Cooper Investors Global Equities Fund (Unhedged) - Cooper Investors Pty Limited on Altius Minerals

Altius Minerals is a diversified royalty owner with exposure to potash, copper, lithium, electricity, iron ore, and gold. Cooper holds it in the Real Assets pool to provide a return source backed by hard assets and less correlated with the fund's compounding and reversionary holdings. Commodity strength supported the investment during the financial year. The fund remains enthusiastic about the business but has trimmed some gains to diversify into additional infrastructure and midstream assets.