Holdings as of 09/30/19
| SECURITY DESCRIPTION | % OF TOTAL NET ASSETS | ||
|---|---|---|---|
| Capitec Bank Holdings Ltd | 10.5% | ||
| Psg Group Ltd | 7.0% | ||
| Naspers Ltd | 6.8% | ||
| Market Vectors Africa | 6.0% | ||
| Standard Bank Group - Adr | 4.9% | ||
| Clientele Ltd | 3.9% | ||
| Discovery Ltd | 3.8% | ||
| Shoprite Holdings - Adr | 3.5% | ||
| Global X Msci Nigeria Etf | 3.3% | ||
| Sasol Ltd-Sp Adr | 3.2% | ||
| Firstrand Ltd | 2.8% | ||
| Pound Sterling | 2.7% | ||
| Comair Limited | 2.5% | ||
| Bidvest Group Ltd | 2.2% | ||
| Gold Fields-Adr | 2.2% | ||
| Nedbank Group Ltd | 2.1% | ||
| Anglogold As-Adr | 2.1% | ||
| Mtn Group Ltd - Adr | 2.1% | ||
| Multichoice Group Ltd | 2.0% | ||
| Anglo American Platinum | 1.9% | ||
| Mediclinic Int'L Plc | 1.9% | ||
| Coronation Fund Managers | 1.8% | ||
| Astral Foods Ltd | 1.8% | ||
| Choppies Enterprises Ltd | 1.7% | ||
| Sappi Ltd | 1.7% | ||
| Alviva Holdings Ltd | 1.7% | ||
| Integrated Diagnostics Ho | 1.6% | ||
| Impala Platinum | 1.6% | ||
| Barloworld Ltd | 1.6% | ||
| Mmi Holdings Ltd | 1.5% | ||
| Exxaro Resources Ltd | 1.5% | ||
| Value Group Ltd | 1.4% | ||
| Commercial Intl Egypt | 1.4% | ||
| Adcorp Holdings Ltd | 1.3% | ||
| Alexander Forbes Hldg | 1.3% | ||
| Grindrod Ltd | 1.2% | ||
| Oceana Group Ltd | 1.0% | ||
| Crookes Brothers Ltd | 1.0% | ||
| Bid Corp Ltd | 0.9% | ||
| Wilson Bayly Holmes-Ovcon | 0.9% | ||
| Combined Motor Holdings | 0.9% | ||
| Tiger Brands Ltd | 0.9% | ||
| Aspen Pharmacare Hldg Ltd | 0.9% | ||
| Pioneer Foods Group Ltd | 0.8% | ||
| Vodacom Group Ltd | 0.8% | ||
| Trencor Ltd | 0.7% | ||
| South African Rand | 0.7% | ||
| Motus Holdings | 0.5% | ||
| Murray & Roberts Holdings | 0.4% | ||
| Imperial Holdings Ltd Adr | 0.3% | ||
| Feder-Gt Obl-I 7 | 0.2% | ||
| Mr Price Group Ltd | 0.0% |
Portfolio holdings will change due to ongoing management of the Fund. Reference to specific securities or sectors should not be construed as recommendations by the Fund, the Advisor, or the Distributor.