| | | |
| Security | Change | # Units | Value (Rm) | % Fund | # Units | Value (Rm) | % Fund |
| Absa Group Ltd. | 1,245 | 1,245 | 0.22 | 0.42 | 0 | 0.00 | 0.00 |
| Capitec Bank Holdings Ltd. | 107 | 107 | 0.38 | 0.73 | 0 | 0.00 | 0.00 |
| FirstRand Ltd. | 5,536 | 5,536 | 0.42 | 0.81 | 0 | 0.00 | 0.00 |
| Investec Ltd. | 492 | 492 | 0.07 | 0.12 | 0 | 0.00 | 0.00 |
| Investec plc | 854 | 854 | 0.11 | 0.22 | 0 | 0.00 | 0.00 |
| Nedbank Group Ltd. | 799 | 799 | 0.20 | 0.37 | 0 | 0.00 | 0.00 |
| Standard Bank Group Ltd. | 1,518 | 1,518 | 0.35 | 0.66 | 0 | 0.00 | 0.00 |
| Banks Total | 10,551 | 10,551 | 1.74 | 3.34 | 0 | 0.00 | 0.00 |
| Anheuser-Busch InBev SA/NV | 172 | 172 | 0.21 | 0.40 | 0 | 0.00 | 0.00 |
| Beverages Total | 172 | 172 | 0.21 | 0.40 | 0 | 0.00 | 0.00 |
| SA Bond I2029 | 695,000 | 695,000 | 0.96 | 1.83 | 0 | 0.00 | 0.00 |
| SA Bond I2031 | 68,000 | 68,000 | 0.07 | 0.14 | 0 | 0.00 | 0.00 |
| SA Bond I2033 | 773,000 | 773,000 | 1.00 | 1.92 | 0 | 0.00 | 0.00 |
| SA Bond I2038 | 832,000 | 832,000 | 1.17 | 2.23 | 0 | 0.00 | 0.00 |
| SA Bond I2043 | 93,000 | 93,000 | 0.10 | 0.20 | 0 | 0.00 | 0.00 |
| SA Bond I2046 | 947,000 | 947,000 | 1.12 | 2.15 | 0 | 0.00 | 0.00 |
| SA Bond I2050 | 1,034,000 | 1,034,000 | 1.21 | 2.33 | 0 | 0.00 | 0.00 |
| SA Bond I2058 | 55,000 | 55,000 | 0.06 | 0.12 | 0 | 0.00 | 0.00 |
| SA Bond R186 | 552,000 | 552,000 | 0.57 | 1.10 | 0 | 0.00 | 0.00 |
| SA Bond R202 | 326,000 | 326,000 | 0.87 | 1.66 | 0 | 0.00 | 0.00 |
| SA Bond R2030 | 599,000 | 599,000 | 0.61 | 1.17 | 0 | 0.00 | 0.00 |
| SA Bond R2032 | 591,000 | 591,000 | 0.58 | 1.11 | 0 | 0.00 | 0.00 |
| SA Bond R2033 | 39,000 | 39,000 | 0.04 | 0.08 | 0 | 0.00 | 0.00 |
| SA Bond R2035 | 619,000 | 619,000 | 0.60 | 1.14 | 0 | 0.00 | 0.00 |
| SA Bond R2037 | 578,000 | 578,000 | 0.52 | 1.00 | 0 | 0.00 | 0.00 |
| SA Bond R2038 | 47,000 | 47,000 | 0.05 | 0.09 | 0 | 0.00 | 0.00 |
| SA Bond R2040 | 506,000 | 506,000 | 0.46 | 0.88 | 0 | 0.00 | 0.00 |
| SA Bond R2044 | 487,000 | 487,000 | 0.41 | 0.79 | 0 | 0.00 | 0.00 |
| SA Bond R2048 | 747,000 | 747,000 | 0.62 | 1.19 | 0 | 0.00 | 0.00 |
| SA Bond R2053 | 118,000 | 118,000 | 0.13 | 0.24 | 0 | 0.00 | 0.00 |
| SA Bond R209 | 159,000 | 159,000 | 0.12 | 0.23 | 0 | 0.00 | 0.00 |
| SA Bond R210 | 274,000 | 274,000 | 0.68 | 1.30 | 0 | 0.00 | 0.00 |
| SA Bond R213 | 375,000 | 375,000 | 0.35 | 0.68 | 0 | 0.00 | 0.00 |
| SA Bond R214 | 143,000 | 143,000 | 0.10 | 0.19 | 0 | 0.00 | 0.00 |
| Bond Total | 10,657,000 | 10,657,000 | 12.41 | 23.79 | 0 | 0.00 | 0.00 |
| Cash on call | 0 | 0 | 0.37 | 0.70 | 0 | 0.00 | 0.00 |
| Cash on call Total | 0 | 0 | 0.37 | 0.70 | 0 | 0.00 | 0.00 |
| Sasol Ltd. | 1,881 | 1,881 | 0.15 | 0.29 | 0 | 0.00 | 0.00 |
| Chemicals Total | 1,881 | 1,881 | 0.15 | 0.29 | 0 | 0.00 | 0.00 |
| iShares Core S&P 500 ETF | 247 | 247 | 2.90 | 5.56 | 0 | 0.00 | 0.00 |
| iShares Global Energy ETF | 1,793 | 1,793 | 1.26 | 2.41 | 0 | 0.00 | 0.00 |
| iShares MSCI China ETF | 25,555 | 25,555 | 2.14 | 4.10 | 0 | 0.00 | 0.00 |
| iShares MSCI Global Metals & Mining Producers ETF | 800 | 800 | 0.54 | 1.03 | 0 | 0.00 | 0.00 |
| SPDR Gold Trust ETF | 130 | 130 | 0.70 | 1.34 | 0 | 0.00 | 0.00 |
| Vanguard FTSE Japan UCITS ETF | 1,835 | 1,835 | 1.31 | 2.51 | 0 | 0.00 | 0.00 |
| Equities Total | 30,360 | 30,360 | 8.84 | 16.95 | 0 | 0.00 | 0.00 |
| NewGold | 6,437 | 6,437 | 3.48 | 6.68 | 0 | 0.00 | 0.00 |
| Exchange Traded Funds Total | 6,437 | 6,437 | 3.48 | 6.68 | 0 | 0.00 | 0.00 |
| RFG Holdings Ltd. | 15,045 | 15,045 | 0.25 | 0.48 | 0 | 0.00 | 0.00 |
| Food Producers Total | 15,045 | 15,045 | 0.25 | 0.48 | 0 | 0.00 | 0.00 |
| European - Currency | 0 | 0 | 0.02 | 0.04 | 0 | 0.00 | 0.00 |
| United Kingdom - Currency | 0 | 0 | 0.02 | 0.05 | 0 | 0.00 | 0.00 |
| USA - Currency | 0 | 0 | 0.05 | 0.10 | 0 | 0.00 | 0.00 |
| For Currency Total | 0 | 0 | 0.10 | 0.19 | 0 | 0.00 | 0.00 |
| Foreign - Equities | 0 | 0 | 14.48 | 27.76 | 0 | 0.00 | 0.00 |
| Foreign Invest Total | 0 | 0 | 14.48 | 27.76 | 0 | 0.00 | 0.00 |
| Mondi plc | 524 | 524 | 0.15 | 0.29 | 0 | 0.00 | 0.00 |
| The Bidvest Group Ltd. | 729 | 729 | 0.17 | 0.33 | 0 | 0.00 | 0.00 |
| General Industrials Total | 1,253 | 1,253 | 0.32 | 0.62 | 0 | 0.00 | 0.00 |
| Anglo American plc | 471 | 471 | 0.25 | 0.47 | 0 | 0.00 | 0.00 |
| BHP Group Ltd. | 373 | 373 | 0.16 | 0.30 | 0 | 0.00 | 0.00 |
| Industrial Metals and Mining Total | 844 | 844 | 0.40 | 0.77 | 0 | 0.00 | 0.00 |
| Argent Industrial Ltd. | 10,449 | 10,449 | 0.29 | 0.55 | 0 | 0.00 | 0.00 |
| Invicta Holdings Ltd. | 7,990 | 7,990 | 0.28 | 0.53 | 0 | 0.00 | 0.00 |
| Industrial Support Services Total | 18,439 | 18,439 | 0.57 | 1.08 | 0 | 0.00 | 0.00 |
| Santova Ltd. | 27,304 | 27,304 | 0.25 | 0.47 | 0 | 0.00 | 0.00 |
| Industrial Transportation Total | 27,304 | 27,304 | 0.25 | 0.47 | 0 | 0.00 | 0.00 |
| Reinet Investments SCA | 363 | 363 | 0.21 | 0.40 | 0 | 0.00 | 0.00 |
| Remgro Ltd. | 1,184 | 1,184 | 0.19 | 0.36 | 0 | 0.00 | 0.00 |
| Sabvest Capital Ltd. | 2,636 | 2,636 | 0.26 | 0.50 | 0 | 0.00 | 0.00 |
| Investment Banking and Brokerage Services Total | 4,183 | 4,183 | 0.66 | 1.26 | 0 | 0.00 | 0.00 |
| Clientèle Ltd. | 22,298 | 22,298 | 0.27 | 0.51 | 0 | 0.00 | 0.00 |
| Discovery Ltd. | 1,016 | 1,016 | 0.22 | 0.42 | 0 | 0.00 | 0.00 |
| Old Mutual Ltd. | 12,870 | 12,870 | 0.15 | 0.30 | 0 | 0.00 | 0.00 |
| Sanlam Ltd. | 2,758 | 2,758 | 0.25 | 0.47 | 0 | 0.00 | 0.00 |
| Life Insurance Total | 38,942 | 38,942 | 0.89 | 1.70 | 0 | 0.00 | 0.00 |
| OUTsurance Group Ltd. | 2,448 | 2,448 | 0.19 | 0.37 | 0 | 0.00 | 0.00 |
| Non-life Insurance Total | 2,448 | 2,448 | 0.19 | 0.37 | 0 | 0.00 | 0.00 |
| Bid Corporation Ltd. | 515 | 515 | 0.24 | 0.47 | 0 | 0.00 | 0.00 |
| Clicks Group Ltd. | 524 | 524 | 0.20 | 0.37 | 0 | 0.00 | 0.00 |
| Shoprite Holdings Ltd. | 770 | 770 | 0.22 | 0.41 | 0 | 0.00 | 0.00 |
| Personal Care, Drug and Grocery Stores Total | 1,809 | 1,809 | 0.65 | 1.25 | 0 | 0.00 | 0.00 |
| Compagnie Financière Richemont SA | 71 | 71 | 0.24 | 0.45 | 0 | 0.00 | 0.00 |
| Personal Goods Total | 71 | 71 | 0.24 | 0.45 | 0 | 0.00 | 0.00 |
| Aspen Pharmacare Holdings Ltd. | 1,303 | 1,303 | 0.16 | 0.30 | 0 | 0.00 | 0.00 |
| Pharmaceuticals and Biotechnology Total | 1,303 | 1,303 | 0.16 | 0.30 | 0 | 0.00 | 0.00 |
| AngloGold Ashanti plc | 427 | 427 | 0.34 | 0.65 | 0 | 0.00 | 0.00 |
| Gold Fields Ltd. | 1,001 | 1,001 | 0.42 | 0.80 | 0 | 0.00 | 0.00 |
| Harmony Gold Mining Company Ltd. | 928 | 928 | 0.22 | 0.43 | 0 | 0.00 | 0.00 |
| Impala Platinum Holdings Ltd. | 1,578 | 1,578 | 0.25 | 0.48 | 0 | 0.00 | 0.00 |
| Northam Platinum Holdings Ltd. | 982 | 982 | 0.19 | 0.36 | 0 | 0.00 | 0.00 |
| Pan African Resources plc | 22,599 | 22,599 | 0.25 | 0.48 | 0 | 0.00 | 0.00 |
| Sibanye Stillwater Ltd. | 6,170 | 6,170 | 0.20 | 0.38 | 0 | 0.00 | 0.00 |
| Valterra Platinum Ltd. | 259 | 259 | 0.20 | 0.39 | 0 | 0.00 | 0.00 |
| Precious Metals and Mining Total | 33,944 | 33,944 | 2.08 | 3.98 | 0 | 0.00 | 0.00 |
| NEPI Rockcastle NV | 1,367 | 1,367 | 0.19 | 0.36 | 0 | 0.00 | 0.00 |
| Real Estate Investment and Services Total | 1,367 | 1,367 | 0.19 | 0.36 | 0 | 0.00 | 0.00 |
| Growthpoint Properties Ltd. | 9,590 | 9,590 | 0.13 | 0.24 | 0 | 0.00 | 0.00 |
| Stor-Age Property REIT Ltd. | 14,692 | 14,692 | 0.23 | 0.45 | 0 | 0.00 | 0.00 |
| Real Estate Investment Trusts Total | 24,282 | 24,282 | 0.36 | 0.69 | 0 | 0.00 | 0.00 |
| CA Sales Holdings Ltd. | 14,969 | 14,969 | 0.26 | 0.50 | 0 | 0.00 | 0.00 |
| Lewis Group Ltd. | 3,215 | 3,215 | 0.26 | 0.49 | 0 | 0.00 | 0.00 |
| Mr Price Group Ltd. | 684 | 684 | 0.15 | 0.29 | 0 | 0.00 | 0.00 |
| Pepkor Holdings Ltd. | 6,746 | 6,746 | 0.18 | 0.35 | 0 | 0.00 | 0.00 |
| Woolworths Holdings Ltd. | 2,756 | 2,756 | 0.14 | 0.27 | 0 | 0.00 | 0.00 |
| Retailers Total | 28,370 | 28,370 | 1.00 | 1.91 | 0 | 0.00 | 0.00 |
| Datatec Ltd. | 4,228 | 4,228 | 0.28 | 0.53 | 0 | 0.00 | 0.00 |
| Naspers Ltd. | 103 | 103 | 0.57 | 1.09 | 0 | 0.00 | 0.00 |
| Prosus NV | 267 | 267 | 0.26 | 0.51 | 0 | 0.00 | 0.00 |
| Software and Computer Services Total | 4,598 | 4,598 | 1.11 | 2.13 | 0 | 0.00 | 0.00 |
| MTN Group Ltd. | 2,397 | 2,397 | 0.34 | 0.65 | 0 | 0.00 | 0.00 |
| Vodacom Group Ltd. | 1,457 | 1,457 | 0.20 | 0.38 | 0 | 0.00 | 0.00 |
| Telecommunications Service Providers Total | 3,854 | 3,854 | 0.54 | 1.03 | 0 | 0.00 | 0.00 |
| British American Tobacco plc | 618 | 618 | 0.53 | 1.01 | 0 | 0.00 | 0.00 |
| Tobacco Total | 618 | 618 | 0.53 | 1.01 | 0 | 0.00 | 0.00 |
| Portfolio Total | 10,915,075 | 10,915,075 | 52.15 | 100.00 | 0 | 0.00 | 0.00 |