| | | |
| Security | Change | # Units | Value (Rm) | % Fund | # Units | Value (Rm) | % Fund |
| Copart Inc Com | -43,098 | 15,228 | 9.88 | 0.58 | 58,326 | 45.25 | 2.34 |
| Ferrari N.V | -1,414 | 2,816 | 17.46 | 1.03 | 4,230 | 35.29 | 1.82 |
| Auto Total | -44,512 | 18,044 | 27.34 | 1.61 | 62,556 | 80.54 | 4.16 |
| Capitec Bank Holdings Ltd. | -4,681 | 12,834 | 53.34 | 3.13 | 17,515 | 60.85 | 3.15 |
| Banks Total | -4,681 | 12,834 | 53.34 | 3.13 | 17,515 | 60.85 | 3.15 |
| Cash on call | 0 | 0 | 3.85 | 0.23 | 0 | 7.67 | 0.40 |
| Cash on call Total | 0 | 0 | 3.85 | 0.23 | 0 | 7.67 | 0.40 |
| Accenture Ltd | -2,770 | 2,372 | 10.54 | 0.62 | 5,142 | 21.88 | 1.13 |
| Alphabet Inc A | -2,416 | 24,682 | 127.99 | 7.52 | 27,098 | 113.65 | 5.87 |
| L'Oreal | -160 | 6,895 | 49.18 | 2.89 | 7,055 | 52.69 | 2.72 |
| McDonald's Corporation | -186 | 7,972 | 40.36 | 2.37 | 8,158 | 42.77 | 2.21 |
| Netflix Inc | 16,120 | 20,010 | 31.08 | 1.83 | 3,890 | 80.46 | 4.16 |
| Verisk Analytics | 1,267 | 13,368 | 49.54 | 2.91 | 12,101 | 52.51 | 2.71 |
| Cyclical Goods & Services Total | 11,855 | 75,299 | 308.70 | 18.13 | 63,444 | 363.95 | 18.81 |
| Linde PLC | -163 | 7,005 | 49.48 | 2.91 | 7,168 | 58.74 | 3.04 |
| Energy Total | -163 | 7,005 | 49.48 | 2.91 | 7,168 | 58.74 | 3.04 |
| Essilor International | -7,352 | 9,778 | 51.35 | 3.02 | 17,130 | 95.82 | 4.95 |
| Keyence Corporation | -4,415 | 0 | 0.00 | 0.00 | 4,415 | 28.53 | 1.47 |
| LVMH Moet Hennessy | 2,220 | 3,788 | 47.54 | 2.79 | 1,568 | 16.54 | 0.86 |
| Equities Total | -9,547 | 13,566 | 98.89 | 5.81 | 23,113 | 140.90 | 7.28 |
| Mastercard Inc | 520 | 7,318 | 69.21 | 4.07 | 6,798 | 66.71 | 3.45 |
| Financial Services Total | 520 | 7,318 | 69.21 | 4.07 | 6,798 | 66.71 | 3.45 |
| S&P Global Inc | 2,175 | 8,360 | 72.38 | 4.25 | 6,185 | 51.93 | 2.68 |
| Financials Total | 2,175 | 8,360 | 72.38 | 4.25 | 6,185 | 51.93 | 2.68 |
| European - Currency | 0 | 0 | 11.85 | 0.70 | 0 | 4.74 | 0.24 |
| Hong Kong - Currency | 0 | 0 | 0.04 | 0.00 | 0 | 0.00 | 0.00 |
| Japan - Currency | 0 | 0 | 0.00 | 0.00 | 0 | 0.00 | 0.00 |
| USA - Currency | 0 | 0 | 19.66 | 1.15 | 0 | 27.15 | 1.40 |
| For Currency Total | 0 | 0 | 31.55 | 1.85 | 0 | 31.89 | 1.65 |
| The Bidvest Group Ltd. | -15,635 | 133,791 | 31.77 | 1.87 | 149,426 | 31.65 | 1.64 |
| General Industrials Total | -15,635 | 133,791 | 31.77 | 1.87 | 149,426 | 31.65 | 1.64 |
| Amphenol Corporation | -7,230 | 27,182 | 60.95 | 3.58 | 34,412 | 73.55 | 3.80 |
| ASML Holding NV | -532 | 3,613 | 64.78 | 3.80 | 4,145 | 69.57 | 3.60 |
| Eaton Corporation | -196 | 8,403 | 44.34 | 2.60 | 8,599 | 55.52 | 2.87 |
| General Electric Company | -391 | 16,811 | 85.87 | 5.04 | 17,202 | 89.36 | 4.62 |
| Goods & Services Total | -8,349 | 56,009 | 255.94 | 15.03 | 64,358 | 288.00 | 14.89 |
| Stryker Corporation | -187 | 8,056 | 47.01 | 2.76 | 8,243 | 52.67 | 2.72 |
| Zoetis Inc | -12,749 | 0 | 0.00 | 0.00 | 12,749 | 32.18 | 1.66 |
| Healthcare Total | -12,936 | 8,056 | 47.01 | 2.76 | 20,992 | 84.85 | 4.39 |
| AIA Group Limited | 178,000 | 178,000 | 30.27 | 1.78 | 0 | 0.00 | 0.00 |
| ARTHUR J. GALLAGHER & CO | 4,203 | 13,069 | 56.03 | 3.29 | 8,866 | 47.38 | 2.45 |
| Insurance Total | 182,203 | 191,069 | 86.30 | 5.07 | 8,866 | 47.38 | 2.45 |
| PSG Financial Services Ltd. | -625,805 | 1,937,991 | 52.81 | 3.10 | 2,563,796 | 58.45 | 3.02 |
| Investment Banking and Brokerage Services Total | -625,805 | 1,937,991 | 52.81 | 3.10 | 2,563,796 | 58.45 | 3.02 |
| Boxer Retail Ltd. | -20,953 | 603,237 | 43.04 | 2.53 | 624,190 | 43.17 | 2.23 |
| Shoprite Holdings Ltd. | -26,805 | 195,906 | 52.94 | 3.11 | 222,711 | 61.03 | 3.15 |
| Personal Care, Drug and Grocery Stores Total | -47,758 | 799,143 | 95.98 | 5.64 | 846,901 | 104.19 | 5.39 |
| Visa Inc | 895 | 10,856 | 63.07 | 3.70 | 9,961 | 58.66 | 3.03 |
| Retail Total | 895 | 10,856 | 63.07 | 3.70 | 9,961 | 58.66 | 3.03 |
| Pepkor Holdings Ltd. | -294,526 | 2,102,656 | 55.62 | 3.27 | 2,397,182 | 58.28 | 3.01 |
| Retailers Total | -294,526 | 2,102,656 | 55.62 | 3.27 | 2,397,182 | 58.28 | 3.01 |
| Prosus NV | 288 | 50,838 | 52.03 | 3.06 | 50,550 | 61.20 | 3.16 |
| Software and Computer Services Total | 288 | 50,838 | 52.03 | 3.06 | 50,550 | 61.20 | 3.16 |
| Amazon.Com | -5,703 | 16,152 | 61.76 | 3.63 | 21,855 | 82.79 | 4.28 |
| Broadcom Corporation | 1,969 | 8,937 | 51.24 | 3.01 | 6,968 | 39.66 | 2.05 |
| Cadence Design Systems Incorporated | -248 | 10,677 | 55.29 | 3.25 | 10,925 | 66.20 | 3.42 |
| Microsoft Corporation | -229 | 9,863 | 79.02 | 4.64 | 10,092 | 90.18 | 4.66 |
| Technology Total | -4,211 | 45,629 | 247.32 | 14.53 | 49,840 | 278.83 | 14.41 |
| Portfolio Total | -870,187 | 5,478,464 | 1,702.59 | 100.00 | 6,348,651 | 1,934.68 | 100.00 |