Ayalon Insurance Comp Ltd. Diversified Active

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
VOO	Vanguard S&P 500 ETF	41,572 (+107.5%)	$26 (+112.0%)	6.3%	$0.55	—	ETP	922908363
IEMG	iShares Core MSCI Emerging Markets ETF	289,775 (+48.2%)	$19 (+51.1%)	4.7%	$0.06	—	ETP	46434G103
SPY	SPDR S&P 500 ETF Trust	44,419 (+15.1%)	$30 (+17.9%)	7.4%	$47.42	—	ETP	78462F103
ACWI	iShares MSCI ACWI ETF	296,297 (+5.6%)	$42 (+8.1%)	10.2%	$14.08	—	ETP	464288257
EMXC	iShares MSCI Emerging Markets ex China ETF	236,812 (+12.2%)	$17 (+20.8%)	4.2%	$0.06	—	ETP	46434G764
XLI	State Street Industrial Select Sector SPDR ETF	71,718 (+14.1%)	$11 (+14.7%)	2.7%	$59.20	—	ETP	81369Y704
XLE	State Street Energy Select Sector SPDR ETF	34,294 (+4.2%)	$2 (-47.8%)	0.4%	$51.35	—	ETP	81369Y506
XLU	State Street Utilities Select Sector SPDR ETF	172,516 (+146.4%)	$7 (+20.6%)	1.8%	$10.81	—	ETP	81369Y886
SNOW	Snowflake Inc	14,172 (+45.0%)	$3 (+41.1%)	0.8%	$198.17	+23.2%	Common Stock	833445109
XLK	State Street Technology Select Sector SPDR ETF	253,134 (+100.0%)	$36 (+2.2%)	8.8%	$41.33	—	ETP	81369Y803
IWM	iShares Russell 2000 ETF	13,230 (+18.9%)	$3 (+20.9%)	0.8%	$13.39	—	ETP	464287655
IVV	iShares Core S&P 500 ETF	7,919 (+4.8%)	$5 (+7.2%)	1.3%	$150.47	—	ETP	464287200
XLB	State Street Materials Select Sector SPDR ETF	120,490 (+100.0%)	$5 (+1.2%)	1.3%	$19.51	—	ETP	81369Y100

Decreased Positions (4)

XLY State Street Consumer Discretionary Select Sector SPDR ETF 0.2%

Value ($000) $1 (-93.6%) Shares 7,635 (-87.1%) Est. Cost $96.97 Unrealized —

XLP State Street Consumer Staples Select Sector SPDR ETF 0.1%

Value ($000) $0 (-95.9%) Shares 5,395 (-95.8%) Est. Cost $29.43 Unrealized —

XLRE State Street Real Estate Select Sector SPDR ETF 1.1%

Value ($000) $4 (-21.1%) Shares 107,879 (-17.6%) Est. Cost $0.39 Unrealized —

XLV State Street Health Care Select Sector SPDR ETF 4.9%

Value ($000) $20 (+4.1%) Shares 129,169 (-6.4%) Est. Cost $76.89 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
XLY	State Street Consumer Discretionary Select Sector SPDR ETF	7,635 (-87.1%)	$1 (-93.6%)	0.2%	$96.97	—	ETP	81369Y407
XLP	State Street Consumer Staples Select Sector SPDR ETF	5,395 (-95.8%)	$0 (-95.9%)	0.1%	$29.43	—	ETP	81369Y308
XLRE	State Street Real Estate Select Sector SPDR ETF	107,879 (-17.6%)	$4 (-21.1%)	1.1%	$0.39	—	ETP	81369Y860
XLV	State Street Health Care Select Sector SPDR ETF	129,169 (-6.4%)	$20 (+4.1%)	4.9%	$76.89	—	ETP	81369Y209

Unchanged Positions (41)

DXJ WisdomTree Japan Hedged Equity Fund 3.0%

Value ($000) $12 Shares 86,137 Est. Cost $22.69 Unrealized —

GOOGL Alphabet Inc 1.3%

Value ($000) $5 Shares 17,110 Est. Cost $137.46 Unrealized +107.8%

AAPL Apple Inc 2.6%

Value ($000) $11 Shares 39,358 Est. Cost $105.93 Unrealized +153.3%

SMH VanEck Semiconductor ETF 1.6%

Value ($000) $7 Shares 18,501 Est. Cost $42.33 Unrealized —

MSFT Microsoft Corp 2.0%

Value ($000) $8 Shares 17,159 Est. Cost $205.56 Unrealized +143.5%

MBLY Mobileye Global Inc 0.2%

Value ($000) $1 Shares 85,057 Est. Cost $35.68 Unrealized -65.0%

VFH Vanguard Financials ETF 4.1%

Value ($000) $17 Shares 128,081 Est. Cost $38.47 Unrealized —

AMZN Amazon.com Inc 1.3%

Value ($000) $5 Shares 23,797 Est. Cost $163.92 Unrealized +39.6%

XLF State Street Financial Select Sector SPDR ETF 3.9%

Value ($000) $16 Shares 293,449 Est. Cost $2.28 Unrealized —

MOAT VanEck Morningstar Wide Moat ETF 1.0%

Value ($000) $4 Shares 40,584 Est. Cost $0.08 Unrealized —

SPHB Invesco S&P 500 High Beta ETF 0.7%

Value ($000) $3 Shares 26,021 Est. Cost $21.57 Unrealized —

ONEQ Fidelity Nasdaq Composite Index ETF 1.3%

Value ($000) $5 Shares 57,760 Est. Cost $50.46 Unrealized —

DIA SPDR Dow Jones Industrial Average ETF Trust 0.8%

Value ($000) $3 Shares 7,215 Est. Cost $0.39 Unrealized —

QQQ Invesco QQQ Trust Series 1 1.3%

Value ($000) $6 Shares 8,958 Est. Cost $41.15 Unrealized —

XLC State Street Communication Services Select Sector SPDR ETF 5.2%

Value ($000) $21 Shares 181,676 Est. Cost $27.64 Unrealized —

BAC Bank of America Corp 0.4%

Value ($000) $2 Shares 30,009 Est. Cost $28.56 Unrealized +84.4%

UBER Uber Technologies Inc 0.1%

Value ($000) $0 Shares 6,071 Est. Cost $33.73 Unrealized +167.0%

ITA iShares U.S. Aerospace & Defense ETF 0.8%

Value ($000) $3 Shares 14,456 Est. Cost $103.38 Unrealized —

VYM Vanguard High Dividend Yield ETF 1.1%

Value ($000) $4 Shares 30,236 Est. Cost $0.11 Unrealized —

IYW iShares U.S. Technology ETF 0.8%

Value ($000) $3 Shares 16,230 Est. Cost $97.04 Unrealized —

IHI iShares U.S. Medical Devices ETF 0.4%

Value ($000) $2 Shares 28,799 Est. Cost $0.06 Unrealized —

TDIV First Trust NASDAQ Technology Dividend Index Fund 0.7%

Value ($000) $3 Shares 30,589 Est. Cost $40.78 Unrealized —

VHT Vanguard Health Care ETF 0.1%

Value ($000) $1 Shares 1,863 Est. Cost $0.27 Unrealized —

VOOG Vanguard S&P 500 Growth ETF 0.6%

Value ($000) $2 Shares 5,531 Est. Cost $0.25 Unrealized —

FDN First Trust Dow Jones Internet Index Fund 0.3%

Value ($000) $1 Shares 4,758 Est. Cost $0.15 Unrealized —

BUG Global X Cybersecurity ETF 0.1%

Value ($000) $0 Shares 10,169 Est. Cost $21.20 Unrealized —

IGM iShares Expanded Tech Sector ETF 0.4%

Value ($000) $2 Shares 11,826 Est. Cost $0.14 Unrealized —

VGT Vanguard Information Technology ETF 0.8%

Value ($000) $3 Shares 4,246 Est. Cost $275.11 Unrealized —

RPV Invesco Exchange-Traded Fund Trust - Invesco S&P 500 Pure Value ETF 0.2%

Value ($000) $1 Shares 7,293 Est. Cost $67.19 Unrealized —

SPYM State Street SPDR Portfolio S&P 500 ETF 0.3%

Value ($000) $1 Shares 15,660 Est. Cost $0.08 Unrealized —

SPYG State Street SPDR Portfolio S&P 500 Growth ETF 0.3%

Value ($000) $1 Shares 12,122 Est. Cost $45.14 Unrealized —

XMHQ Invesco S&P MidCap Quality ETF 0.3%

Value ($000) $1 Shares 10,080 Est. Cost $0.10 Unrealized —

IGV iShares Expanded Tech-Software Sector ETF 0.1%

Value ($000) $0 Shares 2,425 Est. Cost $43.26 Unrealized —

IXC iShares Global Energy ETF 1.1%

Value ($000) $5 Shares 107,474 Est. Cost $24.75 Unrealized —

JQUA JPMorgan US Quality Factor ETF 0.6%

Value ($000) $3 Shares 39,764 Est. Cost $40.11 Unrealized —

QTEC First Trust NASDAQ-100 Technology Index Fund 0.7%

Value ($000) $3 Shares 12,356 Est. Cost $70.51 Unrealized —

EELV Invesco S&P Emerging Markets Low Volatility ETF 0.1%

Value ($000) $0 Shares 9,047 Est. Cost $2.76 Unrealized —

RZV Invesco S&P SmallCap 600 Pure Value ETF 0.2%

Value ($000) $1 Shares 7,023 Est. Cost $83.76 Unrealized —

NVDA NVIDIA Corp 2.2%

Value ($000) $9 Shares 49,603 Est. Cost $98.64 Unrealized +88.7%

HEDJ WisdomTree Europe Hedged Equity Fund 0.0%

Value ($000) $0 Shares 1,060 Est. Cost $28.80 Unrealized —

VWO Vanguard FTSE Emerging Markets ETF 0.0%

Value ($000) $0 Shares 300 Est. Cost $0.04 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
DXJ	WisdomTree Japan Hedged Equity Fund	86,137	$12	3.0%	$22.69	—	ETP	97717W851
GOOGL	Alphabet Inc	17,110	$5	1.3%	$137.46	+107.8%	Common Stock	02079K305
AAPL	Apple Inc	39,358	$11	2.6%	$105.93	+153.3%	Common Stock	037833100
SMH	VanEck Semiconductor ETF	18,501	$7	1.6%	$42.33	—	ETP	92189F676
MSFT	Microsoft Corp	17,159	$8	2.0%	$205.56	+143.5%	Common Stock	594918104
MBLY	Mobileye Global Inc	85,057	$1	0.2%	$35.68	-65.0%	Common Stock	60741F104
VFH	Vanguard Financials ETF	128,081	$17	4.1%	$38.47	—	ETP	92204A405
AMZN	Amazon.com Inc	23,797	$5	1.3%	$163.92	+39.6%	Common Stock	023135106
XLF	State Street Financial Select Sector SPDR ETF	293,449	$16	3.9%	$2.28	—	ETP	81369Y605
MOAT	VanEck Morningstar Wide Moat ETF	40,584	$4	1.0%	$0.08	—	ETP	92189F643
SPHB	Invesco S&P 500 High Beta ETF	26,021	$3	0.7%	$21.57	—	ETP	46138E370
ONEQ	Fidelity Nasdaq Composite Index ETF	57,760	$5	1.3%	$50.46	—	ETP	315912808
DIA	SPDR Dow Jones Industrial Average ETF Trust	7,215	$3	0.8%	$0.39	—	ETP	78467X109
QQQ	Invesco QQQ Trust Series 1	8,958	$6	1.3%	$41.15	—	ETP	46090E103
XLC	State Street Communication Services Select Sector SPDR ETF	181,676	$21	5.2%	$27.64	—	ETP	81369Y852
BAC	Bank of America Corp	30,009	$2	0.4%	$28.56	+84.4%	Common Stock	060505104
UBER	Uber Technologies Inc	6,071	$0	0.1%	$33.73	+167.0%	Common Stock	90353T100
ITA	iShares U.S. Aerospace & Defense ETF	14,456	$3	0.8%	$103.38	—	ETP	464288760
VYM	Vanguard High Dividend Yield ETF	30,236	$4	1.1%	$0.11	—	ETP	921946406
IYW	iShares U.S. Technology ETF	16,230	$3	0.8%	$97.04	—	ETP	464287721
IHI	iShares U.S. Medical Devices ETF	28,799	$2	0.4%	$0.06	—	ETP	464288810
TDIV	First Trust NASDAQ Technology Dividend Index Fund	30,589	$3	0.7%	$40.78	—	ETP	33738R118
VHT	Vanguard Health Care ETF	1,863	$1	0.1%	$0.27	—	ETP	92204A504
VOOG	Vanguard S&P 500 Growth ETF	5,531	$2	0.6%	$0.25	—	ETP	921932505
FDN	First Trust Dow Jones Internet Index Fund	4,758	$1	0.3%	$0.15	—	ETP	33733E302
BUG	Global X Cybersecurity ETF	10,169	$0	0.1%	$21.20	—	ETP	37954Y384
IGM	iShares Expanded Tech Sector ETF	11,826	$2	0.4%	$0.14	—	ETP	464287549
VGT	Vanguard Information Technology ETF	4,246	$3	0.8%	$275.11	—	ETP	92204A702
RPV	Invesco Exchange-Traded Fund Trust - Invesco S&P 500 Pure Value ETF	7,293	$1	0.2%	$67.19	—	ETP	46137V258
SPYM	State Street SPDR Portfolio S&P 500 ETF	15,660	$1	0.3%	$0.08	—	ETP	78464A854
SPYG	State Street SPDR Portfolio S&P 500 Growth ETF	12,122	$1	0.3%	$45.14	—	ETP	78464A409
XMHQ	Invesco S&P MidCap Quality ETF	10,080	$1	0.3%	$0.10	—	ETP	46137V472
IGV	iShares Expanded Tech-Software Sector ETF	2,425	$0	0.1%	$43.26	—	ETP	464287515
IXC	iShares Global Energy ETF	107,474	$5	1.1%	$24.75	—	ETP	464287341
JQUA	JPMorgan US Quality Factor ETF	39,764	$3	0.6%	$40.11	—	ETP	46641Q761
QTEC	First Trust NASDAQ-100 Technology Index Fund	12,356	$3	0.7%	$70.51	—	ETP	337345102
EELV	Invesco S&P Emerging Markets Low Volatility ETF	9,047	$0	0.1%	$2.76	—	ETP	46138E297
RZV	Invesco S&P SmallCap 600 Pure Value ETF	7,023	$1	0.2%	$83.76	—	ETP	46137V167
NVDA	NVIDIA Corp	49,603	$9	2.2%	$98.64	+88.7%	Common Stock	67066G104
HEDJ	WisdomTree Europe Hedged Equity Fund	1,060	$0	0.0%	$28.80	—	ETP	97717X701
VWO	Vanguard FTSE Emerging Markets ETF	300	$0	0.0%	$0.04	—	ETP	922042858