| | | |
| Security | Change | # Units | Value (Rm) | % Fund | # Units | Value (Rm) | % Fund |
| Cash on call | 0 | 0 | 20.17 | 0.91 | 0 | 13.62 | 0.69 |
| Cash on call Total | 0 | 0 | 20.17 | 0.91 | 0 | 13.62 | 0.69 |
| Sasol Ltd. | -645,719 | 0 | 0.00 | 0.00 | 645,719 | 69.39 | 3.51 |
| Chemicals Total | -645,719 | 0 | 0.00 | 0.00 | 645,719 | 69.39 | 3.51 |
| Foreign - Equities | 0 | 0 | 310.47 | 14.03 | 0 | 226.53 | 11.44 |
| Foreign Invest Total | 0 | 0 | 310.47 | 14.03 | 0 | 226.53 | 11.44 |
| Industrials positions individually less than 1% of fund | -273,137 | 0 | 11.32 | 0.51 | 273,137 | 19.55 | 0.99 |
| Mondi plc | 47,034 | 684,304 | 139.32 | 6.29 | 637,270 | 150.15 | 7.59 |
| General Industrials Total | -226,103 | 684,304 | 150.65 | 6.81 | 910,407 | 169.70 | 8.57 |
| Sappi Ltd. | 1,208,269 | 2,521,425 | 61.90 | 2.80 | 1,313,156 | 30.36 | 1.53 |
| York Timber Holdings Ltd. | 0 | 13,593,496 | 30.04 | 1.36 | 13,593,496 | 29.36 | 1.48 |
| Industrial Materials Total | 1,208,269 | 16,114,921 | 91.94 | 4.15 | 14,906,652 | 59.72 | 3.02 |
| Afrimat Ltd. | 214,243 | 1,579,095 | 65.01 | 2.94 | 1,364,852 | 51.93 | 2.62 |
| Anglo American plc | 25,506 | 121,787 | 83.44 | 3.77 | 96,281 | 62.25 | 3.14 |
| Glencore plc | 275,113 | 2,405,121 | 219.23 | 9.90 | 2,130,008 | 169.76 | 8.58 |
| Industrial Metals and Mining Total | 514,862 | 4,106,003 | 367.67 | 16.61 | 3,591,141 | 283.94 | 14.34 |
| Grindrod Ltd. | 656,951 | 5,785,324 | 98.35 | 4.44 | 5,128,373 | 77.08 | 3.89 |
| Industrial Transportation Total | 656,951 | 5,785,324 | 98.35 | 4.44 | 5,128,373 | 77.08 | 3.89 |
| Exxaro Resources Ltd. | 151,225 | 619,355 | 110.86 | 5.01 | 468,130 | 84.35 | 4.26 |
| Oil, Gas and Coal Total | 151,225 | 619,355 | 110.86 | 5.01 | 468,130 | 84.35 | 4.26 |
| AngloGold Ashanti plc | -82,406 | 181,517 | 260.14 | 11.75 | 263,923 | 320.28 | 16.18 |
| Gold Fields Ltd. | -20,177 | 265,874 | 192.95 | 8.72 | 286,051 | 208.56 | 10.54 |
| Northam Platinum Holdings Ltd. | -44,655 | 836,261 | 281.91 | 12.74 | 880,916 | 247.54 | 12.50 |
| Pan African Resources plc | 1,946,822 | 1,946,822 | 52.43 | 2.37 | 0 | 0.00 | 0.00 |
| Sibanye Stillwater Ltd. | -664,934 | 0 | 0.00 | 0.00 | 664,934 | 32.77 | 1.66 |
| Valterra Platinum Ltd. | 45,084 | 195,760 | 275.94 | 12.47 | 150,676 | 186.14 | 9.40 |
| Precious Metals and Mining Total | 1,179,734 | 3,426,234 | 1,063.36 | 48.04 | 2,246,500 | 995.29 | 50.28 |
| Portfolio Total | 2,839,219 | 30,736,141 | 2,213.48 | 100.00 | 27,896,922 | 1,979.62 | 100.00 |