| | | |
| Security | Change | # Units | Value (Rm) | % Fund | # Units | Value (Rm) | % Fund |
| Capricorn Group Ltd. | 0 | 75,261 | 1.63 | 0.36 | 75,261 | 1.60 | 0.38 |
| FirstRand Ltd. | 9,008 | 195,242 | 14.78 | 3.25 | 186,234 | 13.38 | 3.20 |
| FirstRand Namibia Ltd. | 0 | 64,971 | 3.06 | 0.67 | 64,971 | 3.05 | 0.73 |
| Investec Ltd. | 5,706 | 55,774 | 7.38 | 1.62 | 50,068 | 5.71 | 1.36 |
| Letshego Holdings (Namibia) Ltd. | 0 | 128,069 | 0.83 | 0.18 | 128,069 | 0.77 | 0.18 |
| Nedbank Group Ltd. | 8,771 | 50,202 | 12.20 | 2.69 | 41,431 | 10.66 | 2.55 |
| SBN Holdings Ltd. | 0 | 55,594 | 0.59 | 0.13 | 55,594 | 0.56 | 0.13 |
| Standard Bank Group Ltd. | 0 | 54,245 | 12.34 | 2.72 | 54,245 | 12.99 | 3.10 |
| Banks Total | 23,485 | 679,358 | 52.81 | 11.63 | 655,873 | 48.70 | 11.63 |
| Namibia Breweries | 22,122 | 137,447 | 3.97 | 0.87 | 115,325 | 3.34 | 0.80 |
| Beverages Total | 22,122 | 137,447 | 3.97 | 0.87 | 115,325 | 3.34 | 0.80 |
| Namibia Cash | 0 | 0 | 67.41 | 14.84 | 0 | 53.46 | 12.77 |
| Cash on call Total | 0 | 0 | 67.41 | 14.84 | 0 | 53.46 | 12.77 |
| Oceana Group Ltd. | 0 | 7,999 | 0.42 | 0.09 | 7,999 | 0.46 | 0.11 |
| Food Producers Total | 0 | 7,999 | 0.42 | 0.09 | 7,999 | 0.46 | 0.11 |
| Foreign - Money Market | 0 | 0 | 2.09 | 0.46 | 0 | 2.09 | 0.50 |
| For Currency Total | 0 | 0 | 2.09 | 0.46 | 0 | 2.09 | 0.50 |
| Foreign - Bonds | 0 | 0 | 222.37 | 48.97 | 0 | 214.67 | 51.27 |
| Foreign Invest Total | 0 | 0 | 222.37 | 48.97 | 0 | 214.67 | 51.27 |
| Sanlam Namibia Enhanced Cash Fund | 141,770 | 2,425,606 | 24.36 | 5.36 | 2,283,836 | 22.93 | 5.48 |
| Income Total | 141,770 | 2,425,606 | 24.36 | 5.36 | 2,283,836 | 22.93 | 5.48 |
| Anglo American plc | -804 | 25,114 | 12.29 | 2.71 | 25,918 | 13.24 | 3.16 |
| Industrial Metals and Mining Total | -804 | 25,114 | 12.29 | 2.71 | 25,918 | 13.24 | 3.16 |
| PSG Financial Services Ltd. | 57,787 | 118,798 | 2.63 | 0.58 | 61,011 | 1.10 | 0.26 |
| Investment Banking and Brokerage Services Total | 57,787 | 118,798 | 2.63 | 0.58 | 61,011 | 1.10 | 0.26 |
| Momentum Group Ltd. | 71,463 | 243,066 | 8.33 | 1.84 | 171,603 | 5.36 | 1.28 |
| Old Mutual Ltd. | 196,689 | 1,041,082 | 12.57 | 2.77 | 844,393 | 10.05 | 2.40 |
| Sanlam Ltd. | 8,173 | 164,523 | 14.59 | 3.21 | 156,350 | 12.94 | 3.09 |
| Life Insurance Total | 276,325 | 1,448,671 | 35.49 | 7.81 | 1,172,346 | 28.34 | 6.77 |
| Santam Ltd. | 0 | 4,660 | 1.99 | 0.44 | 4,660 | 1.74 | 0.42 |
| Non-life Insurance Total | 0 | 4,660 | 1.99 | 0.44 | 4,660 | 1.74 | 0.42 |
| Shoprite Holdings Ltd. | -3,666 | 51,774 | 14.34 | 3.16 | 55,440 | 15.12 | 3.61 |
| Personal Care, Drug and Grocery Stores Total | -3,666 | 51,774 | 14.34 | 3.16 | 55,440 | 15.12 | 3.61 |
| Oryx Property Ltd Namibia | -80,535 | 0 | 0.00 | 0.00 | 80,535 | 1.08 | 0.26 |
| Real Estate Total | -80,535 | 0 | 0.00 | 0.00 | 80,535 | 1.08 | 0.26 |
| Oryx Properties Ltd. | 80,535 | 80,535 | 1.08 | 0.24 | 0 | 0.00 | 0.00 |
| Real Estate Investment and Services Total | 80,535 | 80,535 | 1.08 | 0.24 | 0 | 0.00 | 0.00 |
| Vukile Property Fund Ltd. | 0 | 183,415 | 3.60 | 0.79 | 183,415 | 3.20 | 0.76 |
| Real Estate Investment Trusts Total | 0 | 183,415 | 3.60 | 0.79 | 183,415 | 3.20 | 0.76 |
| Truworths International Ltd. | 0 | 90,291 | 6.45 | 1.42 | 90,291 | 6.50 | 1.55 |
| Retailers Total | 0 | 90,291 | 6.45 | 1.42 | 90,291 | 6.50 | 1.55 |
| Mobile Telecommunications Ltd. | 0 | 264,723 | 2.25 | 0.50 | 264,723 | 2.18 | 0.52 |
| Paratus Namibia Holdings Ltd. | 0 | 45,954 | 0.58 | 0.13 | 45,954 | 0.58 | 0.14 |
| Telecommunications Service Providers Total | 0 | 310,677 | 2.83 | 0.62 | 310,677 | 2.77 | 0.66 |
| Portfolio Total | 517,019 | 5,564,345 | 454.14 | 100.00 | 5,047,326 | 418.74 | 100.00 |