Monthly report – August 2025

Monthly fund update

Key points

• T8 Energy Vision ended August up 2.5% (in Australian dollars, hedged to the Australian dollar), outperforming global equities.

• We maintain our positive outlook for the electricity sector which is driven by structural, secular and cyclical tailwinds all converging.

• Rising electricity demand represents a compelling opportunity for investors. Being led by the boom in data centres (a secular electricity demand growth trend) and the electrification of road transport (a structural electricity demand shift), the winners will include energy generation, grid infrastructure, energy storage and electrification (as well as their direct supply chains, including critical minerals).

Please note that the detailed performance and positioning disclosures included on the second page of our report is now only available to unit holders in the fund.