| | | |
| Security | Change | # Units | Value (Rm) | % Fund | # Units | Value (Rm) | % Fund |
| Montauk Renewables Inc. | 2,823 | 18,737 | 0.75 | 0.03 | 15,914 | 0.62 | 0.03 |
| Alternative Energy Total | 2,823 | 18,737 | 0.75 | 0.03 | 15,914 | 0.62 | 0.03 |
| Absa Group Ltd. | 11,856 | 294,174 | 51.77 | 2.07 | 282,318 | 49.97 | 2.13 |
| Capitec Bank Holdings Ltd. | 1,773 | 30,802 | 109.38 | 4.37 | 29,029 | 90.07 | 3.84 |
| FirstRand Ltd. | 96,483 | 1,820,666 | 137.81 | 5.51 | 1,724,183 | 123.87 | 5.28 |
| Investec Ltd. | 4,946 | 85,866 | 11.36 | 0.45 | 80,920 | 9.22 | 0.39 |
| Investec plc | 3,868 | 130,867 | 17.30 | 0.69 | 126,999 | 14.47 | 0.62 |
| Nedbank Group Ltd. | 7,157 | 161,857 | 39.34 | 1.57 | 154,700 | 39.80 | 1.70 |
| Standard Bank Group Ltd. | 18,911 | 469,212 | 106.76 | 4.27 | 450,301 | 107.81 | 4.60 |
| Banks Total | 144,994 | 2,993,444 | 473.71 | 18.94 | 2,848,450 | 435.19 | 18.56 |
| Anheuser-Busch InBev SA/NV | 3,829 | 33,382 | 40.68 | 1.63 | 29,553 | 33.41 | 1.43 |
| Beverages Total | 3,829 | 33,382 | 40.68 | 1.63 | 29,553 | 33.41 | 1.43 |
| Cash on call | 0 | 0 | 7.04 | 0.28 | 0 | 138.04 | 5.89 |
| Margin Account | 0 | 0 | 1.91 | 0.08 | 0 | 1.20 | 0.05 |
| Cash on call Total | 0 | 0 | 8.95 | 0.36 | 0 | 139.25 | 5.94 |
| AECI Ltd. | 2,706 | 38,903 | 4.12 | 0.16 | 36,197 | 3.52 | 0.15 |
| Omnia Holdings Ltd. | 4,602 | 60,700 | 4.83 | 0.19 | 56,098 | 3.77 | 0.16 |
| Sasol Ltd. | 10,683 | 209,207 | 16.48 | 0.66 | 198,524 | 15.19 | 0.65 |
| Chemicals Total | 17,991 | 308,810 | 25.43 | 1.02 | 290,819 | 22.48 | 0.96 |
| PPC Ltd. | -3,930 | 468,913 | 2.42 | 0.10 | 472,843 | 2.18 | 0.09 |
| Raubex Group Ltd. | 3,091 | 67,517 | 3.00 | 0.12 | 64,426 | 2.84 | 0.12 |
| Wilson Bayly Holmes - Ovcon Ltd. | 1,465 | 19,805 | 3.66 | 0.15 | 18,340 | 3.31 | 0.14 |
| Construction and Materials Total | 626 | 556,235 | 9.09 | 0.36 | 555,609 | 8.33 | 0.36 |
| ADvTECH Ltd. | -686 | 168,851 | 5.52 | 0.22 | 169,537 | 5.58 | 0.24 |
| Curro Holdings Ltd. | 21,036 | 183,729 | 1.66 | 0.07 | 162,693 | 1.37 | 0.06 |
| Consumer Services Total | 20,350 | 352,580 | 7.18 | 0.29 | 332,230 | 6.95 | 0.30 |
| Equity Derivative | 0 | 0 | 23.31 | 0.93 | 0 | 14.64 | 0.62 |
| Derivatives Total | 0 | 0 | 23.31 | 0.93 | 0 | 14.64 | 0.62 |
| Reunert Ltd. | 2,479 | 54,137 | 3.11 | 0.12 | 51,658 | 3.13 | 0.13 |
| Electronic and Electrical Equipment Total | 2,479 | 54,137 | 3.11 | 0.12 | 51,658 | 3.13 | 0.13 |
| Astral Foods Ltd. | 1,939 | 15,191 | 2.70 | 0.11 | 13,252 | 2.16 | 0.09 |
| AVI Ltd. | 7,957 | 121,368 | 11.42 | 0.46 | 113,411 | 10.06 | 0.43 |
| Oceana Group Ltd. | 3,590 | 33,030 | 1.73 | 0.07 | 29,440 | 1.71 | 0.07 |
| Tiger Brands Ltd. | 1,502 | 55,858 | 17.81 | 0.71 | 54,356 | 15.10 | 0.64 |
| Food Producers Total | 14,988 | 225,447 | 33.66 | 1.35 | 210,459 | 29.03 | 1.24 |
| Barloworld Ltd. | -12,885 | 50,816 | 5.74 | 0.23 | 63,701 | 6.73 | 0.29 |
| KAP Ltd. | 149,590 | 1,062,088 | 2.18 | 0.09 | 912,498 | 2.31 | 0.10 |
| Mondi plc | 2,040 | 66,551 | 19.37 | 0.77 | 64,511 | 17.56 | 0.75 |
| The Bidvest Group Ltd. | 4,800 | 119,101 | 27.81 | 1.11 | 114,301 | 26.92 | 1.15 |
| General Industrials Total | 143,545 | 1,298,556 | 55.10 | 2.20 | 1,155,011 | 53.52 | 2.28 |
| Life Healthcare Group Holdings Ltd. | 18,985 | 495,276 | 7.07 | 0.28 | 476,291 | 6.59 | 0.28 |
| Netcare Ltd. | 11,217 | 484,618 | 6.76 | 0.27 | 473,401 | 6.23 | 0.27 |
| Health Care Providers Total | 30,202 | 979,894 | 13.83 | 0.55 | 949,692 | 12.82 | 0.55 |
| Sappi Ltd. | 13,843 | 217,220 | 6.46 | 0.26 | 203,377 | 7.36 | 0.31 |
| Industrial Materials Total | 13,843 | 217,220 | 6.46 | 0.26 | 203,377 | 7.36 | 0.31 |
| African Rainbow Minerals Ltd. | 756 | 36,572 | 6.29 | 0.25 | 35,816 | 5.23 | 0.22 |
| Afrimat Ltd. | -2,881 | 46,675 | 2.05 | 0.08 | 49,556 | 2.88 | 0.12 |
| Anglo American plc | -13,342 | 115,587 | 60.76 | 2.43 | 128,929 | 65.88 | 2.81 |
| BHP Group Ltd. | 888 | 57,485 | 24.54 | 0.98 | 56,597 | 24.83 | 1.06 |
| Glencore plc | 43,980 | 235,919 | 16.41 | 0.66 | 191,939 | 12.91 | 0.55 |
| Kumba Iron Ore Ltd. | 741 | 19,346 | 5.51 | 0.22 | 18,605 | 5.81 | 0.25 |
| South32 Ltd. | 9,474 | 113,878 | 3.89 | 0.16 | 104,404 | 3.87 | 0.17 |
| Industrial Metals and Mining Total | 39,616 | 625,462 | 119.45 | 4.78 | 585,846 | 121.40 | 5.18 |
| Hudaco Industries Ltd. | 430 | 11,231 | 2.22 | 0.09 | 10,801 | 2.03 | 0.09 |
| Industrial Support Services Total | 430 | 11,231 | 2.22 | 0.09 | 10,801 | 2.03 | 0.09 |
| Grindrod Ltd. | 21,278 | 218,343 | 2.72 | 0.11 | 197,065 | 2.40 | 0.10 |
| Super Group Ltd. | 2,658 | 118,699 | 1.88 | 0.08 | 116,041 | 3.25 | 0.14 |
| Industrial Transportation Total | 23,936 | 337,042 | 4.60 | 0.18 | 313,106 | 5.65 | 0.24 |
| Alexander Forbes Group Holdings Ltd. | 0 | 84,588 | 0.76 | 0.03 | 84,588 | 0.65 | 0.03 |
| Coronation Fund Managers Ltd. | 8,034 | 103,828 | 4.10 | 0.16 | 95,794 | 3.73 | 0.16 |
| Hosken Consolidated Investments Ltd. | 2,027 | 16,390 | 2.09 | 0.08 | 14,363 | 1.94 | 0.08 |
| JSE Ltd. | 277 | 30,165 | 4.02 | 0.16 | 29,888 | 3.70 | 0.16 |
| Ninety One Ltd. | -163 | 75,649 | 3.28 | 0.13 | 75,812 | 2.64 | 0.11 |
| Ninety One plc | 6,246 | 64,944 | 2.90 | 0.12 | 58,698 | 2.04 | 0.09 |
| PSG Financial Services Ltd. | 13,914 | 362,980 | 8.03 | 0.32 | 349,066 | 6.30 | 0.27 |
| Quilter plc | 3,213 | 281,795 | 10.71 | 0.43 | 278,582 | 9.74 | 0.42 |
| Reinet Investments SCA | 1,895 | 47,033 | 27.10 | 1.08 | 45,138 | 20.10 | 0.86 |
| Remgro Ltd. | 7,130 | 176,907 | 27.99 | 1.12 | 169,777 | 26.79 | 1.14 |
| Investment Banking and Brokerage Services Total | 42,573 | 1,244,279 | 90.98 | 3.64 | 1,201,706 | 77.62 | 3.31 |
| Discovery Ltd. | 9,280 | 190,856 | 41.00 | 1.64 | 181,576 | 36.22 | 1.55 |
| Momentum Group Ltd. | 14,390 | 459,675 | 15.76 | 0.63 | 445,285 | 13.90 | 0.59 |
| Old Mutual Ltd. | 17,453 | 1,438,086 | 17.36 | 0.69 | 1,420,633 | 16.91 | 0.72 |
| Sanlam Ltd. | 62,941 | 626,928 | 55.59 | 2.22 | 563,987 | 46.67 | 1.99 |
| Life Insurance Total | 104,064 | 2,715,545 | 129.71 | 5.19 | 2,611,481 | 113.70 | 4.85 |
| OUTsurance Group Ltd. | 12,327 | 305,840 | 23.96 | 0.96 | 293,513 | 20.46 | 0.87 |
| Santam Ltd. | -91 | 14,744 | 6.31 | 0.25 | 14,835 | 5.54 | 0.24 |
| Non-life Insurance Total | 12,236 | 320,584 | 30.27 | 1.21 | 308,348 | 25.99 | 1.11 |
| Exxaro Resources Ltd. | 5,128 | 86,566 | 12.72 | 0.51 | 81,438 | 12.08 | 0.52 |
| Thungela Resources Ltd. | 926 | 41,373 | 3.51 | 0.14 | 40,447 | 4.08 | 0.17 |
| Oil, Gas and Coal Total | 6,054 | 127,939 | 16.23 | 0.65 | 121,885 | 16.16 | 0.69 |
| Bid Corporation Ltd. | 6,312 | 119,741 | 55.97 | 2.24 | 113,429 | 49.85 | 2.13 |
| Boxer Retail Ltd. | 2,688 | 58,714 | 4.07 | 0.16 | 56,026 | 3.93 | 0.17 |
| Clicks Group Ltd. | 3,404 | 84,457 | 31.33 | 1.25 | 81,053 | 27.46 | 1.17 |
| Dis-Chem Pharmacies Ltd. | 6,845 | 178,584 | 5.77 | 0.23 | 171,739 | 5.20 | 0.22 |
| Pick n Pay Stores Ltd. | 12,942 | 196,278 | 5.26 | 0.21 | 183,336 | 5.03 | 0.21 |
| Shoprite Holdings Ltd. | 5,931 | 170,215 | 47.14 | 1.89 | 164,284 | 44.80 | 1.91 |
| The SPAR Group Ltd. | 1,708 | 69,387 | 7.48 | 0.30 | 67,679 | 8.00 | 0.34 |
| Personal Care, Drug and Grocery Stores Total | 39,830 | 877,376 | 157.02 | 6.28 | 837,546 | 144.27 | 6.15 |
| Compagnie Financière Richemont SA | 81 | 17,273 | 57.54 | 2.30 | 17,192 | 54.50 | 2.32 |
| Personal Goods Total | 81 | 17,273 | 57.54 | 2.30 | 17,192 | 54.50 | 2.32 |
| Adcock Ingram Holdings Ltd. | -1,618 | 18,694 | 0.94 | 0.04 | 20,312 | 0.98 | 0.04 |
| Aspen Pharmacare Holdings Ltd. | 8,355 | 140,864 | 16.83 | 0.67 | 132,509 | 21.70 | 0.93 |
| Pharmaceuticals and Biotechnology Total | 6,737 | 159,558 | 17.77 | 0.71 | 152,821 | 22.68 | 0.97 |
| AngloGold Ashanti plc | 9,406 | 126,585 | 101.38 | 4.05 | 117,179 | 80.48 | 3.43 |
| DRDGOLD Ltd. | 6,055 | 157,961 | 3.75 | 0.15 | 151,906 | 4.31 | 0.18 |
| Gold Fields Ltd. | 15,010 | 315,053 | 130.99 | 5.24 | 300,043 | 121.64 | 5.19 |
| Harmony Gold Mining Company Ltd. | 5,862 | 195,973 | 47.98 | 1.92 | 190,111 | 50.66 | 2.16 |
| Impala Platinum Holdings Ltd. | 5,279 | 279,487 | 44.42 | 1.78 | 274,208 | 34.53 | 1.47 |
| Northam Platinum Holdings Ltd. | 6,266 | 125,692 | 24.10 | 0.96 | 119,426 | 15.64 | 0.67 |
| Pan African Resources plc | 22,429 | 585,129 | 6.49 | 0.26 | 562,700 | 5.77 | 0.25 |
| Sibanye Stillwater Ltd. | 49,934 | 1,000,412 | 32.27 | 1.29 | 950,478 | 19.80 | 0.84 |
| Valterra Platinum Ltd. | 14,723 | 45,102 | 35.64 | 1.43 | 30,379 | 22.31 | 0.95 |
| Precious Metals and Mining Total | 134,964 | 2,831,394 | 427.02 | 17.08 | 2,696,430 | 355.15 | 15.15 |
| Fortress Real Estate Investments Ltd. | 40,709 | 461,041 | 9.26 | 0.37 | 420,332 | 7.93 | 0.34 |
| Lighthouse Properties plc | 9,052 | 404,145 | 3.29 | 0.13 | 395,093 | 3.14 | 0.13 |
| MAS plc | 3,837 | 171,290 | 4.16 | 0.17 | 167,453 | 3.02 | 0.13 |
| NEPI Rockcastle NV | 9,312 | 209,185 | 28.23 | 1.13 | 199,873 | 26.49 | 1.13 |
| Real Estate Investment and Services Total | 62,910 | 1,245,661 | 44.93 | 1.80 | 1,182,751 | 40.57 | 1.73 |
| Attacq Ltd. | 3,148 | 283,478 | 3.99 | 0.16 | 280,330 | 3.64 | 0.16 |
| Burstone Group Ltd. | 24,180 | 224,666 | 1.82 | 0.07 | 200,486 | 1.66 | 0.07 |
| Emira Property Fund Ltd. | 0 | 79,153 | 0.87 | 0.03 | 79,153 | 0.82 | 0.04 |
| Equites Property Fund Ltd. | 22,038 | 305,183 | 4.61 | 0.18 | 283,145 | 3.98 | 0.17 |
| Fairvest Ltd. | 29,733 | 649,395 | 3.39 | 0.14 | 619,662 | 2.91 | 0.12 |
| Growthpoint Properties Ltd. | 38,284 | 1,175,304 | 15.74 | 0.63 | 1,137,020 | 14.72 | 0.63 |
| Hammerson plc | 1,804 | 39,417 | 2.93 | 0.12 | 37,613 | 2.20 | 0.09 |
| Hyprop Investments Ltd. | 10,789 | 141,461 | 6.05 | 0.24 | 130,672 | 5.45 | 0.23 |
| Redefine Properties Ltd. | 114,782 | 2,506,931 | 11.48 | 0.46 | 2,392,149 | 10.00 | 0.43 |
| Resilient REIT Ltd. | 827 | 107,054 | 6.46 | 0.26 | 106,227 | 6.04 | 0.26 |
| SA Corporate Real Estate Ltd. | 77,233 | 988,426 | 3.08 | 0.12 | 911,193 | 2.43 | 0.10 |
| Shaftesbury Capital plc | 15,021 | 59,223 | 2.30 | 0.09 | 44,202 | 1.31 | 0.06 |
| Sirius Real Estate Ltd. | 25,127 | 176,460 | 4.18 | 0.17 | 151,333 | 3.06 | 0.13 |
| Stor-Age Property REIT Ltd. | -2,367 | 151,294 | 2.41 | 0.10 | 153,661 | 2.24 | 0.10 |
| Vukile Property Fund Ltd. | 34,086 | 455,051 | 8.93 | 0.36 | 420,965 | 7.35 | 0.31 |
| Real Estate Investment Trusts Total | 394,685 | 7,342,496 | 78.24 | 3.13 | 6,947,811 | 67.81 | 2.89 |
| Cashbuild Ltd. | 1,157 | 8,465 | 1.30 | 0.05 | 7,308 | 1.10 | 0.05 |
| Italtile Ltd. | 19,964 | 171,370 | 1.71 | 0.07 | 151,406 | 1.55 | 0.07 |
| Motus Holdings Ltd. | 587 | 54,692 | 5.15 | 0.21 | 54,105 | 4.71 | 0.20 |
| Mr Price Group Ltd. | 5,901 | 90,708 | 20.09 | 0.80 | 84,807 | 18.79 | 0.80 |
| Pepkor Holdings Ltd. | 50,151 | 942,144 | 25.65 | 1.03 | 891,993 | 22.77 | 0.97 |
| The Foschini Group Ltd. | 6,689 | 116,073 | 14.96 | 0.60 | 109,384 | 13.60 | 0.58 |
| Truworths International Ltd. | 7,718 | 132,702 | 9.48 | 0.38 | 124,984 | 8.99 | 0.38 |
| We Buy Cars Holdings Ltd. | 5,714 | 84,563 | 5.07 | 0.20 | 78,849 | 3.32 | 0.14 |
| Woolworths Holdings Ltd. | 17,134 | 314,534 | 16.28 | 0.65 | 297,400 | 15.17 | 0.65 |
| Retailers Total | 115,015 | 1,915,251 | 99.69 | 3.99 | 1,800,236 | 90.02 | 3.84 |
| Altron Ltd. | 9,497 | 94,529 | 2.09 | 0.08 | 85,032 | 1.76 | 0.08 |
| Bytes Technology Group plc | 3,625 | 25,116 | 3.16 | 0.13 | 21,491 | 2.48 | 0.11 |
| Datatec Ltd. | -1,329 | 74,790 | 4.88 | 0.20 | 76,119 | 4.23 | 0.18 |
| Naspers Ltd. | 279 | 41,797 | 230.53 | 9.22 | 41,518 | 187.58 | 8.00 |
| Prosus NV | -215 | 74,898 | 74.27 | 2.97 | 75,113 | 63.22 | 2.70 |
| Software and Computer Services Total | 11,857 | 311,130 | 314.93 | 12.59 | 299,273 | 259.26 | 11.06 |
| Blu Label Unlimited Group Ltd. | 16,573 | 190,655 | 2.73 | 0.11 | 174,082 | 1.32 | 0.06 |
| MTN Group Ltd. | 29,465 | 644,972 | 90.84 | 3.63 | 615,507 | 75.85 | 3.24 |
| MultiChoice Group Ltd. | 918 | 76,803 | 9.02 | 0.36 | 75,885 | 8.33 | 0.36 |
| Telkom SA SOC Ltd. | 3,876 | 101,131 | 5.46 | 0.22 | 97,255 | 3.61 | 0.15 |
| Vodacom Group Ltd. | 9,527 | 214,634 | 29.34 | 1.17 | 205,107 | 25.73 | 1.10 |
| Telecommunications Service Providers Total | 60,359 | 1,228,195 | 137.38 | 5.49 | 1,167,836 | 114.84 | 4.90 |
| British American Tobacco plc | -2,356 | 74,314 | 62.48 | 2.50 | 76,670 | 57.86 | 2.47 |
| Tobacco Total | -2,356 | 74,314 | 62.48 | 2.50 | 76,670 | 57.86 | 2.47 |
| Famous Brands Ltd. | 1,123 | 29,304 | 1.84 | 0.07 | 28,181 | 1.63 | 0.07 |
| Southern Sun Ltd. | 13,783 | 301,039 | 2.66 | 0.11 | 287,256 | 2.38 | 0.10 |
| Sun International Ltd. | -417 | 62,302 | 2.72 | 0.11 | 62,719 | 2.60 | 0.11 |
| Tsogo Sun Ltd. | 23,922 | 196,076 | 1.50 | 0.06 | 172,154 | 1.42 | 0.06 |
| Travel and Leisure Total | 38,411 | 588,721 | 8.72 | 0.35 | 550,310 | 8.04 | 0.34 |
| Portfolio Total | 1,487,072 | 29,011,893 | 2,500.45 | 100.00 | 27,524,821 | 2,344.26 | 100.00 |