| | | |
| Security | Change | # Units | Value (Rm) | % Fund | # Units | Value (Rm) | % Fund |
| SA Bond R186 | 30,000,000 | 30,000,000 | 31.92 | 10.16 | 0 | 0.00 | 0.00 |
| SA Bond R2035 | -13,300,000 | 20,800,000 | 20.61 | 6.56 | 34,100,000 | 32.87 | 15.95 |
| Bond Total | 16,700,000 | 50,800,000 | 52.53 | 16.73 | 34,100,000 | 32.87 | 15.95 |
| Cash on call | 0 | 0 | 15.13 | 4.82 | 0 | 15.53 | 7.53 |
| Cash on call Total | 0 | 0 | 15.13 | 4.82 | 0 | 15.53 | 7.53 |
| Omnia Holdings Ltd. | 125,000 | 150,000 | 10.76 | 3.42 | 25,000 | 1.99 | 0.96 |
| Sasol Ltd. | -20,000 | 0 | 0.00 | 0.00 | 20,000 | 1.61 | 0.78 |
| Chemicals Total | 105,000 | 150,000 | 10.76 | 3.42 | 45,000 | 3.59 | 1.74 |
| NewGold | 15,000 | 50,000 | 30.51 | 9.71 | 35,000 | 18.93 | 9.19 |
| Exchange Traded Funds Total | 15,000 | 50,000 | 30.51 | 9.71 | 35,000 | 18.93 | 9.19 |
| Engelberg BCI Global Feeder - A | 1,405,802 | 4,473,778 | 61.39 | 19.55 | 3,067,976 | 40.86 | 19.83 |
| Flexible Total | 1,405,802 | 4,473,778 | 61.39 | 19.55 | 3,067,976 | 40.86 | 19.83 |
| Engelberg BCI Income FoF - C | -20,448,921 | 0 | 0.00 | 0.00 | 20,448,921 | 20.67 | 10.03 |
| Income Total | -20,448,921 | 0 | 0.00 | 0.00 | 20,448,921 | 20.67 | 10.03 |
| Sappi Ltd. | -250,000 | 0 | 0.00 | 0.00 | 250,000 | 7.47 | 3.62 |
| Industrial Materials Total | -250,000 | 0 | 0.00 | 0.00 | 250,000 | 7.47 | 3.62 |
| African Rainbow Minerals Ltd. | 50,000 | 50,000 | 9.27 | 2.95 | 0 | 0.00 | 0.00 |
| Glencore plc | 50,000 | 200,000 | 16.00 | 5.10 | 150,000 | 10.41 | 5.05 |
| Kumba Iron Ore Ltd. | 15,000 | 30,000 | 9.79 | 3.12 | 15,000 | 4.28 | 2.08 |
| Industrial Metals and Mining Total | 115,000 | 280,000 | 35.06 | 11.16 | 165,000 | 14.69 | 7.13 |
| Reinet Investments SCA | 6,000 | 6,000 | 3.03 | 0.97 | 0 | 0.00 | 0.00 |
| Remgro Ltd. | 20,000 | 20,000 | 3.38 | 1.08 | 0 | 0.00 | 0.00 |
| Investment Banking and Brokerage Services Total | 26,000 | 26,000 | 6.41 | 2.04 | 0 | 0.00 | 0.00 |
| Discovery Ltd. | -5,000 | 0 | 0.00 | 0.00 | 5,000 | 1.08 | 0.52 |
| Life Insurance Total | -5,000 | 0 | 0.00 | 0.00 | 5,000 | 1.08 | 0.52 |
| Compagnie Financière Richemont SA | -1,500 | 0 | 0.00 | 0.00 | 1,500 | 5.00 | 2.43 |
| Personal Goods Total | -1,500 | 0 | 0.00 | 0.00 | 1,500 | 5.00 | 2.43 |
| Aspen Pharmacare Holdings Ltd. | 55,000 | 95,000 | 9.12 | 2.90 | 40,000 | 4.78 | 2.32 |
| Pharmaceuticals and Biotechnology Total | 55,000 | 95,000 | 9.12 | 2.90 | 40,000 | 4.78 | 2.32 |
| AngloGold Ashanti plc | 4,000 | 23,000 | 27.36 | 8.71 | 19,000 | 15.15 | 7.35 |
| Harmony Gold Mining Company Ltd. | 80,000 | 80,000 | 24.56 | 7.82 | 0 | 0.00 | 0.00 |
| Valterra Platinum Ltd. | 4,000 | 10,000 | 12.08 | 3.85 | 6,000 | 4.75 | 2.30 |
| Precious Metals and Mining Total | 88,000 | 113,000 | 64.00 | 20.38 | 25,000 | 19.90 | 9.66 |
| Mr Price Group Ltd. | -5,000 | 0 | 0.00 | 0.00 | 5,000 | 1.11 | 0.54 |
| Retailers Total | -5,000 | 0 | 0.00 | 0.00 | 5,000 | 1.11 | 0.54 |
| Naspers Ltd. | -900 | 2,100 | 13.23 | 4.21 | 3,000 | 16.63 | 8.07 |
| Prosus NV | 10,000 | 13,000 | 15.92 | 5.07 | 3,000 | 2.97 | 1.44 |
| Software and Computer Services Total | 9,100 | 15,100 | 29.16 | 9.28 | 6,000 | 19.60 | 9.51 |
| Portfolio Total | -2,191,519 | 56,002,878 | 314.06 | 100.00 | 58,194,397 | 206.08 | 100.00 |