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

Investment objective
The goal of the Fund is to take advantage of the opportunities created by developments in information technology and telecommunications. 

The Fund’s portfolio will invest in companies around the world, including providers of computing, networking and telecommunications equipment, software, semi-conductors and related capital equipment providers, IT services, as well as network operators, content providers and “Internet” based businesses. 

Platinum aims to provide capital growth over the long term.

Where is the Fund’s money invested?
The Fund primarily invests in technology and telecom securities listed on share markets around the world.  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.   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:

	wish to participate in a diversified portfolio of companies engaged principally in the information technology and telecommunications industries
	are an aggressive Investor who can endure great fluctuations in unit prices (and underlying investments). Whilst the global IT industry has tended to grow faster than the world economy on account of rapid innovation, it is innovation and the prospect of substitution and or obsolescence that raises risk levels.  A carefully constructed portfolio may ameliorate only some of these risks.
	believe in the long term wealth creation potential of share investments.

Minimum suggested time horizon
Five or more years

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