| | | |
| Security | Change | # Units | Value (Rm) | % Fund | # Units | Value (Rm) | % Fund |
| Absa Group Ltd. | 128,669 | 128,669 | 23.30 | 0.37 | 0 | 0.00 | 0.00 |
| Capitec Bank Holdings Ltd. | -1,770 | 32,604 | 113.27 | 1.79 | 34,374 | 122.06 | 2.06 |
| Capricorn Group Ltd. | 3,174 | 2,835,801 | 62.95 | 0.99 | 2,832,627 | 61.30 | 1.04 |
| FirstRand Ltd. | 77,962 | 1,436,789 | 111.58 | 1.76 | 1,358,827 | 102.85 | 1.74 |
| FirstRand Namibia Ltd. | 15,679 | 3,145,652 | 163.61 | 2.58 | 3,129,973 | 147.48 | 2.49 |
| Investec Ltd. | 0 | 330,595 | 42.36 | 0.67 | 330,595 | 43.72 | 0.74 |
| Nedbank Group Ltd. | -77,035 | 41,786 | 8.92 | 0.14 | 118,821 | 28.88 | 0.49 |
| SBN Holdings Ltd. | 25,519 | 775,633 | 8.93 | 0.14 | 750,114 | 7.91 | 0.13 |
| Standard Bank Group Ltd. | 26,356 | 467,638 | 110.54 | 1.75 | 441,282 | 100.40 | 1.70 |
| Banks Total | 198,554 | 9,195,167 | 645.46 | 10.20 | 8,996,613 | 614.62 | 10.38 |
| Namibia Breweries Ltd. | -45,011 | 2,141,168 | 62.09 | 0.98 | 2,186,179 | 63.18 | 1.07 |
| Beverages Total | -45,011 | 2,141,168 | 62.09 | 0.98 | 2,186,179 | 63.18 | 1.07 |
| SA Bond NAM04 | 0 | 3,750,000 | 3.86 | 0.06 | 3,750,000 | 3.96 | 0.07 |
| Bond Total | 0 | 3,750,000 | 3.86 | 0.06 | 3,750,000 | 3.96 | 0.07 |
| Cash on call | 0 | 0 | -33.75 | -0.53 | 0 | -0.95 | -0.02 |
| Margin Account | 0 | 0 | 55.15 | 0.87 | 0 | 50.03 | 0.85 |
| Namibia Cash | 0 | 0 | 850.08 | 13.43 | 0 | 756.13 | 12.77 |
| Cash on call Total | 0 | 0 | 871.48 | 13.77 | 0 | 805.21 | 13.60 |
| Alpha Namibia Industries Renewable Energy Power | 0 | 579,035 | 5.21 | 0.08 | 579,035 | 5.21 | 0.09 |
| Electricity Total | 0 | 579,035 | 5.21 | 0.08 | 579,035 | 5.21 | 0.09 |
| Investec GSF Global Balanced Fund | -2,897,499 | 0 | 0.00 | 0.00 | 2,897,499 | 1,923.85 | 32.50 |
| Ninety One Global Balanced Fund | 2,897,499 | 2,897,499 | 1,960.62 | 30.97 | 0 | 0.00 | 0.00 |
| Equities Total | 0 | 2,897,499 | 1,960.62 | 30.97 | 2,897,499 | 1,923.85 | 32.50 |
| NewGold | -54,306 | 90,858 | 55.90 | 0.88 | 145,164 | 78.46 | 1.33 |
| Exchange Traded Funds Total | -54,306 | 90,858 | 55.90 | 0.88 | 145,164 | 78.46 | 1.33 |
| Foreign - Money Market | 0 | 0 | 30.42 | 0.48 | 0 | 75.27 | 1.27 |
| For Currency Total | 0 | 0 | 30.42 | 0.48 | 0 | 75.27 | 1.27 |
| Foreign - Bonds | 0 | 0 | 1,066.73 | 16.85 | 0 | 1,049.33 | 17.73 |
| Foreign Invest Total | 0 | 0 | 1,066.73 | 16.85 | 0 | 1,049.33 | 17.73 |
| Ninety One Namibia High Income Fund | 459,049 | 21,609,437 | 25.00 | 0.39 | 21,150,388 | 24.40 | 0.41 |
| Income Total | 459,049 | 21,609,437 | 25.00 | 0.39 | 21,150,388 | 24.40 | 0.41 |
| Anglo American plc | 91,100 | 176,165 | 113.89 | 1.80 | 85,065 | 44.71 | 0.76 |
| Glencore plc | 329,928 | 329,928 | 26.30 | 0.42 | 0 | 0.00 | 0.00 |
| South32 Ltd. | -169,164 | 0 | 0.00 | 0.00 | 169,164 | 5.77 | 0.10 |
| Industrial Metals and Mining Total | 251,864 | 506,093 | 140.19 | 2.21 | 254,229 | 50.49 | 0.85 |
| Discovery Ltd. | -150,673 | 236,557 | 46.60 | 0.74 | 387,230 | 83.18 | 1.41 |
| Sanlam Ltd. | 0 | 1,040,771 | 87.00 | 1.37 | 1,040,771 | 92.29 | 1.56 |
| Life Insurance Total | -150,673 | 1,277,328 | 133.60 | 2.11 | 1,428,001 | 175.46 | 2.96 |
| Bid Corporation Ltd. | 34,359 | 34,359 | 14.85 | 0.23 | 0 | 0.00 | 0.00 |
| Personal Care, Drug and Grocery Stores Total | 34,359 | 34,359 | 14.85 | 0.23 | 0 | 0.00 | 0.00 |
| Compagnie Financière Richemont SA | 0 | 15,444 | 50.49 | 0.80 | 15,444 | 51.44 | 0.87 |
| Personal Goods Total | 0 | 15,444 | 50.49 | 0.80 | 15,444 | 51.44 | 0.87 |
| AngloGold Ashanti plc | 18,223 | 176,078 | 213.68 | 3.38 | 157,855 | 126.43 | 2.14 |
| Gold Fields Ltd. | 68,755 | 126,067 | 91.91 | 1.45 | 57,312 | 23.83 | 0.40 |
| Harmony Gold Mining Company Ltd. | -222,555 | 0 | 0.00 | 0.00 | 222,555 | 54.48 | 0.92 |
| Impala Platinum Holdings Ltd. | 137,671 | 368,125 | 81.19 | 1.28 | 230,454 | 36.63 | 0.62 |
| Northam Platinum Holdings Ltd. | 137,937 | 137,937 | 38.76 | 0.61 | 0 | 0.00 | 0.00 |
| Valterra Platinum Ltd. | 81,824 | 91,707 | 113.29 | 1.79 | 9,883 | 7.81 | 0.13 |
| Precious Metals and Mining Total | 221,855 | 899,914 | 538.83 | 8.51 | 678,059 | 249.18 | 4.21 |
| Investec Property Equity - Z | 909,514 | 36,390,733 | 137.13 | 2.17 | 35,481,219 | 129.76 | 2.19 |
| Property Total | 909,514 | 36,390,733 | 137.13 | 2.17 | 35,481,219 | 129.76 | 2.19 |
| Oryx Property Ltd Namibia | 0 | 1,470,481 | 18.74 | 0.30 | 1,470,481 | 19.78 | 0.33 |
| Real Estate Total | 0 | 1,470,481 | 18.74 | 0.30 | 1,470,481 | 19.78 | 0.33 |
| Mr Price Group Ltd. | -142,937 | 174,269 | 35.50 | 0.56 | 317,206 | 70.24 | 1.19 |
| Pepkor Holdings Ltd. | 1,163,130 | 1,163,130 | 28.28 | 0.45 | 0 | 0.00 | 0.00 |
| The Foschini Group Ltd. | -211,216 | 0 | 0.00 | 0.00 | 211,216 | 27.23 | 0.46 |
| Truworths International Ltd. | -223,930 | 0 | 0.00 | 0.00 | 223,930 | 15.99 | 0.27 |
| Retailers Total | 585,047 | 1,337,399 | 63.77 | 1.01 | 752,352 | 113.46 | 1.92 |
| Naspers Ltd. | -1,077 | 31,548 | 197.32 | 3.12 | 32,625 | 179.94 | 3.04 |
| Prosus NV | -5,684 | 40,053 | 48.49 | 0.77 | 45,737 | 45.35 | 0.77 |
| Software and Computer Services Total | -6,761 | 71,601 | 245.82 | 3.88 | 78,362 | 225.29 | 3.81 |
| Mobile Telecommunications Ltd. | 367 | 6,177,198 | 52.88 | 0.84 | 6,176,831 | 52.50 | 0.89 |
| MTN Group Ltd. | -74,706 | 641,937 | 93.08 | 1.47 | 716,643 | 100.93 | 1.71 |
| Paratus Namibia Holdings Ltd. | 0 | 1,874,765 | 23.43 | 0.37 | 1,874,765 | 23.60 | 0.40 |
| Telecommunications Service Providers Total | -74,339 | 8,693,900 | 169.39 | 2.68 | 8,768,239 | 177.04 | 2.99 |
| British American Tobacco plc | 0 | 100,153 | 91.36 | 1.44 | 100,153 | 84.21 | 1.42 |
| Tobacco Total | 0 | 100,153 | 91.36 | 1.44 | 100,153 | 84.21 | 1.42 |
| Portfolio Total | 2,329,152 | 91,060,569 | 6,330.95 | 100.00 | 88,731,417 | 5,919.60 | 100.00 |