| | | |
| Security | Change | # Units | Value (Rm) | % Fund | # Units | Value (Rm) | % Fund |
| Absa Group Ltd. | 23,959 | 41,502 | 9.92 | 0.73 | 17,543 | 4.20 | 0.37 |
| Banks Total | 23,959 | 41,502 | 9.92 | 0.73 | 17,543 | 4.20 | 0.37 |
| Hecla Mining Co | -16,138 | 11,117 | 3.26 | 0.24 | 27,255 | 8.79 | 0.78 |
| Basic Resources Total | -16,138 | 11,117 | 3.26 | 0.24 | 27,255 | 8.79 | 0.78 |
| Cash on call | 0 | 0 | 176.30 | 12.90 | 0 | 12.13 | 1.07 |
| Margin Account | 17,357,000 | 17,357,000 | 17.42 | 1.27 | 0 | 0.40 | 0.04 |
| Cash on call Total | 17,357,000 | 17,357,000 | 193.72 | 14.17 | 0 | 12.53 | 1.11 |
| Sasol Ltd. | 62,129 | 362,574 | 81.42 | 5.96 | 300,445 | 31.91 | 2.83 |
| Chemicals Total | 62,129 | 362,574 | 81.42 | 5.96 | 300,445 | 31.91 | 2.83 |
| Albemarle Corp. | 615 | 615 | 1.86 | 0.14 | 0 | 0.00 | 0.00 |
| SanDisk Corporation | 458 | 458 | 4.46 | 0.33 | 0 | 0.00 | 0.00 |
| Cyclical Goods & Services Total | 1,073 | 1,073 | 6.32 | 0.47 | 0 | 0.00 | 0.00 |
| iShares MSCI USA Quality Factor ETF | 20,904 | 20,904 | 66.32 | 4.85 | 0 | 0.00 | 0.00 |
| SPDR S&P 500 ETF | 1,984 | 3,093 | 33.35 | 2.44 | 1,109 | 12.63 | 1.12 |
| Equities Total | 22,888 | 23,997 | 99.67 | 7.29 | 1,109 | 12.63 | 1.12 |
| Cipher Mining Inc | -28,545 | 15,307 | 3.13 | 0.23 | 43,852 | 10.58 | 0.94 |
| Robinhood Markets Inc | -1,468 | 0 | 0.00 | 0.00 | 1,468 | 2.80 | 0.25 |
| Financial Services Total | -30,013 | 15,307 | 3.13 | 0.23 | 45,320 | 13.38 | 1.19 |
| Astral Foods Ltd. | 7,048 | 27,996 | 7.14 | 0.52 | 20,948 | 5.59 | 0.50 |
| RFG Holdings Ltd. | -102,557 | 0 | 0.00 | 0.00 | 102,557 | 2.37 | 0.21 |
| Food Producers Total | -95,509 | 27,996 | 7.14 | 0.52 | 123,505 | 7.96 | 0.71 |
| European - Currency | 0 | 0 | 0.00 | 0.00 | 0 | 0.00 | 0.00 |
| USA - Currency | 0 | 0 | 1.76 | 0.13 | 0 | 1.68 | 0.15 |
| For Currency Total | 0 | 0 | 1.76 | 0.13 | 0 | 1.68 | 0.15 |
| Foreign - Equities | 0 | 0 | 14.73 | 1.08 | 0 | 40.94 | 3.63 |
| Foreign Invest Total | 0 | 0 | 14.73 | 1.08 | 0 | 40.94 | 3.63 |
| Bloom Energy Company | -3,145 | 2,174 | 4.42 | 0.32 | 5,319 | 7.68 | 0.68 |
| QuantumScape | -28,645 | 0 | 0.00 | 0.00 | 28,645 | 4.92 | 0.44 |
| Goods & Services Total | -31,790 | 2,174 | 4.42 | 0.32 | 33,964 | 12.59 | 1.12 |
| Revolution Medicines Inc | 1,302 | 1,302 | 2.05 | 0.15 | 0 | 0.00 | 0.00 |
| Healthcare Total | 1,302 | 1,302 | 2.05 | 0.15 | 0 | 0.00 | 0.00 |
| African Rainbow Minerals Ltd. | 28,239 | 28,239 | 6.43 | 0.47 | 0 | 0.00 | 0.00 |
| Anglo American plc | -6,624 | 12,353 | 8.89 | 0.65 | 18,977 | 13.00 | 1.15 |
| BHP Group Ltd. | 4,031 | 4,031 | 2.43 | 0.18 | 0 | 0.00 | 0.00 |
| Glencore plc | 585,889 | 696,766 | 88.89 | 6.50 | 110,877 | 10.11 | 0.90 |
| South32 Ltd. | 957,737 | 957,737 | 48.93 | 3.58 | 0 | 0.00 | 0.00 |
| Industrial Metals and Mining Total | 1,569,272 | 1,699,126 | 155.57 | 11.38 | 129,854 | 23.11 | 2.05 |
| Grindrod Ltd. | -226,336 | 52,681 | 0.97 | 0.07 | 279,017 | 4.74 | 0.42 |
| Industrial Transportation Total | -226,336 | 52,681 | 0.97 | 0.07 | 279,017 | 4.74 | 0.42 |
| Methodical BCI Global Dynamic - B5 | 22,134,878 | 136,405,922 | 264.50 | 19.35 | 114,271,044 | 202.09 | 17.91 |
| International Total | 22,134,878 | 136,405,922 | 264.50 | 19.35 | 114,271,044 | 202.09 | 17.91 |
| Hosken Consolidated Investments Ltd. | 10,465 | 10,465 | 1.73 | 0.13 | 0 | 0.00 | 0.00 |
| JSE Ltd. | 10,900 | 10,900 | 1.72 | 0.13 | 0 | 0.00 | 0.00 |
| Ninety One Ltd. | 0 | 40,845 | 2.07 | 0.15 | 40,845 | 1.95 | 0.17 |
| Ninety One plc | -32,060 | 23,791 | 1.22 | 0.09 | 55,851 | 2.70 | 0.24 |
| PSG Financial Services Ltd. | -44,873 | 0 | 0.00 | 0.00 | 44,873 | 1.22 | 0.11 |
| Investment Banking and Brokerage Services Total | -55,568 | 86,001 | 6.75 | 0.49 | 141,569 | 5.87 | 0.52 |
| Warner Bros. Discovery International | -2,788 | 0 | 0.00 | 0.00 | 2,788 | 1.33 | 0.12 |
| Media Total | -2,788 | 0 | 0.00 | 0.00 | 2,788 | 1.33 | 0.12 |
| Exxaro Resources Ltd. | 10,284 | 13,247 | 2.95 | 0.22 | 2,963 | 0.53 | 0.05 |
| Thungela Resources Ltd. | 369,818 | 369,818 | 62.45 | 4.57 | 0 | 0.00 | 0.00 |
| Oil, Gas and Coal Total | 380,102 | 383,065 | 65.41 | 4.78 | 2,963 | 0.53 | 0.05 |
| Aspen Pharmacare Holdings Ltd. | 72,175 | 72,175 | 9.31 | 0.68 | 0 | 0.00 | 0.00 |
| Pharmaceuticals and Biotechnology Total | 72,175 | 72,175 | 9.31 | 0.68 | 0 | 0.00 | 0.00 |
| DRDGOLD Ltd. | -417,377 | 1,129,919 | 55.05 | 4.03 | 1,547,296 | 81.02 | 7.18 |
| Impala Platinum Holdings Ltd. | -95,813 | 223,235 | 52.61 | 3.85 | 319,048 | 83.59 | 7.41 |
| Northam Platinum Holdings Ltd. | -67,581 | 198,157 | 67.08 | 4.91 | 265,738 | 89.58 | 7.94 |
| Pan African Resources plc | -1,003,898 | 2,549,544 | 77.89 | 5.70 | 3,553,442 | 95.69 | 8.48 |
| Sibanye Stillwater Ltd. | -725,221 | 922,411 | 46.07 | 3.37 | 1,647,632 | 99.68 | 8.83 |
| Valterra Platinum Ltd. | -16,885 | 46,182 | 63.70 | 4.66 | 63,067 | 88.90 | 7.88 |
| Precious Metals and Mining Total | -2,326,775 | 5,069,448 | 362.40 | 26.51 | 7,396,223 | 538.46 | 47.72 |
| Fairvest Ltd. | -751,316 | 0 | 0.00 | 0.00 | 751,316 | 5.39 | 0.48 |
| Growthpoint Properties Ltd. | -1,467,888 | 0 | 0.00 | 0.00 | 1,467,888 | 25.19 | 2.23 |
| Hyprop Investments Ltd. | 1,818 | 15,074 | 0.80 | 0.06 | 13,256 | 0.76 | 0.07 |
| Redefine Properties Ltd. | -1,141,093 | 145,506 | 0.86 | 0.06 | 1,286,599 | 7.72 | 0.68 |
| Resilient REIT Ltd. | 6,857 | 6,857 | 0.54 | 0.04 | 0 | 0.00 | 0.00 |
| Real Estate Investment Trusts Total | -3,351,622 | 167,437 | 2.20 | 0.16 | 3,519,059 | 39.06 | 3.46 |
| Wayfair Inc | -709 | 0 | 0.00 | 0.00 | 709 | 1.18 | 0.11 |
| Retail Total | -709 | 0 | 0.00 | 0.00 | 709 | 1.18 | 0.11 |
| Motus Holdings Ltd. | -42,692 | 13,452 | 1.54 | 0.11 | 56,144 | 6.85 | 0.61 |
| Retailers Total | -42,692 | 13,452 | 1.54 | 0.11 | 56,144 | 6.85 | 0.61 |
| Datatec Ltd. | -45,310 | 0 | 0.00 | 0.00 | 45,310 | 3.58 | 0.32 |
| Naspers Ltd. | -7,525 | 0 | 0.00 | 0.00 | 7,525 | 8.31 | 0.74 |
| Prosus NV | -15,410 | 0 | 0.00 | 0.00 | 15,410 | 15.77 | 1.40 |
| Software and Computer Services Total | -68,245 | 0 | 0.00 | 0.00 | 68,245 | 27.67 | 2.45 |
| Applied Digital Corporation | -18,692 | 5,241 | 1.83 | 0.13 | 23,933 | 9.53 | 0.84 |
| Ciena Corporation | 318 | 1,223 | 7.59 | 0.56 | 905 | 3.57 | 0.32 |
| Credo Technology Group Holding | -1,315 | 0 | 0.00 | 0.00 | 1,315 | 3.15 | 0.28 |
| Hut 8 Mining Corp | -2,223 | 0 | 0.00 | 0.00 | 2,223 | 1.70 | 0.15 |
| Micron Technology | 724 | 1,042 | 5.71 | 0.42 | 318 | 1.54 | 0.14 |
| Palantir Technologies | -91 | 0 | 0.00 | 0.00 | 91 | 0.27 | 0.02 |
| Planet Labs PBC | 8,246 | 8,246 | 3.91 | 0.29 | 0 | 0.00 | 0.00 |
| Rigetti Computing Inc | -10,222 | 0 | 0.00 | 0.00 | 10,222 | 3.79 | 0.34 |
| Teradyne Incorporated | 1,110 | 1,110 | 5.22 | 0.38 | 0 | 0.00 | 0.00 |
| Western Digital Corporation | -4,187 | 1,413 | 6.05 | 0.44 | 5,600 | 16.31 | 1.45 |
| Technology Total | -26,332 | 18,275 | 30.31 | 2.22 | 44,607 | 39.86 | 3.53 |
| AST SpaceMobile Inc | -1,840 | 437 | 0.55 | 0.04 | 2,277 | 2.81 | 0.25 |
| Telecom Total | -1,840 | 437 | 0.55 | 0.04 | 2,277 | 2.81 | 0.25 |
| Blu Label Unlimited Group Ltd. | -262,700 | 0 | 0.00 | 0.00 | 262,700 | 2.77 | 0.25 |
| MTN Group Ltd. | -90,056 | 187,578 | 36.22 | 2.65 | 277,634 | 47.06 | 4.17 |
| Telkom SA SOC Ltd. | -499,783 | 62,311 | 3.64 | 0.27 | 562,094 | 33.17 | 2.94 |
| Telecommunications Service Providers Total | -852,539 | 249,889 | 39.86 | 2.92 | 1,102,428 | 83.00 | 7.36 |
| British American Tobacco plc | -5,364 | 0 | 0.00 | 0.00 | 5,364 | 5.12 | 0.45 |
| Tobacco Total | -5,364 | 0 | 0.00 | 0.00 | 5,364 | 5.12 | 0.45 |
| Portfolio Total | 34,490,518 | 162,061,950 | 1,366.89 | 100.01 | 127,571,432 | 1,128.28 | 100.00 |