| | | |
| Security | Change | # Units | Value (Rm) | % Fund | # Units | Value (Rm) | % Fund |
| Bayerische Motoren Werke AG | 0 | 80,000 | 122.65 | 1.57 | 80,000 | 144.87 | 1.70 |
| Auto Total | 0 | 80,000 | 122.65 | 1.57 | 80,000 | 144.87 | 1.70 |
| Absa Group Ltd. | -360,000 | 2,170,000 | 518.50 | 6.63 | 2,530,000 | 605.58 | 7.12 |
| FirstRand Ltd. | -100,000 | 6,800,000 | 599.42 | 7.67 | 6,900,000 | 626.18 | 7.36 |
| Nu Holdings Ltd | 135,000 | 375,000 | 86.19 | 1.10 | 240,000 | 67.00 | 0.79 |
| Sberbank | 1,636,000 | 1,636,000 | 16.93 | 0.22 | 0 | 16.47 | 0.19 |
| Banks Total | 1,311,000 | 10,981,000 | 1,221.04 | 15.62 | 9,670,000 | 1,315.22 | 15.47 |
| SA Bond R2030 | -73,000,000 | 0 | 0.00 | 0.00 | 73,000,000 | 77.12 | 0.91 |
| SA Bond R2032 | -115,229,481 | 118,700,000 | 115.95 | 1.48 | 233,929,481 | 244.98 | 2.88 |
| SA Bond R2035 | 0 | 393,400,000 | 389.53 | 4.98 | 393,400,000 | 422.19 | 4.97 |
| SA Bond R2037 | 85,100,000 | 212,600,000 | 201.70 | 2.58 | 127,500,000 | 131.34 | 1.54 |
| Bond Total | -103,129,481 | 724,700,000 | 707.18 | 9.05 | 827,829,481 | 875.63 | 10.30 |
| Fidelity Institutional Liquidity Fund (EUR) | -141 | 192 | 56.52 | 0.72 | 333 | 96.83 | 1.14 |
| Fidelity Institutional Liquidity Fund (GBP) | 45 | 46 | 25.37 | 0.32 | 1 | 0.52 | 0.01 |
| Fidelity Institutional Liquidity Fund (USD) | 81 | 106 | 39.00 | 0.50 | 25 | 8.95 | 0.11 |
| Cash Total | -15 | 344 | 120.89 | 1.55 | 359 | 106.30 | 1.25 |
| Cash on call | 0 | 0 | 194.85 | 2.49 | 0 | 197.96 | 2.33 |
| Cash on call Total | 0 | 0 | 194.85 | 2.49 | 0 | 197.96 | 2.33 |
| Sasol Ltd. | 235,000 | 235,000 | 52.77 | 0.68 | 0 | 0.00 | 0.00 |
| Chemicals Total | 235,000 | 235,000 | 52.77 | 0.68 | 0 | 0.00 | 0.00 |
| PPC Ltd. | -6,969 | 34,269,876 | 203.22 | 2.60 | 34,276,845 | 191.61 | 2.25 |
| Wilson Bayly Holmes - Ovcon Ltd. | 0 | 650,000 | 100.11 | 1.28 | 650,000 | 108.61 | 1.28 |
| Construction and Materials Total | -6,969 | 34,919,876 | 303.33 | 3.88 | 34,926,845 | 300.22 | 3.53 |
| Advtech Ltd. | 0 | 814,527 | 34.00 | 0.43 | 814,527 | 30.32 | 0.36 |
| Trip.com Group Ltd | 56,000 | 231,000 | 193.23 | 2.47 | 175,000 | 209.31 | 2.46 |
| Consumer Services Total | 56,000 | 1,045,527 | 227.23 | 2.91 | 989,527 | 239.63 | 2.82 |
| Flutter Entertainment | -24,400 | 0 | 0.00 | 0.00 | 24,400 | 87.66 | 1.03 |
| Koninklijke Philips N.V. | 0 | 442,981 | 202.77 | 2.59 | 442,981 | 199.73 | 2.35 |
| Uber Technologies | 42,000 | 42,000 | 49.95 | 0.64 | 0 | 0.00 | 0.00 |
| Cyclical Goods & Services Total | 17,600 | 484,981 | 252.72 | 3.23 | 467,381 | 287.39 | 3.38 |
| EXOR S.p.A | 0 | 216,989 | 279.20 | 3.57 | 216,989 | 305.66 | 3.59 |
| Financial Services Total | 0 | 216,989 | 279.20 | 3.57 | 216,989 | 305.66 | 3.59 |
| Associated British Foods | -196,000 | 234,000 | 99.89 | 1.28 | 430,000 | 207.77 | 2.44 |
| Food & Beverage Total | -196,000 | 234,000 | 99.89 | 1.28 | 430,000 | 207.77 | 2.44 |
| European - Currency | 0 | 0 | 0.60 | 0.01 | 0 | 0.10 | 0.00 |
| Hong Kong - Currency | 0 | 0 | 0.20 | 0.00 | 0 | 0.19 | 0.00 |
| United Kingdom - Currency | 0 | 0 | 62.27 | 0.80 | 0 | 0.07 | 0.00 |
| USA - Currency | 0 | 0 | 0.26 | 0.00 | 0 | 1.06 | 0.01 |
| For Currency Total | 0 | 0 | 63.32 | 0.81 | 0 | 1.42 | 0.02 |
| Foreign - Equities | 0 | 0 | 416.28 | 5.33 | 0 | 496.55 | 5.84 |
| Foreign Invest Total | 0 | 0 | 416.28 | 5.33 | 0 | 496.55 | 5.84 |
| Centaur FR SA Equity - A1 | 911,628 | 61,215,645 | 87.04 | 1.11 | 60,304,017 | 90.37 | 1.06 |
| Equity | 0 | 4,758,570 | 0.05 | 0.00 | 4,758,570 | 0.05 | 0.00 |
| General Equity Total | 911,628 | 65,974,215 | 87.08 | 1.11 | 65,062,587 | 90.41 | 1.06 |
| Netcare Ltd. | -766,941 | 14,233,059 | 234.28 | 3.00 | 15,000,000 | 237.45 | 2.79 |
| Health Care Providers Total | -766,941 | 14,233,059 | 234.28 | 3.00 | 15,000,000 | 237.45 | 2.79 |
| Fairtree FR Income Plus - F | 21,575,689 | 122,956,610 | 157.31 | 2.01 | 101,380,921 | 131.35 | 1.54 |
| Income Total | 21,575,689 | 122,956,610 | 157.31 | 2.01 | 101,380,921 | 131.35 | 1.54 |
| African Rainbow Minerals Ltd. | -528,000 | 716,000 | 163.08 | 2.09 | 1,244,000 | 247.43 | 2.91 |
| Anglo American plc | -75,000 | 80,000 | 57.48 | 0.74 | 155,000 | 106.19 | 1.25 |
| Industrial Metals and Mining Total | -603,000 | 796,000 | 220.56 | 2.82 | 1,399,000 | 353.62 | 4.16 |
| JSE Ltd. | 0 | 689,460 | 109.02 | 1.39 | 689,460 | 98.89 | 1.16 |
| Remgro Ltd. | 83,000 | 1,473,000 | 276.61 | 3.54 | 1,390,000 | 252.44 | 2.97 |
| Investment Banking and Brokerage Services Total | 83,000 | 2,162,460 | 385.63 | 4.93 | 2,079,460 | 351.33 | 4.13 |
| Momentum Group Ltd. | 0 | 8,500,000 | 305.32 | 3.91 | 8,500,000 | 325.04 | 3.82 |
| Old Mutual Ltd. | -7,300,000 | 4,100,000 | 56.74 | 0.73 | 11,400,000 | 169.86 | 2.00 |
| Life Insurance Total | -7,300,000 | 12,600,000 | 362.06 | 4.63 | 19,900,000 | 494.90 | 5.82 |
| eMedia Holdings Ltd. | 0 | 4,158,207 | 9.15 | 0.12 | 4,158,207 | 8.98 | 0.11 |
| Media Total | 0 | 4,158,207 | 9.15 | 0.12 | 4,158,207 | 8.98 | 0.11 |
| Allan Gray Money Market - A | 97,751,245 | 98,963,578 | 99.39 | 1.27 | 1,212,333 | 1.22 | 0.01 |
| Coronation Money Market - P | -1,418,492 | 54,850 | 0.06 | 0.00 | 1,473,342 | 1.49 | 0.02 |
| Momentum Money Market - C1 | 97,748,390 | 98,872,072 | 99.29 | 1.27 | 1,123,682 | 1.14 | 0.01 |
| Ninety One Money Market - B | 97,748,302 | 98,895,494 | 99.31 | 1.27 | 1,147,192 | 1.16 | 0.01 |
| Money Market Total | 291,829,445 | 296,785,994 | 298.05 | 3.81 | 4,956,549 | 5.01 | 0.06 |
| OUTsurance Group Ltd. | 0 | 3,300,000 | 229.25 | 2.93 | 3,300,000 | 236.48 | 2.78 |
| Non-life Insurance Total | 0 | 3,300,000 | 229.25 | 2.93 | 3,300,000 | 236.48 | 2.78 |
| Bid Corporation Ltd. | -189,000 | 256,000 | 104.73 | 1.34 | 445,000 | 187.73 | 2.21 |
| Personal Care, Drug and Grocery Stores Total | -189,000 | 256,000 | 104.73 | 1.34 | 445,000 | 187.73 | 2.21 |
| Compagnie Financière Richemont SA | 0 | 29,167 | 85.65 | 1.10 | 29,167 | 105.79 | 1.24 |
| Personal Goods Total | 0 | 29,167 | 85.65 | 1.10 | 29,167 | 105.79 | 1.24 |
| Aspen Pharmacare Holdings Ltd. | -182,500 | 1,817,500 | 234.48 | 3.00 | 2,000,000 | 233.58 | 2.75 |
| Pharmaceuticals and Biotechnology Total | -182,500 | 1,817,500 | 234.48 | 3.00 | 2,000,000 | 233.58 | 2.75 |
| Valterra Platinum Ltd. | -55,000 | 165,000 | 227.57 | 2.91 | 220,000 | 310.10 | 3.65 |
| Precious Metals and Mining Total | -55,000 | 165,000 | 227.57 | 2.91 | 220,000 | 310.10 | 3.65 |
| Standard Bank Group Ltd. | -263,148 | 0 | 0.00 | 0.00 | 263,148 | 25.60 | 0.30 |
| Preference Shares Total | -263,148 | 0 | 0.00 | 0.00 | 263,148 | 25.60 | 0.30 |
| Mr Price Group Ltd. | 126,000 | 126,000 | 19.12 | 0.24 | 0 | 0.00 | 0.00 |
| Truworths International Ltd. | 0 | 3,930,000 | 203.57 | 2.60 | 3,930,000 | 223.73 | 2.63 |
| Retailers Total | 126,000 | 4,056,000 | 222.69 | 2.85 | 3,930,000 | 223.73 | 2.63 |
| Prosus NV | 11,065 | 536,065 | 409.63 | 5.24 | 525,000 | 537.35 | 6.32 |
| Software and Computer Services Total | 11,065 | 536,065 | 409.63 | 5.24 | 525,000 | 537.35 | 6.32 |
| Delivery Hero | 0 | 390,000 | 120.06 | 1.54 | 390,000 | 172.28 | 2.03 |
| Dell Technologies Inc | 0 | 105,000 | 294.13 | 3.76 | 105,000 | 222.13 | 2.61 |
| Microsoft Corporation | 0 | 12,000 | 73.28 | 0.94 | 12,000 | 96.74 | 1.14 |
| Technology Total | 0 | 507,000 | 487.46 | 6.24 | 507,000 | 491.16 | 5.78 |
| Portfolio Total | 203,464,373 | 1,303,230,994 | 7,816.94 | 100.00 | 1,099,766,621 | 8,503.20 | 100.00 |