| | | |
| Security | Change | # Units | Value (Rm) | % Fund | # Units | Value (Rm) | % Fund |
| Absa Group Ltd. | 3,776 | 47,253 | 8.56 | 2.39 | 43,477 | 7.65 | 2.50 |
| Capitec Bank Holdings Ltd. | 292 | 2,462 | 8.55 | 2.38 | 2,170 | 7.71 | 2.52 |
| FirstRand Ltd. | 4,066 | 107,737 | 8.37 | 2.33 | 103,671 | 7.85 | 2.56 |
| Investec Ltd. | 1,690 | 26,461 | 3.39 | 0.95 | 24,771 | 3.28 | 1.07 |
| Investec plc | 1,882 | 38,595 | 4.95 | 1.38 | 36,713 | 4.85 | 1.58 |
| Nedbank Group Ltd. | 9,691 | 40,215 | 8.59 | 2.39 | 30,524 | 7.42 | 2.42 |
| Standard Bank Group Ltd. | 3,536 | 36,466 | 8.62 | 2.40 | 32,930 | 7.49 | 2.45 |
| Banks Total | 24,933 | 299,189 | 51.02 | 14.22 | 274,256 | 46.24 | 15.10 |
| Anheuser-Busch InBev SA/NV | 2,680 | 8,555 | 8.78 | 2.45 | 5,875 | 7.16 | 2.34 |
| Beverages Total | 2,680 | 8,555 | 8.78 | 2.45 | 5,875 | 7.16 | 2.34 |
| Cash on call | 0 | 0 | 1.22 | 0.34 | 0 | 2.09 | 0.68 |
| Cash on call Total | 0 | 0 | 1.22 | 0.34 | 0 | 2.09 | 0.68 |
| Sasol Ltd. | -7,195 | 70,376 | 7.56 | 2.11 | 77,571 | 6.11 | 2.00 |
| Chemicals Total | -7,195 | 70,376 | 7.56 | 2.11 | 77,571 | 6.11 | 2.00 |
| Mondi plc | 10,887 | 37,236 | 8.77 | 2.45 | 26,349 | 7.67 | 2.50 |
| The Bidvest Group Ltd. | 7,653 | 40,595 | 8.60 | 2.40 | 32,942 | 7.69 | 2.51 |
| General Industrials Total | 18,540 | 77,831 | 17.37 | 4.84 | 59,291 | 15.36 | 5.02 |
| Anglo American plc | -356 | 14,410 | 9.32 | 2.60 | 14,766 | 7.76 | 2.54 |
| BHP Group Ltd. | 1,345 | 18,603 | 8.87 | 2.47 | 17,258 | 7.37 | 2.41 |
| Glencore plc | 121,507 | 121,507 | 9.68 | 2.70 | 0 | 0.00 | 0.00 |
| Industrial Metals and Mining Total | 122,496 | 154,520 | 27.87 | 7.77 | 32,024 | 15.13 | 4.94 |
| Reinet Investments SCA | 1,062 | 16,793 | 8.48 | 2.36 | 15,731 | 9.06 | 2.96 |
| Remgro Ltd. | 624 | 49,471 | 8.30 | 2.31 | 48,847 | 7.73 | 2.52 |
| Investment Banking and Brokerage Services Total | 1,686 | 66,264 | 16.78 | 4.68 | 64,578 | 16.79 | 5.48 |
| Discovery Ltd. | 7,036 | 41,720 | 8.22 | 2.29 | 34,684 | 7.45 | 2.43 |
| Old Mutual Ltd. | 3,851 | 633,285 | 8.45 | 2.36 | 629,434 | 7.60 | 2.48 |
| Sanlam Ltd. | 14,930 | 101,273 | 8.47 | 2.36 | 86,343 | 7.66 | 2.50 |
| Life Insurance Total | 25,817 | 776,278 | 25.14 | 7.01 | 750,461 | 22.70 | 7.41 |
| OUTsurance Group Ltd. | 26,194 | 120,684 | 8.65 | 2.41 | 94,490 | 7.40 | 2.42 |
| Non-life Insurance Total | 26,194 | 120,684 | 8.65 | 2.41 | 94,490 | 7.40 | 2.42 |
| Bid Corporation Ltd. | 2,520 | 19,395 | 8.38 | 2.34 | 16,875 | 7.89 | 2.58 |
| Clicks Group Ltd. | 3,354 | 24,014 | 8.46 | 2.36 | 20,660 | 7.66 | 2.50 |
| Shoprite Holdings Ltd. | 2,529 | 30,226 | 8.28 | 2.31 | 27,697 | 7.67 | 2.51 |
| Personal Care, Drug and Grocery Stores Total | 8,403 | 73,635 | 25.13 | 7.01 | 65,232 | 23.22 | 7.58 |
| Compagnie Financière Richemont SA | 418 | 2,691 | 8.80 | 2.45 | 2,273 | 7.57 | 2.47 |
| Personal Goods Total | 418 | 2,691 | 8.80 | 2.45 | 2,273 | 7.57 | 2.47 |
| Aspen Pharmacare Holdings Ltd. | -62,754 | 0 | 0.00 | 0.00 | 62,754 | 7.50 | 2.45 |
| Pharmaceuticals and Biotechnology Total | -62,754 | 0 | 0.00 | 0.00 | 62,754 | 7.50 | 2.45 |
| AngloGold Ashanti plc | -719 | 7,631 | 9.26 | 2.58 | 8,350 | 6.69 | 2.18 |
| Gold Fields Ltd. | -3,247 | 13,342 | 9.73 | 2.71 | 16,589 | 6.90 | 2.25 |
| Harmony Gold Mining Company Ltd. | 4,974 | 33,062 | 10.41 | 2.90 | 28,088 | 6.88 | 2.25 |
| Impala Platinum Holdings Ltd. | -2,805 | 47,415 | 10.46 | 2.92 | 50,220 | 7.98 | 2.61 |
| Northam Platinum Holdings Ltd. | -5,293 | 38,620 | 10.85 | 3.03 | 43,913 | 8.42 | 2.75 |
| Sibanye Stillwater Ltd. | -16,513 | 228,267 | 11.25 | 3.14 | 244,780 | 7.90 | 2.58 |
| Valterra Platinum Ltd. | -817 | 9,018 | 11.14 | 3.11 | 9,835 | 7.77 | 2.54 |
| Precious Metals and Mining Total | -24,420 | 377,355 | 73.10 | 20.38 | 401,775 | 52.53 | 17.16 |
| NEPI Rockcastle NV | 7,364 | 63,054 | 8.72 | 2.43 | 55,690 | 7.52 | 2.45 |
| Real Estate Investment and Services Total | 7,364 | 63,054 | 8.72 | 2.43 | 55,690 | 7.52 | 2.45 |
| Growthpoint Properties Ltd. | 8,926 | 583,333 | 8.59 | 2.40 | 574,407 | 7.69 | 2.51 |
| Real Estate Investment Trusts Total | 8,926 | 583,333 | 8.59 | 2.40 | 574,407 | 7.69 | 2.51 |
| Mr Price Group Ltd. | 6,276 | 41,400 | 8.43 | 2.35 | 35,124 | 7.78 | 2.54 |
| Pepkor Holdings Ltd. | 69,217 | 345,610 | 8.40 | 2.34 | 276,393 | 7.53 | 2.46 |
| Woolworths Holdings Ltd. | 18,627 | 164,778 | 8.29 | 2.31 | 146,151 | 7.56 | 2.47 |
| Retailers Total | 94,120 | 551,788 | 25.12 | 7.00 | 457,668 | 22.87 | 7.47 |
| Naspers Ltd. | 76 | 1,486 | 9.29 | 2.59 | 1,410 | 7.78 | 2.54 |
| Prosus NV | -3 | 7,840 | 9.49 | 2.65 | 7,843 | 7.78 | 2.54 |
| Software and Computer Services Total | 73 | 9,326 | 18.79 | 5.24 | 9,253 | 15.55 | 5.08 |
| MTN Group Ltd. | 7,206 | 63,736 | 9.24 | 2.58 | 56,530 | 7.96 | 2.60 |
| Vodacom Group Ltd. | 9,898 | 65,344 | 8.71 | 2.43 | 55,446 | 7.58 | 2.48 |
| Telecommunications Service Providers Total | 17,104 | 129,080 | 17.95 | 5.00 | 111,976 | 15.54 | 5.08 |
| British American Tobacco plc | 320 | 8,890 | 8.11 | 2.26 | 8,570 | 7.21 | 2.35 |
| Tobacco Total | 320 | 8,890 | 8.11 | 2.26 | 8,570 | 7.21 | 2.35 |
| Portfolio Total | 264,705 | 3,372,849 | 358.70 | 100.00 | 3,108,144 | 306.19 | 100.00 |