| | | |
| Security | Change | # Units | Value (Rm) | % Fund | # Units | Value (Rm) | % Fund |
| Capitec Bank Holdings Ltd. | 12,855 | 12,855 | 40.29 | 2.01 | 0 | 0.00 | 0.00 |
| FirstRand Ltd. | 58,873 | 1,783,456 | 135.47 | 6.75 | 1,724,583 | 143.54 | 6.85 |
| Standard Bank Group Ltd. | 35,215 | 625,840 | 138.79 | 6.92 | 590,625 | 143.43 | 6.84 |
| Banks Total | 106,943 | 2,422,151 | 314.55 | 15.68 | 2,315,208 | 286.97 | 13.69 |
| Cash on call | 0 | 0 | 47.87 | 2.39 | 0 | 55.94 | 2.67 |
| Cash on call Total | 0 | 0 | 47.87 | 2.39 | 0 | 55.94 | 2.67 |
| ADvTECH Ltd. | 110,266 | 2,345,131 | 79.36 | 3.96 | 2,234,865 | 70.53 | 3.37 |
| Consumer Services Total | 110,266 | 2,345,131 | 79.36 | 3.96 | 2,234,865 | 70.53 | 3.37 |
| Alphabet Inc A | 0 | 10,570 | 37.90 | 1.89 | 10,570 | 29.83 | 1.42 |
| Cyclical Goods & Services Total | 0 | 10,570 | 37.90 | 1.89 | 10,570 | 29.83 | 1.42 |
| S&P Global Inc | -1,050 | 6,450 | 60.23 | 3.00 | 7,500 | 66.19 | 3.16 |
| Financials Total | -1,050 | 6,450 | 60.23 | 3.00 | 7,500 | 66.19 | 3.16 |
| Coca Cola | 36,300 | 53,726 | 62.49 | 3.11 | 17,426 | 21.53 | 1.03 |
| Nestle SA | 44,500 | 44,500 | 69.14 | 3.45 | 0 | 0.00 | 0.00 |
| Unilever plc | -13,720 | 35,760 | 38.08 | 1.90 | 49,480 | 55.69 | 2.66 |
| Food & Beverage Total | 67,080 | 133,986 | 169.71 | 8.46 | 66,906 | 77.22 | 3.68 |
| AVI Ltd. | 34,037 | 763,179 | 83.74 | 4.17 | 729,142 | 79.53 | 3.80 |
| Food Producers Total | 34,037 | 763,179 | 83.74 | 4.17 | 729,142 | 79.53 | 3.80 |
| United Kingdom - Currency | 0 | 0 | 1.23 | 0.06 | 0 | 8.57 | 0.41 |
| USA - Currency | 0 | 0 | 0.53 | 0.03 | 0 | 0.80 | 0.04 |
| For Currency Total | 0 | 0 | 1.76 | 0.09 | 0 | 9.37 | 0.45 |
| Mondi plc | 19,069 | 172,400 | 47.84 | 2.38 | 153,331 | 50.18 | 2.39 |
| The Bidvest Group Ltd. | 31,368 | 394,845 | 104.11 | 5.19 | 363,477 | 106.05 | 5.06 |
| General Industrials Total | 50,437 | 567,245 | 151.95 | 7.57 | 516,808 | 156.23 | 7.46 |
| ASML Holding NV | 1,005 | 4,705 | 61.84 | 3.08 | 3,700 | 53.38 | 2.55 |
| Honeywell International | -7,822 | 0 | 0.00 | 0.00 | 7,822 | 27.95 | 1.33 |
| Goods & Services Total | -6,817 | 4,705 | 61.84 | 3.08 | 11,522 | 81.34 | 3.88 |
| Johnson & Johnson | -1,500 | 21,240 | 57.08 | 2.85 | 22,740 | 63.17 | 3.01 |
| Medtronic Incorporated | -15,030 | 27,935 | 41.70 | 2.08 | 42,965 | 66.05 | 3.15 |
| Pfizer Incorporated | -30,000 | 59,702 | 29.57 | 1.47 | 89,702 | 44.91 | 2.14 |
| Sanofi-Aventis | -12,130 | 15,570 | 28.33 | 1.41 | 27,700 | 55.12 | 2.63 |
| Healthcare Total | -58,660 | 124,447 | 156.69 | 7.81 | 183,107 | 229.25 | 10.94 |
| Sanlam Ltd. | 170,336 | 1,124,105 | 97.66 | 4.87 | 953,769 | 83.82 | 4.00 |
| Life Insurance Total | 170,336 | 1,124,105 | 97.66 | 4.87 | 953,769 | 83.82 | 4.00 |
| Bid Corporation Ltd. | 23,223 | 185,936 | 80.06 | 3.99 | 162,713 | 72.62 | 3.47 |
| Clicks Group Ltd. | 22,471 | 234,975 | 87.67 | 4.37 | 212,504 | 84.43 | 4.03 |
| Shoprite Holdings Ltd. | 0 | 407,806 | 120.10 | 5.99 | 407,806 | 119.23 | 5.69 |
| Personal Care, Drug and Grocery Stores Total | 45,694 | 828,717 | 287.83 | 14.35 | 783,023 | 276.28 | 13.18 |
| Compagnie Financière Richemont SA | 0 | 20,470 | 56.82 | 2.83 | 20,470 | 55.80 | 2.66 |
| Personal Goods Total | 0 | 20,470 | 56.82 | 2.83 | 20,470 | 55.80 | 2.66 |
| NEPI Rockcastle NV | -28,345 | 289,541 | 39.95 | 1.99 | 317,886 | 46.57 | 2.22 |
| Real Estate Investment and Services Total | -28,345 | 289,541 | 39.95 | 1.99 | 317,886 | 46.57 | 2.22 |
| Growthpoint Properties Ltd. | 0 | 3,006,400 | 38.27 | 1.91 | 3,006,400 | 42.09 | 2.01 |
| Stor-Age Property REIT Ltd. | -330,263 | 2,057,505 | 32.06 | 1.60 | 2,387,768 | 36.17 | 1.73 |
| Real Estate Investment Trusts Total | -330,263 | 5,063,905 | 70.33 | 3.51 | 5,394,168 | 78.26 | 3.73 |
| Diageo | -104,578 | 0 | 0.00 | 0.00 | 104,578 | 63.29 | 3.02 |
| Nike Incorporated | -52,800 | 0 | 0.00 | 0.00 | 52,800 | 81.28 | 3.88 |
| Visa Inc | -1,690 | 15,956 | 94.33 | 4.70 | 17,646 | 83.57 | 3.99 |
| Retail Total | -159,068 | 15,956 | 94.33 | 4.70 | 175,024 | 228.15 | 10.89 |
| Apple Computer Company | 0 | 5,200 | 24.59 | 1.23 | 5,200 | 20.39 | 0.97 |
| Equinix Inc | -515 | 3,075 | 53.96 | 2.69 | 3,590 | 54.54 | 2.60 |
| Microsoft Corporation | -405 | 14,431 | 114.95 | 5.73 | 14,836 | 109.29 | 5.22 |
| Technology Total | -920 | 22,706 | 193.50 | 9.65 | 23,626 | 184.22 | 8.79 |
| Portfolio Total | -330 | 13,743,264 | 2,006.01 | 100.00 | 13,743,594 | 2,095.51 | 100.00 |