| | | |
| Security | Change | # Units | Value (Rm) | % Fund | # Units | Value (Rm) | % Fund |
| Ferrari N.V | 0 | 513 | 4.28 | 1.07 | 513 | 4.47 | 1.16 |
| Auto Total | 0 | 513 | 4.28 | 1.07 | 513 | 4.47 | 1.16 |
| Barclays Plc | 0 | 67,670 | 6.02 | 1.51 | 67,670 | 5.56 | 1.45 |
| Banks Total | 0 | 67,670 | 6.02 | 1.51 | 67,670 | 5.56 | 1.45 |
| Anglo American Ltd | 0 | 8,054 | 5.20 | 1.31 | 8,054 | 4.23 | 1.10 |
| Barrick Gold | 0 | 15,663 | 8.85 | 2.23 | 15,663 | 5.72 | 1.49 |
| BHP Billiton UK | 0 | 4,092 | 3.98 | 1.00 | 4,092 | 3.49 | 0.91 |
| Rheinmetal Berlin | 0 | 87 | 3.49 | 0.88 | 87 | 3.24 | 0.84 |
| Basic Resources Total | 0 | 27,896 | 21.52 | 5.41 | 27,896 | 16.68 | 4.34 |
| SA Bond R2040 | 15,650,000 | 15,650,000 | 14.58 | 3.67 | 0 | 0.00 | 0.00 |
| Bond Total | 15,650,000 | 15,650,000 | 14.58 | 3.67 | 0 | 0.00 | 0.00 |
| iShares Global Government Bond | -5,547 | 0 | 0.00 | 0.00 | 5,547 | 9.15 | 2.38 |
| JPMorgan USD Ultra-Short Income UCITS ETF | -7,489 | 2,164 | 1.90 | 0.48 | 9,653 | 8.69 | 2.26 |
| Bonds Total | -13,036 | 2,164 | 1.90 | 0.48 | 15,200 | 17.84 | 4.64 |
| Cash on call | 0 | 0 | 27.74 | 6.97 | 0 | 18.57 | 4.84 |
| Cash on call Total | 0 | 0 | 27.74 | 6.97 | 0 | 18.57 | 4.84 |
| Thermo Fisher Scientific Inc | -1,238 | 0 | 0.00 | 0.00 | 1,238 | 4.98 | 1.30 |
| Chemicals Total | -1,238 | 0 | 0.00 | 0.00 | 1,238 | 4.98 | 1.30 |
| Booking Holdings | 0 | 27 | 2.55 | 0.64 | 27 | 2.75 | 0.72 |
| Hermes International | 0 | 1,009 | 4.33 | 1.09 | 1,009 | 4.86 | 1.27 |
| Hilton Worldwide Holdings Inc | 0 | 1,214 | 5.50 | 1.38 | 1,214 | 5.72 | 1.49 |
| Netflix Inc | 0 | 422 | 8.80 | 2.21 | 422 | 9.96 | 2.59 |
| Cyclical Goods & Services Total | 0 | 2,672 | 21.17 | 5.32 | 2,672 | 23.29 | 6.06 |
| ChevronTexaco Corp | 0 | 2,145 | 5.79 | 1.45 | 2,145 | 5.48 | 1.43 |
| Energy Total | 0 | 2,145 | 5.79 | 1.45 | 2,145 | 5.48 | 1.43 |
| iShares Global REIT ETF | -139,494 | 0 | 0.00 | 0.00 | 139,494 | 3.08 | 0.80 |
| Ishares MSCI AC Far East Ex-Japan | 2,149 | 2,149 | 3.38 | 0.85 | 0 | 0.00 | 0.00 |
| iShares MSCI All Country Asia Ex Japan ETF | -2,149 | 0 | 0.00 | 0.00 | 2,149 | 3.15 | 0.82 |
| iShares MSCI Eurozone ETF | 0 | 7,104 | 7.55 | 1.90 | 7,104 | 7.49 | 1.95 |
| iShares MSCI Japan ETF | 0 | 4,599 | 6.40 | 1.61 | 4,599 | 6.13 | 1.59 |
| Equities Total | -139,494 | 13,852 | 17.33 | 4.36 | 153,346 | 19.84 | 5.17 |
| NewGold | 0 | 11,102 | 6.77 | 1.70 | 11,102 | 6.00 | 1.56 |
| Exchange Traded Funds Total | 0 | 11,102 | 6.77 | 1.70 | 11,102 | 6.00 | 1.56 |
| Deutsche Boerse AG | 0 | 429 | 1.99 | 0.50 | 429 | 2.48 | 0.64 |
| Mastercard Inc | 0 | 584 | 5.73 | 1.44 | 584 | 5.75 | 1.50 |
| Mercadolibre Inc | 66 | 66 | 2.85 | 0.72 | 0 | 0.00 | 0.00 |
| MSCI Inc | 99 | 598 | 5.88 | 1.48 | 499 | 5.06 | 1.32 |
| Financial Services Total | 165 | 1,677 | 16.46 | 4.14 | 1,512 | 13.29 | 3.46 |
| JP Morgan Chase & Company | 0 | 2,624 | 14.32 | 3.60 | 2,624 | 13.58 | 3.54 |
| Financials Total | 0 | 2,624 | 14.32 | 3.60 | 2,624 | 13.58 | 3.54 |
| Coca Cola | -670 | 1,948 | 2.24 | 0.56 | 2,618 | 3.29 | 0.86 |
| Food & Beverage Total | -670 | 1,948 | 2.24 | 0.56 | 2,618 | 3.29 | 0.86 |
| Canada - Currency | 0 | 0 | 0.79 | 0.20 | 0 | 0.83 | 0.22 |
| European - Currency | 0 | 0 | 2.78 | 0.70 | 0 | 2.86 | 0.74 |
| United Kingdom - Currency | 0 | 0 | 0.19 | 0.05 | 0 | 0.73 | 0.19 |
| USA - Currency | 0 | 0 | 28.87 | 7.26 | 0 | 36.77 | 9.57 |
| For Currency Total | 0 | 0 | 32.63 | 8.20 | 0 | 41.19 | 10.72 |
| Foreign - Equities | 0 | 0 | 8.59 | 2.16 | 0 | 0.74 | 0.19 |
| Foreign Invest Total | 0 | 0 | 8.59 | 2.16 | 0 | 0.74 | 0.19 |
| Millrose Properties Inc | -490 | 0 | 0.00 | 0.00 | 490 | 0.25 | 0.07 |
| Simon Property Group Incorporated | 0 | 1,828 | 5.87 | 1.48 | 1,828 | 5.17 | 1.35 |
| Foreign Property Total | -490 | 1,828 | 5.87 | 1.48 | 2,318 | 5.42 | 1.41 |
| Caterpillar Inc | 0 | 639 | 5.21 | 1.31 | 639 | 4.39 | 1.14 |
| Fastenal Company | 0 | 4,238 | 3.58 | 0.90 | 4,238 | 3.15 | 0.82 |
| GE Vernova Inc | 0 | 511 | 5.32 | 1.34 | 511 | 4.78 | 1.25 |
| General Electric Company | -1,691 | 0 | 0.00 | 0.00 | 1,691 | 7.67 | 2.00 |
| Philip Morris International | -391 | 1,136 | 3.20 | 0.80 | 1,527 | 4.95 | 1.29 |
| Procter & Gamble Company | -335 | 973 | 2.58 | 0.65 | 1,308 | 3.69 | 0.96 |
| Siemens AG | 0 | 924 | 4.25 | 1.07 | 924 | 4.23 | 1.10 |
| Waste Management | 0 | 1,672 | 6.34 | 1.59 | 1,672 | 6.74 | 1.76 |
| XPO Logistics Incorporated | 0 | 1,053 | 2.32 | 0.58 | 1,053 | 2.37 | 0.62 |
| Goods & Services Total | -2,417 | 11,146 | 32.80 | 8.24 | 13,563 | 41.97 | 10.93 |
| Amgen Incorporated | 260 | 945 | 4.47 | 1.12 | 685 | 3.41 | 0.89 |
| Boston Scientific Corporation | 0 | 1,006 | 1.69 | 0.42 | 1,006 | 1.91 | 0.50 |
| Eli Lilly & Company | 178 | 604 | 7.58 | 1.91 | 426 | 5.91 | 1.54 |
| Intuitive Surgical Inc | -238 | 465 | 3.53 | 0.89 | 703 | 6.75 | 1.76 |
| Healthcare Total | 200 | 3,020 | 17.28 | 4.34 | 2,820 | 17.97 | 4.68 |
| Berkshire Hathaway Inc | 0 | 1,165 | 10.05 | 2.53 | 1,165 | 10.06 | 2.62 |
| Prudential Plc | 0 | 2,642 | 4.74 | 1.19 | 2,642 | 5.03 | 1.31 |
| Insurance Total | 0 | 3,807 | 14.79 | 3.72 | 3,807 | 15.09 | 3.93 |
| 1NVEST Global REIT Index Feeder ETF | 0 | 0 | 3.08 | 0.77 | 0 | 0.00 | 0.00 |
| International Total | 0 | 0 | 3.08 | 0.77 | 0 | 0.00 | 0.00 |
| Valterra Platinum Ltd. | 3,615 | 3,615 | 4.35 | 1.09 | 0 | 0.00 | 0.00 |
| Precious Metals and Mining Total | 3,615 | 3,615 | 4.35 | 1.09 | 0 | 0.00 | 0.00 |
| Colgate Palmolive | -778 | 2,263 | 3.14 | 0.79 | 3,041 | 4.85 | 1.26 |
| Costco Wholesale Corporation | -90 | 263 | 4.17 | 1.05 | 353 | 6.18 | 1.61 |
| Visa Inc | 181 | 1,423 | 8.37 | 2.10 | 1,242 | 7.76 | 2.02 |
| Wal-Mart Stores Incorporated | -1,666 | 0 | 0.00 | 0.00 | 1,666 | 2.86 | 0.74 |
| Retail Total | -2,353 | 3,949 | 15.68 | 3.94 | 6,302 | 21.65 | 5.64 |
| Amazon.Com | -502 | 2,647 | 10.16 | 2.55 | 3,149 | 12.41 | 3.23 |
| Apple Computer Company | 733 | 2,686 | 11.81 | 2.97 | 1,953 | 6.95 | 1.81 |
| Broadcom Corporation | 764 | 764 | 4.33 | 1.09 | 0 | 0.00 | 0.00 |
| International Business Machines | -421 | 0 | 0.00 | 0.00 | 421 | 2.18 | 0.57 |
| Meta Platforms Inc | 0 | 910 | 11.69 | 2.94 | 910 | 12.01 | 3.13 |
| Microsoft Corporation | 381 | 2,138 | 19.01 | 4.78 | 1,757 | 15.50 | 4.04 |
| Nvidia Corporation | -503 | 7,074 | 22.23 | 5.59 | 7,577 | 21.17 | 5.51 |
| Palantir Technologies | -700 | 1,152 | 3.56 | 0.89 | 1,852 | 4.51 | 1.17 |
| Palo Alto Networks Inc | 0 | 1,773 | 6.25 | 1.57 | 1,773 | 6.37 | 1.66 |
| SAP SE (spons. ADRs) | 0 | 1,135 | 5.23 | 1.31 | 1,135 | 6.11 | 1.59 |
| Taiwan Semiconductors | 1,782 | 1,782 | 8.43 | 2.12 | 0 | 0.00 | 0.00 |
| Technology Total | 1,534 | 22,061 | 102.72 | 25.82 | 20,527 | 87.20 | 22.70 |
| Portfolio Total | 15,495,816 | 15,833,689 | 397.90 | 100.00 | 337,873 | 384.08 | 100.00 |