| | | |
| Security | Change | # Units | Value (Rm) | % Fund | # Units | Value (Rm) | % Fund |
| Copart Inc Com | 3,313 | 8,318 | 6.41 | 0.78 | 5,005 | 4.29 | 0.53 |
| DSV Panalpina | 4,232 | 4,232 | 14.60 | 1.78 | 0 | 0.00 | 0.00 |
| Auto Total | 7,545 | 12,550 | 21.01 | 2.56 | 5,005 | 4.29 | 0.53 |
| Northstar Global Income Fund | 4,033,385 | 4,033,385 | 80.91 | 9.85 | 0 | 0.00 | 0.00 |
| Bonds Total | 4,033,385 | 4,033,385 | 80.91 | 9.85 | 0 | 0.00 | 0.00 |
| BlackRock ICS Euro Liquidity Fund | 0 | 1,393 | 3.01 | 0.37 | 1,393 | 3.08 | 0.38 |
| Cash Total | 0 | 1,393 | 3.01 | 0.37 | 1,393 | 3.08 | 0.38 |
| Cash on call | 0 | 0 | 3.47 | 0.42 | 0 | 7.91 | 0.99 |
| Cash on call Total | 0 | 0 | 3.47 | 0.42 | 0 | 7.91 | 0.99 |
| Thermo Fisher Scientific Inc | -91 | 2,378 | 19.00 | 2.31 | 2,469 | 17.93 | 2.23 |
| Chemicals Total | -91 | 2,378 | 19.00 | 2.31 | 2,469 | 17.93 | 2.23 |
| Alibaba Group Holdings Limited | -352 | 1,322 | 4.11 | 0.50 | 1,674 | 3.45 | 0.43 |
| Consumer Services Total | -352 | 1,322 | 4.11 | 0.50 | 1,674 | 3.45 | 0.43 |
| Accor SA | 3,567 | 13,466 | 10.98 | 1.34 | 9,899 | 9.15 | 1.14 |
| Alphabet Inc C | -1,522 | 4,227 | 17.85 | 2.17 | 5,749 | 18.22 | 2.27 |
| Brown-Forman Corporation | 3,410 | 3,410 | 1.60 | 0.20 | 0 | 0.00 | 0.00 |
| Evolution Gaming Group | -588 | 12,207 | 17.80 | 2.17 | 12,795 | 18.08 | 2.25 |
| JONES LANG LASALLE | -353 | 418 | 2.17 | 0.26 | 771 | 3.52 | 0.44 |
| L'Oreal | -79 | 1,924 | 14.32 | 1.74 | 2,003 | 15.15 | 1.89 |
| Reckitt Benckiser | -456 | 17,498 | 23.14 | 2.82 | 17,954 | 21.77 | 2.71 |
| Tencent Holdings Ltd | -1,561 | 6,691 | 9.83 | 1.20 | 8,252 | 9.54 | 1.19 |
| Cyclical Goods & Services Total | 2,418 | 59,841 | 97.70 | 11.89 | 57,423 | 95.43 | 11.89 |
| Intertek Group Plc | -495 | 13,712 | 15.13 | 1.84 | 14,207 | 16.44 | 2.05 |
| Energy Total | -495 | 13,712 | 15.13 | 1.84 | 14,207 | 16.44 | 2.05 |
| Essilor International | -39 | 697 | 3.91 | 0.48 | 736 | 3.59 | 0.45 |
| LVMH Moet Hennessy | 105 | 1,646 | 17.37 | 2.11 | 1,541 | 14.38 | 1.79 |
| Equities Total | 66 | 2,343 | 21.28 | 2.59 | 2,277 | 17.97 | 2.24 |
| Blackstone Group LP | -62 | 1,396 | 4.25 | 0.52 | 1,458 | 3.92 | 0.49 |
| Charles Schwab Corp | -2,532 | 0 | 0.00 | 0.00 | 2,532 | 4.05 | 0.50 |
| Corpay Inc | 1,067 | 1,067 | 5.46 | 0.66 | 0 | 0.00 | 0.00 |
| Fair Isaac Corporation | 353 | 353 | 9.31 | 1.13 | 0 | 0.00 | 0.00 |
| London Stock Exchange Group Plc | 2,306 | 2,306 | 4.56 | 0.56 | 0 | 0.00 | 0.00 |
| Mastercard Inc | -71 | 1,713 | 16.82 | 2.05 | 1,784 | 17.46 | 2.18 |
| Moody's Corporation | -27 | 376 | 3.12 | 0.38 | 403 | 3.50 | 0.44 |
| Schwab Charles Corporation | 1,421 | 1,421 | 2.38 | 0.29 | 0 | 0.00 | 0.00 |
| Financial Services Total | 2,455 | 8,632 | 45.90 | 5.59 | 6,177 | 28.92 | 3.60 |
| S&P Global Inc | -678 | 0 | 0.00 | 0.00 | 678 | 6.24 | 0.78 |
| Financials Total | -678 | 0 | 0.00 | 0.00 | 678 | 6.24 | 0.78 |
| Anheuser Busch InBev | -531 | 6,839 | 7.07 | 0.86 | 7,370 | 8.98 | 1.12 |
| Chipotle Mexican Grill Inc | 7,741 | 23,493 | 16.20 | 1.97 | 15,752 | 15.42 | 1.92 |
| Nestle SA | 2,006 | 2,006 | 3.18 | 0.39 | 0 | 0.00 | 0.00 |
| Unilever plc | -185 | 3,960 | 4.03 | 0.49 | 4,145 | 4.48 | 0.56 |
| Food & Beverage Total | 9,031 | 36,298 | 30.48 | 3.71 | 27,267 | 28.88 | 3.60 |
| Denmark - Currency | 0 | 0 | 0.44 | 0.05 | 0 | 0.90 | 0.11 |
| European - Currency | 0 | 0 | 12.27 | 1.49 | 0 | 5.62 | 0.70 |
| Japan - Currency | 0 | 0 | 31.79 | 3.87 | 0 | 25.54 | 3.18 |
| Sweden - Currency | 0 | 0 | 2.88 | 0.35 | 0 | 1.97 | 0.25 |
| Switzerland - Currency | 0 | 0 | 2.59 | 0.31 | 0 | 2.55 | 0.32 |
| United Kingdom - Currency | 0 | 0 | 3.84 | 0.47 | 0 | 4.73 | 0.59 |
| USA - Currency | 0 | 0 | 49.74 | 6.05 | 0 | 34.98 | 4.36 |
| For Currency Total | 0 | 0 | 103.55 | 12.60 | 0 | 76.29 | 9.51 |
| Foreign - Bonds | 0 | 0 | 56.85 | 6.92 | 0 | 63.82 | 7.95 |
| Foreign - Equities | 0 | 0 | 32.42 | 3.95 | 0 | 27.30 | 3.40 |
| Foreign - Unit Trust - Bonds | 0 | 0 | 0.00 | 0.00 | 0 | 14.48 | 1.80 |
| Foreign Invest Total | 0 | 0 | 89.28 | 10.87 | 0 | 105.60 | 13.16 |
| Equity | 0 | 0 | 0.00 | 0.00 | 0 | 0.05 | 0.01 |
| General Equity Total | 0 | 0 | 0.00 | 0.00 | 0 | 0.05 | 0.01 |
| Airbus Group NV | -971 | 3,180 | 12.67 | 1.54 | 4,151 | 15.38 | 1.92 |
| ASML Holding NV | -155 | 1,191 | 19.96 | 2.43 | 1,346 | 19.08 | 2.38 |
| British American Tobacco Corporation | -2,107 | 5,086 | 4.63 | 0.56 | 7,193 | 6.14 | 0.77 |
| Danaher Corporation | -102 | 3,317 | 10.68 | 1.30 | 3,419 | 12.10 | 1.51 |
| Estee Lauder Companies Inc | -375 | 5,159 | 7.95 | 0.97 | 5,534 | 7.88 | 0.98 |
| Philip Morris International | -142 | 2,148 | 6.05 | 0.74 | 2,290 | 7.41 | 0.92 |
| Samsung Electronics NV | -81 | 164 | 4.21 | 0.51 | 245 | 4.81 | 0.60 |
| TransDigm Group Inc | 63 | 287 | 6.39 | 0.78 | 224 | 5.97 | 0.74 |
| Goods & Services Total | -3,870 | 20,532 | 72.54 | 8.83 | 24,402 | 78.77 | 9.82 |
| Edwards Lifescience | 0 | 964 | 1.29 | 0.16 | 964 | 1.34 | 0.17 |
| Intuitive Surgical Inc | -34 | 440 | 3.34 | 0.41 | 474 | 4.50 | 0.56 |
| Johnson & Johnson | -127 | 3,497 | 10.98 | 1.34 | 3,624 | 9.82 | 1.22 |
| Medtronic Incorporated | -229 | 9,301 | 15.19 | 1.85 | 9,530 | 14.67 | 1.83 |
| Novo-Nordisk A/S | 1,488 | 6,198 | 5.81 | 0.71 | 4,710 | 5.83 | 0.73 |
| Roche Holding AG | -153 | 2,109 | 11.74 | 1.43 | 2,262 | 13.11 | 1.63 |
| Stryker Corporation | -223 | 0 | 0.00 | 0.00 | 223 | 1.56 | 0.19 |
| Ulta Beauty Inc | -223 | 407 | 3.89 | 0.47 | 630 | 5.13 | 0.64 |
| Zimmer Biomet Holdings Inc | -201 | 5,686 | 9.67 | 1.18 | 5,887 | 9.59 | 1.20 |
| Healthcare Total | 298 | 28,602 | 61.91 | 7.54 | 28,304 | 65.55 | 8.17 |
| Berkshire Hathaway Inc | -9 | 335 | 2.89 | 0.35 | 344 | 2.97 | 0.37 |
| Elevance Health Inc | 716 | 3,479 | 19.22 | 2.34 | 2,763 | 18.74 | 2.34 |
| Insurance Total | 707 | 3,814 | 22.11 | 2.69 | 3,107 | 21.71 | 2.71 |
| Walt Disney Company | -286 | 3,917 | 7.77 | 0.95 | 4,203 | 9.17 | 1.14 |
| Media Total | -286 | 3,917 | 7.77 | 0.95 | 4,203 | 9.17 | 1.14 |
| Northstar Global Income Fund (USD) - A | -3,857,680 | 0 | 0.00 | 0.00 | 3,857,680 | 78.39 | 9.77 |
| Offshore Intern Total | -3,857,680 | 0 | 0.00 | 0.00 | 3,857,680 | 78.39 | 9.77 |
| Freedom Property Fund Ltd. | 645,000 | 645,000 | 0.05 | 0.01 | 0 | 0.00 | 0.00 |
| Real Estate Investment and Services Total | 645,000 | 645,000 | 0.05 | 0.01 | 0 | 0.00 | 0.00 |
| Visa Inc | -132 | 3,216 | 18.91 | 2.30 | 3,348 | 20.75 | 2.59 |
| Retail Total | -132 | 3,216 | 18.91 | 2.30 | 3,348 | 20.75 | 2.59 |
| Adobe Systems | 164 | 3,133 | 19.46 | 2.37 | 2,969 | 20.37 | 2.54 |
| Amazon.Com | -120 | 4,651 | 17.86 | 2.17 | 4,771 | 18.94 | 2.36 |
| Apple Computer Company | -21 | 780 | 3.43 | 0.42 | 801 | 2.86 | 0.36 |
| Cognizant Technology Solutions Corp | 2,380 | 8,111 | 9.40 | 1.14 | 5,731 | 7.92 | 0.99 |
| Crowdstrike Holdings | 0 | 178 | 1.50 | 0.18 | 178 | 1.58 | 0.20 |
| L3 Technologies | -1,512 | 1,212 | 6.22 | 0.76 | 2,724 | 11.96 | 1.49 |
| Microsoft Corporation | -71 | 1,775 | 15.79 | 1.92 | 1,846 | 16.28 | 2.03 |
| Nvidia Corporation | -763 | 2,641 | 8.30 | 1.01 | 3,404 | 9.55 | 1.19 |
| Oracle Corporation | -1,208 | 833 | 4.07 | 0.50 | 2,041 | 7.63 | 0.95 |
| Palo Alto Networks Inc | 562 | 4,179 | 14.73 | 1.79 | 3,617 | 12.90 | 1.61 |
| The Trade Desk Inc | -1,307 | 3,269 | 2.80 | 0.34 | 4,576 | 5.64 | 0.70 |
| Technology Total | -1,896 | 30,762 | 103.57 | 12.60 | 32,658 | 115.63 | 14.41 |
| Portfolio Total | 835,425 | 4,907,697 | 821.67 | 100.00 | 4,072,272 | 802.44 | 100.00 |