| | | |
| Security | Change | # Units | Value (Rm) | % Fund | # Units | Value (Rm) | % Fund |
| Absa Group Ltd. | 36,328 | 110,057 | 19.37 | 1.55 | 73,729 | 13.05 | 1.25 |
| Capitec Bank Holdings Ltd. | 2,676 | 2,676 | 9.50 | 0.76 | 0 | 0.00 | 0.00 |
| FirstRand Ltd. | 58,831 | 386,070 | 29.22 | 2.35 | 327,239 | 23.51 | 2.25 |
| Investec Ltd. | 0 | 54,558 | 7.22 | 0.58 | 54,558 | 6.22 | 0.60 |
| Investec plc | 0 | 37,481 | 4.95 | 0.40 | 37,481 | 4.27 | 0.41 |
| Nedbank Group Ltd. | 17,035 | 81,479 | 19.80 | 1.59 | 64,444 | 16.58 | 1.59 |
| Standard Bank Group Ltd. | 10,000 | 88,080 | 20.04 | 1.61 | 78,080 | 18.69 | 1.79 |
| Banks Total | 124,870 | 760,401 | 110.11 | 8.84 | 635,531 | 82.32 | 7.89 |
| Anheuser-Busch InBev SA/NV | -3,300 | 10,158 | 12.38 | 0.99 | 13,458 | 15.22 | 1.46 |
| Beverages Total | -3,300 | 10,158 | 12.38 | 0.99 | 13,458 | 15.22 | 1.46 |
| SA Bond I2029 | 2,500,000 | 12,500,000 | 17.19 | 1.38 | 10,000,000 | 13.53 | 1.30 |
| SA Bond I2031 | 5,500,000 | 27,500,000 | 29.91 | 2.40 | 22,000,000 | 23.67 | 2.27 |
| SA Bond I2033 | 2,500,000 | 12,500,000 | 16.18 | 1.30 | 10,000,000 | 12.75 | 1.22 |
| SA Bond I2038 | 4,000,000 | 20,000,000 | 27.96 | 2.24 | 16,000,000 | 22.08 | 2.12 |
| SA Bond R2035 | -15,077,000 | 0 | 0.00 | 0.00 | 15,077,000 | 13.61 | 1.31 |
| SA Bond R2037 | -7,352,000 | 0 | 0.00 | 0.00 | 7,352,000 | 6.22 | 0.60 |
| SA Bond R2040 | -8,000,000 | 0 | 0.00 | 0.00 | 8,000,000 | 6.73 | 0.65 |
| SA Bond R209 | -9,737,000 | 0 | 0.00 | 0.00 | 9,737,000 | 6.90 | 0.66 |
| SA Bond R210 | 2,004,800 | 10,000,000 | 24.69 | 1.98 | 7,995,200 | 19.55 | 1.88 |
| SA Bond SBS31 | 0 | 13,000 | 0.01 | 0.00 | 13,000 | 0.01 | 0.00 |
| Bond Total | -23,661,200 | 82,513,000 | 115.94 | 9.31 | 106,174,200 | 125.06 | 11.99 |
| Cash on call | 0 | 0 | -44.73 | -3.59 | 0 | -33.08 | -3.17 |
| Margin Account | 0 | 0 | 5.53 | 0.44 | 0 | 3.76 | 0.36 |
| Cash on call Total | 0 | 0 | -39.20 | -3.15 | 0 | -29.32 | -2.81 |
| Sasol Ltd. | 0 | 24,023 | 1.89 | 0.15 | 24,023 | 1.84 | 0.18 |
| Chemicals Total | 0 | 24,023 | 1.89 | 0.15 | 24,023 | 1.84 | 0.18 |
| Curro Holdings Ltd. | 112,613 | 555,112 | 5.00 | 0.40 | 442,499 | 3.72 | 0.36 |
| Consumer Services Total | 112,613 | 555,112 | 5.00 | 0.40 | 442,499 | 3.72 | 0.36 |
| Equity Derivative | 0 | 0 | 120.83 | 9.70 | 0 | 60.47 | 5.80 |
| Derivatives Total | 0 | 0 | 120.83 | 9.70 | 0 | 60.47 | 5.80 |
| Sanlam Global Best Ideas Fund | 485,036 | 4,038,790 | 208.75 | 16.75 | 3,553,754 | 170.87 | 16.39 |
| Equities Total | 485,036 | 4,038,790 | 208.75 | 16.75 | 3,553,754 | 170.87 | 16.39 |
| AMC - UBS Denker Global Opportunities Portfolio | -301,840 | 0 | 0.00 | 0.00 | 301,840 | 31.41 | 3.01 |
| NewGold | 22,950 | 22,950 | 12.40 | 1.00 | 0 | 0.00 | 0.00 |
| Exchange Traded Funds Total | -278,890 | 22,950 | 12.40 | 1.00 | 301,840 | 31.41 | 3.01 |
| AVI Ltd. | 0 | 65,059 | 6.12 | 0.49 | 65,059 | 5.77 | 0.55 |
| Libstar Holdings Ltd. | 300,000 | 1,435,617 | 4.52 | 0.36 | 1,135,617 | 3.63 | 0.35 |
| Tiger Brands Ltd. | 3,593 | 32,955 | 10.51 | 0.84 | 29,362 | 8.16 | 0.78 |
| Food Producers Total | 303,593 | 1,533,631 | 21.15 | 1.70 | 1,230,038 | 17.56 | 1.68 |
| USA - Currency | 0 | 0 | 1.07 | 0.09 | 0 | 2.08 | 0.20 |
| For Currency Total | 0 | 0 | 1.07 | 0.09 | 0 | 2.08 | 0.20 |
| Foreign - Bonds | 0 | 0 | 35.64 | 2.86 | 0 | 31.40 | 3.01 |
| Foreign Invest Total | 0 | 0 | 35.64 | 2.86 | 0 | 31.40 | 3.01 |
| The Bidvest Group Ltd. | 4,491 | 42,655 | 9.96 | 0.80 | 38,164 | 8.99 | 0.86 |
| General Industrials Total | 4,491 | 42,655 | 9.96 | 0.80 | 38,164 | 8.99 | 0.86 |
| Life Healthcare Group Holdings Ltd. | 0 | 599,051 | 8.55 | 0.69 | 599,051 | 8.28 | 0.79 |
| Netcare Ltd. | 0 | 346,400 | 4.83 | 0.39 | 346,400 | 4.56 | 0.44 |
| Health Care Providers Total | 0 | 945,451 | 13.39 | 1.07 | 945,451 | 12.85 | 1.23 |
| Anglo American plc | 4,035 | 33,727 | 17.73 | 1.42 | 29,692 | 15.17 | 1.46 |
| BHP Group Ltd. | 4,333 | 24,591 | 10.50 | 0.84 | 20,258 | 8.89 | 0.85 |
| Industrial Metals and Mining Total | 8,368 | 58,318 | 28.23 | 2.27 | 49,950 | 24.06 | 2.31 |
| Hudaco Industries Ltd. | 13,000 | 76,762 | 15.19 | 1.22 | 63,762 | 11.96 | 1.15 |
| Industrial Support Services Total | 13,000 | 76,762 | 15.19 | 1.22 | 63,762 | 11.96 | 1.15 |
| Ninety One Ltd. | 66,912 | 450,162 | 19.51 | 1.57 | 383,250 | 13.33 | 1.28 |
| Remgro Ltd. | 15,000 | 73,663 | 11.65 | 0.94 | 58,663 | 9.26 | 0.89 |
| Investment Banking and Brokerage Services Total | 81,912 | 523,825 | 31.17 | 2.50 | 441,913 | 22.58 | 2.17 |
| Momentum Group Ltd. | 0 | 273,696 | 9.39 | 0.75 | 273,696 | 8.54 | 0.82 |
| Sanlam Ltd. | 0 | 163,640 | 14.51 | 1.16 | 163,640 | 13.54 | 1.30 |
| Life Insurance Total | 0 | 437,336 | 23.89 | 1.92 | 437,336 | 22.08 | 2.12 |
| 0 | 0 | 0.00 | 0.00 | 0 | 5.02 | 0.48 |
| Money Market - 10 months duration | 0 | 0 | 11.24 | 0.90 | 0 | 0.00 | 0.00 |
| Money Market - 11 months duration | 0 | 0 | 0.00 | 0.00 | 0 | 4.06 | 0.39 |
| Money Market - 13 months duration | 0 | 0 | 0.00 | 0.00 | 0 | 11.23 | 1.08 |
| Money Market - 17 months duration | 0 | 0 | 8.10 | 0.65 | 0 | 0.00 | 0.00 |
| Money Market - 18 months duration | 0 | 0 | 12.12 | 0.97 | 0 | 0.00 | 0.00 |
| Money Market - 20 months duration | 0 | 0 | 4.07 | 0.33 | 0 | 8.09 | 0.78 |
| Money Market - 21 months duration | 0 | 0 | 32.26 | 2.59 | 0 | 12.11 | 1.16 |
| Money Market - 23 months duration | 0 | 0 | 0.00 | 0.00 | 0 | 4.06 | 0.39 |
| Money Market - 24 months duration | 0 | 0 | 0.00 | 0.00 | 0 | 32.24 | 3.09 |
| Money Market - 29 months duration | 0 | 0 | 0.00 | 0.00 | 0 | 4.08 | 0.39 |
| Money Market - 33 months duration | 0 | 0 | 0.00 | 0.00 | 0 | 5.02 | 0.48 |
| Money Market - 8 months duration | 0 | 0 | 4.06 | 0.33 | 0 | 0.00 | 0.00 |
| Money Market - 9 months duration | 0 | 0 | 5.02 | 0.40 | 0 | 0.00 | 0.00 |
| Money Market Instrument | 0 | 0 | 109.31 | 8.77 | 0 | 77.58 | 7.44 |
| Money Market Total | 0 | 0 | 186.17 | 14.94 | 0 | 163.48 | 15.68 |
| Santam Ltd. | 0 | 21,208 | 9.08 | 0.73 | 21,208 | 7.91 | 0.76 |
| Non-life Insurance Total | 0 | 21,208 | 9.08 | 0.73 | 21,208 | 7.91 | 0.76 |
| Denker Global Financial | 0 | 70,227 | 54.59 | 4.38 | 70,227 | 49.13 | 4.71 |
| Offshore Intern Total | 0 | 70,227 | 54.59 | 4.38 | 70,227 | 49.13 | 4.71 |
| Bid Corporation Ltd. | 0 | 19,399 | 9.07 | 0.73 | 19,399 | 8.52 | 0.82 |
| Boxer Retail Ltd. | 31,746 | 166,946 | 11.56 | 0.93 | 135,200 | 9.49 | 0.91 |
| Clicks Group Ltd. | 12,129 | 12,129 | 4.50 | 0.36 | 0 | 0.00 | 0.00 |
| Dis-Chem Pharmacies Ltd. | 45,000 | 284,892 | 9.20 | 0.74 | 239,892 | 7.27 | 0.70 |
| Pick n Pay Stores Ltd. | 0 | 168,596 | 4.52 | 0.36 | 168,596 | 4.62 | 0.44 |
| Shoprite Holdings Ltd. | 0 | 16,532 | 4.58 | 0.37 | 16,532 | 4.51 | 0.43 |
| Personal Care, Drug and Grocery Stores Total | 88,875 | 668,494 | 43.43 | 3.49 | 579,619 | 34.41 | 3.30 |
| Compagnie Financière Richemont SA | 0 | 3,090 | 10.29 | 0.83 | 3,090 | 9.79 | 0.94 |
| Personal Goods Total | 0 | 3,090 | 10.29 | 0.83 | 3,090 | 9.79 | 0.94 |
| Northam Platinum Holdings Ltd. | 28,261 | 101,824 | 19.52 | 1.57 | 73,563 | 9.63 | 0.92 |
| Valterra Platinum Ltd. | 7,425 | 14,505 | 11.46 | 0.92 | 7,080 | 5.20 | 0.50 |
| Precious Metals and Mining Total | 35,686 | 116,329 | 30.98 | 2.49 | 80,643 | 14.83 | 1.42 |
| Combined Motor Holdings Ltd. | 35,088 | 241,330 | 7.32 | 0.59 | 206,242 | 6.49 | 0.62 |
| Italtile Ltd. | 102,669 | 560,609 | 5.61 | 0.45 | 457,940 | 4.69 | 0.45 |
| Mr Price Group Ltd. | 4,629 | 55,246 | 12.23 | 0.98 | 50,617 | 11.22 | 1.08 |
| Pepkor Holdings Ltd. | 39,651 | 442,490 | 12.05 | 0.97 | 402,839 | 10.28 | 0.99 |
| The Foschini Group Ltd. | 0 | 57,376 | 7.40 | 0.59 | 57,376 | 7.13 | 0.68 |
| Retailers Total | 182,037 | 1,357,051 | 44.60 | 3.58 | 1,175,014 | 39.81 | 3.82 |
| Naspers Ltd. | 400 | 8,066 | 44.49 | 3.57 | 7,666 | 34.63 | 3.32 |
| Prosus NV | 2,482 | 31,748 | 31.48 | 2.53 | 29,266 | 24.63 | 2.36 |
| Software and Computer Services Total | 2,882 | 39,814 | 75.97 | 6.10 | 36,932 | 59.27 | 5.68 |
| MTN Group Ltd. | 38,131 | 133,650 | 18.82 | 1.51 | 95,519 | 11.77 | 1.13 |
| Telecommunications Service Providers Total | 38,131 | 133,650 | 18.82 | 1.51 | 95,519 | 11.77 | 1.13 |
| British American Tobacco plc | 0 | 20,875 | 17.55 | 1.41 | 20,875 | 15.75 | 1.51 |
| Tobacco Total | 0 | 20,875 | 17.55 | 1.41 | 20,875 | 15.75 | 1.51 |
| Famous Brands Ltd. | 44,417 | 212,198 | 13.30 | 1.07 | 167,781 | 9.73 | 0.93 |
| Sun International Ltd. | 25,961 | 306,412 | 13.39 | 1.07 | 280,451 | 11.63 | 1.12 |
| Travel and Leisure Total | 70,378 | 518,610 | 26.69 | 2.14 | 448,232 | 21.36 | 2.05 |
| Portfolio Total | -22,391,518 | 94,491,760 | 1,245.97 | 100.00 | 116,883,278 | 1,042.67 | 100.00 |