| | | |
| Security | Change | # Units | Value (Rm) | % Fund | # Units | Value (Rm) | % Fund |
| Absa Group Ltd. | -15,138 | 99,790 | 17.60 | 3.47 | 114,928 | 21.81 | 4.38 |
| Capitec Bank Holdings Ltd. | 2,474 | 5,720 | 17.62 | 3.47 | 3,246 | 10.17 | 2.04 |
| FirstRand Ltd. | 28,542 | 567,267 | 40.80 | 8.03 | 538,725 | 40.92 | 8.21 |
| Standard Bank Group Ltd. | -18,281 | 138,756 | 33.33 | 6.56 | 157,037 | 34.82 | 6.99 |
| Banks Total | -2,403 | 811,533 | 109.35 | 21.54 | 813,936 | 107.73 | 21.62 |
| Anheuser-Busch InBev SA/NV | -1,154 | 11,273 | 12.73 | 2.51 | 12,427 | 11.66 | 2.34 |
| Beverages Total | -1,154 | 11,273 | 12.73 | 2.51 | 12,427 | 11.66 | 2.34 |
| Cash on call | 0 | 0 | 2.39 | 0.47 | 0 | 2.65 | 0.53 |
| Cash on call Total | 0 | 0 | 2.39 | 0.47 | 0 | 2.65 | 0.53 |
| AECI Ltd. | -695 | 47,114 | 4.60 | 0.91 | 47,809 | 4.18 | 0.84 |
| Sasol Ltd. | -659 | 71,634 | 5.46 | 1.08 | 72,293 | 6.02 | 1.21 |
| Chemicals Total | -1,354 | 118,748 | 10.06 | 1.98 | 120,102 | 10.20 | 2.05 |
| Raubex Group Ltd. | -86,023 | 0 | 0.00 | 0.00 | 86,023 | 4.56 | 0.92 |
| Wilson Bayly Holmes - Ovcon Ltd. | 9,396 | 27,194 | 4.97 | 0.98 | 17,798 | 4.15 | 0.83 |
| Construction and Materials Total | -76,627 | 27,194 | 4.97 | 0.98 | 103,821 | 8.71 | 1.75 |
| ADvTECH Ltd. | 0 | 40,495 | 1.34 | 0.26 | 40,495 | 1.37 | 0.28 |
| Consumer Services Total | 0 | 40,495 | 1.34 | 0.26 | 40,495 | 1.37 | 0.28 |
| Reunert Ltd. | 0 | 65,403 | 4.02 | 0.79 | 65,403 | 4.91 | 0.98 |
| Electronic and Electrical Equipment Total | 0 | 65,403 | 4.02 | 0.79 | 65,403 | 4.91 | 0.98 |
| AVI Ltd. | 29,174 | 29,174 | 2.60 | 0.51 | 0 | 0.00 | 0.00 |
| Tiger Brands Ltd. | 10,789 | 19,127 | 5.31 | 1.05 | 8,338 | 2.41 | 0.48 |
| Food Producers Total | 39,963 | 48,301 | 7.91 | 1.56 | 8,338 | 2.41 | 0.48 |
| Equity | 0 | 0 | 0.05 | 0.01 | 0 | 0.05 | 0.01 |
| General Equity Total | 0 | 0 | 0.05 | 0.01 | 0 | 0.05 | 0.01 |
| Mondi plc | -289 | 24,238 | 6.60 | 1.30 | 24,527 | 6.81 | 1.37 |
| The Bidvest Group Ltd. | 7,542 | 67,644 | 15.92 | 3.14 | 60,102 | 15.85 | 3.18 |
| General Industrials Total | 7,253 | 91,882 | 22.52 | 4.43 | 84,629 | 22.65 | 4.55 |
| Netcare Ltd. | 183,657 | 680,333 | 8.95 | 1.76 | 496,676 | 7.41 | 1.49 |
| Health Care Providers Total | 183,657 | 680,333 | 8.95 | 1.76 | 496,676 | 7.41 | 1.49 |
| Anglo American plc | 4,257 | 44,326 | 22.86 | 4.50 | 40,069 | 22.11 | 4.44 |
| BHP Group Ltd. | -15,710 | 0 | 0.00 | 0.00 | 15,710 | 7.23 | 1.45 |
| Glencore plc | 80,120 | 80,120 | 5.36 | 1.06 | 0 | 0.00 | 0.00 |
| South32 Ltd. | 30,163 | 113,478 | 4.27 | 0.84 | 83,315 | 3.32 | 0.67 |
| Industrial Metals and Mining Total | 98,830 | 237,924 | 32.49 | 6.40 | 139,094 | 32.67 | 6.56 |
| Hudaco Industries Ltd. | -4,725 | 0 | 0.00 | 0.00 | 4,725 | 1.02 | 0.20 |
| Industrial Support Services Total | -4,725 | 0 | 0.00 | 0.00 | 4,725 | 1.02 | 0.20 |
| Super Group Ltd. | -3,028 | 243,842 | 6.90 | 1.36 | 246,870 | 7.28 | 1.46 |
| Industrial Transportation Total | -3,028 | 243,842 | 6.90 | 1.36 | 246,870 | 7.28 | 1.46 |
| Reinet Investments SCA | 15,910 | 15,910 | 7.13 | 1.40 | 0 | 0.00 | 0.00 |
| Remgro Ltd. | 8,520 | 85,597 | 13.32 | 2.62 | 77,077 | 11.95 | 2.40 |
| Investment Banking and Brokerage Services Total | 24,430 | 101,507 | 20.45 | 4.03 | 77,077 | 11.95 | 2.40 |
| Discovery Ltd. | -743 | 57,939 | 11.54 | 2.27 | 58,682 | 11.43 | 2.29 |
| Old Mutual Ltd. | -360,137 | 0 | 0.00 | 0.00 | 360,137 | 4.51 | 0.90 |
| Sanlam Ltd. | 23,327 | 187,094 | 15.62 | 3.08 | 163,767 | 14.23 | 2.86 |
| Life Insurance Total | -337,553 | 245,033 | 27.15 | 5.35 | 582,586 | 30.16 | 6.05 |
| Santam Ltd. | -3,221 | 12,221 | 4.57 | 0.90 | 15,442 | 6.06 | 1.22 |
| Non-life Insurance Total | -3,221 | 12,221 | 4.57 | 0.90 | 15,442 | 6.06 | 1.22 |
| Bid Corporation Ltd. | -6,986 | 33,404 | 14.69 | 2.89 | 40,390 | 17.39 | 3.49 |
| Clicks Group Ltd. | 21,675 | 21,675 | 7.31 | 1.44 | 0 | 0.00 | 0.00 |
| Dis-Chem Pharmacies Ltd. | 36,565 | 264,140 | 8.08 | 1.59 | 227,575 | 8.22 | 1.65 |
| Pick n Pay Stores Ltd. | -2,034 | 188,988 | 5.20 | 1.03 | 191,022 | 5.86 | 1.18 |
| Shoprite Holdings Ltd. | 18,108 | 37,644 | 10.20 | 2.01 | 19,536 | 5.75 | 1.15 |
| Personal Care, Drug and Grocery Stores Total | 67,328 | 545,851 | 45.49 | 8.96 | 478,523 | 37.22 | 7.47 |
| Compagnie Financière Richemont SA | -1,972 | 1,121 | 3.58 | 0.71 | 3,093 | 8.59 | 1.72 |
| Personal Goods Total | -1,972 | 1,121 | 3.58 | 0.71 | 3,093 | 8.59 | 1.72 |
| AngloGold Ashanti plc | -4,875 | 8,063 | 5.63 | 1.11 | 12,938 | 5.45 | 1.09 |
| Gold Fields Ltd. | -32,896 | 47,002 | 19.59 | 3.86 | 79,898 | 19.74 | 3.96 |
| Impala Platinum Holdings Ltd. | -20,437 | 0 | 0.00 | 0.00 | 20,437 | 1.79 | 0.36 |
| Northam Platinum Holdings Ltd. | 11,071 | 77,106 | 10.31 | 2.03 | 66,035 | 6.43 | 1.29 |
| Valterra Platinum Ltd. | 3,745 | 10,913 | 8.19 | 1.61 | 7,168 | 4.08 | 0.82 |
| Precious Metals and Mining Total | -43,392 | 143,084 | 43.71 | 8.61 | 186,476 | 37.49 | 7.53 |
| NEPI Rockcastle NV | -1,229 | 49,990 | 6.62 | 1.30 | 51,219 | 7.07 | 1.42 |
| Real Estate Investment and Services Total | -1,229 | 49,990 | 6.62 | 1.30 | 51,219 | 7.07 | 1.42 |
| Emira Property Fund Ltd. | 232,432 | 232,432 | 2.50 | 0.49 | 0 | 0.00 | 0.00 |
| Equites Property Fund Ltd. | -89,612 | 0 | 0.00 | 0.00 | 89,612 | 1.32 | 0.26 |
| Growthpoint Properties Ltd. | -4,135 | 330,534 | 4.28 | 0.84 | 334,669 | 4.26 | 0.86 |
| Redefine Properties Ltd. | 276,141 | 1,419,346 | 5.99 | 1.18 | 1,143,205 | 5.20 | 1.04 |
| Resilient REIT Ltd. | -404 | 71,862 | 4.12 | 0.81 | 72,266 | 4.25 | 0.85 |
| Real Estate Investment Trusts Total | 414,422 | 2,054,174 | 16.89 | 3.33 | 1,639,752 | 15.03 | 3.02 |
| Mr Price Group Ltd. | 10,080 | 47,944 | 10.62 | 2.09 | 37,864 | 11.18 | 2.24 |
| Pepkor Holdings Ltd. | -3,144 | 586,251 | 15.02 | 2.96 | 589,395 | 17.06 | 3.42 |
| Retailers Total | 6,936 | 634,195 | 25.64 | 5.05 | 627,259 | 28.24 | 5.67 |
| Naspers Ltd. | -1,260 | 10,927 | 49.63 | 9.77 | 12,187 | 50.86 | 10.21 |
| Prosus NV | 2,134 | 28,185 | 23.73 | 4.67 | 26,051 | 19.51 | 3.92 |
| Software and Computer Services Total | 874 | 39,112 | 73.36 | 14.45 | 38,238 | 70.37 | 14.12 |
| MTN Group Ltd. | -68,217 | 103,269 | 12.80 | 2.52 | 171,486 | 15.77 | 3.17 |
| Telecommunications Service Providers Total | -68,217 | 103,269 | 12.80 | 2.52 | 171,486 | 15.77 | 3.17 |
| British American Tobacco plc | -8,864 | 5,009 | 3.83 | 0.75 | 13,873 | 9.57 | 1.92 |
| Tobacco Total | -8,864 | 5,009 | 3.83 | 0.75 | 13,873 | 9.57 | 1.92 |
| Portfolio Total | 289,954 | 6,311,494 | 507.76 | 100.00 | 6,021,540 | 498.25 | 100.00 |