| | | |
| Security | Change | # Units | Value (Rm) | % Fund | # Units | Value (Rm) | % Fund |
| Capitec Bank Holdings Ltd. | 0 | 34,374 | 122.06 | 2.06 | 34,374 | 106.65 | 1.92 |
| Capricorn Group Ltd. | 55,351 | 2,832,627 | 61.30 | 1.04 | 2,777,276 | 59.04 | 1.06 |
| FirstRand Ltd. | 0 | 1,358,827 | 102.85 | 1.74 | 1,358,827 | 97.62 | 1.76 |
| FirstRand Namibia Ltd. | 29,990 | 3,129,973 | 147.48 | 2.49 | 3,099,983 | 145.42 | 2.62 |
| Investec Ltd. | 0 | 330,595 | 43.72 | 0.74 | 330,595 | 37.68 | 0.68 |
| Nedbank Group Ltd. | -110,944 | 118,821 | 28.88 | 0.49 | 229,765 | 59.11 | 1.06 |
| SBN Holdings Ltd. | 97,261 | 750,114 | 7.91 | 0.13 | 652,853 | 6.54 | 0.12 |
| Standard Bank Group Ltd. | 63,135 | 441,282 | 100.40 | 1.70 | 378,147 | 90.53 | 1.63 |
| Banks Total | 134,793 | 8,996,613 | 614.62 | 10.38 | 8,861,820 | 602.59 | 10.86 |
| Namibia Breweries Ltd. | -23,070 | 2,186,179 | 63.18 | 1.07 | 2,209,249 | 63.96 | 1.15 |
| Beverages Total | -23,070 | 2,186,179 | 63.18 | 1.07 | 2,209,249 | 63.96 | 1.15 |
| SA Bond NAM04 | 0 | 3,750,000 | 3.96 | 0.07 | 3,750,000 | 3.85 | 0.07 |
| Bond Total | 0 | 3,750,000 | 3.96 | 0.07 | 3,750,000 | 3.85 | 0.07 |
| Cash on call | 0 | 0 | -0.95 | -0.02 | 0 | -39.27 | -0.71 |
| Margin Account | 0 | 0 | 50.03 | 0.85 | 0 | 45.78 | 0.82 |
| Namibia Cash | 0 | 0 | 756.13 | 12.77 | 0 | 621.47 | 11.20 |
| Cash on call Total | 0 | 0 | 805.21 | 13.60 | 0 | 627.99 | 11.31 |
| Alpha Namibia Industries Renewable Energy Power | 0 | 579,035 | 5.21 | 0.09 | 579,035 | 5.21 | 0.09 |
| Electricity Total | 0 | 579,035 | 5.21 | 0.09 | 579,035 | 5.21 | 0.09 |
| Investec GSF Global Balanced Fund | 2,897,499 | 2,897,499 | 1,923.85 | 32.50 | 0 | 0.00 | 0.00 |
| Equities Total | 2,897,499 | 2,897,499 | 1,923.85 | 32.50 | 0 | 0.00 | 0.00 |
| NewGold | 0 | 145,164 | 78.46 | 1.33 | 145,164 | 77.20 | 1.39 |
| Exchange Traded Funds Total | 0 | 145,164 | 78.46 | 1.33 | 145,164 | 77.20 | 1.39 |
| Foreign - Money Market | 0 | 0 | 75.27 | 1.27 | 0 | 99.84 | 1.80 |
| USA - Currency | 0 | 0 | 0.00 | 0.00 | 0 | 0.39 | 0.01 |
| For Currency Total | 0 | 0 | 75.27 | 1.27 | 0 | 100.23 | 1.81 |
| Foreign - Bonds | 0 | 0 | 1,049.33 | 17.73 | 0 | 1,049.58 | 18.91 |
| Foreign - Unit Trusts | 0 | 0 | 0.00 | 0.00 | 0 | 1,765.67 | 31.81 |
| Foreign Invest Total | 0 | 0 | 1,049.33 | 17.73 | 0 | 2,815.26 | 50.72 |
| Ninety One Namibia High Income Fund | 454,842 | 21,150,388 | 24.40 | 0.41 | 20,695,546 | 23.80 | 0.43 |
| Income Total | 454,842 | 21,150,388 | 24.40 | 0.41 | 20,695,546 | 23.80 | 0.43 |
| Sappi Ltd. | -110,826 | 0 | 0.00 | 0.00 | 110,826 | 4.01 | 0.07 |
| Industrial Materials Total | -110,826 | 0 | 0.00 | 0.00 | 110,826 | 4.01 | 0.07 |
| Anglo American plc | 85,065 | 85,065 | 44.71 | 0.76 | 0 | 0.00 | 0.00 |
| Anglo American plc | -95,470 | 0 | 0.00 | 0.00 | 95,470 | 48.78 | 0.88 |
| South32 Ltd. | 0 | 169,164 | 5.77 | 0.10 | 169,164 | 6.27 | 0.11 |
| Industrial Metals and Mining Total | -10,405 | 254,229 | 50.49 | 0.85 | 264,634 | 55.05 | 0.99 |
| Discovery Ltd. | 0 | 387,230 | 83.18 | 1.41 | 387,230 | 77.25 | 1.39 |
| Sanlam Ltd. | 0 | 1,040,771 | 92.29 | 1.56 | 1,040,771 | 86.12 | 1.55 |
| Life Insurance Total | 0 | 1,428,001 | 175.46 | 2.96 | 1,428,001 | 163.38 | 2.94 |
| Compagnie Financière Richemont SA | 0 | 15,444 | 51.44 | 0.87 | 15,444 | 48.95 | 0.88 |
| Personal Goods Total | 0 | 15,444 | 51.44 | 0.87 | 15,444 | 48.95 | 0.88 |
| AngloGold Ashanti plc | 0 | 157,855 | 126.43 | 2.14 | 157,855 | 108.42 | 1.95 |
| Gold Fields Ltd. | 57,312 | 57,312 | 23.83 | 0.40 | 0 | 0.00 | 0.00 |
| Harmony Gold Mining Company Ltd. | -90,577 | 222,555 | 54.48 | 0.92 | 313,132 | 83.45 | 1.50 |
| Impala Platinum Holdings Ltd. | 0 | 230,454 | 36.63 | 0.62 | 230,454 | 29.02 | 0.52 |
| Valterra Platinum Ltd. | 9,883 | 9,883 | 7.81 | 0.13 | 0 | 0.00 | 0.00 |
| Precious Metals and Mining Total | -23,382 | 678,059 | 249.18 | 4.21 | 701,441 | 220.88 | 3.98 |
| Investec Property Equity - Z | 215,124 | 35,481,219 | 129.76 | 2.19 | 35,266,095 | 116.42 | 2.10 |
| Property Total | 215,124 | 35,481,219 | 129.76 | 2.19 | 35,266,095 | 116.42 | 2.10 |
| Oryx Property Ltd Namibia | 987 | 1,470,481 | 19.78 | 0.33 | 1,469,494 | 19.62 | 0.35 |
| Real Estate Total | 987 | 1,470,481 | 19.78 | 0.33 | 1,469,494 | 19.62 | 0.35 |
| Mr Price Group Ltd. | 0 | 317,206 | 70.24 | 1.19 | 317,206 | 70.29 | 1.27 |
| The Foschini Group Ltd. | 0 | 211,216 | 27.23 | 0.46 | 211,216 | 26.26 | 0.47 |
| Truworths International Ltd. | -202,951 | 223,930 | 15.99 | 0.27 | 426,881 | 30.72 | 0.55 |
| Retailers Total | -202,951 | 752,352 | 113.46 | 1.92 | 955,303 | 127.27 | 2.29 |
| Naspers Ltd. | -12,200 | 32,625 | 179.94 | 3.04 | 44,825 | 202.52 | 3.65 |
| Prosus NV | 0 | 45,737 | 45.35 | 0.77 | 45,737 | 38.49 | 0.69 |
| Software and Computer Services Total | -12,200 | 78,362 | 225.29 | 3.81 | 90,562 | 241.01 | 4.34 |
| Mobile Telecommunications Ltd. | 77,773 | 6,176,831 | 52.50 | 0.89 | 6,099,058 | 50.32 | 0.91 |
| MTN Group Ltd. | 30,655 | 716,643 | 100.93 | 1.71 | 685,988 | 84.53 | 1.52 |
| Paratus Namibia Holdings Ltd. | 0 | 1,874,765 | 23.60 | 0.40 | 1,874,765 | 23.72 | 0.43 |
| Telecommunications Service Providers Total | 108,428 | 8,768,239 | 177.04 | 2.99 | 8,659,811 | 158.57 | 2.86 |
| British American Tobacco plc | 0 | 100,153 | 84.21 | 1.42 | 100,153 | 75.58 | 1.36 |
| Tobacco Total | 0 | 100,153 | 84.21 | 1.42 | 100,153 | 75.58 | 1.36 |
| Portfolio Total | 3,428,839 | 88,731,417 | 5,919.60 | 100.00 | 85,302,578 | 5,550.81 | 100.00 |