INVESTMENT PRODUCTS

Compare All Investment Options

We have created this comparison tool to help you navigate through the range of products we offer. By highlighting the key differences across our products in terms of structural characteristics (e.g. unit trust vs. company, distribution policy, treatment under taxation rules), investment strategy and guidelines (e.g. shorting, leverage, number of securities typically in the portfolio), fees, and avenues of access (e.g. directly through Platinum or via brokers on ASX), we hope this page will help you select the products best suited to your needs.

Fund	Platinum International Fund Complex ETF	Platinum Asia Fund Complex ETF	Platinum International Fund	Platinum Global Fund (Long Only)(Long Only)	Platinum Asia Fund	Platinum European Fund	Platinum Japan Fund	Platinum International Brands Fund	Platinum International Health Sciences Fund	Platinum International Technology Fund	GW&K Global Small Cap Fund	Platinum Capital Limited (PMC)	Platinum Asia Investments Limited (PAI)	Platinum Global Fund	-
Legal structure	Unit trust	Unit trust	Unit trust	Unit trust	Unit trust	Unit trust	Unit trust	Unit trust	Unit trust	Unit trust	Unit trust	Company	Company	Unlisted (but settled through the ASX mFund Settlement Services)
Listing	Quoted on ASX AQUA Market	Quoted on ASX AQUA Market	Unlisted	Unlisted	Unlisted	Unlisted	Unlisted	Unlisted	Unlisted	Unlisted	Unlisted	ASX listed	ASX listed	Unlisted (but settled through the ASX mFund Settlement Services)
Open- or closed-ended	Open-ended	Open-ended	Open-ended	Open-ended	Open-ended	Open-ended	Open-ended	Open-ended	Open-ended	Open-ended	Open-ended	Closed-ended	Closed-ended	Open-ended
Valuation & pricing	Units are bought and sold at prices quoted on the ASX AQUA market. An indicative NAV (iNAV) per unit is calculated and published throughout the ASX trading day, having regard to the underlying fund’s portfolio holdings and foreign exchange movements. Actual NAV per unit of the fund is calculated and published each Business Day. Note that the actual price at which units are traded on the ASX AQUA market may not reflect either the NAV per unit or the iNAV per unit.	Units are bought and sold at prices quoted on the ASX AQUA market. An indicative NAV (iNAV) per unit is calculated and published throughout the ASX trading day, having regard to the underlying fund’s portfolio holdings and foreign exchange movements. Actual NAV per unit of the fund is calculated and published each Business Day. Note that the actual price at which units are traded on the ASX AQUA market may not reflect either the NAV per unit or the iNAV per unit.	Units are bought (applications) and sold (redemptions) at the fund's net asset value per unit (subject to buy/sell spread), which are published daily. Forward-pricing is used, i.e. the NAV unit price is unknown at the time a trade is placed.	Units are bought (applications) and sold (redemptions) at the fund's net asset value per unit (subject to buy/sell spread), which are published daily. Forward-pricing is used, i.e. the NAV unit price is unknown at the time a trade is placed.	Units are bought (applications) and sold (redemptions) at the fund's net asset value per unit (subject to buy/sell spread), which are published daily. Forward-pricing is used, i.e. the NAV unit price is unknown at the time a trade is placed.	Units are bought (applications) and sold (redemptions) at the fund's net asset value per unit (subject to buy/sell spread), which are published daily. Forward-pricing is used, i.e. the NAV unit price is unknown at the time a trade is placed.	Units are bought (applications) and sold (redemptions) at the fund's net asset value per unit (subject to buy/sell spread), which are published daily. Forward-pricing is used, i.e. the NAV unit price is unknown at the time a trade is placed.	Units are bought (applications) and sold (redemptions) at the fund's net asset value per unit (subject to buy/sell spread), which are published daily. Forward-pricing is used, i.e. the NAV unit price is unknown at the time a trade is placed.	Units are bought (applications) and sold (redemptions) at the fund's net asset value per unit (subject to buy/sell spread), which are published daily. Forward-pricing is used, i.e. the NAV unit price is unknown at the time a trade is placed.	Units are bought (applications) and sold (redemptions) at the fund's net asset value per unit (subject to buy/sell spread), which are published daily. Forward-pricing is used, i.e. the NAV unit price is unknown at the time a trade is placed.	Units are bought (applications) and sold (redemptions) at the fund's net asset value per unit (subject to buy/sell spread), which are published daily. Forward-pricing is used, i.e. the NAV unit price is unknown at the time a trade is placed.	Shares are bought and sold at prices quoted on the ASX in real time. Note that PMC's share prices may be higher or lower than PMC's NTA backing per share, released to the ASX weekly and monthly.	Shares are bought and sold at prices quoted on the ASX in real time. Note that PAI's share prices may be higher or lower than PAI's NTA backing per share, released to the ASX weekly and monthly.	Units are bought (applications) and sold (redemptions) at the fund's net asset value per unit (subject to buy/sell spread), which are published daily. Forward-pricing is used, i.e. the NAV unit price is unknown at the time a trade is placed.
Distribution policy	All of the fund's taxable net income, which includes any net realised capital gains, are distributed to unitholders annually as at 30 June.	All of the fund's taxable net income, which includes any net realised capital gains, are distributed to unitholders annually as at 30 June.	All of the fund's taxable net income, which includes any net realised capital gains, are distributed to unitholders annually as at 30 June.	All of the fund's taxable net income, which includes any net realised capital gains, are distributed to unitholders annually as at 30 June.	All of the fund's taxable net income, which includes any net realised capital gains, are distributed to unitholders annually as at 30 June.	All of the fund's taxable net income, which includes any net realised capital gains, are distributed to unitholders annually as at 30 June.	All of the fund's taxable net income, which includes any net realised capital gains, are distributed to unitholders annually as at 30 June.	All of the fund's taxable net income, which includes any net realised capital gains, are distributed to unitholders annually as at 30 June.	All of the fund's taxable net income, which includes any net realised capital gains, are distributed to unitholders annually as at 30 June.	All of the fund's taxable net income, which includes any net realised capital gains, are distributed to unitholders annually as at 30 June.	All of the fund's taxable net income, which includes any net realised capital gains, are distributed to unitholders annually as at 30 June.	Whether a dividend will be paid in any particular period and the amount of any dividend to be paid is at the discretion of PMC’s Board of Directors and depends on factors such as cash flows and the availability of franking credits and accounting profits. This policy allows the Board to “smooth” dividends from year to year. To the extent that any profits are not distributed as dividends, PMC’s policy allows for some or all of its undistributed profits to be set aside into a separate dividend profit reserve to facilitate the payment of future dividends.	Whether a dividend will be paid in any particular period and the amount of any dividend to be paid is at the discretion of PAI’s Board of Directors and depends on factors such as cash flows and the availability of franking credits and accounting profits. This policy allows the Board to “smooth” dividends from year to year. To the extent that any profits are not distributed as dividends, PAI’s policy allows for some or all of its undistributed profits to be set aside into a separate dividend profit reserve to facilitate the payment of future dividends.	All of the fund's taxable net income, which includes any net realised capital gains, are distributed to unitholders annually as at 30 June.
Do distributions/dividends carry franking credits?	As the fund predominantly invests in foreign equities, the fund does not generate or receive material franking credits. Therefore, distributions from the fund generally do not carry franking credits.	As the fund predominantly invests in foreign equities, the fund does not generate or receive material franking credits. Therefore, distributions from the fund generally do not carry franking credits.	As the fund predominantly invests in foreign equities, the fund does not generate or receive material franking credits. Therefore, distributions from the fund generally do not carry franking credits.	As the fund predominantly invests in foreign equities, the fund does not generate or receive material franking credits. Therefore, distributions from the fund generally do not carry franking credits.	As the fund predominantly invests in foreign equities, the fund does not generate or receive material franking credits. Therefore, distributions from the fund generally do not carry franking credits.	As the fund predominantly invests in foreign equities, the fund does not generate or receive material franking credits. Therefore, distributions from the fund generally do not carry franking credits.	As the fund predominantly invests in foreign equities, the fund does not generate or receive material franking credits. Therefore, distributions from the fund generally do not carry franking credits.	As the fund predominantly invests in foreign equities, the fund does not generate or receive material franking credits. Therefore, distributions from the fund generally do not carry franking credits.	As the fund predominantly invests in foreign equities, the fund does not generate or receive material franking credits. Therefore, distributions from the fund generally do not carry franking credits.	As the fund predominantly invests in foreign equities, the fund does not generate or receive material franking credits. Therefore, distributions from the fund generally do not carry franking credits.	As the fund predominantly invests in foreign equities, the fund does not generate or receive material franking credits. Therefore, distributions from the fund generally do not carry franking credits.	PMC generally aims to pay fully-franked dividends. However, the extent of franking of each dividend is at the discretion of PMC's Board of Directors and depends on the availability of franking credits.	PAI generally aims to pay fully-franked dividends. However, the extent of franking of each dividend is at the discretion of PAI's Board of Directors and depends on the availability of franking credits.	As the fund predominantly invests in foreign equities, the fund does not generate or receive material franking credits. Therefore, distributions from the fund generally do not carry franking credits.
Tax treatment	Unitholders are generally subject to income tax in respect of the taxable distributions they receive from the fund at the income tax rate applicable to them.	Unitholders are generally subject to income tax in respect of the taxable distributions they receive from the fund at the income tax rate applicable to them.	Unitholders are generally subject to income tax in respect of the taxable distributions they receive from the fund at the income tax rate applicable to them.	Unitholders are generally subject to income tax in respect of the taxable distributions they receive from the fund at the income tax rate applicable to them.	Unitholders are generally subject to income tax in respect of the taxable distributions they receive from the fund at the income tax rate applicable to them.	Unitholders are generally subject to income tax in respect of the taxable distributions they receive from the fund at the income tax rate applicable to them.	Unitholders are generally subject to income tax in respect of the taxable distributions they receive from the fund at the income tax rate applicable to them.	Unitholders are generally subject to income tax in respect of the taxable distributions they receive from the fund at the income tax rate applicable to them.	Unitholders are generally subject to income tax in respect of the taxable distributions they receive from the fund at the income tax rate applicable to them.	Unitholders are generally subject to income tax in respect of the taxable distributions they receive from the fund at the income tax rate applicable to them.	Unitholders are generally subject to income tax in respect of the taxable distributions they receive from the fund at the income tax rate applicable to them.	Being a company, PMC is taxed at source, meaning that its income (including any net realised capital gains) is generally subject to income tax at the prevailing company tax rate. Shareholders are generally subject to income tax in respect of the dividends they receive from PMC, though such dividends may carry franking credits.	Being a company, PAI is taxed at source, meaning that its income (including any net realised capital gains) is generally subject to income tax at the prevailing company tax rate. Shareholders are generally subject to income tax in respect of the dividends they receive from PAI, though such dividends may carry franking credits.	Unitholders are generally subject to income tax in respect of the taxable distributions they receive from the fund at the income tax rate applicable to them.
Do capital gains tax concessions apply to distributions/dividends?	Distributions from the fund may include concessional capital gains. Refer to the fund's annual Distribution & Tax Statement for details.	Distributions from the fund may include concessional capital gains. Refer to the fund's annual Distribution & Tax Statement for details.	Distributions from the fund may include concessional capital gains. Refer to the fund's annual Distribution & Tax Statement for details.	Distributions from the fund may include concessional capital gains. Refer to the fund's annual Distribution & Tax Statement for details.	Distributions from the fund may include concessional capital gains. Refer to the fund's annual Distribution & Tax Statement for details.	Distributions from the fund may include concessional capital gains. Refer to the fund's annual Distribution & Tax Statement for details.	Distributions from the fund may include concessional capital gains. Refer to the fund's annual Distribution & Tax Statement for details.	Distributions from the fund may include concessional capital gains. Refer to the fund's annual Distribution & Tax Statement for details.	Distributions from the fund may include concessional capital gains. Refer to the fund's annual Distribution & Tax Statement for details.	Distributions from the fund may include concessional capital gains. Refer to the fund's annual Distribution & Tax Statement for details.	Distributions from the fund may include concessional capital gains. Refer to the fund's annual Distribution & Tax Statement for details.	Distributions from PMC will be taxed as dividends, rather than as capital gains.	Distributions from PAI will be taxed as dividends, rather than as capital gains.	Distributions from the fund may include concessional capital gains. Refer to the fund's annual Distribution & Tax Statement for details.
Do distributions/dividends carry foreign tax offsets?	Distributions from the fund may include foreign tax offsets. Refer to the fund's annual Distribution & Tax Statement for details.	Distributions from the fund may include foreign tax offsets. Refer to the fund's annual Distribution & Tax Statement for details.	Distributions from the fund may include foreign tax offsets. Refer to the fund's annual Distribution & Tax Statement for details.	Distributions from the fund may include foreign tax offsets. Refer to the fund's annual Distribution & Tax Statement for details.	Distributions from the fund may include foreign tax offsets. Refer to the fund's annual Distribution & Tax Statement for details.	Distributions from the fund may include foreign tax offsets. Refer to the fund's annual Distribution & Tax Statement for details.	Distributions from the fund may include foreign tax offsets. Refer to the fund's annual Distribution & Tax Statement for details.	Distributions from the fund may include foreign tax offsets. Refer to the fund's annual Distribution & Tax Statement for details.	Distributions from the fund may include foreign tax offsets. Refer to the fund's annual Distribution & Tax Statement for details.	Distributions from the fund may include foreign tax offsets. Refer to the fund's annual Distribution & Tax Statement for details.	Distributions from the fund may include foreign tax offsets. Refer to the fund's annual Distribution & Tax Statement for details.	Foreign tax offsets arising from PMC’s investments are applied by PMC to reduce its Australian tax payable. Dividends from PMC generally will not include foreign tax offsets.	Foreign tax offsets arising from PAI’s investments are applied by PAI to reduce its Australian tax payable. Dividends from PAI generally will not include foreign tax offsets.	Distributions from the fund may include foreign tax offsets. Refer to the fund's annual Distribution & Tax Statement for details.

Fund	Platinum International Fund Complex ETF	Platinum Asia Fund Complex ETF	Platinum International Fund	Platinum Global Fund (Long Only)	Platinum Asia Fund	Platinum European Fund	Platinum Japan Fund	Platinum International Brands Fund	Platinum International Health Sciences Fund	Platinum International Technology Fund	GW&K Global Small Cap Fund	Platinum Capital Limited (PMC)	Platinum Asia Investments Limited (PAI)	Platinum Global Fund	-
Geographic limits	None	Asia ex-Japan	None	None	Asia ex-Japan	Europe	Japan	None	None	None	The portfolio’s exposure to emerging markets will not typically exceed 30% of the Fund’s NAV	None	Asia ex-Japan	None
Industry/sector limits	None	None	None	None	None	None	None	Companies with well-recognised consumer brand names (including producers of luxury goods, other consumer durables, as well as food, beverages, household and personal care products, retailers, and financial services).	Companies engaged in the provision of products or services to the health care industry, including but not limited to biotechnology, pharmaceuticals, diagnostics, laboratory technologies, distributors of health care products, equipment and services, hospitals and nursing care, health insurance and information technology providers to such companies.	Companies in the information technology, telecommunications and electronics industries, including but not limited to providers of computing, networking and telecommunications equipment, software, semiconductors and related capital equipment providers, IT services, as well as network operators, content providers and "Internet" based businesses.	None	None	None	None
Typical number of securities (long positions) in portfolio	40-80	30-80	40-80	40-80	30-80	30-80	30-80	30-80	30-80	30-80	50-100	40-80	30-80	40-100
Typical net equity exposure	50% or more of NAV	50% or more of NAV	50% or more of NAV	75% or more of NAV	50% or more of NAV	50% or more of NAV	50% or more of NAV	50% or more of NAV	50% or more of NAV	50% or more of NAV	95% or more of NAV	50% or more of NAV	50% or more of NAV	N/A
Derivatives	Permitted, up to 100% of NAV, but aggregate exposure to all OTC derivative counterparties will typically be no more than 5% of the NAV, and will not exceed 10% of the NAV	Permitted, up to 100% of NAV, but aggregate exposure to all OTC derivative counterparties will typically be no more than 5% of the NAV, and will not exceed 10% of the NAV	Permitted, up to 100% of NAV, but aggregate exposure to all OTC derivative counterparties will typically be no more than 5% of NAV, will not exceed 10% of NAV	Permitted, up to 100% of NAV	Permitted, up to 100% of NAV, but aggregate exposure to all OTC derivative counterparties will typically be no more than 5% of NAV, will not exceed 10% of NAV	Permitted, up to 100% of NAV	Permitted, up to 100% of NAV	Permitted, up to 100% of NAV	Permitted, up to 100% of NAV	Permitted, up to 100% of NAV	The Fund does not use derivatives other than warrants and contingent value rights	Permitted, up to 100% of NAV	Permitted, up to 100% of NAV	Exchange traded derivatives permitted, up to 10% of NAV. OTC derivatives are not permitted.
Leverage	• The fund does not borrow funds (except for short-term overdrafts for trade settlement). • Leverage from use of derivatives is permitted, with the maximum permissible gross invested position (i.e. taking into account all securities and derivatives (long and short) held) being 150% of NAV, though the fund's positions in long securities and derivatives would not typically be greater than 100% of NAV.	• The fund does not borrow funds (except for short-term overdrafts for trade settlement). • Leverage from use of derivatives is permitted, with the maximum permissible gross invested position (i.e. taking into account all securities and derivatives (long and short) held) being 150% of NAV, though the fund's positions in long securities and derivatives would not typically be greater than 100% of NAV.	• The fund does not borrow funds (except for short-term overdrafts for trade settlement). • Leverage from use of derivatives is permitted, with the maximum permissible gross invested position (i.e. taking into account all securities and derivatives (long and short) held) being 150% of NAV, though the fund's positions in long securities and derivatives would not typically be greater than 100% of NAV.	• The fund does not borrow funds (except for short-term overdrafts for trade settlement). • Leverage from use of derivatives is permitted, with the maximum permissible gross invested position being 150% of NAV, though the fund's positions in long securities and derivatives would not typically be greater than 100% of NAV.	• The fund does not borrow funds (except for short-term overdrafts for trade settlement). • Leverage from use of derivatives is permitted, with the maximum permissible gross invested position (i.e. taking into account all securities and derivatives (long and short) held) being 150% of NAV, though the fund's positions in long securities and derivatives would not typically be greater than 100% of NAV.	• The fund does not borrow funds (except for short-term overdrafts for trade settlement). • Leverage from use of derivatives is permitted, with the maximum permissible gross invested position (i.e. taking into account all securities and derivatives (long and short) held) being 150% of NAV, though the fund's positions in long securities and derivatives would not typically be greater than 100% of NAV.	• The fund does not borrow funds (except for short-term overdrafts for trade settlement). • Leverage from use of derivatives is permitted, with the maximum permissible gross invested position (i.e. taking into account all securities and derivatives (long and short) held) being 150% of NAV, though the fund's positions in long securities and derivatives would not typically be greater than 100% of NAV.	• The fund does not borrow funds (except for short-term overdrafts for trade settlement). • Leverage from use of derivatives is permitted, with the maximum permissible gross invested position (i.e. taking into account all securities and derivatives (long and short) held) being 150% of NAV, though the fund's positions in long securities and derivatives would not typically be greater than 100% of NAV.	• The fund does not borrow funds (except for short-term overdrafts for trade settlement). • Leverage from use of derivatives is permitted, with the maximum permissible gross invested position (i.e. taking into account all securities and derivatives (long and short) held) being 150% of NAV, though the fund's positions in long securities and derivatives would not typically be greater than 100% of NAV.	• The fund does not borrow funds (except for short-term overdrafts for trade settlement). • Leverage from use of derivatives is permitted, with the maximum permissible gross invested position (i.e. taking into account all securities and derivatives (long and short) held) being 150% of NAV, though the fund's positions in long securities and derivatives would not typically be greater than 100% of NAV.	None	• PMC does not borrow funds (except for short-term overdrafts for trade settlement). • Leverage from use of derivatives is permitted, with the maximum permissible gross invested position (i.e. taking into account all securities and derivatives (long and short) held) being 150% of NAV.	• PAI does not borrow funds (except for short-term overdrafts for trade settlement). • Leverage from use of derivatives is permitted, with the maximum permissible gross invested position (i.e. taking into account all securities and derivatives (long and short) held) being 150% of NAV, though PAI's positions in long securities and derivatives would not typically be greater than 100% of NAV.	• The fund does not borrow funds (except for short-term overdrafts for trade settlement).
Short-selling	Permitted	Permitted	Permitted	Not Permitted	Permitted	Permitted	Permitted	Permitted	Permitted	Permitted	Not Permitted	Permitted	Permitted, up to 50% of NAV, though typically no more than 20% of NAV	Not permitted
Currency	Actively managed using foreign exchange forwards, swaps, non-deliverable forwards, options and cash foreign exchange trades.	Actively managed using foreign exchange forwards, swaps, non-deliverable forwards, options and cash foreign exchange trades.	Actively managed using foreign exchange forwards, swaps, non-deliverable forwards, options and cash foreign exchange trades.	Actively managed using foreign exchange forwards, swaps, non-deliverable forwards, options and cash foreign exchange trades.	Actively managed using foreign exchange forwards, swaps, non-deliverable forwards, options and cash foreign exchange trades.	Actively managed using foreign exchange forwards, swaps, non-deliverable forwards, options and cash foreign exchange trades.	Actively managed using foreign exchange forwards, swaps, non-deliverable forwards, options and cash foreign exchange trades.	Actively managed using foreign exchange forwards, swaps, non-deliverable forwards, options and cash foreign exchange trades.	Actively managed using foreign exchange forwards, swaps, non-deliverable forwards, options and cash foreign exchange trades.	Actively managed using foreign exchange forwards, swaps, non-deliverable forwards, options and cash foreign exchange trades.	No Hedging	Actively managed using foreign exchange forwards, swaps, non-deliverable forwards, options and cash foreign exchange trades.	Actively managed using foreign exchange forwards, swaps, non-deliverable forwards, options and cash foreign exchange trades.	Actively managed using exchange traded derivatives and cash foreign exchange trades.

Fund	Platinum International Fund Complex ETF	Platinum Asia Fund Complex ETF	Platinum International Fund	Platinum Global Fund (Long Only)	Platinum Asia Fund	Platinum European Fund	Platinum Japan Fund	Platinum International Brands Fund	Platinum International Health Sciences Fund	Platinum International Technology Fund	GW&K Global Small Cap Fund	Platinum Capital Limited (PMC)	Platinum Asia Investments Limited (PAI)	Platinum Global Fund	-
Standard fee option (per annum)	N/A	N/A	Investment management fee: 1.35% of NAV. For more information about fees and costs: Download Fees & Costs PDF.	Investment management fee: 1.35% of NAV. For more information about fees and costs: Download Fees & Costs PDF.	Investment management fee: 1.35% of NAV. For more information about fees and costs: Download Fees & Costs PDF.	Investment management fee: 1.35% of NAV. For more information about fees and costs: Download Fees & Costs PDF.	Investment management fee: 1.35% of NAV. For more information about fees and costs: Download Fees & Costs PDF.	Investment management fee: 1.35% of NAV. For more information about fees and costs: Download Fees & Costs PDF.	Investment management fee: 1.35% of NAV. For more information about fees and costs: Download Fees & Costs PDF.	Investment management fee: 1.35% of NAV. For more information about fees and costs: Download Fees & Costs PDF.	Investment management fee: 1.10% of NAV. Administration fee: 0.10% of NAV. For more information about fees and costs: Download Fees & Costs PDF.	N/A	N/A	Investment management fee: 1.35% of NAV
Performance fee option (per annum)	- Investment management fee: 1.10% of NAV; plus - Performance fee: 15% of outperformance over benchmark	- Investment management fee: 1.10% of NAV; plus - Performance fee: 15% of outperformance over benchmark	- Investment management fee: 1.10% of NAV; plus - Performance fee: 15% of outperformance over benchmark. For more information about fees and costs: Download Fees & Costs PDF.	- Investment management fee: 1.10% of NAV; plus - Performance fee: 15% of outperformance over benchmark. For more information about fees and costs: Download Fees & Costs PDF.	- Investment management fee: 1.10% of NAV; plus - Performance fee: 15% of outperformance over benchmark. For more information about fees and costs: Download Fees & Costs PDF.	- Investment management fee: 1.10% of NAV; plus - Performance fee: 15% of outperformance over benchmark. For more information about fees and costs: Download Fees & Costs PDF.	- Investment management fee: 1.10% of NAV; plus - Performance fee: 15% of outperformance over benchmark. For more information about fees and costs: Download Fees & Costs PDF.	- Investment management fee: 1.10% of NAV; plus - Performance fee: 15% of outperformance over benchmark. For more information about fees and costs: Download Fees & Costs PDF.	- Investment management fee: 1.10% of NAV; plus Performance fee: 15% of outperformance over benchmark. For more information about fees and costs: Download Fees & Costs PDF.	- Investment management fee: 1.10% of NAV; plus - Performance fee: 15% of outperformance over benchmark. For more information about fees and costs: Download Fees & Costs PDF.	N/A	- Investment management fee: 1.10% (excl. GST) of NAV; plus - Performance fee: 15% (excl. GST) of outperformance over benchmark	- Investment management fee: 1.10% (excl. GST) of NAV; plus - Performance fee: 15% (excl. GST) of outperformance over benchmark	N/A
Buy/sell spread	No buy/sell spread applies when you buy or sell units in PIXX. (A fee or commission may be charged by your broker.) PIXX, however, pays a 0.15% buy/sell spread when it buys or sells units in its underlying fund, the Platinum International Fund.	No buy/sell spread applies when you buy or sell units in PAXX. (A fee or commission may be charged by your broker.) PAXX, however, pays a 0.15% buy/sell spread when it buys or sells units in its underlying fund, the Platinum Asia Fund.	0.15% of NAV unit price	0.10% of NAV unit price	0.15% of NAV unit price	0.20% of NAV unit price	0.15% of NAV unit price	0.20% of NAV unit price	0.15% of NAV unit price	0.10% of NAV unit price	0.10% of NAV unit price	No buy/sell spread applies. (A fee or commission may be charged by your broker.)	No buy/sell spread applies. (A fee or commission may be charged by your broker.)	0.15% of NAV unit price
Buy/sell directly through Platinum	No	No	Yes	Yes	Yes	Yes	Yes	Yes	Yes	Yes	Yes	No	No	Yes
Buy/sell on ASX through licensed brokers	Yes	Yes	No	No	No	No	No	No	No	No	No	Yes	Yes	Yes (through brokers participating in the ASX mFund Settlement Service)
Minimum initial investment required	No minimum requirement	No minimum requirement	A$10,000 or A$5,000 under a Regular Investment Plan	A$10,000 or A$5,000 under a Regular Investment Plan	A$10,000 or A$5,000 under a Regular Investment Plan	A$10,000 or A$5,000 under a Regular Investment Plan	A$10,000 or A$5,000 under a Regular Investment Plan	A$10,000 or A$5,000 under a Regular Investment Plan	A$10,000 or A$5,000 under a Regular Investment Plan	A$10,000 or A$5,000 under a Regular Investment Plan	A$10,000 or $10,000 under a Regular Investment Plan	No minimum requirement	No minimum requirement	A$10,000
Is Regular Investment Plan available?	No	No	Yes	Yes	Yes	Yes	Yes	Yes	Yes	Yes	Yes	No	No	Yes

Fund	Platinum International Fund Complex ETF	Platinum Asia Fund Complex ETF	Platinum International Fund	Platinum Global Fund (Long Only)	Platinum Asia Fund	Platinum European Fund	Platinum Japan Fund	Platinum International Brands Fund	Platinum International Health Sciences Fund	Platinum International Technology Fund	GW&K Global Small Cap Fund	Platinum Capital Limited (PMC)	Platinum Asia Investments Limited (PAI)	Platinum Global Fund	-
1 year	-1.7%	6.7%	-2.1%	-4.1%	6.2%	10.5%	15.1%	9.9%	-11.8%	9%	%	-1.8%	6.4%	-1.5%
5 years (compound p.a.)	7.2%	5.3%	6.8%	7.2%	5.1%	10.1%	7.5%	6.8%	0.3%	10.6%	%	6.1%	4.9%	8.8%
Since inception (compound p.a.)	5.5%	6.2%	10.9%	9.2%	12%	10.3%	12.4%	10.6%	8.1%	9.8%	%	10.5%	6.9%	8%
Inception date^ᶲ	12 Sep 2017	12 Sep 2017	30 Apr 1995	28 Jan 2005	4 Mar 2003	30 Jun 1998	30 Jun 1998	18 May 2000	10 Nov 2003	18 May 2000	31 March 2025	29 Jun 1994	15 Sep 2015	8 Sep 2014
Funds under management (A$ mil)^#	$159.3	$60.5	$3,713.6	$60.4	$1,921.3	$231.6	$250.5	$243.5	$241.0	$113.6	$24.8	$432.6	$400.5	$11.2

The information contained herein is general information only and is not intended to provide any person with financial product or other advice. It does not take into account any person's (or class of persons') investment objectives, financial situation or particular needs, and should not be used as the basis for making investment, financial or other decisions. The information contained in the investment strategy and guidelines section has been summarised and is not intended to be exhaustive. You should read the full product disclosure document(s) for the relevant financial product(s) before making any investment decision. We recommend that you consult a licensed or authorised financial adviser prior to making any investment decision.
^Without limiting the generality of the above disclaimer, any tax-related or legal information contained herein is general information and does not take into account your personal situation. It is not, and is not intended to constitute tax or legal advice and should not be relied upon for such purposes. We recommend that you consult a tax or legal adviser if you require advice on the tax or legal implications of investing in any of the financial products listed herein. To the extent permitted by law, no liability is accepted by any company of the Platinum Group® or their directors for any loss or damage as a result of any reliance on this information.
*Platinum Trust Funds: Fund returns are annualised, are calculated using the net asset value per unit (which does not include the buy/sell spread) of C Class of the fund and represent the combined income and capital returns of C Class over the specified period up to 30 April 2025. Returns are net of accrued fees and costs, are pre-tax, and assume the reinvestment of distributions.
PMC and PAI: Investment returns are annualised, 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 up to 30 April 2025. 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 annualised, 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 up to 30 April 2025. Returns are net of accrued fees and costs, are pre-tax, and assume the reinvestment of distributions.
Platinum Global Fund: Fund returns are annualised, 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 up to 30 April 2025. Returns are net of accrued fees and costs, are pre-tax, and assume the reinvestment of distributions.
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. Source: Platinum Investment Management Limited.
ᶲIn the case of the Platinum Trust Funds, the inception date of C Class is referenced.
#As at 30 April 2025. In the case of the Platinum Trust Funds, the funds under management are inclusive of both C Class and P Class.

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