| | | |
| Security | Change | # Units | Value (Rm) | % Fund | # Units | Value (Rm) | % Fund |
| Absa Group Ltd. | -239,400 | 1,050,000 | 190.14 | 2.73 | 1,289,400 | 226.93 | 3.50 |
| Capitec Bank Holdings Ltd. | -1,600 | 52,400 | 182.04 | 2.62 | 54,000 | 191.75 | 2.96 |
| FirstRand Ltd. | -1,051,963 | 1,648,037 | 127.99 | 1.84 | 2,700,000 | 204.36 | 3.15 |
| Nedbank Group Ltd. | 0 | 132,400 | 28.27 | 0.41 | 132,400 | 32.18 | 0.50 |
| Standard Bank Group Ltd. | -75,000 | 660,000 | 156.02 | 2.24 | 735,000 | 167.23 | 2.58 |
| TBC Bank Group PLC | 0 | 230,000 | 242.79 | 3.49 | 230,000 | 259.89 | 4.01 |
| Banks Total | -1,367,963 | 3,772,837 | 927.25 | 13.33 | 5,140,800 | 1,082.36 | 16.71 |
| SA Bond CLN864 | -32,500,000 | 0 | 0.00 | 0.00 | 32,500,000 | 46.39 | 0.72 |
| SA Bond CLN898 | -55,000,000 | 0 | 0.00 | 0.00 | 55,000,000 | 79.61 | 1.23 |
| SA Bond CLN938 | 0 | 24,000,000 | 24.08 | 0.35 | 24,000,000 | 24.10 | 0.37 |
| SA Bond I2029 | -80,340,000 | 0 | 0.00 | 0.00 | 80,340,000 | 110.47 | 1.71 |
| SA Bond R2037 | -74,500,000 | 0 | 0.00 | 0.00 | 74,500,000 | 67.48 | 1.04 |
| SA Bond R2040 | -245,300,000 | 124,650,000 | 116.07 | 1.67 | 369,950,000 | 333.88 | 5.15 |
| SA Bond R2044 | -70,000,000 | 72,700,000 | 64.28 | 0.92 | 142,700,000 | 121.16 | 1.87 |
| SA Bond R210 | -48,540,000 | 15,210,000 | 38.23 | 0.55 | 63,750,000 | 157.40 | 2.43 |
| SA Bond SSN211 | 0 | 23,800,000 | 59.06 | 0.85 | 23,800,000 | 57.95 | 0.89 |
| SA Bond TNFG32 | 220,000,000 | 220,000,000 | 223.20 | 3.21 | 0 | 0.00 | 0.00 |
| Bond Total | -386,180,000 | 480,360,000 | 524.93 | 7.54 | 866,540,000 | 998.44 | 15.41 |
| Cash on call | 0 | 0 | 432.89 | 6.22 | 0 | -172.60 | -2.66 |
| Margin Account | 0 | 0 | 197.26 | 2.83 | 0 | 38.30 | 0.59 |
| Cash on call Total | 0 | 0 | 630.16 | 9.06 | 0 | -134.30 | -2.07 |
| Omnia Holdings Ltd. | 0 | 60,000 | 4.29 | 0.06 | 60,000 | 4.77 | 0.07 |
| Sasol Ltd. | -1,035,000 | 0 | 0.00 | 0.00 | 1,035,000 | 81.52 | 1.26 |
| Chemicals Total | -1,035,000 | 60,000 | 4.29 | 0.06 | 1,095,000 | 86.29 | 1.33 |
| African Rainbow Capital Investments Ltd. | 0 | 8,200,000 | 79.54 | 1.14 | 8,200,000 | 79.54 | 1.23 |
| EPE Capital Partners Ltd. | 0 | 12,586,800 | 86.22 | 1.24 | 12,586,800 | 83.70 | 1.29 |
| Closed End Investments Total | 0 | 20,786,800 | 165.76 | 2.38 | 20,786,800 | 163.24 | 2.52 |
| Raubex Group Ltd. | 0 | 2,000,000 | 85.20 | 1.22 | 2,000,000 | 89.00 | 1.37 |
| Construction and Materials Total | 0 | 2,000,000 | 85.20 | 1.22 | 2,000,000 | 89.00 | 1.37 |
| ADvTECH Ltd. | 0 | 499,900 | 15.74 | 0.23 | 499,900 | 16.35 | 0.25 |
| Zeda Ltd. | 0 | 6,900,000 | 86.73 | 1.25 | 6,900,000 | 84.94 | 1.31 |
| Consumer Services Total | 0 | 7,399,900 | 102.47 | 1.47 | 7,399,900 | 101.29 | 1.56 |
| Baidu.Com, Inc. | 10,000 | 30,000 | 68.20 | 0.98 | 20,000 | 30.48 | 0.47 |
| JDcom | 0 | 0 | 66.92 | 0.96 | 0 | 63.76 | 0.98 |
| LI Ning Company Limited | 0 | 15,000 | 21.14 | 0.30 | 15,000 | 22.63 | 0.35 |
| Sirius XM Inc | 0 | 60,000 | 24.09 | 0.35 | 60,000 | 24.49 | 0.38 |
| Cyclical Goods & Services Total | 10,000 | 105,000 | 180.35 | 2.59 | 95,000 | 141.36 | 2.18 |
| Bond Derivative | 0 | 0 | 1,118.41 | 16.07 | 0 | 609.13 | 9.40 |
| Equity Derivative | 0 | 0 | -208.81 | -3.00 | 0 | -90.91 | -1.40 |
| Derivatives Total | 0 | 0 | 909.60 | 13.07 | 0 | 518.22 | 8.00 |
| Reunert Ltd. | 0 | 436,903 | 23.51 | 0.34 | 436,903 | 25.12 | 0.39 |
| Electronic and Electrical Equipment Total | 0 | 436,903 | 23.51 | 0.34 | 436,903 | 25.12 | 0.39 |
| Shell Transport & Trading (Royal Dutch/Shell Group) | 0 | 655 | 0.40 | 0.01 | 655 | 0.41 | 0.01 |
| Energy Total | 0 | 655 | 0.40 | 0.01 | 655 | 0.41 | 0.01 |
| Abax Global Equity Fund | 0 | 450,000 | 205.40 | 2.95 | 450,000 | 192.80 | 2.98 |
| Equities Total | 0 | 450,000 | 205.40 | 2.95 | 450,000 | 192.80 | 2.98 |
| ST James Place | 0 | 160,000 | 47.20 | 0.68 | 160,000 | 46.13 | 0.71 |
| Financial Services Total | 0 | 160,000 | 47.20 | 0.68 | 160,000 | 46.13 | 0.71 |
| Oceana Group Ltd. | 0 | 85,000 | 4.21 | 0.06 | 85,000 | 4.45 | 0.07 |
| Food Producers Total | 0 | 85,000 | 4.21 | 0.06 | 85,000 | 4.45 | 0.07 |
| European - Currency | 0 | 0 | 53.63 | 0.77 | 0 | 68.45 | 1.06 |
| Hong Kong - Currency | 0 | 0 | 5.59 | 0.08 | 0 | 7.27 | 0.11 |
| Mexican Peso | 0 | 0 | 0.26 | 0.00 | 0 | 0.26 | 0.00 |
| United Kingdom - Currency | 0 | 0 | 0.82 | 0.01 | 0 | 5.17 | 0.08 |
| USA - Currency | 0 | 0 | 58.59 | 0.84 | 0 | 6.96 | 0.11 |
| For Currency Total | 0 | 0 | 118.89 | 1.71 | 0 | 88.10 | 1.36 |
| Foreign - Bonds | 0 | 0 | 371.62 | 5.34 | 0 | 382.95 | 5.91 |
| Foreign - Equities | 0 | 0 | 599.81 | 8.62 | 0 | 645.64 | 9.97 |
| Foreign Invest Total | 0 | 0 | 971.43 | 13.96 | 0 | 1,028.59 | 15.88 |
| British Land Company | -450,000 | 0 | 40.44 | 0.58 | 450,000 | 41.25 | 0.64 |
| Foreign Property Total | -450,000 | 0 | 40.44 | 0.58 | 450,000 | 41.25 | 0.64 |
| Barloworld Ltd. | 0 | 603,218 | 71.18 | 1.02 | 603,218 | 68.11 | 1.05 |
| KAP Ltd. | 0 | 5,749,450 | 9.49 | 0.14 | 5,749,450 | 11.79 | 0.18 |
| Mondi plc | 40,000 | 40,000 | 9.42 | 0.14 | 0 | 0.00 | 0.00 |
| The Bidvest Group Ltd. | 0 | 225,000 | 47.66 | 0.68 | 225,000 | 52.54 | 0.81 |
| General Industrials Total | 40,000 | 6,617,668 | 137.75 | 1.98 | 6,577,668 | 132.44 | 2.04 |
| New Oriental Education | 0 | 35,000 | 32.05 | 0.46 | 35,000 | 33.56 | 0.52 |
| Walmart Inc | 0 | 243,000 | 12.94 | 0.19 | 243,000 | 14.21 | 0.22 |
| Goods & Services Total | 0 | 278,000 | 44.98 | 0.65 | 278,000 | 47.76 | 0.74 |
| Life Healthcare Group Holdings Ltd. | -1,000,000 | 2,100,000 | 24.34 | 0.35 | 3,100,000 | 44.27 | 0.68 |
| Health Care Providers Total | -1,000,000 | 2,100,000 | 24.34 | 0.35 | 3,100,000 | 44.27 | 0.68 |
| Anglo American plc | 7,156 | 60,000 | 38.79 | 0.56 | 52,844 | 27.78 | 0.43 |
| Glencore plc | -200,000 | 1,500,000 | 119.55 | 1.72 | 1,700,000 | 118.24 | 1.83 |
| Kumba Iron Ore Ltd. | -260,000 | 0 | 0.00 | 0.00 | 260,000 | 74.11 | 1.14 |
| Master Drilling Group Ltd. | 0 | 3,200,000 | 50.40 | 0.72 | 3,200,000 | 51.07 | 0.79 |
| Merafe Resources Ltd. | 0 | 40,000,000 | 42.80 | 0.62 | 40,000,000 | 52.40 | 0.81 |
| Industrial Metals and Mining Total | -452,844 | 44,760,000 | 251.54 | 3.62 | 45,212,844 | 323.59 | 5.00 |
| Hudaco Industries Ltd. | 0 | 43,032 | 7.57 | 0.11 | 43,032 | 8.51 | 0.13 |
| Industrial Support Services Total | 0 | 43,032 | 7.57 | 0.11 | 43,032 | 8.51 | 0.13 |
| Brait plc | 0 | 53,800,000 | 114.59 | 1.65 | 53,800,000 | 119.97 | 1.85 |
| Brait plc | 0 | 50,000 | 38.61 | 0.55 | 50,000 | 39.64 | 0.61 |
| Quilter plc | -750,000 | 750,000 | 28.72 | 0.41 | 1,500,000 | 57.03 | 0.88 |
| Zeder Investments Ltd. | 0 | 2,590,033 | 3.50 | 0.05 | 2,590,033 | 3.21 | 0.05 |
| Investment Banking and Brokerage Services Total | -750,000 | 57,190,033 | 185.42 | 2.66 | 57,940,033 | 219.85 | 3.39 |
| Old Mutual Ltd. | 300,000 | 3,300,000 | 44.06 | 0.63 | 3,000,000 | 36.21 | 0.56 |
| Life Insurance Total | 300,000 | 3,300,000 | 44.06 | 0.63 | 3,000,000 | 36.21 | 0.56 |
| Santam Ltd. | 43,400 | 43,400 | 16.40 | 0.24 | 0 | 0.00 | 0.00 |
| Non-life Insurance Total | 43,400 | 43,400 | 16.40 | 0.24 | 0 | 0.00 | 0.00 |
| Abax Global Equity Fund (USD) - A | -450,000 | 0 | 0.00 | 0.00 | 450,000 | 192.80 | 2.98 |
| Offshore Intern Total | -450,000 | 0 | 0.00 | 0.00 | 450,000 | 192.80 | 2.98 |
| Thungela Resources Ltd. | -200,000 | 560,000 | 49.01 | 0.70 | 760,000 | 64.44 | 0.99 |
| Oil, Gas and Coal Total | -200,000 | 560,000 | 49.01 | 0.70 | 760,000 | 64.44 | 0.99 |
| Bid Corporation Ltd. | 50,000 | 150,000 | 64.84 | 0.93 | 100,000 | 46.74 | 0.72 |
| Dis-Chem Pharmacies Ltd. | -182,779 | 1,690,151 | 55.34 | 0.80 | 1,872,930 | 60.50 | 0.93 |
| Pick n Pay Stores Ltd. | 0 | 2,250,000 | 57.13 | 0.82 | 2,250,000 | 60.30 | 0.93 |
| Shoprite Holdings Ltd. | -160,000 | 0 | 0.00 | 0.00 | 160,000 | 44.31 | 0.68 |
| Personal Care, Drug and Grocery Stores Total | -292,779 | 4,090,151 | 177.30 | 2.55 | 4,382,930 | 211.85 | 3.27 |
| Adcock Ingram Holdings Ltd. | -333,400 | 0 | 0.00 | 0.00 | 333,400 | 16.80 | 0.26 |
| Pharmaceuticals and Biotechnology Total | -333,400 | 0 | 0.00 | 0.00 | 333,400 | 16.80 | 0.26 |
| AngloGold Ashanti plc | -8,000 | 0 | 0.00 | 0.00 | 8,000 | 6.41 | 0.10 |
| Valterra Platinum Ltd. | 173,861 | 180,000 | 222.37 | 3.20 | 6,139 | 4.85 | 0.07 |
| Precious Metals and Mining Total | 165,861 | 180,000 | 222.37 | 3.20 | 14,139 | 11.26 | 0.17 |
| Balwin Properties Ltd. | 0 | 20,000,000 | 58.40 | 0.84 | 20,000,000 | 53.00 | 0.82 |
| MAS plc | -206,352 | 243,648 | 5.18 | 0.07 | 450,000 | 10.92 | 0.17 |
| Real Estate Investment and Services Total | -206,352 | 20,243,648 | 63.58 | 0.91 | 20,450,000 | 63.92 | 0.99 |
| Dipula Properties Ltd. | 1,954,867 | 24,954,867 | 137.25 | 1.97 | 23,000,000 | 123.05 | 1.90 |
| Hammerson plc | -180,000 | 0 | 0.00 | 0.00 | 180,000 | 13.37 | 0.21 |
| Octodec Investments Ltd. | 0 | 3,937,234 | 44.77 | 0.64 | 3,937,234 | 40.36 | 0.62 |
| Schroder European Real Estate Investment Trust plc | 0 | 600,000 | 9.18 | 0.13 | 600,000 | 10.04 | 0.16 |
| Stor-Age Property REIT Ltd. | -90,000 | 890,000 | 13.80 | 0.20 | 980,000 | 15.63 | 0.24 |
| Real Estate Investment Trusts Total | 1,684,867 | 30,382,101 | 204.99 | 2.95 | 28,697,234 | 202.45 | 3.12 |
| Auto Trader Group PLC | 0 | 225,000 | 110.83 | 1.59 | 225,000 | 103.12 | 1.59 |
| Retail Total | 0 | 225,000 | 110.83 | 1.59 | 225,000 | 103.12 | 1.59 |
| Combined Motor Holdings Ltd. | 0 | 700,000 | 23.10 | 0.33 | 700,000 | 21.22 | 0.33 |
| Italtile Ltd. | 0 | 1,800,000 | 16.67 | 0.24 | 1,800,000 | 18.00 | 0.28 |
| KAL Group Ltd. | 0 | 883,789 | 36.97 | 0.53 | 883,789 | 37.15 | 0.57 |
| Motus Holdings Ltd. | 0 | 70,000 | 7.28 | 0.10 | 70,000 | 6.59 | 0.10 |
| Mr Price Group Ltd. | -20,000 | 0 | 0.00 | 0.00 | 20,000 | 4.43 | 0.07 |
| Pepkor Holdings Ltd. | 2,264,400 | 3,264,400 | 79.36 | 1.14 | 1,000,000 | 27.23 | 0.42 |
| Truworths International Ltd. | 431,600 | 1,800,000 | 98.46 | 1.42 | 1,368,400 | 97.73 | 1.51 |
| We Buy Cars Holdings Ltd. | 203,657 | 203,657 | 11.28 | 0.16 | 0 | 0.00 | 0.00 |
| Woolworths Holdings Ltd. | 634,800 | 949,500 | 47.75 | 0.69 | 314,700 | 16.29 | 0.25 |
| Retailers Total | 3,514,457 | 9,671,346 | 320.86 | 4.61 | 6,156,889 | 228.63 | 3.53 |
| Bytes Technology Group plc | 170,000 | 170,000 | 15.69 | 0.23 | 0 | 0.00 | 0.00 |
| Software and Computer Services Total | 170,000 | 170,000 | 15.69 | 0.23 | 0 | 0.00 | 0.00 |
| British American Tobacco plc | 9,000 | 9,000 | 8.21 | 0.12 | 0 | 0.00 | 0.00 |
| Tobacco Total | 9,000 | 9,000 | 8.21 | 0.12 | 0 | 0.00 | 0.00 |
| City Lodge Hotels Ltd. | 0 | 6,334,100 | 25.72 | 0.37 | 6,334,100 | 24.96 | 0.39 |
| Southern Sun Ltd. | -55,369 | 750,000 | 6.41 | 0.09 | 805,369 | 7.10 | 0.11 |
| Spur Corporation Ltd. | 400,000 | 800,000 | 27.29 | 0.39 | 400,000 | 13.16 | 0.20 |
| Sun International Ltd. | 600,000 | 1,800,000 | 72.63 | 1.04 | 1,200,000 | 52.43 | 0.81 |
| Travel and Leisure Total | 944,631 | 9,684,100 | 132.05 | 1.90 | 8,739,469 | 97.65 | 1.51 |
| Portfolio Total | -385,836,122 | 705,164,574 | 6,958.42 | 100.00 | 1,091,000,696 | 6,478.32 | 100.00 |