| | | |
| Security | Change | # Units | Value (Rm) | % Fund | # Units | Value (Rm) | % Fund |
| Bayerische Motoren Werke AG | 0 | 65,000 | 100.63 | 1.34 | 65,000 | 98.86 | 1.34 |
| Brilliance China Automotive Holdings Limited | -6,600,000 | 0 | 0.00 | 0.00 | 6,600,000 | 44.04 | 0.60 |
| Auto Total | -6,600,000 | 65,000 | 100.63 | 1.34 | 6,665,000 | 142.90 | 1.93 |
| Absa Group Ltd. | 0 | 1,792,400 | 340.11 | 4.52 | 1,792,400 | 313.67 | 4.24 |
| FirstRand Ltd. | 1,208,400 | 3,400,000 | 258.26 | 3.43 | 2,191,600 | 182.41 | 2.47 |
| Sberbank | 0 | 0 | 13.64 | 0.18 | 0 | 15.01 | 0.20 |
| Banks Total | 1,208,400 | 5,192,400 | 612.01 | 8.13 | 3,984,000 | 511.09 | 6.91 |
| SA Bond R2030 | -73,333,976 | 73,000,000 | 72.41 | 0.96 | 146,333,976 | 143.38 | 1.94 |
| SA Bond R2032 | 83,900,000 | 233,929,481 | 221.56 | 2.94 | 150,029,481 | 140.77 | 1.90 |
| SA Bond R2035 | 39,700,000 | 393,400,000 | 370.02 | 4.91 | 353,700,000 | 330.30 | 4.46 |
| SA Bond R2037 | 127,500,000 | 127,500,000 | 112.83 | 1.50 | 0 | 0.00 | 0.00 |
| Bond Total | 177,766,024 | 827,829,481 | 776.82 | 10.32 | 650,063,457 | 614.46 | 8.30 |
| Fidelity Institutional Liquidity Fund (EUR) | 68 | 455 | 130.40 | 1.73 | 387 | 108.00 | 1.46 |
| Fidelity Institutional Liquidity Fund (USD) | -84 | 0 | 0.25 | 0.00 | 84 | 44.87 | 0.61 |
| Fidelity USD Fund | -321 | 2 | 0.65 | 0.01 | 323 | 112.40 | 1.52 |
| Cash Total | -337 | 457 | 131.30 | 1.74 | 794 | 265.27 | 3.59 |
| Cash on call | 0 | 0 | 61.92 | 0.82 | 0 | 95.89 | 1.30 |
| Cash on call Total | 0 | 0 | 61.92 | 0.82 | 0 | 95.89 | 1.30 |
| Sasol Ltd. | 0 | 1,317,381 | 109.70 | 1.46 | 1,317,381 | 153.24 | 2.07 |
| Chemicals Total | 0 | 1,317,381 | 109.70 | 1.46 | 1,317,381 | 153.24 | 2.07 |
| PPC Ltd. | -4,129,434 | 31,540,000 | 162.43 | 2.16 | 35,669,434 | 140.18 | 1.89 |
| Wilson Bayly Holmes - Ovcon Ltd. | 0 | 810,000 | 188.95 | 2.51 | 810,000 | 187.52 | 2.53 |
| Construction and Materials Total | -4,129,434 | 32,350,000 | 351.38 | 4.67 | 36,479,434 | 327.70 | 4.43 |
| Trip.com Group Ltd | 0 | 155,000 | 200.57 | 2.66 | 155,000 | 163.58 | 2.21 |
| Consumer Services Total | 0 | 155,000 | 200.57 | 2.66 | 155,000 | 163.58 | 2.21 |
| Flutter Entertainment | 0 | 56,800 | 278.15 | 3.69 | 56,800 | 233.50 | 3.16 |
| Koninklijke Philips N.V. | 0 | 425,000 | 203.93 | 2.71 | 425,000 | 240.13 | 3.25 |
| Cyclical Goods & Services Total | 0 | 481,800 | 482.08 | 6.40 | 481,800 | 473.63 | 6.40 |
| Daqo New Energy Corp | -255,000 | 0 | 0.00 | 0.00 | 255,000 | 86.06 | 1.16 |
| Royal Dutch Shell Plc - A | -258,000 | 0 | 0.00 | 0.00 | 258,000 | 146.15 | 1.98 |
| Energy Total | -513,000 | 0 | 0.00 | 0.00 | 513,000 | 232.21 | 3.14 |
| EXOR S.p.A | 0 | 192,500 | 334.87 | 4.45 | 192,500 | 353.47 | 4.78 |
| Financial Services Total | 0 | 192,500 | 334.87 | 4.45 | 192,500 | 353.47 | 4.78 |
| Associated British Foods | 380,000 | 380,000 | 189.71 | 2.52 | 0 | 0.00 | 0.00 |
| Food & Beverage Total | 380,000 | 380,000 | 189.71 | 2.52 | 0 | 0.00 | 0.00 |
| European - Currency | 0 | 0 | 2.37 | 0.03 | 0 | 9.68 | 0.13 |
| Hong Kong - Currency | 0 | 0 | 0.00 | 0.00 | 0 | 0.00 | 0.00 |
| United Kingdom - Currency | 0 | 0 | 2.86 | 0.04 | 0 | 0.04 | 0.00 |
| USA - Currency | 0 | 0 | 105.91 | 1.41 | 0 | 0.64 | 0.01 |
| For Currency Total | 0 | 0 | 111.14 | 1.48 | 0 | 10.35 | 0.14 |
| Foreign - Equities | 52,000 | 52,000 | 81.07 | 1.08 | 0 | 82.19 | 1.11 |
| Foreign Invest Total | 52,000 | 52,000 | 81.07 | 1.08 | 0 | 82.19 | 1.11 |
| Centaur BCI SA Equity - A1 | 0 | 58,061,635 | 71.77 | 0.95 | 58,061,635 | 72.34 | 0.98 |
| Equity | 4,758,570 | 4,758,570 | 0.05 | 0.00 | 0 | 0.05 | 0.00 |
| General Equity Total | 4,758,570 | 62,820,205 | 71.82 | 0.95 | 58,061,635 | 72.39 | 0.98 |
| Netcare Ltd. | 0 | 15,000,000 | 223.80 | 2.97 | 15,000,000 | 230.70 | 3.12 |
| Health Care Providers Total | 0 | 15,000,000 | 223.80 | 2.97 | 15,000,000 | 230.70 | 3.12 |
| Fairtree BCI Income Plus - F | 469,410 | 201,371,895 | 252.76 | 3.36 | 200,902,485 | 246.13 | 3.33 |
| Income Total | 469,410 | 201,371,895 | 252.76 | 3.36 | 200,902,485 | 246.13 | 3.33 |
| African Rainbow Minerals Ltd. | 47,868 | 1,366,068 | 205.44 | 2.73 | 1,318,200 | 246.67 | 3.33 |
| Anglo American plc | -90,000 | 0 | 0.00 | 0.00 | 90,000 | 50.58 | 0.68 |
| BHP Group Ltd. | 0 | 37,900 | 17.45 | 0.23 | 37,900 | 20.40 | 0.28 |
| Merafe Resources Ltd. | -24,149,492 | 0 | 0.00 | 0.00 | 24,149,492 | 36.71 | 0.50 |
| Industrial Metals and Mining Total | -24,191,624 | 1,403,968 | 222.89 | 2.96 | 25,595,592 | 354.36 | 4.79 |
| JSE Ltd. | 660,000 | 660,000 | 79.68 | 1.06 | 0 | 0.00 | 0.00 |
| Remgro Ltd. | 600,000 | 1,715,000 | 266.00 | 3.53 | 1,115,000 | 175.77 | 2.38 |
| Investment Banking and Brokerage Services Total | 1,260,000 | 2,375,000 | 345.67 | 4.59 | 1,115,000 | 175.77 | 2.38 |
| Momentum Group Ltd. | -516,310 | 7,400,000 | 223.92 | 2.97 | 7,916,310 | 233.93 | 3.16 |
| Old Mutual Ltd. | -2,400,000 | 11,500,000 | 143.87 | 1.91 | 13,900,000 | 190.71 | 2.58 |
| Life Insurance Total | -2,916,310 | 18,900,000 | 367.79 | 4.88 | 21,816,310 | 424.63 | 5.74 |
| eMedia Holdings Ltd. | 0 | 3,766,214 | 13.56 | 0.18 | 3,766,214 | 11.86 | 0.16 |
| Media Total | 0 | 3,766,214 | 13.56 | 0.18 | 3,766,214 | 11.86 | 0.16 |
| 0 | 0 | 0.00 | 0.00 | 0 | 70.22 | 0.95 |
| Money Market - 2 months duration | 0 | 0 | 0.00 | 0.00 | 0 | 158.32 | 2.14 |
| Money Market - 9 months duration | 0 | 0 | 71.68 | 0.95 | 0 | 0.00 | 0.00 |
| Allan Gray Money Market - A | 4,225,390 | 61,238,075 | 61.89 | 0.82 | 57,012,685 | 57.55 | 0.78 |
| Coronation Money Market - P | 4,173,834 | 61,550,531 | 62.18 | 0.83 | 57,376,697 | 57.90 | 0.78 |
| Momentum Money Market - C1 | 4,242,446 | 61,135,101 | 61.81 | 0.82 | 56,892,655 | 57.42 | 0.78 |
| Ninety One Money Market - B | 4,187,216 | 61,215,483 | 61.87 | 0.82 | 57,028,267 | 57.55 | 0.78 |
| Money Market Total | 16,828,886 | 245,139,190 | 319.44 | 4.24 | 228,310,304 | 458.96 | 6.20 |
| OUTsurance Group Ltd. | -487,210 | 3,300,000 | 219.45 | 2.91 | 3,787,210 | 223.63 | 3.02 |
| Non-life Insurance Total | -487,210 | 3,300,000 | 219.45 | 2.91 | 3,787,210 | 223.63 | 3.02 |
| Bid Corporation Ltd. | 0 | 405,000 | 174.38 | 2.32 | 405,000 | 180.76 | 2.44 |
| Boxer Retail Ltd. | 1,471,000 | 1,471,000 | 94.73 | 1.26 | 0 | 0.00 | 0.00 |
| Personal Care, Drug and Grocery Stores Total | 1,471,000 | 1,876,000 | 269.11 | 3.57 | 405,000 | 180.76 | 2.44 |
| Compagnie Financière Richemont SA | 0 | 29,000 | 80.50 | 1.07 | 29,000 | 79.06 | 1.07 |
| Personal Goods Total | 0 | 29,000 | 80.50 | 1.07 | 29,000 | 79.06 | 1.07 |
| Adcock Ingram Holdings Ltd. | 0 | 401,794 | 26.92 | 0.36 | 401,794 | 28.61 | 0.39 |
| Aspen Pharmacare Holdings Ltd. | 0 | 1,475,000 | 243.15 | 3.23 | 1,475,000 | 287.43 | 3.88 |
| Pharmaceuticals and Biotechnology Total | 0 | 1,876,794 | 270.07 | 3.59 | 1,876,794 | 316.04 | 4.27 |
| Northam Platinum Holdings Ltd. | 879,000 | 879,000 | 85.62 | 1.14 | 0 | 0.00 | 0.00 |
| Precious Metals and Mining Total | 879,000 | 879,000 | 85.62 | 1.14 | 0 | 0.00 | 0.00 |
| Absa Bank Ltd. | 0 | 39,055 | 34.06 | 0.45 | 39,055 | 32.69 | 0.44 |
| Standard Bank Group Ltd. | 0 | 384,089 | 36.10 | 0.48 | 384,089 | 35.03 | 0.47 |
| Preference Shares Total | 0 | 423,144 | 70.16 | 0.93 | 423,144 | 67.72 | 0.92 |
| Truworths International Ltd. | -500,000 | 2,851,769 | 295.47 | 3.92 | 3,351,769 | 366.75 | 4.96 |
| Retailers Total | -500,000 | 2,851,769 | 295.47 | 3.92 | 3,351,769 | 366.75 | 4.96 |
| Prosus NV | 53,000 | 650,000 | 486.88 | 6.47 | 597,000 | 452.29 | 6.11 |
| Software and Computer Services Total | 53,000 | 650,000 | 486.88 | 6.47 | 597,000 | 452.29 | 6.11 |
| Delivery Hero | 147,000 | 147,000 | 78.14 | 1.04 | 0 | 0.00 | 0.00 |
| Dell Technologies Inc | -10,900 | 100,000 | 216.55 | 2.88 | 110,900 | 229.46 | 3.10 |
| Microsoft Corporation | 12,000 | 12,000 | 96.15 | 1.28 | 0 | 0.00 | 0.00 |
| Technology Total | 148,100 | 259,000 | 390.85 | 5.19 | 110,900 | 229.46 | 3.10 |
| British American Tobacco plc | -128,000 | 0 | 0.00 | 0.00 | 128,000 | 82.36 | 1.11 |
| Tobacco Total | -128,000 | 0 | 0.00 | 0.00 | 128,000 | 82.36 | 1.11 |
| Portfolio Total | 165,808,475 | 1,430,937,198 | 7,529.05 | 100.00 | 1,265,128,723 | 7,398.85 | 100.00 |