| | | |
| Security | Change | # Units | Value (Rm) | % Fund | # Units | Value (Rm) | % Fund |
| Absa Group Ltd. | -53,995 | 1,871,702 | 338.67 | 5.49 | 1,925,697 | 338.34 | 6.13 |
| Capitec Bank Holdings Ltd. | 0 | 13,417 | 46.56 | 0.75 | 13,417 | 47.71 | 0.86 |
| FirstRand Ltd. | 2,082,862 | 2,445,327 | 190.34 | 3.08 | 362,465 | 27.63 | 0.50 |
| Investec Ltd. | 19,573 | 647,579 | 82.99 | 1.34 | 628,006 | 83.05 | 1.51 |
| Investec plc | 326,361 | 326,361 | 41.94 | 0.68 | 0 | 0.00 | 0.00 |
| Nedbank Group Ltd. | 218,721 | 218,721 | 46.82 | 0.76 | 0 | 0.00 | 0.00 |
| Standard Bank Group Ltd. | 400,228 | 627,551 | 148.27 | 2.40 | 227,323 | 51.76 | 0.94 |
| National Bank of Greece S.A. | -74,951 | 240,727 | 60.29 | 0.98 | 315,678 | 71.40 | 1.29 |
| Nu Holdings Ltd | 0 | 253,354 | 69.84 | 1.13 | 253,354 | 59.68 | 1.08 |
| Standard Chartered Plc | -48,718 | 0 | 0.00 | 0.00 | 48,718 | 14.32 | 0.26 |
| Banks Total | 2,870,081 | 6,644,739 | 1,025.71 | 16.61 | 3,774,658 | 693.89 | 12.58 |
| Barrick Gold | 103,377 | 103,377 | 59.21 | 0.96 | 0 | 0.00 | 0.00 |
| Basic Resources Total | 103,377 | 103,377 | 59.21 | 0.96 | 0 | 0.00 | 0.00 |
| Anheuser-Busch InBev SA/NV | -86,307 | 0 | 0.00 | 0.00 | 86,307 | 105.20 | 1.91 |
| Beverages Total | -86,307 | 0 | 0.00 | 0.00 | 86,307 | 105.20 | 1.91 |
| SA Bond I2029 | 0 | 11,804,140 | 16.54 | 0.27 | 11,804,140 | 16.23 | 0.29 |
| SA Bond I2033 | 0 | 95,251,214 | 127.69 | 2.07 | 95,251,214 | 123.38 | 2.24 |
| SA Bond INLV06 | -15,000,000 | 0 | 0.00 | 0.00 | 15,000,000 | 15.54 | 0.28 |
| SA Bond NGT1G | -10,000,000 | 0 | 0.00 | 0.00 | 10,000,000 | 10.27 | 0.19 |
| SA Bond R186 | 0 | 45,700,000 | 48.63 | 0.79 | 45,700,000 | 47.56 | 0.86 |
| SA Bond R2032 | 0 | 104,898,562 | 103.56 | 1.68 | 104,898,562 | 102.35 | 1.85 |
| SA Bond R2035 | -206,032,395 | 0 | -0.02 | 0.00 | 206,032,395 | 198.60 | 3.60 |
| Bond Total | -231,032,395 | 257,653,916 | 296.40 | 4.80 | 488,686,311 | 513.95 | 9.31 |
| Cash on call | 0 | 0 | 267.11 | 4.33 | 0 | 137.23 | 2.49 |
| Cash on call Total | 0 | 0 | 267.11 | 4.33 | 0 | 137.23 | 2.49 |
| AECI Ltd. | -66,770 | 209,750 | 20.38 | 0.33 | 276,520 | 29.35 | 0.53 |
| Chemicals Total | -66,770 | 209,750 | 20.38 | 0.33 | 276,520 | 29.35 | 0.53 |
| Stadio Holdings Ltd. | 0 | 2,321,622 | 24.38 | 0.39 | 2,321,622 | 20.31 | 0.37 |
| Consumer Services Total | 0 | 2,321,622 | 24.38 | 0.39 | 2,321,622 | 20.31 | 0.37 |
| Alphabet Inc C | 17,180 | 31,800 | 134.30 | 2.18 | 14,620 | 46.34 | 0.84 |
| Flutter Entertainment | 0 | 2,574 | 12.52 | 0.20 | 2,574 | 12.85 | 0.23 |
| Imperial Brands plc | 0 | 56,196 | 40.99 | 0.66 | 56,196 | 39.21 | 0.71 |
| Tencent Holdings Ltd | 4,300 | 172,345 | 253.79 | 4.11 | 168,045 | 191.44 | 3.47 |
| Cyclical Goods & Services Total | 21,480 | 262,915 | 441.59 | 7.15 | 241,435 | 289.84 | 5.25 |
| 36ONE Global Fund Plc | 0 | 12,648 | 49.86 | 0.81 | 12,648 | 45.49 | 0.82 |
| iShares Russell 2000 ETF | 14,219 | 14,219 | 59.38 | 0.96 | 0 | 0.00 | 0.00 |
| SPDR Gold Shares | 5,396 | 20,457 | 124.61 | 2.02 | 15,061 | 80.66 | 1.46 |
| SPDR S&P 500 ETF | 0 | 20,231 | 232.50 | 3.77 | 20,231 | 221.62 | 4.02 |
| Equities Total | 19,615 | 67,555 | 466.35 | 7.55 | 47,940 | 347.77 | 6.30 |
| ABN Amro Holding (Netherlands) | 84,716 | 84,716 | 46.64 | 0.76 | 0 | 0.00 | 0.00 |
| Bawag Group AG | 4,045 | 25,055 | 57.18 | 0.93 | 21,010 | 46.82 | 0.85 |
| Cme Group Incorporation | 3,441 | 3,441 | 16.19 | 0.26 | 0 | 0.00 | 0.00 |
| Corpay Inc | 5,256 | 5,256 | 26.87 | 0.44 | 0 | 0.00 | 0.00 |
| Financial Services Total | 97,458 | 118,468 | 146.89 | 2.38 | 21,010 | 46.82 | 0.85 |
| Astral Foods Ltd. | 283,621 | 283,621 | 58.81 | 0.95 | 0 | 0.00 | 0.00 |
| AVI Ltd. | 646,705 | 646,705 | 63.71 | 1.03 | 0 | 0.00 | 0.00 |
| Food Producers Total | 930,326 | 930,326 | 122.52 | 1.98 | 0 | 0.00 | 0.00 |
| Canada - Currency | 0 | 0 | 0.03 | 0.00 | 0 | 1.68 | 0.03 |
| European - Currency | 0 | 0 | 28.67 | 0.46 | 0 | -9.21 | -0.17 |
| Hong Kong - Currency | 0 | 0 | 0.03 | 0.00 | 0 | 16.83 | 0.31 |
| Sweden - Currency | 0 | 0 | 0.00 | 0.00 | 0 | 0.00 | 0.00 |
| United Kingdom - Currency | 0 | 0 | 138.68 | 2.25 | 0 | 187.67 | 3.40 |
| USA - Currency | 0 | 0 | 1.50 | 0.02 | 0 | 222.02 | 4.02 |
| For Currency Total | 0 | 0 | 168.91 | 2.74 | 0 | 419.00 | 7.59 |
| Foreign - Bonds | 0 | 0 | 296.55 | 4.80 | 0 | 332.03 | 6.02 |
| Foreign - Equities | 0 | 0 | 135.92 | 2.20 | 0 | 142.94 | 2.59 |
| Foreign Invest Total | 0 | 0 | 432.47 | 7.01 | 0 | 474.97 | 8.61 |
| Vonovia | 0 | 38,991 | 20.83 | 0.34 | 38,991 | 24.45 | 0.44 |
| Welltower Incorporated | 0 | 30,420 | 92.63 | 1.50 | 30,420 | 82.28 | 1.49 |
| Foreign Property Total | 0 | 69,411 | 113.46 | 1.84 | 69,411 | 106.73 | 1.93 |
| The Bidvest Group Ltd. | -14,029 | 0 | 0.00 | 0.00 | 14,029 | 3.30 | 0.06 |
| General Industrials Total | -14,029 | 0 | 0.00 | 0.00 | 14,029 | 3.30 | 0.06 |
| Eli Lilly & Company | -826 | 0 | 0.00 | 0.00 | 826 | 11.39 | 0.21 |
| Healthcare Total | -826 | 0 | 0.00 | 0.00 | 826 | 11.39 | 0.21 |
| Anglo American plc | -8,805 | 60,690 | 39.15 | 0.63 | 69,495 | 36.19 | 0.66 |
| Glencore plc | 0 | 1,099,894 | 88.00 | 1.43 | 1,099,894 | 76.32 | 1.38 |
| Industrial Metals and Mining Total | -8,805 | 1,160,584 | 127.15 | 2.06 | 1,169,389 | 112.51 | 2.04 |
| Grindrod Ltd. | 1,624,752 | 7,246,774 | 109.43 | 1.77 | 5,622,022 | 70.73 | 1.28 |
| Industrial Transportation Total | 1,624,752 | 7,246,774 | 109.43 | 1.77 | 5,622,022 | 70.73 | 1.28 |
| Ing Groep | -6,560 | 206,166 | 92.33 | 1.50 | 212,726 | 82.00 | 1.49 |
| Insurance Total | -6,560 | 206,166 | 92.33 | 1.50 | 212,726 | 82.00 | 1.49 |
| 36ONE BCI Global Equity FF - C | 0 | 69,213,681 | 135.80 | 2.20 | 69,213,681 | 124.92 | 2.26 |
| International Total | 0 | 69,213,681 | 135.80 | 2.20 | 69,213,681 | 124.92 | 2.26 |
| Coronation Fund Managers Ltd. | -787,941 | 0 | 0.00 | 0.00 | 787,941 | 31.07 | 0.56 |
| Hosken Consolidated Investments Ltd. | 0 | 67,638 | 8.40 | 0.14 | 67,638 | 8.70 | 0.16 |
| Reinet Investments SCA | 140,202 | 168,657 | 85.25 | 1.38 | 28,455 | 16.36 | 0.30 |
| Remgro Ltd. | -88,390 | 838,438 | 141.59 | 2.29 | 926,828 | 145.97 | 2.65 |
| Investment Banking and Brokerage Services Total | -736,129 | 1,074,733 | 235.24 | 3.81 | 1,810,862 | 202.10 | 3.66 |
| Discovery Ltd. | 0 | 559,903 | 110.79 | 1.79 | 559,903 | 120.59 | 2.19 |
| Life Insurance Total | 0 | 559,903 | 110.79 | 1.79 | 559,903 | 120.59 | 2.19 |
| Abacus Technology Holdings Ltd | -133,154 | 0 | 0.00 | 0.00 | 133,154 | 64.06 | 1.16 |
| eMedia Holdings Ltd. | 351,808 | 351,808 | 0.61 | 0.01 | 0 | 0.00 | 0.00 |
| Media Total | 218,654 | 351,808 | 0.61 | 0.01 | 133,154 | 64.06 | 1.16 |
| Money Market - 3 months duration | 14,150,000 | 14,150,000 | 13.93 | 0.23 | 0 | 0.00 | 0.00 |
| Money Market Instrument | 0 | 0 | 1.06 | 0.02 | 0 | 1.04 | 0.02 |
| Money Market Total | 14,150,000 | 14,150,000 | 14.99 | 0.24 | 0 | 1.04 | 0.02 |
| Bid Corporation Ltd. | 134,925 | 332,970 | 143.84 | 2.33 | 198,045 | 93.52 | 1.69 |
| Clicks Group Ltd. | 0 | 154,213 | 54.59 | 0.88 | 154,213 | 57.42 | 1.04 |
| The SPAR Group Ltd. | -25,269 | 607,922 | 58.78 | 0.95 | 633,191 | 68.25 | 1.24 |
| Personal Care, Drug and Grocery Stores Total | 109,656 | 1,095,105 | 257.21 | 4.17 | 985,449 | 219.18 | 3.97 |
| Adcock Ingram Holdings Ltd. | 0 | 192,841 | 13.88 | 0.22 | 192,841 | 9.81 | 0.18 |
| Pharmaceuticals and Biotechnology Total | 0 | 192,841 | 13.88 | 0.22 | 192,841 | 9.81 | 0.18 |
| AngloGold Ashanti plc | -122,071 | 108,238 | 128.74 | 2.09 | 230,309 | 183.70 | 3.33 |
| Gold Fields Ltd. | -61,622 | 193,564 | 138.81 | 2.25 | 255,186 | 106.12 | 1.92 |
| Harmony Gold Mining Company Ltd. | 347,520 | 347,520 | 106.71 | 1.73 | 0 | 0.00 | 0.00 |
| Impala Platinum Holdings Ltd. | 560,227 | 560,227 | 121.95 | 1.98 | 0 | 0.00 | 0.00 |
| Valterra Platinum Ltd. | 116,173 | 116,173 | 140.34 | 2.27 | 0 | 0.00 | 0.00 |
| Precious Metals and Mining Total | 840,227 | 1,325,722 | 636.55 | 10.31 | 485,495 | 289.82 | 5.25 |
| Netcare Ltd. | 0 | 267,096 | 25.37 | 0.41 | 267,096 | 23.72 | 0.43 |
| Preference Shares Total | 0 | 267,096 | 25.37 | 0.41 | 267,096 | 23.72 | 0.43 |
| MAS plc | -1,403,251 | 0 | 0.00 | 0.00 | 1,403,251 | 34.20 | 0.62 |
| NEPI Rockcastle NV | -472,001 | 745,593 | 102.84 | 1.67 | 1,217,594 | 165.02 | 2.99 |
| Real Estate Investment and Services Total | -1,875,252 | 745,593 | 102.84 | 1.67 | 2,620,845 | 199.22 | 3.61 |
| Fairvest Ltd. | 10,633,638 | 10,633,638 | 58.80 | 0.95 | 0 | 0.00 | 0.00 |
| Spear REIT Ltd. | 0 | 5,181,848 | 53.11 | 0.86 | 5,181,848 | 52.85 | 0.96 |
| Vukile Property Fund Ltd. | -2,546,555 | 628,897 | 13.12 | 0.21 | 3,175,452 | 62.33 | 1.13 |
| Real Estate Investment Trusts Total | 8,087,083 | 16,444,383 | 125.04 | 2.03 | 8,357,300 | 115.19 | 2.09 |
| Visa Inc | 0 | 7,503 | 44.11 | 0.71 | 7,503 | 46.50 | 0.84 |
| Retail Total | 0 | 7,503 | 44.11 | 0.71 | 7,503 | 46.50 | 0.84 |
| Pepkor Holdings Ltd. | 2,698,217 | 2,698,217 | 66.05 | 1.07 | 0 | 0.00 | 0.00 |
| Retailers Total | 2,698,217 | 2,698,217 | 66.05 | 1.07 | 0 | 0.00 | 0.00 |
| Naspers Ltd. | -18,506 | 7,726 | 48.69 | 0.79 | 26,232 | 145.38 | 2.63 |
| Prosus NV | -59,663 | 112,151 | 137.36 | 2.23 | 171,814 | 170.15 | 3.08 |
| Software and Computer Services Total | -78,169 | 119,877 | 186.04 | 3.01 | 198,046 | 315.54 | 5.72 |
| Adyen N.V. | -862 | 0 | 0.00 | 0.00 | 862 | 28.00 | 0.51 |
| Amazon.Com | 0 | 14,646 | 56.24 | 0.91 | 14,646 | 58.15 | 1.05 |
| Meta Platforms Inc | 0 | 1,174 | 15.08 | 0.24 | 1,174 | 15.31 | 0.28 |
| Microsoft Corporation | 0 | 6,987 | 62.14 | 1.01 | 6,987 | 61.61 | 1.12 |
| Oracle Corporation | 0 | 4,753 | 23.23 | 0.38 | 4,753 | 17.77 | 0.32 |
| Western Digital Corporation | 17,398 | 17,398 | 35.10 | 0.57 | 0 | 0.00 | 0.00 |
| Technology Total | 16,536 | 44,958 | 191.79 | 3.11 | 28,422 | 180.83 | 3.28 |
| MTN Group Ltd. | -37,191 | 342,486 | 48.04 | 0.78 | 379,677 | 53.63 | 0.97 |
| Telecommunications Service Providers Total | -37,191 | 342,486 | 48.04 | 0.78 | 379,677 | 53.63 | 0.97 |
| British American Tobacco plc | -38,924 | 30,554 | 27.83 | 0.45 | 69,478 | 59.38 | 1.08 |
| Tobacco Total | -38,924 | 30,554 | 27.83 | 0.45 | 69,478 | 59.38 | 1.08 |
| Famous Brands Ltd. | 255,903 | 692,299 | 37.10 | 0.60 | 436,396 | 27.15 | 0.49 |
| Travel and Leisure Total | 255,903 | 692,299 | 37.10 | 0.60 | 436,396 | 27.15 | 0.49 |
| Portfolio Total | -201,937,992 | 386,352,362 | 6,173.55 | 100.00 | 588,290,354 | 5,517.65 | 100.00 |