Solactive-Bluestar Israel Economic Exposure Indexes Utilize the Constituents of Its Parent Index, the Bluestar Israel Global Index – Total Investable Market (BITM)

Solactive-BlueStar Israel Q118 Economic Exposure Indexes Fact Sheet

The Solactive-BlueStar Israel Domestic Exposure Index (IDEI) and Solactive-BlueStar Global Exposure Index (IGEI) provide investors with two distinct benchmarks for Israeli equities – designed to reflect the segmentation of the Israeli economy between globally-oriented firms and companies primarily focused on serving the domestic economy. These indexes can be used as vital indicators of Israel’s economic cycles and specific economic trends, as well as tools or vehicles to track the potential risk of geopolitical events in the volatile Middle East. Additionally, these indexes provide insight into the different risk, reward, correlation, yield and other technical and fundamental characteristics of Israeli Global Equities representing Israel’s domestic and global economies.

The Solactive-BlueStar Israel Economic exposure indexes utilize the constituents of its parent index, the BlueStar Israel Global Index – Total Investable Market (BITM). The index methodologies define a company’s economic exposure by the percentage of its revenues derived from the target economic zone – revenue from within Israel for IDEI and revenue from outside of Israel for IGEI. In addition the index methodology provides for several diversification and liquidity limitations. Finally, the index methodology takes into account the importance of balanced, yet representative, sector exposure and diversification within sectors.

9-Year Performance Comparison 375

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75 Mar-09 Mar-10 Mar-11 Mar-12 Mar-13 Mar-14 Mar-15 Mar-16 Mar-17 Mar-18

TA-125 BIGI MSCI EAFE Israel Domestic Exposure Israel Global Exposure

www.bluestarindexes.com 1 Solactive-BlueStar Israel Domestic Exposure Q118 Index Total Return (IDEITR) Fact Sheet

INDEX OVERVIEW The Solactive-BlueStar Israel Domestic Exposure Index was developed in partnership by BlueStar Indexes and Solactive AG and is calculated, published and distributed by Solactive AG. The objective of the index is to provide an investable benchmark for investors seeking concentrated exposure to the domestic Israeli equity opportunity. The index includes all companies that are constituents of the parent index, the BlueStar Israel Global Total Market Index (BIGI-TIM), a broad and deep benchmark of Israeli Global Equities, and derive 70% or more of annual revenue from within Israel. The index methodology seeks balanced representation of each sector that is important to all non-export-driven sectors of the economy and non-export components of Israel’s GDP represented in the publicly-traded equities markets. The index takes the same global approach to benchmarking as its parent index by considering companies for inclusion regardless of listing venue. The index utilizes proprietary data from FactSet in determining a company’s geographical revenue exposure. The index is published on a price, net total and gross total return basis in USD and recent prices can be found on Solactive’s website or on the Thomson Reuters Eikon system.

Top Ten Index Constituents GICS Sector/Industry Exposure Company Index Weight (%) Sector IDEI Weight (%) BIGI Weight (%) Bank Leumi Le-israel 6.77 Financials 34.94 17.67 Bank Hapoalim Bm 6.45 Industrials 14.24 4.16 Bezeq The Israeli Telecom Co 4.13 Energy 11.83 4.46 Mizrahi Tefahot Bank Ltd 3.62 Real Estate 11.19 6.07 Israel Discount Bank-a 3.39 Consumer Staples 9.27 1.34 Harel Insurance Investments 3.37 Telecommunications Services 8.50 2.92 Shufersal Ltd 3.32 Consumer Discretionary 5.83 2.44 Migdal Insurance & Financial 3.28 Information Technology 3.54 33.46 Discount Investment Corp-reg 3.01 Health Care 0.67 22.06 Delek Group Ltd 2.69 Materials 0.00 3.61 Total 40.27 Utilities 0.00 1.80

Internal Index Data Index Statistics No. of Securities 55 Currency USD Total Index Market Cap $74 billion Max Market Cap $9.1 billion Min Market Cap $109 million Average Market Cap $1.3 billion Listing Venue Weight (%) Weight on TASE 97 Dual-Listed 3 Market Cap- Segmentation (%) > $5 Billion 13 $750 Million to $5 Billion 53 < $750 Million 34

www.bluestarindexes.com 2 Solactive-BlueStar Israel Global Exposure Q118 Index Total Return (IGEITR) Fact Sheet

INDEX OVERVIEW The Solactive-BlueStar Israel Global Exposure Index was developed in partnership by BlueStar Indexes and Solactive AG and is calculated, published and distributed by Solactive AG. The objective of the index is to provide an investable benchmark for investors seeking concentrated exposure to the segment of the Israeli equity opportunity that best represents Israel's global economic footprint. The index includes all companies that are constituents of the parent index, the BlueStar Israel Global Total Market Index (BIGI-TIM), a broad and deep benchmark of Israeli Global Equities, and derive 70% or more of annual revenue from outside Israel. The index methodology seeks balanced representation of each export-driven sector of the Israeli economy and GDP, and to those companies with significant operating activities outside of Israel represented in the publicly-traded equities markets. The index takes the same global approach to benchmarking as its parent index by considering companies for inclusion regardless of listing venue. The index utilizes proprietary data from FactSet in determining a company’s geographical revenue exposure. The index is published on a price, net total and gross total return basis in USD and recent prices can be found on Solactive’s website or on the Thomson Reuters Eikon system.

Top Ten Index Constituents GICS Sector/Industry Exposure

Company Index Weight (%) Sector IGEI Weight (%) BIGI WEIGHT (%) Perrigo Co Plc 6.82 Information Technology 34.63 34.59 Teva Pharmaceutical Ind Ltd 6.71 Health Care 25.63 22.25 Amdocs Ltd 5.83 Industrials 9.29 4.53 Israel Chemicals Ltd 4.95 Consumer Discretionary 7.73 6.21 Check Point Software Tech 4.82 Real Estate 6.88 2.42 Delek Us Holdings Inc 4.18 Materials 6.55 3.63 Elbit Systems Ltd 2.93 Energy 3.50 3.91 Nice Ltd 2.60 Frutarom 2.23 Utilities 3.17 2.00 Sodastream International Ltd 2.06 Financials 1.28 16.50 Total 43.14 Consumer Staples 0.71 2.68 Telecommunications Services 0.62 1.28

Internal Index Data

Index Statistics No. of Securities 74 Currency USD Total Index Market Cap $142 billion Max Market Cap $18 billion Min Market Cap $61 million Average Market Cap $1.9 Billion Listing Venue Weight (%) Weight on NYSE/Nasdaq Only 38 Weight on TASE Only 15 Dual-Listed 8 Weight on LSE/Singapore/ASX 39 Market Cap- Segmentation (%) > $5 Billion 37 $750 Million to $5 Billion 36 < $750 Million 27

www.bluestarindexes.com 3 Solactive-BlueStar Israel Economic Exposure Q118 Indexes Historical Risk and Returns Data Fact Sheet

IEEI Performance Relative to Israel Total Investable Market Trailing Twelve Month Comparative Total Returns 160 Index Since 2009 125 150 120 140 115 130 120 110

110 105 100 100 90 95 80 90 3/31/2017 6/30/2017 9/30/2017 12/31/2017 3/31/2018 Israel Domestic Exposure Israel Global Exposure Israel Domestic Exposure Israel Global Exposure Israel Total Investable Market

IEEI Relative Performance Since 2009 160

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70 1/1/2009 1/1/2010 1/1/2011 1/1/2012 1/1/2013 1/1/2014 1/1/2015 1/1/2016 1/1/2017 1/1/2018 Israel Domestic Relative to Israel Global 50-Day SMA 200-Day SMA

INDEX RISK AND RETURN DATA

Long- Term Total Returns (%) Long-Term Risk: (Standard Deviation of Returns)* (%) YTD 1yr 3yrs.* 5yrs.* YTD 1 yr 3yrs.* 5yrs.* EAFE (1.41) 15.32 6.05 6.98 EAFE 16.95 8.90 12.28 11.92 MSCI EM 1.47 25.37 9.21 5.41 MSCI EM 23.61 11.93 16.46 14.98 MSCI Israel** (5.25) (7.98) (9.24) 1.06 MSCI Israel** 18.04 21.38 18.73 16.64 TA-125 (5.02) 8.28 1.55 4.28 TA-125 20.07 12.00 13.58 13.24 BIGI (1.88) 4.97 0.52 5.46 BIGI 15.60 11.31 12.48 11.40 IGEI (0.69) 11.37 5.78 8.37 IGEI 15.59 8.99 12.36 12.14 IDEI (5.31) 7.31 16.73 9.75 IDEI 19.25 13.44 14.94 15.94

Five Year Correlations MSCI EM EAFE MSCI Israel TA-125 BIGI IGEI IDEI MSCI EM 1.00 EAFE 0.76 1.00 MSCI Israel** 0.19 0.43 1.00 TA-100 0.50 0.75 0.68 1.00 BIGI 0.50 0.73 0.74 0.86 1.00 IGEI 0.53 0.70 0.75 0.56 0.91 1.00 IDEI 0.51 0.74 0.42 0.45 0.77 0.64 1.00

*Annualized **MSCI Israel Uncapped