| | | |
| Security | Change | # Units | Value (Rm) | % Fund | # Units | Value (Rm) | % Fund |
| Capitec Bank Holdings Ltd. | 0 | 790 | 2.74 | 2.07 | 790 | 2.81 | 2.28 |
| FirstRand Ltd. | 3,000 | 45,270 | 3.52 | 2.66 | 42,270 | 3.22 | 2.61 |
| Standard Bank Group Ltd. | 0 | 10,897 | 2.57 | 1.94 | 10,897 | 2.48 | 2.01 |
| Nu Holdings Ltd | 0 | 5,640 | 1.55 | 1.17 | 5,640 | 1.33 | 1.08 |
| Banks Total | 3,000 | 62,597 | 10.39 | 7.84 | 59,597 | 9.84 | 7.97 |
| Anheuser-Busch InBev SA/NV | 0 | 1,713 | 1.77 | 1.33 | 1,713 | 2.09 | 1.69 |
| Beverages Total | 0 | 1,713 | 1.77 | 1.33 | 1,713 | 2.09 | 1.69 |
| Cash on call | 0 | 0 | 20.54 | 15.49 | 0 | 22.17 | 17.95 |
| Cash on call Total | 0 | 0 | 20.54 | 15.49 | 0 | 22.17 | 17.95 |
| Thermo Fisher Scientific Inc | 0 | 99 | 0.79 | 0.60 | 99 | 0.72 | 0.58 |
| Chemicals Total | 0 | 99 | 0.79 | 0.60 | 99 | 0.72 | 0.58 |
| Alphabet Inc C | 0 | 227 | 0.96 | 0.72 | 227 | 0.72 | 0.58 |
| Cyclical Goods & Services Total | 0 | 227 | 0.96 | 0.72 | 227 | 0.72 | 0.58 |
| Sygnia Itrix MSCI USA Index ETF | 0 | 3,429 | 0.37 | 0.28 | 3,429 | 0.36 | 0.29 |
| Sygnia Itrix MSCI World Index ETF | 0 | 5,143 | 0.38 | 0.29 | 5,143 | 0.37 | 0.30 |
| Exchange Traded Funds Total | 0 | 8,572 | 0.75 | 0.57 | 8,572 | 0.73 | 0.59 |
| Yum China Holdings Inc | 0 | 60 | 0.05 | 0.03 | 60 | 0.05 | 0.04 |
| Food & Beverage Total | 0 | 60 | 0.05 | 0.03 | 60 | 0.05 | 0.04 |
| USA - Currency | 0 | 0 | 0.00 | 0.00 | 0 | 1.77 | 1.43 |
| For Currency Total | 0 | 0 | 0.00 | 0.00 | 0 | 1.77 | 1.43 |
| Foreign - Equities | 0 | 0 | 0.38 | 0.29 | 0 | 0.37 | 0.30 |
| USA - Foreign Investments | 0 | 0 | 2.15 | 1.62 | 0 | 0.00 | 0.00 |
| Foreign Invest Total | 0 | 0 | 2.53 | 1.91 | 0 | 0.37 | 0.30 |
| SPW Equity - B1 | 1,100 | 81,355 | 2.99 | 2.26 | 80,255 | 2.67 | 2.16 |
| General Equity Total | 1,100 | 81,355 | 2.99 | 2.26 | 80,255 | 2.67 | 2.16 |
| Mondi plc | 0 | 6,500 | 1.54 | 1.16 | 6,500 | 1.89 | 1.53 |
| The Bidvest Group Ltd. | 0 | 20,555 | 4.34 | 3.27 | 20,555 | 4.83 | 3.91 |
| General Industrials Total | 0 | 27,055 | 5.87 | 4.43 | 27,055 | 6.72 | 5.44 |
| Procter & Gamble Company | 0 | 188 | 0.50 | 0.38 | 188 | 0.53 | 0.43 |
| Goods & Services Total | 0 | 188 | 0.50 | 0.38 | 188 | 0.53 | 0.43 |
| Novo-Nordisk A/S | 300 | 700 | 0.67 | 0.51 | 400 | 0.49 | 0.39 |
| Healthcare Total | 300 | 700 | 0.67 | 0.51 | 400 | 0.49 | 0.39 |
| Afrimat Ltd. | 7,000 | 75,964 | 2.90 | 2.19 | 68,964 | 3.06 | 2.48 |
| Anglo American plc | 0 | 8,332 | 5.37 | 4.05 | 8,332 | 4.34 | 3.51 |
| BHP Group Ltd. | 0 | 5,374 | 2.57 | 1.94 | 5,374 | 2.29 | 1.85 |
| Glencore plc | 0 | 58,025 | 4.64 | 3.50 | 58,025 | 4.03 | 3.26 |
| Merafe Resources Ltd. | 447,000 | 800,829 | 0.86 | 0.65 | 353,829 | 0.46 | 0.38 |
| Industrial Metals and Mining Total | 454,000 | 948,524 | 16.34 | 12.33 | 494,524 | 14.18 | 11.48 |
| Berkshire Hathaway Inc | 35 | 146 | 1.26 | 0.95 | 111 | 0.96 | 0.78 |
| Insurance Total | 35 | 146 | 1.26 | 0.95 | 111 | 0.96 | 0.78 |
| JSE Ltd. | 0 | 18,586 | 2.37 | 1.79 | 18,586 | 2.48 | 2.01 |
| Reinet Investments SCA | 570 | 7,640 | 3.86 | 2.91 | 7,070 | 4.07 | 3.29 |
| Remgro Ltd. | 0 | 15,522 | 2.62 | 1.98 | 15,522 | 2.44 | 1.98 |
| Investment Banking and Brokerage Services Total | 570 | 41,748 | 8.86 | 6.68 | 41,178 | 8.99 | 7.28 |
| eMedia Holdings Ltd. | 6,513 | 6,513 | 0.01 | 0.01 | 0 | 0.00 | 0.00 |
| Media Total | 6,513 | 6,513 | 0.01 | 0.01 | 0 | 0.00 | 0.00 |
| OUTsurance Group Ltd. | 0 | 20,130 | 1.44 | 1.08 | 20,130 | 1.58 | 1.28 |
| Non-life Insurance Total | 0 | 20,130 | 1.44 | 1.08 | 20,130 | 1.58 | 1.28 |
| Bid Corporation Ltd. | 1,130 | 9,797 | 4.23 | 3.19 | 8,667 | 4.09 | 3.31 |
| Boxer Retail Ltd. | 0 | 26,274 | 1.80 | 1.36 | 26,274 | 1.81 | 1.46 |
| Clicks Group Ltd. | 0 | 7,990 | 2.83 | 2.13 | 7,990 | 2.98 | 2.41 |
| Shoprite Holdings Ltd. | 2,650 | 15,127 | 4.15 | 3.13 | 12,477 | 3.49 | 2.83 |
| Personal Care, Drug and Grocery Stores Total | 3,780 | 59,188 | 13.00 | 9.81 | 55,408 | 12.37 | 10.02 |
| Compagnie Financière Richemont SA | 330 | 1,970 | 6.44 | 4.86 | 1,640 | 5.46 | 4.43 |
| Personal Goods Total | 330 | 1,970 | 6.44 | 4.86 | 1,640 | 5.46 | 4.43 |
| Aspen Pharmacare Holdings Ltd. | 5,150 | 31,042 | 2.98 | 2.25 | 25,892 | 3.10 | 2.51 |
| Pharmaceuticals and Biotechnology Total | 5,150 | 31,042 | 2.98 | 2.25 | 25,892 | 3.10 | 2.51 |
| Gold Fields Ltd. | 0 | 5,000 | 3.59 | 2.70 | 5,000 | 2.08 | 1.68 |
| Northam Platinum Holdings Ltd. | 0 | 17,700 | 4.94 | 3.73 | 17,700 | 3.42 | 2.77 |
| Valterra Platinum Ltd. | 0 | 1,230 | 1.49 | 1.12 | 1,230 | 0.97 | 0.79 |
| Precious Metals and Mining Total | 0 | 23,930 | 10.01 | 7.55 | 23,930 | 6.48 | 5.25 |
| Pepkor Holdings Ltd. | 0 | 58,008 | 1.42 | 1.07 | 58,008 | 1.58 | 1.28 |
| Retailers Total | 0 | 58,008 | 1.42 | 1.07 | 58,008 | 1.58 | 1.28 |
| Naspers Ltd. | 0 | 1,153 | 7.27 | 5.48 | 1,153 | 6.39 | 5.18 |
| Prosus NV | 310 | 7,311 | 8.95 | 6.75 | 7,001 | 6.93 | 5.62 |
| Software and Computer Services Total | 310 | 8,464 | 16.22 | 12.24 | 8,154 | 13.32 | 10.79 |
| Amazon.Com | 0 | 136 | 0.52 | 0.39 | 136 | 0.54 | 0.44 |
| Fiserv Incorporated | 0 | 169 | 0.38 | 0.29 | 169 | 0.52 | 0.42 |
| Microsoft Corporation | 0 | 51 | 0.45 | 0.34 | 51 | 0.45 | 0.36 |
| Technology Total | 0 | 356 | 1.36 | 1.02 | 356 | 1.51 | 1.22 |
| British American Tobacco plc | 0 | 5,951 | 5.42 | 4.09 | 5,951 | 5.09 | 4.12 |
| Tobacco Total | 0 | 5,951 | 5.42 | 4.09 | 5,951 | 5.09 | 4.12 |
| Portfolio Total | 475,088 | 1,388,536 | 132.57 | 100.00 | 913,448 | 123.47 | 100.00 |