| | | |
| Security | Change | # Units | Value (Rm) | % Fund | # Units | Value (Rm) | % Fund |
| Metair Investments Ltd. | 0 | 1,428,817 | 6.43 | 0.27 | 1,428,817 | 9.67 | 0.46 |
| Automobiles and Parts Total | 0 | 1,428,817 | 6.43 | 0.27 | 1,428,817 | 9.67 | 0.46 |
| FirstRand Ltd. | -106,525 | 0 | 0.00 | 0.00 | 106,525 | 8.27 | 0.39 |
| Investec Ltd. | 73,628 | 260,022 | 31.77 | 1.34 | 186,394 | 23.88 | 1.14 |
| Investec plc | 41,475 | 99,902 | 12.21 | 0.51 | 58,427 | 7.49 | 0.36 |
| Banks Total | 8,578 | 359,924 | 43.97 | 1.85 | 351,346 | 39.64 | 1.89 |
| Cash on call | 0 | 0 | 15.47 | 0.65 | 0 | 7.86 | 0.38 |
| Cash on call Total | 0 | 0 | 15.47 | 0.65 | 0 | 7.86 | 0.38 |
| AECI Ltd. | 61,623 | 316,247 | 28.25 | 1.19 | 254,624 | 24.73 | 1.18 |
| Omnia Holdings Ltd. | 91,541 | 1,194,180 | 94.10 | 3.96 | 1,102,639 | 78.93 | 3.77 |
| Chemicals Total | 153,164 | 1,510,427 | 122.35 | 5.15 | 1,357,263 | 103.66 | 4.95 |
| Astoria Investment Ltd. | -684,688 | 0 | 0.00 | 0.00 | 684,688 | 4.52 | 0.22 |
| EPE Capital Partners Ltd. | 479,379 | 2,674,687 | 18.72 | 0.79 | 2,195,308 | 15.04 | 0.72 |
| Closed End Investments Total | -205,309 | 2,674,687 | 18.72 | 0.79 | 2,879,996 | 19.56 | 0.93 |
| PPC Ltd. | 3,026,538 | 11,253,196 | 62.91 | 2.65 | 8,226,658 | 44.42 | 2.12 |
| Construction and Materials Total | 3,026,538 | 11,253,196 | 62.91 | 2.65 | 8,226,658 | 44.42 | 2.12 |
| Curro Holdings Ltd. | -1,973,769 | 0 | 0.00 | 0.00 | 1,973,769 | 23.69 | 1.13 |
| Consumer Services Total | -1,973,769 | 0 | 0.00 | 0.00 | 1,973,769 | 23.69 | 1.13 |
| Kagiso Global Equity Fund | 12,366 | 85,914 | 205.66 | 8.66 | 73,548 | 179.12 | 8.55 |
| Equities Total | 12,366 | 85,914 | 205.66 | 8.66 | 73,548 | 179.12 | 8.55 |
| Channel VAS Investments Ltd. | 1,586,427 | 1,586,427 | 32.47 | 1.37 | 0 | 0.00 | 0.00 |
| Finance and Credit Services Total | 1,586,427 | 1,586,427 | 32.47 | 1.37 | 0 | 0.00 | 0.00 |
| Camissa Global Flexible | 5,058,299 | 33,200,415 | 167.68 | 7.06 | 28,142,116 | 145.19 | 6.93 |
| Flexible Total | 5,058,299 | 33,200,415 | 167.68 | 7.06 | 28,142,116 | 145.19 | 6.93 |
| Crookes Brothers Ltd. | 0 | 111,742 | 2.71 | 0.11 | 111,742 | 3.13 | 0.15 |
| Libstar Holdings Ltd. | 674,220 | 3,579,146 | 16.93 | 0.71 | 2,904,926 | 13.91 | 0.66 |
| Sea Harvest Group Ltd. | 746,453 | 2,800,685 | 26.58 | 1.12 | 2,054,232 | 17.46 | 0.83 |
| Food Producers Total | 1,420,673 | 6,491,573 | 46.22 | 1.95 | 5,070,900 | 34.50 | 1.65 |
| USA - Currency | 0 | 0 | 0.11 | 0.00 | 0 | 0.11 | 0.01 |
| For Currency Total | 0 | 0 | 0.11 | 0.00 | 0 | 0.11 | 0.01 |
| Bowler Metcalf Ltd. | -24,234 | 966,506 | 13.52 | 0.57 | 990,740 | 13.76 | 0.66 |
| KAP Ltd. | 1,222,824 | 8,227,432 | 15.80 | 0.67 | 7,004,608 | 11.56 | 0.55 |
| Mondi plc | 89,200 | 89,200 | 18.16 | 0.77 | 0 | 0.00 | 0.00 |
| Transpaco Ltd. | -10,642 | 319,404 | 12.14 | 0.51 | 330,046 | 11.22 | 0.54 |
| General Industrials Total | 1,277,148 | 9,602,542 | 59.62 | 2.51 | 8,325,394 | 36.54 | 1.74 |
| Glencore plc | -75,874 | 1,324,660 | 120.74 | 5.09 | 1,400,534 | 111.62 | 5.33 |
| Master Drilling Group Ltd. | 0 | 946,873 | 15.15 | 0.64 | 946,873 | 14.91 | 0.71 |
| Merafe Resources Ltd. | 60,570 | 13,453,932 | 14.66 | 0.62 | 13,393,362 | 14.33 | 0.68 |
| Industrial Metals and Mining Total | -15,304 | 15,725,465 | 150.56 | 6.34 | 15,740,769 | 140.87 | 6.72 |
| Adcorp Holdings Ltd. | -46,517 | 1,372,910 | 8.46 | 0.36 | 1,419,427 | 8.87 | 0.42 |
| Industrial Support Services Total | -46,517 | 1,372,910 | 8.46 | 0.36 | 1,419,427 | 8.87 | 0.42 |
| Brait plc | 8,562,467 | 37,731,843 | 84.14 | 3.55 | 29,169,376 | 62.13 | 2.97 |
| Quilter plc | -42,017 | 1,823,322 | 73.94 | 3.12 | 1,865,339 | 71.42 | 3.41 |
| Investment Banking and Brokerage Services Total | 8,520,450 | 39,555,165 | 158.08 | 6.66 | 31,034,715 | 133.55 | 6.37 |
| Exxaro Resources Ltd. | 121,420 | 691,554 | 123.79 | 5.22 | 570,134 | 102.73 | 4.90 |
| Oil, Gas and Coal Total | 121,420 | 691,554 | 123.79 | 5.22 | 570,134 | 102.73 | 4.90 |
| Brimstone Investment Corporation Ltd. | 0 | 1,335 | 0.01 | 0.00 | 1,335 | 0.01 | 0.00 |
| Brimstone Investment Corporation Ltd. | 691,399 | 691,640 | 3.66 | 0.15 | 241 | 0.00 | 0.00 |
| Open End and Miscellaneous Investment Vehicles Total | 691,399 | 692,975 | 3.66 | 0.15 | 1,576 | 0.01 | 0.00 |
| The SPAR Group Ltd. | 49,458 | 49,458 | 4.72 | 0.20 | 0 | 0.00 | 0.00 |
| Personal Care, Drug and Grocery Stores Total | 49,458 | 49,458 | 4.72 | 0.20 | 0 | 0.00 | 0.00 |
| Northam Platinum Holdings Ltd. | -263,792 | 219,189 | 73.89 | 3.11 | 482,981 | 135.72 | 6.48 |
| Valterra Platinum Ltd. | 2,118 | 181,926 | 256.44 | 10.80 | 179,808 | 222.13 | 10.60 |
| Precious Metals and Mining Total | -261,674 | 401,115 | 330.33 | 13.92 | 662,789 | 357.85 | 17.08 |
| Goldrush Holdings Ltd. | 82,162 | 888,415 | 6.20 | 0.26 | 806,253 | 5.64 | 0.27 |
| Preference Shares Total | 82,162 | 888,415 | 6.20 | 0.26 | 806,253 | 5.64 | 0.27 |
| Delta Property Fund Ltd. | 0 | 436,506 | 0.17 | 0.01 | 436,506 | 0.11 | 0.01 |
| Dipula Properties Ltd. | -4,325,625 | 0 | 0.00 | 0.00 | 4,325,625 | 23.79 | 1.14 |
| Real Estate Investment Trusts Total | -4,325,625 | 436,506 | 0.17 | 0.01 | 4,762,131 | 23.90 | 1.14 |
| Mr Price Group Ltd. | -92,374 | 0 | 0.00 | 0.00 | 92,374 | 18.82 | 0.90 |
| The Foschini Group Ltd. | 399,289 | 502,427 | 42.82 | 1.80 | 103,138 | 11.25 | 0.54 |
| Truworths International Ltd. | -38,091 | 370,897 | 21.12 | 0.89 | 408,988 | 22.37 | 1.07 |
| Retailers Total | 268,824 | 873,324 | 63.93 | 2.69 | 604,500 | 52.44 | 2.50 |
| Altron Ltd. | 0 | 968,444 | 19.26 | 0.81 | 968,444 | 17.67 | 0.84 |
| Bytes Technology Group plc | 807,875 | 1,115,549 | 90.88 | 3.83 | 307,674 | 28.40 | 1.36 |
| Datatec Ltd. | -361,815 | 1,000,342 | 79.08 | 3.33 | 1,362,157 | 81.81 | 3.90 |
| Naspers Ltd. | 71,834 | 73,664 | 81.36 | 3.43 | 1,830 | 11.45 | 0.55 |
| Prosus NV | -2,679 | 205,932 | 210.78 | 8.88 | 208,611 | 252.57 | 12.05 |
| Software and Computer Services Total | 515,215 | 3,363,931 | 481.36 | 20.28 | 2,848,716 | 391.90 | 18.70 |
| MTN Group Ltd. | -46,767 | 925,913 | 156.94 | 6.61 | 972,680 | 141.04 | 6.73 |
| Telecommunications Service Providers Total | -46,767 | 925,913 | 156.94 | 6.61 | 972,680 | 141.04 | 6.73 |
| Comair Ltd. | 0 | 84,258 | 0.00 | 0.00 | 84,258 | 0.00 | 0.00 |
| Famous Brands Ltd. | 62,255 | 1,151,982 | 61.61 | 2.60 | 1,089,727 | 58.30 | 2.78 |
| Spur Corporation Ltd. | 111,909 | 730,294 | 27.94 | 1.18 | 618,385 | 21.09 | 1.01 |
| Tsogo Sun Ltd. | 0 | 2,026,608 | 14.19 | 0.60 | 2,026,608 | 13.19 | 0.63 |
| Travel and Leisure Total | 174,164 | 3,993,142 | 103.74 | 4.37 | 3,818,978 | 92.59 | 4.42 |
| Portfolio Total | 16,091,320 | 137,163,795 | 2,373.56 | 100.00 | 121,072,475 | 2,095.35 | 100.00 |