| | | |
| Security | Change | # Units | Value (Rm) | % Fund | # Units | Value (Rm) | % Fund |
| Anheuser-Busch InBev SA/NV | -933 | 38,341 | 46.72 | 5.17 | 39,274 | 44.40 | 5.36 |
| Beverages Total | -933 | 38,341 | 46.72 | 5.17 | 39,274 | 44.40 | 5.36 |
| Cash on call | 0 | 0 | 0.46 | 0.05 | 0 | 8.97 | 1.08 |
| Cash on call Total | 0 | 0 | 0.46 | 0.05 | 0 | 8.97 | 1.08 |
| ADvTECH Ltd. | 0 | 883,622 | 28.90 | 3.20 | 883,622 | 29.11 | 3.51 |
| Consumer Services Total | 0 | 883,622 | 28.90 | 3.20 | 883,622 | 29.11 | 3.51 |
| Industrials positions individually less than 1% of fund | 0 | 0 | 49.52 | 5.48 | 0 | 27.24 | 3.29 |
| Mondi plc | 7,071 | 116,648 | 33.95 | 3.76 | 109,577 | 29.83 | 3.60 |
| Nampak Ltd. | 16,280 | 46,497 | 24.34 | 2.70 | 30,217 | 12.42 | 1.50 |
| General Industrials Total | 23,351 | 163,145 | 107.81 | 11.94 | 139,794 | 69.49 | 8.39 |
| Grindrod Ltd. | -909,896 | 0 | 0.00 | 0.00 | 909,896 | 11.09 | 1.34 |
| Industrial Transportation Total | -909,896 | 0 | 0.00 | 0.00 | 909,896 | 11.09 | 1.34 |
| Brait plc | 0 | 6,796,689 | 15.16 | 1.68 | 6,796,689 | 13.46 | 1.62 |
| Investment Banking and Brokerage Services Total | 0 | 6,796,689 | 15.16 | 1.68 | 6,796,689 | 13.46 | 1.62 |
| Bid Corporation Ltd. | 5,142 | 137,977 | 64.49 | 7.14 | 132,835 | 58.37 | 7.05 |
| Dis-Chem Pharmacies Ltd. | 63,457 | 651,557 | 21.05 | 2.33 | 588,100 | 17.82 | 2.15 |
| Shoprite Holdings Ltd. | 12,056 | 201,406 | 55.78 | 6.18 | 189,350 | 51.64 | 6.23 |
| Personal Care, Drug and Grocery Stores Total | 80,655 | 990,940 | 141.32 | 15.65 | 910,285 | 127.83 | 15.43 |
| Compagnie Financière Richemont SA | 7,406 | 10,220 | 34.04 | 3.77 | 2,814 | 8.92 | 1.08 |
| Personal Goods Total | 7,406 | 10,220 | 34.04 | 3.77 | 2,814 | 8.92 | 1.08 |
| Aspen Pharmacare Holdings Ltd. | 51,033 | 259,479 | 31.01 | 3.43 | 208,446 | 34.13 | 4.12 |
| Pharmaceuticals and Biotechnology Total | 51,033 | 259,479 | 31.01 | 3.43 | 208,446 | 34.13 | 4.12 |
| CA Sales Holdings Ltd. | 36,464 | 956,027 | 16.40 | 1.82 | 919,563 | 15.63 | 1.89 |
| Lewis Group Ltd. | -158,531 | 0 | 0.00 | 0.00 | 158,531 | 11.24 | 1.36 |
| Pepkor Holdings Ltd. | 287,259 | 1,475,984 | 40.19 | 4.45 | 1,188,725 | 30.35 | 3.66 |
| The Foschini Group Ltd. | -45,900 | 115,252 | 14.86 | 1.65 | 161,152 | 20.03 | 2.42 |
| Retailers Total | 119,292 | 2,547,263 | 71.45 | 7.91 | 2,427,971 | 77.25 | 9.33 |
| Bytes Technology Group plc | 35,337 | 164,625 | 20.74 | 2.30 | 129,288 | 14.90 | 1.80 |
| Naspers Ltd. | -1,244 | 48,154 | 265.59 | 29.40 | 49,398 | 223.18 | 26.94 |
| Prosus NV | -6,440 | 99,068 | 98.24 | 10.88 | 105,508 | 88.80 | 10.72 |
| Software and Computer Services Total | 27,653 | 311,847 | 384.57 | 42.58 | 284,194 | 326.88 | 39.46 |
| MTN Group Ltd. | 13,750 | 296,886 | 41.81 | 4.63 | 283,136 | 34.89 | 4.21 |
| Vodacom Group Ltd. | -266,074 | 0 | 0.00 | 0.00 | 266,074 | 33.38 | 4.03 |
| Telecommunications Service Providers Total | -252,324 | 296,886 | 41.81 | 4.63 | 549,210 | 68.27 | 8.24 |
| Spur Corporation Ltd. | -267,979 | 0 | 0.00 | 0.00 | 267,979 | 8.58 | 1.04 |
| Travel and Leisure Total | -267,979 | 0 | 0.00 | 0.00 | 267,979 | 8.58 | 1.04 |
| Portfolio Total | -1,121,742 | 12,298,432 | 903.25 | 100.00 | 13,420,174 | 828.37 | 100.00 |