| | | |
| Security | Change | # Units | Value (Rm) | % Fund | # Units | Value (Rm) | % Fund |
| Montauk Renewables Inc. | 0 | 75,942 | 3.11 | 0.01 | 75,942 | 6.30 | 0.02 |
| Alternative Energy Total | 0 | 75,942 | 3.11 | 0.01 | 75,942 | 6.30 | 0.02 |
| Absa Group Ltd. | -66,144 | 1,419,866 | 250.49 | 0.94 | 1,486,010 | 281.97 | 1.09 |
| Capitec Bank Holdings Ltd. | -6,776 | 145,923 | 449.61 | 1.68 | 152,699 | 478.61 | 1.85 |
| FirstRand Ltd. | -403,593 | 8,673,556 | 623.80 | 2.33 | 9,077,149 | 689.50 | 2.67 |
| Investec Ltd. | -23,673 | 422,618 | 47.91 | 0.18 | 446,291 | 55.80 | 0.22 |
| Investec plc | -17,858 | 644,094 | 72.72 | 0.27 | 661,952 | 83.87 | 0.32 |
| Nedbank Group Ltd. | -36,397 | 780,023 | 199.86 | 0.75 | 816,420 | 229.99 | 0.89 |
| Standard Bank Group Ltd. | -130,260 | 2,265,683 | 544.15 | 2.03 | 2,395,943 | 531.32 | 2.05 |
| Banks Total | -684,701 | 14,351,763 | 2,188.53 | 8.17 | 15,036,464 | 2,351.07 | 9.09 |
| Anheuser-Busch InBev SA/NV | 7,433 | 146,877 | 165.91 | 0.62 | 139,444 | 130.80 | 0.51 |
| Beverages Total | 7,433 | 146,877 | 165.91 | 0.62 | 139,444 | 130.80 | 0.51 |
| SA Bond EL31 | 0 | 3,000,000 | 4.14 | 0.02 | 3,000,000 | 4.10 | 0.02 |
| SA Bond ES33 | 0 | 800,000 | 0.64 | 0.00 | 800,000 | 0.66 | 0.00 |
| SA Bond ES42 | 0 | 7,000,000 | 5.51 | 0.02 | 7,000,000 | 5.56 | 0.02 |
| SA Bond FRBI29 | 0 | 20,000,000 | 26.23 | 0.10 | 20,000,000 | 25.82 | 0.10 |
| SA Bond I2025 | -2,150,000 | 0 | 0.00 | 0.00 | 2,150,000 | 4.01 | 0.02 |
| SA Bond I2029 | 0 | 90,000,000 | 121.78 | 0.45 | 90,000,000 | 120.10 | 0.46 |
| SA Bond I2033 | 0 | 31,600,000 | 40.29 | 0.15 | 31,600,000 | 40.36 | 0.16 |
| SA Bond I2038 | 0 | 46,020,000 | 63.53 | 0.24 | 46,020,000 | 64.67 | 0.25 |
| SA Bond I2046 | 0 | 70,000,000 | 83.01 | 0.31 | 70,000,000 | 84.52 | 0.33 |
| SA Bond I2050 | 0 | 83,000,000 | 99.41 | 0.37 | 83,000,000 | 100.03 | 0.39 |
| SA Bond IBL263 | 0 | 50,000,000 | 50.96 | 0.19 | 50,000,000 | 51.02 | 0.20 |
| SA Bond NBK25B | -45,000,000 | 0 | 0.00 | 0.00 | 45,000,000 | 45.70 | 0.18 |
| SA Bond OML07 | -3,000,000 | 0 | 0.00 | 0.00 | 3,000,000 | 3.11 | 0.01 |
| SA Bond R186 | 0 | 329,374,000 | 350.48 | 1.31 | 329,374,000 | 343.50 | 1.33 |
| SA Bond R202 | 0 | 9,066,000 | 24.36 | 0.09 | 9,066,000 | 24.20 | 0.09 |
| SA Bond R2030 | 0 | 342,500,000 | 332.63 | 1.24 | 342,500,000 | 339.73 | 1.31 |
| SA Bond R2032 | 0 | 300,000,000 | 276.13 | 1.03 | 300,000,000 | 284.13 | 1.10 |
| SA Bond R2035 | 40,000,000 | 339,000,000 | 306.21 | 1.14 | 299,000,000 | 281.23 | 1.09 |
| SA Bond R2037 | 20,000,000 | 322,300,000 | 272.66 | 1.02 | 302,300,000 | 267.50 | 1.03 |
| SA Bond R2040 | 120,000,000 | 385,300,000 | 324.07 | 1.21 | 265,300,000 | 236.18 | 0.91 |
| SA Bond R2044 | 0 | 311,000,000 | 247.57 | 0.92 | 311,000,000 | 263.97 | 1.02 |
| SA Bond R2048 | 0 | 280,067,000 | 218.98 | 0.82 | 280,067,000 | 233.60 | 0.90 |
| SA Bond R2053 | 10,000,000 | 10,000,000 | 10.08 | 0.04 | 0 | 0.00 | 0.00 |
| SA Bond R209 | 0 | 109,920,000 | 77.94 | 0.29 | 109,920,000 | 81.01 | 0.31 |
| SA Bond R210 | 0 | 14,550,000 | 35.58 | 0.13 | 14,550,000 | 35.20 | 0.14 |
| SA Bond R213 | 0 | 164,105,000 | 146.78 | 0.55 | 164,105,000 | 149.70 | 0.58 |
| SA Bond R214 | 0 | 119,000,000 | 77.40 | 0.29 | 119,000,000 | 82.08 | 0.32 |
| SA Bond SBS77 | 0 | 10,000,000 | 10.30 | 0.04 | 10,000,000 | 10.30 | 0.04 |
| SA Bond SSN043 | 0 | 12,000,000 | 15.72 | 0.06 | 12,000,000 | 15.99 | 0.06 |
| Bond Total | 139,850,000 | 3,459,602,000 | 3,222.38 | 12.03 | 3,319,752,000 | 3,197.96 | 12.37 |
| iShares Core Global Aggregate Bond UCITS ETF | 0 | 6,451,701 | 617.09 | 2.30 | 6,451,701 | 616.70 | 2.38 |
| iShares Global Inflation Linked Govt Bond UCITS ETF | 0 | 51,201 | 147.40 | 0.55 | 51,201 | 146.21 | 0.57 |
| Bonds Total | 0 | 6,502,902 | 764.49 | 2.85 | 6,502,902 | 762.91 | 2.95 |
| Cash on call | 0 | 0 | 145.70 | 0.54 | 0 | -149.81 | -0.58 |
| Margin Account | 0 | 0 | 8.66 | 0.03 | 0 | 8.49 | 0.03 |
| Cash on call Total | 0 | 0 | 154.36 | 0.58 | 0 | -141.32 | -0.55 |
| AECI Ltd. | -8,933 | 180,112 | 17.57 | 0.07 | 189,045 | 16.53 | 0.06 |
| Omnia Holdings Ltd. | -13,609 | 271,191 | 18.25 | 0.07 | 284,800 | 22.24 | 0.09 |
| Sasol Ltd. | -47,174 | 996,936 | 76.06 | 0.28 | 1,044,110 | 86.94 | 0.34 |
| Chemicals Total | -69,716 | 1,448,239 | 111.88 | 0.42 | 1,517,955 | 125.71 | 0.49 |
| PPC Ltd. | 0 | 2,174,895 | 10.16 | 0.04 | 2,174,895 | 11.20 | 0.04 |
| Raubex Group Ltd. | -15,391 | 303,419 | 13.52 | 0.05 | 318,810 | 16.90 | 0.07 |
| Wilson Bayly Holmes - Ovcon Ltd. | -4,385 | 88,293 | 16.14 | 0.06 | 92,678 | 21.62 | 0.08 |
| Construction and Materials Total | -19,776 | 2,566,607 | 39.82 | 0.15 | 2,586,383 | 49.72 | 0.19 |
| ADvTECH Ltd. | -26,199 | 822,844 | 27.22 | 0.10 | 849,043 | 28.73 | 0.11 |
| Curro Holdings Ltd. | 0 | 858,981 | 7.22 | 0.03 | 858,981 | 11.21 | 0.04 |
| Consumer Services Total | -26,199 | 1,681,825 | 34.44 | 0.13 | 1,708,024 | 39.94 | 0.15 |
| Reunert Ltd. | -13,361 | 268,395 | 16.50 | 0.06 | 281,756 | 21.13 | 0.08 |
| Electronic and Electrical Equipment Total | -13,361 | 268,395 | 16.50 | 0.06 | 281,756 | 21.13 | 0.08 |
| iShares Core MSCI Emerging Markets IMI UCITS ETF | 0 | 252,796 | 163.30 | 0.61 | 252,796 | 163.19 | 0.63 |
| iShares Developed Real Estate Index Fund | 0 | 926,215 | 224.20 | 0.84 | 926,215 | 224.92 | 0.87 |
| iShares Developed World Index Fund | 0 | 5,075,697 | 3,319.01 | 12.39 | 5,075,697 | 3,468.93 | 13.41 |
| iShares Emerging Markets Index Fund | 0 | 354,152 | 113.61 | 0.42 | 354,152 | 111.44 | 0.43 |
| Equities Total | 0 | 6,608,860 | 3,820.13 | 14.26 | 6,608,860 | 3,968.48 | 15.35 |
| Astral Foods Ltd. | 0 | 68,813 | 11.35 | 0.04 | 68,813 | 12.87 | 0.05 |
| AVI Ltd. | -27,120 | 565,838 | 50.50 | 0.19 | 592,958 | 65.06 | 0.25 |
| Oceana Group Ltd. | 0 | 155,654 | 9.06 | 0.03 | 155,654 | 10.50 | 0.04 |
| Premier Group Ltd. | 0 | 76,297 | 9.60 | 0.04 | 76,297 | 10.38 | 0.04 |
| Rainbow Chicken Ltd. | -161,374 | 73,879 | 0.26 | 0.00 | 235,253 | 0.85 | 0.00 |
| RCL Foods Ltd. | 0 | 247,238 | 2.37 | 0.01 | 247,238 | 2.35 | 0.01 |
| Tiger Brands Ltd. | -12,669 | 267,403 | 74.23 | 0.28 | 280,072 | 80.95 | 0.31 |
| Food Producers Total | -201,163 | 1,455,122 | 157.38 | 0.59 | 1,656,285 | 182.96 | 0.71 |
| USA - Currency | 0 | 0 | 431.96 | 1.61 | 0 | 59.40 | 0.23 |
| For Currency Total | 0 | 0 | 431.96 | 1.61 | 0 | 59.40 | 0.23 |
| Nedgroup Inv Core SA Equity - C4 | 622,557 | 21,009,212 | 246.12 | 0.92 | 20,386,655 | 230.39 | 0.89 |
| General Equity Total | 622,557 | 21,009,212 | 246.12 | 0.92 | 20,386,655 | 230.39 | 0.89 |
| Barloworld Ltd. | -14,964 | 306,323 | 32.61 | 0.12 | 321,287 | 34.87 | 0.13 |
| KAP Ltd. | 0 | 4,417,305 | 11.09 | 0.04 | 4,417,305 | 13.56 | 0.05 |
| Mondi plc | 13,192 | 324,841 | 88.43 | 0.33 | 311,649 | 86.48 | 0.33 |
| The Bidvest Group Ltd. | -27,268 | 581,206 | 136.79 | 0.51 | 608,474 | 160.44 | 0.62 |
| General Industrials Total | -29,040 | 5,629,675 | 268.92 | 1.00 | 5,658,715 | 295.35 | 1.14 |
| Life Healthcare Group Holdings Ltd. | -116,011 | 2,364,743 | 32.78 | 0.12 | 2,480,754 | 40.63 | 0.16 |
| Netcare Ltd. | -118,486 | 2,415,004 | 31.76 | 0.12 | 2,533,490 | 37.80 | 0.15 |
| Health Care Providers Total | -234,497 | 4,779,747 | 64.53 | 0.24 | 5,014,244 | 78.43 | 0.30 |
| Nedgroup Inv Core Income - D | 387,906,701 | 462,546,245 | 465.65 | 1.74 | 74,639,544 | 75.19 | 0.29 |
| Income Total | 387,906,701 | 462,546,245 | 465.65 | 1.74 | 74,639,544 | 75.19 | 0.29 |
| Sappi Ltd. | -48,463 | 1,019,041 | 37.09 | 0.14 | 1,067,504 | 52.59 | 0.20 |
| Industrial Materials Total | -48,463 | 1,019,041 | 37.09 | 0.14 | 1,067,504 | 52.59 | 0.20 |
| African Rainbow Minerals Ltd. | -8,614 | 178,964 | 26.55 | 0.10 | 187,578 | 28.21 | 0.11 |
| Afrimat Ltd. | -12,929 | 240,583 | 14.04 | 0.05 | 253,512 | 17.99 | 0.07 |
| Anglo American plc | -24,827 | 648,786 | 331.91 | 1.24 | 673,613 | 371.73 | 1.44 |
| BHP Group Ltd. | -35,191 | 284,358 | 124.31 | 0.46 | 319,549 | 147.11 | 0.57 |
| Glencore plc | -75,380 | 961,043 | 64.32 | 0.24 | 1,036,423 | 86.56 | 0.33 |
| Kumba Iron Ore Ltd. | -4,476 | 92,539 | 28.87 | 0.11 | 97,015 | 31.65 | 0.12 |
| South32 Ltd. | -71,065 | 492,218 | 18.20 | 0.07 | 563,283 | 22.46 | 0.09 |
| Industrial Metals and Mining Total | -232,482 | 2,898,491 | 608.20 | 2.27 | 3,130,973 | 705.72 | 2.73 |
| Hudaco Industries Ltd. | 4,340 | 46,275 | 8.77 | 0.03 | 41,935 | 9.06 | 0.04 |
| Industrial Support Services Total | 4,340 | 46,275 | 8.77 | 0.03 | 41,935 | 9.06 | 0.04 |
| Grindrod Ltd. | -51,635 | 1,008,682 | 12.30 | 0.05 | 1,060,317 | 12.68 | 0.05 |
| Super Group Ltd. | -27,941 | 558,596 | 15.80 | 0.06 | 586,537 | 17.30 | 0.07 |
| Industrial Transportation Total | -79,576 | 1,567,278 | 28.10 | 0.10 | 1,646,854 | 29.98 | 0.12 |
| Nedgroup Inv Core Global Feeder - A | 4,987 | 24,134,448 | 530.72 | 1.98 | 24,129,461 | 545.45 | 2.11 |
| Nedgroup Investments Core Wld Index Feed - C4 | 0 | 37,142,332 | 461.57 | 1.72 | 37,142,332 | 482.11 | 1.86 |
| International Total | 4,987 | 61,276,780 | 992.29 | 3.70 | 61,271,793 | 1,027.56 | 3.97 |
| Alexander Forbes Group Holdings Ltd. | 136,268 | 416,501 | 3.19 | 0.01 | 280,233 | 2.28 | 0.01 |
| Coronation Fund Managers Ltd. | 24,967 | 458,801 | 17.86 | 0.07 | 433,834 | 16.99 | 0.07 |
| Hosken Consolidated Investments Ltd. | 0 | 79,278 | 10.69 | 0.04 | 79,278 | 13.00 | 0.05 |
| JSE Ltd. | -6,928 | 139,412 | 17.34 | 0.06 | 146,340 | 17.67 | 0.07 |
| Ninety One Ltd. | -19,754 | 388,570 | 13.48 | 0.05 | 408,324 | 14.14 | 0.05 |
| Ninety One plc | 0 | 304,124 | 10.53 | 0.04 | 304,124 | 10.46 | 0.04 |
| PSG Financial Services Ltd. | -83,556 | 1,702,379 | 30.86 | 0.12 | 1,785,935 | 35.04 | 0.14 |
| Quilter plc | -94,950 | 1,352,069 | 47.93 | 0.18 | 1,447,019 | 51.46 | 0.20 |
| Reinet Investments SCA | -10,668 | 227,817 | 102.11 | 0.38 | 238,485 | 106.64 | 0.41 |
| Remgro Ltd. | -40,334 | 859,536 | 133.77 | 0.50 | 899,870 | 139.57 | 0.54 |
| Investment Banking and Brokerage Services Total | -94,955 | 5,928,487 | 387.76 | 1.45 | 6,023,442 | 407.25 | 1.57 |
| Discovery Ltd. | -42,778 | 914,207 | 182.02 | 0.68 | 956,985 | 186.39 | 0.72 |
| Momentum Group Ltd. | -104,249 | 2,194,071 | 69.49 | 0.26 | 2,298,320 | 69.55 | 0.27 |
| Old Mutual Ltd. | -476,017 | 7,354,652 | 87.81 | 0.33 | 7,830,669 | 97.96 | 0.38 |
| Sanlam Ltd. | -133,183 | 2,851,514 | 238.04 | 0.89 | 2,984,697 | 259.31 | 1.00 |
| Life Insurance Total | -756,227 | 13,314,444 | 577.36 | 2.16 | 14,070,671 | 613.21 | 2.37 |
| Money Market - 13 months duration | 0 | 0 | 20.34 | 0.08 | 0 | 0.00 | 0.00 |
| Money Market - 16 months duration | 0 | 0 | 55.84 | 0.21 | 0 | 20.36 | 0.08 |
| Money Market - 17 months duration | 0 | 0 | 10.08 | 0.04 | 0 | 0.00 | 0.00 |
| Money Market - 19 months duration | 0 | 0 | 0.00 | 0.00 | 0 | 55.91 | 0.22 |
| Money Market - 2 months duration | 0 | 0 | 162.06 | 0.60 | 0 | 0.00 | 0.00 |
| Money Market - 20 months duration | 0 | 0 | 0.00 | 0.00 | 0 | 10.08 | 0.04 |
| Money Market - 24 months duration | 0 | 0 | 75.40 | 0.28 | 0 | 0.00 | 0.00 |
| Money Market - 25 months duration | 0 | 0 | 20.42 | 0.08 | 0 | 0.00 | 0.00 |
| Money Market - 27 months duration | 0 | 0 | 0.00 | 0.00 | 0 | 75.43 | 0.29 |
| Money Market - 28 months duration | 0 | 0 | 0.00 | 0.00 | 0 | 20.44 | 0.08 |
| Money Market - 29 months duration | 0 | 0 | 0.00 | 0.00 | 0 | 162.27 | 0.63 |
| Money Market - 32 months duration | 0 | 0 | 50.42 | 0.19 | 0 | 0.00 | 0.00 |
| Money Market - 35 months duration | 0 | 0 | 0.00 | 0.00 | 0 | 50.46 | 0.20 |
| Money Market Instrument | 0 | 0 | 428.89 | 1.60 | 0 | 429.38 | 1.66 |
| Nedgroup Investments Corporate Money Market - Z | 12,630,389 | 72,190,019 | 72.88 | 0.27 | 59,559,630 | 60.27 | 0.23 |
| Nedgroup Inv Money Market - B | -49,232,222 | 79,664,687 | 80.48 | 0.30 | 128,896,909 | 129.62 | 0.50 |
| Money Market Total | -36,601,833 | 151,854,706 | 976.81 | 3.65 | 188,456,539 | 1,014.22 | 3.92 |
| OUTsurance Group Ltd. | -67,990 | 1,445,174 | 100.87 | 0.38 | 1,513,164 | 100.63 | 0.39 |
| Santam Ltd. | -3,439 | 68,799 | 25.73 | 0.10 | 72,238 | 28.36 | 0.11 |
| Non-life Insurance Total | -71,429 | 1,513,973 | 126.60 | 0.47 | 1,585,402 | 128.99 | 0.50 |
| iShares Core MSCI World UCITS ETF | 0 | 45,893 | 89.44 | 0.33 | 45,893 | 93.39 | 0.36 |
| Nedgroup Investments Core Global - A | 0 | 130,357,510 | 4,521.26 | 16.88 | 130,357,510 | 4,616.53 | 17.85 |
| Offshore Intern Total | 0 | 130,403,403 | 4,610.70 | 17.21 | 130,403,403 | 4,709.92 | 18.21 |
| Exxaro Resources Ltd. | -19,706 | 412,928 | 61.59 | 0.23 | 432,634 | 68.33 | 0.26 |
| Thungela Resources Ltd. | 0 | 199,811 | 20.34 | 0.08 | 199,811 | 26.71 | 0.10 |
| Oil, Gas and Coal Total | -19,706 | 612,739 | 81.93 | 0.31 | 632,445 | 95.05 | 0.37 |
| Bid Corporation Ltd. | -26,628 | 570,153 | 250.78 | 0.94 | 596,781 | 256.96 | 0.99 |
| Boxer Retail Ltd. | 276,618 | 276,618 | 19.43 | 0.07 | 0 | 0.00 | 0.00 |
| Clicks Group Ltd. | -19,157 | 407,533 | 137.44 | 0.51 | 426,690 | 159.20 | 0.62 |
| Dis-Chem Pharmacies Ltd. | -40,653 | 805,706 | 24.64 | 0.09 | 846,359 | 30.55 | 0.12 |
| Pick n Pay Stores Ltd. | -43,559 | 902,390 | 24.85 | 0.09 | 945,949 | 29.04 | 0.11 |
| Shoprite Holdings Ltd. | -38,382 | 820,936 | 222.48 | 0.83 | 859,318 | 253.07 | 0.98 |
| The SPAR Group Ltd. | -15,876 | 329,160 | 39.18 | 0.15 | 345,036 | 50.41 | 0.19 |
| Personal Care, Drug and Grocery Stores Total | 92,363 | 4,112,496 | 718.79 | 2.68 | 4,020,133 | 779.22 | 3.01 |
| Compagnie Financière Richemont SA | -8,339 | 86,136 | 275.12 | 1.03 | 94,475 | 262.25 | 1.01 |
| Personal Goods Total | -8,339 | 86,136 | 275.12 | 1.03 | 94,475 | 262.25 | 1.01 |
| Adcock Ingram Holdings Ltd. | 0 | 92,169 | 4.52 | 0.02 | 92,169 | 6.18 | 0.02 |
| Aspen Pharmacare Holdings Ltd. | -30,908 | 662,869 | 107.77 | 0.40 | 693,777 | 114.37 | 0.44 |
| Pharmaceuticals and Biotechnology Total | -30,908 | 755,038 | 112.29 | 0.42 | 785,946 | 120.54 | 0.47 |
| AngloGold Ashanti plc | 30,289 | 590,549 | 412.05 | 1.54 | 560,260 | 235.87 | 0.91 |
| DRDGOLD Ltd. | -36,141 | 728,916 | 20.60 | 0.08 | 765,057 | 12.65 | 0.05 |
| Gold Fields Ltd. | -70,345 | 1,510,888 | 629.59 | 2.35 | 1,581,233 | 390.72 | 1.51 |
| Harmony Gold Mining Company Ltd. | -44,400 | 951,258 | 253.22 | 0.95 | 995,658 | 150.03 | 0.58 |
| Impala Platinum Holdings Ltd. | -64,504 | 1,378,538 | 175.27 | 0.65 | 1,443,042 | 126.63 | 0.49 |
| Northam Platinum Holdings Ltd. | -28,644 | 603,962 | 80.76 | 0.30 | 632,606 | 61.62 | 0.24 |
| Pan African Resources plc | 0 | 2,753,456 | 28.03 | 0.10 | 2,753,456 | 22.55 | 0.09 |
| Sibanye Stillwater Ltd. | -226,569 | 4,803,126 | 99.47 | 0.37 | 5,029,695 | 75.34 | 0.29 |
| Valterra Platinum Ltd. | -8,311 | 150,499 | 112.95 | 0.42 | 158,810 | 90.35 | 0.35 |
| Precious Metals and Mining Total | -448,625 | 13,471,192 | 1,811.94 | 6.76 | 13,919,817 | 1,165.76 | 4.51 |
| Fortress Real Estate Investments Ltd. | 48,258 | 2,800,248 | 53.12 | 0.20 | 2,751,990 | 55.76 | 0.22 |
| Lighthouse Properties plc | 40,529 | 2,420,488 | 19.29 | 0.07 | 2,379,959 | 19.11 | 0.07 |
| MAS plc | -196,413 | 1,113,048 | 20.17 | 0.08 | 1,309,461 | 30.51 | 0.12 |
| NEPI Rockcastle NV | 86,796 | 787,569 | 104.29 | 0.39 | 700,773 | 96.70 | 0.37 |
| Real Estate Investment and Services Total | -20,830 | 7,121,353 | 196.87 | 0.73 | 7,142,183 | 202.08 | 0.78 |
| Attacq Ltd. | 26,026 | 1,643,525 | 21.38 | 0.08 | 1,617,499 | 22.43 | 0.09 |
| Burstone Group Ltd. | 23,309 | 1,395,834 | 11.47 | 0.04 | 1,372,525 | 12.90 | 0.05 |
| Emira Property Fund Ltd. | 8,602 | 500,759 | 5.38 | 0.02 | 492,157 | 5.36 | 0.02 |
| Equites Property Fund Ltd. | 89,122 | 1,907,942 | 26.69 | 0.10 | 1,818,820 | 26.74 | 0.10 |
| Fairvest Ltd. | 714,420 | 3,776,952 | 17.68 | 0.07 | 3,062,532 | 14.61 | 0.06 |
| Growthpoint Properties Ltd. | 510,875 | 7,382,522 | 95.60 | 0.36 | 6,871,647 | 87.48 | 0.34 |
| Hammerson plc | 42,182 | 220,227 | 13.03 | 0.05 | 178,045 | 11.88 | 0.05 |
| Hyprop Investments Ltd. | 15,059 | 893,098 | 37.45 | 0.14 | 878,039 | 40.80 | 0.16 |
| Intu Properties plc | 4,827,038 | 4,827,038 | 0.00 | 0.00 | 0 | 0.00 | 0.00 |
| Primary Health Properties plc | 6,089 | 262,184 | 5.91 | 0.02 | 256,095 | 5.63 | 0.02 |
| Redefine Properties Ltd. | 600,633 | 16,237,154 | 68.52 | 0.26 | 15,636,521 | 71.15 | 0.28 |
| Resilient REIT Ltd. | 11,955 | 705,969 | 40.50 | 0.15 | 694,014 | 40.78 | 0.16 |
| SA Corporate Real Estate Ltd. | 89,095 | 5,800,888 | 15.08 | 0.06 | 5,711,793 | 16.68 | 0.06 |
| Shaftesbury Capital plc | -6,073 | 262,103 | 7.82 | 0.03 | 268,176 | 8.39 | 0.03 |
| Sirius Real Estate Ltd. | 19,762 | 972,249 | 19.65 | 0.07 | 952,487 | 17.53 | 0.07 |
| Stor-Age Property REIT Ltd. | 15,501 | 925,842 | 13.46 | 0.05 | 910,341 | 14.18 | 0.05 |
| Vukile Property Fund Ltd. | 251,099 | 2,854,087 | 49.55 | 0.18 | 2,602,988 | 46.78 | 0.18 |
| Real Estate Investment Trusts Total | 7,244,694 | 50,568,373 | 449.18 | 1.68 | 43,323,679 | 443.30 | 1.71 |
| Cashbuild Ltd. | 0 | 37,924 | 5.73 | 0.02 | 37,924 | 8.02 | 0.03 |
| Italtile Ltd. | 0 | 686,993 | 7.07 | 0.03 | 686,993 | 9.71 | 0.04 |
| Motus Holdings Ltd. | -13,274 | 262,689 | 22.83 | 0.09 | 275,963 | 33.53 | 0.13 |
| Mr Price Group Ltd. | -14,827 | 430,781 | 95.41 | 0.36 | 445,608 | 131.57 | 0.51 |
| Pepkor Holdings Ltd. | -210,513 | 4,510,666 | 115.56 | 0.43 | 4,721,179 | 136.68 | 0.53 |
| The Foschini Group Ltd. | -25,828 | 548,206 | 67.60 | 0.25 | 574,034 | 96.44 | 0.37 |
| Truworths International Ltd. | -30,211 | 627,819 | 45.68 | 0.17 | 658,030 | 68.18 | 0.26 |
| We Buy Cars Holdings Ltd. | -20,277 | 385,338 | 16.10 | 0.06 | 405,615 | 17.46 | 0.07 |
| Woolworths Holdings Ltd. | -72,394 | 1,540,231 | 79.74 | 0.30 | 1,612,625 | 100.55 | 0.39 |
| Retailers Total | -387,324 | 9,030,647 | 455.71 | 1.70 | 9,417,971 | 602.14 | 2.33 |
| Altron Ltd. | 0 | 367,634 | 7.54 | 0.03 | 367,634 | 7.81 | 0.03 |
| Bytes Technology Group plc | 0 | 96,599 | 11.19 | 0.04 | 96,599 | 9.50 | 0.04 |
| Datatec Ltd. | -13,443 | 336,913 | 18.67 | 0.07 | 350,356 | 17.47 | 0.07 |
| Karooooo Ltd. | 0 | 9,557 | 7.45 | 0.03 | 9,557 | 8.31 | 0.03 |
| Naspers Ltd. | -15,615 | 204,120 | 927.13 | 3.46 | 219,735 | 917.00 | 3.55 |
| Prosus NV | -27,428 | 365,548 | 307.74 | 1.15 | 392,976 | 294.36 | 1.14 |
| Software and Computer Services Total | -56,486 | 1,380,371 | 1,279.72 | 4.78 | 1,436,857 | 1,254.46 | 4.85 |
| Blue Label Telecoms Ltd. | 0 | 804,590 | 6.03 | 0.02 | 804,590 | 4.70 | 0.02 |
| MTN Group Ltd. | -143,835 | 3,094,613 | 383.52 | 1.43 | 3,238,448 | 297.90 | 1.15 |
| MultiChoice Group Ltd. | -18,890 | 383,836 | 42.24 | 0.16 | 402,726 | 43.49 | 0.17 |
| Telkom SA SOC Ltd. | -23,996 | 471,249 | 17.38 | 0.06 | 495,245 | 17.32 | 0.07 |
| Vodacom Group Ltd. | -47,754 | 1,020,327 | 125.91 | 0.47 | 1,068,081 | 108.26 | 0.42 |
| Telecommunications Service Providers Total | -234,475 | 5,774,615 | 575.08 | 2.15 | 6,009,090 | 471.68 | 1.82 |
| British American Tobacco plc | -40,919 | 382,020 | 286.48 | 1.07 | 422,939 | 286.15 | 1.11 |
| Tobacco Total | -40,919 | 382,020 | 286.48 | 1.07 | 422,939 | 286.15 | 1.11 |
| Famous Brands Ltd. | 0 | 146,000 | 8.40 | 0.03 | 146,000 | 10.07 | 0.04 |
| Southern Sun Ltd. | -86,255 | 1,217,551 | 10.17 | 0.04 | 1,303,806 | 11.84 | 0.05 |
| Sun International Ltd. | -15,122 | 294,134 | 12.21 | 0.05 | 309,256 | 13.45 | 0.05 |
| Tsogo Sun Ltd. | 0 | 902,459 | 7.54 | 0.03 | 902,459 | 9.21 | 0.04 |
| Travel and Leisure Total | -101,377 | 2,560,144 | 38.31 | 0.14 | 2,661,521 | 44.57 | 0.17 |
| Portfolio Total | 495,220,668 | 4,454,351,413 | 26,791.22 | 100.00 | 3,959,130,745 | 25,860.13 | 100.00 |