| | | |
| Security | Change | # Units | Value (Rm) | % Fund | # Units | Value (Rm) | % Fund |
| Auto1 Group SE | -3,184,085 | 0 | 0.00 | 0.00 | 3,184,085 | 1,855.08 | 1.30 |
| Auto Total | -3,184,085 | 0 | 0.00 | 0.00 | 3,184,085 | 1,855.08 | 1.30 |
| Capitec Bank Holdings Ltd. | -26,519 | 822,496 | 3,418.13 | 2.35 | 849,015 | 2,949.48 | 2.06 |
| Standard Bank Group Ltd. | -282,682 | 11,522,619 | 3,346.17 | 2.30 | 11,805,301 | 2,790.66 | 1.95 |
| Banks Total | -309,201 | 12,345,115 | 6,764.30 | 4.64 | 12,654,316 | 5,740.13 | 4.02 |
| SA Bond BNDS | -224,500,000 | 0 | 7,474.76 | 5.13 | 224,500,000 | 6,784.38 | 4.75 |
| SA Bond I2033 | 0 | 3,959,601,859 | 5,604.62 | 3.85 | 3,959,601,859 | 5,299.07 | 3.71 |
| SA Bond R2035 | -130,900,000 | 2,642,997,000 | 2,836.39 | 1.95 | 2,773,897,000 | 2,745.42 | 1.92 |
| SA Bond R2037 | -92,300,000 | 2,359,100,000 | 2,430.24 | 1.67 | 2,451,400,000 | 2,291.08 | 1.60 |
| Bond Total | -447,700,000 | 8,961,698,859 | 18,346.01 | 12.59 | 9,409,398,859 | 17,119.96 | 11.98 |
| Cash on call | 0 | 0 | 5,159.91 | 3.54 | 0 | 6,460.41 | 4.52 |
| Cash on call Total | 0 | 0 | 5,159.91 | 3.54 | 0 | 6,460.41 | 4.52 |
| ADvTECH Ltd. | -2,099,581 | 44,366,650 | 1,651.77 | 1.13 | 46,466,231 | 1,462.76 | 1.02 |
| Consumer Services Total | -2,099,581 | 44,366,650 | 1,651.77 | 1.13 | 46,466,231 | 1,462.76 | 1.02 |
| Egerton Capital Equity Fund | -1,297,152 | 0 | 0.00 | 0.00 | 1,297,152 | 3,797.33 | 2.66 |
| Equities Total | -1,297,152 | 0 | 0.00 | 0.00 | 1,297,152 | 3,797.33 | 2.66 |
| 1nvestPlatinum ETF | 0 | 0 | 1,775.31 | 1.22 | 0 | 0.00 | 0.00 |
| Exchange Traded Funds Total | 0 | 0 | 1,775.31 | 1.22 | 0 | 0.00 | 0.00 |
| Foreign - Currency | 0 | 0 | 3,379.32 | 2.32 | 0 | 5,131.11 | 3.59 |
| For Currency Total | 0 | 0 | 3,379.32 | 2.32 | 0 | 5,131.11 | 3.59 |
| Foreign - Bonds | 0 | 0 | 8,912.87 | 6.12 | 0 | 9,134.48 | 6.39 |
| Foreign - Equities | 0 | 0 | 49,931.37 | 34.26 | 0 | 38,973.81 | 27.27 |
| Foreign Invest Total | 0 | 0 | 58,844.24 | 40.38 | 0 | 48,108.29 | 33.66 |
| Foreign - Property | 0 | 0 | 123.18 | 0.08 | 0 | 223.08 | 0.16 |
| Hammerson Plc | -22,174,191 | 0 | 0.00 | 0.00 | 22,174,191 | 1,512.88 | 1.06 |
| Foreign Property Total | -22,174,191 | 0 | 123.18 | 0.08 | 22,174,191 | 1,735.95 | 1.21 |
| Anglo American plc | -1,099,519 | 0 | 17,171.78 | 11.78 | 1,099,519 | 17,595.28 | 12.31 |
| Industrial Metals and Mining Total | -1,099,519 | 0 | 17,171.78 | 11.78 | 1,099,519 | 17,595.28 | 12.31 |
| PSG Financial Services Ltd. | 55,952,840 | 55,952,840 | 1,524.71 | 1.05 | 0 | 0.00 | 0.00 |
| Investment Banking and Brokerage Services Total | 55,952,840 | 55,952,840 | 1,524.71 | 1.05 | 0 | 0.00 | 0.00 |
| Contrarius Global Equity Fund - Institutional Class | -3,689 | 0 | 0.00 | 0.00 | 3,689 | 3,689.71 | 2.58 |
| Offshore Intern Total | -3,689 | 0 | 0.00 | 0.00 | 3,689 | 3,689.71 | 2.58 |
| Bid Corporation Ltd. | 159,500 | 3,504,683 | 1,478.52 | 1.01 | 3,345,183 | 1,445.96 | 1.01 |
| Dis-Chem Pharmacies Ltd. | 2,826,061 | 50,585,143 | 1,770.48 | 1.22 | 47,759,082 | 1,563.63 | 1.09 |
| Personal Care, Drug and Grocery Stores Total | 2,985,561 | 54,089,826 | 3,249.00 | 2.23 | 51,104,265 | 3,009.59 | 2.11 |
| Compagnie Financière Richemont SA | -155,445 | 574,574 | 2,084.00 | 1.43 | 730,019 | 2,386.62 | 1.67 |
| Personal Goods Total | -155,445 | 574,574 | 2,084.00 | 1.43 | 730,019 | 2,386.62 | 1.67 |
| AngloGold Ashanti plc | -771,698 | 1,348,051 | 1,931.96 | 1.33 | 2,119,749 | 2,572.38 | 1.80 |
| Gold Fields Ltd. | -264,120 | 2,623,691 | 1,904.04 | 1.31 | 2,887,811 | 2,105.47 | 1.47 |
| Northam Platinum Holdings Ltd. | -527,692 | 8,900,315 | 3,000.39 | 2.06 | 9,428,007 | 2,649.27 | 1.85 |
| Precious Metals and Mining Total | -1,563,510 | 12,872,057 | 6,836.38 | 4.69 | 14,435,567 | 7,327.12 | 5.13 |
| Property positions individually less than 1% of fund | 0 | 0 | 4,005.25 | 2.75 | 0 | 0.00 | 0.00 |
| Real Estate Total | 0 | 0 | 4,005.25 | 2.75 | 0 | 0.00 | 0.00 |
| Fortress Real Estate Investments Ltd. | 83,357,489 | 83,357,489 | 1,992.24 | 1.37 | 0 | 0.00 | 0.00 |
| NEPI Rockcastle NV | 399,586 | 16,800,354 | 2,450.33 | 1.68 | 16,400,768 | 2,363.03 | 1.65 |
| Real Estate Investment and Services Total | 83,757,075 | 100,157,843 | 4,442.58 | 3.05 | 16,400,768 | 2,363.03 | 1.65 |
| Attacq Ltd. | -58,534,008 | 0 | 0.00 | 0.00 | 58,534,008 | 4,682.71 | 3.28 |
| Hammerson plc | 22,174,191 | 22,174,191 | 1,620.05 | 1.11 | 0 | 0.00 | 0.00 |
| Real Estate Investment Trusts Total | -36,359,817 | 22,174,191 | 1,620.05 | 1.11 | 58,534,008 | 4,682.71 | 3.28 |
| We Buy Cars Holdings Ltd. | -1,531,928 | 33,755,907 | 1,614.55 | 1.11 | 35,287,835 | 1,954.24 | 1.37 |
| Retailers Total | -1,531,928 | 33,755,907 | 1,614.55 | 1.11 | 35,287,835 | 1,954.24 | 1.37 |
| Naspers Ltd. | 4,069,108 | 5,073,601 | 5,603.13 | 3.85 | 1,004,493 | 6,282.78 | 4.40 |
| Prosus NV | -1,836,978 | 0 | 0.00 | 0.00 | 1,836,978 | 2,224.05 | 1.56 |
| Software and Computer Services Total | 2,232,130 | 5,073,601 | 5,603.13 | 3.85 | 2,841,471 | 8,506.83 | 5.95 |
| MTN Group Ltd. | 9,007,891 | 9,007,891 | 1,526.84 | 1.05 | 0 | 0.00 | 0.00 |
| Telecommunications Service Providers Total | 9,007,891 | 9,007,891 | 1,526.84 | 1.05 | 0 | 0.00 | 0.00 |
| Portfolio Total | -363,542,621 | 9,312,069,354 | 145,722.30 | 100.00 | 9,675,611,975 | 142,926.15 | 100.00 |