| | | |
| Security | Change | # Units | Value (Rm) | % Fund | # Units | Value (Rm) | % Fund |
| Ferrari N.V | 0 | 513 | 4.47 | 1.16 | 513 | 4.01 | 1.13 |
| Auto Total | 0 | 513 | 4.47 | 1.16 | 513 | 4.01 | 1.13 |
| Bank of New York Company Incorporated | -1,546 | 0 | 0.00 | 0.00 | 1,546 | 2.36 | 0.66 |
| Barclays Plc | 0 | 67,670 | 5.56 | 1.45 | 67,670 | 4.74 | 1.33 |
| Banks Total | -1,546 | 67,670 | 5.56 | 1.45 | 69,216 | 7.09 | 1.99 |
| Anglo American Ltd | -1,091 | 8,054 | 4.23 | 1.10 | 9,145 | 4.69 | 1.32 |
| Barrick Gold | 6,249 | 15,663 | 5.72 | 1.49 | 9,414 | 3.35 | 0.94 |
| BHP Billiton UK | 0 | 4,092 | 3.49 | 0.91 | 4,092 | 3.61 | 1.01 |
| Rheinmetal Berlin | 87 | 87 | 3.24 | 0.84 | 0 | 0.00 | 0.00 |
| Basic Resources Total | 5,245 | 27,896 | 16.68 | 4.34 | 22,651 | 11.65 | 3.27 |
| iShares Global Government Bond | 0 | 5,547 | 9.15 | 2.38 | 5,547 | 9.12 | 2.56 |
| JPMorgan USD Ultra-Short Income UCITS ETF | -10,411 | 9,653 | 8.69 | 2.26 | 20,064 | 18.69 | 5.25 |
| Bonds Total | -10,411 | 15,200 | 17.84 | 4.64 | 25,611 | 27.81 | 7.81 |
| Cash on call | 0 | 0 | 18.57 | 4.84 | 0 | 5.49 | 1.54 |
| Cash on call Total | 0 | 0 | 18.57 | 4.84 | 0 | 5.49 | 1.54 |
| Thermo Fisher Scientific Inc | 966 | 1,238 | 4.98 | 1.30 | 272 | 2.46 | 0.69 |
| Chemicals Total | 966 | 1,238 | 4.98 | 1.30 | 272 | 2.46 | 0.69 |
| Alphabet Inc A | -1,879 | 0 | 0.00 | 0.00 | 1,879 | 5.23 | 1.47 |
| Booking Holdings | 27 | 27 | 2.75 | 0.72 | 0 | 0.00 | 0.00 |
| Hermes International | 0 | 1,009 | 4.86 | 1.27 | 1,009 | 4.82 | 1.35 |
| Hilton Worldwide Holdings Inc | 0 | 1,214 | 5.72 | 1.49 | 1,214 | 4.97 | 1.40 |
| Netflix Inc | 0 | 422 | 9.96 | 2.59 | 422 | 7.02 | 1.97 |
| Cyclical Goods & Services Total | -1,852 | 2,672 | 23.29 | 6.06 | 4,524 | 22.05 | 6.19 |
| ChevronTexaco Corp | 0 | 2,145 | 5.48 | 1.43 | 2,145 | 6.66 | 1.87 |
| Energy Total | 0 | 2,145 | 5.48 | 1.43 | 2,145 | 6.66 | 1.87 |
| iShares Global REIT ETF | 139,494 | 139,494 | 3.08 | 0.80 | 0 | 0.00 | 0.00 |
| iShares MSCI All Country Asia Ex Japan ETF | 0 | 2,149 | 3.15 | 0.82 | 2,149 | 2.90 | 0.82 |
| iShares MSCI Eurozone ETF | 1,533 | 7,104 | 7.49 | 1.95 | 5,571 | 5.42 | 1.52 |
| iShares MSCI Japan ETF | 979 | 4,599 | 6.13 | 1.59 | 3,620 | 4.55 | 1.28 |
| Equities Total | 142,006 | 153,346 | 19.84 | 5.17 | 11,340 | 12.86 | 3.61 |
| NewGold | 0 | 11,102 | 6.00 | 1.56 | 11,102 | 5.90 | 1.66 |
| Exchange Traded Funds Total | 0 | 11,102 | 6.00 | 1.56 | 11,102 | 5.90 | 1.66 |
| Blackstone Group LP | -1,298 | 0 | 0.00 | 0.00 | 1,298 | 3.24 | 0.91 |
| Deutsche Boerse AG | 429 | 429 | 2.48 | 0.64 | 0 | 0.00 | 0.00 |
| Mastercard Inc | 0 | 584 | 5.75 | 1.50 | 584 | 5.76 | 1.62 |
| MSCI Inc | 0 | 499 | 5.06 | 1.32 | 499 | 5.12 | 1.44 |
| Financial Services Total | -869 | 1,512 | 13.29 | 3.46 | 2,381 | 14.13 | 3.97 |
| JP Morgan Chase & Company | -477 | 2,624 | 13.58 | 3.54 | 3,101 | 13.72 | 3.85 |
| Financials Total | -477 | 2,624 | 13.58 | 3.54 | 3,101 | 13.72 | 3.85 |
| Coca Cola | 0 | 2,618 | 3.29 | 0.86 | 2,618 | 3.48 | 0.98 |
| Food & Beverage Total | 0 | 2,618 | 3.29 | 0.86 | 2,618 | 3.48 | 0.98 |
| Canada - Currency | 0 | 0 | 0.83 | 0.22 | 0 | 0.21 | 0.06 |
| European - Currency | 0 | 0 | 2.86 | 0.74 | 0 | 0.34 | 0.09 |
| United Kingdom - Currency | 0 | 0 | 0.73 | 0.19 | 0 | 0.58 | 0.16 |
| USA - Currency | 0 | 0 | 36.77 | 9.57 | 0 | 43.16 | 12.12 |
| For Currency Total | 0 | 0 | 41.19 | 10.72 | 0 | 44.28 | 12.44 |
| Foreign - Equities | 0 | 0 | 0.74 | 0.19 | 0 | 0.00 | 0.00 |
| Foreign Invest Total | 0 | 0 | 0.74 | 0.19 | 0 | 0.00 | 0.00 |
| Millrose Properties Inc | 0 | 490 | 0.25 | 0.07 | 490 | 0.24 | 0.07 |
| Simon Property Group Incorporated | 0 | 1,828 | 5.17 | 1.35 | 1,828 | 5.58 | 1.57 |
| Foreign Property Total | 0 | 2,318 | 5.42 | 1.41 | 2,318 | 5.82 | 1.63 |
| Caterpillar Inc | -382 | 639 | 4.39 | 1.14 | 1,021 | 6.12 | 1.72 |
| Fastenal Company | 2,119 | 4,238 | 3.15 | 0.82 | 2,119 | 3.01 | 0.85 |
| GE Vernova Inc | 168 | 511 | 4.78 | 1.25 | 343 | 1.85 | 0.52 |
| General Electric Company | 0 | 1,691 | 7.67 | 2.00 | 1,691 | 6.15 | 1.73 |
| Philip Morris International | 615 | 1,527 | 4.95 | 1.29 | 912 | 2.67 | 0.75 |
| Procter & Gamble Company | 0 | 1,308 | 3.69 | 0.96 | 1,308 | 4.09 | 1.15 |
| Siemens AG | 924 | 924 | 4.23 | 1.10 | 0 | 0.00 | 0.00 |
| Waste Management | 0 | 1,672 | 6.74 | 1.76 | 1,672 | 7.08 | 1.99 |
| XPO Logistics Incorporated | -698 | 1,053 | 2.37 | 0.62 | 1,751 | 3.41 | 0.96 |
| Goods & Services Total | 2,746 | 13,563 | 41.97 | 10.93 | 10,817 | 34.39 | 9.66 |
| Amgen Incorporated | 0 | 685 | 3.41 | 0.89 | 685 | 3.95 | 1.11 |
| Boston Scientific Corporation | 1,006 | 1,006 | 1.91 | 0.50 | 0 | 0.00 | 0.00 |
| Eli Lilly & Company | 0 | 426 | 5.91 | 1.54 | 426 | 6.30 | 1.77 |
| Intuitive Surgical Inc | 0 | 703 | 6.75 | 1.76 | 703 | 6.28 | 1.76 |
| United Health Group | -694 | 0 | 0.00 | 0.00 | 694 | 6.69 | 1.88 |
| Healthcare Total | 312 | 2,820 | 17.97 | 4.68 | 2,508 | 23.22 | 6.52 |
| Berkshire Hathaway Inc | -618 | 1,165 | 10.06 | 2.62 | 1,783 | 17.31 | 4.86 |
| Prudential Plc | 0 | 2,642 | 5.03 | 1.31 | 2,642 | 5.38 | 1.51 |
| Insurance Total | -618 | 3,807 | 15.09 | 3.93 | 4,425 | 22.69 | 6.37 |
| 1NVEST Global REIT Index Feeder ETF | -139,494 | 0 | 0.00 | 0.00 | 139,494 | 3.11 | 0.87 |
| International Total | -139,494 | 0 | 0.00 | 0.00 | 139,494 | 3.11 | 0.87 |
| Colgate Palmolive | 0 | 3,041 | 4.85 | 1.26 | 3,041 | 5.26 | 1.48 |
| Costco Wholesale Corporation | 0 | 353 | 6.18 | 1.61 | 353 | 6.10 | 1.71 |
| Visa Inc | 0 | 1,242 | 7.76 | 2.02 | 1,242 | 7.80 | 2.19 |
| Wal-Mart Stores Incorporated | 0 | 1,666 | 2.86 | 0.74 | 1,666 | 2.66 | 0.75 |
| Retail Total | 0 | 6,302 | 21.65 | 5.64 | 6,302 | 21.81 | 6.13 |
| Amazon.Com | 0 | 3,149 | 12.41 | 3.23 | 3,149 | 10.73 | 3.01 |
| Apple Computer Company | -1,578 | 1,953 | 6.95 | 1.81 | 3,531 | 14.21 | 3.99 |
| International Business Machines | 0 | 421 | 2.18 | 0.57 | 421 | 1.93 | 0.54 |
| Meta Platforms Inc | 0 | 910 | 12.01 | 3.13 | 910 | 9.36 | 2.63 |
| Microsoft Corporation | 0 | 1,757 | 15.50 | 4.04 | 1,757 | 11.88 | 3.34 |
| Nvidia Corporation | 2,447 | 7,577 | 21.17 | 5.51 | 5,130 | 9.82 | 2.76 |
| Palantir Technologies | 1,852 | 1,852 | 4.51 | 1.17 | 0 | 0.00 | 0.00 |
| Palo Alto Networks Inc | 0 | 1,773 | 6.37 | 1.66 | 1,773 | 5.43 | 1.53 |
| SAP SE (spons. ADRs) | 1,135 | 1,135 | 6.11 | 1.59 | 0 | 0.00 | 0.00 |
| Technology Total | 3,856 | 20,527 | 87.20 | 22.70 | 16,671 | 63.36 | 17.80 |
| Portfolio Total | -136 | 337,873 | 384.08 | 100.00 | 338,009 | 356.00 | 100.00 |