| | | |
| Security | Change | # Units | Value (Rm) | % Fund | # Units | Value (Rm) | % Fund |
| Absa Group Ltd. | 31,541 | 296,589 | 70.99 | 1.30 | 265,048 | 47.97 | 0.97 |
| Capitec Bank Holdings Ltd. | 845 | 20,170 | 83.82 | 1.54 | 19,325 | 67.14 | 1.35 |
| FirstRand Ltd. | 49,150 | 1,858,702 | 168.68 | 3.10 | 1,809,552 | 140.95 | 2.84 |
| Investec plc | -42,817 | 32,556 | 3.98 | 0.07 | 75,373 | 9.68 | 0.20 |
| Nedbank Group Ltd. | -4,106 | 323,213 | 86.06 | 1.58 | 327,319 | 70.21 | 1.42 |
| Standard Bank Group Ltd. | 19,017 | 360,599 | 104.72 | 1.92 | 341,582 | 80.86 | 1.63 |
| Banks Total | 53,630 | 2,891,829 | 518.25 | 9.51 | 2,838,199 | 416.80 | 8.41 |
| Anheuser-Busch InBev SA/NV | 10,466 | 40,105 | 42.93 | 0.79 | 29,639 | 30.60 | 0.62 |
| Beverages Total | 10,466 | 40,105 | 42.93 | 0.79 | 29,639 | 30.60 | 0.62 |
| Fairtree Bond Prescient - B2 | 17,114,948 | 735,702,485 | 889.69 | 16.33 | 718,587,537 | 798.85 | 16.12 |
| Bond Total | 17,114,948 | 735,702,485 | 889.69 | 16.33 | 718,587,537 | 798.85 | 16.12 |
| iShares US Treasury Bond ETF | 10,389 | 258,439 | 98.61 | 1.81 | 248,050 | 99.12 | 2.00 |
| Bonds Total | 10,389 | 258,439 | 98.61 | 1.81 | 248,050 | 99.12 | 2.00 |
| Cash on call | 0 | 0 | 146.95 | 2.70 | 0 | 115.51 | 2.33 |
| Cash on call Total | 0 | 0 | 146.95 | 2.70 | 0 | 115.51 | 2.33 |
| Sasol Ltd. | -147,383 | 143,289 | 15.22 | 0.28 | 290,672 | 31.20 | 0.63 |
| Chemicals Total | -147,383 | 143,289 | 15.22 | 0.28 | 290,672 | 31.20 | 0.63 |
| Reunert Ltd. | -2,328 | 23,004 | 1.43 | 0.03 | 25,332 | 1.36 | 0.03 |
| Electronic and Electrical Equipment Total | -2,328 | 23,004 | 1.43 | 0.03 | 25,332 | 1.36 | 0.03 |
| Fairtree Global Equity Fund | 186,325 | 1,673,573 | 453.79 | 8.33 | 1,487,248 | 410.96 | 8.29 |
| Equities Total | 186,325 | 1,673,573 | 453.79 | 8.33 | 1,487,248 | 410.96 | 8.29 |
| 1nvestPlatinum ETF | -24,338 | 0 | 0.00 | 0.00 | 24,338 | 6.33 | 0.13 |
| 1nvestRhodium ETF | 243 | 6,073 | 8.50 | 0.16 | 5,830 | 6.89 | 0.14 |
| NewPlat | 9,197 | 227,165 | 72.28 | 1.33 | 217,968 | 56.41 | 1.14 |
| NewGold | 3,209 | 79,284 | 52.71 | 0.97 | 76,075 | 46.42 | 0.94 |
| Exchange Traded Funds Total | -11,689 | 312,522 | 133.49 | 2.45 | 324,211 | 116.05 | 2.35 |
| AVI Ltd. | -54,663 | 50,840 | 5.36 | 0.10 | 105,503 | 10.40 | 0.21 |
| Food Producers Total | -54,663 | 50,840 | 5.36 | 0.10 | 105,503 | 10.40 | 0.21 |
| USA - Currency | 0 | 0 | 16.38 | 0.30 | 0 | 39.20 | 0.79 |
| For Currency Total | 0 | 0 | 16.38 | 0.30 | 0 | 39.20 | 0.79 |
| Fairtree Equity Prescient Fund - B3 | 0 | 103,366,540 | 153.75 | 2.82 | 103,366,540 | 146.71 | 2.96 |
| Fairtree Global Equity Prescient Feeder- B3 | 0 | 31,854,998 | 101.79 | 1.87 | 31,854,998 | 103.75 | 2.09 |
| General Equity Total | 0 | 135,221,538 | 255.54 | 4.69 | 135,221,538 | 250.46 | 5.05 |
| KAP Ltd. | 288,955 | 4,321,550 | 8.30 | 0.15 | 4,032,595 | 6.73 | 0.14 |
| The Bidvest Group Ltd. | -17,537 | 53,077 | 12.61 | 0.23 | 70,614 | 14.90 | 0.30 |
| General Industrials Total | 271,418 | 4,374,627 | 20.90 | 0.38 | 4,103,209 | 21.64 | 0.44 |
| Life Healthcare Group Holdings Ltd. | -181,384 | 374,966 | 4.27 | 0.08 | 556,350 | 6.46 | 0.13 |
| Netcare Ltd. | -471,234 | 1,343,787 | 21.27 | 0.39 | 1,815,021 | 25.97 | 0.52 |
| Health Care Providers Total | -652,618 | 1,718,753 | 25.54 | 0.47 | 2,371,371 | 32.43 | 0.65 |
| Fairtree ALBI Plus Prescient Fund - B2 | 766,624 | 41,703,066 | 56.04 | 1.03 | 40,936,442 | 51.45 | 1.04 |
| Fairtree BCI Income Plus - I | 857,728 | 60,684,568 | 78.74 | 1.45 | 59,826,840 | 77.30 | 1.56 |
| Fairtree Money Market Prescient - B2 | 660,569 | 37,001,843 | 37.45 | 0.69 | 36,341,274 | 36.79 | 0.74 |
| Income Total | 2,284,921 | 139,389,477 | 172.23 | 3.16 | 137,104,556 | 165.54 | 3.34 |
| Sappi Ltd. | -93,208 | 0 | 0.00 | 0.00 | 93,208 | 2.15 | 0.04 |
| Industrial Materials Total | -93,208 | 0 | 0.00 | 0.00 | 93,208 | 2.15 | 0.04 |
| African Rainbow Minerals Ltd. | -2,693 | 160,020 | 31.83 | 0.58 | 162,713 | 30.17 | 0.61 |
| Afrimat Ltd. | 1,466 | 76,543 | 3.15 | 0.06 | 75,077 | 2.87 | 0.06 |
| Anglo American plc | -14,637 | 0 | 0.00 | 0.00 | 14,637 | 9.44 | 0.19 |
| Glencore plc | 31,263 | 896,508 | 81.72 | 1.50 | 865,245 | 69.22 | 1.40 |
| Kumba Iron Ore Ltd. | -14,642 | 4,233 | 1.49 | 0.03 | 18,875 | 6.16 | 0.12 |
| Orion Minerals Ltd. | -152,539 | 9,046,426 | 1.99 | 0.04 | 9,198,965 | 1.75 | 0.04 |
| South32 Ltd. | 35,148 | 167,903 | 6.61 | 0.12 | 132,755 | 4.21 | 0.09 |
| Industrial Metals and Mining Total | -116,634 | 10,351,633 | 126.78 | 2.33 | 10,468,267 | 123.82 | 2.50 |
| Fairtree Global Emerging Markets Prescient - B3 | 239,198,526 | 239,198,526 | 401.09 | 7.36 | 0 | 0.00 | 0.00 |
| Fairtree Global Emerging Markets Prescient - B4 | -201,063,197 | 150,213,356 | 253.20 | 4.65 | 351,276,553 | 597.80 | 12.06 |
| Fairtree Global Real Estate Prescient Feeder - B3 | 15,664,019 | 77,416,372 | 123.05 | 2.26 | 61,752,353 | 105.27 | 2.12 |
| International Total | 53,799,348 | 466,828,254 | 777.33 | 14.27 | 413,028,906 | 703.07 | 14.19 |
| Ninety One Ltd. | -27,950 | 0 | 0.00 | 0.00 | 27,950 | 1.27 | 0.03 |
| Reinet Investments SCA | -33,016 | 14,688 | 8.52 | 0.16 | 47,704 | 24.10 | 0.49 |
| Remgro Ltd. | -28,097 | 495,213 | 89.94 | 1.65 | 523,310 | 88.40 | 1.78 |
| Investment Banking and Brokerage Services Total | -89,063 | 509,901 | 98.45 | 1.81 | 598,964 | 113.76 | 2.30 |
| Discovery Ltd. | 8,659 | 33,839 | 7.70 | 0.14 | 25,180 | 4.98 | 0.10 |
| Old Mutual Ltd. | -128,451 | 0 | 0.00 | 0.00 | 128,451 | 1.71 | 0.03 |
| Sanlam Ltd. | -28,841 | 1,189,888 | 117.19 | 2.15 | 1,218,729 | 101.14 | 2.04 |
| Life Insurance Total | -148,633 | 1,223,727 | 124.89 | 2.29 | 1,372,360 | 107.84 | 2.18 |
| eMedia Holdings Ltd. | -223,794 | 0 | 0.00 | 0.00 | 223,794 | 0.39 | 0.01 |
| Media Total | -223,794 | 0 | 0.00 | 0.00 | 223,794 | 0.39 | 0.01 |
| OUTsurance Group Ltd. | 42,690 | 176,532 | 12.65 | 0.23 | 133,842 | 9.56 | 0.19 |
| Non-life Insurance Total | 42,690 | 176,532 | 12.65 | 0.23 | 133,842 | 9.56 | 0.19 |
| Bid Corporation Ltd. | -11,072 | 11,618 | 4.90 | 0.09 | 22,690 | 9.80 | 0.20 |
| Boxer Retail Ltd. | -36,089 | 0 | 0.00 | 0.00 | 36,089 | 2.47 | 0.05 |
| Dis-Chem Pharmacies Ltd. | -176,264 | 86,577 | 3.03 | 0.06 | 262,841 | 8.59 | 0.17 |
| Shoprite Holdings Ltd. | -80,220 | 71,942 | 19.44 | 0.36 | 152,162 | 41.73 | 0.84 |
| Personal Care, Drug and Grocery Stores Total | -303,645 | 170,137 | 27.37 | 0.50 | 473,782 | 62.60 | 1.26 |
| Compagnie Financière Richemont SA | -3,645 | 0 | 0.00 | 0.00 | 3,645 | 11.92 | 0.24 |
| Personal Goods Total | -3,645 | 0 | 0.00 | 0.00 | 3,645 | 11.92 | 0.24 |
| Aspen Pharmacare Holdings Ltd. | -48,541 | 30,252 | 3.53 | 0.06 | 78,793 | 7.56 | 0.15 |
| Pharmaceuticals and Biotechnology Total | -48,541 | 30,252 | 3.53 | 0.06 | 78,793 | 7.56 | 0.15 |
| AngloGold Ashanti plc | -6,697 | 98,200 | 140.74 | 2.58 | 104,897 | 124.84 | 2.52 |
| Gold Fields Ltd. | 17,067 | 266,795 | 193.62 | 3.55 | 249,728 | 179.34 | 3.62 |
| Harmony Gold Mining Company Ltd. | -4,636 | 135,741 | 45.76 | 0.84 | 140,377 | 43.10 | 0.87 |
| Impala Platinum Holdings Ltd. | 348,361 | 692,303 | 181.38 | 3.33 | 343,942 | 74.91 | 1.51 |
| Northam Platinum Holdings Ltd. | 91,264 | 398,684 | 134.40 | 2.47 | 307,420 | 85.77 | 1.73 |
| Pan African Resources plc | 83,104 | 573,059 | 15.43 | 0.28 | 489,955 | 9.83 | 0.20 |
| Sibanye Stillwater Ltd. | 22,962 | 22,962 | 1.39 | 0.03 | 0 | 0.00 | 0.00 |
| Valterra Platinum Ltd. | -13,600 | 27,730 | 39.09 | 0.72 | 41,330 | 49.93 | 1.01 |
| Precious Metals and Mining Total | 537,825 | 2,215,474 | 751.80 | 13.80 | 1,677,649 | 567.72 | 11.46 |
| Fairtree SA Balanced Prescient Fund - B3 | 0 | 35,093,214 | 45.66 | 0.84 | 35,093,214 | 41.49 | 0.84 |
| Prudential Total | 0 | 35,093,214 | 45.66 | 0.84 | 35,093,214 | 41.49 | 0.84 |
| NEPI Rockcastle NV | -32,932 | 153,502 | 22.39 | 0.41 | 186,434 | 25.72 | 0.52 |
| Real Estate Investment and Services Total | -32,932 | 153,502 | 22.39 | 0.41 | 186,434 | 25.72 | 0.52 |
| Growthpoint Properties Ltd. | -207,014 | 1,189,548 | 20.41 | 0.37 | 1,396,562 | 20.63 | 0.42 |
| Redefine Properties Ltd. | 1,660,554 | 4,437,726 | 26.63 | 0.49 | 2,777,172 | 13.80 | 0.28 |
| Resilient REIT Ltd. | 85,418 | 302,053 | 24.16 | 0.44 | 216,635 | 13.84 | 0.28 |
| Vukile Property Fund Ltd. | 41,378 | 929,709 | 23.24 | 0.43 | 888,331 | 18.56 | 0.37 |
| Real Estate Investment Trusts Total | 1,580,336 | 6,859,036 | 94.45 | 1.73 | 5,278,700 | 66.83 | 1.35 |
| Motus Holdings Ltd. | 89,516 | 357,731 | 43.62 | 0.80 | 268,215 | 27.89 | 0.56 |
| Mr Price Group Ltd. | 35,571 | 377,665 | 66.08 | 1.21 | 342,094 | 69.92 | 1.41 |
| Pepkor Holdings Ltd. | 163,208 | 1,589,540 | 42.04 | 0.77 | 1,426,332 | 34.95 | 0.71 |
| The Foschini Group Ltd. | -51,800 | 285,897 | 24.37 | 0.45 | 337,697 | 36.65 | 0.74 |
| Truworths International Ltd. | 203,013 | 858,536 | 48.88 | 0.90 | 655,523 | 35.79 | 0.72 |
| We Buy Cars Holdings Ltd. | 28,709 | 132,728 | 6.35 | 0.12 | 104,019 | 5.77 | 0.12 |
| Woolworths Holdings Ltd. | 98,770 | 501,953 | 28.11 | 0.52 | 403,183 | 20.19 | 0.41 |
| Retailers Total | 566,987 | 4,104,050 | 259.45 | 4.76 | 3,537,063 | 231.16 | 4.67 |
| Naspers Ltd. | 131,362 | 159,918 | 176.63 | 3.24 | 28,556 | 179.95 | 3.63 |
| Prosus NV | -18,417 | 104,308 | 106.76 | 1.96 | 122,725 | 150.31 | 3.03 |
| Software and Computer Services Total | 112,945 | 264,226 | 283.39 | 5.20 | 151,281 | 330.26 | 6.67 |
| MTN Group Ltd. | 76,283 | 123,348 | 20.91 | 0.38 | 47,065 | 6.60 | 0.13 |
| Telecommunications Service Providers Total | 76,283 | 123,348 | 20.91 | 0.38 | 47,065 | 6.60 | 0.13 |
| Famous Brands Ltd. | -23,185 | 0 | 0.00 | 0.00 | 23,185 | 1.24 | 0.03 |
| Tsogo Sun Ltd. | -1,540 | 196,187 | 1.37 | 0.03 | 197,727 | 1.29 | 0.03 |
| Travel and Leisure Total | -24,725 | 196,187 | 1.37 | 0.03 | 220,912 | 2.53 | 0.05 |
| Portfolio Total | 74,695,010 | 1,550,099,954 | 5,446.75 | 100.00 | 1,475,404,944 | 4,955.11 | 100.00 |