Platinum Trust Funds
Platinum assesses the potential returns and risks that currency exposure can create and as a part of our investment process currency exposure is actively managed where the mandate of the Fund allows. The aim is for each portfolio being exposed to the greatest extent possible to appreciating currencies.
| Platinum Trust Fund (C Class) | ARSN | APIR |
| Platinum International Fund® | 089 528 307 | PLA0002AU |
| Platinum Global Fund (Long Only)™ | 123 939 471 | PLA0006AU |
| Platinum Asia Fund® | 104 043 110 | PLA0004AU |
| Platinum European Fund® | 089 528 594 | PLA0001AU |
| Platinum Japan Fund® | 089 528 825 | PLA0003AU |
| Platinum International Brands Fund® | 092 429 813 | PLA0100AU |
| Platinum International Health Sciences Fund® (formerly Platinum International Health Care Fund) |
107 023 530 | PLA0005AU |
| Platinum International Technology Fund® | 092 429 555 | PLA0101AU |
The Funds are open for investment to persons receiving the Platinum Trust Funds Product Disclosure Statement (“PDS”) in Australia or New Zealand. The PDS has not been registered as an investment offer in any other country.
The Platinum Trust Funds Product Disclosure Statement has not been registered as an investment offer in any other country other than Australia or New Zealand.
The Funds may earn income (such as dividends and interest) throughout the financial year and may also realise capital gains or losses on the sale of investments. Income and net realised capital gains are distributed to investors annually as at 30 June.
The distribution rate is primarily influenced by the level of realised gains made on equities and on derivative contracts (including currency hedging contracts) and for this reason may vary significantly from Fund to Fund and from year to year. There may also be times where no distribution is payable. For the distribution history as a % of total Fund return, see the current Platinum Trust PDS.
You can make the following distribution elections:
- Reinvested in additional units in the same Fund/Unit Class.
- Paid to your nominated bank account.
- Select our fixed cash distribution option, currently set at 4% per annum. Please find further details for this option at the https://www.platinum.com.au/fixedcashdistribution.
As income is accrued within a Fund throughout the financial year and is reflected in the daily unit price, at 30 June when this is paid out of the Fund and is distributed to unitholders, the Fund size reduces and hence the unit price falls. Those investors who reinvest their distribution will see an increase in the number of units they hold and those investors who have elected to receive a cash distribution will receive a payment into their bank account.
C Class and P Class units refer to the two different fee options available for the Fund.
C Class is our Standard Fee Option of 1.35% per annum of a Fund's NAV.
P Class is our Performance Fee option of 1.1% per annum of a Fund's NAV plus a performance fee of 15% of the amount (after the deduction of investment management fees and excluding any performance fees) by which the Fund's return exceeds its hurdle return. Fees are accrued within the Funds' daily unit prices.
It is important that you understand the fees and costs; a full explanation can be found in the /Fees and Other Costs/ section of the Funds’ latest Product Disclosure Statement https://www.platinum.com.au/media/Platinum/Default/pt_pds.pdf.
C Class is our Standard Fee Option of 1.35% per annum of a Fund's NAV.
P Class is our Performance Fee option of 1.1% per annum of a Fund's NAV plus a performance fee of 15% of the amount (after the deduction of investment management fees and excluding any performance fees) by which the Fund's return exceeds its hurdle return. Fees are accrued within the Funds' daily unit prices.
It is important that you understand the fees and costs; a full explanation can be found in the /Fees and Other Costs/ section of the Funds’ latest Product Disclosure Statement https://www.platinum.com.au/media/Platinum/Default/pt_pds.pdf.
We publish estimated distributions for the Platinum Trust Funds and the Platinum Global Fund (mFund) on our website from the beginning of May each year, updated weekly till 30 June.
Platinum operates forward unit pricing which means that if you wish to transact, the unit price you see on our website, whilst is the latest available, is not necessarily the unit price you will transact at.
We have a cut-off time of 3pm AEST each business day* for receipt (and acceptance by us) of requests to transact. We will generally process those trades with an exit/entry price calculated by reference to closing prices of global equity markets on the trade acceptance date.
For example, where an investor has deposited monies and we have accepted their completed Application Form with the necessary supporting documentation by 3pm on Tuesday, 1 January 2024, the application will generally receive the entry price calculated by reference to closing prices of global equity markets on Tuesday, 1 January 2024. Withdrawal requests are processed in the same manner.
*A Business Day is defined as any day banks are open for business in Sydney, Australia except Saturday, Sunday, or a Public Holiday (including a bank holiday in Sydney, Australia).
We have a cut-off time of 3pm AEST each business day* for receipt (and acceptance by us) of requests to transact. We will generally process those trades with an exit/entry price calculated by reference to closing prices of global equity markets on the trade acceptance date.
For example, where an investor has deposited monies and we have accepted their completed Application Form with the necessary supporting documentation by 3pm on Tuesday, 1 January 2024, the application will generally receive the entry price calculated by reference to closing prices of global equity markets on Tuesday, 1 January 2024. Withdrawal requests are processed in the same manner.
*A Business Day is defined as any day banks are open for business in Sydney, Australia except Saturday, Sunday, or a Public Holiday (including a bank holiday in Sydney, Australia).
Direct investors in the Platinum Trust Funds and Platinum Global Fund (mFund) can register for access to our secure client website. To register we require a ‘Web Registration Request’ to be completed which can be found under the forms section of our website https://www.platinum.com.au/manage-your-investment.
Our secure client website allows investors to view account performance, balances, transactions, statements, and distribution and tax information.
With the appropriate level of access, you can also update your details (with the exception of your nominated financial institution accounts and Regular Investment Plan).
With the appropriate level of access, you can also update your details (with the exception of your nominated financial institution accounts and Regular Investment Plan).
There can be a number of reasons that the performance of the Fund/s that you hold may differ from our published returns, some of these may be:
- That you have received your distribution as a cash payment to your bank account or as a fixed cash distribution. Our published returns assume that distributions have been reinvested.
- The time period that you have been invested in the Fund does not exactly match the period of the published return. As the Funds are priced on a daily basis, one day can result in a difference to the return.
- You have transacted during the performance period you are looking at.
You can invest into the Funds via a margin lending arrangement, however, please be aware that as Platinum will not recognise any security interest (notice of mortgage) over holdings in the Funds and as such the investment will be held in the name of the margin lender. Accordingly, you do not acquire the rights of an Investor in the Fund, the margin lender is the investor and acquires these rights and as a result, all correspondence and dealings in your investment will be through your margin lender.
Yes, the Platinum Trust Funds can be accessed via select platforms (wrap accounts or master trusts). If you wish to invest via a platform instead of directly through Platinum, please speak to your financial adviser or contact Investor Services for further details.
If you wish to invest, please select the “Invest Now” button which can be found at the top of the page. All other forms can be found by selecting the “Manage your Investment” button.
Where an agent is acting as the investor’s financial adviser, we may not send any PDS/Supplementary PDS/Periodic Statement to that agent instead of to the investor. The investor must be provided with this information.
Specifically:
PDS and Supplementary PDS
s1015C(1) makes it clear that these documents must be provided to the investor or their agent. However, the section 1015C(3) expressly excludes from the meaning of agent someone acting as the person’s agent as an AFSL holder or an authorised representative of an AFSL holder i.e. a financial advisor. So, in this case the financial adviser would be an excluded agent for the purposes of s1015C(1) and therefore any PDS or Supplementary PDS cannot be provided solely to the financial adviser.
Periodic Statements
s1017D(1) requires us to provide the statement to the person that acquired the units i.e. the holder. S1017D(6) then states that a periodic statement must be given in one of the following ways:
(a) in writing; or
(b) electronically; or
(c) in a way specified in the regulations.
Reg 7.9.75A (2) then states that for paragraph 1017D(6)(c), the following are ways of giving a periodic statement to a holder:
(a) making the periodic statement available to the holder in any way agreed to by the holder;
(b) making the periodic statement available to the holder's agent in any way agreed to by the agent.
Reg 7.9.75A (5) then states that for the purposes of this regulation, a notification, a periodic statement or information may be given or sent to a person's agent only if the agent is not acting as the person's agent in one of the capacities mentioned in subsection 1015C(3) of the Act i.e. as a financial advisor.
Specifically:
PDS and Supplementary PDS
s1015C(1) makes it clear that these documents must be provided to the investor or their agent. However, the section 1015C(3) expressly excludes from the meaning of agent someone acting as the person’s agent as an AFSL holder or an authorised representative of an AFSL holder i.e. a financial advisor. So, in this case the financial adviser would be an excluded agent for the purposes of s1015C(1) and therefore any PDS or Supplementary PDS cannot be provided solely to the financial adviser.
Periodic Statements
s1017D(1) requires us to provide the statement to the person that acquired the units i.e. the holder. S1017D(6) then states that a periodic statement must be given in one of the following ways:
(a) in writing; or
(b) electronically; or
(c) in a way specified in the regulations.
Reg 7.9.75A (2) then states that for paragraph 1017D(6)(c), the following are ways of giving a periodic statement to a holder:
(a) making the periodic statement available to the holder in any way agreed to by the holder;
(b) making the periodic statement available to the holder's agent in any way agreed to by the agent.
Reg 7.9.75A (5) then states that for the purposes of this regulation, a notification, a periodic statement or information may be given or sent to a person's agent only if the agent is not acting as the person's agent in one of the capacities mentioned in subsection 1015C(3) of the Act i.e. as a financial advisor.
Short selling can be used to limit risk by reducing a portfolio’s net invested position. It may also be undertaken with the aim of increasing returns by seeking to profit from a fall in the share price of a particular company or index. A number of Platinum’s products have the ability to short sell however, the Platinum International Fund, the Platinum Global Fund (Long Only) and the Platinum International Active ETF do not short stocks.
Platinum International Fund
The Monthly Update for the Fund can be found under the “Updates and Reports” tab on the Platinum International Fund (“PIF”) product page and provides details of the invested position, top ten stock positions and industry breakdown.
Platinum is also required to disclose the portfolio holdings for our Active ETF PIXX (which feeds directly into PIF) to the ASX on a quarterly basis; this disclosure can be found on the PIXX product page of our website under ASX Announcements.
Platinum is also required to disclose the portfolio holdings for our Active ETF PIXX (which feeds directly into PIF) to the ASX on a quarterly basis; this disclosure can be found on the PIXX product page of our website under ASX Announcements.
The Fund aims to outperform the MSCI World Net Total Return Index in AUD net of fees and expenses over rolling 5-year periods.
Foreign currency exposures are typically unhedged. However, the Fund is permitted to use
over-the-counter derivatives and foreign exchange contracts to hedge significant currency exposure
if it is considered to be in the best interests of investors.
over-the-counter derivatives and foreign exchange contracts to hedge significant currency exposure
if it is considered to be in the best interests of investors.
The latest Monthly Update for the Fund is available at the following link and provides details of the invested position, top ten stock positions and industry breakdown https://www.platinum.com.au/managed-funds/pif#updates.
The Fund may earn income (such as dividends and interest) throughout the financial year and may also realise capital gains or losses on the sale of investments. Income and net realised capital gains will be distributed to investors annually as at 30 June.
Please note that the level of income can vary significantly from year to year as this is primarily influenced by the level of realised gains made (on equities and derivative contracts) within a Fund
Please note that the level of income can vary significantly from year to year as this is primarily influenced by the level of realised gains made (on equities and derivative contracts) within a Fund
Platinum Global Fund (Long Only)
The portfolio holdings are not published in full for the Fund, however, the latest Monthly Update is available at the following link and provides details of the invested position, top ten stock positions and industry https://www.platinum.com.au/managed-funds/pgflo#updates.
The Fund aims to outperform the MSCI World Net Total Return Index in AUD net of fees and expenses over rolling 5-year periods.
Foreign currency exposures are typically unhedged. However, the Fund is permitted to use over-the-counter derivatives and foreign exchange contracts to hedge significant currency exposure if it is considered to be in the best interests of investors.
The latest Monthly Update for the Fund is available at the following link https://www.platinum.com.au/managed-funds/pgflo#updates and provides details of the invested position, top ten stock positions and industry breakdown.
The Fund may earn income (such as dividends and interest) throughout the financial year and may also realise capital gains or losses on the sale of investments. Income and net realised capital gains will be distributed to Investors annually as at 30 June.
Please note that the level of income can vary significantly from year to year as this is primarily influenced by realised gains made (on equities and derivative contracts) within a Fund.
Please note that the level of income can vary significantly from year to year as this is primarily influenced by realised gains made (on equities and derivative contracts) within a Fund.
Platinum Asia Fund
The investment strategy for these products is the same, the key differences relate to the structure of the product.
• PIXX and PIF are structured as unit trusts, whereas PMC is a company.
• PIXX is quoted on the ASX AQUA market, PIF is unlisted and PMC is listed on the ASX.
• PIXX and PIF distribute all taxable income (including net realised gains) to unit holders at 30 June, these distributions do not carry franking credits. PMC, subject to cash flows and the availability of franking credits and accounting profits, aims to pay franked dividends to shareholders.
You can compare these products and others that we offer using our comparison tool https://www.platinum.com.au/product-comparison.
• PIXX and PIF are structured as unit trusts, whereas PMC is a company.
• PIXX is quoted on the ASX AQUA market, PIF is unlisted and PMC is listed on the ASX.
• PIXX and PIF distribute all taxable income (including net realised gains) to unit holders at 30 June, these distributions do not carry franking credits. PMC, subject to cash flows and the availability of franking credits and accounting profits, aims to pay franked dividends to shareholders.
You can compare these products and others that we offer using our comparison tool https://www.platinum.com.au/product-comparison.
The Monthly Update for the Fund can be found under the “Updates and Reports” tab on the Platinum Asia Fund (“PAF”) product page and provides details of the invested position, top ten stock positions and industry breakdown.
Platinum is required to disclose the portfolio holdings for our Active ETF PAXX (which feeds directly into PAF) to the ASX on a quarterly basis; this disclosure can be found on the PAXX product page of our website under ASX Announcements.
Platinum is required to disclose the portfolio holdings for our Active ETF PAXX (which feeds directly into PAF) to the ASX on a quarterly basis; this disclosure can be found on the PAXX product page of our website under ASX Announcements.
The Fund aims to provide capital growth over the long-term by investing in undervalued companies in the Asian region excluding Japan.
The Fund may utilise currency hedging strategies (foreign exchange forwards, swaps, non-deliverable forwards, currency options and spot foreign exchange trades) to hedge the positions in the portfolio at the Fund Manager’s discretion.
The latest Monthly Update for the Fund is available at the following link and provides details of the invested position, top ten stock positions and industry breakdown https://www.platinum.com.au/managed-funds/paf#updates.
The Fund may earn income (such as dividends and interest) throughout the financial year and may also realise capital gains or losses on the sale of investments. Income and net realised capital gains will be distributed to Investors annually as at 30 June.
Please note that the level of income can vary significantly from year to year as this is primarily influenced by realised gains made (on equities and derivative contracts) within a Fund
Please note that the level of income can vary significantly from year to year as this is primarily influenced by realised gains made (on equities and derivative contracts) within a Fund
Platinum European Fund
The portfolio holdings are not published in full for the Fund, however, the latest Monthly Update is available at the following link and provides details of the invested position, top ten stock positions and industry breakdown https://www.platinum.com.au/managed-funds/pef#updates
The Fund aims to provide capital growth over the long-term by investing in undervalued companies in the European region.
The Funds may utilise currency hedging strategies (foreign exchange forwards, swaps, non-deliverable forwards, currency options and spot foreign exchange trades) to hedge the positions in the portfolio at the Fund Manager’s discretion.
The latest Monthly Update for the Fund is available at the following link and provides details of the invested position, top ten stock positions and industry breakdown https://www.platinum.com.au/managed-funds/pef#updates.
The Fund may earn income (such as dividends and interest) throughout the financial year and may also realise capital gains or losses on the sale of investments. Income and net realised capital gains will be distributed to Investors annually as at 30 June.
Please note that the level of income can vary significantly from year to year as this is primarily influenced by the realised gains made (on equities and derivative contracts) within a Fund.
Please note that the level of income can vary significantly from year to year as this is primarily influenced by the realised gains made (on equities and derivative contracts) within a Fund.
Platinum Japan Fund
The portfolio holdings are not published in full for the Fund, however, the latest Monthly Update is available at the following link and provides details of the invested position, top ten stock positions and industry https://www.platinum.com.au/managed-funds/pjf#updates.
The Fund aims to provide capital growth over the long term by investing in undervalued companies in Japan.
The Funds may utilise currency hedging strategies (foreign exchange forwards, swaps, non-deliverable forwards, currency options and spot foreign exchange trades) to hedge the positions in the portfolio at the Fund Manager’s discretion.
The Fund may earn income (such as dividends and interest) throughout the financial year and may also realise capital gains or losses on the sale of investments. Income and net realised capital gains will be distributed to Investors annually as at 30 June.
Please note that the level of income can vary significantly from year to year as this is primarily influenced by realised gains made (on equities and derivative contracts) within a Fund.
Please note that the level of income can vary significantly from year to year as this is primarily influenced by realised gains made (on equities and derivative contracts) within a Fund.
Platinum International Brands Fund
The portfolio holdings are not published in full for the Fund, however, the latest Monthly Update is available at the following link and provides details of the invested position, top ten stock positions and industry https://www.platinum.com.au/managed-funds/pibf#updates.
The Fund aims to provide capital growth over the long-term by investing in well-recognised as well as up-and-coming, consumer and business brand names (including but not limited to producers of household consumables and durables, luxury goods, retailers, and consumer services in areas such as finance, travel, leisure, and digital media).
The Funds may utilise currency hedging strategies (foreign exchange forwards, swaps, non-deliverable forwards, currency options and spot foreign exchange trades) to hedge the positions in the portfolio at the Fund Manager’s discretion.
The latest Monthly Update for the Fund is available at the following link and provides details of the invested position, top ten stock positions and industry breakdown https://www.platinum.com.au/managed-funds/pibf#updates.
The Fund may earn income (such as dividends and interest) throughout the financial year and may also realise capital gains or losses on the sale of investments. Income and net realised capital gains will be distributed to Investors annually as at 30 June.
Platinum International Technology Fund
The portfolio holdings are not published in full for the Fund, however, the latest Monthly Update is available at the following link and provides details of the invested position, top ten stock positions and industry https://www.platinum.com.au/managed-funds/pitf#updates.
The Fund aims to provide capital growth over the long-term by investing in information technology, telecommunications and electronics companies from around the world, including providers of hardware, software, services and content.
The Funds may utilise currency hedging strategies (foreign exchange forwards, swaps, non-deliverable forwards, currency options and spot foreign exchange trades) to hedge the positions in the portfolio at the Fund Manager’s discretion.
The latest Monthly Update for the Fund is available at the following link and provides details of the invested position, top ten stock positions and industry breakdown https://www.platinum.com.au/managed-funds/pitf#updates.
The Fund may earn income (such as dividends and interest) throughout the financial year and may also realise capital gains or losses on the sale of investments. Income and net realised capital gains will be distributed to Investors annually as at 30 June.
Please note that the level of income can vary significantly from year to year as this is primarily influenced by realised gains made (on equities and derivative contracts) within a Fund.
Please note that the level of income can vary significantly from year to year as this is primarily influenced by realised gains made (on equities and derivative contracts) within a Fund.
Platinum International Health Sciences Fund
The Fund invests in the health care industry which includes (but is not limited to) biotechnology, pharmaceuticals, diagnostics, laboratory technologies, distributors of healthcare products, equipment and services, hospitals and nursing care, health insurance and information technology providers to these companies.
The portfolio holdings are not published in full for the Fund, however, the latest Monthly Update is available at the following link and provides details of the invested position, top ten stock positions and industry breakdown https://www.platinum.com.au/managed-funds/pihsf#updates.
The Fund aims to provide capital growth over the long-term by investing in undervalued securities of companies in and/or related to the health care industry. The Fund seeks to take advantage of the substantial changes that are occurring in the fields of health care and medicine.
The Funds may utilise currency hedging strategies (foreign exchange forwards, swaps, non-deliverable forwards, currency options and spot foreign exchange trades) to hedge the positions in the portfolio at the Fund Manager’s discretion.
The latest Monthly Update for the Fund is available at the following link and provides details of the invested position, top ten stock positions and industry breakdown https://www.platinum.com.au/managed-funds/pihsf#updates
The Fund may earn income (such as dividends and interest) throughout the financial year and may also realise capital gains or losses on the sale of investments. Income and net realised capital gains will be distributed to Investors annually as at 30 June.
Please note that the level of income can vary significantly from year to year as this is primarily influenced by realised gains made (on equities and derivative contracts) within a Fund.
Please note that the level of income can vary significantly from year to year as this is primarily influenced by realised gains made (on equities and derivative contracts) within a Fund.
ASX CODE: PIXX
Platinum International Fund Complex ETF
The active ETFs we currently offer include Platinum International Fund Active ETF (ASX code: PIXX) and Platinum Asia Fund Complex ETF (ASX code: PAXX). For more information on the active ETFs we offer, please go to https://www.platinum.com.au/active-etfs.
The key advantages for investors wishing to invest in our active ETFs are:
- The benefit of knowing the fund’s intra-day indicative NAV per unit prior to transacting.
- The funds are easy to access as units in active ETFs trade, clear and settle in the same way as shares in ASX-listed companies and can be acquired through any licensed broker (including broking platforms) without the need for lengthy paperwork.
- Annual income distribution.
- No minimum investment amounts
PIXX primarily invests in listed equity securities from around the world.
The Monthly Update for the Fund can be found under the “Updates and Reports” section on the PIXX 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 PIXX each quarter (with a time-lag of two months) which can be found on the PIXX page under ASX Announcements.
The Monthly Update for the Fund can be found under the “Updates and Reports” section on the PIXX 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 PIXX each quarter (with a time-lag of two months) which can be found on the PIXX page under ASX Announcements.
Units in active ETFs (including PIXX) 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 ETFs 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.
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.
Market makers match buy and sell orders for investors that want to trade units in the fund. The market maker provides liquidity to the market by supplying quotes and updating their prices to reflect changes in the underlying securities, market conditions and the supply and demand for the units throughout the ASX trading day. Platinum has engaged J.P. Morgan Securities Australia Limited as its market making agent.
For all fund related enquiries, please contact Platinum's Investor Services Team.
For enquiries about your holdings in PIXX, please contact the registry, MUFG Corporate Markets (AU) Limited on +61 1300 306 413.
MUFG Corporate Markets (AU) Limited can provide assistance with the following:
For enquiries about your holdings in PIXX, please contact the registry, MUFG Corporate Markets (AU) Limited on +61 1300 306 413.
MUFG Corporate Markets (AU) Limited 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
ASX CODE: PAXX
Platinum Asia Fund Complex ETF
The active ETFs we currently offer include Platinum International Fund Active ETF (ASX code: PIXX) and Platinum Asia Fund Complex ETF (ASX code: PAXX). For more information on the active ETFs we offer, please go to https://www.platinum.com.au/active-etfs.
The key advantages for investors wishing to invest in our active ETFs are:
- The benefit of knowing the fund’s intra-day indicative NAV per unit prior to transacting.
- The funds are easy to access as units in active ETFs trade, clear and settle in the same way as shares in ASX-listed companies and can be acquired through any licensed broker (including broking platforms) without the need for lengthy paperwork.
- Annual income distribution.
- No minimum investment amounts
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.
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 ETFs (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 ETFs 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.
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.
Market makers match buy and sell orders for investors that want to trade units in the fund. The market maker provides liquidity to the market by supplying quotes and updating their prices to reflect changes in the underlying securities, market conditions and the supply and demand for the units throughout the ASX trading day. Platinum has engaged J.P. Morgan Securities Australia Limited as its market making agent.
For all fund related enquiries, please contact Platinum's Investor Services Team.
For enquiries about your holdings in PAXX, please contact the registry, MUFG Corporate Markets (AU) Limited on +61 1300 306 413.
MUFG Corporate Markets (AU) Limited can provide assistance with the following:
For enquiries about your holdings in PAXX, please contact the registry, MUFG Corporate Markets (AU) Limited on +61 1300 306 413.
MUFG Corporate Markets (AU) Limited 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
Active ETFs such as PIXX and PAXX have a unit trust structure and are open-ended, which means that new units are issued and existing units are cancelled based on investor demand and capital flows.
A typical Australian exchange traded managed fund (ETF) also has a trust structure and is open-ended but is not actively managed and instead tracks a market index.
Listed investment companies (LICs) are closed-ended investment vehicles that are established in the form of a company. They do not regularly issue new shares or cancel existing shares and so their cash flows and investment decisions are not impacted by daily fund inflows and outflows (as is the case for managed funds). However, the share price of a LIC can (and often does) differ from the underlying value of the LIC’s portfolio of investments.
You may use our Product Comparison Tool to view specific differences between our products, visit: https://www.platinum.com.au/product-comparison
A typical Australian exchange traded managed fund (ETF) also has a trust structure and is open-ended but is not actively managed and instead tracks a market index.
Listed investment companies (LICs) are closed-ended investment vehicles that are established in the form of a company. They do not regularly issue new shares or cancel existing shares and so their cash flows and investment decisions are not impacted by daily fund inflows and outflows (as is the case for managed funds). However, the share price of a LIC can (and often does) differ from the underlying value of the LIC’s portfolio of investments.
You may use our Product Comparison Tool to view specific differences between our products, visit: https://www.platinum.com.au/product-comparison
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