Quarterly Redemptions Schedule

Redemptions are generally processed quarterly on the last business day of each quarter. Withdrawal requests must be received by 5:00pm Sydney time, 40 calendar days prior to the relevant Redemption Day.

REDEMPTIONS SCHEDULE

IMPORTANT NOTES

1. Valuation timing: The Fund’s NAV per unit is generally calculated as at the last business day of each month. The valuation of the Underlying Fund is typically available on or around 30 calendar days after month end. Accordingly, the Fund’s NAV per unit is expected to be available on or around 35 calendar days after the relevant month end. The timing of valuations is indicative only and may vary depending on the timing and availability of information from the Underlying Fund.
2. Business days: References to business days are to days on which banks are open for business in New South Wales. If a scheduled cut-off date or valuation date falls on a weekend or a New South Wales public holiday, the relevant date is taken to be the preceding New South Wales business day.

REDEMPTIONS EXAMPLE (DECEMBER 2026)

Redemption Process – Footnotes

1. If the withdrawal request cut‑off or Redemption Day falls on a weekend or NSW public holiday, the relevant date will be the preceding NSW Business Day.
2. Withdrawal requests must be received by the applicable cut‑off to be considered for the relevant Redemption Day. Requests received after the cut‑off will be processed on the next available Redemption Day.
3. Redemptions are processed quarterly at the NAV determined as at the last Business Day of the relevant calendar quarter (Redemption Day), in accordance with the Fund’s Constitution and Information Memorandum.
4. Redemptions are subject to a quarterly redemption cap, generally limited to 5% of the Fund’s lowest monthly NAV for the previous quarter. Where redemption requests exceed this cap, requests may be scaled back, deferred or not accepted in accordance with the Fund’s Constitution and Information Memorandum.
5. Where a redemption request is accepted, redemption proceeds are normally paid within approximately 55 calendar days after the relevant Redemption Day. This timeframe is not guaranteed and may be extended in accordance with the Fund’s Constitution.
6. The Responsible Entity has discretion to accept, reject, limit, defer or suspend redemptions in certain circumstances, including where required to ensure fair treatment of investors or where liquidity is constrained.
7. This one‑pager is provided for consultant and wholesale discussions only and is intended as a high‑level summary. Investors should refer to the Information Memorandum and Constitution for full details.

DISCLOSURES

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Updated Fees & Costs Disclosure – June 2025