1 The Zenith Investment Partners (ABN 27 103 132 672, AFS Licence 226872) (“Zenith”) rating (assigned ZUR0064AU June 2025) referred to in this piece is limited to “General Advice” (s766B Corporations Act 2001) for Wholesale clients only. This advice has been prepared without taking into account the objectives, financial situation or needs of any individual, including target markets of financial products, where applicable, and is subject to change at any time without prior notice. It is not a specific recommendation to purchase, sell or hold the relevant product(s). Investors should seek independent financial advice before making an investment decision and should consider the appropriateness of this advice in light of their own objectives, financial situation and needs. Investors should obtain a copy of, and consider the PDS or offer document before making any decision and refer to the full Zenith Product Assessment available on the Zenith website. Past performance is not an indication of future performance. Zenith usually charges the product issuer, fund manager or related party to conduct Product Assessments. Full details regarding Zenith’s methodology, ratings definitions and regulatory compliance are available on our Product Assessments and at http://www.zenithpartners.com.au/RegulatoryGuidelines
2 Z Series Australian Property Securities Fund received a Morningstar Medalist Rating™ of ‘Gold’ on 27-04-2026. © 2026 Morningstar. All rights reserved. The information, data, analyses and opinions contained herein (1) include the confidential and proprietary information of Morningstar, its affiliates and/or its content providers, (2) may not be copied or redistributed, (3) do not constitute investment advice offered by Morningstar, (4) are provided solely for informational purposes and therefore are not an offer to buy or sell a security, and (5) are not warranted to be complete, accurate or timely; (6) has been prepared by Morningstar Australasia Pty Ltd (ABN: 95 090 665 544, AFSL: 240892). Neither Morningstar nor its affiliates or content providers are responsible for any trading decisions, damages or other losses resulting from, or related to, this information, data, analyses or opinions or their use or distribution. Past performance is no guarantee of future results. Any general advice has been provided without reference to your investment objectives, financial situations or needs. For more information refer to our Financial Services Guide at www.morningstar.com.au/s/fsg.pdf. To obtain advice tailored to your situation, contact a financial advisor. You should consider the advice in light of these matters and if applicable the relevant Product Disclosure Statement before making any decision to invest.