| | | |
| Security | Change | # Units | Value (Rm) | % Fund | # Units | Value (Rm) | % Fund |
| Absa Group Ltd. | 0 | 105,000 | 25.13 | 2.42 | 105,000 | 19.01 | 1.92 |
| Capitec Bank Holdings Ltd. | 0 | 1,117 | 4.64 | 0.45 | 1,117 | 3.88 | 0.39 |
| FirstRand Ltd. | 96,888 | 476,891 | 43.28 | 4.17 | 380,003 | 29.51 | 2.99 |
| Standard Bank Group Ltd. | 0 | 114,858 | 33.35 | 3.21 | 114,858 | 27.15 | 2.75 |
| Banks Total | 96,888 | 697,866 | 106.41 | 10.25 | 600,978 | 79.56 | 8.05 |
| SA Bond BNDS | 0 | 0 | 21.35 | 2.06 | 0 | 0.00 | 0.00 |
| SA Bond R2032 | 0 | 18,667,000 | 19.55 | 1.88 | 18,667,000 | 18.43 | 1.87 |
| SA Bond R2035 | 0 | 64,254,000 | 68.96 | 6.65 | 64,254,000 | 63.59 | 6.44 |
| SA Bond R2037 | 0 | 18,698,000 | 19.26 | 1.86 | 18,698,000 | 17.48 | 1.77 |
| SA Bond R2040 | 0 | 42,561,000 | 44.34 | 4.27 | 42,561,000 | 39.63 | 4.01 |
| Bond Total | 0 | 144,180,000 | 173.46 | 16.72 | 144,180,000 | 139.13 | 14.08 |
| iShares Short Treasury Bond ETF | 0 | 17,817 | 6.80 | 0.66 | 17,817 | 7.11 | 0.72 |
| Bonds Total | 0 | 17,817 | 6.80 | 0.66 | 17,817 | 7.11 | 0.72 |
| Cash on call | 0 | 0 | 38.76 | 3.73 | 0 | 19.56 | 1.98 |
| Cash on call Total | 0 | 0 | 38.76 | 3.73 | 0 | 19.56 | 1.98 |
| Sasol Ltd. | -26,400 | 52,000 | 5.52 | 0.53 | 78,400 | 8.42 | 0.85 |
| Chemicals Total | -26,400 | 52,000 | 5.52 | 0.53 | 78,400 | 8.42 | 0.85 |
| iShares MSCI World ESG Enhanced UCITS ETF | 0 | 21,446 | 66.02 | 6.36 | 21,446 | 67.18 | 6.80 |
| iShares MSCI World Fund | 0 | 15,000 | 16.40 | 1.58 | 15,000 | 16.89 | 1.71 |
| Vanguard FTSE Emerging Markets ETF | 26,000 | 26,000 | 23.16 | 2.23 | 0 | 0.00 | 0.00 |
| Equities Total | 26,000 | 62,446 | 105.58 | 10.17 | 36,446 | 84.07 | 8.51 |
| NewGold | 0 | 61,696 | 41.02 | 3.95 | 61,696 | 37.96 | 3.84 |
| Exchange Traded Funds Total | 0 | 61,696 | 41.02 | 3.95 | 61,696 | 37.96 | 3.84 |
| Exchange Traded Notes | -94,000 | 0 | 0.00 | 0.00 | 94,000 | 11.80 | 1.19 |
| Exchange Traded Notes Total | -94,000 | 0 | 0.00 | 0.00 | 94,000 | 11.80 | 1.19 |
| Satrix World Equity Tracker Fund | 0 | 335,988 | 11.02 | 1.06 | 335,988 | 11.14 | 1.13 |
| Financial Services Total | 0 | 335,988 | 11.02 | 1.06 | 335,988 | 11.14 | 1.13 |
| European - Currency | 0 | 0 | 0.21 | 0.02 | 0 | 0.22 | 0.02 |
| USA - Currency | 0 | 0 | 4.91 | 0.47 | 0 | 28.65 | 2.90 |
| For Currency Total | 0 | 0 | 5.12 | 0.49 | 0 | 28.88 | 2.92 |
| The Bidvest Group Ltd. | 0 | 84,864 | 20.15 | 1.94 | 84,864 | 17.98 | 1.82 |
| General Industrials Total | 0 | 84,864 | 20.15 | 1.94 | 84,864 | 17.98 | 1.82 |
| Netcare Ltd. | -331,200 | 722,200 | 11.43 | 1.10 | 1,053,400 | 14.96 | 1.51 |
| Health Care Providers Total | -331,200 | 722,200 | 11.43 | 1.10 | 1,053,400 | 14.96 | 1.51 |
| Anglo American plc | -4,400 | 15,365 | 10.53 | 1.01 | 19,765 | 12.78 | 1.29 |
| Glencore plc | 0 | 219,116 | 19.97 | 1.92 | 219,116 | 17.46 | 1.77 |
| Industrial Metals and Mining Total | -4,400 | 234,481 | 30.50 | 2.94 | 238,881 | 30.24 | 3.06 |
| Reinet Investments SCA | 0 | 19,600 | 11.37 | 1.10 | 19,600 | 9.90 | 1.00 |
| Remgro Ltd. | 0 | 69,736 | 12.66 | 1.22 | 69,736 | 11.70 | 1.18 |
| Investment Banking and Brokerage Services Total | 0 | 89,336 | 24.03 | 2.32 | 89,336 | 21.59 | 2.19 |
| Sanlam Ltd. | 0 | 111,067 | 10.94 | 1.05 | 111,067 | 9.28 | 0.94 |
| Life Insurance Total | 0 | 111,067 | 10.94 | 1.05 | 111,067 | 9.28 | 0.94 |
| eMedia Holdings Ltd. | 3 | 29,264 | 0.06 | 0.01 | 29,261 | 0.05 | 0.01 |
| Media Total | 3 | 29,264 | 0.06 | 0.01 | 29,261 | 0.05 | 0.01 |
| Momentum Money Market - C1 | 0 | 2 | 0.00 | 0.00 | 2 | 0.00 | 0.00 |
| Nedgroup Inv Money Market - D | 1,432 | 78,754 | 0.08 | 0.01 | 77,322 | 0.08 | 0.01 |
| SIM Money Market - B8 | 66 | 3,649 | 0.00 | 0.00 | 3,583 | 0.00 | 0.00 |
| Money Market Total | 1,498 | 82,405 | 0.08 | 0.01 | 80,907 | 0.08 | 0.01 |
| iShares Global Infrastructure UCITS ETF | 0 | 270,340 | 28.41 | 2.74 | 270,340 | 29.44 | 2.98 |
| Sanlam Global High Quality - C GBP (Acc) | 0 | 1,386,723 | 63.22 | 6.09 | 1,386,723 | 64.70 | 6.55 |
| Sanlam Private Wealth Global Balanced - A | 0 | 3,280,071 | 106.19 | 10.23 | 3,280,071 | 107.78 | 10.91 |
| Offshore Intern Total | 0 | 4,937,134 | 197.81 | 19.06 | 4,937,134 | 201.92 | 20.44 |
| Bid Corporation Ltd. | 0 | 35,402 | 14.94 | 1.44 | 35,402 | 15.30 | 1.55 |
| Boxer Retail Ltd. | 0 | 66,853 | 4.77 | 0.46 | 66,853 | 4.62 | 0.47 |
| Clicks Group Ltd. | 18,629 | 44,929 | 15.12 | 1.46 | 26,300 | 9.27 | 0.94 |
| Shoprite Holdings Ltd. | 0 | 36,000 | 9.73 | 0.94 | 36,000 | 9.86 | 1.00 |
| Personal Care, Drug and Grocery Stores Total | 18,629 | 183,184 | 44.56 | 4.29 | 164,555 | 39.06 | 3.95 |
| Compagnie Financière Richemont SA | -850 | 6,659 | 24.15 | 2.33 | 7,509 | 24.55 | 2.48 |
| Personal Goods Total | -850 | 6,659 | 24.15 | 2.33 | 7,509 | 24.55 | 2.48 |
| Aspen Pharmacare Holdings Ltd. | 0 | 100,280 | 11.71 | 1.13 | 100,280 | 9.72 | 0.98 |
| Pharmaceuticals and Biotechnology Total | 0 | 100,280 | 11.71 | 1.13 | 100,280 | 9.72 | 0.98 |
| Gold Fields Ltd. | 0 | 44,336 | 32.18 | 3.10 | 44,336 | 32.32 | 3.27 |
| Northam Platinum Holdings Ltd. | 0 | 44,429 | 14.98 | 1.44 | 44,429 | 12.48 | 1.26 |
| Valterra Platinum Ltd. | 0 | 14,294 | 20.15 | 1.94 | 14,294 | 17.66 | 1.79 |
| Precious Metals and Mining Total | 0 | 103,059 | 67.30 | 6.49 | 103,059 | 62.47 | 6.32 |
| Equites Property Fund Ltd. | 0 | 252,980 | 4.64 | 0.45 | 252,980 | 4.06 | 0.41 |
| Stor-Age Property REIT Ltd. | 0 | 428,550 | 7.68 | 0.74 | 428,550 | 6.64 | 0.67 |
| Real Estate Investment Trusts Total | 0 | 681,530 | 12.33 | 1.19 | 681,530 | 10.71 | 1.08 |
| Pepkor Holdings Ltd. | 0 | 415,998 | 11.00 | 1.06 | 415,998 | 10.11 | 1.02 |
| Retailers Total | 0 | 415,998 | 11.00 | 1.06 | 415,998 | 10.11 | 1.02 |
| Naspers Ltd. | 31,028 | 37,716 | 41.66 | 4.01 | 6,688 | 41.83 | 4.23 |
| Prosus NV | -20,744 | 26,513 | 27.14 | 2.62 | 47,257 | 57.21 | 5.79 |
| Software and Computer Services Total | 10,284 | 64,229 | 68.79 | 6.63 | 53,945 | 99.05 | 10.02 |
| Vodacom Group Ltd. | 0 | 65,000 | 9.19 | 0.89 | 65,000 | 8.66 | 0.88 |
| Telecommunications Service Providers Total | 0 | 65,000 | 9.19 | 0.89 | 65,000 | 8.66 | 0.88 |
| Portfolio Total | -303,548 | 153,318,503 | 1,037.72 | 100.00 | 153,622,051 | 988.04 | 100.00 |