| | | |
| Security | Change | # Units | Value (Rm) | % Fund | # Units | Value (Rm) | % Fund |
| Ferrari N.V | 3,099 | 3,099 | 25.09 | 1.01 | 0 | 0.00 | 0.00 |
| Auto Total | 3,099 | 3,099 | 25.09 | 1.01 | 0 | 0.00 | 0.00 |
| Bank of New York Company Incorporated | 0 | 13,025 | 16.04 | 0.65 | 13,025 | 14.22 | 0.54 |
| Barclays Plc | 0 | 483,094 | 25.11 | 1.01 | 483,094 | 23.35 | 0.89 |
| Royal Bank of Canada | 0 | 14,049 | 30.09 | 1.21 | 14,049 | 27.28 | 1.04 |
| Banks Total | 0 | 510,168 | 71.25 | 2.87 | 510,168 | 64.85 | 2.47 |
| Anglo American Ltd | -39,610 | 103,246 | 57.92 | 2.33 | 142,856 | 82.52 | 3.14 |
| Barrick Gold | 0 | 128,550 | 43.95 | 1.77 | 128,550 | 39.41 | 1.50 |
| BHP Billiton UK | 0 | 35,117 | 38.35 | 1.55 | 35,117 | 36.73 | 1.40 |
| Basic Resources Total | -39,610 | 266,913 | 140.22 | 5.65 | 306,523 | 158.67 | 6.03 |
| iShares Global Government Bond | 0 | 65,133 | 105.17 | 4.24 | 65,133 | 105.56 | 4.01 |
| JPMorgan USD Ultra-Short Income UCITS ETF | 155,839 | 155,839 | 136.22 | 5.49 | 0 | 0.00 | 0.00 |
| Bonds Total | 155,839 | 220,972 | 241.38 | 9.73 | 65,133 | 105.56 | 4.01 |
| Cash on call | 0 | 0 | 82.79 | 3.34 | 0 | 95.43 | 3.63 |
| Cash on call Total | 0 | 0 | 82.79 | 3.34 | 0 | 95.43 | 3.63 |
| Thermo Fisher Scientific Inc | 1,228 | 2,510 | 26.58 | 1.07 | 1,282 | 13.02 | 0.50 |
| Chemicals Total | 1,228 | 2,510 | 26.58 | 1.07 | 1,282 | 13.02 | 0.50 |
| Alphabet Inc A | 0 | 17,847 | 50.35 | 2.03 | 17,847 | 60.02 | 2.28 |
| Booking Holdings | -143 | 174 | 12.55 | 0.51 | 317 | 23.28 | 0.89 |
| ELF Beauty Inc | -9,400 | 0 | 0.00 | 0.00 | 9,400 | 36.38 | 1.38 |
| Hermes International | 0 | 8,690 | 36.92 | 1.49 | 8,690 | 36.48 | 1.39 |
| Hilton Worldwide Holdings Inc | -3,088 | 8,060 | 32.09 | 1.29 | 11,148 | 44.34 | 1.69 |
| Lennar Corporation | 0 | 6,843 | 22.00 | 0.89 | 6,843 | 18.81 | 0.72 |
| McDonald's Corporation | 0 | 4,552 | 23.87 | 0.96 | 4,552 | 21.47 | 0.82 |
| Netflix Inc | 0 | 3,545 | 43.22 | 1.74 | 3,545 | 44.11 | 1.68 |
| Uber Technologies | -18,375 | 0 | 0.00 | 0.00 | 18,375 | 24.45 | 0.93 |
| Cyclical Goods & Services Total | -31,006 | 49,711 | 221.00 | 8.91 | 80,717 | 309.34 | 11.76 |
| ChevronTexaco Corp | 0 | 17,096 | 43.15 | 1.74 | 17,096 | 49.04 | 1.86 |
| Energy Total | 0 | 17,096 | 43.15 | 1.74 | 17,096 | 49.04 | 1.86 |
| iShares MSCI Eurozone ETF | 0 | 30,000 | 27.03 | 1.09 | 30,000 | 26.72 | 1.02 |
| iShares MSCI Japan ETF | -19,465 | 24,916 | 30.77 | 1.24 | 44,381 | 55.52 | 2.11 |
| LVMH Moet Hennessy | 0 | 1,960 | 26.14 | 1.05 | 1,960 | 27.45 | 1.04 |
| Equities Total | -19,465 | 56,876 | 83.94 | 3.38 | 76,341 | 109.69 | 4.17 |
| Blackstone Group LP | 0 | 10,819 | 28.58 | 1.15 | 10,819 | 24.88 | 0.95 |
| Mastercard Inc | 0 | 4,123 | 35.08 | 1.41 | 4,123 | 33.72 | 1.28 |
| MSCI Inc | 0 | 4,174 | 41.62 | 1.68 | 4,174 | 37.13 | 1.41 |
| Financial Services Total | 0 | 19,116 | 105.28 | 4.24 | 19,116 | 95.72 | 3.64 |
| JP Morgan Chase & Company | -28,353 | 27,486 | 99.26 | 4.00 | 55,839 | 51.46 | 1.96 |
| Financials Total | -28,353 | 27,486 | 99.26 | 4.00 | 55,839 | 51.46 | 1.96 |
| Coca Cola | 16,571 | 16,571 | 20.59 | 0.83 | 0 | 0.00 | 0.00 |
| Monster Beverage Corporation | -18,411 | 0 | 0.00 | 0.00 | 18,411 | 16.91 | 0.64 |
| Nestle SA | -5,946 | 11,971 | 20.78 | 0.84 | 17,917 | 33.45 | 1.27 |
| Food & Beverage Total | -7,786 | 28,542 | 41.37 | 1.67 | 36,328 | 50.36 | 1.91 |
| European - Currency | 0 | 0 | 0.95 | 0.04 | 0 | 0.97 | 0.04 |
| United Kingdom - Currency | 0 | 0 | 29.04 | 1.17 | 0 | 8.98 | 0.34 |
| USA - Currency | 0 | 0 | 75.42 | 3.04 | 0 | 240.30 | 9.14 |
| For Currency Total | 0 | 0 | 105.41 | 4.25 | 0 | 250.24 | 9.51 |
| Simon Property Group Incorporated | 0 | 14,081 | 40.79 | 1.64 | 14,081 | 38.72 | 1.47 |
| Foreign Property Total | 0 | 14,081 | 40.79 | 1.64 | 14,081 | 38.72 | 1.47 |
| ASML Holding NV | 0 | 2,831 | 40.68 | 1.64 | 2,831 | 53.75 | 2.04 |
| Caterpillar Inc | 0 | 7,459 | 50.41 | 2.03 | 7,459 | 45.36 | 1.72 |
| Fastenal Company | 0 | 15,112 | 18.55 | 0.75 | 15,112 | 17.52 | 0.67 |
| GE Vernova Inc | 0 | 1,951 | 8.41 | 0.34 | 1,951 | 6.14 | 0.23 |
| General Electric Company | 0 | 10,503 | 33.57 | 1.35 | 10,503 | 30.77 | 1.17 |
| Procter & Gamble Company | 0 | 11,945 | 35.77 | 1.44 | 11,945 | 36.35 | 1.38 |
| Vertiv Holdings | 0 | 18,641 | 31.35 | 1.26 | 18,641 | 29.70 | 1.13 |
| Waste Management | 0 | 11,301 | 40.25 | 1.62 | 11,301 | 43.98 | 1.67 |
| XPO Logistics Incorporated | 0 | 16,896 | 32.53 | 1.31 | 16,896 | 32.95 | 1.25 |
| Goods & Services Total | 0 | 96,639 | 291.52 | 11.75 | 96,639 | 296.51 | 11.27 |
| Amgen Incorporated | 3,161 | 6,426 | 35.68 | 1.44 | 3,265 | 18.81 | 0.72 |
| Eli Lilly & Company | -1,370 | 5,214 | 78.69 | 3.17 | 6,584 | 109.89 | 4.18 |
| Intuitive Surgical Inc | 2,714 | 5,728 | 48.18 | 1.94 | 3,014 | 24.53 | 0.93 |
| Johnson & Johnson | -27,486 | 0 | 0.00 | 0.00 | 27,486 | 101.33 | 3.85 |
| Pfizer Incorporated | 33,458 | 60,108 | 30.13 | 1.21 | 26,650 | 13.65 | 0.52 |
| United Health Group | 550 | 5,117 | 51.64 | 2.08 | 4,567 | 41.71 | 1.59 |
| Healthcare Total | 11,027 | 82,593 | 244.33 | 9.85 | 71,566 | 309.93 | 11.78 |
| Prudential Plc | 0 | 21,968 | 45.75 | 1.84 | 21,968 | 47.38 | 1.80 |
| Insurance Total | 0 | 21,968 | 45.75 | 1.84 | 21,968 | 47.38 | 1.80 |
| Colgate Palmolive | 21,697 | 21,697 | 38.85 | 1.57 | 0 | 0.00 | 0.00 |
| Costco Wholesale Corporation | 0 | 3,015 | 46.48 | 1.87 | 3,015 | 47.14 | 1.79 |
| Visa Inc | 0 | 9,360 | 44.32 | 1.79 | 9,360 | 45.78 | 1.74 |
| Retail Total | 21,697 | 34,072 | 129.65 | 5.23 | 12,375 | 92.92 | 3.53 |
| Advanced Micro Devices | -6,813 | 6,768 | 19.06 | 0.77 | 13,581 | 40.92 | 1.56 |
| Amazon.Com | 0 | 19,833 | 63.34 | 2.55 | 19,833 | 71.22 | 2.71 |
| Apple Computer Company | 4,000 | 18,505 | 73.72 | 2.97 | 14,505 | 56.85 | 2.16 |
| Cadence Design Systems Incorporated | 5,024 | 5,024 | 23.44 | 0.95 | 0 | 0.00 | 0.00 |
| Fortinet Inc | -16,343 | 0 | 0.00 | 0.00 | 16,343 | 18.08 | 0.69 |
| Meta Platforms Inc | 0 | 4,666 | 45.73 | 1.84 | 4,666 | 44.09 | 1.68 |
| Microsoft Corporation | 0 | 11,700 | 85.96 | 3.47 | 11,700 | 97.08 | 3.69 |
| Nvidia Corporation | -8,252 | 48,468 | 100.06 | 4.03 | 56,720 | 130.77 | 4.97 |
| Palo Alto Networks Inc | 0 | 5,174 | 30.56 | 1.23 | 5,174 | 32.27 | 1.23 |
| Technology Total | -22,384 | 120,138 | 441.87 | 17.81 | 142,522 | 491.27 | 18.68 |
| Portfolio Total | 44,286 | 1,571,980 | 2,480.62 | 100.00 | 1,527,694 | 2,630.09 | 100.00 |