| | | |
| Security | Change | # Units | Value (Rm) | % Fund | # Units | Value (Rm) | % Fund |
| Absa Group Ltd. | 6,455 | 120,056 | 28.96 | 2.72 | 113,601 | 27.19 | 2.64 |
| Capitec Bank Holdings Ltd. | 859 | 12,650 | 52.15 | 4.89 | 11,791 | 49.00 | 4.75 |
| FirstRand Ltd. | 39,446 | 737,533 | 63.53 | 5.96 | 698,087 | 63.35 | 6.14 |
| Investec Ltd. | 2,218 | 35,636 | 4.55 | 0.43 | 33,418 | 4.08 | 0.40 |
| Investec plc | 1,661 | 49,000 | 6.34 | 0.59 | 47,339 | 5.78 | 0.56 |
| Nedbank Group Ltd. | 2,030 | 64,448 | 17.19 | 1.61 | 62,418 | 16.62 | 1.61 |
| Standard Bank Group Ltd. | 10,178 | 190,195 | 57.90 | 5.43 | 180,017 | 52.28 | 5.07 |
| Banks Total | 62,847 | 1,209,518 | 230.61 | 21.64 | 1,146,671 | 218.31 | 21.16 |
| Anheuser-Busch InBev SA/NV | 666 | 13,501 | 15.91 | 1.49 | 12,835 | 13.74 | 1.33 |
| Beverages Total | 666 | 13,501 | 15.91 | 1.49 | 12,835 | 13.74 | 1.33 |
| Cash on call | 0 | 0 | 11.62 | 1.09 | 0 | 13.25 | 1.28 |
| Cash on call Total | 0 | 0 | 11.62 | 1.09 | 0 | 13.25 | 1.28 |
| Sasol Ltd. | 4,593 | 84,964 | 19.15 | 1.80 | 80,371 | 8.54 | 0.83 |
| Chemicals Total | 4,593 | 84,964 | 19.15 | 1.80 | 80,371 | 8.54 | 0.83 |
| Mondi plc | -25,516 | 0 | 0.00 | 0.00 | 25,516 | 5.20 | 0.50 |
| The Bidvest Group Ltd. | 2,415 | 48,978 | 11.14 | 1.05 | 46,563 | 11.06 | 1.07 |
| General Industrials Total | -23,101 | 48,978 | 11.14 | 1.05 | 72,079 | 16.25 | 1.58 |
| Anglo American plc | 2,324 | 42,766 | 30.79 | 2.89 | 40,442 | 27.71 | 2.69 |
| BHP Group Ltd. | -493 | 19,201 | 11.64 | 1.09 | 19,694 | 9.99 | 0.97 |
| Glencore plc | 16,709 | 152,258 | 19.49 | 1.83 | 135,549 | 12.36 | 1.20 |
| Industrial Metals and Mining Total | 18,540 | 214,225 | 61.91 | 5.81 | 195,685 | 50.05 | 4.85 |
| Reinet Investments SCA | 946 | 19,189 | 10.61 | 1.00 | 18,243 | 10.58 | 1.03 |
| Remgro Ltd. | 3,543 | 71,867 | 13.55 | 1.27 | 68,324 | 12.41 | 1.20 |
| Investment Banking and Brokerage Services Total | 4,489 | 91,056 | 24.16 | 2.27 | 86,567 | 22.99 | 2.23 |
| Discovery Ltd. | 4,202 | 77,827 | 19.32 | 1.81 | 73,625 | 16.76 | 1.62 |
| Old Mutual Ltd. | 23,174 | 587,119 | 8.10 | 0.76 | 563,945 | 8.40 | 0.81 |
| Sanlam Ltd. | 13,696 | 254,090 | 22.61 | 2.12 | 240,394 | 23.68 | 2.29 |
| Life Insurance Total | 41,072 | 919,036 | 50.04 | 4.70 | 877,964 | 48.83 | 4.73 |
| OUTsurance Group Ltd. | 6,070 | 123,213 | 8.58 | 0.80 | 117,143 | 8.39 | 0.81 |
| Non-life Insurance Total | 6,070 | 123,213 | 8.58 | 0.80 | 117,143 | 8.39 | 0.81 |
| Bid Corporation Ltd. | 2,626 | 48,640 | 19.82 | 1.86 | 46,014 | 19.41 | 1.88 |
| Clicks Group Ltd. | 1,967 | 34,013 | 9.85 | 0.92 | 32,046 | 10.79 | 1.05 |
| Shoprite Holdings Ltd. | 3,698 | 68,413 | 18.87 | 1.77 | 64,715 | 17.49 | 1.69 |
| Personal Care, Drug and Grocery Stores Total | 8,291 | 151,066 | 48.54 | 4.55 | 142,775 | 47.69 | 4.62 |
| Compagnie Financière Richemont SA | 299 | 6,756 | 19.99 | 1.88 | 6,457 | 23.42 | 2.27 |
| Personal Goods Total | 299 | 6,756 | 19.99 | 1.88 | 6,457 | 23.42 | 2.27 |
| AngloGold Ashanti plc | 1,107 | 48,824 | 80.19 | 7.52 | 47,717 | 68.39 | 6.63 |
| Gold Fields Ltd. | 6,827 | 127,793 | 97.19 | 9.12 | 120,966 | 87.79 | 8.51 |
| Harmony Gold Mining Company Ltd. | 4,282 | 79,195 | 20.27 | 1.90 | 74,913 | 25.25 | 2.45 |
| Impala Platinum Holdings Ltd. | 6,100 | 113,332 | 27.08 | 2.54 | 107,232 | 28.09 | 2.72 |
| Northam Platinum Holdings Ltd. | 2,772 | 51,200 | 17.41 | 1.63 | 48,428 | 16.33 | 1.58 |
| Pan African Resources plc | 229,121 | 229,121 | 7.22 | 0.68 | 0 | 0.00 | 0.00 |
| Sibanye Stillwater Ltd. | 21,984 | 406,893 | 20.77 | 1.95 | 384,909 | 23.29 | 2.26 |
| Valterra Platinum Ltd. | 2,418 | 34,461 | 48.28 | 4.53 | 32,043 | 45.17 | 4.38 |
| Precious Metals and Mining Total | 274,611 | 1,090,819 | 318.41 | 29.88 | 816,208 | 294.30 | 28.52 |
| NEPI Rockcastle NV | 4,208 | 85,342 | 11.59 | 1.09 | 81,134 | 11.83 | 1.15 |
| Real Estate Investment and Services Total | 4,208 | 85,342 | 11.59 | 1.09 | 81,134 | 11.83 | 1.15 |
| Growthpoint Properties Ltd. | 23,951 | 486,147 | 7.86 | 0.74 | 462,196 | 7.93 | 0.77 |
| Real Estate Investment Trusts Total | 23,951 | 486,147 | 7.86 | 0.74 | 462,196 | 7.93 | 0.77 |
| Mr Price Group Ltd. | 2,262 | 36,403 | 5.58 | 0.52 | 34,141 | 5.97 | 0.58 |
| Pepkor Holdings Ltd. | 26,236 | 532,103 | 12.03 | 1.13 | 505,867 | 13.38 | 1.30 |
| Woolworths Holdings Ltd. | 8,062 | 129,712 | 6.58 | 0.62 | 121,650 | 6.81 | 0.66 |
| Retailers Total | 36,560 | 698,218 | 24.19 | 2.27 | 661,658 | 26.17 | 2.54 |
| Naspers Ltd. | 5,832 | 109,227 | 94.15 | 8.83 | 103,395 | 114.20 | 11.07 |
| Prosus NV | -208 | 31,769 | 24.42 | 2.29 | 31,977 | 32.73 | 3.17 |
| Software and Computer Services Total | 5,624 | 140,996 | 118.57 | 11.13 | 135,372 | 146.93 | 14.24 |
| MTN Group Ltd. | 13,639 | 254,727 | 49.79 | 4.67 | 241,088 | 40.86 | 3.96 |
| Vodacom Group Ltd. | 4,238 | 85,940 | 12.40 | 1.16 | 81,702 | 11.55 | 1.12 |
| Telecommunications Service Providers Total | 17,877 | 340,667 | 62.19 | 5.84 | 322,790 | 52.41 | 5.08 |
| British American Tobacco plc | -735 | 21,442 | 21.27 | 2.00 | 22,177 | 20.87 | 2.02 |
| Tobacco Total | -735 | 21,442 | 21.27 | 2.00 | 22,177 | 20.87 | 2.02 |
| Portfolio Total | 485,862 | 5,725,944 | 1,065.73 | 100.00 | 5,240,082 | 1,031.90 | 100.00 |