| | | |
| Security | Change | # Units | Value (Rm) | % Fund | # Units | Value (Rm) | % Fund |
| Absa Group Ltd. | -328,285 | 0 | 0.00 | 0.00 | 328,285 | 78.58 | 0.14 |
| Capitec Bank Holdings Ltd. | 0 | 27,929 | 115.11 | 0.20 | 27,929 | 116.07 | 0.20 |
| FirstRand Ltd. | -2,426,248 | 8,001,886 | 688.48 | 1.18 | 10,428,134 | 946.35 | 1.66 |
| Investec Ltd. | 188,682 | 2,920,543 | 373.60 | 0.64 | 2,731,861 | 333.78 | 0.59 |
| Investec plc | 308,901 | 2,846,403 | 368.67 | 0.63 | 2,537,502 | 310.01 | 0.54 |
| Nedbank Group Ltd. | -412,839 | 4,325,482 | 1,158.97 | 1.98 | 4,738,321 | 1,261.63 | 2.21 |
| Standard Bank Group Ltd. | -56,141 | 5,946,087 | 1,806.66 | 3.09 | 6,002,228 | 1,743.05 | 3.06 |
| Banks Total | -2,725,930 | 24,068,330 | 4,511.49 | 7.73 | 26,794,260 | 4,789.46 | 8.41 |
| Anheuser-Busch InBev SA/NV | -81,405 | 2,691,798 | 3,156.75 | 5.41 | 2,773,203 | 2,968.71 | 5.21 |
| Beverages Total | -81,405 | 2,691,798 | 3,156.75 | 5.41 | 2,773,203 | 2,968.71 | 5.21 |
| Cash on call | 0 | 0 | 460.31 | 0.79 | 0 | 756.30 | 1.33 |
| Margin Account | 0 | 0 | 0.00 | 0.00 | 0 | 16.48 | 0.03 |
| Cash on call Total | 0 | 0 | 460.31 | 0.79 | 0 | 772.79 | 1.36 |
| AECI Ltd. | 0 | 640,334 | 73.93 | 0.13 | 640,334 | 57.19 | 0.10 |
| Omnia Holdings Ltd. | 0 | 1,405,082 | 134.49 | 0.23 | 1,405,082 | 110.72 | 0.19 |
| Sasol Ltd. | -885,903 | 5,471,029 | 1,237.66 | 2.12 | 6,356,932 | 675.11 | 1.19 |
| Chemicals Total | -885,903 | 7,516,445 | 1,446.08 | 2.48 | 8,402,348 | 843.02 | 1.48 |
| Group Five Ltd. | 0 | 1,769,085 | 0.00 | 0.00 | 1,769,085 | 0.00 | 0.00 |
| Construction & Materials Total | 0 | 1,769,085 | 0.00 | 0.00 | 1,769,085 | 0.00 | 0.00 |
| Basil Read Holdings Ltd. | 0 | 56,177,618 | 0.00 | 0.00 | 56,177,618 | 0.00 | 0.00 |
| PPC Ltd. | 852,343 | 852,343 | 5.03 | 0.01 | 0 | 0.00 | 0.00 |
| Construction and Materials Total | 852,343 | 57,029,961 | 5.03 | 0.01 | 56,177,618 | 0.00 | 0.00 |
| Advtech Ltd. | 231,751 | 4,351,313 | 181.93 | 0.31 | 4,119,562 | 153.37 | 0.27 |
| Consumer Services Total | 231,751 | 4,351,313 | 181.93 | 0.31 | 4,119,562 | 153.37 | 0.27 |
| Allan Gray Africa ex SA Equity | -5,741 | 186,054 | 1,125.44 | 1.93 | 191,795 | 998.72 | 1.75 |
| Allan Gray Frontier Markets Equity Fund Limited | 0 | 664,392 | 3,578.71 | 6.13 | 664,392 | 3,353.87 | 5.89 |
| Orbis SICAV International Equity Fund | 111,783 | 13,554,810 | 6,714.32 | 11.50 | 13,443,027 | 6,490.54 | 11.39 |
| Equities Total | 106,042 | 14,405,256 | 11,418.47 | 19.55 | 14,299,214 | 10,843.13 | 19.04 |
| Nutun Ltd. | -616,935 | 0 | 0.00 | 0.00 | 616,935 | 0.65 | 0.00 |
| Finance and Credit Services Total | -616,935 | 0 | 0.00 | 0.00 | 616,935 | 0.65 | 0.00 |
| Astral Foods Ltd. | -309,371 | 0 | 0.00 | 0.00 | 309,371 | 82.51 | 0.14 |
| AVI Ltd. | 0 | 921,869 | 95.78 | 0.16 | 921,869 | 97.26 | 0.17 |
| Libstar Holdings Ltd. | 10,990,892 | 23,964,619 | 107.84 | 0.18 | 12,973,727 | 61.37 | 0.11 |
| Oceana Group Ltd. | 0 | 2,196,536 | 113.12 | 0.19 | 2,196,536 | 122.43 | 0.21 |
| Premier Group Ltd. | 0 | 1,337,810 | 232.00 | 0.40 | 1,337,810 | 224.30 | 0.39 |
| Tiger Brands Ltd. | 0 | 1,400,782 | 422.22 | 0.72 | 1,400,782 | 512.94 | 0.90 |
| Food Producers Total | 10,681,521 | 29,821,616 | 970.97 | 1.66 | 19,140,095 | 1,100.80 | 1.93 |
| USA - Currency | 0 | 0 | 89.34 | 0.15 | 0 | 86.80 | 0.15 |
| For Currency Total | 0 | 0 | 89.34 | 0.15 | 0 | 86.80 | 0.15 |
| Foreign - Unit Trust - Bonds | 0 | 0 | 0.00 | 0.00 | 0 | -242.71 | -0.43 |
| Foreign - Unit Trusts | 0 | 0 | 2,908.57 | 4.98 | 0 | 2,976.96 | 5.23 |
| Foreign Invest Total | 0 | 0 | 2,908.57 | 4.98 | 0 | 2,734.25 | 4.80 |
| KAP Ltd. | 0 | 77,268,853 | 155.31 | 0.27 | 77,268,853 | 148.36 | 0.26 |
| Mondi plc | 0 | 4,537,092 | 871.85 | 1.49 | 4,537,092 | 923.75 | 1.62 |
| Mpact Ltd. | 0 | 278,031 | 6.04 | 0.01 | 278,031 | 6.26 | 0.01 |
| The Bidvest Group Ltd. | 52,584 | 52,584 | 11.98 | 0.02 | 0 | 0.00 | 0.00 |
| General Industrials Total | 52,584 | 82,136,560 | 1,045.17 | 1.79 | 82,083,976 | 1,078.36 | 1.89 |
| Life Healthcare Group Holdings Ltd. | 1,456,368 | 31,679,473 | 366.53 | 0.63 | 30,223,105 | 344.24 | 0.60 |
| Health Care Providers Total | 1,456,368 | 31,679,473 | 366.53 | 0.63 | 30,223,105 | 344.24 | 0.60 |
| Sappi Ltd. | 0 | 12,596,187 | 213.63 | 0.37 | 12,596,187 | 309.24 | 0.54 |
| Industrial Materials Total | 0 | 12,596,187 | 213.63 | 0.37 | 12,596,187 | 309.24 | 0.54 |
| Evraz Highveld Steel and Vanadium Ltd. | 0 | 54,460 | 0.00 | 0.00 | 54,460 | 0.00 | 0.00 |
| Industrial Metals Total | 0 | 54,460 | 0.00 | 0.00 | 54,460 | 0.00 | 0.00 |
| African Rainbow Minerals Ltd. | 58,899 | 1,036,730 | 239.48 | 0.41 | 977,831 | 194.49 | 0.34 |
| BHP Group Ltd. | 103,686 | 1,014,632 | 616.98 | 1.06 | 910,946 | 461.96 | 0.81 |
| Glencore plc | -1,174,100 | 17,885,545 | 2,296.68 | 3.93 | 19,059,645 | 1,737.29 | 3.05 |
| Merafe Resources Ltd. | 0 | 8,210,972 | 9.20 | 0.02 | 8,210,972 | 8.95 | 0.02 |
| South32 Ltd. | -1,712,461 | 730,270 | 37.06 | 0.06 | 2,442,731 | 96.10 | 0.17 |
| Industrial Metals and Mining Total | -2,723,976 | 28,878,149 | 3,199.40 | 5.48 | 31,602,125 | 2,498.78 | 4.39 |
| Adcorp Holdings Ltd. | 0 | 2,462,585 | 13.42 | 0.02 | 2,462,585 | 15.17 | 0.03 |
| Industrial Support Services Total | 0 | 2,462,585 | 13.42 | 0.02 | 2,462,585 | 15.17 | 0.03 |
| Super Group Ltd. | 0 | 9,972,929 | 168.54 | 0.29 | 9,972,929 | 188.59 | 0.33 |
| Industrial Transportation Total | 0 | 9,972,929 | 168.54 | 0.29 | 9,972,929 | 188.59 | 0.33 |
| Brait plc | 0 | 16,779,916 | 36.08 | 0.06 | 16,779,916 | 37.42 | 0.07 |
| Brait plc | 0 | 23,848 | 17.92 | 0.03 | 23,848 | 17.91 | 0.03 |
| Coronation Fund Managers Ltd. | 0 | 2,687,752 | 118.18 | 0.20 | 2,687,752 | 125.68 | 0.22 |
| JSE Ltd. | 0 | 542,951 | 86.31 | 0.15 | 542,951 | 77.88 | 0.14 |
| Ninety One Ltd. | -653,841 | 4,818,030 | 245.19 | 0.42 | 5,471,871 | 261.61 | 0.46 |
| Ninety One plc | -182,038 | 2,485,541 | 128.10 | 0.22 | 2,667,579 | 128.79 | 0.23 |
| PSG Financial Services Ltd. | 0 | 6,150,621 | 162.68 | 0.28 | 6,150,621 | 167.60 | 0.29 |
| Quilter plc | 0 | 1,776,073 | 69.69 | 0.12 | 1,776,073 | 72.02 | 0.13 |
| Reinet Investments SCA | -76,130 | 816,582 | 448.91 | 0.77 | 892,712 | 517.77 | 0.91 |
| Remgro Ltd. | 0 | 6,732,650 | 1,262.44 | 2.16 | 6,732,650 | 1,222.72 | 2.15 |
| Investment Banking and Brokerage Services Total | -912,009 | 42,813,964 | 2,575.51 | 4.41 | 43,725,973 | 2,629.40 | 4.62 |
| Momentum Group Ltd. | 0 | 9,244,830 | 331.89 | 0.57 | 9,244,830 | 353.52 | 0.62 |
| Life Insurance Total | 0 | 9,244,830 | 331.89 | 0.57 | 9,244,830 | 353.52 | 0.62 |
| OUTsurance Group Ltd. | 507,687 | 507,687 | 35.37 | 0.06 | 0 | 0.00 | 0.00 |
| Santam Ltd. | 0 | 108,315 | 42.60 | 0.07 | 108,315 | 46.30 | 0.08 |
| Non-life Insurance Total | 507,687 | 616,002 | 77.97 | 0.13 | 108,315 | 46.30 | 0.08 |
| Orbis Global Equity | 23,753 | 1,121,876 | 9,472.73 | 16.22 | 1,098,123 | 9,224.83 | 16.19 |
| Orbis SICAV Emerging Markets Equity | 0 | 187,318 | 152.50 | 0.26 | 187,318 | 148.40 | 0.26 |
| Orbis SICAV Japan Equity (Euro) | 0 | 823,886 | 1,255.93 | 2.15 | 823,886 | 1,221.44 | 2.14 |
| Offshore Intern Total | 23,753 | 2,133,080 | 10,881.16 | 18.63 | 2,109,327 | 10,594.67 | 18.60 |
| Exxaro Resources Ltd. | 362,723 | 3,715,449 | 830.77 | 1.42 | 3,352,726 | 600.14 | 1.05 |
| Thungela Resources Ltd. | -1,224,334 | 1,155,520 | 194.71 | 0.33 | 2,379,854 | 228.47 | 0.40 |
| Oil, Gas and Coal Total | -861,611 | 4,870,969 | 1,025.48 | 1.76 | 5,732,580 | 828.60 | 1.45 |
| Boxer Retail Ltd. | 0 | 2,174,164 | 163.71 | 0.28 | 2,174,164 | 155.13 | 0.27 |
| Dis-Chem Pharmacies Ltd. | 2,599,853 | 14,113,696 | 522.63 | 0.89 | 11,513,843 | 402.98 | 0.71 |
| Pick n Pay Stores Ltd. | 192,192 | 7,668,933 | 145.79 | 0.25 | 7,476,741 | 186.17 | 0.33 |
| Shoprite Holdings Ltd. | 380,933 | 380,933 | 105.85 | 0.18 | 0 | 0.00 | 0.00 |
| The SPAR Group Ltd. | 772,369 | 3,935,641 | 246.96 | 0.42 | 3,163,272 | 302.09 | 0.53 |
| Personal Care, Drug and Grocery Stores Total | 3,945,347 | 28,273,367 | 1,184.95 | 2.03 | 24,328,020 | 1,046.37 | 1.84 |
| Compagnie Financière Richemont SA | 30,283 | 183,785 | 542.37 | 0.93 | 153,502 | 556.76 | 0.98 |
| Personal Goods Total | 30,283 | 183,785 | 542.37 | 0.93 | 153,502 | 556.76 | 0.98 |
| Aspen Pharmacare Holdings Ltd. | 306,581 | 3,484,416 | 453.46 | 0.78 | 3,177,835 | 371.14 | 0.65 |
| Pharmaceuticals and Biotechnology Total | 306,581 | 3,484,416 | 453.46 | 0.78 | 3,177,835 | 371.14 | 0.65 |
| AngloGold Ashanti plc | -169,704 | 1,362,383 | 2,221.45 | 3.80 | 1,532,087 | 2,195.71 | 3.85 |
| DRDGOLD Ltd. | -403,897 | 2,082,848 | 103.08 | 0.18 | 2,486,745 | 130.21 | 0.23 |
| Gold Fields Ltd. | -355,236 | 979,659 | 745.04 | 1.28 | 1,334,895 | 968.75 | 1.70 |
| Northam Platinum Holdings Ltd. | -447,629 | 1,251,312 | 429.24 | 0.74 | 1,698,941 | 572.73 | 1.01 |
| Pan African Resources plc | -4,246,397 | 12,645,557 | 395.68 | 0.68 | 16,891,954 | 454.90 | 0.80 |
| Precious Metals and Mining Total | -5,622,863 | 18,321,759 | 3,894.48 | 6.67 | 23,944,622 | 4,322.29 | 7.59 |
| NEPI Rockcastle NV | 0 | 507,703 | 69.08 | 0.12 | 507,703 | 74.05 | 0.13 |
| Real Estate Investment and Services Total | 0 | 507,703 | 69.08 | 0.12 | 507,703 | 74.05 | 0.13 |
| Hyprop Investments Ltd. | 0 | 1,453,797 | 77.40 | 0.13 | 1,453,797 | 82.90 | 0.15 |
| Real Estate Investment Trusts Total | 0 | 1,453,797 | 77.40 | 0.13 | 1,453,797 | 82.90 | 0.15 |
| Cashbuild Ltd. | 0 | 450,941 | 57.83 | 0.10 | 450,941 | 60.88 | 0.11 |
| Italtile Ltd. | 0 | 4,080,329 | 34.89 | 0.06 | 4,080,329 | 36.93 | 0.06 |
| KAL Group Ltd. | -29,747 | 140,245 | 6.31 | 0.01 | 169,992 | 8.50 | 0.01 |
| Mr Price Group Ltd. | 1,147,061 | 3,583,905 | 546.22 | 0.94 | 2,436,844 | 426.40 | 0.75 |
| The Foschini Group Ltd. | 377,370 | 1,114,349 | 78.35 | 0.13 | 736,979 | 61.87 | 0.11 |
| Truworths International Ltd. | 1,011,156 | 3,457,093 | 178.49 | 0.31 | 2,445,937 | 139.25 | 0.24 |
| We Buy Cars Holdings Ltd. | 1,139,207 | 1,674,459 | 66.16 | 0.11 | 535,252 | 25.60 | 0.04 |
| Woolworths Holdings Ltd. | 908,837 | 22,493,687 | 1,145.83 | 1.96 | 21,584,850 | 1,208.75 | 2.12 |
| Retailers Total | 4,553,884 | 36,995,008 | 2,114.08 | 3.62 | 32,441,124 | 1,968.17 | 3.45 |
| Naspers Ltd. | 0 | 565,039 | 487.48 | 0.83 | 565,039 | 624.09 | 1.10 |
| Prosus NV | 448,743 | 2,430,688 | 1,863.56 | 3.19 | 1,981,945 | 2,028.56 | 3.56 |
| Software and Computer Services Total | 448,743 | 2,995,727 | 2,351.04 | 4.03 | 2,546,984 | 2,652.65 | 4.66 |
| Blu Label Unlimited Group Ltd. | 0 | 15,711,664 | 131.19 | 0.22 | 15,711,664 | 165.60 | 0.29 |
| Cell C Holdings Ltd. | -8,409,573 | 0 | 194.46 | 0.33 | 8,409,573 | 239.67 | 0.42 |
| Telecommunications Service Providers Total | -8,409,573 | 15,711,664 | 325.65 | 0.56 | 24,121,237 | 405.27 | 0.71 |
| British American Tobacco plc | -106,186 | 1,792,568 | 1,784.95 | 3.06 | 1,898,754 | 1,787.15 | 3.14 |
| Tobacco Total | -106,186 | 1,792,568 | 1,784.95 | 3.06 | 1,898,754 | 1,787.15 | 3.14 |
| City Lodge Hotels Ltd. | 0 | 3,388,030 | 14.81 | 0.03 | 3,388,030 | 17.55 | 0.03 |
| Comair Ltd. | 0 | 22,984,377 | 0.00 | 0.00 | 22,984,377 | 0.00 | 0.00 |
| Southern Sun Ltd. | 354,009 | 10,629,936 | 107.68 | 0.18 | 10,275,927 | 105.23 | 0.18 |
| Spur Corporation Ltd. | 0 | 3,472,901 | 135.44 | 0.23 | 3,472,901 | 132.87 | 0.23 |
| Sun International Ltd. | 0 | 4,235,583 | 200.09 | 0.34 | 4,235,583 | 163.71 | 0.29 |
| Tsogo Sun Ltd. | 0 | 14,042,269 | 95.63 | 0.16 | 14,042,269 | 98.30 | 0.17 |
| Travel and Leisure Total | 354,009 | 58,753,096 | 553.65 | 0.95 | 58,399,087 | 517.65 | 0.91 |
| Portfolio Total | 604,505 | 537,585,882 | 58,398.76 | 100.00 | 536,981,377 | 56,964.26 | 100.00 |