| | | |
| Security | Change | # Units | Value (Rm) | % Fund | # Units | Value (Rm) | % Fund |
| Absa Group Ltd. | 7,219 | 27,312 | 6.59 | 2.80 | 20,093 | 4.81 | 2.33 |
| Capitec Bank Holdings Ltd. | 139 | 1,019 | 4.20 | 1.79 | 880 | 3.66 | 1.77 |
| FirstRand Ltd. | 2,869 | 130,460 | 11.24 | 4.78 | 127,591 | 11.58 | 5.61 |
| Investec plc | 6,785 | 26,470 | 3.42 | 1.46 | 19,685 | 2.40 | 1.17 |
| Nedbank Group Ltd. | 10,462 | 20,359 | 5.43 | 2.31 | 9,897 | 2.64 | 1.28 |
| Standard Bank Group Ltd. | 3,787 | 28,305 | 8.62 | 3.67 | 24,518 | 7.12 | 3.45 |
| Banks Total | 31,261 | 233,925 | 39.50 | 16.82 | 202,664 | 32.21 | 15.61 |
| Anheuser-Busch InBev SA/NV | 1,131 | 4,250 | 5.01 | 2.13 | 3,119 | 3.34 | 1.62 |
| Beverages Total | 1,131 | 4,250 | 5.01 | 2.13 | 3,119 | 3.34 | 1.62 |
| Cash on call | 0 | 0 | 1.35 | 0.57 | 0 | 0.78 | 0.38 |
| Cash on call Total | 0 | 0 | 1.35 | 0.57 | 0 | 0.78 | 0.38 |
| Sasol Ltd. | -9,035 | 38,308 | 8.63 | 3.68 | 47,343 | 5.03 | 2.44 |
| Chemicals Total | -9,035 | 38,308 | 8.63 | 3.68 | 47,343 | 5.03 | 2.44 |
| Satrix RAFI 40 ETF - A | 221,230 | 221,230 | 7.92 | 3.37 | 0 | 0.00 | 0.00 |
| Exchange Traded Funds Total | 221,230 | 221,230 | 7.92 | 3.37 | 0 | 0.00 | 0.00 |
| Mondi plc | 15,431 | 26,895 | 5.15 | 2.19 | 11,464 | 2.33 | 1.13 |
| The Bidvest Group Ltd. | 3,160 | 10,546 | 2.40 | 1.02 | 7,386 | 1.75 | 0.85 |
| General Industrials Total | 18,591 | 37,441 | 7.55 | 3.22 | 18,850 | 4.09 | 1.98 |
| Anglo American plc | -2,841 | 16,823 | 12.11 | 5.16 | 19,664 | 13.47 | 6.53 |
| BHP Group Ltd. | -657 | 7,652 | 4.64 | 1.97 | 8,309 | 4.21 | 2.04 |
| Glencore plc | 43,237 | 105,712 | 13.53 | 5.76 | 62,475 | 5.69 | 2.76 |
| Kumba Iron Ore Ltd. | -3,693 | 0 | 0.00 | 0.00 | 3,693 | 1.30 | 0.63 |
| Industrial Metals and Mining Total | 36,046 | 130,187 | 30.28 | 12.89 | 94,141 | 24.68 | 11.96 |
| Quilter plc | 10,872 | 52,828 | 2.08 | 0.89 | 41,956 | 1.70 | 0.82 |
| Reinet Investments SCA | 828 | 4,336 | 2.40 | 1.02 | 3,508 | 2.03 | 0.99 |
| Remgro Ltd. | 10,723 | 10,723 | 2.02 | 0.86 | 0 | 0.00 | 0.00 |
| Investment Banking and Brokerage Services Total | 22,423 | 67,887 | 6.50 | 2.77 | 45,464 | 3.74 | 1.81 |
| Discovery Ltd. | 3,899 | 14,509 | 3.60 | 1.53 | 10,610 | 2.41 | 1.17 |
| Old Mutual Ltd. | 78,699 | 222,254 | 3.07 | 1.31 | 143,555 | 2.14 | 1.04 |
| Sanlam Ltd. | 8,009 | 38,813 | 3.45 | 1.47 | 30,804 | 3.03 | 1.47 |
| Life Insurance Total | 90,607 | 275,576 | 10.12 | 4.31 | 184,969 | 7.59 | 3.68 |
| Exxaro Resources Ltd. | -8,464 | 0 | 0.00 | 0.00 | 8,464 | 1.52 | 0.73 |
| Oil, Gas and Coal Total | -8,464 | 0 | 0.00 | 0.00 | 8,464 | 1.52 | 0.73 |
| Bid Corporation Ltd. | 1,268 | 9,284 | 3.78 | 1.61 | 8,016 | 3.38 | 1.64 |
| Clicks Group Ltd. | 6,188 | 6,188 | 1.79 | 0.76 | 0 | 0.00 | 0.00 |
| Shoprite Holdings Ltd. | 3,691 | 16,169 | 4.46 | 1.90 | 12,478 | 3.37 | 1.63 |
| Personal Care, Drug and Grocery Stores Total | 11,147 | 31,641 | 10.03 | 4.27 | 20,494 | 6.75 | 3.27 |
| Compagnie Financière Richemont SA | 365 | 1,008 | 2.98 | 1.27 | 643 | 2.33 | 1.13 |
| Personal Goods Total | 365 | 1,008 | 2.98 | 1.27 | 643 | 2.33 | 1.13 |
| Aspen Pharmacare Holdings Ltd. | -11,568 | 0 | 0.00 | 0.00 | 11,568 | 1.35 | 0.65 |
| Pharmaceuticals and Biotechnology Total | -11,568 | 0 | 0.00 | 0.00 | 11,568 | 1.35 | 0.65 |
| AngloGold Ashanti plc | -1,610 | 3,525 | 5.79 | 2.46 | 5,135 | 7.36 | 3.57 |
| Gold Fields Ltd. | -5,887 | 11,896 | 9.05 | 3.85 | 17,783 | 12.91 | 6.25 |
| Harmony Gold Mining Company Ltd. | 243 | 9,063 | 2.32 | 0.99 | 8,820 | 2.97 | 1.44 |
| Impala Platinum Holdings Ltd. | -1,880 | 36,586 | 8.74 | 3.72 | 38,466 | 10.08 | 4.88 |
| Northam Platinum Holdings Ltd. | -9,486 | 7,522 | 2.56 | 1.09 | 17,008 | 5.73 | 2.78 |
| Sibanye Stillwater Ltd. | -153,351 | 186,694 | 9.53 | 4.06 | 340,045 | 20.57 | 9.97 |
| Valterra Platinum Ltd. | 6,763 | 14,367 | 20.13 | 8.57 | 7,604 | 10.72 | 5.19 |
| Precious Metals and Mining Total | -165,208 | 269,653 | 58.11 | 24.74 | 434,861 | 70.34 | 34.09 |
| NEPI Rockcastle NV | 2,289 | 14,255 | 1.94 | 0.82 | 11,966 | 1.75 | 0.85 |
| Real Estate Investment and Services Total | 2,289 | 14,255 | 1.94 | 0.82 | 11,966 | 1.75 | 0.85 |
| Mr Price Group Ltd. | 7,819 | 15,039 | 2.31 | 0.98 | 7,220 | 1.26 | 0.61 |
| Pepkor Holdings Ltd. | 67,113 | 157,560 | 3.56 | 1.52 | 90,447 | 2.39 | 1.16 |
| The Foschini Group Ltd. | 8,203 | 20,507 | 1.45 | 0.62 | 12,304 | 1.03 | 0.50 |
| Woolworths Holdings Ltd. | 10,341 | 39,094 | 1.98 | 0.84 | 28,753 | 1.61 | 0.78 |
| Retailers Total | 93,476 | 232,200 | 9.30 | 3.96 | 138,724 | 6.30 | 3.05 |
| Naspers Ltd. | 6,750 | 15,990 | 13.78 | 5.87 | 9,240 | 10.21 | 4.95 |
| Prosus NV | 1,065 | 3,583 | 2.75 | 1.17 | 2,518 | 2.58 | 1.25 |
| Software and Computer Services Total | 7,815 | 19,573 | 16.54 | 7.04 | 11,758 | 12.78 | 6.19 |
| MTN Group Ltd. | -17,768 | 46,543 | 9.10 | 3.87 | 64,311 | 10.90 | 5.28 |
| Vodacom Group Ltd. | 12,678 | 12,678 | 1.83 | 0.78 | 0 | 0.00 | 0.00 |
| Telecommunications Service Providers Total | -5,090 | 59,221 | 10.93 | 4.65 | 64,311 | 10.90 | 5.28 |
| British American Tobacco plc | -3,324 | 8,263 | 8.20 | 3.49 | 11,587 | 10.91 | 5.28 |
| Tobacco Total | -3,324 | 8,263 | 8.20 | 3.49 | 11,587 | 10.91 | 5.28 |
| Portfolio Total | 333,692 | 1,644,618 | 234.89 | 100.00 | 1,310,926 | 206.37 | 100.00 |