AustralianSuper — Member Direct (Income)

Choice Income Retirement holdings as at 31 December 2025

As at 31 December 2025, the AustralianSuper Member Direct (Income) option disclosed 489 holdings — its largest being MEMBERS EQUITY BANK LTD. at 47.78%. 0 internally-managed unlisted holdings are disclosed by name only.

Disclosed value

$1,061,143,562

Disclosed holdings

489

Itemised value shown

$1,061,143,562

Name only (unlisted)

Listed holdings are shown with their disclosed value. We surface disclosed holdings; we don't look through pooled vehicles. See methodology.

Asset-class allocation

Physical holdings by asset class. The synthetic (derivative) effect is the disclosed Schedule 8D Table 3 overlay, shown separately — not netted into the physical figures.

Physical (disclosed holdings)

Asset class	Weighting	Value (AUD)
Cash	53.91%	$572,139,475
Equity	41.37%	$439,657,007
Alternatives	2.53%	$26,794,163
Property	0.96%	$10,174,387
Fixed Income	0.74%	$7,880,679
Infrastructure	0.42%	$4,497,851

Synthetic effect (derivatives, Table 3)

Asset class	Weighting effect
No disclosed derivative effect.

Currency exposure

Physical currency as disclosed (sparsely reported — an undisclosed bucket is shown as such, not inferred). The synthetic (derivative) effect is the Schedule 8D Table 4 overlay, shown separately.

Physical (disclosed)

Currency	Weighting	Value (AUD)
AUD	53.91%	$572,139,475
Not disclosed	46.02%	$489,004,088

Synthetic effect (derivatives, Table 4)

Currency	Weighting effect
No disclosed derivative effect.

Holdings

All 489 holdings disclosed by AustralianSuper Member Direct (Income), largest first, as at 31 December 2025. Each resolved security links to the funds that hold it. Internally-managed unlisted holdings are marked “name only”.

Holding	Asset class	Currency	Weighting	Value (AUD)
MEMBERS EQUITY BANK LTD.	Cash	AUD	47.78%	$507,058,185
NATIONAL AUSTRALIA BANK LIMITED	Cash	AUD	6.13%	$65,081,290
Vanguard MSCI Index International Shares ETF	Equity	—	1.71%	$18,132,146
VANGUARD AUSTRALIAN SHARES INDEX ETF	Equity	—	1.43%	$15,165,414
COMMONWEALTH BANK OF AUSTRALIA	Equity	—	1.22%	$12,905,011
Global X Physical Gold Structured ETF	Alternatives	—	1.21%	$12,869,943
Global X Physical Silver Structured ETF	Alternatives	—	1.08%	$11,420,309
BHP GROUP LTD.	Equity	—	1.03%	$10,976,373
iShares S&P 500 ETF	Equity	—	1.02%	$10,863,015
CSL LTD.	Equity	—	1.02%	$10,775,777
Vanguard Australian Shares High Yield ETF	Equity	—	1.00%	$10,586,184
WESTPAC BANKING CORPORATION	Equity	—	0.99%	$10,466,467
NORTHERN STAR RESOURCES LTD.	Equity	—	0.93%	$9,857,971
ANZ GROUP HOLDINGS LTD.	Equity	—	0.93%	$9,844,906
BetaShares NASDAQ 100 ETF	Equity	—	0.85%	$9,054,728
NATIONAL AUSTRALIA BANK LIMITED	Equity	—	0.85%	$9,047,105
WOODSIDE ENERGY GROUP LTD.	Equity	—	0.77%	$8,133,478
MACQUARIE GROUP LTD.	Equity	—	0.75%	$7,957,922
Vanguard Total Stock Market Shares Index ETF	Equity	—	0.73%	$7,740,127
Pilbara Minerals Ltd	Equity	—	0.71%	$7,572,457
WESFARMERS LTD.	Equity	—	0.57%	$6,041,124
Vanguard MSCI Index Intl Shares Hedged ETF	Equity	—	0.54%	$5,781,947
EVOLUTION MINING LTD.	Equity	—	0.53%	$5,670,306
Telstra Corporation Limited	Equity	—	0.53%	$5,662,227
Vanguard All-World ex-US Shares Index ETF	Equity	—	0.52%	$5,556,204
Perth Mint Gold - ETF	Equity	—	0.52%	$5,493,250
Fortescue Metals Group Ltd	Equity	—	0.48%	$5,128,528
NEWMONT CORP.	Equity	—	0.44%	$4,720,486
RIO TINTO LTD.	Equity	—	0.42%	$4,460,245
LYNAS RARE EARTHS LTD.	Equity	—	0.41%	$4,329,829
MESOBLAST LTD.	Equity	—	0.40%	$4,206,401
ETFS FANG+ ETF	Equity	—	0.39%	$4,170,482
VanEck MSCI International Quality ETF	Equity	—	0.33%	$3,463,002
RESMED, INC.	Equity	—	0.31%	$3,323,408
SOUTH32 LTD.	Equity	—	0.30%	$3,188,745
VanEck Australian Equal Weight ETF	Equity	—	0.30%	$3,173,523
VAULT MINERALS LTD.	Equity	—	0.29%	$3,053,046
iShares Global 100 ETF	Equity	—	0.28%	$2,948,781
BetaShares Australia 200 ETF	Equity	—	0.27%	$2,913,127
iShares Core S&P/ASX 200 ETF	Equity	—	0.26%	$2,774,322
WOOLWORTHS GROUP LTD	Equity	—	0.26%	$2,746,677
PRO MEDICUS LTD.	Equity	—	0.25%	$2,688,209
Liontown Resources Ltd	Equity	—	0.25%	$2,640,847
VanEck Vectors Gold Miners ETF/Australia	Equity	—	0.25%	$2,635,936
Regis Resources NL	Equity	—	0.25%	$2,621,639
iShares Asia 50 ETF	Equity	—	0.24%	$2,576,964
Vanguard Diversified High Growth Index ETF	Equity	—	0.24%	$2,538,077
BELLEVUE GOLD LTD.	Equity	—	0.24%	$2,520,854
Betashares Gold Bullion Currency Hedged ETF	Alternatives	—	0.24%	$2,503,911
Whitehaven Coal Ltd	Equity	—	0.24%	$2,499,088
Washington H Soul Pattinson And Company Ltd	Equity	—	0.22%	$2,363,255
Metrics Master Income Trust	Equity	—	0.22%	$2,310,351
Corporate Travel Management Ltd	Equity	—	0.22%	$2,288,031
MINERAL RESOURCES LTD.	Equity	—	0.21%	$2,247,145
SANTOS LTD.	Equity	—	0.21%	$2,244,085
WISETECH GLOBAL LTD.	Equity	—	0.21%	$2,221,664
Vanguard Australian Fixed Interest Index Fund ETF	Fixed Income	—	0.21%	$2,217,702
WESTGOLD RESOURCES LTD.	Equity	—	0.21%	$2,193,947
Vanguard FTSE Emerging Markets ETF	Equity	—	0.20%	$2,162,130
BetaShares Global Sustainability Leaders ETF	Equity	—	0.20%	$2,158,980
Vanguard Diversified Balanced Index ETF	Equity	—	0.20%	$2,086,287
Vanguard Diversified Growth Index ETF	Equity	—	0.20%	$2,085,620
State Street SPDR S&P/ASX 200 ETF	Equity	—	0.19%	$2,061,950
RAMELIUS RESOURCES LTD.	Equity	—	0.19%	$2,039,045
WEST AFRICAN RESOURCES LTD.	Equity	—	0.19%	$2,007,195
Australian Foundation Investment Co Limited	Equity	—	0.18%	$1,955,464
Vanguard Australian Property Securities Index ETF	Property	—	0.18%	$1,887,565
PALADIN ENERGY LTD.	Equity	—	0.17%	$1,843,179
JB HI-FI LTD.	Equity	—	0.17%	$1,768,524
TREASURY WINE ESTATES LTD.	Equity	—	0.16%	$1,695,889
COLES GROUP LTD.	Equity	—	0.15%	$1,589,047
Argo Investments Limited	Equity	—	0.15%	$1,565,083
Vanguard MSCI Australian Small Companies Index ETF	Equity	—	0.15%	$1,557,787
iShares Core Composite Bond ETF	Fixed Income	—	0.15%	$1,548,484
PERSEUS MINING LTD.	Equity	—	0.14%	$1,530,936
WEBJET LTD	Equity	—	0.14%	$1,488,459
APA GROUP	Infrastructure	—	0.14%	$1,485,881
New Hope Corporation Ltd	Equity	—	0.14%	$1,478,841
TELIX PHARMACEUTICALS LTD.	Equity	—	0.14%	$1,474,570
COCHLEAR LTD.	Equity	—	0.14%	$1,459,696
POLYNOVO LTD.	Equity	—	0.13%	$1,382,712
AGL ENERGY LTD.	Equity	—	0.13%	$1,379,649
VanEck FTSE Global Infrastructure (Hedged) ETF	Infrastructure	—	0.12%	$1,325,400
ORIGIN ENERGY LTD.	Equity	—	0.12%	$1,312,422
BetaShares Global Cybersecurity ETF	Equity	—	0.12%	$1,311,983
Technologyone Ltd	Equity	—	0.12%	$1,300,615
Vanguard International Fixed Interest Index (Hedged) ETF	Fixed Income	—	0.12%	$1,270,918
State Street SPDR S&P Global Dividend ETF	Equity	—	0.12%	$1,261,970
Sandfire Resources Nl	Equity	—	0.12%	$1,233,935
IGO LTD.	Equity	—	0.11%	$1,203,498
Endeavour Group Ltd/Australia	Equity	—	0.11%	$1,184,958
TRANSURBAN GROUP	Infrastructure	—	0.11%	$1,165,888
iShares S&P Small-Cap ETF	Equity	—	0.11%	$1,157,875
DICKER DATA LTD.	Equity	—	0.11%	$1,152,727
WEEBIT NANO LTD.	Equity	—	0.11%	$1,145,043
BetaShares Australian Sustainability Leaders ETF	Equity	—	0.11%	$1,127,924
GOODMAN GROUP	Property	—	0.11%	$1,116,085
Global X Semiconductor ETF	Equity	—	0.10%	$1,112,668
State Street SPDR MSCI AU Select HighDiv Yield ETF	Equity	—	0.10%	$1,038,690
ARISTOCRAT LEISURE LTD.	Equity	—	0.10%	$1,025,190
NEXTDC LTD.	Equity	—	0.10%	$1,015,682
BENDIGO & ADELAIDE BANK LTD.	Equity	—	0.09%	$976,025
AUDINATE GROUP LTD.	Equity	—	0.09%	$971,347
SONIC HEALTHCARE LTD.	Equity	—	0.09%	$969,992
GENESIS MINERALS LTD.	Equity	—	0.09%	$968,651
HUB24 LTD.	Equity	—	0.09%	$967,120
JAMES HARDIE INDUSTRIES PLC	Equity	—	0.09%	$956,879
Vanguard Australian Government Bond Index ETF	Fixed Income	—	0.09%	$946,480
BANK OF QUEENSLAND LTD.	Equity	—	0.09%	$942,214
SUPER RETAIL GROUP LTD.	Equity	—	0.09%	$913,037
AMCOR PLC	Equity	—	0.09%	$903,876
CHALICE MINING LTD.	Equity	—	0.08%	$894,177
Rural Funds Group	Property	—	0.08%	$867,608
SILEX SYSTEMS LTD.	Equity	—	0.08%	$864,605
QBE INSURANCE GROUP LTD.	Equity	—	0.08%	$851,948
FLIGHT CENTRE TRAVEL GROUP LTD.	Equity	—	0.08%	$850,872
XERO LTD.	Equity	—	0.08%	$830,636
SUNCORP GROUP LTD.	Equity	—	0.08%	$810,117
NEUREN PHARMACEUTICALS LTD.	Equity	—	0.08%	$800,081
DETERRA ROYALTIES LTD.	Equity	—	0.07%	$795,644
ELEVRA LITHIUM LTD.	Equity	—	0.07%	$795,638
ILUKA RESOURCES LTD.	Equity	—	0.07%	$788,627
iShares MSCI Emerging Markets ETF	Equity	—	0.07%	$784,587
AURIZON HOLDINGS LTD.	Equity	—	0.07%	$774,034
DOMINO'S PIZZA ENTERPRISES LTD.	Equity	—	0.07%	$757,974
Vanguard MSCI Australian Large Companies Index ETF	Equity	—	0.07%	$756,148
CLINUVEL PHARMACEUTICALS LTD.	Equity	—	0.07%	$749,544
RAMSAY HEALTH CARE LTD.	Equity	—	0.07%	$749,254
KINGSGATE CONSOLIDATED LTD.	Equity	—	0.07%	$743,920
BLOCK, INC.	Equity	—	0.07%	$723,453
VanEck MSCI Australian Sustainable Equity ETF	Equity	—	0.07%	$722,557
DEVELOP GLOBAL LTD.	Equity	—	0.07%	$714,541
Hyperion Global Growth Companies Fund (Managed Fund) ETF	Equity	—	0.07%	$712,924
Betashares Global Shares ETF	Equity	—	0.07%	$709,087
INGHAMS GROUP LTD.	Equity	—	0.07%	$698,883
HARVEY NORMAN HOLDINGS LTD.	Equity	—	0.07%	$691,474
Betashares Global Robotics and Artificial Intelligence ETF	Equity	—	0.07%	$691,231
JUDO CAPITAL HOLDINGS LTD.	Equity	—	0.06%	$677,382
REA GROUP LTD.	Equity	—	0.06%	$674,692
AURELIA METALS LTD.	Equity	—	0.06%	$672,374
HELIA GROUP LTD.	Equity	—	0.06%	$661,848
iShares S&P/ASX 20 ETF	Equity	—	0.06%	$661,812
Vanguard FTSE Europe Shares ETF	Equity	—	0.06%	$649,442
BEACH ENERGY LTD.	Equity	—	0.06%	$646,129
NICKEL INDUSTRIES LTD.	Equity	—	0.06%	$645,725
DATA#3 LTD.	Equity	—	0.06%	$636,809
ZIP CO. LTD.	Equity	—	0.06%	$629,104
CODAN LTD.	Equity	—	0.06%	$627,166
GLOBAL X BATTERY TECH & LITHIUM ETF	Equity	—	0.06%	$624,527
ASX LTD.	Equity	—	0.06%	$622,990
CHALLENGER LTD.	Equity	—	0.06%	$622,481
BOSS ENERGY LTD.	Equity	—	0.06%	$600,064
PERENTI LTD.	Equity	—	0.06%	$599,697
DRONESHIELD LTD.	Equity	—	0.06%	$589,213
CAPRICORN METALS LTD.	Equity	—	0.06%	$588,832
RESOLUTE MINING LTD.	Equity	—	0.06%	$586,082
INSURANCE AUSTRALIA GROUP LTD.	Equity	—	0.05%	$582,779
Arafura Rare Earths Ltd	Equity	—	0.05%	$577,112
CHARTER HALL LONG WALE REIT	Property	—	0.05%	$573,640
CAPSTONE COPPER CORP.	Equity	—	0.05%	$573,351
ACCENT GROUP LTD.	Equity	—	0.05%	$572,342
LIFE360, INC.	Equity	—	0.05%	$571,284
iShares Core S&P Mid-Cap ETF	Equity	—	0.05%	$558,370
iShares Europe ETF	Equity	—	0.05%	$558,330
METCASH LTD.	Equity	—	0.05%	$556,311
HMC CAPITAL LTD.	Equity	—	0.05%	$555,731
MCP Income Opportunities Trust	Equity	—	0.05%	$555,271
QANTAS AIRWAYS LTD.	Equity	—	0.05%	$539,459
Vanguard FTSE Asia ex-Japan Shares Index ETF	Equity	—	0.05%	$537,365
Core Lithium Limited	Equity	—	0.05%	$531,780
Betashares Australian Major Bank Subordinated Debt ETF	Equity	—	0.05%	$530,678
Vanguard Australian Corporate Fixed Interest Index ETF	Fixed Income	—	0.05%	$529,468
Qualitas Real Estate Income Fund NPV	Property	—	0.05%	$522,147
BetaShares NASDAQ 100 ETF - Currency Hedged	Equity	—	0.05%	$512,812
SMARTGROUP CORP. LTD.	Equity	—	0.05%	$507,654
MCMILLAN SHAKESPEARE LTD.	Equity	—	0.05%	$507,067
Yancoal Australia Ltd	Equity	—	0.05%	$506,426
BRAMBLES LTD.	Equity	—	0.05%	$501,929
VanEck MSCI International Sustainable Equity ETF	Equity	—	0.05%	$495,641
FIREFLY METALS LTD.	Equity	—	0.05%	$490,497
IPH LTD.	Equity	—	0.04%	$476,133
iShares MSCI EAFE ETF	Equity	—	0.04%	$473,314
SIGMA HEALTHCARE LTD.	Equity	—	0.04%	$472,138
LOTTERY CORP. LTD.	Equity	—	0.04%	$471,959
CLARITY PHARMACEUTICALS LTD.	Equity	—	0.04%	$462,546
ARB CORP. LTD.	Equity	—	0.04%	$455,585
BetaShares S&P/ASX Australian Technology ETF	Equity	—	0.04%	$454,164
State Street SPDR S&P Worldex AU CarbonAware H ETF	Equity	—	0.04%	$452,979
MAGELLAN FINANCIAL GROUP LTD.	Equity	—	0.04%	$451,306
AMPOL LTD.	Equity	—	0.04%	$449,479
SITEMINDER LTD.	Equity	—	0.04%	$445,737
iShares S&P 500 AUD Hedged ETF	Equity	—	0.04%	$439,691
BKI Investment Co Ltd	Equity	—	0.04%	$436,500
DPM METALS, INC.	Equity	—	0.04%	$435,739
SRG GLOBAL LTD.	Equity	—	0.04%	$432,648
ALCOA CORP.	Equity	—	0.04%	$431,452
ELDERS LTD.	Equity	—	0.04%	$419,912
iShares China Large-Cap ETF	Equity	—	0.04%	$419,676
VULCAN ENERGY RESOURCES LTD.	Equity	—	0.04%	$416,300
BRAINCHIP HOLDINGS LTD.	Equity	—	0.04%	$409,618
CENTURIA INDUSTRIAL REIT	Property	—	0.04%	$408,206
Medibank Private Ltd	Equity	—	0.04%	$402,226
PINNACLE INVESTMENT MANAGEMENT GROUP LTD.	Equity	—	0.04%	$389,288
MEGAPORT LTD.	Equity	—	0.04%	$381,469
iShares Core MSCI Australia ESG Leaders ETF	Equity	—	0.04%	$380,367
ELECTRO OPTIC SYSTEMS HOLDINGS LTD.	Equity	—	0.04%	$379,932
NRW HOLDINGS LTD.	Equity	—	0.04%	$379,658
HEALIUS LTD.	Equity	—	0.04%	$376,681
TUAS LTD.	Equity	—	0.04%	$375,565
PMET RESOURCES, INC.	Equity	—	0.04%	$374,011
Vanguard Global Value Equity Active ETF	Equity	—	0.04%	$372,368
MYER HOLDINGS LTD.	Equity	—	0.04%	$372,072
VIVA ENERGY GROUP LTD.	Equity	—	0.03%	$370,199
SCENTRE GROUP LTD	Property	—	0.03%	$368,025
DEXUS	Property	—	0.03%	$364,275
BetaShares Western Asset Australian Bond Fund (Managed Fund) ETF	Fixed Income	—	0.03%	$360,042
SPARK NEW ZEALAND LTD.	Equity	—	0.03%	$359,771
Carsales.Com Ltd	Equity	—	0.03%	$356,754
Syrah Resources Ltd	Equity	—	0.03%	$356,044
iShares Government Inflation ETF	Fixed Income	—	0.03%	$350,532
ORICA LTD.	Equity	—	0.03%	$348,102
GQG PARTNERS, INC.	Equity	—	0.03%	$339,036
iShares Core MSCI World All Cap ETF	Equity	—	0.03%	$338,691
VanEck Vectors FTSE International Property (Hedged) ETF	Equity	—	0.03%	$336,402
PREMIER INVESTMENTS LTD.	Equity	—	0.03%	$332,132
A2 Milk Company Ltd	Equity	—	0.03%	$320,876
AMP LTD.	Equity	—	0.03%	$319,423
iShares Global Healthcare ETF	Equity	—	0.03%	$318,740
Vanguard International Credit Securites Index (Hedged) ETF	Fixed Income	—	0.03%	$314,420
Emerald Resources NL NPV	Equity	—	0.03%	$312,278
Ioneer Ltd	Equity	—	0.03%	$310,459
DEEP YELLOW LTD.	Equity	—	0.03%	$309,619
BLUESCOPE STEEL LTD.	Equity	—	0.03%	$308,914
NICK SCALI LTD.	Equity	—	0.03%	$305,444
NINE ENTERTAINMENT CO. HOLDINGS LTD.	Equity	—	0.03%	$305,405
INSIGNIA FINANCIAL LTD.	Equity	—	0.03%	$304,138
Bwp Trust	Property	—	0.03%	$301,075
BetaShares Australian Composite Bond ETF	Fixed Income	—	0.03%	$295,516
DYNO NOBEL LTD.	Equity	—	0.03%	$292,941
PERPETUAL LTD.	Equity	—	0.03%	$290,984
Lendlease Group	Property	—	0.03%	$290,815
Worleyparsons Limited	Equity	—	0.03%	$281,543
NANOSONICS LTD.	Equity	—	0.03%	$280,155
DALRYMPLE BAY INFRASTRUCTURE LTD.	Infrastructure	—	0.03%	$279,543
VanEck Vectors Morningstar Wide Moat ETF	Equity	—	0.03%	$276,769
iShares S&P/ASX High Dividend Index ETF	Equity	—	0.03%	$276,733
NIB HOLDINGS LTD.	Equity	—	0.03%	$272,198
KOGAN.COM LTD.	Equity	—	0.03%	$265,605
Stockland Units/ord Stapled	Property	—	0.02%	$260,566
COMPUTERSHARE LTD.	Equity	—	0.02%	$249,290
iShares MSCI Japan ETF	Equity	—	0.02%	$249,136
AUCKLAND INTERNATIONAL AIRPORT LTD.	Equity	—	0.02%	$248,449
Vaneck Vectors MSCI World ex Australia Quality Hedged ETF	Equity	—	0.02%	$242,987
VanEck Australian Property ETF	Property	—	0.02%	$242,645
DEXUS INDUSTRIA REIT	Property	—	0.02%	$241,567
Atlas Arteria Group	Infrastructure	—	0.02%	$241,140
L1 GROUP LTD.	Equity	—	0.02%	$241,064
ADAIRS LTD.	Equity	—	0.02%	$239,350
NETWEALTH GROUP LTD.	Equity	—	0.02%	$237,345
JUMBO INTERACTIVE LTD.	Equity	—	0.02%	$234,597
Collins Foods Group Ltd	Equity	—	0.02%	$234,403
State Street SPDR S&P/ASX 50 ETF	Equity	—	0.02%	$233,895
TPG TELECOM LTD.	Equity	—	0.02%	$233,786
IMDEX LTD.	Equity	—	0.02%	$231,746
EQT HOLDINGS LTD.	Equity	—	0.02%	$229,795
Charter Hall Retail	Property	—	0.02%	$227,310
AMPLITUDE ENERGY LTD.	Equity	—	0.02%	$226,972
GRAINCORP LTD.	Equity	—	0.02%	$226,436
IDP EDUCATION LTD.	Equity	—	0.02%	$225,472
CATALYST METALS LTD.	Equity	—	0.02%	$225,422
GWA GROUP LTD.	Equity	—	0.02%	$224,208
ST BARBARA LTD.	Equity	—	0.02%	$222,777
NUFARM LTD.	Equity	—	0.02%	$222,670
BAPCOR LTD.	Equity	—	0.02%	$221,912
AUSTAL LTD.	Equity	—	0.02%	$220,094
ORA BANDA MINING LTD.	Equity	—	0.02%	$219,986
Light & Wonder Inc CDI 1:1 Foreign Exempt Xngs	Equity	—	0.02%	$219,810
Global X ROBO Global Robotics & Automation ETF	Equity	—	0.02%	$217,889
SGH LTD.	Equity	—	0.02%	$216,085
G8 EDUCATION LTD.	Equity	—	0.02%	$213,933
KELSIAN GROUP LTD.	Equity	—	0.02%	$211,799
Monash IVF Group Ltd	Equity	—	0.02%	$206,618
BREVILLE GROUP LTD.	Equity	—	0.02%	$206,054
ALS LTD.	Equity	—	0.02%	$205,655
AP Eagers Limited	Equity	—	0.02%	$204,882
Centuria Capital Ltd	Property	—	0.02%	$197,344
HOMECO DAILY NEEDS REIT	Property	—	0.02%	$192,569
METEORIC RESOURCES NL	Equity	—	0.02%	$189,996
Redox Ltd/Australia	Equity	—	0.02%	$189,544
StateStreet SPDR DowJones Gbl RE ESG Tilted ETF	Property	—	0.02%	$188,682
RELIANCE WORLDWIDE CORP. LTD.	Equity	—	0.02%	$188,619
KAROON ENERGY LTD.	Equity	—	0.02%	$187,105
STRIKE ENERGY LTD.	Equity	—	0.02%	$186,277
CENTURIA OFFICE REIT	Property	—	0.02%	$185,761
MAYNE PHARMA GROUP LTD.	Equity	—	0.02%	$181,335
NATIONAL STORAGE REIT	Property	—	0.02%	$178,719
EML Payments Limited	Equity	—	0.02%	$174,747
NexGen Energy (Canada) Limited	Equity	—	0.02%	$174,496
Region Re Ltd	Property	—	0.02%	$168,866
CROMWELL PROPERTY GROUP	Property	—	0.02%	$168,276
ANSELL LTD.	Equity	—	0.02%	$167,208
Betashares Global Shares Currency Hedged ETF	Equity	—	0.02%	$167,155
SELECT HARVESTS LTD.	Equity	—	0.02%	$164,301
SUPPLY NETWORK LTD.	Equity	—	0.02%	$159,541
PEXA GROUP LTD.	Equity	—	0.01%	$159,092
PWR HOLDINGS LTD.	Equity	—	0.01%	$158,507
WAYPOINT REIT LTD.	Property	—	0.01%	$156,608
Humm Group Ltd	Equity	—	0.01%	$147,919
CHARTER HALL GROUP	Property	—	0.01%	$145,600
Mirvac Group Stapled Securities	Property	—	0.01%	$143,910
Resolution Capital Global Property Securities Fund (Managed Fund) ETF	Equity	—	0.01%	$138,281
iShares S&P/ASX Small Ordinaries ETF	Equity	—	0.01%	$138,047
Healthco Healthcare and Wellness RE NPV	Property	—	0.01%	$136,934
Magellan Infrastructure Fund (Currency Hedged) (Managed Fund) ETF	Equity	—	0.01%	$136,866
QUBE HOLDINGS LTD.	Equity	—	0.01%	$134,485
BRAVURA SOLUTIONS LTD.	Equity	—	0.01%	$132,735
VENTIA SERVICES GROUP PTY. LTD.	Equity	—	0.01%	$128,556
State Street SPDR S&P World ex Australia Carbon Aw	Equity	—	0.01%	$127,968
CREDIT CORP. GROUP LTD.	Equity	—	0.01%	$126,329
DOWNER EDI LTD.	Equity	—	0.01%	$126,103
NUIX LTD.	Equity	—	0.01%	$125,636
DIGICO INFRASTRUCTURE REIT	Property	—	0.01%	$121,374
Global X EURO STOXX 50 ETF	Equity	—	0.01%	$120,309
STEADFAST GROUP LTD.	Equity	—	0.01%	$119,972
Perpetual Credit Income Trust	Equity	—	0.01%	$118,493
Bubs Australia Ltd	Equity	—	0.01%	$115,754
LOTUS RESOURCES LTD.	Equity	—	0.01%	$114,963
SEEK LTD.	Equity	—	0.01%	$114,375
ORORA LTD.	Equity	—	0.01%	$111,335
REGIS HEALTHCARE LTD.	Equity	—	0.01%	$110,609
TEMPLE & WEBSTER GROUP LTD.	Equity	—	0.01%	$109,919
AUSTRALIAN CLINICAL LABS LTD.	Equity	—	0.01%	$106,794
Cettire Ltd NPV	Equity	—	0.01%	$106,446
ABACUS GROUP	Property	—	0.01%	$106,340
Global X Morningstar Global Technology ETF	Equity	—	0.01%	$106,210
Talga Group Ltd	Equity	—	0.01%	$105,588
Novonix Limited	Equity	—	0.01%	$104,716
CHORUS LTD.	Equity	—	0.01%	$103,552
BANNERMAN ENERGY LTD.	Equity	—	0.01%	$102,424
TABCORP HOLDINGS LTD.	Equity	—	0.01%	$102,013
ALKANE RESOURCES LTD.	Equity	—	0.01%	$100,738
BetaShares Aus Top 20 Eq Yld Maximiser Complex ETF	Equity	—	0.01%	$99,099
iShares Core FTSE Global Infrastructure (AUD Hedged) ETF	Equity	—	0.01%	$98,741
Macquarie Telecom Group Ltd	Equity	—	0.01%	$95,893
HANSEN TECHNOLOGIES LTD.	Equity	—	0.01%	$95,088
AUSSIE BROADBAND LTD.	Equity	—	0.01%	$94,893
MONADELPHOUS GROUP LTD.	Equity	—	0.01%	$94,270
29Metals Ltd	Equity	—	0.01%	$93,291
AUSTRALIAN ETHICAL INVESTMENT LTD.	Equity	—	0.01%	$92,849
VanEck MSCI Multifactor Emerging Markets Equity ETF	Equity	—	0.01%	$92,335
AUSTRALIAN FINANCE GROUP LTD.	Equity	—	0.01%	$92,183
Jupiter Mines Limited	Equity	—	0.01%	$92,125
Macquarie Core Australian Equity Active ETF	Equity	—	0.01%	$89,789
SERVICE STREAM LTD.	Equity	—	0.01%	$87,924
Renascor Resources Ltd	Equity	—	0.01%	$86,290
Sims Metal Management Limited	Equity	—	0.01%	$84,085
Opthea Ltd	Equity	—	0.01%	$82,212
REECE LTD.	Equity	—	0.01%	$81,954
Imugene Limited	Equity	—	0.01%	$81,358
Star Entertainment Grp Ltd	Equity	—	0.01%	$80,602
Stanmore Resources LTD NPV	Equity	—	0.01%	$79,135
Global X India Nifty 50 ETF	Equity	—	0.01%	$78,459
BEGA CHEESE LTD.	Equity	—	0.01%	$77,229
BLACK CAT SYNDICATE LTD.	Equity	—	0.01%	$76,541
Charter Hall Education Trust	Property	—	0.01%	$76,193
LOVISA HOLDINGS LTD.	Equity	—	0.01%	$75,122
Coronado Global Resources Inc	Equity	—	0.01%	$74,281
PREDICTIVE DISCOVERY LTD.	Equity	—	0.01%	$73,500
Vicinity Centres	Property	—	0.01%	$71,424
FLETCHER BUILDING LTD.	Equity	—	0.01%	$70,727
Pantoro Ltd	Equity	—	0.01%	$69,516
WCM Quality Global Growth ETF	Equity	—	0.01%	$67,358
Catapult Group International Ltd	Equity	—	0.01%	$66,566
Paradigm Biopharmaceuticals Ltd	Equity	—	0.01%	$66,291
IMMUTEP LTD.	Equity	—	0.01%	$65,547
News Corp - Class B	Equity	—	0.01%	$63,594
GROWTHPOINT PROPERTIES AUSTRALIA LTD.	Property	—	0.01%	$63,137
FLEETPARTNERS GROUP LTD.	Equity	—	0.01%	$62,512
Cash Converters International	Equity	—	0.01%	$60,607
CLEANAWAY WASTE MANAGEMENT LTD.	Equity	—	0.01%	$59,430
INFRATIL LTD.	Equity	—	0.01%	$59,326
INTEGRAL DIAGNOSTICS LTD.	Equity	—	0.01%	$58,519
MA FINANCIAL GROUP LTD.	Equity	—	0.01%	$58,489
RPMGLOBAL HOLDINGS LTD.	Equity	—	0.01%	$58,410
AMOTIV LTD.	Equity	—	0.01%	$57,686
AUB GROUP LTD.	Equity	—	0.01%	$56,764
EVT LTD.	Equity	—	0.01%	$56,394
Arena Reit No 1	Property	—	0.01%	$54,130
GPT Group Stapled Securities Fully Paid	Property	—	0.01%	$54,097
BOTANIX PHARMACEUTICALS LTD.	Equity	—	0.01%	$53,587
FISHER & PAYKEL HEALTHCARE CORP. LTD.	Equity	—	0.00%	$52,011
WEBJET GROUP LTD.	Equity	—	0.00%	$48,888
Appen Ltd	Equity	—	0.00%	$47,921
Carnarvon Petroleum Ltd	Equity	—	0.00%	$47,558
ActiveX Ardea Real Outcome Bond Fund (Managed Fund) ETF	Fixed Income	—	0.00%	$47,118
Starpharma Holdings Limited	Equity	—	0.00%	$46,829
AMA Group Limited	Equity	—	0.00%	$46,332
GREATLAND RESOURCES LTD.	Equity	—	0.00%	$46,156
RIDLEY CORP. LTD.	Equity	—	0.00%	$45,707
SUPERLOOP LTD.	Equity	—	0.00%	$45,488
EBOS GROUP LTD.	Equity	—	0.00%	$44,963
Southern Cross Media Group	Equity	—	0.00%	$44,339
INGENIA COMMUNITIES GROUP	Property	—	0.00%	$43,299
Lake Resources N.L.	Equity	—	0.00%	$42,096
IRESS LTD.	Equity	—	0.00%	$42,051
QORIA LTD.	Equity	—	0.00%	$41,913
CHAMPION IRON LTD.	Equity	—	0.00%	$41,003
Avita Therapeutics Inc	Equity	—	0.00%	$40,339
GUZMAN Y GOMEZ LTD.	Equity	—	0.00%	$36,567
ABACUS STORAGE KING	Property	—	0.00%	$36,454
GENTRACK GROUP LTD.	Equity	—	0.00%	$35,572
TYRO PAYMENTS LTD.	Equity	—	0.00%	$35,276
Betmakers Technology Group Limited	Equity	—	0.00%	$35,045
WA1 RESOURCES LTD.	Equity	—	0.00%	$33,431
OFX GROUP LTD.	Equity	—	0.00%	$32,162
Coast Entertainment Holdings Limited	Equity	—	0.00%	$31,973
CALIX, INC.	Equity	—	0.00%	$30,657
IPERIONX LTD.	Equity	—	0.00%	$30,604
OMNI BRIDGEWAY LTD.	Equity	—	0.00%	$30,350
Barrow Hanley Global Share ETF	Equity	—	0.00%	$30,180
SKYCITY Entertainment Group Ltd	Equity	—	0.00%	$28,926
METALS X LTD.	Equity	—	0.00%	$26,793
GENERATION DEVELOPMENT GROUP LTD.	Equity	—	0.00%	$25,775
PRAEMIUM LTD.	Equity	—	0.00%	$23,739
Solvar Ltd	Equity	—	0.00%	$19,871
PROPEL FUNERAL PARTNERS LTD.	Equity	—	0.00%	$19,680
Fineos Corporation Holdings Plc	Equity	—	0.00%	$19,500
Australian Agricultural Company Limited	Equity	—	0.00%	$18,930
REGAL PARTNERS LTD.	Equity	—	0.00%	$18,618
LIFESTYLE COMMUNITIES LTD.	Equity	—	0.00%	$18,301
FLEETWOOD LTD.	Equity	—	0.00%	$18,253
Argosy Minerals Ltd	Equity	—	0.00%	$17,802
AUSTRALIAN STRATEGIC MATERIALS LTD.	Equity	—	0.00%	$17,593
Sunrise Energy Metals Ltd	Equity	—	0.00%	$16,261
Baby Bunting Group Ltd	Equity	—	0.00%	$16,000
Neometals Limited	Equity	—	0.00%	$15,726
RICEGROWERS LTD.	Equity	—	0.00%	$13,371
MAAS GROUP HOLDINGS LTD.	Equity	—	0.00%	$12,512
Southern Cross Media Group	Equity	—	0.00%	$11,505
OBJECTIVE CORP. LTD.	Equity	—	0.00%	$11,227
iShares Global Consumer Staples ETF	Equity	—	0.00%	$9,534
MYSTATE LTD.	Equity	—	0.00%	$9,275
MGX Resources Limited	Equity	—	0.00%	$9,245
EMECO HOLDINGS LTD.	Equity	—	0.00%	$8,645
COBRAM ESTATE OLIVES LTD.	Equity	—	0.00%	$8,080
City Chic Collective Ltd	Equity	—	0.00%	$7,389
GDI Property Group	Property	—	0.00%	$7,350
GRANGE RESOURCES LTD.	Equity	—	0.00%	$6,350
Phoslock Environmental Technologies Ltd	Equity	—	0.00%	$6,201
Aspen Group Ord/units Stapled	Property	—	0.00%	$5,790
Alpha HPA Ltd NPV	Equity	—	0.00%	$5,400
BCI Minerals Ltd	Equity	—	0.00%	$5,327
Wildcat Resources Limited	Equity	—	0.00%	$5,110
Dubber Corporation Limited	Equity	—	0.00%	$4,807
Avecho Biotechnology Ltd	Equity	—	0.00%	$4,725
Castile Resources Pty Ltd	Equity	—	0.00%	$4,019
Noumi Ltd	Equity	—	0.00%	$3,989
ImpediMed Ltd	Equity	—	0.00%	$2,866
INTEGRATED RESEARCH LTD.	Equity	—	0.00%	$2,543
Ryzon Materials Ltd	Equity	—	0.00%	$2,436
TERRACOM LTD	Equity	—	0.00%	$2,422
Troy Resources Ltd - Delisted	Equity	—	0.00%	$2,355
Energy Transition Minerals Ltd	Equity	—	0.00%	$2,275
Pointsbet Holdings Ltd	Equity	—	0.00%	$2,171
Kingsrose Mining Limited	Equity	—	0.00%	$1,520
SOUTHERN CROSS GOLD CONSOLIDATED LTD.	Equity	—	0.00%	$1,504
UNIVERSAL STORE HOLDINGS LTD.	Equity	—	0.00%	$1,504
Retail Food Group Limited	Equity	—	0.00%	$1,234
Synlait Milk Ltd	Equity	—	0.00%	$1,102
Articore Group Limited	Equity	—	0.00%	$1,089
Falcon Metals Ltd	Equity	—	0.00%	$984
Highfield Resources Ltd	Equity	—	0.00%	$984
MaxiTRANS Industries Ltd	Equity	—	0.00%	$878
KMD Brands Limited	Equity	—	0.00%	$768
5G Networks Limited	Equity	—	0.00%	$672
Medical Developments International Limited	Equity	—	0.00%	$630
5E Advanced Materials Inc.	Equity	—	0.00%	$593
Juno Minerals Ltd	Equity	—	0.00%	$567
Morella Corporation Ltd	Equity	—	0.00%	$379
BOWEN COKING COAL LTD	Equity	—	0.00%	$197
TERRACOM LTD - Rights 19/01/2025	Equity	—	0.00%	$184
S2 Resources Ltd	Equity	—	0.00%	$168
Silver Chef Ltd	Equity	—	0.00%	$164
Clean TeQ Water Ltd	Equity	—	0.00%	$104
Nico Resources Limited	Equity	—	0.00%	$53
Alexium International Group Ltd	Equity	—	0.00%	$30
Toro Energy Limited	Equity	—	0.00%	$11
Energy Resources of Australia Limited	Equity	—	0.00%	$10
AERIS RESOURCES LTD.	Equity	—	0.00%	$3

Figures are disclosed by the fund itself under Portfolio Holdings Disclosure (Schedule 8D), as at 31 December 2025. This is factual disclosure information, not financial advice, a rating or a recommendation.

Methodology — how holdings are sourced, resolved and aggregated.