| | | |
| Security | Change | # Units | Value (Rm) | % Fund | # Units | Value (Rm) | % Fund |
| Absa Group Ltd. | -54,340 | 372,891 | 89.10 | 5.17 | 427,231 | 102.26 | 6.01 |
| FirstRand Ltd. | -84,009 | 243,293 | 21.45 | 1.24 | 327,302 | 29.70 | 1.75 |
| Nedbank Group Ltd. | 58,637 | 105,787 | 28.22 | 1.64 | 47,150 | 12.55 | 0.74 |
| Standard Bank Group Ltd. | 0 | 182,190 | 54.93 | 3.19 | 182,190 | 52.91 | 3.11 |
| Sberbank | 35,000 | 35,000 | 0.00 | 0.00 | 0 | 0.00 | 0.00 |
| Banks Total | -44,712 | 939,161 | 193.70 | 11.24 | 983,873 | 197.43 | 11.60 |
| Anheuser-Busch InBev SA/NV | 10,650 | 22,100 | 26.04 | 1.51 | 11,450 | 12.26 | 0.72 |
| Beverages Total | 10,650 | 22,100 | 26.04 | 1.51 | 11,450 | 12.26 | 0.72 |
| SA Bond FRB32 | 0 | 7,800,000 | 7.92 | 0.46 | 7,800,000 | 7.93 | 0.47 |
| SA Bond I2031 | 6,983,000 | 29,546,000 | 33.42 | 1.94 | 22,563,000 | 25.73 | 1.51 |
| SA Bond I2033 | 0 | 34,272,655 | 47.63 | 2.76 | 34,272,655 | 48.51 | 2.85 |
| SA Bond MML04 | 0 | 14,976,000 | 14.78 | 0.86 | 14,976,000 | 15.35 | 0.90 |
| SA Bond R2033 | 0 | 42,750,500 | 45.33 | 2.63 | 42,750,500 | 48.85 | 2.87 |
| SA Bond R2035 | 7,541,000 | 90,761,492 | 89.87 | 5.21 | 83,220,492 | 89.31 | 5.25 |
| SA Bond R209 | 0 | 90,022,746 | 72.31 | 4.20 | 90,022,746 | 78.41 | 4.61 |
| SA Bond SNT08 | 0 | 16,000,000 | 16.33 | 0.95 | 16,000,000 | 16.35 | 0.96 |
| Bond Total | 14,524,000 | 326,129,393 | 327.60 | 19.01 | 311,605,393 | 330.44 | 19.42 |
| Cash on call | 0 | 0 | 40.97 | 2.38 | 0 | 24.48 | 1.44 |
| Cash on call Total | 0 | 0 | 40.97 | 2.38 | 0 | 24.48 | 1.44 |
| AECI Ltd. | -18,000 | 193,592 | 22.61 | 1.31 | 211,592 | 18.90 | 1.11 |
| Sasol Ltd. | -22,220 | 142,591 | 32.02 | 1.86 | 164,811 | 17.50 | 1.03 |
| Chemicals Total | -40,220 | 336,183 | 54.62 | 3.17 | 376,403 | 36.40 | 2.14 |
| EPE Capital Partners Ltd. | -1,383,844 | 1,950,720 | 13.21 | 0.77 | 3,334,564 | 23.34 | 1.37 |
| Closed End Investments Total | -1,383,844 | 1,950,720 | 13.21 | 0.77 | 3,334,564 | 23.34 | 1.37 |
| Reunert Ltd. | 0 | 488,558 | 31.74 | 1.84 | 488,558 | 30.45 | 1.79 |
| Electronic and Electrical Equipment Total | 0 | 488,558 | 31.74 | 1.84 | 488,558 | 30.45 | 1.79 |
| iShares Core EURO STOXX 50 | 7,700 | 7,700 | 32.22 | 1.87 | 0 | 0.00 | 0.00 |
| Equities Total | 7,700 | 7,700 | 32.22 | 1.87 | 0 | 0.00 | 0.00 |
| Arcus Japan Fund | 0 | 6,038 | 35.67 | 2.07 | 6,038 | 35.28 | 2.07 |
| Financials Total | 0 | 6,038 | 35.67 | 2.07 | 6,038 | 35.28 | 2.07 |
| Astral Foods Ltd. | 0 | 96,514 | 24.60 | 1.43 | 96,514 | 25.74 | 1.51 |
| Premier Group Ltd. | 0 | 167,674 | 29.10 | 1.69 | 167,674 | 28.11 | 1.65 |
| Food Producers Total | 0 | 264,188 | 53.71 | 3.12 | 264,188 | 53.85 | 3.16 |
| European - Currency | 0 | 0 | 0.18 | 0.01 | 0 | 0.18 | 0.01 |
| Japan - Currency | 0 | 0 | 0.09 | 0.01 | 0 | 0.09 | 0.01 |
| United Kingdom - Currency | 0 | 0 | 0.06 | 0.00 | 0 | 0.06 | 0.00 |
| USA - Currency | 0 | 0 | 0.14 | 0.01 | 0 | 0.66 | 0.04 |
| For Currency Total | 0 | 0 | 0.47 | 0.03 | 0 | 0.99 | 0.06 |
| Foreign - Bonds | 0 | 0 | 17.37 | 1.01 | 0 | 16.68 | 0.98 |
| Foreign - Unit Trusts | 0 | 0 | 0.00 | 0.00 | 0 | 15.57 | 0.91 |
| Foreign Invest Total | 0 | 0 | 17.37 | 1.01 | 0 | 32.25 | 1.89 |
| Nampak Ltd. | 0 | 35,910 | 16.34 | 0.95 | 35,910 | 19.40 | 1.14 |
| General Industrials Total | 0 | 35,910 | 16.34 | 0.95 | 35,910 | 19.40 | 1.14 |
| Life Healthcare Group Holdings Ltd. | 166,000 | 2,249,528 | 25.98 | 1.51 | 2,083,528 | 23.73 | 1.39 |
| Health Care Providers Total | 166,000 | 2,249,528 | 25.98 | 1.51 | 2,083,528 | 23.73 | 1.39 |
| ClucasGray Flexible Income Prescient - B2 | 514,416 | 25,258,932 | 28.29 | 1.64 | 24,744,516 | 28.57 | 1.68 |
| Income Total | 514,416 | 25,258,932 | 28.29 | 1.64 | 24,744,516 | 28.57 | 1.68 |
| African Rainbow Minerals Ltd. | 0 | 172,530 | 39.30 | 2.28 | 172,530 | 34.32 | 2.02 |
| Anglo American plc | -3,460 | 49,092 | 35.17 | 2.04 | 52,552 | 36.00 | 2.12 |
| Glencore plc | 32,040 | 298,434 | 38.07 | 2.21 | 266,394 | 24.28 | 1.43 |
| Industrial Metals and Mining Total | 28,580 | 520,056 | 112.54 | 6.53 | 491,476 | 94.60 | 5.56 |
| Dodge & Cox Worldwide Funds - Global Stock Fund Acc (USD) A | 21,237 | 148,814 | 108.18 | 6.28 | 127,577 | 93.81 | 5.51 |
| Nedgroup Investments Global Equity Feeder - B2 | 17,210 | 3,774,960 | 59.28 | 3.44 | 3,757,750 | 65.69 | 3.86 |
| International Total | 38,447 | 3,923,774 | 167.46 | 9.72 | 3,885,327 | 159.51 | 9.37 |
| Brait plc | 0 | 23,856 | 17.93 | 1.04 | 23,856 | 17.92 | 1.05 |
| Coronation Fund Managers Ltd. | 0 | 361,858 | 15.93 | 0.92 | 361,858 | 16.92 | 0.99 |
| Ninety One plc | -262,613 | 0 | 0.00 | 0.00 | 262,613 | 12.68 | 0.75 |
| Reinet Investments SCA | 28,690 | 95,698 | 52.32 | 3.04 | 67,008 | 38.86 | 2.28 |
| Sabvest Capital Ltd. | -9,712 | 168,453 | 23.41 | 1.36 | 178,165 | 21.91 | 1.29 |
| Investment Banking and Brokerage Services Total | -243,635 | 649,865 | 109.60 | 6.36 | 893,500 | 108.29 | 6.36 |
| Momentum Group Ltd. | 0 | 464,193 | 16.67 | 0.97 | 464,193 | 17.75 | 1.04 |
| Old Mutual Ltd. | 0 | 3,283,054 | 45.44 | 2.64 | 3,283,054 | 48.92 | 2.87 |
| Life Insurance Total | 0 | 3,747,247 | 62.11 | 3.60 | 3,747,247 | 66.67 | 3.92 |
| Caxton and CTP Publishers and Printers Ltd. | 13,000 | 1,189,278 | 15.46 | 0.90 | 1,176,278 | 15.50 | 0.91 |
| Media Total | 13,000 | 1,189,278 | 15.46 | 0.90 | 1,176,278 | 15.50 | 0.91 |
| Old Mutual Money Market - C | 0 | 0 | 0.00 | 0.00 | 0 | 0.01 | 0.00 |
| Old Mutual Money Market - M3 | 20,080,883 | 20,080,883 | 20.20 | 1.17 | 0 | 0.00 | 0.00 |
| Money Market Total | 20,080,883 | 20,080,883 | 20.20 | 1.17 | 0 | 0.01 | 0.00 |
| iShares Core EURO STOXX 50 UCITS ETF | -7,700 | 0 | 0.00 | 0.00 | 7,700 | 33.05 | 1.94 |
| Offshore Intern Total | -7,700 | 0 | 0.00 | 0.00 | 7,700 | 33.05 | 1.94 |
| Exxaro Resources Ltd. | -18,300 | 130,571 | 29.12 | 1.69 | 148,871 | 26.65 | 1.57 |
| Oil, Gas and Coal Total | -18,300 | 130,571 | 29.12 | 1.69 | 148,871 | 26.65 | 1.57 |
| Pick n Pay Stores Ltd. | 140,350 | 530,350 | 10.16 | 0.59 | 390,000 | 9.71 | 0.57 |
| Personal Care, Drug and Grocery Stores Total | 140,350 | 530,350 | 10.16 | 0.59 | 390,000 | 9.71 | 0.57 |
| Valterra Platinum Ltd. | -1,970 | 32,844 | 45.30 | 2.63 | 34,814 | 49.07 | 2.88 |
| Precious Metals and Mining Total | -1,970 | 32,844 | 45.30 | 2.63 | 34,814 | 49.07 | 2.88 |
| MAS plc | 0 | 496,050 | 9.52 | 0.55 | 496,050 | 11.21 | 0.66 |
| Real Estate Investment and Services Total | 0 | 496,050 | 9.52 | 0.55 | 496,050 | 11.21 | 0.66 |
| Fairvest Ltd. | -480,000 | 2,751,723 | 17.56 | 1.02 | 3,231,723 | 23.20 | 1.36 |
| Growthpoint Properties Ltd. | 0 | 695,945 | 11.18 | 0.65 | 695,945 | 11.94 | 0.70 |
| Redefine Properties Ltd. | 0 | 2,050,000 | 12.05 | 0.70 | 2,050,000 | 12.30 | 0.72 |
| Spear REIT Ltd. | 0 | 1,555,077 | 18.89 | 1.10 | 1,555,077 | 18.37 | 1.08 |
| Real Estate Investment Trusts Total | -480,000 | 7,052,745 | 59.69 | 3.46 | 7,532,745 | 65.81 | 3.87 |
| KAL Group Ltd. | 0 | 555,905 | 25.01 | 1.45 | 555,905 | 27.80 | 1.63 |
| Motus Holdings Ltd. | -40,150 | 223,044 | 25.49 | 1.48 | 263,194 | 32.09 | 1.89 |
| Mr Price Group Ltd. | -2,025 | 0 | 0.00 | 0.00 | 2,025 | 0.35 | 0.02 |
| The Foschini Group Ltd. | 74,379 | 252,021 | 17.79 | 1.03 | 177,642 | 15.14 | 0.89 |
| Truworths International Ltd. | 370,509 | 370,509 | 19.19 | 1.11 | 0 | 0.00 | 0.00 |
| Retailers Total | 402,713 | 1,401,479 | 87.47 | 5.07 | 998,766 | 75.38 | 4.43 |
| Naspers Ltd. | 6,520 | 61,395 | 52.65 | 3.05 | 54,875 | 60.61 | 3.56 |
| Software and Computer Services Total | 6,520 | 61,395 | 52.65 | 3.05 | 54,875 | 60.61 | 3.56 |
| MTN Group Ltd. | -37,270 | 152,470 | 29.44 | 1.71 | 189,740 | 32.16 | 1.89 |
| Telecommunications Service Providers Total | -37,270 | 152,470 | 29.44 | 1.71 | 189,740 | 32.16 | 1.89 |
| British American Tobacco plc | -31,100 | 0 | 0.00 | 0.00 | 31,100 | 29.69 | 1.74 |
| Tobacco Total | -31,100 | 0 | 0.00 | 0.00 | 31,100 | 29.69 | 1.74 |
| Southern Sun Ltd. | 0 | 1,471,914 | 14.98 | 0.87 | 1,471,914 | 15.07 | 0.89 |
| Travel and Leisure Total | 0 | 1,471,914 | 14.98 | 0.87 | 1,471,914 | 15.07 | 0.89 |
| Portfolio Total | 33,644,508 | 399,129,332 | 1,723.63 | 100.00 | 365,484,824 | 1,701.85 | 100.00 |