| | | |
| Security | Change | # Units | Value (Rm) | % Fund | # Units | Value (Rm) | % Fund |
| Capitec Bank Holdings Ltd. | 0 | 52,901 | 218.08 | 1.31 | 52,901 | 219.85 | 1.24 |
| FirstRand Ltd. | -175,701 | 2,986,149 | 264.96 | 1.59 | 3,161,850 | 286.94 | 1.62 |
| Standard Bank Group Ltd. | -53,482 | 1,089,817 | 331.79 | 1.99 | 1,143,299 | 332.01 | 1.88 |
| Banks Total | -229,183 | 4,128,867 | 814.83 | 4.88 | 4,358,050 | 838.80 | 4.74 |
| SA Bond BNDS | 0 | 0 | 1,117.64 | 6.69 | 0 | 0.00 | 0.00 |
| SA Bond I2029 | -124,700,000 | 270,747,117 | 392.67 | 2.35 | 395,447,117 | 568.47 | 3.21 |
| SA Bond I2033 | -126,700,000 | 357,500,000 | 499.04 | 2.99 | 484,200,000 | 685.36 | 3.87 |
| SA Bond NI29 | 0 | 187,800,000 | 268.65 | 1.61 | 187,800,000 | 266.01 | 1.50 |
| SA Bond R2035 | 0 | 386,500,000 | 383.04 | 2.29 | 386,500,000 | 414.78 | 2.34 |
| SA Bond R2037 | 354,500,000 | 354,500,000 | 336.43 | 2.01 | 0 | 0.00 | 0.00 |
| SA Bond R209 | 0 | 1,202,944,542 | 967.29 | 5.79 | 1,202,944,542 | 1,047.73 | 5.92 |
| SA Bond R214 | 0 | 0 | 0.00 | 0.00 | 0 | 1,136.90 | 6.42 |
| Bond Total | 103,100,000 | 2,759,991,659 | 3,964.77 | 23.74 | 2,656,891,659 | 4,119.26 | 23.27 |
| Cash on call | 0 | 0 | 68.08 | 0.41 | 0 | 767.80 | 4.34 |
| Cash on call Total | 0 | 0 | 68.08 | 0.41 | 0 | 767.80 | 4.34 |
| Egerton Capital Equity Fund | 165,137 | 165,137 | 460.97 | 2.76 | 0 | 0.00 | 0.00 |
| Equities Total | 165,137 | 165,137 | 460.97 | 2.76 | 0 | 0.00 | 0.00 |
| 1nvestGold ETF | -404,806 | 42,593 | 100.83 | 0.60 | 447,399 | 226.64 | 1.28 |
| NewGold | -122,347 | 325,052 | 235.89 | 1.41 | 447,399 | 297.44 | 1.68 |
| Exchange Traded Funds Total | -527,153 | 367,645 | 336.72 | 2.01 | 894,798 | 524.07 | 2.96 |
| Foreign - Currency | 0 | 0 | 0.00 | 0.00 | 0 | 803.18 | 4.54 |
| USA - Currency | 0 | 0 | 610.67 | 3.66 | 0 | 0.00 | 0.00 |
| For Currency Total | 0 | 0 | 610.67 | 3.66 | 0 | 803.18 | 4.54 |
| Foreign - Bonds | 0 | 0 | 270.06 | 1.62 | 0 | 723.06 | 4.08 |
| Foreign - Equities | 0 | 0 | 3,148.78 | 18.85 | 0 | 5,142.85 | 29.05 |
| Foreign - Unit Trusts | 0 | 0 | 1,191.35 | 7.13 | 0 | 0.00 | 0.00 |
| Foreign Invest Total | 0 | 0 | 4,610.18 | 27.60 | 0 | 5,865.90 | 33.14 |
| Foreign - Property | 0 | 0 | 0.00 | 0.00 | 0 | 106.46 | 0.60 |
| Foreign Property Total | 0 | 0 | 0.00 | 0.00 | 0 | 106.46 | 0.60 |
| Equity | 0 | 0 | 1,662.40 | 9.95 | 0 | 0.00 | 0.00 |
| General Equity Total | 0 | 0 | 1,662.40 | 9.95 | 0 | 0.00 | 0.00 |
| Anglo American plc | 0 | 0 | 0.00 | 0.00 | 0 | 2,039.44 | 11.52 |
| Glencore plc | 373,785 | 2,523,639 | 323.00 | 1.93 | 2,149,854 | 195.96 | 1.11 |
| Industrial Metals and Mining Total | 373,785 | 2,523,639 | 323.00 | 1.93 | 2,149,854 | 2,235.40 | 12.63 |
| PSG Financial Services Ltd. | 0 | 7,199,359 | 190.64 | 1.14 | 7,199,359 | 196.18 | 1.11 |
| Quilter plc | 5,052,635 | 5,052,635 | 199.38 | 1.19 | 0 | 0.00 | 0.00 |
| Investment Banking and Brokerage Services Total | 5,052,635 | 12,251,994 | 390.02 | 2.34 | 7,199,359 | 196.18 | 1.11 |
| Contrarius Global Equity | 1,500,158 | 1,500,158 | 445.51 | 2.67 | 0 | 0.00 | 0.00 |
| Offshore Intern Total | 1,500,158 | 1,500,158 | 445.51 | 2.67 | 0 | 0.00 | 0.00 |
| Dis-Chem Pharmacies Ltd. | 4,567,946 | 4,567,946 | 169.43 | 1.01 | 0 | 0.00 | 0.00 |
| Shoprite Holdings Ltd. | 614,356 | 614,356 | 169.44 | 1.01 | 0 | 0.00 | 0.00 |
| Personal Care, Drug and Grocery Stores Total | 5,182,302 | 5,182,302 | 338.86 | 2.03 | 0 | 0.00 | 0.00 |
| Compagnie Financière Richemont SA | 52,301 | 106,198 | 314.20 | 1.88 | 53,897 | 195.49 | 1.10 |
| Personal Goods Total | 52,301 | 106,198 | 314.20 | 1.88 | 53,897 | 195.49 | 1.10 |
| AngloGold Ashanti plc | -28,282 | 124,823 | 205.01 | 1.23 | 153,105 | 219.42 | 1.24 |
| Northam Platinum Holdings Ltd. | -35,862 | 623,585 | 212.09 | 1.27 | 659,447 | 222.31 | 1.26 |
| Precious Metals and Mining Total | -64,144 | 748,408 | 417.10 | 2.50 | 812,552 | 441.73 | 2.50 |
| Property positions individually less than 1% of fund | 0 | 0 | 571.17 | 3.42 | 0 | 0.00 | 0.00 |
| Real Estate Total | 0 | 0 | 571.17 | 3.42 | 0 | 0.00 | 0.00 |
| Property | 0 | 0 | 222.09 | 1.33 | 0 | 0.00 | 0.00 |
| Real Estate Holding & Development Total | 0 | 0 | 222.09 | 1.33 | 0 | 0.00 | 0.00 |
| Hammerson plc | 0 | 2,534,019 | 173.60 | 1.04 | 2,534,019 | 185.14 | 1.05 |
| Stor-Age Property REIT Ltd. | -1,300,158 | 0 | 0.00 | 0.00 | 1,300,158 | 473.23 | 2.67 |
| Real Estate Investment Trusts Total | -1,300,158 | 2,534,019 | 173.60 | 1.04 | 3,834,177 | 658.37 | 3.72 |
| Naspers Ltd. | 158,978 | 380,855 | 328.28 | 1.97 | 221,877 | 245.02 | 1.38 |
| Prosus NV | -204,785 | 300,019 | 230.61 | 1.38 | 504,804 | 516.68 | 2.92 |
| Software and Computer Services Total | -45,807 | 680,874 | 558.89 | 3.35 | 726,681 | 761.70 | 4.30 |
| Taiwan Semiconductor Manufacturing Co Ltd | 213,734 | 213,734 | 201.96 | 1.21 | 0 | 0.00 | 0.00 |
| Technology Total | 213,734 | 213,734 | 201.96 | 1.21 | 0 | 0.00 | 0.00 |
| MTN Group Ltd. | 0 | 1,106,600 | 216.28 | 1.30 | 1,106,600 | 187.57 | 1.06 |
| Telecommunications Service Providers Total | 0 | 1,106,600 | 216.28 | 1.30 | 1,106,600 | 187.57 | 1.06 |
| Portfolio Total | 113,473,607 | 2,791,501,234 | 16,701.31 | 100.00 | 2,678,027,627 | 17,701.92 | 100.00 |