| | | |
| Security | Change | # Units | Value (Rm) | % Fund | # Units | Value (Rm) | % Fund |
| Absa Group Ltd. | -24,908 | 73,748 | 13.05 | 2.17 | 98,656 | 18.72 | 3.07 |
| Capitec Bank Holdings Ltd. | -80 | 7,956 | 24.68 | 4.10 | 8,036 | 25.19 | 4.13 |
| FirstRand Ltd. | 18,206 | 562,983 | 40.44 | 6.72 | 544,777 | 41.38 | 6.79 |
| Investec Ltd. | 0 | 11,993 | 1.37 | 0.23 | 11,993 | 1.50 | 0.25 |
| Investec plc | 0 | 36,647 | 4.17 | 0.69 | 36,647 | 4.64 | 0.76 |
| Nedbank Group Ltd. | -1,141 | 33,638 | 8.65 | 1.44 | 34,779 | 9.80 | 1.61 |
| Standard Bank Group Ltd. | 10,594 | 137,112 | 32.83 | 5.45 | 126,518 | 28.06 | 4.61 |
| Banks Total | 2,671 | 864,077 | 125.20 | 20.81 | 861,406 | 129.29 | 21.22 |
| Anheuser-Busch InBev SA/NV | 1,047 | 7,177 | 8.11 | 1.35 | 6,130 | 5.75 | 0.94 |
| Beverages Total | 1,047 | 7,177 | 8.11 | 1.35 | 6,130 | 5.75 | 0.94 |
| SA Bond FRJ25 | -900,000 | 0 | 0.00 | 0.00 | 900,000 | 0.91 | 0.15 |
| Bond Total | -900,000 | 0 | 0.00 | 0.00 | 900,000 | 0.91 | 0.15 |
| Cash on call | 0 | 0 | 8.95 | 1.49 | 0 | 11.64 | 1.91 |
| Margin Account | 0 | 0 | 43.11 | 7.16 | 0 | 41.45 | 6.80 |
| Cash on call Total | 0 | 0 | 52.06 | 8.65 | 0 | 53.09 | 8.71 |
| Sasol Ltd. | 0 | 76,262 | 5.83 | 0.97 | 76,262 | 6.35 | 1.04 |
| Chemicals Total | 0 | 76,262 | 5.83 | 0.97 | 76,262 | 6.35 | 1.04 |
| Bond Derivative | 0 | 0 | 0.00 | 0.00 | 0 | 0.08 | 0.01 |
| Derivatives Total | 0 | 0 | 0.00 | 0.00 | 0 | 0.08 | 0.01 |
| NewGold | 0 | 8,854 | 4.71 | 0.78 | 8,854 | 4.02 | 0.66 |
| Exchange Traded Funds Total | 0 | 8,854 | 4.71 | 0.78 | 8,854 | 4.02 | 0.66 |
| Mondi plc | -2,918 | 43,204 | 11.76 | 1.95 | 46,122 | 12.80 | 2.10 |
| The Bidvest Group Ltd. | 0 | 45,204 | 10.65 | 1.77 | 45,204 | 11.92 | 1.96 |
| General Industrials Total | -2,918 | 88,408 | 22.41 | 3.72 | 91,326 | 24.72 | 4.06 |
| Life Healthcare Group Holdings Ltd. | 0 | 142,072 | 1.96 | 0.33 | 142,072 | 2.33 | 0.38 |
| Health Care Providers Total | 0 | 142,072 | 1.96 | 0.33 | 142,072 | 2.33 | 0.38 |
| Investec Stefi Plus - Z | 9,332 | 421,601 | 0.44 | 0.07 | 412,269 | 0.43 | 0.07 |
| Income Total | 9,332 | 421,601 | 0.44 | 0.07 | 412,269 | 0.43 | 0.07 |
| Anglo American plc | 0 | 37,522 | 19.17 | 3.19 | 37,522 | 20.71 | 3.40 |
| BHP Group Ltd. | -1,330 | 9,767 | 4.29 | 0.71 | 11,097 | 5.11 | 0.84 |
| Glencore plc | 4,287 | 98,654 | 6.64 | 1.10 | 94,367 | 7.88 | 1.29 |
| Industrial Metals and Mining Total | 2,957 | 145,943 | 30.10 | 5.00 | 142,986 | 33.70 | 5.53 |
| JSE Ltd. | 0 | 63,331 | 7.85 | 1.30 | 63,331 | 7.65 | 1.25 |
| Reinet Investments SCA | 0 | 3,262 | 1.45 | 0.24 | 3,262 | 1.46 | 0.24 |
| Remgro Ltd. | -1,063 | 108,167 | 17.07 | 2.84 | 109,230 | 16.94 | 2.78 |
| Investment Banking and Brokerage Services Total | -1,063 | 174,760 | 26.37 | 4.38 | 175,823 | 26.05 | 4.28 |
| Discovery Ltd. | 0 | 61,049 | 12.18 | 2.02 | 61,049 | 11.89 | 1.95 |
| Old Mutual Ltd. | -30,853 | 46,085 | 0.55 | 0.09 | 76,938 | 0.96 | 0.16 |
| Sanlam Ltd. | 0 | 219,498 | 18.16 | 3.02 | 219,498 | 19.07 | 3.13 |
| Life Insurance Total | -30,853 | 326,632 | 30.89 | 5.13 | 357,485 | 31.92 | 5.24 |
| Ninety One Money Market - Z | -41,715,542 | 68,547 | 0.07 | 0.01 | 41,784,089 | 41.78 | 6.86 |
| Money Market Total | -41,715,542 | 68,547 | 0.07 | 0.01 | 41,784,089 | 41.78 | 6.86 |
| OUTsurance Group Ltd. | 0 | 106,015 | 7.39 | 1.23 | 106,015 | 7.05 | 1.16 |
| Santam Ltd. | 0 | 16,301 | 6.08 | 1.01 | 16,301 | 6.40 | 1.05 |
| Non-life Insurance Total | 0 | 122,316 | 13.47 | 2.24 | 122,316 | 13.45 | 2.21 |
| Exxaro Resources Ltd. | -5,321 | 0 | 0.00 | 0.00 | 5,321 | 0.84 | 0.14 |
| Oil, Gas and Coal Total | -5,321 | 0 | 0.00 | 0.00 | 5,321 | 0.84 | 0.14 |
| Bid Corporation Ltd. | -796 | 42,998 | 18.90 | 3.14 | 43,794 | 18.86 | 3.10 |
| Boxer Retail Ltd. | 0 | 14,747 | 1.03 | 0.17 | 14,747 | 0.95 | 0.16 |
| Clicks Group Ltd. | -2,154 | 5,587 | 1.89 | 0.31 | 7,741 | 2.89 | 0.47 |
| Shoprite Holdings Ltd. | -846 | 36,922 | 10.07 | 1.67 | 37,768 | 11.12 | 1.83 |
| The SPAR Group Ltd. | 0 | 21,101 | 2.49 | 0.41 | 21,101 | 3.08 | 0.51 |
| Personal Care, Drug and Grocery Stores Total | -3,796 | 121,355 | 34.39 | 5.71 | 125,151 | 36.90 | 6.06 |
| Compagnie Financière Richemont SA | 35 | 3,639 | 11.53 | 1.92 | 3,604 | 10.00 | 1.64 |
| Personal Goods Total | 35 | 3,639 | 11.53 | 1.92 | 3,604 | 10.00 | 1.64 |
| Aspen Pharmacare Holdings Ltd. | 216 | 20,229 | 3.31 | 0.55 | 20,013 | 3.30 | 0.54 |
| Pharmaceuticals and Biotechnology Total | 216 | 20,229 | 3.31 | 0.55 | 20,013 | 3.30 | 0.54 |
| AngloGold Ashanti plc | 4,006 | 31,707 | 21.78 | 3.62 | 27,701 | 11.66 | 1.91 |
| Gold Fields Ltd. | 1,378 | 83,516 | 33.86 | 5.63 | 82,138 | 20.30 | 3.33 |
| Harmony Gold Mining Company Ltd. | 3,445 | 49,140 | 13.10 | 2.18 | 45,695 | 6.89 | 1.13 |
| Impala Platinum Holdings Ltd. | 3,760 | 68,129 | 8.58 | 1.43 | 64,369 | 5.65 | 0.93 |
| Sibanye Stillwater Ltd. | 15,149 | 201,091 | 4.19 | 0.70 | 185,942 | 2.79 | 0.46 |
| Valterra Platinum Ltd. | 10,755 | 10,755 | 7.90 | 1.31 | 0 | 0.00 | 0.00 |
| Precious Metals and Mining Total | 38,493 | 444,338 | 89.40 | 14.86 | 405,845 | 47.28 | 7.76 |
| NEPI Rockcastle NV | -1,809 | 24,915 | 3.30 | 0.55 | 26,724 | 3.69 | 0.61 |
| Real Estate Investment and Services Total | -1,809 | 24,915 | 3.30 | 0.55 | 26,724 | 3.69 | 0.61 |
| Growthpoint Properties Ltd. | -11,969 | 678,013 | 8.78 | 1.46 | 689,982 | 8.78 | 1.44 |
| Real Estate Investment Trusts Total | -11,969 | 678,013 | 8.78 | 1.46 | 689,982 | 8.78 | 1.44 |
| Mr Price Group Ltd. | -4,156 | 4,936 | 1.09 | 0.18 | 9,092 | 2.68 | 0.44 |
| Pepkor Holdings Ltd. | -14,026 | 144,961 | 3.70 | 0.62 | 158,987 | 4.60 | 0.76 |
| Woolworths Holdings Ltd. | 5,550 | 144,126 | 7.35 | 1.22 | 138,576 | 8.64 | 1.42 |
| Retailers Total | -12,632 | 294,023 | 12.15 | 2.02 | 306,655 | 15.93 | 2.61 |
| Naspers Ltd. | -670 | 10,449 | 47.21 | 7.84 | 11,119 | 46.40 | 7.62 |
| Prosus NV | -298 | 14,366 | 12.09 | 2.01 | 14,664 | 10.98 | 1.80 |
| Software and Computer Services Total | -968 | 24,815 | 59.30 | 9.85 | 25,783 | 57.39 | 9.42 |
| MTN Group Ltd. | -6,819 | 191,814 | 23.64 | 3.93 | 198,633 | 18.27 | 3.00 |
| Vodacom Group Ltd. | 6,417 | 20,374 | 2.56 | 0.42 | 13,957 | 1.41 | 0.23 |
| Telecommunications Service Providers Total | -402 | 212,188 | 26.19 | 4.35 | 212,590 | 19.69 | 3.23 |
| British American Tobacco plc | -3,863 | 38,325 | 28.92 | 4.81 | 42,188 | 28.54 | 4.69 |
| Tobacco Total | -3,863 | 38,325 | 28.92 | 4.81 | 42,188 | 28.54 | 4.69 |
| Famous Brands Ltd. | 6,038 | 49,967 | 2.90 | 0.48 | 43,929 | 3.03 | 0.50 |
| Travel and Leisure Total | 6,038 | 49,967 | 2.90 | 0.48 | 43,929 | 3.03 | 0.50 |
| Portfolio Total | -42,630,347 | 4,358,456 | 601.79 | 100.00 | 46,988,803 | 609.23 | 100.00 |