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 FIGI (to the nearest dollar) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
AEGON N V NY REGISTRY SHS 007924103   144,000 30,000 SH   DFND   30,000 0 0
ALCON AG ORD SHS H01301128   370,273 4,805 SH   DFND   4,805 0 0
ARGENX SE SPONSORED ADR 04016X101   516,212 1,050 SH   DFND   1,050 0 0
ASML HOLDING N V N Y REGISTRY SHS N07059210   1,058,411 1,798 SH   DFND   1,798 0 0
ASTRAZENECA PLC SPONSORED ADR 046353108   460,631 6,802 SH   DFND   6,802 0 0
BAIDU INC SPON ADR REP A 056752108   472,106 3,514 SH   DFND   3,514 0 0
BHP GROUP LTD SPONSORED ADS 088606108   5,571,624 97,954 SH   DFND   97,954 0 0
CNH INDL N V SHS N20944109   1,633,948 135,037 SH   DFND   135,037 0 0
COMPUGEN LTD ORD M25722105   67,529 72,612 SH   DFND   72,612 0 0
CRH PLC ORD G25508105   134,987,823 2,466,432 SH   DFND   2,466,432 0 0
DIREXION SHS ETF TR DLY SCOND 3XBU 25459W458   710,191 37,636 SH   DFND   37,636 0 0
ELBIT SYS LTD ORD M3760D101   1,231,832 6,222 SH   DFND   6,222 0 0
ENETI INC COM Y2294C107   828,153 82,158 SH   DFND   82,158 0 0
ENLIVEX THERAPEUTICS LTD COM M4130Y106   19,475 12,326 SH   DFND   12,326 0 0
ERICSSON ADR B SEK 10 294821608   344,370 70,858 SH   DFND   70,858 0 0
EURONAV NV SHS B38564108   556,008 33,841 SH   DFND   33,841 0 0
FERRARI N V COM N3167Y103   4,680,763 15,838 SH   DFND   15,838 0 0
GLOBAL X FDS LITHIUM BTRY ETF 37954Y855   3,857,431 69,919 SH   DFND   69,919 0 0
GSK PLC SPONSORED ADR 37733W204   435,326 12,009 SH   DFND   12,009 0 0
ICECURE MEDICAL LTD CAESAREA SHS NEW M53071136   8,433 15,200 SH   DFND   15,200 0 0
INFOSYS LTD SPONSORED ADR 456788108   757,528 44,274 SH   DFND   44,274 0 0
ING GROEP N.V. SPONSORED ADR 456837103   1,245,642 94,510 SH   DFND   94,510 0 0
ISHARES INC MSCI STH KOR ETF 464286772   2,131,447 36,163 SH   DFND   36,163 0 0
ISHARES INC MSCI TAIWAN ETF 46434G772   11,502,320 258,189 SH   DFND   258,189 0 0
ISHARES TR CHINA LG-CAP ETF 464287184   24,552,799 925,473 SH   DFND   925,473 0 0
ISHARES TR CORE US AGGBD ET 464287226   6,484,998 68,960 SH   DFND   68,960 0 0
ISHARES TR IBOXX INV CP ETF 464287242   73,907,369 724,440 SH   DFND   724,440 0 0
ISHARES TR 7-10 YR TRSY BD 464287440   1,649,261 18,007 SH   DFND   18,007 0 0
ISHARES TR ISHARES BIOTECH 464287556   865,202 7,075 SH   DFND   7,075 0 0
ISHARES TR JPMORGAN USD EMG 464288281   81,260,992 984,743 SH   DFND   984,743 0 0
ISHARES TR IBOXX HI YD ETF 464288513   10,632,562 144,229 SH   DFND   144,229 0 0
ISHARES TR 3 7 YR TREAS BD 464288661   4,054,183 35,827 SH   DFND   35,827 0 0
ISHARES TR U.S. MED DVC ETF 464288810   250,503 5,165 SH   DFND   5,165 0 0
ISHARES TR MSCI INDIA ETF 46429B598   11,071,140 250,365 SH   DFND   250,365 0 0
ISHARES TR MSCI CHINA ETF 46429B671   1,421,600 32,839 SH   DFND   32,839 0 0
KRANESHARES TR CSI CHI INTERNET 500767306   6,103,072 222,984 SH   DFND   222,984 0 0
LI AUTO INC SPONSORED ADS 50202M102   202,456 5,679 SH   DFND   5,679 0 0
LIVENT CORP COM 53814L108   1,739,966 94,512 SH   DFND   94,512 0 0
LUCID GROUP INC COM 549498103   314,717 56,300 SH   DFND   56,300 0 0
NATWEST GROUP PLC SPONS ADR 639057207   116,583 19,997 SH   DFND   19,997 0 0
NETEASE INC SPONSORED ADS 64110W102   1,946,509 19,434 SH   DFND   19,434 0 0
NEWMONT CORP COM 651639106   3,847,788 104,135 SH   DFND   104,135 0 0
NOKIA CORP SPONSORED ADR 654902204   103,160 27,583 SH   DFND   27,583 0 0
NOVA LTD COM M7516K103   267,832 2,382 SH   DFND   2,382 0 0
NOVARTIS AG SPONSORED ADR 66987V109   1,204,800 11,828 SH   DFND   11,828 0 0
NOVO-NORDISK A S ADR 670100205   2,366,895 26,027 SH   DFND   26,027 0 0
PRUDENTIAL PLC ADR 74435K204   951,810 43,422 SH   DFND   43,422 0 0
QIAGEN NV SHS NEW N72482123   2,259,009 55,778 SH   DFND   55,778 0 0
RELX PLC SPONSORED ADR 759530108   302,289 8,970 SH   DFND   8,970 0 0
SAP SE SPON ADR 803054204   337,655 2,611 SH   DFND   2,611 0 0
SELECT SECTOR SPDR TR SBI HEALTHCARE 81369Y209   1,552,733 12,061 SH   DFND   12,061 0 0
SELECT SECTOR SPDR TR TECHNOLOGY 81369Y803   1,222,262 7,456 SH   DFND   7,456 0 0
TAIWAN SEMICONDUCTOR MFG LTD SPONSORED ADS 874039100   1,243,018 14,304 SH   DFND   14,304 0 0
TOWER SEMICONDUCTOR LTD SHS NEW M87915274   1,423,399 57,956 SH   DFND   57,956 0 0
UBS GROUP AG SHS H42097107   276,918 11,234 SH   DFND   11,234 0 0
V F CORP COM 918204108   908,291 51,403 SH   DFND   51,403 0 0
VANECK ETF TRUST GOLD MINERS ETF 92189F106   378,032 14,048 SH   DFND   14,048 0 0
VANECK ETF TRUST SEMICONDUCTR ETF 92189F676   2,105,835 14,525 SH   DFND   14,525 0 0
VODAFONE GROUP PLC NEW SPONSORED ADR 92857W308   1,301,310 137,269 SH   DFND   137,269 0 0
WESTROCK CO COM 96145D105   2,357,072 65,840 SH   DFND   65,840 0 0