The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE
OMB APPROVAL
OMB Number: 3235-0006
Estimated average burden
hours per response: 23.8
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
POWERSHARES QQQ TRUST UNIT SER 1 73935A104 266 2,480 SH   DFND 1,2 2,480 0 0
ISHARES MSCI JAPAN ETF 464286848 65 5,085 SH   DFND 1,2 5,085 0 0
MYLAN N V SHS EURO N59465109 18 267 SH   DFND 1,2 267 0 0
SPDR S&P 500 ETF TR TR UNIT 78462F103 241 1,171 SH   DFND 1,2 1,171 0 0
ISHARES TR MSCI EMG MKT ETF 464287234 36 921 SH   DFND 1,2 921 0 0
ISHARES MSCI PAC JP ETF 464286665 19 448 SH   DFND 1,2 448 0 0
VANGUARD INTL EQUITY INDEX F FTSE EMR MKT ETF 922042858 172 4,196 SH   DFND 1,2 4,196 0 0
VANGUARD INTL EQUITY INDEX F FTSE PACIFIC ETF 922042866 129 2,109 SH   DFND 1,2 2,109 0 0
ISHARES TR CORE S&P500 ETF 464287200 113 544 SH   DFND 1,2 544 0 0
VANGUARD WORLD FDS HEALTH CAR ETF 92204A504 112 802 SH   DFND 1,2 802 0 0
NOVA MEASURING INSTRUMENTS L COM M7516K103 1,271 101,683 SH   DFND 1,2 101,683 0 0
ORMAT TECHNOLOGIES INC COM 686688102 15,082 400,259 SH   DFND 1,2 400,259 0 0
COMPUGEN LTD ORD M25722105 665 95,834 SH   DFND 1,2 95,834 0 0
VERINT SYS INC COM 92343X100 3,177 52,308 SH   DFND 1,2 52,308 0 0
TEVA PHARMACEUTICAL INDS LTD ADR 881624209 884 14,960 SH   DFND 1,2 14,960 0 0
EZCHIP SEMICONDUCTOR LIMITED ORD M4146Y108 70 4,408 SH   DFND 1,2 4,408 0 0
EVOGENE LTD SHS M4119S104 588 66,566 SH   DFND 1,2 66,566 0 0
ISHARES TR MSCI EMG MKT ETF 464287234 546 13,789 SH   DFND 1,2 13,789 0 0
PERRIGO CO PLC SHS G97822103 2,045 11,066 SH   DFND 1,2 11,066 0 0
SILICOM LTD ORD M84116108 207 5,628 SH   DFND 1,2 5,628 0 0
CHECK POINT SOFTWARE TECH LT ORD M22465104 3,192 40,125 SH   DFND 1,2 40,125 0 0
ISHARES MSCI JAPAN ETF 464286848 6,602 515,392 SH   DFND 1,2 515,392 0 0
SPDR S&P 500 ETF TR TR UNIT 78462F103 57,512 279,388 SH   DFND 1,2 279,388 0 0
AMDOCS LTD SHS G02602103 2,777 50,863 SH   DFND 1,2 50,863 0 0
OPKO HEALTH INC COM 68375N103 3,945 245,322 SH   DFND 1,2 245,322 0 0
VANGUARD INDEX FDS REIT ETF 922908553 166,929 2,234,963 SH   DFND 1,2 2,234,963 0 0
POWERSHARES QQQ TRUST UNIT SER 1 73935A104 34,112 318,595 SH   DFND 1,2 318,595 0 0
SELECT SECTOR SPDR TR SBI INT-FINL 81369Y605 26,634 1,092,465 SH   DFND 1,2 1,092,465 0 0
PROTALIX BIOTHERAPEUTICS INC COM 74365A101 461 236,615 SH   DFND 1,2 236,615 0 0
ALLOT COMMUNICATIONS LTD SHS M0854Q105 2,673 371,736 SH   DFND 1,2 371,736 0 0
ISHARES US HOME CONS ETF 464288752 20,116 732,553 SH   DFND 1,2 732,553 0 0
MAZOR ROBOTICS LTD SPONSORED ADS 57886P103 256 19,244 SH   DFND 1,2 19,244 0 0
POWERSHARES QQQ TRUST UNIT SER 1 73935A104 6,696 62,540 SH   DFND   62,540 0 0
ISHARES MSCI JAPAN ETF 464286848 1,641 128,117 SH   DFND   128,117 0 0
MYLAN N V SHS EURO N59465109 457 6,733 SH   DFND   6,733 0 0
SPDR S&P 500 ETF TR TR UNIT 78462F103 7,746 37,629 SH   DFND   37,629 0 0
ISHARES TR MSCI EMG MKT ETF 464287234 10,642 268,608 SH   DFND   268,608 0 0
ISHARES MSCI PAC JP ETF 464286665 490 11,300 SH   DFND   11,300 0 0
VANGUARD INTL EQUITY INDEX F FTSE EMR MKT ETF 922042858 4,317 105,613 SH   DFND   105,613 0 0
VANGUARD INTL EQUITY INDEX F FTSE PACIFIC ETF 922042866 3,418 55,999 SH   DFND   55,999 0 0
ISHARES TR CORE S&P500 ETF 464287200 2,799 13,506 SH   DFND   13,506 0 0
VANGUARD WORLD FDS HEALTH CAR ETF 92204A504 2,847 20,338 SH   DFND   20,338 0 0
NOVA MEASURING INSTRUMENTS L COM M7516K103 2,127 170,157 SH   DFND   170,157 0 0
ORMAT TECHNOLOGIES INC COM 686688102 23,000 610,401 SH   DFND   610,401 0 0
COMPUGEN LTD ORD M25722105 1,113 160,335 SH   DFND   160,335 0 0
VERINT SYS INC COM 92343X100 5,319 87,555 SH   DFND   87,555 0 0
TEVA PHARMACEUTICAL INDS LTD ADR 881624209 1,480 25,040 SH   DFND   25,040 0 0
EZCHIP SEMICONDUCTOR LIMITED ORD M4146Y108 127 7,931 SH   DFND   7,931 0 0
EVOGENE LTD SHS M4119S104 994 112,434 SH   DFND   112,434 0 0
ISHARES TR MSCI EMG MKT ETF 464287234 8,298 209,428 SH   DFND   209,428 0 0
PERRIGO CO PLC SHS G97822103 3,424 18,523 SH   DFND   18,523 0 0
SILICOM LTD ORD M84116108 346 9,397 SH   DFND   9,397 0 0
CHECK POINT SOFTWARE TECH LT ORD M22465104 5,343 67,161 SH   DFND   67,161 0 0
ISHARES MSCI JAPAN ETF 464286848 14,893 1,162,608 SH   DFND   1,162,608 0 0
SPDR S&P 500 ETF TR TR UNIT 78462F103 150,123 729,284 SH   DFND   729,284 0 0
AMDOCS LTD SHS G02602103 4,648 85,137 SH   DFND   85,137 0 0
OPKO HEALTH INC COM 68375N103 6,602 410,578 SH   DFND   410,578 0 0
VANGUARD INDEX FDS REIT ETF 922908553 300,811 4,027,461 SH   DFND   4,027,461 0 0
POWERSHARES QQQ TRUST UNIT SER 1 73935A104 63,736 595,270 SH   DFND   595,270 0 0
SELECT SECTOR SPDR TR SBI INT-FINL 81369Y605 41,264 1,692,535 SH   DFND   1,692,535 0 0
PROTALIX BIOTHERAPEUTICS INC COM 74365A101 745 382,069 SH   DFND   382,069 0 0
ALLOT COMMUNICATIONS LTD SHS M0854Q105 5,869 816,327 SH   DFND   816,327 0 0
ISHARES US HOME CONS ETF 464288752 33,541 1,221,447 SH   DFND   1,221,447 0 0
MAZOR ROBOTICS LTD SPONSORED ADS 57886P103 429 32,198 SH   DFND   32,198 0 0