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Platinum Asia Fund (Quoted Managed Hedge Fund)

ASX: PAXX

Quoted on the ASX and accessible through brokers, PAXX provides a simple and convenient means for investors to gain exposure to an actively managed, diversified portfolio of Asian (ex-Japan) companies across industry sectors.

Fund assets A$90.8m^ As at 31 Mar 2024

Inception date 12 Sep 2017

Return 5.8% p.a.* Compound since inception

iNAV A$4.3722 Intra-day iNAV per unit# As at 24 Apr 2024 4:14pm

Investment Objective

FUND OVERVIEW

Investment Objective

To provide capital growth over the long term by providing exposure to undervalued listed investments in the Asian region (excluding Japan).

Investment Strategy

PAXX is a feeder fund into the underlying fund, the unlisted Platinum Asia Fund (PAF) that primarily invests in listed securities of Asian companies (excluding Japan).

PAF's portfolio will ideally consist of 30 to 80 securities that Platinum believes to be undervalued by the market. Cash may be held when undervalued securities cannot be found and Platinum may short-sell securities that it considers overvalued.

The key investment guidelines for PAF are summarised below. For further details, please refer to the latest Product Disclosure Statement.


*Source: Platinum. The return is calculated using the net asset value per unit of the fund. It is net of accrued fees and costs, pre-tax, and assumes the reinvestment of distributions. Historical performance is not a reliable indicator of future performance.
#The indicative net asset value (iNAV) per unit is calculated and updated throughout the ASX trading day, having regard to the underlying fund’s portfolio holdings and foreign exchange movements. The actual price at which units in the fund are traded on the ASX AQUA market may not reflect either the NAV per unit or the iNAV per unit. Refer to the fund's Product Disclosure Statement for further details on iNAV.

UPDATES & REPORTS

Latest Fund Information

Quarterly Investment Manager's Report

March 2024

Monthly Investment Update

March 2024

Distribution & Tax Statement

June 2023

Financial Statements

December 2023

PLATINUM ASIA FUND (QUOTED MANAGED HEDGE FUND)

ASX Announcements

05 Apr 2024 Updated Target Market Determination
04 Apr 2024 Monthly redemptions and units on issue March 2024
18 Mar 2024 PAXX - Platinum Trust Supplementary PDS
18 Mar 2024 PAXX - Platinum Quoted Managed Funds Supplementary PDS
06 Mar 2024 Monthly redemptions and units on issue February 2024
29 Feb 2024 Disclosure of Portfolio Holdings Dec 2023
26 Feb 2024 2024 Interim Financial Report
06 Feb 2024 Monthly redemptions and units on issue January 2024
05 Jan 2024 Monthly Redemptions and net units on issue December 2023
19 Dec 2023 Target Market Determinations
06 Dec 2023 Monthly redemptions and units on issue November 2023
30 Nov 2023 Disclosure of Portfolio Holdings Sep 2023
06 Nov 2023 Monthly redemptions and units on issue October 2023
09 Oct 2023 Platinum Quoted Managed Funds Product Disclosure Statement
05 Oct 2023 Monthly redemptions and units on issue September 2023
29 Sep 2023 Platinum Trust Replacement Product Disclosure Statement
06 Sep 2023 Monthly redemptions and units on issue August 2023
31 Aug 2023 Disclosure of Portfolio Holdings Jun 2023
30 Aug 2023 PAXX 2023 Annual Report
04 Aug 2023 Monthly redemptions and units on issue July 2023
06 Jul 2023 Monthly redemptions and units on issue June 2023
06 Jul 2023 Final distribution for the financial year ended 30 June 2023
27 Jun 2023 PAXX - Estimated distribution and key dates for the financial year ended 30 June 2023
06 Jun 2023 Monthly redemptions and units on issue May 2023
31 May 2023 Disclosure of Portfolio Holdings Mar 2023
04 May 2023 Monthly redemptions and units on issue April 2023
06 Apr 2023 Monthly redemptions and units on issue March 2023
31 Mar 2023 Platinum Trust Supplementary Product Disclosure Statement - issue date 3 April
06 Mar 2023 Monthly redemptions and units on issue February 2023
28 Feb 2023 Disclosure of Portfolio Holdings Dec 2022
27 Feb 2023 PAXX Interim Financial Report 31 Dec 2022
06 Feb 2023 Monthly redemptions and units on issue January 2023
06 Jan 2023 Monthly redemptions and units on issue December 2022
06 Dec 2022 Monthly redemptions and units on issue November 2022
30 Nov 2022 Quarterly Portfolio Disclosure - September 2022
04 Nov 2022 Monthly redemptions and units on issue October 2022
28 Oct 2022 Platinum Trust Product Disclosure Statement (C Class, P Class and E Class)
07 Oct 2022 Monthly redemptions and units on issue September 2022
16 Sep 2022 Platinum Quoted Managed Funds® Product Disclosure Statement
07 Sep 2022 Monthly redemptions and units on issue August 2022
31 Aug 2022 PAXX Quarterly Portfolio Disclosure - 30 June 2022
31 Aug 2022 PAXX Annual Financial Report 30 Jun 2022
04 Aug 2022 Monthly redemptions and units on issue July 2022
07 Jul 2022 Monthly redemptions and units on issue June 2022
05 Jul 2022 Final distribution for the financial year ended 30 June 2022
27 Jun 2022 PAXX - Estimated distribution and key dates for the financial year ended 30 June 2022
06 Jun 2022 Monthly redemptions and units on issue May 2022
31 May 2022 PAXX Quarterly Portfolio Disclosure - 31 March 2022
05 May 2022 Monthly redemptions and units on issue April 2022
07 Apr 2022 Monthly redemptions and units on issue March 2022
04 Mar 2022 Monthly redemptions and units on issue February 2022
28 Feb 2022 PAXX Quarterly Portfolio Disclosure - 31 December 2021
25 Feb 2022 PAXX Interim Financial Report 31 Dec 2021
04 Feb 2022 Monthly redemptions and units on issue January 2022
06 Jan 2022 Monthly redemptions and units on issue December 2021
06 Dec 2021 Monthly redemptions and units on issue November 2021
30 Nov 2021 PAXX Quarterly Portfolio Disclosure - 30 September 2021
04 Nov 2021 Monthly redemptions and units on issue October 2021
01 Nov 2021 Change in agency market making arrangements
07 Oct 2021 Monthly redemptions and units on issue September 2021
01 Oct 2021 Disclosure Document
06 Sep 2021 Monthly redemptions and units on issue August 2021
31 Aug 2021 PAXX Quarterly Portfolio Disclosure - 30 June 2021
31 Aug 2021 PAXX Annual Financial Report 30 Jun 2021
06 Aug 2021 Monthly redemptions and units on issue July 2021
07 Jul 2021 Monthly redemptions and units on issue June 2021
06 Jul 2021 QMF Final Distribution Table 2021
06 Jul 2021 2021 Final Distribution
25 Jun 2021 2021 Estimated Distribution
04 Jun 2021 Monthly redemptions and units on issue May 2021
31 May 2021 PAXX Quarterly Portfolio Disclosure - 31 March 2021
20 May 2021 Platinum Quoted Managed Funds Product Disclosure Statement (“Funds”)
14 May 2021 Disclosure Document
06 May 2021 Monthly redemptions and units on issue April 2021
08 Apr 2021 Monthly redemptions and units on issue March 2021
04 Mar 2021 Monthly redemptions and units on issue February 2021
26 Feb 2021 PAXX Quarterly Portfolio Disclosure - 31 December 2020
25 Feb 2021 PAXX Interim Financial Report 31 Dec 2020
08 Feb 2021 Second Supplementary Product Disclosure Statement
05 Feb 2021 Platinum Asia Fund PDS inc SPDS & SSPDS (Master Fund)
04 Feb 2021 Monthly redemptions and units on issue January 2021
01 Feb 2021 PAXX Announcement
07 Jan 2021 Monthly redemptions and units on issue December 2020
29 Dec 2020 Resignation of Portfolio Manager
04 Dec 2020 Monthly redemptions and units on issue Nov 2020
30 Nov 2020 PAXX Quarterly Portfolio Disclosure - 30 September 2020
26 Nov 2020 Platinum Asia Fund PDS inc SPDS (Master Fund of PAXX)
05 Nov 2020 Monthly redemptions and units on issue Oct 2020
07 Oct 2020 Monthly redemptions and units on issue Sep 2020
17 Sep 2020 Correction to PAXX Annual Financial Report 30 June 2020
07 Sep 2020 Monthly redemptions and units on issue August 2020
01 Sep 2020 PAXX Annual Financial Report 30 Jun 2020
31 Aug 2020 PAXX Quarterly Portfolio Disclosure - 30 June 2020
07 Aug 2020 Monthly redemptions and units on issue July 2020
07 Jul 2020 Monthly redemptions and units on issue June 2020
07 Jul 2020 2020 Final Distribution
04 Jun 2020 Monthly redemptions and units on issue May 2020
31 May 2020 PAXX Quarterly Portfolio Disclosure - 31 March 2020
06 May 2020 Monthly redemptions and units on issue Apr 2020
06 Apr 2020 Monthly redemptions and units on issue Mar 2020
03 Mar 2020 Monthly redemptions and units on issue Feb 2020
28 Feb 2020 PAXX Quarterly Portfolio Disclosure - 31 December 2019
28 Feb 2020 PAXX Interim Financial Report 31 Dec 2019
07 Feb 2020 Monthly redemptions and units on issue Jan 2020
07 Jan 2020 Monthly redemptions and units on issue Dec 2019
05 Dec 2019 Monthly redemptions and units on issue Nov 2019
05 Dec 2019 PAXX Quarterly Portfolio Disclosure - 30 September 2019
15 Nov 2019 Platinum Asia Fund PDS (Master Fund of PAXX)
06 Nov 2019 Monthly redemptions and units on issue Oct 2019
03 Oct 2019 Monthly redemptions and units on issue Sep 2019
13 Sep 2019 PAXX Annual Financial Report 30 Jun 2019
05 Sep 2019 Monthly redemptions and units on issue Aug 2019
30 Aug 2019 PAXX Quarterly Portfolio Disclosure - 30 June 2019
07 Aug 2019 Monthly redemptions and units on issue Jul 2019
05 Jul 2019 Monthly redemptions and units on issue Jun 2019
03 Jul 2019 2019 Final Distributions
26 Jun 2019 Estimated Distribution - June 2019
06 Jun 2019 Monthly redemptions and units on issue May 2019
31 May 2019 PAXX Quarterly Portfolio Disclosure - 31 March 2019
30 May 2019 30 June 2019 Estimated Distribution and Key Dates
06 May 2019 Monthly redemptions and units on issue Apr 2019
04 Apr 2019 Monthly redemptions and units on issue Mar 2019
06 Mar 2019 Monthly redemptions and units on issue Feb 2019
28 Feb 2019 PAXX Quarterly Portfolio Disclosure - 31 Dec 2018
07 Jan 2019 Monthly redemptions and units on issue Dec 2018
07 Dec 2018 Monthly redemptions and units on issue Nov 2018
30 Nov 2018 PAXX Quarterly Portfolio Disclosure - 30 September 2018
07 Nov 2018 Monthly redemptions and units on issue Oct 2018
22 Oct 2018 Second Supplementary Product Disclosure Statement
16 Oct 2018 Platinum Asia Fund PDS inc SPDS & SSPDS (Master of PAXX)
04 Oct 2018 Monthly redemptions and units on issue Sep 2018
07 Sep 2018 Monthly redemptions and units on issue Aug 2018
31 Aug 2018 PAXX Quarterly Portfolio Disclosure - 30 June 2018
06 Aug 2018 Monthly redemptions and units on issue Jul 2018
05 Jul 2018 Monthly redemptions and units on issue Jun 2018
03 Jul 2018 2018 Final Distribution
27 Jun 2018 Estimated Distribution
07 Jun 2018 Monthly redemptions and units on issue May 2018
31 May 2018 PAXX Quarterly Portfolio Disclosure - 31 Mar 2018
18 May 2018 Estimated Distribution
04 May 2018 Monthly redemptions and units on issue Apr 2018
06 Apr 2018 Monthly redemptions and units on issue Mar 2018
07 Mar 2018 Monthly redemptions and units on issue Feb 2018
28 Feb 2018 PAXX Quarterly Portfolio Disclosure - 31 Dec 2017
22 Feb 2018 Platinum Asia Fund PDS inc SPDS (Master Fund of PAXX)
22 Feb 2018 Supplementary Product Disclosure Statement
22 Feb 2018 A Clifford to be appointed PTM CEO from 1 July 2018
07 Feb 2018 PAXX ASX Letter January 2018
09 Jan 2018 PAXX ASX Letter December 2017
07 Dec 2017 PAXX ASX Letter November 2017
30 Nov 2017 PAXX Disclosure of Portfolio Holdings - 30 Sep 2017
23 Nov 2017 Platinum Asia Fund PDS (Master Fund of PAXX)
07 Nov 2017 PAXX ASX Letter October 2017
09 Oct 2017 PAXX ASX Letter September 2017
14 Sep 2017 Launch of PAXX
14 Sep 2017 Admission and Commencement of Trading
14 Sep 2017 Product Disclosure Statement – PAXX

Performance

1m 3m 6m 1yr 2yr p.a. 3yr p.a. 5yr p.a. 10yr p.a. Since inception p.a. Inception date Portfolio value A$mil
Platinum Asia Fund (Quoted Managed Hedge Fund) (PAXX) 2.66 7.29 4.84 1.91 4.45 -2.92 5.45 - 5.76 12 Sep 2017 90.80
MSCI AC Asia ex Japan Net Index in A$ 2.34 7.08 7.79 6.75 4.42 -1.90 3.69 - 5.05 12 Sep 2017 -

As at 31 March 2024

Source: Platinum for fund returns and Rimes Technologies Inc. for index returns. Fund returns are net of accrued fees and costs, pre-tax, and assume the reinvestment of distributions. Returns in the line graph are cumulative assuming an initial investment of $10,000. All "p.a." returns are annualised. Historical performance is not a reliable indicator of future performance. Platinum does not invest by reference to the weightings of the index and the fund’s holdings may vary considerably to the make-up of the index. The index is provided as a reference only. 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. The 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.

PLATINUM ASIA FUND (QUOTED MANAGED HEDGE FUND)

Fund Facts

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Fund Details

Name Platinum Asia Fund (Quoted Managed Hedge Fund)
ASX Ticker Code PAXX
Legal Structure An open-ended managed fund quoted on the ASX AQUA market
Underlying Fund Platinum Asia Fund (PAF) is the underlying fund that PAXX feeds into
Distribution Annually at 30 June
Management Costs 1.10% p.a. of NAV, plus
15% of outperformance over benchmark (MSCI AC Asia ex-Japan Net Index (A$))
For more information about fees and costs: Download Fees & Costs
Unit Registry Contact Link Market Services
T: +61 1300 554 474
E: [email protected]
Offer Document Download Product Disclosure Statement
Or request a free hard copy
Continuous Disclosure Download Continuous Disclosure

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PLATINUM ASIA FUND (QUOTED MANAGED HEDGE FUND)

FAQs

PAXX primarily invests in listed equity securities from the Asian region excluding Japan.
The Monthly Update for the Fund can be found under the “Updates and Reports” section on the PAXX product page and provides details of the invested position, top ten stock positions and industry breakdown. The ASX also requires Platinum to disclose the portfolio holdings for PAXX each quarter (with a time-lag of two months) which can be found on the PAXX page under ASX Announcements.
Units in active ETMFs (including PAXX) trade, clear and settle in the same way as do shares in ASX-listed companies, and therefore can be accessed through any broker (including online broking platforms) without the need for lengthy paperwork.
Active ETMFs give investors the advantage of knowing the fund’s intra-day indicative NAV (“iNAV”) per unit before placing a trade. The iNAV provides an intra-day indicative value of the Fund based on the value of the underlying holdings within the Fund and taking account of investor supply and demand, as well as current market conditions. The actual net asset values (NAV) per unit are calculated and published each Business Day under normal market conditions. Both the iNAV and NAV per unit are published on our website
The actual price at which units are traded on the ASX AQUA market may not reflect either the NAV or the iNAV per unit of the Fund.
For all fund related enquiries, please contact Platinum's Investor Services Team.
For enquiries about your holdings in PAXX, please contact the registry, Link Market Services Limited on +61 1300 306 413 or via [email protected].
Link Market Services can provide assistance with the following:
  • Updating the name or address on the holding
  • Providing bank account details DRP, email address or TFN instructions
  • A request for forms to be emailed or posted
  • Transaction histories (as at settlement date)
  • Off market transfers & holding merge queries
  • Guidance and assistance with the online Link Investor Centre
  • Guidance and assistance completing & submitting Link forms
  • Statement replacements
  • Payment replacements

#iNAV calculations as shown on https://www.platinum.com.au/active-etfs/paxx (the “data”) are provided by ICE Data Indices, see ICE Terms of Use, and are updated during ASX trading hours. Powered by Factset. iNAV is indicative and for reference purposes only. The fund is not sponsored, endorsed, sold or marketed by ICE Data Indices, LLC, its affiliates (“ICE Data”) and ICE Data or its respective third party suppliers MAKE NO EXPRESS OR IMPLIED WARRANTIES, AND HEREBY EXPRESSLY DISCLAIM ALL WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE WITH RESPECT TO THE iNAV, IOPV, FUND OR ANY FUND DATA INCLUDED THEREIN. IN NO EVENT SHALL ICE DATA HAVE ANY LIABILITY FOR ANY SPECIAL, PUNITIVE, DIRECT, INDIRECT, OR CONSEQUENTIAL DAMAGES (INCLUDING LOST PROFITS), EVEN IF NOTIFIED OF THE POSSIBILITY OF SUCH DAMAGES. You acknowledge that the data is provided for information only and should not be relied upon for any purpose.

Our Team

The Team Behind Your Investments

Cameron Robertson

Portfolio Manager – Asia strategies

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