| | | |
| Security | Change | # Units | Value (Rm) | % Fund | # Units | Value (Rm) | % Fund |
| Absa Group Ltd. | 1,129 | 8,072 | 1.42 | 1.18 | 6,943 | 1.23 | 1.28 |
| Capitec Bank Holdings Ltd. | 127 | 840 | 2.98 | 2.49 | 713 | 2.21 | 2.31 |
| FirstRand Ltd. | 7,304 | 49,710 | 3.76 | 3.14 | 42,406 | 3.05 | 3.18 |
| Investec Ltd. | 337 | 2,406 | 0.32 | 0.27 | 2,069 | 0.24 | 0.25 |
| Investec plc | 655 | 5,980 | 0.79 | 0.66 | 5,325 | 0.61 | 0.63 |
| Nedbank Group Ltd. | 620 | 4,434 | 1.08 | 0.90 | 3,814 | 0.98 | 1.02 |
| Standard Bank Group Ltd. | 1,739 | 12,819 | 2.92 | 2.43 | 11,080 | 2.65 | 2.77 |
| Banks Total | 11,911 | 84,261 | 13.27 | 11.06 | 72,350 | 10.96 | 11.43 |
| Anheuser-Busch InBev SA/NV | 1,244 | 7,858 | 9.58 | 7.98 | 6,614 | 7.48 | 7.80 |
| Beverages Total | 1,244 | 7,858 | 9.58 | 7.98 | 6,614 | 7.48 | 7.80 |
| Cash on call | 0 | 0 | 1.48 | 1.23 | 0 | 0.83 | 0.87 |
| Cash on call Total | 0 | 0 | 1.48 | 1.23 | 0 | 0.83 | 0.87 |
| Sasol Ltd. | 845 | 5,723 | 0.45 | 0.38 | 4,878 | 0.37 | 0.39 |
| Chemicals Total | 845 | 5,723 | 0.45 | 0.38 | 4,878 | 0.37 | 0.39 |
| Tiger Brands Ltd. | 194 | 1,502 | 0.48 | 0.40 | 1,308 | 0.36 | 0.38 |
| Food Producers Total | 194 | 1,502 | 0.48 | 0.40 | 1,308 | 0.36 | 0.38 |
| Mondi plc | 599 | 4,292 | 1.25 | 1.04 | 3,693 | 1.01 | 1.05 |
| The Bidvest Group Ltd. | 461 | 3,304 | 0.77 | 0.64 | 2,843 | 0.67 | 0.70 |
| General Industrials Total | 1,060 | 7,596 | 2.02 | 1.68 | 6,536 | 1.67 | 1.75 |
| Anglo American plc | 282 | 10,443 | 5.49 | 4.58 | 10,161 | 5.19 | 5.41 |
| BHP Group Ltd. | 5,857 | 27,312 | 11.66 | 9.72 | 21,455 | 9.41 | 9.82 |
| Glencore plc | 9,568 | 103,224 | 7.18 | 5.99 | 93,656 | 6.30 | 6.57 |
| South32 Ltd. | 5,530 | 43,346 | 1.48 | 1.23 | 37,816 | 1.40 | 1.46 |
| Industrial Metals and Mining Total | 21,237 | 184,325 | 25.81 | 21.52 | 163,088 | 22.31 | 23.27 |
| Quilter plc | 1,825 | 13,056 | 0.50 | 0.41 | 11,231 | 0.39 | 0.41 |
| Reinet Investments SCA | 181 | 1,295 | 0.75 | 0.62 | 1,114 | 0.50 | 0.52 |
| Remgro Ltd. | 661 | 4,865 | 0.77 | 0.64 | 4,204 | 0.66 | 0.69 |
| Investment Banking and Brokerage Services Total | 2,667 | 19,216 | 2.01 | 1.68 | 16,549 | 1.55 | 1.62 |
| Discovery Ltd. | 772 | 5,243 | 1.13 | 0.94 | 4,471 | 0.89 | 0.93 |
| Momentum Group Ltd. | 1,562 | 12,296 | 0.42 | 0.35 | 10,734 | 0.34 | 0.35 |
| Old Mutual Ltd. | 4,170 | 40,158 | 0.48 | 0.40 | 35,988 | 0.43 | 0.45 |
| Sanlam Ltd. | 3,175 | 17,118 | 1.52 | 1.27 | 13,943 | 1.15 | 1.20 |
| Life Insurance Total | 9,679 | 74,815 | 3.55 | 2.96 | 65,136 | 2.81 | 2.93 |
| OUTsurance Group Ltd. | 1,274 | 8,342 | 0.65 | 0.54 | 7,068 | 0.49 | 0.51 |
| Non-life Insurance Total | 1,274 | 8,342 | 0.65 | 0.54 | 7,068 | 0.49 | 0.51 |
| Exxaro Resources Ltd. | 329 | 2,350 | 0.35 | 0.29 | 2,021 | 0.30 | 0.31 |
| Oil, Gas and Coal Total | 329 | 2,350 | 0.35 | 0.29 | 2,021 | 0.30 | 0.31 |
| Bid Corporation Ltd. | 489 | 3,277 | 1.53 | 1.28 | 2,788 | 1.23 | 1.28 |
| Clicks Group Ltd. | 322 | 2,316 | 0.86 | 0.72 | 1,994 | 0.68 | 0.70 |
| Shoprite Holdings Ltd. | 594 | 4,608 | 1.28 | 1.06 | 4,014 | 1.09 | 1.14 |
| Personal Care, Drug and Grocery Stores Total | 1,405 | 10,201 | 3.67 | 3.06 | 8,796 | 3.00 | 3.12 |
| Compagnie Financière Richemont SA | 781 | 3,597 | 11.98 | 9.99 | 2,816 | 8.93 | 9.31 |
| Personal Goods Total | 781 | 3,597 | 11.98 | 9.99 | 2,816 | 8.93 | 9.31 |
| Aspen Pharmacare Holdings Ltd. | 527 | 3,769 | 0.45 | 0.38 | 3,242 | 0.53 | 0.55 |
| Pharmaceuticals and Biotechnology Total | 527 | 3,769 | 0.45 | 0.38 | 3,242 | 0.53 | 0.55 |
| AngloGold Ashanti plc | 542 | 4,104 | 3.29 | 2.74 | 3,562 | 2.45 | 2.55 |
| Gold Fields Ltd. | 1,227 | 8,614 | 3.58 | 2.99 | 7,387 | 2.99 | 3.12 |
| Harmony Gold Mining Company Ltd. | 683 | 5,335 | 1.31 | 1.09 | 4,652 | 1.24 | 1.29 |
| Impala Platinum Holdings Ltd. | 894 | 7,636 | 1.21 | 1.01 | 6,742 | 0.85 | 0.89 |
| Northam Platinum Holdings Ltd. | 479 | 3,434 | 0.66 | 0.55 | 2,955 | 0.39 | 0.40 |
| Sibanye Stillwater Ltd. | 3,818 | 27,315 | 0.88 | 0.73 | 23,497 | 0.49 | 0.51 |
| Valterra Platinum Ltd. | 1,334 | 2,070 | 1.64 | 1.36 | 736 | 0.54 | 0.56 |
| Precious Metals and Mining Total | 8,977 | 58,508 | 12.56 | 10.47 | 49,531 | 8.95 | 9.33 |
| NEPI Rockcastle NV | 810 | 5,792 | 0.78 | 0.65 | 4,982 | 0.66 | 0.69 |
| Real Estate Investment and Services Total | 810 | 5,792 | 0.78 | 0.65 | 4,982 | 0.66 | 0.69 |
| Assura plc | 4,419 | 31,620 | 0.39 | 0.33 | 27,201 | 0.31 | 0.33 |
| Growthpoint Properties Ltd. | 4,582 | 32,777 | 0.44 | 0.37 | 28,195 | 0.37 | 0.38 |
| Shaftesbury Capital plc | 2,468 | 17,659 | 0.68 | 0.57 | 15,191 | 0.45 | 0.47 |
| Real Estate Investment Trusts Total | 11,469 | 82,056 | 1.52 | 1.26 | 70,587 | 1.13 | 1.18 |
| Mr Price Group Ltd. | 343 | 2,449 | 0.54 | 0.45 | 2,106 | 0.47 | 0.49 |
| Pepkor Holdings Ltd. | 3,784 | 25,842 | 0.70 | 0.59 | 22,058 | 0.56 | 0.59 |
| The Foschini Group Ltd. | 435 | 3,117 | 0.40 | 0.34 | 2,682 | 0.33 | 0.35 |
| Truworths International Ltd. | 500 | 3,573 | 0.26 | 0.21 | 3,073 | 0.22 | 0.23 |
| Woolworths Holdings Ltd. | 1,223 | 8,757 | 0.45 | 0.38 | 7,534 | 0.38 | 0.40 |
| Retailers Total | 6,285 | 43,738 | 2.36 | 1.96 | 37,453 | 1.97 | 2.05 |
| Naspers Ltd. | 63 | 863 | 4.76 | 3.97 | 800 | 3.61 | 3.77 |
| Prosus NV | 809 | 7,611 | 7.55 | 6.29 | 6,802 | 5.72 | 5.97 |
| Software and Computer Services Total | 872 | 8,474 | 12.31 | 10.26 | 7,602 | 9.34 | 9.74 |
| MTN Group Ltd. | 2,511 | 17,641 | 2.48 | 2.07 | 15,130 | 1.86 | 1.94 |
| Vodacom Group Ltd. | 810 | 5,800 | 0.79 | 0.66 | 4,990 | 0.63 | 0.65 |
| Telecommunications Service Providers Total | 3,321 | 23,441 | 3.28 | 2.73 | 20,120 | 2.49 | 2.60 |
| British American Tobacco plc | 645 | 13,563 | 11.40 | 9.51 | 12,918 | 9.75 | 10.17 |
| Tobacco Total | 645 | 13,563 | 11.40 | 9.51 | 12,918 | 9.75 | 10.17 |
| Portfolio Total | 85,532 | 649,127 | 119.95 | 100.00 | 563,595 | 95.88 | 100.00 |