| | | |
| Security | Change | # Units | Value (Rm) | % Fund | # Units | Value (Rm) | % Fund |
| Absa Group Ltd. | -1,111 | 112,949 | 20.44 | 3.43 | 114,060 | 20.04 | 3.60 |
| Capitec Bank Holdings Ltd. | 974 | 5,868 | 20.36 | 3.42 | 4,894 | 17.40 | 3.13 |
| FirstRand Ltd. | -110,014 | 477,732 | 37.19 | 6.25 | 587,746 | 44.80 | 8.05 |
| Standard Bank Group Ltd. | -2,341 | 152,547 | 36.04 | 6.06 | 154,888 | 35.27 | 6.33 |
| Banks Total | -112,492 | 749,096 | 114.03 | 19.16 | 861,588 | 117.51 | 21.10 |
| Anheuser-Busch InBev SA/NV | 14,227 | 24,563 | 25.36 | 4.26 | 10,336 | 12.60 | 2.26 |
| Beverages Total | 14,227 | 24,563 | 25.36 | 4.26 | 10,336 | 12.60 | 2.26 |
| Cash on call | 0 | 0 | 7.05 | 1.18 | 0 | 4.45 | 0.80 |
| Cash on call Total | 0 | 0 | 7.05 | 1.18 | 0 | 4.45 | 0.80 |
| AECI Ltd. | 0 | 47,114 | 4.58 | 0.77 | 47,114 | 5.00 | 0.90 |
| Sasol Ltd. | -29,485 | 29,484 | 3.17 | 0.53 | 58,969 | 4.74 | 0.85 |
| Chemicals Total | -29,485 | 76,598 | 7.74 | 1.30 | 106,083 | 9.74 | 1.75 |
| Wilson Bayly Holmes - Ovcon Ltd. | 13,223 | 40,417 | 6.06 | 1.02 | 27,194 | 5.01 | 0.90 |
| Construction and Materials Total | 13,223 | 40,417 | 6.06 | 1.02 | 27,194 | 5.01 | 0.90 |
| ADvTECH Ltd. | 25,000 | 233,535 | 7.37 | 1.24 | 208,535 | 6.81 | 1.22 |
| Consumer Services Total | 25,000 | 233,535 | 7.37 | 1.24 | 208,535 | 6.81 | 1.22 |
| Reunert Ltd. | 0 | 95,442 | 5.11 | 0.86 | 95,442 | 5.59 | 1.00 |
| Electronic and Electrical Equipment Total | 0 | 95,442 | 5.11 | 0.86 | 95,442 | 5.59 | 1.00 |
| Mondi plc | 36,281 | 60,519 | 14.29 | 2.40 | 24,238 | 7.05 | 1.27 |
| The Bidvest Group Ltd. | 51,724 | 130,486 | 27.52 | 4.62 | 78,762 | 18.52 | 3.33 |
| General Industrials Total | 88,005 | 191,005 | 41.82 | 7.03 | 103,000 | 25.56 | 4.59 |
| Netcare Ltd. | 111,877 | 523,250 | 7.49 | 1.26 | 411,373 | 5.75 | 1.03 |
| Health Care Providers Total | 111,877 | 523,250 | 7.49 | 1.26 | 411,373 | 5.75 | 1.03 |
| Sappi Ltd. | 71,083 | 71,083 | 1.64 | 0.28 | 0 | 0.00 | 0.00 |
| Industrial Materials Total | 71,083 | 71,083 | 1.64 | 0.28 | 0 | 0.00 | 0.00 |
| Anglo American plc | -12,014 | 27,025 | 17.43 | 2.93 | 39,039 | 20.33 | 3.65 |
| BHP Group Ltd. | -6,267 | 17,159 | 8.21 | 1.38 | 23,426 | 9.97 | 1.79 |
| Glencore plc | 56,090 | 155,196 | 12.42 | 2.09 | 99,106 | 6.88 | 1.24 |
| South32 Ltd. | 0 | 146,391 | 4.63 | 0.78 | 146,391 | 4.99 | 0.90 |
| Industrial Metals and Mining Total | 37,809 | 345,771 | 42.69 | 7.17 | 307,962 | 42.17 | 7.57 |
| Super Group Ltd. | -156,527 | 187,863 | 2.40 | 0.40 | 344,390 | 5.49 | 0.99 |
| Industrial Transportation Total | -156,527 | 187,863 | 2.40 | 0.40 | 344,390 | 5.49 | 0.99 |
| Reinet Investments SCA | -10,568 | 0 | 0.00 | 0.00 | 10,568 | 6.08 | 1.09 |
| Remgro Ltd. | 0 | 43,257 | 7.30 | 1.23 | 43,257 | 6.81 | 1.22 |
| Investment Banking and Brokerage Services Total | -10,568 | 43,257 | 7.30 | 1.23 | 53,825 | 12.89 | 2.32 |
| Discovery Ltd. | 16,246 | 74,185 | 14.68 | 2.47 | 57,939 | 12.48 | 2.24 |
| Sanlam Ltd. | 55,334 | 211,403 | 17.55 | 2.95 | 156,069 | 13.87 | 2.49 |
| Life Insurance Total | 71,580 | 285,588 | 32.23 | 5.41 | 214,008 | 26.34 | 4.73 |
| eMedia Holdings Ltd. | 18,150 | 18,150 | 0.03 | 0.01 | 0 | 0.00 | 0.00 |
| Media Total | 18,150 | 18,150 | 0.03 | 0.01 | 0 | 0.00 | 0.00 |
| OUTsurance Group Ltd. | 38,470 | 38,470 | 2.75 | 0.46 | 0 | 0.00 | 0.00 |
| Santam Ltd. | 7,368 | 13,279 | 5.01 | 0.84 | 5,911 | 2.52 | 0.45 |
| Non-life Insurance Total | 45,838 | 51,749 | 7.76 | 1.30 | 5,911 | 2.52 | 0.45 |
| Bid Corporation Ltd. | 14,848 | 34,547 | 14.92 | 2.51 | 19,699 | 9.30 | 1.67 |
| Clicks Group Ltd. | 18,642 | 51,389 | 18.19 | 3.06 | 32,747 | 12.19 | 2.19 |
| Dis-Chem Pharmacies Ltd. | -107,276 | 239,910 | 7.83 | 1.32 | 347,186 | 11.29 | 2.03 |
| Pick n Pay Stores Ltd. | 1,944 | 190,932 | 4.78 | 0.80 | 188,988 | 5.06 | 0.91 |
| Shoprite Holdings Ltd. | 22,074 | 59,718 | 16.37 | 2.75 | 37,644 | 10.54 | 1.89 |
| Personal Care, Drug and Grocery Stores Total | -49,768 | 576,496 | 62.10 | 10.43 | 626,264 | 48.38 | 8.69 |
| Compagnie Financière Richemont SA | -3,348 | 1,963 | 6.42 | 1.08 | 5,311 | 17.69 | 3.18 |
| Personal Goods Total | -3,348 | 1,963 | 6.42 | 1.08 | 5,311 | 17.69 | 3.18 |
| AngloGold Ashanti plc | -10,586 | 6,305 | 7.50 | 1.26 | 16,891 | 13.47 | 2.42 |
| Gold Fields Ltd. | -29,254 | 19,157 | 13.74 | 2.31 | 48,411 | 20.13 | 3.62 |
| Northam Platinum Holdings Ltd. | -30,591 | 46,515 | 12.98 | 2.18 | 77,106 | 14.92 | 2.68 |
| Valterra Platinum Ltd. | -172 | 17,517 | 21.16 | 3.56 | 17,689 | 14.00 | 2.51 |
| Precious Metals and Mining Total | -70,603 | 89,494 | 55.38 | 9.30 | 160,097 | 62.52 | 11.23 |
| Freedom Property Fund Ltd. | 0 | 645,000 | 0.05 | 0.01 | 645,000 | 0.05 | 0.01 |
| NEPI Rockcastle NV | -2,737 | 55,316 | 7.63 | 1.28 | 58,053 | 7.87 | 1.41 |
| Real Estate Investment and Services Total | -2,737 | 700,316 | 7.67 | 1.29 | 703,053 | 7.91 | 1.42 |
| Emira Property Fund Ltd. | 0 | 232,432 | 2.82 | 0.47 | 232,432 | 2.54 | 0.46 |
| Growthpoint Properties Ltd. | -140,809 | 0 | 0.00 | 0.00 | 140,809 | 1.87 | 0.34 |
| Redefine Properties Ltd. | -402,456 | 1,016,890 | 5.04 | 0.85 | 1,419,346 | 6.44 | 1.16 |
| Resilient REIT Ltd. | -51,289 | 20,573 | 1.31 | 0.22 | 71,862 | 4.34 | 0.78 |
| Real Estate Investment Trusts Total | -594,554 | 1,269,895 | 9.17 | 1.54 | 1,864,449 | 15.19 | 2.73 |
| Mr Price Group Ltd. | 6,474 | 60,797 | 12.42 | 2.09 | 54,323 | 12.04 | 2.16 |
| Pepkor Holdings Ltd. | 157,516 | 702,037 | 17.19 | 2.89 | 544,521 | 14.85 | 2.67 |
| Truworths International Ltd. | 46,523 | 119,355 | 6.52 | 1.09 | 72,832 | 5.19 | 0.93 |
| We Buy Cars Holdings Ltd. | 18,698 | 18,698 | 1.04 | 0.17 | 0 | 0.00 | 0.00 |
| Retailers Total | 229,211 | 900,887 | 37.16 | 6.24 | 671,676 | 32.09 | 5.76 |
| Naspers Ltd. | 756 | 9,559 | 60.24 | 10.12 | 8,803 | 48.79 | 8.76 |
| Prosus NV | -1,814 | 18,782 | 23.00 | 3.86 | 20,596 | 20.40 | 3.66 |
| Software and Computer Services Total | -1,058 | 28,341 | 83.24 | 13.99 | 29,399 | 69.18 | 12.42 |
| MTN Group Ltd. | 12,218 | 95,661 | 13.42 | 2.25 | 83,443 | 11.79 | 2.12 |
| Telecommunications Service Providers Total | 12,218 | 95,661 | 13.42 | 2.25 | 83,443 | 11.79 | 2.12 |
| British American Tobacco plc | -6,269 | 5,004 | 4.56 | 0.77 | 11,273 | 9.63 | 1.73 |
| Tobacco Total | -6,269 | 5,004 | 4.56 | 0.77 | 11,273 | 9.63 | 1.73 |
| Portfolio Total | -299,188 | 6,605,424 | 595.21 | 100.00 | 6,904,612 | 556.83 | 100.00 |