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 around the world.

Where is the Fund’s money invested?
The Fund primarily invests in securities listed on share markets around the world. The Portfolio will consist typically of 30 to 50 stocks that Platinum believes to be undervalued by the market.

The Fund's Portfolio will typically have about 90% exposure to stocks. The Fund's Portfolio is constructed in accordance with 'Platinum's Investment Methodology', except that no risk management of either markets or currencies will be undertaken. The geographic disposition of the assets will determine the Fund's currency exposure.

The Fund's Portfolio is constructed by the senior analysts of Platinum's investment team under one analyst's chairmanship. Since inception, the Portfolio has generally held 50 stocks with limited commonality to the Platinum International Fund. On account of the relatively concentrated nature of the Portfolio, holdings that carry great conviction will generally be larger than in the Platinum's "risk managed" products (i.e. the other Platinum Trust Funds).

The Fund may use Derivatives to achieve long equity exposure.

This Fund may be suited to you if you

	construct your own portfolios and wish to capture the alpha (stock market out-performance) generated by a long-only Fund ie. you have no wish for the fund manager to provide protection against stock market or currency "risk";
	believe in the long-term wealth creation potential of share investments;
	wish to achieve investment diversification by accessing international share market opportunities; and
	accept that returns over the shorter term may fluctuate and that returns may even be negative.

Minimum suggested time horizon
Five or more years

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

Specific Investment Restrictions for the Fund:
The following investment restrictions have been set by Platinum for the Fund:

	No market risk management will be undertaken for the Fund i.e. no short selling of indices or stocks.
	No currency management will be undertaken for the Fund i.e. the disposition of the assets will determine the Fund's currency exposure.