| | | |
| Security | Change | # Units | Value (Rm) | % Fund | # Units | Value (Rm) | % Fund |
| Absa Group Ltd. | 67,477 | 186,663 | 32.75 | 0.63 | 119,186 | 18.89 | 0.39 |
| Capitec Bank Holdings Ltd. | 1,735 | 9,924 | 30.21 | 0.58 | 8,189 | 21.53 | 0.44 |
| FirstRand Ltd. | -72,225 | 1,207,838 | 100.32 | 1.93 | 1,280,063 | 98.44 | 2.02 |
| Nedbank Group Ltd. | 0 | 82,925 | 24.79 | 0.48 | 82,925 | 21.26 | 0.44 |
| Standard Bank Group Ltd. | -16,173 | 307,323 | 74.48 | 1.43 | 323,496 | 68.20 | 1.40 |
| Banks Total | -19,186 | 1,794,673 | 262.56 | 5.05 | 1,813,859 | 228.31 | 4.68 |
| Anheuser-Busch InBev SA/NV | -1,543 | 34,724 | 39.60 | 0.76 | 36,267 | 38.56 | 0.79 |
| Beverages Total | -1,543 | 34,724 | 39.60 | 0.76 | 36,267 | 38.56 | 0.79 |
| SA Bond ASN694 | 0 | 150,500,000 | 155.18 | 2.99 | 150,500,000 | 155.20 | 3.18 |
| SA Bond CLN699 | 0 | 70,000,000 | 73.07 | 1.41 | 70,000,000 | 73.11 | 1.50 |
| SA Bond I2025 | 0 | 4,588,000 | 8.41 | 0.16 | 4,588,000 | 8.36 | 0.17 |
| SA Bond I2033 | 0 | 203,400,000 | 257.30 | 4.95 | 203,400,000 | 249.46 | 5.12 |
| SA Bond IVC244 | 0 | 141,000,000 | 141.46 | 2.72 | 141,000,000 | 141.45 | 2.90 |
| SA Bond R186 | -750,000 | 0 | 0.00 | 0.00 | 750,000 | 0.78 | 0.02 |
| SA Bond R2030 | -1,510,000 | 0 | 0.00 | 0.00 | 1,510,000 | 1.44 | 0.03 |
| SA Bond R2032 | -998,000 | 0 | 0.00 | 0.00 | 998,000 | 0.89 | 0.02 |
| SA Bond R2035 | -329,910,000 | 416,035,000 | 388.38 | 7.48 | 745,945,000 | 653.54 | 13.41 |
| SA Bond R2037 | 147,660,000 | 480,700,000 | 424.50 | 8.17 | 333,040,000 | 274.03 | 5.62 |
| SA Bond R2040 | 268,430,000 | 478,280,000 | 425.92 | 8.20 | 209,850,000 | 173.34 | 3.56 |
| SA Bond R213 | -73,650,000 | 97,450,000 | 87.85 | 1.69 | 171,100,000 | 147.56 | 3.03 |
| SA Bond RN2030 | 106,400,000 | 321,020,000 | 318.49 | 6.13 | 214,620,000 | 211.77 | 4.35 |
| Bond Total | 115,672,000 | 2,362,973,000 | 2,280.56 | 43.90 | 2,247,301,000 | 2,090.94 | 42.91 |
| Cash on call | 0 | 0 | -443.91 | -8.55 | 0 | -499.88 | -10.26 |
| Margin Account | 0 | 0 | 4.38 | 0.08 | 0 | 6.14 | 0.13 |
| Cash on call Total | 0 | 0 | -439.53 | -8.46 | 0 | -493.75 | -10.13 |
| Sasol Ltd. | -42,060 | 67,690 | 7.86 | 0.15 | 109,750 | 15.16 | 0.31 |
| Chemicals Total | -42,060 | 67,690 | 7.86 | 0.15 | 109,750 | 15.16 | 0.31 |
| Equity Derivative | 0 | 0 | 65.47 | 1.26 | 0 | 135.44 | 2.78 |
| Derivatives Total | 0 | 0 | 65.47 | 1.26 | 0 | 135.44 | 2.78 |
| Vangaurd FTSE All World ETF | 0 | 106,336 | 130.29 | 2.51 | 106,336 | 129.65 | 2.66 |
| Vanguard FTSE Emerging Markets ETF | 0 | 94,376 | 77.82 | 1.50 | 94,376 | 75.41 | 1.55 |
| Vanguard S&P 500 ETF | -6,316 | 0 | 0.00 | 0.00 | 6,316 | 57.68 | 1.18 |
| Vanguard Short Term Treasury ETF | 0 | 130,512 | 132.74 | 2.56 | 130,512 | 138.20 | 2.84 |
| Vanguard Total World Stock ETF | 0 | 108,858 | 224.54 | 4.32 | 108,858 | 223.88 | 4.59 |
| Equities Total | -6,316 | 440,082 | 565.39 | 10.88 | 446,398 | 624.82 | 12.82 |
| AVI Ltd. | 0 | 111,776 | 12.30 | 0.24 | 111,776 | 10.57 | 0.22 |
| Food Producers Total | 0 | 111,776 | 12.30 | 0.24 | 111,776 | 10.57 | 0.22 |
| USA - Currency | 0 | 0 | 187.81 | 3.62 | 0 | 137.44 | 2.82 |
| For Currency Total | 0 | 0 | 187.81 | 3.62 | 0 | 137.44 | 2.82 |
| Mondi plc | 0 | 49,241 | 16.09 | 0.31 | 49,241 | 17.33 | 0.36 |
| The Bidvest Group Ltd. | 0 | 195,629 | 57.28 | 1.10 | 195,629 | 55.64 | 1.14 |
| General Industrials Total | 0 | 244,870 | 73.37 | 1.41 | 244,870 | 72.98 | 1.50 |
| Netcare Ltd. | 0 | 1,293,816 | 19.94 | 0.38 | 1,293,816 | 16.48 | 0.34 |
| Health Care Providers Total | 0 | 1,293,816 | 19.94 | 0.38 | 1,293,816 | 16.48 | 0.34 |
| Anglo American plc | -21,632 | 89,796 | 50.21 | 0.97 | 111,428 | 64.24 | 1.32 |
| BHP Group Ltd. | 760 | 40,174 | 21.50 | 0.41 | 39,414 | 20.55 | 0.42 |
| Glencore plc | 374,317 | 374,317 | 36.98 | 0.71 | 0 | 0.00 | 0.00 |
| Kumba Iron Ore Ltd. | 42,459 | 42,459 | 17.03 | 0.33 | 0 | 0.00 | 0.00 |
| Industrial Metals and Mining Total | 395,904 | 546,746 | 125.72 | 2.42 | 150,842 | 84.78 | 1.74 |
| Quilter plc | -113,317 | 275,638 | 8.47 | 0.16 | 388,955 | 10.74 | 0.22 |
| Remgro Ltd. | -80,668 | 182,376 | 28.69 | 0.55 | 263,044 | 35.80 | 0.73 |
| Investment Banking and Brokerage Services Total | -193,985 | 458,014 | 37.16 | 0.72 | 651,999 | 46.54 | 0.96 |
| Old Mutual Ltd. | 0 | 1,271,401 | 17.42 | 0.34 | 1,271,401 | 15.75 | 0.32 |
| Sanlam Ltd. | 0 | 540,299 | 47.55 | 0.92 | 540,299 | 43.72 | 0.90 |
| Life Insurance Total | 0 | 1,811,700 | 64.96 | 1.25 | 1,811,700 | 59.47 | 1.22 |
| 0 | 0 | 0.00 | 0.00 | 0 | 230.97 | 4.74 |
| Money Market - 10 months duration | 0 | 0 | 0.00 | 0.00 | 0 | 193.95 | 3.98 |
| Money Market - 5 months duration | 0 | 0 | 306.17 | 5.89 | 0 | 0.00 | 0.00 |
| Money Market - 7 months duration | 0 | 0 | 198.66 | 3.82 | 0 | 0.00 | 0.00 |
| Money Market - 8 months duration | 0 | 0 | 0.00 | 0.00 | 0 | 307.58 | 6.31 |
| Money Market - 9 months duration | 0 | 0 | 236.90 | 4.56 | 0 | 0.00 | 0.00 |
| Money Market Instrument | 0 | 0 | 268.04 | 5.16 | 0 | 267.97 | 5.50 |
| Money Market Total | 0 | 0 | 1,009.77 | 19.44 | 0 | 1,000.45 | 20.53 |
| Exxaro Resources Ltd. | -38,808 | 0 | 0.00 | 0.00 | 38,808 | 6.91 | 0.14 |
| Oil, Gas and Coal Total | -38,808 | 0 | 0.00 | 0.00 | 38,808 | 6.91 | 0.14 |
| Bid Corporation Ltd. | 9,580 | 113,497 | 50.25 | 0.97 | 103,917 | 44.15 | 0.91 |
| Shoprite Holdings Ltd. | 11,414 | 106,965 | 31.64 | 0.61 | 95,551 | 27.14 | 0.56 |
| Personal Care, Drug and Grocery Stores Total | 20,994 | 220,462 | 81.89 | 1.58 | 199,468 | 71.29 | 1.46 |
| Compagnie Financière Richemont SA | -1,217 | 4,721 | 12.91 | 0.25 | 5,938 | 16.92 | 0.35 |
| Personal Goods Total | -1,217 | 4,721 | 12.91 | 0.25 | 5,938 | 16.92 | 0.35 |
| Aspen Pharmacare Holdings Ltd. | 14,725 | 110,522 | 21.55 | 0.41 | 95,797 | 22.35 | 0.46 |
| Pharmaceuticals and Biotechnology Total | 14,725 | 110,522 | 21.55 | 0.41 | 95,797 | 22.35 | 0.46 |
| Anglo American Platinum Ltd. | 5,718 | 16,618 | 10.31 | 0.20 | 10,900 | 6.56 | 0.13 |
| AngloGold Ashanti plc | 20,041 | 133,111 | 61.10 | 1.18 | 113,070 | 51.99 | 1.07 |
| Gold Fields Ltd. | -10,079 | 130,043 | 34.96 | 0.67 | 140,122 | 38.31 | 0.79 |
| Harmony Gold Mining Company Ltd. | 2,822 | 2,822 | 0.50 | 0.01 | 0 | 0.00 | 0.00 |
| Impala Platinum Holdings Ltd. | -49,363 | 164,387 | 15.91 | 0.31 | 213,750 | 19.40 | 0.40 |
| Northam Platinum Holdings Ltd. | -57,927 | 137,374 | 14.98 | 0.29 | 195,301 | 24.86 | 0.51 |
| Precious Metals and Mining Total | -88,788 | 584,355 | 137.75 | 2.65 | 673,143 | 141.12 | 2.90 |
| Growthpoint Properties Ltd. | 0 | 9,022,473 | 126.59 | 2.44 | 9,022,473 | 109.89 | 2.26 |
| Redefine Properties Ltd. | 0 | 8,440,716 | 42.12 | 0.81 | 8,440,716 | 33.93 | 0.70 |
| Vukile Property Fund Ltd. | -567,429 | 6,222,368 | 113.62 | 2.19 | 6,789,797 | 103.88 | 2.13 |
| Real Estate Investment Trusts Total | -567,429 | 23,685,557 | 282.32 | 5.44 | 24,252,986 | 247.71 | 5.08 |
| Motus Holdings Ltd. | -19,454 | 0 | 0.00 | 0.00 | 19,454 | 1.80 | 0.04 |
| Mr Price Group Ltd. | -14,633 | 140,495 | 37.96 | 0.73 | 155,128 | 31.94 | 0.66 |
| Pepkor Holdings Ltd. | 185,606 | 1,572,922 | 37.89 | 0.73 | 1,387,316 | 25.98 | 0.53 |
| The Foschini Group Ltd. | -54,285 | 0 | 0.00 | 0.00 | 54,285 | 6.92 | 0.14 |
| Truworths International Ltd. | 99,024 | 99,024 | 10.79 | 0.21 | 0 | 0.00 | 0.00 |
| Retailers Total | 196,258 | 1,812,441 | 86.65 | 1.67 | 1,616,183 | 66.65 | 1.37 |
| Naspers Ltd. | 0 | 33,261 | 139.53 | 2.69 | 33,261 | 118.65 | 2.43 |
| Prosus NV | 0 | 105,545 | 79.82 | 1.54 | 105,545 | 68.67 | 1.41 |
| Software and Computer Services Total | 0 | 138,806 | 219.34 | 4.22 | 138,806 | 187.32 | 3.84 |
| MTN Group Ltd. | 20,274 | 298,315 | 27.39 | 0.53 | 278,041 | 23.62 | 0.48 |
| Telecommunications Service Providers Total | 20,274 | 298,315 | 27.39 | 0.53 | 278,041 | 23.62 | 0.48 |
| British American Tobacco plc | -19,256 | 18,631 | 11.74 | 0.23 | 37,887 | 21.28 | 0.44 |
| Tobacco Total | -19,256 | 18,631 | 11.74 | 0.23 | 37,887 | 21.28 | 0.44 |
| Portfolio Total | 115,341,567 | 2,396,650,901 | 5,194.48 | 100.00 | 2,281,309,334 | 4,873.36 | 100.00 |