# EDGAR Filing Document

**Accession Number:** 0001642216
**File Stem:** 0001178913-23-000103
**Filing Date:** 2023-1
**Character Count:** 14900
**Document Hash:** 9e5a5073526a1e64f9a1a27227c6cc30
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001178913-23-000103.hdr.sgml**: 20230109

**ACCESSION NUMBER**: 0001178913-23-000103

**CONFORMED SUBMISSION TYPE**: 13F-HR

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230109

**DATE AS OF CHANGE**: 20230109

**EFFECTIVENESS DATE**: 20230109

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Ayalon Insurance Comp Ltd.
- **CENTRAL INDEX KEY:** 0001642216
- **IRS NUMBER:** 000000000
- **STATE OF INCORPORATION:** L3
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-16935
- **FILM NUMBER:** 23516483

**BUSINESS ADDRESS:**
- **STREET 1:** 12 ABBA HILLEL SILVER STREET
- **CITY:** RAMAT GAN
- **STATE:** L3
- **ZIP:** 52008
- **BUSINESS PHONE:** 972-3-7569959

**MAIL ADDRESS:**
- **STREET 1:** 12 ABBA HILLEL SILVER STREET
- **CITY:** RAMAT GAN
- **STATE:** L3
- **ZIP:** 52008

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Ayalon Holdings Ltd.
- **DATE OF NAME CHANGE:** 20150512

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 12-31-2022

**Check here if Amendment** [ ] **Amendment Number:** 

**This Amendment (Check only one.):** [ ] is a restatement.

[ ] adds new holdings entries.

**Institutional Investment Manager Filing this Report:**

**Name:** Ayalon Insurance Comp Ltd.<br>**Address:** 12 Abba Hillel Silver Street<br>Ramat Gan, L3 52008

**Form 13F File Number:** 028-16935

The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form.

**Person Signing this Report on Behalf of Reporting Manager:**

**Name:** Avigdor Kaplan / Sharon Reich<br>**Title:** Chairman / CEO<br>**Phone:** 972-3-7569959

**Signature, Place, and Date of Signing:**

/s/Avigdor Kaplan /s/Sharon Reich  Ramat Gan, L3  01-09-2023<br>[Signature]  [City, State]  [Date]

**Report Type (Check only one.):**

[x] **13F HOLDINGS REPORT.** (Check here if all holdings of this reporting manager are reported in this report.)

[ ] **13F NOTICE.** (Check here if no holdings are reported in this report, and all holdings are reported by other reporting manager(s).)

[ ] **13F COMBINATION REPORT.** (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).)

### Form 13F Summary Page

**Report Summary:**

**Number of Other Included Managers:** 0

**Form 13F Information Table Entry Total:** 108

**Form 13F Information Table Value Total:** $212153

      (round to nearest dollar)

**List of Other Included Managers:**

Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report.

[If there are no entries in this list, state “NONE” and omit the column headings and list entries.]

**NONE**

### FORM 13F INFORMATION TABLE

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | VOTING AUTHORITY | VOTING AUTHORITY | VOTING AUTHORITY |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | SOLE | SHARED | NONE |
| Health Care Select Sector SPDR Fund | ETP | 81369Y209 |  | 16999 | 125128 | SH |  | DFND |  | 125128 | 0 | 0 |
| Technology Select Sector SPDR Fund | ETP | 81369Y803 |  | 14015 | 112622 | SH |  | DFND |  | 112622 | 0 | 0 |
| Industrial Select Sector SPDR Fund | ETP | 81369Y704 |  | 12192 | 124140 | SH |  | DFND |  | 124140 | 0 | 0 |
| Vanguard Financials ETF | ETP | 92204A405 |  | 11487 | 138845 | SH |  | DFND |  | 138845 | 0 | 0 |
| iShares MSCI ACWI ETF | ETP | 464288257 |  | 10947 | 128965 | SH |  | DFND |  | 128965 | 0 | 0 |
| Consumer Discretionary Select Sector SPDR Fund | ETP | 81369Y407 |  | 9771 | 75654 | SH |  | DFND |  | 75654 | 0 | 0 |
| Consumer Staples Select Sector SPDR Fund | ETP | 81369Y308 |  | 6601 | 88548 | SH |  | DFND |  | 88548 | 0 | 0 |
| Apple Inc | Common Stock | 037833100 |  | 6479 | 49847 | SH |  | DFND |  | 49847 | 0 | 0 |
| Vanguard S 500 ETF | ETP | 922908363 |  | 5758 | 16389 | SH |  | DFND |  | 16389 | 0 | 0 |
| SPDR S 500 ETF Trust | ETP | 78462F103 |  | 5283 | 13768 | SH |  | DFND |  | 13768 | 0 | 0 |
| Communication Services Select Sector SPDR Fund | ETP | 81369Y852 |  | 5064 | 105523 | SH |  | DFND |  | 105523 | 0 | 0 |
| iShares Global Energy ETF | ETP | 464287341 |  | 5021 | 128770 | SH |  | DFND |  | 128770 | 0 | 0 |
| Invesco QQQ Trust Series 1 | ETP | 46138E354 |  | 4794 | 18004 | SH |  | DFND |  | 18004 | 0 | 0 |
| Energy Select Sector SPDR Fund | ETP | 81369Y506 |  | 4377 | 50045 | SH |  | DFND |  | 50045 | 0 | 0 |
| Invesco S 500 Low Volatility ETF | ETP | 46090E103 |  | 4144 | 64853 | SH |  | DFND |  | 64853 | 0 | 0 |
| iShares Global Healthcare ETF | ETP | 464287325 |  | 3880 | 45710 | SH |  | DFND |  | 45710 | 0 | 0 |
| Microsoft Corp | Common Stock | 594918104 |  | 3732 | 15563 | SH |  | DFND |  | 15563 | 0 | 0 |
| Materials Select Sector SPDR Fund | ETP | 81369Y100 |  | 3695 | 47563 | SH |  | DFND |  | 47563 | 0 | 0 |
| iShares Global Financials ETF | ETP | 464287333 |  | 3516 | 50033 | SH |  | DFND |  | 50033 | 0 | 0 |
| iShares Expanded Tech-Software Sector ETF | ETP | 464287515 |  | 3426 | 13389 | SH |  | DFND |  | 13389 | 0 | 0 |
| iShares Core High Dividend ETF | ETP | 46429B663 |  | 3080 | 29551 | SH |  | DFND |  | 29551 | 0 | 0 |
| Invesco S Emerging Markets Low Volatility ETF | ETP | 46138E297 |  | 3005 | 130580 | SH |  | DFND |  | 130580 | 0 | 0 |
| WisdomTree Japan Hedged Equity Fund | ETP | 97717W851 |  | 2792 | 43434 | SH |  | DFND |  | 43434 | 0 | 0 |
| Alphabet Inc | Common Stock | 02079K305 |  | 2298 | 26040 | SH |  | DFND |  | 26040 | 0 | 0 |
| Utilities Select Sector SPDR Fund | ETP | 81369Y886 |  | 1952 | 27687 | SH |  | DFND |  | 27687 | 0 | 0 |
| JPMorgan US Quality Factor ETF | ETP | 46641Q761 |  | 1938 | 50004 | SH |  | DFND |  | 50004 | 0 | 0 |
| Franklin U.S. Low Volatility ETF | ETP | 35473P504 |  | 1923 | 41618 | SH |  | DFND |  | 41618 | 0 | 0 |
| iShares Core S 500 ETF | ETP | 464287200 |  | 1865 | 4855 | SH |  | DFND |  | 4855 | 0 | 0 |
| Fidelity Nasdaq Composite Index ETF | ETP | 315912808 |  | 1788 | 43649 | SH |  | DFND |  | 43649 | 0 | 0 |
| SPDR S Insurance ETF | ETP | 78464A789 |  | 1763 | 43060 | SH |  | DFND |  | 43060 | 0 | 0 |
| iShares MSCI Hong Kong ETF | ETP | 464286871 |  | 1695 | 80688 | SH |  | DFND |  | 80688 | 0 | 0 |
| SPDR Dow Jones Industrial Average ETF Trust | ETP | 78467X109 |  | 1653 | 4979 | SH |  | DFND |  | 4979 | 0 | 0 |
| iShares US Aerospace  Defense ETF | ETP | 464288760 |  | 1564 | 13980 | SH |  | DFND |  | 13980 | 0 | 0 |
| Vanguard Information Technology ETF | ETP | 92204A702 |  | 1500 | 4695 | SH |  | DFND |  | 4695 | 0 | 0 |
| Invesco S 500 High Beta ETF | ETP | 46138E370 |  | 1372 | 22009 | SH |  | DFND |  | 22009 | 0 | 0 |
| iShares U.S. Medical Devices ETF | ETP | 464288810 |  | 1344 | 25558 | SH |  | DFND |  | 25558 | 0 | 0 |
| iShares MSCI Global Metals  Mining Producers ETF | ETP | 46434G848 |  | 1340 | 32690 | SH |  | DFND |  | 32690 | 0 | 0 |
| iShares US Technology ETF | ETP | 464287721 |  | 1299 | 17443 | SH |  | DFND |  | 17443 | 0 | 0 |
| iShares U.S. Broker-Dealers  Securities Exchanges ETF | ETP | 464288794 |  | 1279 | 13300 | SH |  | DFND |  | 13300 | 0 | 0 |
| Coca-Cola Co/The | Common Stock | 191216100 |  | 1232 | 19370 | SH |  | DFND |  | 19370 | 0 | 0 |
| iShares U.S. Healthcare Providers ETF | ETP | 464288828 |  | 1224 | 4573 | SH |  | DFND |  | 4573 | 0 | 0 |
| Visa Inc | Common Stock | 92826C839 |  | 1216 | 5847 | SH |  | DFND |  | 5847 | 0 | 0 |
| SolarEdge Technologies Inc | Common Stock | 83417M104 |  | 1197 | 4227 | SH |  | DFND |  | 4227 | 0 | 0 |
| Mastercard Inc | Common Stock | 57636Q104 |  | 1155 | 3322 | SH |  | DFND |  | 3322 | 0 | 0 |
| First Trust NASDAQ Technology Dividend Index Fund | ETP | 33738R118 |  | 1128 | 23603 | SH |  | DFND |  | 23603 | 0 | 0 |
| Amazon.com Inc | Common Stock | 023135106 |  | 1124 | 13370 | SH |  | DFND |  | 13370 | 0 | 0 |
| Procter  Gamble Co/The | Common Stock | 742718109 |  | 1064 | 7020 | SH |  | DFND |  | 7020 | 0 | 0 |
| iShares MSCI Brazil ETF | ETP | 464286400 |  | 1060 | 37895 | SH |  | DFND |  | 37895 | 0 | 0 |
| Deere  Co | Common Stock | 244199105 |  | 1026 | 2390 | SH |  | DFND |  | 2390 | 0 | 0 |
| JPMorgan US Momentum Factor ETF | ETP | 46641Q779 |  | 1010 | 26790 | SH |  | DFND |  | 26790 | 0 | 0 |
| Walmart Inc | Common Stock | 931142103 |  | 991 | 6968 | SH |  | DFND |  | 6968 | 0 | 0 |
| Financial Select Sector SPDR Fund | ETP | 81369Y605 |  | 979 | 28613 | SH |  | DFND |  | 28613 | 0 | 0 |
| First Trust NASDAQ-100 Technology Index Fund | ETP | 337345102 |  | 943 | 8963 | SH |  | DFND |  | 8963 | 0 | 0 |
| Home Depot Inc/The | Common Stock | 437076102 |  | 935 | 2960 | SH |  | DFND |  | 2960 | 0 | 0 |
| Vanguard S 500 Growth ETF | ETP | 921932505 |  | 885 | 4197 | SH |  | DFND |  | 4197 | 0 | 0 |
| SPDR Portfolio S 500 High Dividend ETF | ETP | 78468R788 |  | 872 | 22031 | SH |  | DFND |  | 22031 | 0 | 0 |
| SPDR Portfolio S 500 Growth ETF | ETP | 78464A409 |  | 867 | 17105 | SH |  | DFND |  | 17105 | 0 | 0 |
| NVIDIA Corp | Common Stock | 67066G104 |  | 863 | 5904 | SH |  | DFND |  | 5904 | 0 | 0 |
| Bank of America Corp | Common Stock | 060505104 |  | 847 | 25503 | SH |  | DFND |  | 25503 | 0 | 0 |
| NextEra Energy Inc | Common Stock | 65339F101 |  | 839 | 10030 | SH |  | DFND |  | 10030 | 0 | 0 |
| Alibaba Group Holding Ltd | ADR | 01609W102 |  | 825 | 9365 | SH |  | DFND |  | 9365 | 0 | 0 |
| Invesco Exchange-Traded Fund Trust - Invesco S 500 Pure Value ETF | ETP | 46137V258 |  | 817 | 10471 | SH |  | DFND |  | 10471 | 0 | 0 |
| American Tower Corp | REIT | 03027X100 |  | 816 | 3830 | SH |  | DFND |  | 3830 | 0 | 0 |
| UnitedHealth Group Inc | Common Stock | 91324P102 |  | 801 | 1510 | SH |  | DFND |  | 1510 | 0 | 0 |
| Taiwan Semiconductor Manufacturing Co Ltd | ADR | 874039100 |  | 734 | 9811 | SH |  | DFND |  | 9811 | 0 | 0 |
| VanEck Semiconductor ETF | ETP | 92189F676 |  | 726 | 3578 | SH |  | DFND |  | 3578 | 0 | 0 |
| Invesco S SmallCap 600 Pure Value ETF | ETP | 46137V167 |  | 720 | 8147 | SH |  | DFND |  | 8147 | 0 | 0 |
| iShares MSCI Emerging Markets ETF | ETP | 464287234 |  | 706 | 18634 | SH |  | DFND |  | 18634 | 0 | 0 |
| iShares MSCI USA Momentum Factor ETF | ETP | 46432F396 |  | 683 | 4683 | SH |  | DFND |  | 4683 | 0 | 0 |
| Vanguard Value ETF | ETP | 922908744 |  | 682 | 4859 | SH |  | DFND |  | 4859 | 0 | 0 |
| Schwab U.S. Large-Cap Value ETF | ETP | 808524409 |  | 682 | 10323 | SH |  | DFND |  | 10323 | 0 | 0 |
| Thor Industries Inc | Common Stock | 885160101 |  | 637 | 8407 | SH |  | DFND |  | 8407 | 0 | 0 |
| First Trust Dow Jones Internet Index Fund | ETP | 33738R118 |  | 586 | 4757 | SH |  | DFND |  | 4757 | 0 | 0 |
| WisdomTree Europe Hedged Equity Fund | ETP | 97717X701 |  | 567 | 8106 | SH |  | DFND |  | 8106 | 0 | 0 |
| iShares Russell 2000 ETF | ETP | 464287655 |  | 559 | 3208 | SH |  | DFND |  | 3208 | 0 | 0 |
| Global X Cybersecurity ETF | ETP | 37954Y384 |  | 380 | 18290 | SH |  | DFND |  | 18290 | 0 | 0 |
| Sunrun Inc | Common Stock | 86771W105 |  | 379 | 15798 | SH |  | DFND |  | 15798 | 0 | 0 |
| US Global Jets ETF | ETP | 26922A842 |  | 360 | 21063 | SH |  | DFND |  | 21063 | 0 | 0 |
| Uber Technologies Inc | Common Stock | 90353T100 |  | 322 | 13032 | SH |  | DFND |  | 13032 | 0 | 0 |
| Alphabet Inc | Common Stock | 02079K107 |  | 284 | 3200 | SH |  | DFND |  | 3200 | 0 | 0 |
| Micron Technology Inc | Common Stock | 595112103 |  | 266 | 5317 | SH |  | DFND |  | 5317 | 0 | 0 |
| PayPal Holdings Inc | Common Stock | 70450Y103 |  | 228 | 3206 | SH |  | DFND |  | 3206 | 0 | 0 |
| SkyWest Inc | Common Stock | 830879102 |  | 223 | 13523 | SH |  | DFND |  | 13523 | 0 | 0 |
| Johnson  Johnson | Common Stock | 478160104 |  | 155 | 879 | SH |  | DFND |  | 879 | 0 | 0 |
| iShares U.S. Oil  Gas Exploration  Production ETF | ETP | 464288851 |  | 131 | 1410 | SH |  | DFND |  | 1410 | 0 | 0 |
| iShares MSCI USA Quality Factor ETF | ETP | 46432F339 |  | 116 | 1015 | SH |  | DFND |  | 1015 | 0 | 0 |
| Real Estate Select Sector SPDR Fund | ETP | 81369Y860 |  | 89 | 2400 | SH |  | DFND |  | 2400 | 0 | 0 |
| JPMorgan Chase  Co | Common Stock | 46625H100 |  | 75 | 563 | SH |  | DFND |  | 563 | 0 | 0 |
| Wisdomtree Emerging Markets EX-State-Owned Enterprises Fund | ETP | 97717X578 |  | 70 | 2628 | SH |  | DFND |  | 2628 | 0 | 0 |
| SPDR S Aerospace  Defense ETF | ETP | 78464A631 |  | 69 | 630 | SH |  | DFND |  | 630 | 0 | 0 |
| Nutrien Ltd | Common Stock | 67077M108 |  | 66 | 910 | SH |  | DFND |  | 910 | 0 | 0 |
| SPDR S Homebuilders ETF | ETP | 78464A888 |  | 43 | 712 | SH |  | DFND |  | 712 | 0 | 0 |
| iShares US Transportation ETF | ETP | 464287192 |  | 37 | 175 | SH |  | DFND |  | 175 | 0 | 0 |
| Invesco KBW Bank ETF | ETP | 46138E628 |  | 26 | 501 | SH |  | DFND |  | 501 | 0 | 0 |
| Goldman Sachs Group Inc/The | Common Stock | 38141G104 |  | 25 | 72 | SH |  | DFND |  | 72 | 0 | 0 |
| Vanguard FTSE Emerging Markets ETF | ETP | 922042858 |  | 21 | 550 | SH |  | DFND |  | 550 | 0 | 0 |
| iShares MSCI Japan ETF | ETP | 46434G822 |  | 21 | 388 | SH |  | DFND |  | 388 | 0 | 0 |
| S Global Inc | Common Stock | 78409V104 |  | 21 | 62 | SH |  | DFND |  | 62 | 0 | 0 |
| Blackstone Inc | Common Stock | 09260D107 |  | 20 | 265 | SH |  | DFND |  | 265 | 0 | 0 |
| Viatris Inc | Common Stock | 92556V106 |  | 19 | 1711 | SH |  | DFND |  | 1711 | 0 | 0 |
| FedEx Corp | Common Stock | 31428X106 |  | 17 | 100 | SH |  | DFND |  | 100 | 0 | 0 |
| India Fund Inc/The | Closed-End Fund | 454089103 |  | 15 | 900 | SH |  | DFND |  | 900 | 0 | 0 |
| JD.com Inc | ADR | 47215P106 |  | 12 | 220 | SH |  | DFND |  | 220 | 0 | 0 |
| ETFMG Prime Mobile Payments ETF | ETP | 26924G409 |  | 10 | 245 | SH |  | DFND |  | 245 | 0 | 0 |
| Palo Alto Networks Inc | Common Stock | 697435105 |  | 8 | 60 | SH |  | DFND |  | 60 | 0 | 0 |
| Vanguard Consumer Discretionary ETF | ETP | 92204A108 |  | 7 | 30 | SH |  | DFND |  | 30 | 0 | 0 |
| KraneShares Bosera MSCI China A 50 Connect Index ETF | ETP | 500767405 |  | 6 | 221 | SH |  | DFND |  | 221 | 0 | 0 |
| iShares MSCI Taiwan ETF | ETP | 46434G772 |  | 3 | 75 | SH |  | DFND |  | 75 | 0 | 0 |

---