Announcements and Reports from Carlton Investments

TOP THIRTY EQUITY INVESTMENTS
as at 31March 2025

Entity Investment	Market Value $000's	% of Total
EVT Ltd	409,771	36.9%
Commonwealth Bank of Australia	86,510	7.8%
National Australia Bank Ltd	74,880	6.7%
Westpac Banking Corporation	57,362	5.2%
Wesfarmers Ltd	43,884	3.9%
BHP Group Ltd	37,134	3.3%
ANZ Group Holdings Ltd	34,511	3.1%
James Hardie Industries Plc	24,064	2.2%
Telstra Group Ltd	22,576	2.0%
Rio Tinto Ltd	18,578	1.7%
AGL Energy Ltd	17,124	1.5%
Origin Energy Ltd	16,406	1.5%
Fortescue Ltd	14,417	1.3%
Bank of Queensland Ltd	14,352	1.3%
Amcor Plc	13,601	1.2%
Coles Group Ltd	11,902	1.1%
Bendigo and Adelaide Bank Ltd	11,875	1.1%
Santos Ltd	11,537	1.0%
SGH Ltd	11,414	1.0%
Woodside Energy Group Ltd	11,407	1.0%
Gowing Brothers Ltd	10,578	0.9%
Bluescope Steel Ltd	10,038	0.9%
Orica Ltd	9,237	0.8%
Perpetual Ltd	8,433	0.8%
APA Group	7,640	0.7%
Ansell Ltd	7,587	0.7%
South32 Ltd	7,436	0.7%
Macquarie Group Ltd	5,911	0.5%
Woolworths Group Ltd	5,112	0.5%
Ampol Ltd	4,068	0.4%
	1,019,345	91.7%

TOTAL EQUITY INVESTMENTS	1,086,399	97.8%
TERM DEPOSITS & CASH	24,646	2.2%
TOTAL INVESTMENTS & CASH	1,111,044	100.0%

Investments updated each quarter