| | | |
| Security | Change | # Units | Value (Rm) | % Fund | # Units | Value (Rm) | % Fund |
| Absa Group Ltd. | -7,543 | 224,805 | 39.79 | 0.73 | 232,348 | 44.09 | 0.83 |
| Capitec Bank Holdings Ltd. | 4,306 | 15,451 | 47.94 | 0.88 | 11,145 | 34.93 | 0.66 |
| FirstRand Ltd. | 24,149 | 887,794 | 63.78 | 1.17 | 863,645 | 65.60 | 1.24 |
| Nedbank Group Ltd. | -41,941 | 40,984 | 10.54 | 0.19 | 82,925 | 23.36 | 0.44 |
| Standard Bank Group Ltd. | -9,975 | 297,348 | 71.19 | 1.31 | 307,323 | 68.15 | 1.29 |
| Banks Total | -31,004 | 1,466,382 | 233.24 | 4.28 | 1,497,386 | 236.14 | 4.46 |
| Anheuser-Busch InBev SA/NV | -1,128 | 33,596 | 37.98 | 0.70 | 34,724 | 32.57 | 0.62 |
| Beverages Total | -1,128 | 33,596 | 37.98 | 0.70 | 34,724 | 32.57 | 0.62 |
| SA Bond ASN694 | 0 | 150,500,000 | 152.82 | 2.80 | 150,500,000 | 153.04 | 2.89 |
| SA Bond BNDS | 0 | 0 | -0.14 | 0.00 | 0 | 0.00 | 0.00 |
| SA Bond CLN699 | 0 | 70,000,000 | 73.06 | 1.34 | 70,000,000 | 73.08 | 1.38 |
| SA Bond I2025 | -4,588,000 | 0 | 0.00 | 0.00 | 4,588,000 | 8.55 | 0.16 |
| SA Bond I2033 | 0 | 408,494,000 | 520.78 | 9.55 | 408,494,000 | 521.74 | 9.86 |
| SA Bond IVC244 | 0 | 141,000,000 | 141.46 | 2.59 | 141,000,000 | 141.47 | 2.67 |
| SA Bond R2035 | 0 | 137,542,000 | 124.20 | 2.28 | 137,542,000 | 129.36 | 2.44 |
| SA Bond R2037 | 0 | 480,700,000 | 406.51 | 7.46 | 480,700,000 | 425.36 | 8.04 |
| SA Bond R2040 | 0 | 478,280,000 | 402.56 | 7.38 | 478,280,000 | 425.77 | 8.04 |
| SA Bond R213 | 0 | 97,450,000 | 87.12 | 1.60 | 97,450,000 | 88.89 | 1.68 |
| SA Bond RN2030 | 0 | 321,020,000 | 320.74 | 5.88 | 321,020,000 | 319.73 | 6.04 |
| Bond Total | -4,588,000 | 2,284,986,000 | 2,229.10 | 40.89 | 2,289,574,000 | 2,286.99 | 43.21 |
| Cash on call | 0 | 0 | -308.12 | -5.65 | 0 | -670.75 | -12.67 |
| Margin Account | 0 | 0 | 4.42 | 0.08 | 0 | 4.44 | 0.08 |
| Cash on call Total | 0 | 0 | -303.69 | -5.57 | 0 | -666.32 | -12.59 |
| Sasol Ltd. | 119,688 | 119,688 | 9.16 | 0.17 | 0 | 0.00 | 0.00 |
| Chemicals Total | 119,688 | 119,688 | 9.16 | 0.17 | 0 | 0.00 | 0.00 |
| Bond Derivative | 0 | 0 | 0.00 | 0.00 | 0 | -0.08 | 0.00 |
| Equity Derivative | 0 | 0 | 71.27 | 1.31 | 0 | 72.67 | 1.37 |
| Derivatives Total | 0 | 0 | 71.27 | 1.31 | 0 | 72.59 | 1.37 |
| Vangaurd FTSE All World ETF | 0 | 106,336 | 137.31 | 2.52 | 106,336 | 127.36 | 2.41 |
| Vanguard FTSE Emerging Markets ETF | 0 | 94,376 | 78.56 | 1.44 | 94,376 | 78.43 | 1.48 |
| Vanguard Short Term Treasury ETF | 0 | 130,512 | 140.88 | 2.58 | 130,512 | 143.28 | 2.71 |
| Vanguard Total World Stock ETF | 0 | 108,858 | 232.14 | 4.26 | 108,858 | 241.32 | 4.56 |
| Equities Total | 0 | 440,082 | 588.89 | 10.80 | 440,082 | 590.39 | 11.15 |
| AVI Ltd. | -3,629 | 108,147 | 9.59 | 0.18 | 111,776 | 12.26 | 0.23 |
| Food Producers Total | -3,629 | 108,147 | 9.59 | 0.18 | 111,776 | 12.26 | 0.23 |
| USA - Currency | 0 | 0 | 125.79 | 2.31 | 0 | 124.38 | 2.35 |
| For Currency Total | 0 | 0 | 125.79 | 2.31 | 0 | 124.38 | 2.35 |
| Foreign - Bonds | 0 | 0 | 344.97 | 6.33 | 0 | 339.86 | 6.42 |
| Foreign Invest Total | 0 | 0 | 344.97 | 6.33 | 0 | 339.86 | 6.42 |
| Mondi plc | -3,337 | 99,492 | 27.08 | 0.50 | 102,829 | 28.54 | 0.54 |
| The Bidvest Group Ltd. | -6,088 | 181,491 | 42.74 | 0.78 | 187,579 | 49.46 | 0.93 |
| General Industrials Total | -9,425 | 280,983 | 69.82 | 1.28 | 290,408 | 77.99 | 1.47 |
| Netcare Ltd. | -1,044,269 | 249,547 | 3.29 | 0.06 | 1,293,816 | 19.30 | 0.36 |
| Health Care Providers Total | -1,044,269 | 249,547 | 3.29 | 0.06 | 1,293,816 | 19.30 | 0.36 |
| Anglo American plc | -23,801 | 58,395 | 29.84 | 0.55 | 82,196 | 45.36 | 0.86 |
| BHP Group Ltd. | 22,526 | 62,700 | 27.51 | 0.50 | 40,174 | 18.50 | 0.35 |
| Glencore plc | -171,632 | 121,878 | 8.20 | 0.15 | 293,510 | 24.51 | 0.46 |
| Kumba Iron Ore Ltd. | -1,167 | 34,808 | 10.86 | 0.20 | 35,975 | 11.74 | 0.22 |
| Industrial Metals and Mining Total | -174,074 | 277,781 | 76.41 | 1.40 | 451,855 | 100.11 | 1.89 |
| Quilter plc | -8,948 | 266,690 | 9.32 | 0.17 | 275,638 | 9.80 | 0.19 |
| Remgro Ltd. | -8,310 | 247,660 | 39.08 | 0.72 | 255,970 | 39.70 | 0.75 |
| Investment Banking and Brokerage Services Total | -17,258 | 514,350 | 48.40 | 0.89 | 531,608 | 49.50 | 0.94 |
| Sanlam Ltd. | -17,538 | 522,761 | 43.26 | 0.79 | 540,299 | 46.94 | 0.89 |
| Life Insurance Total | -17,538 | 522,761 | 43.26 | 0.79 | 540,299 | 46.94 | 0.89 |
| Money Market - 10 months duration | 0 | 0 | 1.02 | 0.02 | 0 | 409.58 | 7.74 |
| Money Market - 11 months duration | 0 | 0 | 231.98 | 4.26 | 0 | 0.00 | 0.00 |
| Money Market - 4 months duration | 0 | 0 | 0.00 | 0.00 | 0 | 183.68 | 3.47 |
| Money Market - 6 months duration | 0 | 0 | 0.00 | 0.00 | 0 | 224.74 | 4.25 |
| Money Market - 7 months duration | 0 | 0 | 410.76 | 7.53 | 0 | 0.00 | 0.00 |
| Money Market Instrument | 0 | 0 | 275.63 | 5.06 | 0 | 275.89 | 5.21 |
| Money Market Total | 0 | 0 | 919.39 | 16.86 | 0 | 1,093.90 | 20.67 |
| Bid Corporation Ltd. | -36,286 | 106,348 | 46.73 | 0.86 | 142,634 | 61.41 | 1.16 |
| Boxer Retail Ltd. | -6,211 | 185,101 | 12.99 | 0.24 | 191,312 | 12.32 | 0.23 |
| Pick n Pay Stores Ltd. | -132,253 | 0 | 0.00 | 0.00 | 132,253 | 4.06 | 0.08 |
| Shoprite Holdings Ltd. | 18,521 | 146,539 | 39.96 | 0.73 | 128,018 | 37.70 | 0.71 |
| Personal Care, Drug and Grocery Stores Total | -156,229 | 437,988 | 99.69 | 1.83 | 594,217 | 115.50 | 2.18 |
| Compagnie Financière Richemont SA | 984 | 4,413 | 13.99 | 0.26 | 3,429 | 9.52 | 0.18 |
| Personal Goods Total | 984 | 4,413 | 13.99 | 0.26 | 3,429 | 9.52 | 0.18 |
| Aspen Pharmacare Holdings Ltd. | -29,486 | 107,714 | 17.64 | 0.32 | 137,200 | 22.62 | 0.43 |
| Pharmaceuticals and Biotechnology Total | -29,486 | 107,714 | 17.64 | 0.32 | 137,200 | 22.62 | 0.43 |
| Anglo American Platinum Ltd. | 4,592 | 49,730 | 36.52 | 0.67 | 45,138 | 25.68 | 0.49 |
| AngloGold Ashanti plc | -723 | 102,106 | 70.13 | 1.29 | 102,829 | 43.29 | 0.82 |
| Gold Fields Ltd. | -37,046 | 119,259 | 48.35 | 0.89 | 156,305 | 38.62 | 0.73 |
| Harmony Gold Mining Company Ltd. | 37,109 | 168,013 | 44.77 | 0.82 | 130,904 | 19.72 | 0.37 |
| Impala Platinum Holdings Ltd. | 4,412 | 28,600 | 3.60 | 0.07 | 24,188 | 2.12 | 0.04 |
| Northam Platinum Holdings Ltd. | 71,200 | 134,569 | 17.62 | 0.32 | 63,369 | 6.17 | 0.12 |
| Sibanye Stillwater Ltd. | -339,788 | 0 | 0.00 | 0.00 | 339,788 | 5.09 | 0.10 |
| Precious Metals and Mining Total | -260,244 | 602,277 | 220.99 | 4.05 | 862,521 | 140.71 | 2.66 |
| Growthpoint Properties Ltd. | 0 | 9,022,473 | 116.84 | 2.14 | 9,022,473 | 114.86 | 2.17 |
| Redefine Properties Ltd. | 0 | 8,440,716 | 35.28 | 0.65 | 8,440,716 | 38.41 | 0.73 |
| Vukile Property Fund Ltd. | 0 | 6,413,119 | 111.91 | 2.05 | 6,413,119 | 115.24 | 2.18 |
| Real Estate Investment Trusts Total | 0 | 23,876,308 | 264.03 | 4.84 | 23,876,308 | 268.51 | 5.07 |
| Mr Price Group Ltd. | 41,709 | 41,709 | 9.24 | 0.17 | 0 | 0.00 | 0.00 |
| Pepkor Holdings Ltd. | -431,844 | 1,345,812 | 34.36 | 0.63 | 1,777,656 | 51.46 | 0.97 |
| Truworths International Ltd. | -81,373 | 256,692 | 18.47 | 0.34 | 338,065 | 35.03 | 0.66 |
| Retailers Total | -471,508 | 1,644,213 | 62.07 | 1.14 | 2,115,721 | 86.49 | 1.63 |
| Naspers Ltd. | -3,091 | 28,824 | 130.23 | 2.39 | 31,915 | 133.19 | 2.52 |
| Prosus NV | -14,254 | 73,930 | 62.22 | 1.14 | 88,184 | 66.05 | 1.25 |
| Software and Computer Services Total | -17,345 | 102,754 | 192.45 | 3.53 | 120,099 | 199.24 | 3.76 |
| MTN Group Ltd. | 179,365 | 365,031 | 44.98 | 0.83 | 185,666 | 17.08 | 0.32 |
| Telecommunications Service Providers Total | 179,365 | 365,031 | 44.98 | 0.83 | 185,666 | 17.08 | 0.32 |
| British American Tobacco plc | 13,837 | 38,380 | 28.96 | 0.53 | 24,543 | 16.61 | 0.31 |
| Tobacco Total | 13,837 | 38,380 | 28.96 | 0.53 | 24,543 | 16.61 | 0.31 |
| Portfolio Total | -6,507,263 | 2,316,178,395 | 5,451.68 | 100.00 | 2,322,685,658 | 5,292.87 | 100.00 |