| | | |
| Security | Change | # Units | Value (Rm) | % Fund | # Units | Value (Rm) | % Fund |
| SA Bond R209 | 0 | 39,980,000 | 34.82 | 6.44 | 39,980,000 | 31.78 | 6.51 |
| Bond Total | 0 | 39,980,000 | 34.82 | 6.44 | 39,980,000 | 31.78 | 6.51 |
| Cash on call | 0 | 0 | 43.24 | 8.00 | 0 | 48.35 | 9.90 |
| Cash on call Total | 0 | 0 | 43.24 | 8.00 | 0 | 48.35 | 9.90 |
| AECI Ltd. | 31,300 | 78,300 | 6.99 | 1.29 | 47,000 | 4.57 | 0.93 |
| Henkel KGAA | 0 | 5,430 | 7.34 | 1.36 | 5,430 | 7.58 | 1.55 |
| Chemicals Total | 31,300 | 83,730 | 14.34 | 2.65 | 52,430 | 12.14 | 2.48 |
| Vicat | 0 | 3,850 | 5.67 | 1.05 | 3,850 | 4.63 | 0.95 |
| Construction Total | 0 | 3,850 | 5.67 | 1.05 | 3,850 | 4.63 | 0.95 |
| Wilson Bayly Holmes - Ovcon Ltd. | 27,050 | 71,465 | 11.94 | 2.21 | 44,415 | 6.66 | 1.36 |
| Construction and Materials Total | 27,050 | 71,465 | 11.94 | 2.21 | 44,415 | 6.66 | 1.36 |
| Boston Beer Company | 580 | 1,907 | 6.23 | 1.15 | 1,327 | 4.94 | 1.01 |
| Brown-Forman Corporation | 5,000 | 21,580 | 9.47 | 1.75 | 16,580 | 7.81 | 1.60 |
| Hamamatsu Photonics K.K. | 7,200 | 30,800 | 5.40 | 1.00 | 23,600 | 4.47 | 0.91 |
| Cyclical Goods & Services Total | 12,780 | 54,287 | 21.10 | 3.90 | 41,507 | 17.22 | 3.52 |
| Exxon Mobil Corporation | 1,040 | 5,190 | 10.38 | 1.92 | 4,150 | 8.19 | 1.68 |
| Energy Total | 1,040 | 5,190 | 10.38 | 1.92 | 4,150 | 8.19 | 1.68 |
| CarMax Group | 0 | 3,900 | 2.54 | 0.47 | 3,900 | 3.05 | 0.62 |
| Hochtief | 0 | 1,891 | 12.39 | 2.29 | 1,891 | 8.62 | 1.76 |
| Nutrien Ltd | 0 | 6,550 | 6.82 | 1.26 | 6,550 | 6.58 | 1.35 |
| Equities Total | 0 | 12,341 | 21.74 | 4.02 | 12,341 | 18.25 | 3.73 |
| NewPlat | 0 | 54,500 | 17.34 | 3.21 | 54,500 | 14.11 | 2.89 |
| Exchange Traded Funds Total | 0 | 54,500 | 17.34 | 3.21 | 54,500 | 14.11 | 2.89 |
| Sprott Inc | 0 | 8,720 | 14.19 | 2.63 | 8,720 | 12.57 | 2.57 |
| Financial Services Total | 0 | 8,720 | 14.19 | 2.63 | 8,720 | 12.57 | 2.57 |
| Becle SAB de CV | 0 | 379,630 | 7.21 | 1.33 | 379,630 | 6.92 | 1.42 |
| Food & Beverage Total | 0 | 379,630 | 7.21 | 1.33 | 379,630 | 6.92 | 1.42 |
| Astral Foods Ltd. | 0 | 79,117 | 21.10 | 3.90 | 79,117 | 16.33 | 3.34 |
| Rainbow Chicken Ltd. | 0 | 1,106,544 | 5.53 | 1.02 | 1,106,544 | 4.55 | 0.93 |
| RCL Foods Ltd. | 73,300 | 554,929 | 5.60 | 1.04 | 481,629 | 4.64 | 0.95 |
| Tiger Brands Ltd. | 0 | 42,000 | 15.38 | 2.85 | 42,000 | 12.92 | 2.64 |
| Food Producers Total | 73,300 | 1,782,590 | 47.62 | 8.81 | 1,709,290 | 38.43 | 7.87 |
| European - Currency | 0 | 0 | 0.05 | 0.01 | 0 | 0.02 | 0.00 |
| Foreign - Money Market | 0 | 0 | 9.26 | 1.71 | 0 | 9.56 | 1.96 |
| Japan - Currency | 0 | 0 | 0.00 | 0.00 | 0 | 0.00 | 0.00 |
| Switzerland - Currency | 0 | 0 | 0.00 | 0.00 | 0 | 0.00 | 0.00 |
| USA - Currency | 0 | 0 | 4.29 | 0.79 | 0 | 9.27 | 1.90 |
| For Currency Total | 0 | 0 | 13.60 | 2.52 | 0 | 18.85 | 3.86 |
| Foreign - Equities | 0 | 0 | 12.65 | 2.34 | 0 | 7.81 | 1.60 |
| Foreign Invest Total | 0 | 0 | 12.65 | 2.34 | 0 | 7.81 | 1.60 |
| The Bidvest Group Ltd. | 11,400 | 51,580 | 12.25 | 2.27 | 40,180 | 8.48 | 1.74 |
| General Industrials Total | 11,400 | 51,580 | 12.25 | 2.27 | 40,180 | 8.48 | 1.74 |
| Estee Lauder Companies Inc | 0 | 6,875 | 12.03 | 2.23 | 6,875 | 10.59 | 2.17 |
| Miquel y Costas and Miquel SA | 0 | 18,408 | 5.15 | 0.95 | 18,408 | 5.38 | 1.10 |
| Philip Morris International | 0 | 4,142 | 11.18 | 2.07 | 4,142 | 11.67 | 2.39 |
| Rubis SCA | 0 | 8,880 | 5.55 | 1.03 | 8,880 | 5.71 | 1.17 |
| Goods & Services Total | 0 | 38,305 | 33.91 | 6.28 | 38,305 | 33.34 | 6.83 |
| Haw Par Corporation Limited | 0 | 35,900 | 7.24 | 1.34 | 35,900 | 6.83 | 1.40 |
| Healthcare Total | 0 | 35,900 | 7.24 | 1.34 | 35,900 | 6.83 | 1.40 |
| Afrimat Ltd. | 30,000 | 204,373 | 8.41 | 1.56 | 174,373 | 6.66 | 1.36 |
| Kumba Iron Ore Ltd. | 4,790 | 23,973 | 8.42 | 1.56 | 19,183 | 6.26 | 1.28 |
| Industrial Metals and Mining Total | 34,790 | 228,346 | 16.83 | 3.11 | 193,556 | 12.91 | 2.64 |
| Bell Equipment Ltd. | 0 | 208,719 | 8.77 | 1.62 | 208,719 | 9.08 | 1.86 |
| Industrial Transportation Total | 0 | 208,719 | 8.77 | 1.62 | 208,719 | 9.08 | 1.86 |
| Mapfre SA | 0 | 67,600 | 5.62 | 1.04 | 67,600 | 5.52 | 1.13 |
| Insurance Total | 0 | 67,600 | 5.62 | 1.04 | 67,600 | 5.52 | 1.13 |
| JSE Ltd. | 0 | 44,225 | 6.34 | 1.17 | 44,225 | 5.65 | 1.16 |
| Ninety One Ltd. | 0 | 179,880 | 8.60 | 1.59 | 179,880 | 8.18 | 1.68 |
| Remgro Ltd. | 0 | 111,878 | 20.32 | 3.76 | 111,878 | 18.90 | 3.87 |
| Investment Banking and Brokerage Services Total | 0 | 335,983 | 35.26 | 6.53 | 335,983 | 32.73 | 6.70 |
| Walt Disney Company | 0 | 4,554 | 8.69 | 1.61 | 4,554 | 9.03 | 1.85 |
| eMedia Holdings Ltd. | -46,948 | 0 | 0.00 | 0.00 | 46,948 | 0.08 | 0.02 |
| Media Total | -46,948 | 4,554 | 8.69 | 1.61 | 51,502 | 9.12 | 1.87 |
| Coronation Money Market - P | 246 | 13,864 | 0.01 | 0.00 | 13,618 | 0.01 | 0.00 |
| Money Market Total | 246 | 13,864 | 0.01 | 0.00 | 13,618 | 0.01 | 0.00 |
| Pick n Pay Stores Ltd. | 0 | 577,340 | 14.38 | 2.66 | 577,340 | 14.45 | 2.96 |
| The SPAR Group Ltd. | 23,900 | 142,950 | 13.65 | 2.53 | 119,050 | 11.51 | 2.36 |
| Personal Care, Drug and Grocery Stores Total | 23,900 | 720,290 | 28.03 | 5.19 | 696,390 | 25.97 | 5.32 |
| Adcock Ingram Holdings Ltd. | -139,270 | 0 | 0.00 | 0.00 | 139,270 | 10.03 | 2.05 |
| Pharmaceuticals and Biotechnology Total | -139,270 | 0 | 0.00 | 0.00 | 139,270 | 10.03 | 2.05 |
| Valterra Platinum Ltd. | 0 | 6,357 | 8.96 | 1.66 | 6,357 | 7.68 | 1.57 |
| Precious Metals and Mining Total | 0 | 6,357 | 8.96 | 1.66 | 6,357 | 7.68 | 1.57 |
| Growthpoint Properties Ltd. | 586,000 | 1,603,395 | 27.51 | 5.09 | 1,017,395 | 15.03 | 3.08 |
| Real Estate Investment Trusts Total | 586,000 | 1,603,395 | 27.51 | 5.09 | 1,017,395 | 15.03 | 3.08 |
| Diageo | 8,150 | 17,140 | 6.12 | 1.13 | 8,990 | 3.68 | 0.75 |
| Swatch Group AG | 0 | 3,441 | 12.08 | 2.24 | 3,441 | 11.24 | 2.30 |
| Retail Total | 8,150 | 20,581 | 18.20 | 3.37 | 12,431 | 14.92 | 3.05 |
| Combined Motor Holdings Ltd. | 0 | 214,740 | 7.92 | 1.47 | 214,740 | 7.09 | 1.45 |
| Italtile Ltd. | 238,000 | 1,135,700 | 10.28 | 1.90 | 897,700 | 8.53 | 1.75 |
| Pepkor Holdings Ltd. | 0 | 481,065 | 12.72 | 2.35 | 481,065 | 11.79 | 2.41 |
| We Buy Cars Holdings Ltd. | 0 | 218,205 | 10.44 | 1.93 | 218,205 | 12.11 | 2.48 |
| Retailers Total | 238,000 | 2,049,710 | 41.36 | 7.65 | 1,811,710 | 39.51 | 8.09 |
| British American Tobacco plc | 0 | 12,450 | 11.89 | 2.20 | 12,450 | 11.34 | 2.32 |
| Tobacco Total | 0 | 12,450 | 11.89 | 2.20 | 12,450 | 11.34 | 2.32 |
| Portfolio Total | 861,738 | 47,833,937 | 540.38 | 100.00 | 46,972,199 | 488.41 | 100.00 |