| | | |
| Security | Change | # Units | Value (Rm) | % Fund | # Units | Value (Rm) | % Fund |
| Absa Group Ltd. | -66,040 | 166,996 | 29.56 | 2.38 | 233,036 | 44.22 | 3.72 |
| Capitec Bank Holdings Ltd. | 228 | 7,316 | 22.70 | 1.83 | 7,088 | 22.22 | 1.87 |
| FirstRand Ltd. | -167,721 | 1,060,408 | 76.18 | 6.14 | 1,228,129 | 93.29 | 7.85 |
| Investec plc | 55,254 | 163,599 | 18.63 | 1.50 | 108,345 | 13.73 | 1.15 |
| Nedbank Group Ltd. | -24,521 | 82,257 | 21.16 | 1.70 | 106,778 | 30.08 | 2.53 |
| Standard Bank Group Ltd. | -43,197 | 203,767 | 48.78 | 3.93 | 246,964 | 54.77 | 4.61 |
| Banks Total | -245,997 | 1,684,343 | 217.01 | 17.48 | 1,930,340 | 258.30 | 21.73 |
| Anheuser-Busch InBev SA/NV | 12,173 | 25,925 | 29.31 | 2.36 | 13,752 | 12.90 | 1.09 |
| Beverages Total | 12,173 | 25,925 | 29.31 | 2.36 | 13,752 | 12.90 | 1.09 |
| Cash on call | 0 | 0 | 11.43 | 0.92 | 0 | 8.26 | 0.69 |
| Cash on call Total | 0 | 0 | 11.43 | 0.92 | 0 | 8.26 | 0.69 |
| Sasol Ltd. | 72,895 | 393,466 | 30.10 | 2.42 | 320,571 | 26.69 | 2.25 |
| Chemicals Total | 72,895 | 393,466 | 30.10 | 2.42 | 320,571 | 26.69 | 2.25 |
| Mondi plc | -63,711 | 95,275 | 25.93 | 2.09 | 158,986 | 44.12 | 3.71 |
| The Bidvest Group Ltd. | -26,049 | 61,384 | 14.46 | 1.16 | 87,433 | 23.05 | 1.94 |
| General Industrials Total | -89,760 | 156,659 | 40.39 | 3.25 | 246,419 | 67.17 | 5.65 |
| Anglo American plc | -33,347 | 185,557 | 94.81 | 7.64 | 218,904 | 120.80 | 10.16 |
| BHP Group Ltd. | 26,879 | 69,057 | 30.30 | 2.44 | 42,178 | 19.42 | 1.63 |
| Glencore plc | 131,361 | 519,230 | 34.93 | 2.81 | 387,869 | 32.39 | 2.73 |
| Kumba Iron Ore Ltd. | 11,575 | 30,695 | 9.58 | 0.77 | 19,120 | 6.24 | 0.52 |
| Industrial Metals and Mining Total | 136,468 | 804,539 | 169.62 | 13.66 | 668,071 | 178.85 | 15.05 |
| Quilter plc | 348,696 | 348,696 | 12.19 | 0.98 | 0 | 0.00 | 0.00 |
| Reinet Investments SCA | 7,663 | 29,154 | 12.98 | 1.05 | 21,491 | 9.61 | 0.81 |
| Remgro Ltd. | -96,766 | 0 | 0.00 | 0.00 | 96,766 | 15.01 | 1.26 |
| Investment Banking and Brokerage Services Total | 259,593 | 377,850 | 25.17 | 2.03 | 118,257 | 24.62 | 2.07 |
| Discovery Ltd. | -22,619 | 88,179 | 17.59 | 1.42 | 110,798 | 21.58 | 1.82 |
| Old Mutual Ltd. | 183,163 | 1,193,082 | 14.20 | 1.14 | 1,009,919 | 12.63 | 1.06 |
| Sanlam Ltd. | -115,692 | 256,014 | 21.19 | 1.71 | 371,706 | 32.29 | 2.72 |
| Life Insurance Total | 44,852 | 1,537,275 | 52.97 | 4.27 | 1,492,423 | 66.51 | 5.60 |
| Exxaro Resources Ltd. | 11,033 | 70,345 | 10.44 | 0.84 | 59,312 | 9.37 | 0.79 |
| Oil, Gas and Coal Total | 11,033 | 70,345 | 10.44 | 0.84 | 59,312 | 9.37 | 0.79 |
| Bid Corporation Ltd. | 10,996 | 66,620 | 29.28 | 2.36 | 55,624 | 23.95 | 2.02 |
| Shoprite Holdings Ltd. | 2,929 | 103,708 | 28.28 | 2.28 | 100,779 | 29.68 | 2.50 |
| Personal Care, Drug and Grocery Stores Total | 13,925 | 170,328 | 57.56 | 4.64 | 156,403 | 53.63 | 4.51 |
| Compagnie Financière Richemont SA | 390 | 5,342 | 16.93 | 1.36 | 4,952 | 13.75 | 1.16 |
| Personal Goods Total | 390 | 5,342 | 16.93 | 1.36 | 4,952 | 13.75 | 1.16 |
| Aspen Pharmacare Holdings Ltd. | 30,795 | 96,142 | 15.74 | 1.27 | 65,347 | 10.77 | 0.91 |
| Pharmaceuticals and Biotechnology Total | 30,795 | 96,142 | 15.74 | 1.27 | 65,347 | 10.77 | 0.91 |
| AngloGold Ashanti plc | -18,724 | 42,673 | 29.31 | 2.36 | 61,397 | 25.85 | 2.17 |
| Gold Fields Ltd. | 39,057 | 147,796 | 59.92 | 4.83 | 108,739 | 26.87 | 2.26 |
| Harmony Gold Mining Company Ltd. | 73,301 | 73,301 | 19.53 | 1.57 | 0 | 0.00 | 0.00 |
| Impala Platinum Holdings Ltd. | -176,148 | 319,687 | 40.25 | 3.24 | 495,835 | 43.51 | 3.66 |
| Northam Platinum Holdings Ltd. | 27,604 | 141,351 | 18.51 | 1.49 | 113,747 | 11.08 | 0.93 |
| Sibanye Stillwater Ltd. | 843,664 | 3,291,958 | 68.57 | 5.52 | 2,448,294 | 36.68 | 3.09 |
| Valterra Platinum Ltd. | 14,653 | 44,213 | 32.47 | 2.62 | 29,560 | 16.82 | 1.41 |
| Precious Metals and Mining Total | 803,407 | 4,060,979 | 268.56 | 21.63 | 3,257,572 | 160.80 | 13.53 |
| NEPI Rockcastle NV | -777 | 99,449 | 13.18 | 1.06 | 100,226 | 13.83 | 1.16 |
| Real Estate Investment and Services Total | -777 | 99,449 | 13.18 | 1.06 | 100,226 | 13.83 | 1.16 |
| Growthpoint Properties Ltd. | -1,657,547 | 0 | 0.00 | 0.00 | 1,657,547 | 21.10 | 1.78 |
| Real Estate Investment Trusts Total | -1,657,547 | 0 | 0.00 | 0.00 | 1,657,547 | 21.10 | 1.78 |
| Mr Price Group Ltd. | 60,006 | 60,006 | 13.30 | 1.07 | 0 | 0.00 | 0.00 |
| Pepkor Holdings Ltd. | 154,226 | 751,699 | 19.19 | 1.55 | 597,473 | 17.30 | 1.46 |
| The Foschini Group Ltd. | -1,750 | 102,256 | 12.71 | 1.02 | 104,006 | 17.47 | 1.47 |
| Woolworths Holdings Ltd. | 8,873 | 238,967 | 12.19 | 0.98 | 230,094 | 14.35 | 1.21 |
| Retailers Total | 221,355 | 1,152,928 | 57.39 | 4.62 | 931,573 | 49.12 | 4.13 |
| Naspers Ltd. | -3,188 | 15,358 | 69.39 | 5.59 | 18,546 | 77.40 | 6.51 |
| Prosus NV | 923 | 20,926 | 17.61 | 1.42 | 20,003 | 14.98 | 1.26 |
| Software and Computer Services Total | -2,265 | 36,284 | 87.00 | 7.01 | 38,549 | 92.38 | 7.77 |
| MTN Group Ltd. | 66,452 | 534,483 | 65.86 | 5.31 | 468,031 | 43.05 | 3.62 |
| Vodacom Group Ltd. | -112,271 | 0 | 0.00 | 0.00 | 112,271 | 11.38 | 0.96 |
| Telecommunications Service Providers Total | -45,819 | 534,483 | 65.86 | 5.31 | 580,302 | 54.43 | 4.58 |
| British American Tobacco plc | -1,439 | 96,303 | 72.67 | 5.85 | 97,742 | 66.13 | 5.56 |
| Tobacco Total | -1,439 | 96,303 | 72.67 | 5.85 | 97,742 | 66.13 | 5.56 |
| Portfolio Total | -436,718 | 11,302,640 | 1,241.34 | 100.00 | 11,739,358 | 1,188.61 | 100.00 |