| | | |
| Security | Change | # Units | Value (Rm) | % Fund | # Units | Value (Rm) | % Fund |
| Absa Group Ltd. | 4,089 | 36,630 | 6.48 | 2.36 | 32,541 | 6.17 | 2.48 |
| Capitec Bank Holdings Ltd. | 323 | 2,247 | 6.97 | 2.53 | 1,924 | 6.03 | 2.42 |
| FirstRand Ltd. | 12,312 | 90,988 | 6.54 | 2.37 | 78,676 | 5.98 | 2.40 |
| Investec Ltd. | 2,312 | 22,579 | 2.57 | 0.93 | 20,267 | 2.53 | 1.02 |
| Investec plc | 4,112 | 34,373 | 3.92 | 1.42 | 30,261 | 3.83 | 1.54 |
| Nedbank Group Ltd. | 3,326 | 25,286 | 6.50 | 2.36 | 21,960 | 6.19 | 2.49 |
| Standard Bank Group Ltd. | 481 | 28,360 | 6.79 | 2.47 | 27,879 | 6.18 | 2.48 |
| Banks Total | 26,955 | 240,463 | 39.77 | 14.45 | 213,508 | 36.92 | 14.84 |
| Anheuser-Busch InBev SA/NV | -662 | 5,974 | 6.75 | 2.45 | 6,636 | 6.22 | 2.50 |
| Beverages Total | -662 | 5,974 | 6.75 | 2.45 | 6,636 | 6.22 | 2.50 |
| Cash on call | 0 | 0 | 1.11 | 0.40 | 0 | 2.17 | 0.87 |
| Cash on call Total | 0 | 0 | 1.11 | 0.40 | 0 | 2.17 | 0.87 |
| Sasol Ltd. | 14,814 | 87,080 | 6.66 | 2.42 | 72,266 | 6.02 | 2.42 |
| Chemicals Total | 14,814 | 87,080 | 6.66 | 2.42 | 72,266 | 6.02 | 2.42 |
| Mondi plc | -596 | 23,050 | 6.27 | 2.28 | 23,646 | 6.56 | 2.64 |
| The Bidvest Group Ltd. | 5,141 | 27,951 | 6.58 | 2.39 | 22,810 | 6.01 | 2.42 |
| General Industrials Total | 4,545 | 51,001 | 12.86 | 4.67 | 46,456 | 12.58 | 5.05 |
| Anglo American plc | 993 | 12,400 | 6.34 | 2.30 | 11,407 | 6.29 | 2.53 |
| BHP Group Ltd. | 1,207 | 15,055 | 6.61 | 2.40 | 13,848 | 6.38 | 2.56 |
| Glencore plc | 13,883 | 89,790 | 6.04 | 2.19 | 75,907 | 6.34 | 2.55 |
| Industrial Metals and Mining Total | 16,083 | 117,245 | 18.98 | 6.90 | 101,162 | 19.01 | 7.64 |
| Reinet Investments SCA | 1,490 | 15,320 | 6.82 | 2.48 | 13,830 | 6.18 | 2.49 |
| Remgro Ltd. | 5,940 | 46,381 | 7.32 | 2.66 | 40,441 | 6.27 | 2.52 |
| Investment Banking and Brokerage Services Total | 7,430 | 61,701 | 14.14 | 5.14 | 54,271 | 12.46 | 5.01 |
| Discovery Ltd. | 1,957 | 34,503 | 6.88 | 2.50 | 32,546 | 6.34 | 2.55 |
| Old Mutual Ltd. | 104,298 | 590,146 | 7.02 | 2.55 | 485,848 | 6.08 | 2.44 |
| Sanlam Ltd. | 9,771 | 81,350 | 6.73 | 2.45 | 71,579 | 6.22 | 2.50 |
| Life Insurance Total | 116,026 | 705,999 | 20.64 | 7.50 | 589,973 | 18.64 | 7.49 |
| OUTsurance Group Ltd. | 12,781 | 106,085 | 7.39 | 2.69 | 93,304 | 6.20 | 2.49 |
| Non-life Insurance Total | 12,781 | 106,085 | 7.39 | 2.69 | 93,304 | 6.20 | 2.49 |
| Exxaro Resources Ltd. | -37,969 | 0 | 0.00 | 0.00 | 37,969 | 6.00 | 2.41 |
| Oil, Gas and Coal Total | -37,969 | 0 | 0.00 | 0.00 | 37,969 | 6.00 | 2.41 |
| Bid Corporation Ltd. | 1,407 | 15,732 | 6.91 | 2.51 | 14,325 | 6.17 | 2.48 |
| Clicks Group Ltd. | 3,489 | 19,741 | 6.69 | 2.43 | 16,252 | 6.06 | 2.44 |
| Shoprite Holdings Ltd. | 3,965 | 24,423 | 6.66 | 2.42 | 20,458 | 6.02 | 2.42 |
| Personal Care, Drug and Grocery Stores Total | 8,861 | 59,896 | 20.26 | 7.36 | 51,035 | 18.26 | 7.34 |
| Compagnie Financière Richemont SA | -359 | 1,976 | 6.26 | 2.28 | 2,335 | 6.48 | 2.61 |
| Personal Goods Total | -359 | 1,976 | 6.26 | 2.28 | 2,335 | 6.48 | 2.61 |
| Aspen Pharmacare Holdings Ltd. | -109 | 37,708 | 6.17 | 2.24 | 37,817 | 6.23 | 2.51 |
| Pharmaceuticals and Biotechnology Total | -109 | 37,708 | 6.17 | 2.24 | 37,817 | 6.23 | 2.51 |
| AngloGold Ashanti plc | -2,763 | 11,413 | 7.84 | 2.85 | 14,176 | 5.97 | 2.40 |
| Gold Fields Ltd. | -6,381 | 18,247 | 7.40 | 2.69 | 24,628 | 6.09 | 2.45 |
| Harmony Gold Mining Company Ltd. | -8,849 | 30,589 | 8.15 | 2.96 | 39,438 | 5.94 | 2.39 |
| Impala Platinum Holdings Ltd. | -4,197 | 59,279 | 7.46 | 2.71 | 63,476 | 5.57 | 2.24 |
| Sibanye Stillwater Ltd. | 27,921 | 382,292 | 7.96 | 2.89 | 354,371 | 5.31 | 2.13 |
| Valterra Platinum Ltd. | 9,887 | 9,887 | 7.26 | 2.64 | 0 | 0.00 | 0.00 |
| Precious Metals and Mining Total | 15,618 | 511,707 | 46.08 | 16.74 | 496,089 | 28.87 | 11.61 |
| NEPI Rockcastle NV | 7,979 | 52,824 | 7.00 | 2.54 | 44,845 | 6.19 | 2.49 |
| Real Estate Investment and Services Total | 7,979 | 52,824 | 7.00 | 2.54 | 44,845 | 6.19 | 2.49 |
| Growthpoint Properties Ltd. | 26,150 | 507,615 | 6.57 | 2.39 | 481,465 | 6.13 | 2.46 |
| Real Estate Investment Trusts Total | 26,150 | 507,615 | 6.57 | 2.39 | 481,465 | 6.13 | 2.46 |
| Mr Price Group Ltd. | 8,033 | 29,666 | 6.57 | 2.39 | 21,633 | 6.39 | 2.57 |
| Pepkor Holdings Ltd. | 56,415 | 276,239 | 7.05 | 2.56 | 219,824 | 6.36 | 2.56 |
| Woolworths Holdings Ltd. | 26,584 | 125,418 | 6.40 | 2.32 | 98,834 | 6.16 | 2.48 |
| Retailers Total | 91,032 | 431,323 | 20.02 | 7.27 | 340,291 | 18.91 | 7.60 |
| Naspers Ltd. | -9 | 1,432 | 6.47 | 2.35 | 1,441 | 6.01 | 2.42 |
| Prosus NV | -489 | 7,852 | 6.61 | 2.40 | 8,341 | 6.25 | 2.51 |
| Software and Computer Services Total | -498 | 9,284 | 13.08 | 4.75 | 9,782 | 12.26 | 4.93 |
| MTN Group Ltd. | -13,708 | 59,525 | 7.34 | 2.67 | 73,233 | 6.74 | 2.71 |
| Vodacom Group Ltd. | -1,767 | 58,281 | 7.31 | 2.66 | 60,048 | 6.09 | 2.45 |
| Telecommunications Service Providers Total | -15,475 | 117,806 | 14.65 | 5.32 | 133,281 | 12.82 | 5.15 |
| British American Tobacco plc | -450 | 9,065 | 6.84 | 2.49 | 9,515 | 6.44 | 2.59 |
| Tobacco Total | -450 | 9,065 | 6.84 | 2.49 | 9,515 | 6.44 | 2.59 |
| Portfolio Total | 292,752 | 3,114,752 | 275.25 | 100.00 | 2,822,000 | 248.81 | 100.00 |