| | | |
| Security | Change | # Units | Value (Rm) | % Fund | # Units | Value (Rm) | % Fund |
| FirstRand Ltd. | 3,575,192 | 3,575,192 | 278.47 | 4.43 | 0 | 0.00 | 0.00 |
| Nedbank Group Ltd. | 893,875 | 893,875 | 191.73 | 3.05 | 0 | 0.00 | 0.00 |
| Standard Bank Group Ltd. | 1,044,814 | 1,044,814 | 247.33 | 3.94 | 0 | 0.00 | 0.00 |
| Banks Total | 5,513,881 | 5,513,881 | 717.53 | 11.43 | 0 | 0.00 | 0.00 |
| Consumer Goods | 0 | 0 | 0.00 | 0.00 | 0 | 638.31 | 9.58 |
| Anheuser-Busch InBev SA/NV | 152,896 | 152,896 | 157.83 | 2.51 | 0 | 0.00 | 0.00 |
| Beverages Total | 152,896 | 152,896 | 157.83 | 2.51 | 0 | 638.31 | 9.58 |
| BlackRock ICS Euro Liquidity Fund | 2,300,000 | 2,300,000 | 46.75 | 0.74 | 0 | 0.00 | 0.00 |
| Cash Total | 2,300,000 | 2,300,000 | 46.75 | 0.74 | 0 | 0.00 | 0.00 |
| 0 | 0 | 0.00 | 0.00 | 0 | 42.90 | 0.64 |
| Cash on call | 0 | 0 | 64.03 | 1.02 | 0 | 0.00 | 0.00 |
| Cash on call Total | 0 | 0 | 64.03 | 1.02 | 0 | 42.90 | 0.64 |
| AECI Ltd. | 2,102,260 | 2,102,260 | 204.21 | 3.25 | 0 | 0.00 | 0.00 |
| Sasol Ltd. | 430 | 430 | 0.05 | 0.00 | 0 | 0.00 | 0.00 |
| Chemicals Total | 2,102,690 | 2,102,690 | 204.26 | 3.25 | 0 | 0.00 | 0.00 |
| Curro Holdings Ltd. | 10,317,324 | 10,317,324 | 123.19 | 1.96 | 0 | 0.00 | 0.00 |
| Melco Resorts and Entertainment Ltd | 677,100 | 677,100 | 115.15 | 1.83 | 0 | 0.00 | 0.00 |
| Consumer Services Total | 10,994,424 | 10,994,424 | 238.34 | 3.80 | 0 | 0.00 | 0.00 |
| Galaxy Entertainment Group | 849,560 | 849,560 | 82.23 | 1.31 | 0 | 0.00 | 0.00 |
| Jumbo SA | 204,871 | 204,871 | 122.20 | 1.95 | 0 | 0.00 | 0.00 |
| Cyclical Goods & Services Total | 1,054,431 | 1,054,431 | 204.43 | 3.26 | 0 | 0.00 | 0.00 |
| Conocophillips Incorporated | 31,602 | 31,602 | 52.35 | 0.83 | 0 | 0.00 | 0.00 |
| Energy Total | 31,602 | 31,602 | 52.35 | 0.83 | 0 | 0.00 | 0.00 |
| Dollar General Corp | 38,792 | 38,792 | 69.02 | 1.10 | 0 | 0.00 | 0.00 |
| Equities Total | 38,792 | 38,792 | 69.02 | 1.10 | 0 | 0.00 | 0.00 |
| Nutun Ltd. | 21,906,008 | 21,906,008 | 22.02 | 0.35 | 0 | 0.00 | 0.00 |
| Finance and Credit Services Total | 21,906,008 | 21,906,008 | 22.02 | 0.35 | 0 | 0.00 | 0.00 |
| ST James Place | 866,189 | 866,189 | 254.10 | 4.05 | 0 | 0.00 | 0.00 |
| Financial Services Total | 866,189 | 866,189 | 254.10 | 4.05 | 0 | 0.00 | 0.00 |
| Becle SAB de CV | 7,310,311 | 7,310,311 | 133.27 | 2.12 | 0 | 0.00 | 0.00 |
| Budweiser Brewing Company APAC Ltd | 4,117,680 | 4,117,680 | 75.73 | 1.21 | 0 | 0.00 | 0.00 |
| Food & Beverage Total | 11,427,991 | 11,427,991 | 209.00 | 3.33 | 0 | 0.00 | 0.00 |
| Consumer Services | 0 | 0 | 0.00 | 0.00 | 0 | 562.84 | 8.45 |
| Food & Drug Retailers Total | 0 | 0 | 0.00 | 0.00 | 0 | 562.84 | 8.45 |
| Oceana Group Ltd. | 2,403,728 | 2,403,728 | 120.28 | 1.92 | 0 | 0.00 | 0.00 |
| Food Producers Total | 2,403,728 | 2,403,728 | 120.28 | 1.92 | 0 | 0.00 | 0.00 |
| European - Currency | 0 | 0 | 17.31 | 0.28 | 0 | 0.00 | 0.00 |
| Foreign - Money Market | 0 | 0 | 0.87 | 0.01 | 0 | 0.00 | 0.00 |
| Foreign Cash | 0 | 0 | 0.00 | 0.00 | 0 | 15.29 | 0.23 |
| United Kingdom - Currency | 0 | 0 | 16.02 | 0.26 | 0 | 0.00 | 0.00 |
| USA - Currency | 0 | 0 | 12.83 | 0.20 | 0 | 0.00 | 0.00 |
| For Currency Total | 0 | 0 | 47.02 | 0.75 | 0 | 15.29 | 0.23 |
| Foreign - Equities | 0 | 0 | 1.33 | 0.02 | 0 | 0.00 | 0.00 |
| Foreign - Unit Trusts | 1,260,000 | 1,260,000 | 29.56 | 0.47 | 0 | 0.00 | 0.00 |
| Foreign Direct Funds (FCIS Equity) | 0 | 0 | 0.00 | 0.00 | 0 | 527.96 | 7.92 |
| Total Foreign Equities | 0 | 0 | 0.00 | 0.00 | 0 | 1,316.25 | 19.75 |
| Foreign Invest Total | 1,260,000 | 1,260,000 | 30.89 | 0.49 | 0 | 1,844.21 | 27.68 |
| Basic Materials | 0 | 0 | 0.00 | 0.00 | 0 | 602.32 | 9.04 |
| Forestry & Paper Total | 0 | 0 | 0.00 | 0.00 | 0 | 602.32 | 9.04 |
| Domestic Funds (Equity) | 0 | 0 | 0.00 | 0.00 | 0 | 210.82 | 3.16 |
| Other Equities | 0 | 0 | 0.00 | 0.00 | 0 | 927.83 | 13.93 |
| General Equity Total | 0 | 0 | 0.00 | 0.00 | 0 | 1,138.65 | 17.09 |
| Financials | 0 | 0 | 0.00 | 0.00 | 0 | 1,074.79 | 16.13 |
| General Financial Total | 0 | 0 | 0.00 | 0.00 | 0 | 1,074.79 | 16.13 |
| Industrials | 0 | 0 | 0.00 | 0.00 | 0 | 546.96 | 8.21 |
| Mondi plc | 54,300 | 54,300 | 12.82 | 0.20 | 0 | 0.00 | 0.00 |
| General Industrials Total | 54,300 | 54,300 | 12.82 | 0.20 | 0 | 546.96 | 8.21 |
| Sabre Holdings Corporation | 790,150 | 790,150 | 25.13 | 0.40 | 0 | 0.00 | 0.00 |
| Goods & Services Total | 790,150 | 790,150 | 25.13 | 0.40 | 0 | 0.00 | 0.00 |
| Health Care | 0 | 0 | 0.00 | 0.00 | 0 | 196.72 | 2.95 |
| Health Care Equipment & Services Total | 0 | 0 | 0.00 | 0.00 | 0 | 196.72 | 2.95 |
| Netcare Ltd. | 14,579,311 | 14,579,311 | 208.63 | 3.32 | 0 | 0.00 | 0.00 |
| Health Care Providers Total | 14,579,311 | 14,579,311 | 208.63 | 3.32 | 0 | 0.00 | 0.00 |
| Anglo American plc | 390,390 | 390,390 | 251.83 | 4.01 | 0 | 0.00 | 0.00 |
| BHP Group Ltd. | 456,565 | 456,565 | 218.37 | 3.48 | 0 | 0.00 | 0.00 |
| Industrial Metals and Mining Total | 846,955 | 846,955 | 470.19 | 7.49 | 0 | 0.00 | 0.00 |
| Hudaco Industries Ltd. | 655,005 | 655,005 | 115.04 | 1.83 | 0 | 0.00 | 0.00 |
| Industrial Support Services Total | 655,005 | 655,005 | 115.04 | 1.83 | 0 | 0.00 | 0.00 |
| Super Group Ltd. | 9,122,223 | 9,122,223 | 116.31 | 1.85 | 0 | 0.00 | 0.00 |
| Industrial Transportation Total | 9,122,223 | 9,122,223 | 116.31 | 1.85 | 0 | 0.00 | 0.00 |
| Ninety One Ltd. | 2,480,604 | 2,480,604 | 112.84 | 1.80 | 0 | 0.00 | 0.00 |
| Ninety One plc | 348,661 | 348,661 | 16.36 | 0.26 | 0 | 0.00 | 0.00 |
| Reinet Investments SCA | 641,492 | 641,492 | 324.02 | 5.16 | 0 | 0.00 | 0.00 |
| Remgro Ltd. | 1,637,168 | 1,637,168 | 276.55 | 4.40 | 0 | 0.00 | 0.00 |
| Investment Banking and Brokerage Services Total | 5,107,925 | 5,107,925 | 729.77 | 11.62 | 0 | 0.00 | 0.00 |
| eMedia Holdings Ltd. | 687,028 | 687,028 | 1.20 | 0.02 | 0 | 0.00 | 0.00 |
| Media Total | 687,028 | 687,028 | 1.20 | 0.02 | 0 | 0.00 | 0.00 |
| Coronation Money Market - P | 850,000 | 850,000 | 0.91 | 0.01 | 0 | 0.00 | 0.00 |
| Nedgroup Inv Money Market - C | 4,750,000 | 4,750,000 | 4.84 | 0.08 | 0 | 0.00 | 0.00 |
| Ninety One Money Market - A | 500,000 | 500,000 | 0.50 | 0.01 | 0 | 0.00 | 0.00 |
| Prescient Money Market - B1 | 5,750,000 | 5,750,000 | 5.82 | 0.09 | 0 | 0.00 | 0.00 |
| Money Market Total | 11,850,000 | 11,850,000 | 12.07 | 0.19 | 0 | 0.00 | 0.00 |
| Aylett Global Equity - A1 | 214,679 | 214,679 | 509.13 | 8.11 | 0 | 0.00 | 0.00 |
| Offshore Intern Total | 214,679 | 214,679 | 509.13 | 8.11 | 0 | 0.00 | 0.00 |
| The SPAR Group Ltd. | 1,785,599 | 1,785,599 | 172.70 | 2.75 | 0 | 0.00 | 0.00 |
| Personal Care, Drug and Grocery Stores Total | 1,785,599 | 1,785,599 | 172.70 | 2.75 | 0 | 0.00 | 0.00 |
| Impala Platinum Holdings Ltd. | 904,068 | 904,068 | 196.90 | 3.14 | 0 | 0.00 | 0.00 |
| Valterra Platinum Ltd. | 44,636 | 44,636 | 53.92 | 0.86 | 0 | 0.00 | 0.00 |
| Precious Metals and Mining Total | 948,704 | 948,704 | 250.82 | 3.99 | 0 | 0.00 | 0.00 |
| Bath & Body Works Inc | 230,071 | 230,071 | 103.62 | 1.65 | 0 | 0.00 | 0.00 |
| Diageo | 291,801 | 291,801 | 119.57 | 1.90 | 0 | 0.00 | 0.00 |
| Retail Total | 521,872 | 521,872 | 223.19 | 3.55 | 0 | 0.00 | 0.00 |
| We Buy Cars Holdings Ltd. | 6,242,121 | 6,242,121 | 346.44 | 5.52 | 0 | 0.00 | 0.00 |
| Retailers Total | 6,242,121 | 6,242,121 | 346.44 | 5.52 | 0 | 0.00 | 0.00 |
| British American Tobacco plc | 338,741 | 338,741 | 308.50 | 4.91 | 0 | 0.00 | 0.00 |
| Tobacco Total | 338,741 | 338,741 | 308.50 | 4.91 | 0 | 0.00 | 0.00 |
| Famous Brands Ltd. | 1,238,378 | 1,238,378 | 66.36 | 1.06 | 0 | 0.00 | 0.00 |
| Southern Sun Ltd. | 13,944,289 | 13,944,289 | 119.50 | 1.90 | 0 | 0.00 | 0.00 |
| Spur Corporation Ltd. | 2,431,236 | 2,431,236 | 82.93 | 1.32 | 0 | 0.00 | 0.00 |
| Tsogo Sun Ltd. | 10,827,249 | 10,827,249 | 70.49 | 1.12 | 0 | 0.00 | 0.00 |
| Travel and Leisure Total | 28,441,152 | 28,441,152 | 339.28 | 5.40 | 0 | 0.00 | 0.00 |
| Portfolio Total | 142,238,397 | 142,238,397 | 6,279.05 | 100.00 | 0 | 6,663.01 | 100.00 |