Portfolio Snapshots

We are an international equities manager, and we invest with a truly global outlook.

Here is a snapshot of the current portfolio disposition of our flagship Platinum Trust Funds and their key holdings.

Platinum Unhedged Fund

Platinum Unhedged Fund is a long-only global fund with A$297.0 million under management^ and a track record of delivering 11.0% compound return annually since inception (on 28/1/2005).*

The fund gives investors exposure to undervalued companies across the globe, including both developed and emerging markets, and is unconstrained by industry sector. Its portfolio consists largely of the manager’s best high conviction stock ideas drawn from all the Platinum Trust Funds.

The fund does not undertake any currency hedging – its currency exposure is determined by the currencies in which the fund’s securities holdings and cash holdings are denominated, which means that its global equity exposure also provides substantial currency diversification.

Platinum Unhedged Fund employs a long-only strategy and does not undertake any short-selling. Cash holdings (typically no more than 25% of the fund’s net asset value) provide the portfolio with a degree of protection in market downturns.

For a long/short global strategy with actively managed currency positions, you may wish to consider the Platinum International Fund, or find out more about our other global strategy offerings.

Industry Breakdown1
SectorLong %Net %
Financials 17.9 17.9
Industrials 17.5 17.5
Communication Services 13.3 13.3
Information Technology 8.7 8.7
Energy 8.1 8.1
Consumer Staples 6.8 6.8
Health Care 3.5 3.5
Consumer Discretionary 3.1 3.1
Real Estate 2.5 2.5
Materials 1.6 1.6
Top 10 Positions3
StockCountryIndustry%
Jiangsu Yanghe Brewery JSC Ltd China Consumer Staples 3.7
Applus Services SA Spain Industrials 3.5
Facebook Inc USA Communication Services 3.1
Kweichow Moutai Co Ltd China Consumer Staples 3.1
Alphabet Inc USA Communication Services 3.0
IHS Markit Ltd USA Industrials 3.0
PICC Property & Casualty Co Ltd China Financials 2.9
Sanofi SA France Health Care 2.5
China Overseas land & Investment Ltd China Real Estate 2.5
KB Financial Group Inc Korea Financials 2.4
“China” indicates a company whose business is predominantly based in mainland China, regardless of whether its securities are listed on exchanges within or outside of mainland China.
Disposition of Assets2
Long %Net %Currency%
Austria 3.6 3.6 -
Brazil 0.2 0.2 0.2
Canada 1.6 1.6 1.6
China 6.8 6.8 6.8
China Ex PRC 16.8 16.8 -
France 3.0 3.0 -
India 6.6 6.6 6.6
Ireland 0.5 0.5 -
Italy 1.2 1.2 -
Japan 3.2 3.2 12.2
Korea 3.7 3.7 3.7
Russia 0.7 0.7 -
Spain 3.5 3.5 -
Switzerland 1.2 1.2 -
United Kingdom 3.4 3.4 2.8
United States 26.9 26.9 37.5
Australian Dollar - - 0.5
Euro Currency - - 14.1
Hong Kong Dollar - - 13.2
Norwegian Krone - - 0.8
Long: 57 stocks, 1 swap.
Top 10 Positions3
StockCountryIndustry%
Jiangsu Yanghe Brewery JSC Ltd China Consumer Staples 3.7
Applus Services SA Spain Industrials 3.5
Facebook Inc USA Communication Services 3.1
Kweichow Moutai Co Ltd China Consumer Staples 3.1
Alphabet Inc USA Communication Services 3.0
IHS Markit Ltd USA Industrials 3.0
PICC Property & Casualty Co Ltd China Financials 2.9
Sanofi SA France Health Care 2.5
China Overseas land & Investment Ltd China Real Estate 2.5
KB Financial Group Inc Korea Financials 2.4
“China” indicates a company whose business is predominantly based in mainland China, regardless of whether its securities are listed on exchanges within or outside of mainland China.
All data as at [31 May 2019] .
  1. “Long %” represents the Fund’s effective exposures to the relevant sectors as a percentage of the Fund’s NAV, taking into account direct stock holdings and long derivative positions (stocks and indices). As the Fund does not undertake short-selling, the Fund’s net exposures (“Net %”) are the same as its long exposures (“Long %”).
  2. “Long %” represents the Fund’s effective exposures to the relevant regions as a percentage of NAV through stock holdings and long derivatives (stocks and indices). As the Fund does not undertake short-selling, the Fund’s net exposures (“Net %”) are the same as its long exposures (“Long %”). “Currency %” represents the Fund’s effective exposures to the relevant currencies as a percentage of NAV through stock holdings and cash.
  3. The “Top 10 Positions” table shows the Fund’s top 10 long stock positions as a percentage of the Fund's NAV, taking into account direct stock holdings and long derivative positions.