| | | |
| Security | Change | # Units | Value (Rm) | % Fund | # Units | Value (Rm) | % Fund |
| Absa Group Ltd. | 0 | 476,008 | 83.63 | 0.16 | 476,008 | 84.29 | 0.18 |
| Capitec Bank Holdings Ltd. | 0 | 27,929 | 99.46 | 0.19 | 27,929 | 86.71 | 0.18 |
| FirstRand Ltd. | 649,039 | 9,391,104 | 713.16 | 1.38 | 8,742,065 | 629.87 | 1.32 |
| Investec Ltd. | 708,141 | 2,632,141 | 348.52 | 0.67 | 1,924,000 | 219.66 | 0.46 |
| Investec plc | 777,029 | 2,537,502 | 335.38 | 0.65 | 1,760,473 | 200.25 | 0.42 |
| Nedbank Group Ltd. | 539,238 | 4,512,859 | 1,102.00 | 2.13 | 3,973,621 | 1,024.48 | 2.15 |
| Standard Bank Group Ltd. | 0 | 6,256,552 | 1,425.68 | 2.75 | 6,256,552 | 1,504.83 | 3.16 |
| Banks Total | 2,673,447 | 25,834,095 | 4,107.83 | 7.94 | 23,160,648 | 3,750.09 | 7.88 |
| Anheuser-Busch InBev SA/NV | -122,865 | 2,097,308 | 2,540.39 | 4.91 | 2,220,173 | 2,514.39 | 5.28 |
| Beverages Total | -122,865 | 2,097,308 | 2,540.39 | 4.91 | 2,220,173 | 2,514.39 | 5.28 |
| Cash on call | 0 | 0 | 2,401.43 | 4.64 | 0 | 1,220.00 | 2.56 |
| Margin Account | 0 | 0 | 17.68 | 0.03 | 0 | 19.97 | 0.04 |
| Cash on call Total | 0 | 0 | 2,419.11 | 4.67 | 0 | 1,239.96 | 2.61 |
| AECI Ltd. | 0 | 640,334 | 68.07 | 0.13 | 640,334 | 62.84 | 0.13 |
| Omnia Holdings Ltd. | 0 | 1,368,556 | 108.49 | 0.21 | 1,368,556 | 92.19 | 0.19 |
| Sasol Ltd. | 345,432 | 6,365,274 | 506.48 | 0.98 | 6,019,842 | 462.14 | 0.97 |
| Chemicals Total | 345,432 | 8,374,164 | 683.04 | 1.32 | 8,028,732 | 617.17 | 1.30 |
| Group Five Ltd. | 1,769,085 | 1,769,085 | 0.00 | 0.00 | 0 | 0.00 | 0.00 |
| Construction & Materials Total | 1,769,085 | 1,769,085 | 0.00 | 0.00 | 0 | 0.00 | 0.00 |
| Basil Read Holdings Ltd. | 56,177,618 | 56,177,618 | 0.00 | 0.00 | 0 | 0.00 | 0.00 |
| Construction and Materials Total | 56,177,618 | 56,177,618 | 0.00 | 0.00 | 0 | 0.00 | 0.00 |
| ADvTECH Ltd. | 2,640,219 | 3,328,316 | 108.20 | 0.21 | 688,097 | 22.69 | 0.05 |
| Consumer Services Total | 2,640,219 | 3,328,316 | 108.20 | 0.21 | 688,097 | 22.69 | 0.05 |
| Allan Gray Africa ex SA Equity | 0 | 198,555 | 846.54 | 1.64 | 198,555 | 749.27 | 1.57 |
| Allan Gray Frontier Markets Equity Fund Limited | -20,096 | 664,392 | 3,045.64 | 5.88 | 684,488 | 2,852.68 | 6.00 |
| Orbis SICAV International Equity Fund | -724,625 | 13,127,925 | 5,819.41 | 11.24 | 13,852,550 | 5,448.73 | 11.45 |
| Equities Total | -744,721 | 13,990,872 | 9,711.59 | 18.77 | 14,735,593 | 9,050.68 | 19.02 |
| 1nvestPlatinum ETF | -56,667 | 590,433 | 138.00 | 0.27 | 647,100 | 114.43 | 0.24 |
| NewPlat | -468,601 | 0 | 0.00 | 0.00 | 468,601 | 82.17 | 0.17 |
| Exchange Traded Funds Total | -525,268 | 590,433 | 138.00 | 0.27 | 1,115,701 | 196.61 | 0.41 |
| Nutun Ltd. | 0 | 616,935 | 0.86 | 0.00 | 616,935 | 1.26 | 0.00 |
| Finance and Credit Services Total | 0 | 616,935 | 0.86 | 0.00 | 616,935 | 1.26 | 0.00 |
| Astral Foods Ltd. | 58,262 | 309,371 | 55.16 | 0.11 | 251,109 | 41.18 | 0.09 |
| AVI Ltd. | 647,425 | 921,869 | 87.36 | 0.17 | 274,444 | 24.44 | 0.05 |
| Libstar Holdings Ltd. | 0 | 5,473,329 | 17.35 | 0.03 | 5,473,329 | 18.61 | 0.04 |
| Oceana Group Ltd. | 1,072,720 | 1,972,576 | 103.56 | 0.20 | 899,856 | 52.39 | 0.11 |
| Premier Group Ltd. | 0 | 1,337,810 | 188.63 | 0.36 | 1,337,810 | 170.29 | 0.36 |
| Tiger Brands Ltd. | 0 | 1,489,791 | 476.81 | 0.92 | 1,489,791 | 416.53 | 0.88 |
| Food Producers Total | 1,778,407 | 11,504,746 | 928.87 | 1.79 | 9,726,339 | 723.45 | 1.52 |
| USA - Currency | 0 | 0 | 56.35 | 0.11 | 0 | 57.80 | 0.12 |
| For Currency Total | 0 | 0 | 56.35 | 0.11 | 0 | 57.80 | 0.12 |
| Foreign - Unit Trust - Bonds | 0 | 0 | 0.00 | 0.00 | 0 | -322.54 | -0.68 |
| Foreign - Unit Trusts | 0 | 0 | 2,564.55 | 4.96 | 0 | 2,751.82 | 5.78 |
| Foreign Invest Total | 0 | 0 | 2,564.55 | 4.96 | 0 | 2,429.28 | 5.11 |
| KAP Ltd. | 0 | 77,268,853 | 154.54 | 0.30 | 77,268,853 | 194.72 | 0.41 |
| Mondi plc | 0 | 3,503,942 | 1,021.96 | 1.97 | 3,503,942 | 958.50 | 2.01 |
| Mpact Ltd. | 0 | 853,920 | 21.77 | 0.04 | 853,920 | 25.62 | 0.05 |
| General Industrials Total | 0 | 81,626,715 | 1,198.27 | 2.32 | 81,626,715 | 1,178.84 | 2.48 |
| Life Healthcare Group Holdings Ltd. | 2,794,968 | 21,372,059 | 305.19 | 0.59 | 18,577,091 | 258.04 | 0.54 |
| Health Care Providers Total | 2,794,968 | 21,372,059 | 305.19 | 0.59 | 18,577,091 | 258.04 | 0.54 |
| Sappi Ltd. | 0 | 12,484,283 | 372.66 | 0.72 | 12,484,283 | 449.43 | 0.94 |
| Industrial Materials Total | 0 | 12,484,283 | 372.66 | 0.72 | 12,484,283 | 449.43 | 0.94 |
| 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. | 137,389 | 1,617,588 | 276.98 | 0.54 | 1,480,199 | 218.05 | 0.46 |
| Anglo American plc | -6,474 | 0 | 0.00 | 0.00 | 6,474 | 3.31 | 0.01 |
| BHP Group Ltd. | 120,177 | 866,758 | 368.45 | 0.71 | 746,581 | 327.91 | 0.69 |
| Glencore plc | 1,584,543 | 13,547,956 | 935.35 | 1.81 | 11,963,413 | 803.10 | 1.69 |
| Merafe Resources Ltd. | 0 | 8,210,972 | 10.76 | 0.02 | 8,210,972 | 9.94 | 0.02 |
| South32 Ltd. | 0 | 4,930,307 | 167.29 | 0.32 | 4,930,307 | 182.47 | 0.38 |
| Industrial Metals and Mining Total | 1,835,635 | 29,173,581 | 1,758.82 | 3.40 | 27,337,946 | 1,544.78 | 3.25 |
| Adcorp Holdings Ltd. | 0 | 2,462,585 | 17.46 | 0.03 | 2,462,585 | 10.44 | 0.02 |
| Industrial Support Services Total | 0 | 2,462,585 | 17.46 | 0.03 | 2,462,585 | 10.44 | 0.02 |
| Super Group Ltd. | 0 | 9,972,929 | 157.97 | 0.31 | 9,972,929 | 279.94 | 0.59 |
| Industrial Transportation Total | 0 | 9,972,929 | 157.97 | 0.31 | 9,972,929 | 279.94 | 0.59 |
| Brait plc | 0 | 16,779,916 | 37.59 | 0.07 | 16,779,916 | 33.56 | 0.07 |
| Brait plc | 0 | 23,848 | 18.84 | 0.04 | 23,848 | 18.13 | 0.04 |
| Coronation Fund Managers Ltd. | -616,357 | 4,016,069 | 158.27 | 0.31 | 4,632,426 | 181.22 | 0.38 |
| JSE Ltd. | -42,642 | 598,988 | 79.62 | 0.15 | 641,630 | 79.83 | 0.17 |
| Ninety One Ltd. | 0 | 4,354,669 | 189.60 | 0.37 | 4,354,669 | 151.11 | 0.32 |
| Ninety One plc | 737,844 | 4,504,292 | 201.03 | 0.39 | 3,766,448 | 130.58 | 0.27 |
| PSG Financial Services Ltd. | -3,404,793 | 7,230,132 | 159.35 | 0.31 | 10,634,925 | 194.41 | 0.41 |
| Quilter plc | 0 | 1,776,073 | 67.21 | 0.13 | 1,776,073 | 62.86 | 0.13 |
| Reinet Investments SCA | 130,942 | 879,137 | 508.53 | 0.98 | 748,195 | 334.62 | 0.70 |
| Remgro Ltd. | 0 | 6,707,398 | 1,053.13 | 2.03 | 6,707,398 | 1,059.57 | 2.23 |
| Investment Banking and Brokerage Services Total | -3,195,006 | 46,870,522 | 2,473.17 | 4.78 | 50,065,528 | 2,245.87 | 4.72 |
| Momentum Group Ltd. | -3,923,184 | 11,268,238 | 387.29 | 0.75 | 15,191,422 | 481.42 | 1.01 |
| Old Mutual Ltd. | 0 | 471,238 | 5.68 | 0.01 | 471,238 | 5.64 | 0.01 |
| Life Insurance Total | -3,923,184 | 11,739,476 | 392.97 | 0.76 | 15,662,660 | 487.05 | 1.02 |
| JCI Ltd. | 157,804,033 | 157,804,033 | 0.00 | 0.00 | 0 | 0.00 | 0.00 |
| Mining Total | 157,804,033 | 157,804,033 | 0.00 | 0.00 | 0 | 0.00 | 0.00 |
| OUTsurance Group Ltd. | -488,656 | 0 | 0.00 | 0.00 | 488,656 | 34.09 | 0.07 |
| Santam Ltd. | 0 | 108,315 | 46.28 | 0.09 | 108,315 | 40.53 | 0.09 |
| Non-life Insurance Total | -488,656 | 108,315 | 46.28 | 0.09 | 596,971 | 74.62 | 0.16 |
| Orbis Global Equity | 3,178 | 1,086,145 | 8,562.82 | 16.55 | 1,082,967 | 7,528.10 | 15.82 |
| Orbis SICAV Emerging Markets Equity | 0 | 187,318 | 135.37 | 0.26 | 187,318 | 114.69 | 0.24 |
| Orbis SICAV Japan Equity (Euro) | -185,525 | 823,886 | 1,200.30 | 2.32 | 1,009,411 | 1,358.85 | 2.86 |
| Offshore Intern Total | -182,347 | 2,097,349 | 9,898.49 | 19.13 | 2,279,696 | 9,001.64 | 18.92 |
| Exxaro Resources Ltd. | 250,571 | 2,974,226 | 436.02 | 0.84 | 2,723,655 | 407.43 | 0.86 |
| Thungela Resources Ltd. | 0 | 1,166,346 | 98.31 | 0.19 | 1,166,346 | 118.69 | 0.25 |
| Oil, Gas and Coal Total | 250,571 | 4,140,572 | 534.33 | 1.03 | 3,890,001 | 526.12 | 1.11 |
| Boxer Retail Ltd. | 511,780 | 1,704,580 | 117.36 | 0.23 | 1,192,800 | 84.20 | 0.18 |
| Pick n Pay Stores Ltd. | 0 | 7,476,741 | 200.60 | 0.39 | 7,476,741 | 206.66 | 0.43 |
| The SPAR Group Ltd. | 334,145 | 2,955,692 | 318.98 | 0.62 | 2,621,547 | 311.52 | 0.65 |
| Personal Care, Drug and Grocery Stores Total | 845,925 | 12,137,013 | 636.94 | 1.23 | 11,291,088 | 602.38 | 1.27 |
| Compagnie Financière Richemont SA | -1,760 | 112,494 | 372.82 | 0.72 | 114,254 | 365.19 | 0.77 |
| Personal Goods Total | -1,760 | 112,494 | 372.82 | 0.72 | 114,254 | 365.19 | 0.77 |
| Adcock Ingram Holdings Ltd. | 284,609 | 809,130 | 40.97 | 0.08 | 524,521 | 25.68 | 0.05 |
| Aspen Pharmacare Holdings Ltd. | 729,460 | 2,536,792 | 302.61 | 0.58 | 1,807,332 | 298.14 | 0.63 |
| Pharmaceuticals and Biotechnology Total | 1,014,069 | 3,345,922 | 343.59 | 0.66 | 2,331,853 | 323.82 | 0.68 |
| AngloGold Ashanti plc | -45,127 | 1,580,025 | 1,252.11 | 2.42 | 1,625,152 | 1,120.96 | 2.36 |
| DRDGOLD Ltd. | 0 | 4,342,349 | 102.52 | 0.20 | 4,342,349 | 123.93 | 0.26 |
| Gold Fields Ltd. | -383,623 | 1,498,440 | 622.65 | 1.20 | 1,882,063 | 769.76 | 1.62 |
| Northam Platinum Holdings Ltd. | 0 | 2,810,325 | 543.74 | 1.05 | 2,810,325 | 373.27 | 0.78 |
| Pan African Resources plc | -6,935,783 | 21,156,561 | 232.30 | 0.45 | 28,092,344 | 288.79 | 0.61 |
| Precious Metals and Mining Total | -7,364,533 | 31,387,700 | 2,753.32 | 5.32 | 38,752,233 | 2,676.72 | 5.63 |
| NEPI Rockcastle NV | 0 | 507,703 | 68.62 | 0.13 | 507,703 | 67.35 | 0.14 |
| Real Estate Investment and Services Total | 0 | 507,703 | 68.62 | 0.13 | 507,703 | 67.35 | 0.14 |
| Hyprop Investments Ltd. | -678,408 | 1,453,797 | 61.71 | 0.12 | 2,132,205 | 89.51 | 0.19 |
| Real Estate Investment Trusts Total | -678,408 | 1,453,797 | 61.71 | 0.12 | 2,132,205 | 89.51 | 0.19 |
| Cashbuild Ltd. | 0 | 450,941 | 69.22 | 0.13 | 450,941 | 68.09 | 0.14 |
| Italtile Ltd. | 0 | 4,080,329 | 40.84 | 0.08 | 4,080,329 | 42.80 | 0.09 |
| KAL Group Ltd. | 0 | 169,992 | 7.15 | 0.01 | 169,992 | 7.08 | 0.01 |
| Pepkor Holdings Ltd. | 0 | 1,310,728 | 35.77 | 0.07 | 1,310,728 | 33.70 | 0.07 |
| Woolworths Holdings Ltd. | 946,985 | 21,152,904 | 1,098.89 | 2.12 | 20,205,919 | 1,043.84 | 2.19 |
| Retailers Total | 946,985 | 27,164,894 | 1,251.87 | 2.42 | 26,217,909 | 1,195.51 | 2.51 |
| Naspers Ltd. | -23,999 | 81,158 | 447.86 | 0.87 | 105,157 | 477.63 | 1.00 |
| Prosus NV | -270,594 | 2,168,188 | 2,141.97 | 4.14 | 2,438,782 | 2,053.23 | 4.32 |
| Software and Computer Services Total | -294,593 | 2,249,346 | 2,589.84 | 5.00 | 2,543,939 | 2,530.86 | 5.32 |
| Blu Label Unlimited Group Ltd. | 0 | 16,623,177 | 236.55 | 0.46 | 16,623,177 | 125.50 | 0.26 |
| MultiChoice Group Ltd. | -232,547 | 2,461,497 | 288.09 | 0.56 | 2,694,044 | 295.86 | 0.62 |
| Telecommunications Service Providers Total | -232,547 | 19,084,674 | 524.64 | 1.01 | 19,317,221 | 421.36 | 0.89 |
| British American Tobacco plc | -181,449 | 2,590,045 | 2,169.19 | 4.19 | 2,771,494 | 2,094.78 | 4.40 |
| Tobacco Total | -181,449 | 2,590,045 | 2,169.19 | 4.19 | 2,771,494 | 2,094.78 | 4.40 |
| City Lodge Hotels Ltd. | 0 | 3,388,030 | 13.21 | 0.03 | 3,388,030 | 13.48 | 0.03 |
| Comair Ltd. | 0 | 22,984,377 | 0.00 | 0.00 | 22,984,377 | 0.00 | 0.00 |
| Southern Sun Ltd. | 0 | 10,275,927 | 89.91 | 0.17 | 10,275,927 | 85.91 | 0.18 |
| Spur Corporation Ltd. | 0 | 3,472,901 | 118.63 | 0.23 | 3,472,901 | 112.87 | 0.24 |
| Sun International Ltd. | 0 | 5,414,242 | 236.44 | 0.46 | 5,414,242 | 225.29 | 0.47 |
| Tsogo Sun Ltd. | 0 | 14,042,269 | 107.99 | 0.21 | 14,042,269 | 117.11 | 0.25 |
| Travel and Leisure Total | 0 | 59,577,746 | 566.19 | 1.09 | 59,577,746 | 554.66 | 1.17 |
| Portfolio Total | 212,941,057 | 663,801,785 | 51,753.14 | 100.00 | 450,860,728 | 47,582.28 | 100.00 |