| | | |
| Security | Change | # Units | Value (Rm) | % Fund | # Units | Value (Rm) | % Fund |
| Absa Group Ltd. | 4,885 | 173,476 | 41.84 | 0.66 | 168,591 | 40.35 | 0.65 |
| Capitec Bank Holdings Ltd. | 147 | 17,020 | 70.16 | 1.11 | 16,873 | 70.12 | 1.13 |
| FirstRand Ltd. | 148,966 | 948,172 | 81.68 | 1.30 | 799,206 | 72.53 | 1.17 |
| Nedbank Group Ltd. | -71,476 | 0 | 0.00 | 0.00 | 71,476 | 19.03 | 0.31 |
| Standard Bank Group Ltd. | -21,635 | 257,413 | 78.37 | 1.24 | 279,048 | 81.04 | 1.31 |
| Banks Total | 60,887 | 1,396,081 | 272.05 | 4.32 | 1,335,194 | 283.07 | 4.57 |
| Anheuser-Busch InBev SA/NV | -1,237 | 0 | 0.00 | 0.00 | 1,237 | 1.32 | 0.02 |
| Beverages Total | -1,237 | 0 | 0.00 | 0.00 | 1,237 | 1.32 | 0.02 |
| SA Bond ASN694 | 0 | 227,529,000 | 236.80 | 3.76 | 227,529,000 | 237.46 | 3.83 |
| SA Bond I2033 | -706,923,000 | 0 | 0.00 | 0.00 | 706,923,000 | 1,000.44 | 16.14 |
| SA Bond IVC244 | 0 | 141,000,000 | 143.19 | 2.27 | 141,000,000 | 143.12 | 2.31 |
| SA Bond R2035 | 0 | 141,575,000 | 140.31 | 2.23 | 141,575,000 | 151.94 | 2.45 |
| SA Bond R2037 | 0 | 513,670,000 | 487.48 | 7.73 | 513,670,000 | 529.16 | 8.54 |
| SA Bond R2040 | 10,000 | 437,213,000 | 418.07 | 6.63 | 437,203,000 | 455.51 | 7.35 |
| SA Bond R213 | 949,320,000 | 1,056,756,000 | 997.04 | 15.82 | 107,436,000 | 107.62 | 1.74 |
| SA Bond RN2030 | 0 | 1,356,000 | 1.38 | 0.02 | 1,356,000 | 1.37 | 0.02 |
| SA Bond SBC219 | 0 | 46,666,667 | 47.47 | 0.75 | 46,666,667 | 47.48 | 0.77 |
| Bond Total | 242,407,000 | 2,565,765,667 | 2,471.74 | 39.21 | 2,323,358,667 | 2,674.09 | 43.14 |
| Cash on call | 0 | 0 | -210.80 | -3.34 | 0 | -561.01 | -9.05 |
| Margin Account | 0 | 0 | 0.07 | 0.00 | 0 | 2.45 | 0.04 |
| Cash on call Total | 0 | 0 | -210.73 | -3.34 | 0 | -558.56 | -9.01 |
| Bond Derivative | 0 | 0 | -0.31 | -0.01 | 0 | -5.06 | -0.08 |
| Equity Derivative | 0 | 0 | 0.00 | 0.00 | 0 | 36.67 | 0.59 |
| Derivatives Total | 0 | 0 | -0.31 | -0.01 | 0 | 31.61 | 0.51 |
| Vangaurd FTSE All World ETF | 0 | 106,336 | 150.04 | 2.38 | 106,336 | 147.32 | 2.38 |
| Vanguard FTSE Emerging Markets ETF | 34,585 | 128,961 | 119.31 | 1.89 | 94,376 | 84.07 | 1.36 |
| Vanguard FTSE Pacific Index Fund ETF | 37,774 | 37,774 | 63.19 | 1.00 | 0 | 0.00 | 0.00 |
| Vanguard S&P 500 ETF | 14,650 | 14,650 | 149.85 | 2.38 | 0 | 0.00 | 0.00 |
| Vanguard Short Term Treasury ETF | 0 | 130,512 | 130.78 | 2.07 | 130,512 | 127.01 | 2.05 |
| Vanguard Total World Stock ETF | 0 | 108,858 | 257.74 | 4.09 | 108,858 | 254.44 | 4.10 |
| Equities Total | 87,009 | 527,091 | 870.92 | 13.82 | 440,082 | 612.84 | 9.89 |
| AVI Ltd. | 133,600 | 233,622 | 24.26 | 0.38 | 100,022 | 10.55 | 0.17 |
| Food Producers Total | 133,600 | 233,622 | 24.26 | 0.38 | 100,022 | 10.55 | 0.17 |
| Foreign - Money Market | 0 | 0 | 248.99 | 3.95 | 0 | 238.47 | 3.85 |
| USA - Currency | 0 | 0 | 442.75 | 7.02 | 0 | 108.11 | 1.74 |
| For Currency Total | 0 | 0 | 691.74 | 10.97 | 0 | 346.58 | 5.59 |
| Foreign - Bonds | 0 | 0 | 109.90 | 1.74 | 0 | 106.94 | 1.73 |
| Foreign Invest Total | 0 | 0 | 109.90 | 1.74 | 0 | 106.94 | 1.73 |
| Mondi plc | -3,143 | 25,050 | 4.80 | 0.08 | 28,193 | 5.74 | 0.09 |
| The Bidvest Group Ltd. | -115,842 | 0 | 0.00 | 0.00 | 115,842 | 27.51 | 0.44 |
| General Industrials Total | -118,985 | 25,050 | 4.80 | 0.08 | 144,035 | 33.25 | 0.54 |
| Anglo American plc | -48,373 | 20,244 | 14.58 | 0.23 | 68,617 | 47.01 | 0.76 |
| BHP Group Ltd. | -39,366 | 5,071 | 3.07 | 0.05 | 44,437 | 22.53 | 0.36 |
| Glencore plc | 176,001 | 516,819 | 66.15 | 1.05 | 340,818 | 31.07 | 0.50 |
| Kumba Iron Ore Ltd. | -28,720 | 0 | 0.00 | 0.00 | 28,720 | 10.08 | 0.16 |
| Industrial Metals and Mining Total | 59,542 | 542,134 | 83.80 | 1.33 | 482,592 | 110.69 | 1.79 |
| Quilter plc | 6,668 | 236,978 | 9.35 | 0.15 | 230,310 | 9.34 | 0.15 |
| Remgro Ltd. | -51,371 | 194,517 | 36.67 | 0.58 | 245,888 | 44.66 | 0.72 |
| Investment Banking and Brokerage Services Total | -44,703 | 431,495 | 46.03 | 0.73 | 476,198 | 53.99 | 0.87 |
| Old Mutual Ltd. | -2,795 | 1,988,993 | 27.45 | 0.44 | 1,991,788 | 29.68 | 0.48 |
| Sanlam Ltd. | -44,806 | 340,757 | 30.32 | 0.48 | 385,563 | 37.97 | 0.61 |
| Life Insurance Total | -47,601 | 2,329,750 | 57.77 | 0.92 | 2,377,351 | 67.65 | 1.09 |
| eMedia Holdings Ltd. | -53,873 | 53,161 | 0.12 | 0.00 | 107,034 | 0.23 | 0.00 |
| Media Total | -53,873 | 53,161 | 0.12 | 0.00 | 107,034 | 0.23 | 0.00 |
| Money Market - 1 month duration | 0 | 0 | 1.07 | 0.02 | 0 | 0.00 | 0.00 |
| Money Market - 10 months duration | 0 | 0 | 0.00 | 0.00 | 0 | 132.07 | 2.13 |
| Money Market - 11 months duration | 0 | 0 | 0.00 | 0.00 | 0 | 101.45 | 1.64 |
| Money Market - 23 months duration | 0 | 0 | 131.57 | 2.09 | 0 | 0.00 | 0.00 |
| Money Market - 24 months duration | 0 | 0 | 247.55 | 3.93 | 0 | 0.00 | 0.00 |
| Money Market - 25 months duration | 0 | 0 | 8.07 | 0.13 | 0 | 0.00 | 0.00 |
| Money Market - 28 months duration | 0 | 0 | 0.00 | 0.00 | 0 | 247.76 | 4.00 |
| Money Market - 29 months duration | 0 | 0 | 0.00 | 0.00 | 0 | 8.08 | 0.13 |
| Money Market - 5 months duration | 0 | 0 | 79.28 | 1.26 | 0 | 485.41 | 7.83 |
| Money Market - 6 months duration | 0 | 0 | 134.19 | 2.13 | 0 | 0.00 | 0.00 |
| Money Market - 7 months duration | 0 | 0 | 141.47 | 2.24 | 0 | 0.00 | 0.00 |
| Money Market - 9 months duration | 0 | 0 | 0.00 | 0.00 | 0 | 266.00 | 4.29 |
| Money Market Total | 0 | 0 | 743.20 | 11.79 | 0 | 1,240.77 | 20.02 |
| Bid Corporation Ltd. | 78,914 | 114,155 | 46.53 | 0.74 | 35,241 | 14.87 | 0.24 |
| Boxer Retail Ltd. | -113,281 | 0 | 0.00 | 0.00 | 113,281 | 8.08 | 0.13 |
| Shoprite Holdings Ltd. | -16,544 | 133,700 | 36.87 | 0.58 | 150,244 | 40.60 | 0.65 |
| Personal Care, Drug and Grocery Stores Total | -50,911 | 247,855 | 83.40 | 1.32 | 298,766 | 63.55 | 1.03 |
| Compagnie Financière Richemont SA | 6,563 | 17,301 | 51.19 | 0.81 | 10,738 | 38.95 | 0.63 |
| Personal Goods Total | 6,563 | 17,301 | 51.19 | 0.81 | 10,738 | 38.95 | 0.63 |
| AngloGold Ashanti plc | 820 | 59,245 | 97.30 | 1.54 | 58,425 | 83.73 | 1.35 |
| Gold Fields Ltd. | 4,065 | 139,050 | 105.75 | 1.68 | 134,985 | 97.96 | 1.58 |
| Harmony Gold Mining Company Ltd. | -9,427 | 80,326 | 20.56 | 0.33 | 89,753 | 30.25 | 0.49 |
| Impala Platinum Holdings Ltd. | 39,650 | 105,521 | 25.21 | 0.40 | 65,871 | 17.26 | 0.28 |
| Northam Platinum Holdings Ltd. | -34,703 | 13,795 | 4.69 | 0.07 | 48,498 | 16.35 | 0.26 |
| Sibanye Stillwater Ltd. | 184,509 | 410,531 | 20.95 | 0.33 | 226,022 | 13.67 | 0.22 |
| Valterra Platinum Ltd. | -33,367 | 44,243 | 61.98 | 0.98 | 77,610 | 109.40 | 1.76 |
| Precious Metals and Mining Total | 151,547 | 852,711 | 336.46 | 5.34 | 701,164 | 368.62 | 5.95 |
| Growthpoint Properties Ltd. | -2,263,297 | 6,861,512 | 110.95 | 1.76 | 9,124,809 | 156.58 | 2.53 |
| Redefine Properties Ltd. | 24,417 | 8,560,874 | 50.94 | 0.81 | 8,536,457 | 51.22 | 0.83 |
| Vukile Property Fund Ltd. | 20,169 | 7,071,383 | 156.28 | 2.48 | 7,051,214 | 176.28 | 2.84 |
| Real Estate Investment Trusts Total | -2,218,711 | 22,493,769 | 318.17 | 5.05 | 24,712,480 | 384.08 | 6.20 |
| Motus Holdings Ltd. | -57,074 | 0 | 0.00 | 0.00 | 57,074 | 6.96 | 0.11 |
| Mr Price Group Ltd. | 133,822 | 226,539 | 34.74 | 0.55 | 92,717 | 16.22 | 0.26 |
| Pepkor Holdings Ltd. | 292,915 | 1,613,679 | 36.47 | 0.58 | 1,320,764 | 34.93 | 0.56 |
| The Foschini Group Ltd. | 57,633 | 57,633 | 4.07 | 0.06 | 0 | 0.00 | 0.00 |
| Truworths International Ltd. | -178,197 | 0 | 0.00 | 0.00 | 178,197 | 10.14 | 0.16 |
| Woolworths Holdings Ltd. | -177,800 | 200,533 | 10.17 | 0.16 | 378,333 | 21.19 | 0.34 |
| Retailers Total | 71,299 | 2,098,384 | 85.45 | 1.36 | 2,027,085 | 89.45 | 1.44 |
| Naspers Ltd. | 19,712 | 146,682 | 126.43 | 2.01 | 126,970 | 140.24 | 2.26 |
| Prosus NV | 36,690 | 84,239 | 64.75 | 1.03 | 47,549 | 48.67 | 0.79 |
| Software and Computer Services Total | 56,402 | 230,921 | 191.18 | 3.03 | 174,519 | 188.91 | 3.05 |
| MTN Group Ltd. | 51,669 | 322,688 | 63.07 | 1.00 | 271,019 | 45.94 | 0.74 |
| Telecommunications Service Providers Total | 51,669 | 322,688 | 63.07 | 1.00 | 271,019 | 45.94 | 0.74 |
| British American Tobacco plc | 5,087 | 9,859 | 9.78 | 0.16 | 4,772 | 4.49 | 0.07 |
| Tobacco Total | 5,087 | 9,859 | 9.78 | 0.16 | 4,772 | 4.49 | 0.07 |
| Portfolio Total | 240,554,584 | 2,597,577,539 | 6,303.96 | 100.00 | 2,357,022,955 | 6,199.03 | 100.00 |