| | | |
| Security | Change | # Units | Value (Rm) | % Fund | # Units | Value (Rm) | % Fund |
| Montauk Renewables Inc. | 319,990 | 2,381,040 | 95.60 | 2.07 | 2,061,050 | 84.40 | 1.98 |
| Alternative Energy Total | 319,990 | 2,381,040 | 95.60 | 2.07 | 2,061,050 | 84.40 | 1.98 |
| Absa Group Ltd. | 633,552 | 633,552 | 111.32 | 2.41 | 0 | 0.00 | 0.00 |
| FirstRand Ltd. | 93,188 | 1,125,171 | 85.76 | 1.85 | 1,031,983 | 74.22 | 1.75 |
| Investec Ltd. | -40,000 | 0 | 0.00 | 0.00 | 40,000 | 4.53 | 0.11 |
| Investec plc | 103,575 | 656,058 | 86.65 | 1.87 | 552,483 | 62.38 | 1.47 |
| Nedbank Group Ltd. | -51,469 | 226,804 | 55.37 | 1.20 | 278,273 | 71.30 | 1.68 |
| Standard Bank Group Ltd. | 12,917 | 325,873 | 74.20 | 1.60 | 312,956 | 75.16 | 1.77 |
| Banks Total | 751,763 | 2,967,458 | 413.30 | 8.93 | 2,215,695 | 287.59 | 6.76 |
| Anheuser-Busch InBev SA/NV | -44,255 | 69,784 | 85.06 | 1.84 | 114,039 | 128.82 | 3.03 |
| Beverages Total | -44,255 | 69,784 | 85.06 | 1.84 | 114,039 | 128.82 | 3.03 |
| Cash on call | 0 | 0 | 45.75 | 0.99 | 0 | 173.75 | 4.09 |
| Cash on call Total | 0 | 0 | 45.75 | 0.99 | 0 | 173.75 | 4.09 |
| Wilson Bayly Holmes - Ovcon Ltd. | 91,401 | 91,401 | 16.83 | 0.36 | 0 | 0.00 | 0.00 |
| Construction and Materials Total | 91,401 | 91,401 | 16.83 | 0.36 | 0 | 0.00 | 0.00 |
| Curro Holdings Ltd. | -3,954,082 | 4,013,500 | 36.40 | 0.79 | 7,967,582 | 67.01 | 1.58 |
| Stadio Holdings Ltd. | 71,216 | 18,629,138 | 163.00 | 3.52 | 18,557,922 | 139.18 | 3.27 |
| Consumer Services Total | -3,882,866 | 22,642,638 | 199.41 | 4.31 | 26,525,504 | 206.19 | 4.85 |
| Reunert Ltd. | -635,636 | 984,178 | 57.67 | 1.25 | 1,619,814 | 99.57 | 2.34 |
| Electronic and Electrical Equipment Total | -635,636 | 984,178 | 57.67 | 1.25 | 1,619,814 | 99.57 | 2.34 |
| Rainbow Chicken Ltd. | -564,955 | 4,207,110 | 17.38 | 0.38 | 4,772,065 | 16.61 | 0.39 |
| Food Producers Total | -564,955 | 4,207,110 | 17.38 | 0.38 | 4,772,065 | 16.61 | 0.39 |
| Mondi plc | 32,904 | 295,901 | 86.02 | 1.86 | 262,997 | 71.59 | 1.68 |
| Nampak Ltd. | 16,014 | 481,007 | 253.51 | 5.48 | 464,993 | 191.30 | 4.50 |
| General Industrials Total | 48,918 | 776,908 | 339.53 | 7.34 | 727,990 | 262.89 | 6.18 |
| Life Healthcare Group Holdings Ltd. | -612,620 | 3,587,001 | 51.15 | 1.11 | 4,199,621 | 58.21 | 1.37 |
| Health Care Providers Total | -612,620 | 3,587,001 | 51.15 | 1.11 | 4,199,621 | 58.21 | 1.37 |
| York Timber Holdings Ltd. | 0 | 6,290,262 | 12.58 | 0.27 | 6,290,262 | 13.34 | 0.31 |
| Industrial Materials Total | 0 | 6,290,262 | 12.58 | 0.27 | 6,290,262 | 13.34 | 0.31 |
| African Rainbow Minerals Ltd. | 731,982 | 731,982 | 125.95 | 2.72 | 0 | 0.00 | 0.00 |
| Afrimat Ltd. | 1,165,764 | 2,787,928 | 123.70 | 2.67 | 1,622,164 | 94.67 | 2.23 |
| Anglo American plc | 50,869 | 365,530 | 190.33 | 4.11 | 314,661 | 162.36 | 3.82 |
| Glencore plc | 644,743 | 644,743 | 44.74 | 0.97 | 0 | 0.00 | 0.00 |
| Industrial Metals and Mining Total | 2,593,358 | 4,530,183 | 484.72 | 10.47 | 1,936,825 | 257.03 | 6.04 |
| Hudaco Industries Ltd. | -8,451 | 417,615 | 81.61 | 1.76 | 426,066 | 80.74 | 1.90 |
| Novus Holdings Ltd. | 97,410 | 24,042,810 | 180.32 | 3.90 | 23,945,400 | 165.22 | 3.88 |
| Industrial Support Services Total | 88,959 | 24,460,425 | 261.94 | 5.66 | 24,371,466 | 245.96 | 5.78 |
| Hosken Consolidated Investments Ltd. | 265,582 | 1,203,735 | 154.88 | 3.35 | 938,153 | 126.46 | 2.97 |
| Ninety One Ltd. | 661 | 661 | 0.03 | 0.00 | 0 | 0.00 | 0.00 |
| Ninety One plc | 67,541 | 2,555,308 | 114.35 | 2.47 | 2,487,767 | 86.10 | 2.02 |
| Reinet Investments SCA | 20,181 | 319,756 | 183.89 | 3.97 | 299,575 | 134.28 | 3.16 |
| Remgro Ltd. | -209,574 | 511,017 | 80.48 | 1.74 | 720,591 | 112.15 | 2.64 |
| Sabvest Capital Ltd. | 70,487 | 1,332,364 | 132.58 | 2.86 | 1,261,877 | 131.22 | 3.09 |
| Investment Banking and Brokerage Services Total | 214,878 | 5,922,841 | 666.22 | 14.40 | 5,707,963 | 590.21 | 13.88 |
| Caxton and CTP Publishers and Printers Ltd. | 266,016 | 5,429,828 | 62.44 | 1.35 | 5,163,812 | 62.69 | 1.47 |
| Media Total | 266,016 | 5,429,828 | 62.44 | 1.35 | 5,163,812 | 62.69 | 1.47 |
| Bid Corporation Ltd. | -52,435 | 143,440 | 67.73 | 1.46 | 195,875 | 86.15 | 2.03 |
| Boxer Retail Ltd. | 697,023 | 1,890,150 | 130.08 | 2.81 | 1,193,127 | 83.79 | 1.97 |
| Personal Care, Drug and Grocery Stores Total | 644,588 | 2,033,590 | 197.81 | 4.27 | 1,389,002 | 169.95 | 4.00 |
| Compagnie Financière Richemont SA | 93 | 1,359 | 4.53 | 0.10 | 1,266 | 4.04 | 0.10 |
| Personal Goods Total | 93 | 1,359 | 4.53 | 0.10 | 1,266 | 4.04 | 0.10 |
| Adcock Ingram Holdings Ltd. | 50,954 | 1,275,699 | 64.89 | 1.40 | 1,224,745 | 60.01 | 1.41 |
| Pharmaceuticals and Biotechnology Total | 50,954 | 1,275,699 | 64.89 | 1.40 | 1,224,745 | 60.01 | 1.41 |
| AngloGold Ashanti plc | -71,157 | 185,522 | 147.97 | 3.20 | 256,679 | 179.10 | 4.21 |
| Impala Platinum Holdings Ltd. | -699,318 | 0 | 0.00 | 0.00 | 699,318 | 88.91 | 2.09 |
| Northam Platinum Holdings Ltd. | -371,142 | 354,535 | 68.59 | 1.48 | 725,677 | 97.03 | 2.28 |
| Pan African Resources plc | -4,880,845 | 12,205,891 | 134.39 | 2.90 | 17,086,736 | 173.94 | 4.09 |
| Sibanye Stillwater Ltd. | 870,616 | 870,616 | 28.12 | 0.61 | 0 | 0.00 | 0.00 |
| Valterra Platinum Ltd. | -14,571 | 152,463 | 120.66 | 2.61 | 167,034 | 125.36 | 2.95 |
| Precious Metals and Mining Total | -5,166,417 | 13,769,027 | 499.73 | 10.80 | 18,935,444 | 664.34 | 15.62 |
| Trematon Capital Investments Ltd. | -278,183 | 10,840,649 | 16.26 | 0.35 | 11,118,832 | 20.57 | 0.48 |
| Real Estate Investment and Services Total | -278,183 | 10,840,649 | 16.26 | 0.35 | 11,118,832 | 20.57 | 0.48 |
| Spear REIT Ltd. | 1,800,000 | 12,614,146 | 128.66 | 2.78 | 10,814,146 | 104.57 | 2.46 |
| Real Estate Investment Trusts Total | 1,800,000 | 12,614,146 | 128.66 | 2.78 | 10,814,146 | 104.57 | 2.46 |
| CA Sales Holdings Ltd. | 1,903,683 | 1,903,683 | 33.20 | 0.72 | 0 | 0.00 | 0.00 |
| KAL Group Ltd. | 237,968 | 3,102,195 | 130.42 | 2.82 | 2,864,227 | 119.27 | 2.80 |
| Mr Price Group Ltd. | 66,836 | 255,371 | 56.62 | 1.22 | 188,535 | 41.75 | 0.98 |
| The Foschini Group Ltd. | 147,218 | 782,411 | 100.80 | 2.18 | 635,193 | 78.33 | 1.84 |
| Retailers Total | 2,355,705 | 6,043,660 | 321.04 | 6.94 | 3,687,955 | 239.35 | 5.63 |
| Capital Appreciation Ltd. | -11,423,100 | 0 | 0.00 | 0.00 | 11,423,100 | 15.76 | 0.37 |
| Naspers Ltd. | 7,457 | 54,023 | 299.40 | 6.47 | 46,566 | 211.51 | 4.97 |
| Prosus NV | 20,112 | 69,984 | 69.31 | 1.50 | 49,872 | 41.99 | 0.99 |
| Software and Computer Services Total | -11,395,531 | 124,007 | 368.71 | 7.97 | 11,519,538 | 269.26 | 6.33 |
| Mustek Ltd. | 0 | 2,186,043 | 30.74 | 0.66 | 2,186,043 | 30.45 | 0.72 |
| Technology Hardware and Equipment Total | 0 | 2,186,043 | 30.74 | 0.66 | 2,186,043 | 30.45 | 0.72 |
| Frontier Transport Holdings Ltd. | 33,612 | 8,892,474 | 60.47 | 1.31 | 8,858,862 | 60.77 | 1.43 |
| Southern Sun Ltd. | -2,792,320 | 4,594,818 | 40.43 | 0.87 | 7,387,138 | 61.68 | 1.45 |
| Spur Corporation Ltd. | 43,391 | 2,539,130 | 85.11 | 1.84 | 2,495,739 | 81.11 | 1.91 |
| Travel and Leisure Total | -2,715,317 | 16,026,422 | 186.01 | 4.02 | 18,741,739 | 203.57 | 4.79 |
| Portfolio Total | -16,069,157 | 149,255,659 | 4,627.96 | 100.00 | 165,324,816 | 4,253.36 | 100.00 |