| | | |
| Security | Change | # Units | Value (Rm) | % Fund | # Units | Value (Rm) | % Fund |
| Absa Group Ltd. | 21,000 | 131,057 | 31.61 | 1.92 | 110,057 | 19.93 | 1.38 |
| Capitec Bank Holdings Ltd. | 1,806 | 4,482 | 18.48 | 1.12 | 2,676 | 9.30 | 0.64 |
| FirstRand Ltd. | 154,900 | 578,970 | 49.87 | 3.02 | 424,070 | 32.93 | 2.28 |
| Investec Ltd. | 0 | 54,558 | 6.96 | 0.42 | 54,558 | 6.99 | 0.48 |
| Investec plc | 0 | 37,481 | 4.85 | 0.29 | 37,481 | 4.80 | 0.33 |
| Nedbank Group Ltd. | -11,300 | 76,179 | 20.32 | 1.23 | 87,479 | 18.68 | 1.29 |
| Standard Bank Group Ltd. | 6,000 | 107,980 | 32.87 | 1.99 | 101,980 | 24.11 | 1.67 |
| Banks Total | 172,406 | 990,707 | 164.96 | 10.00 | 818,301 | 116.74 | 8.07 |
| Anheuser-Busch InBev SA/NV | -3,900 | 12,658 | 14.92 | 0.90 | 16,558 | 17.00 | 1.18 |
| Beverages Total | -3,900 | 12,658 | 14.92 | 0.90 | 16,558 | 17.00 | 1.18 |
| SA Bond I2029 | 10,000,000 | 22,500,000 | 32.63 | 1.98 | 12,500,000 | 17.53 | 1.21 |
| SA Bond I2031 | 0 | 27,500,000 | 31.14 | 1.89 | 27,500,000 | 30.57 | 2.11 |
| SA Bond I2033 | -12,500,000 | 0 | 0.00 | 0.00 | 12,500,000 | 16.73 | 1.16 |
| SA Bond I2038 | -20,000,000 | 0 | 0.00 | 0.00 | 20,000,000 | 28.98 | 2.00 |
| SA Bond R2040 | 30,000,000 | 30,000,000 | 28.69 | 1.74 | 0 | 0.00 | 0.00 |
| SA Bond R2044 | 35,000,000 | 35,000,000 | 32.31 | 1.96 | 0 | 0.00 | 0.00 |
| SA Bond R210 | -10,000,000 | 0 | 0.00 | 0.00 | 10,000,000 | 25.14 | 1.74 |
| SA Bond RN2030 | 0 | 20,000,000 | 20.28 | 1.23 | 20,000,000 | 20.13 | 1.39 |
| SA Bond RN2035 | 0 | 15,000,000 | 15.59 | 0.95 | 15,000,000 | 15.19 | 1.05 |
| SA Bond SBS31 | 0 | 13,000 | 0.01 | 0.00 | 13,000 | 0.01 | 0.00 |
| Bond Total | 32,500,000 | 150,013,000 | 160.65 | 9.74 | 117,513,000 | 154.27 | 10.67 |
| Cash on call | 0 | 0 | -168.02 | -10.19 | 0 | -53.98 | -3.73 |
| Margin Account | 0 | 0 | 22.08 | 1.34 | 0 | 6.29 | 0.43 |
| Cash on call Total | 0 | 0 | -145.93 | -8.85 | 0 | -47.69 | -3.30 |
| Sasol Ltd. | -36,023 | 0 | 0.00 | 0.00 | 36,023 | 3.87 | 0.27 |
| Chemicals Total | -36,023 | 0 | 0.00 | 0.00 | 36,023 | 3.87 | 0.27 |
| Curro Holdings Ltd. | -555,112 | 0 | 0.00 | 0.00 | 555,112 | 6.66 | 0.46 |
| Consumer Services Total | -555,112 | 0 | 0.00 | 0.00 | 555,112 | 6.66 | 0.46 |
| Equity Derivative | 0 | 0 | 216.37 | 13.12 | 0 | 83.79 | 5.79 |
| Derivatives Total | 0 | 0 | 216.37 | 13.12 | 0 | 83.79 | 5.79 |
| Sanlam Global Best Ideas Fund | 292,998 | 4,714,929 | 246.53 | 14.95 | 4,421,931 | 239.61 | 16.57 |
| Equities Total | 292,998 | 4,714,929 | 246.53 | 14.95 | 4,421,931 | 239.61 | 16.57 |
| NewGold | 47,220 | 71,106 | 51.60 | 3.13 | 23,886 | 14.70 | 1.02 |
| Exchange Traded Funds Total | 47,220 | 71,106 | 51.60 | 3.13 | 23,886 | 14.70 | 1.02 |
| Exchange Traded Notes | -373,021 | 0 | 0.00 | 0.00 | 373,021 | 42.03 | 2.91 |
| Exchange Traded Notes Total | -373,021 | 0 | 0.00 | 0.00 | 373,021 | 42.03 | 2.91 |
| Optasia Ltd. | 780,000 | 780,000 | 15.30 | 0.93 | 0 | 0.00 | 0.00 |
| Finance and Credit Services Total | 780,000 | 780,000 | 15.30 | 0.93 | 0 | 0.00 | 0.00 |
| UBS AG (London) | 12,923 | 12,923 | 21.35 | 1.29 | 0 | 0.00 | 0.00 |
| Financial Services Total | 12,923 | 12,923 | 21.35 | 1.29 | 0 | 0.00 | 0.00 |
| AVI Ltd. | 0 | 65,059 | 6.76 | 0.41 | 65,059 | 6.44 | 0.45 |
| Libstar Holdings Ltd. | 0 | 1,435,617 | 6.32 | 0.38 | 1,435,617 | 6.88 | 0.48 |
| Tiger Brands Ltd. | -9,000 | 23,955 | 7.16 | 0.43 | 32,955 | 10.18 | 0.70 |
| Food Producers Total | -9,000 | 1,524,631 | 20.24 | 1.23 | 1,533,631 | 23.49 | 1.62 |
| USA - Currency | 0 | 0 | 0.22 | 0.01 | 0 | 1.39 | 0.10 |
| For Currency Total | 0 | 0 | 0.22 | 0.01 | 0 | 1.39 | 0.10 |
| Foreign - Bonds | 0 | 0 | 44.63 | 2.71 | 0 | 34.96 | 2.42 |
| Foreign Invest Total | 0 | 0 | 44.63 | 2.71 | 0 | 34.96 | 2.42 |
| The Bidvest Group Ltd. | 6,000 | 63,655 | 14.48 | 0.88 | 57,655 | 12.21 | 0.84 |
| General Industrials Total | 6,000 | 63,655 | 14.48 | 0.88 | 57,655 | 12.21 | 0.84 |
| Life Healthcare Group Holdings Ltd. | 0 | 689,051 | 7.96 | 0.48 | 689,051 | 7.99 | 0.55 |
| Netcare Ltd. | 0 | 436,400 | 7.21 | 0.44 | 436,400 | 6.20 | 0.43 |
| Health Care Providers Total | 0 | 1,125,451 | 15.17 | 0.92 | 1,125,451 | 14.18 | 0.98 |
| Anglo American plc | 6,464 | 40,191 | 28.94 | 1.75 | 33,727 | 21.80 | 1.51 |
| BHP Group Ltd. | 538 | 29,329 | 17.77 | 1.08 | 28,791 | 13.72 | 0.95 |
| Glencore plc | 40,000 | 82,000 | 10.50 | 0.64 | 42,000 | 3.35 | 0.23 |
| Industrial Metals and Mining Total | 47,002 | 151,520 | 57.21 | 3.47 | 104,518 | 38.87 | 2.69 |
| Hudaco Industries Ltd. | 0 | 92,762 | 17.60 | 1.07 | 92,762 | 16.33 | 1.13 |
| Industrial Support Services Total | 0 | 92,762 | 17.60 | 1.07 | 92,762 | 16.33 | 1.13 |
| Ninety One Ltd. | -40,000 | 438,162 | 22.33 | 1.35 | 478,162 | 21.74 | 1.50 |
| Remgro Ltd. | 19,000 | 92,663 | 17.47 | 1.06 | 73,663 | 12.36 | 0.85 |
| Investment Banking and Brokerage Services Total | -21,000 | 530,825 | 39.80 | 2.41 | 551,825 | 34.10 | 2.36 |
| Momentum Group Ltd. | 40,000 | 313,696 | 11.28 | 0.68 | 273,696 | 8.97 | 0.62 |
| Sanlam Ltd. | 20,000 | 213,640 | 19.01 | 1.15 | 193,640 | 16.19 | 1.12 |
| Life Insurance Total | 60,000 | 527,336 | 30.29 | 1.84 | 467,336 | 25.16 | 1.74 |
| eMedia Holdings Ltd. | 4 | 30,912 | 0.07 | 0.00 | 30,908 | 0.06 | 0.00 |
| Media Total | 4 | 30,912 | 0.07 | 0.00 | 30,908 | 0.06 | 0.00 |
| 0 | 0 | 32.28 | 1.96 | 0 | 0.00 | 0.00 |
| Money Market - 1 month duration | 0 | 0 | 11.17 | 0.68 | 0 | 0.00 | 0.00 |
| Money Market - 10 months duration | 0 | 0 | 0.00 | 0.00 | 0 | 15.29 | 1.06 |
| Money Market - 11 months duration | 0 | 0 | 4.06 | 0.25 | 0 | 0.00 | 0.00 |
| Money Market - 14 months duration | 0 | 0 | 0.00 | 0.00 | 0 | 8.09 | 0.56 |
| Money Market - 15 months duration | 0 | 0 | 0.00 | 0.00 | 0 | 12.11 | 0.84 |
| Money Market - 17 months duration | 0 | 0 | 4.08 | 0.25 | 0 | 4.06 | 0.28 |
| Money Market - 18 months duration | 0 | 0 | 0.00 | 0.00 | 0 | 32.26 | 2.23 |
| Money Market - 21 months duration | 0 | 0 | 5.04 | 0.31 | 0 | 0.00 | 0.00 |
| Money Market - 23 months duration | 0 | 0 | 0.00 | 0.00 | 0 | 4.08 | 0.28 |
| Money Market - 27 months duration | 0 | 0 | 0.00 | 0.00 | 0 | 5.02 | 0.35 |
| Money Market - 33 months duration | 0 | 0 | 0.00 | 0.00 | 0 | 22.48 | 1.55 |
| Money Market - 34 months duration | 0 | 0 | 0.00 | 0.00 | 0 | 3.05 | 0.21 |
| Money Market - 4 months duration | 0 | 0 | 15.27 | 0.93 | 0 | 0.00 | 0.00 |
| Money Market - 5 months duration | 0 | 0 | 0.00 | 0.00 | 0 | 4.05 | 0.28 |
| Money Market - 6 months duration | 0 | 0 | 0.00 | 0.00 | 0 | 5.02 | 0.35 |
| Money Market - 7 months duration | 0 | 0 | 0.00 | 0.00 | 0 | 11.22 | 0.78 |
| Money Market - 8 months duration | 0 | 0 | 8.09 | 0.49 | 0 | 0.00 | 0.00 |
| Money Market - 9 months duration | 0 | 0 | 12.11 | 0.73 | 0 | 0.00 | 0.00 |
| Money Market Instrument | 0 | 0 | 78.00 | 4.73 | 0 | 77.72 | 5.38 |
| Money Market Total | 0 | 0 | 170.09 | 10.31 | 0 | 204.45 | 14.14 |
| Santam Ltd. | 12,000 | 39,608 | 15.52 | 0.94 | 27,608 | 10.43 | 0.72 |
| Non-life Insurance Total | 12,000 | 39,608 | 15.52 | 0.94 | 27,608 | 10.43 | 0.72 |
| Denker Global Financial | 2,860 | 81,729 | 72.19 | 4.38 | 78,869 | 64.72 | 4.48 |
| Offshore Intern Total | 2,860 | 81,729 | 72.19 | 4.38 | 78,869 | 64.72 | 4.48 |
| Bid Corporation Ltd. | 16,000 | 41,399 | 16.87 | 1.02 | 25,399 | 10.98 | 0.76 |
| Boxer Retail Ltd. | 0 | 166,946 | 12.53 | 0.76 | 166,946 | 11.55 | 0.80 |
| Clicks Group Ltd. | 46,300 | 65,429 | 18.94 | 1.15 | 19,129 | 6.74 | 0.47 |
| Dis-Chem Pharmacies Ltd. | 0 | 284,892 | 10.60 | 0.64 | 284,892 | 9.33 | 0.65 |
| Pick n Pay Stores Ltd. | -168,596 | 0 | 0.00 | 0.00 | 168,596 | 4.28 | 0.30 |
| Shoprite Holdings Ltd. | 6,000 | 26,532 | 7.32 | 0.44 | 20,532 | 5.63 | 0.39 |
| Personal Care, Drug and Grocery Stores Total | -100,296 | 585,198 | 66.27 | 4.02 | 685,494 | 48.50 | 3.35 |
| Compagnie Financière Richemont SA | 1,000 | 5,190 | 15.36 | 0.93 | 4,190 | 13.70 | 0.95 |
| Personal Goods Total | 1,000 | 5,190 | 15.36 | 0.93 | 4,190 | 13.70 | 0.95 |
| AngloGold Ashanti plc | 16,588 | 16,588 | 27.24 | 1.65 | 0 | 0.00 | 0.00 |
| Gold Fields Ltd. | 32,729 | 32,729 | 24.89 | 1.51 | 0 | 0.00 | 0.00 |
| Northam Platinum Holdings Ltd. | 26,000 | 127,824 | 43.48 | 2.64 | 101,824 | 28.61 | 1.98 |
| Valterra Platinum Ltd. | 2,000 | 20,913 | 29.30 | 1.78 | 18,913 | 23.36 | 1.62 |
| Precious Metals and Mining Total | 77,317 | 198,054 | 124.91 | 7.57 | 120,737 | 51.98 | 3.59 |
| Combined Motor Holdings Ltd. | 0 | 241,330 | 8.49 | 0.51 | 241,330 | 7.96 | 0.55 |
| Italtile Ltd. | 0 | 560,609 | 4.79 | 0.29 | 560,609 | 5.19 | 0.36 |
| Mr Price Group Ltd. | 64,824 | 134,070 | 20.56 | 1.25 | 69,246 | 14.11 | 0.98 |
| Pepkor Holdings Ltd. | 0 | 442,490 | 10.00 | 0.61 | 442,490 | 10.76 | 0.74 |
| The Foschini Group Ltd. | 48,000 | 128,876 | 9.09 | 0.55 | 80,876 | 8.82 | 0.61 |
| Woolworths Holdings Ltd. | 0 | 240,000 | 12.17 | 0.74 | 240,000 | 12.07 | 0.83 |
| Retailers Total | 112,824 | 1,747,375 | 65.11 | 3.95 | 1,634,551 | 58.91 | 4.07 |
| Naspers Ltd. | 34,664 | 43,330 | 37.35 | 2.26 | 8,666 | 54.20 | 3.75 |
| Prosus NV | 0 | 31,748 | 24.40 | 1.48 | 31,748 | 38.44 | 2.66 |
| Software and Computer Services Total | 34,664 | 75,078 | 61.75 | 3.74 | 40,414 | 92.64 | 6.41 |
| MTN Group Ltd. | -25,000 | 157,650 | 30.81 | 1.87 | 182,650 | 26.48 | 1.83 |
| Telecommunications Service Providers Total | -25,000 | 157,650 | 30.81 | 1.87 | 182,650 | 26.48 | 1.83 |
| British American Tobacco plc | 0 | 19,075 | 18.92 | 1.15 | 19,075 | 17.40 | 1.20 |
| Tobacco Total | 0 | 19,075 | 18.92 | 1.15 | 19,075 | 17.40 | 1.20 |
| Famous Brands Ltd. | 0 | 212,198 | 10.71 | 0.65 | 212,198 | 11.35 | 0.79 |
| Sun International Ltd. | -85,000 | 251,412 | 11.91 | 0.72 | 336,412 | 13.57 | 0.94 |
| Travel and Leisure Total | -85,000 | 463,610 | 22.61 | 1.37 | 548,610 | 24.93 | 1.72 |
| Portfolio Total | 32,950,866 | 164,014,982 | 1,649.00 | 100.00 | 131,064,116 | 1,445.85 | 100.00 |