| | | |
| Security | Change | # Units | Value (Rm) | % Fund | # Units | Value (Rm) | % Fund |
| FirstRand Ltd. | -4,774 | 0 | 0.00 | 0.00 | 4,774 | 0.37 | 0.01 |
| Investec Ltd. | -1,180 | 0 | 0.00 | 0.00 | 1,180 | 0.15 | 0.00 |
| Standard Bank Group Ltd. | -1,139 | 0 | 0.00 | 0.00 | 1,139 | 0.27 | 0.01 |
| Banks Total | -7,093 | 0 | 0.00 | 0.00 | 7,093 | 0.79 | 0.02 |
| Anheuser-Busch InBev SA/NV | -162 | 0 | 0.00 | 0.00 | 162 | 0.17 | 0.01 |
| Beverages Total | -162 | 0 | 0.00 | 0.00 | 162 | 0.17 | 0.01 |
| BlackRock ICS Euro Liquidity Fund | 1 | 69,182 | 197.19 | 5.88 | 69,181 | 204.79 | 6.32 |
| Blackrock ICS Sterling Liquidity | 8,553 | 872,701 | 19.50 | 0.58 | 864,148 | 20.14 | 0.62 |
| Cash Total | 8,554 | 941,883 | 216.70 | 6.46 | 933,329 | 224.93 | 6.95 |
| Cash on call | 0 | 0 | 687.28 | 20.49 | 0 | 613.85 | 18.95 |
| Cash on call Total | 0 | 0 | 687.28 | 20.49 | 0 | 613.85 | 18.95 |
| Murray & Roberts Holdings Ltd. | 540 | 540 | 0.00 | 0.00 | 0 | 0.00 | 0.00 |
| Construction and Materials Total | 540 | 540 | 0.00 | 0.00 | 0 | 0.00 | 0.00 |
| Meituan Class B | 50 | 50 | 0.01 | 0.00 | 0 | 0.01 | 0.00 |
| Consumer Services Total | 50 | 50 | 0.01 | 0.00 | 0 | 0.01 | 0.00 |
| Netflix Inc | 49,500 | 55,000 | 85.30 | 2.54 | 5,500 | 114.67 | 3.54 |
| Tencent Holdings Ltd | 0 | 141,000 | 179.44 | 5.35 | 141,000 | 207.63 | 6.41 |
| Yum Brands Inc Com | 0 | 13,500 | 33.98 | 1.01 | 13,500 | 35.92 | 1.11 |
| Cyclical Goods & Services Total | 49,500 | 209,500 | 298.72 | 8.91 | 160,000 | 358.22 | 11.06 |
| Marubeni Corp DZ | 0 | 21,500 | 99.14 | 2.96 | 21,500 | 92.13 | 2.84 |
| Sumitomo Corporation | 0 | 105,000 | 60.28 | 1.80 | 105,000 | 53.30 | 1.65 |
| Equities Total | 0 | 126,500 | 159.42 | 4.75 | 126,500 | 145.42 | 4.49 |
| American Express | 0 | 9,620 | 59.41 | 1.77 | 9,620 | 56.91 | 1.76 |
| Citigroup | 0 | 107,000 | 207.41 | 6.18 | 107,000 | 190.77 | 5.89 |
| Mastercard Inc | 0 | 2,300 | 21.96 | 0.65 | 2,300 | 22.58 | 0.70 |
| Financial Services Total | 0 | 118,920 | 288.78 | 8.61 | 118,920 | 270.26 | 8.34 |
| JP Morgan Chase & Company | 0 | 28,000 | 149.77 | 4.46 | 28,000 | 152.77 | 4.72 |
| Financials Total | 0 | 28,000 | 149.77 | 4.46 | 28,000 | 152.77 | 4.72 |
| Centaur BCI Flexible - C | 0 | 1,027,975 | 13.83 | 0.41 | 1,027,975 | 13.05 | 0.40 |
| Flexible Total | 0 | 1,027,975 | 13.83 | 0.41 | 1,027,975 | 13.05 | 0.40 |
| Magnum Ice Cream Company NV | 25,500 | 25,500 | 6.71 | 0.20 | 0 | 0.00 | 0.00 |
| Unilever plc | 15,833 | 113,333 | 122.99 | 3.67 | 97,500 | 99.70 | 3.08 |
| Yum China Holdings Inc | 0 | 130,000 | 102.79 | 3.06 | 130,000 | 97.98 | 3.03 |
| Food & Beverage Total | 41,333 | 268,833 | 232.49 | 6.93 | 227,500 | 197.68 | 6.10 |
| Denmark - Currency | 0 | 0 | 0.26 | 0.01 | 0 | 0.27 | 0.01 |
| European - Currency | 0 | 0 | 12.46 | 0.37 | 0 | 13.00 | 0.40 |
| Foreign - Currency | 0 | 0 | 0.14 | 0.00 | 0 | 0.00 | 0.00 |
| Foreign - Money Market | 0 | 0 | 0.00 | 0.00 | 0 | 145.56 | 4.49 |
| Hong Kong - Currency | 0 | 0 | 1.55 | 0.05 | 0 | 1.62 | 0.05 |
| Japan - Currency | 0 | 0 | 31.59 | 0.94 | 0 | 0.00 | 0.00 |
| Norway - Cash | 0 | 0 | 3.13 | 0.09 | 0 | 3.30 | 0.10 |
| United Kingdom - Currency | 0 | 0 | 13.90 | 0.41 | 0 | 8.87 | 0.27 |
| USA - Currency | 0 | 0 | 23.96 | 0.71 | 0 | -67.76 | -2.09 |
| For Currency Total | 0 | 0 | 86.98 | 2.59 | 0 | 104.86 | 3.23 |
| Foreign - Equities | 0 | 0 | 284.51 | 8.48 | 0 | 257.38 | 7.95 |
| Foreign Invest Total | 0 | 0 | 284.51 | 8.48 | 0 | 257.38 | 7.95 |
| The Bidvest Group Ltd. | -791 | 0 | 0.00 | 0.00 | 791 | 0.17 | 0.01 |
| General Industrials Total | -791 | 0 | 0.00 | 0.00 | 791 | 0.17 | 0.01 |
| Boston Scientific Corporation | 0 | 82,000 | 130.20 | 3.88 | 82,000 | 137.52 | 4.25 |
| GlaxoSmithKline plc - London | 0 | 0 | 101.53 | 3.03 | 0 | 89.40 | 2.76 |
| Ulta Beauty Inc | 0 | 8,000 | 80.29 | 2.39 | 8,000 | 76.56 | 2.36 |
| Healthcare Total | 0 | 90,000 | 312.03 | 9.30 | 90,000 | 303.48 | 9.37 |
| Anglo American plc | -188 | 0 | 0.00 | 0.00 | 188 | 0.12 | 0.00 |
| Industrial Metals and Mining Total | -188 | 0 | 0.00 | 0.00 | 188 | 0.12 | 0.00 |
| Admiral Group PLC | 0 | 192,000 | 135.82 | 4.05 | 192,000 | 154.05 | 4.76 |
| Insurance Total | 0 | 192,000 | 135.82 | 4.05 | 192,000 | 154.05 | 4.76 |
| Reinet Investments SCA | -264 | 0 | 0.00 | 0.00 | 264 | 0.13 | 0.00 |
| Investment Banking and Brokerage Services Total | -264 | 0 | 0.00 | 0.00 | 264 | 0.13 | 0.00 |
| Sanlam Ltd. | -2,452 | 0 | 0.00 | 0.00 | 2,452 | 0.20 | 0.01 |
| Life Insurance Total | -2,452 | 0 | 0.00 | 0.00 | 2,452 | 0.20 | 0.01 |
| BCI Money Market - B | 220,373 | 12,477,616 | 12.55 | 0.37 | 12,257,243 | 12.33 | 0.38 |
| Momentum Money Market - C1 | 4,612 | 258,479 | 0.26 | 0.01 | 253,867 | 0.26 | 0.01 |
| Money Market Total | 224,985 | 12,736,095 | 12.81 | 0.38 | 12,511,110 | 12.59 | 0.39 |
| BlackRock ICS US Dollar Liquidity Fund | 8,479,582 | 8,479,582 | 140.70 | 4.19 | 0 | 0.00 | 0.00 |
| Ninety One GSF US Dollar Money A Acc | 0 | 10,849 | 4.41 | 0.13 | 10,849 | 4.57 | 0.14 |
| Offshore Intern Total | 8,479,582 | 8,490,431 | 145.11 | 4.32 | 10,849 | 4.57 | 0.14 |
| Bid Corporation Ltd. | -685 | 0 | 0.00 | 0.00 | 685 | 0.30 | 0.01 |
| Shoprite Holdings Ltd. | -435 | 0 | 0.00 | 0.00 | 435 | 0.12 | 0.00 |
| Personal Care, Drug and Grocery Stores Total | -1,120 | 0 | 0.00 | 0.00 | 1,120 | 0.42 | 0.01 |
| Compagnie Financière Richemont SA | -381 | 0 | 0.00 | 0.00 | 381 | 1.25 | 0.04 |
| Personal Goods Total | -381 | 0 | 0.00 | 0.00 | 381 | 1.25 | 0.04 |
| Nike Incorporated | 20,000 | 100,000 | 101.77 | 3.03 | 80,000 | 96.63 | 2.98 |
| Retail Total | 20,000 | 100,000 | 101.77 | 3.03 | 80,000 | 96.63 | 2.98 |
| Mr Price Group Ltd. | -499 | 0 | 0.00 | 0.00 | 499 | 0.10 | 0.00 |
| Retailers Total | -499 | 0 | 0.00 | 0.00 | 499 | 0.10 | 0.00 |
| Naspers Ltd. | -168 | 0 | 0.00 | 0.00 | 168 | 1.06 | 0.03 |
| Prosus NV | -578 | 0 | 0.00 | 0.00 | 578 | 0.71 | 0.02 |
| Software and Computer Services Total | -746 | 0 | 0.00 | 0.00 | 746 | 1.77 | 0.05 |
| Amazon.Com | 0 | 29,500 | 113.45 | 3.38 | 29,500 | 113.27 | 3.50 |
| Constellation Software | -29,043 | 0 | 0.00 | 0.00 | 29,043 | 68.50 | 2.12 |
| Delivery Hero | 43,500 | 43,500 | 20.98 | 0.63 | 0 | 23.59 | 0.73 |
| Spotify Technology | 0 | 8,700 | 82.97 | 2.47 | 8,700 | 109.53 | 3.38 |
| Technology Total | 14,457 | 81,700 | 217.40 | 6.48 | 67,243 | 314.89 | 9.72 |
| British American Tobacco plc | -492 | 0 | 0.00 | 0.00 | 492 | 0.45 | 0.01 |
| Tobacco Total | -492 | 0 | 0.00 | 0.00 | 492 | 0.45 | 0.01 |
| City Lodge Hotels Ltd. | 0 | 2,100,000 | 10.88 | 0.32 | 2,100,000 | 8.57 | 0.26 |
| Travel and Leisure Total | 0 | 2,100,000 | 10.88 | 0.32 | 2,100,000 | 8.57 | 0.26 |
| Portfolio Total | 8,824,813 | 26,512,427 | 3,354.31 | 100.00 | 17,687,614 | 3,238.76 | 100.00 |