| | | |
| Security | Change | # Units | Value (Rm) | % Fund | # Units | Value (Rm) | % Fund |
| Absa Group Ltd. | 768,608 | 6,807,643 | 1,231.77 | 7.87 | 6,039,035 | 1,061.06 | 8.53 |
| Capitec Bank Holdings Ltd. | 72,878 | 117,667 | 408.33 | 2.61 | 44,789 | 159.26 | 1.28 |
| FirstRand Ltd. | 5,220,567 | 11,252,632 | 875.90 | 5.60 | 6,032,065 | 459.76 | 3.70 |
| Investec plc | 1,217,933 | 1,217,933 | 156.52 | 1.00 | 0 | 0.00 | 0.00 |
| Nedbank Group Ltd. | 1,142,981 | 1,142,981 | 244.66 | 1.56 | 0 | 0.00 | 0.00 |
| Standard Bank Group Ltd. | 1,785,642 | 3,710,209 | 876.57 | 5.60 | 1,924,567 | 438.24 | 3.52 |
| Banks Total | 10,208,609 | 24,249,065 | 3,793.75 | 24.24 | 14,040,456 | 2,118.33 | 17.03 |
| Anheuser-Busch InBev SA/NV | 68,643 | 414,982 | 428.37 | 2.74 | 346,339 | 422.16 | 3.39 |
| Beverages Total | 68,643 | 414,982 | 428.37 | 2.74 | 346,339 | 422.16 | 3.39 |
| Cash on call | 0 | 0 | 324.75 | 2.07 | 0 | 390.89 | 3.14 |
| Cash on call Total | 0 | 0 | 324.75 | 2.07 | 0 | 390.89 | 3.14 |
| AECI Ltd. | -190,162 | 1,382,710 | 134.32 | 0.86 | 1,572,872 | 166.96 | 1.34 |
| Omnia Holdings Ltd. | 0 | 541,711 | 38.84 | 0.25 | 541,711 | 43.05 | 0.35 |
| Sasol Ltd. | -171,572 | 839,896 | 90.20 | 0.58 | 1,011,468 | 81.25 | 0.65 |
| Chemicals Total | -361,734 | 2,764,317 | 263.36 | 1.68 | 3,126,051 | 291.26 | 2.34 |
| Raubex Group Ltd. | 0 | 618,696 | 26.39 | 0.17 | 618,696 | 27.67 | 0.22 |
| Construction and Materials Total | 0 | 618,696 | 26.39 | 0.17 | 618,696 | 27.67 | 0.22 |
| Nutun Ltd. | 1,787,739 | 30,715,236 | 30.72 | 0.20 | 28,927,497 | 40.50 | 0.33 |
| Finance and Credit Services Total | 1,787,739 | 30,715,236 | 30.72 | 0.20 | 28,927,497 | 40.50 | 0.33 |
| Astral Foods Ltd. | 82,750 | 197,390 | 40.93 | 0.26 | 114,640 | 20.60 | 0.17 |
| AVI Ltd. | 537,212 | 984,822 | 97.01 | 0.62 | 447,610 | 42.22 | 0.34 |
| Rainbow Chicken Ltd. | 1,681,027 | 2,245,302 | 9.23 | 0.06 | 564,275 | 2.33 | 0.02 |
| RCL Foods Ltd. | 0 | 396,029 | 3.81 | 0.02 | 396,029 | 4.34 | 0.03 |
| Food Producers Total | 2,300,989 | 3,823,543 | 150.99 | 0.96 | 1,522,554 | 69.49 | 0.56 |
| Equity | 0 | 0 | 3.22 | 0.02 | 0 | 0.00 | 0.00 |
| General Equity Total | 0 | 0 | 3.22 | 0.02 | 0 | 0.00 | 0.00 |
| Barloworld Ltd. | 89,844 | 1,447,695 | 170.35 | 1.09 | 1,357,851 | 150.54 | 1.21 |
| Mondi plc | 597,091 | 597,091 | 141.02 | 0.90 | 0 | 0.00 | 0.00 |
| The Bidvest Group Ltd. | 22,704 | 776,316 | 163.76 | 1.05 | 753,612 | 177.17 | 1.42 |
| General Industrials Total | 709,639 | 2,821,102 | 475.13 | 3.04 | 2,111,463 | 327.72 | 2.63 |
| Sappi Ltd. | 952,995 | 952,995 | 22.02 | 0.14 | 0 | 0.00 | 0.00 |
| Industrial Materials Total | 952,995 | 952,995 | 22.02 | 0.14 | 0 | 0.00 | 0.00 |
| African Rainbow Minerals Ltd. | 129,212 | 1,639,859 | 304.08 | 1.94 | 1,510,647 | 259.94 | 2.09 |
| Anglo American plc | -432,103 | 165,090 | 106.49 | 0.68 | 597,193 | 310.96 | 2.50 |
| BHP Group Ltd. | 374,403 | 374,403 | 179.07 | 1.14 | 0 | 0.00 | 0.00 |
| Glencore plc | -680,510 | 8,400,012 | 672.08 | 4.29 | 9,080,522 | 630.10 | 5.06 |
| Kumba Iron Ore Ltd. | -134,021 | 184,662 | 60.25 | 0.38 | 318,683 | 90.97 | 0.73 |
| Industrial Metals and Mining Total | -743,019 | 10,764,026 | 1,321.97 | 8.45 | 11,507,045 | 1,291.96 | 10.38 |
| Grindrod Ltd. | 7,298,732 | 26,108,108 | 394.23 | 2.52 | 18,809,376 | 236.62 | 1.90 |
| Industrial Transportation Total | 7,298,732 | 26,108,108 | 394.23 | 2.52 | 18,809,376 | 236.62 | 1.90 |
| Hosken Consolidated Investments Ltd. | 0 | 108,291 | 13.45 | 0.09 | 108,291 | 13.93 | 0.11 |
| Reinet Investments SCA | 710,484 | 803,985 | 406.41 | 2.60 | 93,501 | 53.77 | 0.43 |
| Remgro Ltd. | 404,741 | 2,365,257 | 399.42 | 2.55 | 1,960,516 | 308.76 | 2.48 |
| Investment Banking and Brokerage Services Total | 1,115,225 | 3,277,533 | 819.28 | 5.23 | 2,162,308 | 376.47 | 3.03 |
| Discovery Ltd. | 439,761 | 1,965,612 | 388.94 | 2.49 | 1,525,851 | 328.64 | 2.64 |
| Momentum Group Ltd. | 345,157 | 1,541,666 | 50.74 | 0.32 | 1,196,509 | 41.12 | 0.33 |
| Sanlam Ltd. | 1,389,554 | 2,757,143 | 228.90 | 1.46 | 1,367,589 | 121.50 | 0.98 |
| Life Insurance Total | 2,174,472 | 6,264,421 | 668.57 | 4.27 | 4,089,949 | 491.26 | 3.95 |
| eMedia Holdings Ltd. | 953,541 | 953,541 | 1.66 | 0.01 | 0 | 0.00 | 0.00 |
| Media Total | 953,541 | 953,541 | 1.66 | 0.01 | 0 | 0.00 | 0.00 |
| Money Market Instrument | 0 | 0 | 0.00 | 0.00 | 0 | -0.29 | 0.00 |
| Money Market Total | 0 | 0 | 0.00 | 0.00 | 0 | -0.29 | 0.00 |
| Bid Corporation Ltd. | 278,232 | 806,880 | 348.57 | 2.23 | 528,648 | 249.63 | 2.01 |
| Clicks Group Ltd. | 135,167 | 466,956 | 165.30 | 1.06 | 331,789 | 123.54 | 0.99 |
| The SPAR Group Ltd. | 140,039 | 1,686,093 | 163.03 | 1.04 | 1,546,054 | 166.63 | 1.34 |
| Personal Care, Drug and Grocery Stores Total | 553,438 | 2,959,929 | 676.90 | 4.32 | 2,406,491 | 539.80 | 4.34 |
| Aspen Pharmacare Holdings Ltd. | 130,025 | 760,946 | 73.05 | 0.47 | 630,921 | 75.43 | 0.61 |
| Pharmaceuticals and Biotechnology Total | 130,025 | 760,946 | 73.05 | 0.47 | 630,921 | 75.43 | 0.61 |
| AngloGold Ashanti plc | -387,693 | 533,326 | 634.34 | 4.05 | 921,019 | 734.61 | 5.90 |
| DRDGOLD Ltd. | -1,776,580 | 0 | 0.00 | 0.00 | 1,776,580 | 41.79 | 0.34 |
| Gold Fields Ltd. | -289,532 | 665,614 | 477.34 | 3.05 | 955,146 | 397.22 | 3.19 |
| Harmony Gold Mining Company Ltd. | 2,170,561 | 2,267,570 | 696.26 | 4.45 | 97,009 | 23.42 | 0.19 |
| Impala Platinum Holdings Ltd. | 632,320 | 632,320 | 137.64 | 0.88 | 0 | 0.00 | 0.00 |
| Northam Platinum Holdings Ltd. | -1,828,667 | 225,414 | 62.89 | 0.40 | 2,054,081 | 397.40 | 3.19 |
| Sibanye Stillwater Ltd. | -1,123,402 | 0 | 0.00 | 0.00 | 1,123,402 | 36.29 | 0.29 |
| Valterra Platinum Ltd. | 548,721 | 548,721 | 662.85 | 4.24 | 0 | 0.00 | 0.00 |
| Precious Metals and Mining Total | -2,054,272 | 4,872,965 | 2,671.33 | 17.07 | 6,927,237 | 1,630.72 | 13.11 |
| MAS plc | -881,806 | 0 | 0.00 | 0.00 | 881,806 | 21.49 | 0.17 |
| NEPI Rockcastle NV | -2,049,698 | 0 | 0.00 | 0.00 | 2,049,698 | 277.80 | 2.23 |
| Real Estate Investment and Services Total | -2,931,504 | 0 | 0.00 | 0.00 | 2,931,504 | 299.29 | 2.41 |
| Spear REIT Ltd. | 880,975 | 17,194,966 | 176.25 | 1.13 | 16,313,991 | 166.40 | 1.34 |
| Real Estate Investment Trusts Total | 880,975 | 17,194,966 | 176.25 | 1.13 | 16,313,991 | 166.40 | 1.34 |
| Mr Price Group Ltd. | 160,239 | 920,914 | 188.17 | 1.20 | 760,675 | 168.66 | 1.36 |
| Pepkor Holdings Ltd. | 7,813,360 | 14,981,919 | 366.76 | 2.34 | 7,168,559 | 195.56 | 1.57 |
| The Foschini Group Ltd. | 470,197 | 1,037,500 | 112.56 | 0.72 | 567,303 | 73.09 | 0.59 |
| Truworths International Ltd. | -437,865 | 1,048,426 | 57.24 | 0.37 | 1,486,291 | 105.87 | 0.85 |
| Retailers Total | 8,005,931 | 17,988,759 | 724.73 | 4.63 | 9,982,828 | 543.17 | 4.37 |
| Naspers Ltd. | -1,979 | 116,568 | 734.56 | 4.69 | 118,547 | 657.01 | 5.28 |
| Prosus NV | -573,991 | 660,081 | 808.45 | 5.17 | 1,234,072 | 1,222.15 | 9.82 |
| Software and Computer Services Total | -575,970 | 776,649 | 1,543.00 | 9.86 | 1,352,619 | 1,879.16 | 15.10 |
| MTN Group Ltd. | -222,512 | 3,296,035 | 462.37 | 2.95 | 3,518,547 | 496.99 | 3.99 |
| Telkom SA SOC Ltd. | -475,540 | 0 | 0.00 | 0.00 | 475,540 | 25.14 | 0.20 |
| Telecommunications Service Providers Total | -698,052 | 3,296,035 | 462.37 | 2.95 | 3,994,087 | 522.14 | 4.20 |
| British American Tobacco plc | -151,151 | 475,612 | 433.16 | 2.77 | 626,763 | 535.11 | 4.30 |
| Tobacco Total | -151,151 | 475,612 | 433.16 | 2.77 | 626,763 | 535.11 | 4.30 |
| Famous Brands Ltd. | 415,416 | 3,101,454 | 166.21 | 1.06 | 2,686,038 | 167.13 | 1.34 |
| Travel and Leisure Total | 415,416 | 3,101,454 | 166.21 | 1.06 | 2,686,038 | 167.13 | 1.34 |
| Portfolio Total | 30,040,667 | 165,154,880 | 15,651.40 | 100.00 | 135,114,213 | 12,442.39 | 100.00 |