| | | |
| Security | Change | # Units | Value (Rm) | % Fund | # Units | Value (Rm) | % Fund |
| Bollore Logistics | 0 | 130,000 | 12.56 | 5.50 | 130,000 | 12.13 | 5.54 |
| Auto Total | 0 | 130,000 | 12.56 | 5.50 | 130,000 | 12.13 | 5.54 |
| Absa Group Ltd. | -30,000 | 0 | 0.00 | 0.00 | 30,000 | 7.18 | 3.28 |
| Nedbank Group Ltd. | -20,000 | 0 | 0.00 | 0.00 | 20,000 | 5.33 | 2.43 |
| ATLAS MARA LIMITED | 0 | 713,212 | 1.16 | 0.51 | 713,212 | 1.12 | 0.51 |
| Banks Total | -50,000 | 713,212 | 1.16 | 0.51 | 763,212 | 13.63 | 6.22 |
| Cash on call | 0 | 0 | 41.04 | 17.96 | 0 | 22.75 | 10.39 |
| Cash on call Total | 0 | 0 | 41.04 | 17.96 | 0 | 22.75 | 10.39 |
| Aimia Inc | 150,000 | 150,000 | 5.26 | 2.30 | 0 | 0.00 | 0.00 |
| Sasol Ltd. | -10,000 | 20,000 | 4.51 | 1.97 | 30,000 | 3.19 | 1.46 |
| Chemicals Total | 140,000 | 170,000 | 9.77 | 4.28 | 30,000 | 3.19 | 1.46 |
| Aveng Ltd. | 0 | 681,150 | 3.02 | 1.32 | 681,150 | 4.44 | 2.03 |
| Calgro M3 Holdings Ltd. | 0 | 750,000 | 3.34 | 1.46 | 750,000 | 3.58 | 1.63 |
| Raubex Group Ltd. | 0 | 150,000 | 7.31 | 3.20 | 150,000 | 6.68 | 3.05 |
| Trellidor Holdings Ltd. | 600,000 | 3,221,606 | 3.99 | 1.75 | 2,621,606 | 4.93 | 2.25 |
| Wilson Bayly Holmes - Ovcon Ltd. | 0 | 40,000 | 6.20 | 2.71 | 40,000 | 6.68 | 3.05 |
| Construction and Materials Total | 600,000 | 4,842,756 | 23.86 | 10.44 | 4,242,756 | 26.31 | 12.02 |
| Zeda Ltd. | 0 | 400,000 | 5.32 | 2.33 | 400,000 | 5.64 | 2.58 |
| Consumer Services Total | 0 | 400,000 | 5.32 | 2.33 | 400,000 | 5.64 | 2.58 |
| Nexgen Energy Ltd | -25,000 | 10,000 | 1.99 | 0.87 | 35,000 | 5.34 | 2.44 |
| Uranium Energy Corp | -15,000 | 0 | 0.00 | 0.00 | 15,000 | 4.91 | 2.24 |
| Energy Total | -40,000 | 10,000 | 1.99 | 0.87 | 50,000 | 10.25 | 4.68 |
| JSC KASPI KZ ADR | 3,000 | 3,000 | 3.80 | 1.66 | 0 | 0.00 | 0.00 |
| Financial Services Total | 3,000 | 3,000 | 3.80 | 1.66 | 0 | 0.00 | 0.00 |
| European - Currency | 0 | 0 | 0.14 | 0.06 | 0 | 0.14 | 0.06 |
| Hong Kong - Currency | 0 | 0 | 0.19 | 0.08 | 0 | 0.19 | 0.09 |
| United Kingdom - Currency | 0 | 0 | 0.82 | 0.36 | 0 | 0.02 | 0.01 |
| USA - Currency | 0 | 0 | 9.48 | 4.15 | 0 | 9.27 | 4.24 |
| For Currency Total | 0 | 0 | 10.63 | 4.65 | 0 | 9.62 | 4.39 |
| Foreign - Equities | 0 | 0 | 20.41 | 8.93 | 0 | 33.47 | 15.29 |
| Foreign Invest Total | 0 | 0 | 20.41 | 8.93 | 0 | 33.47 | 15.29 |
| York Timber Holdings Ltd. | 0 | 1,933,429 | 3.67 | 1.61 | 1,933,429 | 4.27 | 1.95 |
| Industrial Materials Total | 0 | 1,933,429 | 3.67 | 1.61 | 1,933,429 | 4.27 | 1.95 |
| African Rainbow Minerals Ltd. | 0 | 40,000 | 9.24 | 4.04 | 40,000 | 7.96 | 3.63 |
| Afrimat Ltd. | 100,000 | 100,000 | 3.66 | 1.60 | 0 | 0.00 | 0.00 |
| Glencore plc | -20,000 | 70,000 | 8.96 | 3.92 | 90,000 | 8.20 | 3.75 |
| Master Drilling Group Ltd. | 0 | 262,881 | 4.67 | 2.04 | 262,881 | 4.21 | 1.92 |
| Industrial Metals and Mining Total | 80,000 | 472,881 | 26.52 | 11.61 | 392,881 | 20.37 | 9.30 |
| Bell Equipment Ltd. | 0 | 123,449 | 4.69 | 2.05 | 123,449 | 5.18 | 2.37 |
| Industrial Transportation Total | 0 | 123,449 | 4.69 | 2.05 | 123,449 | 5.18 | 2.37 |
| Fairfax India Holdings Corp | 0 | 17,000 | 4.69 | 2.05 | 17,000 | 4.93 | 2.25 |
| Insurance Total | 0 | 17,000 | 4.69 | 2.05 | 17,000 | 4.93 | 2.25 |
| Hosken Consolidated Investments Ltd. | 0 | 85,000 | 14.03 | 6.14 | 85,000 | 13.26 | 6.06 |
| Investment Banking and Brokerage Services Total | 0 | 85,000 | 14.03 | 6.14 | 85,000 | 13.26 | 6.06 |
| Meren Energy Inc | 100,000 | 100,000 | 2.99 | 1.31 | 0 | 0.00 | 0.00 |
| Valaris Plc | -5,000 | 0 | 0.00 | 0.00 | 5,000 | 4.18 | 1.91 |
| Oil and Gas Total | 95,000 | 100,000 | 2.99 | 1.31 | 5,000 | 4.18 | 1.91 |
| Jubilee Metals Group plc | 0 | 4,000,000 | 2.80 | 1.23 | 4,000,000 | 3.24 | 1.48 |
| Precious Metals and Mining Total | 0 | 4,000,000 | 2.80 | 1.23 | 4,000,000 | 3.24 | 1.48 |
| Goldrush Holdings Ltd. | 0 | 387,393 | 2.40 | 1.05 | 387,393 | 2.70 | 1.24 |
| Preference Shares Total | 0 | 387,393 | 2.40 | 1.05 | 387,393 | 2.70 | 1.24 |
| PAR Technology Corporation | 25,000 | 25,000 | 5.70 | 2.50 | 0 | 0.00 | 0.00 |
| Retail Total | 25,000 | 25,000 | 5.70 | 2.50 | 0 | 0.00 | 0.00 |
| CA Sales Holdings Ltd. | 163,188 | 513,188 | 7.13 | 3.12 | 350,000 | 5.19 | 2.37 |
| KAL Group Ltd. | 0 | 207,796 | 9.48 | 4.15 | 207,796 | 10.39 | 4.75 |
| Retailers Total | 163,188 | 720,984 | 16.61 | 7.27 | 557,796 | 15.58 | 7.12 |
| IAC Interactive | 10,000 | 10,000 | 6.85 | 3.00 | 0 | 0.00 | 0.00 |
| Technology Total | 10,000 | 10,000 | 6.85 | 3.00 | 0 | 0.00 | 0.00 |
| Airtel Africa PLC | 90,000 | 90,000 | 7.00 | 3.06 | 0 | 0.00 | 0.00 |
| Telecom Total | 90,000 | 90,000 | 7.00 | 3.06 | 0 | 0.00 | 0.00 |
| Famous Brands Ltd. | -100,000 | 0 | 0.00 | 0.00 | 100,000 | 5.35 | 2.44 |
| Sun International Ltd. | -75,000 | 0 | 0.00 | 0.00 | 75,000 | 2.90 | 1.32 |
| Travel and Leisure Total | -175,000 | 0 | 0.00 | 0.00 | 175,000 | 8.25 | 3.77 |
| Portfolio Total | 941,188 | 14,234,104 | 228.50 | 100.00 | 13,292,916 | 218.95 | 100.00 |