| | | |
| Security | Change | # Units | Value (Rm) | % Fund | # Units | Value (Rm) | % Fund |
| Absa Group Ltd. | 429 | 149,829 | 27.13 | 5.26 | 149,400 | 26.29 | 5.66 |
| Capitec Bank Holdings Ltd. | 9 | 2,905 | 10.09 | 1.96 | 2,896 | 10.28 | 2.21 |
| FirstRand Ltd. | 142,672 | 142,672 | 11.08 | 2.15 | 0 | 0.00 | 0.00 |
| Investec plc | -53,633 | 43,217 | 5.54 | 1.07 | 96,850 | 12.80 | 2.76 |
| Nedbank Group Ltd. | -1,805 | 17,671 | 3.77 | 0.73 | 19,476 | 4.73 | 1.02 |
| Standard Bank Group Ltd. | 1,959 | 106,066 | 25.07 | 4.86 | 104,107 | 23.69 | 5.10 |
| Banco Bradesco SA | 31,502 | 136,497 | 7.96 | 1.54 | 104,995 | 5.77 | 1.24 |
| Itau Unibanco Banco Multiplo S.A. | -12,388 | 14,869 | 1.88 | 0.37 | 27,257 | 3.29 | 0.71 |
| Banks Total | 108,745 | 613,726 | 92.53 | 17.95 | 504,981 | 86.85 | 18.71 |
| Alcoa Incorporated | 4 | 1,212 | 0.69 | 0.13 | 1,208 | 0.63 | 0.14 |
| Freeport-McMoran C&G | 10 | 3,804 | 2.57 | 0.50 | 3,794 | 2.92 | 0.63 |
| Rheinmetal Berlin | -30 | 92 | 3.69 | 0.72 | 122 | 4.55 | 0.98 |
| YELLOW CAKE PLC | 37 | 13,171 | 1.75 | 0.34 | 13,134 | 1.68 | 0.36 |
| Basic Resources Total | 21 | 18,279 | 8.69 | 1.69 | 18,258 | 9.79 | 2.11 |
| Anheuser-Busch InBev SA/NV | -5,049 | 3,059 | 3.14 | 0.61 | 8,108 | 9.88 | 2.13 |
| Beverages Total | -5,049 | 3,059 | 3.14 | 0.61 | 8,108 | 9.88 | 2.13 |
| ishares Euro Coporate | -2,825 | 0 | 0.00 | 0.00 | 2,825 | 3.21 | 0.69 |
| Bonds Total | -2,825 | 0 | 0.00 | 0.00 | 2,825 | 3.21 | 0.69 |
| Cash on call | 0 | 0 | 21.52 | 4.17 | 0 | 17.61 | 3.79 |
| Margin Account | 0 | 0 | 0.39 | 0.08 | 0 | 0.41 | 0.09 |
| Cash on call Total | 0 | 0 | 21.90 | 4.25 | 0 | 18.03 | 3.88 |
| Sasol Ltd. | -52,050 | 54,877 | 5.90 | 1.14 | 106,927 | 8.42 | 1.81 |
| Chemicals Total | -52,050 | 54,877 | 5.90 | 1.14 | 106,927 | 8.42 | 1.81 |
| Raubex Group Ltd. | 21,413 | 21,413 | 0.91 | 0.18 | 0 | 0.00 | 0.00 |
| Wilson Bayly Holmes - Ovcon Ltd. | -23,642 | 24,454 | 3.68 | 0.71 | 48,096 | 8.88 | 1.91 |
| Construction and Materials Total | -2,229 | 45,867 | 4.59 | 0.89 | 48,096 | 8.88 | 1.91 |
| ADvTECH Ltd. | 508 | 177,160 | 5.58 | 1.08 | 176,652 | 5.78 | 1.24 |
| Zeda Ltd. | 316 | 110,177 | 1.38 | 0.27 | 109,861 | 1.35 | 0.29 |
| Alibaba Group Holdings Limited | -820 | 0 | 0.00 | 0.00 | 820 | 1.65 | 0.36 |
| Consumer Services Total | 4 | 287,337 | 6.96 | 1.35 | 287,333 | 8.78 | 1.89 |
| Alphabet Inc C | 10 | 3,345 | 14.03 | 2.72 | 3,335 | 10.44 | 2.25 |
| Constellation Brands Class A | 4 | 1,518 | 3.53 | 0.68 | 1,514 | 4.38 | 0.94 |
| Tencent Holdings Ltd | 1,371 | 1,371 | 2.01 | 0.39 | 0 | 0.00 | 0.00 |
| Cyclical Goods & Services Total | 1,385 | 6,234 | 19.57 | 3.80 | 4,849 | 14.82 | 3.19 |
| Equity Derivative | 0 | 0 | -6.75 | -1.31 | 0 | -7.48 | -1.61 |
| Derivatives Total | 0 | 0 | -6.75 | -1.31 | 0 | -7.48 | -1.61 |
| Shell Transport & Trading (Royal Dutch/Shell Group) | 13 | 4,665 | 5.76 | 1.12 | 4,652 | 5.82 | 1.25 |
| Energy Total | 13 | 4,665 | 5.76 | 1.12 | 4,652 | 5.82 | 1.25 |
| BYD Company | -1,233 | 0 | 0.00 | 0.00 | 1,233 | 2.06 | 0.44 |
| iShares MSCI Brazil Index Fund | -956 | 2,500 | 1.34 | 0.26 | 3,456 | 1.77 | 0.38 |
| iShares MSCI China ETF | 21 | 7,191 | 4.09 | 0.79 | 7,170 | 4.01 | 0.86 |
| Equities Total | -2,168 | 9,691 | 5.43 | 1.05 | 11,859 | 7.83 | 1.69 |
| NewPall | 1 | 1 | 0.00 | 0.00 | 0 | 0.00 | 0.00 |
| NewPlat | 33 | 11,964 | 3.11 | 0.60 | 11,931 | 2.70 | 0.58 |
| NewGold | 918 | 28,166 | 17.33 | 3.36 | 27,248 | 14.73 | 3.17 |
| Sygnia Itrix MSCI Emerging Markets 50 ETF | -223 | 33,077 | 0.77 | 0.15 | 33,300 | 0.69 | 0.15 |
| Exchange Traded Funds Total | 729 | 73,208 | 21.22 | 4.12 | 72,479 | 18.12 | 3.90 |
| Grupo Financiero Banamex Accival SA de CV | 31 | 11,143 | 9.65 | 1.87 | 11,112 | 9.04 | 1.95 |
| Mitsubishi UFJ Financial Group Inc | 3,680 | 10,016 | 2.75 | 0.53 | 6,336 | 1.54 | 0.33 |
| Financial Services Total | 3,711 | 21,159 | 12.40 | 2.41 | 17,448 | 10.59 | 2.28 |
| Astral Foods Ltd. | 17,097 | 17,097 | 3.51 | 0.68 | 0 | 0.00 | 0.00 |
| Sea Harvest Group Ltd. | -33,431 | 0 | 0.00 | 0.00 | 33,431 | 0.27 | 0.06 |
| Food Producers Total | -16,334 | 17,097 | 3.51 | 0.68 | 33,431 | 0.27 | 0.06 |
| Australia - Currency | 0 | 0 | 0.00 | 0.00 | 0 | 0.00 | 0.00 |
| European - Currency | 0 | 0 | 0.32 | 0.06 | 0 | 0.34 | 0.07 |
| Japan - Currency | 0 | 0 | 0.00 | 0.00 | 0 | 0.00 | 0.00 |
| Norway - Cash | 0 | 0 | 0.00 | 0.00 | 0 | 0.00 | 0.00 |
| United Kingdom - Currency | 0 | 0 | 0.12 | 0.02 | 0 | 0.06 | 0.01 |
| USA - Currency | 0 | 0 | 0.24 | 0.05 | 0 | 0.36 | 0.08 |
| For Currency Total | 0 | 0 | 0.68 | 0.13 | 0 | 0.76 | 0.16 |
| Foreign - Equities | 0 | 0 | 3.16 | 0.61 | 0 | 2.33 | 0.50 |
| Foreign Invest Total | 0 | 0 | 3.16 | 0.61 | 0 | 2.33 | 0.50 |
| Segro PLC | 32 | 11,188 | 1.70 | 0.33 | 11,156 | 1.85 | 0.40 |
| Sirius Real Estate Ltd | 227 | 79,105 | 1.80 | 0.35 | 78,878 | 1.87 | 0.40 |
| Foreign Property Total | 259 | 90,293 | 3.50 | 0.68 | 90,034 | 3.72 | 0.80 |
| Mpact Ltd. | -50,931 | 0 | 0.00 | 0.00 | 50,931 | 1.30 | 0.28 |
| General Industrials Total | -50,931 | 0 | 0.00 | 0.00 | 50,931 | 1.30 | 0.28 |
| British American Tobacco Corporation | -43 | 0 | 0.00 | 0.00 | 43 | 0.04 | 0.01 |
| Goods & Services Total | -43 | 0 | 0.00 | 0.00 | 43 | 0.04 | 0.01 |
| Netcare Ltd. | 268,991 | 268,991 | 3.82 | 0.74 | 0 | 0.00 | 0.00 |
| Health Care Providers Total | 268,991 | 268,991 | 3.82 | 0.74 | 0 | 0.00 | 0.00 |
| African Rainbow Minerals Ltd. | -40,224 | 0 | 0.00 | 0.00 | 40,224 | 6.92 | 1.49 |
| Anglo American plc | 12,111 | 32,194 | 20.81 | 4.04 | 20,083 | 10.56 | 2.27 |
| BHP Group Ltd. | 29 | 10,289 | 4.90 | 0.95 | 10,260 | 4.38 | 0.94 |
| Glencore plc | 98 | 34,372 | 2.74 | 0.53 | 34,274 | 2.38 | 0.51 |
| Industrial Metals and Mining Total | -27,986 | 76,855 | 28.46 | 5.52 | 104,841 | 24.24 | 5.22 |
| Coronation Fund Managers Ltd. | 59,523 | 329,412 | 14.66 | 2.84 | 269,889 | 10.67 | 2.30 |
| JSE Ltd. | 46,511 | 54,330 | 6.93 | 1.34 | 7,819 | 1.04 | 0.22 |
| Ninety One plc | -9,996 | 109,403 | 5.14 | 1.00 | 119,399 | 5.33 | 1.15 |
| PSG Financial Services Ltd. | 1,520 | 530,136 | 12.09 | 2.34 | 528,616 | 11.70 | 2.52 |
| Reinet Investments SCA | 12 | 4,006 | 2.02 | 0.39 | 3,994 | 2.30 | 0.50 |
| Investment Banking and Brokerage Services Total | 97,570 | 1,027,287 | 40.84 | 7.92 | 929,717 | 31.04 | 6.69 |
| Clientèle Ltd. | 317 | 110,629 | 1.55 | 0.30 | 110,312 | 1.38 | 0.30 |
| Discovery Ltd. | 9,438 | 43,411 | 8.55 | 1.66 | 33,973 | 7.30 | 1.57 |
| Old Mutual Ltd. | 812,856 | 812,856 | 10.85 | 2.11 | 0 | 0.00 | 0.00 |
| Life Insurance Total | 822,611 | 966,896 | 20.95 | 4.07 | 144,285 | 8.68 | 1.87 |
| iShares China Large Cap UCITS ETF | -367 | 2,356 | 4.76 | 0.92 | 2,723 | 5.09 | 1.10 |
| iShares Core MSCI EM IMI UCITS ETF | -644 | 4,293 | 3.20 | 0.62 | 4,937 | 3.45 | 0.74 |
| Offshore Intern Total | -1,011 | 6,649 | 7.96 | 1.54 | 7,660 | 8.53 | 1.84 |
| Pick n Pay Stores Ltd. | -101,456 | 0 | 0.00 | 0.00 | 101,456 | 2.72 | 0.59 |
| The SPAR Group Ltd. | -35,266 | 0 | 0.00 | 0.00 | 35,266 | 3.80 | 0.82 |
| Personal Care, Drug and Grocery Stores Total | -136,722 | 0 | 0.00 | 0.00 | 136,722 | 6.52 | 1.40 |
| Northam Platinum Holdings Ltd. | 6,549 | 35,713 | 10.04 | 1.95 | 29,164 | 5.59 | 1.20 |
| Pan African Resources plc | 121,873 | 716,293 | 14.55 | 2.82 | 594,420 | 6.59 | 1.42 |
| Valterra Platinum Ltd. | 11,979 | 27,189 | 33.57 | 6.51 | 15,210 | 12.02 | 2.59 |
| Precious Metals and Mining Total | 140,401 | 779,195 | 58.16 | 11.28 | 638,794 | 24.20 | 5.21 |
| Fairvest Ltd. | 470 | 163,780 | 0.90 | 0.18 | 163,310 | 0.85 | 0.18 |
| Real Estate Investment Trusts Total | 470 | 163,780 | 0.90 | 0.18 | 163,310 | 0.85 | 0.18 |
| Cashbuild Ltd. | 11 | 3,718 | 0.52 | 0.10 | 3,707 | 0.57 | 0.12 |
| Combined Motor Holdings Ltd. | 1,619 | 164,405 | 5.43 | 1.05 | 162,786 | 4.94 | 1.06 |
| Lewis Group Ltd. | 589 | 205,586 | 14.96 | 2.90 | 204,997 | 16.49 | 3.55 |
| Motus Holdings Ltd. | 118 | 41,335 | 4.30 | 0.83 | 41,217 | 3.88 | 0.84 |
| Mr Price Group Ltd. | 3,793 | 3,793 | 0.77 | 0.15 | 0 | 0.00 | 0.00 |
| Truworths International Ltd. | -132,332 | 0 | 0.00 | 0.00 | 132,332 | 9.45 | 2.04 |
| We Buy Cars Holdings Ltd. | 754 | 263,254 | 14.58 | 2.83 | 262,500 | 15.72 | 3.39 |
| Woolworths Holdings Ltd. | 94,344 | 131,855 | 6.63 | 1.29 | 37,511 | 1.94 | 0.42 |
| Retailers Total | -31,104 | 813,946 | 47.18 | 9.15 | 845,050 | 52.99 | 11.41 |
| Altron Ltd. | -7,736 | 86,445 | 1.58 | 0.31 | 94,181 | 2.08 | 0.45 |
| Karooooo Ltd. | 2,685 | 3,952 | 3.92 | 0.76 | 1,267 | 1.12 | 0.24 |
| Naspers Ltd. | -69 | 3,788 | 23.69 | 4.60 | 3,857 | 21.27 | 4.58 |
| Prosus NV | 48 | 17,029 | 20.62 | 4.00 | 16,981 | 16.84 | 3.63 |
| Software and Computer Services Total | -5,072 | 111,214 | 49.81 | 9.66 | 116,286 | 41.31 | 8.90 |
| Amazon.Com | 7 | 2,296 | 8.70 | 1.69 | 2,289 | 8.92 | 1.92 |
| Dell Technologies Inc | 2 | 532 | 1.30 | 0.25 | 530 | 1.15 | 0.25 |
| Nvidia Corporation | 3 | 1,144 | 3.68 | 0.71 | 1,141 | 3.20 | 0.69 |
| Taiwan Semiconductor Manufacturing Co Ltd | 1 | 567 | 2.73 | 0.53 | 566 | 2.28 | 0.49 |
| Technology Total | 13 | 4,539 | 16.41 | 3.18 | 4,526 | 15.56 | 3.35 |
| MTN Group Ltd. | 20,376 | 20,376 | 2.95 | 0.57 | 0 | 0.00 | 0.00 |
| Telkom SA SOC Ltd. | -40,273 | 195,433 | 10.00 | 1.94 | 235,706 | 12.72 | 2.74 |
| Telecommunications Service Providers Total | -19,897 | 215,809 | 12.95 | 2.51 | 235,706 | 12.72 | 2.74 |
| British American Tobacco plc | -12,035 | 9,286 | 8.47 | 1.64 | 21,321 | 17.93 | 3.86 |
| Tobacco Total | -12,035 | 9,286 | 8.47 | 1.64 | 21,321 | 17.93 | 3.86 |
| Southern Sun Ltd. | 1,097 | 382,888 | 3.27 | 0.64 | 381,791 | 3.37 | 0.73 |
| Sun International Ltd. | 290 | 101,202 | 4.08 | 0.79 | 100,912 | 4.41 | 0.95 |
| Travel and Leisure Total | 1,387 | 484,090 | 7.36 | 1.43 | 482,703 | 7.78 | 1.67 |
| Portfolio Total | 1,080,854 | 6,174,029 | 515.46 | 100.00 | 5,093,175 | 464.34 | 100.00 |