| | | |
| Security | Change | # Units | Value (Rm) | % Fund | # Units | Value (Rm) | % Fund |
| Capitec Bank Holdings Ltd. | 7,700 | 70,200 | 243.61 | 5.73 | 62,500 | 222.24 | 5.84 |
| Nedbank Group Ltd. | -9,000 | 685,000 | 146.62 | 3.45 | 694,000 | 169.41 | 4.45 |
| Standard Bank Group Ltd. | 122,000 | 1,000,000 | 236.26 | 5.56 | 878,000 | 199.93 | 5.26 |
| Nu Holdings Ltd | 40,000 | 40,000 | 11.03 | 0.26 | 0 | 0.00 | 0.00 |
| Banks Total | 160,700 | 1,795,200 | 637.52 | 15.01 | 1,634,500 | 591.58 | 15.55 |
| EOG Resources | -16,100 | 10,000 | 19.59 | 0.46 | 26,100 | 56.06 | 1.47 |
| Basic Resources Total | -16,100 | 10,000 | 19.59 | 0.46 | 26,100 | 56.06 | 1.47 |
| SA Bond EL29 | 0 | 3,000,000 | 5.06 | 0.12 | 3,000,000 | 4.86 | 0.13 |
| SA Bond EL30 | 0 | 3,000,000 | 4.80 | 0.11 | 3,000,000 | 4.65 | 0.12 |
| SA Bond EL31 | 0 | 700,000 | 1.02 | 0.02 | 700,000 | 0.97 | 0.03 |
| SA Bond ES33 | 0 | 2,893,000 | 2.56 | 0.06 | 2,893,000 | 2.48 | 0.07 |
| SA Bond FRBI33 | 4,700,000 | 4,700,000 | 12.77 | 0.30 | 0 | 0.00 | 0.00 |
| SA Bond FRC501 | 0 | 2,000,000 | 2.68 | 0.06 | 2,000,000 | 2.59 | 0.07 |
| SA Bond FRS137 | 0 | 450,000 | 1.12 | 0.03 | 450,000 | 1.09 | 0.03 |
| SA Bond I2033 | 17,000,000 | 24,500,000 | 32.84 | 0.77 | 7,500,000 | 9.71 | 0.26 |
| SA Bond I2038 | 0 | 6,000,000 | 8.69 | 0.20 | 6,000,000 | 8.40 | 0.22 |
| SA Bond R186 | 0 | 35,600,000 | 37.88 | 0.89 | 35,600,000 | 37.05 | 0.97 |
| SA Bond R2030 | 0 | 1,250,000 | 1.27 | 0.03 | 1,250,000 | 1.27 | 0.03 |
| SA Bond R2032 | 5,600,000 | 26,860,000 | 26.52 | 0.62 | 21,260,000 | 20.74 | 0.55 |
| SA Bond R2035 | 0 | 88,600,000 | 87.77 | 2.07 | 88,600,000 | 85.41 | 2.25 |
| SA Bond R2037 | 0 | 82,100,000 | 76.86 | 1.81 | 82,100,000 | 74.36 | 1.95 |
| SA Bond R2038 | 3,000,000 | 3,000,000 | 3.26 | 0.08 | 0 | 0.00 | 0.00 |
| SA Bond R2040 | 0 | 56,000,000 | 52.18 | 1.23 | 56,000,000 | 50.61 | 1.33 |
| SA Bond R2044 | 23,500,000 | 79,350,000 | 70.34 | 1.66 | 55,850,000 | 47.51 | 1.25 |
| SA Bond R2048 | 0 | 7,300,000 | 6.37 | 0.15 | 7,300,000 | 6.09 | 0.16 |
| SA Bond R209 | 0 | 23,000,000 | 18.28 | 0.43 | 23,000,000 | 17.53 | 0.46 |
| SA Bond R213 | 0 | 48,400,000 | 46.24 | 1.09 | 48,400,000 | 45.67 | 1.20 |
| SA Bond R214 | 41,750,000 | 41,750,000 | 30.50 | 0.72 | 0 | 0.00 | 0.00 |
| SA Bond SBSI14 | 0 | 1,466,442 | 3.99 | 0.09 | 1,466,442 | 3.80 | 0.10 |
| SA Bond TN30 | 0 | 1,500,000 | 1.66 | 0.04 | 1,500,000 | 1.54 | 0.04 |
| Bond Total | 95,550,000 | 543,419,442 | 534.67 | 12.59 | 447,869,442 | 426.34 | 11.21 |
| Cash on call | 0 | 0 | 37.88 | 0.89 | 0 | 35.20 | 0.93 |
| Margin Account | 0 | 0 | 37.66 | 0.89 | 0 | 26.55 | 0.70 |
| Cash on call Total | 0 | 0 | 75.54 | 1.78 | 0 | 61.75 | 1.62 |
| Lowes Companies | 0 | 7,350 | 32.18 | 0.76 | 7,350 | 29.22 | 0.77 |
| Construction Total | 0 | 7,350 | 32.18 | 0.76 | 7,350 | 29.22 | 0.77 |
| Stadio Holdings Ltd. | 496,154 | 496,154 | 5.21 | 0.12 | 0 | 0.00 | 0.00 |
| Consumer Services Total | 496,154 | 496,154 | 5.21 | 0.12 | 0 | 0.00 | 0.00 |
| Howden Joinery Group PLC | 0 | 445,000 | 87.16 | 2.05 | 445,000 | 93.17 | 2.45 |
| Cyclical Goods & Services Total | 0 | 445,000 | 87.16 | 2.05 | 445,000 | 93.17 | 2.45 |
| Bond Derivative | 0 | 0 | 0.00 | 0.00 | 0 | 3.16 | 0.08 |
| Equity Derivative | 0 | 0 | 20.09 | 0.47 | 0 | 0.00 | 0.00 |
| Derivatives Total | 0 | 0 | 20.09 | 0.47 | 0 | 3.16 | 0.08 |
| Keyence Corporation | 4,000 | 4,000 | 25.85 | 0.61 | 0 | 0.00 | 0.00 |
| Equities Total | 4,000 | 4,000 | 25.85 | 0.61 | 0 | 0.00 | 0.00 |
| Derwent London | 4,500 | 259,500 | 106.33 | 2.50 | 255,000 | 129.25 | 3.40 |
| EXOR S.p.A | 0 | 56,500 | 95.48 | 2.25 | 56,500 | 100.55 | 2.64 |
| Interactive Brokers Group | 9,500 | 152,500 | 181.33 | 4.27 | 143,000 | 137.19 | 3.61 |
| Mastercard Inc | 0 | 1,400 | 13.75 | 0.32 | 1,400 | 13.70 | 0.36 |
| Mercadolibre Inc | 1,000 | 1,000 | 43.23 | 1.02 | 0 | 0.00 | 0.00 |
| Financial Services Total | 15,000 | 470,900 | 440.11 | 10.36 | 455,900 | 380.68 | 10.01 |
| European - Currency | 8,336 | 8,336 | 0.17 | 0.00 | 0 | 0.04 | 0.00 |
| Foreign - Currency | 14,131 | 14,131 | 0.03 | 0.00 | 0 | 0.39 | 0.01 |
| Hong Kong - Currency | 806,683 | 806,683 | 1.79 | 0.04 | 0 | 0.09 | 0.00 |
| Japan - Currency | 642,965 | 642,965 | 0.08 | 0.00 | 0 | 0.25 | 0.01 |
| United Kingdom - Currency | 312 | 312 | 0.01 | 0.00 | 0 | 2.94 | 0.08 |
| USA - Currency | 13,526 | 13,526 | 0.23 | 0.01 | 0 | 1.65 | 0.04 |
| For Currency Total | 1,485,953 | 1,485,953 | 2.31 | 0.05 | 0 | 5.36 | 0.14 |
| Foreign - Equities | 0 | 0 | 111.32 | 2.62 | 0 | 102.07 | 2.68 |
| Foreign Invest Total | 0 | 0 | 111.32 | 2.62 | 0 | 102.07 | 2.68 |
| British Land Company | 210,000 | 210,000 | 16.90 | 0.40 | 0 | 0.00 | 0.00 |
| NewRiver Retail Ltd | 110,000 | 2,910,000 | 48.68 | 1.15 | 2,800,000 | 52.08 | 1.37 |
| Unibail-Rodamco | 0 | 128,000 | 231.37 | 5.45 | 128,000 | 215.23 | 5.66 |
| Foreign Property Total | 320,000 | 3,248,000 | 296.95 | 6.99 | 2,928,000 | 267.31 | 7.03 |
| ASML Holding NV | -1,500 | 4,000 | 67.02 | 1.58 | 5,500 | 77.96 | 2.05 |
| Lam Research Corporation | -4,000 | 67,500 | 153.15 | 3.61 | 71,500 | 123.77 | 3.25 |
| Goods & Services Total | -5,500 | 71,500 | 220.17 | 5.18 | 77,000 | 201.72 | 5.30 |
| African Rainbow Minerals Ltd. | 137,500 | 137,500 | 25.50 | 0.60 | 0 | 0.00 | 0.00 |
| Afrimat Ltd. | 255,000 | 2,925,000 | 111.65 | 2.63 | 2,670,000 | 118.47 | 3.11 |
| Industrial Metals and Mining Total | 392,500 | 3,062,500 | 137.14 | 3.23 | 2,670,000 | 118.47 | 3.11 |
| Hudaco Industries Ltd. | 17,500 | 487,500 | 84.83 | 2.00 | 470,000 | 91.85 | 2.41 |
| Industrial Support Services Total | 17,500 | 487,500 | 84.83 | 2.00 | 470,000 | 91.85 | 2.41 |
| AIA Group Limited | 0 | 900,000 | 149.22 | 3.51 | 900,000 | 143.50 | 3.77 |
| Insurance Total | 0 | 900,000 | 149.22 | 3.51 | 900,000 | 143.50 | 3.77 |
| JSE Ltd. | 0 | 130,000 | 16.60 | 0.39 | 130,000 | 17.32 | 0.46 |
| Investment Banking and Brokerage Services Total | 0 | 130,000 | 16.60 | 0.39 | 130,000 | 17.32 | 0.46 |
| Money Market Instrument | 0 | 0 | 10.76 | 0.25 | 0 | 12.65 | 0.33 |
| Granate BCI Money Market - C | 1,761 | 92,553 | 0.09 | 0.00 | 90,792 | 0.09 | 0.00 |
| Money Market Total | 1,761 | 92,553 | 10.85 | 0.26 | 90,792 | 12.74 | 0.34 |
| OUTsurance Group Ltd. | 260,000 | 2,360,000 | 168.60 | 3.97 | 2,100,000 | 164.51 | 4.32 |
| Santam Ltd. | 65,000 | 295,000 | 111.30 | 2.62 | 230,000 | 97.97 | 2.58 |
| Non-life Insurance Total | 325,000 | 2,655,000 | 279.90 | 6.59 | 2,330,000 | 262.48 | 6.90 |
| Shoprite Holdings Ltd. | 45,500 | 351,500 | 96.35 | 2.27 | 306,000 | 85.66 | 2.25 |
| Personal Care, Drug and Grocery Stores Total | 45,500 | 351,500 | 96.35 | 2.27 | 306,000 | 85.66 | 2.25 |
| SA Corporate Real Estate Ltd. | 0 | 35,000,000 | 108.50 | 2.55 | 35,000,000 | 109.90 | 2.89 |
| Real Estate Investment Trusts Total | 0 | 35,000,000 | 108.50 | 2.55 | 35,000,000 | 109.90 | 2.89 |
| Shopify | 21,750 | 21,750 | 56.01 | 1.32 | 0 | 0.00 | 0.00 |
| Retail Total | 21,750 | 21,750 | 56.01 | 1.32 | 0 | 0.00 | 0.00 |
| CA Sales Holdings Ltd. | 375,000 | 5,045,000 | 86.82 | 2.04 | 4,670,000 | 81.44 | 2.14 |
| KAL Group Ltd. | 225,000 | 2,625,000 | 109.20 | 2.57 | 2,400,000 | 100.90 | 2.65 |
| Mr Price Group Ltd. | 52,500 | 457,000 | 93.38 | 2.20 | 404,500 | 89.69 | 2.36 |
| Retailers Total | 652,500 | 8,127,000 | 289.40 | 6.81 | 7,474,500 | 272.03 | 7.15 |
| Applied Materials Incorporated | -3,500 | 30,000 | 106.26 | 2.50 | 33,500 | 109.12 | 2.87 |
| Microsoft Corporation | 0 | 5,800 | 51.58 | 1.21 | 5,800 | 51.14 | 1.34 |
| Taiwan Semiconductors | -2,500 | 64,000 | 302.94 | 7.13 | 66,500 | 270.94 | 7.12 |
| Tokyo Electron Ltd | 4,100 | 16,000 | 49.65 | 1.17 | 11,900 | 40.54 | 1.07 |
| Technology Total | -1,900 | 115,800 | 510.43 | 12.02 | 117,700 | 471.74 | 12.40 |
| Portfolio Total | 99,464,818 | 602,397,102 | 4,247.91 | 100.00 | 502,932,284 | 3,804.12 | 100.00 |