| | | |
| Security | Change | # Units | Value (Rm) | % Fund | # Units | Value (Rm) | % Fund |
| Anheuser-Busch InBev SA/NV | 9,632 | 39,274 | 44.40 | 5.36 | 29,642 | 27.80 | 3.50 |
| Beverages Total | 9,632 | 39,274 | 44.40 | 5.36 | 29,642 | 27.80 | 3.50 |
| Cash on call | 0 | 0 | 8.97 | 1.08 | 0 | 3.30 | 0.41 |
| Cash on call Total | 0 | 0 | 8.97 | 1.08 | 0 | 3.30 | 0.41 |
| ADvTECH Ltd. | 0 | 883,622 | 29.11 | 3.51 | 883,622 | 29.90 | 3.76 |
| Curro Holdings Ltd. | -641,508 | 0 | 0.00 | 0.00 | 641,508 | 8.37 | 1.05 |
| Consumer Services Total | -641,508 | 883,622 | 29.11 | 3.51 | 1,525,130 | 38.27 | 4.82 |
| Industrials positions individually less than 1% of fund | 0 | 0 | 27.24 | 3.29 | 0 | 58.23 | 7.33 |
| Mondi plc | 14,048 | 109,577 | 29.83 | 3.60 | 95,529 | 26.51 | 3.34 |
| Nampak Ltd. | 4,584 | 30,217 | 12.42 | 1.50 | 25,633 | 10.66 | 1.34 |
| General Industrials Total | 18,632 | 139,794 | 69.49 | 8.39 | 121,162 | 95.41 | 12.00 |
| Grindrod Ltd. | 129,781 | 909,896 | 11.09 | 1.34 | 780,115 | 9.33 | 1.17 |
| Industrial Transportation Total | 129,781 | 909,896 | 11.09 | 1.34 | 780,115 | 9.33 | 1.17 |
| Brait plc | 963,435 | 6,796,689 | 13.46 | 1.62 | 5,833,254 | 12.07 | 1.52 |
| Investment Banking and Brokerage Services Total | 963,435 | 6,796,689 | 13.46 | 1.62 | 5,833,254 | 12.07 | 1.52 |
| Bid Corporation Ltd. | 2,186 | 132,835 | 58.37 | 7.05 | 130,649 | 56.25 | 7.08 |
| Dis-Chem Pharmacies Ltd. | 0 | 588,100 | 17.82 | 2.15 | 588,100 | 21.23 | 2.67 |
| Shoprite Holdings Ltd. | 49,988 | 189,350 | 51.64 | 6.23 | 139,362 | 41.04 | 5.16 |
| Personal Care, Drug and Grocery Stores Total | 52,174 | 910,285 | 127.83 | 15.43 | 858,111 | 118.53 | 14.91 |
| Compagnie Financière Richemont SA | -2,042 | 2,814 | 8.92 | 1.08 | 4,856 | 13.48 | 1.70 |
| Personal Goods Total | -2,042 | 2,814 | 8.92 | 1.08 | 4,856 | 13.48 | 1.70 |
| Aspen Pharmacare Holdings Ltd. | 208,446 | 208,446 | 34.13 | 4.12 | 0 | 0.00 | 0.00 |
| Pharmaceuticals and Biotechnology Total | 208,446 | 208,446 | 34.13 | 4.12 | 0 | 0.00 | 0.00 |
| CA Sales Holdings Ltd. | 14,667 | 919,563 | 15.63 | 1.89 | 904,896 | 14.66 | 1.84 |
| Cashbuild Ltd. | -38,068 | 0 | 0.00 | 0.00 | 38,068 | 8.06 | 1.01 |
| Lewis Group Ltd. | 0 | 158,531 | 11.24 | 1.36 | 158,531 | 12.70 | 1.60 |
| Pepkor Holdings Ltd. | 96,143 | 1,188,725 | 30.35 | 3.66 | 1,092,582 | 31.63 | 3.98 |
| The Foschini Group Ltd. | 38,662 | 161,152 | 20.03 | 2.42 | 122,490 | 20.77 | 2.61 |
| Woolworths Holdings Ltd. | -223,545 | 0 | 0.00 | 0.00 | 223,545 | 13.94 | 1.75 |
| Retailers Total | -112,141 | 2,427,971 | 77.25 | 9.33 | 2,540,112 | 101.75 | 12.80 |
| Bytes Technology Group plc | 38,047 | 129,288 | 14.90 | 1.80 | 91,241 | 8.97 | 1.13 |
| Naspers Ltd. | -1,425 | 49,398 | 223.18 | 26.94 | 50,823 | 212.10 | 26.69 |
| Prosus NV | -540 | 105,508 | 88.80 | 10.72 | 106,048 | 79.44 | 9.99 |
| Software and Computer Services Total | 36,082 | 284,194 | 326.88 | 39.46 | 248,112 | 300.50 | 37.81 |
| MTN Group Ltd. | 0 | 283,136 | 34.89 | 4.21 | 283,136 | 26.05 | 3.28 |
| Vodacom Group Ltd. | 54,826 | 266,074 | 33.38 | 4.03 | 211,248 | 21.41 | 2.69 |
| Telecommunications Service Providers Total | 54,826 | 549,210 | 68.27 | 8.24 | 494,384 | 47.46 | 5.97 |
| British American Tobacco plc | -25,613 | 0 | 0.00 | 0.00 | 25,613 | 17.73 | 2.23 |
| Tobacco Total | -25,613 | 0 | 0.00 | 0.00 | 25,613 | 17.73 | 2.23 |
| Spur Corporation Ltd. | 6,607 | 267,979 | 8.58 | 1.04 | 261,372 | 9.14 | 1.15 |
| Travel and Leisure Total | 6,607 | 267,979 | 8.58 | 1.04 | 261,372 | 9.14 | 1.15 |
| Portfolio Total | 698,311 | 13,420,174 | 828.37 | 100.00 | 12,721,863 | 794.77 | 100.00 |