| | | |
| Security | Change | # Units | Value (Rm) | % Fund | # Units | Value (Rm) | % Fund |
| Absa Group Ltd. | -1,851 | 153,963 | 27.88 | 0.68 | 155,814 | 27.42 | 0.73 |
| Capitec Bank Holdings Ltd. | -179 | 16,002 | 55.59 | 1.35 | 16,181 | 57.46 | 1.53 |
| FirstRand Ltd. | -12,326 | 945,392 | 73.42 | 1.78 | 957,718 | 72.49 | 1.93 |
| Investec plc | -2,592 | 112,400 | 14.40 | 0.35 | 114,992 | 15.20 | 0.40 |
| Nedbank Group Ltd. | -1,294 | 84,440 | 18.03 | 0.44 | 85,734 | 20.84 | 0.55 |
| Standard Bank Group Ltd. | -2,520 | 244,105 | 57.70 | 1.40 | 246,625 | 56.11 | 1.49 |
| Banks Total | -20,762 | 1,556,302 | 247.02 | 6.00 | 1,577,064 | 249.52 | 6.64 |
| Anheuser-Busch InBev SA/NV | -1,104 | 16,248 | 16.68 | 0.41 | 17,352 | 21.15 | 0.56 |
| Beverages Total | -1,104 | 16,248 | 16.68 | 0.41 | 17,352 | 21.15 | 0.56 |
| Cash on call | 0 | 0 | 184.05 | 4.47 | 0 | 137.02 | 3.65 |
| Margin Account | 0 | 0 | 12.00 | 0.29 | 0 | 24.90 | 0.66 |
| Cash on call Total | 0 | 0 | 196.05 | 4.76 | 0 | 161.92 | 4.31 |
| Sasol Ltd. | -1,489 | 109,264 | 11.74 | 0.29 | 110,753 | 8.72 | 0.23 |
| Chemicals Total | -1,489 | 109,264 | 11.74 | 0.29 | 110,753 | 8.72 | 0.23 |
| iShares Core MSCI Emerging Markets IMI UCITS ETF | 0 | 307,746 | 229.33 | 5.57 | 307,746 | 214.86 | 5.72 |
| Vangaurd FTSE All World ETF | 0 | 265,459 | 735.56 | 17.86 | 265,459 | 710.59 | 18.91 |
| Xtrackers MSCI World UCITS ETF | 117,500 | 144,500 | 97.02 | 2.36 | 27,000 | 17.86 | 0.48 |
| Equities Total | 117,500 | 717,705 | 1,061.91 | 25.79 | 600,205 | 943.31 | 25.11 |
| European - Currency | 0 | 0 | 0.00 | 0.00 | 0 | 0.00 | 0.00 |
| United Kingdom - Currency | 0 | 0 | 0.00 | 0.00 | 0 | 0.00 | 0.00 |
| USA - Currency | 0 | 0 | 72.12 | 1.75 | 0 | 99.46 | 2.65 |
| For Currency Total | 0 | 0 | 72.12 | 1.75 | 0 | 99.46 | 2.65 |
| iShares Developed Markets Property Yield UCITS ETF | 0 | 61,000 | 25.63 | 0.62 | 61,000 | 25.68 | 0.68 |
| Foreign Property Total | 0 | 61,000 | 25.63 | 0.62 | 61,000 | 25.68 | 0.68 |
| Mondi plc | -193 | 35,113 | 8.27 | 0.20 | 35,306 | 10.28 | 0.27 |
| The Bidvest Group Ltd. | -714 | 63,128 | 13.37 | 0.32 | 63,842 | 14.91 | 0.40 |
| General Industrials Total | -907 | 98,241 | 21.65 | 0.53 | 99,148 | 25.19 | 0.67 |
| Anglo American plc | -1,441 | 59,387 | 38.39 | 0.93 | 60,828 | 31.97 | 0.85 |
| BHP Group Ltd. | -1,535 | 28,449 | 13.56 | 0.33 | 29,984 | 12.80 | 0.34 |
| Glencore plc | 159,141 | 159,141 | 12.68 | 0.31 | 0 | 0.00 | 0.00 |
| Industrial Metals and Mining Total | 156,165 | 246,977 | 64.64 | 1.57 | 90,812 | 44.78 | 1.19 |
| Reinet Investments SCA | -239 | 24,762 | 12.50 | 0.30 | 25,001 | 14.40 | 0.38 |
| Remgro Ltd. | -1,368 | 92,347 | 15.49 | 0.38 | 93,715 | 14.83 | 0.39 |
| Investment Banking and Brokerage Services Total | -1,607 | 117,109 | 27.99 | 0.68 | 118,716 | 29.23 | 0.78 |
| Discovery Ltd. | -1,278 | 99,531 | 19.61 | 0.48 | 100,809 | 21.65 | 0.58 |
| Old Mutual Ltd. | -13,320 | 760,906 | 10.16 | 0.25 | 774,226 | 9.34 | 0.25 |
| Sanlam Ltd. | -3,335 | 325,893 | 27.24 | 0.66 | 329,228 | 29.19 | 0.78 |
| Life Insurance Total | -17,933 | 1,186,330 | 57.01 | 1.38 | 1,204,263 | 60.19 | 1.60 |
| eMedia Holdings Ltd. | 38,752 | 38,752 | 0.07 | 0.00 | 0 | 0.00 | 0.00 |
| Media Total | 38,752 | 38,752 | 0.07 | 0.00 | 0 | 0.00 | 0.00 |
| OUTsurance Group Ltd. | -2,651 | 158,081 | 11.33 | 0.28 | 160,732 | 12.59 | 0.34 |
| Non-life Insurance Total | -2,651 | 158,081 | 11.33 | 0.28 | 160,732 | 12.59 | 0.34 |
| iShares Core MSCI World UCITS ETF | 0 | 330,424 | 717.19 | 17.42 | 330,424 | 690.85 | 18.39 |
| iShares World Equity Index - A2 | 7,379 | 106,964 | 717.43 | 17.42 | 99,585 | 643.14 | 17.12 |
| Peregrine US Managed Volatility Equity | -4,650 | 31,905 | 112.72 | 2.74 | 36,555 | 128.70 | 3.43 |
| Offshore Intern Total | 2,729 | 469,293 | 1,547.34 | 37.58 | 466,564 | 1,462.69 | 38.93 |
| Bid Corporation Ltd. | -704 | 62,343 | 26.95 | 0.65 | 63,047 | 29.47 | 0.78 |
| Clicks Group Ltd. | -739 | 43,895 | 15.47 | 0.38 | 44,634 | 16.56 | 0.44 |
| Shoprite Holdings Ltd. | -975 | 87,785 | 24.05 | 0.58 | 88,760 | 24.58 | 0.65 |
| Personal Care, Drug and Grocery Stores Total | -2,418 | 194,023 | 66.47 | 1.61 | 196,441 | 70.61 | 1.88 |
| Compagnie Financière Richemont SA | -258 | 8,724 | 28.52 | 0.69 | 8,982 | 29.92 | 0.80 |
| Personal Goods Total | -258 | 8,724 | 28.52 | 0.69 | 8,982 | 29.92 | 0.80 |
| Aspen Pharmacare Holdings Ltd. | -73,224 | 0 | 0.00 | 0.00 | 73,224 | 8.75 | 0.23 |
| Pharmaceuticals and Biotechnology Total | -73,224 | 0 | 0.00 | 0.00 | 73,224 | 8.75 | 0.23 |
| AngloGold Ashanti plc | -593 | 65,882 | 79.95 | 1.94 | 66,475 | 53.24 | 1.42 |
| Gold Fields Ltd. | -1,645 | 164,198 | 119.72 | 2.91 | 165,843 | 68.95 | 1.84 |
| Harmony Gold Mining Company Ltd. | -706 | 101,734 | 32.03 | 0.78 | 102,440 | 25.08 | 0.67 |
| Impala Platinum Holdings Ltd. | -2,275 | 145,171 | 32.02 | 0.78 | 147,446 | 23.43 | 0.62 |
| Northam Platinum Holdings Ltd. | -882 | 65,882 | 18.51 | 0.45 | 66,764 | 12.80 | 0.34 |
| Sibanye Stillwater Ltd. | -9,175 | 521,235 | 25.69 | 0.62 | 530,410 | 17.11 | 0.46 |
| Valterra Platinum Ltd. | 16,718 | 40,566 | 50.11 | 1.22 | 23,848 | 18.85 | 0.50 |
| Precious Metals and Mining Total | 1,442 | 1,104,668 | 358.03 | 8.69 | 1,103,226 | 219.46 | 5.84 |
| NEPI Rockcastle NV | -2,151 | 109,463 | 15.14 | 0.37 | 111,614 | 15.06 | 0.40 |
| Real Estate Investment and Services Total | -2,151 | 109,463 | 15.14 | 0.37 | 111,614 | 15.06 | 0.40 |
| Growthpoint Properties Ltd. | -4,149 | 625,946 | 9.22 | 0.22 | 630,095 | 8.44 | 0.22 |
| Real Estate Investment Trusts Total | -4,149 | 625,946 | 9.22 | 0.22 | 630,095 | 8.44 | 0.22 |
| Mr Price Group Ltd. | -551 | 46,765 | 9.53 | 0.23 | 47,316 | 10.48 | 0.28 |
| Pepkor Holdings Ltd. | 189,772 | 686,804 | 16.70 | 0.41 | 497,032 | 13.53 | 0.36 |
| Woolworths Holdings Ltd. | -2,231 | 166,068 | 8.35 | 0.20 | 168,299 | 8.71 | 0.23 |
| Retailers Total | 186,990 | 899,637 | 34.57 | 0.84 | 712,647 | 32.72 | 0.87 |
| Naspers Ltd. | 47 | 18,045 | 112.87 | 2.74 | 17,998 | 99.27 | 2.64 |
| Prosus NV | -1,229 | 30,781 | 37.27 | 0.91 | 32,010 | 31.74 | 0.84 |
| Software and Computer Services Total | -1,182 | 48,826 | 150.13 | 3.65 | 50,008 | 131.01 | 3.49 |
| MTN Group Ltd. | -12,864 | 326,949 | 47.41 | 1.15 | 339,813 | 47.86 | 1.27 |
| Vodacom Group Ltd. | -767 | 110,943 | 14.79 | 0.36 | 111,710 | 15.27 | 0.41 |
| Telecommunications Service Providers Total | -13,631 | 437,892 | 62.20 | 1.51 | 451,523 | 63.13 | 1.68 |
| British American Tobacco plc | -3,097 | 35,785 | 32.64 | 0.79 | 38,882 | 33.26 | 0.89 |
| Tobacco Total | -3,097 | 35,785 | 32.64 | 0.79 | 38,882 | 33.26 | 0.89 |
| Phumelela Gaming and Leisure Ltd. | 0 | 159,176 | 0.00 | 0.00 | 159,176 | 0.00 | 0.00 |
| Travel & Leisure Total | 0 | 159,176 | 0.00 | 0.00 | 159,176 | 0.00 | 0.00 |
| Portfolio Total | 357,015 | 8,399,442 | 4,118.11 | 100.00 | 8,042,427 | 3,756.79 | 100.00 |