| | | |
| Security | Change | # Units | Value (Rm) | % Fund | # Units | Value (Rm) | % Fund |
| Absa Group Ltd. | -64,146 | 48,803 | 11.68 | 1.86 | 112,949 | 20.44 | 3.43 |
| Capitec Bank Holdings Ltd. | -990 | 4,878 | 20.27 | 3.23 | 5,868 | 20.36 | 3.42 |
| FirstRand Ltd. | -221,980 | 255,752 | 23.21 | 3.69 | 477,732 | 37.19 | 6.25 |
| Standard Bank Group Ltd. | -47,973 | 104,574 | 30.37 | 4.83 | 152,547 | 36.04 | 6.06 |
| Banks Total | -335,089 | 414,007 | 85.53 | 13.61 | 749,096 | 114.03 | 19.16 |
| Anheuser-Busch InBev SA/NV | -5,462 | 19,101 | 20.45 | 3.25 | 24,563 | 25.36 | 4.26 |
| Beverages Total | -5,462 | 19,101 | 20.45 | 3.25 | 24,563 | 25.36 | 4.26 |
| Cash on call | 0 | 0 | 2.31 | 0.37 | 0 | 7.05 | 1.18 |
| Cash on call Total | 0 | 0 | 2.31 | 0.37 | 0 | 7.05 | 1.18 |
| AECI Ltd. | 8,834 | 55,948 | 5.00 | 0.80 | 47,114 | 4.58 | 0.77 |
| Sasol Ltd. | 74,548 | 104,032 | 11.05 | 1.76 | 29,484 | 3.17 | 0.53 |
| Chemicals Total | 83,382 | 159,980 | 16.05 | 2.55 | 76,598 | 7.74 | 1.30 |
| Wilson Bayly Holmes - Ovcon Ltd. | 5,235 | 45,652 | 7.63 | 1.21 | 40,417 | 6.06 | 1.02 |
| Construction and Materials Total | 5,235 | 45,652 | 7.63 | 1.21 | 40,417 | 6.06 | 1.02 |
| ADvTECH Ltd. | -24,305 | 209,230 | 7.79 | 1.24 | 233,535 | 7.37 | 1.24 |
| Consumer Services Total | -24,305 | 209,230 | 7.79 | 1.24 | 233,535 | 7.37 | 1.24 |
| Reunert Ltd. | 0 | 95,442 | 5.95 | 0.95 | 95,442 | 5.11 | 0.86 |
| Electronic and Electrical Equipment Total | 0 | 95,442 | 5.95 | 0.95 | 95,442 | 5.11 | 0.86 |
| Equity | 0 | 0 | 0.05 | 0.01 | 0 | 0.00 | 0.00 |
| General Equity Total | 0 | 0 | 0.05 | 0.01 | 0 | 0.00 | 0.00 |
| Mondi plc | -8,552 | 51,967 | 10.58 | 1.68 | 60,519 | 14.29 | 2.40 |
| The Bidvest Group Ltd. | -28,580 | 101,906 | 24.20 | 3.85 | 130,486 | 27.52 | 4.62 |
| General Industrials Total | -37,132 | 153,873 | 34.78 | 5.54 | 191,005 | 41.82 | 7.03 |
| Netcare Ltd. | -103,094 | 420,156 | 6.65 | 1.06 | 523,250 | 7.49 | 1.26 |
| Health Care Providers Total | -103,094 | 420,156 | 6.65 | 1.06 | 523,250 | 7.49 | 1.26 |
| Sappi Ltd. | 0 | 71,083 | 1.75 | 0.28 | 71,083 | 1.64 | 0.28 |
| Industrial Materials Total | 0 | 71,083 | 1.75 | 0.28 | 71,083 | 1.64 | 0.28 |
| Anglo American plc | 5,650 | 32,675 | 22.39 | 3.56 | 27,025 | 17.43 | 2.93 |
| BHP Group Ltd. | -14,265 | 2,894 | 1.47 | 0.23 | 17,159 | 8.21 | 1.38 |
| Glencore plc | -44,779 | 110,417 | 10.06 | 1.60 | 155,196 | 12.42 | 2.09 |
| South32 Ltd. | -39,837 | 106,554 | 4.19 | 0.67 | 146,391 | 4.63 | 0.78 |
| Industrial Metals and Mining Total | -93,231 | 252,540 | 38.11 | 6.07 | 345,771 | 42.69 | 7.17 |
| Super Group Ltd. | -187,863 | 0 | 0.00 | 0.00 | 187,863 | 2.40 | 0.40 |
| Industrial Transportation Total | -187,863 | 0 | 0.00 | 0.00 | 187,863 | 2.40 | 0.40 |
| Remgro Ltd. | 0 | 43,257 | 7.86 | 1.25 | 43,257 | 7.30 | 1.23 |
| Investment Banking and Brokerage Services Total | 0 | 43,257 | 7.86 | 1.25 | 43,257 | 7.30 | 1.23 |
| Discovery Ltd. | -25,270 | 48,915 | 11.13 | 1.77 | 74,185 | 14.68 | 2.47 |
| Old Mutual Ltd. | 468,855 | 468,855 | 6.99 | 1.11 | 0 | 0.00 | 0.00 |
| Sanlam Ltd. | -122,751 | 88,652 | 8.73 | 1.39 | 211,403 | 17.55 | 2.95 |
| Life Insurance Total | 320,834 | 606,422 | 26.85 | 4.27 | 285,588 | 32.23 | 5.41 |
| eMedia Holdings Ltd. | 2 | 18,152 | 0.04 | 0.01 | 18,150 | 0.03 | 0.01 |
| Media Total | 2 | 18,152 | 0.04 | 0.01 | 18,150 | 0.03 | 0.01 |
| OUTsurance Group Ltd. | 6,328 | 44,798 | 3.21 | 0.51 | 38,470 | 2.75 | 0.46 |
| Santam Ltd. | 4,634 | 17,913 | 7.66 | 1.22 | 13,279 | 5.01 | 0.84 |
| Non-life Insurance Total | 10,962 | 62,711 | 10.87 | 1.73 | 51,749 | 7.76 | 1.30 |
| Bid Corporation Ltd. | 35,549 | 70,096 | 29.57 | 4.71 | 34,547 | 14.92 | 2.51 |
| Clicks Group Ltd. | 36,234 | 87,623 | 29.49 | 4.69 | 51,389 | 18.19 | 3.06 |
| Dis-Chem Pharmacies Ltd. | -38,918 | 200,992 | 7.03 | 1.12 | 239,910 | 7.83 | 1.32 |
| Pick n Pay Stores Ltd. | 20,671 | 211,603 | 5.27 | 0.84 | 190,932 | 4.78 | 0.80 |
| Shoprite Holdings Ltd. | 17,713 | 77,431 | 20.92 | 3.33 | 59,718 | 16.37 | 2.75 |
| Personal Care, Drug and Grocery Stores Total | 71,249 | 647,745 | 92.29 | 14.69 | 576,496 | 62.10 | 10.43 |
| Compagnie Financière Richemont SA | -1,279 | 684 | 2.48 | 0.39 | 1,963 | 6.42 | 1.08 |
| Personal Goods Total | -1,279 | 684 | 2.48 | 0.39 | 1,963 | 6.42 | 1.08 |
| AngloGold Ashanti plc | 12,143 | 18,448 | 26.44 | 4.21 | 6,305 | 7.50 | 1.26 |
| Gold Fields Ltd. | 24,785 | 43,942 | 31.89 | 5.08 | 19,157 | 13.74 | 2.31 |
| Northam Platinum Holdings Ltd. | -5,009 | 41,506 | 13.99 | 2.23 | 46,515 | 12.98 | 2.18 |
| Valterra Platinum Ltd. | 1,317 | 18,834 | 26.55 | 4.23 | 17,517 | 21.16 | 3.56 |
| Precious Metals and Mining Total | 33,236 | 122,730 | 98.87 | 15.73 | 89,494 | 55.38 | 9.30 |
| Freedom Property Fund Ltd. | -645,000 | 0 | 0.00 | 0.00 | 645,000 | 0.05 | 0.01 |
| NEPI Rockcastle NV | 3,914 | 59,230 | 8.64 | 1.37 | 55,316 | 7.63 | 1.28 |
| Real Estate Investment and Services Total | -641,086 | 59,230 | 8.64 | 1.37 | 700,316 | 7.67 | 1.29 |
| Emira Property Fund Ltd. | -232,432 | 0 | 0.00 | 0.00 | 232,432 | 2.82 | 0.47 |
| Redefine Properties Ltd. | -755,163 | 261,727 | 1.57 | 0.25 | 1,016,890 | 5.04 | 0.85 |
| Resilient REIT Ltd. | -20,573 | 0 | 0.00 | 0.00 | 20,573 | 1.31 | 0.22 |
| Spear REIT Ltd. | 79,728 | 79,728 | 0.94 | 0.15 | 0 | 0.00 | 0.00 |
| Vukile Property Fund Ltd. | 66,104 | 66,104 | 1.65 | 0.26 | 0 | 0.00 | 0.00 |
| Real Estate Investment Trusts Total | -862,336 | 407,559 | 4.16 | 0.66 | 1,269,895 | 9.17 | 1.54 |
| Mr Price Group Ltd. | 15,928 | 76,725 | 13.43 | 2.14 | 60,797 | 12.42 | 2.09 |
| Pepkor Holdings Ltd. | -17,030 | 685,007 | 18.12 | 2.88 | 702,037 | 17.19 | 2.89 |
| Truworths International Ltd. | 19,730 | 139,085 | 7.92 | 1.26 | 119,355 | 6.52 | 1.09 |
| We Buy Cars Holdings Ltd. | 0 | 18,698 | 0.89 | 0.14 | 18,698 | 1.04 | 0.17 |
| Retailers Total | 18,628 | 919,515 | 40.36 | 6.42 | 900,887 | 37.16 | 6.24 |
| Naspers Ltd. | 47,751 | 57,310 | 63.30 | 10.07 | 9,559 | 60.24 | 10.12 |
| Prosus NV | 6,139 | 24,921 | 25.51 | 4.06 | 18,782 | 23.00 | 3.86 |
| Software and Computer Services Total | 53,890 | 82,231 | 88.81 | 14.13 | 28,341 | 83.24 | 13.99 |
| MTN Group Ltd. | 3,578 | 99,239 | 16.82 | 2.68 | 95,661 | 13.42 | 2.25 |
| Telecommunications Service Providers Total | 3,578 | 99,239 | 16.82 | 2.68 | 95,661 | 13.42 | 2.25 |
| British American Tobacco plc | -1,580 | 3,424 | 3.27 | 0.52 | 5,004 | 4.56 | 0.77 |
| Tobacco Total | -1,580 | 3,424 | 3.27 | 0.52 | 5,004 | 4.56 | 0.77 |
| Portfolio Total | -1,691,461 | 4,913,963 | 628.34 | 100.00 | 6,605,424 | 595.21 | 100.00 |