The reports that included the ratings were published by Lonsec Research Pty Ltd ABN 11 151 658 561 AFSL 421 445 (Lonsec) for MPL0001AU on 16/04/2025, ADV0046AU, MPL1039AU and MPL1241AU on 20/11/2025, MPL0006AU and MPL0008AU on 06/01/2026 . 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. 

The Morningstar Medalist Rating™ for the Maple-Brown Abbott Global Listed Infrastructure Fund is ‘Silver’ as of  24 June 2025.
The Morningstar Medalist Rating™ for the Maple-Brown Abbott Global Listed Infrastructure Fund (Hedged) is ‘Silver’ as of  24 June 2025.
The Morningstar Medalist Rating™ for the Maple-Brown Abbott Australian Small Companies Fund is ‘Bronze’ as of  27 April 2026.  

© 2026 Morningstar, Inc. All rights reserved. Neither Morningstar, its affiliates, nor the content providers guarantee the data or content contained herein to be accurate, complete or timely nor will they have any liability for its use or distribution. Any general advice or ‘class service’ have been prepared by Morningstar Australasia Pty Ltd (ABN: 95 090 665 544, AFSL: 240892) and/or Morningstar Research Ltd, subsidiaries of Morningstar, Inc, without reference to your objectives, financial situation or needs. Refer to our Financial Services Guide (FSG) for more information at www.morningstar.com.au. You should consider the advice in light of these matters and if applicable, the relevant Product Disclosure Statement before making any decision to invest. Our publications, ratings and products should be viewed as an additional investment resource, not as your sole source of information. Past performance does not necessarily indicate a financial product’s future performance. To obtain advice tailored to your situation, contact a professional financial adviser. 

Morningstar Awards 2026 © Morningstar, Inc. All Rights Reserved. Awarded to Maple-Brown Abbott for Fund Manager of the Year – Domestic Equities – Small Caps. 

The Zenith Investment Partners (ABN 27 103 132 672, AFS Licence 226872) (“Zenith”) ratings assigned as follows: Maple-Brown Abbott Australian Share Fund – Wholesale (ADV0046AU) – June 2025, Maple-Brown Abbott Australian Small Companies Fund (MPL1241AU) – February 2026, Maple-Brown Abbott Australian Value Opportunities Fund (MPL1039AU) – June 2025, Maple-Brown Abbott Global Listed Infrastructure Fund (MPL0006AU) – March 2026, Maple-Brown Abbott Global Listed Infrastructure Fund – Hedged (MPL0008AU) – March 2026 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.