| | | |
| Security | Change | # Units | Value (Rm) | % Fund | # Units | Value (Rm) | % Fund |
| Metair Investments Ltd. | 0 | 1,446,969 | 10.85 | 0.61 | 1,446,969 | 10.23 | 0.64 |
| Automobiles and Parts Total | 0 | 1,446,969 | 10.85 | 0.61 | 1,446,969 | 10.23 | 0.64 |
| FirstRand Ltd. | -282,222 | 244,063 | 18.47 | 1.04 | 526,285 | 37.81 | 2.38 |
| Investec Ltd. | 1,706 | 152,457 | 20.16 | 1.13 | 150,751 | 17.18 | 1.08 |
| Investec plc | 0 | 53,374 | 7.05 | 0.40 | 53,374 | 6.08 | 0.38 |
| Standard Bank Group Ltd. | -99,988 | 0 | 0.00 | 0.00 | 99,988 | 23.94 | 1.51 |
| Banks Total | -380,504 | 449,894 | 45.69 | 2.57 | 830,398 | 85.01 | 5.36 |
| Cash on call | 0 | 0 | 2.37 | 0.13 | 0 | 7.91 | 0.50 |
| Cash on call Total | 0 | 0 | 2.37 | 0.13 | 0 | 7.91 | 0.50 |
| AECI Ltd. | -15,641 | 194,517 | 20.62 | 1.16 | 210,158 | 20.44 | 1.29 |
| Omnia Holdings Ltd. | -22,401 | 982,052 | 78.07 | 4.39 | 1,004,453 | 67.46 | 4.25 |
| Sasol Ltd. | -13,404 | 476,217 | 37.51 | 2.11 | 489,621 | 37.46 | 2.36 |
| Chemicals Total | -51,446 | 1,652,786 | 136.20 | 7.65 | 1,704,232 | 125.36 | 7.90 |
| Astoria Investment Ltd. | 0 | 693,387 | 4.85 | 0.27 | 693,387 | 5.20 | 0.33 |
| EPE Capital Partners Ltd. | 0 | 2,223,198 | 14.78 | 0.83 | 2,223,198 | 11.18 | 0.70 |
| Closed End Investments Total | 0 | 2,916,585 | 19.64 | 1.10 | 2,916,585 | 16.38 | 1.03 |
| PPC Ltd. | 0 | 7,394,947 | 38.23 | 2.15 | 7,394,947 | 34.02 | 2.14 |
| Construction and Materials Total | 0 | 7,394,947 | 38.23 | 2.15 | 7,394,947 | 34.02 | 2.14 |
| Curro Holdings Ltd. | 0 | 1,998,845 | 18.01 | 1.01 | 1,998,845 | 16.79 | 1.06 |
| Consumer Services Total | 0 | 1,998,845 | 18.01 | 1.01 | 1,998,845 | 16.79 | 1.06 |
| Kagiso Global Equity Fund | 2,249 | 36,352 | 85.39 | 4.80 | 34,103 | 73.11 | 4.61 |
| Equities Total | 2,249 | 36,352 | 85.39 | 4.80 | 34,103 | 73.11 | 4.61 |
| Camissa Global Flexible | 0 | 27,893,388 | 139.54 | 7.84 | 27,893,388 | 126.48 | 7.97 |
| Flexible Total | 0 | 27,893,388 | 139.54 | 7.84 | 27,893,388 | 126.48 | 7.97 |
| Crookes Brothers Ltd. | 0 | 113,162 | 3.42 | 0.19 | 113,162 | 3.23 | 0.20 |
| Libstar Holdings Ltd. | 0 | 2,941,832 | 9.27 | 0.52 | 2,941,832 | 9.41 | 0.59 |
| Sea Harvest Group Ltd. | 0 | 2,179,938 | 17.77 | 1.00 | 2,179,938 | 14.78 | 0.93 |
| Food Producers Total | 0 | 5,234,932 | 30.45 | 1.71 | 5,234,932 | 27.42 | 1.73 |
| USA - Currency | 0 | 0 | 0.12 | 0.01 | 0 | 0.12 | 0.01 |
| For Currency Total | 0 | 0 | 0.12 | 0.01 | 0 | 0.12 | 0.01 |
| Bowler Metcalf Ltd. | 0 | 1,003,327 | 12.89 | 0.72 | 1,003,327 | 13.95 | 0.88 |
| KAP Ltd. | 2,129,338 | 7,093,598 | 14.54 | 0.82 | 4,964,260 | 12.56 | 0.79 |
| Transpaco Ltd. | 0 | 334,239 | 12.53 | 0.70 | 334,239 | 12.20 | 0.77 |
| General Industrials Total | 2,129,338 | 8,431,164 | 39.97 | 2.25 | 6,301,826 | 38.71 | 2.44 |
| Glencore plc | 185,399 | 905,631 | 62.99 | 3.54 | 720,232 | 48.46 | 3.05 |
| Master Drilling Group Ltd. | 0 | 976,620 | 15.59 | 0.88 | 976,620 | 14.36 | 0.90 |
| Industrial Metals and Mining Total | 185,399 | 1,882,251 | 78.57 | 4.42 | 1,696,852 | 62.81 | 3.96 |
| Adcorp Holdings Ltd. | 0 | 1,449,113 | 9.87 | 0.55 | 1,449,113 | 5.30 | 0.33 |
| Industrial Support Services Total | 0 | 1,449,113 | 9.87 | 0.55 | 1,449,113 | 5.30 | 0.33 |
| Brait plc | 288,984 | 29,539,958 | 65.87 | 3.70 | 29,250,974 | 57.92 | 3.65 |
| Quilter plc | 0 | 1,694,066 | 64.41 | 3.62 | 1,694,066 | 59.21 | 3.73 |
| Investment Banking and Brokerage Services Total | 288,984 | 31,234,024 | 130.28 | 7.32 | 30,945,040 | 117.12 | 7.38 |
| Exxaro Resources Ltd. | 51,816 | 440,677 | 64.75 | 3.64 | 388,861 | 57.69 | 3.64 |
| Oil, Gas and Coal Total | 51,816 | 440,677 | 64.75 | 3.64 | 388,861 | 57.69 | 3.64 |
| Brimstone Investment Corporation Ltd. | 0 | 1,335 | 0.01 | 0.00 | 1,335 | 0.01 | 0.00 |
| Brimstone Investment Corporation Ltd. | 0 | 241 | 0.00 | 0.00 | 241 | 0.00 | 0.00 |
| Open End and Miscellaneous Investment Vehicles Total | 0 | 1,576 | 0.01 | 0.00 | 1,576 | 0.01 | 0.00 |
| The SPAR Group Ltd. | 13,567 | 19,792 | 2.13 | 0.12 | 6,225 | 0.74 | 0.05 |
| Personal Care, Drug and Grocery Stores Total | 13,567 | 19,792 | 2.13 | 0.12 | 6,225 | 0.74 | 0.05 |
| Northam Platinum Holdings Ltd. | -52,096 | 782,020 | 149.92 | 8.42 | 834,116 | 109.20 | 6.88 |
| Valterra Platinum Ltd. | 17,624 | 167,017 | 132.00 | 7.42 | 149,393 | 109.71 | 6.92 |
| Precious Metals and Mining Total | -34,472 | 949,037 | 281.92 | 15.84 | 983,509 | 218.91 | 13.80 |
| Goldrush Holdings Ltd. | 0 | 816,496 | 6.53 | 0.37 | 816,496 | 4.48 | 0.28 |
| Preference Shares Total | 0 | 816,496 | 6.53 | 0.37 | 816,496 | 4.48 | 0.28 |
| Delta Property Fund Ltd. | 0 | 436,506 | 0.10 | 0.01 | 436,506 | 0.10 | 0.01 |
| Dipula Properties Ltd. | 0 | 4,380,580 | 23.44 | 1.32 | 4,380,580 | 22.65 | 1.43 |
| Real Estate Investment Trusts Total | 0 | 4,817,086 | 23.53 | 1.32 | 4,817,086 | 22.75 | 1.43 |
| Truworths International Ltd. | 0 | 320,411 | 22.88 | 1.29 | 320,411 | 23.06 | 1.45 |
| Woolworths Holdings Ltd. | -58,000 | 82,224 | 4.26 | 0.24 | 140,224 | 7.15 | 0.45 |
| Retailers Total | -58,000 | 402,635 | 27.14 | 1.53 | 460,635 | 30.21 | 1.90 |
| Altron Ltd. | -9,579 | 810,374 | 17.90 | 1.01 | 819,953 | 17.01 | 1.07 |
| Datatec Ltd. | -155,861 | 1,236,857 | 80.69 | 4.53 | 1,392,718 | 77.32 | 4.87 |
| Naspers Ltd. | 646 | 1,654 | 9.12 | 0.51 | 1,008 | 4.55 | 0.29 |
| Prosus NV | -9,399 | 264,443 | 262.22 | 14.74 | 273,842 | 230.47 | 14.53 |
| Software and Computer Services Total | -174,193 | 2,313,328 | 369.94 | 20.79 | 2,487,521 | 329.35 | 20.76 |
| MTN Group Ltd. | 183,265 | 823,134 | 115.93 | 6.51 | 639,869 | 78.85 | 4.97 |
| Telecommunications Service Providers Total | 183,265 | 823,134 | 115.93 | 6.51 | 639,869 | 78.85 | 4.97 |
| Comair Ltd. | 0 | 84,258 | 0.00 | 0.00 | 84,258 | 0.00 | 0.00 |
| Famous Brands Ltd. | 21,996 | 1,103,571 | 69.19 | 3.89 | 1,081,575 | 62.73 | 3.95 |
| Spur Corporation Ltd. | 0 | 533,827 | 17.56 | 0.99 | 533,827 | 17.08 | 1.08 |
| Tsogo Sun Ltd. | 0 | 2,052,355 | 15.74 | 0.88 | 2,052,355 | 16.93 | 1.07 |
| Travel and Leisure Total | 21,996 | 3,774,011 | 102.50 | 5.76 | 3,752,015 | 96.75 | 6.10 |
| Portfolio Total | 2,177,999 | 106,379,022 | 1,779.56 | 100.00 | 104,201,023 | 1,586.49 | 100.00 |