Life Cycle – 2025 Pinnacle Insights Series

This communication is prepared byLifeCycleInvestment Partners (‘LCIP’), a Corporate Authorised Representative (No.1311923) of Pinnacle Investment Management Limited (‘PIML’) (ABN 66 109 659 109, AFSL 322140),as the investment manager of theLifeCycleConcentrated Global Share Fund(ARSN680 560 258)andLifeCycleGlobal Share Fund(ARSN680 560 918)(the ‘Funds’) and is intended to advisers only. Pinnacle Fund Services Limited(‘PFSL’)(ABN 29 082 494 362, AFSL 238371)is the product issuer of the Funds and is a wholly owned subsidiary of Pinnacle Investment Management Group Limited (‘Pinnacle’) (ABN 22 100 325 184). PFSL is not licensed to provide financial product advice.

The information contained in this communication is general information only and does not take into account your objectives, financial situation or needs. Before making a decision to acquire, or continue to hold units in, the Funds, you should consider the Product Disclosure Statement (PDS) and Target Market Determination (TMD)which are available athttps://lcip.com/ or by calling 1300 010 311. For historic TMDs, please contact Pinnacle Client Services via phone 1300 010 311 or emailservice@pinnacleinvestment.com.Any persons relying on this information should obtain professional advice before doing so and consider the appropriateness of the information having regard to your specific circumstances.Past performance is not a reliable indicator of future performance and the repayment of capital is not guaranteed. Any opinions and forecasts reflect the judgment and assumptions of LCIP and its representatives based on information available as at the date of publication and may later change without notice.

WhilstLCIP, PFSL and Pinnacle believe the information contained in this communication is reliable, no warranty is given as to its accuracy, reliability or completeness and persons relying on this information do so at their own risk.To the extent permitted by law,LCIP, PFSL and Pinnacle disclaim all liability to any person relying on the information contained in this communication in respect of any loss or damage (including consequential loss or damage), however caused, which may be suffered or arise directly or indirectly in respect of such information.Unauthorised use, copying, distribution, replication, posting, transmitting, publication, display, or reproduction in whole or in partof the information contained in this communication is prohibited without obtaining prior written permission fromLCIP.

Evestment data represents performance of strategies that the LCIP investment team managed at its previous firm Royal London Asset Management from January 2017 –April 2024. The strategies shown are the Royal London Global Diversified Strategy, named Global Equity in this presentation, and the Royal London Global Select Strategy, named Global Equity Select in this presentation.

The Zenith Investment Partners (ABN 27 103 132 672, AFS Licence 226872) (“Zenith”) rating (Life Cycle Global Share Fund – Class A (APIR: WHT0246AU); Life Cycle Concentrated Global Share Fund – Class A (APIR: WHT8756AU); Life Cycle Concentrated Global ShareFund – Class P (APIR: WHT4721AU) assigned October 2024) 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 situationor 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 shouldseek 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 offerdocument 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 conductProduct Assessments. Full details regarding Zenith’s methodology, ratings definitions and regulatory compliance are available on our Product Assessments and at Fund Research Regulatory Guidelines.

The rating issued 12/2024 is 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. © 2024 Lonsec. All rights reserved.