| | | |
| Security | Change | # Units | Value (Rm) | % Fund | # Units | Value (Rm) | % Fund |
| Capitec Bank Holdings Ltd. | -1,475 | 14,725 | 44.90 | 5.80 | 16,200 | 42.42 | 6.54 |
| Nedbank Group Ltd. | 19,130 | 132,130 | 39.69 | 5.13 | 113,000 | 28.90 | 4.46 |
| Standard Bank Group Ltd. | 97,540 | 97,540 | 23.69 | 3.06 | 0 | 0.00 | 0.00 |
| Banks Total | 115,195 | 244,395 | 108.28 | 14.00 | 129,200 | 71.32 | 11.00 |
| EOG Resources | 990 | 6,000 | 12.64 | 1.63 | 5,010 | 11.35 | 1.75 |
| Basic Resources Total | 990 | 6,000 | 12.64 | 1.63 | 5,010 | 11.35 | 1.75 |
| SA Bond ASN037 | 0 | 500,000 | 1.29 | 0.17 | 500,000 | 1.24 | 0.19 |
| SA Bond CLN454 | 0 | 1,000,000 | 1.80 | 0.23 | 1,000,000 | 1.77 | 0.27 |
| SA Bond EL28 | 0 | 500,000 | 0.87 | 0.11 | 500,000 | 0.85 | 0.13 |
| SA Bond EL31 | 0 | 400,000 | 0.55 | 0.07 | 400,000 | 0.53 | 0.08 |
| SA Bond ES33 | 0 | 4,713,000 | 3.90 | 0.50 | 4,713,000 | 3.63 | 0.56 |
| SA Bond FRC501 | 0 | 1,000,000 | 1.28 | 0.17 | 1,000,000 | 1.23 | 0.19 |
| SA Bond FRS137 | 0 | 455,000 | 1.06 | 0.14 | 455,000 | 1.05 | 0.16 |
| SA Bond I2038 | 0 | 5,000,000 | 6.96 | 0.90 | 5,000,000 | 6.72 | 1.04 |
| SA Bond R2030 | 0 | 500,000 | 0.49 | 0.06 | 500,000 | 0.48 | 0.07 |
| SA Bond R2032 | 0 | 9,900,000 | 9.29 | 1.20 | 9,900,000 | 8.86 | 1.37 |
| SA Bond R2035 | -5,450,000 | 26,990,000 | 25.20 | 3.26 | 32,440,000 | 28.49 | 4.39 |
| SA Bond R2037 | -5,000,000 | 25,205,000 | 22.27 | 2.88 | 30,205,000 | 24.87 | 3.84 |
| SA Bond R2040 | 0 | 7,530,000 | 6.71 | 0.87 | 7,530,000 | 6.23 | 0.96 |
| SA Bond R2044 | 0 | 8,900,000 | 7.62 | 0.98 | 8,900,000 | 7.02 | 1.08 |
| SA Bond R209 | 4,900,000 | 4,900,000 | 3.62 | 0.47 | 0 | 0.00 | 0.00 |
| SA Bond R213 | -8,000,000 | 19,300,000 | 17.44 | 2.25 | 27,300,000 | 23.57 | 3.63 |
| SA Bond SBSI14 | 400,000 | 1,410,558 | 3.69 | 0.48 | 1,010,558 | 2.55 | 0.39 |
| SA Bond TN30 | 0 | 1,300,000 | 1.35 | 0.17 | 1,300,000 | 1.25 | 0.19 |
| Bond Total | -13,150,000 | 119,503,558 | 115.39 | 14.91 | 132,653,558 | 120.33 | 18.55 |
| Cash on call | 0 | 0 | 14.76 | 1.91 | 0 | 2.73 | 0.42 |
| Margin Account | 0 | 0 | 7.63 | 0.99 | 0 | 5.16 | 0.80 |
| Cash on call Total | 0 | 0 | 22.39 | 2.89 | 0 | 7.89 | 1.22 |
| Lowes Companies | 532 | 1,978 | 9.09 | 1.18 | 1,446 | 5.78 | 0.89 |
| Construction Total | 532 | 1,978 | 9.09 | 1.18 | 1,446 | 5.78 | 0.89 |
| Howden Joinery Group PLC | 1,900 | 94,500 | 19.76 | 2.55 | 92,600 | 18.67 | 2.88 |
| Cyclical Goods & Services Total | 1,900 | 94,500 | 19.76 | 2.55 | 92,600 | 18.67 | 2.88 |
| Equity Derivative | 0 | 0 | -0.79 | -0.10 | 0 | 0.00 | 0.00 |
| Derivatives Total | 0 | 0 | -0.79 | -0.10 | 0 | 0.00 | 0.00 |
| Capital & Regional PLC | 0 | 744,111 | 10.97 | 1.42 | 744,111 | 10.38 | 1.60 |
| Equities Total | 0 | 744,111 | 10.97 | 1.42 | 744,111 | 10.38 | 1.60 |
| Derwent London | 7,625 | 41,640 | 23.30 | 3.01 | 34,015 | 17.67 | 2.73 |
| EXOR S.p.A | 2,240 | 12,274 | 22.54 | 2.91 | 10,034 | 19.17 | 2.96 |
| Interactive Brokers Group | 0 | 5,240 | 12.40 | 1.60 | 5,240 | 11.72 | 1.81 |
| Financial Services Total | 9,865 | 59,154 | 58.24 | 7.53 | 49,289 | 48.57 | 7.49 |
| Australia - Currency | 0 | 0 | 0.02 | 0.00 | 0 | 0.00 | 0.00 |
| European - Currency | 0 | 0 | 0.04 | 0.01 | 0 | 0.04 | 0.01 |
| Hong Kong - Currency | 0 | 0 | 0.12 | 0.02 | 0 | 0.01 | 0.00 |
| Japan - Currency | 0 | 0 | 0.05 | 0.01 | 0 | 0.05 | 0.01 |
| Switzerland - Currency | 0 | 0 | 0.02 | 0.00 | 0 | 0.02 | 0.00 |
| United Kingdom - Currency | 0 | 0 | 0.51 | 0.07 | 0 | 0.05 | 0.01 |
| USA - Currency | 0 | 0 | 2.02 | 0.26 | 0 | 2.62 | 0.40 |
| For Currency Total | 0 | 0 | 2.78 | 0.36 | 0 | 2.79 | 0.43 |
| Foreign - Equities | 0 | 0 | 3.04 | 0.39 | 0 | 3.06 | 0.47 |
| Foreign Invest Total | 0 | 0 | 3.04 | 0.39 | 0 | 3.06 | 0.47 |
| NewRiver Retail Ltd | 26,731 | 381,752 | 7.15 | 0.92 | 355,021 | 6.36 | 0.98 |
| Unibail-Rodamco | 3,653 | 29,245 | 43.85 | 5.67 | 25,592 | 36.68 | 5.66 |
| Foreign Property Total | 30,384 | 410,997 | 51.00 | 6.59 | 380,613 | 43.03 | 6.64 |
| ASML Holding NV | 518 | 518 | 7.46 | 0.96 | 0 | 0.00 | 0.00 |
| Lam Research Corporation | 243 | 991 | 14.13 | 1.83 | 748 | 14.39 | 2.22 |
| Goods & Services Total | 761 | 1,509 | 21.60 | 2.79 | 748 | 14.39 | 2.22 |
| Afrimat Ltd. | 7,500 | 475,344 | 32.26 | 4.17 | 467,844 | 33.35 | 5.14 |
| Industrial Metals and Mining Total | 7,500 | 475,344 | 32.26 | 4.17 | 467,844 | 33.35 | 5.14 |
| Hudaco Industries Ltd. | 1,000 | 104,150 | 20.21 | 2.61 | 103,150 | 17.44 | 2.69 |
| Industrial Support Services Total | 1,000 | 104,150 | 20.21 | 2.61 | 103,150 | 17.44 | 2.69 |
| AIA Group Limited | 20,900 | 165,900 | 25.62 | 3.31 | 145,000 | 17.90 | 2.76 |
| Berkshire Hathaway Inc | 0 | 560 | 4.41 | 0.57 | 560 | 4.16 | 0.64 |
| Markel Corporation | 0 | 180 | 4.86 | 0.63 | 180 | 5.17 | 0.80 |
| Insurance Total | 20,900 | 166,640 | 34.89 | 4.51 | 145,740 | 27.23 | 4.20 |
| Money Market Instrument | 0 | 0 | 0.00 | 0.00 | 0 | 0.04 | 0.01 |
| Granate BCI Money Market - C | 531 | 24,081 | 0.02 | 0.00 | 23,550 | 0.02 | 0.00 |
| Money Market Total | 531 | 24,081 | 0.02 | 0.00 | 23,550 | 0.06 | 0.01 |
| OUTsurance Group Ltd. | 38,100 | 486,100 | 28.70 | 3.71 | 448,000 | 20.69 | 3.19 |
| Santam Ltd. | 16,950 | 28,650 | 10.50 | 1.36 | 11,700 | 3.77 | 0.58 |
| Non-life Insurance Total | 55,050 | 514,750 | 39.20 | 5.07 | 459,700 | 24.46 | 3.77 |
| Shoprite Holdings Ltd. | 0 | 84,700 | 24.76 | 3.20 | 84,700 | 24.08 | 3.71 |
| Personal Care, Drug and Grocery Stores Total | 0 | 84,700 | 24.76 | 3.20 | 84,700 | 24.08 | 3.71 |
| Growthpoint Properties Ltd. | 167,737 | 1,971,037 | 27.59 | 3.57 | 1,803,300 | 21.97 | 3.39 |
| SA Corporate Real Estate Ltd. | 310,000 | 7,815,000 | 24.46 | 3.16 | 7,505,000 | 19.44 | 3.00 |
| Real Estate Investment Trusts Total | 477,737 | 9,786,037 | 52.06 | 6.73 | 9,308,300 | 41.41 | 6.39 |
| CA Sales Holdings Ltd. | 0 | 698,670 | 10.31 | 1.33 | 698,670 | 8.70 | 1.34 |
| KAL Group Ltd. | 0 | 392,400 | 19.93 | 2.58 | 392,400 | 18.80 | 2.90 |
| Mr Price Group Ltd. | 12,900 | 101,900 | 27.51 | 3.56 | 89,000 | 18.19 | 2.81 |
| Retailers Total | 12,900 | 1,192,970 | 57.75 | 7.46 | 1,180,070 | 45.69 | 7.05 |
| Applied Materials Incorporated | 684 | 4,469 | 15.76 | 2.04 | 3,785 | 16.01 | 2.47 |
| Micron Technology | 330 | 3,050 | 5.64 | 0.73 | 2,720 | 6.54 | 1.01 |
| Microsoft Corporation | 95 | 1,072 | 7.90 | 1.02 | 977 | 8.05 | 1.24 |
| Taiwan Semiconductors | 815 | 13,262 | 40.73 | 5.26 | 12,447 | 38.96 | 6.01 |
| Tokyo Electron Ltd | 0 | 305 | 0.94 | 0.12 | 305 | 1.21 | 0.19 |
| Technology Total | 1,924 | 22,158 | 70.97 | 9.17 | 20,234 | 70.77 | 10.91 |
| British American Tobacco plc | 0 | 11,200 | 7.21 | 0.93 | 11,200 | 6.45 | 0.99 |
| Tobacco Total | 0 | 11,200 | 7.21 | 0.93 | 11,200 | 6.45 | 0.99 |
| Portfolio Total | -12,412,831 | 133,448,232 | 773.73 | 100.00 | 145,861,063 | 648.50 | 100.00 |