| | | |
| Security | Change | # Units | Value (Rm) | % Fund | # Units | Value (Rm) | % Fund |
| Absa Group Ltd. | 16,950 | 52,665 | 9.53 | 0.85 | 35,715 | 6.28 | 0.69 |
| Capitec Bank Holdings Ltd. | 277 | 2,448 | 8.50 | 0.76 | 2,171 | 7.72 | 0.85 |
| FirstRand Ltd. | -33,603 | 272,631 | 21.22 | 1.89 | 306,234 | 23.34 | 2.58 |
| Investec Ltd. | -581 | 0 | 0.00 | 0.00 | 581 | 0.08 | 0.01 |
| Investec plc | -4,072 | 12,554 | 1.61 | 0.14 | 16,626 | 2.20 | 0.24 |
| Nedbank Group Ltd. | 18,381 | 71,465 | 15.30 | 1.37 | 53,084 | 12.96 | 1.43 |
| Standard Bank Group Ltd. | 3,516 | 50,896 | 12.02 | 1.07 | 47,380 | 10.79 | 1.19 |
| Banks Total | 868 | 462,659 | 68.18 | 6.08 | 461,791 | 63.36 | 6.99 |
| Anheuser-Busch InBev SA/NV | 3,433 | 4,558 | 4.71 | 0.42 | 1,125 | 1.37 | 0.15 |
| Beverages Total | 3,433 | 4,558 | 4.71 | 0.42 | 1,125 | 1.37 | 0.15 |
| SA Bond ABH001 | 0 | 1,900,000 | 1.91 | 0.17 | 1,900,000 | 1.91 | 0.21 |
| SA Bond ASN930 | 0 | 8,100,000 | 8.47 | 0.76 | 8,100,000 | 8.41 | 0.93 |
| SA Bond ASN932 | 0 | 6,500,000 | 6.61 | 0.59 | 6,500,000 | 6.36 | 0.70 |
| SA Bond BAW41 | 0 | 5,900,000 | 6.03 | 0.54 | 5,900,000 | 6.00 | 0.66 |
| SA Bond BID18 | 0 | 5,300,000 | 5.39 | 0.48 | 5,300,000 | 5.39 | 0.60 |
| SA Bond BNDS | 0 | 0 | 0.45 | 0.04 | 0 | 0.52 | 0.06 |
| SA Bond BNPP13 | 0 | 7,000,000 | 5.59 | 0.50 | 7,000,000 | 5.43 | 0.60 |
| SA Bond EMM05 | 0 | 507,675 | 0.52 | 0.05 | 507,675 | 0.50 | 0.06 |
| SA Bond ERSA32 | 0 | 1,000,000 | 1.01 | 0.09 | 1,000,000 | 1.02 | 0.11 |
| SA Bond ERSA33 | 0 | 8,700,000 | 8.80 | 0.79 | 8,700,000 | 8.80 | 0.97 |
| SA Bond FRB29 | 0 | 8,800,000 | 9.03 | 0.81 | 8,800,000 | 9.06 | 1.00 |
| SA Bond FRB40 | 0 | 3,700,000 | 3.76 | 0.34 | 3,700,000 | 3.75 | 0.41 |
| SA Bond FRC381 | -40,020 | 2,879,970 | 2.89 | 0.26 | 2,919,990 | 2.96 | 0.33 |
| SA Bond FRC416 | -26,680 | 1,919,980 | 2.02 | 0.18 | 1,946,660 | 2.07 | 0.23 |
| SA Bond IDCG23 | 0 | 3,000,000 | 3.01 | 0.27 | 3,000,000 | 3.01 | 0.33 |
| SA Bond INLV07 | 0 | 5,000,000 | 5.06 | 0.45 | 5,000,000 | 5.06 | 0.56 |
| SA Bond MTN49 | -6,100,000 | 0 | 0.00 | 0.00 | 6,100,000 | 6.20 | 0.68 |
| SA Bond NGL08 | -7,300,000 | 0 | 0.00 | 0.00 | 7,300,000 | 7.51 | 0.83 |
| SA Bond NGL13 | 0 | 20,000,000 | 20.22 | 1.80 | 20,000,000 | 20.24 | 2.23 |
| SA Bond NQ1B20 | 0 | 500,000 | 0.55 | 0.05 | 500,000 | 0.54 | 0.06 |
| SA Bond PEP07 | 0 | 7,000,000 | 7.07 | 0.63 | 7,000,000 | 7.06 | 0.78 |
| SA Bond SBT104 | -5,000,000 | 0 | 0.00 | 0.00 | 5,000,000 | 5.04 | 0.56 |
| SA Bond SBT208 | 0 | 12,000,000 | 12.14 | 1.08 | 12,000,000 | 12.18 | 1.34 |
| SA Bond SBT209 | 0 | 29,000,000 | 29.19 | 2.60 | 29,000,000 | 29.23 | 3.23 |
| SA Bond SBT212 | 58,000,000 | 58,000,000 | 58.70 | 5.24 | 0 | 0.00 | 0.00 |
| SA Bond SLRC11 | 0 | 1,000,000 | 1.01 | 0.09 | 1,000,000 | 1.01 | 0.11 |
| SA Bond SPDA18 | 0 | 3,000,000 | 3.04 | 0.27 | 3,000,000 | 3.03 | 0.33 |
| SA Bond TH17C1 | 0 | 5,000,000 | 5.05 | 0.45 | 5,000,000 | 5.06 | 0.56 |
| SA Bond TH17D1 | 0 | 4,000,000 | 4.05 | 0.36 | 4,000,000 | 4.05 | 0.45 |
| SA Bond TH17D3 | 0 | 4,500,000 | 4.55 | 0.41 | 4,500,000 | 4.56 | 0.50 |
| SA Bond TH19C3 | 0 | 3,000,000 | 3.03 | 0.27 | 3,000,000 | 3.03 | 0.33 |
| SA Bond TNFG32 | 10,000,000 | 10,000,000 | 10.15 | 0.91 | 0 | 0.00 | 0.00 |
| SA Bond TRA4B1 | 0 | 1,418,153 | 1.03 | 0.09 | 1,418,153 | 1.08 | 0.12 |
| SA Bond TRA5C2 | 0 | 700,000 | 0.19 | 0.02 | 700,000 | 0.29 | 0.03 |
| Bond Total | 49,533,300 | 229,325,778 | 230.50 | 20.57 | 179,792,478 | 180.38 | 19.90 |
| Cash on call | 0 | 0 | 123.17 | 10.99 | 0 | 73.92 | 8.16 |
| Margin Account | 0 | 0 | 3.13 | 0.28 | 0 | 3.32 | 0.37 |
| Cash on call Total | 0 | 0 | 126.30 | 11.27 | 0 | 77.25 | 8.52 |
| Sasol Ltd. | -48,196 | 64,641 | 6.94 | 0.62 | 112,837 | 9.06 | 1.00 |
| Chemicals Total | -48,196 | 64,641 | 6.94 | 0.62 | 112,837 | 9.06 | 1.00 |
| Murray & Roberts Holdings Ltd. | -433,327 | 0 | 0.00 | 0.00 | 433,327 | 0.48 | 0.05 |
| Construction and Materials Total | -433,327 | 0 | 0.00 | 0.00 | 433,327 | 0.48 | 0.05 |
| Curro Holdings Ltd. | 26,458 | 26,458 | 0.32 | 0.03 | 0 | 0.00 | 0.00 |
| Consumer Services Total | 26,458 | 26,458 | 0.32 | 0.03 | 0 | 0.00 | 0.00 |
| Reunert Ltd. | 6,576 | 27,503 | 1.47 | 0.13 | 20,927 | 1.23 | 0.14 |
| Electronic and Electrical Equipment Total | 6,576 | 27,503 | 1.47 | 0.13 | 20,927 | 1.23 | 0.14 |
| 1nvestPlatinum ETF | -539 | 1,550 | 0.40 | 0.04 | 2,089 | 0.49 | 0.05 |
| Exchange Traded Funds Total | -539 | 1,550 | 0.40 | 0.04 | 2,089 | 0.49 | 0.05 |
| Astral Foods Ltd. | 3,504 | 3,504 | 0.73 | 0.06 | 0 | 0.00 | 0.00 |
| AVI Ltd. | -2,490 | 15,508 | 1.53 | 0.14 | 17,998 | 1.70 | 0.19 |
| Food Producers Total | 1,014 | 19,012 | 2.25 | 0.20 | 17,998 | 1.70 | 0.19 |
| European - Currency | 0 | 0 | 1.38 | 0.12 | 0 | 0.93 | 0.10 |
| USA - Currency | 0 | 0 | 0.45 | 0.04 | 0 | 0.46 | 0.05 |
| For Currency Total | 0 | 0 | 1.83 | 0.16 | 0 | 1.39 | 0.15 |
| Foreign - Bonds | 0 | 0 | 41.39 | 3.69 | 0 | 40.94 | 4.52 |
| Foreign Invest Total | 0 | 0 | 41.39 | 3.69 | 0 | 40.94 | 4.52 |
| KAP Ltd. | -71,503 | 691,032 | 1.16 | 0.10 | 762,535 | 1.56 | 0.17 |
| The Bidvest Group Ltd. | 3,757 | 15,317 | 3.23 | 0.29 | 11,560 | 2.72 | 0.30 |
| General Industrials Total | -67,746 | 706,349 | 4.39 | 0.39 | 774,095 | 4.28 | 0.47 |
| Life Healthcare Group Holdings Ltd. | -2,654 | 35,454 | 0.41 | 0.04 | 38,108 | 0.54 | 0.06 |
| Netcare Ltd. | 9,538 | 158,406 | 2.27 | 0.20 | 148,868 | 2.08 | 0.23 |
| Health Care Providers Total | 6,884 | 193,860 | 2.68 | 0.24 | 186,976 | 2.62 | 0.29 |
| Fairtree ALBI Plus Prescient Fund - B2 | -14,342,139 | 81,593,989 | 102.47 | 9.14 | 95,936,128 | 114.22 | 12.60 |
| Fairtree BCI Income Plus - B | 34,416,669 | 150,828,611 | 195.07 | 17.41 | 116,411,942 | 148.87 | 16.43 |
| Income Total | 20,074,530 | 232,422,600 | 297.54 | 26.55 | 212,348,070 | 263.09 | 29.03 |
| Sappi Ltd. | 403 | 5,937 | 0.14 | 0.01 | 5,534 | 0.17 | 0.02 |
| Industrial Materials Total | 403 | 5,937 | 0.14 | 0.01 | 5,534 | 0.17 | 0.02 |
| African Rainbow Minerals Ltd. | -1,133 | 19,360 | 3.59 | 0.32 | 20,493 | 3.53 | 0.39 |
| Afrimat Ltd. | 768 | 4,776 | 0.18 | 0.02 | 4,008 | 0.18 | 0.02 |
| Anglo American plc | 631 | 5,059 | 3.26 | 0.29 | 4,428 | 2.31 | 0.25 |
| BHP Group Ltd. | -1,935 | 1,543 | 0.74 | 0.07 | 3,478 | 1.48 | 0.16 |
| Glencore plc | 8,491 | 119,983 | 9.60 | 0.86 | 111,492 | 7.74 | 0.85 |
| Kumba Iron Ore Ltd. | -587 | 5,658 | 1.85 | 0.16 | 6,245 | 1.78 | 0.20 |
| Orion Minerals Ltd. | 153,714 | 585,868 | 0.12 | 0.01 | 432,154 | 0.06 | 0.01 |
| South32 Ltd. | -8,520 | 8,459 | 0.27 | 0.02 | 16,979 | 0.58 | 0.06 |
| Industrial Metals and Mining Total | 151,429 | 750,706 | 19.61 | 1.75 | 599,277 | 17.65 | 1.95 |
| Super Group Ltd. | -15,374 | 0 | 0.00 | 0.00 | 15,374 | 0.25 | 0.03 |
| Industrial Transportation Total | -15,374 | 0 | 0.00 | 0.00 | 15,374 | 0.25 | 0.03 |
| BCI Fairtree Global Income Plus Feeder - B | 1,477 | 6,383,443 | 11.22 | 1.00 | 6,381,966 | 11.25 | 1.24 |
| Fairtree Global Emerging Markets Prescient - B4 | 32,436,243 | 32,436,243 | 54.98 | 4.91 | 0 | 0.00 | 0.00 |
| Fairtree Global Real Estate Prescient Feeder - B3 | 0 | 13,727,690 | 23.31 | 2.08 | 13,727,690 | 22.97 | 2.53 |
| International Total | 32,437,720 | 52,547,376 | 89.51 | 7.99 | 20,109,656 | 34.22 | 3.78 |
| Ninety One Ltd. | -6,963 | 1,787 | 0.08 | 0.01 | 8,750 | 0.38 | 0.04 |
| Reinet Investments SCA | -7,259 | 9,810 | 4.96 | 0.44 | 17,069 | 9.82 | 1.08 |
| Remgro Ltd. | -16,527 | 82,448 | 13.92 | 1.24 | 98,975 | 15.59 | 1.72 |
| Investment Banking and Brokerage Services Total | -30,749 | 94,045 | 18.96 | 1.69 | 124,794 | 25.79 | 2.85 |
| Discovery Ltd. | 5,517 | 5,517 | 1.09 | 0.10 | 0 | 0.00 | 0.00 |
| Momentum Group Ltd. | 12,077 | 12,077 | 0.40 | 0.04 | 0 | 0.00 | 0.00 |
| Old Mutual Ltd. | -30,981 | 122,279 | 1.63 | 0.15 | 153,260 | 1.84 | 0.20 |
| Sanlam Ltd. | 12,418 | 150,985 | 12.53 | 1.12 | 138,567 | 12.31 | 1.36 |
| Life Insurance Total | -969 | 290,858 | 15.65 | 1.40 | 291,827 | 14.15 | 1.56 |
| eMedia Holdings Ltd. | 34,990 | 34,990 | 0.06 | 0.01 | 0 | 0.00 | 0.00 |
| Media Total | 34,990 | 34,990 | 0.06 | 0.01 | 0 | 0.00 | 0.00 |
| Money Market - 11 months duration | 0 | 0 | 0.00 | 0.00 | 0 | 6.05 | 0.67 |
| Money Market - 2 months duration | 0 | 0 | 0.00 | 0.00 | 0 | 8.64 | 0.95 |
| Money Market - 8 months duration | 0 | 0 | 6.05 | 0.54 | 0 | 0.00 | 0.00 |
| Money Market Total | 0 | 0 | 6.05 | 0.54 | 0 | 14.69 | 1.62 |
| OUTsurance Group Ltd. | 8,461 | 29,556 | 2.11 | 0.19 | 21,095 | 1.65 | 0.18 |
| Non-life Insurance Total | 8,461 | 29,556 | 2.11 | 0.19 | 21,095 | 1.65 | 0.18 |
| Thungela Resources Ltd. | -397 | 0 | 0.00 | 0.00 | 397 | 0.03 | 0.00 |
| Oil, Gas and Coal Total | -397 | 0 | 0.00 | 0.00 | 397 | 0.03 | 0.00 |
| Bid Corporation Ltd. | 1,878 | 6,195 | 2.68 | 0.24 | 4,317 | 2.04 | 0.22 |
| Boxer Retail Ltd. | -2,371 | 2,299 | 0.16 | 0.01 | 4,670 | 0.32 | 0.04 |
| Clicks Group Ltd. | 1,610 | 4,600 | 1.63 | 0.15 | 2,990 | 1.11 | 0.12 |
| Dis-Chem Pharmacies Ltd. | -8,528 | 80,406 | 2.63 | 0.23 | 88,934 | 2.89 | 0.32 |
| Pick n Pay Stores Ltd. | 30,729 | 30,729 | 0.77 | 0.07 | 0 | 0.00 | 0.00 |
| Shoprite Holdings Ltd. | -504 | 32,751 | 8.98 | 0.80 | 33,255 | 9.31 | 1.03 |
| Personal Care, Drug and Grocery Stores Total | 22,814 | 156,980 | 16.83 | 1.50 | 134,166 | 15.67 | 1.73 |
| Compagnie Financière Richemont SA | 126 | 844 | 2.76 | 0.25 | 718 | 2.39 | 0.26 |
| Personal Goods Total | 126 | 844 | 2.76 | 0.25 | 718 | 2.39 | 0.26 |
| Aspen Pharmacare Holdings Ltd. | 20,356 | 42,372 | 4.07 | 0.36 | 22,016 | 2.63 | 0.29 |
| Pharmaceuticals and Biotechnology Total | 20,356 | 42,372 | 4.07 | 0.36 | 22,016 | 2.63 | 0.29 |
| AngloGold Ashanti plc | -4,929 | 12,059 | 14.34 | 1.28 | 16,988 | 13.55 | 1.50 |
| Gold Fields Ltd. | -13,630 | 26,904 | 19.29 | 1.72 | 40,534 | 16.86 | 1.86 |
| Harmony Gold Mining Company Ltd. | 12,513 | 27,132 | 8.33 | 0.74 | 14,619 | 3.53 | 0.39 |
| Impala Platinum Holdings Ltd. | 7,246 | 35,013 | 7.62 | 0.68 | 27,767 | 4.42 | 0.49 |
| Northam Platinum Holdings Ltd. | 5,894 | 27,950 | 7.80 | 0.70 | 22,056 | 4.27 | 0.47 |
| Pan African Resources plc | -5,195 | 30,728 | 0.62 | 0.06 | 35,923 | 0.40 | 0.04 |
| Valterra Platinum Ltd. | 2,844 | 5,216 | 6.30 | 0.56 | 2,372 | 1.88 | 0.21 |
| Precious Metals and Mining Total | 4,743 | 165,002 | 64.31 | 5.74 | 160,259 | 44.90 | 4.95 |
| Fortress Real Estate Investments Ltd. | -3,688 | 0 | 0.00 | 0.00 | 3,688 | 0.07 | 0.01 |
| MAS plc | -3,823 | 0 | 0.00 | 0.00 | 3,823 | 0.09 | 0.01 |
| NEPI Rockcastle NV | 10,068 | 18,648 | 2.57 | 0.23 | 8,580 | 1.16 | 0.13 |
| Real Estate Investment and Services Total | 2,557 | 18,648 | 2.57 | 0.23 | 16,091 | 1.33 | 0.15 |
| Growthpoint Properties Ltd. | -30,584 | 45,940 | 0.68 | 0.06 | 76,524 | 1.02 | 0.11 |
| Redefine Properties Ltd. | -27,882 | 32,640 | 0.16 | 0.01 | 60,522 | 0.27 | 0.03 |
| Resilient REIT Ltd. | -820 | 0 | 0.00 | 0.00 | 820 | 0.05 | 0.01 |
| Real Estate Investment Trusts Total | -59,286 | 78,580 | 0.84 | 0.07 | 137,866 | 1.34 | 0.15 |
| Motus Holdings Ltd. | -5,310 | 43,910 | 4.56 | 0.41 | 49,220 | 4.65 | 0.51 |
| Mr Price Group Ltd. | 29,067 | 72,721 | 14.86 | 1.33 | 43,654 | 9.68 | 1.07 |
| Pepkor Holdings Ltd. | 69,081 | 183,464 | 4.49 | 0.40 | 114,383 | 3.12 | 0.34 |
| The Foschini Group Ltd. | 5,429 | 56,592 | 6.14 | 0.55 | 51,163 | 6.59 | 0.73 |
| Truworths International Ltd. | 16,646 | 82,076 | 4.48 | 0.40 | 65,430 | 4.66 | 0.51 |
| We Buy Cars Holdings Ltd. | -871 | 6,626 | 0.37 | 0.03 | 7,497 | 0.44 | 0.05 |
| Woolworths Holdings Ltd. | -17,744 | 25,686 | 1.29 | 0.11 | 43,430 | 2.26 | 0.25 |
| Retailers Total | 96,298 | 471,075 | 36.19 | 3.23 | 374,777 | 31.40 | 3.47 |
| Naspers Ltd. | 0 | 3,970 | 25.02 | 2.23 | 3,970 | 22.00 | 2.43 |
| Prosus NV | -1,362 | 12,665 | 15.51 | 1.38 | 14,027 | 13.89 | 1.53 |
| Software and Computer Services Total | -1,362 | 16,635 | 40.53 | 3.62 | 17,997 | 35.89 | 3.96 |
| MTN Group Ltd. | 14,382 | 22,347 | 3.13 | 0.28 | 7,965 | 1.13 | 0.12 |
| MultiChoice Group Ltd. | -46,059 | 45,939 | 5.74 | 0.51 | 91,998 | 10.81 | 1.19 |
| Telecommunications Service Providers Total | -31,677 | 68,286 | 8.87 | 0.79 | 99,963 | 11.93 | 1.32 |
| British American Tobacco plc | -86 | 2,311 | 2.10 | 0.19 | 2,397 | 2.05 | 0.23 |
| Tobacco Total | -86 | 2,311 | 2.10 | 0.19 | 2,397 | 2.05 | 0.23 |
| Famous Brands Ltd. | 2,073 | 7,623 | 0.41 | 0.04 | 5,550 | 0.35 | 0.04 |
| Tsogo Sun Ltd. | -4,544 | 12,461 | 0.08 | 0.01 | 17,005 | 0.13 | 0.01 |
| Travel and Leisure Total | -2,471 | 20,084 | 0.49 | 0.04 | 22,555 | 0.48 | 0.05 |
| Portfolio Total | 101,740,781 | 518,049,253 | 1,120.57 | 100.00 | 416,308,472 | 906.24 | 100.00 |