| | | |
| Security | Change | # Units | Value (Rm) | % Fund | # Units | Value (Rm) | % Fund |
| Montauk Renewables Inc. | 15,822 | 2,396,862 | 87.92 | 1.81 | 2,381,040 | 95.60 | 2.07 |
| Alternative Energy Total | 15,822 | 2,396,862 | 87.92 | 1.81 | 2,381,040 | 95.60 | 2.07 |
| Absa Group Ltd. | 62,270 | 695,822 | 125.90 | 2.59 | 633,552 | 111.32 | 2.41 |
| FirstRand Ltd. | -123,996 | 1,001,175 | 77.93 | 1.60 | 1,125,171 | 85.76 | 1.85 |
| Investec plc | -36,385 | 619,673 | 79.63 | 1.64 | 656,058 | 86.65 | 1.87 |
| Nedbank Group Ltd. | -27,377 | 199,427 | 42.69 | 0.88 | 226,804 | 55.37 | 1.20 |
| Standard Bank Group Ltd. | -24,321 | 301,552 | 71.24 | 1.47 | 325,873 | 74.20 | 1.60 |
| Banks Total | -149,809 | 2,817,649 | 397.40 | 8.18 | 2,967,458 | 413.30 | 8.93 |
| Anheuser-Busch InBev SA/NV | -27,206 | 42,578 | 43.95 | 0.91 | 69,784 | 85.06 | 1.84 |
| Beverages Total | -27,206 | 42,578 | 43.95 | 0.91 | 69,784 | 85.06 | 1.84 |
| Cash on call | 0 | 0 | 0.21 | 0.00 | 0 | 45.75 | 0.99 |
| Cash on call Total | 0 | 0 | 0.21 | 0.00 | 0 | 45.75 | 0.99 |
| Wilson Bayly Holmes - Ovcon Ltd. | -91,401 | 0 | 0.00 | 0.00 | 91,401 | 16.83 | 0.36 |
| Construction and Materials Total | -91,401 | 0 | 0.00 | 0.00 | 91,401 | 16.83 | 0.36 |
| Curro Holdings Ltd. | -4,013,500 | 0 | 0.00 | 0.00 | 4,013,500 | 36.40 | 0.79 |
| Stadio Holdings Ltd. | -574,219 | 18,054,919 | 189.58 | 3.90 | 18,629,138 | 163.00 | 3.52 |
| Consumer Services Total | -4,587,719 | 18,054,919 | 189.58 | 3.90 | 22,642,638 | 199.41 | 4.31 |
| Reunert Ltd. | -188,163 | 796,015 | 42.65 | 0.88 | 984,178 | 57.67 | 1.25 |
| Electronic and Electrical Equipment Total | -188,163 | 796,015 | 42.65 | 0.88 | 984,178 | 57.67 | 1.25 |
| Rainbow Chicken Ltd. | -4,207,110 | 0 | 0.00 | 0.00 | 4,207,110 | 17.38 | 0.38 |
| Food Producers Total | -4,207,110 | 0 | 0.00 | 0.00 | 4,207,110 | 17.38 | 0.38 |
| Mondi plc | -113,398 | 182,503 | 43.10 | 0.89 | 295,901 | 86.02 | 1.86 |
| Nampak Ltd. | -28,134 | 452,873 | 205.60 | 4.23 | 481,007 | 253.51 | 5.48 |
| General Industrials Total | -141,532 | 635,376 | 248.71 | 5.12 | 776,908 | 339.53 | 7.34 |
| Life Healthcare Group Holdings Ltd. | -3,587,001 | 0 | 0.00 | 0.00 | 3,587,001 | 51.15 | 1.11 |
| Health Care Providers Total | -3,587,001 | 0 | 0.00 | 0.00 | 3,587,001 | 51.15 | 1.11 |
| York Timber Holdings Ltd. | 560,735 | 6,850,997 | 14.80 | 0.30 | 6,290,262 | 12.58 | 0.27 |
| Industrial Materials Total | 560,735 | 6,850,997 | 14.80 | 0.30 | 6,290,262 | 12.58 | 0.27 |
| African Rainbow Minerals Ltd. | -57,453 | 674,529 | 125.08 | 2.58 | 731,982 | 125.95 | 2.72 |
| Afrimat Ltd. | 200,236 | 2,988,164 | 114.06 | 2.35 | 2,787,928 | 123.70 | 2.67 |
| Anglo American plc | -1,951 | 363,579 | 234.53 | 4.83 | 365,530 | 190.33 | 4.11 |
| Glencore plc | -232,588 | 412,155 | 32.98 | 0.68 | 644,743 | 44.74 | 0.97 |
| Industrial Metals and Mining Total | -91,756 | 4,438,427 | 506.65 | 10.43 | 4,530,183 | 484.72 | 10.47 |
| Hudaco Industries Ltd. | 4,786 | 422,401 | 73.50 | 1.51 | 417,615 | 81.61 | 1.76 |
| Novus Holdings Ltd. | 573,704 | 24,616,514 | 155.08 | 3.19 | 24,042,810 | 180.32 | 3.90 |
| Industrial Support Services Total | 578,490 | 25,038,915 | 228.59 | 4.71 | 24,460,425 | 261.94 | 5.66 |
| Grindrod Ltd. | 6,437,714 | 6,437,714 | 97.21 | 2.00 | 0 | 0.00 | 0.00 |
| Industrial Transportation Total | 6,437,714 | 6,437,714 | 97.21 | 2.00 | 0 | 0.00 | 0.00 |
| Hosken Consolidated Investments Ltd. | 166,865 | 1,370,600 | 170.24 | 3.51 | 1,203,735 | 154.88 | 3.35 |
| Ninety One Ltd. | -661 | 0 | 0.00 | 0.00 | 661 | 0.03 | 0.00 |
| Ninety One plc | -322,291 | 2,233,017 | 104.75 | 2.16 | 2,555,308 | 114.35 | 2.47 |
| Reinet Investments SCA | -107,551 | 212,205 | 107.27 | 2.21 | 319,756 | 183.89 | 3.97 |
| Remgro Ltd. | -64,866 | 446,151 | 75.34 | 1.55 | 511,017 | 80.48 | 1.74 |
| Sabvest Capital Ltd. | -19,297 | 1,313,067 | 153.62 | 3.16 | 1,332,364 | 132.58 | 2.86 |
| Investment Banking and Brokerage Services Total | -347,801 | 5,575,040 | 611.22 | 12.59 | 5,922,841 | 666.22 | 14.40 |
| Caxton and CTP Publishers and Printers Ltd. | -270,875 | 5,158,953 | 70.16 | 1.44 | 5,429,828 | 62.44 | 1.35 |
| eMedia Holdings Ltd. | 154,404 | 154,404 | 0.27 | 0.01 | 0 | 0.00 | 0.00 |
| Media Total | -116,471 | 5,313,357 | 70.43 | 1.45 | 5,429,828 | 62.44 | 1.35 |
| Bid Corporation Ltd. | -37,107 | 106,333 | 45.94 | 0.95 | 143,440 | 67.73 | 1.46 |
| Boxer Retail Ltd. | -184,979 | 1,705,171 | 116.65 | 2.40 | 1,890,150 | 130.08 | 2.81 |
| Personal Care, Drug and Grocery Stores Total | -222,086 | 1,811,504 | 162.59 | 3.35 | 2,033,590 | 197.81 | 4.27 |
| Compagnie Financière Richemont SA | 1,323 | 2,682 | 8.77 | 0.18 | 1,359 | 4.53 | 0.10 |
| Personal Goods Total | 1,323 | 2,682 | 8.77 | 0.18 | 1,359 | 4.53 | 0.10 |
| Adcock Ingram Holdings Ltd. | 326,337 | 1,602,036 | 115.33 | 2.37 | 1,275,699 | 64.89 | 1.40 |
| Pharmaceuticals and Biotechnology Total | 326,337 | 1,602,036 | 115.33 | 2.37 | 1,275,699 | 64.89 | 1.40 |
| AngloGold Ashanti plc | 63,917 | 249,439 | 296.69 | 6.11 | 185,522 | 147.97 | 3.20 |
| Harmony Gold Mining Company Ltd. | 311,999 | 311,999 | 95.80 | 1.97 | 0 | 0.00 | 0.00 |
| Northam Platinum Holdings Ltd. | -354,535 | 0 | 0.00 | 0.00 | 354,535 | 68.59 | 1.48 |
| Pan African Resources plc | 2,311,094 | 14,516,985 | 291.79 | 6.01 | 12,205,891 | 134.39 | 2.90 |
| Sibanye Stillwater Ltd. | -870,616 | 0 | 0.00 | 0.00 | 870,616 | 28.12 | 0.61 |
| Valterra Platinum Ltd. | 65,156 | 217,619 | 262.88 | 5.41 | 152,463 | 120.66 | 2.61 |
| Precious Metals and Mining Total | 1,527,015 | 15,296,042 | 947.16 | 19.50 | 13,769,027 | 499.73 | 10.80 |
| Trematon Capital Investments Ltd. | 10,275 | 10,850,924 | 11.94 | 0.25 | 10,840,649 | 16.26 | 0.35 |
| Real Estate Investment and Services Total | 10,275 | 10,850,924 | 11.94 | 0.25 | 10,840,649 | 16.26 | 0.35 |
| Spear REIT Ltd. | 4,403 | 12,618,549 | 129.34 | 2.66 | 12,614,146 | 128.66 | 2.78 |
| Real Estate Investment Trusts Total | 4,403 | 12,618,549 | 129.34 | 2.66 | 12,614,146 | 128.66 | 2.78 |
| CA Sales Holdings Ltd. | 219,678 | 2,123,361 | 36.54 | 0.75 | 1,903,683 | 33.20 | 0.72 |
| KAL Group Ltd. | 34,070 | 3,136,265 | 130.47 | 2.69 | 3,102,195 | 130.42 | 2.82 |
| Mr Price Group Ltd. | 145,322 | 400,693 | 81.87 | 1.69 | 255,371 | 56.62 | 1.22 |
| Pepkor Holdings Ltd. | 2,522,110 | 2,522,110 | 61.74 | 1.27 | 0 | 0.00 | 0.00 |
| The Foschini Group Ltd. | -172,957 | 609,454 | 66.12 | 1.36 | 782,411 | 100.80 | 2.18 |
| Retailers Total | 2,748,223 | 8,791,883 | 376.75 | 7.76 | 6,043,660 | 321.04 | 6.94 |
| Naspers Ltd. | -5,419 | 48,604 | 306.28 | 6.31 | 54,023 | 299.40 | 6.47 |
| Prosus NV | -64,399 | 5,585 | 6.84 | 0.14 | 69,984 | 69.31 | 1.50 |
| Software and Computer Services Total | -69,818 | 54,189 | 313.12 | 6.45 | 124,007 | 368.71 | 7.97 |
| Mustek Ltd. | 0 | 2,186,043 | 29.29 | 0.60 | 2,186,043 | 30.74 | 0.66 |
| Technology Hardware and Equipment Total | 0 | 2,186,043 | 29.29 | 0.60 | 2,186,043 | 30.74 | 0.66 |
| Frontier Transport Holdings Ltd. | 411,949 | 9,304,423 | 67.46 | 1.39 | 8,892,474 | 60.47 | 1.31 |
| Southern Sun Ltd. | -987,117 | 3,607,701 | 30.92 | 0.64 | 4,594,818 | 40.43 | 0.87 |
| Spur Corporation Ltd. | 187,970 | 2,727,100 | 93.02 | 1.92 | 2,539,130 | 85.11 | 1.84 |
| Tsogo Sun Ltd. | 4,855,060 | 4,855,060 | 31.61 | 0.65 | 0 | 0.00 | 0.00 |
| Travel and Leisure Total | 4,467,862 | 20,494,284 | 223.00 | 4.59 | 16,026,422 | 186.01 | 4.02 |
| Portfolio Total | 2,850,326 | 152,105,985 | 4,856.59 | 100.00 | 149,255,659 | 4,627.96 | 100.00 |