| | | |
| Security | Change | # Units | Value (Rm) | % Fund | # Units | Value (Rm) | % Fund |
| Absa Group Ltd. | 966 | 168,591 | 40.35 | 0.65 | 167,625 | 30.36 | 0.52 |
| Capitec Bank Holdings Ltd. | -517 | 16,873 | 70.12 | 1.13 | 17,390 | 60.41 | 1.04 |
| FirstRand Ltd. | -59,470 | 799,206 | 72.53 | 1.17 | 858,676 | 66.68 | 1.15 |
| Nedbank Group Ltd. | 36,938 | 71,476 | 19.03 | 0.31 | 34,538 | 7.37 | 0.13 |
| Standard Bank Group Ltd. | 79,005 | 279,048 | 81.04 | 1.31 | 200,043 | 47.29 | 0.81 |
| Banks Total | 56,922 | 1,335,194 | 283.07 | 4.57 | 1,278,272 | 212.11 | 3.64 |
| Anheuser-Busch InBev SA/NV | -22,309 | 1,237 | 1.32 | 0.02 | 23,546 | 24.17 | 0.42 |
| Beverages Total | -22,309 | 1,237 | 1.32 | 0.02 | 23,546 | 24.17 | 0.42 |
| SA Bond ASN694 | 0 | 227,529,000 | 237.46 | 3.83 | 227,529,000 | 236.19 | 4.06 |
| SA Bond BNDS | 0 | 0 | 0.00 | 0.00 | 0 | -3.63 | -0.06 |
| SA Bond CLN699 | -70,000,000 | 0 | 0.00 | 0.00 | 70,000,000 | 73.07 | 1.26 |
| SA Bond I2033 | 0 | 706,923,000 | 1,000.44 | 16.14 | 706,923,000 | 945.93 | 16.26 |
| SA Bond IVC244 | 0 | 141,000,000 | 143.12 | 2.31 | 141,000,000 | 141.33 | 2.43 |
| SA Bond R2035 | 0 | 141,575,000 | 151.94 | 2.45 | 141,575,000 | 140.12 | 2.41 |
| SA Bond R2037 | 0 | 513,670,000 | 529.16 | 8.54 | 513,670,000 | 480.07 | 8.25 |
| SA Bond R2040 | 0 | 437,203,000 | 455.51 | 7.35 | 437,203,000 | 407.09 | 7.00 |
| SA Bond R213 | 0 | 107,436,000 | 107.62 | 1.74 | 107,436,000 | 102.56 | 1.76 |
| SA Bond RN2030 | 0 | 1,356,000 | 1.37 | 0.02 | 1,356,000 | 1.36 | 0.02 |
| SA Bond SBC219 | 46,666,667 | 46,666,667 | 47.48 | 0.77 | 0 | 0.00 | 0.00 |
| Bond Total | -23,333,333 | 2,323,358,667 | 2,674.09 | 43.14 | 2,346,692,000 | 2,524.11 | 43.37 |
| Cash on call | 0 | 0 | -561.01 | -9.05 | 0 | -551.20 | -9.47 |
| Margin Account | 0 | 0 | 2.45 | 0.04 | 0 | 4.17 | 0.07 |
| Cash on call Total | 0 | 0 | -558.56 | -9.01 | 0 | -547.04 | -9.40 |
| Bond Derivative | 0 | 0 | -5.06 | -0.08 | 0 | 0.00 | 0.00 |
| Equity Derivative | 0 | 0 | 36.67 | 0.59 | 0 | 63.28 | 1.09 |
| Derivatives Total | 0 | 0 | 31.61 | 0.51 | 0 | 63.28 | 1.09 |
| Vangaurd FTSE All World ETF | 0 | 106,336 | 147.32 | 2.38 | 106,336 | 146.40 | 2.52 |
| Vanguard FTSE Emerging Markets ETF | 0 | 94,376 | 84.07 | 1.36 | 94,376 | 88.22 | 1.52 |
| Vanguard Short Term Treasury ETF | 0 | 130,512 | 127.01 | 2.05 | 130,512 | 132.51 | 2.28 |
| Vanguard Total World Stock ETF | 0 | 108,858 | 254.44 | 4.10 | 108,858 | 258.80 | 4.45 |
| Equities Total | 0 | 440,082 | 612.84 | 9.89 | 440,082 | 625.92 | 10.76 |
| AVI Ltd. | 100,022 | 100,022 | 10.55 | 0.17 | 0 | 0.00 | 0.00 |
| Food Producers Total | 100,022 | 100,022 | 10.55 | 0.17 | 0 | 0.00 | 0.00 |
| Foreign - Money Market | 0 | 0 | 238.47 | 3.85 | 0 | 226.55 | 3.89 |
| USA - Currency | 0 | 0 | 108.11 | 1.74 | 0 | 125.35 | 2.15 |
| For Currency Total | 0 | 0 | 346.58 | 5.59 | 0 | 351.90 | 6.05 |
| Foreign - Bonds | 0 | 0 | 106.94 | 1.73 | 0 | 111.17 | 1.91 |
| Foreign Invest Total | 0 | 0 | 106.94 | 1.73 | 0 | 111.17 | 1.91 |
| Mondi plc | -50,638 | 28,193 | 5.74 | 0.09 | 78,831 | 18.57 | 0.32 |
| The Bidvest Group Ltd. | 5,780 | 115,842 | 27.51 | 0.44 | 110,062 | 23.31 | 0.40 |
| General Industrials Total | -44,858 | 144,035 | 33.25 | 0.54 | 188,893 | 41.89 | 0.72 |
| Anglo American plc | 338 | 68,617 | 47.01 | 0.76 | 68,279 | 44.14 | 0.76 |
| BHP Group Ltd. | 1,025 | 44,437 | 22.53 | 0.36 | 43,412 | 20.69 | 0.36 |
| Glencore plc | 80,050 | 340,818 | 31.07 | 0.50 | 260,768 | 20.78 | 0.36 |
| Kumba Iron Ore Ltd. | -19,569 | 28,720 | 10.08 | 0.16 | 48,289 | 15.69 | 0.27 |
| Industrial Metals and Mining Total | 61,844 | 482,592 | 110.69 | 1.79 | 420,748 | 101.30 | 1.74 |
| Quilter plc | 1,135 | 230,310 | 9.34 | 0.15 | 229,175 | 8.78 | 0.15 |
| Remgro Ltd. | -8,220 | 245,888 | 44.66 | 0.72 | 254,108 | 42.62 | 0.73 |
| Investment Banking and Brokerage Services Total | -7,085 | 476,198 | 53.99 | 0.87 | 483,283 | 51.40 | 0.88 |
| Old Mutual Ltd. | 343,069 | 1,991,788 | 29.68 | 0.48 | 1,648,719 | 22.01 | 0.38 |
| Sanlam Ltd. | 1,600 | 385,563 | 37.97 | 0.61 | 383,963 | 32.10 | 0.55 |
| Life Insurance Total | 344,669 | 2,377,351 | 67.65 | 1.09 | 2,032,682 | 54.11 | 0.93 |
| eMedia Holdings Ltd. | 411 | 107,034 | 0.23 | 0.00 | 106,623 | 0.19 | 0.00 |
| Media Total | 411 | 107,034 | 0.23 | 0.00 | 106,623 | 0.19 | 0.00 |
| 0 | 0 | 0.00 | 0.00 | 0 | 260.53 | 4.48 |
| Money Market - 10 months duration | 0 | 0 | 132.07 | 2.13 | 0 | 0.00 | 0.00 |
| Money Market - 11 months duration | 0 | 0 | 101.45 | 1.64 | 0 | 0.00 | 0.00 |
| Money Market - 13 months duration | 0 | 0 | 0.00 | 0.00 | 0 | 90.32 | 1.55 |
| Money Market - 2 months duration | 0 | 0 | 0.00 | 0.00 | 0 | 5.88 | 0.10 |
| Money Market - 26 months duration | 0 | 0 | 0.00 | 0.00 | 0 | 488.66 | 8.40 |
| Money Market - 28 months duration | 0 | 0 | 247.76 | 4.00 | 0 | 0.00 | 0.00 |
| Money Market - 29 months duration | 0 | 0 | 8.08 | 0.13 | 0 | 0.00 | 0.00 |
| Money Market - 31 months duration | 0 | 0 | 0.00 | 0.00 | 0 | 247.86 | 4.26 |
| Money Market - 32 months duration | 0 | 0 | 0.00 | 0.00 | 0 | 8.08 | 0.14 |
| Money Market - 4 months duration | 0 | 0 | 0.00 | 0.00 | 0 | 1.06 | 0.02 |
| Money Market - 5 months duration | 0 | 0 | 485.41 | 7.83 | 0 | 0.00 | 0.00 |
| Money Market - 9 months duration | 0 | 0 | 266.00 | 4.29 | 0 | 0.00 | 0.00 |
| Money Market Total | 0 | 0 | 1,240.77 | 20.02 | 0 | 1,102.39 | 18.94 |
| Bid Corporation Ltd. | -45,339 | 35,241 | 14.87 | 0.24 | 80,580 | 34.83 | 0.60 |
| Boxer Retail Ltd. | 559 | 113,281 | 8.08 | 0.13 | 112,722 | 7.80 | 0.13 |
| Shoprite Holdings Ltd. | 740 | 150,244 | 40.60 | 0.65 | 149,504 | 40.97 | 0.70 |
| Personal Care, Drug and Grocery Stores Total | -44,040 | 298,766 | 63.55 | 1.03 | 342,806 | 83.59 | 1.44 |
| Compagnie Financière Richemont SA | -1,327 | 10,738 | 38.95 | 0.63 | 12,065 | 39.44 | 0.68 |
| Personal Goods Total | -1,327 | 10,738 | 38.95 | 0.63 | 12,065 | 39.44 | 0.68 |
| AngloGold Ashanti plc | -12,327 | 58,425 | 83.73 | 1.35 | 70,752 | 85.86 | 1.48 |
| Gold Fields Ltd. | -2,718 | 134,985 | 97.96 | 1.58 | 137,703 | 100.40 | 1.73 |
| Harmony Gold Mining Company Ltd. | -30,147 | 89,753 | 30.25 | 0.49 | 119,900 | 37.75 | 0.65 |
| Impala Platinum Holdings Ltd. | 5,593 | 65,871 | 17.26 | 0.28 | 60,278 | 13.29 | 0.23 |
| Northam Platinum Holdings Ltd. | -19,718 | 48,498 | 16.35 | 0.26 | 68,216 | 19.17 | 0.33 |
| Sibanye Stillwater Ltd. | 226,022 | 226,022 | 13.67 | 0.22 | 0 | 0.00 | 0.00 |
| Valterra Platinum Ltd. | 5,779 | 77,610 | 109.40 | 1.76 | 71,831 | 88.74 | 1.52 |
| Precious Metals and Mining Total | 172,484 | 701,164 | 368.62 | 5.95 | 528,680 | 345.21 | 5.93 |
| Growthpoint Properties Ltd. | 45,027 | 9,124,809 | 156.58 | 2.53 | 9,079,782 | 133.75 | 2.30 |
| Redefine Properties Ltd. | 42,126 | 8,536,457 | 51.22 | 0.83 | 8,494,331 | 42.22 | 0.73 |
| Vukile Property Fund Ltd. | 597,359 | 7,051,214 | 176.28 | 2.84 | 6,453,855 | 133.85 | 2.30 |
| Real Estate Investment Trusts Total | 684,512 | 24,712,480 | 384.08 | 6.20 | 24,027,968 | 309.81 | 5.32 |
| Motus Holdings Ltd. | -59,556 | 57,074 | 6.96 | 0.11 | 116,630 | 12.13 | 0.21 |
| Mr Price Group Ltd. | 54,441 | 92,717 | 16.22 | 0.26 | 38,276 | 7.80 | 0.13 |
| Pepkor Holdings Ltd. | 245,759 | 1,320,764 | 34.93 | 0.56 | 1,075,005 | 26.13 | 0.45 |
| Truworths International Ltd. | 878 | 178,197 | 10.14 | 0.16 | 177,319 | 9.70 | 0.17 |
| Woolworths Holdings Ltd. | 24,419 | 378,333 | 21.19 | 0.34 | 353,914 | 17.80 | 0.31 |
| Retailers Total | 265,941 | 2,027,085 | 89.45 | 1.44 | 1,761,144 | 73.56 | 1.26 |
| Naspers Ltd. | 104,200 | 126,970 | 140.24 | 2.26 | 22,770 | 142.42 | 2.45 |
| Prosus NV | -2,753 | 47,549 | 48.67 | 0.79 | 50,302 | 60.90 | 1.05 |
| Software and Computer Services Total | 101,447 | 174,519 | 188.91 | 3.05 | 73,072 | 203.32 | 3.49 |
| MTN Group Ltd. | 28,985 | 271,019 | 45.94 | 0.74 | 242,034 | 35.09 | 0.60 |
| Vodacom Group Ltd. | -21,330 | 0 | 0.00 | 0.00 | 21,330 | 2.84 | 0.05 |
| Telecommunications Service Providers Total | 7,655 | 271,019 | 45.94 | 0.74 | 263,364 | 37.94 | 0.65 |
| British American Tobacco plc | -5,676 | 4,772 | 4.49 | 0.07 | 10,448 | 9.53 | 0.16 |
| Tobacco Total | -5,676 | 4,772 | 4.49 | 0.07 | 10,448 | 9.53 | 0.16 |
| Portfolio Total | -21,662,721 | 2,357,022,955 | 6,199.03 | 100.00 | 2,378,685,676 | 5,819.32 | 100.00 |