| | | |
| Security | Change | # Units | Value (Rm) | % Fund | # Units | Value (Rm) | % Fund |
| Montauk Renewables Inc. | 0 | 76,956 | 2.23 | 0.01 | 76,956 | 2.82 | 0.01 |
| Alternative Energy Total | 0 | 76,956 | 2.23 | 0.01 | 76,956 | 2.82 | 0.01 |
| Absa Group Ltd. | -73,416 | 1,320,918 | 316.17 | 0.99 | 1,394,334 | 252.29 | 0.82 |
| Capitec Bank Holdings Ltd. | -7,634 | 137,138 | 569.92 | 1.78 | 144,772 | 502.38 | 1.64 |
| FirstRand Ltd. | -451,907 | 8,119,615 | 736.86 | 2.30 | 8,571,522 | 667.21 | 2.18 |
| Investec Ltd. | -22,192 | 394,288 | 48.17 | 0.15 | 416,480 | 53.37 | 0.17 |
| Investec plc | -55,829 | 550,265 | 67.23 | 0.21 | 606,094 | 77.89 | 0.25 |
| Nedbank Group Ltd. | -40,136 | 725,775 | 193.24 | 0.60 | 765,911 | 163.94 | 0.54 |
| Standard Bank Group Ltd. | -116,544 | 2,093,735 | 608.02 | 1.90 | 2,210,279 | 522.20 | 1.70 |
| Banks Total | -767,658 | 13,341,734 | 2,539.61 | 7.92 | 14,109,392 | 2,239.29 | 7.31 |
| Anheuser-Busch InBev SA/NV | 2,544 | 149,468 | 160.01 | 0.50 | 146,924 | 151.66 | 0.50 |
| Beverages Total | 2,544 | 149,468 | 160.01 | 0.50 | 146,924 | 151.66 | 0.50 |
| SA Bond EL31 | 0 | 3,000,000 | 4.55 | 0.01 | 3,000,000 | 4.37 | 0.01 |
| SA Bond ES33 | 0 | 800,000 | 0.77 | 0.00 | 800,000 | 0.71 | 0.00 |
| SA Bond ES42 | 0 | 7,000,000 | 6.60 | 0.02 | 7,000,000 | 6.23 | 0.02 |
| SA Bond FRBI29 | 0 | 20,000,000 | 28.03 | 0.09 | 20,000,000 | 27.27 | 0.09 |
| SA Bond I2029 | 0 | 90,000,000 | 129.37 | 0.40 | 90,000,000 | 126.12 | 0.41 |
| SA Bond I2033 | 0 | 37,600,000 | 53.22 | 0.17 | 37,600,000 | 50.41 | 0.16 |
| SA Bond I2038 | 0 | 66,020,000 | 104.44 | 0.33 | 66,020,000 | 95.62 | 0.31 |
| SA Bond I2043 | 0 | 24,000,000 | 29.86 | 0.09 | 24,000,000 | 26.80 | 0.09 |
| SA Bond I2046 | 0 | 70,000,000 | 98.12 | 0.31 | 70,000,000 | 86.82 | 0.28 |
| SA Bond I2050 | 0 | 83,000,000 | 117.52 | 0.37 | 83,000,000 | 104.39 | 0.34 |
| SA Bond IBL263 | 0 | 50,000,000 | 50.92 | 0.16 | 50,000,000 | 50.97 | 0.17 |
| SA Bond R186 | -329,374,000 | 0 | 0.00 | 0.00 | 329,374,000 | 350.50 | 1.14 |
| SA Bond R187 | 109,791,330 | 109,791,330 | 113.62 | 0.35 | 0 | 0.00 | 0.00 |
| SA Bond R188 | 109,791,330 | 109,791,330 | 117.17 | 0.37 | 0 | 0.00 | 0.00 |
| SA Bond R202 | 0 | 9,066,000 | 26.42 | 0.08 | 9,066,000 | 25.32 | 0.08 |
| SA Bond R2030 | -120,000,000 | 222,500,000 | 235.07 | 0.73 | 342,500,000 | 348.36 | 1.14 |
| SA Bond R2032 | 0 | 300,000,000 | 314.18 | 0.98 | 300,000,000 | 296.16 | 0.97 |
| SA Bond R2035 | 0 | 364,000,000 | 390.64 | 1.22 | 364,000,000 | 360.60 | 1.18 |
| SA Bond R2037 | 0 | 342,300,000 | 352.62 | 1.10 | 342,300,000 | 320.46 | 1.05 |
| SA Bond R2038 | 10,000,000 | 10,000,000 | 11.89 | 0.04 | 0 | 0.00 | 0.00 |
| SA Bond R2040 | 0 | 407,300,000 | 424.36 | 1.32 | 407,300,000 | 379.54 | 1.24 |
| SA Bond R2044 | 190,000,000 | 524,000,000 | 523.64 | 1.63 | 334,000,000 | 296.06 | 0.97 |
| SA Bond R2048 | 85,000,000 | 365,067,000 | 363.08 | 1.13 | 280,067,000 | 244.52 | 0.80 |
| SA Bond R2053 | 0 | 10,000,000 | 13.00 | 0.04 | 10,000,000 | 11.36 | 0.04 |
| SA Bond R209 | 0 | 109,920,000 | 95.73 | 0.30 | 109,920,000 | 87.37 | 0.29 |
| SA Bond R210 | 0 | 14,550,000 | 37.27 | 0.12 | 14,550,000 | 36.56 | 0.12 |
| SA Bond R213 | 50,000,000 | 214,105,000 | 214.48 | 0.67 | 164,105,000 | 156.77 | 0.51 |
| SA Bond R214 | 0 | 119,000,000 | 97.30 | 0.30 | 119,000,000 | 86.92 | 0.28 |
| SA Bond SBS77 | 0 | 10,000,000 | 10.30 | 0.03 | 10,000,000 | 10.32 | 0.03 |
| SA Bond SSN043 | 0 | 12,000,000 | 18.05 | 0.06 | 12,000,000 | 16.52 | 0.05 |
| Bond Total | 105,208,660 | 3,704,810,660 | 3,982.20 | 12.42 | 3,599,602,000 | 3,607.03 | 11.78 |
| iShares Core Global Aggregate Bond UCITS ETF | 1,683,959 | 10,975,120 | 996.45 | 3.11 | 9,291,161 | 876.76 | 2.86 |
| iShares Global Inflation Linked Govt Bond UCITS ETF | 0 | 72,143 | 195.91 | 0.61 | 72,143 | 204.05 | 0.67 |
| Bonds Total | 1,683,959 | 11,047,263 | 1,192.36 | 3.72 | 9,363,304 | 1,080.81 | 3.53 |
| Cash on call | 0 | 0 | -400.79 | -1.25 | 0 | 29.39 | 0.10 |
| Cash on call Total | 0 | 0 | -400.79 | -1.25 | 0 | 29.39 | 0.10 |
| AECI Ltd. | -9,391 | 167,777 | 14.99 | 0.05 | 177,168 | 17.21 | 0.06 |
| ASP Isotopes Inc. | 15,920 | 15,920 | 1.55 | 0.00 | 0 | 0.00 | 0.00 |
| Omnia Holdings Ltd. | -15,318 | 252,626 | 19.91 | 0.06 | 267,944 | 19.21 | 0.06 |
| Sasol Ltd. | -51,340 | 934,551 | 99.25 | 0.31 | 985,891 | 105.88 | 0.35 |
| Chemicals Total | -60,129 | 1,370,874 | 135.69 | 0.42 | 1,431,003 | 142.31 | 0.46 |
| PPC Ltd. | 0 | 2,012,856 | 11.25 | 0.04 | 2,012,856 | 10.87 | 0.04 |
| Raubex Group Ltd. | -21,076 | 282,343 | 12.58 | 0.04 | 303,419 | 12.94 | 0.04 |
| Wilson Bayly Holmes - Ovcon Ltd. | -138 | 82,957 | 13.86 | 0.04 | 83,095 | 12.46 | 0.04 |
| Construction and Materials Total | -21,214 | 2,378,156 | 37.69 | 0.12 | 2,399,370 | 36.27 | 0.12 |
| ADvTECH Ltd. | -48,240 | 770,921 | 28.70 | 0.09 | 819,161 | 25.85 | 0.08 |
| Curro Holdings Ltd. | 0 | 792,157 | 11.36 | 0.04 | 792,157 | 9.46 | 0.03 |
| Consumer Services Total | -48,240 | 1,563,078 | 40.06 | 0.12 | 1,611,318 | 35.31 | 0.12 |
| Reunert Ltd. | -18,644 | 249,751 | 15.56 | 0.05 | 268,395 | 14.38 | 0.05 |
| Electronic and Electrical Equipment Total | -18,644 | 249,751 | 15.56 | 0.05 | 268,395 | 14.38 | 0.05 |
| BlackRock Developed Real Estate Index sub-Fund USD | 210,393 | 1,358,139 | 320.73 | 1.00 | 1,147,746 | 281.48 | 0.92 |
| Blackrock Developed World Index Fund | 1,033,176 | 6,726,260 | 4,895.51 | 15.27 | 5,693,084 | 4,156.14 | 13.57 |
| iShares Core MSCI Emerging Markets IMI UCITS ETF | 97,290 | 350,086 | 260.82 | 0.81 | 252,796 | 188.87 | 0.62 |
| iShares Emerging Markets Index Fund | 291,988 | 802,992 | 295.34 | 0.92 | 511,004 | 187.05 | 0.61 |
| Equities Total | 1,632,847 | 9,237,477 | 5,772.40 | 18.01 | 7,604,630 | 4,813.54 | 15.72 |
| Astral Foods Ltd. | -82 | 60,968 | 16.26 | 0.05 | 61,050 | 12.66 | 0.04 |
| AVI Ltd. | -29,812 | 528,651 | 55.77 | 0.17 | 558,463 | 55.01 | 0.18 |
| Oceana Group Ltd. | -19,002 | 136,652 | 7.62 | 0.02 | 155,654 | 7.79 | 0.03 |
| Premier Group Ltd. | 0 | 76,297 | 12.79 | 0.04 | 76,297 | 11.67 | 0.04 |
| RCL Foods Ltd. | 0 | 321,123 | 3.24 | 0.01 | 321,123 | 3.09 | 0.01 |
| Tiger Brands Ltd. | -13,154 | 241,316 | 88.37 | 0.28 | 254,470 | 78.27 | 0.26 |
| Food Producers Total | -62,050 | 1,365,007 | 184.05 | 0.57 | 1,427,057 | 168.49 | 0.55 |
| USA - Currency | 0 | 0 | 231.86 | 0.72 | 0 | 218.76 | 0.71 |
| For Currency Total | 0 | 0 | 231.86 | 0.72 | 0 | 218.76 | 0.71 |
| Nedgroup Inv Core SA Equity - C4 | 0 | 21,009,212 | 331.03 | 1.03 | 21,009,212 | 299.97 | 0.98 |
| General Equity Total | 0 | 21,009,212 | 331.03 | 1.03 | 21,009,212 | 299.97 | 0.98 |
| Barloworld Ltd. | -240,002 | 0 | 0.00 | 0.00 | 240,002 | 28.24 | 0.09 |
| KAP Ltd. | -466,572 | 3,950,733 | 7.59 | 0.02 | 4,417,305 | 7.42 | 0.02 |
| Mondi plc | -23,577 | 293,973 | 59.85 | 0.19 | 317,550 | 75.00 | 0.24 |
| The Bidvest Group Ltd. | -29,742 | 541,493 | 128.60 | 0.40 | 571,235 | 120.50 | 0.39 |
| General Industrials Total | -759,893 | 4,786,199 | 196.04 | 0.61 | 5,546,092 | 231.16 | 0.75 |
| Life Healthcare Group Holdings Ltd. | -137,967 | 2,187,172 | 24.91 | 0.08 | 2,325,139 | 26.99 | 0.09 |
| Netcare Ltd. | -160,421 | 2,141,190 | 33.90 | 0.11 | 2,301,611 | 32.94 | 0.11 |
| Health Care Providers Total | -298,388 | 4,328,362 | 58.81 | 0.18 | 4,626,750 | 59.93 | 0.20 |
| Nedgroup Inv Core Income - D | 39,623,345 | 540,075,641 | 544.40 | 1.70 | 500,452,296 | 504.31 | 1.65 |
| Income Total | 39,623,345 | 540,075,641 | 544.40 | 1.70 | 500,452,296 | 504.31 | 1.65 |
| Sappi Ltd. | -59,709 | 955,819 | 23.47 | 0.07 | 1,015,528 | 23.47 | 0.08 |
| Industrial Materials Total | -59,709 | 955,819 | 23.47 | 0.07 | 1,015,528 | 23.47 | 0.08 |
| African Rainbow Minerals Ltd. | -21,168 | 155,820 | 30.99 | 0.10 | 176,988 | 32.82 | 0.11 |
| Afrimat Ltd. | -20,691 | 196,818 | 8.10 | 0.03 | 217,509 | 8.30 | 0.03 |
| Anglo American plc | -68,838 | 469,663 | 321.77 | 1.00 | 538,501 | 347.37 | 1.13 |
| BHP Group Ltd. | -28,785 | 228,802 | 116.03 | 0.36 | 257,587 | 123.20 | 0.40 |
| Glencore plc | 131,051 | 1,580,738 | 144.08 | 0.45 | 1,449,687 | 115.99 | 0.38 |
| Kumba Iron Ore Ltd. | -5,391 | 86,296 | 30.30 | 0.09 | 91,687 | 29.91 | 0.10 |
| South32 Ltd. | -75,871 | 374,220 | 14.72 | 0.05 | 450,091 | 14.04 | 0.05 |
| Industrial Metals and Mining Total | -89,693 | 3,092,357 | 665.99 | 2.08 | 3,182,050 | 671.63 | 2.19 |
| Hudaco Industries Ltd. | -3,579 | 42,696 | 8.75 | 0.03 | 46,275 | 8.05 | 0.03 |
| Industrial Support Services Total | -3,579 | 42,696 | 8.75 | 0.03 | 46,275 | 8.05 | 0.03 |
| Grindrod Ltd. | -68,254 | 940,428 | 15.99 | 0.05 | 1,008,682 | 15.23 | 0.05 |
| Super Group Ltd. | 0 | 558,596 | 10.56 | 0.03 | 558,596 | 7.14 | 0.02 |
| Industrial Transportation Total | -68,254 | 1,499,024 | 26.55 | 0.08 | 1,567,278 | 22.37 | 0.07 |
| Nedgroup Inv Core Global Feeder - A | -11,267,840 | 12,866,608 | 302.52 | 0.94 | 24,134,448 | 568.82 | 1.86 |
| Nedgroup Investments Core Wld Index Feed - C4 | 0 | 37,142,332 | 516.48 | 1.61 | 37,142,332 | 512.55 | 1.67 |
| International Total | -11,267,840 | 50,008,940 | 819.00 | 2.56 | 61,276,780 | 1,081.36 | 3.53 |
| Alexander Forbes Group Holdings Ltd. | -94,480 | 322,021 | 2.51 | 0.01 | 416,501 | 3.17 | 0.01 |
| Coronation Fund Managers Ltd. | -27,633 | 448,790 | 20.99 | 0.07 | 476,423 | 21.11 | 0.07 |
| Hosken Consolidated Investments Ltd. | -7,467 | 71,811 | 11.20 | 0.04 | 79,278 | 9.85 | 0.03 |
| JSE Ltd. | -9,816 | 129,596 | 18.59 | 0.06 | 139,412 | 17.81 | 0.06 |
| Ninety One Ltd. | -14,997 | 346,993 | 16.59 | 0.05 | 361,990 | 16.47 | 0.05 |
| Ninety One plc | -18,119 | 257,879 | 12.45 | 0.04 | 275,998 | 12.95 | 0.04 |
| PSG Financial Services Ltd. | -90,181 | 1,553,505 | 42.33 | 0.13 | 1,643,686 | 37.31 | 0.12 |
| Quilter plc | -123,234 | 1,117,806 | 45.33 | 0.14 | 1,241,040 | 47.62 | 0.16 |
| Reinet Investments SCA | -11,634 | 212,163 | 123.05 | 0.38 | 223,797 | 113.13 | 0.37 |
| Remgro Ltd. | -43,770 | 794,495 | 144.29 | 0.45 | 838,265 | 141.56 | 0.46 |
| Investment Banking and Brokerage Services Total | -441,331 | 5,255,059 | 437.33 | 1.36 | 5,696,390 | 420.95 | 1.37 |
| Discovery Ltd. | -47,398 | 856,077 | 194.83 | 0.61 | 903,475 | 178.77 | 0.58 |
| Momentum Group Ltd. | -108,454 | 1,982,757 | 75.82 | 0.24 | 2,091,211 | 68.82 | 0.22 |
| Old Mutual Ltd. | -358,944 | 6,557,439 | 97.71 | 0.30 | 6,916,383 | 92.06 | 0.30 |
| Sanlam Ltd. | -154,934 | 2,795,617 | 275.34 | 0.86 | 2,950,551 | 244.95 | 0.80 |
| Life Insurance Total | -669,730 | 12,191,890 | 643.69 | 2.01 | 12,861,620 | 584.60 | 1.91 |
| eMedia Holdings Ltd. | -351,773 | 0 | 0.00 | 0.00 | 351,773 | 0.61 | 0.00 |
| Media Total | -351,773 | 0 | 0.00 | 0.00 | 351,773 | 0.61 | 0.00 |
| Money Market - 10 months duration | 0 | 0 | 0.00 | 0.00 | 0 | 55.82 | 0.18 |
| Money Market - 11 months duration | 0 | 0 | 0.00 | 0.00 | 0 | 10.08 | 0.03 |
| Money Market - 16 months duration | 0 | 0 | 20.40 | 0.06 | 0 | 0.00 | 0.00 |
| Money Market - 17 months duration | 0 | 0 | 162.03 | 0.51 | 0 | 0.00 | 0.00 |
| Money Market - 18 months duration | 0 | 0 | 0.00 | 0.00 | 0 | 75.39 | 0.25 |
| Money Market - 19 months duration | 0 | 0 | 0.00 | 0.00 | 0 | 20.41 | 0.07 |
| Money Market - 20 months duration | 0 | 0 | 0.00 | 0.00 | 0 | 162.02 | 0.53 |
| Money Market - 23 months duration | 0 | 0 | 50.41 | 0.16 | 0 | 0.00 | 0.00 |
| Money Market - 26 months duration | 0 | 0 | 0.00 | 0.00 | 0 | 50.42 | 0.16 |
| Money Market - 28 months duration | 0 | 0 | 12.20 | 0.04 | 0 | 0.00 | 0.00 |
| Money Market - 29 months duration | 0 | 0 | 50.30 | 0.16 | 0 | 0.00 | 0.00 |
| Money Market - 31 months duration | 0 | 0 | 0.00 | 0.00 | 0 | 12.20 | 0.04 |
| Money Market - 4 months duration | 0 | 0 | 20.32 | 0.06 | 0 | 0.00 | 0.00 |
| Money Market - 7 months duration | 0 | 0 | 0.00 | 0.00 | 0 | 20.33 | 0.07 |
| Money Market - 8 months duration | 0 | 0 | 65.92 | 0.21 | 0 | 0.00 | 0.00 |
| Money Market Instrument | 0 | 0 | 491.48 | 1.53 | 0 | 467.58 | 1.53 |
| Nedgroup Investments Corporate Money Market - Z | 11,169,128 | 98,831,766 | 99.49 | 0.31 | 87,662,638 | 88.20 | 0.29 |
| Nedgroup Inv Money Market - B | 18,063,838 | 105,326,653 | 106.02 | 0.33 | 87,262,815 | 87.75 | 0.29 |
| Money Market Total | 29,232,966 | 204,158,419 | 1,078.56 | 3.37 | 174,925,453 | 1,050.19 | 3.43 |
| OUTsurance Group Ltd. | -74,474 | 1,362,476 | 97.64 | 0.30 | 1,436,950 | 102.66 | 0.34 |
| Santam Ltd. | -4,069 | 64,224 | 27.45 | 0.09 | 68,293 | 25.77 | 0.08 |
| Non-life Insurance Total | -78,543 | 1,426,700 | 125.09 | 0.39 | 1,505,243 | 128.42 | 0.42 |
| iShares Core MSCI World UCITS ETF | 0 | 45,893 | 99.40 | 0.31 | 45,893 | 99.84 | 0.33 |
| Nedgroup Investments Core Global - A | 0 | 130,357,510 | 4,754.62 | 14.83 | 130,357,510 | 4,787.55 | 15.63 |
| Offshore Intern Total | 0 | 130,403,403 | 4,854.02 | 15.14 | 130,403,403 | 4,887.39 | 15.96 |
| Exxaro Resources Ltd. | -29,138 | 376,497 | 67.39 | 0.21 | 405,635 | 72.61 | 0.24 |
| Thungela Resources Ltd. | -12,407 | 171,526 | 16.47 | 0.05 | 183,933 | 16.01 | 0.05 |
| Oil, Gas and Coal Total | -41,545 | 548,023 | 83.86 | 0.26 | 589,568 | 88.62 | 0.29 |
| Bid Corporation Ltd. | -29,707 | 535,064 | 225.73 | 0.70 | 564,771 | 243.98 | 0.80 |
| Boxer Retail Ltd. | -14,451 | 250,744 | 17.89 | 0.06 | 265,195 | 18.14 | 0.06 |
| Clicks Group Ltd. | -25,889 | 372,721 | 125.45 | 0.39 | 398,610 | 141.11 | 0.46 |
| Dis-Chem Pharmacies Ltd. | -28,267 | 799,747 | 27.99 | 0.09 | 828,014 | 27.03 | 0.09 |
| Pick n Pay Stores Ltd. | -52,736 | 844,086 | 21.02 | 0.07 | 896,822 | 22.45 | 0.07 |
| Shoprite Holdings Ltd. | -41,739 | 752,486 | 203.34 | 0.63 | 794,225 | 217.70 | 0.71 |
| The SPAR Group Ltd. | -18,437 | 307,227 | 29.34 | 0.09 | 325,664 | 31.49 | 0.10 |
| Personal Care, Drug and Grocery Stores Total | -211,226 | 3,862,075 | 650.76 | 2.03 | 4,073,301 | 701.90 | 2.29 |
| Compagnie Financière Richemont SA | -3,794 | 75,108 | 272.42 | 0.85 | 78,902 | 257.98 | 0.84 |
| Personal Goods Total | -3,794 | 75,108 | 272.42 | 0.85 | 78,902 | 257.98 | 0.84 |
| Adcock Ingram Holdings Ltd. | -92,169 | 0 | 0.00 | 0.00 | 92,169 | 6.64 | 0.02 |
| Aspen Pharmacare Holdings Ltd. | -34,450 | 617,330 | 72.10 | 0.22 | 651,780 | 62.57 | 0.20 |
| Pharmaceuticals and Biotechnology Total | -126,619 | 617,330 | 72.10 | 0.22 | 743,949 | 69.21 | 0.23 |
| AngloGold Ashanti plc | -41,290 | 554,760 | 795.05 | 2.48 | 596,050 | 708.95 | 2.31 |
| DRDGOLD Ltd. | -41,984 | 681,701 | 35.69 | 0.11 | 723,685 | 34.19 | 0.11 |
| Gold Fields Ltd. | -78,103 | 1,407,066 | 1,021.12 | 3.19 | 1,485,169 | 1,065.07 | 3.48 |
| Harmony Gold Mining Company Ltd. | -48,411 | 871,058 | 293.62 | 0.92 | 919,469 | 282.32 | 0.92 |
| Impala Platinum Holdings Ltd. | -69,066 | 1,247,077 | 326.73 | 1.02 | 1,316,143 | 286.50 | 0.94 |
| Northam Platinum Holdings Ltd. | -31,018 | 563,121 | 189.83 | 0.59 | 594,139 | 165.76 | 0.54 |
| Pan African Resources plc | -202,491 | 2,627,277 | 70.75 | 0.22 | 2,829,768 | 56.88 | 0.19 |
| Sibanye Stillwater Ltd. | -247,901 | 4,475,530 | 270.77 | 0.84 | 4,723,431 | 232.35 | 0.76 |
| Valterra Platinum Ltd. | 1,689 | 373,225 | 526.08 | 1.64 | 371,536 | 448.82 | 1.47 |
| Precious Metals and Mining Total | -758,575 | 12,800,815 | 3,529.66 | 11.01 | 13,559,390 | 3,280.84 | 10.71 |
| Fortress Real Estate Investments Ltd. | -171,681 | 2,671,616 | 63.85 | 0.20 | 2,843,297 | 64.83 | 0.21 |
| Lighthouse Properties plc | -180,600 | 2,358,390 | 19.93 | 0.06 | 2,538,990 | 19.98 | 0.07 |
| MAS plc | -61,328 | 800,440 | 18.08 | 0.06 | 861,768 | 18.33 | 0.06 |
| NEPI Rockcastle NV | 2,637 | 834,392 | 121.70 | 0.38 | 831,755 | 114.72 | 0.37 |
| Real Estate Investment and Services Total | -410,972 | 6,664,838 | 223.56 | 0.70 | 7,075,810 | 217.86 | 0.71 |
| Assura plc | -452,874 | 0 | 0.00 | 0.00 | 452,874 | 4.89 | 0.02 |
| Attacq Ltd. | -117,740 | 1,537,475 | 25.06 | 0.08 | 1,655,215 | 22.74 | 0.07 |
| Burstone Group Ltd. | -106,559 | 1,391,716 | 12.72 | 0.04 | 1,498,275 | 12.14 | 0.04 |
| Emira Property Fund Ltd. | -44,965 | 426,816 | 5.80 | 0.02 | 471,781 | 5.72 | 0.02 |
| Equites Property Fund Ltd. | -137,020 | 1,789,088 | 32.83 | 0.10 | 1,926,108 | 30.74 | 0.10 |
| Fairvest Ltd. | 90,285 | 4,094,161 | 29.40 | 0.09 | 4,003,876 | 22.14 | 0.07 |
| Growthpoint Properties Ltd. | -637,193 | 7,057,709 | 121.11 | 0.38 | 7,694,902 | 113.58 | 0.37 |
| Hammerson plc | 47,528 | 311,409 | 22.75 | 0.07 | 263,881 | 17.66 | 0.06 |
| Hyprop Investments Ltd. | -67,385 | 879,824 | 50.17 | 0.16 | 947,209 | 44.01 | 0.14 |
| Intu Properties plc | 0 | 4,827,038 | 0.00 | 0.00 | 4,827,038 | 0.00 | 0.00 |
| Primary Health Properties plc | -157,440 | 160,434 | 3.48 | 0.01 | 317,874 | 6.77 | 0.02 |
| Redefine Properties Ltd. | -1,162,666 | 15,179,107 | 91.07 | 0.28 | 16,341,773 | 81.06 | 0.26 |
| Resilient REIT Ltd. | -49,190 | 642,228 | 51.38 | 0.16 | 691,418 | 44.08 | 0.14 |
| SA Corporate Real Estate Ltd. | -368,950 | 4,813,937 | 17.33 | 0.05 | 5,182,887 | 16.07 | 0.05 |
| Shaftesbury Capital plc | -24,436 | 319,145 | 10.31 | 0.03 | 343,581 | 11.30 | 0.04 |
| Sirius Real Estate Ltd. | -103,382 | 952,309 | 20.67 | 0.06 | 1,055,691 | 23.77 | 0.08 |
| Stor-Age Property REIT Ltd. | -67,979 | 887,751 | 15.92 | 0.05 | 955,730 | 14.72 | 0.05 |
| Supermarket Income REIT plc | 0 | 313,968 | 5.78 | 0.02 | 313,968 | 5.77 | 0.02 |
| Vukile Property Fund Ltd. | 62,772 | 2,950,203 | 73.76 | 0.23 | 2,887,431 | 60.23 | 0.20 |
| Real Estate Investment Trusts Total | -3,297,194 | 48,534,318 | 589.53 | 1.84 | 51,831,512 | 537.38 | 1.75 |
| Italtile Ltd. | 0 | 686,993 | 6.22 | 0.02 | 686,993 | 6.53 | 0.02 |
| Motus Holdings Ltd. | -15,561 | 246,370 | 30.04 | 0.09 | 261,931 | 27.23 | 0.09 |
| Mr Price Group Ltd. | -21,925 | 402,543 | 70.44 | 0.22 | 424,468 | 86.73 | 0.28 |
| Pepkor Holdings Ltd. | -368,069 | 5,881,242 | 155.56 | 0.49 | 6,249,311 | 152.98 | 0.50 |
| The Foschini Group Ltd. | -28,541 | 511,844 | 42.97 | 0.13 | 540,385 | 58.63 | 0.19 |
| Truworths International Ltd. | -35,335 | 592,103 | 33.71 | 0.11 | 627,438 | 34.26 | 0.11 |
| We Buy Cars Holdings Ltd. | -22,573 | 359,181 | 17.18 | 0.05 | 381,754 | 21.19 | 0.07 |
| Woolworths Holdings Ltd. | -79,166 | 1,434,299 | 80.32 | 0.25 | 1,513,465 | 75.78 | 0.25 |
| Retailers Total | -571,170 | 10,114,575 | 436.43 | 1.36 | 10,685,745 | 463.32 | 1.51 |
| Altron Ltd. | 0 | 367,634 | 7.31 | 0.02 | 367,634 | 6.73 | 0.02 |
| Bytes Technology Group plc | 71,970 | 179,173 | 14.60 | 0.05 | 107,203 | 9.86 | 0.03 |
| Datatec Ltd. | -24,750 | 311,662 | 24.64 | 0.08 | 336,412 | 20.15 | 0.07 |
| Karooooo Ltd. | -876 | 8,681 | 6.79 | 0.02 | 9,557 | 9.29 | 0.03 |
| Naspers Ltd. | 886,695 | 1,064,612 | 1,175.87 | 3.67 | 177,917 | 1,121.15 | 3.66 |
| Prosus NV | 25,937 | 328,513 | 336.24 | 1.05 | 302,576 | 370.59 | 1.21 |
| Software and Computer Services Total | 958,976 | 2,260,275 | 1,565.45 | 4.88 | 1,301,299 | 1,537.77 | 5.02 |
| Blu Label Unlimited Group Ltd. | 118,854 | 977,308 | 10.30 | 0.03 | 858,454 | 10.17 | 0.03 |
| MTN Group Ltd. | -154,176 | 2,803,771 | 475.24 | 1.48 | 2,957,947 | 414.94 | 1.35 |
| MultiChoice Group Ltd. | -378,406 | 0 | 0.00 | 0.00 | 378,406 | 47.25 | 0.15 |
| Telkom SA SOC Ltd. | -27,461 | 439,113 | 25.91 | 0.08 | 466,574 | 23.89 | 0.08 |
| Vodacom Group Ltd. | -52,257 | 950,112 | 134.26 | 0.42 | 1,002,369 | 133.01 | 0.43 |
| Telecommunications Service Providers Total | -493,446 | 5,170,304 | 645.71 | 2.01 | 5,663,750 | 629.27 | 2.05 |
| British American Tobacco plc | -66,646 | 256,608 | 241.52 | 0.75 | 323,254 | 294.40 | 0.96 |
| Tobacco Total | -66,646 | 256,608 | 241.52 | 0.75 | 323,254 | 294.40 | 0.96 |
| Famous Brands Ltd. | 2,212 | 148,212 | 7.93 | 0.02 | 146,000 | 7.82 | 0.03 |
| Southern Sun Ltd. | -77,855 | 1,139,696 | 11.67 | 0.04 | 1,217,551 | 10.43 | 0.03 |
| Sun International Ltd. | -19,911 | 274,223 | 10.60 | 0.03 | 294,134 | 11.84 | 0.04 |
| Tsogo Sun Ltd. | -112,472 | 789,987 | 5.53 | 0.02 | 902,459 | 5.88 | 0.02 |
| Travel and Leisure Total | -208,026 | 2,352,118 | 35.73 | 0.11 | 2,560,144 | 35.98 | 0.12 |
| Portfolio Total | 157,087,416 | 4,818,080,532 | 32,052.40 | 100.00 | 4,660,993,116 | 30,629.01 | 100.00 |