AustralianSuper — Member Direct (Accumulation)

Super Accumulation Accumulation holdings as at 31 December 2025

As at 31 December 2025, the AustralianSuper Member Direct (Accumulation) option disclosed 547 holdings — its largest being MEMBERS EQUITY BANK LTD. at 29.54%. 0 internally-managed unlisted holdings are disclosed by name only.

Disclosed value

$4,694,138,424

Disclosed holdings

547

Itemised value shown

$4,694,138,424

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)
Equity	60.52%	$2,844,353,759
Cash	33.39%	$1,567,625,752
Alternatives	4.27%	$200,018,662
Property	1.02%	$47,815,156
Fixed Income	0.38%	$17,504,433
Infrastructure	0.37%	$16,820,663

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)
Not disclosed	66.56%	$3,126,512,672
AUD	33.39%	$1,567,625,752

Synthetic effect (derivatives, Table 4)

Currency	Weighting effect
No disclosed derivative effect.

Holdings

All 547 holdings disclosed by AustralianSuper Member Direct (Accumulation), 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	29.54%	$1,386,708,074
iShares S&P 500 ETF	Equity	—	3.88%	$182,059,203
NATIONAL AUSTRALIA BANK LIMITED	Cash	AUD	3.85%	$180,917,678
BetaShares NASDAQ 100 ETF	Equity	—	3.14%	$147,357,484
Vanguard MSCI Index International Shares ETF	Equity	—	2.26%	$105,964,495
Global X Physical Gold Structured ETF	Alternatives	—	2.24%	$105,072,711
Pilbara Minerals Ltd	Equity	—	2.04%	$95,711,545
VANGUARD AUSTRALIAN SHARES INDEX ETF	Equity	—	1.83%	$85,757,443
Global X Physical Silver Structured ETF	Alternatives	—	1.82%	$85,322,738
Vanguard Total Stock Market Shares Index ETF	Equity	—	1.46%	$68,765,765
ETFS FANG+ ETF	Equity	—	1.28%	$60,293,078
BHP GROUP LTD.	Equity	—	1.10%	$51,843,315
NORTHERN STAR RESOURCES LTD.	Equity	—	1.06%	$49,843,084
CSL LTD.	Equity	—	1.04%	$48,730,635
Fortescue Metals Group Ltd	Equity	—	0.97%	$45,425,449
COMMONWEALTH BANK OF AUSTRALIA	Equity	—	0.92%	$43,288,869
Perth Mint Gold - ETF	Equity	—	0.92%	$42,952,802
WOODSIDE ENERGY GROUP LTD.	Equity	—	0.87%	$40,988,970
Vanguard All-World ex-US Shares Index ETF	Equity	—	0.73%	$34,358,587
Liontown Resources Ltd	Equity	—	0.69%	$32,551,930
WESTPAC BANKING CORPORATION	Equity	—	0.67%	$31,460,274
BetaShares Australia 200 ETF	Equity	—	0.62%	$29,256,610
MESOBLAST LTD.	Equity	—	0.62%	$29,249,561
Vanguard Australian Shares High Yield ETF	Equity	—	0.61%	$28,858,406
NEWMONT CORP.	Equity	—	0.61%	$28,607,242
LYNAS RARE EARTHS LTD.	Equity	—	0.60%	$28,313,005
ANZ GROUP HOLDINGS LTD.	Equity	—	0.59%	$27,774,480
NATIONAL AUSTRALIA BANK LIMITED	Equity	—	0.58%	$27,052,633
MACQUARIE GROUP LTD.	Equity	—	0.57%	$26,880,718
EVOLUTION MINING LTD.	Equity	—	0.57%	$26,829,523
WESFARMERS LTD.	Equity	—	0.56%	$26,461,938
RIO TINTO LTD.	Equity	—	0.55%	$25,864,839
VAULT MINERALS LTD.	Equity	—	0.53%	$24,711,529
Telstra Corporation Limited	Equity	—	0.52%	$24,262,286
ZIP CO. LTD.	Equity	—	0.48%	$22,653,946
VanEck Vectors Gold Miners ETF/Australia	Equity	—	0.47%	$22,156,720
MINERAL RESOURCES LTD.	Equity	—	0.47%	$21,874,627
Betashares Global Shares ETF	Equity	—	0.44%	$20,497,811
iShares Global 100 ETF	Equity	—	0.41%	$19,385,413
Vanguard Diversified High Growth Index ETF	Equity	—	0.40%	$18,701,167
Vanguard MSCI Index Intl Shares Hedged ETF	Equity	—	0.39%	$18,259,227
VanEck MSCI International Quality ETF	Equity	—	0.38%	$17,893,435
WOOLWORTHS GROUP LTD	Equity	—	0.38%	$17,728,627
WISETECH GLOBAL LTD.	Equity	—	0.38%	$17,620,509
iShares Core S&P/ASX 200 ETF	Equity	—	0.36%	$16,756,774
PALADIN ENERGY LTD.	Equity	—	0.36%	$16,754,142
RAMELIUS RESOURCES LTD.	Equity	—	0.35%	$16,648,058
QANTAS AIRWAYS LTD.	Equity	—	0.34%	$15,766,442
SOUTH32 LTD.	Equity	—	0.33%	$15,486,082
WESTGOLD RESOURCES LTD.	Equity	—	0.32%	$14,958,909
iShares Asia 50 ETF	Equity	—	0.31%	$14,610,713
RESMED, INC.	Equity	—	0.31%	$14,543,984
BELLEVUE GOLD LTD.	Equity	—	0.29%	$13,646,725
SANTOS LTD.	Equity	—	0.29%	$13,561,475
DRONESHIELD LTD.	Equity	—	0.29%	$13,542,680
Washington H Soul Pattinson And Company Ltd	Equity	—	0.28%	$13,373,111
NEXTDC LTD.	Equity	—	0.28%	$12,913,656
Vanguard FTSE Emerging Markets ETF	Equity	—	0.27%	$12,810,508
Whitehaven Coal Ltd	Equity	—	0.27%	$12,592,549
Regis Resources NL	Equity	—	0.26%	$12,194,511
PERSEUS MINING LTD.	Equity	—	0.26%	$12,081,900
Global X Semiconductor ETF	Equity	—	0.26%	$12,064,530
BetaShares Global Cybersecurity ETF	Equity	—	0.25%	$11,734,407
BetaShares NASDAQ 100 ETF - Currency Hedged	Equity	—	0.25%	$11,731,970
WEEBIT NANO LTD.	Equity	—	0.24%	$11,063,670
ELEVRA LITHIUM LTD.	Equity	—	0.23%	$10,999,042
Core Lithium Limited	Equity	—	0.23%	$10,627,659
PRO MEDICUS LTD.	Equity	—	0.22%	$10,364,766
AGL ENERGY LTD.	Equity	—	0.22%	$10,269,889
iShares S&P 500 AUD Hedged ETF	Equity	—	0.22%	$10,167,135
TELIX PHARMACEUTICALS LTD.	Equity	—	0.21%	$10,052,112
QBE INSURANCE GROUP LTD.	Equity	—	0.21%	$9,686,629
Betashares Gold Bullion Currency Hedged ETF	Alternatives	—	0.21%	$9,623,213
XERO LTD.	Equity	—	0.20%	$9,321,477
COLES GROUP LTD.	Equity	—	0.20%	$9,165,150
BetaShares Global Sustainability Leaders ETF	Equity	—	0.19%	$8,932,471
ORIGIN ENERGY LTD.	Equity	—	0.19%	$8,904,601
FLIGHT CENTRE TRAVEL GROUP LTD.	Equity	—	0.19%	$8,878,640
LIFE360, INC.	Equity	—	0.19%	$8,790,091
IGO LTD.	Equity	—	0.18%	$8,403,475
BRAINCHIP HOLDINGS LTD.	Equity	—	0.17%	$8,153,874
A2 Milk Company Ltd	Equity	—	0.16%	$7,727,540
Vanguard Australian Property Securities Index ETF	Property	—	0.16%	$7,672,088
CHALICE MINING LTD.	Equity	—	0.16%	$7,619,080
WEST AFRICAN RESOURCES LTD.	Equity	—	0.16%	$7,557,255
DEEP YELLOW LTD.	Equity	—	0.16%	$7,535,492
GENESIS MINERALS LTD.	Equity	—	0.16%	$7,464,883
BOSS ENERGY LTD.	Equity	—	0.15%	$7,184,145
NEUREN PHARMACEUTICALS LTD.	Equity	—	0.15%	$7,121,805
ARISTOCRAT LEISURE LTD.	Equity	—	0.15%	$6,863,669
Arafura Rare Earths Ltd	Equity	—	0.15%	$6,834,998
RESOLUTE MINING LTD.	Equity	—	0.14%	$6,721,052
Australian Foundation Investment Co Limited	Equity	—	0.14%	$6,694,688
Vanguard MSCI Australian Small Companies Index ETF	Equity	—	0.14%	$6,556,501
SONIC HEALTHCARE LTD.	Equity	—	0.14%	$6,398,788
Hyperion Global Growth Companies Fund (Managed Fund) ETF	Equity	—	0.13%	$6,258,899
POLYNOVO LTD.	Equity	—	0.13%	$6,237,608
DOMINO'S PIZZA ENTERPRISES LTD.	Equity	—	0.13%	$6,224,610
APA GROUP	Infrastructure	—	0.13%	$6,182,447
iShares Core S&P Mid-Cap ETF	Equity	—	0.13%	$6,174,348
VULCAN ENERGY RESOURCES LTD.	Equity	—	0.13%	$6,167,994
GOODMAN GROUP	Property	—	0.13%	$6,072,111
Sandfire Resources Nl	Equity	—	0.13%	$6,032,553
JB HI-FI LTD.	Equity	—	0.13%	$6,011,345
ELECTRO OPTIC SYSTEMS HOLDINGS LTD.	Equity	—	0.13%	$6,009,674
BLOCK, INC.	Equity	—	0.13%	$6,006,762
New Hope Corporation Ltd	Equity	—	0.13%	$5,919,792
TRANSURBAN GROUP	Infrastructure	—	0.13%	$5,915,026
Technologyone Ltd	Equity	—	0.12%	$5,821,216
TREASURY WINE ESTATES LTD.	Equity	—	0.12%	$5,766,636
VanEck Australian Equal Weight ETF	Equity	—	0.12%	$5,730,745
State Street SPDR S&P/ASX 200 ETF	Equity	—	0.12%	$5,724,270
DEVELOP GLOBAL LTD.	Equity	—	0.12%	$5,515,809
Ioneer Ltd	Equity	—	0.12%	$5,458,387
ILUKA RESOURCES LTD.	Equity	—	0.12%	$5,444,632
WEBJET LTD	Equity	—	0.11%	$5,339,728
BEACH ENERGY LTD.	Equity	—	0.11%	$5,334,665
AMCOR PLC	Equity	—	0.11%	$5,241,206
COCHLEAR LTD.	Equity	—	0.11%	$5,173,580
SIGMA HEALTHCARE LTD.	Equity	—	0.11%	$5,108,247
GLOBAL X BATTERY TECH & LITHIUM ETF	Equity	—	0.11%	$5,027,908
Argo Investments Limited	Equity	—	0.10%	$4,808,338
CODAN LTD.	Equity	—	0.10%	$4,762,423
CAPRICORN METALS LTD.	Equity	—	0.10%	$4,690,727
BENDIGO & ADELAIDE BANK LTD.	Equity	—	0.10%	$4,686,134
SUNCORP GROUP LTD.	Equity	—	0.10%	$4,566,920
KAROON ENERGY LTD.	Equity	—	0.10%	$4,544,104
JAMES HARDIE INDUSTRIES PLC	Equity	—	0.10%	$4,482,386
Vanguard Australian Fixed Interest Index Fund ETF	Fixed Income	—	0.09%	$4,436,734
Endeavour Group Ltd/Australia	Equity	—	0.09%	$4,435,093
LOTUS RESOURCES LTD.	Equity	—	0.09%	$4,426,462
RAMSAY HEALTH CARE LTD.	Equity	—	0.09%	$4,402,512
SILEX SYSTEMS LTD.	Equity	—	0.09%	$4,365,598
Vanguard FTSE Europe Shares ETF	Equity	—	0.09%	$4,328,626
iShares Global Healthcare ETF	Equity	—	0.09%	$4,293,719
State Street SPDR MSCI AU Select HighDiv Yield ETF	Equity	—	0.09%	$4,208,153
iShares S&P/ASX 20 ETF	Equity	—	0.09%	$4,176,311
PMET RESOURCES, INC.	Equity	—	0.09%	$4,143,407
BANK OF QUEENSLAND LTD.	Equity	—	0.09%	$4,033,039
Betashares Global Robotics and Artificial Intelligence ETF	Equity	—	0.09%	$4,025,878
NICKEL INDUSTRIES LTD.	Equity	—	0.09%	$3,990,306
iShares S&P Small-Cap ETF	Equity	—	0.08%	$3,987,852
iShares China Large-Cap ETF	Equity	—	0.08%	$3,968,238
Vanguard FTSE Asia ex-Japan Shares Index ETF	Equity	—	0.08%	$3,904,064
Global X ROBO Global Robotics & Automation ETF	Equity	—	0.08%	$3,859,199
AMP LTD.	Equity	—	0.08%	$3,757,841
ELDERS LTD.	Equity	—	0.08%	$3,715,269
Corporate Travel Management Ltd	Equity	—	0.08%	$3,625,087
Rural Funds Group	Property	—	0.07%	$3,510,761
Betashares Global Shares Currency Hedged ETF	Equity	—	0.07%	$3,505,342
Star Entertainment Grp Ltd	Equity	—	0.07%	$3,489,501
MEGAPORT LTD.	Equity	—	0.07%	$3,453,822
Novonix Limited	Equity	—	0.07%	$3,445,997
ASX LTD.	Equity	—	0.07%	$3,425,750
BetaShares S&P/ASX Australian Technology ETF	Equity	—	0.07%	$3,354,097
iShares Core Composite Bond ETF	Fixed Income	—	0.07%	$3,335,455
REA GROUP LTD.	Equity	—	0.07%	$3,331,830
CLARITY PHARMACEUTICALS LTD.	Equity	—	0.07%	$3,303,778
NRW HOLDINGS LTD.	Equity	—	0.07%	$3,268,066
iShares MSCI Emerging Markets ETF	Equity	—	0.07%	$3,212,326
Yancoal Australia Ltd	Equity	—	0.07%	$3,143,241
SGH LTD.	Equity	—	0.07%	$3,131,984
MAGELLAN FINANCIAL GROUP LTD.	Equity	—	0.07%	$3,083,361
Global X India Nifty 50 ETF	Equity	—	0.07%	$3,067,058
Metrics Master Income Trust	Equity	—	0.07%	$3,058,428
IDP EDUCATION LTD.	Equity	—	0.06%	$3,047,459
Vanguard Australian Government Bond Index ETF	Fixed Income	—	0.06%	$2,938,574
BLUESCOPE STEEL LTD.	Equity	—	0.06%	$2,935,770
HUB24 LTD.	Equity	—	0.06%	$2,911,563
STRIKE ENERGY LTD.	Equity	—	0.06%	$2,879,625
AUSTAL LTD.	Equity	—	0.06%	$2,867,247
Vanguard Global Value Equity Active ETF	Equity	—	0.06%	$2,866,650
PERENTI LTD.	Equity	—	0.06%	$2,820,210
INGHAMS GROUP LTD.	Equity	—	0.06%	$2,790,150
SUPER RETAIL GROUP LTD.	Equity	—	0.06%	$2,785,838
COMPUTERSHARE LTD.	Equity	—	0.06%	$2,765,545
CHALLENGER LTD.	Equity	—	0.06%	$2,761,449
Worleyparsons Limited	Equity	—	0.06%	$2,737,520
BetaShares Australian Sustainability Leaders ETF	Equity	—	0.06%	$2,728,892
Bwp Trust	Property	—	0.06%	$2,702,745
Global X Morningstar Global Technology ETF	Equity	—	0.06%	$2,699,484
LOTTERY CORP. LTD.	Equity	—	0.06%	$2,635,950
INSURANCE AUSTRALIA GROUP LTD.	Equity	—	0.06%	$2,631,756
CLINUVEL PHARMACEUTICALS LTD.	Equity	—	0.06%	$2,631,328
Vanguard Diversified Conservative Index ETF	Equity	—	0.06%	$2,608,123
Carsales.Com Ltd	Equity	—	0.06%	$2,591,345
BRAMBLES LTD.	Equity	—	0.06%	$2,587,822
State Street SPDR S&P Global Dividend ETF	Equity	—	0.06%	$2,587,233
AMPOL LTD.	Equity	—	0.05%	$2,511,518
AUDINATE GROUP LTD.	Equity	—	0.05%	$2,481,094
MYER HOLDINGS LTD.	Equity	—	0.05%	$2,467,653
GRAINCORP LTD.	Equity	—	0.05%	$2,411,403
Lake Resources N.L.	Equity	—	0.05%	$2,303,432
ACCENT GROUP LTD.	Equity	—	0.05%	$2,301,211
AURIZON HOLDINGS LTD.	Equity	—	0.05%	$2,277,516
IPH LTD.	Equity	—	0.05%	$2,267,485
VanEck FTSE Global Infrastructure (Hedged) ETF	Infrastructure	—	0.05%	$2,244,094
Lendlease Group	Property	—	0.05%	$2,242,011
Emerald Resources NL NPV	Equity	—	0.05%	$2,227,598
METCASH LTD.	Equity	—	0.05%	$2,224,952
iShares MSCI EAFE ETF	Equity	—	0.05%	$2,172,830
iShares Core MSCI World All Cap ETF	Equity	—	0.05%	$2,167,948
ANSELL LTD.	Equity	—	0.05%	$2,136,380
BOTANIX PHARMACEUTICALS LTD.	Equity	—	0.04%	$2,097,806
ALKANE RESOURCES LTD.	Equity	—	0.04%	$2,093,650
ALCOA CORP.	Equity	—	0.04%	$2,079,158
NUFARM LTD.	Equity	—	0.04%	$2,078,126
CAPSTONE COPPER CORP.	Equity	—	0.04%	$2,077,405
Syrah Resources Ltd	Equity	—	0.04%	$2,074,277
VanEck MSCI Multifactor Emerging Markets Equity ETF	Equity	—	0.04%	$2,064,738
DICKER DATA LTD.	Equity	—	0.04%	$2,049,254
TYRO PAYMENTS LTD.	Equity	—	0.04%	$2,007,886
HARVEY NORMAN HOLDINGS LTD.	Equity	—	0.04%	$1,987,824
ORA BANDA MINING LTD.	Equity	—	0.04%	$1,986,136
Vaneck Vectors MSCI World ex Australia Quality Hedged ETF	Equity	—	0.04%	$1,965,674
DOWNER EDI LTD.	Equity	—	0.04%	$1,965,280
PERPETUAL LTD.	Equity	—	0.04%	$1,950,455
DPM METALS, INC.	Equity	—	0.04%	$1,935,066
NANOSONICS LTD.	Equity	—	0.04%	$1,929,714
Vanguard MSCI Australian Large Companies Index ETF	Equity	—	0.04%	$1,908,211
ORICA LTD.	Equity	—	0.04%	$1,898,939
KOGAN.COM LTD.	Equity	—	0.04%	$1,882,185
iShares Core FTSE Global Infrastructure (AUD Hedged) ETF	Equity	—	0.04%	$1,873,965
iShares Government Inflation ETF	Fixed Income	—	0.04%	$1,847,160
HMC CAPITAL LTD.	Equity	—	0.04%	$1,840,826
GREATLAND RESOURCES LTD.	Equity	—	0.04%	$1,832,729
GQG PARTNERS, INC.	Equity	—	0.04%	$1,832,510
AURELIA METALS LTD.	Equity	—	0.04%	$1,823,361
SCENTRE GROUP LTD	Property	—	0.04%	$1,819,965
KINGSGATE CONSOLIDATED LTD.	Equity	—	0.04%	$1,815,433
DEXUS	Property	—	0.04%	$1,808,619
VanEck Vectors Morningstar Wide Moat ETF	Equity	—	0.04%	$1,805,606
NICK SCALI LTD.	Equity	—	0.04%	$1,768,481
CENTURIA OFFICE REIT	Property	—	0.04%	$1,764,769
AUSSIE BROADBAND LTD.	Equity	—	0.04%	$1,737,485
BANNERMAN ENERGY LTD.	Equity	—	0.04%	$1,712,782
SELECT HARVESTS LTD.	Equity	—	0.04%	$1,711,226
VIVA ENERGY GROUP LTD.	Equity	—	0.04%	$1,708,693
DATA#3 LTD.	Equity	—	0.04%	$1,698,250
AP Eagers Limited	Equity	—	0.04%	$1,690,279
TPG TELECOM LTD.	Equity	—	0.04%	$1,689,438
Pantoro Ltd	Equity	—	0.04%	$1,686,189
TUAS LTD.	Equity	—	0.04%	$1,675,265
HEALIUS LTD.	Equity	—	0.04%	$1,672,199
AUCKLAND INTERNATIONAL AIRPORT LTD.	Equity	—	0.04%	$1,671,235
CHARTER HALL LONG WALE REIT	Property	—	0.04%	$1,667,304
CATALYST METALS LTD.	Equity	—	0.04%	$1,654,977
Renascor Resources Ltd	Equity	—	0.04%	$1,651,670
QUBE HOLDINGS LTD.	Equity	—	0.03%	$1,616,324
HELIA GROUP LTD.	Equity	—	0.03%	$1,614,558
NexGen Energy (Canada) Limited	Equity	—	0.03%	$1,604,484
NUIX LTD.	Equity	—	0.03%	$1,602,149
Global X EURO STOXX 50 ETF	Equity	—	0.03%	$1,563,342
G8 EDUCATION LTD.	Equity	—	0.03%	$1,545,911
Collins Foods Group Ltd	Equity	—	0.03%	$1,541,822
BAPCOR LTD.	Equity	—	0.03%	$1,538,126
Betashares Australian Major Bank Subordinated Debt ETF	Equity	—	0.03%	$1,534,849
iShares Global Consumer Staples ETF	Equity	—	0.03%	$1,531,555
iShares S&P/ASX High Dividend Index ETF	Equity	—	0.03%	$1,526,555
SERVICE STREAM LTD.	Equity	—	0.03%	$1,522,183
NIB HOLDINGS LTD.	Equity	—	0.03%	$1,521,198
iShares MSCI Japan ETF	Equity	—	0.03%	$1,520,366
Stanmore Resources LTD NPV	Equity	—	0.03%	$1,520,349
WA1 RESOURCES LTD.	Equity	—	0.03%	$1,491,053
Cettire Ltd NPV	Equity	—	0.03%	$1,489,925
BEGA CHEESE LTD.	Equity	—	0.03%	$1,479,367
BLACK CAT SYNDICATE LTD.	Equity	—	0.03%	$1,463,035
PINNACLE INVESTMENT MANAGEMENT GROUP LTD.	Equity	—	0.03%	$1,462,072
MCP Income Opportunities Trust	Equity	—	0.03%	$1,459,237
Vanguard Diversified Balanced Index ETF	Equity	—	0.03%	$1,451,708
ST BARBARA LTD.	Equity	—	0.03%	$1,444,295
Monash IVF Group Ltd	Equity	—	0.03%	$1,441,633
SPARK NEW ZEALAND LTD.	Equity	—	0.03%	$1,439,488
CHARTER HALL GROUP	Property	—	0.03%	$1,424,408
JUMBO INTERACTIVE LTD.	Equity	—	0.03%	$1,405,947
CLEANAWAY WASTE MANAGEMENT LTD.	Equity	—	0.03%	$1,398,631
iShares Europe ETF	Equity	—	0.03%	$1,389,274
IPERIONX LTD.	Equity	—	0.03%	$1,386,991
Imugene Limited	Equity	—	0.03%	$1,386,361
SEEK LTD.	Equity	—	0.03%	$1,384,980
AMPLITUDE ENERGY LTD.	Equity	—	0.03%	$1,381,259
DYNO NOBEL LTD.	Equity	—	0.03%	$1,378,846
PREDICTIVE DISCOVERY LTD.	Equity	—	0.03%	$1,376,116
LOVISA HOLDINGS LTD.	Equity	—	0.03%	$1,375,284
Light & Wonder Inc CDI 1:1 Foreign Exempt Xngs	Equity	—	0.03%	$1,366,132
ARB CORP. LTD.	Equity	—	0.03%	$1,363,703
Vanguard Australian Corporate Fixed Interest Index ETF	Fixed Income	—	0.03%	$1,359,190
SITEMINDER LTD.	Equity	—	0.03%	$1,347,474
MCMILLAN SHAKESPEARE LTD.	Equity	—	0.03%	$1,347,223
Medibank Private Ltd	Equity	—	0.03%	$1,339,303
FISHER & PAYKEL HEALTHCARE CORP. LTD.	Equity	—	0.03%	$1,293,887
MAYNE PHARMA GROUP LTD.	Equity	—	0.03%	$1,291,266
TABCORP HOLDINGS LTD.	Equity	—	0.03%	$1,290,053
NETWEALTH GROUP LTD.	Equity	—	0.03%	$1,269,253
Vanguard Diversified Growth Index ETF	Equity	—	0.03%	$1,266,663
CREDIT CORP. GROUP LTD.	Equity	—	0.03%	$1,258,468
Atlas Arteria Group	Infrastructure	—	0.03%	$1,244,229
BRAVURA SOLUTIONS LTD.	Equity	—	0.03%	$1,242,706
DALRYMPLE BAY INFRASTRUCTURE LTD.	Infrastructure	—	0.03%	$1,234,785
Argosy Minerals Ltd	Equity	—	0.03%	$1,233,513
FIREFLY METALS LTD.	Equity	—	0.03%	$1,231,971
L1 GROUP LTD.	Equity	—	0.03%	$1,224,954
IMMUTEP LTD.	Equity	—	0.03%	$1,215,125
Coronado Global Resources Inc	Equity	—	0.03%	$1,203,750
CENTURIA INDUSTRIAL REIT	Property	—	0.03%	$1,201,964
BREVILLE GROUP LTD.	Equity	—	0.03%	$1,197,101
Stockland Units/ord Stapled	Property	—	0.03%	$1,193,702
Vanguard International Fixed Interest Index (Hedged) ETF	Fixed Income	—	0.03%	$1,182,450
PWR HOLDINGS LTD.	Equity	—	0.03%	$1,181,975
ORORA LTD.	Equity	—	0.02%	$1,167,654
ALS LTD.	Equity	—	0.02%	$1,155,557
Appen Ltd	Equity	—	0.02%	$1,155,177
DETERRA ROYALTIES LTD.	Equity	—	0.02%	$1,126,731
SUPERLOOP LTD.	Equity	—	0.02%	$1,111,325
Macquarie Telecom Group Ltd	Equity	—	0.02%	$1,109,486
MONADELPHOUS GROUP LTD.	Equity	—	0.02%	$1,105,175
Mirvac Group Stapled Securities	Property	—	0.02%	$1,086,937
Talga Group Ltd	Equity	—	0.02%	$1,086,701
Arena Reit No 1	Property	—	0.02%	$1,078,587
EML Payments Limited	Equity	—	0.02%	$1,073,464
BKI Investment Co Ltd	Equity	—	0.02%	$1,058,952
VanEck MSCI International Sustainable Equity ETF	Equity	—	0.02%	$1,051,164
State Street SPDR S&P World ex Australia Carbon Aw	Equity	—	0.02%	$1,048,780
VENTIA SERVICES GROUP PTY. LTD.	Equity	—	0.02%	$1,048,128
STEADFAST GROUP LTD.	Equity	—	0.02%	$1,047,584
INSIGNIA FINANCIAL LTD.	Equity	—	0.02%	$1,043,000
ADAIRS LTD.	Equity	—	0.02%	$1,037,891
Opthea Ltd	Equity	—	0.02%	$1,036,819
Wildcat Resources Limited	Equity	—	0.02%	$1,033,923
JUDO CAPITAL HOLDINGS LTD.	Equity	—	0.02%	$1,027,206
Qualitas Real Estate Income Fund NPV	Property	—	0.02%	$1,017,615
PEXA GROUP LTD.	Equity	—	0.02%	$1,010,097
BetaShares Australian Composite Bond ETF	Fixed Income	—	0.02%	$1,003,818
TEMPLE & WEBSTER GROUP LTD.	Equity	—	0.02%	$997,915
VanEck Australian Property ETF	Property	—	0.02%	$982,498
Alpha HPA Ltd NPV	Equity	—	0.02%	$976,716
CROMWELL PROPERTY GROUP	Property	—	0.02%	$945,884
HANSEN TECHNOLOGIES LTD.	Equity	—	0.02%	$943,177
WEBJET GROUP LTD.	Equity	—	0.02%	$942,514
VanEck MSCI Australian Sustainable Equity ETF	Equity	—	0.02%	$939,297
Humm Group Ltd	Equity	—	0.02%	$933,133
PREMIER INVESTMENTS LTD.	Equity	—	0.02%	$928,439
REECE LTD.	Equity	—	0.02%	$913,893
METALS X LTD.	Equity	—	0.02%	$907,613
Redox Ltd/Australia	Equity	—	0.02%	$882,731
iShares S&P/ASX Small Ordinaries ETF	Equity	—	0.02%	$873,266
NINE ENTERTAINMENT CO. HOLDINGS LTD.	Equity	—	0.02%	$867,356
DIGICO INFRASTRUCTURE REIT	Property	—	0.02%	$866,974
MA FINANCIAL GROUP LTD.	Equity	—	0.02%	$845,546
Sunrise Energy Metals Ltd	Equity	—	0.02%	$843,110
Catapult Group International Ltd	Equity	—	0.02%	$825,472
IMDEX LTD.	Equity	—	0.02%	$792,370
REGIS HEALTHCARE LTD.	Equity	—	0.02%	$781,375
DEXUS INDUSTRIA REIT	Property	—	0.02%	$775,511
Vanguard International Credit Securites Index (Hedged) ETF	Fixed Income	—	0.02%	$742,877
Vicinity Centres	Property	—	0.02%	$737,098
Charter Hall Retail	Property	—	0.02%	$723,552
SMARTGROUP CORP. LTD.	Equity	—	0.02%	$715,379
VanEck Vectors FTSE International Property (Hedged) ETF	Equity	—	0.02%	$710,217
Barrow Hanley Global Share ETF	Equity	—	0.02%	$709,063
Horizon Oil Ltd	Equity	—	0.02%	$705,519
GROWTHPOINT PROPERTIES AUSTRALIA LTD.	Property	—	0.02%	$704,357
MAAS GROUP HOLDINGS LTD.	Equity	—	0.01%	$703,022
WCM Quality Global Growth ETF	Equity	—	0.01%	$695,496
CHAMPION IRON LTD.	Equity	—	0.01%	$694,614
SKYCITY Entertainment Group Ltd	Equity	—	0.01%	$675,205
METEORIC RESOURCES NL	Equity	—	0.01%	$663,372
29Metals Ltd	Equity	—	0.01%	$662,414
GPT Group Stapled Securities Fully Paid	Property	—	0.01%	$660,823
CALIX, INC.	Equity	—	0.01%	$653,646
NATIONAL STORAGE REIT	Property	—	0.01%	$646,371
Sims Metal Management Limited	Equity	—	0.01%	$643,970
StateStreet SPDR DowJones Gbl RE ESG Tilted ETF	Property	—	0.01%	$641,219
AUSTRALIAN ETHICAL INVESTMENT LTD.	Equity	—	0.01%	$627,962
Charter Hall Education Trust	Property	—	0.01%	$627,439
AUSTRALIAN CLINICAL LABS LTD.	Equity	—	0.01%	$624,107
RIDLEY CORP. LTD.	Equity	—	0.01%	$603,776
KELSIAN GROUP LTD.	Equity	—	0.01%	$597,907
CHORUS LTD.	Equity	—	0.01%	$590,075
Carnarvon Petroleum Ltd	Equity	—	0.01%	$589,734
FLETCHER BUILDING LTD.	Equity	—	0.01%	$579,596
Healthco Healthcare and Wellness RE NPV	Property	—	0.01%	$574,628
State Street SPDR S&P Worldex AU CarbonAware H ETF	Equity	—	0.01%	$572,138
IVE Group Ltd	Equity	—	0.01%	$553,635
Southern Cross Media Group	Equity	—	0.01%	$544,827
State Street SPDR S&P/ASX 50 ETF	Equity	—	0.01%	$537,801
INTEGRAL DIAGNOSTICS LTD.	Equity	—	0.01%	$537,634
Betmakers Technology Group Limited	Equity	—	0.01%	$531,008
MYSTATE LTD.	Equity	—	0.01%	$528,917
EMECO HOLDINGS LTD.	Equity	—	0.01%	$522,210
RELIANCE WORLDWIDE CORP. LTD.	Equity	—	0.01%	$508,493
GUZMAN Y GOMEZ LTD.	Equity	—	0.01%	$507,996
OOH!MEDIA LTD.	Equity	—	0.01%	$502,269
Jupiter Mines Limited	Equity	—	0.01%	$498,063
Australian Agricultural Company Limited	Equity	—	0.01%	$494,569
AUSTRALIAN STRATEGIC MATERIALS LTD.	Equity	—	0.01%	$489,753
Perpetual Credit Income Trust	Equity	—	0.01%	$482,799
Centuria Capital Ltd	Property	—	0.01%	$482,113
Macquarie Core Australian Equity Active ETF	Equity	—	0.01%	$457,710
GENERATION DEVELOPMENT GROUP LTD.	Equity	—	0.01%	$455,980
HOMECO DAILY NEEDS REIT	Property	—	0.01%	$454,631
SOUTHERN CROSS GOLD CONSOLIDATED LTD.	Equity	—	0.01%	$448,303
News Corp - Class B	Equity	—	0.01%	$436,548
AUSTRALIAN FINANCE GROUP LTD.	Equity	—	0.01%	$427,075
Region Re Ltd	Property	—	0.01%	$415,292
MACMAHON HOLDINGS LTD.	Equity	—	0.01%	$413,306
AUB GROUP LTD.	Equity	—	0.01%	$397,597
INFRATIL LTD.	Equity	—	0.01%	$396,866
Magellan Infrastructure Fund (Currency Hedged) (Managed Fund) ETF	Equity	—	0.01%	$395,081
FLEETPARTNERS GROUP LTD.	Equity	—	0.01%	$390,721
RPMGLOBAL HOLDINGS LTD.	Equity	—	0.01%	$390,169
EQT HOLDINGS LTD.	Equity	—	0.01%	$389,184
SRG GLOBAL LTD.	Equity	—	0.01%	$384,060
ActiveX Ardea Real Outcome Bond Fund (Managed Fund) ETF	Fixed Income	—	0.01%	$382,027
ABACUS GROUP	Property	—	0.01%	$365,369
AMOTIV LTD.	Equity	—	0.01%	$362,514
Resolution Capital Global Property Securities Fund (Managed Fund) ETF	Equity	—	0.01%	$361,220
GRANGE RESOURCES LTD.	Equity	—	0.01%	$341,456
QORIA LTD.	Equity	—	0.01%	$330,249
Bubs Australia Ltd	Equity	—	0.01%	$327,728
PROPEL FUNERAL PARTNERS LTD.	Equity	—	0.01%	$322,905
Southern Cross Media Group	Equity	—	0.01%	$318,120
NAVIGATOR GLOBAL INVESTMENTS LTD.	Equity	—	0.01%	$310,486
GWA GROUP LTD.	Equity	—	0.01%	$298,958
iShares Core MSCI Australia ESG Leaders ETF	Equity	—	0.01%	$297,841
LIFESTYLE COMMUNITIES LTD.	Equity	—	0.01%	$290,037
OFX GROUP LTD.	Equity	—	0.01%	$289,747
SUPPLY NETWORK LTD.	Equity	—	0.01%	$285,648
OMNI BRIDGEWAY LTD.	Equity	—	0.01%	$285,442
BetaShares Western Asset Australian Bond Fund (Managed Fund) ETF	Fixed Income	—	0.01%	$276,148
IRESS LTD.	Equity	—	0.01%	$274,371
WAYPOINT REIT LTD.	Property	—	0.01%	$266,444
Starpharma Holdings Limited	Equity	—	0.01%	$248,967
MGX Resources Limited	Equity	—	0.01%	$247,716
Avita Therapeutics Inc	Equity	—	0.01%	$243,234
Coast Entertainment Holdings Limited	Equity	—	0.00%	$226,650
GDI Property Group	Property	—	0.00%	$217,528
Baby Bunting Group Ltd	Equity	—	0.00%	$210,619
Pointsbet Holdings Ltd	Equity	—	0.00%	$204,655
Solvar Ltd	Equity	—	0.00%	$197,812
RICEGROWERS LTD.	Equity	—	0.00%	$196,961
Paradigm Biopharmaceuticals Ltd	Equity	—	0.00%	$191,316
EBOS GROUP LTD.	Equity	—	0.00%	$186,780
REGAL PARTNERS LTD.	Equity	—	0.00%	$186,642
Aspen Group Ord/units Stapled	Property	—	0.00%	$171,158
PRAEMIUM LTD.	Equity	—	0.00%	$168,379
VIRGIN AUSTRALIA HOLDINGS LTD.	Equity	—	0.00%	$167,888
EVT LTD.	Equity	—	0.00%	$164,611
INGENIA COMMUNITIES GROUP	Property	—	0.00%	$160,503
GENTRACK GROUP LTD.	Equity	—	0.00%	$160,006
Cash Converters International	Equity	—	0.00%	$152,077
OBJECTIVE CORP. LTD.	Equity	—	0.00%	$150,125
BetaShares Aus Top 20 Eq Yld Maximiser Complex ETF	Equity	—	0.00%	$149,919
AMA Group Limited	Equity	—	0.00%	$145,047
HASTINGS TECHNOLOGY METALS LTD	Equity	—	0.00%	$139,485
ABACUS STORAGE KING	Property	—	0.00%	$132,176
Focus Minerals Ltd	Equity	—	0.00%	$130,064
CEDAR WOODS PROPERTIES LTD.	Equity	—	0.00%	$129,761
Neometals Limited	Equity	—	0.00%	$101,046
COBRAM ESTATE OLIVES LTD.	Equity	—	0.00%	$91,118
FAR Ltd	Equity	—	0.00%	$89,489
BCI Minerals Ltd	Equity	—	0.00%	$85,413
Prodigy Gold NL	Equity	—	0.00%	$74,581
Servcorp Ltd	Equity	—	0.00%	$74,120
Articore Group Limited	Equity	—	0.00%	$69,564
FLEETWOOD LTD.	Equity	—	0.00%	$67,452
TERRACOM LTD	Equity	—	0.00%	$65,585
Fineos Corporation Holdings Plc	Equity	—	0.00%	$65,331
MaxiTRANS Industries Ltd	Equity	—	0.00%	$62,742
Ainsworth Game Technology Limited	Equity	—	0.00%	$58,593
Dubber Corporation Limited	Equity	—	0.00%	$49,543
Vulcan Steel Limited NPV	Equity	—	0.00%	$38,246
City Chic Collective Ltd	Equity	—	0.00%	$37,839
Mercury Nz Ltd	Equity	—	0.00%	$32,346
PPK Group Limited	Equity	—	0.00%	$29,555
Falcon Metals Ltd	Equity	—	0.00%	$27,397
Morella Corporation Ltd	Equity	—	0.00%	$27,255
Buru Energy Ltd	Equity	—	0.00%	$26,447
Medical Developments International Limited	Equity	—	0.00%	$24,876
Clean TeQ Water Ltd	Equity	—	0.00%	$24,494
AERIS RESOURCES LTD.	Equity	—	0.00%	$24,481
Ryzon Materials Ltd	Equity	—	0.00%	$22,293
Retail Food Group Limited	Equity	—	0.00%	$21,883
WAM Capital Ltd	Equity	—	0.00%	$21,228
Troy Resources Ltd - Delisted	Equity	—	0.00%	$20,026
Central Petroleum Ltd	Equity	—	0.00%	$18,365
Phoslock Environmental Technologies Ltd	Equity	—	0.00%	$17,813
Syntara Limited	Equity	—	0.00%	$17,225
MINERALS 260 LIMIT	Equity	—	0.00%	$16,576
INTEGRATED RESEARCH LTD.	Equity	—	0.00%	$16,213
Energy Resources of Australia Limited	Equity	—	0.00%	$14,253
Molopo Energy Limited - Delisted	Equity	—	0.00%	$13,730
Noumi Ltd	Equity	—	0.00%	$12,425
Energy World Corporation Ltd	Equity	—	0.00%	$11,379
UNIVERSAL STORE HOLDINGS LTD.	Equity	—	0.00%	$10,736
Synlait Milk Ltd	Equity	—	0.00%	$10,540
ImpediMed Ltd	Equity	—	0.00%	$9,860
Highfield Resources Ltd	Equity	—	0.00%	$9,451
KMD Brands Limited	Equity	—	0.00%	$9,020
Bathurst Resources Ltd	Equity	—	0.00%	$8,889
Energy Transition Minerals Ltd	Equity	—	0.00%	$8,703
5E Advanced Materials Inc.	Equity	—	0.00%	$8,193
Matrix Composites & Engineering Ltd	Equity	—	0.00%	$6,561
Shine Corporate Ltd	Equity	—	0.00%	$6,438
Pacific Current Group Ltd	Equity	—	0.00%	$6,434
OM Holdings Limited	Equity	—	0.00%	$6,023
Castile Resources Pty Ltd	Equity	—	0.00%	$5,877
5G Networks Limited	Equity	—	0.00%	$5,267
TERRACOM LTD - Rights 19/01/2025	Equity	—	0.00%	$5,248
BETR ENTERTAINMENT LTD.	Equity	—	0.00%	$5,035
Kore Potash PLC	Equity	—	0.00%	$5,025
ARN MEDIA LIMITED	Equity	—	0.00%	$4,552
Tanami Gold Nl	Equity	—	0.00%	$4,524
METAL BANK LIMITED	Equity	—	0.00%	$4,082
BOWEN COKING COAL LTD	Equity	—	0.00%	$3,893
Austin Engineering Ltd	Equity	—	0.00%	$3,669
NZME Limited	Equity	—	0.00%	$3,509
Kingsrose Mining Limited	Equity	—	0.00%	$3,339
Sky Network Television Ltd	Equity	—	0.00%	$3,216
Nico Resources Limited	Equity	—	0.00%	$2,903
Juno Minerals Ltd	Equity	—	0.00%	$2,790
Li-S Energy Limited	Equity	—	0.00%	$2,695
Hillgrove Resources Ltd	Equity	—	0.00%	$2,501
Cyclone Metals Ltd	Equity	—	0.00%	$2,327
Avecho Biotechnology Ltd	Equity	—	0.00%	$1,853
Duketon Mining Ltd	Equity	—	0.00%	$1,706
Reckon Ltd	Equity	—	0.00%	$1,682
S2 Resources Ltd	Equity	—	0.00%	$1,468
Alexium International Group Ltd	Equity	—	0.00%	$1,371
Boom Logistics Limited	Equity	—	0.00%	$1,225
Pancontinental Oil & Gas NL	Equity	—	0.00%	$1,195
AIC MINES LTD.	Equity	—	0.00%	$996
Alterity Therapeutics Ltd	Equity	—	0.00%	$560
Acrux Limited	Equity	—	0.00%	$551
Danakali Ltd - Delisted	Equity	—	0.00%	$542
White Energy Company Limited	Equity	—	0.00%	$100
Toro Energy Limited	Equity	—	0.00%	$99
ACROW LTD.	Equity	—	0.00%	$91
WAGNERS HOLDING CO. LTD.	Equity	—	0.00%	$90
Future Generation Australia Limited	Infrastructure	—	0.00%	$83
Silver Chef Ltd	Equity	—	0.00%	$72
Brookside Energy Ltd	Equity	—	0.00%	$41
Freedom Oil and Gas Ltd - Delisted	Equity	—	0.00%	$14
Ovato Limited - Delisted	Equity	—	0.00%	$6
AJ Lucas Group Ltd	Equity	—	0.00%	$3
LCL Resources Limited	Equity	—	0.00%	$2
Pure Foods Tasmania Ltd	Equity	—	0.00%	$1

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.