| | | |
| Security | Change | # Units | Value (Rm) | % Fund | # Units | Value (Rm) | % Fund |
| Absa Group Ltd. | -297 | 13,517 | 3.24 | 4.80 | 13,814 | 2.50 | 3.93 |
| Banks Total | -297 | 13,517 | 3.24 | 4.80 | 13,814 | 2.50 | 3.93 |
| Anheuser-Busch InBev SA/NV | -659 | 0 | 0.00 | 0.00 | 659 | 0.68 | 1.07 |
| Beverages Total | -659 | 0 | 0.00 | 0.00 | 659 | 0.68 | 1.07 |
| SA Bond CLN936 | 0 | 200,000 | 0.20 | 0.30 | 200,000 | 0.20 | 0.32 |
| SA Bond EL28 | 0 | 100,000 | 0.19 | 0.28 | 100,000 | 0.18 | 0.29 |
| SA Bond EL29 | 0 | 400,000 | 0.68 | 1.01 | 400,000 | 0.68 | 1.06 |
| SA Bond I2031 | 0 | 1,000,000 | 1.14 | 1.69 | 1,000,000 | 1.11 | 1.75 |
| SA Bond I2033 | 0 | 250,000 | 0.35 | 0.52 | 250,000 | 0.34 | 0.53 |
| SA Bond IVC297 | 0 | 250,000 | 0.27 | 0.39 | 250,000 | 0.27 | 0.42 |
| SA Bond R2032 | 700,000 | 700,000 | 0.73 | 1.09 | 0 | 0.00 | 0.00 |
| SA Bond R2035 | 0 | 1,000,000 | 1.07 | 1.59 | 1,000,000 | 0.99 | 1.56 |
| SA Bond R2037 | -1,500,000 | 500,000 | 0.52 | 0.76 | 2,000,000 | 1.87 | 2.95 |
| SA Bond R2040 | -1,100,000 | 2,650,000 | 2.76 | 4.09 | 3,750,000 | 3.49 | 5.50 |
| SA Bond R2044 | 1,500,000 | 1,500,000 | 1.50 | 2.22 | 0 | 0.00 | 0.00 |
| SA Bond R213 | -450,000 | 0 | 0.00 | 0.00 | 450,000 | 0.43 | 0.68 |
| SA Bond SBC055 | 0 | 500,000 | 0.53 | 0.78 | 500,000 | 0.51 | 0.80 |
| SA Bond TNI33 | 0 | 230,000 | 0.28 | 0.41 | 230,000 | 0.26 | 0.42 |
| Bond Total | -850,000 | 9,280,000 | 10.22 | 15.15 | 10,130,000 | 10.33 | 16.26 |
| iShares 0-3 Month Treasury Bond ETF | 4,900 | 4,900 | 0.41 | 0.60 | 0 | 0.00 | 0.00 |
| iShares Global Corporate Bond | 0 | 345 | 0.52 | 0.78 | 345 | 0.54 | 0.85 |
| iShares Global Government Bond | 0 | 607 | 0.92 | 1.37 | 607 | 0.96 | 1.51 |
| Bonds Total | 4,900 | 5,852 | 1.85 | 2.74 | 952 | 1.50 | 2.36 |
| Cash on call | 0 | 0 | 0.06 | 0.08 | 0 | 1.40 | 2.20 |
| Cash on call Total | 0 | 0 | 0.06 | 0.08 | 0 | 1.40 | 2.20 |
| ADvTECH Ltd. | -1,560 | 16,471 | 0.61 | 0.91 | 18,031 | 0.57 | 0.90 |
| Consumer Services Total | -1,560 | 16,471 | 0.61 | 0.91 | 18,031 | 0.57 | 0.90 |
| iShares Core S&P 500 ETF | 0 | 20 | 0.23 | 0.34 | 20 | 0.23 | 0.36 |
| iShares U.S. Treasury Bond ETF | 3,000 | 3,000 | 1.14 | 1.70 | 0 | 0.00 | 0.00 |
| Equities Total | 3,000 | 3,020 | 1.37 | 2.04 | 20 | 0.23 | 0.36 |
| Societe Generale | 0 | 380 | 0.51 | 0.75 | 380 | 0.44 | 0.69 |
| Financial Services Total | 0 | 380 | 0.51 | 0.75 | 380 | 0.44 | 0.69 |
| Sea Harvest Group Ltd. | 17,000 | 60,900 | 0.58 | 0.86 | 43,900 | 0.37 | 0.59 |
| Tiger Brands Ltd. | 0 | 2,458 | 0.90 | 1.33 | 2,458 | 0.76 | 1.19 |
| Food Producers Total | 17,000 | 63,358 | 1.48 | 2.19 | 46,358 | 1.13 | 1.78 |
| Australia - Currency | 0 | 0 | 0.00 | 0.00 | 0 | 0.00 | 0.00 |
| Denmark - Currency | 0 | 0 | 0.09 | 0.14 | 0 | 0.10 | 0.16 |
| European - Currency | 0 | 0 | 0.02 | 0.02 | 0 | 0.01 | 0.02 |
| Hong Kong - Currency | 0 | 0 | 0.00 | 0.00 | 0 | 0.00 | 0.00 |
| United Kingdom - Currency | 0 | 0 | 0.02 | 0.03 | 0 | 0.02 | 0.04 |
| USA - Currency | 0 | 0 | 0.07 | 0.10 | 0 | 0.73 | 1.15 |
| For Currency Total | 0 | 0 | 0.20 | 0.30 | 0 | 0.87 | 1.37 |
| Foreign - Bonds | 0 | 0 | 0.35 | 0.52 | 0 | 0.80 | 1.26 |
| Foreign Invest Total | 0 | 0 | 0.35 | 0.52 | 0 | 0.80 | 1.26 |
| Icade | 0 | 1,260 | 0.54 | 0.80 | 1,260 | 0.54 | 0.85 |
| Foreign Property Total | 0 | 1,260 | 0.54 | 0.80 | 1,260 | 0.54 | 0.85 |
| Schneider Electric SA | 0 | 53 | 0.24 | 0.36 | 53 | 0.25 | 0.40 |
| Goods & Services Total | 0 | 53 | 0.24 | 0.36 | 53 | 0.25 | 0.40 |
| AfroCentric Investment Corporation Ltd. | 0 | 82,680 | 0.11 | 0.16 | 82,680 | 0.14 | 0.22 |
| Health Care Providers Total | 0 | 82,680 | 0.11 | 0.16 | 82,680 | 0.14 | 0.22 |
| Old Mutual Corporate Income - M9 | 0 | 245 | 0.00 | 0.00 | 245 | 0.00 | 0.00 |
| Income Total | 0 | 245 | 0.00 | 0.00 | 245 | 0.00 | 0.00 |
| Anglo American plc | -81 | 147 | 0.10 | 0.15 | 228 | 0.15 | 0.23 |
| Industrial Metals and Mining Total | -81 | 147 | 0.10 | 0.15 | 228 | 0.15 | 0.23 |
| Invicta Holdings Ltd. | 2,000 | 30,507 | 1.13 | 1.67 | 28,507 | 1.05 | 1.66 |
| Industrial Support Services Total | 2,000 | 30,507 | 1.13 | 1.67 | 28,507 | 1.05 | 1.66 |
| Super Group Ltd. | 0 | 132,295 | 2.50 | 3.71 | 132,295 | 1.69 | 2.66 |
| Industrial Transportation Total | 0 | 132,295 | 2.50 | 3.71 | 132,295 | 1.69 | 2.66 |
| Legal & General | 0 | 6,720 | 0.39 | 0.58 | 6,720 | 0.37 | 0.58 |
| Insurance Total | 0 | 6,720 | 0.39 | 0.58 | 6,720 | 0.37 | 0.58 |
| Visio BCI Global Equity - C | 0 | 8,220,151 | 13.21 | 19.60 | 8,220,151 | 12.79 | 20.13 |
| International Total | 0 | 8,220,151 | 13.21 | 19.60 | 8,220,151 | 12.79 | 20.13 |
| Alexander Forbes Group Holdings Ltd. | 29,913 | 137,000 | 1.07 | 1.58 | 107,087 | 0.81 | 1.28 |
| Reinet Investments SCA | 0 | 3,084 | 1.79 | 2.65 | 3,084 | 1.56 | 2.45 |
| Sygnia Ltd. | 0 | 13,900 | 0.51 | 0.76 | 13,900 | 0.43 | 0.68 |
| Investment Banking and Brokerage Services Total | 29,913 | 153,984 | 3.37 | 4.99 | 124,071 | 2.80 | 4.41 |
| Momentum Group Ltd. | -3,479 | 51,684 | 1.98 | 2.93 | 55,163 | 1.82 | 2.86 |
| Old Mutual Ltd. | -3,297 | 150,310 | 2.24 | 3.32 | 153,607 | 2.04 | 3.22 |
| Life Insurance Total | -6,776 | 201,994 | 4.22 | 6.25 | 208,770 | 3.86 | 6.07 |
| Old Mutual Money Market - A | 0 | 0 | 0.00 | 0.00 | 0 | 0.03 | 0.04 |
| Money Market Total | 0 | 0 | 0.00 | 0.00 | 0 | 0.03 | 0.04 |
| iShares Core MSCI World UCITS ETF | 0 | 374 | 0.81 | 1.20 | 374 | 0.81 | 1.28 |
| Offshore Intern Total | 0 | 374 | 0.81 | 1.20 | 374 | 0.81 | 1.28 |
| Compagnie Financière Richemont SA | 0 | 139 | 0.50 | 0.75 | 139 | 0.45 | 0.72 |
| Personal Goods Total | 0 | 139 | 0.50 | 0.75 | 139 | 0.45 | 0.72 |
| AngloGold Ashanti plc | -62 | 2,831 | 4.06 | 6.02 | 2,893 | 3.44 | 5.41 |
| Northam Platinum Holdings Ltd. | -241 | 5,888 | 1.98 | 2.94 | 6,129 | 1.71 | 2.69 |
| Valterra Platinum Ltd. | -38 | 422 | 0.59 | 0.88 | 460 | 0.56 | 0.87 |
| Precious Metals and Mining Total | -341 | 9,141 | 6.64 | 9.84 | 9,482 | 5.71 | 8.98 |
| Visio BCI Global Property - B | -515,560 | 0 | 0.00 | 0.00 | 515,560 | 0.35 | 0.54 |
| Visio BCI SA Property - C | -9,264 | 0 | 0.00 | 0.00 | 9,264 | 0.01 | 0.02 |
| Property Total | -524,824 | 0 | 0.00 | 0.00 | 524,824 | 0.36 | 0.57 |
| NEPI Rockcastle NV | 3,200 | 11,521 | 1.68 | 2.49 | 8,321 | 1.15 | 1.81 |
| Real Estate Investment and Services Total | 3,200 | 11,521 | 1.68 | 2.49 | 8,321 | 1.15 | 1.81 |
| Fairvest Ltd. | 90,000 | 457,400 | 3.28 | 4.87 | 367,400 | 2.03 | 3.20 |
| Shaftesbury Capital plc | 0 | 0 | 0.00 | 0.00 | 0 | 0.00 | 0.00 |
| Real Estate Investment Trusts Total | 90,000 | 457,400 | 3.28 | 4.87 | 367,400 | 2.03 | 3.20 |
| Combined Motor Holdings Ltd. | 0 | 19,271 | 0.71 | 1.05 | 19,271 | 0.64 | 1.00 |
| Truworths International Ltd. | 12,000 | 12,000 | 0.68 | 1.01 | 0 | 0.00 | 0.00 |
| We Buy Cars Holdings Ltd. | 14,000 | 14,000 | 0.67 | 0.99 | 0 | 0.00 | 0.00 |
| Retailers Total | 26,000 | 45,271 | 2.06 | 3.06 | 19,271 | 0.64 | 1.00 |
| Prosus NV | -374 | 3,893 | 3.98 | 5.91 | 4,267 | 5.23 | 8.22 |
| Software and Computer Services Total | -374 | 3,893 | 3.98 | 5.91 | 4,267 | 5.23 | 8.22 |
| Amazon.Com | 0 | 100 | 0.38 | 0.57 | 100 | 0.38 | 0.60 |
| Hewlett-Packard | 0 | 980 | 0.39 | 0.58 | 980 | 0.41 | 0.65 |
| Meta Platforms Inc | 0 | 30 | 0.33 | 0.49 | 30 | 0.39 | 0.61 |
| Microsoft Corporation | 0 | 70 | 0.56 | 0.84 | 70 | 0.62 | 0.98 |
| Technology Total | 0 | 1,180 | 1.67 | 2.48 | 1,180 | 1.80 | 2.84 |
| MTN Group Ltd. | -2,065 | 4,200 | 0.71 | 1.06 | 6,265 | 0.88 | 1.38 |
| Telecommunications Service Providers Total | -2,065 | 4,200 | 0.71 | 1.06 | 6,265 | 0.88 | 1.38 |
| AES Corporation | 0 | 1,610 | 0.39 | 0.57 | 1,610 | 0.37 | 0.58 |
| Utility Suppliers Total | 0 | 1,610 | 0.39 | 0.57 | 1,610 | 0.37 | 0.58 |
| Portfolio Total | -1,210,964 | 18,747,363 | 67.43 | 100.00 | 19,958,327 | 63.55 | 100.00 |