| | | |
| Security | Change | # Units | Value (Rm) | % Fund | # Units | Value (Rm) | % Fund |
| Ferrari N.V | 0 | 3,099 | 25.02 | 0.93 | 3,099 | 25.09 | 1.01 |
| Auto Total | 0 | 3,099 | 25.02 | 0.93 | 3,099 | 25.09 | 1.01 |
| Bank of New York Company Incorporated | 0 | 13,025 | 19.00 | 0.71 | 13,025 | 16.04 | 0.65 |
| Barclays Plc | 0 | 483,094 | 30.62 | 1.14 | 483,094 | 25.11 | 1.01 |
| Royal Bank of Canada | 0 | 14,049 | 32.04 | 1.19 | 14,049 | 30.09 | 1.21 |
| Banks Total | 0 | 510,168 | 81.65 | 3.04 | 510,168 | 71.25 | 2.87 |
| Anglo American Ltd | 0 | 103,246 | 57.69 | 2.15 | 103,246 | 57.92 | 2.33 |
| Barrick Gold | -66,769 | 61,781 | 17.99 | 0.67 | 128,550 | 43.95 | 1.77 |
| BHP Billiton UK | 0 | 35,117 | 32.48 | 1.21 | 35,117 | 38.35 | 1.55 |
| Basic Resources Total | -66,769 | 200,144 | 108.16 | 4.03 | 266,913 | 140.22 | 5.65 |
| iShares Global Government Bond | -32,567 | 32,566 | 54.19 | 2.02 | 65,133 | 105.17 | 4.24 |
| JPMorgan USD Ultra-Short Income UCITS ETF | 0 | 155,839 | 148.65 | 5.54 | 155,839 | 136.22 | 5.49 |
| Bonds Total | -32,567 | 188,405 | 202.84 | 7.56 | 220,972 | 241.38 | 9.73 |
| Cash on call | 0 | 0 | 47.27 | 1.76 | 0 | 82.79 | 3.34 |
| Cash on call Total | 0 | 0 | 47.27 | 1.76 | 0 | 82.79 | 3.34 |
| Thermo Fisher Scientific Inc | 0 | 2,510 | 24.74 | 0.92 | 2,510 | 26.58 | 1.07 |
| Chemicals Total | 0 | 2,510 | 24.74 | 0.92 | 2,510 | 26.58 | 1.07 |
| Alphabet Inc A | -4,382 | 13,465 | 48.52 | 1.81 | 17,847 | 50.35 | 2.03 |
| Booking Holdings | 0 | 174 | 16.34 | 0.61 | 174 | 12.55 | 0.51 |
| Hermes International | 0 | 8,690 | 39.35 | 1.47 | 8,690 | 36.92 | 1.49 |
| Hilton Worldwide Holdings Inc | 0 | 8,060 | 37.86 | 1.41 | 8,060 | 32.09 | 1.29 |
| Lennar Corporation | 0 | 6,843 | 17.68 | 0.66 | 6,843 | 22.00 | 0.89 |
| McDonald's Corporation | -4,552 | 0 | 0.00 | 0.00 | 4,552 | 23.87 | 0.96 |
| Netflix Inc | 0 | 3,545 | 59.96 | 2.23 | 3,545 | 43.22 | 1.74 |
| Cyclical Goods & Services Total | -8,934 | 40,777 | 219.70 | 8.19 | 49,711 | 221.00 | 8.91 |
| ChevronTexaco Corp | 0 | 17,096 | 46.52 | 1.73 | 17,096 | 43.15 | 1.74 |
| Energy Total | 0 | 17,096 | 46.52 | 1.73 | 17,096 | 43.15 | 1.74 |
| iShares MSCI Eurozone ETF | 0 | 30,000 | 26.85 | 1.00 | 30,000 | 27.03 | 1.09 |
| iShares MSCI Japan ETF | 0 | 24,916 | 31.59 | 1.18 | 24,916 | 30.77 | 1.24 |
| LVMH Moet Hennessy | -1,960 | 0 | 0.00 | 0.00 | 1,960 | 26.14 | 1.05 |
| Equities Total | -1,960 | 54,916 | 58.43 | 2.18 | 56,876 | 83.94 | 3.38 |
| Blackstone Group LP | 0 | 10,819 | 35.26 | 1.31 | 10,819 | 28.58 | 1.15 |
| Mastercard Inc | 0 | 4,123 | 41.00 | 1.53 | 4,123 | 35.08 | 1.41 |
| MSCI Inc | 0 | 4,174 | 47.36 | 1.76 | 4,174 | 41.62 | 1.68 |
| Financial Services Total | 0 | 19,116 | 123.62 | 4.61 | 19,116 | 105.28 | 4.24 |
| JP Morgan Chase & Company | 0 | 27,486 | 124.79 | 4.65 | 27,486 | 99.26 | 4.00 |
| Financials Total | 0 | 27,486 | 124.79 | 4.65 | 27,486 | 99.26 | 4.00 |
| Coca Cola | 0 | 16,571 | 19.48 | 0.73 | 16,571 | 20.59 | 0.83 |
| Nestle SA | -11,971 | 0 | 0.00 | 0.00 | 11,971 | 20.78 | 0.84 |
| Food & Beverage Total | -11,971 | 16,571 | 19.48 | 0.73 | 28,542 | 41.37 | 1.67 |
| Canada - Currency | 0 | 0 | 0.20 | 0.01 | 0 | 0.00 | 0.00 |
| European - Currency | 0 | 0 | 25.99 | 0.97 | 0 | 0.95 | 0.04 |
| United Kingdom - Currency | 0 | 0 | 30.53 | 1.14 | 0 | 29.04 | 1.17 |
| USA - Currency | 0 | 0 | 196.39 | 7.32 | 0 | 75.42 | 3.04 |
| For Currency Total | 0 | 0 | 253.11 | 9.43 | 0 | 105.41 | 4.25 |
| Simon Property Group Incorporated | 0 | 14,081 | 45.62 | 1.70 | 14,081 | 40.79 | 1.64 |
| Foreign Property Total | 0 | 14,081 | 45.62 | 1.70 | 14,081 | 40.79 | 1.64 |
| ASML Holding NV | 0 | 2,831 | 37.38 | 1.39 | 2,831 | 40.68 | 1.64 |
| Caterpillar Inc | 0 | 7,459 | 51.29 | 1.91 | 7,459 | 50.41 | 2.03 |
| Fastenal Company | 0 | 15,112 | 20.60 | 0.77 | 15,112 | 18.55 | 0.75 |
| GE Vernova Inc | 0 | 1,951 | 12.19 | 0.45 | 1,951 | 8.41 | 0.34 |
| General Electric Company | 0 | 10,503 | 33.32 | 1.24 | 10,503 | 33.57 | 1.35 |
| Procter & Gamble Company | 0 | 11,945 | 37.72 | 1.41 | 11,945 | 35.77 | 1.44 |
| Vertiv Holdings | 0 | 18,641 | 40.52 | 1.51 | 18,641 | 31.35 | 1.26 |
| Waste Management | 0 | 11,301 | 43.03 | 1.60 | 11,301 | 40.25 | 1.62 |
| XPO Logistics Incorporated | 0 | 16,896 | 42.20 | 1.57 | 16,896 | 32.53 | 1.31 |
| Goods & Services Total | 0 | 96,639 | 318.25 | 11.86 | 96,639 | 291.52 | 11.75 |
| Amgen Incorporated | 0 | 6,426 | 31.55 | 1.18 | 6,426 | 35.68 | 1.44 |
| Eli Lilly & Company | -2,239 | 2,975 | 43.30 | 1.61 | 5,214 | 78.69 | 3.17 |
| Intuitive Surgical Inc | 0 | 5,728 | 56.90 | 2.12 | 5,728 | 48.18 | 1.94 |
| Pfizer Incorporated | -60,108 | 0 | 0.00 | 0.00 | 60,108 | 30.13 | 1.21 |
| United Health Group | 0 | 5,117 | 49.19 | 1.83 | 5,117 | 51.64 | 2.08 |
| Healthcare Total | -62,347 | 20,246 | 180.93 | 6.74 | 82,593 | 244.33 | 9.85 |
| Prudential Plc | 0 | 21,968 | 49.24 | 1.83 | 21,968 | 45.75 | 1.84 |
| Insurance Total | 0 | 21,968 | 49.24 | 1.83 | 21,968 | 45.75 | 1.84 |
| Colgate Palmolive | 0 | 21,697 | 37.32 | 1.39 | 21,697 | 38.85 | 1.57 |
| Costco Wholesale Corporation | 0 | 3,015 | 52.14 | 1.94 | 3,015 | 46.48 | 1.87 |
| Visa Inc | 0 | 9,360 | 55.81 | 2.08 | 9,360 | 44.32 | 1.79 |
| Retail Total | 0 | 34,072 | 145.26 | 5.41 | 34,072 | 129.65 | 5.23 |
| Advanced Micro Devices | 0 | 6,768 | 15.71 | 0.59 | 6,768 | 19.06 | 0.77 |
| Amazon.Com | 0 | 19,833 | 82.87 | 3.09 | 19,833 | 63.34 | 2.55 |
| Apple Computer Company | 7,226 | 25,731 | 122.34 | 4.56 | 18,505 | 73.72 | 2.97 |
| Broadcom Corporation | 7,941 | 7,941 | 35.31 | 1.32 | 0 | 0.00 | 0.00 |
| Cadence Design Systems Incorporated | 0 | 5,024 | 28.65 | 1.07 | 5,024 | 23.44 | 0.95 |
| Meta Platforms Inc | 1,485 | 6,151 | 68.63 | 2.56 | 4,666 | 45.73 | 1.84 |
| Microsoft Corporation | 0 | 11,700 | 93.75 | 3.49 | 11,700 | 85.96 | 3.47 |
| Nvidia Corporation | 0 | 48,468 | 125.40 | 4.67 | 48,468 | 100.06 | 4.03 |
| Palo Alto Networks Inc | 5,174 | 10,348 | 35.95 | 1.34 | 5,174 | 30.56 | 1.23 |
| Technology Total | 21,826 | 141,964 | 608.61 | 22.68 | 120,138 | 441.87 | 17.81 |
| Portfolio Total | -162,722 | 1,409,258 | 2,683.26 | 100.00 | 1,571,980 | 2,480.62 | 100.00 |