| | | |
| Security | Change | # Units | Value (Rm) | % Fund | # Units | Value (Rm) | % Fund |
| Ferrari N.V | 0 | 650 | 5.68 | 1.53 | 650 | 5.14 | 1.46 |
| OReilly Automotive | 2,702 | 2,895 | 4.59 | 1.24 | 193 | 5.00 | 1.43 |
| Tesla Motors | 570 | 570 | 3.28 | 0.89 | 0 | 0.00 | 0.00 |
| Auto Total | 3,272 | 4,115 | 13.54 | 3.66 | 843 | 10.13 | 2.89 |
| Capitec Bank Holdings Ltd. | 0 | 2,925 | 10.40 | 2.81 | 2,925 | 9.01 | 2.57 |
| Banks Total | 0 | 2,925 | 10.40 | 2.81 | 2,925 | 9.01 | 2.57 |
| Cash on call | 0 | 0 | 3.96 | 1.07 | 0 | 4.19 | 1.19 |
| Cash on call Total | 0 | 0 | 3.96 | 1.07 | 0 | 4.19 | 1.19 |
| Alibaba Group Holdings Limited | -4,468 | 0 | 10.66 | 2.88 | 4,468 | 10.88 | 3.10 |
| Consumer Services Total | -4,468 | 0 | 10.66 | 2.88 | 4,468 | 10.88 | 3.10 |
| Accenture Ltd | 0 | 395 | 2.07 | 0.56 | 395 | 2.21 | 0.63 |
| Alphabet Inc A | 0 | 5,250 | 16.66 | 4.50 | 5,250 | 14.90 | 4.25 |
| Anta Sports Products | 1,250 | 13,850 | 2.96 | 0.80 | 12,600 | 2.54 | 0.73 |
| L'Oreal | 0 | 565 | 4.27 | 1.16 | 565 | 3.85 | 1.10 |
| Tencent Holdings Ltd | 0 | 1,400 | 1.59 | 0.43 | 1,400 | 1.64 | 0.47 |
| Yihai International Holding Ltd | 17,060 | 36,060 | 1.14 | 0.31 | 19,000 | 0.61 | 0.17 |
| Cyclical Goods & Services Total | 18,310 | 57,520 | 28.71 | 7.76 | 39,210 | 25.75 | 7.34 |
| Constellation Energy Group Inc | 58 | 58 | 3.76 | 1.02 | 0 | 0.00 | 0.00 |
| Energy Total | 58 | 58 | 3.76 | 1.02 | 0 | 0.00 | 0.00 |
| LVMH Moet Hennessy | -2,200 | 0 | 0.00 | 0.00 | 2,200 | 5.12 | 1.46 |
| Equities Total | -2,200 | 0 | 0.00 | 0.00 | 2,200 | 5.12 | 1.46 |
| 3I Group Plc | 0 | 3,038 | 3.09 | 0.84 | 3,038 | 2.61 | 0.74 |
| Apollo Global Management | 114 | 914 | 2.32 | 0.63 | 800 | 2.01 | 0.57 |
| Blackstone Group LP | 0 | 907 | 2.44 | 0.66 | 907 | 2.30 | 0.66 |
| KKR & Co Inc | 208 | 1,088 | 2.60 | 0.70 | 880 | 1.86 | 0.53 |
| Mastercard Inc | -188 | 562 | 5.50 | 1.49 | 750 | 7.45 | 2.13 |
| Moody's Corporation | 0 | 620 | 5.38 | 1.45 | 620 | 5.26 | 1.50 |
| Pacific Horizon Investment Trust PLC | 0 | 5,300 | 0.79 | 0.21 | 5,300 | 0.74 | 0.21 |
| Partners Group Holdingg | 0 | 119 | 2.78 | 0.75 | 119 | 3.09 | 0.88 |
| Financial Services Total | 134 | 12,548 | 24.89 | 6.73 | 12,414 | 25.32 | 7.22 |
| JP Morgan Chase & Company | 0 | 1,636 | 8.35 | 2.26 | 1,636 | 7.30 | 2.08 |
| Morgan Stanley | 0 | 2,000 | 5.00 | 1.35 | 2,000 | 4.24 | 1.21 |
| S&P Global Inc | 0 | 352 | 3.24 | 0.88 | 352 | 3.25 | 0.93 |
| Financials Total | 0 | 3,988 | 16.59 | 4.48 | 3,988 | 14.80 | 4.22 |
| Monster Beverage Corporation | 0 | 3,226 | 3.54 | 0.96 | 3,226 | 3.43 | 0.98 |
| Nestle SA | 0 | 3,200 | 5.63 | 1.52 | 3,200 | 6.02 | 1.72 |
| Pepsico Incorporated | 0 | 1,920 | 4.47 | 1.21 | 1,920 | 5.27 | 1.50 |
| Starbucks Corp | 0 | 1,900 | 3.11 | 0.84 | 1,900 | 3.41 | 0.97 |
| Food & Beverage Total | 0 | 10,246 | 16.76 | 4.53 | 10,246 | 18.14 | 5.17 |
| Canada - Currency | 0 | 0 | 0.02 | 0.00 | 0 | 0.00 | 0.00 |
| European - Currency | 0 | 0 | 0.08 | 0.02 | 0 | 0.02 | 0.00 |
| Foreign - Currency | 0 | 0 | 0.01 | 0.00 | 0 | 0.00 | 0.00 |
| Hong Kong - Currency | 0 | 0 | 1.44 | 0.39 | 0 | 0.63 | 0.18 |
| Switzerland - Currency | 0 | 0 | 0.42 | 0.11 | 0 | 0.19 | 0.05 |
| United Kingdom - Currency | 0 | 0 | 3.78 | 1.02 | 0 | 3.67 | 1.05 |
| USA - Currency | 0 | 0 | 14.59 | 3.94 | 0 | 14.90 | 4.25 |
| For Currency Total | 0 | 0 | 20.32 | 5.49 | 0 | 19.40 | 5.53 |
| Foreign - Equities | 0 | 0 | 6.97 | 1.88 | 0 | 5.07 | 1.45 |
| Foreign Invest Total | 0 | 0 | 6.97 | 1.88 | 0 | 5.07 | 1.45 |
| ASML Holding NV | 350 | 841 | 11.90 | 3.22 | 491 | 6.09 | 1.74 |
| Danaher Corporation | 0 | 1,300 | 4.60 | 1.24 | 1,300 | 4.93 | 1.40 |
| Fu Shou Yuan International Group | -68,000 | 0 | 0.00 | 0.00 | 68,000 | 0.60 | 0.17 |
| Lockheed Martin Corporation | 0 | 641 | 5.23 | 1.41 | 641 | 5.20 | 1.48 |
| Roper Technologies | -409 | 0 | 0.00 | 0.00 | 409 | 4.38 | 1.25 |
| Shenzhou International Group Holdings Ltd | -4,600 | 0 | 0.00 | 0.00 | 4,600 | 0.63 | 0.18 |
| Texas Instruments | -775 | 0 | 0.00 | 0.00 | 775 | 2.51 | 0.72 |
| Xinyi Solar Holdings Ltd | -34,000 | 0 | 0.00 | 0.00 | 34,000 | 0.24 | 0.07 |
| Goods & Services Total | -107,434 | 2,782 | 21.73 | 5.87 | 110,216 | 24.59 | 7.01 |
| Beijing Chunlizhengda Medical Instruments Co | -38,000 | 0 | 0.00 | 0.00 | 38,000 | 0.84 | 0.24 |
| China Medical System Holdings Limited | -42,000 | 0 | 0.00 | 0.00 | 42,000 | 0.74 | 0.21 |
| Eli Lilly & Company | 0 | 300 | 4.14 | 1.12 | 300 | 4.54 | 1.29 |
| IDEXX Laboratories | 0 | 548 | 5.18 | 1.40 | 548 | 4.19 | 1.19 |
| Intuitive Surgical Inc | 0 | 409 | 5.65 | 1.53 | 409 | 4.50 | 1.28 |
| Johnson & Johnson | 0 | 1,935 | 5.24 | 1.42 | 1,935 | 5.82 | 1.66 |
| Novo-Nordisk A/S | 0 | 5,512 | 6.71 | 1.81 | 5,512 | 7.10 | 2.03 |
| Stryker Corporation | 0 | 600 | 4.21 | 1.14 | 600 | 4.03 | 1.15 |
| Zoetis Inc | 0 | 2,000 | 5.55 | 1.50 | 2,000 | 6.00 | 1.71 |
| Healthcare Total | -80,000 | 11,304 | 36.68 | 9.91 | 91,304 | 37.76 | 10.77 |
| Berkshire Hathaway Inc | 0 | 1,300 | 11.23 | 3.03 | 1,300 | 12.58 | 3.59 |
| Ping AN Insurance | -9,500 | 0 | 0.00 | 0.00 | 9,500 | 1.04 | 0.30 |
| Insurance Total | -9,500 | 1,300 | 11.23 | 3.03 | 10,800 | 13.62 | 3.88 |
| Factset Research Systems Inc | 0 | 550 | 4.32 | 1.17 | 550 | 4.54 | 1.29 |
| Media Total | 0 | 550 | 4.32 | 1.17 | 550 | 4.54 | 1.29 |
| Compagnie Financière Richemont SA | 0 | 1,500 | 5.00 | 1.35 | 1,500 | 4.79 | 1.37 |
| Personal Goods Total | 0 | 1,500 | 5.00 | 1.35 | 1,500 | 4.79 | 1.37 |
| TJX Companies Incorporated | -650 | 2,242 | 4.92 | 1.33 | 2,892 | 6.29 | 1.79 |
| Visa Inc | 0 | 2,900 | 17.97 | 4.86 | 2,900 | 18.28 | 5.21 |
| Retail Total | -650 | 5,142 | 22.89 | 6.19 | 5,792 | 24.57 | 7.01 |
| Prosus NV | 0 | 21,298 | 21.09 | 5.70 | 21,298 | 17.93 | 5.11 |
| Software and Computer Services Total | 0 | 21,298 | 21.09 | 5.70 | 21,298 | 17.93 | 5.11 |
| Schroder Asian Total Return Investment Company PLC | 0 | 7,800 | 0.87 | 0.24 | 7,800 | 0.84 | 0.24 |
| Specialist Securities Total | 0 | 7,800 | 0.87 | 0.24 | 7,800 | 0.84 | 0.24 |
| Amazon.Com | 0 | 2,050 | 8.14 | 2.20 | 2,050 | 7.26 | 2.07 |
| Apple Computer Company | -416 | 2,700 | 9.65 | 2.61 | 3,116 | 12.48 | 3.56 |
| Cadence Design Systems Incorporated | 739 | 739 | 4.01 | 1.08 | 0 | 0.00 | 0.00 |
| Microsoft Corporation | 0 | 2,415 | 21.29 | 5.75 | 2,415 | 16.82 | 4.80 |
| Netease.Com | 302 | 3,702 | 1.77 | 0.48 | 3,400 | 1.27 | 0.36 |
| Nvidia Corporation | 0 | 4,396 | 12.33 | 3.33 | 4,396 | 8.86 | 2.53 |
| SAP AG | 0 | 1,020 | 5.46 | 1.48 | 1,020 | 5.03 | 1.43 |
| Sunny Optical Technology | 0 | 4,600 | 0.72 | 0.20 | 4,600 | 0.78 | 0.22 |
| Taiwan Semiconductors | 0 | 2,800 | 11.41 | 3.08 | 2,800 | 8.53 | 2.43 |
| Veeva Systems Inc | 0 | 799 | 4.03 | 1.09 | 799 | 3.44 | 0.98 |
| Technology Total | 625 | 25,221 | 78.81 | 21.30 | 24,596 | 64.48 | 18.39 |
| British American Tobacco plc | 0 | 12,750 | 10.90 | 2.94 | 12,750 | 9.74 | 2.78 |
| Tobacco Total | 0 | 12,750 | 10.90 | 2.94 | 12,750 | 9.74 | 2.78 |
| Portfolio Total | -181,853 | 181,047 | 370.07 | 100.00 | 362,900 | 350.67 | 100.00 |