| | | |
| Security | Change | # Units | Value (Rm) | % Fund | # Units | Value (Rm) | % Fund |
| Copart Inc Com | 27,603 | 27,603 | 17.91 | 1.20 | 0 | 0.00 | 0.00 |
| Auto Total | 27,603 | 27,603 | 17.91 | 1.20 | 0 | 0.00 | 0.00 |
| Nu Holdings Ltd | 0 | 105,971 | 29.39 | 1.97 | 105,971 | 29.27 | 1.99 |
| Banks Total | 0 | 105,971 | 29.39 | 1.97 | 105,971 | 29.27 | 1.99 |
| iShares Core Global Aggregate ETF | 0 | 2,442,403 | 180.74 | 12.10 | 2,442,403 | 187.71 | 12.76 |
| iShares Short Treasury Bond ETF | 359,362 | 386,930 | 40.66 | 2.72 | 27,568 | 52.55 | 3.57 |
| iShares US Treasury Bond ETF | 0 | 93,710 | 35.75 | 2.39 | 93,710 | 37.38 | 2.54 |
| Bonds Total | 359,362 | 2,923,043 | 257.15 | 17.22 | 2,563,681 | 277.64 | 18.87 |
| Cash on call | 0 | 0 | 29.31 | 1.96 | 0 | 3.38 | 0.23 |
| Cash on call Total | 0 | 0 | 29.31 | 1.96 | 0 | 3.38 | 0.23 |
| Thermo Fisher Scientific Inc | 0 | 2,580 | 24.77 | 1.66 | 2,580 | 21.59 | 1.47 |
| Chemicals Total | 0 | 2,580 | 24.77 | 1.66 | 2,580 | 21.59 | 1.47 |
| Alphabet Inc C | -3,138 | 5,910 | 30.73 | 2.06 | 9,048 | 38.02 | 2.58 |
| Intercontinental Hotels Group Plc | 1,348 | 11,028 | 25.71 | 1.72 | 9,680 | 20.18 | 1.37 |
| Reckitt Benckiser | 0 | 10,403 | 13.92 | 0.93 | 10,403 | 13.82 | 0.94 |
| Tencent Holdings Ltd | 0 | 15,300 | 19.41 | 1.30 | 15,300 | 22.48 | 1.53 |
| Cyclical Goods & Services Total | -1,790 | 42,641 | 89.76 | 6.01 | 44,431 | 94.49 | 6.42 |
| iShares Core S&P 500 ETF | -5,322 | 27,568 | 50.32 | 3.37 | 32,890 | 37.03 | 2.52 |
| iShares Global Infrastructure ETF | -354,040 | 32,890 | 35.97 | 2.41 | 386,930 | 42.14 | 2.86 |
| Equities Total | -359,362 | 60,458 | 86.29 | 5.78 | 419,820 | 79.17 | 5.38 |
| Cme Group Incorporation | 0 | 5,262 | 23.81 | 1.59 | 5,262 | 24.53 | 1.67 |
| London Stock Exchange Group Plc | 0 | 10,670 | 21.29 | 1.43 | 10,670 | 21.10 | 1.43 |
| Melrose PLC | 0 | 182,900 | 23.99 | 1.61 | 182,900 | 25.86 | 1.76 |
| Scottish Mortgage Investment Trust Plc | 17,482 | 215,713 | 57.02 | 3.82 | 198,231 | 52.37 | 3.56 |
| Financial Services Total | 17,482 | 414,545 | 126.10 | 8.45 | 397,063 | 123.87 | 8.42 |
| Anheuser Busch InBev | -1,052 | 3,491 | 14.87 | 1.00 | 4,543 | 16.05 | 1.09 |
| Heineken Holding NV | 0 | 8,474 | 11.50 | 0.77 | 8,474 | 11.41 | 0.78 |
| Food & Beverage Total | -1,052 | 11,965 | 26.37 | 1.77 | 13,017 | 27.46 | 1.87 |
| European - Currency | 0 | 0 | 3.92 | 0.26 | 0 | 11.36 | 0.77 |
| United Kingdom - Currency | 0 | 0 | 0.79 | 0.05 | 0 | 8.50 | 0.58 |
| USA - Currency | 0 | 0 | 13.16 | 0.88 | 0 | 20.16 | 1.37 |
| For Currency Total | 0 | 0 | 17.87 | 1.20 | 0 | 40.02 | 2.72 |
| Foreign - Equities | 0 | 0 | 20.55 | 1.38 | 0 | 0.00 | 0.00 |
| Foreign Invest Total | 0 | 0 | 20.55 | 1.38 | 0 | 0.00 | 0.00 |
| Parker-Hannifin Corporation | -1,402 | 0 | 0.00 | 0.00 | 1,402 | 18.34 | 1.25 |
| Samsung Electronics Company Ltd (Korea) | -199 | 572 | 19.58 | 1.31 | 771 | 19.87 | 1.35 |
| Goods & Services Total | -1,601 | 572 | 19.58 | 1.31 | 2,173 | 38.21 | 2.60 |
| United Health Group | 0 | 3,304 | 18.07 | 1.21 | 3,304 | 19.68 | 1.34 |
| Zoetis Inc | 1,500 | 8,655 | 18.04 | 1.21 | 7,155 | 18.06 | 1.23 |
| Healthcare Total | 1,500 | 11,959 | 36.12 | 2.42 | 10,459 | 37.74 | 2.57 |
| AON Corporation | 520 | 2,920 | 17.07 | 1.14 | 2,400 | 14.76 | 1.00 |
| Berkshire Hathaway Inc | 0 | 22,400 | 186.57 | 12.49 | 22,400 | 194.29 | 13.21 |
| Insurance Total | 520 | 25,320 | 203.64 | 13.64 | 24,800 | 209.05 | 14.21 |
| Allan Gray-Orbis Global Equity Feeder - A | 0 | 1,484,799 | 250.10 | 16.75 | 1,484,799 | 249.81 | 16.98 |
| International Total | 0 | 1,484,799 | 250.10 | 16.75 | 1,484,799 | 249.81 | 16.98 |
| TotalEnergies SE | 0 | 14,003 | 15.15 | 1.01 | 14,003 | 14.68 | 1.00 |
| Oil and Gas Total | 0 | 14,003 | 15.15 | 1.01 | 14,003 | 14.68 | 1.00 |
| Visa Inc | 0 | 4,913 | 28.55 | 1.91 | 4,913 | 28.94 | 1.97 |
| Retail Total | 0 | 4,913 | 28.55 | 1.91 | 4,913 | 28.94 | 1.97 |
| Naspers Ltd. | 4,852 | 6,065 | 6.70 | 0.45 | 1,213 | 7.59 | 0.52 |
| Software and Computer Services Total | 4,852 | 6,065 | 6.70 | 0.45 | 1,213 | 7.59 | 0.52 |
| Amazon.Com | 1,145 | 9,606 | 36.74 | 2.46 | 8,461 | 32.05 | 2.18 |
| Applied Materials Incorporated | 0 | 4,743 | 20.22 | 1.35 | 4,743 | 24.02 | 1.63 |
| Broadcom Corporation | -1,110 | 4,390 | 25.18 | 1.69 | 5,500 | 31.30 | 2.13 |
| Fiserv Incorporated | 0 | 6,395 | 7.12 | 0.48 | 6,395 | 14.22 | 0.97 |
| Intuit Incorporated | 0 | 1,717 | 18.85 | 1.26 | 1,717 | 20.23 | 1.38 |
| Microsoft Corporation | 1,431 | 4,125 | 33.06 | 2.21 | 2,694 | 24.07 | 1.64 |
| Nvidia Corporation | 7,300 | 7,300 | 22.56 | 1.51 | 0 | 0.00 | 0.00 |
| SAP SE (spons. ADRs) | 1,821 | 3,760 | 15.25 | 1.02 | 1,939 | 8.96 | 0.61 |
| Taiwan Semiconductors | -1,165 | 5,735 | 28.88 | 1.93 | 6,900 | 33.25 | 2.26 |
| Technology Total | 9,422 | 47,771 | 207.84 | 13.92 | 38,349 | 188.11 | 12.79 |
| Portfolio Total | 56,936 | 5,184,208 | 1,493.15 | 100.00 | 5,127,272 | 1,471.02 | 100.00 |