| | | |
| Security | Change | # Units | Value (Rm) | % Fund | # Units | Value (Rm) | % Fund |
| Absa Group Ltd. | 8,693 | 113,601 | 27.19 | 2.64 | 104,908 | 19.00 | 2.11 |
| Capitec Bank Holdings Ltd. | 885 | 11,791 | 49.00 | 4.75 | 10,906 | 37.89 | 4.21 |
| FirstRand Ltd. | 52,232 | 698,087 | 63.35 | 6.14 | 645,855 | 50.16 | 5.58 |
| Investec Ltd. | 1,813 | 33,418 | 4.08 | 0.40 | 31,605 | 4.05 | 0.45 |
| Investec plc | 1,735 | 47,339 | 5.78 | 0.56 | 45,604 | 5.84 | 0.65 |
| Nedbank Group Ltd. | 4,885 | 62,418 | 16.62 | 1.61 | 57,533 | 12.28 | 1.37 |
| Standard Bank Group Ltd. | 13,505 | 180,017 | 52.28 | 5.07 | 166,512 | 39.36 | 4.38 |
| Banks Total | 83,748 | 1,146,671 | 218.31 | 21.16 | 1,062,923 | 168.58 | 18.74 |
| Anheuser-Busch InBev SA/NV | 1,756 | 12,835 | 13.74 | 1.33 | 11,079 | 11.37 | 1.26 |
| Beverages Total | 1,756 | 12,835 | 13.74 | 1.33 | 11,079 | 11.37 | 1.26 |
| Cash on call | 0 | 0 | 13.25 | 1.28 | 0 | 6.82 | 0.76 |
| Cash on call Total | 0 | 0 | 13.25 | 1.28 | 0 | 6.82 | 0.76 |
| Sasol Ltd. | 6,159 | 80,371 | 8.54 | 0.83 | 74,212 | 7.97 | 0.89 |
| Chemicals Total | 6,159 | 80,371 | 8.54 | 0.83 | 74,212 | 7.97 | 0.89 |
| Mondi plc | 1,474 | 25,516 | 5.20 | 0.50 | 24,042 | 5.66 | 0.63 |
| The Bidvest Group Ltd. | 3,564 | 46,563 | 11.06 | 1.07 | 42,999 | 9.11 | 1.01 |
| General Industrials Total | 5,038 | 72,079 | 16.25 | 1.58 | 67,041 | 14.77 | 1.64 |
| Anglo American plc | -99 | 40,442 | 27.71 | 2.69 | 40,541 | 26.21 | 2.91 |
| BHP Group Ltd. | 287 | 19,694 | 9.99 | 0.97 | 19,407 | 9.25 | 1.03 |
| Glencore plc | 27,098 | 135,549 | 12.36 | 1.20 | 108,451 | 8.64 | 0.96 |
| Industrial Metals and Mining Total | 27,286 | 195,685 | 50.05 | 4.85 | 168,399 | 44.10 | 4.90 |
| Reinet Investments SCA | 1,397 | 18,243 | 10.58 | 1.03 | 16,846 | 8.51 | 0.95 |
| Remgro Ltd. | 5,221 | 68,324 | 12.41 | 1.20 | 63,103 | 10.58 | 1.18 |
| Investment Banking and Brokerage Services Total | 6,618 | 86,567 | 22.99 | 2.23 | 79,949 | 19.09 | 2.12 |
| Discovery Ltd. | 5,698 | 73,625 | 16.76 | 1.62 | 67,927 | 13.38 | 1.49 |
| Old Mutual Ltd. | 43,353 | 563,945 | 8.40 | 0.81 | 520,592 | 6.95 | 0.77 |
| Sanlam Ltd. | 18,441 | 240,394 | 23.68 | 2.29 | 221,953 | 18.55 | 2.06 |
| Life Insurance Total | 67,492 | 877,964 | 48.83 | 4.73 | 810,472 | 38.88 | 4.32 |
| OUTsurance Group Ltd. | 8,981 | 117,143 | 8.39 | 0.81 | 108,162 | 7.76 | 0.86 |
| Non-life Insurance Total | 8,981 | 117,143 | 8.39 | 0.81 | 108,162 | 7.76 | 0.86 |
| Bid Corporation Ltd. | 3,527 | 46,014 | 19.41 | 1.88 | 42,487 | 18.37 | 2.04 |
| Clicks Group Ltd. | 2,042 | 32,046 | 10.79 | 1.05 | 30,004 | 10.57 | 1.18 |
| Shoprite Holdings Ltd. | 4,989 | 64,715 | 17.49 | 1.69 | 59,726 | 16.37 | 1.82 |
| Personal Care, Drug and Grocery Stores Total | 10,558 | 142,775 | 47.69 | 4.62 | 132,217 | 45.31 | 5.04 |
| Compagnie Financière Richemont SA | 514 | 6,457 | 23.42 | 2.27 | 5,943 | 19.43 | 2.16 |
| Personal Goods Total | 514 | 6,457 | 23.42 | 2.27 | 5,943 | 19.43 | 2.16 |
| AngloGold Ashanti plc | 2,874 | 47,717 | 68.39 | 6.63 | 44,843 | 54.42 | 6.05 |
| Gold Fields Ltd. | 9,163 | 120,966 | 87.79 | 8.51 | 111,803 | 81.51 | 9.06 |
| Harmony Gold Mining Company Ltd. | 5,757 | 74,913 | 25.25 | 2.45 | 69,156 | 21.77 | 2.42 |
| Impala Platinum Holdings Ltd. | 8,212 | 107,232 | 28.09 | 2.72 | 99,020 | 21.84 | 2.43 |
| Northam Platinum Holdings Ltd. | 3,703 | 48,428 | 16.33 | 1.58 | 44,725 | 12.57 | 1.40 |
| Sibanye Stillwater Ltd. | 29,899 | 384,909 | 23.29 | 2.26 | 355,010 | 17.50 | 1.95 |
| Valterra Platinum Ltd. | 4,363 | 32,043 | 45.17 | 4.38 | 27,680 | 34.20 | 3.80 |
| Precious Metals and Mining Total | 63,971 | 816,208 | 294.30 | 28.52 | 752,237 | 243.81 | 27.10 |
| NEPI Rockcastle NV | 6,204 | 81,134 | 11.83 | 1.15 | 74,930 | 10.36 | 1.15 |
| Real Estate Investment and Services Total | 6,204 | 81,134 | 11.83 | 1.15 | 74,930 | 10.36 | 1.15 |
| Growthpoint Properties Ltd. | 35,589 | 462,196 | 7.93 | 0.77 | 426,607 | 6.28 | 0.70 |
| Real Estate Investment Trusts Total | 35,589 | 462,196 | 7.93 | 0.77 | 426,607 | 6.28 | 0.70 |
| Mr Price Group Ltd. | 2,190 | 34,141 | 5.97 | 0.58 | 31,951 | 6.51 | 0.72 |
| Pepkor Holdings Ltd. | 38,630 | 505,867 | 13.38 | 1.30 | 467,237 | 11.36 | 1.26 |
| Woolworths Holdings Ltd. | 6,584 | 121,650 | 6.81 | 0.66 | 115,066 | 5.79 | 0.64 |
| Retailers Total | 47,404 | 661,658 | 26.17 | 2.54 | 614,254 | 23.65 | 2.63 |
| Naspers Ltd. | 83,340 | 103,395 | 114.20 | 11.07 | 20,055 | 125.44 | 13.94 |
| Prosus NV | -2,185 | 31,977 | 32.73 | 3.17 | 34,162 | 41.36 | 4.60 |
| Software and Computer Services Total | 81,155 | 135,372 | 146.93 | 14.24 | 54,217 | 166.80 | 18.54 |
| MTN Group Ltd. | 18,302 | 241,088 | 40.86 | 3.96 | 222,786 | 32.30 | 3.59 |
| Vodacom Group Ltd. | 6,249 | 81,702 | 11.55 | 1.12 | 75,453 | 10.06 | 1.12 |
| Telecommunications Service Providers Total | 24,551 | 322,790 | 52.41 | 5.08 | 298,239 | 42.36 | 4.71 |
| British American Tobacco plc | -2,211 | 22,177 | 20.87 | 2.02 | 24,388 | 22.25 | 2.47 |
| Tobacco Total | -2,211 | 22,177 | 20.87 | 2.02 | 24,388 | 22.25 | 2.47 |
| Portfolio Total | 474,813 | 5,240,082 | 1,031.90 | 100.00 | 4,765,269 | 899.61 | 100.00 |