| | | |
| Security | Change | # Units | Value (Rm) | % Fund | # Units | Value (Rm) | % Fund |
| Namibia Cash | 0 | 0 | 1.89 | 2.73 | 0 | 1.82 | 2.62 |
| Cash on call Total | 0 | 0 | 1.89 | 2.73 | 0 | 1.82 | 2.62 |
| Oryx Property Ltd Namibia | 0 | 0 | 1.11 | 1.61 | 0 | 1.11 | 1.60 |
| Property positions individually less than 1% of fund | 0 | 0 | 1.30 | 1.89 | 0 | 1.20 | 1.72 |
| Real Estate Total | 0 | 0 | 2.42 | 3.50 | 0 | 2.31 | 3.32 |
| Fortress Real Estate Investments Ltd. | -30,333 | 139,189 | 2.56 | 3.70 | 169,522 | 3.09 | 4.44 |
| Fortress Real Estate Investments Ltd. | 50,449 | 343,169 | 3.70 | 5.35 | 292,720 | 4.24 | 6.10 |
| MAS plc | 21,960 | 99,221 | 2.17 | 3.14 | 77,261 | 1.64 | 2.36 |
| NEPI Rockcastle NV | -578 | 75,215 | 9.13 | 13.22 | 75,793 | 8.56 | 12.32 |
| Real Estate Investment and Services Total | 41,498 | 656,794 | 17.56 | 25.41 | 615,296 | 17.54 | 25.22 |
| Arrowhead Properties Ltd. | -224,240 | 0 | 0.00 | 0.00 | 224,240 | 0.90 | 1.30 |
| Attacq Ltd. | 8,186 | 97,446 | 1.40 | 2.02 | 89,260 | 1.32 | 1.89 |
| Burstone Group Ltd. | -11,131 | 98,084 | 1.47 | 2.12 | 109,215 | 1.50 | 2.16 |
| Emira Property Fund Ltd. | -10,497 | 75,563 | 1.04 | 1.51 | 86,060 | 1.27 | 1.83 |
| EPP N.V. | -4,370 | 59,262 | 1.16 | 1.67 | 63,632 | 1.19 | 1.72 |
| Equites Property Fund Ltd. | -2,582 | 78,439 | 1.53 | 2.21 | 81,021 | 1.57 | 2.26 |
| Growthpoint Properties Ltd. | -3,887 | 627,193 | 15.32 | 22.16 | 631,080 | 14.70 | 21.14 |
| Hyprop Investments Ltd. | 1,681 | 55,311 | 3.90 | 5.64 | 53,630 | 4.37 | 6.29 |
| Redefine Properties Ltd. | -46,596 | 1,172,875 | 11.38 | 16.46 | 1,219,471 | 11.79 | 16.96 |
| Resilient REIT Ltd. | 9,521 | 66,261 | 3.62 | 5.24 | 56,740 | 3.23 | 4.65 |
| SA Corporate Real Estate Ltd. | 103,390 | 555,680 | 2.02 | 2.93 | 452,290 | 1.52 | 2.19 |
| Sirius Real Estate Ltd. | 2,002 | 86,122 | 1.04 | 1.50 | 84,120 | 0.92 | 1.32 |
| Vukile Property Fund Ltd. | -13,945 | 169,116 | 3.38 | 4.89 | 183,061 | 3.58 | 5.15 |
| Real Estate Investment Trusts Total | -192,468 | 3,141,352 | 47.25 | 68.37 | 3,333,820 | 47.88 | 68.84 |
| Portfolio Total | -150,970 | 3,798,146 | 69.12 | 100.00 | 3,949,116 | 69.54 | 100.00 |