| | | |
| Security | Change | # Units | Value (Rm) | % Fund | # Units | Value (Rm) | % Fund |
| Absa Group Ltd. | 839 | 98,233 | 17.26 | 1.76 | 97,394 | 17.18 | 1.92 |
| Capitec Bank Holdings Ltd. | 188 | 10,196 | 36.25 | 3.69 | 10,008 | 30.84 | 3.44 |
| FirstRand Ltd. | 8,757 | 603,648 | 46.01 | 4.68 | 594,891 | 42.78 | 4.77 |
| Investec Ltd. | 270 | 29,293 | 3.87 | 0.39 | 29,023 | 3.29 | 0.37 |
| Investec plc | -768 | 43,415 | 5.73 | 0.58 | 44,183 | 4.99 | 0.56 |
| Nedbank Group Ltd. | 465 | 53,974 | 13.18 | 1.34 | 53,509 | 13.71 | 1.53 |
| Standard Bank Group Ltd. | 225 | 155,664 | 35.45 | 3.61 | 155,439 | 37.33 | 4.16 |
| Banks Total | 9,976 | 994,423 | 157.75 | 16.05 | 984,447 | 150.12 | 16.74 |
| Anheuser-Busch InBev SA/NV | 903 | 10,959 | 13.36 | 1.36 | 10,056 | 11.36 | 1.27 |
| Beverages Total | 903 | 10,959 | 13.36 | 1.36 | 10,056 | 11.36 | 1.27 |
| Cash on call | 0 | 0 | 9.31 | 0.95 | 0 | 6.97 | 0.78 |
| Cash on call Total | 0 | 0 | 9.31 | 0.95 | 0 | 6.97 | 0.78 |
| Sasol Ltd. | 1,073 | 69,499 | 5.58 | 0.57 | 68,426 | 5.22 | 0.58 |
| Chemicals Total | 1,073 | 69,499 | 5.58 | 0.57 | 68,426 | 5.22 | 0.58 |
| USA - Currency | 0 | 0 | 0.01 | 0.00 | 0 | 0.01 | 0.00 |
| For Currency Total | 0 | 0 | 0.01 | 0.00 | 0 | 0.01 | 0.00 |
| Foreign - Unit Trusts | 0 | 0 | 123.13 | 12.53 | 0 | 112.79 | 12.58 |
| Foreign Invest Total | 0 | 0 | 123.13 | 12.53 | 0 | 112.79 | 12.58 |
| Mondi plc | 37 | 22,282 | 6.48 | 0.66 | 22,245 | 6.06 | 0.68 |
| The Bidvest Group Ltd. | 384 | 40,265 | 9.47 | 0.96 | 39,881 | 9.39 | 1.05 |
| General Industrials Total | 421 | 62,547 | 15.94 | 1.62 | 62,126 | 15.44 | 1.72 |
| Anglo American plc | -6,138 | 38,354 | 19.97 | 2.03 | 44,492 | 22.94 | 2.56 |
| BHP Group Ltd. | -697 | 18,849 | 8.02 | 0.82 | 19,546 | 8.54 | 0.95 |
| Glencore plc | -65,999 | 0 | 0.00 | 0.00 | 65,999 | 4.42 | 0.49 |
| Industrial Metals and Mining Total | -72,834 | 57,203 | 28.00 | 2.85 | 130,037 | 35.90 | 4.00 |
| Reinet Investments SCA | 146 | 15,776 | 9.07 | 0.92 | 15,630 | 7.01 | 0.78 |
| Remgro Ltd. | 101 | 59,081 | 9.30 | 0.95 | 58,980 | 9.18 | 1.02 |
| Investment Banking and Brokerage Services Total | 247 | 74,857 | 18.38 | 1.87 | 74,610 | 16.18 | 1.80 |
| Discovery Ltd. | 944 | 63,665 | 13.71 | 1.40 | 62,721 | 12.49 | 1.39 |
| Old Mutual Ltd. | -17,203 | 487,653 | 5.85 | 0.60 | 504,856 | 6.03 | 0.67 |
| Sanlam Ltd. | 12,270 | 207,872 | 18.47 | 1.88 | 195,602 | 16.33 | 1.82 |
| Life Insurance Total | -3,989 | 759,190 | 38.03 | 3.87 | 763,179 | 34.84 | 3.89 |
| OUTsurance Group Ltd. | 2,139 | 101,296 | 7.94 | 0.81 | 99,157 | 6.92 | 0.77 |
| Non-life Insurance Total | 2,139 | 101,296 | 7.94 | 0.81 | 99,157 | 6.92 | 0.77 |
| iShares Core MSCI World UCITS ETF | 2,455 | 59,454 | 124.36 | 12.66 | 56,999 | 109.60 | 12.22 |
| Offshore Intern Total | 2,455 | 59,454 | 124.36 | 12.66 | 56,999 | 109.60 | 12.22 |
| Bid Corporation Ltd. | 679 | 39,789 | 18.79 | 1.91 | 39,110 | 17.20 | 1.92 |
| Clicks Group Ltd. | 127 | 28,092 | 10.46 | 1.06 | 27,965 | 9.43 | 1.05 |
| Shoprite Holdings Ltd. | -354 | 55,960 | 15.66 | 1.59 | 56,314 | 15.26 | 1.70 |
| Personal Care, Drug and Grocery Stores Total | 452 | 123,841 | 44.91 | 4.57 | 123,389 | 41.89 | 4.67 |
| Compagnie Financière Richemont SA | -243 | 5,672 | 18.90 | 1.92 | 5,915 | 18.89 | 2.11 |
| Personal Goods Total | -243 | 5,672 | 18.90 | 1.92 | 5,915 | 18.89 | 2.11 |
| Aspen Pharmacare Holdings Ltd. | 412 | 45,886 | 5.49 | 0.56 | 45,474 | 7.39 | 0.82 |
| Pharmaceuticals and Biotechnology Total | 412 | 45,886 | 5.49 | 0.56 | 45,474 | 7.39 | 0.82 |
| AngloGold Ashanti plc | 1,563 | 41,982 | 33.49 | 3.41 | 40,419 | 28.20 | 3.14 |
| Gold Fields Ltd. | 971 | 104,601 | 43.50 | 4.43 | 103,630 | 43.18 | 4.81 |
| Harmony Gold Mining Company Ltd. | -479 | 64,779 | 15.64 | 1.59 | 65,258 | 17.37 | 1.94 |
| Impala Platinum Holdings Ltd. | -1,858 | 92,725 | 14.77 | 1.50 | 94,583 | 12.03 | 1.34 |
| Northam Platinum Holdings Ltd. | 41,877 | 41,877 | 8.10 | 0.82 | 0 | 0.00 | 0.00 |
| Sibanye Stillwater Ltd. | 3,205 | 332,838 | 10.75 | 1.09 | 329,633 | 6.83 | 0.76 |
| Valterra Platinum Ltd. | 4,691 | 15,016 | 11.88 | 1.21 | 10,325 | 7.75 | 0.86 |
| Precious Metals and Mining Total | 49,970 | 693,818 | 138.14 | 14.06 | 643,848 | 115.36 | 12.86 |
| NEPI Rockcastle NV | 265 | 70,159 | 9.51 | 0.97 | 69,894 | 9.26 | 1.03 |
| Real Estate Investment and Services Total | 265 | 70,159 | 9.51 | 0.97 | 69,894 | 9.26 | 1.03 |
| Growthpoint Properties Ltd. | 4,133 | 399,669 | 5.30 | 0.54 | 395,536 | 5.12 | 0.57 |
| Real Estate Investment Trusts Total | 4,133 | 399,669 | 5.30 | 0.54 | 395,536 | 5.12 | 0.57 |
| Mr Price Group Ltd. | 382 | 29,929 | 6.64 | 0.68 | 29,547 | 6.54 | 0.73 |
| Pepkor Holdings Ltd. | 4,376 | 313,815 | 8.56 | 0.87 | 309,439 | 7.93 | 0.88 |
| Woolworths Holdings Ltd. | 952 | 106,642 | 5.54 | 0.56 | 105,690 | 5.47 | 0.61 |
| Retailers Total | 5,710 | 450,386 | 20.74 | 2.11 | 444,676 | 19.94 | 2.22 |
| Naspers Ltd. | -847 | 18,761 | 103.98 | 10.58 | 19,608 | 89.06 | 9.93 |
| Prosus NV | -1,766 | 33,355 | 33.03 | 3.36 | 35,121 | 29.57 | 3.30 |
| Software and Computer Services Total | -2,613 | 52,116 | 137.01 | 13.94 | 54,729 | 118.63 | 13.23 |
| MTN Group Ltd. | 1,968 | 214,225 | 30.26 | 3.08 | 212,257 | 26.31 | 2.93 |
| Vodacom Group Ltd. | 651 | 70,650 | 9.65 | 0.98 | 69,999 | 8.64 | 0.96 |
| Telecommunications Service Providers Total | 2,619 | 284,875 | 39.91 | 4.06 | 282,256 | 34.94 | 3.90 |
| British American Tobacco plc | -1,771 | 24,468 | 20.91 | 2.13 | 26,239 | 20.05 | 2.24 |
| Tobacco Total | -1,771 | 24,468 | 20.91 | 2.13 | 26,239 | 20.05 | 2.24 |
| Portfolio Total | -675 | 4,340,318 | 982.61 | 100.00 | 4,340,993 | 896.85 | 100.00 |