| | | |
| Security | Change | # Units | Value (Rm) | % Fund | # Units | Value (Rm) | % Fund |
| Absa Group Ltd. | 0 | 127,164 | 23.03 | 0.74 | 127,164 | 22.38 | 0.79 |
| Capitec Bank Holdings Ltd. | 0 | 13,106 | 45.53 | 1.47 | 13,106 | 46.54 | 1.64 |
| FirstRand Ltd. | 24,381 | 661,969 | 51.41 | 1.66 | 637,588 | 48.26 | 1.70 |
| Nedbank Group Ltd. | -19,631 | 27,823 | 5.94 | 0.19 | 47,454 | 11.53 | 0.41 |
| Standard Bank Group Ltd. | -9,500 | 156,019 | 36.88 | 1.19 | 165,519 | 37.66 | 1.33 |
| Banks Total | -4,750 | 986,081 | 162.79 | 5.25 | 990,831 | 166.37 | 5.86 |
| Anheuser-Busch InBev SA/NV | 0 | 17,804 | 18.28 | 0.59 | 17,804 | 21.70 | 0.76 |
| Beverages Total | 0 | 17,804 | 18.28 | 0.59 | 17,804 | 21.70 | 0.76 |
| SA Bond ASN694 | -51,262,000 | 25,738,000 | 26.72 | 0.86 | 77,000,000 | 78.24 | 2.75 |
| SA Bond BNDS | 0 | 0 | -1.63 | -0.05 | 0 | -1.06 | -0.04 |
| SA Bond I2033 | 164,151,000 | 371,531,000 | 497.14 | 16.02 | 207,380,000 | 268.38 | 9.45 |
| SA Bond IVC244 | 0 | 84,000,000 | 84.20 | 2.71 | 84,000,000 | 84.25 | 2.97 |
| SA Bond R2035 | -26,935,000 | 74,406,000 | 73.64 | 2.37 | 101,341,000 | 97.66 | 3.44 |
| SA Bond R2037 | 8,306,000 | 269,965,000 | 252.31 | 8.13 | 261,659,000 | 236.99 | 8.34 |
| SA Bond R2040 | -64,727,000 | 229,777,000 | 213.95 | 6.89 | 294,504,000 | 265.66 | 9.35 |
| SA Bond R213 | 2,088,000 | 56,465,000 | 53.90 | 1.74 | 54,377,000 | 51.31 | 1.81 |
| SA Bond RN2030 | -99,000,000 | 4,085,000 | 4.11 | 0.13 | 103,085,000 | 102.72 | 3.62 |
| Bond Total | -67,379,000 | 1,115,967,000 | 1,204.34 | 38.81 | 1,183,346,000 | 1,184.15 | 41.68 |
| Cash on call | 0 | 0 | -110.99 | -3.58 | 0 | -265.03 | -9.33 |
| Cash on call Total | 0 | 0 | -110.99 | -3.58 | 0 | -265.03 | -9.33 |
| Sasol Ltd. | -40,407 | 0 | 0.00 | 0.00 | 40,407 | 3.18 | 0.11 |
| Chemicals Total | -40,407 | 0 | 0.00 | 0.00 | 40,407 | 3.18 | 0.11 |
| Vangaurd FTSE All World ETF | 0 | 57,879 | 79.68 | 2.57 | 57,879 | 79.72 | 2.81 |
| Vanguard FTSE Emerging Markets ETF | 0 | 68,114 | 63.67 | 2.05 | 68,114 | 59.87 | 2.11 |
| Vanguard Short Term Treasury ETF | 0 | 47,784 | 48.52 | 1.56 | 47,784 | 49.91 | 1.76 |
| Vanguard Total World Stock ETF | 0 | 57,281 | 136.18 | 4.39 | 57,281 | 130.83 | 4.60 |
| Equities Total | 0 | 231,058 | 328.05 | 10.57 | 231,058 | 320.33 | 11.27 |
| Canada - Currency | 0 | 0 | 0.00 | 0.00 | 0 | 0.00 | 0.00 |
| European - Currency | 0 | 0 | 0.00 | 0.00 | 0 | 0.00 | 0.00 |
| Foreign - Money Market | 0 | 0 | 108.95 | 3.51 | 0 | 0.00 | 0.00 |
| Hong Kong - Currency | 0 | 0 | 0.00 | 0.00 | 0 | 0.00 | 0.00 |
| Japan - Currency | 0 | 0 | 0.00 | 0.00 | 0 | 0.00 | 0.00 |
| USA - Currency | 0 | 0 | 94.47 | 3.04 | 0 | 96.00 | 3.38 |
| For Currency Total | 0 | 0 | 203.42 | 6.55 | 0 | 96.00 | 3.38 |
| Foreign - Bonds | 0 | 0 | 52.95 | 1.71 | 0 | 161.34 | 5.68 |
| Foreign Invest Total | 0 | 0 | 52.95 | 1.71 | 0 | 161.34 | 5.68 |
| Mondi plc | -6,033 | 59,612 | 14.05 | 0.45 | 65,645 | 19.11 | 0.67 |
| The Bidvest Group Ltd. | 0 | 84,010 | 17.79 | 0.57 | 84,010 | 19.62 | 0.69 |
| General Industrials Total | -6,033 | 143,622 | 31.84 | 1.03 | 149,655 | 38.73 | 1.36 |
| Anglo American plc | -3,443 | 51,613 | 33.37 | 1.08 | 55,056 | 28.94 | 1.02 |
| BHP Group Ltd. | -5,161 | 32,971 | 15.71 | 0.51 | 38,132 | 16.28 | 0.57 |
| Glencore plc | 45,562 | 200,128 | 15.95 | 0.51 | 154,566 | 10.75 | 0.38 |
| Kumba Iron Ore Ltd. | 13,706 | 36,626 | 11.90 | 0.38 | 22,920 | 6.53 | 0.23 |
| Industrial Metals and Mining Total | 50,664 | 321,338 | 76.93 | 2.48 | 270,674 | 62.50 | 2.20 |
| Quilter plc | 0 | 175,633 | 6.72 | 0.22 | 175,633 | 6.68 | 0.24 |
| Remgro Ltd. | 0 | 195,180 | 32.74 | 1.05 | 195,180 | 30.88 | 1.09 |
| Investment Banking and Brokerage Services Total | 0 | 370,813 | 39.46 | 1.27 | 370,813 | 37.56 | 1.32 |
| Old Mutual Ltd. | 611,026 | 1,246,643 | 16.64 | 0.54 | 635,617 | 7.67 | 0.27 |
| Sanlam Ltd. | 0 | 290,421 | 24.28 | 0.78 | 290,421 | 25.75 | 0.91 |
| Life Insurance Total | 611,026 | 1,537,064 | 40.92 | 1.32 | 926,038 | 33.42 | 1.18 |
| eMedia Holdings Ltd. | 81,897 | 81,897 | 0.15 | 0.00 | 0 | 0.00 | 0.00 |
| Media Total | 81,897 | 81,897 | 0.15 | 0.00 | 0 | 0.00 | 0.00 |
| 0 | 0 | 23.15 | 0.75 | 0 | 0.00 | 0.00 |
| Money Market - 11 months duration | 0 | 0 | 0.00 | 0.00 | 0 | 187.93 | 6.61 |
| Money Market - 13 months duration | 0 | 0 | 39.14 | 1.26 | 0 | 0.00 | 0.00 |
| Money Market - 31 months duration | 0 | 0 | 189.72 | 6.11 | 0 | 0.00 | 0.00 |
| Money Market - 34 months duration | 0 | 0 | 0.00 | 0.00 | 0 | 153.06 | 5.39 |
| Money Market - 8 months duration | 0 | 0 | 43.29 | 1.39 | 0 | 20.62 | 0.73 |
| Money Market Total | 0 | 0 | 295.30 | 9.51 | 0 | 361.61 | 12.73 |
| Bid Corporation Ltd. | -9,509 | 60,547 | 26.17 | 0.84 | 70,056 | 32.75 | 1.15 |
| Boxer Retail Ltd. | -37,438 | 82,226 | 5.69 | 0.18 | 119,664 | 8.29 | 0.29 |
| Shoprite Holdings Ltd. | 16,954 | 113,544 | 31.11 | 1.00 | 96,590 | 26.75 | 0.94 |
| Personal Care, Drug and Grocery Stores Total | -29,993 | 256,317 | 62.97 | 2.03 | 286,310 | 67.78 | 2.39 |
| Compagnie Financière Richemont SA | 4,802 | 9,125 | 29.83 | 0.96 | 4,323 | 14.40 | 0.51 |
| Personal Goods Total | 4,802 | 9,125 | 29.83 | 0.96 | 4,323 | 14.40 | 0.51 |
| Aspen Pharmacare Holdings Ltd. | -129,775 | 0 | 0.00 | 0.00 | 129,775 | 15.51 | 0.55 |
| Pharmaceuticals and Biotechnology Total | -129,775 | 0 | 0.00 | 0.00 | 129,775 | 15.51 | 0.55 |
| AngloGold Ashanti plc | 7,266 | 51,920 | 63.01 | 2.03 | 44,654 | 35.76 | 1.26 |
| Gold Fields Ltd. | 15,242 | 104,083 | 75.89 | 2.45 | 88,841 | 36.94 | 1.30 |
| Harmony Gold Mining Company Ltd. | -8,971 | 90,551 | 28.51 | 0.92 | 99,522 | 24.36 | 0.86 |
| Impala Platinum Holdings Ltd. | 45,574 | 45,574 | 10.05 | 0.32 | 0 | 0.00 | 0.00 |
| Northam Platinum Holdings Ltd. | -95,492 | 50,719 | 14.25 | 0.46 | 146,211 | 28.03 | 0.99 |
| Valterra Platinum Ltd. | 19,078 | 52,263 | 64.56 | 2.08 | 33,185 | 26.23 | 0.92 |
| Precious Metals and Mining Total | -17,303 | 395,110 | 256.27 | 8.26 | 412,413 | 151.32 | 5.33 |
| Growthpoint Properties Ltd. | 0 | 4,974,161 | 73.27 | 2.36 | 4,974,161 | 66.60 | 2.34 |
| Redefine Properties Ltd. | 0 | 4,453,609 | 22.13 | 0.71 | 4,453,609 | 20.40 | 0.72 |
| Vukile Property Fund Ltd. | 0 | 3,458,943 | 71.74 | 2.31 | 3,458,943 | 67.90 | 2.39 |
| Real Estate Investment Trusts Total | 0 | 12,886,713 | 167.14 | 5.39 | 12,886,713 | 154.90 | 5.45 |
| Motus Holdings Ltd. | 88,250 | 88,250 | 9.18 | 0.30 | 0 | 0.00 | 0.00 |
| Mr Price Group Ltd. | -22,353 | 29,225 | 5.95 | 0.19 | 51,578 | 11.42 | 0.40 |
| Pepkor Holdings Ltd. | 167,952 | 808,667 | 19.66 | 0.63 | 640,715 | 17.45 | 0.61 |
| Truworths International Ltd. | -35,960 | 134,994 | 7.38 | 0.24 | 170,954 | 12.21 | 0.43 |
| Woolworths Holdings Ltd. | 267,005 | 267,005 | 13.43 | 0.43 | 0 | 0.00 | 0.00 |
| Retailers Total | 464,894 | 1,328,141 | 55.60 | 1.79 | 863,247 | 41.08 | 1.45 |
| Naspers Ltd. | 0 | 17,042 | 106.59 | 3.43 | 17,042 | 93.99 | 3.31 |
| Prosus NV | 0 | 37,635 | 45.57 | 1.47 | 37,635 | 37.32 | 1.31 |
| Software and Computer Services Total | 0 | 54,677 | 152.16 | 4.90 | 54,677 | 131.31 | 4.62 |
| MTN Group Ltd. | -33,290 | 186,295 | 27.01 | 0.87 | 219,585 | 30.93 | 1.09 |
| Vodacom Group Ltd. | -9,091 | 16,114 | 2.15 | 0.07 | 25,205 | 3.45 | 0.12 |
| Telecommunications Service Providers Total | -42,381 | 202,409 | 29.16 | 0.94 | 244,790 | 34.37 | 1.21 |
| British American Tobacco plc | -2,544 | 7,606 | 6.94 | 0.22 | 10,150 | 8.53 | 0.30 |
| Tobacco Total | -2,544 | 7,606 | 6.94 | 0.22 | 10,150 | 8.53 | 0.30 |
| Portfolio Total | -66,438,903 | 1,134,796,775 | 3,103.52 | 100.00 | 1,201,235,678 | 2,841.06 | 100.00 |