| | | |
| Security | Change | # Units | Value (Rm) | % Fund | # Units | Value (Rm) | % Fund |
| Renault Sociètè Anonyme | 3,331 | 95,010 | 71.10 | 0.85 | 91,679 | 85.44 | 1.08 |
| Auto Total | 3,331 | 95,010 | 71.10 | 0.85 | 91,679 | 85.44 | 1.08 |
| Absa Group Ltd. | -538,546 | 1,897,851 | 332.12 | 3.95 | 2,436,397 | 387.80 | 4.92 |
| FirstRand Ltd. | 1,408,826 | 2,960,497 | 246.40 | 2.93 | 1,551,671 | 117.94 | 1.50 |
| Investec Ltd. | 430,283 | 1,991,808 | 261.52 | 3.11 | 1,561,525 | 205.28 | 2.61 |
| Nedbank Group Ltd. | 215,461 | 1,138,392 | 341.98 | 4.07 | 922,931 | 236.07 | 3.00 |
| Standard Bank Group Ltd. | -146,364 | 1,799,279 | 436.95 | 5.20 | 1,945,643 | 410.69 | 5.21 |
| Banks Total | 1,369,660 | 9,787,827 | 1,618.99 | 19.27 | 8,418,167 | 1,357.78 | 17.24 |
| Freeport-McMoran C&G | 14,804 | 148,467 | 131.18 | 1.56 | 133,663 | 117.49 | 1.49 |
| Basic Resources Total | 14,804 | 148,467 | 131.18 | 1.56 | 133,663 | 117.49 | 1.49 |
| SA Bond AGT06 | 0 | 15,000,000 | 15.41 | 0.18 | 15,000,000 | 15.41 | 0.20 |
| Bond Total | 0 | 15,000,000 | 15.41 | 0.18 | 15,000,000 | 15.41 | 0.20 |
| Cash on call | 0 | 0 | 48.34 | 0.58 | 0 | 171.33 | 2.17 |
| Cash on call Total | 0 | 0 | 48.34 | 0.58 | 0 | 171.33 | 2.17 |
| AECI Ltd. | -610,593 | 0 | 0.00 | 0.00 | 610,593 | 65.72 | 0.83 |
| Chemicals Total | -610,593 | 0 | 0.00 | 0.00 | 610,593 | 65.72 | 0.83 |
| Accor SA | -39,535 | 108,665 | 82.97 | 0.99 | 148,200 | 109.95 | 1.40 |
| Alphabet Inc C | -25,564 | 72,765 | 207.00 | 2.46 | 98,329 | 334.24 | 4.24 |
| Booking Holdings | -96 | 628 | 45.91 | 0.55 | 724 | 52.81 | 0.67 |
| Capri Holdings | -68,396 | 0 | 0.00 | 0.00 | 68,396 | 40.39 | 0.51 |
| Flutter Entertainment | 2,350 | 18,530 | 76.17 | 0.91 | 16,180 | 53.95 | 0.68 |
| Hilton Worldwide Holdings Inc | -11,932 | 0 | 0.00 | 0.00 | 11,932 | 46.68 | 0.59 |
| TripAdvisor LLC | -93,347 | 0 | 0.00 | 0.00 | 93,347 | 29.67 | 0.38 |
| Cyclical Goods & Services Total | -236,520 | 200,588 | 412.06 | 4.91 | 437,108 | 667.68 | 8.48 |
| Reunert Ltd. | 391,572 | 2,362,828 | 190.80 | 2.27 | 1,971,256 | 139.55 | 1.77 |
| Electronic and Electrical Equipment Total | 391,572 | 2,362,828 | 190.80 | 2.27 | 1,971,256 | 139.55 | 1.77 |
| British Petrolium Amoco | -265,423 | 0 | 0.00 | 0.00 | 265,423 | 29.17 | 0.37 |
| Exxon Mobil Corporation | -14,539 | 0 | 0.00 | 0.00 | 14,539 | 30.39 | 0.39 |
| Royal Dutch Shell Plc - A | -155,911 | 0 | 0.00 | 0.00 | 155,911 | 101.91 | 1.29 |
| Energy Total | -435,873 | 0 | 0.00 | 0.00 | 435,873 | 161.47 | 2.05 |
| Carlsberg | 11,663 | 29,199 | 60.76 | 0.72 | 17,536 | 38.45 | 0.49 |
| iShares Core MSCI Europe | 16,590 | 133,595 | 83.81 | 1.00 | 117,005 | 73.22 | 0.93 |
| iShares MSCI Japan Small Cap Index Fund | -42,441 | 0 | 0.00 | 0.00 | 42,441 | 54.64 | 0.69 |
| iShares Russell 2000 ETF | -489 | 23,943 | 90.79 | 1.08 | 24,432 | 89.81 | 1.14 |
| LeGrand Schneider | 39,812 | 39,812 | 79.47 | 0.95 | 0 | 0.00 | 0.00 |
| Equities Total | 25,135 | 226,549 | 314.82 | 3.74 | 201,414 | 256.12 | 3.25 |
| BNP Paribas | 53,472 | 53,472 | 63.42 | 0.76 | 0 | 0.00 | 0.00 |
| Financial Services Total | 53,472 | 53,472 | 63.42 | 0.76 | 0 | 0.00 | 0.00 |
| Heineken Holding NV | 13,902 | 13,902 | 21.34 | 0.25 | 0 | 0.00 | 0.00 |
| Food & Beverage Total | 13,902 | 13,902 | 21.34 | 0.25 | 0 | 0.00 | 0.00 |
| Sea Harvest Group Ltd. | 0 | 1,126,200 | 9.74 | 0.12 | 1,126,200 | 9.11 | 0.12 |
| Food Producers Total | 0 | 1,126,200 | 9.74 | 0.12 | 1,126,200 | 9.11 | 0.12 |
| Australia - Currency | 0 | 0 | 7.83 | 0.09 | 0 | 8.14 | 0.10 |
| Canada - Currency | 0 | 0 | 0.07 | 0.00 | 0 | 0.07 | 0.00 |
| Denmark - Currency | 0 | 0 | -21.88 | -0.26 | 0 | 0.01 | 0.00 |
| European - Currency | 0 | 0 | -21.98 | -0.26 | 0 | 14.60 | 0.19 |
| Sweden - Currency | 0 | 0 | 0.03 | 0.00 | 0 | 0.03 | 0.00 |
| Switzerland - Currency | 0 | 0 | 0.00 | 0.00 | 0 | 0.00 | 0.00 |
| United Kingdom - Currency | 0 | 0 | 21.85 | 0.26 | 0 | 15.09 | 0.19 |
| USA - Currency | 0 | 0 | 196.66 | 2.34 | 0 | 39.24 | 0.50 |
| For Currency Total | 0 | 0 | 182.59 | 2.17 | 0 | 77.17 | 0.98 |
| Foreign - Bonds | 0 | 0 | 146.99 | 1.75 | 0 | 178.38 | 2.26 |
| Foreign - Equities | 0 | 0 | 129.07 | 1.54 | 0 | 146.72 | 1.86 |
| Foreign - Unit Trusts | 0 | 0 | 287.28 | 3.42 | 0 | 0.00 | 0.00 |
| Foreign Invest Total | 0 | 0 | 563.34 | 6.71 | 0 | 325.10 | 4.13 |
| Goodman Group | 0 | 25,000 | 11.02 | 0.13 | 25,000 | 10.58 | 0.13 |
| Ingenia Communities | 0 | 1,090,175 | 65.37 | 0.78 | 1,090,175 | 63.22 | 0.80 |
| Foreign Property Total | 0 | 1,115,175 | 76.39 | 0.91 | 1,115,175 | 73.80 | 0.94 |
| Nexans SA | 24,592 | 24,592 | 62.37 | 0.74 | 0 | 0.00 | 0.00 |
| Prysmian Spa | -7,504 | 57,233 | 71.73 | 0.85 | 64,737 | 72.74 | 0.92 |
| Schneider Electric SA | -16,483 | 0 | 0.00 | 0.00 | 16,483 | 71.82 | 0.91 |
| Smurfit Kappa Group | 34,268 | 96,084 | 82.89 | 0.99 | 61,816 | 50.24 | 0.64 |
| Goods & Services Total | 34,873 | 177,909 | 216.99 | 2.58 | 143,036 | 194.80 | 2.47 |
| AstraZeneca | 13,670 | 13,670 | 36.67 | 0.44 | 0 | 0.00 | 0.00 |
| Novo-Nordisk A/S | 0 | 19,230 | 38.95 | 0.46 | 19,230 | 50.67 | 0.64 |
| Healthcare Total | 13,670 | 32,900 | 75.62 | 0.90 | 19,230 | 50.67 | 0.64 |
| Anglo American plc | -119,674 | 0 | 0.00 | 0.00 | 119,674 | 69.18 | 0.88 |
| Industrial Metals and Mining Total | -119,674 | 0 | 0.00 | 0.00 | 119,674 | 69.18 | 0.88 |
| Hudaco Industries Ltd. | 0 | 143,409 | 27.83 | 0.33 | 143,409 | 24.25 | 0.31 |
| Industrial Support Services Total | 0 | 143,409 | 27.83 | 0.33 | 143,409 | 24.25 | 0.31 |
| Super Group Ltd. | -1,353,273 | 1,340,283 | 32.68 | 0.39 | 2,693,556 | 76.50 | 0.97 |
| Industrial Transportation Total | -1,353,273 | 1,340,283 | 32.68 | 0.39 | 2,693,556 | 76.50 | 0.97 |
| Ing Groep | 151,101 | 392,037 | 122.58 | 1.46 | 240,936 | 74.32 | 0.94 |
| Insurance Total | 151,101 | 392,037 | 122.58 | 1.46 | 240,936 | 74.32 | 0.94 |
| 36ONE BCI Global Equity FF - C | 0 | 253,530,591 | 400.00 | 4.76 | 253,530,591 | 398.42 | 5.06 |
| International Total | 0 | 253,530,591 | 400.00 | 4.76 | 253,530,591 | 398.42 | 5.06 |
| Quilter plc | 4,020,111 | 4,020,111 | 123.58 | 1.47 | 0 | 0.00 | 0.00 |
| Remgro Ltd. | -192,156 | 0 | 0.00 | 0.00 | 192,156 | 26.51 | 0.34 |
| Investment Banking and Brokerage Services Total | 3,827,955 | 4,020,111 | 123.58 | 1.47 | 192,156 | 26.51 | 0.34 |
| Discovery Ltd. | 437,096 | 437,096 | 75.21 | 0.90 | 0 | 0.00 | 0.00 |
| Life Insurance Total | 437,096 | 437,096 | 75.21 | 0.90 | 0 | 0.00 | 0.00 |
| Bid Corporation Ltd. | 2,735 | 487,400 | 217.54 | 2.59 | 484,665 | 206.24 | 2.62 |
| Shoprite Holdings Ltd. | -516,585 | 0 | 0.00 | 0.00 | 516,585 | 146.86 | 1.86 |
| The SPAR Group Ltd. | 674,233 | 674,233 | 93.02 | 1.11 | 0 | 0.00 | 0.00 |
| Personal Care, Drug and Grocery Stores Total | 160,383 | 1,161,633 | 310.57 | 3.70 | 1,001,250 | 353.10 | 4.48 |
| Aspen Pharmacare Holdings Ltd. | -55,746 | 422,066 | 82.25 | 0.98 | 477,812 | 111.98 | 1.42 |
| Pharmaceuticals and Biotechnology Total | -55,746 | 422,066 | 82.25 | 0.98 | 477,812 | 111.98 | 1.42 |
| AngloGold Ashanti plc | 99,128 | 625,747 | 291.87 | 3.47 | 526,619 | 243.41 | 3.09 |
| Gold Fields Ltd. | 70,520 | 955,395 | 261.64 | 3.11 | 884,875 | 246.23 | 3.13 |
| Pan African Resources plc | -700,000 | 17,088,011 | 124.57 | 1.48 | 17,788,011 | 106.37 | 1.35 |
| Precious Metals and Mining Total | -530,352 | 18,669,153 | 678.09 | 8.07 | 19,199,505 | 596.01 | 7.57 |
| MAS plc | -3,517,842 | 2,183,639 | 40.05 | 0.48 | 5,701,481 | 93.16 | 1.18 |
| NEPI Rockcastle NV | -148,269 | 1,823,422 | 267.13 | 3.18 | 1,971,691 | 259.26 | 3.29 |
| Real Estate Investment and Services Total | -3,666,111 | 4,007,061 | 307.18 | 3.66 | 7,673,172 | 352.42 | 4.47 |
| Attacq Ltd. | 1,586,967 | 1,586,967 | 20.92 | 0.25 | 0 | 0.00 | 0.00 |
| Growthpoint Properties Ltd. | -2,807,859 | 3,420,986 | 47.89 | 0.57 | 6,228,845 | 75.90 | 0.96 |
| Sirius Real Estate Ltd. | 69,951 | 2,637,515 | 59.16 | 0.70 | 2,567,564 | 56.87 | 0.72 |
| Vukile Property Fund Ltd. | 679,174 | 5,645,519 | 103.60 | 1.23 | 4,966,345 | 79.17 | 1.01 |
| Real Estate Investment Trusts Total | -471,767 | 13,290,987 | 231.56 | 2.76 | 13,762,754 | 211.94 | 2.69 |
| Diageo | -61,817 | 0 | 0.00 | 0.00 | 61,817 | 35.46 | 0.45 |
| JD Sports Fashion PLC | 766,554 | 4,416,885 | 157.31 | 1.87 | 3,650,331 | 100.85 | 1.28 |
| Pandora | 11,330 | 19,082 | 53.72 | 0.64 | 7,752 | 21.28 | 0.27 |
| TJX Companies Incorporated | 17,993 | 17,993 | 36.39 | 0.43 | 0 | 0.00 | 0.00 |
| Visa Inc | -12,143 | 0 | 0.00 | 0.00 | 12,143 | 58.89 | 0.75 |
| Retail Total | 721,917 | 4,453,960 | 247.41 | 2.95 | 3,732,043 | 216.48 | 2.75 |
| Pepkor Holdings Ltd. | -3,178,677 | 0 | 0.00 | 0.00 | 3,178,677 | 59.66 | 0.76 |
| Retailers Total | -3,178,677 | 0 | 0.00 | 0.00 | 3,178,677 | 59.66 | 0.76 |
| Naspers Ltd. | 7,431 | 97,318 | 411.44 | 4.90 | 89,887 | 320.95 | 4.07 |
| Prosus NV | 73,350 | 268,623 | 203.51 | 2.42 | 195,273 | 126.72 | 1.61 |
| Software and Computer Services Total | 80,781 | 365,941 | 614.95 | 7.32 | 285,160 | 447.68 | 5.68 |
| Leonardo SpA | -107,430 | 0 | 0.00 | 0.00 | 107,430 | 45.25 | 0.57 |
| Specialist Securities Total | -107,430 | 0 | 0.00 | 0.00 | 107,430 | 45.25 | 0.57 |
| Amazon.Com | 18,790 | 50,767 | 164.24 | 1.96 | 31,977 | 115.09 | 1.46 |
| Broadcom Corporation | 13,108 | 17,266 | 51.32 | 0.61 | 4,158 | 120.01 | 1.52 |
| Meta Platforms Inc | 927 | 23,618 | 230.62 | 2.75 | 22,691 | 214.46 | 2.72 |
| Micron Technology | -29,385 | 0 | 0.00 | 0.00 | 29,385 | 70.68 | 0.90 |
| Microsoft Corporation | 2,566 | 32,920 | 242.50 | 2.89 | 30,354 | 250.05 | 3.17 |
| Oracle Corporation | 15,523 | 34,334 | 99.71 | 1.19 | 18,811 | 47.97 | 0.61 |
| Technology Total | 21,529 | 158,905 | 788.39 | 9.39 | 137,376 | 818.27 | 10.39 |
| MultiChoice Group Ltd. | 318,585 | 2,313,663 | 255.15 | 3.04 | 1,995,078 | 212.04 | 2.69 |
| Telecommunications Service Providers Total | 318,585 | 2,313,663 | 255.15 | 3.04 | 1,995,078 | 212.04 | 2.69 |
| Famous Brands Ltd. | 734,077 | 734,077 | 46.46 | 0.55 | 0 | 0.00 | 0.00 |
| Travel and Leisure Total | 734,077 | 734,077 | 46.46 | 0.55 | 0 | 0.00 | 0.00 |
| Engie SA | 87,949 | 146,906 | 43.68 | 0.52 | 58,957 | 15.29 | 0.19 |
| Utility Suppliers Total | 87,949 | 146,906 | 43.68 | 0.52 | 58,957 | 15.29 | 0.19 |
| Portfolio Total | -2,304,224 | 335,928,706 | 8,399.69 | 100.00 | 338,232,930 | 7,877.91 | 100.00 |