| | | |
| Security | Change | # Units | Value (Rm) | % Fund | # Units | Value (Rm) | % Fund |
| Absa Group Ltd. | -2,403 | 18,987 | 4.54 | 3.20 | 21,390 | 3.87 | 2.72 |
| FirstRand Ltd. | 0 | 35,912 | 3.26 | 2.29 | 35,912 | 2.80 | 1.96 |
| Standard Bank Group Ltd. | 0 | 9,821 | 2.85 | 2.01 | 9,821 | 2.32 | 1.63 |
| Banks Total | -2,403 | 64,720 | 10.66 | 7.49 | 67,123 | 8.99 | 6.31 |
| Anheuser-Busch InBev SA/NV | 0 | 960 | 1.03 | 0.72 | 960 | 0.99 | 0.70 |
| Beverages Total | 0 | 960 | 1.03 | 0.72 | 960 | 0.99 | 0.70 |
| SA Bond BNDS | 0 | 0 | 1.93 | 1.36 | 0 | 1.93 | 1.35 |
| SA Bond I2033 | 0 | 1,550,806 | 2.20 | 1.54 | 1,550,806 | 2.08 | 1.46 |
| SA Bond R2033 | 1,952,755 | 1,952,755 | 2.23 | 1.57 | 0 | 0.00 | 0.00 |
| SA Bond R2035 | 0 | 6,600,000 | 7.08 | 4.98 | 6,600,000 | 6.54 | 4.59 |
| SA Bond R2037 | 0 | 2,931,600 | 3.02 | 2.12 | 2,931,600 | 2.74 | 1.93 |
| SA Bond R2038 | 3,500,000 | 3,500,000 | 4.16 | 2.93 | 0 | 0.00 | 0.00 |
| SA Bond R2040 | 0 | 1,725,000 | 1.80 | 1.26 | 1,725,000 | 1.61 | 1.13 |
| SA Bond R2044 | 0 | 1,500,000 | 1.50 | 1.05 | 1,500,000 | 1.33 | 0.93 |
| SA Bond R2048 | 0 | 2,500,000 | 2.49 | 1.75 | 2,500,000 | 2.18 | 1.53 |
| SA Bond R214 | 0 | 2,220,000 | 1.82 | 1.28 | 2,220,000 | 1.62 | 1.14 |
| Bond Total | 5,452,755 | 24,480,161 | 28.22 | 19.84 | 19,027,406 | 20.03 | 14.07 |
| iShares 7-10 Year Treasury Bond ETF | 0 | 3,096 | 4.94 | 3.47 | 3,096 | 5.16 | 3.63 |
| iShares USD Treasury Bond 3-7yr UCITS ETF | 0 | 2,742 | 5.42 | 3.81 | 2,742 | 5.66 | 3.98 |
| Bonds Total | 0 | 5,838 | 10.36 | 7.29 | 5,838 | 10.82 | 7.61 |
| Cash on call | 0 | 0 | 0.72 | 0.50 | 0 | 0.53 | 0.37 |
| Cash on call Total | 0 | 0 | 0.72 | 0.50 | 0 | 0.53 | 0.37 |
| Sasol Ltd. | 0 | 6,448 | 0.68 | 0.48 | 6,448 | 0.69 | 0.49 |
| Chemicals Total | 0 | 6,448 | 0.68 | 0.48 | 6,448 | 0.69 | 0.49 |
| PPC Ltd. | 0 | 173,429 | 0.97 | 0.68 | 173,429 | 0.94 | 0.66 |
| Wilson Bayly Holmes - Ovcon Ltd. | 2,467 | 9,121 | 1.52 | 1.07 | 6,654 | 1.00 | 0.70 |
| Construction and Materials Total | 2,467 | 182,550 | 2.49 | 1.75 | 180,083 | 1.93 | 1.36 |
| Bond Derivative | 0 | 0 | 0.00 | 0.00 | 0 | 5.89 | 4.14 |
| Derivatives Total | 0 | 0 | 0.00 | 0.00 | 0 | 5.89 | 4.14 |
| Reunert Ltd. | 0 | 17,600 | 1.10 | 0.77 | 17,600 | 0.94 | 0.66 |
| Electronic and Electrical Equipment Total | 0 | 17,600 | 1.10 | 0.77 | 17,600 | 0.94 | 0.66 |
| iShares MSCI Europe Index Fund | 0 | 2,936 | 2.09 | 1.47 | 2,936 | 2.06 | 1.45 |
| Sasfin Global Equity Fund A | 0 | 86,367 | 2.64 | 1.86 | 86,367 | 2.75 | 1.93 |
| Equities Total | 0 | 89,303 | 4.74 | 3.33 | 89,303 | 4.81 | 3.38 |
| NewGold | 0 | 4,970 | 3.30 | 2.32 | 4,970 | 3.03 | 2.13 |
| Exchange Traded Funds Total | 0 | 4,970 | 3.30 | 2.32 | 4,970 | 3.03 | 2.13 |
| European - Currency | 0 | 0 | 0.03 | 0.02 | 0 | 0.02 | 0.01 |
| United Kingdom - Currency | 0 | 0 | 0.10 | 0.07 | 0 | 0.09 | 0.07 |
| USA - Currency | 0 | 0 | 0.81 | 0.57 | 0 | 0.29 | 0.20 |
| For Currency Total | 0 | 0 | 0.94 | 0.66 | 0 | 0.41 | 0.29 |
| Foreign - Unit Trusts | 0 | 0 | 2.92 | 2.05 | 0 | 3.26 | 2.29 |
| Foreign Invest Total | 0 | 0 | 2.92 | 2.05 | 0 | 3.26 | 2.29 |
| Otto1890 BCI Flexible Income - B | -4,061,377 | 5,705,502 | 6.44 | 4.53 | 9,766,879 | 10.68 | 7.50 |
| Income Total | -4,061,377 | 5,705,502 | 6.44 | 4.53 | 9,766,879 | 10.68 | 7.50 |
| Anglo American plc | 0 | 2,444 | 1.67 | 1.18 | 2,444 | 1.58 | 1.11 |
| BHP Group Ltd. | 1,064 | 4,602 | 2.33 | 1.64 | 3,538 | 1.69 | 1.19 |
| Glencore plc | 0 | 15,324 | 1.40 | 0.98 | 15,324 | 1.23 | 0.86 |
| Kumba Iron Ore Ltd. | 0 | 5,828 | 2.05 | 1.44 | 5,828 | 1.90 | 1.34 |
| Industrial Metals and Mining Total | 1,064 | 28,198 | 7.45 | 5.24 | 27,134 | 6.40 | 4.49 |
| Berkshire Hathaway Inc | 0 | 507 | 4.22 | 2.97 | 507 | 4.37 | 3.07 |
| Insurance Total | 0 | 507 | 4.22 | 2.97 | 507 | 4.37 | 3.07 |
| Reinet Investments SCA | 0 | 2,737 | 1.59 | 1.12 | 2,737 | 1.38 | 0.97 |
| Remgro Ltd. | 0 | 15,158 | 2.75 | 1.94 | 15,158 | 2.56 | 1.80 |
| Investment Banking and Brokerage Services Total | 0 | 17,895 | 4.34 | 3.05 | 17,895 | 3.94 | 2.77 |
| Old Mutual Ltd. | 0 | 150,000 | 2.24 | 1.57 | 150,000 | 2.00 | 1.40 |
| Life Insurance Total | 0 | 150,000 | 2.24 | 1.57 | 150,000 | 2.00 | 1.40 |
| eMedia Holdings Ltd. | -6,360 | 0 | 0.00 | 0.00 | 6,360 | 0.01 | 0.01 |
| Media Total | -6,360 | 0 | 0.00 | 0.00 | 6,360 | 0.01 | 0.01 |
| Otto1890 BCI High Grade MM - E | -2,603,696 | 78,844 | 0.08 | 0.06 | 2,682,540 | 2.70 | 1.89 |
| Money Market Total | -2,603,696 | 78,844 | 0.08 | 0.06 | 2,682,540 | 2.70 | 1.89 |
| iShares Core MSCI World UCITS ETF | -453 | 9,181 | 19.91 | 14.00 | 9,634 | 20.97 | 14.73 |
| Offshore Intern Total | -453 | 9,181 | 19.91 | 14.00 | 9,634 | 20.97 | 14.73 |
| Exxaro Resources Ltd. | 0 | 11,228 | 2.01 | 1.41 | 11,228 | 2.01 | 1.41 |
| Oil, Gas and Coal Total | 0 | 11,228 | 2.01 | 1.41 | 11,228 | 2.01 | 1.41 |
| Dis-Chem Pharmacies Ltd. | 28,595 | 54,995 | 1.92 | 1.35 | 26,400 | 0.86 | 0.61 |
| Personal Care, Drug and Grocery Stores Total | 28,595 | 54,995 | 1.92 | 1.35 | 26,400 | 0.86 | 0.61 |
| Compagnie Financière Richemont SA | 0 | 695 | 2.52 | 1.77 | 695 | 2.27 | 1.60 |
| Personal Goods Total | 0 | 695 | 2.52 | 1.77 | 695 | 2.27 | 1.60 |
| Fortress Real Estate Investments Ltd. | 0 | 86,333 | 2.06 | 1.45 | 86,333 | 1.97 | 1.38 |
| NEPI Rockcastle NV | 585 | 8,348 | 1.22 | 0.86 | 7,763 | 1.07 | 0.75 |
| Real Estate Investment and Services Total | 585 | 94,681 | 3.28 | 2.31 | 94,096 | 3.04 | 2.14 |
| Attacq Ltd. | 0 | 39,058 | 0.64 | 0.45 | 39,058 | 0.54 | 0.38 |
| Growthpoint Properties Ltd. | -29,121 | 116,039 | 1.99 | 1.40 | 145,160 | 2.14 | 1.51 |
| Vukile Property Fund Ltd. | 0 | 119,191 | 2.98 | 2.10 | 119,191 | 2.49 | 1.75 |
| Real Estate Investment Trusts Total | -29,121 | 274,288 | 5.61 | 3.94 | 303,409 | 5.17 | 3.63 |
| Mr Price Group Ltd. | 5,199 | 5,199 | 0.91 | 0.64 | 0 | 0.00 | 0.00 |
| Retailers Total | 5,199 | 5,199 | 0.91 | 0.64 | 0 | 0.00 | 0.00 |
| Naspers Ltd. | 5,304 | 6,747 | 7.45 | 5.24 | 1,443 | 9.09 | 6.39 |
| Software and Computer Services Total | 5,304 | 6,747 | 7.45 | 5.24 | 1,443 | 9.09 | 6.39 |
| MTN Group Ltd. | -3,224 | 15,947 | 2.70 | 1.90 | 19,171 | 2.69 | 1.89 |
| Telecommunications Service Providers Total | -3,224 | 15,947 | 2.70 | 1.90 | 19,171 | 2.69 | 1.89 |
| British American Tobacco plc | 0 | 2,052 | 1.96 | 1.38 | 2,052 | 1.87 | 1.31 |
| Tobacco Total | 0 | 2,052 | 1.96 | 1.38 | 2,052 | 1.87 | 1.31 |
| Spur Corporation Ltd. | 0 | 30,543 | 1.17 | 0.82 | 30,543 | 1.04 | 0.73 |
| Sun International Ltd. | 0 | 22,160 | 0.86 | 0.60 | 22,160 | 0.89 | 0.63 |
| Travel and Leisure Total | 0 | 52,703 | 2.03 | 1.42 | 52,703 | 1.93 | 1.36 |
| Portfolio Total | -1,210,665 | 31,361,212 | 142.22 | 100.00 | 32,571,877 | 142.33 | 100.00 |