| | | |
| Security | Change | # Units | Value (Rm) | % Fund | # Units | Value (Rm) | % Fund |
| Autostrade Concessioni e Costruzioni Autostrade SpA | 4,387,780 | 4,387,780 | 1,341.84 | 1.10 | 0 | 0.00 | 0.00 |
| Auto Total | 4,387,780 | 4,387,780 | 1,341.84 | 1.10 | 0 | 0.00 | 0.00 |
| Capitec Bank Holdings Ltd. | 39,340 | 804,992 | 2,523.12 | 2.06 | 765,652 | 2,331.03 | 1.96 |
| FirstRand Ltd. | -3,980,894 | 39,280,563 | 2,983.75 | 2.44 | 43,261,457 | 3,593.30 | 3.01 |
| Standard Bank Group Ltd. | 164,944 | 7,567,326 | 1,678.13 | 1.37 | 7,402,382 | 1,793.97 | 1.51 |
| Banks Total | -3,776,610 | 47,652,881 | 7,185.00 | 5.88 | 51,429,491 | 7,718.30 | 6.48 |
| SA Bond BNDS | 0 | 0 | 4,343.68 | 3.55 | 0 | 6,390.82 | 5.36 |
| SA Bond I2033 | -2,244,970,000 | 1,124,210,000 | 1,436.08 | 1.17 | 3,369,180,000 | 4,266.01 | 3.58 |
| SA Bond R2035 | 3,690,508,942 | 3,690,508,942 | 3,471.19 | 2.84 | 0 | 0.00 | 0.00 |
| SA Bond R2040 | 1,989,700,000 | 4,570,500,000 | 4,068.84 | 3.33 | 2,580,800,000 | 2,272.91 | 1.91 |
| Bond Total | 3,435,238,942 | 9,385,218,942 | 13,319.78 | 10.90 | 5,949,980,000 | 12,929.74 | 10.85 |
| Cash on call | 0 | 0 | 16,466.53 | 13.47 | 0 | 14,958.52 | 12.55 |
| Cash on call Total | 0 | 0 | 16,466.53 | 13.47 | 0 | 14,958.52 | 12.55 |
| ADvTECH Ltd. | 492,191 | 46,402,350 | 1,570.26 | 1.28 | 45,910,159 | 1,452.14 | 1.22 |
| Consumer Services Total | 492,191 | 46,402,350 | 1,570.26 | 1.28 | 45,910,159 | 1,452.14 | 1.22 |
| Egerton Capital Equity Fund | 38,362 | 1,302,014 | 3,286.79 | 2.69 | 1,263,652 | 2,937.78 | 2.46 |
| Equities Total | 38,362 | 1,302,014 | 3,286.79 | 2.69 | 1,263,652 | 2,937.78 | 2.46 |
| Foreign - Currency | 0 | 0 | -5,030.19 | -4.11 | 0 | -4,638.57 | -3.89 |
| For Currency Total | 0 | 0 | -5,030.19 | -4.11 | 0 | -4,638.57 | -3.89 |
| Foreign - Bonds | 0 | 0 | 9,396.33 | 7.69 | 0 | 11,002.35 | 9.23 |
| Foreign - Equities | 0 | 0 | 28,964.69 | 23.69 | 0 | 30,901.86 | 25.93 |
| Foreign Invest Total | 0 | 0 | 38,361.02 | 31.38 | 0 | 41,904.21 | 35.16 |
| Foreign - Property | 0 | 0 | 243.06 | 0.20 | 0 | 193.54 | 0.16 |
| Foreign Property Total | 0 | 0 | 243.06 | 0.20 | 0 | 193.54 | 0.16 |
| Equity | 0 | 0 | 17,604.40 | 14.40 | 0 | 18,026.32 | 15.13 |
| General Equity Total | 0 | 0 | 17,604.40 | 14.40 | 0 | 18,026.32 | 15.13 |
| Mondi plc | 2,111,125 | 6,005,844 | 1,666.62 | 1.36 | 3,894,719 | 1,272.91 | 1.07 |
| General Industrials Total | 2,111,125 | 6,005,844 | 1,666.62 | 1.36 | 3,894,719 | 1,272.91 | 1.07 |
| Anglo American plc | 2,614,472 | 2,614,472 | 1,442.80 | 1.18 | 0 | 0.00 | 0.00 |
| Industrial Metals and Mining Total | 2,614,472 | 2,614,472 | 1,442.80 | 1.18 | 0 | 0.00 | 0.00 |
| Quilter plc | -9,765,209 | 38,987,253 | 1,386.39 | 1.13 | 48,752,462 | 1,497.68 | 1.26 |
| Investment Banking and Brokerage Services Total | -9,765,209 | 38,987,253 | 1,386.39 | 1.13 | 48,752,462 | 1,497.68 | 1.26 |
| OUTsurance Group Ltd. | -25,527,753 | 0 | 0.00 | 0.00 | 25,527,753 | 1,481.63 | 1.24 |
| Non-life Insurance Total | -25,527,753 | 0 | 0.00 | 0.00 | 25,527,753 | 1,481.63 | 1.24 |
| Contrarius Global Equity Fund - Investor Class | 11,080,283 | 11,080,283 | 2,650.36 | 2.17 | 0 | 0.00 | 0.00 |
| Offshore Intern Total | 11,080,283 | 11,080,283 | 2,650.36 | 2.17 | 0 | 0.00 | 0.00 |
| Bid Corporation Ltd. | -17,921 | 3,869,746 | 1,666.20 | 1.36 | 3,887,667 | 1,721.26 | 1.44 |
| Dis-Chem Pharmacies Ltd. | 274,315 | 58,354,030 | 2,106.58 | 1.72 | 58,079,715 | 2,204.13 | 1.85 |
| Personal Care, Drug and Grocery Stores Total | 256,394 | 62,223,776 | 3,772.78 | 3.09 | 61,967,382 | 3,925.39 | 3.29 |
| Compagnie Financière Richemont SA | -127,368 | 621,346 | 1,724.80 | 1.41 | 748,714 | 2,047.68 | 1.72 |
| Personal Goods Total | -127,368 | 621,346 | 1,724.80 | 1.41 | 748,714 | 2,047.68 | 1.72 |
| Property positions individually less than 1% of fund | 0 | 0 | 4,557.53 | 3.73 | 0 | 3,723.48 | 3.12 |
| Real Estate Total | 0 | 0 | 4,557.53 | 3.73 | 0 | 3,723.48 | 3.12 |
| NEPI Rockcastle NV | 307,973 | 13,866,640 | 1,913.46 | 1.57 | 13,558,667 | 1,978.07 | 1.66 |
| Real Estate Investment and Services Total | 307,973 | 13,866,640 | 1,913.46 | 1.57 | 13,558,667 | 1,978.07 | 1.66 |
| Pepkor Holdings Ltd. | 46,694,721 | 46,694,721 | 1,351.81 | 1.11 | 0 | 0.00 | 0.00 |
| We Buy Cars Holdings Ltd. | 40,203,101 | 40,203,101 | 1,730.74 | 1.42 | 0 | 0.00 | 0.00 |
| Retailers Total | 86,897,822 | 86,897,822 | 3,082.56 | 2.52 | 0 | 0.00 | 0.00 |
| Naspers Ltd. | 121,183 | 1,367,350 | 5,706.18 | 4.67 | 1,246,167 | 5,227.55 | 4.39 |
| Software and Computer Services Total | 121,183 | 1,367,350 | 5,706.18 | 4.67 | 1,246,167 | 5,227.55 | 4.39 |
| MTN Group Ltd. | -13,366,867 | 0 | 0.00 | 0.00 | 13,366,867 | 1,227.48 | 1.03 |
| Telecommunications Service Providers Total | -13,366,867 | 0 | 0.00 | 0.00 | 13,366,867 | 1,227.48 | 1.03 |
| British American Tobacco plc | -2,048,885 | 0 | 0.00 | 0.00 | 2,048,885 | 1,318.79 | 1.11 |
| Tobacco Total | -2,048,885 | 0 | 0.00 | 0.00 | 2,048,885 | 1,318.79 | 1.11 |
| Portfolio Total | 3,488,933,835 | 9,708,628,753 | 122,251.95 | 100.00 | 6,219,694,918 | 119,182.65 | 100.00 |