| | | |
| Security | Change | # Units | Value (Rm) | % Fund | # Units | Value (Rm) | % Fund |
| Capitec Bank Holdings Ltd. | 4,665 | 19,390 | 60.77 | 4.89 | 14,725 | 44.90 | 5.80 |
| Nedbank Group Ltd. | 72,180 | 204,310 | 57.56 | 4.63 | 132,130 | 39.69 | 5.13 |
| Standard Bank Group Ltd. | 156,370 | 253,910 | 56.31 | 4.53 | 97,540 | 23.69 | 3.06 |
| Banks Total | 233,215 | 477,610 | 174.64 | 14.06 | 244,395 | 108.28 | 14.00 |
| EOG Resources | 500 | 6,500 | 14.78 | 1.19 | 6,000 | 12.64 | 1.63 |
| Basic Resources Total | 500 | 6,500 | 14.78 | 1.19 | 6,000 | 12.64 | 1.63 |
| SA Bond ASN037 | 0 | 500,000 | 1.28 | 0.10 | 500,000 | 1.29 | 0.17 |
| SA Bond CLN454 | 0 | 1,000,000 | 1.86 | 0.15 | 1,000,000 | 1.80 | 0.23 |
| SA Bond EL28 | 0 | 500,000 | 0.87 | 0.07 | 500,000 | 0.87 | 0.11 |
| SA Bond EL31 | 0 | 400,000 | 0.55 | 0.04 | 400,000 | 0.55 | 0.07 |
| SA Bond ES33 | 0 | 4,713,000 | 3.91 | 0.31 | 4,713,000 | 3.90 | 0.50 |
| SA Bond FRC501 | 0 | 1,000,000 | 1.30 | 0.10 | 1,000,000 | 1.28 | 0.17 |
| SA Bond FRS137 | 0 | 455,000 | 1.07 | 0.09 | 455,000 | 1.06 | 0.14 |
| SA Bond I2033 | 9,700,000 | 9,700,000 | 12.39 | 1.00 | 0 | 0.00 | 0.00 |
| SA Bond I2038 | 0 | 5,000,000 | 7.03 | 0.57 | 5,000,000 | 6.96 | 0.90 |
| SA Bond R2030 | 0 | 500,000 | 0.50 | 0.04 | 500,000 | 0.49 | 0.06 |
| SA Bond R2032 | 0 | 9,900,000 | 9.38 | 0.76 | 9,900,000 | 9.29 | 1.20 |
| SA Bond R2033 | 3,000,000 | 3,000,000 | 3.09 | 0.25 | 0 | 0.00 | 0.00 |
| SA Bond R2035 | 0 | 26,990,000 | 25.39 | 2.04 | 26,990,000 | 25.20 | 3.26 |
| SA Bond R2037 | 3,700,000 | 28,905,000 | 25.58 | 2.06 | 25,205,000 | 22.27 | 2.88 |
| SA Bond R2038 | 30,900,000 | 30,900,000 | 31.83 | 2.56 | 0 | 0.00 | 0.00 |
| SA Bond R2040 | 23,300,000 | 30,830,000 | 27.45 | 2.21 | 7,530,000 | 6.71 | 0.87 |
| SA Bond R2044 | 33,700,000 | 42,600,000 | 36.15 | 2.91 | 8,900,000 | 7.62 | 0.98 |
| SA Bond R209 | 0 | 4,900,000 | 3.61 | 0.29 | 4,900,000 | 3.62 | 0.47 |
| SA Bond R213 | 0 | 19,300,000 | 17.61 | 1.42 | 19,300,000 | 17.44 | 2.25 |
| SA Bond SBSI14 | 0 | 1,410,558 | 3.66 | 0.29 | 1,410,558 | 3.69 | 0.48 |
| SA Bond TN30 | 0 | 1,300,000 | 1.31 | 0.11 | 1,300,000 | 1.35 | 0.17 |
| Bond Total | 104,300,000 | 223,803,558 | 215.78 | 17.37 | 119,503,558 | 115.39 | 14.91 |
| Cash on call | 0 | 0 | 3.19 | 0.26 | 0 | 14.76 | 1.91 |
| Margin Account | 0 | 0 | 5.10 | 0.41 | 0 | 7.63 | 0.99 |
| Cash on call Total | 0 | 0 | 8.29 | 0.67 | 0 | 22.39 | 2.89 |
| Lowes Companies | 1,440 | 3,418 | 15.91 | 1.28 | 1,978 | 9.09 | 1.18 |
| Construction Total | 1,440 | 3,418 | 15.91 | 1.28 | 1,978 | 9.09 | 1.18 |
| Howden Joinery Group PLC | 40,100 | 134,600 | 25.24 | 2.03 | 94,500 | 19.76 | 2.55 |
| Cyclical Goods & Services Total | 40,100 | 134,600 | 25.24 | 2.03 | 94,500 | 19.76 | 2.55 |
| Equity Derivative | 0 | 0 | 0.05 | 0.00 | 0 | -0.79 | -0.10 |
| Derivatives Total | 0 | 0 | 0.05 | 0.00 | 0 | -0.79 | -0.10 |
| Capital & Regional PLC | -744,111 | 0 | 0.00 | 0.00 | 744,111 | 10.97 | 1.42 |
| Equities Total | -744,111 | 0 | 0.00 | 0.00 | 744,111 | 10.97 | 1.42 |
| Derwent London | 34,070 | 75,710 | 35.05 | 2.82 | 41,640 | 23.30 | 3.01 |
| EXOR S.p.A | 3,045 | 15,319 | 26.65 | 2.15 | 12,274 | 22.54 | 2.91 |
| Interactive Brokers Group | 3,715 | 8,955 | 30.22 | 2.43 | 5,240 | 12.40 | 1.60 |
| Mastercard Inc | 522 | 522 | 5.17 | 0.42 | 0 | 0.00 | 0.00 |
| Financial Services Total | 41,352 | 100,506 | 97.10 | 7.82 | 59,154 | 58.24 | 7.53 |
| Australia - Currency | 0 | 0 | 0.02 | 0.00 | 0 | 0.02 | 0.00 |
| European - Currency | 0 | 0 | 0.03 | 0.00 | 0 | 0.04 | 0.01 |
| Hong Kong - Currency | 0 | 0 | 0.00 | 0.00 | 0 | 0.12 | 0.02 |
| Japan - Currency | 0 | 0 | 0.00 | 0.00 | 0 | 0.05 | 0.01 |
| Switzerland - Currency | 0 | 0 | 0.03 | 0.00 | 0 | 0.02 | 0.00 |
| United Kingdom - Currency | 0 | 0 | 3.11 | 0.25 | 0 | 0.51 | 0.07 |
| USA - Currency | 0 | 0 | 4.44 | 0.36 | 0 | 2.02 | 0.26 |
| For Currency Total | 0 | 0 | 7.64 | 0.62 | 0 | 2.78 | 0.36 |
| Foreign - Equities | 0 | 0 | 14.19 | 1.14 | 0 | 3.04 | 0.39 |
| Foreign Invest Total | 0 | 0 | 14.19 | 1.14 | 0 | 3.04 | 0.39 |
| NewRiver Retail Ltd | 332,124 | 713,876 | 12.77 | 1.03 | 381,752 | 7.15 | 0.92 |
| Unibail-Rodamco | 16,380 | 45,625 | 65.30 | 5.26 | 29,245 | 43.85 | 5.67 |
| Foreign Property Total | 348,504 | 759,501 | 78.07 | 6.29 | 410,997 | 51.00 | 6.59 |
| ASML Holding NV | 886 | 1,404 | 18.69 | 1.50 | 518 | 7.46 | 0.96 |
| Lam Research Corporation | 19,344 | 20,335 | 27.72 | 2.23 | 991 | 14.13 | 1.83 |
| Goods & Services Total | 20,230 | 21,739 | 46.41 | 3.74 | 1,509 | 21.60 | 2.79 |
| Afrimat Ltd. | 180,300 | 655,644 | 46.52 | 3.75 | 475,344 | 32.26 | 4.17 |
| Industrial Metals and Mining Total | 180,300 | 655,644 | 46.52 | 3.75 | 475,344 | 32.26 | 4.17 |
| Hudaco Industries Ltd. | 36,072 | 140,222 | 30.29 | 2.44 | 104,150 | 20.21 | 2.61 |
| Industrial Support Services Total | 36,072 | 140,222 | 30.29 | 2.44 | 104,150 | 20.21 | 2.61 |
| AIA Group Limited | 124,600 | 290,500 | 39.72 | 3.20 | 165,900 | 25.62 | 3.31 |
| Berkshire Hathaway Inc | -250 | 310 | 2.64 | 0.21 | 560 | 4.41 | 0.57 |
| Markel Corporation | 0 | 180 | 5.86 | 0.47 | 180 | 4.86 | 0.63 |
| Insurance Total | 124,350 | 290,990 | 48.22 | 3.88 | 166,640 | 34.89 | 4.51 |
| JSE Ltd. | 78,900 | 78,900 | 9.52 | 0.77 | 0 | 0.00 | 0.00 |
| Investment Banking and Brokerage Services Total | 78,900 | 78,900 | 9.52 | 0.77 | 0 | 0.00 | 0.00 |
| Money Market Instrument | 0 | 0 | 7.14 | 0.57 | 0 | 0.00 | 0.00 |
| Granate BCI Money Market - C | 520 | 24,601 | 0.02 | 0.00 | 24,081 | 0.02 | 0.00 |
| Money Market Total | 520 | 24,601 | 7.16 | 0.58 | 24,081 | 0.02 | 0.00 |
| OUTsurance Group Ltd. | 181,600 | 667,700 | 44.40 | 3.58 | 486,100 | 28.70 | 3.71 |
| Santam Ltd. | 18,200 | 46,850 | 18.40 | 1.48 | 28,650 | 10.50 | 1.36 |
| Non-life Insurance Total | 199,800 | 714,550 | 62.80 | 5.06 | 514,750 | 39.20 | 5.07 |
| Shoprite Holdings Ltd. | 33,310 | 118,010 | 34.75 | 2.80 | 84,700 | 24.76 | 3.20 |
| Personal Care, Drug and Grocery Stores Total | 33,310 | 118,010 | 34.75 | 2.80 | 84,700 | 24.76 | 3.20 |
| Growthpoint Properties Ltd. | 1,640,901 | 3,611,938 | 45.98 | 3.70 | 1,971,037 | 27.59 | 3.57 |
| SA Corporate Real Estate Ltd. | 3,290,000 | 11,105,000 | 32.43 | 2.61 | 7,815,000 | 24.46 | 3.16 |
| Real Estate Investment Trusts Total | 4,930,901 | 14,716,938 | 78.41 | 6.31 | 9,786,037 | 52.06 | 6.73 |
| CA Sales Holdings Ltd. | 0 | 698,670 | 11.32 | 0.91 | 698,670 | 10.31 | 1.33 |
| KAL Group Ltd. | 178,700 | 571,100 | 29.12 | 2.34 | 392,400 | 19.93 | 2.58 |
| Mr Price Group Ltd. | 62,600 | 164,500 | 48.57 | 3.91 | 101,900 | 27.51 | 3.56 |
| Retailers Total | 241,300 | 1,434,270 | 89.01 | 7.17 | 1,192,970 | 57.75 | 7.46 |
| Applied Materials Incorporated | 5,221 | 9,690 | 29.91 | 2.41 | 4,469 | 15.76 | 2.04 |
| Micron Technology | -3,050 | 0 | 0.00 | 0.00 | 3,050 | 5.64 | 0.73 |
| Microsoft Corporation | 710 | 1,782 | 14.28 | 1.15 | 1,072 | 7.90 | 1.02 |
| Taiwan Semiconductors | 5,943 | 19,205 | 72.74 | 5.86 | 13,262 | 40.73 | 5.26 |
| Tokyo Electron Ltd | 3,996 | 4,301 | 12.51 | 1.01 | 305 | 0.94 | 0.12 |
| Technology Total | 12,820 | 34,978 | 129.43 | 10.42 | 22,158 | 70.97 | 9.17 |
| British American Tobacco plc | 0 | 11,200 | 7.73 | 0.62 | 11,200 | 7.21 | 0.93 |
| Tobacco Total | 0 | 11,200 | 7.73 | 0.62 | 11,200 | 7.21 | 0.93 |
| Portfolio Total | 110,079,503 | 243,527,735 | 1,241.95 | 100.00 | 133,448,232 | 773.73 | 100.00 |