| | | |
| Security | Change | # Units | Value (Rm) | % Fund | # Units | Value (Rm) | % Fund |
| Absa Group Ltd. | 945,021 | 6,039,035 | 1,061.06 | 8.53 | 5,094,014 | 898.58 | 9.53 |
| Capitec Bank Holdings Ltd. | 44,789 | 44,789 | 159.26 | 1.28 | 0 | 0.00 | 0.00 |
| FirstRand Ltd. | -29,066 | 6,032,065 | 459.76 | 3.70 | 6,061,131 | 435.92 | 4.63 |
| Investec Ltd. | -1,842,491 | 0 | 0.00 | 0.00 | 1,842,491 | 208.86 | 2.22 |
| Investec plc | -522,953 | 0 | 0.00 | 0.00 | 522,953 | 59.04 | 0.63 |
| Nedbank Group Ltd. | -453,808 | 0 | 0.00 | 0.00 | 453,808 | 116.27 | 1.23 |
| Standard Bank Group Ltd. | 278,392 | 1,924,567 | 438.24 | 3.52 | 1,646,175 | 395.36 | 4.20 |
| Banks Total | -1,580,116 | 14,040,456 | 2,118.33 | 17.03 | 15,620,572 | 2,114.04 | 22.43 |
| Anheuser-Busch InBev SA/NV | -195,489 | 346,339 | 422.16 | 3.39 | 541,828 | 612.04 | 6.49 |
| Beverages Total | -195,489 | 346,339 | 422.16 | 3.39 | 541,828 | 612.04 | 6.49 |
| Cash on call | 0 | 0 | 390.89 | 3.14 | 0 | 367.12 | 3.90 |
| Cash on call Total | 0 | 0 | 390.89 | 3.14 | 0 | 367.12 | 3.90 |
| AECI Ltd. | 248,200 | 1,572,872 | 166.96 | 1.34 | 1,324,672 | 129.22 | 1.37 |
| Omnia Holdings Ltd. | 541,711 | 541,711 | 43.05 | 0.35 | 0 | 0.00 | 0.00 |
| Sasol Ltd. | 749,805 | 1,011,468 | 81.25 | 0.65 | 261,663 | 19.96 | 0.21 |
| Chemicals Total | 1,539,716 | 3,126,051 | 291.26 | 2.34 | 1,586,335 | 149.18 | 1.58 |
| Raubex Group Ltd. | 618,696 | 618,696 | 27.67 | 0.22 | 0 | 0.00 | 0.00 |
| Construction and Materials Total | 618,696 | 618,696 | 27.67 | 0.22 | 0 | 0.00 | 0.00 |
| Nutun Ltd. | 14,461,915 | 28,927,497 | 40.50 | 0.33 | 14,465,582 | 30.38 | 0.32 |
| Finance and Credit Services Total | 14,461,915 | 28,927,497 | 40.50 | 0.33 | 14,465,582 | 30.38 | 0.32 |
| Astral Foods Ltd. | 0 | 114,640 | 20.60 | 0.17 | 114,640 | 18.92 | 0.20 |
| AVI Ltd. | 35,413 | 447,610 | 42.22 | 0.34 | 412,197 | 36.79 | 0.39 |
| Rainbow Chicken Ltd. | 0 | 564,275 | 2.33 | 0.02 | 564,275 | 1.96 | 0.02 |
| RCL Foods Ltd. | 0 | 396,029 | 4.34 | 0.03 | 396,029 | 3.80 | 0.04 |
| Food Producers Total | 35,413 | 1,522,554 | 69.49 | 0.56 | 1,487,141 | 61.47 | 0.65 |
| Barloworld Ltd. | 366,166 | 1,357,851 | 150.54 | 1.21 | 991,685 | 105.58 | 1.12 |
| The Bidvest Group Ltd. | 592,166 | 753,612 | 177.17 | 1.42 | 161,446 | 38.00 | 0.40 |
| General Industrials Total | 958,332 | 2,111,463 | 327.72 | 2.63 | 1,153,131 | 143.58 | 1.52 |
| African Rainbow Minerals Ltd. | 317,503 | 1,510,647 | 259.94 | 2.09 | 1,193,144 | 177.00 | 1.88 |
| Anglo American plc | 109,995 | 597,193 | 310.96 | 2.50 | 487,198 | 251.10 | 2.66 |
| BHP Group Ltd. | -105,298 | 0 | 0.00 | 0.00 | 105,298 | 46.03 | 0.49 |
| Glencore plc | 4,285,180 | 9,080,522 | 630.10 | 5.06 | 4,795,342 | 320.95 | 3.41 |
| Kumba Iron Ore Ltd. | -164,231 | 318,683 | 90.97 | 0.73 | 482,914 | 150.68 | 1.60 |
| Industrial Metals and Mining Total | 4,443,149 | 11,507,045 | 1,291.96 | 10.38 | 7,063,896 | 945.77 | 10.04 |
| Grindrod Ltd. | 2,181,157 | 18,809,376 | 236.62 | 1.90 | 16,628,219 | 202.70 | 2.15 |
| Industrial Transportation Total | 2,181,157 | 18,809,376 | 236.62 | 1.90 | 16,628,219 | 202.70 | 2.15 |
| Hosken Consolidated Investments Ltd. | 43,273 | 108,291 | 13.93 | 0.11 | 65,018 | 8.76 | 0.09 |
| Reinet Investments SCA | -26,167 | 93,501 | 53.77 | 0.43 | 119,668 | 53.64 | 0.57 |
| Remgro Ltd. | -751,177 | 1,960,516 | 308.76 | 2.48 | 2,711,693 | 422.02 | 4.48 |
| Investment Banking and Brokerage Services Total | -734,071 | 2,162,308 | 376.47 | 3.03 | 2,896,379 | 484.42 | 5.14 |
| Discovery Ltd. | 174,312 | 1,525,851 | 328.64 | 2.64 | 1,351,539 | 269.09 | 2.86 |
| Momentum Group Ltd. | -474,302 | 1,196,509 | 41.12 | 0.33 | 1,670,811 | 52.91 | 0.56 |
| Sanlam Ltd. | -406,687 | 1,367,589 | 121.50 | 0.98 | 1,774,276 | 148.12 | 1.57 |
| Life Insurance Total | -706,677 | 4,089,949 | 491.26 | 3.95 | 4,796,626 | 470.12 | 4.99 |
| Money Market Instrument | 0 | 0 | -0.29 | 0.00 | 0 | 0.00 | 0.00 |
| Money Market Total | 0 | 0 | -0.29 | 0.00 | 0 | 0.00 | 0.00 |
| Bid Corporation Ltd. | 71,812 | 528,648 | 249.63 | 2.01 | 456,836 | 200.93 | 2.13 |
| Clicks Group Ltd. | -14,562 | 331,789 | 123.54 | 0.99 | 346,351 | 116.80 | 1.24 |
| Dis-Chem Pharmacies Ltd. | -1,010,843 | 0 | 0.00 | 0.00 | 1,010,843 | 30.91 | 0.33 |
| Shoprite Holdings Ltd. | -316,763 | 0 | 0.00 | 0.00 | 316,763 | 85.85 | 0.91 |
| The SPAR Group Ltd. | 140,951 | 1,546,054 | 166.63 | 1.34 | 1,405,103 | 167.25 | 1.77 |
| Personal Care, Drug and Grocery Stores Total | -1,129,405 | 2,406,491 | 539.80 | 4.34 | 3,535,896 | 601.75 | 6.38 |
| Aspen Pharmacare Holdings Ltd. | 630,921 | 630,921 | 75.43 | 0.61 | 0 | 0.00 | 0.00 |
| Pharmaceuticals and Biotechnology Total | 630,921 | 630,921 | 75.43 | 0.61 | 0 | 0.00 | 0.00 |
| AngloGold Ashanti plc | 203,981 | 921,019 | 734.61 | 5.90 | 717,038 | 500.31 | 5.31 |
| DRDGOLD Ltd. | 741,662 | 1,776,580 | 41.79 | 0.34 | 1,034,918 | 29.25 | 0.31 |
| Gold Fields Ltd. | 194,082 | 955,146 | 397.22 | 3.19 | 761,064 | 317.14 | 3.37 |
| Harmony Gold Mining Company Ltd. | 97,009 | 97,009 | 23.42 | 0.19 | 0 | 0.00 | 0.00 |
| Northam Platinum Holdings Ltd. | 2,054,081 | 2,054,081 | 397.40 | 3.19 | 0 | 0.00 | 0.00 |
| Sibanye Stillwater Ltd. | 1,123,402 | 1,123,402 | 36.29 | 0.29 | 0 | 0.00 | 0.00 |
| Valterra Platinum Ltd. | -26,301 | 0 | 0.00 | 0.00 | 26,301 | 19.74 | 0.21 |
| Precious Metals and Mining Total | 4,387,916 | 6,927,237 | 1,630.72 | 13.11 | 2,539,321 | 866.43 | 9.19 |
| MAS plc | 144,427 | 881,806 | 21.49 | 0.17 | 737,379 | 13.36 | 0.14 |
| NEPI Rockcastle NV | -972,945 | 2,049,698 | 277.80 | 2.23 | 3,022,643 | 400.26 | 4.25 |
| Real Estate Investment and Services Total | -828,518 | 2,931,504 | 299.29 | 2.41 | 3,760,022 | 413.62 | 4.39 |
| Spear REIT Ltd. | 7,956,610 | 16,313,991 | 166.40 | 1.34 | 8,357,381 | 80.82 | 0.86 |
| Real Estate Investment Trusts Total | 7,956,610 | 16,313,991 | 166.40 | 1.34 | 8,357,381 | 80.82 | 0.86 |
| Mr Price Group Ltd. | 184,936 | 760,675 | 168.66 | 1.36 | 575,739 | 127.51 | 1.35 |
| Pepkor Holdings Ltd. | 6,262,072 | 7,168,559 | 195.56 | 1.57 | 906,487 | 23.22 | 0.25 |
| The Foschini Group Ltd. | 567,303 | 567,303 | 73.09 | 0.59 | 0 | 0.00 | 0.00 |
| Truworths International Ltd. | 35,012 | 1,486,291 | 105.87 | 0.85 | 1,451,279 | 105.60 | 1.12 |
| Retailers Total | 7,049,323 | 9,982,828 | 543.17 | 4.37 | 2,933,505 | 256.33 | 2.72 |
| Naspers Ltd. | 5,084 | 118,547 | 657.01 | 5.28 | 113,463 | 515.36 | 5.47 |
| Prosus NV | 517,645 | 1,234,072 | 1,222.15 | 9.82 | 716,427 | 603.14 | 6.40 |
| Software and Computer Services Total | 522,729 | 1,352,619 | 1,879.16 | 15.10 | 829,890 | 1,118.50 | 11.87 |
| MTN Group Ltd. | 3,021,153 | 3,518,547 | 496.99 | 3.99 | 497,394 | 61.64 | 0.65 |
| Telkom SA SOC Ltd. | 270,813 | 475,540 | 25.14 | 0.20 | 204,727 | 7.55 | 0.08 |
| Telecommunications Service Providers Total | 3,291,966 | 3,994,087 | 522.14 | 4.20 | 702,121 | 69.19 | 0.73 |
| British American Tobacco plc | 178,834 | 626,763 | 535.11 | 4.30 | 447,929 | 342.29 | 3.63 |
| Tobacco Total | 178,834 | 626,763 | 535.11 | 4.30 | 447,929 | 342.29 | 3.63 |
| Famous Brands Ltd. | 1,038,216 | 2,686,038 | 167.13 | 1.34 | 1,647,822 | 94.77 | 1.01 |
| Travel and Leisure Total | 1,038,216 | 2,686,038 | 167.13 | 1.34 | 1,647,822 | 94.77 | 1.01 |
| Portfolio Total | 44,120,617 | 135,114,213 | 12,442.39 | 100.00 | 90,993,596 | 9,424.51 | 100.00 |