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Z SERIES BY RUSSELL INVESTMENTS

Z Series Global Growth Share Fund

The Z Series Global Growth Share Fund is an international share fund designed for long-term investors who want to capitalise on the unique opportunities presented by companies with sustainable earnings acceleration.

Overview

The Z Series Global Growth Share Fund invests in securities with high growth potential that are primarily listed on international stock exchanges.

The Fund aims to:

  • provide investors with long-term capital growth by investing in securities listed on international stock exchanges
  • outperform the MSCI World (ex-Australia) Accumulation Index in $A (net dividends reinvested) over periods of five or more years.

Ratings

Zenith recommended green quality badge graphic

Recommended1

Morningstar bronze rating badge graphic

Morningstar Medalist Rating™ :
Bronze as at 27 April 20262

Analyst Driven % – 100
Data Coverage % – 100

Recommended Lonsec Research circular badge icon

Recommended3

About the manager

American Century Investments was appointed in 2009 to manage the Z Series Global Growth Share Fund.

American Century Investments were established in 1958. They have a truly unique ownership structure where over 40% of the company is owned by The Stowers Institute for Medical Research, which allows strong philanthropic support for cancer research.

The Fund is managed with the belief that accelerating growth in revenues and earnings results in significant potential for stock price appreciation. The focus is on inflection points in company fundamentals with a process designed to uncover stocks that can outperform as earnings growth accelerates, market expectations rise and multiples expand.

1 The Zenith Investment Partners (ABN 27 103 132 672, AFS Licence 226872) (“Zenith”) rating (assigned ZUR0580AU November 2025, ZUR0581AU November 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 https://www.zenithpartners.com.au/RegulatoryGuidelines

2 Z Series Global Growth Share Fund received a Morningstar Medalist Rating of ‘Bronze’ 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.

3 The reports that included the ratings were published by Lonsec Research Pty Ltd ABN 11 151 658 561 AFSL 421 445 (Lonsec) for ZUR0580AU, ZUR0581AU and ZUR0621AU on the 31/03/2026. Lonsec receives a fee from fund managers for the reparation of reports. The report / rating is general advice only. An investor should be aware that: a) the advice has been prepared without taking into account an investors’ objectives, financial situation or needs; b) an investor should consider the appropriateness of the advice having regard to their own objectives, financial situation or needs before acting on the advice; and c) an investor should obtain a PDS relating to the product, consider the PDS and seek independent financial advice before making any decision about whether to acquire the product. The rating is not a recommendation to purchase, sell or hold any product. Past performance is not a reliable indicator of future Performance. Ratings are prepared based on information available at the time of preparation and may be subject to change by Lonsec without notice. Visit lonsec.com.au for important documents (FSG, Conflicts Statement). © 2026 Lonsec. All rights reserved.

Russell Investments' ownership is composed of a majority stake held by funds managed by TA Associates Management, L.P., with a significant minority stake held by funds managed by Reverence Capital Partners, L.P. Certain of Russell Investments' employees and Hamilton Lane Advisors, LLC also hold minority, non-controlling, ownership stakes.

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