| Sasol, 5.5% 18mar2031, USD (US80386WAD74) |
| Sasol, 5.5% 18mar2031, USD (US80386WAD74) |
| Sasol, 6.5% 27sep2028, USD (US80386WAB19) |
| Absa Group, 6.375% perp., USD (XS2339102878) |
| Absa Group, 6.375% perp., USD (XS2339102878) |
| Sasol, 4.375% 18sep2026, USD (US80386WAC91) |
| Sasol, 4.375% 18sep2026, USD (US80386WAC91) |
| MTN International (Mauritius), 6.5% 13oct2026, USD (XS1493823725) |
| Gold Fields, 5.125% 15may2024, USD (XS1993827135) |
| Anglo American, 5.625% 1apr2030, USD (USG0446NAR55) |
| Anglo American, 5.625% 1apr2030, USD (USG0446NAR55) |
| Eskom Holdings, 6.35% 10aug2028, USD (4) (XS1864523300) |
| Prosus, 3.832% 8feb2051, USD (USN7163RAQ67) |
| Petra Diamonds US$ Treasury, 10.5% 8mar2026, USD (XS2289895927) |
| Prosus, 3.832% 8feb2051, USD (USN7163RAQ67) |
| Petra Diamonds US$ Treasury, 10.5% 8mar2026, USD (XS2289895927) |
| Sibanye Gold, 4% 16nov2026, USD (USU85969AE07) |
| Sibanye Gold, 4% 16nov2026, USD (USU85969AE07) |
| K2016470219, 3% 31dec2022, USD (XS1540047856) |
| Eskom Holdings, 7.5% 15sep2033, ZAR (ZAG000029034) |
| Eskom Holdings, 8.45% 10aug2028, USD (3) (XS1864522757) |
| Gold Fields, 6.125% 15may2029, USD (B) (XS1993965950) |
| Standard Bank Group, 5.95% 31may2029, USD (XS2001739379) |
| Sibanye Gold, 4.5% 16nov2029, USD (USU85969AF71) |
| Sibanye Gold, 4.5% 16nov2029, USD (USU85969AF71) |
| Sappi, 7.5% 15jun2032, USD (XS0149581935) |
| FirstRand Bank (South Africa), 6.25% 23apr2028, USD (XS1810806395) |
| Eskom Holdings, 8.5% 25apr2042, ZAR (ZAG000107780) |
| Naspers, 3.061% 13jul2031, USD (USN7163RAR41) |
| Eskom Holdings, 4.314% 23jul2027, USD (XS2010027709) |
| Naspers, 3.061% 13jul2031, USD (USN7163RAR41) |
| Eskom Holdings, 4.314% 23jul2027, USD (XS2010027709) |
| MTN Group, 4.755% 11nov2024, USD (XS1128996425) |
| Naspers, 3.68% 21jan2030, USD (USN7163RAA16) |
| Naspers, 3.68% 21jan2030, USD (USN7163RAA16) |
| Anglo American, 1.625% 11mar2026, EUR (XS1962513674) |
| Absa Bank, FRN 28feb2035, ZAR (Structured) (ZAG000176207) |
| Absa Bank, FRN 28feb2035, ZAR (Structured) (ZAG000176207) |
| Absa Bank, FRN 7nov2029, ZAR (Structured) (ZAG000210287) |
| Anglo American, 3.375% 11mar2029, GBP (XS1962515372) |
| Naspers, 4.027% 3aug2050, USD (USN7163RAD54) |
| Absa Bank, FRN 25aug2025, ZAR (Structured) (ZAG000170408) |
| Naspers, 4.027% 3aug2050, USD (USN7163RAD54) |
| Absa Bank, FRN 25aug2025, ZAR (Structured) (ZAG000170408) |
| Anglo American, 1.625% 18sep2025, EUR (XS1686846061) |
| Development Bank of Southern Africa, 10.1% 18feb2029, ZAR (ZAG000112616) |
| Eskom Holdings, 2.55% 2may2028, ZAR (ZAG000095019) |
| K2016470219, 8% 31dec2022, EUR (XS1540045306) |
| South African National Roads Agency Ltd, 9.25% 31jul2035, ZAR (ZAG000079161) |
| Growthpoint Properties, FRN 31mar2026, ZAR (ZAG000162801) |
| Naspers, 2.778% 19jan2034, EUR (XS2430287875) |
| Naspers, 2.778% 19jan2034, EUR (XS2430287875) |
| Anglo American, 4.125% 27sep2022, USD (USG03762CH52) |
| Eskom Holdings, 0% 18aug2027, ZAR (10957D) (XS0078528352) |
| Eskom Holdings, 0% 31dec2032, ZAR (12898D) (XS0079398250) |
| MTN Group, 5.373% 13feb2022, USD (XS1503116912) |
| Transnet, 10.5% 9oct2030, ZAR (ZAG000120312) |
| Anglo American, 4% 11sep2027, USD (USG0446NAN42) |
| Sasol, 5.875% 27mar2024, USD (US80386WAA36) |
| Nedbank, 3.45% 7dec2033, ZAR (Structured) (ZAG000154303) |
| Toyota Financial Services (SA), FRN 15oct2023, ZAR (ZAG000171737) |
| Nedbank, FRN 19apr2022, ZAR (Structured) (ZAG000176082) |
| Development Bank of Southern Africa, 9.415% 2feb2027, ZAR (ZAG000183351) |
| Absa Bank, FRN 25apr2042, ZAR (Structured) (ZAG000185497) |
| Toyota Financial Services (SA), FRN 15oct2023, ZAR (ZAG000171737) |
| Nedbank, FRN 19apr2022, ZAR (Structured) (ZAG000176082) |
| Development Bank of Southern Africa, 9.415% 2feb2027, ZAR (ZAG000183351) |
| Absa Bank, FRN 25apr2042, ZAR (Structured) (ZAG000185497) |
| Standard Bank, FRN 20nov2029, ZAR (ZAG000210543) |
| Gold Fields, 4.875% 7oct2020, USD (XS0547082973) |
| Steinhoff International Holdings, 5% 22may2016, EUR (Conv.) (XS0542360770) |
| Eskom Holdings, 7.125% 11feb2025, USD (XS1187065443) |
| Absa Bank, 8.8% 11sep2026, ZAR (ZAG000043985) |
| FirstRand Bank (South Africa), 2% 31jan2025, ZAR (ZAG000109588) |
| Anglo American, 4.5% 15mar2028, USD (USG0446NAP99) |
| Standard Bank Group, FRN perp., ZAR (ZAG000174830) |
| Absa Bank, FRN 30mar2026, ZAR (ZAG000173790) |
| Standard Bank Group, FRN perp., ZAR (ZAG000170986) |
| Santam, FRN 16may2032, ZAR (6) (ZAG000185711) |
| Standard Bank Group, FRN perp., ZAR (ZAG000174830) |
| Absa Bank, FRN 30mar2026, ZAR (ZAG000173790) |
| Standard Bank Group, FRN perp., ZAR (ZAG000170986) |
| Santam, FRN 16may2032, ZAR (6) (ZAG000185711) |
| Super Group, FRN 1dec2021, ZAR (11) (ZAG000172800) |
| Amber House Fund 5, FRN 21nov2053, ZAR (1, ABS, A1) (ZAG000154907) |
| Nedbank, FRN 30nov2026, ZAR (Structured) (ZAG000210410) |
| Anglo American, 3.50% 28mar2022, EUR (XS0764637194) |
| Absa Group, 11.4% 29sep2025, ZAR (ZAG000129966) |
| Eskom Holdings, 2.3% 29jul2030, ZAR (ZAG000107558) |
| Eskom Holdings, 2.1% 2jun2031, ZAR (ZAG000116443) |
| FirstRand Bank (South Africa), 9.75% 31jan2030, ZAR (ZAG000124264) |
| FirstRand Bank (South Africa), 3.45% 7dec2033, ZAR (ZAG000120643) |
| FirstRand Bank (South Africa), 2.6% 31mar2028, ZAR (ZAG000125188) |
| South African National Roads Agency Ltd, 9% 30sep2025, ZAR (ZAG000020686) |
| South African National Roads Agency Ltd, 9.25% 31jul2034, ZAR (ZAG000070319) |
| Steinhoff Services, FRN 10jul2020, ZAR (ZAG000145210) |
| Growthpoint Properties, FRN 9mar2028, ZAR (ZAG000150129) |
| Growthpoint Properties, 5.872% 2may2023, USD (XS1734198051) |
| K2016470219, 10.177% 31dec2022, ZAR (XS1540052187) |
| FirstRand Bank (South Africa), FRN perp., ZAR (ZAG000157512) |