| | | |
| Security | Change | # Units | Value (Rm) | % Fund | # Units | Value (Rm) | % Fund |
| Auto1 Group SE | 4,035,355 | 4,035,355 | 1,630.66 | 1.33 | 0 | 0.00 | 0.00 |
| Autostrade Concessioni e Costruzioni Autostrade SpA | -4,387,780 | 0 | 0.00 | 0.00 | 4,387,780 | 1,341.84 | 1.10 |
| Auto Total | -352,425 | 4,035,355 | 1,630.66 | 1.33 | 4,387,780 | 1,341.84 | 1.10 |
| Capitec Bank Holdings Ltd. | 16,666 | 821,658 | 2,549.33 | 2.08 | 804,992 | 2,523.12 | 2.06 |
| FirstRand Ltd. | -13,336,759 | 25,943,804 | 1,863.80 | 1.52 | 39,280,563 | 2,983.75 | 2.44 |
| Standard Bank Group Ltd. | 2,249,609 | 9,816,935 | 2,350.27 | 1.92 | 7,567,326 | 1,678.13 | 1.37 |
| Banks Total | -11,070,484 | 36,582,397 | 6,763.40 | 5.52 | 47,652,881 | 7,185.00 | 5.88 |
| Anheuser-Busch InBev SA/NV | 1,122,556 | 1,122,556 | 1,269.16 | 1.04 | 0 | 0.00 | 0.00 |
| Beverages Total | 1,122,556 | 1,122,556 | 1,269.16 | 1.04 | 0 | 0.00 | 0.00 |
| SA Bond BNDS | 0 | 0 | 4,299.05 | 3.51 | 0 | 4,343.68 | 3.55 |
| SA Bond I2033 | 1,600,450,000 | 2,724,660,000 | 3,473.85 | 2.83 | 1,124,210,000 | 1,436.08 | 1.17 |
| SA Bond R2035 | -1,332,642,133 | 2,357,866,809 | 2,129.13 | 1.74 | 3,690,508,942 | 3,471.19 | 2.84 |
| SA Bond R2040 | -1,563,600,000 | 3,006,900,000 | 2,530.88 | 2.07 | 4,570,500,000 | 4,068.84 | 3.33 |
| Bond Total | -1,295,792,133 | 8,089,426,809 | 12,432.92 | 10.15 | 9,385,218,942 | 13,319.78 | 10.90 |
| Cash on call | 0 | 0 | 7,114.26 | 5.81 | 0 | 16,466.53 | 13.47 |
| Cash on call Total | 0 | 0 | 7,114.26 | 5.81 | 0 | 16,466.53 | 13.47 |
| ADvTECH Ltd. | 602,835 | 47,005,185 | 1,548.35 | 1.26 | 46,402,350 | 1,570.26 | 1.28 |
| Consumer Services Total | 602,835 | 47,005,185 | 1,548.35 | 1.26 | 46,402,350 | 1,570.26 | 1.28 |
| Egerton Capital Equity Fund | -1,302,014 | 0 | 0.00 | 0.00 | 1,302,014 | 3,286.79 | 2.69 |
| Equities Total | -1,302,014 | 0 | 0.00 | 0.00 | 1,302,014 | 3,286.79 | 2.69 |
| ST James Place | 6,625,647 | 6,625,647 | 1,525.70 | 1.25 | 0 | 0.00 | 0.00 |
| Financial Services Total | 6,625,647 | 6,625,647 | 1,525.70 | 1.25 | 0 | 0.00 | 0.00 |
| Foreign - Currency | 0 | 0 | 4,001.96 | 3.27 | 0 | -5,030.19 | -4.11 |
| For Currency Total | 0 | 0 | 4,001.96 | 3.27 | 0 | -5,030.19 | -4.11 |
| Foreign - Bonds | 0 | 0 | 9,570.79 | 7.81 | 0 | 9,396.33 | 7.69 |
| Foreign - Equities | 0 | 0 | 35,488.66 | 28.96 | 0 | 28,964.69 | 23.69 |
| Foreign Invest Total | 0 | 0 | 45,059.45 | 36.77 | 0 | 38,361.02 | 31.38 |
| Foreign - Property | 0 | 0 | 207.53 | 0.17 | 0 | 243.06 | 0.20 |
| Foreign Property Total | 0 | 0 | 207.53 | 0.17 | 0 | 243.06 | 0.20 |
| Equity | 0 | 0 | 12,350.42 | 10.08 | 0 | 17,604.40 | 14.40 |
| General Equity Total | 0 | 0 | 12,350.42 | 10.08 | 0 | 17,604.40 | 14.40 |
| Mondi plc | 413,690 | 6,419,534 | 1,747.40 | 1.43 | 6,005,844 | 1,666.62 | 1.36 |
| General Industrials Total | 413,690 | 6,419,534 | 1,747.40 | 1.43 | 6,005,844 | 1,666.62 | 1.36 |
| Anglo American plc | -2,614,472 | 0 | 0.00 | 0.00 | 2,614,472 | 1,442.80 | 1.18 |
| Industrial Metals and Mining Total | -2,614,472 | 0 | 0.00 | 0.00 | 2,614,472 | 1,442.80 | 1.18 |
| Quilter plc | -1,038,360 | 37,948,893 | 1,326.31 | 1.08 | 38,987,253 | 1,386.39 | 1.13 |
| Investment Banking and Brokerage Services Total | -1,038,360 | 37,948,893 | 1,326.31 | 1.08 | 38,987,253 | 1,386.39 | 1.13 |
| Contrarius Global Equity Fund - Investor Class | -11,080,283 | 0 | 0.00 | 0.00 | 11,080,283 | 2,650.36 | 2.17 |
| Offshore Intern Total | -11,080,283 | 0 | 0.00 | 0.00 | 11,080,283 | 2,650.36 | 2.17 |
| Bid Corporation Ltd. | -32,839 | 3,836,907 | 1,686.13 | 1.38 | 3,869,746 | 1,666.20 | 1.36 |
| Dis-Chem Pharmacies Ltd. | -1,961,746 | 56,392,284 | 1,708.69 | 1.39 | 58,354,030 | 2,106.58 | 1.72 |
| Shoprite Holdings Ltd. | 4,575,372 | 4,575,372 | 1,247.75 | 1.02 | 0 | 0.00 | 0.00 |
| Personal Care, Drug and Grocery Stores Total | 2,580,787 | 64,804,563 | 4,642.56 | 3.79 | 62,223,776 | 3,772.78 | 3.09 |
| Compagnie Financière Richemont SA | -621,346 | 0 | 0.00 | 0.00 | 621,346 | 1,724.80 | 1.41 |
| Personal Goods Total | -621,346 | 0 | 0.00 | 0.00 | 621,346 | 1,724.80 | 1.41 |
| AngloGold Ashanti plc | 1,957,801 | 1,957,801 | 1,344.66 | 1.10 | 0 | 0.00 | 0.00 |
| Northam Platinum Holdings Ltd. | 14,090,255 | 14,090,255 | 1,844.70 | 1.51 | 0 | 0.00 | 0.00 |
| Precious Metals and Mining Total | 16,048,056 | 16,048,056 | 3,189.35 | 2.60 | 0 | 0.00 | 0.00 |
| Property positions individually less than 1% of fund | 0 | 0 | 4,735.36 | 3.86 | 0 | 4,557.53 | 3.73 |
| Real Estate Total | 0 | 0 | 4,735.36 | 3.86 | 0 | 4,557.53 | 3.73 |
| NEPI Rockcastle NV | 406,658 | 14,273,298 | 1,965.62 | 1.60 | 13,866,640 | 1,913.46 | 1.57 |
| Real Estate Investment and Services Total | 406,658 | 14,273,298 | 1,965.62 | 1.60 | 13,866,640 | 1,913.46 | 1.57 |
| Pepkor Holdings Ltd. | -46,694,721 | 0 | 0.00 | 0.00 | 46,694,721 | 1,351.81 | 1.11 |
| We Buy Cars Holdings Ltd. | 101,482 | 40,304,583 | 1,697.63 | 1.39 | 40,203,101 | 1,730.74 | 1.42 |
| Retailers Total | -46,593,239 | 40,304,583 | 1,697.63 | 1.39 | 86,897,822 | 3,082.56 | 2.52 |
| Naspers Ltd. | -16,440 | 1,350,910 | 6,103.41 | 4.98 | 1,367,350 | 5,706.18 | 4.67 |
| Prosus NV | 2,292,810 | 2,292,810 | 1,929.63 | 1.57 | 0 | 0.00 | 0.00 |
| Software and Computer Services Total | 2,276,370 | 3,643,720 | 8,033.04 | 6.56 | 1,367,350 | 5,706.18 | 4.67 |
| MTN Group Ltd. | 10,595,468 | 10,595,468 | 1,305.68 | 1.07 | 0 | 0.00 | 0.00 |
| Telecommunications Service Providers Total | 10,595,468 | 10,595,468 | 1,305.68 | 1.07 | 0 | 0.00 | 0.00 |
| Portfolio Total | -1,329,792,689 | 8,378,836,064 | 122,546.77 | 100.00 | 9,708,628,753 | 122,251.95 | 100.00 |