| | | |
| Security | Change | # Units | Value (Rm) | % Fund | # Units | Value (Rm) | % Fund |
| Absa Group Ltd. | 2,655 | 27,448 | 6.62 | 5.75 | 24,793 | 5.93 | 5.65 |
| FirstRand Ltd. | 10,478 | 33,885 | 2.92 | 2.54 | 23,407 | 2.12 | 2.02 |
| Investec Ltd. | 1,632 | 16,875 | 2.15 | 1.87 | 15,243 | 1.86 | 1.77 |
| Investec plc | 8,722 | 16,109 | 2.08 | 1.81 | 7,387 | 0.90 | 0.86 |
| Nedbank Group Ltd. | -13,045 | 14,124 | 3.77 | 3.27 | 27,169 | 7.23 | 6.89 |
| Standard Bank Group Ltd. | 7,175 | 29,263 | 8.91 | 7.74 | 22,088 | 6.41 | 6.11 |
| Banks Total | 17,617 | 137,704 | 26.45 | 22.98 | 120,087 | 24.47 | 23.32 |
| Anheuser-Busch InBev SA/NV | 461 | 461 | 0.54 | 0.47 | 0 | 0.00 | 0.00 |
| Beverages Total | 461 | 461 | 0.54 | 0.47 | 0 | 0.00 | 0.00 |
| Cash on call | 0 | 0 | 1.19 | 1.04 | 0 | 1.15 | 1.09 |
| Cash on call Total | 0 | 0 | 1.19 | 1.04 | 0 | 1.15 | 1.09 |
| Sasol Ltd. | -17,138 | 4,790 | 1.08 | 0.94 | 21,928 | 2.33 | 2.22 |
| Chemicals Total | -17,138 | 4,790 | 1.08 | 0.94 | 21,928 | 2.33 | 2.22 |
| Tiger Brands Ltd. | 735 | 3,656 | 1.09 | 0.95 | 2,921 | 1.07 | 1.02 |
| Food Producers Total | 735 | 3,656 | 1.09 | 0.95 | 2,921 | 1.07 | 1.02 |
| Mondi plc | 25,709 | 25,709 | 4.93 | 4.28 | 0 | 0.00 | 0.00 |
| General Industrials Total | 25,709 | 25,709 | 4.93 | 4.28 | 0 | 0.00 | 0.00 |
| Life Healthcare Group Holdings Ltd. | -110,543 | 0 | 0.00 | 0.00 | 110,543 | 1.26 | 1.20 |
| Health Care Providers Total | -110,543 | 0 | 0.00 | 0.00 | 110,543 | 1.26 | 1.20 |
| BHP Group Ltd. | 993 | 8,417 | 5.10 | 4.43 | 7,424 | 3.76 | 3.59 |
| Kumba Iron Ore Ltd. | 1,241 | 12,828 | 4.10 | 3.56 | 11,587 | 4.07 | 3.88 |
| Industrial Metals and Mining Total | 2,234 | 21,245 | 9.20 | 7.99 | 19,011 | 7.83 | 7.46 |
| Reinet Investments SCA | -9,109 | 1,451 | 0.80 | 0.70 | 10,560 | 6.12 | 5.84 |
| Remgro Ltd. | 19,293 | 30,275 | 5.71 | 4.96 | 10,982 | 1.99 | 1.90 |
| Investment Banking and Brokerage Services Total | 10,184 | 31,726 | 6.51 | 5.66 | 21,542 | 8.12 | 7.74 |
| Momentum Group Ltd. | 5,355 | 55,358 | 1.99 | 1.73 | 50,003 | 1.91 | 1.82 |
| Old Mutual Ltd. | 7,144 | 73,870 | 1.02 | 0.89 | 66,726 | 0.99 | 0.95 |
| Sanlam Ltd. | 1,228 | 12,686 | 1.13 | 0.98 | 11,458 | 1.13 | 1.08 |
| Life Insurance Total | 13,727 | 141,914 | 4.14 | 3.60 | 128,187 | 4.03 | 3.84 |
| Exxaro Resources Ltd. | 1,253 | 21,879 | 4.91 | 4.27 | 20,626 | 3.69 | 3.52 |
| Oil, Gas and Coal Total | 1,253 | 21,879 | 4.91 | 4.27 | 20,626 | 3.69 | 3.52 |
| Boxer Retail Ltd. | -27,724 | 0 | 0.00 | 0.00 | 27,724 | 1.98 | 1.88 |
| The SPAR Group Ltd. | -37,623 | 0 | 0.00 | 0.00 | 37,623 | 3.59 | 3.42 |
| Personal Care, Drug and Grocery Stores Total | -65,347 | 0 | 0.00 | 0.00 | 65,347 | 5.57 | 5.31 |
| AngloGold Ashanti plc | 260 | 2,680 | 4.40 | 3.82 | 2,420 | 3.47 | 3.30 |
| DRDGOLD Ltd. | 21,532 | 21,532 | 1.06 | 0.92 | 0 | 0.00 | 0.00 |
| Gold Fields Ltd. | 5,110 | 14,738 | 11.21 | 9.74 | 9,628 | 6.99 | 6.66 |
| Harmony Gold Mining Company Ltd. | -2,877 | 18,335 | 4.69 | 4.08 | 21,212 | 7.15 | 6.81 |
| Sibanye Stillwater Ltd. | 14,397 | 148,858 | 7.60 | 6.60 | 134,461 | 8.13 | 7.75 |
| Valterra Platinum Ltd. | 253 | 253 | 0.35 | 0.31 | 0 | 0.00 | 0.00 |
| Precious Metals and Mining Total | 38,675 | 206,396 | 29.32 | 25.47 | 167,721 | 25.74 | 24.52 |
| Mr Price Group Ltd. | 15,111 | 15,111 | 2.32 | 2.01 | 0 | 0.00 | 0.00 |
| The Foschini Group Ltd. | 43,049 | 43,049 | 3.04 | 2.64 | 0 | 0.00 | 0.00 |
| Truworths International Ltd. | 8,205 | 84,837 | 4.38 | 3.81 | 76,632 | 4.36 | 4.16 |
| Retailers Total | 66,365 | 142,997 | 9.74 | 8.46 | 76,632 | 4.36 | 4.16 |
| Naspers Ltd. | 1,286 | 5,465 | 4.71 | 4.09 | 4,179 | 4.62 | 4.40 |
| Prosus NV | 283 | 1,707 | 1.31 | 1.14 | 1,424 | 1.46 | 1.39 |
| Software and Computer Services Total | 1,569 | 7,172 | 6.02 | 5.23 | 5,603 | 6.07 | 5.79 |
| MTN Group Ltd. | 2,721 | 28,126 | 5.50 | 4.78 | 25,405 | 4.31 | 4.10 |
| Vodacom Group Ltd. | 855 | 8,836 | 1.28 | 1.11 | 7,981 | 1.13 | 1.07 |
| Telecommunications Service Providers Total | 3,576 | 36,962 | 6.77 | 5.88 | 33,386 | 5.43 | 5.18 |
| British American Tobacco plc | -826 | 3,232 | 3.21 | 2.79 | 4,058 | 3.82 | 3.64 |
| Tobacco Total | -826 | 3,232 | 3.21 | 2.79 | 4,058 | 3.82 | 3.64 |
| Portfolio Total | -11,749 | 785,843 | 115.11 | 100.00 | 797,592 | 104.96 | 100.00 |