Netwealth and Heine entities cut stake in ARC Funds

Netwealth Group Limited and Heine Brothers Pty Ltd, known as the Netwealth and Heine Entities, have announced a change in their substantial holding in ARC Funds Limited. Their combined voting power decreased from 8.92% to 7.63%, a reduction of 445,762 fully paid ordinary shares. The previous notice of their holding was dated November 13, 2025, and the change occurred on December 22, 2025.

The reduction involved multiple "Sell" transactions between November 17, 2025, and December 15, 2025, with total consideration received of $58,981.98. The largest individual transaction occurred on November 17, 2025, where 227,272 shares were sold for $24,995.80.

Following these changes, Netwealth Superannuation Service Pty Ltd, as trustee of the Netwealth Superannuation Master Fund (NSMF), now holds 5,289,042 ordinary shares. Netwealth Investments Limited acts as custodian for NSS, while Netwealth Group Limited and Netwealth Holdings Limited retain deemed relevant interests as holding companies of NSS. The Heine Entities also maintain a deemed relevant interest through their control of Netwealth Group Limited.