| | | |
| Security | Change | # Units | Value (Rm) | % Fund | # Units | Value (Rm) | % Fund |
| China Meidong Auto Holdings Limited | -84,000 | 0 | 0.00 | 0.00 | 84,000 | 0.44 | 0.09 |
| Auto Total | -84,000 | 0 | 0.00 | 0.00 | 84,000 | 0.44 | 0.09 |
| Cash on call | 0 | 0 | 2.84 | 0.54 | 0 | 15.73 | 3.30 |
| Cash on call Total | 0 | 0 | 2.84 | 0.54 | 0 | 15.73 | 3.30 |
| ADvTECH Ltd. | 0 | 555,000 | 17.52 | 3.32 | 555,000 | 18.12 | 3.80 |
| Consumer Services Total | 0 | 555,000 | 17.52 | 3.32 | 555,000 | 18.12 | 3.80 |
| Alphabet Inc A | 0 | 3,650 | 15.39 | 2.91 | 3,650 | 11.59 | 2.43 |
| L'Oreal | 0 | 650 | 4.84 | 0.92 | 650 | 4.92 | 1.03 |
| Cyclical Goods & Services Total | 0 | 4,300 | 20.23 | 3.83 | 4,300 | 16.50 | 3.46 |
| Woodside Energy Group Ltd | -15,208 | 0 | 0.00 | 0.00 | 15,208 | 4.17 | 0.88 |
| Energy Total | -15,208 | 0 | 0.00 | 0.00 | 15,208 | 4.17 | 0.88 |
| Keyence Corporation | -600 | 0 | 0.00 | 0.00 | 600 | 4.27 | 0.90 |
| Equities Total | -600 | 0 | 0.00 | 0.00 | 600 | 4.27 | 0.90 |
| PayPal Holdings Inc | 4,500 | 9,000 | 10.84 | 2.05 | 4,500 | 5.89 | 1.24 |
| Financial Services Total | 4,500 | 9,000 | 10.84 | 2.05 | 4,500 | 5.89 | 1.24 |
| Unilever plc | 0 | 10,000 | 10.21 | 1.93 | 10,000 | 10.83 | 2.27 |
| Food & Beverage Total | 0 | 10,000 | 10.21 | 1.93 | 10,000 | 10.83 | 2.27 |
| AVI Ltd. | 0 | 94,000 | 9.26 | 1.75 | 94,000 | 8.87 | 1.86 |
| Tiger Brands Ltd. | 0 | 40,000 | 12.30 | 2.33 | 40,000 | 12.86 | 2.70 |
| Food Producers Total | 0 | 134,000 | 21.56 | 4.08 | 134,000 | 21.73 | 4.56 |
| Australia - Currency | 0 | 0 | 5.34 | 1.01 | 0 | 1.41 | 0.30 |
| Canada - Currency | 0 | 0 | 0.14 | 0.03 | 0 | 0.14 | 0.03 |
| European - Currency | 0 | 0 | 5.72 | 1.08 | 0 | 5.78 | 1.21 |
| Hong Kong - Currency | 0 | 0 | 0.39 | 0.07 | 0 | 0.01 | 0.00 |
| Japan - Currency | 0 | 0 | 0.00 | 0.00 | 0 | 0.05 | 0.01 |
| United Kingdom - Currency | 0 | 0 | 0.00 | 0.00 | 0 | 0.00 | 0.00 |
| USA - Currency | 0 | 0 | 17.68 | 3.35 | 0 | 3.65 | 0.77 |
| For Currency Total | 0 | 0 | 29.27 | 5.54 | 0 | 11.03 | 2.31 |
| Foreign - Equities | 0 | 0 | 11.13 | 2.11 | 0 | 34.27 | 7.19 |
| Foreign Invest Total | 0 | 0 | 11.13 | 2.11 | 0 | 34.27 | 7.19 |
| GE Vernova Inc | 1,150 | 1,150 | 11.97 | 2.27 | 0 | 0.00 | 0.00 |
| Otis Worldwide Corporation | 0 | 5,500 | 8.68 | 1.64 | 5,500 | 9.54 | 2.00 |
| Samsung Electronics NV | -300 | 0 | 0.00 | 0.00 | 300 | 5.89 | 1.24 |
| Goods & Services Total | 850 | 6,650 | 20.65 | 3.91 | 5,800 | 15.44 | 3.24 |
| Sappi Ltd. | -241,167 | 441,833 | 10.21 | 1.93 | 683,000 | 20.39 | 4.28 |
| Industrial Materials Total | -241,167 | 441,833 | 10.21 | 1.93 | 683,000 | 20.39 | 4.28 |
| Afrimat Ltd. | 0 | 95,568 | 3.65 | 0.69 | 95,568 | 4.24 | 0.89 |
| Anglo American plc | 0 | 25,541 | 16.48 | 3.12 | 25,541 | 13.30 | 2.79 |
| BHP Group Ltd. | 0 | 22,000 | 10.52 | 1.99 | 22,000 | 9.37 | 1.96 |
| Industrial Metals and Mining Total | 0 | 143,109 | 30.65 | 5.80 | 143,109 | 26.91 | 5.64 |
| Grindrod Ltd. | -590,741 | 0 | 0.00 | 0.00 | 590,741 | 7.43 | 1.56 |
| Industrial Transportation Total | -590,741 | 0 | 0.00 | 0.00 | 590,741 | 7.43 | 1.56 |
| Dis-Chem Pharmacies Ltd. | 0 | 272,000 | 8.88 | 1.68 | 272,000 | 8.84 | 1.85 |
| Personal Care, Drug and Grocery Stores Total | 0 | 272,000 | 8.88 | 1.68 | 272,000 | 8.84 | 1.85 |
| Compagnie Financière Richemont SA | 0 | 4,200 | 13.73 | 2.60 | 4,200 | 13.99 | 2.94 |
| Personal Goods Total | 0 | 4,200 | 13.73 | 2.60 | 4,200 | 13.99 | 2.94 |
| AngloGold Ashanti plc | 14,300 | 37,800 | 44.96 | 8.51 | 23,500 | 18.74 | 3.93 |
| Gold Fields Ltd. | 0 | 53,500 | 38.37 | 7.26 | 53,500 | 22.25 | 4.67 |
| Impala Platinum Holdings Ltd. | 0 | 129,000 | 28.08 | 5.32 | 129,000 | 20.55 | 4.31 |
| Northam Platinum Holdings Ltd. | 0 | 136,000 | 37.94 | 7.18 | 136,000 | 26.31 | 5.52 |
| Valterra Platinum Ltd. | 12,600 | 12,600 | 15.22 | 2.88 | 0 | 0.00 | 0.00 |
| Precious Metals and Mining Total | 26,900 | 368,900 | 164.57 | 31.15 | 342,000 | 87.86 | 18.43 |
| Visa Inc | 800 | 3,600 | 21.16 | 4.01 | 2,800 | 17.35 | 3.64 |
| Retail Total | 800 | 3,600 | 21.16 | 4.01 | 2,800 | 17.35 | 3.64 |
| Combined Motor Holdings Ltd. | 0 | 310,075 | 10.23 | 1.94 | 310,075 | 9.52 | 2.00 |
| Mr Price Group Ltd. | 0 | 51,000 | 10.42 | 1.97 | 51,000 | 11.31 | 2.37 |
| Pepkor Holdings Ltd. | 0 | 225,000 | 5.51 | 1.04 | 225,000 | 6.14 | 1.29 |
| We Buy Cars Holdings Ltd. | 0 | 330,000 | 18.32 | 3.47 | 330,000 | 19.55 | 4.10 |
| Retailers Total | 0 | 916,075 | 44.48 | 8.42 | 916,075 | 46.51 | 9.76 |
| Amazon.Com | 0 | 4,100 | 15.74 | 2.98 | 4,100 | 16.28 | 3.41 |
| Applied Materials Incorporated | -3,500 | 0 | 0.00 | 0.00 | 3,500 | 11.40 | 2.39 |
| Carrier Global Corporation | 10,000 | 10,000 | 10.22 | 1.93 | 0 | 0.00 | 0.00 |
| Meta Platforms Inc | 0 | 1,650 | 21.20 | 4.01 | 1,650 | 21.52 | 4.51 |
| Microsoft Corporation | 0 | 2,300 | 20.46 | 3.87 | 2,300 | 20.28 | 4.25 |
| Taiwan Semiconductors | 0 | 4,800 | 22.72 | 4.30 | 4,800 | 19.56 | 4.10 |
| Technology Total | 6,500 | 22,850 | 90.34 | 17.10 | 16,350 | 89.04 | 18.68 |
| Portfolio Total | -892,166 | 2,891,517 | 528.27 | 100.00 | 3,783,683 | 476.76 | 100.00 |