| | | |
| Security | Change | # Units | Value (Rm) | % Fund | # Units | Value (Rm) | % Fund |
| Bayerische Motoren Werke AG | 0 | 65,000 | 98.86 | 1.34 | 65,000 | 111.64 | 1.75 |
| Brilliance China Automotive Holdings Limited | 0 | 6,600,000 | 44.04 | 0.60 | 6,600,000 | 126.23 | 1.98 |
| Auto Total | 0 | 6,665,000 | 142.90 | 1.93 | 6,665,000 | 237.87 | 3.73 |
| Absa Group Ltd. | 150,000 | 1,792,400 | 313.67 | 4.24 | 1,642,400 | 261.42 | 4.10 |
| FirstRand Ltd. | 50,000 | 2,191,600 | 182.41 | 2.47 | 2,141,600 | 162.78 | 2.55 |
| Sberbank | -1,636,000 | 0 | 15.01 | 0.20 | 1,636,000 | 0.00 | 0.00 |
| Banks Total | -1,436,000 | 3,984,000 | 511.09 | 6.91 | 5,420,000 | 424.20 | 6.65 |
| SA Bond R2030 | 0 | 146,333,976 | 143.38 | 1.94 | 146,333,976 | 139.17 | 2.18 |
| SA Bond R2032 | 0 | 150,029,481 | 140.77 | 1.90 | 150,029,481 | 134.28 | 2.10 |
| SA Bond R2035 | 60,600,000 | 353,700,000 | 330.30 | 4.46 | 293,100,000 | 257.44 | 4.04 |
| Bond Total | 60,600,000 | 650,063,457 | 614.46 | 8.30 | 589,463,457 | 530.90 | 8.32 |
| Fidelity Institutional Liquidity Fund (EUR) | -53 | 387 | 108.00 | 1.46 | 440 | 123.24 | 1.93 |
| Fidelity Institutional Liquidity Fund (GBP) | -84 | 0 | 0.00 | 0.00 | 84 | 44.24 | 0.69 |
| Fidelity Institutional Liquidity Fund (USD) | -1,249 | 84 | 44.87 | 0.61 | 1,333 | 483.09 | 7.57 |
| Fidelity USD Fund | 323 | 323 | 112.40 | 1.52 | 0 | 0.00 | 0.00 |
| Cash Total | -1,063 | 794 | 265.27 | 3.59 | 1,857 | 650.57 | 10.20 |
| Cash on call | 0 | 0 | 95.89 | 1.30 | 0 | 61.49 | 0.96 |
| Cash on call Total | 0 | 0 | 95.89 | 1.30 | 0 | 61.49 | 0.96 |
| Sasol Ltd. | 137,381 | 1,317,381 | 153.24 | 2.07 | 1,180,000 | 163.25 | 2.56 |
| Chemicals Total | 137,381 | 1,317,381 | 153.24 | 2.07 | 1,180,000 | 163.25 | 2.56 |
| PPC Ltd. | -303,358 | 35,669,434 | 140.18 | 1.89 | 35,972,792 | 118.35 | 1.85 |
| Wilson Bayly Holmes - Ovcon Ltd. | -127,400 | 810,000 | 187.52 | 2.53 | 937,400 | 151.48 | 2.37 |
| Construction and Materials Total | -430,758 | 36,479,434 | 327.70 | 4.43 | 36,910,192 | 269.83 | 4.23 |
| Trip.com Group Ltd | 155,000 | 155,000 | 163.58 | 2.21 | 0 | 0.00 | 0.00 |
| Consumer Services Total | 155,000 | 155,000 | 163.58 | 2.21 | 0 | 0.00 | 0.00 |
| Flutter Entertainment | 0 | 56,800 | 233.50 | 3.16 | 56,800 | 189.40 | 2.97 |
| Koninklijke Philips N.V. | 32,017 | 425,000 | 240.13 | 3.25 | 392,983 | 181.36 | 2.84 |
| Cyclical Goods & Services Total | 32,017 | 481,800 | 473.63 | 6.40 | 449,783 | 370.76 | 5.81 |
| Daqo New Energy Corp | 255,000 | 255,000 | 86.06 | 1.16 | 0 | 0.00 | 0.00 |
| Royal Dutch Shell Plc - A | 0 | 258,000 | 146.15 | 1.98 | 258,000 | 169.31 | 2.65 |
| Energy Total | 255,000 | 513,000 | 232.21 | 3.14 | 258,000 | 169.31 | 2.65 |
| EXOR S.p.A | 5,000 | 192,500 | 353.47 | 4.78 | 187,500 | 358.17 | 5.61 |
| Financial Services Total | 5,000 | 192,500 | 353.47 | 4.78 | 187,500 | 358.17 | 5.61 |
| European - Currency | 0 | 0 | 9.68 | 0.13 | 0 | 3.02 | 0.05 |
| Foreign - Currency | 0 | 0 | 0.00 | 0.00 | 0 | 7.40 | 0.12 |
| Hong Kong - Currency | 0 | 0 | 0.00 | 0.00 | 0 | 0.00 | 0.00 |
| United Kingdom - Currency | 0 | 0 | 0.04 | 0.00 | 0 | 0.04 | 0.00 |
| USA - Currency | 0 | 0 | 0.64 | 0.01 | 0 | 0.04 | 0.00 |
| For Currency Total | 0 | 0 | 10.35 | 0.14 | 0 | 10.49 | 0.16 |
| Foreign - Equities | 0 | 0 | 82.19 | 1.11 | 0 | 0.00 | 0.00 |
| Foreign Invest Total | 0 | 0 | 82.19 | 1.11 | 0 | 0.00 | 0.00 |
| Centaur BCI SA Equity - A1 | 58,061,635 | 58,061,635 | 72.34 | 0.98 | 0 | 0.00 | 0.00 |
| Equity | 0 | 0 | 0.05 | 0.00 | 0 | 0.00 | 0.00 |
| General Equity Total | 58,061,635 | 58,061,635 | 72.39 | 0.98 | 0 | 0.00 | 0.00 |
| m Cubed Holdings Ltd. | -4,758,570 | 0 | 0.00 | 0.00 | 4,758,570 | 0.05 | 0.00 |
| General Financial Total | -4,758,570 | 0 | 0.00 | 0.00 | 4,758,570 | 0.05 | 0.00 |
| Netcare Ltd. | 2,462,048 | 15,000,000 | 230.70 | 3.12 | 12,537,952 | 160.61 | 2.52 |
| Health Care Providers Total | 2,462,048 | 15,000,000 | 230.70 | 3.12 | 12,537,952 | 160.61 | 2.52 |
| Fairtree BCI Income Plus - F | 59,281,796 | 200,902,485 | 246.13 | 3.33 | 141,620,689 | 174.62 | 2.74 |
| Income Total | 59,281,796 | 200,902,485 | 246.13 | 3.33 | 141,620,689 | 174.62 | 2.74 |
| African Rainbow Minerals Ltd. | 15,000 | 1,318,200 | 246.67 | 3.33 | 1,303,200 | 297.64 | 4.67 |
| Anglo American plc | -90,000 | 90,000 | 50.58 | 0.68 | 180,000 | 104.06 | 1.63 |
| BHP Group Ltd. | 37,900 | 37,900 | 20.40 | 0.28 | 0 | 0.00 | 0.00 |
| Merafe Resources Ltd. | -363,508 | 24,149,492 | 36.71 | 0.50 | 24,513,000 | 35.54 | 0.56 |
| Industrial Metals and Mining Total | -400,608 | 25,595,592 | 354.36 | 4.79 | 25,996,200 | 437.25 | 6.85 |
| Remgro Ltd. | 15,000 | 1,115,000 | 175.77 | 2.38 | 1,100,000 | 151.76 | 2.38 |
| Investment Banking and Brokerage Services Total | 15,000 | 1,115,000 | 175.77 | 2.38 | 1,100,000 | 151.76 | 2.38 |
| Momentum Group Ltd. | 247,133 | 7,916,310 | 233.93 | 3.16 | 7,669,177 | 175.47 | 2.75 |
| Old Mutual Ltd. | 13,900,000 | 13,900,000 | 190.71 | 2.58 | 0 | 0.00 | 0.00 |
| Life Insurance Total | 14,147,133 | 21,816,310 | 424.63 | 5.74 | 7,669,177 | 175.47 | 2.75 |
| eMedia Holdings Ltd. | 0 | 3,766,214 | 11.86 | 0.16 | 3,766,214 | 12.81 | 0.20 |
| Media Total | 0 | 3,766,214 | 11.86 | 0.16 | 3,766,214 | 12.81 | 0.20 |
| 0 | 0 | 70.22 | 0.95 | 0 | 0.00 | 0.00 |
| Money Market - 2 months duration | 0 | 0 | 158.32 | 2.14 | 0 | 0.00 | 0.00 |
| Money Market - 5 months duration | 0 | 0 | 0.00 | 0.00 | 0 | 154.96 | 2.43 |
| Allan Gray Money Market - A | 24,118,598 | 57,012,685 | 57.55 | 0.78 | 32,894,087 | 33.06 | 0.52 |
| Coronation Money Market - P | 24,080,087 | 57,376,697 | 57.90 | 0.78 | 33,296,610 | 33.44 | 0.52 |
| Momentum Money Market - C1 | 24,100,141 | 56,892,655 | 57.42 | 0.78 | 32,792,514 | 32.95 | 0.52 |
| Ninety One Money Market - B | 24,083,017 | 57,028,267 | 57.55 | 0.78 | 32,945,250 | 33.10 | 0.52 |
| Money Market Total | 96,381,843 | 228,310,304 | 458.96 | 6.20 | 131,928,461 | 287.52 | 4.51 |
| OUTsurance Group Ltd. | 40,000 | 3,787,210 | 223.63 | 3.02 | 3,747,210 | 173.08 | 2.71 |
| Non-life Insurance Total | 40,000 | 3,787,210 | 223.63 | 3.02 | 3,747,210 | 173.08 | 2.71 |
| Bid Corporation Ltd. | 220,000 | 405,000 | 180.76 | 2.44 | 185,000 | 78.72 | 1.23 |
| Personal Care, Drug and Grocery Stores Total | 220,000 | 405,000 | 180.76 | 2.44 | 185,000 | 78.72 | 1.23 |
| Compagnie Financière Richemont SA | 0 | 29,000 | 79.06 | 1.07 | 29,000 | 82.34 | 1.29 |
| Personal Goods Total | 0 | 29,000 | 79.06 | 1.07 | 29,000 | 82.34 | 1.29 |
| Adcock Ingram Holdings Ltd. | 0 | 401,794 | 28.61 | 0.39 | 401,794 | 24.26 | 0.38 |
| Aspen Pharmacare Holdings Ltd. | -55,000 | 1,475,000 | 287.43 | 3.88 | 1,530,000 | 358.56 | 5.62 |
| Pharmaceuticals and Biotechnology Total | -55,000 | 1,876,794 | 316.04 | 4.27 | 1,931,794 | 382.82 | 6.00 |
| Absa Bank Ltd. | 0 | 39,055 | 32.69 | 0.44 | 39,055 | 29.14 | 0.46 |
| Standard Bank Group Ltd. | 0 | 384,089 | 35.03 | 0.47 | 384,089 | 32.69 | 0.51 |
| Preference Shares Total | 0 | 423,144 | 67.72 | 0.92 | 423,144 | 61.82 | 0.97 |
| Truworths International Ltd. | 280,696 | 3,351,769 | 366.75 | 4.96 | 3,071,073 | 283.77 | 4.45 |
| Retailers Total | 280,696 | 3,351,769 | 366.75 | 4.96 | 3,071,073 | 283.77 | 4.45 |
| Prosus NV | 177,000 | 597,000 | 452.29 | 6.11 | 420,000 | 272.56 | 4.27 |
| Software and Computer Services Total | 177,000 | 597,000 | 452.29 | 6.11 | 420,000 | 272.56 | 4.27 |
| Dell Technologies Inc | 11,900 | 110,900 | 229.46 | 3.10 | 99,000 | 251.10 | 3.94 |
| Technology Total | 11,900 | 110,900 | 229.46 | 3.10 | 99,000 | 251.10 | 3.94 |
| British American Tobacco plc | -127,561 | 128,000 | 82.36 | 1.11 | 255,561 | 147.19 | 2.31 |
| Tobacco Total | -127,561 | 128,000 | 82.36 | 1.11 | 255,561 | 147.19 | 2.31 |
| Portfolio Total | 285,053,889 | 1,265,128,723 | 7,398.85 | 100.00 | 980,074,834 | 6,380.33 | 100.00 |