| | | |
| Security | Change | # Units | Value (Rm) | % Fund | # Units | Value (Rm) | % Fund |
| Capitec Bank Holdings Ltd. | 49,291 | 49,291 | 171.24 | 1.01 | 0 | 0.00 | 0.00 |
| FirstRand Ltd. | -577,876 | 3,473,220 | 269.73 | 1.59 | 4,051,096 | 306.63 | 1.89 |
| Standard Bank Group Ltd. | 240,454 | 1,136,852 | 268.74 | 1.59 | 896,398 | 203.96 | 1.26 |
| Banks Total | -288,131 | 4,659,363 | 709.71 | 4.19 | 4,947,494 | 510.58 | 3.15 |
| Anheuser-Busch InBev SA/NV | -137,770 | 0 | 0.00 | 0.00 | 137,770 | 167.89 | 1.03 |
| Beverages Total | -137,770 | 0 | 0.00 | 0.00 | 137,770 | 167.89 | 1.03 |
| SA Bond BNDS | 0 | 0 | 1,173.72 | 6.93 | 0 | 999.51 | 6.16 |
| SA Bond I2029 | 180,734,387 | 382,647,117 | 536.56 | 3.17 | 201,912,730 | 277.66 | 1.71 |
| SA Bond I2033 | 129,100,000 | 468,500,000 | 627.01 | 3.70 | 339,400,000 | 439.24 | 2.71 |
| SA Bond NI29 | 0 | 187,800,000 | 259.18 | 1.53 | 187,800,000 | 253.93 | 1.56 |
| SA Bond R2035 | 0 | 374,000,000 | 370.16 | 2.19 | 374,000,000 | 360.40 | 2.22 |
| SA Bond R209 | 0 | 1,394,538,000 | 1,106.42 | 6.53 | 1,394,538,000 | 1,061.50 | 6.54 |
| SA Bond R214 | 0 | 293,600,000 | 213.92 | 1.26 | 293,600,000 | 204.70 | 1.26 |
| Bond Total | 309,834,387 | 3,101,085,117 | 4,286.97 | 25.32 | 2,791,250,730 | 3,596.95 | 22.16 |
| Cash on call | 0 | 0 | 113.22 | 0.67 | 0 | 725.26 | 4.47 |
| Cash on call Total | 0 | 0 | 113.22 | 0.67 | 0 | 725.26 | 4.47 |
| Egerton Capital Equity Fund | -121 | 174,832 | 511.81 | 3.02 | 174,953 | 504.09 | 3.11 |
| Equities Total | -121 | 174,832 | 511.81 | 3.02 | 174,953 | 504.09 | 3.11 |
| 1nvestGold ETF | 0 | 0 | 190.18 | 1.12 | 0 | 0.00 | 0.00 |
| NewGold | -437,293 | 0 | 269.04 | 1.59 | 437,293 | 236.35 | 1.46 |
| Exchange Traded Funds Total | -437,293 | 0 | 459.22 | 2.71 | 437,293 | 236.35 | 1.46 |
| Foreign - Currency | 0 | 0 | 1,054.87 | 6.23 | 0 | 1,150.89 | 7.09 |
| For Currency Total | 0 | 0 | 1,054.87 | 6.23 | 0 | 1,150.89 | 7.09 |
| Foreign - Bonds | 0 | 0 | 737.40 | 4.35 | 0 | 750.04 | 4.62 |
| Foreign - Equities | 0 | 0 | 3,984.56 | 23.53 | 0 | 4,058.94 | 25.01 |
| Foreign Invest Total | 0 | 0 | 4,721.96 | 27.89 | 0 | 4,808.98 | 29.63 |
| Foreign - Property | 0 | 0 | 73.08 | 0.43 | 0 | 6.54 | 0.04 |
| Foreign Property Total | 0 | 0 | 73.08 | 0.43 | 0 | 6.54 | 0.04 |
| Equity | 0 | 0 | 0.00 | 0.00 | 0 | 2,724.56 | 16.79 |
| General Equity Total | 0 | 0 | 0.00 | 0.00 | 0 | 2,724.56 | 16.79 |
| Anglo American plc | 161,242 | 161,242 | 2,565.27 | 15.15 | 0 | 0.00 | 0.00 |
| Industrial Metals and Mining Total | 161,242 | 161,242 | 2,565.27 | 15.15 | 0 | 0.00 | 0.00 |
| Contrarius Global Equity | -1,573,477 | 0 | 497.30 | 2.94 | 1,573,477 | 391.64 | 2.41 |
| Offshore Intern Total | -1,573,477 | 0 | 497.30 | 2.94 | 1,573,477 | 391.64 | 2.41 |
| Compagnie Financière Richemont SA | 1,872 | 53,594 | 175.21 | 1.03 | 51,722 | 172.29 | 1.06 |
| Personal Goods Total | 1,872 | 53,594 | 175.21 | 1.03 | 51,722 | 172.29 | 1.06 |
| AngloGold Ashanti plc | 152,242 | 152,242 | 184.75 | 1.09 | 0 | 0.00 | 0.00 |
| Northam Platinum Holdings Ltd. | 801,704 | 801,704 | 225.28 | 1.33 | 0 | 0.00 | 0.00 |
| Precious Metals and Mining Total | 953,946 | 953,946 | 410.03 | 2.42 | 0 | 0.00 | 0.00 |
| Property positions individually less than 1% of fund | 0 | 0 | 0.00 | 0.00 | 0 | 345.45 | 2.13 |
| Real Estate Total | 0 | 0 | 0.00 | 0.00 | 0 | 345.45 | 2.13 |
| Fairvest Ltd. | 18,038,226 | 18,038,226 | 543.63 | 3.21 | 0 | 0.00 | 0.00 |
| Real Estate Investment Trusts Total | 18,038,226 | 18,038,226 | 543.63 | 3.21 | 0 | 0.00 | 0.00 |
| Prosus NV | -59,413 | 669,967 | 811.14 | 4.79 | 729,380 | 723.26 | 4.46 |
| Software and Computer Services Total | -59,413 | 669,967 | 811.14 | 4.79 | 729,380 | 723.26 | 4.46 |
| MTN Group Ltd. | -1,167,596 | 0 | 0.00 | 0.00 | 1,167,596 | 164.44 | 1.01 |
| Telecommunications Service Providers Total | -1,167,596 | 0 | 0.00 | 0.00 | 1,167,596 | 164.44 | 1.01 |
| Portfolio Total | 325,325,872 | 3,125,796,287 | 16,933.43 | 100.00 | 2,800,470,415 | 16,229.15 | 100.00 |