| | | |
| Security | Change | # Units | Value (Rm) | % Fund | # Units | Value (Rm) | % Fund |
| Auto1 Group SE | 5,723 | 5,723 | 3.38 | 0.64 | 0 | 0.00 | 0.00 |
| Auto Total | 5,723 | 5,723 | 3.38 | 0.64 | 0 | 0.00 | 0.00 |
| Capitec Bank Holdings Ltd. | 1,028 | 1,028 | 3.57 | 0.67 | 0 | 0.00 | 0.00 |
| FirstRand Ltd. | 59,020 | 59,020 | 4.60 | 0.87 | 0 | 0.00 | 0.00 |
| Standard Bank Group Ltd. | 23,299 | 23,299 | 5.52 | 1.04 | 0 | 0.00 | 0.00 |
| Nu Holdings Ltd | 38,879 | 38,879 | 10.72 | 2.02 | 0 | 0.00 | 0.00 |
| Banks Total | 122,226 | 122,226 | 24.40 | 4.60 | 0 | 0.00 | 0.00 |
| Consumer Goods | 0 | 0 | 0.00 | 0.00 | 0 | 5.47 | 1.11 |
| Beverages Total | 0 | 0 | 0.00 | 0.00 | 0 | 5.47 | 1.11 |
| SA Bond FRX30 | 849,800 | 849,800 | 0.93 | 0.17 | 0 | 0.00 | 0.00 |
| SA Bond FRX31 | 419,000 | 419,000 | 0.45 | 0.09 | 0 | 0.00 | 0.00 |
| SA Bond FRX32 | 397,000 | 397,000 | 0.44 | 0.08 | 0 | 0.00 | 0.00 |
| SA Bond MTN32 | 2,110,716 | 2,110,716 | 2.14 | 0.40 | 0 | 0.00 | 0.00 |
| SA Bond NBK29A | 252,930 | 252,930 | 0.26 | 0.05 | 0 | 0.00 | 0.00 |
| SA Bond R2032 | 15,971,608 | 15,971,608 | 15.77 | 2.97 | 0 | 0.00 | 0.00 |
| SA Bond R2035 | 43,529,089 | 43,529,089 | 43.12 | 8.12 | 0 | 0.00 | 0.00 |
| SA Bond R2037 | 40,153,306 | 40,153,306 | 37.59 | 7.08 | 0 | 0.00 | 0.00 |
| SA Bond R2040 | 39,798,394 | 39,798,394 | 37.09 | 6.98 | 0 | 0.00 | 0.00 |
| SA Bond R2044 | 32,098,270 | 32,098,270 | 28.45 | 5.36 | 0 | 0.00 | 0.00 |
| SA Bond R2048 | 19,333,041 | 19,333,041 | 16.88 | 3.18 | 0 | 0.00 | 0.00 |
| SA Bond R214 | 9,949,749 | 9,949,749 | 7.27 | 1.37 | 0 | 0.00 | 0.00 |
| SA Bond TFS170 | 1,683,116 | 1,683,116 | 1.70 | 0.32 | 0 | 0.00 | 0.00 |
| Bond Total | 206,546,019 | 206,546,019 | 192.09 | 36.18 | 0 | 0.00 | 0.00 |
| 0 | 0 | 0.00 | 0.00 | 0 | 30.33 | 6.13 |
| Cash on call | 0 | 0 | 18.39 | 3.46 | 0 | 0.00 | 0.00 |
| Corporate debt - convertible | 0 | 0 | 0.00 | 0.00 | 0 | 3.84 | 0.78 |
| Financial institutions | 0 | 0 | 0.00 | 0.00 | 0 | 2.09 | 0.42 |
| Government issued paper | 0 | 0 | 0.00 | 0.00 | 0 | 150.33 | 30.39 |
| Total Domestic Money Market | 0 | 0 | 0.00 | 0.00 | 0 | 3.43 | 0.69 |
| Cash on call Total | 0 | 0 | 18.39 | 3.46 | 0 | 190.02 | 38.41 |
| Sasol Ltd. | 5,889 | 5,889 | 0.63 | 0.12 | 0 | 0.00 | 0.00 |
| Chemicals Total | 5,889 | 5,889 | 0.63 | 0.12 | 0 | 0.00 | 0.00 |
| Wilson Bayly Holmes - Ovcon Ltd. | 2,597 | 2,597 | 0.39 | 0.07 | 0 | 0.00 | 0.00 |
| Construction and Materials Total | 2,597 | 2,597 | 0.39 | 0.07 | 0 | 0.00 | 0.00 |
| Alphabet Inc A | 4,911 | 4,911 | 20.71 | 3.90 | 0 | 0.00 | 0.00 |
| Booking Holdings | 92 | 92 | 8.67 | 1.63 | 0 | 0.00 | 0.00 |
| Mettler-Toledo International Inc | 144 | 144 | 2.97 | 0.56 | 0 | 0.00 | 0.00 |
| Netflix Inc | 294 | 294 | 6.13 | 1.15 | 0 | 0.00 | 0.00 |
| Uber Technologies | 5,662 | 5,662 | 9.74 | 1.84 | 0 | 0.00 | 0.00 |
| Cyclical Goods & Services Total | 11,103 | 11,103 | 48.23 | 9.08 | 0 | 0.00 | 0.00 |
| COVIVIO | 2,748 | 2,748 | 3.19 | 0.60 | 0 | 0.00 | 0.00 |
| Mastercard Inc | 186 | 186 | 1.83 | 0.34 | 0 | 0.00 | 0.00 |
| Natwest Group PLC | 72,491 | 72,491 | 8.76 | 1.65 | 0 | 0.00 | 0.00 |
| Unicredit Spa | 9,906 | 9,906 | 12.88 | 2.42 | 0 | 0.00 | 0.00 |
| Financial Services Total | 85,331 | 85,331 | 26.65 | 5.02 | 0 | 0.00 | 0.00 |
| Pepsico Incorporated | 2,547 | 2,547 | 6.17 | 1.16 | 0 | 0.00 | 0.00 |
| Unilever plc | 1,269 | 1,269 | 1.29 | 0.24 | 0 | 0.00 | 0.00 |
| Food & Beverage Total | 3,816 | 3,816 | 7.46 | 1.41 | 0 | 0.00 | 0.00 |
| Consumer Services | 0 | 0 | 0.00 | 0.00 | 0 | 14.09 | 2.85 |
| Food & Drug Retailers Total | 0 | 0 | 0.00 | 0.00 | 0 | 14.09 | 2.85 |
| AVI Ltd. | 5,955 | 5,955 | 0.59 | 0.11 | 0 | 0.00 | 0.00 |
| Food Producers Total | 5,955 | 5,955 | 0.59 | 0.11 | 0 | 0.00 | 0.00 |
| European - Currency | 0 | 0 | 0.01 | 0.00 | 0 | 0.00 | 0.00 |
| Foreign bonds | 0 | 0 | 0.00 | 0.00 | 0 | 5.86 | 1.18 |
| Foreign Cash | 0 | 0 | 0.00 | 0.00 | 0 | 0.85 | 0.17 |
| United Kingdom - Currency | 0 | 0 | 0.00 | 0.00 | 0 | 0.00 | 0.00 |
| USA - Currency | 0 | 0 | 1.32 | 0.25 | 0 | 0.00 | 0.00 |
| For Currency Total | 0 | 0 | 1.33 | 0.25 | 0 | 6.71 | 1.36 |
| Foreign - Bonds | 0 | 0 | 6.10 | 1.15 | 0 | 0.00 | 0.00 |
| Foreign - Equities | 0 | 0 | 15.49 | 2.92 | 0 | 0.00 | 0.00 |
| Total Foreign Equities | 0 | 0 | 0.00 | 0.00 | 0 | 204.14 | 41.27 |
| Foreign Invest Total | 0 | 0 | 21.59 | 4.07 | 0 | 204.14 | 41.27 |
| British Land Company | 51,807 | 51,807 | 4.17 | 0.79 | 0 | 0.00 | 0.00 |
| Klepierre | 2,896 | 2,896 | 1.93 | 0.36 | 0 | 0.00 | 0.00 |
| Foreign Property Total | 54,703 | 54,703 | 6.10 | 1.15 | 0 | 0.00 | 0.00 |
| Basic Materials | 0 | 0 | 0.00 | 0.00 | 0 | 19.69 | 3.98 |
| Forestry & Paper Total | 0 | 0 | 0.00 | 0.00 | 0 | 19.69 | 3.98 |
| Other Equities | 0 | 0 | 0.00 | 0.00 | 0 | 4.66 | 0.94 |
| General Equity Total | 0 | 0 | 0.00 | 0.00 | 0 | 4.66 | 0.94 |
| Financials | 0 | 0 | 0.00 | 0.00 | 0 | 20.04 | 4.05 |
| General Financial Total | 0 | 0 | 0.00 | 0.00 | 0 | 20.04 | 4.05 |
| Industrials | 0 | 0 | 0.00 | 0.00 | 0 | 1.72 | 0.35 |
| Mondi plc | 65,194 | 65,194 | 2.70 | 0.51 | 0 | 0.00 | 0.00 |
| Mpact Ltd. | 24,037 | 24,037 | 0.60 | 0.11 | 0 | 0.00 | 0.00 |
| General Industrials Total | 89,231 | 89,231 | 3.30 | 0.62 | 0 | 1.72 | 0.35 |
| ASML Holding NV | 838 | 838 | 14.04 | 2.64 | 0 | 0.00 | 0.00 |
| Goods & Services Total | 838 | 838 | 14.04 | 2.64 | 0 | 0.00 | 0.00 |
| Novo-Nordisk A/S | 8,680 | 8,680 | 8.13 | 1.53 | 0 | 0.00 | 0.00 |
| Healthcare Total | 8,680 | 8,680 | 8.13 | 1.53 | 0 | 0.00 | 0.00 |
| Anglo American plc | 16,696 | 16,696 | 4.71 | 0.89 | 0 | 0.00 | 0.00 |
| BHP Group Ltd. | 87,247 | 87,247 | 3.93 | 0.74 | 0 | 0.00 | 0.00 |
| Industrial Metals and Mining Total | 103,943 | 103,943 | 8.63 | 1.63 | 0 | 0.00 | 0.00 |
| Super Group Ltd. | 33,110 | 33,110 | 0.42 | 0.08 | 0 | 0.00 | 0.00 |
| Industrial Transportation Total | 33,110 | 33,110 | 0.42 | 0.08 | 0 | 0.00 | 0.00 |
| Discovery Ltd. | 25,397 | 25,397 | 5.03 | 0.95 | 0 | 0.00 | 0.00 |
| Life Insurance Total | 25,397 | 25,397 | 5.03 | 0.95 | 0 | 0.00 | 0.00 |
| Money Market - 1 month duration | 0 | 0 | 1.29 | 0.24 | 0 | 0.00 | 0.00 |
| Money Market Total | 0 | 0 | 1.29 | 0.24 | 0 | 0.00 | 0.00 |
| OUTsurance Group Ltd. | 18,682 | 18,682 | 1.33 | 0.25 | 0 | 0.00 | 0.00 |
| Santam Ltd. | 5,550 | 5,550 | 2.09 | 0.39 | 0 | 0.00 | 0.00 |
| Non-life Insurance Total | 24,232 | 24,232 | 3.43 | 0.65 | 0 | 0.00 | 0.00 |
| Exxaro Resources Ltd. | 100 | 100 | 0.02 | 0.00 | 0 | 0.00 | 0.00 |
| Thungela Resources Ltd. | 100 | 100 | 0.01 | 0.00 | 0 | 0.00 | 0.00 |
| Oil, Gas and Coal Total | 200 | 200 | 0.03 | 0.01 | 0 | 0.00 | 0.00 |
| Bid Corporation Ltd. | 4,232 | 4,232 | 1.83 | 0.34 | 0 | 0.00 | 0.00 |
| Shoprite Holdings Ltd. | 9,378 | 9,378 | 2.57 | 0.48 | 0 | 0.00 | 0.00 |
| Personal Care, Drug and Grocery Stores Total | 13,610 | 13,610 | 4.40 | 0.83 | 0 | 0.00 | 0.00 |
| Compagnie Financière Richemont SA | 827 | 827 | 2.70 | 0.51 | 0 | 0.00 | 0.00 |
| Personal Goods Total | 827 | 827 | 2.70 | 0.51 | 0 | 0.00 | 0.00 |
| AngloGold Ashanti plc | 10,209 | 10,209 | 12.15 | 2.29 | 0 | 0.00 | 0.00 |
| Gold Fields Ltd. | 1,715 | 1,715 | 1.23 | 0.23 | 0 | 0.00 | 0.00 |
| Impala Platinum Holdings Ltd. | 21,009 | 21,009 | 4.58 | 0.86 | 0 | 0.00 | 0.00 |
| Northam Platinum Holdings Ltd. | 6,480 | 6,480 | 1.81 | 0.34 | 0 | 0.00 | 0.00 |
| Precious Metals and Mining Total | 39,413 | 39,413 | 19.77 | 3.72 | 0 | 0.00 | 0.00 |
| Domestic Funds (Real Estate) | 0 | 0 | 0.00 | 0.00 | 0 | 21.24 | 4.29 |
| Real Estate Total | 0 | 0 | 0.00 | 0.00 | 0 | 21.24 | 4.29 |
| NEPI Rockcastle NV | 102,160 | 102,160 | 14.09 | 2.65 | 0 | 0.00 | 0.00 |
| Real Estate Investment and Services Total | 102,160 | 102,160 | 14.09 | 2.65 | 0 | 0.00 | 0.00 |
| Growthpoint Properties Ltd. | 279,128 | 279,128 | 4.12 | 0.78 | 0 | 0.00 | 0.00 |
| Real Estate Investment Trusts Total | 279,128 | 279,128 | 4.12 | 0.78 | 0 | 0.00 | 0.00 |
| Nike Incorporated | 5,463 | 5,463 | 6.60 | 1.24 | 0 | 0.00 | 0.00 |
| Visa Inc | 727 | 727 | 4.27 | 0.80 | 0 | 0.00 | 0.00 |
| Retail Total | 6,190 | 6,190 | 10.87 | 2.05 | 0 | 0.00 | 0.00 |
| Mr Price Group Ltd. | 8,637 | 8,637 | 1.77 | 0.33 | 0 | 0.00 | 0.00 |
| Woolworths Holdings Ltd. | 10,623 | 10,623 | 0.53 | 0.10 | 0 | 0.00 | 0.00 |
| Retailers Total | 19,260 | 19,260 | 2.30 | 0.43 | 0 | 0.00 | 0.00 |
| Technology | 0 | 0 | 0.00 | 0.00 | 0 | 6.92 | 1.40 |
| Software & Computer Services Total | 0 | 0 | 0.00 | 0.00 | 0 | 6.92 | 1.40 |
| Bytes Technology Group plc | 2,557 | 2,557 | 0.24 | 0.04 | 0 | 0.00 | 0.00 |
| Naspers Ltd. | 1,305 | 1,305 | 8.22 | 1.55 | 0 | 0.00 | 0.00 |
| Prosus NV | 6,943 | 6,943 | 8.50 | 1.60 | 0 | 0.00 | 0.00 |
| Software and Computer Services Total | 10,805 | 10,805 | 16.96 | 3.19 | 0 | 0.00 | 0.00 |
| Adobe Systems | 1,041 | 1,041 | 6.47 | 1.22 | 0 | 0.00 | 0.00 |
| Amazon.Com | 4,041 | 4,041 | 15.52 | 2.92 | 0 | 0.00 | 0.00 |
| Microsoft Corporation | 1,783 | 1,783 | 15.86 | 2.99 | 0 | 0.00 | 0.00 |
| Olympus Corp | 28,616 | 28,616 | 6.25 | 1.18 | 0 | 0.00 | 0.00 |
| Spotify Technology | 422 | 422 | 5.31 | 1.00 | 0 | 0.00 | 0.00 |
| Taiwan Semiconductors | 1,863 | 1,863 | 8.82 | 1.66 | 0 | 0.00 | 0.00 |
| Technology Total | 37,766 | 37,766 | 58.23 | 10.97 | 0 | 0.00 | 0.00 |
| British American Tobacco plc | 2,219 | 2,219 | 2.02 | 0.38 | 0 | 0.00 | 0.00 |
| Tobacco Total | 2,219 | 2,219 | 2.02 | 0.38 | 0 | 0.00 | 0.00 |
| Portfolio Total | 207,640,371 | 207,640,371 | 530.99 | 100.00 | 0 | 494.71 | 100.00 |