| | | |
| Security | Change | # Units | Value (Rm) | % Fund | # Units | Value (Rm) | % Fund |
| Carvana Co | -176 | 0 | 0.00 | 0.00 | 176 | 1.19 | 0.12 |
| Auto Total | -176 | 0 | 0.00 | 0.00 | 176 | 1.19 | 0.12 |
| Absa Group Ltd. | 17,543 | 17,543 | 4.20 | 0.37 | 0 | 0.00 | 0.00 |
| Banks Total | 17,543 | 17,543 | 4.20 | 0.37 | 0 | 0.00 | 0.00 |
| Hecla Mining Co | 27,255 | 27,255 | 8.79 | 0.78 | 0 | 0.00 | 0.00 |
| Basic Resources Total | 27,255 | 27,255 | 8.79 | 0.78 | 0 | 0.00 | 0.00 |
| Cash on call | 0 | 0 | 12.13 | 1.07 | 0 | 30.23 | 2.98 |
| Margin Account | 0 | 0 | 0.40 | 0.04 | 0 | 2.20 | 0.22 |
| Cash on call Total | 0 | 0 | 12.53 | 1.11 | 0 | 32.43 | 3.20 |
| Sasol Ltd. | 11,018 | 300,445 | 31.91 | 2.83 | 289,427 | 31.08 | 3.07 |
| Chemicals Total | 11,018 | 300,445 | 31.91 | 2.83 | 289,427 | 31.08 | 3.07 |
| Archer Aviation Inc | -6,126 | 0 | 0.00 | 0.00 | 6,126 | 1.02 | 0.10 |
| Cyclical Goods & Services Total | -6,126 | 0 | 0.00 | 0.00 | 6,126 | 1.02 | 0.10 |
| SPDR S&P 500 ETF | 711 | 1,109 | 12.63 | 1.12 | 398 | 4.57 | 0.45 |
| Equities Total | 711 | 1,109 | 12.63 | 1.12 | 398 | 4.57 | 0.45 |
| Cipher Mining Inc | 25,113 | 43,852 | 10.58 | 0.94 | 18,739 | 4.10 | 0.40 |
| Robinhood Markets Inc | -4,841 | 1,468 | 2.80 | 0.25 | 6,309 | 14.91 | 1.47 |
| Financial Services Total | 20,272 | 45,320 | 13.38 | 1.19 | 25,048 | 19.00 | 1.88 |
| Celsius Holdings Inc | -1,185 | 0 | 0.00 | 0.00 | 1,185 | 1.17 | 0.12 |
| Food & Beverage Total | -1,185 | 0 | 0.00 | 0.00 | 1,185 | 1.17 | 0.12 |
| Astral Foods Ltd. | 20,948 | 20,948 | 5.59 | 0.50 | 0 | 0.00 | 0.00 |
| RFG Holdings Ltd. | 102,557 | 102,557 | 2.37 | 0.21 | 0 | 0.00 | 0.00 |
| Food Producers Total | 123,505 | 123,505 | 7.96 | 0.71 | 0 | 0.00 | 0.00 |
| European - Currency | 0 | 0 | 0.00 | 0.00 | 0 | 0.00 | 0.00 |
| USA - Currency | 0 | 0 | 1.68 | 0.15 | 0 | 1.49 | 0.15 |
| For Currency Total | 0 | 0 | 1.68 | 0.15 | 0 | 1.49 | 0.15 |
| Foreign - Equities | 0 | 0 | 40.94 | 3.63 | 0 | 14.84 | 1.47 |
| Foreign Invest Total | 0 | 0 | 40.94 | 3.63 | 0 | 14.84 | 1.47 |
| Barloworld Ltd. | -13,362 | 0 | 0.00 | 0.00 | 13,362 | 1.57 | 0.16 |
| General Industrials Total | -13,362 | 0 | 0.00 | 0.00 | 13,362 | 1.57 | 0.16 |
| Bloom Energy Company | 2,140 | 5,319 | 7.68 | 0.68 | 3,179 | 4.04 | 0.40 |
| GE Vernova Inc | -118 | 0 | 0.00 | 0.00 | 118 | 1.23 | 0.12 |
| Joby Aviation Inc | -9,846 | 0 | 0.00 | 0.00 | 9,846 | 2.72 | 0.27 |
| QuantumScape | 1,223 | 28,645 | 4.92 | 0.44 | 27,422 | 5.87 | 0.58 |
| Roblox Corporation | -3,520 | 0 | 0.00 | 0.00 | 3,520 | 8.61 | 0.85 |
| Goods & Services Total | -10,121 | 33,964 | 12.59 | 1.12 | 44,085 | 22.47 | 2.22 |
| Insmed Incorporated | -504 | 0 | 0.00 | 0.00 | 504 | 1.23 | 0.12 |
| Healthcare Total | -504 | 0 | 0.00 | 0.00 | 504 | 1.23 | 0.12 |
| Anglo American plc | 18,977 | 18,977 | 13.00 | 1.15 | 0 | 0.00 | 0.00 |
| Glencore plc | 110,877 | 110,877 | 10.11 | 0.90 | 0 | 0.00 | 0.00 |
| Industrial Metals and Mining Total | 129,854 | 129,854 | 23.11 | 2.05 | 0 | 0.00 | 0.00 |
| Grindrod Ltd. | 225,804 | 279,017 | 4.74 | 0.42 | 53,213 | 0.80 | 0.08 |
| Industrial Transportation Total | 225,804 | 279,017 | 4.74 | 0.42 | 53,213 | 0.80 | 0.08 |
| Methodical BCI Global Dynamic - B5 | 10,763,914 | 114,271,044 | 202.09 | 17.91 | 103,507,130 | 186.95 | 18.45 |
| International Total | 10,763,914 | 114,271,044 | 202.09 | 17.91 | 103,507,130 | 186.95 | 18.45 |
| Ninety One Ltd. | -22,627 | 40,845 | 1.95 | 0.17 | 63,472 | 2.89 | 0.29 |
| Ninety One plc | -5,193 | 55,851 | 2.70 | 0.24 | 61,044 | 2.86 | 0.28 |
| PSG Financial Services Ltd. | 44,873 | 44,873 | 1.22 | 0.11 | 0 | 0.00 | 0.00 |
| Investment Banking and Brokerage Services Total | 17,053 | 141,569 | 5.87 | 0.52 | 124,516 | 5.75 | 0.57 |
| Warner Bros. Discovery International | 2,788 | 2,788 | 1.33 | 0.12 | 0 | 0.00 | 0.00 |
| Media Total | 2,788 | 2,788 | 1.33 | 0.12 | 0 | 0.00 | 0.00 |
| Exxaro Resources Ltd. | 2,963 | 2,963 | 0.53 | 0.05 | 0 | 0.00 | 0.00 |
| Oil, Gas and Coal Total | 2,963 | 2,963 | 0.53 | 0.05 | 0 | 0.00 | 0.00 |
| Adcock Ingram Holdings Ltd. | -34,493 | 0 | 0.00 | 0.00 | 34,493 | 2.48 | 0.25 |
| Pharmaceuticals and Biotechnology Total | -34,493 | 0 | 0.00 | 0.00 | 34,493 | 2.48 | 0.25 |
| DRDGOLD Ltd. | 1,408,813 | 1,547,296 | 81.02 | 7.18 | 138,483 | 6.54 | 0.65 |
| Impala Platinum Holdings Ltd. | -34,054 | 319,048 | 83.59 | 7.41 | 353,102 | 76.86 | 7.59 |
| Northam Platinum Holdings Ltd. | 35,257 | 265,738 | 89.58 | 7.94 | 230,481 | 64.30 | 6.35 |
| Pan African Resources plc | -318,035 | 3,553,442 | 95.69 | 8.48 | 3,871,477 | 77.82 | 7.68 |
| Sibanye Stillwater Ltd. | 146,637 | 1,647,632 | 99.68 | 8.83 | 1,500,995 | 73.83 | 7.29 |
| Valterra Platinum Ltd. | 10,791 | 63,067 | 88.90 | 7.88 | 52,276 | 63.15 | 6.23 |
| Precious Metals and Mining Total | 1,249,409 | 7,396,223 | 538.46 | 47.72 | 6,146,814 | 362.51 | 35.78 |
| Fairvest Ltd. | 751,316 | 751,316 | 5.39 | 0.48 | 0 | 0.00 | 0.00 |
| Growthpoint Properties Ltd. | 1,467,888 | 1,467,888 | 25.19 | 2.23 | 0 | 0.00 | 0.00 |
| Hammerson plc | 0 | 0 | 0.00 | 0.00 | 0 | 0.03 | 0.00 |
| Hyprop Investments Ltd. | 13,256 | 13,256 | 0.76 | 0.07 | 0 | 0.00 | 0.00 |
| Redefine Properties Ltd. | 1,286,599 | 1,286,599 | 7.72 | 0.68 | 0 | 0.00 | 0.00 |
| Shaftesbury Capital plc | 0 | 0 | 0.00 | 0.00 | 0 | 0.02 | 0.00 |
| Real Estate Investment Trusts Total | 3,519,059 | 3,519,059 | 39.06 | 3.46 | 0 | 0.05 | 0.00 |
| Wayfair Inc | -1,163 | 709 | 1.18 | 0.11 | 1,872 | 2.89 | 0.28 |
| Retail Total | -1,163 | 709 | 1.18 | 0.11 | 1,872 | 2.89 | 0.28 |
| Motus Holdings Ltd. | 56,144 | 56,144 | 6.85 | 0.61 | 0 | 0.00 | 0.00 |
| We Buy Cars Holdings Ltd. | -52,475 | 0 | 0.00 | 0.00 | 52,475 | 2.91 | 0.29 |
| Retailers Total | 3,669 | 56,144 | 6.85 | 0.61 | 52,475 | 2.91 | 0.29 |
| Datatec Ltd. | 0 | 45,310 | 3.58 | 0.32 | 45,310 | 2.71 | 0.27 |
| Naspers Ltd. | 1,329 | 7,525 | 8.31 | 0.74 | 6,196 | 39.04 | 3.85 |
| Prosus NV | -33,091 | 15,410 | 15.77 | 1.40 | 48,501 | 59.40 | 5.86 |
| Software and Computer Services Total | -31,762 | 68,245 | 27.67 | 2.45 | 100,007 | 101.16 | 9.99 |
| Applied Digital Corporation | 7,267 | 23,933 | 9.53 | 0.84 | 16,666 | 6.38 | 0.63 |
| AppLovin Corporation | -345 | 0 | 0.00 | 0.00 | 345 | 4.25 | 0.42 |
| Astera Labs Inc | -2,533 | 0 | 0.00 | 0.00 | 2,533 | 8.70 | 0.86 |
| BigBear.ai Holdings Inc | -74,300 | 0 | 0.00 | 0.00 | 74,300 | 8.30 | 0.82 |
| Ciena Corporation | 905 | 905 | 3.57 | 0.32 | 0 | 0.00 | 0.00 |
| Credo Technology Group Holding | -2,772 | 1,315 | 3.15 | 0.28 | 4,087 | 10.31 | 1.02 |
| Hut 8 Mining Corp | 2,223 | 2,223 | 1.70 | 0.15 | 0 | 0.00 | 0.00 |
| IonQ Inc | -7,265 | 0 | 0.00 | 0.00 | 7,265 | 8.07 | 0.80 |
| Kratos Defense & Security Solutions Inc. | -4,698 | 0 | 0.00 | 0.00 | 4,698 | 7.15 | 0.71 |
| Micron Technology | 318 | 318 | 1.54 | 0.14 | 0 | 0.00 | 0.00 |
| NuScale Power Corp | -3,941 | 0 | 0.00 | 0.00 | 3,941 | 2.60 | 0.26 |
| Palantir Technologies | -3,541 | 91 | 0.27 | 0.02 | 3,632 | 11.23 | 1.11 |
| Rigetti Computing Inc | 7,624 | 10,222 | 3.79 | 0.34 | 2,598 | 1.33 | 0.13 |
| Rocket Lab USA Inc | -9,031 | 0 | 0.00 | 0.00 | 9,031 | 7.34 | 0.72 |
| Western Digital Corporation | 5,600 | 5,600 | 16.31 | 1.45 | 0 | 0.00 | 0.00 |
| Technology Total | -84,489 | 44,607 | 39.86 | 3.53 | 129,096 | 75.65 | 7.47 |
| AST SpaceMobile Inc | -1,992 | 2,277 | 2.81 | 0.25 | 4,269 | 3.60 | 0.36 |
| Lumentum Holdings Inc. | -947 | 0 | 0.00 | 0.00 | 947 | 2.66 | 0.26 |
| Telecom Total | -2,939 | 2,277 | 2.81 | 0.25 | 5,216 | 6.26 | 0.62 |
| Blu Label Unlimited Group Ltd. | -116,893 | 262,700 | 2.77 | 0.25 | 379,593 | 4.50 | 0.44 |
| MTN Group Ltd. | -7,737 | 277,634 | 47.06 | 4.17 | 285,371 | 40.03 | 3.95 |
| Telkom SA SOC Ltd. | -507,780 | 562,094 | 33.17 | 2.94 | 1,069,874 | 54.78 | 5.41 |
| Vodacom Group Ltd. | -5,816 | 0 | 0.00 | 0.00 | 5,816 | 0.77 | 0.08 |
| Telecommunications Service Providers Total | -638,226 | 1,102,428 | 83.00 | 7.36 | 1,740,654 | 100.08 | 9.88 |
| British American Tobacco plc | -31,409 | 5,364 | 5.12 | 0.45 | 36,773 | 33.49 | 3.31 |
| Tobacco Total | -31,409 | 5,364 | 5.12 | 0.45 | 36,773 | 33.49 | 3.31 |
| Portfolio Total | 15,258,862 | 127,571,432 | 1,128.28 | 100.00 | 112,312,570 | 1,013.09 | 100.00 |