| | | |
| Security | Change | # Units | Value (Rm) | % Fund | # Units | Value (Rm) | % Fund |
| Capitec Bank Holdings Ltd. | 18,661 | 18,661 | 66.26 | 1.08 | 0 | 0.00 | 0.00 |
| Nedbank Group Ltd. | 31,408 | 319,963 | 77.77 | 1.27 | 288,555 | 74.23 | 1.29 |
| Standard Bank Group Ltd. | 146,234 | 741,013 | 168.60 | 2.75 | 594,779 | 142.40 | 2.47 |
| Banks Total | 196,303 | 1,079,637 | 312.63 | 5.10 | 883,334 | 216.63 | 3.76 |
| Anheuser-Busch InBev SA/NV | -35,831 | 80,302 | 97.86 | 1.60 | 116,133 | 131.30 | 2.28 |
| Beverages Total | -35,831 | 80,302 | 97.86 | 1.60 | 116,133 | 131.30 | 2.28 |
| SA Bond BNDS | 0 | 0 | 226.28 | 3.69 | 0 | 226.88 | 3.94 |
| SA Bond I2033 | 55,000,000 | 55,000,000 | 71.18 | 1.16 | 0 | 0.00 | 0.00 |
| SA Bond R214 | -215,772,832 | 597,117,168 | 416.65 | 6.80 | 812,890,000 | 529.09 | 9.19 |
| Bond Total | -160,772,832 | 652,117,168 | 714.11 | 11.65 | 812,890,000 | 755.97 | 13.14 |
| Cash on call | 0 | 0 | -96.49 | -1.57 | 0 | -14.46 | -0.25 |
| Cash on call Total | 0 | 0 | -96.49 | -1.57 | 0 | -14.46 | -0.25 |
| Egerton Capital Equity Fund | 47,223 | 47,223 | 136.06 | 2.22 | 0 | 0.00 | 0.00 |
| Equities Total | 47,223 | 47,223 | 136.06 | 2.22 | 0 | 0.00 | 0.00 |
| Foreign - Currency | 0 | 0 | 311.73 | 5.09 | 0 | 296.59 | 5.15 |
| For Currency Total | 0 | 0 | 311.73 | 5.09 | 0 | 296.59 | 5.15 |
| Foreign - Bonds | 0 | 0 | 319.53 | 5.21 | 0 | 314.18 | 5.46 |
| Foreign - Equities | 0 | 0 | 1,616.72 | 26.38 | 0 | 1,567.17 | 27.23 |
| Foreign Invest Total | 0 | 0 | 1,936.25 | 31.60 | 0 | 1,881.35 | 32.69 |
| Foreign - Property | 0 | 0 | 41.96 | 0.68 | 0 | 44.92 | 0.78 |
| Foreign Property Total | 0 | 0 | 41.96 | 0.68 | 0 | 44.92 | 0.78 |
| Equity | 0 | 0 | 1,084.03 | 17.69 | 0 | 1,212.20 | 21.07 |
| General Equity Total | 0 | 0 | 1,084.03 | 17.69 | 0 | 1,212.20 | 21.07 |
| Mondi plc | -3,696 | 236,695 | 68.90 | 1.12 | 240,391 | 65.43 | 1.14 |
| General Industrials Total | -3,696 | 236,695 | 68.90 | 1.12 | 240,391 | 65.43 | 1.14 |
| Quilter plc | 421,208 | 3,175,591 | 120.74 | 1.97 | 2,754,383 | 96.27 | 1.67 |
| Investment Banking and Brokerage Services Total | 421,208 | 3,175,591 | 120.74 | 1.97 | 2,754,383 | 96.27 | 1.67 |
| Contrarius Global Equity | 424,710 | 424,710 | 105.71 | 1.73 | 0 | 0.00 | 0.00 |
| Offshore Intern Total | 424,710 | 424,710 | 105.71 | 1.73 | 0 | 0.00 | 0.00 |
| Bid Corporation Ltd. | -164,862 | 0 | 0.00 | 0.00 | 164,862 | 72.45 | 1.26 |
| Shoprite Holdings Ltd. | 222,990 | 222,990 | 61.76 | 1.01 | 0 | 0.00 | 0.00 |
| Personal Care, Drug and Grocery Stores Total | 58,128 | 222,990 | 61.76 | 1.01 | 164,862 | 72.45 | 1.26 |
| AngloGold Ashanti plc | -66,412 | 88,362 | 70.77 | 1.15 | 154,774 | 106.30 | 1.85 |
| Northam Platinum Holdings Ltd. | -122,608 | 415,112 | 79.58 | 1.30 | 537,720 | 70.40 | 1.22 |
| Precious Metals and Mining Total | -189,020 | 503,474 | 150.35 | 2.45 | 692,494 | 176.70 | 3.07 |
| Property positions individually less than 1% of fund | 0 | 0 | 211.42 | 3.45 | 0 | 160.12 | 2.78 |
| Real Estate Total | 0 | 0 | 211.42 | 3.45 | 0 | 160.12 | 2.78 |
| NEPI Rockcastle NV | 272,113 | 713,238 | 96.25 | 1.57 | 441,125 | 61.22 | 1.06 |
| Real Estate Investment and Services Total | 272,113 | 713,238 | 96.25 | 1.57 | 441,125 | 61.22 | 1.06 |
| Attacq Ltd. | -1,035,976 | 8,034,905 | 112.97 | 1.84 | 9,070,881 | 117.92 | 2.05 |
| Hammerson plc | -24,123 | 1,059,342 | 78.67 | 1.28 | 1,083,465 | 63.42 | 1.10 |
| Real Estate Investment Trusts Total | -1,060,099 | 9,094,247 | 191.64 | 3.13 | 10,154,346 | 181.34 | 3.15 |
| Pepkor Holdings Ltd. | 2,459,067 | 2,459,067 | 66.96 | 1.09 | 0 | 0.00 | 0.00 |
| We Buy Cars Holdings Ltd. | 1,107,675 | 1,107,675 | 66.35 | 1.08 | 0 | 0.00 | 0.00 |
| Retailers Total | 3,566,742 | 3,566,742 | 133.31 | 2.18 | 0 | 0.00 | 0.00 |
| Naspers Ltd. | -1,839 | 39,496 | 217.84 | 3.55 | 41,335 | 186.75 | 3.25 |
| Prosus NV | -39,268 | 233,767 | 231.81 | 3.78 | 273,035 | 229.79 | 3.99 |
| Software and Computer Services Total | -41,107 | 273,263 | 449.64 | 7.34 | 314,370 | 416.54 | 7.24 |
| Portfolio Total | -157,116,158 | 671,535,280 | 6,127.85 | 100.00 | 828,651,438 | 5,754.57 | 100.00 |