| | | |
| Security | Change | # Units | Value (Rm) | % Fund | # Units | Value (Rm) | % Fund |
| Absa Group Ltd. | 178,392 | 1,725,090 | 412.19 | 5.45 | 1,546,698 | 370.22 | 5.46 |
| Capitec Bank Holdings Ltd. | 4,554 | 4,554 | 18.60 | 0.25 | 0 | 0.00 | 0.00 |
| FirstRand Ltd. | 7,358 | 985,973 | 86.91 | 1.15 | 978,615 | 88.81 | 1.31 |
| Investec Ltd. | 0 | 620,014 | 79.12 | 1.05 | 620,014 | 75.75 | 1.12 |
| Investec plc | 254,546 | 459,682 | 59.40 | 0.79 | 205,136 | 25.06 | 0.37 |
| Nedbank Group Ltd. | -127,426 | 0 | 0.00 | 0.00 | 127,426 | 33.93 | 0.50 |
| Standard Bank Group Ltd. | -102,177 | 852,147 | 256.91 | 3.40 | 954,324 | 277.14 | 4.09 |
| BANCO SANTANDER SA | 95,001 | 95,001 | 17.81 | 0.24 | 0 | 0.00 | 0.00 |
| Barclays Plc | 167,236 | 705,577 | 62.16 | 0.82 | 538,341 | 57.07 | 0.84 |
| National Bank of Greece S.A. | -70,977 | 121,286 | 31.35 | 0.41 | 192,263 | 48.78 | 0.72 |
| Nu Holdings Ltd | -139,551 | 232,150 | 53.36 | 0.71 | 371,701 | 103.77 | 1.53 |
| Piraeus Bank SA | 680,453 | 680,453 | 91.51 | 1.21 | 0 | 0.00 | 0.00 |
| Banks Total | 947,409 | 6,481,927 | 1,169.34 | 15.45 | 5,534,518 | 1,080.52 | 15.95 |
| Barrick Gold | -103,377 | 0 | 0.00 | 0.00 | 103,377 | 75.64 | 1.12 |
| Basic Resources Total | -103,377 | 0 | 0.00 | 0.00 | 103,377 | 75.64 | 1.12 |
| Anheuser-Busch InBev SA/NV | 61,842 | 61,842 | 72.86 | 0.96 | 0 | 0.00 | 0.00 |
| Beverages Total | 61,842 | 61,842 | 72.86 | 0.96 | 0 | 0.00 | 0.00 |
| SA Bond I2029 | 0 | 11,804,140 | 17.12 | 0.23 | 11,804,140 | 16.97 | 0.25 |
| SA Bond I2033 | 0 | 95,251,214 | 132.38 | 1.75 | 95,251,214 | 134.83 | 1.99 |
| SA Bond R187 | 0 | 15,233,334 | 16.01 | 0.21 | 15,233,334 | 15.76 | 0.23 |
| SA Bond R188 | 0 | 15,233,333 | 16.36 | 0.22 | 15,233,333 | 16.26 | 0.24 |
| SA Bond R2030 | 334,377,157 | 334,377,157 | 335.08 | 4.43 | 0 | 0.00 | 0.00 |
| SA Bond R2032 | 0 | 104,898,562 | 102.47 | 1.35 | 104,898,562 | 109.85 | 1.62 |
| Bond Total | 334,377,157 | 576,797,740 | 619.42 | 8.19 | 242,420,583 | 293.67 | 4.33 |
| Cash on call | 0 | 0 | 1,338.69 | 17.69 | 0 | 562.36 | 8.30 |
| Cash on call Total | 0 | 0 | 1,338.69 | 17.69 | 0 | 562.36 | 8.30 |
| Stadio Holdings Ltd. | 1,626,738 | 1,626,738 | 18.76 | 0.25 | 0 | 0.00 | 0.00 |
| Consumer Services Total | 1,626,738 | 1,626,738 | 18.76 | 0.25 | 0 | 0.00 | 0.00 |
| Alphabet Inc C | 0 | 13,215 | 61.41 | 0.81 | 13,215 | 68.75 | 1.01 |
| Imperial Brands plc | 0 | 56,196 | 39.26 | 0.52 | 56,196 | 39.04 | 0.58 |
| Tencent Holdings Ltd | 84,400 | 325,545 | 341.93 | 4.52 | 241,145 | 306.89 | 4.53 |
| Cyclical Goods & Services Total | 84,400 | 394,956 | 442.60 | 5.85 | 310,556 | 414.68 | 6.12 |
| 36ONE Global Fund Plc | 34,319 | 46,967 | 175.49 | 2.32 | 12,648 | 49.30 | 0.73 |
| SPDR Gold Trust ETF | -9,509 | 10,948 | 77.21 | 1.02 | 20,457 | 134.95 | 1.99 |
| SPDR S&P 500 ETF | -20,897 | 0 | 0.00 | 0.00 | 20,897 | 237.91 | 3.51 |
| Equities Total | 3,913 | 57,915 | 252.70 | 3.34 | 54,002 | 422.17 | 6.23 |
| 1nvestRhodium ETF | 0 | 27,142 | 39.35 | 0.52 | 27,142 | 38.00 | 0.56 |
| NewGold | 48,148 | 48,148 | 34.71 | 0.46 | 0 | 0.00 | 0.00 |
| Exchange Traded Funds Total | 48,148 | 75,290 | 74.05 | 0.98 | 27,142 | 38.00 | 0.56 |
| Channel VAS Investments Ltd. | -3,341,923 | 0 | 0.00 | 0.00 | 3,341,923 | 68.41 | 1.01 |
| Finance and Credit Services Total | -3,341,923 | 0 | 0.00 | 0.00 | 3,341,923 | 68.41 | 1.01 |
| ABN Amro Holding (Netherlands) | 63,258 | 147,974 | 78.54 | 1.04 | 84,716 | 49.03 | 0.72 |
| Abu Dhabi Commercial Bank | 488,321 | 488,321 | 29.38 | 0.39 | 0 | 0.00 | 0.00 |
| Bawag Group AG | 7,502 | 36,092 | 91.61 | 1.21 | 28,590 | 71.71 | 1.06 |
| BNP Paribas | 10,243 | 10,243 | 16.44 | 0.22 | 0 | 0.00 | 0.00 |
| Cme Group Incorporation | 0 | 3,441 | 17.42 | 0.23 | 3,441 | 15.70 | 0.23 |
| Corpay Inc | 0 | 5,256 | 25.96 | 0.34 | 5,256 | 26.52 | 0.39 |
| Eurobank Ergasias Services and Holdings SA | 412,713 | 412,713 | 26.92 | 0.36 | 0 | 0.00 | 0.00 |
| Mercadolibre Inc | -1,226 | 0 | 0.00 | 0.00 | 1,226 | 40.97 | 0.60 |
| Natwest Group PLC | 78,919 | 78,919 | 10.21 | 0.14 | 0 | 0.00 | 0.00 |
| Societe Generale | 26,455 | 52,154 | 63.44 | 0.84 | 25,699 | 34.39 | 0.51 |
| Financial Services Total | 1,086,185 | 1,235,113 | 359.92 | 4.76 | 148,928 | 238.32 | 3.51 |
| Astral Foods Ltd. | -13,095 | 270,526 | 68.96 | 0.91 | 283,621 | 75.64 | 1.12 |
| AVI Ltd. | -13,016 | 1,891,438 | 196.12 | 2.59 | 1,904,454 | 200.92 | 2.97 |
| Food Producers Total | -26,111 | 2,161,964 | 265.08 | 3.50 | 2,188,075 | 276.56 | 4.08 |
| Canada - Currency | 0 | 0 | 0.03 | 0.00 | 0 | 0.03 | 0.00 |
| European - Currency | 0 | 0 | 39.31 | 0.52 | 0 | 47.11 | 0.70 |
| Foreign - Currency | 0 | 0 | 0.97 | 0.01 | 0 | 0.95 | 0.01 |
| Hong Kong - Currency | 0 | 0 | 0.01 | 0.00 | 0 | 0.03 | 0.00 |
| Sweden - Currency | 0 | 0 | 0.00 | 0.00 | 0 | 0.00 | 0.00 |
| United Kingdom - Currency | 0 | 0 | 12.66 | 0.17 | 0 | 3.40 | 0.05 |
| USA - Currency | 0 | 0 | 258.94 | 3.42 | 0 | 89.74 | 1.32 |
| For Currency Total | 0 | 0 | 311.92 | 4.12 | 0 | 141.26 | 2.08 |
| Foreign - Bonds | 0 | 0 | 291.47 | 3.85 | 0 | 281.80 | 4.16 |
| Foreign - Equities | 159,974 | 159,974 | 104.64 | 1.38 | 0 | 247.42 | 3.65 |
| Foreign Invest Total | 159,974 | 159,974 | 396.11 | 5.23 | 0 | 529.22 | 7.81 |
| Vonovia | -38,991 | 0 | 0.00 | 0.00 | 38,991 | 18.60 | 0.27 |
| Welltower Incorporated | 0 | 30,420 | 101.07 | 1.34 | 30,420 | 94.58 | 1.40 |
| Foreign Property Total | -38,991 | 30,420 | 101.07 | 1.34 | 69,411 | 113.18 | 1.67 |
| Glencore plc | 0 | 1,811,807 | 231.13 | 3.05 | 1,811,807 | 165.15 | 2.44 |
| Industrial Metals and Mining Total | 0 | 1,811,807 | 231.13 | 3.05 | 1,811,807 | 165.15 | 2.44 |
| Grindrod Ltd. | 0 | 6,676,945 | 122.86 | 1.62 | 6,676,945 | 113.51 | 1.68 |
| Industrial Transportation Total | 0 | 6,676,945 | 122.86 | 1.62 | 6,676,945 | 113.51 | 1.68 |
| Ing Groep | -36,874 | 169,292 | 73.43 | 0.97 | 206,166 | 96.28 | 1.42 |
| Insurance Total | -36,874 | 169,292 | 73.43 | 0.97 | 206,166 | 96.28 | 1.42 |
| 36ONE BCI Global Equity FF - C | 0 | 69,213,681 | 131.46 | 1.74 | 69,213,681 | 135.90 | 2.01 |
| International Total | 0 | 69,213,681 | 131.46 | 1.74 | 69,213,681 | 135.90 | 2.01 |
| Coronation Fund Managers Ltd. | 794,433 | 794,433 | 34.97 | 0.46 | 0 | 0.00 | 0.00 |
| Hosken Consolidated Investments Ltd. | 0 | 67,638 | 11.21 | 0.15 | 67,638 | 10.55 | 0.16 |
| Reinet Investments SCA | -38,510 | 130,147 | 71.16 | 0.94 | 168,657 | 97.82 | 1.44 |
| Remgro Ltd. | 0 | 838,438 | 157.45 | 2.08 | 838,438 | 152.27 | 2.25 |
| Investment Banking and Brokerage Services Total | 755,923 | 1,830,656 | 274.79 | 3.63 | 1,074,733 | 260.64 | 3.85 |
| Discovery Ltd. | -296,373 | 0 | 0.00 | 0.00 | 296,373 | 67.45 | 1.00 |
| Life Insurance Total | -296,373 | 0 | 0.00 | 0.00 | 296,373 | 67.45 | 1.00 |
| Money Market Instrument | -1,077,765 | 0 | 45.46 | 0.60 | 1,077,765 | 1.08 | 0.02 |
| Money Market Total | -1,077,765 | 0 | 45.46 | 0.60 | 1,077,765 | 1.08 | 0.02 |
| OUTsurance Group Ltd. | 0 | 526,073 | 36.55 | 0.48 | 526,073 | 37.70 | 0.56 |
| Non-life Insurance Total | 0 | 526,073 | 36.55 | 0.48 | 526,073 | 37.70 | 0.56 |
| Bid Corporation Ltd. | 211,141 | 544,111 | 222.59 | 2.94 | 332,970 | 140.47 | 2.07 |
| Clicks Group Ltd. | -337,441 | 0 | 0.00 | 0.00 | 337,441 | 113.57 | 1.68 |
| Shoprite Holdings Ltd. | 71,164 | 71,164 | 19.79 | 0.26 | 0 | 0.00 | 0.00 |
| Personal Care, Drug and Grocery Stores Total | -55,136 | 615,275 | 242.39 | 3.20 | 670,411 | 254.04 | 3.75 |
| AngloGold Ashanti plc | -62,749 | 0 | 0.00 | 0.00 | 62,749 | 89.93 | 1.33 |
| Gold Fields Ltd. | -156,961 | 0 | 0.00 | 0.00 | 156,961 | 113.91 | 1.68 |
| Harmony Gold Mining Company Ltd. | -57,167 | 216,501 | 54.83 | 0.72 | 273,668 | 92.25 | 1.36 |
| Impala Platinum Holdings Ltd. | -407,464 | 203,309 | 47.91 | 0.63 | 610,773 | 160.02 | 2.36 |
| Northam Platinum Holdings Ltd. | 180,000 | 232,403 | 78.68 | 1.04 | 52,403 | 17.67 | 0.26 |
| Valterra Platinum Ltd. | -28,469 | 113,599 | 156.68 | 2.07 | 142,068 | 200.25 | 2.96 |
| Precious Metals and Mining Total | -532,810 | 765,812 | 338.10 | 4.47 | 1,298,622 | 674.03 | 9.95 |
| Netcare Ltd. | 0 | 267,096 | 25.11 | 0.33 | 267,096 | 25.69 | 0.38 |
| Preference Shares Total | 0 | 267,096 | 25.11 | 0.33 | 267,096 | 25.69 | 0.38 |
| NEPI Rockcastle NV | -117,531 | 366,833 | 49.89 | 0.66 | 484,364 | 70.64 | 1.04 |
| Real Estate Investment and Services Total | -117,531 | 366,833 | 49.89 | 0.66 | 484,364 | 70.64 | 1.04 |
| Fairvest Ltd. | 0 | 8,371,239 | 53.41 | 0.71 | 8,371,239 | 60.11 | 0.89 |
| Spear REIT Ltd. | 0 | 4,492,811 | 54.59 | 0.72 | 4,492,811 | 53.06 | 0.78 |
| Real Estate Investment Trusts Total | 0 | 12,864,050 | 108.00 | 1.43 | 12,864,050 | 113.17 | 1.67 |
| Visa Inc | 0 | 7,503 | 38.23 | 0.51 | 7,503 | 43.88 | 0.65 |
| Retail Total | 0 | 7,503 | 38.23 | 0.51 | 7,503 | 43.88 | 0.65 |
| Naspers Ltd. | -10,657 | 84,443 | 72.42 | 0.96 | 95,100 | 105.04 | 1.55 |
| Prosus NV | 16,460 | 124,595 | 95.21 | 1.26 | 108,135 | 110.68 | 1.63 |
| Software and Computer Services Total | 5,803 | 209,038 | 167.63 | 2.22 | 203,235 | 215.72 | 3.18 |
| Amazon.Com | 0 | 17,205 | 58.82 | 0.78 | 17,205 | 66.16 | 0.98 |
| Microsoft Corporation | 0 | 6,987 | 42.67 | 0.56 | 6,987 | 56.33 | 0.83 |
| Nvidia Corporation | 23,115 | 23,115 | 64.95 | 0.86 | 0 | 0.00 | 0.00 |
| Wise PLC | 55,443 | 55,443 | 11.37 | 0.15 | 0 | 0.00 | 0.00 |
| Technology Total | 78,558 | 102,750 | 177.81 | 2.35 | 24,192 | 122.49 | 1.81 |
| MTN Group Ltd. | -101,382 | 241,104 | 46.56 | 0.62 | 342,486 | 58.05 | 0.86 |
| Telecommunications Service Providers Total | -101,382 | 241,104 | 46.56 | 0.62 | 342,486 | 58.05 | 0.86 |
| British American Tobacco plc | -30,554 | 0 | 0.00 | 0.00 | 30,554 | 29.17 | 0.43 |
| Tobacco Total | -30,554 | 0 | 0.00 | 0.00 | 30,554 | 29.17 | 0.43 |
| Famous Brands Ltd. | 0 | 692,299 | 34.92 | 0.46 | 692,299 | 37.02 | 0.55 |
| Travel and Leisure Total | 0 | 692,299 | 34.92 | 0.46 | 692,299 | 37.02 | 0.55 |
| Portfolio Total | 333,477,223 | 685,444,093 | 7,566.82 | 100.00 | 351,966,870 | 6,775.60 | 100.00 |