| | | |
| Security | Change | # Units | Value (Rm) | % Fund | # Units | Value (Rm) | % Fund |
| Capitec Bank Holdings Ltd. | 5,130 | 24,520 | 75.55 | 5.83 | 19,390 | 60.77 | 4.89 |
| Nedbank Group Ltd. | 36,300 | 240,610 | 61.65 | 4.76 | 204,310 | 57.56 | 4.63 |
| Standard Bank Group Ltd. | 60,290 | 314,200 | 75.46 | 5.82 | 253,910 | 56.31 | 4.53 |
| Banks Total | 101,720 | 579,330 | 212.66 | 16.41 | 477,610 | 174.64 | 14.06 |
| EOG Resources | -280 | 6,220 | 14.48 | 1.12 | 6,500 | 14.78 | 1.19 |
| Basic Resources Total | -280 | 6,220 | 14.48 | 1.12 | 6,500 | 14.78 | 1.19 |
| SA Bond ASN037 | 0 | 500,000 | 1.29 | 0.10 | 500,000 | 1.28 | 0.10 |
| SA Bond CLN454 | -1,000,000 | 0 | 0.00 | 0.00 | 1,000,000 | 1.86 | 0.15 |
| SA Bond EL28 | 0 | 500,000 | 0.89 | 0.07 | 500,000 | 0.87 | 0.07 |
| SA Bond EL29 | 1,500,000 | 1,500,000 | 2.44 | 0.19 | 0 | 0.00 | 0.00 |
| SA Bond EL30 | 1,500,000 | 1,500,000 | 2.32 | 0.18 | 0 | 0.00 | 0.00 |
| SA Bond EL31 | 0 | 400,000 | 0.55 | 0.04 | 400,000 | 0.55 | 0.04 |
| SA Bond ES33 | 0 | 4,713,000 | 3.78 | 0.29 | 4,713,000 | 3.91 | 0.31 |
| SA Bond FRC501 | 0 | 1,000,000 | 1.27 | 0.10 | 1,000,000 | 1.30 | 0.10 |
| SA Bond FRS137 | 0 | 455,000 | 1.08 | 0.08 | 455,000 | 1.07 | 0.09 |
| SA Bond I2033 | 0 | 9,700,000 | 12.37 | 0.95 | 9,700,000 | 12.39 | 1.00 |
| SA Bond I2038 | 0 | 5,000,000 | 6.90 | 0.53 | 5,000,000 | 7.03 | 0.57 |
| SA Bond R2030 | 0 | 500,000 | 0.49 | 0.04 | 500,000 | 0.50 | 0.04 |
| SA Bond R2032 | -5,000,000 | 4,900,000 | 4.51 | 0.35 | 9,900,000 | 9.38 | 0.76 |
| SA Bond R2033 | 0 | 3,000,000 | 3.01 | 0.23 | 3,000,000 | 3.09 | 0.25 |
| SA Bond R2035 | -6,700,000 | 20,290,000 | 18.33 | 1.41 | 26,990,000 | 25.39 | 2.04 |
| SA Bond R2037 | 6,400,000 | 35,305,000 | 29.87 | 2.31 | 28,905,000 | 25.58 | 2.06 |
| SA Bond R2038 | -3,800,000 | 27,100,000 | 26.66 | 2.06 | 30,900,000 | 31.83 | 2.56 |
| SA Bond R2040 | 16,000,000 | 46,830,000 | 39.39 | 3.04 | 30,830,000 | 27.45 | 2.21 |
| SA Bond R2044 | 12,300,000 | 54,900,000 | 43.70 | 3.37 | 42,600,000 | 36.15 | 2.91 |
| SA Bond R209 | 0 | 4,900,000 | 3.47 | 0.27 | 4,900,000 | 3.61 | 0.29 |
| SA Bond R213 | -10,300,000 | 9,000,000 | 8.05 | 0.62 | 19,300,000 | 17.61 | 1.42 |
| SA Bond SBSI14 | 0 | 1,410,558 | 3.69 | 0.28 | 1,410,558 | 3.66 | 0.29 |
| SA Bond TN30 | 0 | 1,300,000 | 1.34 | 0.10 | 1,300,000 | 1.31 | 0.11 |
| Bond Total | 10,900,000 | 234,703,558 | 215.39 | 16.63 | 223,803,558 | 215.78 | 17.37 |
| Cash on call | 0 | 0 | 11.90 | 0.92 | 0 | 3.19 | 0.26 |
| Margin Account | 0 | 0 | 4.92 | 0.38 | 0 | 5.10 | 0.41 |
| Cash on call Total | 0 | 0 | 16.82 | 1.30 | 0 | 8.29 | 0.67 |
| Lowes Companies | -570 | 2,848 | 11.96 | 0.92 | 3,418 | 15.91 | 1.28 |
| Construction Total | -570 | 2,848 | 11.96 | 0.92 | 3,418 | 15.91 | 1.28 |
| Howden Joinery Group PLC | 20,400 | 155,000 | 26.46 | 2.04 | 134,600 | 25.24 | 2.03 |
| Cyclical Goods & Services Total | 20,400 | 155,000 | 26.46 | 2.04 | 134,600 | 25.24 | 2.03 |
| Equity Derivative | 0 | 0 | 0.00 | 0.00 | 0 | 0.05 | 0.00 |
| Derivatives Total | 0 | 0 | 0.00 | 0.00 | 0 | 0.05 | 0.00 |
| Derwent London | 23,780 | 99,490 | 43.86 | 3.39 | 75,710 | 35.05 | 2.82 |
| EXOR S.p.A | 3,620 | 18,939 | 31.64 | 2.44 | 15,319 | 26.65 | 2.15 |
| Interactive Brokers Group | 2,500 | 11,455 | 34.69 | 2.68 | 8,955 | 30.22 | 2.43 |
| Mastercard Inc | 110 | 632 | 6.28 | 0.48 | 522 | 5.17 | 0.42 |
| Financial Services Total | 30,010 | 130,516 | 116.47 | 8.99 | 100,506 | 97.10 | 7.82 |
| Australia - Currency | 0 | 0 | 0.02 | 0.00 | 0 | 0.02 | 0.00 |
| European - Currency | 0 | 0 | 1.23 | 0.10 | 0 | 0.03 | 0.00 |
| Foreign - Currency | 0 | 0 | 0.37 | 0.03 | 0 | 0.00 | 0.00 |
| Hong Kong - Currency | 0 | 0 | 0.22 | 0.02 | 0 | 0.00 | 0.00 |
| Japan - Currency | 0 | 0 | 0.00 | 0.00 | 0 | 0.00 | 0.00 |
| Switzerland - Currency | 0 | 0 | 0.03 | 0.00 | 0 | 0.03 | 0.00 |
| United Kingdom - Currency | 0 | 0 | 0.70 | 0.05 | 0 | 3.11 | 0.25 |
| USA - Currency | 0 | 0 | 5.17 | 0.40 | 0 | 4.44 | 0.36 |
| For Currency Total | 0 | 0 | 7.75 | 0.60 | 0 | 7.64 | 0.62 |
| Foreign - Equities | 0 | 0 | 24.64 | 1.90 | 0 | 14.19 | 1.14 |
| Foreign Invest Total | 0 | 0 | 24.64 | 1.90 | 0 | 14.19 | 1.14 |
| NewRiver Retail Ltd | 416,124 | 1,130,000 | 18.67 | 1.44 | 713,876 | 12.77 | 1.03 |
| Unibail-Rodamco | 3,080 | 48,705 | 74.67 | 5.76 | 45,625 | 65.30 | 5.26 |
| Foreign Property Total | 419,204 | 1,178,705 | 93.34 | 7.20 | 759,501 | 78.07 | 6.29 |
| ASML Holding NV | 65 | 1,469 | 17.80 | 1.37 | 1,404 | 18.69 | 1.50 |
| Lam Research Corporation | 6,520 | 26,855 | 35.93 | 2.77 | 20,335 | 27.72 | 2.23 |
| Goods & Services Total | 6,585 | 28,324 | 53.73 | 4.15 | 21,739 | 46.41 | 3.74 |
| Afrimat Ltd. | 44,100 | 699,744 | 40.84 | 3.15 | 655,644 | 46.52 | 3.75 |
| Industrial Metals and Mining Total | 44,100 | 699,744 | 40.84 | 3.15 | 655,644 | 46.52 | 3.75 |
| Hudaco Industries Ltd. | 20,678 | 160,900 | 30.49 | 2.35 | 140,222 | 30.29 | 2.44 |
| Industrial Support Services Total | 20,678 | 160,900 | 30.49 | 2.35 | 140,222 | 30.29 | 2.44 |
| AIA Group Limited | 43,800 | 334,300 | 46.30 | 3.57 | 290,500 | 39.72 | 3.20 |
| Berkshire Hathaway Inc | -310 | 0 | 0.00 | 0.00 | 310 | 2.64 | 0.21 |
| Markel Corporation | -180 | 0 | 0.00 | 0.00 | 180 | 5.86 | 0.47 |
| Insurance Total | 43,310 | 334,300 | 46.30 | 3.57 | 290,990 | 48.22 | 3.88 |
| JSE Ltd. | 27,600 | 106,500 | 13.25 | 1.02 | 78,900 | 9.52 | 0.77 |
| Investment Banking and Brokerage Services Total | 27,600 | 106,500 | 13.25 | 1.02 | 78,900 | 9.52 | 0.77 |
| Money Market Instrument | 0 | 0 | 6.76 | 0.52 | 0 | 7.14 | 0.57 |
| Granate BCI Money Market - C | 503 | 25,104 | 0.03 | 0.00 | 24,601 | 0.02 | 0.00 |
| Money Market Total | 503 | 25,104 | 6.78 | 0.52 | 24,601 | 7.16 | 0.58 |
| OUTsurance Group Ltd. | 128,400 | 796,100 | 55.57 | 4.29 | 667,700 | 44.40 | 3.58 |
| Santam Ltd. | 45,650 | 92,500 | 34.59 | 2.67 | 46,850 | 18.40 | 1.48 |
| Non-life Insurance Total | 174,050 | 888,600 | 90.16 | 6.96 | 714,550 | 62.80 | 5.06 |
| Shoprite Holdings Ltd. | -1,100 | 116,910 | 31.68 | 2.45 | 118,010 | 34.75 | 2.80 |
| Personal Care, Drug and Grocery Stores Total | -1,100 | 116,910 | 31.68 | 2.45 | 118,010 | 34.75 | 2.80 |
| Growthpoint Properties Ltd. | -3,611,938 | 0 | 0.00 | 0.00 | 3,611,938 | 45.98 | 3.70 |
| SA Corporate Real Estate Ltd. | 1,370,000 | 12,475,000 | 32.44 | 2.50 | 11,105,000 | 32.43 | 2.61 |
| Real Estate Investment Trusts Total | -2,241,938 | 12,475,000 | 32.44 | 2.50 | 14,716,938 | 78.41 | 6.31 |
| CA Sales Holdings Ltd. | 56,126 | 754,796 | 12.83 | 0.99 | 698,670 | 11.32 | 0.91 |
| KAL Group Ltd. | 101,400 | 672,500 | 28.00 | 2.16 | 571,100 | 29.12 | 2.34 |
| Mr Price Group Ltd. | -4,950 | 159,550 | 35.34 | 2.73 | 164,500 | 48.57 | 3.91 |
| Retailers Total | 152,576 | 1,586,846 | 76.17 | 5.88 | 1,434,270 | 89.01 | 7.17 |
| Applied Materials Incorporated | 2,050 | 11,740 | 31.31 | 2.42 | 9,690 | 29.91 | 2.41 |
| Microsoft Corporation | 380 | 2,162 | 15.06 | 1.16 | 1,782 | 14.28 | 1.15 |
| Taiwan Semiconductors | 5,656 | 24,861 | 75.78 | 5.85 | 19,205 | 72.74 | 5.86 |
| Tokyo Electron Ltd | 320 | 4,621 | 11.57 | 0.89 | 4,301 | 12.51 | 1.01 |
| Technology Total | 8,406 | 43,384 | 133.72 | 10.32 | 34,978 | 129.43 | 10.42 |
| British American Tobacco plc | -11,200 | 0 | 0.00 | 0.00 | 11,200 | 7.73 | 0.62 |
| Tobacco Total | -11,200 | 0 | 0.00 | 0.00 | 11,200 | 7.73 | 0.62 |
| Portfolio Total | 9,694,054 | 253,221,789 | 1,295.53 | 100.00 | 243,527,735 | 1,241.95 | 100.00 |