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Investor Presentaiton

Rolling Correlations (Local Returns) ⚫ The exhibit below shows the 3-year pairwise rolling correlations between weekly gross local index returns of the MSCI Israel Index against select standard regional indexes. 3-Year Pairwise Rolling Correlations of Israel Against Select Regional Indexes Correlation 0.7 0.6 0.5 0.4 0.3 0.2 0.1 Reclassification to DM 0.0 '10 '11 '12 '13 '14 '15 '16 '17 '18 '19 '20 '21 World Europe Pacific EM GCC Countries MSCI Data from November 30, 2006 to November 30, 2021 in local index returns The GCC Countries International Indexes were launched on June 4, 2015, with index levels history since June 2014. Rolling correlations in USD index returns are available in the appendix. Please see the disclosure at the end of this document regarding simulated and back tested data. Information Classification: GENERAL 10 10
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