| | | |
| Security | Change | # Units | Value (Rm) | % Fund | # Units | Value (Rm) | % Fund |
| Capricorn Group Ltd. | 0 | 75,261 | 1.67 | 0.35 | 75,261 | 1.63 | 0.36 |
| FirstRand Ltd. | -11,934 | 183,308 | 14.24 | 2.98 | 195,242 | 14.78 | 3.25 |
| FirstRand Namibia Ltd. | 0 | 64,971 | 3.38 | 0.71 | 64,971 | 3.06 | 0.67 |
| Investec Ltd. | 0 | 55,774 | 7.15 | 1.50 | 55,774 | 7.38 | 1.62 |
| Letshego Holdings (Namibia) Ltd. | 0 | 128,069 | 0.84 | 0.18 | 128,069 | 0.83 | 0.18 |
| Nedbank Group Ltd. | 4,400 | 54,602 | 11.66 | 2.44 | 50,202 | 12.20 | 2.69 |
| SBN Holdings Ltd. | 0 | 55,594 | 0.64 | 0.13 | 55,594 | 0.59 | 0.13 |
| Standard Bank Group Ltd. | 4,138 | 58,383 | 13.80 | 2.89 | 54,245 | 12.34 | 2.72 |
| Banks Total | -3,396 | 675,962 | 53.37 | 11.17 | 679,358 | 52.81 | 11.63 |
| Namibia Breweries | 0 | 137,447 | 3.99 | 0.83 | 137,447 | 3.97 | 0.87 |
| Beverages Total | 0 | 137,447 | 3.99 | 0.83 | 137,447 | 3.97 | 0.87 |
| Namibia Cash | 0 | 0 | 59.35 | 12.43 | 0 | 67.41 | 14.84 |
| Cash on call Total | 0 | 0 | 59.35 | 12.43 | 0 | 67.41 | 14.84 |
| Oceana Group Ltd. | 0 | 7,999 | 0.40 | 0.08 | 7,999 | 0.42 | 0.09 |
| Food Producers Total | 0 | 7,999 | 0.40 | 0.08 | 7,999 | 0.42 | 0.09 |
| Foreign - Money Market | 0 | 0 | 0.00 | 0.00 | 0 | 2.09 | 0.46 |
| For Currency Total | 0 | 0 | 0.00 | 0.00 | 0 | 2.09 | 0.46 |
| Foreign - Bonds | 0 | 0 | 241.36 | 50.54 | 0 | 222.37 | 48.97 |
| Foreign Invest Total | 0 | 0 | 241.36 | 50.54 | 0 | 222.37 | 48.97 |
| Sanlam Namibia Enhanced Cash Fund | 900,691 | 3,326,297 | 33.39 | 6.99 | 2,425,606 | 24.36 | 5.36 |
| Income Total | 900,691 | 3,326,297 | 33.39 | 6.99 | 2,425,606 | 24.36 | 5.36 |
| Anglo American plc | 1,415 | 26,529 | 17.15 | 3.59 | 25,114 | 12.29 | 2.71 |
| Industrial Metals and Mining Total | 1,415 | 26,529 | 17.15 | 3.59 | 25,114 | 12.29 | 2.71 |
| PSG Financial Services Ltd. | 53,215 | 172,013 | 3.92 | 0.82 | 118,798 | 2.63 | 0.58 |
| Investment Banking and Brokerage Services Total | 53,215 | 172,013 | 3.92 | 0.82 | 118,798 | 2.63 | 0.58 |
| Momentum Group Ltd. | 21,283 | 264,349 | 8.67 | 1.82 | 243,066 | 8.33 | 1.84 |
| Old Mutual Ltd. | -92,427 | 948,655 | 12.66 | 2.65 | 1,041,082 | 12.57 | 2.77 |
| Sanlam Ltd. | -8,110 | 156,413 | 13.07 | 2.74 | 164,523 | 14.59 | 3.21 |
| Life Insurance Total | -79,254 | 1,369,417 | 34.41 | 7.20 | 1,448,671 | 35.49 | 7.81 |
| Santam Ltd. | 0 | 4,660 | 1.76 | 0.37 | 4,660 | 1.99 | 0.44 |
| Non-life Insurance Total | 0 | 4,660 | 1.76 | 0.37 | 4,660 | 1.99 | 0.44 |
| Shoprite Holdings Ltd. | 0 | 51,774 | 14.19 | 2.97 | 51,774 | 14.34 | 3.16 |
| Personal Care, Drug and Grocery Stores Total | 0 | 51,774 | 14.19 | 2.97 | 51,774 | 14.34 | 3.16 |
| Oryx Properties Ltd. | 0 | 80,535 | 1.07 | 0.22 | 80,535 | 1.08 | 0.24 |
| Real Estate Investment and Services Total | 0 | 80,535 | 1.07 | 0.22 | 80,535 | 1.08 | 0.24 |
| Vukile Property Fund Ltd. | 55,788 | 239,203 | 4.96 | 1.04 | 183,415 | 3.60 | 0.79 |
| Real Estate Investment Trusts Total | 55,788 | 239,203 | 4.96 | 1.04 | 183,415 | 3.60 | 0.79 |
| Truworths International Ltd. | 0 | 90,291 | 4.94 | 1.03 | 90,291 | 6.45 | 1.42 |
| Retailers Total | 0 | 90,291 | 4.94 | 1.03 | 90,291 | 6.45 | 1.42 |
| Mobile Telecommunications Ltd. | 57,895 | 322,618 | 2.76 | 0.58 | 264,723 | 2.25 | 0.50 |
| Paratus Namibia Holdings Ltd. | 0 | 45,954 | 0.57 | 0.12 | 45,954 | 0.58 | 0.13 |
| Telecommunications Service Providers Total | 57,895 | 368,572 | 3.34 | 0.70 | 310,677 | 2.83 | 0.62 |
| Portfolio Total | 986,354 | 6,550,699 | 477.59 | 100.00 | 5,564,345 | 454.14 | 100.00 |