| | | |
| Security | Change | # Units | Value (Rm) | % Fund | # Units | Value (Rm) | % Fund |
| Bayerische Motoren Werke AG | 15,000 | 80,000 | 125.92 | 1.62 | 65,000 | 94.77 | 1.29 |
| Auto Total | 15,000 | 80,000 | 125.92 | 1.62 | 65,000 | 94.77 | 1.29 |
| Absa Group Ltd. | 487,600 | 2,255,000 | 396.20 | 5.09 | 1,767,400 | 311.77 | 4.24 |
| FirstRand Ltd. | 1,250,000 | 5,750,000 | 438.27 | 5.63 | 4,500,000 | 323.64 | 4.40 |
| Sberbank | 0 | 0 | 18.43 | 0.24 | 0 | 17.59 | 0.24 |
| Banks Total | 1,737,600 | 8,005,000 | 852.90 | 10.96 | 6,267,400 | 653.00 | 8.88 |
| SA Bond R2030 | 0 | 73,000,000 | 74.24 | 0.95 | 73,000,000 | 70.90 | 0.96 |
| SA Bond R2032 | 0 | 233,929,481 | 228.24 | 2.93 | 233,929,481 | 215.32 | 2.93 |
| SA Bond R2035 | 0 | 393,400,000 | 379.21 | 4.87 | 393,400,000 | 355.35 | 4.83 |
| SA Bond R2037 | 0 | 127,500,000 | 115.48 | 1.48 | 127,500,000 | 107.86 | 1.47 |
| Bond Total | 0 | 827,829,481 | 797.18 | 10.25 | 827,829,481 | 749.42 | 10.19 |
| Fidelity Institutional Liquidity Fund (EUR) | -266 | 1 | 0.29 | 0.00 | 267 | 78.03 | 1.06 |
| Fidelity Institutional Liquidity Fund (GBP) | 0 | 0 | 0.27 | 0.00 | 0 | 0.26 | 0.00 |
| Fidelity Institutional Liquidity Fund (USD) | 2 | 2 | 0.62 | 0.01 | 0 | 0.00 | 0.00 |
| Fidelity USD Fund | -2 | 0 | 0.00 | 0.00 | 2 | 0.64 | 0.01 |
| Cash Total | -266 | 3 | 1.18 | 0.02 | 269 | 78.93 | 1.07 |
| Cash on call | 0 | 0 | 115.17 | 1.48 | 0 | 94.36 | 1.28 |
| Cash on call Total | 0 | 0 | 115.17 | 1.48 | 0 | 94.36 | 1.28 |
| Sasol Ltd. | -105,000 | 1,500,000 | 120.50 | 1.55 | 1,605,000 | 122.45 | 1.66 |
| Chemicals Total | -105,000 | 1,500,000 | 120.50 | 1.55 | 1,605,000 | 122.45 | 1.66 |
| PPC Ltd. | 0 | 32,975,986 | 171.15 | 2.20 | 32,975,986 | 154.00 | 2.09 |
| Wilson Bayly Holmes - Ovcon Ltd. | -107,911 | 695,289 | 128.05 | 1.65 | 803,200 | 146.80 | 2.00 |
| Construction and Materials Total | -107,911 | 33,671,275 | 299.20 | 3.85 | 33,779,186 | 300.80 | 4.09 |
| ADvTECH Ltd. | 22,959 | 22,959 | 0.75 | 0.01 | 0 | 0.00 | 0.00 |
| Trip.com Group Ltd | 0 | 155,000 | 161.68 | 2.08 | 155,000 | 179.48 | 2.44 |
| Consumer Services Total | 22,959 | 177,959 | 162.43 | 2.09 | 155,000 | 179.48 | 2.44 |
| Flutter Entertainment | -3,400 | 53,400 | 266.51 | 3.43 | 56,800 | 233.59 | 3.18 |
| Koninklijke Philips N.V. | 17,981 | 442,981 | 189.86 | 2.44 | 425,000 | 196.11 | 2.67 |
| Cyclical Goods & Services Total | 14,581 | 496,381 | 456.37 | 5.87 | 481,800 | 429.69 | 5.84 |
| EXOR S.p.A | 13,489 | 205,989 | 366.58 | 4.71 | 192,500 | 321.57 | 4.37 |
| Financial Services Total | 13,489 | 205,989 | 366.58 | 4.71 | 192,500 | 321.57 | 4.37 |
| Associated British Foods | 0 | 380,000 | 192.49 | 2.47 | 380,000 | 172.72 | 2.35 |
| Food & Beverage Total | 0 | 380,000 | 192.49 | 2.47 | 380,000 | 172.72 | 2.35 |
| European - Currency | 0 | 0 | 3.64 | 0.05 | 0 | 0.94 | 0.01 |
| Hong Kong - Currency | 0 | 0 | 0.00 | 0.00 | 0 | 0.00 | 0.00 |
| United Kingdom - Currency | 0 | 0 | 0.13 | 0.00 | 0 | 9.14 | 0.12 |
| USA - Currency | 0 | 0 | 1.21 | 0.02 | 0 | 1.54 | 0.02 |
| For Currency Total | 0 | 0 | 4.98 | 0.06 | 0 | 11.63 | 0.16 |
| Foreign - Equities | 119,000 | 119,000 | 258.14 | 3.32 | 0 | 196.82 | 2.68 |
| Foreign Invest Total | 119,000 | 119,000 | 258.14 | 3.32 | 0 | 196.82 | 2.68 |
| Centaur BCI SA Equity - A1 | 0 | 59,174,001 | 76.34 | 0.98 | 59,174,001 | 72.68 | 0.99 |
| Equity | 4,758,570 | 4,758,570 | 0.05 | 0.00 | 0 | 0.05 | 0.00 |
| General Equity Total | 4,758,570 | 63,932,571 | 76.39 | 0.98 | 59,174,001 | 72.73 | 0.99 |
| Stellantis N.V. | 450,000 | 450,000 | 81.22 | 1.04 | 0 | 0.00 | 0.00 |
| Goods & Services Total | 450,000 | 450,000 | 81.22 | 1.04 | 0 | 0.00 | 0.00 |
| Netcare Ltd. | 0 | 15,000,000 | 209.55 | 2.69 | 15,000,000 | 197.25 | 2.68 |
| Health Care Providers Total | 0 | 15,000,000 | 209.55 | 2.69 | 15,000,000 | 197.25 | 2.68 |
| Fairtree BCI Income Plus - F | -50,536,023 | 154,736,809 | 197.38 | 2.54 | 205,272,832 | 258.77 | 3.52 |
| Income Total | -50,536,023 | 154,736,809 | 197.38 | 2.54 | 205,272,832 | 258.77 | 3.52 |
| African Rainbow Minerals Ltd. | -100,000 | 1,394,068 | 239.88 | 3.08 | 1,494,068 | 221.64 | 3.01 |
| BHP Group Ltd. | 0 | 37,900 | 16.13 | 0.21 | 37,900 | 16.57 | 0.23 |
| Industrial Metals and Mining Total | -100,000 | 1,431,968 | 256.01 | 3.29 | 1,531,968 | 238.21 | 3.24 |
| JSE Ltd. | 0 | 689,460 | 91.88 | 1.18 | 689,460 | 85.76 | 1.17 |
| Remgro Ltd. | -298,000 | 1,182,000 | 186.15 | 2.39 | 1,480,000 | 230.33 | 3.13 |
| Investment Banking and Brokerage Services Total | -298,000 | 1,871,460 | 278.03 | 3.57 | 2,169,460 | 316.09 | 4.30 |
| Momentum Group Ltd. | 17,000 | 7,417,000 | 254.92 | 3.28 | 7,400,000 | 234.36 | 3.19 |
| Old Mutual Ltd. | 1,600,000 | 16,100,000 | 193.20 | 2.48 | 14,500,000 | 173.13 | 2.35 |
| Life Insurance Total | 1,617,000 | 23,517,000 | 448.12 | 5.76 | 21,900,000 | 407.49 | 5.54 |
| eMedia Holdings Ltd. | 0 | 3,766,214 | 9.42 | 0.12 | 3,766,214 | 11.75 | 0.16 |
| Media Total | 0 | 3,766,214 | 9.42 | 0.12 | 3,766,214 | 11.75 | 0.16 |
| Money Market - 3 months duration | 0 | 0 | 74.54 | 0.96 | 0 | 0.00 | 0.00 |
| Money Market - 6 months duration | 0 | 0 | 0.00 | 0.00 | 0 | 73.12 | 0.99 |
| Allan Gray Money Market - A | -31,996,174 | 27,534,701 | 27.72 | 0.36 | 59,530,875 | 59.81 | 0.81 |
| Coronation Money Market - P | -32,012,138 | 27,803,422 | 27.98 | 0.36 | 59,815,560 | 60.09 | 0.82 |
| Momentum Money Market - C1 | -31,996,694 | 27,454,967 | 27.64 | 0.36 | 59,451,661 | 59.73 | 0.81 |
| Ninety One Money Market - B | -32,018,366 | 27,480,310 | 27.66 | 0.36 | 59,498,676 | 59.77 | 0.81 |
| Money Market Total | -128,023,372 | 110,273,400 | 185.54 | 2.38 | 238,296,772 | 312.51 | 4.25 |
| OUTsurance Group Ltd. | -884,885 | 2,100,115 | 164.52 | 2.11 | 2,985,000 | 208.35 | 2.83 |
| Non-life Insurance Total | -884,885 | 2,100,115 | 164.52 | 2.11 | 2,985,000 | 208.35 | 2.83 |
| Bid Corporation Ltd. | -45,000 | 405,000 | 191.24 | 2.46 | 450,000 | 197.93 | 2.69 |
| Boxer Retail Ltd. | -1,176,000 | 0 | 0.00 | 0.00 | 1,176,000 | 82.59 | 1.12 |
| Personal Care, Drug and Grocery Stores Total | -1,221,000 | 405,000 | 191.24 | 2.46 | 1,626,000 | 280.52 | 3.81 |
| Compagnie Financière Richemont SA | 167 | 29,167 | 97.18 | 1.25 | 29,000 | 92.63 | 1.26 |
| Personal Goods Total | 167 | 29,167 | 97.18 | 1.25 | 29,000 | 92.63 | 1.26 |
| Adcock Ingram Holdings Ltd. | 0 | 401,794 | 20.44 | 0.26 | 401,794 | 19.69 | 0.27 |
| Aspen Pharmacare Holdings Ltd. | 290,000 | 1,930,000 | 230.75 | 2.97 | 1,640,000 | 266.63 | 3.62 |
| Pharmaceuticals and Biotechnology Total | 290,000 | 2,331,794 | 251.19 | 3.23 | 2,041,794 | 286.32 | 3.89 |
| Northam Platinum Holdings Ltd. | -550,000 | 0 | 0.00 | 0.00 | 550,000 | 73.54 | 1.00 |
| Valterra Platinum Ltd. | 114,000 | 114,000 | 90.22 | 1.16 | 0 | 0.00 | 0.00 |
| Precious Metals and Mining Total | -436,000 | 114,000 | 90.22 | 1.16 | 550,000 | 73.54 | 1.00 |
| Absa Bank Ltd. | 0 | 24,535 | 23.31 | 0.30 | 24,535 | 20.17 | 0.27 |
| Standard Bank Group Ltd. | 0 | 357,310 | 35.30 | 0.45 | 357,310 | 32.52 | 0.44 |
| Preference Shares Total | 0 | 381,845 | 58.61 | 0.75 | 381,845 | 52.68 | 0.72 |
| Truworths International Ltd. | 650,000 | 3,650,000 | 259.99 | 3.34 | 3,000,000 | 218.28 | 2.97 |
| Retailers Total | 650,000 | 3,650,000 | 259.99 | 3.34 | 3,000,000 | 218.28 | 2.97 |
| Prosus NV | 501 | 586,301 | 580.64 | 7.46 | 585,800 | 493.17 | 6.70 |
| Software and Computer Services Total | 501 | 586,301 | 580.64 | 7.46 | 585,800 | 493.17 | 6.70 |
| Adobe Systems | 9,000 | 9,000 | 61.74 | 0.79 | 0 | 0.00 | 0.00 |
| Delivery Hero | 0 | 401,500 | 193.66 | 2.49 | 401,500 | 177.29 | 2.41 |
| Dell Technologies Inc | 5,000 | 105,000 | 231.47 | 2.97 | 100,000 | 169.68 | 2.31 |
| Microsoft Corporation | 0 | 12,000 | 105.81 | 1.36 | 12,000 | 83.57 | 1.14 |
| Technology Total | 14,000 | 527,500 | 592.67 | 7.62 | 513,500 | 430.54 | 5.85 |
| Portfolio Total | -172,009,590 | 1,257,570,232 | 7,780.93 | 100.00 | 1,429,579,822 | 7,356.46 | 100.00 |