Historical Performance of Proposed Holdings

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Average annual performance (compounded, distributions reinvested)

Period             1 year       3 years     5 years     10 years*

Gross              28.11%     22.76%     18.87%     15.95%

After Fees      25.69%     20.72%     17.13%     14.44%

*5-year data applied where 10-year data unavailable.

As at 31 October 2025

This fund is proposed and has no actual performance history. The information presented reflects the historical performance of the underlying securities as if they had been held in the proposed portfolio. Past performance is not an indicator of future performance. Returns are calculated in Australian dollars using the Fund’s net asset value (NAV) per unit at the start and end of each period and do not reflect transaction costs, brokerage, or the bid-ask spread incurred when buying or selling units on the ASX. Returns assume reinvestment of any distributions and do not take into account taxes applicable to investors. Returns for periods longer than one year are annualised. Current performance may be higher or lower than the performance shown. Investors should seek independent tax advice regarding their personal circumstances.