| | | |
| Security | Change | # Units | Value (Rm) | % Fund | # Units | Value (Rm) | % Fund |
| Capitec Bank Holdings Ltd. | -1,500 | 96,315 | 400.27 | 0.17 | 97,815 | 339.32 | 0.14 |
| FirstRand Ltd. | -6,422,800 | 29,584,353 | 2,684.78 | 1.11 | 36,007,153 | 2,801.36 | 1.19 |
| Investec Ltd. | 1,383,625 | 8,549,459 | 1,044.57 | 0.43 | 7,165,834 | 914.79 | 0.39 |
| Investec plc | 683,828 | 6,858,658 | 837.92 | 0.35 | 6,174,830 | 790.87 | 0.34 |
| Nedbank Group Ltd. | -403,092 | 18,303,913 | 4,873.60 | 2.01 | 18,707,005 | 4,011.53 | 1.70 |
| Standard Bank Group Ltd. | -715,974 | 18,975,543 | 5,510.50 | 2.27 | 19,691,517 | 4,667.68 | 1.98 |
| Banks Total | -5,475,913 | 82,368,241 | 15,351.64 | 6.34 | 87,844,154 | 13,525.55 | 5.73 |
| Anheuser-Busch InBev SA/NV | 424,393 | 9,171,169 | 9,817.74 | 4.05 | 8,746,776 | 8,976.99 | 3.80 |
| Beverages Total | 424,393 | 9,171,169 | 9,817.74 | 4.05 | 8,746,776 | 8,976.99 | 3.80 |
| SA Bond BNDS | 0 | 0 | 909.71 | 0.38 | 0 | 0.00 | 0.00 |
| SA Bond COJ08 | -1,000,000 | 83,130,000 | 84.00 | 0.03 | 84,130,000 | 87.58 | 0.04 |
| SA Bond ES33 | -12,000,000 | 770,969,629 | 737.34 | 0.30 | 782,969,629 | 691.50 | 0.29 |
| SA Bond ES42 | -2,000,000 | 148,320,000 | 139.75 | 0.06 | 150,320,000 | 133.74 | 0.06 |
| SA Bond FRB30 | -2,000,000 | 102,850,000 | 104.77 | 0.04 | 104,850,000 | 108.93 | 0.05 |
| SA Bond FRB34 | 0 | 23,500,000 | 24.51 | 0.01 | 23,500,000 | 24.46 | 0.01 |
| SA Bond FRB35 | -104,800,000 | 0 | 0.00 | 0.00 | 104,800,000 | 107.78 | 0.05 |
| SA Bond FRB40 | -3,000,000 | 208,000,000 | 211.04 | 0.09 | 211,000,000 | 214.18 | 0.09 |
| SA Bond FRB43 | -1,000,000 | 80,000,000 | 81.58 | 0.03 | 81,000,000 | 82.38 | 0.03 |
| SA Bond FRBI33 | 0 | 7,950,000 | 22.54 | 0.01 | 7,950,000 | 21.60 | 0.01 |
| SA Bond FRC560 | -52,000,000 | 478,700,000 | 514.95 | 0.21 | 530,700,000 | 544.15 | 0.23 |
| SA Bond FRI38 | 0 | 16,550,000 | 24.54 | 0.01 | 16,550,000 | 22.45 | 0.01 |
| SA Bond FRJ30G | -63,000,000 | 0 | 0.00 | 0.00 | 63,000,000 | 65.14 | 0.03 |
| SA Bond FRX30 | -3,000,000 | 163,810,000 | 185.74 | 0.08 | 166,810,000 | 182.29 | 0.08 |
| SA Bond FRX31 | -9,000,000 | 588,200,000 | 654.23 | 0.27 | 597,200,000 | 644.68 | 0.27 |
| SA Bond FRX32 | -3,000,000 | 201,050,000 | 236.52 | 0.10 | 204,050,000 | 226.72 | 0.10 |
| SA Bond HWAY30 | 0 | 21,700,000 | 24.59 | 0.01 | 21,700,000 | 23.59 | 0.01 |
| SA Bond HWAY34 | -6,000,000 | 395,705,000 | 423.95 | 0.18 | 401,705,000 | 397.31 | 0.17 |
| SA Bond HWAY35 | -2,000,000 | 153,950,000 | 165.03 | 0.07 | 155,950,000 | 153.59 | 0.07 |
| SA Bond I2029 | -171,150,000 | 319,150,000 | 458.67 | 0.19 | 490,300,000 | 686.91 | 0.29 |
| SA Bond INLV13 | 0 | 19,000,000 | 19.48 | 0.01 | 19,000,000 | 19.51 | 0.01 |
| SA Bond INLV16 | -1,000,000 | 48,500,000 | 48.72 | 0.02 | 49,500,000 | 49.71 | 0.02 |
| SA Bond NBK24A | -1,000,000 | 72,000,000 | 77.53 | 0.03 | 73,000,000 | 80.52 | 0.03 |
| SA Bond NBKB73 | -140,400,000 | 0 | 0.00 | 0.00 | 140,400,000 | 144.04 | 0.06 |
| SA Bond NBKB76 | -29,000,000 | 0 | 0.00 | 0.00 | 29,000,000 | 29.27 | 0.01 |
| SA Bond NGL02G | -289,000,000 | 0 | 0.00 | 0.00 | 289,000,000 | 292.63 | 0.12 |
| SA Bond NGT114 | -4,000,000 | 242,300,000 | 247.88 | 0.10 | 246,300,000 | 252.18 | 0.11 |
| SA Bond NI202 | 0 | 15,850,000 | 43.15 | 0.02 | 15,850,000 | 41.33 | 0.02 |
| SA Bond R2030 | -18,850,000 | 288,000,000 | 304.20 | 0.13 | 306,850,000 | 312.03 | 0.13 |
| SA Bond R2032 | -13,000,000 | 816,900,000 | 855.29 | 0.35 | 829,900,000 | 819.11 | 0.35 |
| SA Bond R2033 | -384,000,000 | 765,550,000 | 874.65 | 0.36 | 1,149,550,000 | 1,230.25 | 0.52 |
| SA Bond R2035 | -25,000,000 | 1,641,400,000 | 1,761.16 | 0.73 | 1,666,400,000 | 1,650.39 | 0.70 |
| SA Bond R2037 | -73,000,000 | 4,731,050,000 | 4,872.65 | 2.01 | 4,804,050,000 | 4,496.62 | 1.90 |
| SA Bond R2038 | -7,000,000 | 442,200,000 | 525.82 | 0.22 | 449,200,000 | 487.29 | 0.21 |
| SA Bond R2040 | -154,000,000 | 5,535,150,000 | 5,765.56 | 2.38 | 5,689,150,000 | 5,299.68 | 2.24 |
| SA Bond R2044 | -45,000,000 | 2,876,000,000 | 2,873.35 | 1.19 | 2,921,000,000 | 2,588.37 | 1.10 |
| SA Bond R2048 | -1,000,000 | 41,246,575 | 41.01 | 0.02 | 42,246,575 | 36.87 | 0.02 |
| SA Bond R213 | -17,000,000 | 1,071,750,000 | 1,073.35 | 0.44 | 1,088,750,000 | 1,039.81 | 0.44 |
| SA Bond RN2032 | -91,700,000 | 0 | 0.00 | 0.00 | 91,700,000 | 94.11 | 0.04 |
| SA Bond SBC071 | -6,000,000 | 419,150,000 | 441.20 | 0.18 | 425,150,000 | 441.45 | 0.19 |
| SA Bond SBC072 | -5,000,000 | 290,100,000 | 317.22 | 0.13 | 295,100,000 | 308.91 | 0.13 |
| SA Bond SBC077 | -9,000,000 | 611,600,000 | 673.91 | 0.28 | 620,600,000 | 656.72 | 0.28 |
| SA Bond SBS31 | -1,000,000 | 48,100,000 | 50.02 | 0.02 | 49,100,000 | 52.23 | 0.02 |
| SA Bond SBS39 | -16,000,000 | 1,003,600,000 | 1,131.29 | 0.47 | 1,019,600,000 | 1,103.68 | 0.47 |
| SA Bond SBT105 | -2,000,000 | 156,250,000 | 157.34 | 0.06 | 158,250,000 | 160.42 | 0.07 |
| SA Bond SBT108 | -1,000,000 | 35,850,000 | 37.68 | 0.02 | 36,850,000 | 38.89 | 0.02 |
| SA Bond SBT110 | 0 | 29,900,000 | 30.83 | 0.01 | 29,900,000 | 30.91 | 0.01 |
| SA Bond SBT210 | -188,400,000 | 284,400,000 | 295.31 | 0.12 | 472,800,000 | 489.97 | 0.21 |
| SA Bond SSN210 | 500,000 | 238,650,000 | 337.13 | 0.14 | 238,150,000 | 327.50 | 0.14 |
| SA Bond SSN211 | 400,000 | 137,500,000 | 348.12 | 0.14 | 137,100,000 | 339.99 | 0.14 |
| SA Bond SST201 | -49,000,000 | 0 | 0.00 | 0.00 | 49,000,000 | 49.73 | 0.02 |
| SA Bond SST203 | -117,500,000 | 0 | 0.00 | 0.00 | 117,500,000 | 120.04 | 0.05 |
| SA Bond TNG32 | -202,000,000 | 131,500,000 | 146.81 | 0.06 | 333,500,000 | 342.88 | 0.15 |
| Bond Total | -2,324,900,000 | 25,757,031,204 | 28,354.12 | 11.70 | 28,081,931,204 | 27,846.03 | 11.79 |
| Allan Gray Africa Bond Fund | -12,956 | 835,878 | 3,372.58 | 1.39 | 848,834 | 3,381.50 | 1.43 |
| Bonds Total | -12,956 | 835,878 | 3,372.58 | 1.39 | 848,834 | 3,381.50 | 1.43 |
| Cash on call | 0 | 0 | 10,055.64 | 4.15 | 0 | 13,299.65 | 5.63 |
| Margin Account | 0 | 0 | 971.74 | 0.40 | 0 | 1,004.90 | 0.43 |
| Cash on call Total | 0 | 0 | 11,027.38 | 4.55 | 0 | 14,304.55 | 6.06 |
| Omnia Holdings Ltd. | 51,654 | 5,275,295 | 415.69 | 0.17 | 5,223,641 | 375.11 | 0.16 |
| Sasol Ltd. | 177,798 | 22,558,698 | 2,395.73 | 0.99 | 22,380,900 | 2,408.41 | 1.02 |
| Chemicals Total | 229,452 | 27,833,993 | 2,811.43 | 1.16 | 27,604,541 | 2,783.52 | 1.18 |
| Group Five Ltd. | -2,032,060 | 0 | 0.00 | 0.00 | 2,032,060 | 0.00 | 0.00 |
| Construction & Materials Total | -2,032,060 | 0 | 0.00 | 0.00 | 2,032,060 | 0.00 | 0.00 |
| Basil Read Holdings Ltd. | 0 | 74,041,461 | 0.00 | 0.00 | 74,041,461 | 0.00 | 0.00 |
| Calgro M3 Holdings Ltd. | -6,500 | 419,288 | 2.00 | 0.00 | 425,788 | 2.05 | 0.00 |
| Construction and Materials Total | -6,500 | 74,460,749 | 2.00 | 0.00 | 74,467,249 | 2.05 | 0.00 |
| Equity Derivative | 0 | 0 | -8,424.20 | -3.48 | 0 | -7,708.79 | -3.27 |
| Derivatives Total | 0 | 0 | -8,424.20 | -3.48 | 0 | -7,708.79 | -3.27 |
| Allan Gray Africa Equity Fund Ltd | -105,835 | 97,642 | 485.07 | 0.20 | 203,477 | 1,081.98 | 0.46 |
| Allan Gray Africa ex SA Equity | -15,033 | 600,449 | 3,126.67 | 1.29 | 615,482 | 3,132.81 | 1.33 |
| Allan Gray Frontier Markets Equity Fund Limited | -45,140 | 2,238,031 | 11,297.64 | 4.66 | 2,283,171 | 11,263.39 | 4.77 |
| Orbis SICAV Global Balanced SA Fund | -55,214,603 | 0 | 0.00 | 0.00 | 55,214,603 | 30,285.25 | 12.83 |
| Orbis SICAV International Equity Fund | -277,550 | 17,906,413 | 8,996.12 | 3.71 | 18,183,963 | 9,319.89 | 3.95 |
| Equities Total | -55,658,161 | 20,842,535 | 23,905.50 | 9.87 | 76,500,696 | 55,083.31 | 23.33 |
| Exchange Traded Funds | -82,700 | 5,333,145 | 3,545.53 | 1.46 | 5,415,845 | 3,308.11 | 1.40 |
| Exchange Traded Funds | -1,652,033 | 8,212,765 | 2,613.06 | 1.08 | 9,864,798 | 2,523.12 | 1.07 |
| Exchange Traded Funds | -2,475,643 | 1,649,920 | 538.14 | 0.22 | 4,125,563 | 1,072.65 | 0.45 |
| Exchange Traded Funds Total | -4,210,376 | 15,195,830 | 6,696.72 | 2.76 | 19,406,206 | 6,903.87 | 2.92 |
| Nutun Ltd. | -34,800 | 2,244,121 | 2.36 | 0.00 | 2,278,921 | 2.28 | 0.00 |
| Finance and Credit Services Total | -34,800 | 2,244,121 | 2.36 | 0.00 | 2,278,921 | 2.28 | 0.00 |
| Astral Foods Ltd. | -12,800 | 824,655 | 219.94 | 0.09 | 837,455 | 172.04 | 0.07 |
| AVI Ltd. | -78,900 | 5,092,513 | 537.26 | 0.22 | 5,171,413 | 509.95 | 0.22 |
| Oceana Group Ltd. | 127,692 | 7,660,111 | 426.97 | 0.18 | 7,532,419 | 380.69 | 0.16 |
| Premier Group Ltd. | -70,900 | 4,572,515 | 766.63 | 0.32 | 4,643,415 | 709.98 | 0.30 |
| Tiger Brands Ltd. | -108,800 | 7,017,994 | 2,569.85 | 1.06 | 7,126,794 | 2,200.47 | 0.93 |
| Food Producers Total | -143,708 | 25,167,788 | 4,520.65 | 1.87 | 25,311,496 | 3,973.13 | 1.68 |
| Foreign - Money Market | 0 | 0 | 369.69 | 0.15 | 0 | 387.14 | 0.16 |
| USA - Currency | 0 | 0 | 248.27 | 0.10 | 0 | 603.96 | 0.26 |
| For Currency Total | 0 | 0 | 617.96 | 0.26 | 0 | 991.10 | 0.42 |
| Foreign - Bonds | 0 | 0 | 135.34 | 0.06 | 0 | 141.91 | 0.06 |
| Foreign - Unit Trust - Bonds | 0 | 0 | 918.28 | 0.38 | 0 | -2,001.98 | -0.85 |
| Foreign - Unit Trusts | 0 | 0 | 10,111.15 | 4.17 | 0 | 9,598.65 | 4.07 |
| Foreign Invest Total | 0 | 0 | 11,164.77 | 4.61 | 0 | 7,738.57 | 3.28 |
| KAP Ltd. | -3,327,600 | 214,681,504 | 412.19 | 0.17 | 218,009,104 | 364.08 | 0.15 |
| Mondi plc | 829,675 | 12,480,077 | 2,540.94 | 1.05 | 11,650,402 | 2,755.55 | 1.17 |
| Mpact Ltd. | -58,000 | 3,740,743 | 84.17 | 0.03 | 3,798,743 | 98.65 | 0.04 |
| General Industrials Total | -2,555,925 | 230,902,324 | 3,037.30 | 1.25 | 233,458,249 | 3,218.28 | 1.36 |
| Life Healthcare Group Holdings Ltd. | 8,151,174 | 53,343,553 | 607.58 | 0.25 | 45,192,379 | 525.59 | 0.22 |
| Health Care Providers Total | 8,151,174 | 53,343,553 | 607.58 | 0.25 | 45,192,379 | 525.59 | 0.22 |
| Sappi Ltd. | -389,492 | 41,634,375 | 1,022.12 | 0.42 | 42,023,867 | 968.65 | 0.41 |
| Industrial Materials Total | -389,492 | 41,634,375 | 1,022.12 | 0.42 | 42,023,867 | 968.65 | 0.41 |
| Evraz Highveld Steel and Vanadium Ltd. | -47,300 | 0 | 0.00 | 0.00 | 47,300 | 0.00 | 0.00 |
| Industrial Metals Total | -47,300 | 0 | 0.00 | 0.00 | 47,300 | 0.00 | 0.00 |
| African Rainbow Minerals Ltd. | -1,293,646 | 3,013,082 | 599.30 | 0.25 | 4,306,728 | 796.87 | 0.34 |
| BHP Group Ltd. | 27,124 | 3,259,023 | 1,652.72 | 0.68 | 3,231,899 | 1,551.15 | 0.66 |
| Glencore plc | 1,367,754 | 70,674,892 | 6,442.02 | 2.66 | 69,307,138 | 5,532.79 | 2.34 |
| Merafe Resources Ltd. | -180,800 | 11,666,142 | 12.72 | 0.01 | 11,846,942 | 12.68 | 0.01 |
| South32 Ltd. | -6,636,710 | 13,111,179 | 515.79 | 0.21 | 19,747,889 | 617.12 | 0.26 |
| Industrial Metals and Mining Total | -6,716,278 | 101,724,318 | 9,222.54 | 3.81 | 108,440,596 | 8,510.61 | 3.60 |
| Adcorp Holdings Ltd. | -69,700 | 4,498,598 | 27.71 | 0.01 | 4,568,298 | 30.56 | 0.01 |
| Industrial Support Services Total | -69,700 | 4,498,598 | 27.71 | 0.01 | 4,568,298 | 30.56 | 0.01 |
| Super Group Ltd. | -335,600 | 21,650,649 | 409.41 | 0.17 | 21,986,249 | 279.45 | 0.12 |
| Industrial Transportation Total | -335,600 | 21,650,649 | 409.41 | 0.17 | 21,986,249 | 279.45 | 0.12 |
| Brait plc | -900,900 | 58,120,810 | 129.61 | 0.05 | 59,021,710 | 125.72 | 0.05 |
| Brait plc | -1,700 | 112,725 | 84.66 | 0.03 | 114,425 | 86.96 | 0.04 |
| Coronation Fund Managers Ltd. | -1,512,160 | 11,768,165 | 550.28 | 0.23 | 13,280,325 | 588.32 | 0.25 |
| JSE Ltd. | -26,600 | 1,718,275 | 246.45 | 0.10 | 1,744,875 | 222.75 | 0.09 |
| Ninety One Ltd. | 1,735,907 | 16,398,746 | 784.02 | 0.32 | 14,662,839 | 667.01 | 0.28 |
| Ninety One plc | -3,614,611 | 4,758,347 | 229.73 | 0.09 | 8,372,958 | 393.11 | 0.17 |
| PSG Financial Services Ltd. | -352,200 | 22,723,233 | 619.21 | 0.26 | 23,075,433 | 526.12 | 0.22 |
| Quilter plc | -156,800 | 10,118,360 | 410.30 | 0.17 | 10,275,160 | 394.57 | 0.17 |
| Reinet Investments SCA | 280,105 | 3,359,121 | 1,948.29 | 0.80 | 3,079,016 | 1,557.27 | 0.66 |
| Remgro Ltd. | -310,000 | 19,999,683 | 3,632.14 | 1.50 | 20,309,683 | 3,420.56 | 1.45 |
| Investment Banking and Brokerage Services Total | -4,858,959 | 149,077,465 | 8,634.69 | 3.56 | 153,936,424 | 7,982.39 | 3.38 |
| Momentum Group Ltd. | -7,001,894 | 34,698,894 | 1,326.89 | 0.55 | 41,700,788 | 1,372.79 | 0.58 |
| Old Mutual Ltd. | -302,900 | 19,540,153 | 291.15 | 0.12 | 19,843,053 | 263.52 | 0.11 |
| Life Insurance Total | -7,304,794 | 54,239,047 | 1,618.03 | 0.67 | 61,543,841 | 1,636.31 | 0.69 |
| eMedia Holdings Ltd. | -8,522,842 | 0 | 0.00 | 0.00 | 8,522,842 | 14.91 | 0.01 |
| Media Total | -8,522,842 | 0 | 0.00 | 0.00 | 8,522,842 | 14.91 | 0.01 |
| JCI Ltd. | -53,687,263 | 0 | 0.00 | 0.00 | 53,687,263 | 0.00 | 0.00 |
| Mining Total | -53,687,263 | 0 | 0.00 | 0.00 | 53,687,263 | 0.00 | 0.00 |
| Money Market - 32 months duration | 0 | 0 | 829.23 | 0.34 | 0 | 0.00 | 0.00 |
| Money Market - 33 months duration | 0 | 0 | 890.27 | 0.37 | 0 | 0.00 | 0.00 |
| Money Market - 34 months duration | 0 | 0 | 244.69 | 0.10 | 0 | 0.00 | 0.00 |
| Money Market Instrument | 0 | 0 | 3,250.62 | 1.34 | 0 | 6,151.86 | 2.61 |
| Money Market Total | 0 | 0 | 5,214.81 | 2.15 | 0 | 6,151.86 | 2.61 |
| Santam Ltd. | -6,500 | 417,324 | 178.39 | 0.07 | 423,824 | 160.15 | 0.07 |
| Non-life Insurance Total | -6,500 | 417,324 | 178.39 | 0.07 | 423,824 | 160.15 | 0.07 |
| Orbis Global Equity | -15,167 | 978,500 | 8,466.38 | 3.49 | 993,667 | 8,587.95 | 3.64 |
| Orbis Optimal SA (EUR) | -120,126 | 7,750,035 | 2,519.42 | 1.04 | 7,870,161 | 2,702.83 | 1.14 |
| Orbis Optimal SA (USD) | 1,477,433 | 22,161,733 | 7,519.48 | 3.10 | 20,684,300 | 7,385.92 | 3.13 |
| Orbis SICAV Emerging Markets Equity | 2,998,635 | 2,998,635 | 2,455.78 | 1.01 | 0 | 2,511.69 | 1.06 |
| Orbis SICAV Global Balanced | 58,695,028 | 58,695,028 | 32,078.63 | 13.24 | 0 | 0.00 | 0.00 |
| Orbis SICAV Japan Equity (Yen) | -41,913 | 2,704,083 | 4,051.27 | 1.67 | 2,745,996 | 4,227.74 | 1.79 |
| Offshore Intern Total | 62,993,890 | 95,288,014 | 57,090.96 | 23.56 | 32,294,124 | 25,416.14 | 10.76 |
| Exxaro Resources Ltd. | 583,967 | 12,697,135 | 2,272.79 | 0.94 | 12,113,168 | 2,183.52 | 0.92 |
| Thungela Resources Ltd. | 2,904,122 | 7,188,844 | 690.13 | 0.28 | 4,284,722 | 374.83 | 0.16 |
| Oil, Gas and Coal Total | 3,488,089 | 19,885,979 | 2,962.92 | 1.22 | 16,397,890 | 2,558.35 | 1.08 |
| Boxer Retail Ltd. | 125,388 | 6,110,171 | 435.96 | 0.18 | 5,984,783 | 414.09 | 0.18 |
| Dis-Chem Pharmacies Ltd. | 4,816,290 | 27,197,306 | 951.91 | 0.39 | 22,381,016 | 735.22 | 0.31 |
| Pick n Pay Stores Ltd. | -356,600 | 23,005,523 | 572.84 | 0.24 | 23,362,123 | 592.00 | 0.25 |
| Shoprite Holdings Ltd. | 431,268 | 681,423 | 184.14 | 0.08 | 250,155 | 68.67 | 0.03 |
| The SPAR Group Ltd. | 572,876 | 8,273,038 | 790.08 | 0.33 | 7,700,162 | 751.30 | 0.32 |
| Personal Care, Drug and Grocery Stores Total | 5,589,222 | 65,267,461 | 2,934.92 | 1.21 | 59,678,239 | 2,561.28 | 1.08 |
| Compagnie Financière Richemont SA | 46,085 | 442,814 | 1,606.10 | 0.66 | 396,729 | 1,298.94 | 0.55 |
| Personal Goods Total | 46,085 | 442,814 | 1,606.10 | 0.66 | 396,729 | 1,298.94 | 0.55 |
| Adcock Ingram Holdings Ltd. | -1,310,620 | 0 | 0.00 | 0.00 | 1,310,620 | 94.05 | 0.04 |
| Aspen Pharmacare Holdings Ltd. | 88,989 | 9,170,579 | 1,071.03 | 0.44 | 9,081,590 | 873.65 | 0.37 |
| Pharmaceuticals and Biotechnology Total | -1,221,631 | 9,170,579 | 1,071.03 | 0.44 | 10,392,210 | 967.70 | 0.41 |
| AngloGold Ashanti plc | -248,778 | 5,104,460 | 7,315.46 | 3.02 | 5,353,238 | 6,509.22 | 2.76 |
| DRDGOLD Ltd. | -154,400 | 9,962,520 | 521.64 | 0.22 | 10,116,920 | 485.71 | 0.21 |
| Gold Fields Ltd. | -223,051 | 4,259,110 | 3,090.88 | 1.28 | 4,482,161 | 3,249.70 | 1.38 |
| Northam Platinum Holdings Ltd. | -1,320,297 | 5,419,572 | 1,826.99 | 0.75 | 6,739,869 | 1,876.78 | 0.79 |
| Pan African Resources plc | -1,011,300 | 65,242,253 | 1,756.97 | 0.73 | 66,253,553 | 1,336.33 | 0.57 |
| Precious Metals and Mining Total | -2,957,826 | 89,987,915 | 14,511.94 | 5.99 | 92,945,741 | 13,457.75 | 5.70 |
| NEPI Rockcastle NV | -18,700 | 1,203,466 | 175.53 | 0.07 | 1,222,166 | 168.66 | 0.07 |
| Real Estate Investment and Services Total | -18,700 | 1,203,466 | 175.53 | 0.07 | 1,222,166 | 168.66 | 0.07 |
| Hyprop Investments Ltd. | -59,300 | 3,828,504 | 218.30 | 0.09 | 3,887,804 | 182.10 | 0.08 |
| Real Estate Investment Trusts Total | -59,300 | 3,828,504 | 218.30 | 0.09 | 3,887,804 | 182.10 | 0.08 |
| Cashbuild Ltd. | -20,900 | 1,346,804 | 181.82 | 0.08 | 1,367,704 | 190.11 | 0.08 |
| Italtile Ltd. | -159,600 | 10,296,769 | 93.19 | 0.04 | 10,456,369 | 99.34 | 0.04 |
| KAL Group Ltd. | -9,400 | 606,065 | 30.30 | 0.01 | 615,465 | 25.70 | 0.01 |
| Mr Price Group Ltd. | 3,964,531 | 9,362,172 | 1,638.19 | 0.68 | 5,397,641 | 1,102.47 | 0.47 |
| Truworths International Ltd. | 1,881,789 | 7,879,480 | 448.58 | 0.19 | 5,997,691 | 329.15 | 0.14 |
| We Buy Cars Holdings Ltd. | 1,589,257 | 1,589,257 | 76.01 | 0.03 | 0 | 0.00 | 0.00 |
| Woolworths Holdings Ltd. | -3,185,576 | 69,243,132 | 3,877.62 | 1.60 | 72,428,708 | 3,636.65 | 1.54 |
| Retailers Total | 4,060,101 | 100,323,679 | 6,345.71 | 2.62 | 96,263,578 | 5,383.41 | 2.28 |
| Naspers Ltd. | 1,621,294 | 1,877,620 | 2,073.85 | 0.86 | 256,326 | 1,618.44 | 0.69 |
| Prosus NV | -493,861 | 6,292,964 | 6,440.97 | 2.66 | 6,786,825 | 8,270.49 | 3.50 |
| Software and Computer Services Total | 1,127,433 | 8,170,584 | 8,514.82 | 3.51 | 7,043,151 | 9,888.94 | 4.19 |
| Blu Label Unlimited Group Ltd. | -704,000 | 45,420,707 | 478.73 | 0.20 | 46,124,707 | 548.42 | 0.23 |
| Cell C Holdings Ltd. | 22,694,492 | 22,694,492 | 646.79 | 0.27 | 0 | 0.00 | 0.00 |
| Telecommunications Service Providers Total | 21,990,492 | 68,115,199 | 1,125.53 | 0.46 | 46,124,707 | 548.42 | 0.23 |
| British American Tobacco plc | -86,400 | 5,574,906 | 5,247.21 | 2.17 | 5,661,306 | 5,178.28 | 2.19 |
| Tobacco Total | -86,400 | 5,574,906 | 5,247.21 | 2.17 | 5,661,306 | 5,178.28 | 2.19 |
| City Lodge Hotels Ltd. | -325,600 | 21,009,394 | 108.83 | 0.04 | 21,334,994 | 86.62 | 0.04 |
| Comair Ltd. | -23,433,280 | 0 | 0.00 | 0.00 | 23,433,280 | 0.00 | 0.00 |
| Southern Sun Ltd. | -745,100 | 48,071,398 | 492.25 | 0.20 | 48,816,498 | 414.94 | 0.18 |
| Spur Corporation Ltd. | -52,400 | 3,383,690 | 129.46 | 0.05 | 3,436,090 | 117.86 | 0.05 |
| Sun International Ltd. | -259,095 | 9,753,435 | 376.97 | 0.16 | 10,012,530 | 405.01 | 0.17 |
| Tsogo Sun Ltd. | -446,900 | 28,833,280 | 201.83 | 0.08 | 29,280,180 | 188.86 | 0.08 |
| Travel and Leisure Total | -25,262,375 | 111,051,197 | 1,309.34 | 0.54 | 136,313,572 | 1,213.28 | 0.51 |
| Portfolio Total | -2,398,475,028 | 27,250,949,458 | 242,307.55 | 100.00 | 29,649,424,486 | 236,105.66 | 100.00 |