12 November 2026 - PDS Update

Airlie Australian Share Fund – Active ETF (ASX: AASF) | APIR MGE9705AU

This investor update (Update) is issued by Barrenjoey Investment Management Limited as the responsible entity for the Airlie Australian Share Fund (ARSN 623 378 487) (Fund).

This Update constitutes an update to the Product Disclosure Statement (PDS) for the Fund, pursuant to ASIC Corporations (Updated Product Disclosure Statements) Instrument 2016/1055 on the basis that the information contained is not materially adverse. This update relates to a change in the range of stocks the Fund typically holds.

Effective 12 November 2026, all references to “15–35 stocks” in the PDS for the Fund are replaced with “25–40 stocks”. All other statements in the PDS for the Fund remain unchanged.

This Update should be read together with the PDS and Target Market Determination for the Fund, which are available at barrenjoeyinvestmentmanagement.com or by calling +61 2 9235 4888.