Prices & Performance

Platinum Trust Funds:  C Class = standard fee class. P Class = performance fee class.
Fund returns are calculated using the net asset value per unit (which does not include the buy/sell spread) of the stated unit class of the fund and represent the combined income and capital returns of the stated unit class over the specified period. Returns are net of accrued fees and costs, are pre-tax, and assume the reinvestment of distributions.

PMC and PAI: Investment returns are calculated using the company’s pre-tax net tangible asset (NTA) backing per share (as released to the ASX) and represent the combined income and capital returns of the company’s investments over the specified period. Returns are net of accrued fees and costs, and assume the reinvestment of dividends. Note that performance is not calculated based on the company’s share price.

PIXX and PAXX: Fund returns are calculated using the fund’s net asset value per unit (which does not include the buy/sell spread) and represent the fund’s combined income and capital returns over the specified period. Returns are net of accrued fees and costs, are pre-tax, and assume the reinvestment of distributions.

Platinum Global Fund: Fund returns are calculated using the fund’s net asset value per unit (which does not include the buy/sell spread) and represent the fund’s combined income and capital returns over the specified period. Returns are net of accrued fees and costs, are pre-tax, and assume the reinvestment of distributions.

MLC Platinum Global Fund: Fund returns are calculated using the fund’s net asset value per unit (which does not include the buy/sell spread) and represent the fund’s combined income and capital returns over the specified period. Returns are net of accrued fees and costs, are pre-tax, and assume the reinvestment of distributions.

Platinum Fund Limited and Platinum Japan Fund Limited: Investment returns reflect the change in the net asset value per share. They are net of all fees and expenses.
^ The stated portfolio value of Platinum Fund Limited reflects all of the assets within The Platinum Master Portfolio Limited, the master fund into which Platinum Fund Limited, a feeder fund, invests substantially all of its assets. The stated portfolio value of Platinum Japan Fund Limited reflects all of the assets within The Platinum Japan Master Fund Limited, the master fund into which Platinum Japan Fund Limited, a feeder fund, invests substantially all of its assets. Platinum Investment Management Limited is the Investment Adviser to both of these master funds.

All “p.a.” returns are annualised except for PIXX's and PAXX's returns, which are cumulative.

For the purposes of calculating the “since inception” returns of the above indices, the inception date of an AUD-based index is taken to be the same as the inception date of C Class of the relevant Platinum Trust Fund for which that particular index is used as a reference benchmark. For the MSCI AC World Net Index in A$, the inception date of C Class of the Platinum International Fund is used.  

Where applicable, the gross MSCI indices were used prior to 31 December 1998 as the net MSCI indices did not exist then. Index returns assume the reinvestment of dividends from constituent companies, but do not reflect fees and expenses. Platinum does not invest by reference to the weightings of any index or benchmark, and index returns are provided as a reference only. A fund’s or a company’s underlying assets are chosen through Platinum’s bottom-up investment process and, as a result, the fund’s or the company’s holdings may vary considerably to the make-up of the index that is used as its reference benchmark.

The investment returns shown are historical and no warranty can be given for future performance. Historical performance is not a reliable indicator of future performance. Due to the volatility in a fund’s or an investment company’s underlying assets and other risk factors associated with investing, investment returns can be negative, particularly in the short-term.

Source: Platinum Investment Management Limited for fund and company returns and FactSet for MSCI index returns.

All data where MSCI is referenced is the property of MSCI Inc. No use or distribution of this data is permitted without the written consent of MSCI Inc. This data is provided “as is” without any warranties by MSCI Inc. MSCI Inc. assumes no liability for or in connection with this data. See Terms and Conditions for full MSCI disclaimer.