| | | |
| Security | Change | # Units | Value (Rm) | % Fund | # Units | Value (Rm) | % Fund |
| Absa Group Ltd. | 0 | 18,987 | 4.54 | 3.30 | 18,987 | 4.54 | 3.20 |
| FirstRand Ltd. | 0 | 35,912 | 3.17 | 2.30 | 35,912 | 3.26 | 2.29 |
| Standard Bank Group Ltd. | 0 | 9,821 | 2.96 | 2.15 | 9,821 | 2.85 | 2.01 |
| Banks Total | 0 | 64,720 | 10.66 | 7.76 | 64,720 | 10.66 | 7.49 |
| Anheuser-Busch InBev SA/NV | 0 | 960 | 1.13 | 0.82 | 960 | 1.03 | 0.72 |
| Beverages Total | 0 | 960 | 1.13 | 0.82 | 960 | 1.03 | 0.72 |
| SA Bond BNDS | 0 | 0 | 1.61 | 1.17 | 0 | 1.93 | 1.36 |
| SA Bond I2033 | 0 | 1,550,806 | 2.16 | 1.57 | 1,550,806 | 2.20 | 1.54 |
| SA Bond R2033 | 0 | 1,952,755 | 2.07 | 1.51 | 1,952,755 | 2.23 | 1.57 |
| SA Bond R2035 | 0 | 6,600,000 | 6.54 | 4.75 | 6,600,000 | 7.08 | 4.98 |
| SA Bond R2037 | 0 | 2,931,600 | 2.78 | 2.02 | 2,931,600 | 3.02 | 2.12 |
| SA Bond R2038 | 0 | 3,500,000 | 3.83 | 2.79 | 3,500,000 | 4.16 | 2.93 |
| SA Bond R2040 | 0 | 1,725,000 | 1.65 | 1.20 | 1,725,000 | 1.80 | 1.26 |
| SA Bond R2044 | 0 | 1,500,000 | 1.39 | 1.01 | 1,500,000 | 1.50 | 1.05 |
| SA Bond R2048 | 0 | 2,500,000 | 2.29 | 1.66 | 2,500,000 | 2.49 | 1.75 |
| SA Bond R214 | 0 | 2,220,000 | 1.67 | 1.22 | 2,220,000 | 1.82 | 1.28 |
| Bond Total | 0 | 24,480,161 | 25.98 | 18.89 | 24,480,161 | 28.22 | 19.84 |
| iShares 7-10 Year Treasury Bond ETF | -858 | 2,238 | 3.63 | 2.64 | 3,096 | 4.94 | 3.47 |
| iShares USD Treasury Bond 3-7yr UCITS ETF | 0 | 2,742 | 5.52 | 4.02 | 2,742 | 5.42 | 3.81 |
| Bonds Total | -858 | 4,980 | 9.15 | 6.66 | 5,838 | 10.36 | 7.29 |
| Cash on call | 0 | 0 | 2.80 | 2.03 | 0 | 0.72 | 0.50 |
| Cash on call Total | 0 | 0 | 2.80 | 2.03 | 0 | 0.72 | 0.50 |
| Sasol Ltd. | -6,448 | 0 | 0.00 | 0.00 | 6,448 | 0.68 | 0.48 |
| Chemicals Total | -6,448 | 0 | 0.00 | 0.00 | 6,448 | 0.68 | 0.48 |
| PPC Ltd. | 120,000 | 293,429 | 1.74 | 1.27 | 173,429 | 0.97 | 0.68 |
| Wilson Bayly Holmes - Ovcon Ltd. | 0 | 9,121 | 1.40 | 1.02 | 9,121 | 1.52 | 1.07 |
| Construction and Materials Total | 120,000 | 302,550 | 3.14 | 2.29 | 182,550 | 2.49 | 1.75 |
| Reunert Ltd. | 0 | 17,600 | 1.14 | 0.83 | 17,600 | 1.10 | 0.77 |
| Electronic and Electrical Equipment Total | 0 | 17,600 | 1.14 | 0.83 | 17,600 | 1.10 | 0.77 |
| iShares China Large-Cap ETF | 1,600 | 1,600 | 2.75 | 2.00 | 0 | 0.00 | 0.00 |
| iShares MSCI Europe Index Fund | 0 | 2,936 | 2.10 | 1.52 | 2,936 | 2.09 | 1.47 |
| Sasfin Global Equity Fund A | 0 | 86,367 | 2.35 | 1.71 | 86,367 | 2.64 | 1.86 |
| Equities Total | 1,600 | 90,903 | 7.20 | 5.23 | 89,303 | 4.74 | 3.33 |
| NewGold | -4,970 | 0 | 3.58 | 2.61 | 4,970 | 3.30 | 2.32 |
| Exchange Traded Funds Total | -4,970 | 0 | 3.58 | 2.61 | 4,970 | 3.30 | 2.32 |
| European - Currency | 0 | 0 | 0.03 | 0.02 | 0 | 0.03 | 0.02 |
| United Kingdom - Currency | 0 | 0 | 0.10 | 0.07 | 0 | 0.10 | 0.07 |
| USA - Currency | 0 | 0 | 0.08 | 0.05 | 0 | 0.81 | 0.57 |
| For Currency Total | 0 | 0 | 0.21 | 0.15 | 0 | 0.94 | 0.66 |
| Foreign - Unit Trusts | 0 | 0 | 0.00 | 0.00 | 0 | 2.92 | 2.05 |
| Foreign Invest Total | 0 | 0 | 0.00 | 0.00 | 0 | 2.92 | 2.05 |
| Otto1890 FR Flexible Income - B | -1,827,716 | 3,877,786 | 4.24 | 3.09 | 5,705,502 | 6.44 | 4.53 |
| Income Total | -1,827,716 | 3,877,786 | 4.24 | 3.09 | 5,705,502 | 6.44 | 4.53 |
| Anglo American plc | 0 | 2,444 | 1.75 | 1.27 | 2,444 | 1.67 | 1.18 |
| BHP Group Ltd. | 0 | 4,602 | 2.78 | 2.02 | 4,602 | 2.33 | 1.64 |
| Glencore plc | 0 | 15,324 | 1.95 | 1.42 | 15,324 | 1.40 | 0.98 |
| Kumba Iron Ore Ltd. | 0 | 5,828 | 1.86 | 1.35 | 5,828 | 2.05 | 1.44 |
| Industrial Metals and Mining Total | 0 | 28,198 | 8.34 | 6.07 | 28,198 | 7.45 | 5.24 |
| Berkshire Hathaway Inc | 0 | 507 | 4.09 | 2.98 | 507 | 4.22 | 2.97 |
| Insurance Total | 0 | 507 | 4.09 | 2.98 | 507 | 4.22 | 2.97 |
| Reinet Investments SCA | 0 | 2,737 | 1.50 | 1.09 | 2,737 | 1.59 | 1.12 |
| Remgro Ltd. | 0 | 15,158 | 2.85 | 2.07 | 15,158 | 2.75 | 1.94 |
| Investment Banking and Brokerage Services Total | 0 | 17,895 | 4.34 | 3.16 | 17,895 | 4.34 | 3.05 |
| Old Mutual Ltd. | 0 | 150,000 | 2.08 | 1.51 | 150,000 | 2.24 | 1.57 |
| Life Insurance Total | 0 | 150,000 | 2.08 | 1.51 | 150,000 | 2.24 | 1.57 |
| Otto1890 FR High Grade MM - E | -78,843 | 1 | 0.00 | 0.00 | 78,844 | 0.08 | 0.06 |
| Money Market Total | -78,843 | 1 | 0.00 | 0.00 | 78,844 | 0.08 | 0.06 |
| iShares Core MSCI World UCITS ETF | 0 | 9,181 | 19.40 | 14.11 | 9,181 | 19.91 | 14.00 |
| Offshore Intern Total | 0 | 9,181 | 19.40 | 14.11 | 9,181 | 19.91 | 14.00 |
| Exxaro Resources Ltd. | 0 | 11,228 | 2.50 | 1.82 | 11,228 | 2.01 | 1.41 |
| Oil, Gas and Coal Total | 0 | 11,228 | 2.50 | 1.82 | 11,228 | 2.01 | 1.41 |
| Dis-Chem Pharmacies Ltd. | 0 | 54,995 | 2.04 | 1.48 | 54,995 | 1.92 | 1.35 |
| Personal Care, Drug and Grocery Stores Total | 0 | 54,995 | 2.04 | 1.48 | 54,995 | 1.92 | 1.35 |
| Compagnie Financière Richemont SA | 0 | 695 | 2.04 | 1.48 | 695 | 2.52 | 1.77 |
| Personal Goods Total | 0 | 695 | 2.04 | 1.48 | 695 | 2.52 | 1.77 |
| AngloGold Ashanti plc | 288 | 288 | 0.46 | 0.34 | 0 | 0.00 | 0.00 |
| Northam Platinum Holdings Ltd. | 2,110 | 2,110 | 0.71 | 0.52 | 0 | 0.00 | 0.00 |
| Precious Metals and Mining Total | 2,398 | 2,398 | 1.18 | 0.86 | 0 | 0.00 | 0.00 |
| Fortress Real Estate Investments Ltd. | 3,472 | 89,805 | 1.98 | 1.44 | 86,333 | 2.06 | 1.45 |
| NEPI Rockcastle NV | 0 | 8,348 | 1.14 | 0.83 | 8,348 | 1.22 | 0.86 |
| Real Estate Investment and Services Total | 3,472 | 98,153 | 3.12 | 2.27 | 94,681 | 3.28 | 2.31 |
| Attacq Ltd. | 0 | 39,058 | 0.64 | 0.46 | 39,058 | 0.64 | 0.45 |
| Growthpoint Properties Ltd. | 0 | 116,039 | 1.86 | 1.36 | 116,039 | 1.99 | 1.40 |
| Vukile Property Fund Ltd. | 0 | 119,191 | 2.63 | 1.91 | 119,191 | 2.98 | 2.10 |
| Real Estate Investment Trusts Total | 0 | 274,288 | 5.13 | 3.73 | 274,288 | 5.61 | 3.94 |
| Mr Price Group Ltd. | 0 | 5,199 | 0.79 | 0.57 | 5,199 | 0.91 | 0.64 |
| Retailers Total | 0 | 5,199 | 0.79 | 0.57 | 5,199 | 0.91 | 0.64 |
| Naspers Ltd. | 0 | 6,747 | 5.79 | 4.21 | 6,747 | 7.45 | 5.24 |
| Software and Computer Services Total | 0 | 6,747 | 5.79 | 4.21 | 6,747 | 7.45 | 5.24 |
| MTN Group Ltd. | 0 | 15,947 | 3.08 | 2.24 | 15,947 | 2.70 | 1.90 |
| Telecommunications Service Providers Total | 0 | 15,947 | 3.08 | 2.24 | 15,947 | 2.70 | 1.90 |
| British American Tobacco plc | 0 | 2,052 | 2.08 | 1.51 | 2,052 | 1.96 | 1.38 |
| Tobacco Total | 0 | 2,052 | 2.08 | 1.51 | 2,052 | 1.96 | 1.38 |
| Spur Corporation Ltd. | 0 | 30,543 | 1.19 | 0.87 | 30,543 | 1.17 | 0.82 |
| Sun International Ltd. | 0 | 22,160 | 1.06 | 0.77 | 22,160 | 0.86 | 0.60 |
| Travel and Leisure Total | 0 | 52,703 | 2.25 | 1.64 | 52,703 | 2.03 | 1.42 |
| Portfolio Total | -1,791,365 | 29,569,847 | 137.49 | 100.00 | 31,361,212 | 142.22 | 100.00 |