| | | |
| Security | Change | # Units | Value (Rm) | % Fund | # Units | Value (Rm) | % Fund |
| Absa Group Ltd. | -170 | 49,432 | 11.81 | 1.36 | 49,602 | 11.87 | 1.36 |
| Capitec Bank Holdings Ltd. | -551 | 2,831 | 11.56 | 1.33 | 3,382 | 14.05 | 1.61 |
| FirstRand Ltd. | -70,206 | 241,165 | 21.26 | 2.44 | 311,371 | 28.26 | 3.23 |
| Investec plc | -1,489 | 4,000 | 0.52 | 0.06 | 5,489 | 0.67 | 0.08 |
| Nedbank Group Ltd. | -20,215 | 33,923 | 9.05 | 1.04 | 54,138 | 14.41 | 1.65 |
| Standard Bank Group Ltd. | -6,488 | 53,809 | 16.22 | 1.86 | 60,297 | 17.51 | 2.00 |
| Banks Total | -99,119 | 385,160 | 70.43 | 8.09 | 484,279 | 86.78 | 9.92 |
| Anheuser-Busch InBev SA/NV | -1,520 | 5,206 | 6.13 | 0.70 | 6,726 | 7.20 | 0.82 |
| Beverages Total | -1,520 | 5,206 | 6.13 | 0.70 | 6,726 | 7.20 | 0.82 |
| Fairtree Bond Prescient - B2 | -1,260,996 | 112,713,440 | 131.50 | 15.11 | 113,974,436 | 137.57 | 15.73 |
| Bond Total | -1,260,996 | 112,713,440 | 131.50 | 15.11 | 113,974,436 | 137.57 | 15.73 |
| iShares US Treasury Bond ETF | -14,979 | 22,116 | 8.61 | 0.99 | 37,095 | 14.16 | 1.62 |
| Bonds Total | -14,979 | 22,116 | 8.61 | 0.99 | 37,095 | 14.16 | 1.62 |
| Cash on call | 0 | 0 | 50.85 | 5.84 | 0 | 25.08 | 2.87 |
| Margin Account | 0 | 0 | 0.03 | 0.00 | 0 | 0.03 | 0.00 |
| Cash on call Total | 0 | 0 | 50.88 | 5.84 | 0 | 25.11 | 2.87 |
| Sasol Ltd. | 14,339 | 38,158 | 8.57 | 0.98 | 23,819 | 2.53 | 0.29 |
| Chemicals Total | 14,339 | 38,158 | 8.57 | 0.98 | 23,819 | 2.53 | 0.29 |
| Reunert Ltd. | -3,823 | 0 | 0.00 | 0.00 | 3,823 | 0.24 | 0.03 |
| Electronic and Electrical Equipment Total | -3,823 | 0 | 0.00 | 0.00 | 3,823 | 0.24 | 0.03 |
| Fairtree Global Equity Fund | 41,293 | 244,931 | 60.99 | 7.01 | 203,638 | 55.16 | 6.31 |
| Global X Uranium ETF | -355,038 | 0 | 0.00 | 0.00 | 355,038 | 59.86 | 6.85 |
| Equities Total | -313,745 | 244,931 | 60.99 | 7.01 | 558,676 | 115.01 | 13.16 |
| 1nvestRhodium ETF | -91 | 1,027 | 1.49 | 0.17 | 1,118 | 1.57 | 0.18 |
| NewPlat | -3,187 | 36,106 | 11.16 | 1.28 | 39,293 | 12.50 | 1.43 |
| NewGold | -998 | 11,299 | 8.15 | 0.94 | 12,297 | 8.18 | 0.93 |
| Exchange Traded Funds Total | -4,276 | 48,432 | 20.80 | 2.39 | 52,708 | 22.24 | 2.54 |
| AVI Ltd. | -5,895 | 2,604 | 0.27 | 0.03 | 8,499 | 0.90 | 0.10 |
| Food Producers Total | -5,895 | 2,604 | 0.27 | 0.03 | 8,499 | 0.90 | 0.10 |
| European - Currency | 0 | 0 | 0.00 | 0.00 | 0 | 0.00 | 0.00 |
| United Kingdom - Currency | 0 | 0 | 0.00 | 0.00 | 0 | 0.00 | 0.00 |
| USA - Currency | 0 | 0 | 10.83 | 1.24 | 0 | 6.75 | 0.77 |
| For Currency Total | 0 | 0 | 10.83 | 1.24 | 0 | 6.75 | 0.77 |
| Foreign - Unit Trusts | 412,595 | 412,595 | 69.36 | 7.97 | 0 | 0.00 | 0.00 |
| Foreign Invest Total | 412,595 | 412,595 | 69.36 | 7.97 | 0 | 0.00 | 0.00 |
| Fairtree Global Equity Prescient Feeder - B1 | -1,199,973 | 12,763,075 | 37.12 | 4.26 | 13,963,048 | 44.11 | 5.04 |
| General Equity Total | -1,199,973 | 12,763,075 | 37.12 | 4.26 | 13,963,048 | 44.11 | 5.04 |
| KAP Ltd. | -129,290 | 597,651 | 1.19 | 0.14 | 726,941 | 1.40 | 0.16 |
| The Bidvest Group Ltd. | 8,601 | 17,464 | 3.98 | 0.46 | 8,863 | 2.10 | 0.24 |
| General Industrials Total | -120,689 | 615,115 | 5.17 | 0.59 | 735,804 | 3.50 | 0.40 |
| Life Healthcare Group Holdings Ltd. | -19,545 | 43,336 | 0.50 | 0.06 | 62,881 | 0.72 | 0.08 |
| Netcare Ltd. | -84,497 | 141,538 | 2.33 | 0.27 | 226,035 | 3.58 | 0.41 |
| Health Care Providers Total | -104,042 | 184,874 | 2.83 | 0.33 | 288,916 | 4.29 | 0.49 |
| Fairtree ALBI Plus Prescient Fund - B2 | 160,921 | 9,156,147 | 11.70 | 1.34 | 8,995,226 | 12.07 | 1.38 |
| Fairtree FR Income Plus - B | 253,257 | 13,959,743 | 17.91 | 2.06 | 13,706,486 | 17.80 | 2.04 |
| Income Total | 414,178 | 23,115,890 | 29.61 | 3.40 | 22,701,712 | 29.88 | 3.42 |
| African Rainbow Minerals Ltd. | -4,479 | 22,299 | 5.08 | 0.58 | 26,778 | 5.33 | 0.61 |
| Afrimat Ltd. | -12,882 | 0 | 0.00 | 0.00 | 12,882 | 0.53 | 0.06 |
| Anglo American plc | 1,474 | 1,474 | 1.06 | 0.12 | 0 | 0.00 | 0.00 |
| Glencore plc | 24,211 | 174,537 | 22.27 | 2.56 | 150,326 | 13.70 | 1.57 |
| Kumba Iron Ore Ltd. | -705 | 0 | 0.00 | 0.00 | 705 | 0.25 | 0.03 |
| Orion Minerals Ltd. | -103,097 | 1,425,832 | 0.47 | 0.05 | 1,528,929 | 0.34 | 0.04 |
| South32 Ltd. | 8,833 | 36,850 | 1.89 | 0.22 | 28,017 | 1.10 | 0.13 |
| Industrial Metals and Mining Total | -86,645 | 1,660,992 | 30.76 | 3.53 | 1,747,637 | 21.24 | 2.43 |
| Fairtree Global Emerging Markets Prescient - B3 | 2,135,769 | 28,559,870 | 48.31 | 5.55 | 26,424,101 | 44.53 | 5.09 |
| Fairtree Global Real Estate Prescient Feeder - B2 | 2,392,108 | 14,762,558 | 23.65 | 2.72 | 12,370,450 | 19.24 | 2.20 |
| International Total | 4,527,877 | 43,322,428 | 71.96 | 8.27 | 38,794,551 | 63.77 | 7.29 |
| Reinet Investments SCA | -2,442 | 0 | 0.00 | 0.00 | 2,442 | 1.42 | 0.16 |
| Remgro Ltd. | -7,653 | 75,149 | 14.11 | 1.62 | 82,802 | 15.04 | 1.72 |
| Investment Banking and Brokerage Services Total | -10,095 | 75,149 | 14.11 | 1.62 | 85,244 | 16.45 | 1.88 |
| Discovery Ltd. | -5,704 | 0 | 0.00 | 0.00 | 5,704 | 1.30 | 0.15 |
| Sanlam Ltd. | -89,091 | 110,293 | 9.66 | 1.11 | 199,384 | 19.64 | 2.25 |
| Life Insurance Total | -94,795 | 110,293 | 9.66 | 1.11 | 205,088 | 20.94 | 2.39 |
| Aluwani FR Money Market - B | 88,351 | 5,254,699 | 5.29 | 0.61 | 5,166,348 | 5.20 | 0.59 |
| Money Market Total | 88,351 | 5,254,699 | 5.29 | 0.61 | 5,166,348 | 5.20 | 0.59 |
| OUTsurance Group Ltd. | 3,105 | 32,726 | 2.27 | 0.26 | 29,621 | 2.12 | 0.24 |
| Non-life Insurance Total | 3,105 | 32,726 | 2.27 | 0.26 | 29,621 | 2.12 | 0.24 |
| Bid Corporation Ltd. | 5,024 | 6,968 | 2.85 | 0.33 | 1,944 | 0.82 | 0.09 |
| Dis-Chem Pharmacies Ltd. | -13,329 | 1,251 | 0.05 | 0.01 | 14,580 | 0.51 | 0.06 |
| Shoprite Holdings Ltd. | -6,754 | 5,242 | 1.46 | 0.17 | 11,996 | 3.24 | 0.37 |
| Personal Care, Drug and Grocery Stores Total | -15,059 | 13,461 | 4.35 | 0.50 | 28,520 | 4.57 | 0.52 |
| Aspen Pharmacare Holdings Ltd. | -5,060 | 0 | 0.00 | 0.00 | 5,060 | 0.59 | 0.07 |
| Pharmaceuticals and Biotechnology Total | -5,060 | 0 | 0.00 | 0.00 | 5,060 | 0.59 | 0.07 |
| AngloGold Ashanti plc | -1,911 | 14,552 | 23.32 | 2.68 | 16,463 | 23.59 | 2.70 |
| Gold Fields Ltd. | -7,834 | 36,803 | 27.49 | 3.16 | 44,637 | 32.39 | 3.70 |
| Harmony Gold Mining Company Ltd. | 21,396 | 44,109 | 11.17 | 1.28 | 22,713 | 7.66 | 0.88 |
| Impala Platinum Holdings Ltd. | -6,275 | 109,703 | 25.85 | 2.97 | 115,978 | 30.39 | 3.48 |
| Northam Platinum Holdings Ltd. | -6,529 | 60,325 | 20.42 | 2.35 | 66,854 | 22.54 | 2.58 |
| Pan African Resources plc | -38,966 | 57,135 | 1.75 | 0.20 | 96,101 | 2.59 | 0.30 |
| Sibanye Stillwater Ltd. | 21,155 | 24,971 | 1.25 | 0.14 | 3,816 | 0.23 | 0.03 |
| Valterra Platinum Ltd. | 838 | 5,487 | 7.57 | 0.87 | 4,649 | 6.55 | 0.75 |
| Precious Metals and Mining Total | -18,126 | 353,085 | 118.81 | 13.65 | 371,211 | 125.94 | 14.40 |
| NEPI Rockcastle NV | -3,476 | 20,899 | 2.84 | 0.33 | 24,375 | 3.56 | 0.41 |
| Real Estate Investment and Services Total | -3,476 | 20,899 | 2.84 | 0.33 | 24,375 | 3.56 | 0.41 |
| Growthpoint Properties Ltd. | -51,996 | 138,197 | 2.22 | 0.26 | 190,193 | 3.26 | 0.37 |
| Redefine Properties Ltd. | -166,073 | 542,473 | 3.19 | 0.37 | 708,546 | 4.25 | 0.49 |
| Resilient REIT Ltd. | -6,079 | 41,835 | 3.28 | 0.38 | 47,914 | 3.83 | 0.44 |
| Vukile Property Fund Ltd. | -18,709 | 128,771 | 2.84 | 0.33 | 147,480 | 3.69 | 0.42 |
| Real Estate Investment Trusts Total | -242,857 | 851,276 | 11.53 | 1.32 | 1,094,133 | 15.04 | 1.72 |
| Motus Holdings Ltd. | -7,056 | 53,021 | 6.06 | 0.70 | 60,077 | 7.33 | 0.84 |
| Mr Price Group Ltd. | 690 | 63,781 | 9.68 | 1.11 | 63,091 | 11.04 | 1.26 |
| Pepkor Holdings Ltd. | -48,258 | 218,010 | 4.89 | 0.56 | 266,268 | 7.04 | 0.81 |
| The Foschini Group Ltd. | 48 | 48,045 | 3.39 | 0.39 | 47,997 | 4.09 | 0.47 |
| Truworths International Ltd. | -34,408 | 109,567 | 5.68 | 0.65 | 143,975 | 8.20 | 0.94 |
| We Buy Cars Holdings Ltd. | 4,672 | 26,942 | 1.06 | 0.12 | 22,270 | 1.07 | 0.12 |
| Woolworths Holdings Ltd. | -22,926 | 61,547 | 3.12 | 0.36 | 84,473 | 4.73 | 0.54 |
| Retailers Total | -107,238 | 580,913 | 33.88 | 3.89 | 688,151 | 43.49 | 4.97 |
| Naspers Ltd. | 3,031 | 29,825 | 25.58 | 2.94 | 26,794 | 29.59 | 3.38 |
| Prosus NV | 7,287 | 24,784 | 18.94 | 2.18 | 17,497 | 17.91 | 2.05 |
| Software and Computer Services Total | 10,318 | 54,609 | 44.52 | 5.11 | 44,291 | 47.50 | 5.43 |
| MTN Group Ltd. | 17,191 | 37,925 | 7.32 | 0.84 | 20,734 | 3.51 | 0.40 |
| Telecommunications Service Providers Total | 17,191 | 37,925 | 7.32 | 0.84 | 20,734 | 3.51 | 0.40 |
| Tsogo Sun Ltd. | -13,249 | 19,565 | 0.13 | 0.02 | 32,814 | 0.23 | 0.03 |
| Travel and Leisure Total | -13,249 | 19,565 | 0.13 | 0.02 | 32,814 | 0.23 | 0.03 |
| Portfolio Total | 1,762,297 | 202,939,616 | 870.55 | 100.00 | 201,177,319 | 874.43 | 100.00 |