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Institutional Investment Manager
Psagot Value Holdings Ltd.
Psagot Value Holdings Ltd. (CIK: 0001468428), located at Ahad Haam 14, Tel Aviv, L3. Institutional holdings reported to the SEC.

Institutional Holdings (2016Q4)
Portfolio Summary: 380 holdings with a total value of $2,333,648,000.
#
Name
Shares
Value ($)
%
Options
Notes
351 ISHARES MSCI 688,875 19,791,000 0.85%
352 VANGUARD SCOTTSDALE FDS 284,862 22,609,000 0.97%
353 ISHARES TR 92,012 24,418,000 1.05%
354 ISHARES TR 963,888 25,842,000 1.11%
355 ISHARES 1,033,114 27,016,000 1.16%
356 SELECT SECTOR SPDR TR 347,708 28,303,000 1.21%
357 ISHARES 910,434 30,354,000 1.30%
358 ISHARES MSCI UNITED KINGDOM ETF 1,025,617 31,476,000 1.35%
359 ISHARES INC 649,148 31,718,000 1.36%
360 VANGUARD INTL EQUITY INDEX F 917,300 32,821,000 1.41%
361 ISHARES 760,237 33,428,000 1.43%
362 SELECT SECTOR SPDR TR 675,818 34,947,000 1.50%
363 ISHARES INC 711,123 37,846,000 1.62%
364 RYDEX ETF TRUST 382,309 41,477,000 1.78%
365 ISHARES INC 2,135,608 43,203,000 1.85%
366 WISDOMTREE TR 797,886 45,799,000 1.96%
367 ISHARES INC 1,788,366 52,685,000 2.26%
368 POWERSHARES ETF TR II 1,154,200 54,559,000 2.34%
369 WISDOMTREE TR 1,117,499 55,361,000 2.37%
370 SPDR SERIES TRUST 1,331,605 57,885,000 2.48%
371 POWERSHARES QQQ TRUST 489,378 57,981,000 2.48%
372 SPDR INDEX SHS FDS 844,984 60,881,000 2.61%
373 SELECT SECTOR SPDR TR 1,023,646 63,691,000 2.73%
374 SPDR S&P 500 ETF TR 389,253 87,010,000 3.73%
375 SELECT SECTOR SPDR TR 1,272,222 87,707,000 3.76%
376 SELECT SECTOR SPDR TR 4,130,825 96,042,000 4.12%
377 ISHARES TR 1,982,760 108,913,000 4.67%
378 SELECT SECTOR SPDR TR 1,464,391 110,298,000 4.73%
379 VANGUARD INTL EQUITY INDEX F 2,736,298 131,178,000 5.62%
380 SELECT SECTOR SPDR TR 3,661,965 177,092,000 7.59%
Page 8 of 8

Portfolio data is normalized using SEC Form 13F filings, including the Original 13F-HR (0001178913-17-000205, filed 2017.01.26).

From 2023-01-03 onward, the SEC requires values to be reported in nearest dollars. Earlier filings reported values in thousands; therefore, positions shown as $0 in older filings may represent actual values between $0–$999.