| | | |
| Security | Change | # Units | Value (Rm) | % Fund | # Units | Value (Rm) | % Fund |
| Absa Group Ltd. | -147,723 | 328,285 | 59.37 | 0.11 | 476,008 | 83.63 | 0.16 |
| Capitec Bank Holdings Ltd. | 0 | 27,929 | 96.89 | 0.18 | 27,929 | 99.46 | 0.19 |
| FirstRand Ltd. | 2,653,802 | 12,044,906 | 937.09 | 1.71 | 9,391,104 | 713.16 | 1.38 |
| Investec Ltd. | 0 | 2,632,141 | 336.02 | 0.61 | 2,632,141 | 348.52 | 0.67 |
| Investec plc | 0 | 2,537,502 | 325.00 | 0.59 | 2,537,502 | 335.38 | 0.65 |
| Nedbank Group Ltd. | 299,845 | 4,812,704 | 1,032.04 | 1.88 | 4,512,859 | 1,102.00 | 2.13 |
| Standard Bank Group Ltd. | -84,216 | 6,172,336 | 1,463.09 | 2.66 | 6,256,552 | 1,425.68 | 2.75 |
| Banks Total | 2,721,708 | 28,555,803 | 4,249.50 | 7.73 | 25,834,095 | 4,107.83 | 7.94 |
| Anheuser-Busch InBev SA/NV | 540,252 | 2,637,560 | 2,706.98 | 4.93 | 2,097,308 | 2,540.39 | 4.91 |
| Beverages Total | 540,252 | 2,637,560 | 2,706.98 | 4.93 | 2,097,308 | 2,540.39 | 4.91 |
| Cash on call | 0 | 0 | 1,218.56 | 2.22 | 0 | 2,401.43 | 4.64 |
| Margin Account | 0 | 0 | 16.60 | 0.03 | 0 | 17.68 | 0.03 |
| Cash on call Total | 0 | 0 | 1,235.16 | 2.25 | 0 | 2,419.11 | 4.67 |
| AECI Ltd. | 0 | 640,334 | 62.30 | 0.11 | 640,334 | 68.07 | 0.13 |
| Omnia Holdings Ltd. | 0 | 1,368,556 | 98.28 | 0.18 | 1,368,556 | 108.49 | 0.21 |
| Sasol Ltd. | -106,620 | 6,258,654 | 673.49 | 1.23 | 6,365,274 | 506.48 | 0.98 |
| Chemicals Total | -106,620 | 8,267,544 | 834.07 | 1.52 | 8,374,164 | 683.04 | 1.32 |
| Group Five Ltd. | 0 | 1,769,085 | 0.00 | 0.00 | 1,769,085 | 0.00 | 0.00 |
| Construction & Materials Total | 0 | 1,769,085 | 0.00 | 0.00 | 1,769,085 | 0.00 | 0.00 |
| Basil Read Holdings Ltd. | 0 | 56,177,618 | 0.00 | 0.00 | 56,177,618 | 0.00 | 0.00 |
| Construction and Materials Total | 0 | 56,177,618 | 0.00 | 0.00 | 56,177,618 | 0.00 | 0.00 |
| ADvTECH Ltd. | 97,607 | 3,425,923 | 107.78 | 0.20 | 3,328,316 | 108.20 | 0.21 |
| Consumer Services Total | 97,607 | 3,425,923 | 107.78 | 0.20 | 3,328,316 | 108.20 | 0.21 |
| Allan Gray Africa ex SA Equity | 0 | 198,555 | 1,010.65 | 1.84 | 198,555 | 846.54 | 1.64 |
| Allan Gray Frontier Markets Equity Fund Limited | 0 | 664,392 | 3,277.59 | 5.96 | 664,392 | 3,045.64 | 5.88 |
| Orbis SICAV International Equity Fund | 0 | 13,127,925 | 6,403.88 | 11.65 | 13,127,925 | 5,819.41 | 11.24 |
| Equities Total | 0 | 13,990,872 | 10,692.12 | 19.46 | 13,990,872 | 9,711.59 | 18.77 |
| 1nvestPlatinum ETF | -590,433 | 0 | 0.00 | 0.00 | 590,433 | 138.00 | 0.27 |
| Exchange Traded Funds Total | -590,433 | 0 | 0.00 | 0.00 | 590,433 | 138.00 | 0.27 |
| Nutun Ltd. | 0 | 616,935 | 0.62 | 0.00 | 616,935 | 0.86 | 0.00 |
| Finance and Credit Services Total | 0 | 616,935 | 0.62 | 0.00 | 616,935 | 0.86 | 0.00 |
| Astral Foods Ltd. | 0 | 309,371 | 63.55 | 0.12 | 309,371 | 55.16 | 0.11 |
| AVI Ltd. | 0 | 921,869 | 90.91 | 0.17 | 921,869 | 87.36 | 0.17 |
| Libstar Holdings Ltd. | 7,500,398 | 12,973,727 | 62.14 | 0.11 | 5,473,329 | 17.35 | 0.03 |
| Oceana Group Ltd. | 223,960 | 2,196,536 | 111.01 | 0.20 | 1,972,576 | 103.56 | 0.20 |
| Premier Group Ltd. | 0 | 1,337,810 | 204.55 | 0.37 | 1,337,810 | 188.63 | 0.36 |
| Tiger Brands Ltd. | 0 | 1,489,791 | 459.99 | 0.84 | 1,489,791 | 476.81 | 0.92 |
| Food Producers Total | 7,724,358 | 19,229,104 | 992.16 | 1.81 | 11,504,746 | 928.87 | 1.79 |
| USA - Currency | 0 | 0 | 198.04 | 0.36 | 0 | 56.35 | 0.11 |
| For Currency Total | 0 | 0 | 198.04 | 0.36 | 0 | 56.35 | 0.11 |
| Foreign - Unit Trust - Bonds | -14,534 | -14,534 | -252.56 | -0.46 | 0 | 0.00 | 0.00 |
| Foreign - Unit Trusts | 1,118,826 | 1,118,826 | 2,655.42 | 4.83 | 0 | 2,564.55 | 4.96 |
| Foreign Invest Total | 1,104,292 | 1,104,292 | 2,402.86 | 4.37 | 0 | 2,564.55 | 4.96 |
| KAP Ltd. | 0 | 77,268,853 | 129.04 | 0.23 | 77,268,853 | 154.54 | 0.30 |
| Mondi plc | 722,843 | 4,226,785 | 999.72 | 1.82 | 3,503,942 | 1,021.96 | 1.97 |
| Mpact Ltd. | -126,308 | 727,612 | 18.90 | 0.03 | 853,920 | 21.77 | 0.04 |
| General Industrials Total | 596,535 | 82,223,250 | 1,147.65 | 2.09 | 81,626,715 | 1,198.27 | 2.32 |
| Life Healthcare Group Holdings Ltd. | 2,950,147 | 24,322,206 | 282.87 | 0.51 | 21,372,059 | 305.19 | 0.59 |
| Health Care Providers Total | 2,950,147 | 24,322,206 | 282.87 | 0.51 | 21,372,059 | 305.19 | 0.59 |
| Sappi Ltd. | 0 | 12,484,283 | 287.76 | 0.52 | 12,484,283 | 372.66 | 0.72 |
| Industrial Materials Total | 0 | 12,484,283 | 287.76 | 0.52 | 12,484,283 | 372.66 | 0.72 |
| Evraz Highveld Steel and Vanadium Ltd. | 0 | 54,460 | 0.00 | 0.00 | 54,460 | 0.00 | 0.00 |
| Industrial Metals Total | 0 | 54,460 | 0.00 | 0.00 | 54,460 | 0.00 | 0.00 |
| African Rainbow Minerals Ltd. | -298,747 | 1,318,841 | 244.03 | 0.44 | 1,617,588 | 276.98 | 0.54 |
| BHP Group Ltd. | 44,188 | 910,946 | 437.21 | 0.80 | 866,758 | 368.45 | 0.71 |
| Glencore plc | 5,374,353 | 18,922,309 | 1,510.57 | 2.75 | 13,547,956 | 935.35 | 1.81 |
| Merafe Resources Ltd. | 0 | 8,210,972 | 8.79 | 0.02 | 8,210,972 | 10.76 | 0.02 |
| South32 Ltd. | 0 | 4,930,307 | 154.07 | 0.28 | 4,930,307 | 167.29 | 0.32 |
| Industrial Metals and Mining Total | 5,119,794 | 34,293,375 | 2,354.66 | 4.28 | 29,173,581 | 1,758.82 | 3.40 |
| Adcorp Holdings Ltd. | 0 | 2,462,585 | 16.47 | 0.03 | 2,462,585 | 17.46 | 0.03 |
| Industrial Support Services Total | 0 | 2,462,585 | 16.47 | 0.03 | 2,462,585 | 17.46 | 0.03 |
| Super Group Ltd. | 0 | 9,972,929 | 126.76 | 0.23 | 9,972,929 | 157.97 | 0.31 |
| Industrial Transportation Total | 0 | 9,972,929 | 126.76 | 0.23 | 9,972,929 | 157.97 | 0.31 |
| Brait plc | 0 | 16,779,916 | 35.74 | 0.07 | 16,779,916 | 37.59 | 0.07 |
| Brait plc | 0 | 23,848 | 18.12 | 0.03 | 23,848 | 18.84 | 0.04 |
| Coronation Fund Managers Ltd. | -836,561 | 3,179,508 | 140.85 | 0.26 | 4,016,069 | 158.27 | 0.31 |
| JSE Ltd. | -56,037 | 542,951 | 69.31 | 0.13 | 598,988 | 79.62 | 0.15 |
| Ninety One Ltd. | 637,511 | 4,992,180 | 227.09 | 0.41 | 4,354,669 | 189.60 | 0.37 |
| Ninety One plc | -621,733 | 3,882,559 | 182.29 | 0.33 | 4,504,292 | 201.03 | 0.39 |
| PSG Financial Services Ltd. | -1,079,511 | 6,150,621 | 140.23 | 0.26 | 7,230,132 | 159.35 | 0.31 |
| Quilter plc | 0 | 1,776,073 | 68.20 | 0.12 | 1,776,073 | 67.21 | 0.13 |
| Reinet Investments SCA | -84,143 | 794,994 | 402.08 | 0.73 | 879,137 | 508.53 | 0.98 |
| Remgro Ltd. | 25,252 | 6,732,650 | 1,133.91 | 2.06 | 6,707,398 | 1,053.13 | 2.03 |
| Investment Banking and Brokerage Services Total | -2,015,222 | 44,855,300 | 2,417.84 | 4.40 | 46,870,522 | 2,473.17 | 4.78 |
| Momentum Group Ltd. | 0 | 11,268,238 | 370.95 | 0.68 | 11,268,238 | 387.29 | 0.75 |
| Old Mutual Ltd. | -471,238 | 0 | 0.00 | 0.00 | 471,238 | 5.68 | 0.01 |
| Life Insurance Total | -471,238 | 11,268,238 | 370.95 | 0.68 | 11,739,476 | 392.97 | 0.76 |
| eMedia Holdings Ltd. | 1,863,128 | 1,863,128 | 3.26 | 0.01 | 0 | 0.00 | 0.00 |
| Media Total | 1,863,128 | 1,863,128 | 3.26 | 0.01 | 0 | 0.00 | 0.00 |
| JCI Ltd. | 0 | 157,804,033 | 0.00 | 0.00 | 157,804,033 | 0.00 | 0.00 |
| Mining Total | 0 | 157,804,033 | 0.00 | 0.00 | 157,804,033 | 0.00 | 0.00 |
| Santam Ltd. | 0 | 108,315 | 40.93 | 0.07 | 108,315 | 46.28 | 0.09 |
| Non-life Insurance Total | 0 | 108,315 | 40.93 | 0.07 | 108,315 | 46.28 | 0.09 |
| Orbis Global Equity | 11,978 | 1,098,123 | 9,215.02 | 16.77 | 1,086,145 | 8,562.82 | 16.55 |
| Orbis SICAV Emerging Markets Equity | 0 | 187,318 | 148.48 | 0.27 | 187,318 | 135.37 | 0.26 |
| Orbis SICAV Japan Equity (Euro) | 12,304,038 | 13,127,924 | 1,251.02 | 2.28 | 823,886 | 1,200.30 | 2.32 |
| Offshore Intern Total | 12,316,016 | 14,413,365 | 10,614.53 | 19.31 | 2,097,349 | 9,898.49 | 19.13 |
| Exxaro Resources Ltd. | 69,989 | 3,044,215 | 548.75 | 1.00 | 2,974,226 | 436.02 | 0.84 |
| Thungela Resources Ltd. | 274,853 | 1,441,199 | 126.08 | 0.23 | 1,166,346 | 98.31 | 0.19 |
| Oil, Gas and Coal Total | 344,842 | 4,485,414 | 674.83 | 1.23 | 4,140,572 | 534.33 | 1.03 |
| Boxer Retail Ltd. | 319,473 | 2,024,053 | 140.04 | 0.25 | 1,704,580 | 117.36 | 0.23 |
| Dis-Chem Pharmacies Ltd. | 10,043,010 | 10,043,010 | 329.91 | 0.60 | 0 | 0.00 | 0.00 |
| Pick n Pay Stores Ltd. | 0 | 7,476,741 | 189.46 | 0.34 | 7,476,741 | 200.60 | 0.39 |
| The SPAR Group Ltd. | 128,721 | 3,084,413 | 300.95 | 0.55 | 2,955,692 | 318.98 | 0.62 |
| Personal Care, Drug and Grocery Stores Total | 10,491,204 | 22,628,217 | 960.36 | 1.75 | 12,137,013 | 636.94 | 1.23 |
| Compagnie Financière Richemont SA | 24,336 | 136,830 | 448.00 | 0.82 | 112,494 | 372.82 | 0.72 |
| Personal Goods Total | 24,336 | 136,830 | 448.00 | 0.82 | 112,494 | 372.82 | 0.72 |
| Adcock Ingram Holdings Ltd. | 0 | 809,130 | 58.06 | 0.11 | 809,130 | 40.97 | 0.08 |
| Aspen Pharmacare Holdings Ltd. | 502,214 | 3,039,006 | 292.35 | 0.53 | 2,536,792 | 302.61 | 0.58 |
| Pharmaceuticals and Biotechnology Total | 502,214 | 3,848,136 | 350.42 | 0.64 | 3,345,922 | 343.59 | 0.66 |
| AngloGold Ashanti plc | 0 | 1,580,025 | 1,921.22 | 3.50 | 1,580,025 | 1,252.11 | 2.42 |
| DRDGOLD Ltd. | -54,247 | 4,288,102 | 205.87 | 0.37 | 4,342,349 | 102.52 | 0.20 |
| Gold Fields Ltd. | -69,190 | 1,429,250 | 1,036.25 | 1.89 | 1,498,440 | 622.65 | 1.20 |
| Northam Platinum Holdings Ltd. | -694,753 | 2,115,572 | 589.10 | 1.07 | 2,810,325 | 543.74 | 1.05 |
| Pan African Resources plc | -4,264,607 | 16,891,954 | 340.71 | 0.62 | 21,156,561 | 232.30 | 0.45 |
| Precious Metals and Mining Total | -5,082,797 | 26,304,903 | 4,093.15 | 7.45 | 31,387,700 | 2,753.32 | 5.32 |
| NEPI Rockcastle NV | 0 | 507,703 | 70.06 | 0.13 | 507,703 | 68.62 | 0.13 |
| Real Estate Investment and Services Total | 0 | 507,703 | 70.06 | 0.13 | 507,703 | 68.62 | 0.13 |
| Hyprop Investments Ltd. | 0 | 1,453,797 | 68.10 | 0.12 | 1,453,797 | 61.71 | 0.12 |
| Real Estate Investment Trusts Total | 0 | 1,453,797 | 68.10 | 0.12 | 1,453,797 | 61.71 | 0.12 |
| Cashbuild Ltd. | 0 | 450,941 | 62.68 | 0.11 | 450,941 | 69.22 | 0.13 |
| Italtile Ltd. | 0 | 4,080,329 | 38.76 | 0.07 | 4,080,329 | 40.84 | 0.08 |
| KAL Group Ltd. | 0 | 169,992 | 7.10 | 0.01 | 169,992 | 7.15 | 0.01 |
| Mr Price Group Ltd. | 1,706,871 | 1,706,871 | 348.63 | 0.63 | 0 | 0.00 | 0.00 |
| Pepkor Holdings Ltd. | -1,310,728 | 0 | 0.00 | 0.00 | 1,310,728 | 35.77 | 0.07 |
| The Foschini Group Ltd. | 698,277 | 698,277 | 76.80 | 0.14 | 0 | 0.00 | 0.00 |
| Truworths International Ltd. | 1,566,285 | 1,566,285 | 85.96 | 0.16 | 0 | 0.00 | 0.00 |
| Woolworths Holdings Ltd. | 1,267,139 | 22,420,043 | 1,125.71 | 2.05 | 21,152,904 | 1,098.89 | 2.12 |
| Retailers Total | 3,927,844 | 31,092,738 | 1,745.63 | 3.18 | 27,164,894 | 1,251.87 | 2.42 |
| Naspers Ltd. | -3,377 | 77,781 | 491.11 | 0.89 | 81,158 | 447.86 | 0.87 |
| Prosus NV | -66,575 | 2,101,613 | 2,561.05 | 4.66 | 2,168,188 | 2,141.97 | 4.14 |
| Software and Computer Services Total | -69,952 | 2,179,394 | 3,052.16 | 5.55 | 2,249,346 | 2,589.84 | 5.00 |
| Blu Label Unlimited Group Ltd. | -911,513 | 15,711,664 | 186.81 | 0.34 | 16,623,177 | 236.55 | 0.46 |
| MultiChoice Group Ltd. | -2,461,497 | 0 | 0.00 | 0.00 | 2,461,497 | 288.09 | 0.56 |
| Telecommunications Service Providers Total | -3,373,010 | 15,711,664 | 186.81 | 0.34 | 19,084,674 | 524.64 | 1.01 |
| British American Tobacco plc | -686,916 | 1,903,129 | 1,740.75 | 3.17 | 2,590,045 | 2,169.19 | 4.19 |
| Tobacco Total | -686,916 | 1,903,129 | 1,740.75 | 3.17 | 2,590,045 | 2,169.19 | 4.19 |
| City Lodge Hotels Ltd. | 0 | 3,388,030 | 13.76 | 0.03 | 3,388,030 | 13.21 | 0.03 |
| Comair Ltd. | 0 | 22,984,377 | 0.00 | 0.00 | 22,984,377 | 0.00 | 0.00 |
| Southern Sun Ltd. | 0 | 10,275,927 | 87.35 | 0.16 | 10,275,927 | 89.91 | 0.17 |
| Spur Corporation Ltd. | 0 | 3,472,901 | 119.12 | 0.22 | 3,472,901 | 118.63 | 0.23 |
| Sun International Ltd. | -1,178,659 | 4,235,583 | 171.33 | 0.31 | 5,414,242 | 236.44 | 0.46 |
| Tsogo Sun Ltd. | 0 | 14,042,269 | 90.57 | 0.16 | 14,042,269 | 107.99 | 0.21 |
| Travel and Leisure Total | -1,178,659 | 58,399,087 | 482.12 | 0.88 | 59,577,746 | 566.19 | 1.09 |
| Portfolio Total | 36,749,430 | 700,551,215 | 54,955.35 | 100.00 | 663,801,785 | 51,753.14 | 100.00 |