Morningstar Australian Shares Fund Q22021 Performance Update All data and information as at Portfolio Date: 30/06/2021

Risk Profile: High Investment Objective Inception: 1 July 2016* Management Fees and Costs**: Up to 0.36%*** To achieve meaningful capital growth over the medium to long term, while minimising Performance Fees: Nil*** the risk of permanent capital loss, by investing predominantly in listed Australian Transaction Costs: 0.01%*** shares. Buy-Sell Spread: 0.06%/0.07%

Investment Strategy Fund (post-fee) S&P/ASX 300 TR 17,500 16,750 The Fund invests predominantly in listed Australian shares with the aim of producing 16,000 superior long-term total returns relative to the benchmark. To achieve this aim, 15,250 Morningstar constructs a well-diversified portfolio of companies that exhibit desirable 14,500 fundamental quality and/or value characteristics. 13,750 13,000 12,250 11,500 10,750 10,000 06/2017 06/2018 06/2019 06/2020 06/2021

Past performance is not a reliable indicator of future performance. Returns over 12 months are annualised.

How the investment portfolio has performed

5 yr (% p.a) 3yr (% p.a) 1yr (%) 3mth (%) 1mth (%)

Fund (post-fee)^ 10.25 10.45 30.10 9.49 3.60 S&P/ASX 300 TR 11.26 9.77 28.49 8.48 2.25

Risk Since Inception Sector Contribution Over the Year Max Sharpe Time Period: 1/07/2020 to 30/06/2021 Std Dev Drawdown Ratio Fund 15.47 -29.03 0.58 Cash S&P/ASX 300 TR 14.60 -26.98 0.68 Communication Services Sector Exposure Consumer Discretionary Portfolio Date: 30/06/2021 Energy Consumer Staples Materials Energy Industrials Consumer Discretionary Financials

Consumer Staples Health Care Healthcare Industrials Financials Information Technology Information Technology Communication Services Materials Utilities Real Estate Real Estate

0.0 5.0 10.0 15.0 20.0 25.0 30.0 Utilities -5.00 0.00 5.00 10.00 Morningstar Australian Shares Fund S&P/ASX 300 TR *The inception date used is 1 July 2016, the full implementation of the Fund's strategy. **The Management Fees and Costs is inclusive of GST (after taking into account Reduced Input Tax Credits. A portion of this fee can be negotiated for wholesale clients. The portfolio may include exchange traded funds which charge management fees and these are an additional cost to individual investors and impact their return. This and any other excluded indirect costs incurred by the portfolio is captured within 'Management Fees and Costs' above. ***All fees are expressed as a percentage of net asset value of the Fund excluding accrued fees. ^Performance measures are expressed after fees, costs and before taxes. Performance may not sum due to the rounding of individual components. Morningstar Australian Shares Fund - Top 30 Holdings

Portfolio Date: 30/06/2021

Portfolio Sector Weighting %

Reece Ltd Industrials 4.70 Group PLC DR Financials 4.14 Codan Ltd Information Technology 3.96 Ltd Financials 3.17 Australia and New Zealand Banking Group Ltd Financials 3.02 Ltd Information Technology 3.01 Pendal Group Ltd Financials 2.93 Ltd Materials 2.87 Platinum Asset Management Ltd Financials 2.76 ARB Corp Ltd Consumer Discretionary 2.72 JB Hi Fi Ltd Consumer Discretionary 2.68 Perpetual Ltd Financials 2.60 Hansen Technologies Ltd Information Technology 2.46 Ltd Materials 2.42 CSR Ltd Materials 2.39 Brambles Ltd Industrials 2.35 Seek Ltd Communication Services 2.26 Premier Investments Ltd Consumer Discretionary 2.23 Healius Ltd Health Care 2.23 .com Ltd Communication Services 2.20 Breville Group Ltd Consumer Discretionary 2.19 Bapcor Ltd Consumer Discretionary 2.13 Ltd Communica