| | | |
| Security | Change | # Units | Value (Rm) | % Fund | # Units | Value (Rm) | % Fund |
| Capricorn Group Ltd. | -335,822 | 0 | 0.00 | 0.00 | 335,822 | 4.70 | 1.56 |
| Standard Bank Group Ltd. | -3,900 | 0 | 0.00 | 0.00 | 3,900 | 18.82 | 6.25 |
| Banks Total | -339,722 | 0 | 0.00 | 0.00 | 339,722 | 23.52 | 7.81 |
| SA Bond INLV01 | -3,886,222 | 0 | 0.00 | 0.00 | 3,886,222 | 3.95 | 1.31 |
| SA Bond KAP012 | -3,000,000 | 0 | 0.00 | 0.00 | 3,000,000 | 3.02 | 1.00 |
| SA Bond NAM01 | -33,100,000 | 0 | 0.00 | 0.00 | 33,100,000 | 34.87 | 11.58 |
| Bond Total | -39,986,222 | 0 | 0.00 | 0.00 | 39,986,222 | 41.83 | 13.90 |
| iShares Iboxx High Yield Corporate Bond Fund | 0 | 6,344 | 8.91 | 2.89 | 6,344 | 8.92 | 2.96 |
| Bonds Total | 0 | 6,344 | 8.91 | 2.89 | 6,344 | 8.92 | 2.96 |
| Margin Account | 0 | 0 | 6.18 | 2.01 | 0 | 5.43 | 1.81 |
| Namibia Cash | 0 | 0 | 24.40 | 7.92 | 0 | 57.54 | 19.12 |
| Cash on call Total | 0 | 0 | 30.58 | 9.93 | 0 | 62.97 | 20.92 |
| Bond Derivative | 0 | 0 | -0.05 | -0.02 | 0 | -0.16 | -0.05 |
| Derivatives Total | 0 | 0 | -0.05 | -0.02 | 0 | -0.16 | -0.05 |
| Capricorn Investment Holdings Ltd. | 335,822 | 335,822 | 4.39 | 1.42 | 0 | 0.00 | 0.00 |
| Development Capital Total | 335,822 | 335,822 | 4.39 | 1.42 | 0 | 0.00 | 0.00 |
| iShares $ TIPS UCITS ETF | -4,135 | 7,622 | 16.25 | 5.28 | 11,757 | 25.16 | 8.36 |
| iShares Core MSCI Emerging Markets ETF | 9,105 | 15,534 | 13.57 | 4.41 | 6,429 | 5.34 | 1.78 |
| SPDR S&P Bank ETF | 0 | 2,974 | 16.61 | 5.39 | 2,974 | 15.73 | 5.23 |
| Equities Total | 4,970 | 26,130 | 46.42 | 15.07 | 21,160 | 46.23 | 15.37 |
| 1nvestGold ETF | 29,702 | 34,725 | 13.84 | 4.50 | 5,023 | 1.52 | 0.50 |
| Exchange Traded Funds Total | 29,702 | 34,725 | 13.84 | 4.50 | 5,023 | 1.52 | 0.50 |
| USA - Currency | 0 | 0 | 13.74 | 4.46 | 0 | 17.42 | 5.79 |
| For Currency Total | 0 | 0 | 13.74 | 4.46 | 0 | 17.42 | 5.79 |
| Foreign - Bonds | 0 | 0 | 154.09 | 50.03 | 0 | 61.96 | 20.59 |
| Foreign Invest Total | 0 | 0 | 154.09 | 50.03 | 0 | 61.96 | 20.59 |
| KAP Ltd. | 0 | 314,656 | 0.78 | 0.25 | 314,656 | 0.78 | 0.26 |
| General Industrials Total | 0 | 314,656 | 0.78 | 0.25 | 314,656 | 0.78 | 0.26 |
| Standard Bank Namibia Income Fund | 294,624 | 18,317,817 | 18.22 | 5.92 | 18,023,193 | 17.89 | 5.94 |
| Income Total | 294,624 | 18,317,817 | 18.22 | 5.92 | 18,023,193 | 17.89 | 5.94 |
| Standard Bank Namibia Money Market - R | 18 | 1,545 | 0.00 | 0.00 | 1,527 | 0.00 | 0.00 |
| Stanlib Inst Money Market - B4 | 445 | 36,406 | 0.04 | 0.01 | 35,961 | 0.04 | 0.01 |
| Money Market Total | 463 | 37,951 | 0.04 | 0.01 | 37,488 | 0.04 | 0.01 |
| iShares Core MSCI World UCITS ETF | 0 | 5,958 | 4.49 | 1.46 | 5,958 | 4.42 | 1.47 |
| Offshore Intern Total | 0 | 5,958 | 4.49 | 1.46 | 5,958 | 4.42 | 1.47 |
| SPDR S&P Oil & Gas Equipment & Services ETF | 0 | 8,346 | 3.96 | 1.29 | 8,346 | 4.71 | 1.57 |
| SPDR S&P Oil & Gas Exploration & Production ETF | 0 | 2,259 | 1.61 | 0.52 | 2,259 | 1.99 | 0.66 |
| Oil and Gas Total | 0 | 10,605 | 5.57 | 1.81 | 10,605 | 6.70 | 2.23 |
| Stor-Age Property REIT Ltd. | 5,682 | 159,494 | 1.98 | 0.64 | 153,812 | 2.09 | 0.70 |
| Real Estate Investment Trusts Total | 5,682 | 159,494 | 1.98 | 0.64 | 153,812 | 2.09 | 0.70 |
| Huge Group Ltd. | 0 | 1,114,231 | 5.00 | 1.62 | 1,114,231 | 4.85 | 1.61 |
| Telecommunications Service Providers Total | 0 | 1,114,231 | 5.00 | 1.62 | 1,114,231 | 4.85 | 1.61 |
| Portfolio Total | -39,654,681 | 20,363,733 | 308.01 | 100.00 | 60,018,414 | 300.99 | 100.00 |