| | | |
| Security | Change | # Units | Value (Rm) | % Fund | # Units | Value (Rm) | % Fund |
| Investec plc | -460,980 | 0 | 0.00 | 0.00 | 460,980 | 58.41 | 1.00 |
| Nedbank Group Ltd. | -1,285 | 288,555 | 74.23 | 1.29 | 289,840 | 81.65 | 1.40 |
| Standard Bank Group Ltd. | 103,907 | 594,779 | 142.40 | 2.47 | 490,872 | 108.86 | 1.87 |
| Banks Total | -358,358 | 883,334 | 216.63 | 3.76 | 1,241,692 | 248.91 | 4.28 |
| Anheuser-Busch InBev SA/NV | -19,920 | 116,133 | 131.30 | 2.28 | 136,053 | 127.61 | 2.19 |
| Beverages Total | -19,920 | 116,133 | 131.30 | 2.28 | 136,053 | 127.61 | 2.19 |
| SA Bond BNDS | 0 | 0 | 226.88 | 3.94 | 0 | 268.43 | 4.61 |
| SA Bond R214 | 137,600,000 | 812,890,000 | 529.09 | 9.19 | 675,290,000 | 465.79 | 8.01 |
| Bond Total | 137,600,000 | 812,890,000 | 755.97 | 13.14 | 675,290,000 | 734.22 | 12.62 |
| Cash on call | 0 | 0 | -14.46 | -0.25 | 0 | 152.99 | 2.63 |
| Cash on call Total | 0 | 0 | -14.46 | -0.25 | 0 | 152.99 | 2.63 |
| Egerton Capital Equity Fund | -48,648 | 0 | 0.00 | 0.00 | 48,648 | 122.81 | 2.11 |
| Select Equity Offshore USD Smaller Companies Fund | -311,175 | 0 | 0.00 | 0.00 | 311,175 | 79.05 | 1.36 |
| Equities Total | -359,823 | 0 | 0.00 | 0.00 | 359,823 | 201.86 | 3.47 |
| Foreign - Currency | 0 | 0 | 296.59 | 5.15 | 0 | 185.18 | 3.18 |
| For Currency Total | 0 | 0 | 296.59 | 5.15 | 0 | 185.18 | 3.18 |
| Foreign - Bonds | 0 | 0 | 314.18 | 5.46 | 0 | 392.76 | 6.75 |
| Foreign - Equities | 0 | 0 | 1,567.17 | 27.23 | 0 | 0.00 | 0.00 |
| Foreign - Unit Trusts | 0 | 0 | 0.00 | 0.00 | 0 | 1,234.74 | 21.22 |
| Foreign Invest Total | 0 | 0 | 1,881.35 | 32.69 | 0 | 1,627.50 | 27.98 |
| Foreign - Property | 0 | 0 | 44.92 | 0.78 | 0 | 35.66 | 0.61 |
| Foreign Property Total | 0 | 0 | 44.92 | 0.78 | 0 | 35.66 | 0.61 |
| Equity | 0 | 0 | 1,212.20 | 21.07 | 0 | 1,267.27 | 21.78 |
| General Equity Total | 0 | 0 | 1,212.20 | 21.07 | 0 | 1,267.27 | 21.78 |
| Mondi plc | -74,425 | 240,391 | 65.43 | 1.14 | 314,816 | 87.36 | 1.50 |
| General Industrials Total | -74,425 | 240,391 | 65.43 | 1.14 | 314,816 | 87.36 | 1.50 |
| Quilter plc | -100,709 | 2,754,383 | 96.27 | 1.67 | 2,855,092 | 101.53 | 1.75 |
| Investment Banking and Brokerage Services Total | -100,709 | 2,754,383 | 96.27 | 1.67 | 2,855,092 | 101.53 | 1.75 |
| Contrarius Global Equity | -414,003 | 0 | 0.00 | 0.00 | 414,003 | 99.03 | 1.70 |
| Offshore Intern Total | -414,003 | 0 | 0.00 | 0.00 | 414,003 | 99.03 | 1.70 |
| Bid Corporation Ltd. | 164,862 | 164,862 | 72.45 | 1.26 | 0 | 0.00 | 0.00 |
| Dis-Chem Pharmacies Ltd. | -2,105,705 | 0 | 0.00 | 0.00 | 2,105,705 | 76.02 | 1.31 |
| Personal Care, Drug and Grocery Stores Total | -1,940,843 | 164,862 | 72.45 | 1.26 | 2,105,705 | 76.02 | 1.31 |
| AngloGold Ashanti plc | 154,774 | 154,774 | 106.30 | 1.85 | 0 | 0.00 | 0.00 |
| Northam Platinum Holdings Ltd. | 537,720 | 537,720 | 70.40 | 1.22 | 0 | 0.00 | 0.00 |
| Precious Metals and Mining Total | 692,494 | 692,494 | 176.70 | 3.07 | 0 | 0.00 | 0.00 |
| Property positions individually less than 1% of fund | 0 | 0 | 160.12 | 2.78 | 0 | 172.41 | 2.96 |
| Real Estate Total | 0 | 0 | 160.12 | 2.78 | 0 | 172.41 | 2.96 |
| NEPI Rockcastle NV | -140,645 | 441,125 | 61.22 | 1.06 | 581,770 | 80.28 | 1.38 |
| Real Estate Investment and Services Total | -140,645 | 441,125 | 61.22 | 1.06 | 581,770 | 80.28 | 1.38 |
| Attacq Ltd. | -24,789 | 9,070,881 | 117.92 | 2.05 | 9,095,670 | 126.16 | 2.17 |
| Hammerson plc | -78,602 | 1,083,465 | 63.42 | 1.10 | 1,162,067 | 77.51 | 1.33 |
| Real Estate Investment Trusts Total | -103,391 | 10,154,346 | 181.34 | 3.15 | 10,257,737 | 203.67 | 3.50 |
| Naspers Ltd. | 1,966 | 41,335 | 186.75 | 3.25 | 39,369 | 164.29 | 2.82 |
| Prosus NV | -63,076 | 273,035 | 229.79 | 3.99 | 336,111 | 251.76 | 4.33 |
| Software and Computer Services Total | -61,110 | 314,370 | 416.54 | 7.24 | 375,480 | 416.05 | 7.15 |
| Portfolio Total | 134,719,267 | 828,651,438 | 5,754.57 | 100.00 | 693,932,171 | 5,817.56 | 100.00 |