| | | |
| Security | Change | # Units | Value (Rm) | % Fund | # Units | Value (Rm) | % Fund |
| Montauk Renewables Inc. | 4,761 | 28,444 | 1.04 | 0.01 | 23,683 | 0.95 | 0.01 |
| Alternative Energy Total | 4,761 | 28,444 | 1.04 | 0.01 | 23,683 | 0.95 | 0.01 |
| Absa Group Ltd. | -15,976 | 361,511 | 65.41 | 0.48 | 377,487 | 66.32 | 0.51 |
| Capitec Bank Holdings Ltd. | -1,647 | 37,534 | 130.25 | 0.95 | 39,181 | 139.32 | 1.08 |
| FirstRand Ltd. | -97,366 | 2,222,324 | 172.99 | 1.26 | 2,319,690 | 176.81 | 1.37 |
| Investec Ltd. | -4,081 | 108,042 | 13.85 | 0.10 | 112,123 | 14.83 | 0.11 |
| Investec plc | -9,683 | 157,151 | 20.20 | 0.15 | 166,834 | 22.04 | 0.17 |
| Nedbank Group Ltd. | -8,840 | 198,571 | 42.50 | 0.31 | 207,411 | 50.63 | 0.39 |
| Standard Bank Group Ltd. | -25,143 | 573,041 | 135.39 | 0.99 | 598,184 | 136.21 | 1.05 |
| Banks Total | -162,736 | 3,658,174 | 580.58 | 4.23 | 3,820,910 | 606.16 | 4.69 |
| Anheuser-Busch InBev SA/NV | -3,971 | 38,141 | 39.37 | 0.29 | 42,112 | 51.33 | 0.40 |
| Beverages Total | -3,971 | 38,141 | 39.37 | 0.29 | 42,112 | 51.33 | 0.40 |
| SA Bond EL31 | 0 | 3,000,000 | 4.37 | 0.03 | 3,000,000 | 4.16 | 0.03 |
| SA Bond ES42 | 0 | 4,000,000 | 3.56 | 0.03 | 4,000,000 | 3.21 | 0.02 |
| SA Bond I2029 | 0 | 35,000,000 | 49.05 | 0.36 | 35,000,000 | 48.14 | 0.37 |
| SA Bond I2033 | 0 | 36,000,000 | 48.26 | 0.35 | 36,000,000 | 46.63 | 0.36 |
| SA Bond I2038 | 25,000,000 | 65,495,000 | 94.86 | 0.69 | 40,495,000 | 56.71 | 0.44 |
| SA Bond I2043 | 0 | 10,000,000 | 11.17 | 0.08 | 10,000,000 | 10.97 | 0.08 |
| SA Bond I2046 | 0 | 53,834,925 | 66.77 | 0.49 | 53,834,925 | 63.87 | 0.49 |
| SA Bond I2050 | 0 | 62,000,000 | 77.98 | 0.57 | 62,000,000 | 72.79 | 0.56 |
| SA Bond IBL263 | 0 | 100,000,000 | 101.94 | 0.74 | 100,000,000 | 101.92 | 0.79 |
| SA Bond R186 | 0 | 282,131,000 | 300.22 | 2.19 | 282,131,000 | 293.63 | 2.27 |
| SA Bond R202 | 0 | 19,771,000 | 55.22 | 0.40 | 19,771,000 | 52.66 | 0.41 |
| SA Bond R2030 | 0 | 306,500,000 | 311.74 | 2.27 | 306,500,000 | 311.71 | 2.41 |
| SA Bond R2032 | 0 | 264,100,000 | 260.72 | 1.90 | 264,100,000 | 257.68 | 1.99 |
| SA Bond R2035 | 0 | 295,000,000 | 292.24 | 2.13 | 295,000,000 | 284.36 | 2.20 |
| SA Bond R2037 | 10,000,000 | 284,000,000 | 265.88 | 1.94 | 274,000,000 | 248.18 | 1.92 |
| SA Bond R2038 | 40,000,000 | 40,000,000 | 43.40 | 0.32 | 0 | 0.00 | 0.00 |
| SA Bond R2040 | 0 | 312,000,000 | 290.73 | 2.12 | 312,000,000 | 281.96 | 2.18 |
| SA Bond R2044 | 0 | 307,700,000 | 272.75 | 1.99 | 307,700,000 | 261.77 | 2.03 |
| SA Bond R2048 | 0 | 229,000,000 | 199.94 | 1.46 | 229,000,000 | 191.03 | 1.48 |
| SA Bond R2053 | 0 | 40,000,000 | 45.42 | 0.33 | 40,000,000 | 43.20 | 0.33 |
| SA Bond R209 | 0 | 105,960,000 | 84.22 | 0.61 | 105,960,000 | 80.74 | 0.62 |
| SA Bond R210 | 0 | 26,925,000 | 67.65 | 0.49 | 26,925,000 | 66.52 | 0.51 |
| SA Bond R213 | 0 | 191,750,000 | 183.18 | 1.33 | 191,750,000 | 180.94 | 1.40 |
| SA Bond R214 | 0 | 155,100,000 | 113.29 | 0.82 | 155,100,000 | 108.18 | 0.84 |
| SA Bond SBS77 | 0 | 10,000,000 | 10.32 | 0.08 | 10,000,000 | 10.31 | 0.08 |
| SA Bond SSN043 | 0 | 7,000,000 | 9.63 | 0.07 | 7,000,000 | 9.31 | 0.07 |
| Bond Total | 75,000,000 | 3,246,266,925 | 3,264.53 | 23.77 | 3,171,266,925 | 3,090.56 | 23.92 |
| iShares Core Global Aggregate Bond UCITS ETF | 604,142 | 4,226,463 | 398.83 | 2.90 | 3,622,321 | 349.11 | 2.70 |
| iShares Global Inflation Linked Govt Bond UCITS ETF | 0 | 28,490 | 80.58 | 0.59 | 28,490 | 82.66 | 0.64 |
| Bonds Total | 604,142 | 4,254,953 | 479.41 | 3.49 | 3,650,811 | 431.77 | 3.34 |
| Cash on call | 0 | 0 | -148.41 | -1.08 | 0 | -147.25 | -1.14 |
| Margin Account | 0 | 0 | 28.23 | 0.21 | 0 | 27.52 | 0.21 |
| Cash on call Total | 0 | 0 | -120.18 | -0.88 | 0 | -119.73 | -0.93 |
| AECI Ltd. | -734 | 46,291 | 4.50 | 0.03 | 47,025 | 4.99 | 0.04 |
| Omnia Holdings Ltd. | -1,019 | 69,733 | 5.00 | 0.04 | 70,752 | 5.62 | 0.04 |
| Sasol Ltd. | -11,487 | 255,582 | 27.45 | 0.20 | 267,069 | 21.45 | 0.17 |
| Chemicals Total | -13,240 | 371,606 | 36.95 | 0.27 | 384,846 | 32.07 | 0.25 |
| Group Five Ltd. | 0 | 6,792 | 0.00 | 0.00 | 6,792 | 0.00 | 0.00 |
| Construction & Materials Total | 0 | 6,792 | 0.00 | 0.00 | 6,792 | 0.00 | 0.00 |
| PPC Ltd. | -30,658 | 509,367 | 2.75 | 0.02 | 540,025 | 2.80 | 0.02 |
| Raubex Group Ltd. | -6,207 | 72,938 | 3.11 | 0.02 | 79,145 | 3.54 | 0.03 |
| Wilson Bayly Holmes - Ovcon Ltd. | -1,287 | 21,760 | 3.26 | 0.02 | 23,047 | 4.24 | 0.03 |
| Construction and Materials Total | -38,152 | 604,065 | 9.12 | 0.07 | 642,217 | 10.59 | 0.08 |
| ADvTECH Ltd. | -5,272 | 213,200 | 6.73 | 0.05 | 218,472 | 7.13 | 0.06 |
| Curro Holdings Ltd. | -23,274 | 200,357 | 2.39 | 0.02 | 223,631 | 2.03 | 0.02 |
| Consumer Services Total | -28,546 | 413,557 | 9.12 | 0.07 | 442,103 | 9.16 | 0.07 |
| Reunert Ltd. | -3,562 | 66,538 | 3.57 | 0.03 | 70,100 | 4.11 | 0.03 |
| Electronic and Electrical Equipment Total | -3,562 | 66,538 | 3.57 | 0.03 | 70,100 | 4.11 | 0.03 |
| BlackRock Developed Real Estate Index sub-Fund USD | 0 | 386,697 | 94.84 | 0.69 | 386,697 | 94.20 | 0.73 |
| Blackrock Developed World Index Fund | 43,951 | 417,656 | 304.90 | 2.22 | 373,705 | 261.75 | 2.03 |
| iShares Core MSCI Emerging Markets IMI UCITS ETF | 10,794 | 37,249 | 27.83 | 0.20 | 26,455 | 18.52 | 0.14 |
| iShares Emerging Markets Index Fund | 42,438 | 42,438 | 15.53 | 0.11 | 0 | 0.00 | 0.00 |
| Equities Total | 97,183 | 884,040 | 443.10 | 3.23 | 786,857 | 374.47 | 2.90 |
| Astral Foods Ltd. | -1,091 | 15,988 | 3.32 | 0.02 | 17,079 | 3.07 | 0.02 |
| AVI Ltd. | -5,222 | 144,877 | 14.27 | 0.10 | 150,099 | 14.16 | 0.11 |
| Oceana Group Ltd. | 0 | 40,531 | 2.03 | 0.01 | 40,531 | 2.13 | 0.02 |
| Premier Group Ltd. | 839 | 19,712 | 3.02 | 0.02 | 18,873 | 2.67 | 0.02 |
| RCL Foods Ltd. | 10,986 | 90,991 | 0.88 | 0.01 | 80,005 | 0.88 | 0.01 |
| Tiger Brands Ltd. | -4,079 | 66,018 | 20.31 | 0.15 | 70,097 | 22.54 | 0.17 |
| Food Producers Total | 1,433 | 378,117 | 43.81 | 0.32 | 376,684 | 45.44 | 0.35 |
| USA - Currency | 0 | 0 | 175.57 | 1.28 | 0 | 145.83 | 1.13 |
| For Currency Total | 0 | 0 | 175.57 | 1.28 | 0 | 145.83 | 1.13 |
| Barloworld Ltd. | -2,067 | 62,461 | 7.35 | 0.05 | 64,528 | 7.15 | 0.06 |
| KAP Ltd. | 0 | 1,096,896 | 1.84 | 0.01 | 1,096,896 | 2.25 | 0.02 |
| Mondi plc | -3,601 | 82,326 | 19.44 | 0.14 | 85,927 | 24.98 | 0.19 |
| The Bidvest Group Ltd. | -6,638 | 148,090 | 31.24 | 0.23 | 154,728 | 36.38 | 0.28 |
| General Industrials Total | -12,306 | 1,389,773 | 59.87 | 0.44 | 1,402,079 | 70.76 | 0.55 |
| Life Healthcare Group Holdings Ltd. | -23,499 | 604,618 | 7.02 | 0.05 | 628,117 | 8.96 | 0.07 |
| Netcare Ltd. | -21,020 | 598,670 | 8.57 | 0.06 | 619,690 | 8.66 | 0.07 |
| Health Care Providers Total | -44,519 | 1,203,288 | 15.59 | 0.11 | 1,247,807 | 17.61 | 0.14 |
| Nedgroup Inv Core Income - D | 185,034,405 | 2,000,334,762 | 2,015.74 | 14.68 | 1,815,300,357 | 1,827.64 | 14.14 |
| Income Total | 185,034,405 | 2,000,334,762 | 2,015.74 | 14.68 | 1,815,300,357 | 1,827.64 | 14.14 |
| Sappi Ltd. | -6,074 | 264,326 | 6.11 | 0.04 | 270,400 | 8.07 | 0.06 |
| Industrial Materials Total | -6,074 | 264,326 | 6.11 | 0.04 | 270,400 | 8.07 | 0.06 |
| African Rainbow Minerals Ltd. | -1,448 | 46,048 | 8.54 | 0.06 | 47,496 | 8.17 | 0.06 |
| Afrimat Ltd. | 0 | 56,459 | 2.16 | 0.02 | 56,459 | 2.51 | 0.02 |
| Anglo American plc | -7,749 | 139,637 | 90.08 | 0.66 | 147,386 | 76.74 | 0.59 |
| BHP Group Ltd. | -5,599 | 66,835 | 31.97 | 0.23 | 72,434 | 30.84 | 0.24 |
| Glencore plc | 76,561 | 373,616 | 29.89 | 0.22 | 297,055 | 20.61 | 0.16 |
| Kumba Iron Ore Ltd. | -709 | 23,858 | 7.78 | 0.06 | 24,567 | 7.01 | 0.05 |
| South32 Ltd. | -22,668 | 117,914 | 3.68 | 0.03 | 140,582 | 4.79 | 0.04 |
| Industrial Metals and Mining Total | 38,388 | 824,367 | 174.09 | 1.27 | 785,979 | 150.67 | 1.17 |
| Hudaco Industries Ltd. | 0 | 12,715 | 2.21 | 0.02 | 12,715 | 2.48 | 0.02 |
| Industrial Support Services Total | 0 | 12,715 | 2.21 | 0.02 | 12,715 | 2.48 | 0.02 |
| Grindrod Ltd. | -12,272 | 251,076 | 3.79 | 0.03 | 263,348 | 3.31 | 0.03 |
| Super Group Ltd. | 8,228 | 154,148 | 1.97 | 0.01 | 145,920 | 2.33 | 0.02 |
| Industrial Transportation Total | -4,044 | 405,224 | 5.76 | 0.04 | 409,268 | 5.64 | 0.04 |
| Alexander Forbes Group Holdings Ltd. | 12,868 | 107,013 | 0.81 | 0.01 | 94,145 | 0.81 | 0.01 |
| Coronation Fund Managers Ltd. | -4,339 | 123,875 | 5.49 | 0.04 | 128,214 | 5.06 | 0.04 |
| Hosken Consolidated Investments Ltd. | 0 | 20,662 | 2.57 | 0.02 | 20,662 | 2.66 | 0.02 |
| JSE Ltd. | -791 | 35,605 | 4.55 | 0.03 | 36,396 | 4.85 | 0.04 |
| Ninety One Ltd. | -6,742 | 94,732 | 4.31 | 0.03 | 101,474 | 4.43 | 0.03 |
| Ninety One plc | -10,923 | 72,338 | 3.39 | 0.02 | 83,261 | 3.73 | 0.03 |
| PSG Financial Services Ltd. | -16,118 | 427,219 | 9.70 | 0.07 | 443,337 | 9.75 | 0.08 |
| Quilter plc | -23,193 | 322,574 | 12.38 | 0.09 | 345,767 | 13.12 | 0.10 |
| Reinet Investments SCA | -2,350 | 58,018 | 29.33 | 0.21 | 60,368 | 34.72 | 0.27 |
| Remgro Ltd. | -10,450 | 217,337 | 36.70 | 0.27 | 227,787 | 35.87 | 0.28 |
| Investment Banking and Brokerage Services Total | -62,038 | 1,479,373 | 109.22 | 0.80 | 1,541,411 | 115.00 | 0.89 |
| Discovery Ltd. | -10,414 | 234,238 | 46.35 | 0.34 | 244,652 | 52.69 | 0.41 |
| Momentum Group Ltd. | -31,197 | 542,576 | 17.86 | 0.13 | 573,773 | 19.72 | 0.15 |
| Old Mutual Ltd. | -81,056 | 1,792,890 | 23.86 | 0.17 | 1,873,946 | 22.49 | 0.17 |
| Sanlam Ltd. | -33,814 | 764,996 | 63.51 | 0.46 | 798,810 | 70.97 | 0.55 |
| Life Insurance Total | -156,481 | 3,334,700 | 151.58 | 1.10 | 3,491,181 | 165.87 | 1.28 |
| eMedia Holdings Ltd. | 91,204 | 91,204 | 0.16 | 0.00 | 0 | 0.00 | 0.00 |
| Media Total | 91,204 | 91,204 | 0.16 | 0.00 | 0 | 0.00 | 0.00 |
| Money Market - 10 months duration | 0 | 0 | 0.00 | 0.00 | 0 | 147.96 | 1.15 |
| Money Market - 20 months duration | 0 | 0 | 96.14 | 0.70 | 0 | 0.00 | 0.00 |
| Money Market - 23 months duration | 0 | 0 | 0.00 | 0.00 | 0 | 96.22 | 0.74 |
| Money Market - 26 months duration | 0 | 0 | 30.25 | 0.22 | 0 | 0.00 | 0.00 |
| Money Market - 29 months duration | 0 | 0 | 0.00 | 0.00 | 0 | 30.26 | 0.23 |
| Money Market - 31 months duration | 0 | 0 | 5.08 | 0.04 | 0 | 0.00 | 0.00 |
| Money Market - 34 months duration | 0 | 0 | 0.00 | 0.00 | 0 | 5.09 | 0.04 |
| Money Market - 7 months duration | 0 | 0 | 147.91 | 1.08 | 0 | 0.00 | 0.00 |
| Money Market Instrument | 0 | 0 | 1,080.73 | 7.87 | 0 | 1,081.29 | 8.37 |
| Nedgroup Investments Corporate Money Market - Z | -14,083,874 | 81,375,659 | 81.90 | 0.60 | 95,459,533 | 96.24 | 0.74 |
| Nedgroup Inv Money Market - B | -3,750,321 | 98,299,075 | 98.81 | 0.72 | 102,049,396 | 102.68 | 0.79 |
| Money Market Total | -17,834,195 | 179,674,734 | 1,540.82 | 11.22 | 197,508,929 | 1,559.74 | 12.07 |
| OUTsurance Group Ltd. | -16,745 | 372,513 | 26.61 | 0.19 | 389,258 | 30.49 | 0.24 |
| Santam Ltd. | -501 | 17,780 | 6.71 | 0.05 | 18,281 | 7.79 | 0.06 |
| Non-life Insurance Total | -17,246 | 390,293 | 33.32 | 0.24 | 407,539 | 38.28 | 0.30 |
| iShares Core MSCI World UCITS ETF | 0 | 47,238 | 102.76 | 0.75 | 47,238 | 98.79 | 0.76 |
| Nedgroup Investments Core Global - A | 0 | 62,654,755 | 2,301.08 | 16.75 | 62,654,755 | 2,241.02 | 17.34 |
| Offshore Intern Total | 0 | 62,701,993 | 2,403.84 | 17.50 | 62,701,993 | 2,339.80 | 18.10 |
| Exxaro Resources Ltd. | -4,285 | 105,226 | 18.84 | 0.14 | 109,511 | 16.08 | 0.12 |
| Thungela Resources Ltd. | -2,785 | 48,114 | 4.19 | 0.03 | 50,899 | 4.29 | 0.03 |
| Oil, Gas and Coal Total | -7,070 | 153,340 | 23.02 | 0.17 | 160,410 | 20.37 | 0.16 |
| Bid Corporation Ltd. | -6,473 | 146,429 | 63.26 | 0.46 | 152,902 | 72.20 | 0.56 |
| Boxer Retail Ltd. | -1,351 | 69,228 | 4.74 | 0.03 | 70,579 | 4.86 | 0.04 |
| Clicks Group Ltd. | -4,662 | 103,336 | 36.58 | 0.27 | 107,998 | 40.21 | 0.31 |
| Dis-Chem Pharmacies Ltd. | 4,294 | 218,417 | 7.13 | 0.05 | 214,123 | 6.96 | 0.05 |
| Pick n Pay Stores Ltd. | -6,242 | 233,431 | 5.84 | 0.04 | 239,673 | 6.42 | 0.05 |
| Shoprite Holdings Ltd. | -9,117 | 205,927 | 56.44 | 0.41 | 215,044 | 60.20 | 0.47 |
| The SPAR Group Ltd. | -2,654 | 84,715 | 8.19 | 0.06 | 87,369 | 9.42 | 0.07 |
| Personal Care, Drug and Grocery Stores Total | -26,205 | 1,061,483 | 182.18 | 1.33 | 1,087,688 | 200.26 | 1.55 |
| Compagnie Financière Richemont SA | -1,332 | 20,466 | 66.92 | 0.49 | 21,798 | 72.63 | 0.56 |
| Personal Goods Total | -1,332 | 20,466 | 66.92 | 0.49 | 21,798 | 72.63 | 0.56 |
| Adcock Ingram Holdings Ltd. | 0 | 25,089 | 1.81 | 0.01 | 25,089 | 1.28 | 0.01 |
| Aspen Pharmacare Holdings Ltd. | -6,632 | 169,031 | 16.23 | 0.12 | 175,663 | 21.00 | 0.16 |
| Pharmaceuticals and Biotechnology Total | -6,632 | 194,120 | 18.03 | 0.13 | 200,752 | 22.28 | 0.17 |
| AngloGold Ashanti plc | -6,773 | 154,557 | 183.83 | 1.34 | 161,330 | 128.68 | 1.00 |
| DRDGOLD Ltd. | -1,937 | 188,267 | 8.90 | 0.06 | 190,204 | 4.47 | 0.03 |
| Gold Fields Ltd. | -16,848 | 385,113 | 276.18 | 2.01 | 401,961 | 167.16 | 1.29 |
| Harmony Gold Mining Company Ltd. | -10,542 | 238,391 | 73.20 | 0.53 | 248,933 | 60.10 | 0.47 |
| Impala Platinum Holdings Ltd. | -15,085 | 341,239 | 74.28 | 0.54 | 356,324 | 56.78 | 0.44 |
| Northam Platinum Holdings Ltd. | -6,073 | 154,039 | 42.98 | 0.31 | 160,112 | 30.98 | 0.24 |
| Pan African Resources plc | -16,757 | 727,671 | 14.63 | 0.11 | 744,428 | 8.20 | 0.06 |
| Sibanye Stillwater Ltd. | -54,400 | 1,224,624 | 60.24 | 0.44 | 1,279,024 | 41.31 | 0.32 |
| Valterra Platinum Ltd. | 37,693 | 95,395 | 115.24 | 0.84 | 57,702 | 45.66 | 0.35 |
| Precious Metals and Mining Total | -90,722 | 3,509,296 | 849.47 | 6.19 | 3,600,018 | 543.34 | 4.20 |
| Fortress Real Estate Investments Ltd. | 93,526 | 1,288,834 | 29.39 | 0.21 | 1,195,308 | 23.88 | 0.18 |
| Lighthouse Properties plc | 105,743 | 1,148,235 | 9.04 | 0.07 | 1,042,492 | 8.39 | 0.06 |
| MAS plc | -64,564 | 405,705 | 8.63 | 0.06 | 470,269 | 11.46 | 0.09 |
| NEPI Rockcastle NV | 18,798 | 375,482 | 51.79 | 0.38 | 356,684 | 48.34 | 0.37 |
| Real Estate Investment and Services Total | 153,503 | 3,218,256 | 98.84 | 0.72 | 3,064,753 | 92.08 | 0.71 |
| Assura plc | 0 | 206,430 | 2.23 | 0.02 | 206,430 | 2.52 | 0.02 |
| Attacq Ltd. | 46,088 | 741,952 | 10.19 | 0.07 | 695,864 | 9.77 | 0.08 |
| Burstone Group Ltd. | 72,134 | 675,680 | 5.47 | 0.04 | 603,546 | 4.90 | 0.04 |
| Emira Property Fund Ltd. | 13,138 | 211,486 | 2.57 | 0.02 | 198,348 | 2.17 | 0.02 |
| Equites Property Fund Ltd. | 63,390 | 873,131 | 13.94 | 0.10 | 809,741 | 12.20 | 0.09 |
| Fairvest Ltd. | 111,483 | 1,794,744 | 9.92 | 0.07 | 1,683,261 | 8.82 | 0.07 |
| Growthpoint Properties Ltd. | 138,894 | 3,506,089 | 51.75 | 0.38 | 3,367,195 | 44.68 | 0.35 |
| Hammerson plc | 14,994 | 118,629 | 7.94 | 0.06 | 103,635 | 7.63 | 0.06 |
| Hyprop Investments Ltd. | 47,522 | 426,766 | 19.83 | 0.14 | 379,244 | 16.06 | 0.12 |
| Intu Properties plc | 0 | 2,167,369 | 0.00 | 0.00 | 2,167,369 | 0.00 | 0.00 |
| Primary Health Properties plc | 36,465 | 140,025 | 2.98 | 0.02 | 103,560 | 2.52 | 0.02 |
| Redefine Properties Ltd. | 537,472 | 7,407,462 | 36.74 | 0.27 | 6,869,990 | 31.19 | 0.24 |
| Resilient REIT Ltd. | 22,748 | 313,419 | 19.98 | 0.15 | 290,671 | 17.55 | 0.14 |
| SA Corporate Real Estate Ltd. | -168,934 | 2,403,724 | 7.45 | 0.05 | 2,572,658 | 8.08 | 0.06 |
| Shaftesbury Capital plc | 16,544 | 155,144 | 5.10 | 0.04 | 138,600 | 5.33 | 0.04 |
| Sirius Real Estate Ltd. | 24,623 | 480,754 | 10.83 | 0.08 | 456,131 | 10.74 | 0.08 |
| Stor-Age Property REIT Ltd. | 26,612 | 428,415 | 6.60 | 0.05 | 401,803 | 6.42 | 0.05 |
| Supermarket Income REIT plc | 8,634 | 139,011 | 2.56 | 0.02 | 130,377 | 2.66 | 0.02 |
| Vukile Property Fund Ltd. | 94,978 | 1,308,841 | 27.30 | 0.20 | 1,213,863 | 23.83 | 0.18 |
| Real Estate Investment Trusts Total | 1,106,785 | 23,499,071 | 243.38 | 1.77 | 22,392,286 | 217.09 | 1.68 |
| Cashbuild Ltd. | -9,791 | 0 | 0.00 | 0.00 | 9,791 | 1.50 | 0.01 |
| Italtile Ltd. | 0 | 195,117 | 1.85 | 0.01 | 195,117 | 1.96 | 0.02 |
| Motus Holdings Ltd. | -2,238 | 68,168 | 7.09 | 0.05 | 70,406 | 6.65 | 0.05 |
| Mr Price Group Ltd. | -4,980 | 110,032 | 22.48 | 0.16 | 115,012 | 25.50 | 0.20 |
| Pepkor Holdings Ltd. | 403,886 | 1,609,812 | 39.41 | 0.29 | 1,205,926 | 32.90 | 0.25 |
| The Foschini Group Ltd. | -5,147 | 140,162 | 15.21 | 0.11 | 145,309 | 18.72 | 0.14 |
| Truworths International Ltd. | -6,029 | 163,092 | 8.90 | 0.06 | 169,121 | 12.05 | 0.09 |
| We Buy Cars Holdings Ltd. | -1,188 | 99,390 | 5.52 | 0.04 | 100,578 | 5.96 | 0.05 |
| Woolworths Holdings Ltd. | -15,945 | 392,269 | 19.64 | 0.14 | 408,214 | 21.22 | 0.16 |
| Retailers Total | 358,568 | 2,778,042 | 120.10 | 0.87 | 2,419,474 | 126.45 | 0.98 |
| Altron Ltd. | 0 | 100,521 | 1.84 | 0.01 | 100,521 | 2.19 | 0.02 |
| Bytes Technology Group plc | 0 | 27,676 | 2.54 | 0.02 | 27,676 | 3.44 | 0.03 |
| Datatec Ltd. | -374 | 87,619 | 5.25 | 0.04 | 87,993 | 5.74 | 0.04 |
| Karooooo Ltd. | 0 | 2,500 | 2.43 | 0.02 | 2,500 | 2.19 | 0.02 |
| Naspers Ltd. | -3,988 | 46,169 | 290.94 | 2.12 | 50,157 | 277.98 | 2.15 |
| Prosus NV | -10,592 | 78,580 | 96.24 | 0.70 | 89,172 | 88.31 | 0.68 |
| Software and Computer Services Total | -14,954 | 343,065 | 399.24 | 2.91 | 358,019 | 379.85 | 2.94 |
| Blu Label Unlimited Group Ltd. | -27,725 | 202,546 | 2.40 | 0.02 | 230,271 | 3.29 | 0.03 |
| MTN Group Ltd. | -55,921 | 767,299 | 107.64 | 0.78 | 823,220 | 116.28 | 0.90 |
| MultiChoice Group Ltd. | -3,546 | 98,300 | 12.27 | 0.09 | 101,846 | 11.96 | 0.09 |
| Telkom SA SOC Ltd. | -1,524 | 121,436 | 6.22 | 0.05 | 122,960 | 6.50 | 0.05 |
| Vodacom Group Ltd. | -11,628 | 259,864 | 34.48 | 0.25 | 271,492 | 37.09 | 0.29 |
| Telecommunications Service Providers Total | -100,344 | 1,449,445 | 163.01 | 1.19 | 1,549,789 | 175.12 | 1.36 |
| British American Tobacco plc | -10,106 | 83,921 | 76.43 | 0.56 | 94,027 | 78.98 | 0.61 |
| Tobacco Total | -10,106 | 83,921 | 76.43 | 0.56 | 94,027 | 78.98 | 0.61 |
| Famous Brands Ltd. | 2,917 | 40,516 | 2.17 | 0.02 | 37,599 | 2.34 | 0.02 |
| Southern Sun Ltd. | -20,473 | 297,475 | 2.55 | 0.02 | 317,948 | 2.80 | 0.02 |
| Sun International Ltd. | -5,628 | 71,078 | 2.86 | 0.02 | 76,706 | 3.34 | 0.03 |
| Tsogo Sun Ltd. | 0 | 230,765 | 1.50 | 0.01 | 230,765 | 1.78 | 0.01 |
| Travel and Leisure Total | -23,184 | 639,834 | 9.09 | 0.07 | 663,018 | 10.26 | 0.08 |
| Portfolio Total | 243,822,713 | 5,546,028,443 | 13,734.02 | 100.00 | 5,302,205,730 | 12,923.00 | 100.00 |