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        <nameOfIssuer>NOVA MEASURING INSTRUMENTS L</nameOfIssuer>
        <titleOfClass>COM</titleOfClass>
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        <nameOfIssuer>ORMAT TECHNOLOGIES INC</nameOfIssuer>
        <titleOfClass>COM</titleOfClass>
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        <nameOfIssuer>ISHARES RUSSEL 2000 ETF</nameOfIssuer>
        <titleOfClass>WTH</titleOfClass>
        <cusip>464287655</cusip>
        <value>20414</value>
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        <nameOfIssuer>SPDR TR SBI HEALTHCARE</nameOfIssuer>
        <titleOfClass>SBI HEALTHCARE</titleOfClass>
        <cusip>81369Y209</cusip>
        <value>18446</value>
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        <nameOfIssuer>ENLIGHT RENEWABLE ENERGY LTD</nameOfIssuer>
        <titleOfClass>SHS</titleOfClass>
        <cusip>M4056D110</cusip>
        <value>1754</value>
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            <sshPrnamt>91626</sshPrnamt>
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        <nameOfIssuer>ISHARES TR</nameOfIssuer>
        <titleOfClass>CORE S&amp;P500 ETF</titleOfClass>
        <cusip>464287200</cusip>
        <value>840</value>
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        <nameOfIssuer>TEVA PHARMACEUTICAL INDS LTD</nameOfIssuer>
        <titleOfClass>SPONSORED ADS</titleOfClass>
        <cusip>881624209</cusip>
        <value>6096</value>
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            <None>0</None>
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        <nameOfIssuer>SELECT SECTOR SPDR TR</nameOfIssuer>
        <titleOfClass>ENERGY</titleOfClass>
        <cusip>81369Y506</cusip>
        <value>16623</value>
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            <sshPrnamt>198265</sshPrnamt>
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            <None>0</None>
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    <infoTable>
        <nameOfIssuer>SELECT SECTOR SPDR TR</nameOfIssuer>
        <titleOfClass>RL EST SEL SEC</titleOfClass>
        <cusip>81369Y860</cusip>
        <value>12395</value>
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            <sshPrnamt>309413</sshPrnamt>
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        <nameOfIssuer>SAPIENS INTL CORP N V</nameOfIssuer>
        <titleOfClass>SHS</titleOfClass>
        <cusip>G7T16G103</cusip>
        <value>731</value>
        <shrsOrPrnAmt>
            <sshPrnamt>25273</sshPrnamt>
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        <investmentDiscretion>DFND</investmentDiscretion>
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            <Sole>25273</Sole>
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            <None>0</None>
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    <infoTable>
        <nameOfIssuer>ISHARES TR</nameOfIssuer>
        <titleOfClass>EXPANDED TECH</titleOfClass>
        <cusip>464287515</cusip>
        <value>22166</value>
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            <sshPrnamt>54645</sshPrnamt>
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        <nameOfIssuer>SALESFORCE INC</nameOfIssuer>
        <titleOfClass>COM</titleOfClass>
        <cusip>79466L302</cusip>
        <value>4559</value>
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        <investmentDiscretion>DFND</investmentDiscretion>
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            <None>0</None>
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        <nameOfIssuer>SELECT SECTOR SPDR TR</nameOfIssuer>
        <titleOfClass>SBI CONS STPLS</titleOfClass>
        <cusip>81369Y308</cusip>
        <value>14500</value>
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        <investmentDiscretion>DFND</investmentDiscretion>
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        <nameOfIssuer>VANGUARD INTL EQUITY INDEX F</nameOfIssuer>
        <titleOfClass>FTSE EMR MKT ETF</titleOfClass>
        <cusip>922042858</cusip>
        <value>23230</value>
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        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1,2</otherManager>
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        <nameOfIssuer>VANECK ETF TRUST</nameOfIssuer>
        <titleOfClass>SEMICONDUCTR ETF</titleOfClass>
        <cusip>92189F676</cusip>
        <value>8466</value>
        <shrsOrPrnAmt>
            <sshPrnamt>48412</sshPrnamt>
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        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1,2</otherManager>
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            <Sole>48412</Sole>
            <Shared>0</Shared>
            <None>0</None>
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    <infoTable>
        <nameOfIssuer>SELECT SECTOR SPDR TR</nameOfIssuer>
        <titleOfClass>COMMUNICATION</titleOfClass>
        <cusip>81369Y852</cusip>
        <value>11221</value>
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        <investmentDiscretion>DFND</investmentDiscretion>
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        <nameOfIssuer>TOWER SEMICONDUCTOR LTD</nameOfIssuer>
        <titleOfClass>SHS NEW</titleOfClass>
        <cusip>M87915274</cusip>
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        <nameOfIssuer>NICE LTD</nameOfIssuer>
        <titleOfClass>SPONSORED ADR</titleOfClass>
        <cusip>653656108</cusip>
        <value>3460</value>
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        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1,2</otherManager>
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        <nameOfIssuer>LAM RESEARCH CORP</nameOfIssuer>
        <titleOfClass>COM</titleOfClass>
        <cusip>512807108</cusip>
        <value>3003</value>
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        <otherManager>1,2</otherManager>
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        <nameOfIssuer>VANGUARD INDEX FDS</nameOfIssuer>
        <titleOfClass>S&amp;P 500 ETF SHS</titleOfClass>
        <cusip>922908363</cusip>
        <value>16344</value>
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        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1,2</otherManager>
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            <None>0</None>
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        <nameOfIssuer>SPDR S&amp;P 500 ETF TR</nameOfIssuer>
        <titleOfClass>TR UNIT</titleOfClass>
        <cusip>78462F103</cusip>
        <value>532</value>
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            <sshPrnamt>1119</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
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        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1,2</otherManager>
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            <None>0</None>
        </votingAuthority>
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        <nameOfIssuer>AMAZON COM INC</nameOfIssuer>
        <titleOfClass>COM</titleOfClass>
        <cusip>023135106</cusip>
        <value>6856</value>
        <shrsOrPrnAmt>
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        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1,2</otherManager>
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            <None>0</None>
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        <nameOfIssuer>VANGUARD INDEX FDS</nameOfIssuer>
        <titleOfClass>REAL ESTATE ETF</titleOfClass>
        <cusip>922908553</cusip>
        <value>126479</value>
        <shrsOrPrnAmt>
            <sshPrnamt>1431405</sshPrnamt>
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        <investmentDiscretion>DFND</investmentDiscretion>
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            <Shared>0</Shared>
            <None>0</None>
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    <infoTable>
        <nameOfIssuer>SELECT SECTOR SPDR TR</nameOfIssuer>
        <titleOfClass>TECHNOLOGY</titleOfClass>
        <cusip>81369Y803</cusip>
        <value>8168</value>
        <shrsOrPrnAmt>
            <sshPrnamt>42435</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
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        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1,2</otherManager>
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            <None>0</None>
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        <nameOfIssuer>INVESCO EXCHANGE TRADED FD T</nameOfIssuer>
        <titleOfClass>AEROSPACE DEFN</titleOfClass>
        <cusip>46137V100</cusip>
        <value>13119</value>
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            <sshPrnamtType>SH</sshPrnamtType>
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        <investmentDiscretion>DFND</investmentDiscretion>
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            <None>0</None>
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        <nameOfIssuer>FINANCIAL SELECT SECTOR SPDR</nameOfIssuer>
        <titleOfClass>TR UNIT</titleOfClass>
        <cusip>81369Y605</cusip>
        <value>24638</value>
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            <sshPrnamtType>SH</sshPrnamtType>
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        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1,2</otherManager>
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            <Sole>655256</Sole>
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            <None>0</None>
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        <nameOfIssuer>SPIRIT AEROSYSTEMS HLDGS INC</nameOfIssuer>
        <titleOfClass>COM</titleOfClass>
        <cusip>83417M104</cusip>
        <value>1643</value>
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            <sshPrnamt>17550</sshPrnamt>
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        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1,2</otherManager>
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        <nameOfIssuer>META PLATFORMS INC</nameOfIssuer>
        <titleOfClass>C CL A</titleOfClass>
        <cusip>30303M102</cusip>
        <value>4310</value>
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            <sshPrnamt>12177</sshPrnamt>
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        <investmentDiscretion>DFND</investmentDiscretion>
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            <None>0</None>
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        <nameOfIssuer>cste</nameOfIssuer>
        <titleOfClass>RD SHS</titleOfClass>
        <cusip>M20598104</cusip>
        <value>509</value>
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            <sshPrnamtType>SH</sshPrnamtType>
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        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1,2</otherManager>
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        <nameOfIssuer>ISHARES TR</nameOfIssuer>
        <titleOfClass>U.S. MED DVC ETF</titleOfClass>
        <cusip>464288810</cusip>
        <value>7908</value>
        <shrsOrPrnAmt>
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        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1,2</otherManager>
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        <nameOfIssuer>ISHARES TR</nameOfIssuer>
        <titleOfClass>US HOME CONS ETF</titleOfClass>
        <cusip>464288752</cusip>
        <value>107</value>
        <shrsOrPrnAmt>
            <sshPrnamt>1050</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
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        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1,2</otherManager>
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            <None>0</None>
        </votingAuthority>
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        <nameOfIssuer>INMODE LTD</nameOfIssuer>
        <titleOfClass>SHS</titleOfClass>
        <cusip>M5425M103</cusip>
        <value>4070</value>
        <shrsOrPrnAmt>
            <sshPrnamt>183022</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
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        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1,2</otherManager>
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            <None>0</None>
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        <nameOfIssuer>SPDR S&amp;P 500 ETF TR</nameOfIssuer>
        <titleOfClass>TR UNIT</titleOfClass>
        <cusip>78462F103</cusip>
        <value>94237</value>
        <shrsOrPrnAmt>
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        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1,2</otherManager>
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            <None>0</None>
        </votingAuthority>
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    <infoTable>
        <nameOfIssuer>SPDR S&amp;P 500 ETF TR</nameOfIssuer>
        <titleOfClass>TR UNIT</titleOfClass>
        <cusip>78462F103</cusip>
        <value>104781</value>
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        <nameOfIssuer>VANGUARD INDEX FDS</nameOfIssuer>
        <titleOfClass>REIT ETF</titleOfClass>
        <cusip>922908553</cusip>
        <value>22452</value>
        <shrsOrPrnAmt>
            <sshPrnamt>254100</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
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        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1,2</otherManager>
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            <None>0</None>
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        <nameOfIssuer>NOVA MEASURING INSTRUMENTS L</nameOfIssuer>
        <titleOfClass>COM</titleOfClass>
        <cusip>m7516k103</cusip>
        <value>10350</value>
        <shrsOrPrnAmt>
            <sshPrnamt>75333</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
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        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1,2</otherManager>
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            <Sole>75333</Sole>
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            <None>0</None>
        </votingAuthority>
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    <infoTable>
        <nameOfIssuer>ORMAT TECHNOLOGIES INC</nameOfIssuer>
        <titleOfClass>COM</titleOfClass>
        <cusip>686688102</cusip>
        <value>6498</value>
        <shrsOrPrnAmt>
            <sshPrnamt>85737</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1,2</otherManager>
        <votingAuthority>
            <Sole>85737</Sole>
            <Shared>0</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>ISHARES INC</nameOfIssuer>
        <titleOfClass>MSCI EMRG CHN</titleOfClass>
        <cusip>46434G764</cusip>
        <value>416</value>
        <shrsOrPrnAmt>
            <sshPrnamt>7500</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1,2</otherManager>
        <votingAuthority>
            <Sole>7500</Sole>
            <Shared>0</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>ISHARES RUSSEL 2000 ETF</nameOfIssuer>
        <titleOfClass>WTH</titleOfClass>
        <cusip>464287655</cusip>
        <value>33326</value>
        <shrsOrPrnAmt>
            <sshPrnamt>166043</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1,2</otherManager>
        <votingAuthority>
            <Sole>166043</Sole>
            <Shared>0</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>SPDR TR SBI HEALTHCARE</nameOfIssuer>
        <titleOfClass>SBI HEALTHCARE</titleOfClass>
        <cusip>81369Y209</cusip>
        <value>26464</value>
        <shrsOrPrnAmt>
            <sshPrnamt>194046</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1,2</otherManager>
        <votingAuthority>
            <Sole>194046</Sole>
            <Shared>0</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>ENLIGHT RENEWABLE ENERGY LTD</nameOfIssuer>
        <titleOfClass>SHS</titleOfClass>
        <cusip>M4056D110</cusip>
        <value>2744</value>
        <shrsOrPrnAmt>
            <sshPrnamt>143374</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1,2</otherManager>
        <votingAuthority>
            <Sole>143374</Sole>
            <Shared>0</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>ISHARES TR</nameOfIssuer>
        <titleOfClass>CORE S&amp;P500 ETF</titleOfClass>
        <cusip>464287200</cusip>
        <value>17900</value>
        <shrsOrPrnAmt>
            <sshPrnamt>37477</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1,2</otherManager>
        <votingAuthority>
            <Sole>37477</Sole>
            <Shared>0</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>TEVA PHARMACEUTICAL INDS LTD</nameOfIssuer>
        <titleOfClass>SPONSORED ADS</titleOfClass>
        <cusip>881624209</cusip>
        <value>9077</value>
        <shrsOrPrnAmt>
            <sshPrnamt>869411</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1,2</otherManager>
        <votingAuthority>
            <Sole>869411</Sole>
            <Shared>0</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>SPDR TR SBI INT-INDS</nameOfIssuer>
        <titleOfClass>TR UNIT</titleOfClass>
        <cusip>81369Y704</cusip>
        <value>160</value>
        <shrsOrPrnAmt>
            <sshPrnamt>1400</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1,2</otherManager>
        <votingAuthority>
            <Sole>1400</Sole>
            <Shared>0</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>SELECT SECTOR SPDR TR</nameOfIssuer>
        <titleOfClass>ENERGY</titleOfClass>
        <cusip>81369Y506</cusip>
        <value>27343</value>
        <shrsOrPrnAmt>
            <sshPrnamt>326135</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1,2</otherManager>
        <votingAuthority>
            <Sole>326135</Sole>
            <Shared>0</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>SELECT SECTOR SPDR TR</nameOfIssuer>
        <titleOfClass>RL EST SEL SEC</titleOfClass>
        <cusip>81369Y860</cusip>
        <value>20294</value>
        <shrsOrPrnAmt>
            <sshPrnamt>506587</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1,2</otherManager>
        <votingAuthority>
            <Sole>506587</Sole>
            <Shared>0</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>SAPIENS INTL CORP N V</nameOfIssuer>
        <titleOfClass>SHS</titleOfClass>
        <cusip>G7T16G103</cusip>
        <value>1130</value>
        <shrsOrPrnAmt>
            <sshPrnamt>39051</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1,2</otherManager>
        <votingAuthority>
            <Sole>39051</Sole>
            <Shared>0</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>ISHARES TR</nameOfIssuer>
        <titleOfClass>EXPANDED TECH</titleOfClass>
        <cusip>464287515</cusip>
        <value>36043</value>
        <shrsOrPrnAmt>
            <sshPrnamt>88855</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1,2</otherManager>
        <votingAuthority>
            <Sole>88855</Sole>
            <Shared>0</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>SELECT SECTOR SPDR TR</nameOfIssuer>
        <titleOfClass>SBI INT-UTILS</titleOfClass>
        <cusip>81369Y886</cusip>
        <value>165</value>
        <shrsOrPrnAmt>
            <sshPrnamt>2600</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1,2</otherManager>
        <votingAuthority>
            <Sole>2600</Sole>
            <Shared>0</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>SALESFORCE INC</nameOfIssuer>
        <titleOfClass>COM</titleOfClass>
        <cusip>79466L302</cusip>
        <value>7098</value>
        <shrsOrPrnAmt>
            <sshPrnamt>26976</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1,2</otherManager>
        <votingAuthority>
            <Sole>26976</Sole>
            <Shared>0</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>SELECT SECTOR SPDR TR</nameOfIssuer>
        <titleOfClass>SBI CONS STPLS</titleOfClass>
        <cusip>81369Y308</cusip>
        <value>20931</value>
        <shrsOrPrnAmt>
            <sshPrnamt>290593</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1,2</otherManager>
        <votingAuthority>
            <Sole>290593</Sole>
            <Shared>0</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>VANGUARD INTL EQUITY INDEX F</nameOfIssuer>
        <titleOfClass>FTSE EMR MKT ETF</titleOfClass>
        <cusip>922042858</cusip>
        <value>64154</value>
        <shrsOrPrnAmt>
            <sshPrnamt>1560922</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1,2</otherManager>
        <votingAuthority>
            <Sole>1560922</Sole>
            <Shared>0</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>VANECK ETF TRUST</nameOfIssuer>
        <titleOfClass>SEMICONDUCTR ETF</titleOfClass>
        <cusip>92189F676</cusip>
        <value>14180</value>
        <shrsOrPrnAmt>
            <sshPrnamt>81088</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1,2</otherManager>
        <votingAuthority>
            <Sole>81088</Sole>
            <Shared>0</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>SELECT SECTOR SPDR TR</nameOfIssuer>
        <titleOfClass>COMMUNICATION</titleOfClass>
        <cusip>81369Y852</cusip>
        <value>14975</value>
        <shrsOrPrnAmt>
            <sshPrnamt>206094</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1,2</otherManager>
        <votingAuthority>
            <Sole>206094</Sole>
            <Shared>0</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>TOWER SEMICONDUCTOR LTD</nameOfIssuer>
        <titleOfClass>SHS NEW</titleOfClass>
        <cusip>M87915274</cusip>
        <value>17143</value>
        <shrsOrPrnAmt>
            <sshPrnamt>561700</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1,2</otherManager>
        <votingAuthority>
            <Sole>561700</Sole>
            <Shared>0</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>NICE LTD</nameOfIssuer>
        <titleOfClass>SPONSORED ADR</titleOfClass>
        <cusip>653656108</cusip>
        <value>5238</value>
        <shrsOrPrnAmt>
            <sshPrnamt>26254</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1,2</otherManager>
        <votingAuthority>
            <Sole>26254</Sole>
            <Shared>0</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>LAM RESEARCH CORP</nameOfIssuer>
        <titleOfClass>COM</titleOfClass>
        <cusip>512807108</cusip>
        <value>4986</value>
        <shrsOrPrnAmt>
            <sshPrnamt>6366</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1,2</otherManager>
        <votingAuthority>
            <Sole>6366</Sole>
            <Shared>0</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>VANGUARD INDEX FDS</nameOfIssuer>
        <titleOfClass>S&amp;P 500 ETF SHS</titleOfClass>
        <cusip>922908363</cusip>
        <value>11915</value>
        <shrsOrPrnAmt>
            <sshPrnamt>27278</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1,2</otherManager>
        <votingAuthority>
            <Sole>27278</Sole>
            <Shared>0</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>SPDR S&amp;P 500 ETF TR</nameOfIssuer>
        <titleOfClass>TR UNIT</titleOfClass>
        <cusip>78462F103</cusip>
        <value>10510</value>
        <shrsOrPrnAmt>
            <sshPrnamt>22111</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1,2</otherManager>
        <votingAuthority>
            <Sole>22111</Sole>
            <Shared>0</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>AMAZON COM INC</nameOfIssuer>
        <titleOfClass>COM</titleOfClass>
        <cusip>023135106</cusip>
        <value>10966</value>
        <shrsOrPrnAmt>
            <sshPrnamt>72175</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1,2</otherManager>
        <votingAuthority>
            <Sole>72175</Sole>
            <Shared>0</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>VANGUARD INDEX FDS</nameOfIssuer>
        <titleOfClass>REAL ESTATE ETF</titleOfClass>
        <cusip>922908553</cusip>
        <value>173981</value>
        <shrsOrPrnAmt>
            <sshPrnamt>1968999</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1,2</otherManager>
        <votingAuthority>
            <Sole>1968999</Sole>
            <Shared>0</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>SELECT SECTOR SPDR TR</nameOfIssuer>
        <titleOfClass>TECHNOLOGY</titleOfClass>
        <cusip>81369Y803</cusip>
        <value>10447</value>
        <shrsOrPrnAmt>
            <sshPrnamt>54275</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1,2</otherManager>
        <votingAuthority>
            <Sole>54275</Sole>
            <Shared>0</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>INVESCO EXCHANGE TRADED FD T</nameOfIssuer>
        <titleOfClass>AEROSPACE DEFN</titleOfClass>
        <cusip>46137V100</cusip>
        <value>21137</value>
        <shrsOrPrnAmt>
            <sshPrnamt>229348</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1,2</otherManager>
        <votingAuthority>
            <Sole>229348</Sole>
            <Shared>0</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>FINANCIAL SELECT SECTOR SPDR</nameOfIssuer>
        <titleOfClass>TR UNIT</titleOfClass>
        <cusip>81369Y605</cusip>
        <value>38138</value>
        <shrsOrPrnAmt>
            <sshPrnamt>1014314</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1,2</otherManager>
        <votingAuthority>
            <Sole>1014314</Sole>
            <Shared>0</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>ISHARES TR</nameOfIssuer>
        <titleOfClass>MSCI USA etf</titleOfClass>
        <cusip>46429B598</cusip>
        <value>1708</value>
        <shrsOrPrnAmt>
            <sshPrnamt>35000</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1,2</otherManager>
        <votingAuthority>
            <Sole>35000</Sole>
            <Shared>0</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>SPIRIT AEROSYSTEMS HLDGS INC</nameOfIssuer>
        <titleOfClass>COM</titleOfClass>
        <cusip>83417M104</cusip>
        <value>2569</value>
        <shrsOrPrnAmt>
            <sshPrnamt>27450</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1,2</otherManager>
        <votingAuthority>
            <Sole>27450</Sole>
            <Shared>0</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>META PLATFORMS INC</nameOfIssuer>
        <titleOfClass>C CL A</titleOfClass>
        <cusip>30303M102</cusip>
        <value>7017</value>
        <shrsOrPrnAmt>
            <sshPrnamt>19823</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1,2</otherManager>
        <votingAuthority>
            <Sole>19823</Sole>
            <Shared>0</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>cste</nameOfIssuer>
        <titleOfClass>RD SHS</titleOfClass>
        <cusip>M20598104</cusip>
        <value>816</value>
        <shrsOrPrnAmt>
            <sshPrnamt>218172</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1,2</otherManager>
        <votingAuthority>
            <Sole>218172</Sole>
            <Shared>0</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>ISHARES TR</nameOfIssuer>
        <titleOfClass>U.S. MED DVC ETF</titleOfClass>
        <cusip>464288810</cusip>
        <value>12903</value>
        <shrsOrPrnAmt>
            <sshPrnamt>239082</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1,2</otherManager>
        <votingAuthority>
            <Sole>239082</Sole>
            <Shared>0</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>ISHARES TR</nameOfIssuer>
        <titleOfClass>US HOME CONS ETF</titleOfClass>
        <cusip>464288752</cusip>
        <value>2277</value>
        <shrsOrPrnAmt>
            <sshPrnamt>22384</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1,2</otherManager>
        <votingAuthority>
            <Sole>22384</Sole>
            <Shared>0</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>INMODE LTD</nameOfIssuer>
        <titleOfClass>SHS</titleOfClass>
        <cusip>M5425M103</cusip>
        <value>6422</value>
        <shrsOrPrnAmt>
            <sshPrnamt>288756</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1,2</otherManager>
        <votingAuthority>
            <Sole>288756</Sole>
            <Shared>0</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>WISDOMTREE TR</nameOfIssuer>
        <titleOfClass>EM EX ST-OWNED</titleOfClass>
        <cusip>97717X578</cusip>
        <value>1364</value>
        <shrsOrPrnAmt>
            <sshPrnamt>47241</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1,2</otherManager>
        <votingAuthority>
            <Sole>47241</Sole>
            <Shared>0</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
</informationTable>
