| | | |
| Security | Change | # Units | Value (Rm) | % Fund | # Units | Value (Rm) | % Fund |
| Absa Group Ltd. | 0 | 20,128 | 3.64 | 0.11 | 20,128 | 3.54 | 0.11 |
| FirstRand Ltd. | 0 | 1,191,703 | 92.55 | 2.72 | 1,191,703 | 90.83 | 2.79 |
| Investec Ltd. | 0 | 360,000 | 46.12 | 1.35 | 360,000 | 47.61 | 1.46 |
| Nedbank Group Ltd. | 0 | 77,000 | 16.44 | 0.48 | 77,000 | 18.80 | 0.58 |
| Standard Bank Group Ltd. | 0 | 354,185 | 83.73 | 2.46 | 354,185 | 80.65 | 2.48 |
| Bank of America Corp | 0 | 1,260 | 1.11 | 0.03 | 1,260 | 1.06 | 0.03 |
| Banks Total | 0 | 2,004,276 | 243.59 | 7.15 | 2,004,276 | 242.48 | 7.45 |
| SA Bond BNDS | 0 | 0 | 0.05 | 0.00 | 0 | 0.06 | 0.00 |
| Bond Total | 0 | 0 | 0.05 | 0.00 | 0 | 0.06 | 0.00 |
| Cash on call | 0 | 0 | 112.20 | 3.29 | 0 | 13.23 | 0.41 |
| Cash on call Total | 0 | 0 | 112.20 | 3.29 | 0 | 13.23 | 0.41 |
| Omnia Holdings Ltd. | 0 | 584,612 | 41.85 | 1.23 | 584,612 | 46.46 | 1.43 |
| Sasol Ltd. | 0 | 214,896 | 23.09 | 0.68 | 214,896 | 17.26 | 0.53 |
| Chemicals Total | 0 | 799,508 | 64.94 | 1.91 | 799,508 | 63.72 | 1.96 |
| Consolidated Infrastructure Group Ltd. | 0 | 4,798,384 | 0.34 | 0.01 | 4,798,384 | 0.34 | 0.01 |
| Construction and Materials Total | 0 | 4,798,384 | 0.34 | 0.01 | 4,798,384 | 0.34 | 0.01 |
| Stadio Holdings Ltd. | 0 | 736,630 | 7.73 | 0.23 | 736,630 | 6.45 | 0.20 |
| Alibaba Group Holdings Limited | 0 | 1,188 | 3.66 | 0.11 | 1,188 | 2.45 | 0.08 |
| Consumer Services Total | 0 | 737,818 | 11.39 | 0.33 | 737,818 | 8.90 | 0.27 |
| Alphabet Inc C | 0 | 480 | 2.00 | 0.06 | 480 | 1.52 | 0.05 |
| American Airlines Group | 0 | 1,845 | 0.35 | 0.01 | 1,845 | 0.37 | 0.01 |
| Baidu.Com, Inc. | 0 | 1,065 | 2.42 | 0.07 | 1,065 | 1.63 | 0.05 |
| Delta Air Lines Incorporated | 0 | 1,542 | 1.48 | 0.04 | 1,542 | 1.36 | 0.04 |
| JDcom | 0 | 2,374 | 1.43 | 0.04 | 2,374 | 1.40 | 0.04 |
| Moncler SPA | 0 | 1,741 | 1.76 | 0.05 | 1,741 | 1.75 | 0.05 |
| Royal Caribbean Cruises Limited | 0 | 496 | 2.76 | 0.08 | 496 | 2.74 | 0.08 |
| Tencent Holdings Ltd | 0 | 2,982 | 1.20 | 0.04 | 2,982 | 1.01 | 0.03 |
| United Airlines Holdings Inc | 0 | 747 | 1.23 | 0.04 | 747 | 1.05 | 0.03 |
| Cyclical Goods & Services Total | 0 | 13,272 | 14.62 | 0.43 | 13,272 | 12.83 | 0.39 |
| Invesco QQQ Trust Series ETF | 0 | 2,615 | 26.96 | 0.79 | 2,615 | 25.50 | 0.78 |
| LVMH Moet Hennessy | 0 | 85 | 0.90 | 0.03 | 85 | 0.79 | 0.02 |
| Stonehage Fleming Global Best Ideas Equity Fund | 0 | 4,558 | 23.97 | 0.70 | 4,558 | 23.82 | 0.73 |
| Equities Total | 0 | 7,258 | 51.83 | 1.52 | 7,258 | 50.12 | 1.54 |
| 10X Income Actively Managed ETF | 0 | 46,795 | 0.50 | 0.01 | 46,795 | 0.50 | 0.02 |
| 10X SA Property Income | 0 | 51,275 | 0.72 | 0.02 | 51,275 | 0.72 | 0.02 |
| 1NVEST MSCI EM Asia Index Feeder ETF | -354,754 | 10,010 | 0.39 | 0.01 | 364,764 | 0.36 | 0.01 |
| AMC - SBSA Anchor Equity Opportunity Reference Portfolio | 0 | 0 | 2.53 | 0.07 | 0 | 0.00 | 0.00 |
| Coronation Global Strategic USD Inc Prescient Feeder AMETF | 24,150 | 24,150 | 0.24 | 0.01 | 0 | 0.00 | 0.00 |
| Exchange Traded Funds | -14,697 | 0 | 0.00 | 0.00 | 14,697 | 0.32 | 0.01 |
| Exchange Traded Funds | -15,500 | 0 | 0.00 | 0.00 | 15,500 | 0.31 | 0.01 |
| Exchange Traded Funds | -16,740 | 0 | 0.00 | 0.00 | 16,740 | 0.27 | 0.01 |
| Exchange Traded Funds | -4,635 | 0 | 0.00 | 0.00 | 4,635 | 0.29 | 0.01 |
| Exchange Traded Funds | -3,625 | 0 | 0.00 | 0.00 | 3,625 | 0.32 | 0.01 |
| Exchange Traded Funds | -19,685 | 0 | 0.00 | 0.00 | 19,685 | 0.36 | 0.01 |
| NewGold | 0 | 925 | 0.57 | 0.02 | 925 | 0.50 | 0.02 |
| Satrix MSCI India Feeder ETF | 3,625 | 3,625 | 0.29 | 0.01 | 0 | 0.00 | 0.00 |
| Satrix Quality South Africa ETF | -1 | 65,593 | 0.72 | 0.02 | 65,594 | 0.64 | 0.02 |
| Sygnia Itrix FANG.AI Actively Managed ETF | 19,685 | 19,685 | 0.37 | 0.01 | 0 | 0.00 | 0.00 |
| Sygnia Itrix MSCI Japan ETF | 14,697 | 14,697 | 0.33 | 0.01 | 0 | 0.00 | 0.00 |
| Exchange Traded Funds Total | -367,480 | 236,755 | 6.66 | 0.20 | 604,235 | 4.60 | 0.15 |
| ETN - Absa Bank NewWave Pound Sterling | 16,842 | 16,842 | 0.39 | 0.01 | 0 | 0.00 | 0.00 |
| Exchange Traded Notes | -16,842 | 0 | 0.00 | 0.00 | 16,842 | 0.42 | 0.01 |
| Exchange Traded Notes Total | 0 | 16,842 | 0.39 | 0.01 | 16,842 | 0.42 | 0.01 |
| Nutun Ltd. | 0 | 3,525,000 | 3.53 | 0.10 | 3,525,000 | 4.94 | 0.15 |
| Finance and Credit Services Total | 0 | 3,525,000 | 3.53 | 0.10 | 3,525,000 | 4.94 | 0.15 |
| Citigroup | 0 | 2,352 | 4.06 | 0.12 | 2,352 | 3.53 | 0.11 |
| Sberbank of Russia | 0 | 15,848 | 0.00 | 0.00 | 15,848 | 0.00 | 0.00 |
| Synchrony Financial | 0 | 1,188 | 1.43 | 0.04 | 1,188 | 1.40 | 0.04 |
| TCS Group Holding PLC | 0 | 1,033 | 0.06 | 0.00 | 1,033 | 0.06 | 0.00 |
| Wells Fargo & Company | 0 | 2,320 | 3.32 | 0.10 | 2,320 | 3.28 | 0.10 |
| Financial Services Total | 0 | 22,741 | 8.87 | 0.26 | 22,741 | 8.26 | 0.25 |
| European - Currency | 0 | 0 | 1.98 | 0.06 | 0 | 2.03 | 0.06 |
| Foreign - Currency | 0 | 0 | 0.16 | 0.00 | 0 | 0.18 | 0.01 |
| United Kingdom - Currency | 0 | 0 | 0.00 | 0.00 | 0 | 0.00 | 0.00 |
| USA - Currency | 0 | 0 | 2.21 | 0.06 | 0 | 2.12 | 0.07 |
| For Currency Total | 0 | 0 | 4.35 | 0.13 | 0 | 4.33 | 0.13 |
| Foreign - Equities | 0 | 0 | 29.99 | 0.88 | 0 | 26.33 | 0.81 |
| Foreign - Unit Trusts | 0 | 0 | 248.59 | 7.30 | 0 | 252.14 | 7.75 |
| Foreign Invest Total | 0 | 0 | 278.58 | 8.18 | 0 | 278.46 | 8.56 |
| 10X S&P Global Dividend Aristocrats ETF | 15,500 | 15,500 | 0.31 | 0.01 | 0 | 0.00 | 0.00 |
| Anchor BCI Equity - B | 325,374 | 28,222,505 | 86.13 | 2.53 | 27,897,131 | 77.46 | 2.38 |
| Equity | 2,000 | 2,000 | 1.13 | 0.03 | 0 | 3.95 | 0.12 |
| General Equity Total | 342,874 | 28,240,005 | 87.57 | 2.57 | 27,897,131 | 81.42 | 2.50 |
| The Bidvest Group Ltd. | 0 | 675,578 | 143.10 | 4.20 | 675,578 | 158.83 | 4.88 |
| General Industrials Total | 0 | 675,578 | 143.10 | 4.20 | 675,578 | 158.83 | 4.88 |
| ASML Holding NV | 0 | 103 | 1.73 | 0.05 | 103 | 1.46 | 0.04 |
| Carnival Corporation | 0 | 3,280 | 1.63 | 0.05 | 3,280 | 1.59 | 0.05 |
| GE Vernova Inc | 0 | 275 | 2.89 | 0.08 | 275 | 2.54 | 0.08 |
| General Electric Company | -1,100 | 0 | 0.00 | 0.00 | 1,100 | 4.98 | 0.15 |
| Norwegian Cruise Line Holdings | 0 | 1,608 | 0.68 | 0.02 | 1,608 | 0.58 | 0.02 |
| Goods & Services Total | -1,100 | 5,266 | 6.93 | 0.20 | 6,366 | 11.14 | 0.34 |
| Life Healthcare Group Holdings Ltd. | 0 | 4,616,836 | 53.51 | 1.57 | 4,616,836 | 65.84 | 2.02 |
| Netcare Ltd. | 0 | 1,203,993 | 17.10 | 0.50 | 1,203,993 | 16.82 | 0.52 |
| Health Care Providers Total | 0 | 5,820,829 | 70.61 | 2.07 | 5,820,829 | 82.66 | 2.54 |
| GE Healthcare Technologies Inc | 0 | 366 | 0.47 | 0.01 | 366 | 0.48 | 0.01 |
| GlaxoSmithKline plc - London | 0 | 1,108 | 0.82 | 0.02 | 1,108 | 0.77 | 0.02 |
| Haleon Plc | 0 | 1,386 | 0.21 | 0.01 | 1,386 | 0.26 | 0.01 |
| NMC Health | 0 | 1,387 | 0.00 | 0.00 | 1,387 | 0.00 | 0.00 |
| Healthcare Total | 0 | 4,247 | 1.50 | 0.04 | 4,247 | 1.51 | 0.05 |
| Anchor BCI Core Income - A | 1,529,815 | 73,388,924 | 76.35 | 2.24 | 71,859,109 | 74.60 | 2.29 |
| Income Total | 1,529,815 | 73,388,924 | 76.35 | 2.24 | 71,859,109 | 74.60 | 2.29 |
| Afrimat Ltd. | 0 | 12,736 | 0.48 | 0.01 | 12,736 | 0.57 | 0.02 |
| Anglo American plc | 0 | 8,529 | 5.51 | 0.16 | 8,529 | 4.44 | 0.14 |
| Union Atlantic Minerals Ltd. | 0 | 1,816,763 | 0.07 | 0.00 | 1,816,763 | 0.07 | 0.00 |
| Industrial Metals and Mining Total | 0 | 1,838,028 | 6.07 | 0.18 | 1,838,028 | 5.08 | 0.16 |
| Grindrod Ltd. | 0 | 2,100,000 | 31.56 | 0.93 | 2,100,000 | 26.42 | 0.81 |
| Industrial Transportation Total | 0 | 2,100,000 | 31.56 | 0.93 | 2,100,000 | 26.42 | 0.81 |
| Satrix Global Infrastructure Feeder ETF | 4,635 | 4,635 | 0.29 | 0.01 | 0 | 0.00 | 0.00 |
| International Total | 4,635 | 4,635 | 0.29 | 0.01 | 0 | 0.00 | 0.00 |
| Ninety One Ltd. | 0 | 229,503 | 10.44 | 0.31 | 229,503 | 10.02 | 0.31 |
| Sabvest Capital Ltd. | 0 | 1,322,584 | 156.05 | 4.58 | 1,322,584 | 131.61 | 4.04 |
| Universal Partners Ltd. | 0 | 996,088 | 17.83 | 0.52 | 996,088 | 20.92 | 0.64 |
| Investment Banking and Brokerage Services Total | 0 | 2,548,175 | 184.32 | 5.41 | 2,548,175 | 162.55 | 4.99 |
| Discovery Ltd. | 0 | 825,297 | 162.58 | 4.77 | 825,297 | 177.75 | 5.46 |
| Old Mutual Ltd. | 0 | 160,640 | 2.14 | 0.06 | 160,640 | 1.93 | 0.06 |
| Life Insurance Total | 0 | 985,937 | 164.73 | 4.84 | 985,937 | 179.68 | 5.52 |
| Walt Disney Company | 0 | 1,108 | 2.17 | 0.06 | 1,108 | 2.42 | 0.07 |
| Media Total | 0 | 1,108 | 2.17 | 0.06 | 1,108 | 2.42 | 0.07 |
| Santam Ltd. | 0 | 130,562 | 49.34 | 1.45 | 130,562 | 55.61 | 1.71 |
| Non-life Insurance Total | 0 | 130,562 | 49.34 | 1.45 | 130,562 | 55.61 | 1.71 |
| CoreShares Total World Stock Feeder ETF | 16,740 | 16,740 | 0.28 | 0.01 | 0 | 0.00 | 0.00 |
| Offshore Intern Total | 16,740 | 16,740 | 0.28 | 0.01 | 0 | 0.00 | 0.00 |
| Brimstone Investment Corporation Ltd. | 0 | 6,923,970 | 31.23 | 0.92 | 6,923,970 | 29.29 | 0.90 |
| Open End and Miscellaneous Investment Vehicles Total | 0 | 6,923,970 | 31.23 | 0.92 | 6,923,970 | 29.29 | 0.90 |
| Bid Corporation Ltd. | 0 | 682,654 | 295.08 | 8.66 | 682,654 | 322.35 | 9.90 |
| Boxer Retail Ltd. | 0 | 55,556 | 3.84 | 0.11 | 55,556 | 3.82 | 0.12 |
| Personal Care, Drug and Grocery Stores Total | 0 | 738,210 | 298.92 | 8.78 | 738,210 | 326.17 | 10.02 |
| Aspen Pharmacare Holdings Ltd. | 0 | 392,000 | 37.98 | 1.11 | 392,000 | 46.87 | 1.44 |
| Pharmaceuticals and Biotechnology Total | 0 | 392,000 | 37.98 | 1.11 | 392,000 | 46.87 | 1.44 |
| Sibanye Stillwater Ltd. | 0 | 199,420 | 9.83 | 0.29 | 199,420 | 6.44 | 0.20 |
| Valterra Platinum Ltd. | 0 | 991 | 1.22 | 0.04 | 991 | 0.78 | 0.02 |
| Precious Metals and Mining Total | 0 | 200,411 | 11.05 | 0.32 | 200,411 | 7.23 | 0.22 |
| Hyprop Investments Ltd. | 0 | 94,118 | 4.40 | 0.13 | 94,118 | 3.98 | 0.12 |
| Redefine Properties Ltd. | 0 | 35,523,342 | 176.55 | 5.18 | 35,523,342 | 161.28 | 4.96 |
| Real Estate Investment Trusts Total | 0 | 35,617,460 | 180.95 | 5.31 | 35,617,460 | 165.26 | 5.08 |
| Pepkor Holdings Ltd. | 0 | 504,560 | 12.27 | 0.36 | 504,560 | 13.76 | 0.42 |
| Retailers Total | 0 | 504,560 | 12.27 | 0.36 | 504,560 | 13.76 | 0.42 |
| Araxi Ltd. | 0 | 901,646 | 1.66 | 0.05 | 901,646 | 1.61 | 0.05 |
| Naspers Ltd. | 0 | 42,811 | 267.77 | 7.86 | 42,811 | 237.27 | 7.29 |
| Prosus NV | 0 | 631,242 | 764.25 | 22.44 | 631,242 | 625.14 | 19.21 |
| Software and Computer Services Total | 0 | 1,575,699 | 1,033.68 | 30.35 | 1,575,699 | 864.02 | 26.55 |
| Amazon.Com | 0 | 1,140 | 4.30 | 0.13 | 1,140 | 4.53 | 0.14 |
| Fortinet Inc | 0 | 1,200 | 1.74 | 0.05 | 1,200 | 2.20 | 0.07 |
| Garmin Ltd | 0 | 711 | 2.99 | 0.09 | 711 | 2.63 | 0.08 |
| Ginkgo Bioworks Holdings Inc | 0 | 350 | 0.08 | 0.00 | 350 | 0.06 | 0.00 |
| Intel Corporation | 0 | 1,213 | 0.70 | 0.02 | 1,213 | 0.49 | 0.02 |
| Meta Platforms Inc | 0 | 791 | 10.01 | 0.29 | 791 | 10.32 | 0.32 |
| Nvidia Corporation | 0 | 3,000 | 9.62 | 0.28 | 3,000 | 8.41 | 0.26 |
| Spotify Technology | 0 | 699 | 8.27 | 0.24 | 699 | 9.60 | 0.30 |
| Technology Total | 0 | 9,104 | 37.72 | 1.11 | 9,104 | 38.24 | 1.17 |
| Blu Label Unlimited Group Ltd. | 0 | 10,000,000 | 119.90 | 3.52 | 10,000,000 | 143.00 | 4.39 |
| MTN Group Ltd. | -501,000 | 11,300 | 1.64 | 0.05 | 512,300 | 72.36 | 2.22 |
| MultiChoice Group Ltd. | 0 | 118,918 | 14.89 | 0.44 | 118,918 | 13.97 | 0.43 |
| Telecommunications Service Providers Total | -501,000 | 10,130,218 | 136.43 | 4.01 | 10,631,218 | 229.33 | 7.05 |
| Portfolio Total | 1,024,484 | 184,013,520 | 3,406.38 | 100.00 | 182,989,036 | 3,254.75 | 100.00 |