| | | |
| Security | Change | # Units | Value (Rm) | % Fund | # Units | Value (Rm) | % Fund |
| Capitec Bank Holdings Ltd. | 0 | 74,294 | 263.82 | 3.84 | 74,294 | 199.16 | 3.14 |
| FirstRand Ltd. | 0 | 1,819,702 | 137.73 | 2.01 | 1,819,702 | 114.46 | 1.80 |
| Standard Bank Group Ltd. | 0 | 550,186 | 125.18 | 1.82 | 550,186 | 116.89 | 1.84 |
| Banks Total | 0 | 2,444,182 | 526.73 | 7.68 | 2,444,182 | 430.51 | 6.78 |
| Cash on call | 0 | 0 | 51.82 | 0.76 | 0 | 189.03 | 2.98 |
| Cash on call Total | 0 | 0 | 51.82 | 0.76 | 0 | 189.03 | 2.98 |
| Meituan Class B | 114,800 | 377,600 | 107.11 | 1.56 | 262,800 | 101.85 | 1.60 |
| Consumer Services Total | 114,800 | 377,600 | 107.11 | 1.56 | 262,800 | 101.85 | 1.60 |
| Alphabet Inc A | 0 | 46,732 | 146.84 | 2.14 | 46,732 | 131.96 | 2.08 |
| Booking Holdings | 0 | 1,945 | 197.89 | 2.88 | 1,945 | 162.60 | 2.56 |
| Proya Cosmetics Co Ltd | -154,200 | 0 | 0.00 | 0.00 | 154,200 | 33.45 | 0.53 |
| Verisk Analytics | 0 | 18,362 | 100.54 | 1.47 | 18,362 | 105.57 | 1.66 |
| Cyclical Goods & Services Total | -154,200 | 67,039 | 445.27 | 6.49 | 221,239 | 433.59 | 6.83 |
| Beiersdorf | 0 | 33,221 | 73.98 | 1.08 | 33,221 | 83.88 | 1.32 |
| Equities Total | 0 | 33,221 | 73.98 | 1.08 | 33,221 | 83.88 | 1.32 |
| NewGold | 0 | 636,350 | 343.93 | 5.01 | 636,350 | 341.53 | 5.38 |
| Exchange Traded Funds Total | 0 | 636,350 | 343.93 | 5.01 | 636,350 | 341.53 | 5.38 |
| London Stock Exchange Group Plc | 0 | 54,375 | 140.83 | 2.05 | 54,375 | 149.64 | 2.36 |
| Moody's Corporation | 0 | 13,678 | 120.13 | 1.75 | 13,678 | 109.16 | 1.72 |
| Financial Services Total | 0 | 68,053 | 260.95 | 3.80 | 68,053 | 258.81 | 4.08 |
| S&P Global Inc | 0 | 7,176 | 66.25 | 0.97 | 7,176 | 64.30 | 1.01 |
| Financials Total | 0 | 7,176 | 66.25 | 0.97 | 7,176 | 64.30 | 1.01 |
| Nestle SA | -18,636 | 51,771 | 91.11 | 1.33 | 70,407 | 137.08 | 2.16 |
| Food & Beverage Total | -18,636 | 51,771 | 91.11 | 1.33 | 70,407 | 137.08 | 2.16 |
| AVI Ltd. | 0 | 441,251 | 41.53 | 0.61 | 441,251 | 36.80 | 0.58 |
| Food Producers Total | 0 | 441,251 | 41.53 | 0.61 | 441,251 | 36.80 | 0.58 |
| European - Currency | 0 | 0 | 0.02 | 0.00 | 0 | 5.61 | 0.09 |
| Foreign - Currency | 0 | 0 | 0.70 | 0.01 | 0 | 0.74 | 0.01 |
| Hong Kong - Currency | 0 | 0 | 0.00 | 0.00 | 0 | 74.14 | 1.17 |
| Switzerland - Currency | 0 | 0 | 0.02 | 0.00 | 0 | 0.00 | 0.00 |
| United Kingdom - Currency | 0 | 0 | 0.02 | 0.00 | 0 | 0.75 | 0.01 |
| USA - Currency | 0 | 0 | 1.82 | 0.03 | 0 | -173.67 | -2.73 |
| For Currency Total | 0 | 0 | 2.59 | 0.04 | 0 | -92.42 | -1.46 |
| Intu Properties Plc | -8,688 | 0 | 0.00 | 0.00 | 8,688 | 95.94 | 1.51 |
| Foreign Property Total | -8,688 | 0 | 0.00 | 0.00 | 8,688 | 95.94 | 1.51 |
| Mondi plc | 0 | 716,360 | 208.52 | 3.04 | 716,360 | 181.65 | 2.86 |
| The Bidvest Group Ltd. | 0 | 548,414 | 128.07 | 1.87 | 548,414 | 118.20 | 1.86 |
| General Industrials Total | 0 | 1,264,774 | 336.58 | 4.90 | 1,264,774 | 299.85 | 4.72 |
| ASML Holding NV | 0 | 13,315 | 188.21 | 2.74 | 13,315 | 157.51 | 2.48 |
| Check Point Software Technologies | 0 | 23,686 | 92.39 | 1.35 | 23,686 | 98.76 | 1.56 |
| Philip Morris International | 0 | 34,861 | 112.47 | 1.64 | 34,861 | 104.27 | 1.64 |
| Goods & Services Total | 0 | 71,862 | 393.07 | 5.73 | 71,862 | 360.53 | 5.68 |
| Edwards Lifescience | 0 | 76,281 | 105.34 | 1.54 | 76,281 | 103.41 | 1.63 |
| Icon Plc | 0 | 30,206 | 77.65 | 1.13 | 30,206 | 88.16 | 1.39 |
| Johnson & Johnson | 0 | 33,041 | 89.22 | 1.30 | 33,041 | 99.90 | 1.57 |
| Healthcare Total | 0 | 139,528 | 272.22 | 3.97 | 139,528 | 291.47 | 4.59 |
| BHP Group Ltd. | 0 | 663,680 | 283.35 | 4.13 | 663,680 | 269.87 | 4.25 |
| Industrial Metals and Mining Total | 0 | 663,680 | 283.35 | 4.13 | 663,680 | 269.87 | 4.25 |
| Remgro Ltd. | 0 | 844,188 | 133.55 | 1.95 | 844,188 | 117.54 | 1.85 |
| Investment Banking and Brokerage Services Total | 0 | 844,188 | 133.55 | 1.95 | 844,188 | 117.54 | 1.85 |
| Nedgroup Investments Corporate Money Market - C25 | -962 | 0 | 0.00 | 0.00 | 962 | 0.00 | 0.00 |
| Money Market Total | -962 | 0 | 0.00 | 0.00 | 962 | 0.00 | 0.00 |
| Santam Ltd. | 0 | 403,019 | 172.49 | 2.51 | 403,019 | 145.12 | 2.29 |
| Non-life Insurance Total | 0 | 403,019 | 172.49 | 2.51 | 403,019 | 145.12 | 2.29 |
| Bid Corporation Ltd. | 71,837 | 526,513 | 246.11 | 3.59 | 454,676 | 196.11 | 3.09 |
| Shoprite Holdings Ltd. | 0 | 860,453 | 238.30 | 3.47 | 860,453 | 215.30 | 3.39 |
| Personal Care, Drug and Grocery Stores Total | 71,837 | 1,386,966 | 484.41 | 7.06 | 1,315,129 | 411.41 | 6.48 |
| Compagnie Financière Richemont SA | 0 | 80,862 | 269.35 | 3.92 | 80,862 | 240.81 | 3.79 |
| Personal Goods Total | 0 | 80,862 | 269.35 | 3.92 | 80,862 | 240.81 | 3.79 |
| Diageo | 0 | 313,157 | 139.41 | 2.03 | 313,157 | 155.59 | 2.45 |
| Visa Inc | 0 | 42,071 | 262.56 | 3.83 | 42,071 | 262.52 | 4.13 |
| Retail Total | 0 | 355,228 | 401.97 | 5.86 | 355,228 | 418.11 | 6.58 |
| Prosus NV | -72,255 | 699,675 | 693.80 | 10.11 | 771,930 | 625.97 | 9.86 |
| Software and Computer Services Total | -72,255 | 699,675 | 693.80 | 10.11 | 771,930 | 625.97 | 9.86 |
| Autodesk Incorporated | 0 | 17,229 | 93.77 | 1.37 | 17,229 | 81.33 | 1.28 |
| Electronic Arts Incorporated | 0 | 37,498 | 104.84 | 1.53 | 37,498 | 101.92 | 1.60 |
| Intuit Incorporated | 8,688 | 8,688 | 121.14 | 1.77 | 0 | 0.00 | 0.00 |
| Microsoft Corporation | 0 | 35,699 | 315.06 | 4.59 | 35,699 | 250.55 | 3.94 |
| Netease.Com | 0 | 53,704 | 128.17 | 1.87 | 53,704 | 100.21 | 1.58 |
| Taiwan Semiconductor Manufacturing Co Ltd | 0 | 43,643 | 174.93 | 2.55 | 43,643 | 121.80 | 1.92 |
| Verisign Incorporated | 0 | 14,371 | 73.47 | 1.07 | 14,371 | 68.31 | 1.08 |
| Technology Total | 8,688 | 210,832 | 1,011.38 | 14.74 | 202,144 | 724.11 | 11.40 |
| British American Tobacco plc | 0 | 401,099 | 337.24 | 4.91 | 401,099 | 310.29 | 4.89 |
| Tobacco Total | 0 | 401,099 | 337.24 | 4.91 | 401,099 | 310.29 | 4.89 |
| Famous Brands Ltd. | 0 | 986,056 | 61.83 | 0.90 | 986,056 | 55.22 | 0.87 |
| Travel and Leisure Total | 0 | 986,056 | 61.83 | 0.90 | 986,056 | 55.22 | 0.87 |
| Portfolio Total | -59,416 | 11,634,412 | 6,862.54 | 100.00 | 11,693,828 | 6,351.20 | 100.00 |