| | | |
| Security | Change | # Units | Value (Rm) | % Fund | # Units | Value (Rm) | % Fund |
| Absa Group Ltd. | 14,270 | 114,060 | 20.04 | 3.60 | 99,790 | 17.60 | 3.47 |
| Capitec Bank Holdings Ltd. | -826 | 4,894 | 17.40 | 3.13 | 5,720 | 17.62 | 3.47 |
| FirstRand Ltd. | 20,479 | 587,746 | 44.80 | 8.05 | 567,267 | 40.80 | 8.03 |
| Standard Bank Group Ltd. | 16,132 | 154,888 | 35.27 | 6.33 | 138,756 | 33.33 | 6.56 |
| Banks Total | 50,055 | 861,588 | 117.51 | 21.10 | 811,533 | 109.35 | 21.54 |
| Anheuser-Busch InBev SA/NV | -937 | 10,336 | 12.60 | 2.26 | 11,273 | 12.73 | 2.51 |
| Beverages Total | -937 | 10,336 | 12.60 | 2.26 | 11,273 | 12.73 | 2.51 |
| Cash on call | 0 | 0 | 4.45 | 0.80 | 0 | 2.39 | 0.47 |
| Cash on call Total | 0 | 0 | 4.45 | 0.80 | 0 | 2.39 | 0.47 |
| AECI Ltd. | 0 | 47,114 | 5.00 | 0.90 | 47,114 | 4.60 | 0.91 |
| Sasol Ltd. | -12,665 | 58,969 | 4.74 | 0.85 | 71,634 | 5.46 | 1.08 |
| Chemicals Total | -12,665 | 106,083 | 9.74 | 1.75 | 118,748 | 10.06 | 1.98 |
| Wilson Bayly Holmes - Ovcon Ltd. | 0 | 27,194 | 5.01 | 0.90 | 27,194 | 4.97 | 0.98 |
| Construction and Materials Total | 0 | 27,194 | 5.01 | 0.90 | 27,194 | 4.97 | 0.98 |
| ADvTECH Ltd. | 168,040 | 208,535 | 6.81 | 1.22 | 40,495 | 1.34 | 0.26 |
| Consumer Services Total | 168,040 | 208,535 | 6.81 | 1.22 | 40,495 | 1.34 | 0.26 |
| Reunert Ltd. | 30,039 | 95,442 | 5.59 | 1.00 | 65,403 | 4.02 | 0.79 |
| Electronic and Electrical Equipment Total | 30,039 | 95,442 | 5.59 | 1.00 | 65,403 | 4.02 | 0.79 |
| AVI Ltd. | -29,174 | 0 | 0.00 | 0.00 | 29,174 | 2.60 | 0.51 |
| Tiger Brands Ltd. | -19,127 | 0 | 0.00 | 0.00 | 19,127 | 5.31 | 1.05 |
| Food Producers Total | -48,301 | 0 | 0.00 | 0.00 | 48,301 | 7.91 | 1.56 |
| Equity | 0 | 0 | 0.00 | 0.00 | 0 | 0.05 | 0.01 |
| General Equity Total | 0 | 0 | 0.00 | 0.00 | 0 | 0.05 | 0.01 |
| Mondi plc | 0 | 24,238 | 7.05 | 1.27 | 24,238 | 6.60 | 1.30 |
| The Bidvest Group Ltd. | 11,118 | 78,762 | 18.52 | 3.33 | 67,644 | 15.92 | 3.14 |
| General Industrials Total | 11,118 | 103,000 | 25.56 | 4.59 | 91,882 | 22.52 | 4.43 |
| Netcare Ltd. | -268,960 | 411,373 | 5.75 | 1.03 | 680,333 | 8.95 | 1.76 |
| Health Care Providers Total | -268,960 | 411,373 | 5.75 | 1.03 | 680,333 | 8.95 | 1.76 |
| Anglo American plc | -5,287 | 39,039 | 20.33 | 3.65 | 44,326 | 22.86 | 4.50 |
| BHP Group Ltd. | 23,426 | 23,426 | 9.97 | 1.79 | 0 | 0.00 | 0.00 |
| Glencore plc | 18,986 | 99,106 | 6.88 | 1.24 | 80,120 | 5.36 | 1.06 |
| South32 Ltd. | 32,913 | 146,391 | 4.99 | 0.90 | 113,478 | 4.27 | 0.84 |
| Industrial Metals and Mining Total | 70,038 | 307,962 | 42.17 | 7.57 | 237,924 | 32.49 | 6.40 |
| Super Group Ltd. | 100,548 | 344,390 | 5.49 | 0.99 | 243,842 | 6.90 | 1.36 |
| Industrial Transportation Total | 100,548 | 344,390 | 5.49 | 0.99 | 243,842 | 6.90 | 1.36 |
| Reinet Investments SCA | -5,342 | 10,568 | 6.08 | 1.09 | 15,910 | 7.13 | 1.40 |
| Remgro Ltd. | -42,340 | 43,257 | 6.81 | 1.22 | 85,597 | 13.32 | 2.62 |
| Investment Banking and Brokerage Services Total | -47,682 | 53,825 | 12.89 | 2.32 | 101,507 | 20.45 | 4.03 |
| Discovery Ltd. | 0 | 57,939 | 12.48 | 2.24 | 57,939 | 11.54 | 2.27 |
| Sanlam Ltd. | -31,025 | 156,069 | 13.87 | 2.49 | 187,094 | 15.62 | 3.08 |
| Life Insurance Total | -31,025 | 214,008 | 26.34 | 4.73 | 245,033 | 27.15 | 5.35 |
| Santam Ltd. | -6,310 | 5,911 | 2.52 | 0.45 | 12,221 | 4.57 | 0.90 |
| Non-life Insurance Total | -6,310 | 5,911 | 2.52 | 0.45 | 12,221 | 4.57 | 0.90 |
| Bid Corporation Ltd. | -13,705 | 19,699 | 9.30 | 1.67 | 33,404 | 14.69 | 2.89 |
| Clicks Group Ltd. | 11,072 | 32,747 | 12.19 | 2.19 | 21,675 | 7.31 | 1.44 |
| Dis-Chem Pharmacies Ltd. | 83,046 | 347,186 | 11.29 | 2.03 | 264,140 | 8.08 | 1.59 |
| Pick n Pay Stores Ltd. | 0 | 188,988 | 5.06 | 0.91 | 188,988 | 5.20 | 1.03 |
| Shoprite Holdings Ltd. | 0 | 37,644 | 10.54 | 1.89 | 37,644 | 10.20 | 2.01 |
| Personal Care, Drug and Grocery Stores Total | 80,413 | 626,264 | 48.38 | 8.69 | 545,851 | 45.49 | 8.96 |
| Compagnie Financière Richemont SA | 4,190 | 5,311 | 17.69 | 3.18 | 1,121 | 3.58 | 0.71 |
| Personal Goods Total | 4,190 | 5,311 | 17.69 | 3.18 | 1,121 | 3.58 | 0.71 |
| AngloGold Ashanti plc | 8,828 | 16,891 | 13.47 | 2.42 | 8,063 | 5.63 | 1.11 |
| Gold Fields Ltd. | 1,409 | 48,411 | 20.13 | 3.62 | 47,002 | 19.59 | 3.86 |
| Northam Platinum Holdings Ltd. | 0 | 77,106 | 14.92 | 2.68 | 77,106 | 10.31 | 2.03 |
| Valterra Platinum Ltd. | 6,776 | 17,689 | 14.00 | 2.51 | 10,913 | 8.19 | 1.61 |
| Precious Metals and Mining Total | 17,013 | 160,097 | 62.52 | 11.23 | 143,084 | 43.71 | 8.61 |
| Freedom Property Fund Ltd. | 645,000 | 645,000 | 0.05 | 0.01 | 0 | 0.00 | 0.00 |
| NEPI Rockcastle NV | 8,063 | 58,053 | 7.87 | 1.41 | 49,990 | 6.62 | 1.30 |
| Real Estate Investment and Services Total | 653,063 | 703,053 | 7.91 | 1.42 | 49,990 | 6.62 | 1.30 |
| Emira Property Fund Ltd. | 0 | 232,432 | 2.54 | 0.46 | 232,432 | 2.50 | 0.49 |
| Growthpoint Properties Ltd. | -189,725 | 140,809 | 1.87 | 0.34 | 330,534 | 4.28 | 0.84 |
| Redefine Properties Ltd. | 0 | 1,419,346 | 6.44 | 1.16 | 1,419,346 | 5.99 | 1.18 |
| Resilient REIT Ltd. | 0 | 71,862 | 4.34 | 0.78 | 71,862 | 4.12 | 0.81 |
| Real Estate Investment Trusts Total | -189,725 | 1,864,449 | 15.19 | 2.73 | 2,054,174 | 16.89 | 3.33 |
| Mr Price Group Ltd. | 6,379 | 54,323 | 12.04 | 2.16 | 47,944 | 10.62 | 2.09 |
| Pepkor Holdings Ltd. | -41,730 | 544,521 | 14.85 | 2.67 | 586,251 | 15.02 | 2.96 |
| Truworths International Ltd. | 72,832 | 72,832 | 5.19 | 0.93 | 0 | 0.00 | 0.00 |
| Retailers Total | 37,481 | 671,676 | 32.09 | 5.76 | 634,195 | 25.64 | 5.05 |
| Naspers Ltd. | -2,124 | 8,803 | 48.79 | 8.76 | 10,927 | 49.63 | 9.77 |
| Prosus NV | -7,589 | 20,596 | 20.40 | 3.66 | 28,185 | 23.73 | 4.67 |
| Software and Computer Services Total | -9,713 | 29,399 | 69.18 | 12.42 | 39,112 | 73.36 | 14.45 |
| MTN Group Ltd. | -19,826 | 83,443 | 11.79 | 2.12 | 103,269 | 12.80 | 2.52 |
| Telecommunications Service Providers Total | -19,826 | 83,443 | 11.79 | 2.12 | 103,269 | 12.80 | 2.52 |
| British American Tobacco plc | 6,264 | 11,273 | 9.63 | 1.73 | 5,009 | 3.83 | 0.75 |
| Tobacco Total | 6,264 | 11,273 | 9.63 | 1.73 | 5,009 | 3.83 | 0.75 |
| Portfolio Total | 593,118 | 6,904,612 | 556.83 | 100.00 | 6,311,494 | 507.76 | 100.00 |