Instuitional Investor - Ayalon Holdings Ltd.

13F Holdings

Filing Period:

No.	Security	Ticker	Shares	Value	% Port
1.	Ishares Msci Acwi Etf		316,575	$43,804	8.95%
2.	Sector Spdr Trust	XLB	324,357	$43,107	8.81%
3.	Spdr S & P 500 Etf Trust	SPY	54,596	$35,578	7.27%
4.	Vanguard S&P 500 Etf		50,727	$30,312	6.19%
5.	Sector Spdr Trust	XLB	250,101	$27,726	5.66%