Announcements and Reports from Carlton Investments

TOP THIRTY EQUITY INVESTMENTS
as at 31March 2025

Entity Investment	Market Value $000's	% of Total
EVT Ltd	512,598	40.2%
Commonwealth Bank of Australia	105,896	8.3%
National Australia Bank Ltd	86,634	6.8%
Westpac Banking Corporation	61,523	4.8%
Wesfarmers Ltd	51,647	4.0%
BHP Group Ltd	35,725	2.8%
ANZ Group Holdings Ltd	34,594	2.7%
James Hardie Industries Plc	26,078	2.1%
Telstra Group Ltd	25,955	2.0%
Origin Energy Ltd	17,782	1.4%
Rio Tinto Ltd	17,233	1.4%
Bank of Queensland Ltd	16,566	1.3%
AGL Energy Ltd	15,838	1.3%
Fortescue Ltd	14,333	1.1%
Bendigo and Adelaide Bank Ltd	14,121	1.1%
Santos Ltd	13,270	1.0%
Coles Group Ltd	12,700	1.0%
Amcor Plc	12,590	1.0%
SGH Ltd	12,430	1.0%
Woodside Energy Group Ltd	11,659	0.9%
Bluescope Steel Ltd	10,901	0.9%
Orica Ltd	10,596	0.8%
Gowing Brothers Ltd	10,295	0.8%
APA Group	7,901	0.6%
Perpetual Ltd	7,867	0.6%
Macquarie Group Ltd	6,876	0.5%
Ansell Ltd	6,791	0.5%
South32 Ltd	6,720	0.5%
Woolworths Group Ltd	5,382	0.4%
IPH Ltd	4,833	0.4%
	1,177,334	92.4%

TOTAL EQUITY INVESTMENTS	1,255,395	98.4%
TERM DEPOSITS & CASH	20,784	1.6%
TOTAL INVESTMENTS & CASH	1,276,179	100.0%

Investments updated each quarter