Monthly Update
Fact Sheet
Offer Document
Financial Statements
Distribution – Tax Components

Investment objective
Platinum aims to provide capital growth over the long term through searching out undervalued listed and unlisted investments in Japanese and Korean companies.

Where is the Fund’s money invested?
The Fund primarily invests in Japanese and Korean companies’ listed securities.  These companies may list their securities on stock exchanges other than those in Japan or Korea and the Fund may invest in them.  The portfolio may invest in companies not listed in Japan or Korea but where their predominant business is conducted in Japan or Korea.  The portfolio ideally will consist of 50 to 100 stocks that Platinum believes to be undervalued by the market.  Where undervalued stocks cannot be found funds may be invested in cash.  The proportion of Korean securities in the portfolio will be limited to a maximum of 25% of the value of the portfolio, at the time of investment.  Platinum may short sell shares that it considers overvalued. 
Typically, the Fund’s portfolio will have 50% or more net exposure to stocks.  The Fund’s portfolio is constructed in accordance with Platinum’s Investment Methodology.

This Fund may be suited to you if you:

	believe in the long term wealth creation potential of share investments
	wish to achieve investment diversification by accessing Japanese and Korean share market opportunities
	accept that returns over the short term may fluctuate and even be negative at certain times within the investment cycle.

Minimum suggested time horizon
Five or more years

Income distribution
The Fund distributes its income annually as at 30 June.