| | | |
| Security | Change | # Units | Value (Rm) | % Fund | # Units | Value (Rm) | % Fund |
| Absa Group Ltd. | 3,509 | 33,798 | 8.15 | 2.89 | 30,289 | 7.25 | 2.58 |
| Capitec Bank Holdings Ltd. | 435 | 2,017 | 8.31 | 2.95 | 1,582 | 6.57 | 2.34 |
| FirstRand Ltd. | -5,645 | 83,924 | 7.45 | 2.64 | 89,569 | 8.13 | 2.89 |
| Investec plc | 173 | 45,192 | 5.84 | 2.07 | 45,019 | 5.50 | 1.95 |
| Nedbank Group Ltd. | -3,985 | 21,717 | 5.79 | 2.05 | 25,702 | 6.84 | 2.43 |
| Standard Bank Group Ltd. | 7,192 | 30,939 | 9.42 | 3.34 | 23,747 | 6.90 | 2.45 |
| Banks Total | 1,679 | 217,587 | 44.97 | 15.95 | 215,908 | 41.19 | 14.64 |
| Anheuser-Busch InBev SA/NV | 4,450 | 10,058 | 11.85 | 4.20 | 5,608 | 6.00 | 2.13 |
| Beverages Total | 4,450 | 10,058 | 11.85 | 4.20 | 5,608 | 6.00 | 2.13 |
| Cash on call | 0 | 0 | 0.08 | 0.03 | 0 | 0.73 | 0.26 |
| Cash on call Total | 0 | 0 | 0.08 | 0.03 | 0 | 0.73 | 0.26 |
| The Bidvest Group Ltd. | -617 | 25,872 | 5.89 | 2.09 | 26,489 | 6.29 | 2.24 |
| General Industrials Total | -617 | 25,872 | 5.89 | 2.09 | 26,489 | 6.29 | 2.24 |
| Anglo American plc | 2,187 | 11,200 | 8.09 | 2.87 | 9,013 | 6.17 | 2.19 |
| BHP Group Ltd. | -1,961 | 10,293 | 6.24 | 2.21 | 12,254 | 6.21 | 2.21 |
| Glencore plc | -14,789 | 57,661 | 7.38 | 2.62 | 72,450 | 6.60 | 2.35 |
| Industrial Metals and Mining Total | -14,563 | 79,154 | 21.71 | 7.70 | 93,717 | 18.99 | 6.75 |
| Reinet Investments SCA | -272 | 11,219 | 6.21 | 2.20 | 11,491 | 6.66 | 2.37 |
| Remgro Ltd. | -1,429 | 32,215 | 6.07 | 2.15 | 33,644 | 6.11 | 2.17 |
| Investment Banking and Brokerage Services Total | -1,701 | 43,434 | 12.28 | 4.36 | 45,135 | 12.77 | 4.54 |
| Discovery Ltd. | -3,678 | 25,691 | 6.41 | 2.27 | 29,369 | 6.68 | 2.38 |
| Old Mutual Ltd. | -61,793 | 379,173 | 5.23 | 1.86 | 440,966 | 6.57 | 2.33 |
| Sanlam Ltd. | -6,750 | 60,131 | 5.35 | 1.90 | 66,881 | 6.59 | 2.34 |
| Life Insurance Total | -72,221 | 464,995 | 16.99 | 6.03 | 537,216 | 19.84 | 7.05 |
| OUTsurance Group Ltd. | 7,910 | 82,740 | 5.76 | 2.04 | 74,830 | 5.36 | 1.91 |
| Non-life Insurance Total | 7,910 | 82,740 | 5.76 | 2.04 | 74,830 | 5.36 | 1.91 |
| Exxaro Resources Ltd. | -755 | 9,556 | 2.15 | 0.76 | 10,311 | 1.85 | 0.66 |
| Oil, Gas and Coal Total | -755 | 9,556 | 2.15 | 0.76 | 10,311 | 1.85 | 0.66 |
| Bid Corporation Ltd. | 1,305 | 14,892 | 6.07 | 2.15 | 13,587 | 5.73 | 2.04 |
| Clicks Group Ltd. | 2,389 | 18,745 | 5.43 | 1.92 | 16,356 | 5.50 | 1.96 |
| Shoprite Holdings Ltd. | 2,107 | 22,926 | 6.32 | 2.24 | 20,819 | 5.63 | 2.00 |
| Personal Care, Drug and Grocery Stores Total | 5,801 | 56,563 | 17.82 | 6.32 | 50,762 | 16.86 | 5.99 |
| Compagnie Financière Richemont SA | 92 | 1,851 | 5.48 | 1.94 | 1,759 | 6.38 | 2.27 |
| Personal Goods Total | 92 | 1,851 | 5.48 | 1.94 | 1,759 | 6.38 | 2.27 |
| Aspen Pharmacare Holdings Ltd. | 34,196 | 52,496 | 6.90 | 2.45 | 18,300 | 2.14 | 0.76 |
| Pharmaceuticals and Biotechnology Total | 34,196 | 52,496 | 6.90 | 2.45 | 18,300 | 2.14 | 0.76 |
| AngloGold Ashanti plc | 480 | 8,472 | 13.91 | 4.94 | 7,992 | 11.45 | 4.07 |
| DRDGOLD Ltd. | -78,000 | 32,016 | 1.58 | 0.56 | 110,016 | 5.76 | 2.05 |
| Gold Fields Ltd. | 561 | 19,579 | 14.89 | 5.28 | 19,018 | 13.80 | 4.90 |
| Harmony Gold Mining Company Ltd. | -8,417 | 19,112 | 4.89 | 1.74 | 27,529 | 9.28 | 3.30 |
| Impala Platinum Holdings Ltd. | 5,163 | 31,795 | 7.60 | 2.69 | 26,632 | 6.98 | 2.48 |
| Northam Platinum Holdings Ltd. | -4,531 | 16,433 | 5.59 | 1.98 | 20,964 | 7.07 | 2.51 |
| Pan African Resources plc | -34,722 | 220,278 | 6.94 | 2.46 | 255,000 | 6.87 | 2.44 |
| Sibanye Stillwater Ltd. | -35,268 | 85,906 | 4.38 | 1.56 | 121,174 | 7.33 | 2.61 |
| Valterra Platinum Ltd. | -941 | 6,624 | 9.28 | 3.29 | 7,565 | 10.66 | 3.79 |
| Precious Metals and Mining Total | -155,675 | 440,215 | 69.07 | 24.50 | 595,890 | 79.20 | 28.15 |
| NEPI Rockcastle NV | 20,653 | 41,375 | 5.80 | 2.06 | 20,722 | 3.02 | 1.07 |
| Real Estate Investment and Services Total | 20,653 | 41,375 | 5.80 | 2.06 | 20,722 | 3.02 | 1.07 |
| Growthpoint Properties Ltd. | 137,030 | 326,218 | 5.27 | 1.87 | 189,188 | 3.25 | 1.15 |
| Real Estate Investment Trusts Total | 137,030 | 326,218 | 5.27 | 1.87 | 189,188 | 3.25 | 1.15 |
| Mr Price Group Ltd. | -27,130 | 0 | 0.00 | 0.00 | 27,130 | 4.75 | 1.69 |
| Pepkor Holdings Ltd. | 3,516 | 230,789 | 5.22 | 1.85 | 227,273 | 6.01 | 2.14 |
| Woolworths Holdings Ltd. | 114,029 | 114,029 | 5.78 | 2.05 | 0 | 0.00 | 0.00 |
| Retailers Total | 90,415 | 344,818 | 11.00 | 3.90 | 254,403 | 10.76 | 3.82 |
| Naspers Ltd. | -312 | 13,861 | 11.95 | 4.24 | 14,173 | 15.65 | 5.56 |
| Prosus NV | 823 | 7,647 | 5.88 | 2.08 | 6,824 | 6.98 | 2.48 |
| Software and Computer Services Total | 511 | 21,508 | 17.83 | 6.32 | 20,997 | 22.64 | 8.04 |
| MTN Group Ltd. | -10,920 | 44,844 | 8.76 | 3.11 | 55,764 | 9.45 | 3.36 |
| Vodacom Group Ltd. | -3,462 | 38,672 | 5.58 | 1.98 | 42,134 | 5.95 | 2.12 |
| Telecommunications Service Providers Total | -14,382 | 83,516 | 14.35 | 5.09 | 97,898 | 15.41 | 5.47 |
| British American Tobacco plc | -2,408 | 6,725 | 6.76 | 2.40 | 9,133 | 8.72 | 3.10 |
| Tobacco Total | -2,408 | 6,725 | 6.76 | 2.40 | 9,133 | 8.72 | 3.10 |
| Portfolio Total | 40,415 | 2,308,681 | 281.95 | 100.00 | 2,268,266 | 281.40 | 100.00 |