| | | |
| Security | Change | # Units | Value (Rm) | % Fund | # Units | Value (Rm) | % Fund |
| Absa Group Ltd. | 29,110 | 231,202 | 40.62 | 2.49 | 202,092 | 35.65 | 2.32 |
| Capitec Bank Holdings Ltd. | 2,880 | 14,901 | 52.98 | 3.25 | 12,021 | 37.04 | 2.41 |
| FirstRand Ltd. | 42,647 | 809,207 | 61.68 | 3.78 | 766,560 | 55.13 | 3.59 |
| Investec Ltd. | 15,031 | 123,303 | 16.31 | 1.00 | 108,272 | 12.27 | 0.80 |
| Investec plc | 64,385 | 156,517 | 20.67 | 1.27 | 92,132 | 10.40 | 0.68 |
| Standard Bank Group Ltd. | -58,149 | 245,242 | 55.84 | 3.42 | 303,391 | 72.87 | 4.75 |
| Banks Total | 95,904 | 1,580,372 | 248.11 | 15.21 | 1,484,468 | 223.36 | 14.55 |
| Anheuser-Busch InBev SA/NV | 811 | 58,225 | 70.97 | 4.35 | 57,414 | 64.85 | 4.23 |
| Beverages Total | 811 | 58,225 | 70.97 | 4.35 | 57,414 | 64.85 | 4.23 |
| SA Bond AGT03 | -4,000,000 | 0 | 0.00 | 0.00 | 4,000,000 | 4.05 | 0.26 |
| SA Bond ASC001 | 0 | 15,000,000 | 15.00 | 0.92 | 15,000,000 | 15.00 | 0.98 |
| SA Bond FRB28 | 0 | 13,000,000 | 13.28 | 0.81 | 13,000,000 | 13.34 | 0.87 |
| SA Bond FRB34 | 0 | 10,000,000 | 10.38 | 0.64 | 10,000,000 | 10.18 | 0.66 |
| SA Bond FRB42 | 0 | 4,000,000 | 4.01 | 0.25 | 4,000,000 | 4.01 | 0.26 |
| SA Bond I2031 | -1,300,000 | 27,300,000 | 29.70 | 1.82 | 28,600,000 | 30.72 | 2.00 |
| SA Bond I2033 | -5,000,000 | 6,400,000 | 8.29 | 0.51 | 11,400,000 | 14.53 | 0.95 |
| SA Bond NGT108 | 0 | 7,000,000 | 7.23 | 0.44 | 7,000,000 | 7.26 | 0.47 |
| SA Bond NHM026 | 0 | 7,000,000 | 7.08 | 0.43 | 7,000,000 | 7.08 | 0.46 |
| SA Bond R2032 | 88,100,000 | 88,100,000 | 85.96 | 5.27 | 0 | 0.00 | 0.00 |
| SA Bond R2035 | -70,700,000 | 65,300,000 | 62.95 | 3.86 | 136,000,000 | 122.85 | 8.00 |
| SA Bond R2037 | -21,500,000 | 38,500,000 | 34.87 | 2.14 | 60,000,000 | 50.76 | 3.31 |
| SA Bond SBT105 | 0 | 23,000,000 | 23.41 | 1.44 | 23,000,000 | 23.49 | 1.53 |
| SA Bond SBT106 | 0 | 11,500,000 | 11.82 | 0.73 | 11,500,000 | 11.87 | 0.77 |
| SA Bond SBT107 | 0 | 22,000,000 | 23.18 | 1.42 | 22,000,000 | 22.97 | 1.50 |
| SA Bond SBT108 | 0 | 10,000,000 | 10.53 | 0.65 | 10,000,000 | 10.52 | 0.69 |
| SA Bond SBT110 | 0 | 5,700,000 | 5.79 | 0.36 | 5,700,000 | 5.80 | 0.38 |
| Bond Total | -14,400,000 | 353,800,000 | 353.48 | 21.67 | 368,200,000 | 354.44 | 23.09 |
| Cash on call | 0 | 0 | 20.73 | 1.27 | 0 | 47.02 | 3.06 |
| Margin Account | 0 | 0 | 0.01 | 0.00 | 0 | 0.78 | 0.05 |
| Cash on call Total | 0 | 0 | 20.74 | 1.27 | 0 | 47.80 | 3.11 |
| AECI Ltd. | -2,196 | 69,705 | 7.40 | 0.45 | 71,901 | 7.01 | 0.46 |
| Sasol Ltd. | 81,526 | 81,526 | 6.55 | 0.40 | 0 | 0.00 | 0.00 |
| Chemicals Total | 79,330 | 151,231 | 13.95 | 0.86 | 71,901 | 7.01 | 0.46 |
| Wilson Bayly Holmes - Ovcon Ltd. | -26,306 | 29,930 | 5.51 | 0.34 | 56,236 | 10.28 | 0.67 |
| Construction and Materials Total | -26,306 | 29,930 | 5.51 | 0.34 | 56,236 | 10.28 | 0.67 |
| Equity Derivative | 0 | 0 | 0.00 | 0.00 | 0 | -0.09 | -0.01 |
| Derivatives Total | 0 | 0 | 0.00 | 0.00 | 0 | -0.09 | -0.01 |
| Astral Foods Ltd. | -12,094 | 35,806 | 6.43 | 0.39 | 47,900 | 7.90 | 0.51 |
| AVI Ltd. | 0 | 20,624 | 1.95 | 0.12 | 20,624 | 1.84 | 0.12 |
| Tiger Brands Ltd. | -12,086 | 0 | 0.00 | 0.00 | 12,086 | 3.36 | 0.22 |
| Food Producers Total | -24,180 | 56,430 | 8.38 | 0.51 | 80,610 | 13.10 | 0.85 |
| KAP Ltd. | -11,817 | 1,582,196 | 3.24 | 0.20 | 1,594,013 | 4.00 | 0.26 |
| Mondi plc | -1,815 | 15,336 | 4.46 | 0.27 | 17,151 | 4.67 | 0.30 |
| General Industrials Total | -13,632 | 1,597,532 | 7.70 | 0.47 | 1,611,164 | 8.67 | 0.56 |
| Sappi Ltd. | 67,005 | 356,546 | 10.65 | 0.65 | 289,541 | 10.54 | 0.69 |
| Industrial Materials Total | 67,005 | 356,546 | 10.65 | 0.65 | 289,541 | 10.54 | 0.69 |
| Afrimat Ltd. | -67,573 | 0 | 0.00 | 0.00 | 67,573 | 3.94 | 0.26 |
| Anglo American plc | -41,686 | 50,085 | 26.08 | 1.60 | 91,771 | 47.26 | 3.08 |
| Glencore plc | 548,940 | 708,504 | 49.16 | 3.01 | 159,564 | 10.68 | 0.70 |
| Kumba Iron Ore Ltd. | -7,773 | 18,704 | 5.34 | 0.33 | 26,477 | 8.26 | 0.54 |
| Industrial Metals and Mining Total | 431,908 | 777,293 | 80.58 | 4.94 | 345,385 | 70.15 | 4.57 |
| Grindrod Ltd. | 0 | 622,207 | 7.83 | 0.48 | 622,207 | 7.58 | 0.49 |
| Industrial Transportation Total | 0 | 622,207 | 7.83 | 0.48 | 622,207 | 7.58 | 0.49 |
| Hosken Consolidated Investments Ltd. | 0 | 10,726 | 1.38 | 0.08 | 10,726 | 1.45 | 0.09 |
| Quilter plc | 117,174 | 708,496 | 26.89 | 1.65 | 591,322 | 20.96 | 1.37 |
| Reinet Investments SCA | 0 | 18,765 | 10.79 | 0.66 | 18,765 | 8.41 | 0.55 |
| Remgro Ltd. | 4,395 | 141,382 | 22.27 | 1.37 | 136,987 | 21.32 | 1.39 |
| Investment Banking and Brokerage Services Total | 121,569 | 879,369 | 61.33 | 3.76 | 757,800 | 52.14 | 3.40 |
| Discovery Ltd. | 16,415 | 149,889 | 32.28 | 1.98 | 133,474 | 26.57 | 1.73 |
| Momentum Group Ltd. | 395,978 | 395,978 | 13.61 | 0.83 | 0 | 0.00 | 0.00 |
| Sanlam Ltd. | -104,512 | 219,299 | 19.48 | 1.19 | 323,811 | 27.03 | 1.76 |
| Life Insurance Total | 307,881 | 765,166 | 65.38 | 4.01 | 457,285 | 53.61 | 3.49 |
| Exxaro Resources Ltd. | -17,861 | 0 | 0.00 | 0.00 | 17,861 | 2.66 | 0.17 |
| Oil, Gas and Coal Total | -17,861 | 0 | 0.00 | 0.00 | 17,861 | 2.66 | 0.17 |
| Bid Corporation Ltd. | -2,137 | 111,240 | 52.53 | 3.22 | 113,377 | 49.87 | 3.25 |
| Boxer Retail Ltd. | -129,863 | 49,783 | 3.43 | 0.21 | 179,646 | 12.62 | 0.82 |
| Dis-Chem Pharmacies Ltd. | 0 | 59,877 | 1.95 | 0.12 | 59,877 | 1.83 | 0.12 |
| Shoprite Holdings Ltd. | 11,022 | 22,302 | 6.24 | 0.38 | 11,280 | 3.06 | 0.20 |
| The SPAR Group Ltd. | -4,817 | 68,001 | 7.33 | 0.45 | 72,818 | 8.67 | 0.56 |
| Personal Care, Drug and Grocery Stores Total | -125,795 | 311,203 | 71.47 | 4.38 | 436,998 | 76.04 | 4.95 |
| Compagnie Financière Richemont SA | -8,668 | 0 | 0.00 | 0.00 | 8,668 | 27.69 | 1.80 |
| Personal Goods Total | -8,668 | 0 | 0.00 | 0.00 | 8,668 | 27.69 | 1.80 |
| Aspen Pharmacare Holdings Ltd. | -48,420 | 104,609 | 12.51 | 0.77 | 153,029 | 24.88 | 1.62 |
| Pharmaceuticals and Biotechnology Total | -48,420 | 104,609 | 12.51 | 0.77 | 153,029 | 24.88 | 1.62 |
| AngloGold Ashanti plc | 2,832 | 58,966 | 47.03 | 2.88 | 56,134 | 39.17 | 2.55 |
| DRDGOLD Ltd. | -21,421 | 49,771 | 1.17 | 0.07 | 71,192 | 2.01 | 0.13 |
| Gold Fields Ltd. | -3,395 | 65,849 | 27.38 | 1.68 | 69,244 | 28.85 | 1.88 |
| Harmony Gold Mining Company Ltd. | 19,615 | 46,283 | 11.17 | 0.69 | 26,668 | 7.10 | 0.46 |
| Impala Platinum Holdings Ltd. | 8,397 | 198,191 | 31.58 | 1.94 | 189,794 | 24.13 | 1.57 |
| Northam Platinum Holdings Ltd. | 52,109 | 112,033 | 21.68 | 1.33 | 59,924 | 8.01 | 0.52 |
| Pan African Resources plc | -628,623 | 589,911 | 6.49 | 0.40 | 1,218,534 | 12.40 | 0.81 |
| Sibanye Stillwater Ltd. | 451,425 | 451,425 | 14.58 | 0.89 | 0 | 0.00 | 0.00 |
| Valterra Platinum Ltd. | 10,631 | 16,046 | 12.70 | 0.78 | 5,415 | 4.06 | 0.26 |
| Precious Metals and Mining Total | -108,430 | 1,588,475 | 173.79 | 10.66 | 1,696,905 | 125.74 | 8.19 |
| Fortress Real Estate Investments Ltd. | 456,998 | 619,880 | 12.39 | 0.76 | 162,882 | 3.09 | 0.20 |
| NEPI Rockcastle NV | 0 | 1,875 | 0.25 | 0.02 | 1,875 | 0.25 | 0.02 |
| Real Estate Investment and Services Total | 456,998 | 621,755 | 12.64 | 0.77 | 164,757 | 3.34 | 0.22 |
| Dipula Properties Ltd. | 11,906 | 443,357 | 2.37 | 0.15 | 431,451 | 2.23 | 0.15 |
| Growthpoint Properties Ltd. | 171,542 | 171,542 | 2.28 | 0.14 | 0 | 0.00 | 0.00 |
| Redefine Properties Ltd. | 1,757,961 | 1,757,961 | 7.98 | 0.49 | 0 | 0.00 | 0.00 |
| Resilient REIT Ltd. | 85,258 | 85,258 | 5.15 | 0.32 | 0 | 0.00 | 0.00 |
| SA Corporate Real Estate Ltd. | 2,152,876 | 2,152,876 | 6.76 | 0.41 | 0 | 0.00 | 0.00 |
| Sirius Real Estate Ltd. | -352,868 | 615,021 | 14.87 | 0.91 | 967,889 | 19.56 | 1.27 |
| Vukile Property Fund Ltd. | 295,413 | 1,019,799 | 20.02 | 1.23 | 724,386 | 12.58 | 0.82 |
| Real Estate Investment Trusts Total | 4,122,088 | 6,245,814 | 59.43 | 3.64 | 2,123,726 | 34.37 | 2.24 |
| Pepkor Holdings Ltd. | 212,162 | 1,394,810 | 38.05 | 2.33 | 1,182,648 | 30.30 | 1.97 |
| The Foschini Group Ltd. | -37,779 | 0 | 0.00 | 0.00 | 37,779 | 4.66 | 0.30 |
| Woolworths Holdings Ltd. | 37,022 | 329,811 | 17.14 | 1.05 | 292,789 | 15.16 | 0.99 |
| Retailers Total | 211,405 | 1,724,621 | 55.19 | 3.38 | 1,513,216 | 50.12 | 3.27 |
| Naspers Ltd. | -1,292 | 19,551 | 108.35 | 6.64 | 20,843 | 94.67 | 6.17 |
| Prosus NV | -16,853 | 111,294 | 110.22 | 6.76 | 128,147 | 107.88 | 7.03 |
| Software and Computer Services Total | -18,145 | 130,845 | 218.57 | 13.40 | 148,990 | 202.55 | 13.20 |
| MTN Group Ltd. | 96,089 | 96,089 | 13.57 | 0.83 | 0 | 0.00 | 0.00 |
| MultiChoice Group Ltd. | -61,023 | 0 | 0.00 | 0.00 | 61,023 | 6.71 | 0.44 |
| Telecommunications Service Providers Total | 35,066 | 96,089 | 13.57 | 0.83 | 61,023 | 6.71 | 0.44 |
| British American Tobacco plc | -5,746 | 69,278 | 59.27 | 3.63 | 75,024 | 57.33 | 3.74 |
| Tobacco Total | -5,746 | 69,278 | 59.27 | 3.63 | 75,024 | 57.33 | 3.74 |
| Tsogo Sun Ltd. | 0 | 59 | 0.00 | 0.00 | 59 | 0.00 | 0.00 |
| Travel and Leisure Total | 0 | 59 | 0.00 | 0.00 | 59 | 0.00 | 0.00 |
| Portfolio Total | -8,867,218 | 371,567,049 | 1,631.04 | 100.00 | 380,434,267 | 1,534.87 | 100.00 |