| | | |
| Security | Change | # Units | Value (Rm) | % Fund | # Units | Value (Rm) | % Fund |
| Copart Inc Com | -15,228 | 0 | 0.00 | 0.00 | 15,228 | 9.88 | 0.58 |
| Ferrari N.V | -2,816 | 0 | 0.00 | 0.00 | 2,816 | 17.46 | 1.03 |
| Auto Total | -18,044 | 0 | 0.00 | 0.00 | 18,044 | 27.34 | 1.61 |
| Capitec Bank Holdings Ltd. | -4,692 | 8,142 | 33.56 | 2.32 | 12,834 | 53.34 | 3.13 |
| Banks Total | -4,692 | 8,142 | 33.56 | 2.32 | 12,834 | 53.34 | 3.13 |
| Cash on call | 0 | 0 | 3.33 | 0.23 | 0 | 3.85 | 0.23 |
| Cash on call Total | 0 | 0 | 3.33 | 0.23 | 0 | 3.85 | 0.23 |
| Accenture Ltd | -126 | 2,246 | 7.61 | 0.53 | 2,372 | 10.54 | 0.62 |
| Alphabet Inc A | -7,277 | 17,405 | 85.53 | 5.91 | 24,682 | 127.99 | 7.52 |
| L'Oreal | 1,051 | 7,946 | 54.65 | 3.78 | 6,895 | 49.18 | 2.89 |
| McDonald's Corporation | 1,536 | 9,508 | 50.50 | 3.49 | 7,972 | 40.36 | 2.37 |
| Netflix Inc | 14,287 | 34,297 | 56.35 | 3.89 | 20,010 | 31.08 | 1.83 |
| Verisk Analytics | -5,459 | 7,909 | 25.65 | 1.77 | 13,368 | 49.54 | 2.91 |
| Cyclical Goods & Services Total | 4,012 | 79,311 | 280.29 | 19.37 | 75,299 | 308.70 | 18.13 |
| Linde PLC | -1,091 | 5,914 | 50.10 | 3.46 | 7,005 | 49.48 | 2.91 |
| Energy Total | -1,091 | 5,914 | 50.10 | 3.46 | 7,005 | 49.48 | 2.91 |
| Essilor International | -5,287 | 4,491 | 17.54 | 1.21 | 9,778 | 51.35 | 3.02 |
| LVMH Moet Hennessy | 681 | 4,469 | 40.74 | 2.82 | 3,788 | 47.54 | 2.79 |
| Equities Total | -4,606 | 8,960 | 58.28 | 4.03 | 13,566 | 98.89 | 5.81 |
| Mastercard Inc | -1,363 | 5,955 | 50.85 | 3.51 | 7,318 | 69.21 | 4.07 |
| Financial Services Total | -1,363 | 5,955 | 50.85 | 3.51 | 7,318 | 69.21 | 4.07 |
| S&P Global Inc | -355 | 8,005 | 58.19 | 4.02 | 8,360 | 72.38 | 4.25 |
| Financials Total | -355 | 8,005 | 58.19 | 4.02 | 8,360 | 72.38 | 4.25 |
| European - Currency | 0 | 0 | 0.00 | 0.00 | 0 | 11.85 | 0.70 |
| Hong Kong - Currency | 0 | 0 | 0.00 | 0.00 | 0 | 0.04 | 0.00 |
| Japan - Currency | 0 | 0 | 0.00 | 0.00 | 0 | 0.00 | 0.00 |
| USA - Currency | 0 | 0 | 3.40 | 0.23 | 0 | 19.66 | 1.15 |
| For Currency Total | 0 | 0 | 3.40 | 0.24 | 0 | 31.55 | 1.85 |
| Foreign - Equities | 0 | 0 | 19.63 | 1.36 | 0 | 0.00 | 0.00 |
| Foreign Invest Total | 0 | 0 | 19.63 | 1.36 | 0 | 0.00 | 0.00 |
| The Bidvest Group Ltd. | -8,286 | 125,505 | 28.56 | 1.97 | 133,791 | 31.77 | 1.87 |
| General Industrials Total | -8,286 | 125,505 | 28.56 | 1.97 | 133,791 | 31.77 | 1.87 |
| Amphenol Corporation | -11,203 | 15,979 | 34.56 | 2.39 | 27,182 | 60.95 | 3.58 |
| ASML Holding NV | -388 | 3,225 | 71.05 | 4.91 | 3,613 | 64.78 | 3.80 |
| Eaton Corporation | 609 | 9,012 | 55.08 | 3.81 | 8,403 | 44.34 | 2.60 |
| General Electric Company | -7,723 | 9,088 | 44.14 | 3.05 | 16,811 | 85.87 | 5.04 |
| SAFRAN | 8,121 | 8,121 | 44.67 | 3.09 | 0 | 0.00 | 0.00 |
| Goods & Services Total | -10,584 | 45,425 | 249.51 | 17.24 | 56,009 | 255.94 | 15.03 |
| Stryker Corporation | -457 | 7,599 | 42.77 | 2.96 | 8,056 | 47.01 | 2.76 |
| Healthcare Total | -457 | 7,599 | 42.77 | 2.96 | 8,056 | 47.01 | 2.76 |
| AIA Group Limited | 95,800 | 273,800 | 50.64 | 3.50 | 178,000 | 30.27 | 1.78 |
| ARTHUR J. GALLAGHER & CO | -689 | 12,380 | 45.82 | 3.17 | 13,069 | 56.03 | 3.29 |
| Insurance Total | 95,111 | 286,180 | 96.46 | 6.67 | 191,069 | 86.30 | 5.07 |
| PSG Financial Services Ltd. | -620,568 | 1,317,423 | 35.16 | 2.43 | 1,937,991 | 52.81 | 3.10 |
| Investment Banking and Brokerage Services Total | -620,568 | 1,317,423 | 35.16 | 2.43 | 1,937,991 | 52.81 | 3.10 |
| Boxer Retail Ltd. | -41,806 | 561,431 | 42.15 | 2.91 | 603,237 | 43.04 | 2.53 |
| Shoprite Holdings Ltd. | -44,783 | 151,123 | 41.68 | 2.88 | 195,906 | 52.94 | 3.11 |
| Personal Care, Drug and Grocery Stores Total | -86,589 | 712,554 | 83.83 | 5.79 | 799,143 | 95.98 | 5.64 |
| Visa Inc | -2,188 | 8,668 | 44.77 | 3.09 | 10,856 | 63.07 | 3.70 |
| Retail Total | -2,188 | 8,668 | 44.77 | 3.09 | 10,856 | 63.07 | 3.70 |
| Pepkor Holdings Ltd. | -170,437 | 1,932,219 | 43.67 | 3.02 | 2,102,656 | 55.62 | 3.27 |
| Retailers Total | -170,437 | 1,932,219 | 43.67 | 3.02 | 2,102,656 | 55.62 | 3.27 |
| Prosus NV | 14,286 | 65,124 | 50.06 | 3.46 | 50,838 | 52.03 | 3.06 |
| Software and Computer Services Total | 14,286 | 65,124 | 50.06 | 3.46 | 50,838 | 52.03 | 3.06 |
| Amazon.Com | -4,375 | 11,777 | 41.92 | 2.90 | 16,152 | 61.76 | 3.63 |
| Broadcom Corporation | 1,337 | 10,274 | 54.34 | 3.76 | 8,937 | 51.24 | 3.01 |
| Cadence Design Systems Incorporated | -1,701 | 8,976 | 42.62 | 2.95 | 10,677 | 55.29 | 3.25 |
| Cintas Corporation | 11,306 | 11,306 | 32.68 | 2.26 | 0 | 0.00 | 0.00 |
| Microsoft Corporation | -3,078 | 6,785 | 42.92 | 2.97 | 9,863 | 79.02 | 4.64 |
| Technology Total | 3,489 | 49,118 | 214.48 | 14.82 | 45,629 | 247.32 | 14.53 |
| Portfolio Total | -812,362 | 4,666,102 | 1,446.90 | 100.00 | 5,478,464 | 1,702.59 | 100.00 |