Lonsec

The Lonsec ratings issued - 09/2023, 4D Global Infrastructure Fund (Unhedged); 09/2023, 4D Global Infrastructure Fund (AUD Hedged); 09/2023, Quay Global Real Estate Fund (Unhedged); 09/2023, Quay Global Real Estate Fund (Unhedged); 09/2023, Bennelong Australian Equities Fund; 09/2023, Bennelong Concentrated Australian Equities Fund; 09/2023, Bennelong ex-20 Australian Equities Fund; 09/23, Bennelong Twenty20 Australian Equities Fund; 09/2023, Bennelong Emerging Companies Fund; 10/2023, Touchstone Index Unaware Fund; 04/2023, Skerryvore Global Emerging Markets All-Cap Equity Fund are published by Lonsec Research Pty Ltd ABN 11 151 658 561 AFSL 421 445 (Lonsec). Ratings are general advice only, and have been prepared without taking account of your objectives, financial situation or needs. Consider your personal circumstances, read the product disclosure statement and seek independent financial advice before investing. The rating is not a recommendation to purchase, sell or hold any product. Past performance information is not indicative of future performance. Ratings are subject to change without notice and Lonsec assumes no obligation to update. Lonsec uses objective criteria and receives a fee from the Fund Manager. Visit lonsec.com.au for ratings information and to access the full report. © 2022 Lonsec. All rights reserved.

Zenith

The Zenith Investment Partners (ABN 27 103 132 672, AFS Licence 226872) (“Zenith”) ratings (assigned 04/2023, 4D Global Infrastructure Fund (Unhedged); 04/2023, 4D Global Infrastructure Fund (AUD Hedged); 07/2023, Quay Global Real Estate Fund (Unhedged); 07/2023, Quay Global Real Estate Fund (AUD Hedged); 07/2023, Bennelong Australian Equities Fund; 06/2023, Bennelong Concentrated Australian Equities Fund; 06/2023, Bennelong ex-20 Australian Equities Fund; 06/2023, Bennelong Twenty20 Australian Equities Fund; 03/2023, Bennelong Emerging Companies Fund; 03/2023, Touchstone Index Unaware Fund; 11/2023, Skerryvore Global Emerging Markets All-Cap Equity Fund, 02/23; Bennelong Long Short Equity Fund; 02/23, Bennelong Market Neutral Fund) 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 Fund Research Regulatory Guidelines.

SQM

The SQM ratings contained in this document are issued by SQM Research Pty Ltd ABN 93 122 592 036. SQM Research is an investment research firm that undertakes research on investment products exclusively for its wholesale clients, utilising a proprietary review and star rating system. The SQM Research star rating system is of a general nature and does not take into account the particular circumstances or needs of any specific person. The rating may be subject to change at any time. Only licensed financial advisers may use the SQM Research star rating system in determining whether an investment is appropriate to a person’s particular circumstances or needs. You should read the product disclosure statement and consult a licensed financial adviser before making an investment decision in relation to this investment product. SQM Research receives a fee from the Fund Manager for the research and rating of the managed investment scheme.