| | | |
| Security | Change | # Units | Value (Rm) | % Fund | # Units | Value (Rm) | % Fund |
| Absa Group Ltd. | 0 | 105,000 | 19.01 | 1.92 | 105,000 | 18.48 | 1.96 |
| Capitec Bank Holdings Ltd. | 0 | 1,117 | 3.88 | 0.39 | 1,117 | 3.97 | 0.42 |
| FirstRand Ltd. | 0 | 380,003 | 29.51 | 2.99 | 380,003 | 28.76 | 3.06 |
| Standard Bank Group Ltd. | 0 | 114,858 | 27.15 | 2.75 | 114,858 | 26.13 | 2.78 |
| Banks Total | 0 | 600,978 | 79.56 | 8.05 | 600,978 | 77.34 | 8.22 |
| SA Bond I2033 | -10,641,970 | 0 | 0.00 | 0.00 | 10,641,970 | 13.77 | 1.46 |
| SA Bond R2032 | 0 | 18,667,000 | 18.43 | 1.87 | 18,667,000 | 18.21 | 1.94 |
| SA Bond R2035 | 0 | 64,254,000 | 63.59 | 6.44 | 64,254,000 | 61.92 | 6.58 |
| SA Bond R2037 | 0 | 18,698,000 | 17.48 | 1.77 | 18,698,000 | 16.94 | 1.80 |
| SA Bond R2040 | 0 | 42,561,000 | 39.63 | 4.01 | 42,561,000 | 38.39 | 4.08 |
| Bond Total | -10,641,970 | 144,180,000 | 139.13 | 14.08 | 154,821,970 | 149.23 | 15.86 |
| iShares Short Treasury Bond ETF | 0 | 17,817 | 7.11 | 0.72 | 17,817 | 7.28 | 0.77 |
| Bonds Total | 0 | 17,817 | 7.11 | 0.72 | 17,817 | 7.28 | 0.77 |
| Cash on call | 0 | 0 | 19.56 | 1.98 | 0 | 15.72 | 1.67 |
| Cash on call Total | 0 | 0 | 19.56 | 1.98 | 0 | 15.72 | 1.67 |
| Sasol Ltd. | 0 | 78,400 | 8.42 | 0.85 | 78,400 | 6.17 | 0.66 |
| Chemicals Total | 0 | 78,400 | 8.42 | 0.85 | 78,400 | 6.17 | 0.66 |
| Equity Derivative | 0 | 0 | 0.00 | 0.00 | 0 | 12.68 | 1.35 |
| Derivatives Total | 0 | 0 | 0.00 | 0.00 | 0 | 12.68 | 1.35 |
| iShares MSCI World ESG Enhanced UCITS ETF | 0 | 21,446 | 67.18 | 6.80 | 21,446 | 64.55 | 6.86 |
| iShares MSCI World Fund | 0 | 15,000 | 16.89 | 1.71 | 15,000 | 16.53 | 1.76 |
| Equities Total | 0 | 36,446 | 84.07 | 8.51 | 36,446 | 81.09 | 8.62 |
| NewGold | -19,300 | 61,696 | 37.96 | 3.84 | 80,996 | 43.78 | 4.65 |
| Exchange Traded Funds Total | -19,300 | 61,696 | 37.96 | 3.84 | 80,996 | 43.78 | 4.65 |
| Exchange Traded Notes | 94,000 | 94,000 | 11.80 | 1.19 | 0 | 0.00 | 0.00 |
| Exchange Traded Notes Total | 94,000 | 94,000 | 11.80 | 1.19 | 0 | 0.00 | 0.00 |
| Satrix World Equity Tracker Fund | 0 | 335,988 | 11.14 | 1.13 | 335,988 | 10.70 | 1.14 |
| Financial Services Total | 0 | 335,988 | 11.14 | 1.13 | 335,988 | 10.70 | 1.14 |
| European - Currency | 0 | 0 | 0.22 | 0.02 | 0 | 0.23 | 0.02 |
| USA - Currency | 0 | 0 | 28.65 | 2.90 | 0 | 17.68 | 1.88 |
| For Currency Total | 0 | 0 | 28.88 | 2.92 | 0 | 17.91 | 1.90 |
| The Bidvest Group Ltd. | 0 | 84,864 | 17.98 | 1.82 | 84,864 | 19.82 | 2.11 |
| General Industrials Total | 0 | 84,864 | 17.98 | 1.82 | 84,864 | 19.82 | 2.11 |
| Netcare Ltd. | 0 | 1,053,400 | 14.96 | 1.51 | 1,053,400 | 14.69 | 1.56 |
| Health Care Providers Total | 0 | 1,053,400 | 14.96 | 1.51 | 1,053,400 | 14.69 | 1.56 |
| Anglo American plc | -16,341 | 19,765 | 12.78 | 1.29 | 36,106 | 18.98 | 2.02 |
| Glencore plc | 0 | 219,116 | 17.46 | 1.77 | 219,116 | 15.24 | 1.62 |
| Industrial Metals and Mining Total | -16,341 | 238,881 | 30.24 | 3.06 | 255,222 | 34.22 | 3.64 |
| Reinet Investments SCA | 19,600 | 19,600 | 9.90 | 1.00 | 0 | 0.00 | 0.00 |
| Remgro Ltd. | 0 | 69,736 | 11.70 | 1.18 | 69,736 | 11.03 | 1.17 |
| Investment Banking and Brokerage Services Total | 19,600 | 89,336 | 21.59 | 2.19 | 69,736 | 11.03 | 1.17 |
| Sanlam Ltd. | 0 | 111,067 | 9.28 | 0.94 | 111,067 | 9.85 | 1.05 |
| Life Insurance Total | 0 | 111,067 | 9.28 | 0.94 | 111,067 | 9.85 | 1.05 |
| eMedia Holdings Ltd. | 29,261 | 29,261 | 0.05 | 0.01 | 0 | 0.00 | 0.00 |
| Media Total | 29,261 | 29,261 | 0.05 | 0.01 | 0 | 0.00 | 0.00 |
| Momentum Money Market - C1 | 0 | 2 | 0.00 | 0.00 | 2 | 0.00 | 0.00 |
| Nedgroup Inv Money Market - D | 1,475 | 77,322 | 0.08 | 0.01 | 75,847 | 0.08 | 0.01 |
| SIM Money Market - B8 | 67 | 3,583 | 0.00 | 0.00 | 3,516 | 0.00 | 0.00 |
| Money Market Total | 1,542 | 80,907 | 0.08 | 0.01 | 79,365 | 0.08 | 0.01 |
| iShares Global Infrastructure UCITS ETF | 0 | 270,340 | 29.44 | 2.98 | 270,340 | 29.11 | 3.09 |
| Sanlam Global High Quality - C GBP (Acc) | 0 | 1,386,723 | 64.70 | 6.55 | 1,386,723 | 63.47 | 6.74 |
| Sanlam Private Wealth Global Balanced - A | 0 | 3,280,071 | 107.78 | 10.91 | 3,280,071 | 105.66 | 11.23 |
| Offshore Intern Total | 0 | 4,937,134 | 201.92 | 20.44 | 4,937,134 | 198.24 | 21.06 |
| Bid Corporation Ltd. | 6,703 | 35,402 | 15.30 | 1.55 | 28,699 | 13.41 | 1.43 |
| Boxer Retail Ltd. | 0 | 66,853 | 4.62 | 0.47 | 66,853 | 4.63 | 0.49 |
| Clicks Group Ltd. | 0 | 26,300 | 9.27 | 0.94 | 26,300 | 9.76 | 1.04 |
| Shoprite Holdings Ltd. | 36,000 | 36,000 | 9.86 | 1.00 | 0 | 0.00 | 0.00 |
| The SPAR Group Ltd. | -98,468 | 0 | 0.00 | 0.00 | 98,468 | 10.62 | 1.13 |
| Personal Care, Drug and Grocery Stores Total | -55,765 | 164,555 | 39.06 | 3.95 | 220,320 | 38.42 | 4.08 |
| Compagnie Financière Richemont SA | 0 | 7,509 | 24.55 | 2.48 | 7,509 | 25.01 | 2.66 |
| Personal Goods Total | 0 | 7,509 | 24.55 | 2.48 | 7,509 | 25.01 | 2.66 |
| Aspen Pharmacare Holdings Ltd. | 0 | 100,280 | 9.72 | 0.98 | 100,280 | 11.98 | 1.27 |
| Pharmaceuticals and Biotechnology Total | 0 | 100,280 | 9.72 | 0.98 | 100,280 | 11.98 | 1.27 |
| Gold Fields Ltd. | 0 | 44,336 | 32.32 | 3.27 | 44,336 | 18.43 | 1.96 |
| Northam Platinum Holdings Ltd. | -44,500 | 44,429 | 12.48 | 1.26 | 88,929 | 17.05 | 1.81 |
| Valterra Platinum Ltd. | 10,100 | 14,294 | 17.66 | 1.79 | 4,194 | 3.31 | 0.35 |
| Precious Metals and Mining Total | -34,400 | 103,059 | 62.47 | 6.32 | 137,459 | 38.80 | 4.12 |
| Equites Property Fund Ltd. | 0 | 252,980 | 4.06 | 0.41 | 252,980 | 3.83 | 0.41 |
| Stor-Age Property REIT Ltd. | 0 | 428,550 | 6.64 | 0.67 | 428,550 | 6.84 | 0.73 |
| Real Estate Investment Trusts Total | 0 | 681,530 | 10.71 | 1.08 | 681,530 | 10.66 | 1.13 |
| Pepkor Holdings Ltd. | -280,000 | 415,998 | 10.11 | 1.02 | 695,998 | 18.95 | 2.01 |
| Retailers Total | -280,000 | 415,998 | 10.11 | 1.02 | 695,998 | 18.95 | 2.01 |
| Naspers Ltd. | 0 | 6,688 | 41.83 | 4.23 | 6,688 | 36.89 | 3.92 |
| Prosus NV | -3,765 | 47,257 | 57.21 | 5.79 | 51,022 | 50.59 | 5.38 |
| Software and Computer Services Total | -3,765 | 53,945 | 99.05 | 10.02 | 57,710 | 87.48 | 9.30 |
| Vodacom Group Ltd. | 65,000 | 65,000 | 8.66 | 0.88 | 0 | 0.00 | 0.00 |
| Telecommunications Service Providers Total | 65,000 | 65,000 | 8.66 | 0.88 | 0 | 0.00 | 0.00 |
| Portfolio Total | -10,842,138 | 153,622,051 | 988.04 | 100.00 | 164,464,189 | 941.15 | 100.00 |