| | | |
| Security | Change | # Units | Value (Rm) | % Fund | # Units | Value (Rm) | % Fund |
| Absa Group Ltd. | -3,016 | 34,876 | 8.35 | 0.82 | 37,892 | 6.86 | 0.70 |
| Capitec Bank Holdings Ltd. | 428 | 2,273 | 9.45 | 0.93 | 1,845 | 6.40 | 0.66 |
| FirstRand Ltd. | 13,079 | 287,662 | 26.11 | 2.58 | 274,583 | 21.37 | 2.20 |
| Investec Ltd. | 3,983 | 20,150 | 2.46 | 0.24 | 16,167 | 2.07 | 0.21 |
| Investec plc | 0 | 1,714 | 0.21 | 0.02 | 1,714 | 0.22 | 0.02 |
| Nedbank Group Ltd. | -10,524 | 9,570 | 2.55 | 0.25 | 20,094 | 4.30 | 0.44 |
| Standard Bank Group Ltd. | 4,097 | 68,473 | 19.88 | 1.96 | 64,376 | 15.21 | 1.56 |
| Banks Total | 8,047 | 424,718 | 69.00 | 6.81 | 416,671 | 56.43 | 5.80 |
| Teck Resources Limited | -1,414 | 0 | 0.00 | 0.00 | 1,414 | 1.08 | 0.11 |
| Basic Resources Total | -1,414 | 0 | 0.00 | 0.00 | 1,414 | 1.08 | 0.11 |
| Anheuser-Busch InBev SA/NV | 266 | 3,214 | 3.44 | 0.34 | 2,948 | 3.04 | 0.31 |
| Beverages Total | 266 | 3,214 | 3.44 | 0.34 | 2,948 | 3.04 | 0.31 |
| SA Bond AGT05 | 0 | 1,200,000 | 1.25 | 0.12 | 1,200,000 | 1.25 | 0.13 |
| SA Bond AGT08 | 0 | 3,000,000 | 3.06 | 0.30 | 3,000,000 | 3.03 | 0.31 |
| SA Bond R2030 | 0 | 13,000,000 | 13.73 | 1.36 | 13,000,000 | 13.22 | 1.36 |
| SA Bond R2032 | -1,500,000 | 0 | 0.00 | 0.00 | 1,500,000 | 1.48 | 0.15 |
| SA Bond R2035 | 0 | 1,900,000 | 2.04 | 0.20 | 1,900,000 | 1.88 | 0.19 |
| SA Bond R2037 | 0 | 600,000 | 0.62 | 0.06 | 600,000 | 0.56 | 0.06 |
| SA Bond R209 | 1,500,000 | 1,500,000 | 1.31 | 0.13 | 0 | 0.00 | 0.00 |
| SA Bond SBT107 | 0 | 2,100,000 | 2.20 | 0.22 | 2,100,000 | 2.20 | 0.23 |
| SA Bond SBT109 | 0 | 600,000 | 0.62 | 0.06 | 600,000 | 0.62 | 0.06 |
| Bond Total | 0 | 23,900,000 | 24.83 | 2.45 | 23,900,000 | 24.25 | 2.49 |
| Ishares 20+ USD Treasury Bond ETF | 0 | 11,704 | 17.01 | 1.68 | 11,704 | 18.13 | 1.86 |
| Bonds Total | 0 | 11,704 | 17.01 | 1.68 | 11,704 | 18.13 | 1.86 |
| Cash on call | 0 | 0 | 25.76 | 2.54 | 0 | 40.53 | 4.17 |
| Margin Account | 0 | 0 | 1.01 | 0.10 | 0 | 1.09 | 0.11 |
| Cash on call Total | 0 | 0 | 26.77 | 2.64 | 0 | 41.62 | 4.28 |
| AECI Ltd. | -13,247 | 0 | 0.00 | 0.00 | 13,247 | 1.29 | 0.13 |
| Sasol Ltd. | -1,810 | 30,817 | 3.27 | 0.32 | 32,627 | 3.50 | 0.36 |
| Chemicals Total | -15,057 | 30,817 | 3.27 | 0.32 | 45,874 | 4.79 | 0.49 |
| Stadio Holdings Ltd. | -26,320 | 0 | 0.00 | 0.00 | 26,320 | 0.28 | 0.03 |
| Consumer Services Total | -26,320 | 0 | 0.00 | 0.00 | 26,320 | 0.28 | 0.03 |
| Accenture Ltd | 84 | 798 | 3.56 | 0.35 | 714 | 3.05 | 0.31 |
| Alphabet Inc A | -165 | 0 | 0.00 | 0.00 | 165 | 0.70 | 0.07 |
| Alphabet Inc C | 18 | 1,270 | 6.61 | 0.65 | 1,252 | 5.29 | 0.54 |
| Bureau Veritas SA | 0 | 6,690 | 3.53 | 0.35 | 6,690 | 3.60 | 0.37 |
| Tencent Holdings Ltd | 4,503 | 4,503 | 5.73 | 0.57 | 0 | 0.00 | 0.00 |
| Cyclical Goods & Services Total | 4,440 | 13,261 | 19.43 | 1.92 | 8,821 | 12.63 | 1.30 |
| Reunert Ltd. | 0 | 4,393 | 0.27 | 0.03 | 4,393 | 0.24 | 0.02 |
| Electronic and Electrical Equipment Total | 0 | 4,393 | 0.27 | 0.03 | 4,393 | 0.24 | 0.02 |
| Aker Kvaerner | -5,044 | 0 | 0.00 | 0.00 | 5,044 | 2.21 | 0.23 |
| KraneShares CSI China Internet ETF | 0 | 25,996 | 14.79 | 1.46 | 25,996 | 18.85 | 1.94 |
| Vanguard S&P 500 ETF | 0 | 172 | 1.80 | 0.18 | 172 | 1.82 | 0.19 |
| Equities Total | -5,044 | 26,168 | 16.58 | 1.64 | 31,212 | 22.88 | 2.35 |
| 1nvestRhodium ETF | 708 | 708 | 0.99 | 0.10 | 0 | 0.00 | 0.00 |
| NewGold | -3,372 | 2,768 | 1.84 | 0.18 | 6,140 | 3.75 | 0.39 |
| Exchange Traded Funds Total | -2,664 | 3,476 | 2.83 | 0.28 | 6,140 | 3.75 | 0.39 |
| S&P Global Inc | 368 | 368 | 3.21 | 0.32 | 0 | 0.00 | 0.00 |
| Financials Total | 368 | 368 | 3.21 | 0.32 | 0 | 0.00 | 0.00 |
| Centaur BCI Flexible - C | 0 | 10,525,993 | 141.64 | 13.98 | 10,525,993 | 133.65 | 13.74 |
| PSG Flexible - E | 0 | 7,099,466 | 74.44 | 7.35 | 7,099,466 | 69.63 | 7.16 |
| Flexible Total | 0 | 17,625,459 | 216.08 | 21.33 | 17,625,459 | 203.28 | 20.90 |
| Heineken Holding NV | -1,772 | 0 | 0.00 | 0.00 | 1,772 | 2.39 | 0.25 |
| Food & Beverage Total | -1,772 | 0 | 0.00 | 0.00 | 1,772 | 2.39 | 0.25 |
| Astral Foods Ltd. | 0 | 5,609 | 1.50 | 0.15 | 5,609 | 1.16 | 0.12 |
| AVI Ltd. | 2,192 | 48,348 | 5.10 | 0.50 | 46,156 | 4.55 | 0.47 |
| Premier Group Ltd. | 0 | 23,437 | 3.93 | 0.39 | 23,437 | 3.59 | 0.37 |
| RFG Holdings Ltd. | 100,622 | 106,560 | 2.47 | 0.24 | 5,938 | 0.10 | 0.01 |
| Tiger Brands Ltd. | 890 | 890 | 0.33 | 0.03 | 0 | 0.00 | 0.00 |
| Food Producers Total | 103,704 | 184,844 | 13.32 | 1.31 | 81,140 | 9.39 | 0.97 |
| Australia - Currency | 0 | 0 | 0.02 | 0.00 | 0 | 0.02 | 0.00 |
| Denmark - Currency | 0 | 0 | 0.00 | 0.00 | 0 | 0.00 | 0.00 |
| European - Currency | 0 | 0 | 2.88 | 0.28 | 0 | 3.03 | 0.31 |
| Hong Kong - Currency | 0 | 0 | 2.07 | 0.20 | 0 | 0.00 | 0.00 |
| Norway - Cash | 0 | 0 | 0.00 | 0.00 | 0 | 0.00 | 0.00 |
| Sweden - Currency | 0 | 0 | 0.00 | 0.00 | 0 | 0.00 | 0.00 |
| Switzerland - Currency | 0 | 0 | 0.05 | 0.01 | 0 | 0.05 | 0.01 |
| United Kingdom - Currency | 0 | 0 | 0.12 | 0.01 | 0 | 0.12 | 0.01 |
| USA - Currency | 0 | 0 | 15.39 | 1.52 | 0 | 16.07 | 1.65 |
| For Currency Total | 0 | 0 | 20.54 | 2.03 | 0 | 19.30 | 1.98 |
| Foreign - Equities | 5,914 | 5,914 | 6.08 | 0.60 | 0 | 0.00 | 0.00 |
| Foreign - Unit Trust - Bonds | 7,404 | 7,404 | 12.25 | 1.21 | 0 | 0.00 | 0.00 |
| Foreign Invest Total | 13,318 | 13,318 | 18.33 | 1.81 | 0 | 0.00 | 0.00 |
| Granate BCI Flexible - B | 0 | 478,952 | 10.79 | 1.07 | 478,952 | 10.00 | 1.03 |
| Rezco Equity - C | 471,607 | 471,607 | 10.46 | 1.03 | 0 | 0.00 | 0.00 |
| General Equity Total | 471,607 | 950,559 | 21.25 | 2.10 | 478,952 | 10.00 | 1.03 |
| Mondi plc | -3,600 | 10,773 | 2.19 | 0.22 | 14,373 | 3.39 | 0.35 |
| Mpact Ltd. | 0 | 91,013 | 2.05 | 0.20 | 91,013 | 2.28 | 0.23 |
| The Bidvest Group Ltd. | -120 | 47,605 | 11.31 | 1.12 | 47,725 | 10.07 | 1.03 |
| General Industrials Total | -3,720 | 149,391 | 15.55 | 1.53 | 153,111 | 15.74 | 1.62 |
| Airbus Group NV | -658 | 0 | 0.00 | 0.00 | 658 | 2.62 | 0.27 |
| Honeywell International | 142 | 1,490 | 4.84 | 0.48 | 1,348 | 4.88 | 0.50 |
| Vinci SA | 0 | 1,852 | 4.31 | 0.43 | 1,852 | 4.41 | 0.45 |
| Goods & Services Total | -516 | 3,342 | 9.15 | 0.90 | 3,858 | 11.90 | 1.22 |
| Life Healthcare Group Holdings Ltd. | 12,571 | 133,604 | 1.52 | 0.15 | 121,033 | 1.41 | 0.14 |
| Netcare Ltd. | 21,421 | 307,532 | 4.87 | 0.48 | 286,111 | 4.09 | 0.42 |
| Health Care Providers Total | 33,992 | 441,136 | 6.39 | 0.63 | 407,144 | 5.50 | 0.57 |
| Amgen Incorporated | -502 | 0 | 0.00 | 0.00 | 502 | 2.38 | 0.24 |
| IQVIA Holdings | -800 | 0 | 0.00 | 0.00 | 800 | 2.50 | 0.26 |
| Healthcare Total | -1,302 | 0 | 0.00 | 0.00 | 1,302 | 4.88 | 0.50 |
| Matrix SCI Stable Income - B1 | 128,909 | 7,339,211 | 82.35 | 8.13 | 7,210,302 | 80.23 | 8.25 |
| Oakhaven BCI Core Income - A2 | 52,864 | 3,182,591 | 34.47 | 3.40 | 3,129,727 | 33.32 | 3.43 |
| Prescient Corporate Money Market - B2 | 6,477,106 | 6,477,106 | 6.48 | 0.64 | 0 | 0.00 | 0.00 |
| Prescient Corporate Money Market - B1 | -11,774,837 | 0 | 0.00 | 0.00 | 11,774,837 | 11.77 | 1.21 |
| Income Total | -5,115,958 | 16,998,908 | 123.30 | 12.17 | 22,114,866 | 125.33 | 12.88 |
| Sappi Ltd. | -2,707 | 7,958 | 0.20 | 0.02 | 10,665 | 0.25 | 0.03 |
| Industrial Materials Total | -2,707 | 7,958 | 0.20 | 0.02 | 10,665 | 0.25 | 0.03 |
| African Rainbow Minerals Ltd. | -4,435 | 29,343 | 5.84 | 0.58 | 33,778 | 6.26 | 0.64 |
| Afrimat Ltd. | -2,797 | 2,638 | 0.11 | 0.01 | 5,435 | 0.21 | 0.02 |
| Anglo American plc | -3,204 | 7,145 | 4.90 | 0.48 | 10,349 | 6.68 | 0.69 |
| BHP Group Ltd. | -1,210 | 2,206 | 1.12 | 0.11 | 3,416 | 1.63 | 0.17 |
| Glencore plc | 11,207 | 133,909 | 12.21 | 1.20 | 122,702 | 9.82 | 1.01 |
| Kumba Iron Ore Ltd. | -1,295 | 713 | 0.25 | 0.02 | 2,008 | 0.66 | 0.07 |
| South32 Ltd. | 0 | 7,787 | 0.31 | 0.03 | 7,787 | 0.25 | 0.03 |
| Industrial Metals and Mining Total | -1,734 | 183,741 | 24.72 | 2.44 | 185,475 | 25.50 | 2.62 |
| Hudaco Industries Ltd. | 0 | 4,931 | 1.01 | 0.10 | 4,931 | 0.86 | 0.09 |
| Industrial Support Services Total | 0 | 4,931 | 1.01 | 0.10 | 4,931 | 0.86 | 0.09 |
| Salvo BCI Global Managed Feeder - B | 0 | 16,827,629 | 25.01 | 2.47 | 16,827,629 | 25.63 | 2.63 |
| Salvo BCI Global Managed Feeder - A1 | 0 | 26,510,483 | 39.32 | 3.88 | 26,510,483 | 40.29 | 4.14 |
| International Total | 0 | 43,338,112 | 64.33 | 6.35 | 43,338,112 | 65.92 | 6.78 |
| Ninety One Ltd. | -8,553 | 29,762 | 1.42 | 0.14 | 38,315 | 1.74 | 0.18 |
| Quilter plc | -4,115 | 7,766 | 0.31 | 0.03 | 11,881 | 0.46 | 0.05 |
| Reinet Investments SCA | -4,086 | 24,247 | 14.06 | 1.39 | 28,333 | 14.32 | 1.47 |
| Remgro Ltd. | -9,122 | 72,000 | 13.08 | 1.29 | 81,122 | 13.70 | 1.41 |
| Investment Banking and Brokerage Services Total | -25,876 | 133,775 | 28.88 | 2.85 | 159,651 | 30.22 | 3.11 |
| Discovery Ltd. | 0 | 4,361 | 0.99 | 0.10 | 4,361 | 0.86 | 0.09 |
| Momentum Group Ltd. | 3,761 | 65,123 | 2.49 | 0.25 | 61,362 | 2.02 | 0.21 |
| Old Mutual Ltd. | -41,155 | 284,048 | 4.23 | 0.42 | 325,203 | 4.33 | 0.44 |
| Sanlam Ltd. | 4,368 | 74,864 | 7.37 | 0.73 | 70,496 | 5.85 | 0.60 |
| Life Insurance Total | -33,026 | 428,396 | 15.09 | 1.49 | 461,422 | 13.06 | 1.34 |
| Universal Music Group | 3,640 | 10,791 | 4.65 | 0.46 | 7,151 | 3.55 | 0.37 |
| eMedia Holdings Ltd. | -2,525 | 31,513 | 0.07 | 0.01 | 34,038 | 0.06 | 0.01 |
| Media Total | 1,115 | 42,304 | 4.71 | 0.47 | 41,189 | 3.61 | 0.37 |
| OUTsurance Group Ltd. | 41,782 | 46,831 | 3.36 | 0.33 | 5,049 | 0.36 | 0.04 |
| Non-life Insurance Total | 41,782 | 46,831 | 3.36 | 0.33 | 5,049 | 0.36 | 0.04 |
| Exxaro Resources Ltd. | 0 | 4,159 | 0.74 | 0.07 | 4,159 | 0.74 | 0.08 |
| Oil, Gas and Coal Total | 0 | 4,159 | 0.74 | 0.07 | 4,159 | 0.74 | 0.08 |
| Bid Corporation Ltd. | 5,564 | 41,968 | 17.71 | 1.75 | 36,404 | 15.73 | 1.62 |
| Boxer Retail Ltd. | 0 | 6,950 | 0.50 | 0.05 | 6,950 | 0.48 | 0.05 |
| Clicks Group Ltd. | 264 | 2,861 | 0.96 | 0.10 | 2,597 | 0.92 | 0.09 |
| Pick n Pay Stores Ltd. | 19,376 | 45,814 | 1.14 | 0.11 | 26,438 | 0.66 | 0.07 |
| Shoprite Holdings Ltd. | 5,191 | 48,108 | 13.00 | 1.28 | 42,917 | 11.76 | 1.21 |
| Personal Care, Drug and Grocery Stores Total | 30,395 | 145,701 | 33.30 | 3.29 | 115,306 | 29.55 | 3.04 |
| Compagnie Financière Richemont SA | 35 | 962 | 3.49 | 0.34 | 927 | 3.03 | 0.31 |
| Personal Goods Total | 35 | 962 | 3.49 | 0.34 | 927 | 3.03 | 0.31 |
| Adcock Ingram Holdings Ltd. | -38,645 | 0 | 0.00 | 0.00 | 38,645 | 2.78 | 0.29 |
| Aspen Pharmacare Holdings Ltd. | 1,047 | 18,988 | 2.22 | 0.22 | 17,941 | 1.72 | 0.18 |
| Pharmaceuticals and Biotechnology Total | -37,598 | 18,988 | 2.22 | 0.22 | 56,586 | 4.50 | 0.46 |
| AngloGold Ashanti plc | -197 | 8,414 | 12.06 | 1.19 | 8,611 | 10.24 | 1.05 |
| Gold Fields Ltd. | -823 | 21,693 | 15.74 | 1.55 | 22,516 | 16.15 | 1.66 |
| Harmony Gold Mining Company Ltd. | 3,688 | 19,805 | 6.68 | 0.66 | 16,117 | 4.95 | 0.51 |
| Impala Platinum Holdings Ltd. | 24,420 | 35,772 | 9.37 | 0.93 | 11,352 | 2.47 | 0.25 |
| Northam Platinum Holdings Ltd. | -2,689 | 4,868 | 1.64 | 0.16 | 7,557 | 2.11 | 0.22 |
| Pan African Resources plc | 9,029 | 9,029 | 0.24 | 0.02 | 0 | 0.00 | 0.00 |
| Sibanye Stillwater Ltd. | 4,428 | 88,669 | 5.36 | 0.53 | 84,241 | 4.14 | 0.43 |
| Valterra Platinum Ltd. | 2,227 | 14,767 | 20.81 | 2.05 | 12,540 | 15.15 | 1.56 |
| Precious Metals and Mining Total | 40,083 | 203,017 | 71.91 | 7.10 | 162,934 | 55.21 | 5.68 |
| Fortress Real Estate Investments Ltd. | 0 | 16,955 | 0.41 | 0.04 | 16,955 | 0.39 | 0.04 |
| Lighthouse Properties plc | 0 | 127,162 | 1.07 | 0.11 | 127,162 | 1.00 | 0.10 |
| MAS plc | -39,583 | 0 | 0.00 | 0.00 | 39,583 | 0.84 | 0.09 |
| NEPI Rockcastle NV | 114 | 7,941 | 1.16 | 0.11 | 7,827 | 1.08 | 0.11 |
| Real Estate Investment and Services Total | -39,469 | 152,058 | 2.64 | 0.26 | 191,527 | 3.31 | 0.34 |
| Dipula Properties Ltd. | -51,490 | 0 | 0.00 | 0.00 | 51,490 | 0.28 | 0.03 |
| Growthpoint Properties Ltd. | 26,709 | 111,870 | 1.92 | 0.19 | 85,161 | 1.26 | 0.13 |
| Redefine Properties Ltd. | -29,238 | 62,685 | 0.38 | 0.04 | 91,923 | 0.46 | 0.05 |
| Real Estate Investment Trusts Total | -54,019 | 174,555 | 2.30 | 0.23 | 228,574 | 2.00 | 0.21 |
| Visa Inc | 224 | 648 | 3.79 | 0.37 | 424 | 2.49 | 0.26 |
| Retail Total | 224 | 648 | 3.79 | 0.37 | 424 | 2.49 | 0.26 |
| Italtile Ltd. | 0 | 365,953 | 3.31 | 0.33 | 365,953 | 3.48 | 0.36 |
| Motus Holdings Ltd. | 2,507 | 6,454 | 0.79 | 0.08 | 3,947 | 0.41 | 0.04 |
| Mr Price Group Ltd. | 6,600 | 22,765 | 3.98 | 0.39 | 16,165 | 3.30 | 0.34 |
| Pepkor Holdings Ltd. | -3,747 | 132,379 | 3.50 | 0.35 | 136,126 | 3.33 | 0.34 |
| The Foschini Group Ltd. | -3,775 | 29,792 | 2.54 | 0.25 | 33,567 | 3.64 | 0.37 |
| Truworths International Ltd. | 1,878 | 13,056 | 0.74 | 0.07 | 11,178 | 0.61 | 0.06 |
| We Buy Cars Holdings Ltd. | 2,772 | 16,812 | 0.80 | 0.08 | 14,040 | 0.78 | 0.08 |
| Woolworths Holdings Ltd. | -808 | 34,323 | 1.92 | 0.19 | 35,131 | 1.76 | 0.18 |
| Retailers Total | 5,427 | 621,534 | 17.59 | 1.74 | 616,107 | 17.31 | 1.78 |
| Bytes Technology Group plc | -1,367 | 0 | 0.00 | 0.00 | 1,367 | 0.13 | 0.01 |
| Naspers Ltd. | 28,412 | 35,859 | 39.61 | 3.91 | 7,447 | 46.93 | 4.82 |
| Prosus NV | -9,529 | 24,076 | 24.64 | 2.43 | 33,605 | 41.16 | 4.23 |
| Software and Computer Services Total | 17,516 | 59,935 | 64.25 | 6.34 | 42,419 | 88.21 | 9.07 |
| Amazon.Com | 338 | 2,224 | 8.55 | 0.84 | 1,886 | 7.24 | 0.74 |
| Apple Computer Company | 0 | 144 | 0.65 | 0.06 | 144 | 0.63 | 0.07 |
| Meta Platforms Inc | 72 | 136 | 1.50 | 0.15 | 64 | 0.82 | 0.08 |
| Microsoft Corporation | 58 | 667 | 5.38 | 0.53 | 609 | 5.42 | 0.56 |
| Nvidia Corporation | 0 | 446 | 1.38 | 0.14 | 446 | 1.40 | 0.14 |
| Qualcomm AG | 740 | 740 | 2.13 | 0.21 | 0 | 0.00 | 0.00 |
| Taiwan Semiconductors | 590 | 590 | 2.93 | 0.29 | 0 | 0.00 | 0.00 |
| Technology Total | 1,798 | 4,947 | 22.52 | 2.22 | 3,149 | 15.52 | 1.59 |
| MTN Group Ltd. | -2,450 | 48,326 | 8.19 | 0.81 | 50,776 | 7.12 | 0.73 |
| Telkom SA SOC Ltd. | 2,933 | 26,818 | 1.58 | 0.16 | 23,885 | 1.22 | 0.13 |
| Vodacom Group Ltd. | 1,643 | 2,964 | 0.42 | 0.04 | 1,321 | 0.18 | 0.02 |
| Telecommunications Service Providers Total | 2,126 | 78,108 | 10.19 | 1.01 | 75,982 | 8.52 | 0.88 |
| British American Tobacco plc | -593 | 1,198 | 1.14 | 0.11 | 1,791 | 1.63 | 0.17 |
| Tobacco Total | -593 | 1,198 | 1.14 | 0.11 | 1,791 | 1.63 | 0.17 |
| Southern Sun Ltd. | 0 | 63,265 | 0.65 | 0.06 | 63,265 | 0.54 | 0.06 |
| Sun International Ltd. | 0 | 92,045 | 3.56 | 0.35 | 92,045 | 3.71 | 0.38 |
| Travel and Leisure Total | 0 | 155,310 | 4.21 | 0.42 | 155,310 | 4.25 | 0.44 |
| Portfolio Total | -4,592,546 | 106,592,244 | 1,013.13 | 100.00 | 111,184,790 | 972.86 | 100.00 |