| | | |
| Security | Change | # Units | Value (Rm) | % Fund | # Units | Value (Rm) | % Fund |
| Auto1 Group SE | -476,540 | 3,184,085 | 1,855.08 | 1.30 | 3,660,625 | 2,054.18 | 1.51 |
| Auto Total | -476,540 | 3,184,085 | 1,855.08 | 1.30 | 3,660,625 | 2,054.18 | 1.51 |
| Capitec Bank Holdings Ltd. | -19,854 | 849,015 | 2,949.48 | 2.06 | 868,869 | 3,085.32 | 2.27 |
| FirstRand Ltd. | -25,591,025 | 0 | 0.00 | 0.00 | 25,591,025 | 1,936.98 | 1.42 |
| Standard Bank Group Ltd. | -463,466 | 11,805,301 | 2,790.66 | 1.95 | 12,268,767 | 2,791.51 | 2.05 |
| Banks Total | -26,074,345 | 12,654,316 | 5,740.13 | 4.02 | 38,728,661 | 7,813.82 | 5.74 |
| SA Bond BNDS | 224,500,000 | 224,500,000 | 6,784.38 | 4.75 | 0 | 6,607.87 | 4.85 |
| SA Bond I2033 | 1,234,941,859 | 3,959,601,859 | 5,299.07 | 3.71 | 2,724,660,000 | 3,526.16 | 2.59 |
| SA Bond R2035 | 0 | 2,773,897,000 | 2,745.42 | 1.92 | 2,773,897,000 | 2,673.06 | 1.96 |
| SA Bond R2037 | 0 | 2,451,400,000 | 2,291.08 | 1.60 | 2,451,400,000 | 2,220.35 | 1.63 |
| Bond Total | 1,459,441,859 | 9,409,398,859 | 17,119.96 | 11.98 | 7,949,957,000 | 15,027.44 | 11.03 |
| Cash on call | 0 | 0 | 6,460.41 | 4.52 | 0 | 7,137.14 | 5.24 |
| Cash on call Total | 0 | 0 | 6,460.41 | 4.52 | 0 | 7,137.14 | 5.24 |
| ADvTECH Ltd. | -130,008 | 46,466,231 | 1,462.76 | 1.02 | 46,596,239 | 1,524.16 | 1.12 |
| Consumer Services Total | -130,008 | 46,466,231 | 1,462.76 | 1.02 | 46,596,239 | 1,524.16 | 1.12 |
| Equity Derivative | 0 | 0 | 0.00 | 0.00 | 0 | 0.00 | 0.00 |
| Derivatives Total | 0 | 0 | 0.00 | 0.00 | 0 | 0.00 | 0.00 |
| Egerton Capital Equity Fund | 23,743 | 1,297,152 | 3,797.33 | 2.66 | 1,273,409 | 3,669.01 | 2.69 |
| Equities Total | 23,743 | 1,297,152 | 3,797.33 | 2.66 | 1,273,409 | 3,669.01 | 2.69 |
| ST James Place | -6,132,217 | 0 | 0.00 | 0.00 | 6,132,217 | 1,775.66 | 1.30 |
| Financial Services Total | -6,132,217 | 0 | 0.00 | 0.00 | 6,132,217 | 1,775.66 | 1.30 |
| Foreign - Currency | 0 | 0 | 5,131.11 | 3.59 | 0 | 5,112.28 | 3.75 |
| For Currency Total | 0 | 0 | 5,131.11 | 3.59 | 0 | 5,112.28 | 3.75 |
| Foreign - Bonds | 0 | 0 | 9,134.48 | 6.39 | 0 | 8,849.56 | 6.50 |
| Foreign - Equities | 0 | 0 | 38,973.81 | 27.27 | 0 | 37,824.44 | 27.77 |
| Foreign Invest Total | 0 | 0 | 48,108.29 | 33.66 | 0 | 46,674.00 | 34.27 |
| Foreign - Property | 0 | 0 | 223.08 | 0.16 | 0 | 0.01 | 0.00 |
| Hammerson Plc | 22,174,191 | 22,174,191 | 1,512.88 | 1.06 | 0 | 0.00 | 0.00 |
| Foreign Property Total | 22,174,191 | 22,174,191 | 1,735.95 | 1.21 | 0 | 0.01 | 0.00 |
| Equity | 0 | 0 | 0.00 | 0.00 | 0 | 18,499.65 | 13.58 |
| General Equity Total | 0 | 0 | 0.00 | 0.00 | 0 | 18,499.65 | 13.58 |
| Mondi plc | -5,857,057 | 0 | 0.00 | 0.00 | 5,857,057 | 1,704.87 | 1.25 |
| General Industrials Total | -5,857,057 | 0 | 0.00 | 0.00 | 5,857,057 | 1,704.87 | 1.25 |
| Anglo American plc | 1,099,519 | 1,099,519 | 17,595.28 | 12.31 | 0 | 0.00 | 0.00 |
| Industrial Metals and Mining Total | 1,099,519 | 1,099,519 | 17,595.28 | 12.31 | 0 | 0.00 | 0.00 |
| Contrarius Global Equity Fund - Institutional Class | 3,689 | 3,689 | 3,689.71 | 2.58 | 0 | 0.00 | 0.00 |
| Offshore Intern Total | 3,689 | 3,689 | 3,689.71 | 2.58 | 0 | 0.00 | 0.00 |
| Bid Corporation Ltd. | 129,039 | 3,345,183 | 1,445.96 | 1.01 | 3,216,144 | 1,503.32 | 1.10 |
| Dis-Chem Pharmacies Ltd. | -7,068,373 | 47,759,082 | 1,563.63 | 1.09 | 54,827,455 | 1,770.93 | 1.30 |
| Personal Care, Drug and Grocery Stores Total | -6,939,334 | 51,104,265 | 3,009.59 | 2.11 | 58,043,599 | 3,274.25 | 2.40 |
| Compagnie Financière Richemont SA | 138,643 | 730,019 | 2,386.62 | 1.67 | 591,376 | 1,969.87 | 1.45 |
| Personal Goods Total | 138,643 | 730,019 | 2,386.62 | 1.67 | 591,376 | 1,969.87 | 1.45 |
| AngloGold Ashanti plc | 2,119,749 | 2,119,749 | 2,572.38 | 1.80 | 0 | 0.00 | 0.00 |
| Gold Fields Ltd. | 2,887,811 | 2,887,811 | 2,105.47 | 1.47 | 0 | 0.00 | 0.00 |
| Northam Platinum Holdings Ltd. | -1,869,683 | 9,428,007 | 2,649.27 | 1.85 | 11,297,690 | 2,165.88 | 1.59 |
| Precious Metals and Mining Total | 3,137,877 | 14,435,567 | 7,327.12 | 5.13 | 11,297,690 | 2,165.88 | 1.59 |
| Property positions individually less than 1% of fund | 0 | 0 | 0.00 | 0.00 | 0 | 5,556.02 | 4.08 |
| Real Estate Total | 0 | 0 | 0.00 | 0.00 | 0 | 5,556.02 | 4.08 |
| NEPI Rockcastle NV | 2,127,470 | 16,400,768 | 2,363.03 | 1.65 | 14,273,298 | 1,926.18 | 1.41 |
| Real Estate Investment and Services Total | 2,127,470 | 16,400,768 | 2,363.03 | 1.65 | 14,273,298 | 1,926.18 | 1.41 |
| Attacq Ltd. | 58,534,008 | 58,534,008 | 4,682.71 | 3.28 | 0 | 0.00 | 0.00 |
| Real Estate Investment Trusts Total | 58,534,008 | 58,534,008 | 4,682.71 | 3.28 | 0 | 0.00 | 0.00 |
| We Buy Cars Holdings Ltd. | -3,257,377 | 35,287,835 | 1,954.24 | 1.37 | 38,545,212 | 2,308.86 | 1.70 |
| Retailers Total | -3,257,377 | 35,287,835 | 1,954.24 | 1.37 | 38,545,212 | 2,308.86 | 1.70 |
| Naspers Ltd. | -92,177 | 1,004,493 | 6,282.78 | 4.40 | 1,096,670 | 6,048.55 | 4.44 |
| Prosus NV | -140,380 | 1,836,978 | 2,224.05 | 1.56 | 1,977,358 | 1,960.77 | 1.44 |
| Software and Computer Services Total | -232,557 | 2,841,471 | 8,506.83 | 5.95 | 3,074,028 | 8,009.32 | 5.88 |
| Portfolio Total | 1,497,581,564 | 9,675,611,975 | 142,926.15 | 100.00 | 8,178,030,411 | 136,202.60 | 100.00 |