| | | |
| Security | Change | # Units | Value (Rm) | % Fund | # Units | Value (Rm) | % Fund |
| Absa Group Ltd. | 5,575 | 104,908 | 19.00 | 2.11 | 99,333 | 17.48 | 2.35 |
| Capitec Bank Holdings Ltd. | 598 | 10,906 | 37.89 | 4.21 | 10,308 | 36.60 | 4.92 |
| FirstRand Ltd. | 35,536 | 645,855 | 50.16 | 5.58 | 610,319 | 46.20 | 6.21 |
| Investec Ltd. | 1,955 | 31,605 | 4.05 | 0.45 | 29,650 | 3.92 | 0.53 |
| Investec plc | 1,216 | 45,604 | 5.84 | 0.65 | 44,388 | 5.87 | 0.79 |
| Nedbank Group Ltd. | 2,951 | 57,533 | 12.28 | 1.37 | 54,582 | 13.27 | 1.78 |
| Standard Bank Group Ltd. | 8,915 | 166,512 | 39.36 | 4.38 | 157,597 | 35.86 | 4.82 |
| Banks Total | 56,746 | 1,062,923 | 168.58 | 18.74 | 1,006,177 | 159.19 | 21.40 |
| Anheuser-Busch InBev SA/NV | -3 | 11,079 | 11.37 | 1.26 | 11,082 | 13.50 | 1.82 |
| Beverages Total | -3 | 11,079 | 11.37 | 1.26 | 11,082 | 13.50 | 1.82 |
| Cash on call | 0 | 0 | 6.82 | 0.76 | 0 | 11.60 | 1.56 |
| Cash on call Total | 0 | 0 | 6.82 | 0.76 | 0 | 11.60 | 1.56 |
| Sasol Ltd. | 3,910 | 74,212 | 7.97 | 0.89 | 70,302 | 5.54 | 0.74 |
| Chemicals Total | 3,910 | 74,212 | 7.97 | 0.89 | 70,302 | 5.54 | 0.74 |
| Mondi plc | 1,667 | 24,042 | 5.66 | 0.63 | 22,375 | 6.51 | 0.88 |
| The Bidvest Group Ltd. | 2,275 | 42,999 | 9.11 | 1.01 | 40,724 | 9.51 | 1.28 |
| General Industrials Total | 3,942 | 67,041 | 14.77 | 1.64 | 63,099 | 16.02 | 2.15 |
| Anglo American plc | 1,775 | 40,541 | 26.21 | 2.91 | 38,766 | 20.38 | 2.74 |
| BHP Group Ltd. | 361 | 19,407 | 9.25 | 1.03 | 19,046 | 8.13 | 1.09 |
| Glencore plc | 108,451 | 108,451 | 8.64 | 0.96 | 0 | 0.00 | 0.00 |
| Industrial Metals and Mining Total | 110,587 | 168,399 | 44.10 | 4.90 | 57,812 | 28.51 | 3.83 |
| Reinet Investments SCA | 949 | 16,846 | 8.51 | 0.95 | 15,897 | 9.16 | 1.23 |
| Remgro Ltd. | 3,492 | 63,103 | 10.58 | 1.18 | 59,611 | 9.43 | 1.27 |
| Investment Banking and Brokerage Services Total | 4,441 | 79,949 | 19.09 | 2.12 | 75,508 | 18.59 | 2.50 |
| Discovery Ltd. | 3,545 | 67,927 | 13.38 | 1.49 | 64,382 | 13.83 | 1.86 |
| Old Mutual Ltd. | 27,964 | 520,592 | 6.95 | 0.77 | 492,628 | 5.95 | 0.80 |
| Sanlam Ltd. | 11,754 | 221,953 | 18.55 | 2.06 | 210,199 | 18.64 | 2.51 |
| Life Insurance Total | 43,263 | 810,472 | 38.88 | 4.32 | 767,209 | 38.41 | 5.17 |
| OUTsurance Group Ltd. | 5,703 | 108,162 | 7.76 | 0.86 | 102,459 | 8.03 | 1.08 |
| Non-life Insurance Total | 5,703 | 108,162 | 7.76 | 0.86 | 102,459 | 8.03 | 1.08 |
| Bid Corporation Ltd. | 2,253 | 42,487 | 18.37 | 2.04 | 40,234 | 18.81 | 2.53 |
| Clicks Group Ltd. | 1,740 | 30,004 | 10.57 | 1.18 | 28,264 | 10.49 | 1.41 |
| Shoprite Holdings Ltd. | 3,168 | 59,726 | 16.37 | 1.82 | 56,558 | 15.66 | 2.11 |
| Personal Care, Drug and Grocery Stores Total | 7,161 | 132,217 | 45.31 | 5.04 | 125,056 | 44.96 | 6.04 |
| Compagnie Financière Richemont SA | 209 | 5,943 | 19.43 | 2.16 | 5,734 | 19.10 | 2.57 |
| Personal Goods Total | 209 | 5,943 | 19.43 | 2.16 | 5,734 | 19.10 | 2.57 |
| Aspen Pharmacare Holdings Ltd. | -45,959 | 0 | 0.00 | 0.00 | 45,959 | 5.49 | 0.74 |
| Pharmaceuticals and Biotechnology Total | -45,959 | 0 | 0.00 | 0.00 | 45,959 | 5.49 | 0.74 |
| AngloGold Ashanti plc | 2,396 | 44,843 | 54.42 | 6.05 | 42,447 | 34.00 | 4.57 |
| Gold Fields Ltd. | 6,047 | 111,803 | 81.51 | 9.06 | 105,756 | 43.97 | 5.91 |
| Harmony Gold Mining Company Ltd. | 3,683 | 69,156 | 21.77 | 2.42 | 65,473 | 16.03 | 2.16 |
| Impala Platinum Holdings Ltd. | 5,308 | 99,020 | 21.84 | 2.43 | 93,712 | 14.89 | 2.00 |
| Northam Platinum Holdings Ltd. | 2,364 | 44,725 | 12.57 | 1.40 | 42,361 | 8.12 | 1.09 |
| Sibanye Stillwater Ltd. | 19,693 | 355,010 | 17.50 | 1.95 | 335,317 | 10.82 | 1.45 |
| Valterra Platinum Ltd. | 12,495 | 27,680 | 34.20 | 3.80 | 15,185 | 12.00 | 1.61 |
| Precious Metals and Mining Total | 51,986 | 752,237 | 243.81 | 27.10 | 700,251 | 139.83 | 18.80 |
| NEPI Rockcastle NV | 4,288 | 74,930 | 10.36 | 1.15 | 70,642 | 9.53 | 1.28 |
| Real Estate Investment and Services Total | 4,288 | 74,930 | 10.36 | 1.15 | 70,642 | 9.53 | 1.28 |
| Growthpoint Properties Ltd. | 24,247 | 426,607 | 6.28 | 0.70 | 402,360 | 5.39 | 0.72 |
| Real Estate Investment Trusts Total | 24,247 | 426,607 | 6.28 | 0.70 | 402,360 | 5.39 | 0.72 |
| Mr Price Group Ltd. | 1,674 | 31,951 | 6.51 | 0.72 | 30,277 | 6.70 | 0.90 |
| Pepkor Holdings Ltd. | 149,826 | 467,237 | 11.36 | 1.26 | 317,411 | 8.64 | 1.16 |
| Woolworths Holdings Ltd. | 7,567 | 115,066 | 5.79 | 0.64 | 107,499 | 5.56 | 0.75 |
| Retailers Total | 159,067 | 614,254 | 23.65 | 2.63 | 455,187 | 20.91 | 2.81 |
| Naspers Ltd. | 1,088 | 20,055 | 125.44 | 13.94 | 18,967 | 104.61 | 14.07 |
| Prosus NV | 446 | 34,162 | 41.36 | 4.60 | 33,716 | 33.43 | 4.50 |
| Software and Computer Services Total | 1,534 | 54,217 | 166.80 | 18.54 | 52,683 | 138.04 | 18.56 |
| MTN Group Ltd. | 6,181 | 222,786 | 32.30 | 3.59 | 216,605 | 30.51 | 4.10 |
| Vodacom Group Ltd. | 3,997 | 75,453 | 10.06 | 1.12 | 71,456 | 9.77 | 1.31 |
| Telecommunications Service Providers Total | 10,178 | 298,239 | 42.36 | 4.71 | 288,061 | 40.27 | 5.42 |
| British American Tobacco plc | -344 | 24,388 | 22.25 | 2.47 | 24,732 | 20.79 | 2.80 |
| Tobacco Total | -344 | 24,388 | 22.25 | 2.47 | 24,732 | 20.79 | 2.80 |
| Portfolio Total | 440,956 | 4,765,269 | 899.61 | 100.00 | 4,324,313 | 743.72 | 100.00 |