Instuitional Investor - Harel Insurance Investments & Financial Services Ltd.

13F Holdings

Filing Period:

No.	Security	Ticker	Shares	Value	% Port
1.	Sector Spdr Trust	XLB	10,327,698	$499,138	8.17%
2.	Vanguard World Fund		674,791	$419,585	6.87%
3.	Sector Spdr Trust	XLB	2,908,109	$400,068	6.55%
4.	Sector Spdr Trust	XLB	1,705,408	$396,542	6.49%
5.	Global X Fds		6,834,131	$276,882	4.53%