| | | |
| Security | Change | # Units | Value (Rm) | % Fund | # Units | Value (Rm) | % Fund |
| Bayerische Motoren Werke AG | 0 | 65,000 | 94.77 | 1.29 | 65,000 | 100.63 | 1.34 |
| Auto Total | 0 | 65,000 | 94.77 | 1.29 | 65,000 | 100.63 | 1.34 |
| Absa Group Ltd. | -25,000 | 1,767,400 | 311.77 | 4.24 | 1,792,400 | 340.11 | 4.52 |
| FirstRand Ltd. | 1,100,000 | 4,500,000 | 323.64 | 4.40 | 3,400,000 | 258.26 | 3.43 |
| Sberbank | 0 | 0 | 17.59 | 0.24 | 0 | 13.64 | 0.18 |
| Banks Total | 1,075,000 | 6,267,400 | 653.00 | 8.88 | 5,192,400 | 612.01 | 8.13 |
| SA Bond R2030 | 0 | 73,000,000 | 70.90 | 0.96 | 73,000,000 | 72.41 | 0.96 |
| SA Bond R2032 | 0 | 233,929,481 | 215.32 | 2.93 | 233,929,481 | 221.56 | 2.94 |
| SA Bond R2035 | 0 | 393,400,000 | 355.35 | 4.83 | 393,400,000 | 370.02 | 4.91 |
| SA Bond R2037 | 0 | 127,500,000 | 107.86 | 1.47 | 127,500,000 | 112.83 | 1.50 |
| Bond Total | 0 | 827,829,481 | 749.42 | 10.19 | 827,829,481 | 776.82 | 10.32 |
| Fidelity Institutional Liquidity Fund (EUR) | -188 | 267 | 78.03 | 1.06 | 455 | 130.40 | 1.73 |
| Fidelity Institutional Liquidity Fund (GBP) | 0 | 0 | 0.26 | 0.00 | 0 | 0.00 | 0.00 |
| Fidelity Institutional Liquidity Fund (USD) | 0 | 0 | 0.00 | 0.00 | 0 | 0.25 | 0.00 |
| Fidelity USD Fund | 0 | 2 | 0.64 | 0.01 | 2 | 0.65 | 0.01 |
| Cash Total | -188 | 269 | 78.93 | 1.07 | 457 | 131.30 | 1.74 |
| Cash on call | 0 | 0 | 94.36 | 1.28 | 0 | 61.92 | 0.82 |
| Cash on call Total | 0 | 0 | 94.36 | 1.28 | 0 | 61.92 | 0.82 |
| Sasol Ltd. | 287,619 | 1,605,000 | 122.45 | 1.66 | 1,317,381 | 109.70 | 1.46 |
| Chemicals Total | 287,619 | 1,605,000 | 122.45 | 1.66 | 1,317,381 | 109.70 | 1.46 |
| PPC Ltd. | 1,435,986 | 32,975,986 | 154.00 | 2.09 | 31,540,000 | 162.43 | 2.16 |
| Wilson Bayly Holmes - Ovcon Ltd. | -6,800 | 803,200 | 146.80 | 2.00 | 810,000 | 188.95 | 2.51 |
| Construction and Materials Total | 1,429,186 | 33,779,186 | 300.80 | 4.09 | 32,350,000 | 351.38 | 4.67 |
| Trip.com Group Ltd | 0 | 155,000 | 179.48 | 2.44 | 155,000 | 200.57 | 2.66 |
| Consumer Services Total | 0 | 155,000 | 179.48 | 2.44 | 155,000 | 200.57 | 2.66 |
| Flutter Entertainment | 0 | 56,800 | 233.59 | 3.18 | 56,800 | 278.15 | 3.69 |
| Koninklijke Philips N.V. | 0 | 425,000 | 196.11 | 2.67 | 425,000 | 203.93 | 2.71 |
| Cyclical Goods & Services Total | 0 | 481,800 | 429.69 | 5.84 | 481,800 | 482.08 | 6.40 |
| EXOR S.p.A | 0 | 192,500 | 321.57 | 4.37 | 192,500 | 334.87 | 4.45 |
| Financial Services Total | 0 | 192,500 | 321.57 | 4.37 | 192,500 | 334.87 | 4.45 |
| Associated British Foods | 0 | 380,000 | 172.72 | 2.35 | 380,000 | 189.71 | 2.52 |
| Food & Beverage Total | 0 | 380,000 | 172.72 | 2.35 | 380,000 | 189.71 | 2.52 |
| European - Currency | 0 | 0 | 0.94 | 0.01 | 0 | 2.37 | 0.03 |
| Hong Kong - Currency | 0 | 0 | 0.00 | 0.00 | 0 | 0.00 | 0.00 |
| United Kingdom - Currency | 0 | 0 | 9.14 | 0.12 | 0 | 2.86 | 0.04 |
| USA - Currency | 0 | 0 | 1.54 | 0.02 | 0 | 105.91 | 1.41 |
| For Currency Total | 0 | 0 | 11.63 | 0.16 | 0 | 111.14 | 1.48 |
| Foreign - Equities | -52,000 | 0 | 196.82 | 2.68 | 52,000 | 81.07 | 1.08 |
| Foreign Invest Total | -52,000 | 0 | 196.82 | 2.68 | 52,000 | 81.07 | 1.08 |
| Centaur BCI SA Equity - A1 | 1,112,366 | 59,174,001 | 72.68 | 0.99 | 58,061,635 | 71.77 | 0.95 |
| Equity | -4,758,570 | 0 | 0.05 | 0.00 | 4,758,570 | 0.05 | 0.00 |
| General Equity Total | -3,646,204 | 59,174,001 | 72.73 | 0.99 | 62,820,205 | 71.82 | 0.95 |
| Netcare Ltd. | 0 | 15,000,000 | 197.25 | 2.68 | 15,000,000 | 223.80 | 2.97 |
| Health Care Providers Total | 0 | 15,000,000 | 197.25 | 2.68 | 15,000,000 | 223.80 | 2.97 |
| Fairtree BCI Income Plus - F | 3,900,937 | 205,272,832 | 258.77 | 3.52 | 201,371,895 | 252.76 | 3.36 |
| Income Total | 3,900,937 | 205,272,832 | 258.77 | 3.52 | 201,371,895 | 252.76 | 3.36 |
| African Rainbow Minerals Ltd. | 128,000 | 1,494,068 | 221.64 | 3.01 | 1,366,068 | 205.44 | 2.73 |
| BHP Group Ltd. | 0 | 37,900 | 16.57 | 0.23 | 37,900 | 17.45 | 0.23 |
| Industrial Metals and Mining Total | 128,000 | 1,531,968 | 238.21 | 3.24 | 1,403,968 | 222.89 | 2.96 |
| JSE Ltd. | 29,460 | 689,460 | 85.76 | 1.17 | 660,000 | 79.68 | 1.06 |
| Remgro Ltd. | -235,000 | 1,480,000 | 230.33 | 3.13 | 1,715,000 | 266.00 | 3.53 |
| Investment Banking and Brokerage Services Total | -205,540 | 2,169,460 | 316.09 | 4.30 | 2,375,000 | 345.67 | 4.59 |
| Momentum Group Ltd. | 0 | 7,400,000 | 234.36 | 3.19 | 7,400,000 | 223.92 | 2.97 |
| Old Mutual Ltd. | 3,000,000 | 14,500,000 | 173.13 | 2.35 | 11,500,000 | 143.87 | 1.91 |
| Life Insurance Total | 3,000,000 | 21,900,000 | 407.49 | 5.54 | 18,900,000 | 367.79 | 4.88 |
| eMedia Holdings Ltd. | 0 | 3,766,214 | 11.75 | 0.16 | 3,766,214 | 13.56 | 0.18 |
| Media Total | 0 | 3,766,214 | 11.75 | 0.16 | 3,766,214 | 13.56 | 0.18 |
| Money Market - 6 months duration | 0 | 0 | 73.12 | 0.99 | 0 | 0.00 | 0.00 |
| Money Market - 9 months duration | 0 | 0 | 0.00 | 0.00 | 0 | 71.68 | 0.95 |
| Allan Gray Money Market - A | -1,707,200 | 59,530,875 | 59.81 | 0.81 | 61,238,075 | 61.89 | 0.82 |
| Coronation Money Market - P | -1,734,971 | 59,815,560 | 60.09 | 0.82 | 61,550,531 | 62.18 | 0.83 |
| Momentum Money Market - C1 | -1,683,440 | 59,451,661 | 59.73 | 0.81 | 61,135,101 | 61.81 | 0.82 |
| Ninety One Money Market - B | -1,716,807 | 59,498,676 | 59.77 | 0.81 | 61,215,483 | 61.87 | 0.82 |
| Money Market Total | -6,842,418 | 238,296,772 | 312.51 | 4.25 | 245,139,190 | 319.44 | 4.24 |
| OUTsurance Group Ltd. | -315,000 | 2,985,000 | 208.35 | 2.83 | 3,300,000 | 219.45 | 2.91 |
| Non-life Insurance Total | -315,000 | 2,985,000 | 208.35 | 2.83 | 3,300,000 | 219.45 | 2.91 |
| Bid Corporation Ltd. | 45,000 | 450,000 | 197.93 | 2.69 | 405,000 | 174.38 | 2.32 |
| Boxer Retail Ltd. | -295,000 | 1,176,000 | 82.59 | 1.12 | 1,471,000 | 94.73 | 1.26 |
| Personal Care, Drug and Grocery Stores Total | -250,000 | 1,626,000 | 280.52 | 3.81 | 1,876,000 | 269.11 | 3.57 |
| Compagnie Financière Richemont SA | 0 | 29,000 | 92.63 | 1.26 | 29,000 | 80.50 | 1.07 |
| Personal Goods Total | 0 | 29,000 | 92.63 | 1.26 | 29,000 | 80.50 | 1.07 |
| Adcock Ingram Holdings Ltd. | 0 | 401,794 | 19.69 | 0.27 | 401,794 | 26.92 | 0.36 |
| Aspen Pharmacare Holdings Ltd. | 165,000 | 1,640,000 | 266.63 | 3.62 | 1,475,000 | 243.15 | 3.23 |
| Pharmaceuticals and Biotechnology Total | 165,000 | 2,041,794 | 286.32 | 3.89 | 1,876,794 | 270.07 | 3.59 |
| Northam Platinum Holdings Ltd. | -329,000 | 550,000 | 73.54 | 1.00 | 879,000 | 85.62 | 1.14 |
| Precious Metals and Mining Total | -329,000 | 550,000 | 73.54 | 1.00 | 879,000 | 85.62 | 1.14 |
| Absa Bank Ltd. | -14,520 | 24,535 | 20.17 | 0.27 | 39,055 | 34.06 | 0.45 |
| Standard Bank Group Ltd. | -26,779 | 357,310 | 32.52 | 0.44 | 384,089 | 36.10 | 0.48 |
| Preference Shares Total | -41,299 | 381,845 | 52.68 | 0.72 | 423,144 | 70.16 | 0.93 |
| Truworths International Ltd. | 148,231 | 3,000,000 | 218.28 | 2.97 | 2,851,769 | 295.47 | 3.92 |
| Retailers Total | 148,231 | 3,000,000 | 218.28 | 2.97 | 2,851,769 | 295.47 | 3.92 |
| Prosus NV | -64,200 | 585,800 | 493.17 | 6.70 | 650,000 | 486.88 | 6.47 |
| Software and Computer Services Total | -64,200 | 585,800 | 493.17 | 6.70 | 650,000 | 486.88 | 6.47 |
| Delivery Hero | 254,500 | 401,500 | 177.29 | 2.41 | 147,000 | 78.14 | 1.04 |
| Dell Technologies Inc | 0 | 100,000 | 169.68 | 2.31 | 100,000 | 216.55 | 2.88 |
| Microsoft Corporation | 0 | 12,000 | 83.57 | 1.14 | 12,000 | 96.15 | 1.28 |
| Technology Total | 254,500 | 513,500 | 430.54 | 5.85 | 259,000 | 390.85 | 5.19 |
| Portfolio Total | -1,357,376 | 1,429,579,822 | 7,356.46 | 100.00 | 1,430,937,198 | 7,529.05 | 100.00 |