| | | |
| Security | Change | # Units | Value (Rm) | % Fund | # Units | Value (Rm) | % Fund |
| Capitec Bank Holdings Ltd. | 600 | 1,390 | 5.68 | 3.19 | 790 | 3.28 | 2.22 |
| FirstRand Ltd. | 11,604 | 56,874 | 5.01 | 2.82 | 45,270 | 4.11 | 2.78 |
| Standard Bank Group Ltd. | 1,000 | 11,897 | 3.59 | 2.01 | 10,897 | 3.16 | 2.14 |
| Nu Holdings Ltd | 0 | 5,640 | 1.30 | 0.73 | 5,640 | 1.57 | 1.07 |
| Banks Total | 13,204 | 75,801 | 15.57 | 8.75 | 62,597 | 12.13 | 8.21 |
| Anheuser-Busch InBev SA/NV | 0 | 1,993 | 2.35 | 1.32 | 1,993 | 2.13 | 1.44 |
| Beverages Total | 0 | 1,993 | 2.35 | 1.32 | 1,993 | 2.13 | 1.44 |
| Cash on call | 0 | 0 | 30.59 | 17.18 | 0 | 25.34 | 17.14 |
| Cash on call Total | 0 | 0 | 30.59 | 17.18 | 0 | 25.34 | 17.14 |
| Sasol Ltd. | 1,000 | 1,000 | 0.22 | 0.13 | 0 | 0.00 | 0.00 |
| Thermo Fisher Scientific Inc | 0 | 99 | 0.81 | 0.45 | 99 | 0.96 | 0.65 |
| Chemicals Total | 1,000 | 1,099 | 1.03 | 0.58 | 99 | 0.96 | 0.65 |
| Alphabet Inc C | 0 | 227 | 1.05 | 0.59 | 227 | 1.18 | 0.80 |
| Cyclical Goods & Services Total | 0 | 227 | 1.05 | 0.59 | 227 | 1.18 | 0.80 |
| ChevronTexaco Corp | 260 | 260 | 0.93 | 0.52 | 0 | 0.00 | 0.00 |
| Energy Total | 260 | 260 | 0.93 | 0.52 | 0 | 0.00 | 0.00 |
| NewGold | 100 | 100 | 0.07 | 0.04 | 0 | 0.00 | 0.00 |
| Sygnia Itrix MSCI USA Index ETF | 0 | 3,429 | 0.35 | 0.20 | 3,429 | 0.37 | 0.25 |
| Sygnia Itrix MSCI World Index ETF | 0 | 5,143 | 0.37 | 0.21 | 5,143 | 0.38 | 0.26 |
| Exchange Traded Funds Total | 100 | 8,672 | 0.79 | 0.45 | 8,572 | 0.75 | 0.51 |
| AMC - Absa Global Equity | -1,786 | 0 | 0.00 | 0.00 | 1,786 | 0.38 | 0.26 |
| Exchange Traded Notes | 1,786 | 1,786 | 0.36 | 0.20 | 0 | 0.00 | 0.00 |
| Exchange Traded Notes Total | 0 | 1,786 | 0.36 | 0.20 | 1,786 | 0.38 | 0.26 |
| Mercadolibre Inc | 15 | 30 | 0.83 | 0.46 | 15 | 0.50 | 0.34 |
| Financial Services Total | 15 | 30 | 0.83 | 0.46 | 15 | 0.50 | 0.34 |
| Yum China Holdings Inc | 0 | 60 | 0.05 | 0.03 | 60 | 0.05 | 0.03 |
| Food & Beverage Total | 0 | 60 | 0.05 | 0.03 | 60 | 0.05 | 0.03 |
| USA - Currency | 0 | 0 | 2.09 | 1.18 | 0 | 3.08 | 2.09 |
| For Currency Total | 0 | 0 | 2.09 | 1.18 | 0 | 3.08 | 2.09 |
| Foreign - Equities | 0 | 0 | 0.49 | 0.28 | 0 | 0.52 | 0.35 |
| Foreign Invest Total | 0 | 0 | 0.49 | 0.28 | 0 | 0.52 | 0.35 |
| SPW Equity - B1 | 652 | 82,007 | 3.13 | 1.76 | 81,355 | 3.26 | 2.20 |
| General Equity Total | 652 | 82,007 | 3.13 | 1.76 | 81,355 | 3.26 | 2.20 |
| Mondi plc | 0 | 6,500 | 1.26 | 0.71 | 6,500 | 1.32 | 0.90 |
| The Bidvest Group Ltd. | 0 | 20,555 | 4.68 | 2.63 | 20,555 | 4.88 | 3.30 |
| General Industrials Total | 0 | 27,055 | 5.94 | 3.34 | 27,055 | 6.21 | 4.20 |
| Procter & Gamble Company | 0 | 188 | 0.46 | 0.26 | 188 | 0.45 | 0.30 |
| Goods & Services Total | 0 | 188 | 0.46 | 0.26 | 188 | 0.45 | 0.30 |
| Intuitive Surgical Inc | 55 | 77 | 0.56 | 0.32 | 22 | 0.24 | 0.16 |
| Novo-Nordisk A/S | 700 | 700 | 0.43 | 0.24 | 0 | 0.00 | 0.00 |
| Novozymes A/S | -700 | 0 | 0.00 | 0.00 | 700 | 0.59 | 0.40 |
| Healthcare Total | 55 | 777 | 0.99 | 0.56 | 722 | 0.84 | 0.57 |
| Sappi Ltd. | 42,500 | 42,500 | 0.72 | 0.40 | 0 | 0.00 | 0.00 |
| Industrial Materials Total | 42,500 | 42,500 | 0.72 | 0.40 | 0 | 0.00 | 0.00 |
| Afrimat Ltd. | 0 | 83,714 | 3.10 | 1.74 | 83,714 | 3.45 | 2.33 |
| Anglo American plc | 0 | 8,332 | 5.97 | 3.35 | 8,332 | 5.71 | 3.86 |
| BHP Group Ltd. | 0 | 5,374 | 3.24 | 1.82 | 5,374 | 2.73 | 1.84 |
| Glencore plc | 0 | 58,025 | 7.40 | 4.16 | 58,025 | 5.29 | 3.58 |
| Merafe Resources Ltd. | 0 | 800,829 | 0.96 | 0.54 | 800,829 | 0.87 | 0.59 |
| Industrial Metals and Mining Total | 0 | 956,274 | 20.67 | 11.61 | 956,274 | 18.04 | 12.21 |
| Berkshire Hathaway Inc | 0 | 146 | 1.18 | 0.66 | 146 | 1.22 | 0.82 |
| Insurance Total | 0 | 146 | 1.18 | 0.66 | 146 | 1.22 | 0.82 |
| JSE Ltd. | 900 | 19,486 | 3.08 | 1.73 | 18,586 | 2.67 | 1.80 |
| Reinet Investments SCA | 1,400 | 9,040 | 4.94 | 2.78 | 7,640 | 4.43 | 3.00 |
| Remgro Ltd. | 4,000 | 19,522 | 3.67 | 2.06 | 15,522 | 2.82 | 1.91 |
| Investment Banking and Brokerage Services Total | 6,300 | 48,048 | 11.69 | 6.57 | 41,748 | 9.92 | 6.71 |
| Sanlam Ltd. | 2,400 | 2,400 | 0.21 | 0.12 | 0 | 0.00 | 0.00 |
| Life Insurance Total | 2,400 | 2,400 | 0.21 | 0.12 | 0 | 0.00 | 0.00 |
| eMedia Holdings Ltd. | 0 | 6,513 | 0.01 | 0.01 | 6,513 | 0.01 | 0.01 |
| Media Total | 0 | 6,513 | 0.01 | 0.01 | 6,513 | 0.01 | 0.01 |
| OUTsurance Group Ltd. | 6,468 | 26,598 | 1.85 | 1.04 | 20,130 | 1.44 | 0.98 |
| Santam Ltd. | 270 | 270 | 0.11 | 0.06 | 0 | 0.00 | 0.00 |
| Non-life Insurance Total | 6,738 | 26,868 | 1.95 | 1.10 | 20,130 | 1.44 | 0.98 |
| Bid Corporation Ltd. | 1,643 | 12,400 | 5.07 | 2.85 | 10,757 | 4.54 | 3.07 |
| Boxer Retail Ltd. | 0 | 26,274 | 1.98 | 1.11 | 26,274 | 1.87 | 1.27 |
| Clicks Group Ltd. | 4,300 | 13,800 | 3.99 | 2.24 | 9,500 | 3.20 | 2.16 |
| Shoprite Holdings Ltd. | 1,173 | 16,300 | 4.53 | 2.55 | 15,127 | 4.09 | 2.77 |
| Personal Care, Drug and Grocery Stores Total | 7,116 | 68,774 | 15.57 | 8.75 | 61,658 | 13.70 | 9.27 |
| Compagnie Financière Richemont SA | 2,295 | 4,265 | 12.52 | 7.03 | 1,970 | 7.15 | 4.83 |
| Personal Goods Total | 2,295 | 4,265 | 12.52 | 7.03 | 1,970 | 7.15 | 4.83 |
| Aspen Pharmacare Holdings Ltd. | -3,000 | 28,042 | 3.62 | 2.03 | 31,042 | 3.63 | 2.45 |
| Pharmaceuticals and Biotechnology Total | -3,000 | 28,042 | 3.62 | 2.03 | 31,042 | 3.63 | 2.45 |
| AngloGold Ashanti plc | 1,590 | 1,590 | 2.55 | 1.43 | 0 | 0.00 | 0.00 |
| Gold Fields Ltd. | 770 | 5,770 | 4.31 | 2.42 | 5,000 | 3.63 | 2.45 |
| Northam Platinum Holdings Ltd. | 0 | 17,700 | 5.99 | 3.37 | 17,700 | 5.97 | 4.04 |
| Pan African Resources plc | 57,700 | 57,700 | 1.76 | 0.99 | 0 | 0.00 | 0.00 |
| Valterra Platinum Ltd. | 0 | 1,230 | 1.70 | 0.95 | 1,230 | 1.73 | 1.17 |
| Precious Metals and Mining Total | 60,060 | 83,990 | 16.31 | 9.16 | 23,930 | 11.33 | 7.66 |
| Pepkor Holdings Ltd. | 41,992 | 100,000 | 2.25 | 1.26 | 58,008 | 1.53 | 1.04 |
| Retailers Total | 41,992 | 100,000 | 2.25 | 1.26 | 58,008 | 1.53 | 1.04 |
| Naspers Ltd. | 250 | 6,015 | 5.16 | 2.90 | 5,765 | 6.37 | 4.31 |
| Prosus NV | 1,814 | 9,600 | 7.34 | 4.12 | 7,786 | 7.97 | 5.39 |
| Software and Computer Services Total | 2,064 | 15,615 | 12.49 | 7.02 | 13,551 | 14.34 | 9.70 |
| Amazon.Com | 0 | 136 | 0.46 | 0.26 | 136 | 0.52 | 0.35 |
| Automatic Data Processing | 0 | 60 | 0.21 | 0.12 | 60 | 0.26 | 0.18 |
| Fiserv Incorporated | 0 | 519 | 0.48 | 0.27 | 519 | 0.58 | 0.39 |
| Microsoft Corporation | 49 | 100 | 0.61 | 0.34 | 51 | 0.41 | 0.28 |
| Technology Total | 49 | 815 | 1.77 | 0.99 | 766 | 1.77 | 1.20 |
| British American Tobacco plc | 4,014 | 10,265 | 10.38 | 5.83 | 6,251 | 5.97 | 4.04 |
| Tobacco Total | 4,014 | 10,265 | 10.38 | 5.83 | 6,251 | 5.97 | 4.04 |
| Portfolio Total | 187,814 | 1,594,470 | 178.03 | 100.00 | 1,406,656 | 147.81 | 100.00 |