| | | |
| Security | Change | # Units | Value (Rm) | % Fund | # Units | Value (Rm) | % Fund |
| Barclays Plc | -4,012 | 63,658 | 5.61 | 1.35 | 67,670 | 7.17 | 1.77 |
| Banks Total | -4,012 | 63,658 | 5.61 | 1.35 | 67,670 | 7.17 | 1.77 |
| Anglo American Ltd | -1,015 | 7,039 | 5.04 | 1.21 | 8,054 | 5.53 | 1.37 |
| Barrick Gold | -9,887 | 5,776 | 3.77 | 0.91 | 15,663 | 11.46 | 2.83 |
| Rheinmetal Berlin | 0 | 87 | 2.46 | 0.59 | 87 | 2.64 | 0.65 |
| Basic Resources Total | -10,902 | 12,902 | 11.27 | 2.71 | 23,804 | 19.63 | 4.86 |
| SA Bond R2040 | -15,650,000 | 0 | 0.00 | 0.00 | 15,650,000 | 16.31 | 4.03 |
| Bond Total | -15,650,000 | 0 | 0.00 | 0.00 | 15,650,000 | 16.31 | 4.03 |
| Ishares 20+ USD Treasury Bond ETF | 2,764 | 2,764 | 4.08 | 0.98 | 0 | 0.00 | 0.00 |
| JPMorgan USD Ultra-Short Income UCITS ETF | -2,164 | 0 | 0.00 | 0.00 | 2,164 | 1.82 | 0.45 |
| Bonds Total | 600 | 2,764 | 4.08 | 0.98 | 2,164 | 1.82 | 0.45 |
| Cash on call | 0 | 0 | 23.57 | 5.66 | 0 | 33.77 | 8.36 |
| Margin Account | 0 | 0 | 0.00 | 0.00 | 0 | 0.00 | 0.00 |
| Cash on call Total | 0 | 0 | 23.57 | 5.66 | 0 | 33.77 | 8.36 |
| Sasol Ltd. | 31,560 | 31,560 | 7.09 | 1.70 | 0 | 0.00 | 0.00 |
| Chemicals Total | 31,560 | 31,560 | 7.09 | 1.70 | 0 | 0.00 | 0.00 |
| Newmont Mining Corp. (NMC) | -2,870 | 2,310 | 4.05 | 0.97 | 5,180 | 8.73 | 2.16 |
| Construction Total | -2,870 | 2,310 | 4.05 | 0.97 | 5,180 | 8.73 | 2.16 |
| Alphabet Inc A | 2,043 | 3,469 | 16.14 | 3.88 | 1,426 | 7.40 | 1.83 |
| Booking Holdings | -27 | 0 | 0.00 | 0.00 | 27 | 2.42 | 0.60 |
| Hermes International | 0 | 1,009 | 4.52 | 1.09 | 1,009 | 4.15 | 1.03 |
| Hilton Worldwide Holdings Inc | 0 | 1,214 | 6.11 | 1.47 | 1,214 | 5.83 | 1.44 |
| Netflix Inc | -4,220 | 0 | 0.00 | 0.00 | 4,220 | 6.54 | 1.62 |
| Cyclical Goods & Services Total | -2,204 | 5,692 | 26.77 | 6.43 | 7,896 | 26.35 | 6.52 |
| ChevronTexaco Corp | 796 | 2,941 | 10.54 | 2.53 | 2,145 | 5.40 | 1.34 |
| NextEra Energy Inc | 2,703 | 2,703 | 4.23 | 1.02 | 0 | 0.00 | 0.00 |
| Energy Total | 3,499 | 5,644 | 14.78 | 3.55 | 2,145 | 5.40 | 1.34 |
| Ishares MSCI AC Far East Ex-Japan | -2,149 | 0 | 0.00 | 0.00 | 2,149 | 3.32 | 0.82 |
| iShares MSCI All Country Asia Ex Japan ETF | 5,027 | 5,027 | 7.95 | 1.91 | 0 | 0.00 | 0.00 |
| iShares MSCI Eurozone ETF | -7,104 | 0 | 0.00 | 0.00 | 7,104 | 7.57 | 1.87 |
| iShares MSCI Japan ETF | 4,984 | 9,583 | 13.29 | 3.19 | 4,599 | 6.16 | 1.52 |
| Equities Total | 758 | 14,610 | 21.24 | 5.10 | 13,852 | 17.05 | 4.22 |
| NewGold | -5,732 | 5,370 | 3.87 | 0.93 | 11,102 | 7.38 | 1.83 |
| Exchange Traded Funds Total | -5,732 | 5,370 | 3.87 | 0.93 | 11,102 | 7.38 | 1.83 |
| Deutsche Boerse AG | -429 | 0 | 0.00 | 0.00 | 429 | 1.87 | 0.46 |
| Mastercard Inc | 0 | 584 | 4.91 | 1.18 | 584 | 5.58 | 1.38 |
| Mercadolibre Inc | 0 | 66 | 1.82 | 0.44 | 66 | 2.21 | 0.55 |
| MSCI Inc | 0 | 598 | 5.41 | 1.30 | 598 | 5.76 | 1.42 |
| Financial Services Total | -429 | 1,248 | 12.14 | 2.92 | 1,677 | 15.41 | 3.81 |
| JP Morgan Chase & Company | -442 | 2,182 | 10.53 | 2.53 | 2,624 | 14.04 | 3.47 |
| Financials Total | -442 | 2,182 | 10.53 | 2.53 | 2,624 | 14.04 | 3.47 |
| Coca Cola | 0 | 1,948 | 2.54 | 0.61 | 1,948 | 2.26 | 0.56 |
| Food & Beverage Total | 0 | 1,948 | 2.54 | 0.61 | 1,948 | 2.26 | 0.56 |
| Canada - Currency | 0 | 0 | 4.60 | 1.10 | 0 | 0.77 | 0.19 |
| European - Currency | 0 | 0 | 0.79 | 0.19 | 0 | 6.25 | 1.55 |
| Japan - Currency | 0 | 0 | 3.19 | 0.77 | 0 | 0.00 | 0.00 |
| United Kingdom - Currency | 0 | 0 | 2.14 | 0.51 | 0 | 0.19 | 0.05 |
| USA - Currency | 0 | 0 | 63.35 | 15.22 | 0 | 19.21 | 4.75 |
| For Currency Total | 0 | 0 | 74.07 | 17.79 | 0 | 26.42 | 6.54 |
| Foreign - Equities | 0 | 0 | 15.62 | 3.75 | 0 | 17.42 | 4.31 |
| Foreign Invest Total | 0 | 0 | 15.62 | 3.75 | 0 | 17.42 | 4.31 |
| Simon Property Group Incorporated | 0 | 1,828 | 5.67 | 1.36 | 1,828 | 5.65 | 1.40 |
| Foreign Property Total | 0 | 1,828 | 5.67 | 1.36 | 1,828 | 5.65 | 1.40 |
| Caterpillar Inc | 223 | 862 | 9.79 | 2.35 | 639 | 6.10 | 1.51 |
| Fastenal Company | 0 | 4,238 | 3.25 | 0.78 | 4,238 | 2.86 | 0.71 |
| GE Vernova Inc | 182 | 693 | 9.64 | 2.32 | 511 | 5.57 | 1.38 |
| Lam Research Corporation | 1,410 | 1,410 | 4.80 | 1.15 | 0 | 0.00 | 0.00 |
| Philip Morris International | 0 | 1,136 | 3.21 | 0.77 | 1,136 | 3.07 | 0.76 |
| Procter & Gamble Company | 0 | 973 | 2.40 | 0.58 | 973 | 2.32 | 0.57 |
| Siemens AG | 318 | 1,242 | 5.03 | 1.21 | 924 | 4.30 | 1.06 |
| Waste Management | 1,672 | 1,672 | 6.54 | 1.57 | 0 | 0.00 | 0.00 |
| Goods & Services Total | 3,805 | 12,226 | 44.66 | 10.73 | 8,421 | 24.22 | 5.99 |
| Amgen Incorporated | 0 | 945 | 5.61 | 1.35 | 945 | 5.14 | 1.27 |
| Boston Scientific Corporation | 0 | 1,006 | 1.08 | 0.26 | 1,006 | 1.60 | 0.40 |
| Eli Lilly & Company | -41 | 563 | 8.49 | 2.04 | 604 | 10.79 | 2.67 |
| Intuitive Surgical Inc | 0 | 465 | 3.58 | 0.86 | 465 | 4.40 | 1.09 |
| Healthcare Total | -41 | 2,979 | 18.76 | 4.51 | 3,020 | 21.92 | 5.42 |
| Berkshire Hathaway Inc | -151 | 772 | 6.23 | 1.50 | 923 | 7.69 | 1.90 |
| Prudential Plc | 0 | 2,642 | 4.25 | 1.02 | 2,642 | 4.97 | 1.23 |
| Insurance Total | -151 | 3,414 | 10.48 | 2.52 | 3,565 | 12.66 | 3.13 |
| 1NVEST Global REIT Index Feeder ETF | 0 | 139,494 | 2.97 | 0.71 | 139,494 | 2.94 | 0.73 |
| International Total | 0 | 139,494 | 2.97 | 0.71 | 139,494 | 2.94 | 0.73 |
| Colgate Palmolive | 0 | 2,263 | 3.30 | 0.79 | 2,263 | 2.98 | 0.74 |
| Costco Wholesale Corporation | 0 | 263 | 4.46 | 1.07 | 263 | 3.77 | 0.93 |
| Visa Inc | 0 | 1,423 | 7.25 | 1.74 | 1,423 | 8.32 | 2.06 |
| Wal-Mart Stores Incorporated | -1,672 | 0 | 0.00 | 0.00 | 1,672 | 6.14 | 1.52 |
| Retail Total | -1,672 | 3,949 | 15.01 | 3.61 | 5,621 | 21.20 | 5.25 |
| Amazon.Com | -454 | 2,193 | 7.50 | 1.80 | 2,647 | 10.18 | 2.52 |
| Apple Computer Company | 292 | 2,978 | 12.49 | 3.00 | 2,686 | 12.13 | 3.00 |
| Broadcom Corporation | 0 | 764 | 3.81 | 0.92 | 764 | 4.42 | 1.09 |
| Meta Platforms Inc | 0 | 910 | 8.30 | 1.99 | 910 | 10.02 | 2.48 |
| Microsoft Corporation | 41 | 2,179 | 13.31 | 3.20 | 2,138 | 17.24 | 4.26 |
| Nvidia Corporation | -679 | 5,796 | 16.29 | 3.91 | 6,475 | 20.08 | 4.97 |
| Palantir Technologies | 0 | 1,152 | 2.70 | 0.65 | 1,152 | 3.45 | 0.85 |
| Palo Alto Networks Inc | 0 | 1,773 | 4.66 | 1.12 | 1,773 | 5.48 | 1.36 |
| SAP AG | -1,135 | 0 | 0.00 | 0.00 | 1,135 | 4.60 | 1.14 |
| Taiwan Semiconductors | -136 | 1,646 | 8.89 | 2.14 | 1,782 | 8.85 | 2.19 |
| Tokyo Electron Ltd | 890 | 890 | 3.56 | 0.86 | 0 | 0.00 | 0.00 |
| Technology Total | -1,181 | 20,281 | 81.51 | 19.58 | 21,462 | 96.44 | 23.86 |
| Portfolio Total | -15,639,414 | 334,059 | 416.30 | 100.00 | 15,973,473 | 404.18 | 100.00 |