| | | |
| Security | Change | # Units | Value (Rm) | % Fund | # Units | Value (Rm) | % Fund |
| Auto1 Group SE | -374,730 | 3,660,625 | 2,054.18 | 1.51 | 4,035,355 | 1,630.66 | 1.33 |
| Auto Total | -374,730 | 3,660,625 | 2,054.18 | 1.51 | 4,035,355 | 1,630.66 | 1.33 |
| Capitec Bank Holdings Ltd. | 47,211 | 868,869 | 3,085.32 | 2.27 | 821,658 | 2,549.33 | 2.08 |
| FirstRand Ltd. | -352,779 | 25,591,025 | 1,936.98 | 1.42 | 25,943,804 | 1,863.80 | 1.52 |
| Standard Bank Group Ltd. | 2,451,832 | 12,268,767 | 2,791.51 | 2.05 | 9,816,935 | 2,350.27 | 1.92 |
| Banks Total | 2,146,264 | 38,728,661 | 7,813.82 | 5.74 | 36,582,397 | 6,763.40 | 5.52 |
| Anheuser-Busch InBev SA/NV | -1,122,556 | 0 | 0.00 | 0.00 | 1,122,556 | 1,269.16 | 1.04 |
| Beverages Total | -1,122,556 | 0 | 0.00 | 0.00 | 1,122,556 | 1,269.16 | 1.04 |
| SA Bond BNDS | 0 | 0 | 6,607.87 | 4.85 | 0 | 4,299.05 | 3.51 |
| SA Bond I2033 | 0 | 2,724,660,000 | 3,526.16 | 2.59 | 2,724,660,000 | 3,473.85 | 2.83 |
| SA Bond R2035 | 416,030,191 | 2,773,897,000 | 2,673.06 | 1.96 | 2,357,866,809 | 2,129.13 | 1.74 |
| SA Bond R2037 | 2,451,400,000 | 2,451,400,000 | 2,220.35 | 1.63 | 0 | 0.00 | 0.00 |
| SA Bond R2040 | -3,006,900,000 | 0 | 0.00 | 0.00 | 3,006,900,000 | 2,530.88 | 2.07 |
| Bond Total | -139,469,809 | 7,949,957,000 | 15,027.44 | 11.03 | 8,089,426,809 | 12,432.92 | 10.15 |
| Cash on call | 0 | 0 | 7,137.14 | 5.24 | 0 | 7,114.26 | 5.81 |
| Cash on call Total | 0 | 0 | 7,137.14 | 5.24 | 0 | 7,114.26 | 5.81 |
| ADvTECH Ltd. | -408,946 | 46,596,239 | 1,524.16 | 1.12 | 47,005,185 | 1,548.35 | 1.26 |
| Consumer Services Total | -408,946 | 46,596,239 | 1,524.16 | 1.12 | 47,005,185 | 1,548.35 | 1.26 |
| Equity Derivative | 0 | 0 | 0.00 | 0.00 | 0 | 0.00 | 0.00 |
| Derivatives Total | 0 | 0 | 0.00 | 0.00 | 0 | 0.00 | 0.00 |
| Egerton Capital Equity Fund | 1,273,409 | 1,273,409 | 3,669.01 | 2.69 | 0 | 0.00 | 0.00 |
| Equities Total | 1,273,409 | 1,273,409 | 3,669.01 | 2.69 | 0 | 0.00 | 0.00 |
| ST James Place | -493,430 | 6,132,217 | 1,775.66 | 1.30 | 6,625,647 | 1,525.70 | 1.25 |
| Financial Services Total | -493,430 | 6,132,217 | 1,775.66 | 1.30 | 6,625,647 | 1,525.70 | 1.25 |
| Foreign - Currency | 0 | 0 | 5,112.28 | 3.75 | 0 | 4,001.96 | 3.27 |
| For Currency Total | 0 | 0 | 5,112.28 | 3.75 | 0 | 4,001.96 | 3.27 |
| Foreign - Bonds | 0 | 0 | 8,849.56 | 6.50 | 0 | 9,570.79 | 7.81 |
| Foreign - Equities | 0 | 0 | 37,824.44 | 27.77 | 0 | 35,488.66 | 28.96 |
| Foreign Invest Total | 0 | 0 | 46,674.00 | 34.27 | 0 | 45,059.45 | 36.77 |
| Foreign - Property | 0 | 0 | 0.01 | 0.00 | 0 | 207.53 | 0.17 |
| Foreign Property Total | 0 | 0 | 0.01 | 0.00 | 0 | 207.53 | 0.17 |
| Equity | 0 | 0 | 18,499.65 | 13.58 | 0 | 12,350.42 | 10.08 |
| General Equity Total | 0 | 0 | 18,499.65 | 13.58 | 0 | 12,350.42 | 10.08 |
| Mondi plc | -562,477 | 5,857,057 | 1,704.87 | 1.25 | 6,419,534 | 1,747.40 | 1.43 |
| General Industrials Total | -562,477 | 5,857,057 | 1,704.87 | 1.25 | 6,419,534 | 1,747.40 | 1.43 |
| Quilter plc | -37,948,893 | 0 | 0.00 | 0.00 | 37,948,893 | 1,326.31 | 1.08 |
| Investment Banking and Brokerage Services Total | -37,948,893 | 0 | 0.00 | 0.00 | 37,948,893 | 1,326.31 | 1.08 |
| Bid Corporation Ltd. | -620,763 | 3,216,144 | 1,503.32 | 1.10 | 3,836,907 | 1,686.13 | 1.38 |
| Dis-Chem Pharmacies Ltd. | -1,564,829 | 54,827,455 | 1,770.93 | 1.30 | 56,392,284 | 1,708.69 | 1.39 |
| Shoprite Holdings Ltd. | -4,575,372 | 0 | 0.00 | 0.00 | 4,575,372 | 1,247.75 | 1.02 |
| Personal Care, Drug and Grocery Stores Total | -6,760,964 | 58,043,599 | 3,274.25 | 2.40 | 64,804,563 | 4,642.56 | 3.79 |
| Compagnie Financière Richemont SA | 591,376 | 591,376 | 1,969.87 | 1.45 | 0 | 0.00 | 0.00 |
| Personal Goods Total | 591,376 | 591,376 | 1,969.87 | 1.45 | 0 | 0.00 | 0.00 |
| AngloGold Ashanti plc | -1,957,801 | 0 | 0.00 | 0.00 | 1,957,801 | 1,344.66 | 1.10 |
| Northam Platinum Holdings Ltd. | -2,792,565 | 11,297,690 | 2,165.88 | 1.59 | 14,090,255 | 1,844.70 | 1.51 |
| Precious Metals and Mining Total | -4,750,366 | 11,297,690 | 2,165.88 | 1.59 | 16,048,056 | 3,189.35 | 2.60 |
| Property positions individually less than 1% of fund | 0 | 0 | 5,556.02 | 4.08 | 0 | 4,735.36 | 3.86 |
| Real Estate Total | 0 | 0 | 5,556.02 | 4.08 | 0 | 4,735.36 | 3.86 |
| NEPI Rockcastle NV | 0 | 14,273,298 | 1,926.18 | 1.41 | 14,273,298 | 1,965.62 | 1.60 |
| Real Estate Investment and Services Total | 0 | 14,273,298 | 1,926.18 | 1.41 | 14,273,298 | 1,965.62 | 1.60 |
| We Buy Cars Holdings Ltd. | -1,759,371 | 38,545,212 | 2,308.86 | 1.70 | 40,304,583 | 1,697.63 | 1.39 |
| Retailers Total | -1,759,371 | 38,545,212 | 2,308.86 | 1.70 | 40,304,583 | 1,697.63 | 1.39 |
| Naspers Ltd. | -254,240 | 1,096,670 | 6,048.55 | 4.44 | 1,350,910 | 6,103.41 | 4.98 |
| Prosus NV | -315,452 | 1,977,358 | 1,960.77 | 1.44 | 2,292,810 | 1,929.63 | 1.57 |
| Software and Computer Services Total | -569,692 | 3,074,028 | 8,009.32 | 5.88 | 3,643,720 | 8,033.04 | 6.56 |
| MTN Group Ltd. | -10,595,468 | 0 | 0.00 | 0.00 | 10,595,468 | 1,305.68 | 1.07 |
| Telecommunications Service Providers Total | -10,595,468 | 0 | 0.00 | 0.00 | 10,595,468 | 1,305.68 | 1.07 |
| Portfolio Total | -200,805,653 | 8,178,030,411 | 136,202.60 | 100.00 | 8,378,836,064 | 122,546.77 | 100.00 |