| | | |
| Security | Change | # Units | Value (Rm) | % Fund | # Units | Value (Rm) | % Fund |
| Absa Group Ltd. | 14,500 | 73,729 | 13.05 | 1.25 | 59,229 | 11.24 | 1.23 |
| FirstRand Ltd. | 70,800 | 327,239 | 23.51 | 2.25 | 256,439 | 19.48 | 2.12 |
| Investec Ltd. | 0 | 54,558 | 6.22 | 0.60 | 54,558 | 6.82 | 0.74 |
| Investec plc | 20,000 | 37,481 | 4.27 | 0.41 | 17,481 | 2.21 | 0.24 |
| Nedbank Group Ltd. | 21,000 | 64,444 | 16.58 | 1.59 | 43,444 | 12.24 | 1.33 |
| Standard Bank Group Ltd. | 16,900 | 78,080 | 18.69 | 1.79 | 61,180 | 13.57 | 1.48 |
| Banks Total | 143,200 | 635,531 | 82.32 | 7.89 | 492,331 | 65.56 | 7.15 |
| Anheuser-Busch InBev SA/NV | 3,000 | 13,458 | 15.22 | 1.46 | 10,458 | 9.81 | 1.07 |
| Beverages Total | 3,000 | 13,458 | 15.22 | 1.46 | 10,458 | 9.81 | 1.07 |
| SA Bond I2025 | -3,556,000 | 0 | 0.00 | 0.00 | 3,556,000 | 6.63 | 0.72 |
| SA Bond I2029 | 0 | 10,000,000 | 13.53 | 1.30 | 10,000,000 | 13.34 | 1.45 |
| SA Bond I2031 | 0 | 22,000,000 | 23.67 | 2.27 | 22,000,000 | 23.66 | 2.58 |
| SA Bond I2033 | 0 | 10,000,000 | 12.75 | 1.22 | 10,000,000 | 12.77 | 1.39 |
| SA Bond I2038 | 0 | 16,000,000 | 22.08 | 2.12 | 16,000,000 | 22.48 | 2.45 |
| SA Bond R2032 | -10,791,000 | 0 | 0.00 | 0.00 | 10,791,000 | 10.22 | 1.11 |
| SA Bond R2035 | 0 | 15,077,000 | 13.61 | 1.31 | 15,077,000 | 14.18 | 1.55 |
| SA Bond R2037 | 0 | 7,352,000 | 6.22 | 0.60 | 7,352,000 | 6.51 | 0.71 |
| SA Bond R2040 | -7,877,000 | 8,000,000 | 6.73 | 0.65 | 15,877,000 | 14.13 | 1.54 |
| SA Bond R2044 | -10,000,000 | 0 | 0.00 | 0.00 | 10,000,000 | 8.49 | 0.93 |
| SA Bond R209 | 0 | 9,737,000 | 6.90 | 0.66 | 9,737,000 | 7.18 | 0.78 |
| SA Bond R210 | 0 | 7,995,200 | 19.55 | 1.88 | 7,995,200 | 19.34 | 2.11 |
| SA Bond R213 | -9,811,000 | 0 | 0.00 | 0.00 | 9,811,000 | 8.95 | 0.98 |
| SA Bond SBS31 | 0 | 13,000 | 0.01 | 0.00 | 13,000 | 0.01 | 0.00 |
| Bond Total | -42,035,000 | 106,174,200 | 125.06 | 11.99 | 148,209,200 | 167.90 | 18.30 |
| Cash on call | 0 | 0 | -33.08 | -3.17 | 0 | 8.33 | 0.91 |
| Margin Account | 0 | 0 | 3.76 | 0.36 | 0 | 2.02 | 0.22 |
| Cash on call Total | 0 | 0 | -29.32 | -2.81 | 0 | 10.35 | 1.13 |
| Sasol Ltd. | 1,800 | 24,023 | 1.84 | 0.18 | 22,223 | 1.85 | 0.20 |
| Chemicals Total | 1,800 | 24,023 | 1.84 | 0.18 | 22,223 | 1.85 | 0.20 |
| Curro Holdings Ltd. | 127,800 | 442,499 | 3.72 | 0.36 | 314,699 | 4.11 | 0.45 |
| Consumer Services Total | 127,800 | 442,499 | 3.72 | 0.36 | 314,699 | 4.11 | 0.45 |
| Equity Derivative | 0 | 0 | 60.47 | 5.80 | 0 | 33.16 | 3.61 |
| Derivatives Total | 0 | 0 | 60.47 | 5.80 | 0 | 33.16 | 3.61 |
| Sanlam Global Best Ideas Fund | 481,209 | 3,553,754 | 170.87 | 16.39 | 3,072,545 | 151.02 | 16.46 |
| Equities Total | 481,209 | 3,553,754 | 170.87 | 16.39 | 3,072,545 | 151.02 | 16.46 |
| AMC - UBS Denker Global Opportunities Portfolio | 43,119 | 301,840 | 31.41 | 3.01 | 258,721 | 26.92 | 2.94 |
| Exchange Traded Funds Total | 43,119 | 301,840 | 31.41 | 3.01 | 258,721 | 26.92 | 2.94 |
| AVI Ltd. | 4,700 | 65,059 | 5.77 | 0.55 | 60,359 | 6.62 | 0.72 |
| Libstar Holdings Ltd. | 82,900 | 1,135,617 | 3.63 | 0.35 | 1,052,717 | 4.58 | 0.50 |
| Tiger Brands Ltd. | 14,362 | 29,362 | 8.16 | 0.78 | 15,000 | 4.34 | 0.47 |
| Food Producers Total | 101,962 | 1,230,038 | 17.56 | 1.68 | 1,128,076 | 15.54 | 1.69 |
| USA - Currency | 0 | 0 | 2.08 | 0.20 | 0 | 0.34 | 0.04 |
| For Currency Total | 0 | 0 | 2.08 | 0.20 | 0 | 0.34 | 0.04 |
| Foreign - Bonds | 0 | 0 | 31.40 | 3.01 | 0 | 47.71 | 5.20 |
| Foreign Invest Total | 0 | 0 | 31.40 | 3.01 | 0 | 47.71 | 5.20 |
| The Bidvest Group Ltd. | 12,700 | 38,164 | 8.99 | 0.86 | 25,464 | 6.71 | 0.73 |
| General Industrials Total | 12,700 | 38,164 | 8.99 | 0.86 | 25,464 | 6.71 | 0.73 |
| Life Healthcare Group Holdings Ltd. | 304,700 | 599,051 | 8.28 | 0.79 | 294,351 | 4.82 | 0.53 |
| Netcare Ltd. | 24,800 | 346,400 | 4.56 | 0.44 | 321,600 | 4.80 | 0.52 |
| Health Care Providers Total | 329,500 | 945,451 | 12.85 | 1.23 | 615,951 | 9.62 | 1.05 |
| Anglo American plc | 4,900 | 29,692 | 15.17 | 1.46 | 24,792 | 13.68 | 1.49 |
| BHP Group Ltd. | 3,800 | 20,258 | 8.89 | 0.85 | 16,458 | 7.58 | 0.83 |
| Industrial Metals and Mining Total | 8,700 | 49,950 | 24.06 | 2.31 | 41,250 | 21.26 | 2.32 |
| Hudaco Industries Ltd. | 12,800 | 63,762 | 11.96 | 1.15 | 50,962 | 11.01 | 1.20 |
| Industrial Support Services Total | 12,800 | 63,762 | 11.96 | 1.15 | 50,962 | 11.01 | 1.20 |
| Coronation Fund Managers Ltd. | -90,718 | 0 | 0.00 | 0.00 | 90,718 | 3.55 | 0.39 |
| Ninety One Ltd. | 186,050 | 383,250 | 13.33 | 1.28 | 197,200 | 6.83 | 0.74 |
| Remgro Ltd. | 4,200 | 58,663 | 9.26 | 0.89 | 54,463 | 8.45 | 0.92 |
| Investment Banking and Brokerage Services Total | 99,532 | 441,913 | 22.58 | 2.17 | 342,381 | 18.83 | 2.05 |
| Momentum Group Ltd. | 52,100 | 273,696 | 8.54 | 0.82 | 221,596 | 6.71 | 0.73 |
| Sanlam Ltd. | 48,100 | 163,640 | 13.54 | 1.30 | 115,540 | 10.04 | 1.09 |
| Life Insurance Total | 100,200 | 437,336 | 22.08 | 2.12 | 337,136 | 16.74 | 1.83 |
| 0 | 0 | 5.02 | 0.48 | 0 | 0.00 | 0.00 |
| Money Market - 11 months duration | 0 | 0 | 4.06 | 0.39 | 0 | 0.00 | 0.00 |
| Money Market - 13 months duration | 0 | 0 | 11.23 | 1.08 | 0 | 0.00 | 0.00 |
| Money Market - 14 months duration | 0 | 0 | 0.00 | 0.00 | 0 | 4.06 | 0.44 |
| Money Market - 15 months duration | 0 | 0 | 0.00 | 0.00 | 0 | 5.02 | 0.55 |
| Money Market - 16 months duration | 0 | 0 | 0.00 | 0.00 | 0 | 11.24 | 1.23 |
| Money Market - 20 months duration | 0 | 0 | 8.09 | 0.78 | 0 | 0.00 | 0.00 |
| Money Market - 21 months duration | 0 | 0 | 12.11 | 1.16 | 0 | 0.00 | 0.00 |
| Money Market - 23 months duration | 0 | 0 | 4.06 | 0.39 | 0 | 8.08 | 0.88 |
| Money Market - 24 months duration | 0 | 0 | 32.24 | 3.09 | 0 | 12.09 | 1.32 |
| Money Market - 26 months duration | 0 | 0 | 0.00 | 0.00 | 0 | 4.06 | 0.44 |
| Money Market - 27 months duration | 0 | 0 | 0.00 | 0.00 | 0 | 32.19 | 3.51 |
| Money Market - 29 months duration | 0 | 0 | 4.08 | 0.39 | 0 | 0.00 | 0.00 |
| Money Market - 33 months duration | 0 | 0 | 5.02 | 0.48 | 0 | 0.00 | 0.00 |
| Money Market - 35 months duration | 0 | 0 | 0.00 | 0.00 | 0 | 4.08 | 0.44 |
| Money Market Instrument | 0 | 0 | 77.58 | 7.44 | 0 | 5.01 | 0.55 |
| Money Market Total | 0 | 0 | 163.48 | 15.68 | 0 | 85.83 | 9.36 |
| Santam Ltd. | 5,400 | 21,208 | 7.91 | 0.76 | 15,808 | 6.21 | 0.68 |
| Non-life Insurance Total | 5,400 | 21,208 | 7.91 | 0.76 | 15,808 | 6.21 | 0.68 |
| Denker Global Financial | 0 | 70,227 | 49.13 | 4.71 | 70,227 | 46.57 | 5.08 |
| Offshore Intern Total | 0 | 70,227 | 49.13 | 4.71 | 70,227 | 46.57 | 5.08 |
| Bid Corporation Ltd. | 4,800 | 19,399 | 8.52 | 0.82 | 14,599 | 6.29 | 0.69 |
| Boxer Retail Ltd. | 45,200 | 135,200 | 9.49 | 0.91 | 90,000 | 5.80 | 0.63 |
| Dis-Chem Pharmacies Ltd. | 136,600 | 239,892 | 7.27 | 0.70 | 103,292 | 3.73 | 0.41 |
| Pick n Pay Stores Ltd. | 0 | 168,596 | 4.62 | 0.44 | 168,596 | 5.18 | 0.56 |
| Shoprite Holdings Ltd. | 4,800 | 16,532 | 4.51 | 0.43 | 11,732 | 3.46 | 0.38 |
| The SPAR Group Ltd. | -40,695 | 0 | 0.00 | 0.00 | 40,695 | 5.95 | 0.65 |
| Personal Care, Drug and Grocery Stores Total | 150,705 | 579,619 | 34.41 | 3.30 | 428,914 | 30.39 | 3.31 |
| Compagnie Financière Richemont SA | 750 | 3,090 | 9.79 | 0.94 | 2,340 | 6.50 | 0.71 |
| Personal Goods Total | 750 | 3,090 | 9.79 | 0.94 | 2,340 | 6.50 | 0.71 |
| Northam Platinum Holdings Ltd. | 5,700 | 73,563 | 9.63 | 0.92 | 67,863 | 6.61 | 0.72 |
| Valterra Platinum Ltd. | 0 | 7,080 | 5.20 | 0.50 | 7,080 | 4.03 | 0.44 |
| Precious Metals and Mining Total | 5,700 | 80,643 | 14.83 | 1.42 | 74,943 | 10.64 | 1.16 |
| Combined Motor Holdings Ltd. | 43,900 | 206,242 | 6.49 | 0.62 | 162,342 | 5.36 | 0.58 |
| Italtile Ltd. | 190,000 | 457,940 | 4.69 | 0.45 | 267,940 | 3.79 | 0.41 |
| Mr Price Group Ltd. | 13,700 | 50,617 | 11.22 | 1.08 | 36,917 | 10.90 | 1.19 |
| Pepkor Holdings Ltd. | 119,300 | 402,839 | 10.28 | 0.99 | 283,539 | 8.21 | 0.89 |
| The Foschini Group Ltd. | 27,100 | 57,376 | 7.13 | 0.68 | 30,276 | 5.09 | 0.55 |
| Retailers Total | 394,000 | 1,175,014 | 39.81 | 3.82 | 781,014 | 33.34 | 3.63 |
| Naspers Ltd. | 2,120 | 7,666 | 34.63 | 3.32 | 5,546 | 23.14 | 2.52 |
| Prosus NV | 3,400 | 29,266 | 24.63 | 2.36 | 25,866 | 19.37 | 2.11 |
| Software and Computer Services Total | 5,520 | 36,932 | 59.27 | 5.68 | 31,412 | 42.52 | 4.64 |
| MTN Group Ltd. | 21,704 | 95,519 | 11.77 | 1.13 | 73,815 | 6.79 | 0.74 |
| Telecommunications Service Providers Total | 21,704 | 95,519 | 11.77 | 1.13 | 73,815 | 6.79 | 0.74 |
| British American Tobacco plc | 1,100 | 20,875 | 15.75 | 1.51 | 19,775 | 13.38 | 1.46 |
| Tobacco Total | 1,100 | 20,875 | 15.75 | 1.51 | 19,775 | 13.38 | 1.46 |
| Famous Brands Ltd. | 51,900 | 167,781 | 9.73 | 0.93 | 115,881 | 8.00 | 0.87 |
| Sun International Ltd. | 80,800 | 280,451 | 11.63 | 1.12 | 199,651 | 8.68 | 0.95 |
| Travel and Leisure Total | 132,700 | 448,232 | 21.36 | 2.05 | 315,532 | 16.68 | 1.82 |
| Portfolio Total | -39,851,899 | 116,883,278 | 1,042.67 | 100.00 | 156,735,177 | 917.27 | 100.00 |