| | | |
| Security | Change | # Units | Value (Rm) | % Fund | # Units | Value (Rm) | % Fund |
| Ferrari N.V | 0 | 2,288 | 19.92 | 1.10 | 2,288 | 17.87 | 1.01 |
| Auto Total | 0 | 2,288 | 19.92 | 1.10 | 2,288 | 17.87 | 1.01 |
| Bank of New York Company Incorporated | -8,409 | 0 | 0.00 | 0.00 | 8,409 | 12.81 | 0.73 |
| Barclays Plc | 0 | 325,473 | 26.75 | 1.48 | 325,473 | 22.75 | 1.29 |
| Banks Total | -8,409 | 325,473 | 26.75 | 1.48 | 333,882 | 35.56 | 2.02 |
| Anglo American Ltd | -7,593 | 56,066 | 29.47 | 1.63 | 63,659 | 32.68 | 1.85 |
| Barrick Gold | 35,873 | 73,385 | 26.79 | 1.48 | 37,512 | 13.35 | 0.76 |
| BHP Billiton UK | 0 | 20,553 | 17.10 | 0.95 | 20,553 | 17.67 | 1.00 |
| Rheinmetal Berlin | 409 | 409 | 15.22 | 0.84 | 0 | 0.00 | 0.00 |
| Basic Resources Total | 28,689 | 150,413 | 88.58 | 4.89 | 121,724 | 63.70 | 3.61 |
| iShares Global Government Bond | 0 | 17,985 | 29.65 | 1.64 | 17,985 | 29.57 | 1.68 |
| JPMorgan USD Ultra-Short Income UCITS ETF | -75,342 | 73,269 | 65.98 | 3.65 | 148,611 | 138.46 | 7.85 |
| Bonds Total | -75,342 | 91,254 | 95.64 | 5.28 | 166,596 | 168.03 | 9.53 |
| Cash on call | 0 | 0 | 53.24 | 2.94 | 0 | 112.18 | 6.36 |
| Cash on call Total | 0 | 0 | 53.24 | 2.94 | 0 | 112.18 | 6.36 |
| Thermo Fisher Scientific Inc | 4,074 | 5,992 | 24.08 | 1.33 | 1,918 | 17.35 | 0.98 |
| Chemicals Total | 4,074 | 5,992 | 24.08 | 1.33 | 1,918 | 17.35 | 0.98 |
| Alphabet Inc A | -7,270 | 0 | 0.00 | 0.00 | 7,270 | 20.25 | 1.15 |
| Booking Holdings | 0 | 220 | 22.38 | 1.24 | 220 | 18.14 | 1.03 |
| Hermes International | 0 | 6,445 | 31.04 | 1.72 | 6,445 | 30.81 | 1.75 |
| Hilton Worldwide Holdings Inc | 0 | 6,564 | 30.92 | 1.71 | 6,564 | 26.89 | 1.53 |
| Netflix Inc | 0 | 1,970 | 46.51 | 2.57 | 1,970 | 32.79 | 1.86 |
| Cyclical Goods & Services Total | -7,270 | 15,199 | 130.85 | 7.23 | 22,469 | 128.88 | 7.31 |
| ChevronTexaco Corp | 0 | 9,880 | 25.25 | 1.40 | 9,880 | 30.68 | 1.74 |
| Energy Total | 0 | 9,880 | 25.25 | 1.40 | 9,880 | 30.68 | 1.74 |
| iShares MSCI All Country Asia Ex Japan ETF | 0 | 10,395 | 15.22 | 0.84 | 10,395 | 14.04 | 0.80 |
| iShares MSCI Eurozone ETF | 0 | 26,943 | 28.41 | 1.57 | 26,943 | 26.19 | 1.49 |
| iShares MSCI Japan ETF | 0 | 22,119 | 29.46 | 1.63 | 22,119 | 27.78 | 1.58 |
| Mi-Plan Global Macro Fund IC Limited | 0 | 300,000 | 77.10 | 4.26 | 300,000 | 74.19 | 4.21 |
| Equities Total | 0 | 359,457 | 150.18 | 8.30 | 359,457 | 142.19 | 8.06 |
| NewGold | 0 | 54,344 | 29.37 | 1.62 | 54,344 | 28.90 | 1.64 |
| Exchange Traded Funds Total | 0 | 54,344 | 29.37 | 1.62 | 54,344 | 28.90 | 1.64 |
| Blackstone Group LP | -6,357 | 0 | 0.00 | 0.00 | 6,357 | 15.88 | 0.90 |
| Deutsche Boerse AG | 2,006 | 2,006 | 11.57 | 0.64 | 0 | 0.00 | 0.00 |
| Mastercard Inc | 0 | 2,062 | 20.32 | 1.12 | 2,062 | 20.34 | 1.15 |
| MSCI Inc | 0 | 2,403 | 24.37 | 1.35 | 2,403 | 24.67 | 1.40 |
| Financial Services Total | -4,351 | 6,471 | 56.26 | 3.11 | 10,822 | 60.89 | 3.45 |
| JP Morgan Chase & Company | -1,295 | 12,296 | 63.65 | 3.52 | 13,591 | 60.15 | 3.41 |
| Financials Total | -1,295 | 12,296 | 63.65 | 3.52 | 13,591 | 60.15 | 3.41 |
| Coca Cola | 0 | 10,748 | 13.50 | 0.75 | 10,748 | 14.28 | 0.81 |
| Food & Beverage Total | 0 | 10,748 | 13.50 | 0.75 | 10,748 | 14.28 | 0.81 |
| Canada - Currency | 0 | 0 | 4.02 | 0.22 | 0 | 2.60 | 0.15 |
| European - Currency | 0 | 0 | 14.62 | 0.81 | 0 | 16.61 | 0.94 |
| United Kingdom - Currency | 0 | 0 | 10.34 | 0.57 | 0 | 16.77 | 0.95 |
| USA - Currency | 0 | 0 | 149.76 | 8.27 | 0 | 72.88 | 4.13 |
| For Currency Total | 0 | 0 | 178.74 | 9.88 | 0 | 108.86 | 6.17 |
| Foreign - Equities | 0 | 0 | 5.14 | 0.28 | 0 | 0.00 | 0.00 |
| Foreign Invest Total | 0 | 0 | 5.14 | 0.28 | 0 | 0.00 | 0.00 |
| Simon Property Group Incorporated | 0 | 9,720 | 27.48 | 1.52 | 9,720 | 29.66 | 1.68 |
| Foreign Property Total | 0 | 9,720 | 27.48 | 1.52 | 9,720 | 29.66 | 1.68 |
| Caterpillar Inc | -1,514 | 2,992 | 20.56 | 1.14 | 4,506 | 27.02 | 1.53 |
| Fastenal Company | 8,972 | 17,944 | 13.35 | 0.74 | 8,972 | 12.75 | 0.72 |
| GE Vernova Inc | 660 | 660 | 6.18 | 0.34 | 0 | 0.00 | 0.00 |
| General Electric Company | 0 | 1,770 | 8.02 | 0.44 | 1,770 | 6.44 | 0.37 |
| Philip Morris International | 2,706 | 7,153 | 23.17 | 1.28 | 4,447 | 13.03 | 0.74 |
| Procter & Gamble Company | 0 | 6,823 | 19.24 | 1.06 | 6,823 | 21.33 | 1.21 |
| Siemens AG | 4,326 | 4,326 | 19.80 | 1.09 | 0 | 0.00 | 0.00 |
| Waste Management | 0 | 5,242 | 21.15 | 1.17 | 5,242 | 22.20 | 1.26 |
| XPO Logistics Incorporated | -2,740 | 4,887 | 10.98 | 0.61 | 7,627 | 14.87 | 0.84 |
| Goods & Services Total | 12,410 | 51,797 | 142.44 | 7.87 | 39,387 | 117.64 | 6.67 |
| Amgen Incorporated | 0 | 4,323 | 21.49 | 1.19 | 4,323 | 24.91 | 1.41 |
| Boston Scientific Corporation | 7,091 | 7,091 | 13.43 | 0.74 | 0 | 0.00 | 0.00 |
| Eli Lilly & Company | 0 | 1,873 | 25.97 | 1.43 | 1,873 | 27.72 | 1.57 |
| Intuitive Surgical Inc | 0 | 3,918 | 37.60 | 2.08 | 3,918 | 35.00 | 1.99 |
| United Health Group | -3,168 | 0 | 0.00 | 0.00 | 3,168 | 30.54 | 1.73 |
| Healthcare Total | 3,923 | 17,205 | 98.50 | 5.44 | 13,282 | 118.16 | 6.70 |
| Berkshire Hathaway Inc | -2,834 | 5,643 | 48.71 | 2.69 | 8,477 | 82.30 | 4.67 |
| Prudential Plc | 0 | 12,949 | 24.65 | 1.36 | 12,949 | 26.36 | 1.50 |
| Insurance Total | -2,834 | 18,592 | 73.36 | 4.05 | 21,426 | 108.66 | 6.16 |
| Colgate Palmolive | 0 | 14,603 | 23.27 | 1.29 | 14,603 | 25.25 | 1.43 |
| Costco Wholesale Corporation | 0 | 1,777 | 31.13 | 1.72 | 1,777 | 30.69 | 1.74 |
| Visa Inc | 0 | 5,769 | 36.04 | 1.99 | 5,769 | 36.25 | 2.06 |
| Wal-Mart Stores Incorporated | 0 | 5,685 | 9.75 | 0.54 | 5,685 | 9.07 | 0.51 |
| Retail Total | 0 | 27,834 | 100.19 | 5.54 | 27,834 | 101.25 | 5.74 |
| Amazon.Com | 0 | 13,229 | 52.13 | 2.88 | 13,229 | 45.06 | 2.56 |
| Apple Computer Company | -7,789 | 9,150 | 32.55 | 1.80 | 16,939 | 68.18 | 3.87 |
| Fortinet Inc | 0 | 6,052 | 11.29 | 0.62 | 6,052 | 10.49 | 0.60 |
| International Business Machines | 0 | 2,212 | 11.47 | 0.63 | 2,212 | 10.12 | 0.57 |
| Meta Platforms Inc | 0 | 3,873 | 51.11 | 2.82 | 3,873 | 39.84 | 2.26 |
| Microsoft Corporation | 0 | 8,666 | 76.47 | 4.22 | 8,666 | 58.59 | 3.32 |
| Nvidia Corporation | 10,649 | 35,348 | 98.75 | 5.46 | 24,699 | 47.30 | 2.68 |
| Palantir Technologies | 8,964 | 8,964 | 21.81 | 1.21 | 0 | 0.00 | 0.00 |
| Palo Alto Networks Inc | 0 | 6,122 | 21.99 | 1.21 | 6,122 | 18.75 | 1.06 |
| SAP SE (spons. ADRs) | 5,438 | 5,438 | 29.27 | 1.62 | 0 | 0.00 | 0.00 |
| Technology Total | 17,262 | 99,054 | 406.84 | 22.48 | 81,792 | 298.34 | 16.92 |
| Portfolio Total | -33,143 | 1,268,017 | 1,809.96 | 100.00 | 1,301,160 | 1,763.23 | 100.00 |