| | | |
| Security | Change | # Units | Value (Rm) | % Fund | # Units | Value (Rm) | % Fund |
| Absa Group Ltd. | 0 | 105,000 | 25.32 | 2.44 | 105,000 | 25.13 | 2.42 |
| Capitec Bank Holdings Ltd. | 0 | 1,117 | 4.60 | 0.44 | 1,117 | 4.64 | 0.45 |
| FirstRand Ltd. | 0 | 476,891 | 41.08 | 3.96 | 476,891 | 43.28 | 4.17 |
| Standard Bank Group Ltd. | 0 | 114,858 | 34.97 | 3.37 | 114,858 | 33.35 | 3.21 |
| Banks Total | 0 | 697,866 | 105.98 | 10.21 | 697,866 | 106.41 | 10.25 |
| SA Bond BNDS | 0 | 0 | 0.00 | 0.00 | 0 | 21.35 | 2.06 |
| SA Bond R2032 | 0 | 18,667,000 | 18.24 | 1.76 | 18,667,000 | 19.55 | 1.88 |
| SA Bond R2035 | 0 | 64,254,000 | 63.68 | 6.14 | 64,254,000 | 68.96 | 6.65 |
| SA Bond R2037 | 0 | 18,698,000 | 17.74 | 1.71 | 18,698,000 | 19.26 | 1.86 |
| SA Bond R2040 | 0 | 42,561,000 | 40.70 | 3.92 | 42,561,000 | 44.34 | 4.27 |
| Bond Total | 0 | 144,180,000 | 140.36 | 13.52 | 144,180,000 | 173.46 | 16.72 |
| iShares Short Treasury Bond ETF | 0 | 17,817 | 6.99 | 0.67 | 17,817 | 6.80 | 0.66 |
| Bonds Total | 0 | 17,817 | 6.99 | 0.67 | 17,817 | 6.80 | 0.66 |
| Cash on call | 0 | 0 | 25.52 | 2.46 | 0 | 38.76 | 3.73 |
| Cash on call Total | 0 | 0 | 25.52 | 2.46 | 0 | 38.76 | 3.73 |
| Sasol Ltd. | -52,000 | 0 | 0.00 | 0.00 | 52,000 | 5.52 | 0.53 |
| Chemicals Total | -52,000 | 0 | 0.00 | 0.00 | 52,000 | 5.52 | 0.53 |
| Bond Derivative | 0 | 0 | 24.12 | 2.32 | 0 | 0.00 | 0.00 |
| Derivatives Total | 0 | 0 | 24.12 | 2.32 | 0 | 0.00 | 0.00 |
| ChevronTexaco Corp | 2,800 | 2,800 | 9.92 | 0.96 | 0 | 0.00 | 0.00 |
| Energy Total | 2,800 | 2,800 | 9.92 | 0.96 | 0 | 0.00 | 0.00 |
| iShares MSCI World ESG Enhanced UCITS ETF | 8,700 | 30,146 | 92.89 | 8.95 | 21,446 | 66.02 | 6.36 |
| iShares MSCI World Fund | 0 | 15,000 | 17.34 | 1.67 | 15,000 | 16.40 | 1.58 |
| Vanguard FTSE Emerging Markets ETF | 24,950 | 50,950 | 47.14 | 4.54 | 26,000 | 23.16 | 2.23 |
| Equities Total | 33,650 | 96,096 | 157.37 | 15.16 | 62,446 | 105.58 | 10.17 |
| NewGold | -20,400 | 41,296 | 29.97 | 2.89 | 61,696 | 41.02 | 3.95 |
| Exchange Traded Funds Total | -20,400 | 41,296 | 29.97 | 2.89 | 61,696 | 41.02 | 3.95 |
| Satrix World Equity Tracker Fund | 0 | 335,988 | 10.97 | 1.06 | 335,988 | 11.02 | 1.06 |
| Scottish Mortgage Investment Trust Plc | 49,000 | 49,000 | 13.17 | 1.27 | 0 | 0.00 | 0.00 |
| Financial Services Total | 49,000 | 384,988 | 24.14 | 2.33 | 335,988 | 11.02 | 1.06 |
| European - Currency | 0 | 0 | 0.22 | 0.02 | 0 | 0.21 | 0.02 |
| United Kingdom - Currency | 0 | 0 | 0.23 | 0.02 | 0 | 0.00 | 0.00 |
| USA - Currency | 0 | 0 | 6.86 | 0.66 | 0 | 4.91 | 0.47 |
| For Currency Total | 0 | 0 | 7.31 | 0.70 | 0 | 5.12 | 0.49 |
| The Bidvest Group Ltd. | 0 | 84,864 | 19.31 | 1.86 | 84,864 | 20.15 | 1.94 |
| General Industrials Total | 0 | 84,864 | 19.31 | 1.86 | 84,864 | 20.15 | 1.94 |
| Netcare Ltd. | 0 | 722,200 | 11.93 | 1.15 | 722,200 | 11.43 | 1.10 |
| Health Care Providers Total | 0 | 722,200 | 11.93 | 1.15 | 722,200 | 11.43 | 1.10 |
| Anglo American plc | 0 | 15,365 | 11.06 | 1.07 | 15,365 | 10.53 | 1.01 |
| Glencore plc | -40,000 | 179,116 | 22.93 | 2.21 | 219,116 | 19.97 | 1.92 |
| Industrial Metals and Mining Total | -40,000 | 194,481 | 33.99 | 3.27 | 234,481 | 30.50 | 2.94 |
| Reinet Investments SCA | 0 | 19,600 | 10.84 | 1.04 | 19,600 | 11.37 | 1.10 |
| Remgro Ltd. | 0 | 69,736 | 13.15 | 1.27 | 69,736 | 12.66 | 1.22 |
| Investment Banking and Brokerage Services Total | 0 | 89,336 | 23.99 | 2.31 | 89,336 | 24.03 | 2.32 |
| Sanlam Ltd. | 0 | 111,067 | 9.88 | 0.95 | 111,067 | 10.94 | 1.05 |
| Life Insurance Total | 0 | 111,067 | 9.88 | 0.95 | 111,067 | 10.94 | 1.05 |
| eMedia Holdings Ltd. | 0 | 29,264 | 0.06 | 0.01 | 29,264 | 0.06 | 0.01 |
| Media Total | 0 | 29,264 | 0.06 | 0.01 | 29,264 | 0.06 | 0.01 |
| Momentum Money Market - C1 | 0 | 2 | 0.00 | 0.00 | 2 | 0.00 | 0.00 |
| Nedgroup Inv Money Market - D | 1,390 | 80,144 | 0.08 | 0.01 | 78,754 | 0.08 | 0.01 |
| SIM Money Market - B8 | 64 | 3,713 | 0.00 | 0.00 | 3,649 | 0.00 | 0.00 |
| Money Market Total | 1,454 | 83,859 | 0.08 | 0.01 | 82,405 | 0.08 | 0.01 |
| OUTsurance Group Ltd. | 135,000 | 135,000 | 9.40 | 0.91 | 0 | 0.00 | 0.00 |
| Non-life Insurance Total | 135,000 | 135,000 | 9.40 | 0.91 | 0 | 0.00 | 0.00 |
| iShares Global Infrastructure UCITS ETF | 0 | 270,340 | 31.88 | 3.07 | 270,340 | 28.41 | 2.74 |
| Sanlam Global High Quality - C GBP (Acc) | 0 | 1,386,723 | 60.16 | 5.80 | 1,386,723 | 63.22 | 6.09 |
| Sanlam Private Wealth Global Balanced - A | -1,640,036 | 1,640,035 | 52.90 | 5.10 | 3,280,071 | 106.19 | 10.23 |
| Offshore Intern Total | -1,640,036 | 3,297,098 | 144.94 | 13.97 | 4,937,134 | 197.81 | 19.06 |
| Bid Corporation Ltd. | 0 | 35,402 | 14.43 | 1.39 | 35,402 | 14.94 | 1.44 |
| Boxer Retail Ltd. | 0 | 66,853 | 5.02 | 0.48 | 66,853 | 4.77 | 0.46 |
| Clicks Group Ltd. | 0 | 44,929 | 13.01 | 1.25 | 44,929 | 15.12 | 1.46 |
| Shoprite Holdings Ltd. | 0 | 36,000 | 9.93 | 0.96 | 36,000 | 9.73 | 0.94 |
| Personal Care, Drug and Grocery Stores Total | 0 | 183,184 | 42.38 | 4.08 | 183,184 | 44.56 | 4.29 |
| Compagnie Financière Richemont SA | 0 | 6,659 | 19.70 | 1.90 | 6,659 | 24.15 | 2.33 |
| Personal Goods Total | 0 | 6,659 | 19.70 | 1.90 | 6,659 | 24.15 | 2.33 |
| Aspen Pharmacare Holdings Ltd. | 0 | 100,280 | 13.18 | 1.27 | 100,280 | 11.71 | 1.13 |
| Pharmaceuticals and Biotechnology Total | 0 | 100,280 | 13.18 | 1.27 | 100,280 | 11.71 | 1.13 |
| AngloGold Ashanti plc | 9,850 | 9,850 | 16.18 | 1.56 | 0 | 0.00 | 0.00 |
| Gold Fields Ltd. | 0 | 44,336 | 33.72 | 3.25 | 44,336 | 32.18 | 3.10 |
| Northam Platinum Holdings Ltd. | 12,000 | 56,429 | 19.19 | 1.85 | 44,429 | 14.98 | 1.44 |
| Valterra Platinum Ltd. | 0 | 14,294 | 20.03 | 1.93 | 14,294 | 20.15 | 1.94 |
| Precious Metals and Mining Total | 21,850 | 124,909 | 89.11 | 8.59 | 103,059 | 67.30 | 6.49 |
| Equites Property Fund Ltd. | 0 | 252,980 | 4.26 | 0.41 | 252,980 | 4.64 | 0.45 |
| Stor-Age Property REIT Ltd. | 0 | 428,550 | 7.16 | 0.69 | 428,550 | 7.68 | 0.74 |
| Real Estate Investment Trusts Total | 0 | 681,530 | 11.42 | 1.10 | 681,530 | 12.33 | 1.19 |
| Pepkor Holdings Ltd. | 228,000 | 643,998 | 14.55 | 1.40 | 415,998 | 11.00 | 1.06 |
| Retailers Total | 228,000 | 643,998 | 14.55 | 1.40 | 415,998 | 11.00 | 1.06 |
| Naspers Ltd. | 0 | 37,716 | 32.51 | 3.13 | 37,716 | 41.66 | 4.01 |
| Prosus NV | 0 | 26,513 | 20.38 | 1.96 | 26,513 | 27.14 | 2.62 |
| Software and Computer Services Total | 0 | 64,229 | 52.89 | 5.10 | 64,229 | 68.79 | 6.63 |
| Vodacom Group Ltd. | 0 | 65,000 | 9.38 | 0.90 | 65,000 | 9.19 | 0.89 |
| Telecommunications Service Providers Total | 0 | 65,000 | 9.38 | 0.90 | 65,000 | 9.19 | 0.89 |
| Portfolio Total | -1,280,682 | 152,037,821 | 1,037.87 | 100.00 | 153,318,503 | 1,037.72 | 100.00 |