| | | |
| Security | Change | # Units | Value (Rm) | % Fund | # Units | Value (Rm) | % Fund |
| Copart Inc Com | 0 | 27,603 | 15.69 | 1.02 | 27,603 | 17.91 | 1.20 |
| Auto Total | 0 | 27,603 | 15.69 | 1.02 | 27,603 | 17.91 | 1.20 |
| Nu Holdings Ltd | 0 | 105,971 | 26.07 | 1.69 | 105,971 | 29.39 | 1.97 |
| Banks Total | 0 | 105,971 | 26.07 | 1.69 | 105,971 | 29.39 | 1.97 |
| iShares 0-3 Month Treasury Bond ETF | 39,620 | 39,620 | 74.87 | 4.85 | 0 | 0.00 | 0.00 |
| iShares Core Global Aggregate ETF | 0 | 2,442,403 | 181.66 | 11.76 | 2,442,403 | 180.74 | 12.10 |
| iShares Short Treasury Bond ETF | -293,220 | 93,710 | 36.75 | 2.38 | 386,930 | 40.66 | 2.72 |
| iShares US Treasury Bond ETF | -93,710 | 0 | 0.00 | 0.00 | 93,710 | 35.75 | 2.39 |
| Bonds Total | -347,310 | 2,575,733 | 293.27 | 18.98 | 2,923,043 | 257.15 | 17.22 |
| Cash on call | 0 | 0 | 13.38 | 0.87 | 0 | 29.31 | 1.96 |
| Cash on call Total | 0 | 0 | 13.38 | 0.87 | 0 | 29.31 | 1.96 |
| Thermo Fisher Scientific Inc | 0 | 2,580 | 21.71 | 1.41 | 2,580 | 24.77 | 1.66 |
| Chemicals Total | 0 | 2,580 | 21.71 | 1.41 | 2,580 | 24.77 | 1.66 |
| Alphabet Inc C | 0 | 5,910 | 29.02 | 1.88 | 5,910 | 30.73 | 2.06 |
| Intercontinental Hotels Group Plc | 2,000 | 13,028 | 29.08 | 1.88 | 11,028 | 25.71 | 1.72 |
| Reckitt Benckiser | -417 | 9,986 | 11.47 | 0.74 | 10,403 | 13.92 | 0.93 |
| Tencent Holdings Ltd | 2,899 | 18,199 | 19.69 | 1.27 | 15,300 | 19.41 | 1.30 |
| Cyclical Goods & Services Total | 4,482 | 47,123 | 89.26 | 5.78 | 42,641 | 89.76 | 6.01 |
| ChevronTexaco Corp | 2,502 | 2,502 | 8.86 | 0.57 | 0 | 0.00 | 0.00 |
| Energy Total | 2,502 | 2,502 | 8.86 | 0.57 | 0 | 0.00 | 0.00 |
| iShares Core S&P 500 ETF | 5,322 | 32,890 | 38.02 | 2.46 | 27,568 | 50.32 | 3.37 |
| iShares Global Infrastructure ETF | 354,040 | 386,930 | 45.63 | 2.95 | 32,890 | 35.97 | 2.41 |
| Equities Total | 359,362 | 419,820 | 83.65 | 5.41 | 60,458 | 86.29 | 5.78 |
| Cme Group Incorporation | -1,455 | 3,807 | 19.25 | 1.25 | 5,262 | 23.81 | 1.59 |
| London Stock Exchange Group Plc | 0 | 10,670 | 21.35 | 1.38 | 10,670 | 21.29 | 1.43 |
| Melrose PLC | 0 | 182,900 | 20.76 | 1.34 | 182,900 | 23.99 | 1.61 |
| Scottish Mortgage Investment Trust Plc | 16,715 | 232,428 | 62.49 | 4.04 | 215,713 | 57.02 | 3.82 |
| Financial Services Total | 15,260 | 429,805 | 123.84 | 8.02 | 414,545 | 126.10 | 8.45 |
| JP Morgan Chase & Company | 2,900 | 2,900 | 14.60 | 0.95 | 0 | 0.00 | 0.00 |
| S&P Global Inc | 2,779 | 2,779 | 20.23 | 1.31 | 0 | 0.00 | 0.00 |
| Financials Total | 5,679 | 5,679 | 34.84 | 2.25 | 0 | 0.00 | 0.00 |
| Anheuser Busch InBev | -583 | 2,908 | 17.01 | 1.10 | 3,491 | 14.87 | 1.00 |
| Heineken Holding NV | 0 | 8,474 | 11.08 | 0.72 | 8,474 | 11.50 | 0.77 |
| Food & Beverage Total | -583 | 11,382 | 28.09 | 1.82 | 11,965 | 26.37 | 1.77 |
| European - Currency | 0 | 0 | 6.58 | 0.43 | 0 | 3.92 | 0.26 |
| United Kingdom - Currency | 0 | 0 | 3.85 | 0.25 | 0 | 0.79 | 0.05 |
| USA - Currency | 0 | 0 | 1.97 | 0.13 | 0 | 13.16 | 0.88 |
| For Currency Total | 0 | 0 | 12.40 | 0.80 | 0 | 17.87 | 1.20 |
| Foreign - Equities | 12,600 | 12,600 | 19.52 | 1.26 | 0 | 20.55 | 1.38 |
| Foreign Invest Total | 12,600 | 12,600 | 19.52 | 1.26 | 0 | 20.55 | 1.38 |
| Samsung Electronics Company Ltd (Korea) | -305 | 267 | 12.96 | 0.84 | 572 | 19.58 | 1.31 |
| Goods & Services Total | -305 | 267 | 12.96 | 0.84 | 572 | 19.58 | 1.31 |
| United Health Group | 0 | 3,304 | 15.30 | 0.99 | 3,304 | 18.07 | 1.21 |
| Zoetis Inc | 0 | 8,655 | 17.51 | 1.13 | 8,655 | 18.04 | 1.21 |
| Healthcare Total | 0 | 11,959 | 32.82 | 2.12 | 11,959 | 36.12 | 2.42 |
| AON Corporation | 825 | 3,745 | 20.69 | 1.34 | 2,920 | 17.07 | 1.14 |
| Berkshire Hathaway Inc | 0 | 22,400 | 183.74 | 11.89 | 22,400 | 186.57 | 12.49 |
| Insurance Total | 825 | 26,145 | 204.43 | 13.23 | 25,320 | 203.64 | 13.64 |
| Allan Gray-Orbis Global Equity Feeder - A | 113,501 | 1,598,300 | 270.56 | 17.51 | 1,484,799 | 250.10 | 16.75 |
| International Total | 113,501 | 1,598,300 | 270.56 | 17.51 | 1,484,799 | 250.10 | 16.75 |
| TotalEnergies SE | 0 | 14,003 | 22.35 | 1.45 | 14,003 | 15.15 | 1.01 |
| Oil and Gas Total | 0 | 14,003 | 22.35 | 1.45 | 14,003 | 15.15 | 1.01 |
| Visa Inc | 851 | 5,764 | 29.82 | 1.93 | 4,913 | 28.55 | 1.91 |
| Retail Total | 851 | 5,764 | 29.82 | 1.93 | 4,913 | 28.55 | 1.91 |
| Naspers Ltd. | 0 | 6,065 | 5.23 | 0.34 | 6,065 | 6.70 | 0.45 |
| Software and Computer Services Total | 0 | 6,065 | 5.23 | 0.34 | 6,065 | 6.70 | 0.45 |
| Amazon.Com | 0 | 9,606 | 34.25 | 2.22 | 9,606 | 36.74 | 2.46 |
| Applied Materials Incorporated | 715 | 5,458 | 18.98 | 1.23 | 4,743 | 20.22 | 1.35 |
| Broadcom Corporation | -2,801 | 1,589 | 8.42 | 0.54 | 4,390 | 25.18 | 1.69 |
| Fiserv Incorporated | 0 | 6,395 | 6.11 | 0.40 | 6,395 | 7.12 | 0.48 |
| Intuit Incorporated | 1,853 | 3,570 | 26.42 | 1.71 | 1,717 | 18.85 | 1.26 |
| Microsoft Corporation | 1,021 | 5,146 | 32.61 | 2.11 | 4,125 | 33.06 | 2.21 |
| Nvidia Corporation | 1,988 | 9,288 | 27.73 | 1.79 | 7,300 | 22.56 | 1.51 |
| SAP SE (spons. ADRs) | 1,749 | 5,509 | 15.96 | 1.03 | 3,760 | 15.25 | 1.02 |
| Taiwan Semiconductors | -1,286 | 4,449 | 25.74 | 1.67 | 5,735 | 28.88 | 1.93 |
| Technology Total | 3,239 | 51,010 | 196.21 | 12.70 | 47,771 | 207.84 | 13.92 |
| Portfolio Total | 170,103 | 5,354,311 | 1,544.95 | 100.00 | 5,184,208 | 1,493.15 | 100.00 |