The largest contributor to the MARKET return was Anglo American PLC with a return of 7.4%. The largest detractor to the MARKET return was Sasol Ltd with a return of -12.1%. The largest contributor to the INVESTMENT Factor return was an overweight posi..on in Quilter PLC with a return of 9.7%. The largest detractor to the INVESTMENT Factor return was an underweight posi..on in SPAR Group Ltd/The with a return of 9.9%.

The largest contributor to the MOMENTUM Factor return was an overweight posi..on in Anglo American PLC with a return of 7.4%. The largest detractor to the MOMENTUM Factor return was an underweight posi..on in Glencore PLC with a return of 7.8%.

The largest contributor to the QUALITY Factor return was an overweight posi..on in Capitec Bank Holdings Ltd with a return of 17.6%. The largest detractor to the QUALITY Factor return was an overweight posi..on in African Rainbow Minerals Ltd with a return of -9.7%.

The largest contributor to the VALUE Factor return was an overweight posi..on in Old Mutual Ltd with a return of 8.6%. The largest detractor to the VALUE Factor return was an underweight posi..on in Capitec Bank Holdings Ltd with a return of 1 7.6%.

The largest contributor to the VOLATILITY Factor return was an overweight posi..on in Netcare Ltd with a return of 7.7%. The largest detractor to the VOLATILITY Factor return was an overweight posi..on in Mul..Choice Group with a return of -11.4%.