Prices & Performance

Prices

Fund	Date	Entry (A$)	NAV per unit (A$)	Exit (A$)
-	-	-	-	-	Price History

Platinum International Fund (C Class)

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Date	Entry (A$)	NAV per unit (A$)	Exit (A$)	Distribution (A$)

Fund	Date	Entry (A$)	NAV per unit (A$)	Exit (A$)
-	-	-	-	-	Price History

Platinum Global Fund (mFund)

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Date	Entry (A$)	NAV per unit (A$)	Exit (A$)	Distribution (A$)

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Date	Estimated Pre-Tax NTA Backing Per Share (A$)	Estimated Post-Tax NTA Backing Per Share (A$)

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Date	Entry (A$)	NAV per unit (A$)	Exit (A$)	Distribution (A$ per unit)

Explanation of unit pricing dates

Standard Pricing Timeline

Where a withdrawal/application request is accepted by us by 3pm AEST on a , 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, Tuesday 1 September 2020, the application will generally receive the entry price calculated by reference to closing prices of global equity markets on Tuesday 1 September 2020. Withdrawal requests are processed in the same manner.

Public Holiday Pricing Timeline

Where a withdrawal/application request is accepted by us by 3pm AEST on a which falls prior to a public holiday, 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 Friday 2 October 2020, the prior to the Labour Day holiday, the application will generally receive the entry price calculated by reference to closing prices of global equity markets on Friday 2 October 2020. Withdrawal requests are processed in the same manner.

Unit prices are updated on our website at approximately 5:30 pm AEST each .

Please refer to New Investors and Existing Investors for detailed procedures on how to apply for units and make withdrawals.

Performance

Funds	1 mth	3 mth	6 mth	1 year	2 yrs p.a.	3 yrs p.a.	5 yrs p.a.	10 yrs p.a.	Since inception p.a.	Inception date	Funds A$ mil
-	-	-	-	-	-	-	-	-	-	-	-	-

INDICES	1 mth	3 mth	6 mth	1 year	2 yrs p.a.	3 yrs p.a.	5 yrs p.a.	10 yrs p.a.	Since inception p.a.	Inception date	Funds A$ mil
Platinum International Fund (C Class)	3.3%	3.5%	8.1%	14.3%	4.1%	9.7%	14.1%	7.4%	12.6%	30 Apr 1995	10,346.7	Chart

Platinum Trust Funds: C Class = standard fee class. P Class = performance fee class.
Fund returns are calculated using the net asset value (NAV) unit price (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. Fund returns are net of fees and costs, are pre-tax, and assume the reinvestment of distributions. Returns for P Class are net of any accrued investment performance fee.

PMC and PAI: The Company's returns are calculated using the Company’s pre-tax net tangible asset (NTA) backing per share (as released to the ASX monthly). Such returns are calculated after the deduction of fees and expenses, have been adjusted for taxes paid and any capital flows, and assume the reinvestment of dividends. The Company's returns have not been calculated using the Company’s share price.

PIXX, PAXX and PGTX: Fund returns are calculated using the Fund’s net asset value (NAV) unit price (which does not include the buy/sell spread) and represent the Fund’s combined income and capital returns over the specified period. Fund returns are pre-tax, assume the reinvestment of distributions, and are net of fees and costs as well as any accrued investment performance fee.

Platinum Global Fund: Fund returns are calculated using the Fund’s net asset value (NAV) unit price (which does not include the buy/sell spread) and represent the Fund’s combined income and capital returns over the specified period. Fund returns are net of 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 (NAV) unit price (which does not include the buy/sell spread) and represent the Fund’s combined income and capital returns over the specified period. Fund returns are net of 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.

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.

Index returns are inclusive of official dividends, but do not reflect fees or expenses. Where applicable, the gross MSCI indices were used prior to 31 December 1998 as the net MSCI indices did not exist then. Platinum does not invest by reference to the weightings of any index or benchmark. 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. Index returns are provided as a reference only.

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 a 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; Rimes Technologies Corporation 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.

The investment returns shown are cumulative on A$20,000 invested in Platinum Global Fund (Long Only) (P Class) over the specified period relative to the specified index. Fund returns are calculated using the daily net asset value (NAV) unit price (which does not include the buy/sell spread) of the specified unit class and represent the combined income and capital returns of the specified unit class over the specified period. Fund returns are pre-tax, assume the reinvestment of distributions, and are net of fees and costs as well as any accrued investment performance fee.

The MSCI Index returns are in Australian dollars and are inclusive of net official dividends in AUD. Index and cash returns do not reflect fees or expenses, and are provided as a reference only. Platinum does not invest by reference to the weightings of any index or benchmark. The Fund’s underlying assets are chosen through Platinum’s bottom-up investment process and, as a result, the Fund's holdings may vary considerably to the make-up of the MSCI Index.

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 the Fund’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 returns; Rimes Technologies Corporation and FactSet for MSCI Index returns; Bloomberg for S&P/ASX300 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. 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 & Conditions for full MSCI disclaimer.
The investment returns shown are cumulative on A$20,000 invested in Platinum Japan Fund (P Class) over the specified period relative to the specified index. Fund returns are calculated using the daily net asset value per unit (which does not include the buy/sell spread) of the specified unit class and represent the combined income and capital returns of the specified unit class over the specified period. Fund returns are net of accrued fees and costs, are pre-tax, and assume the reinvestment of distributions.

The MSCI Index returns are in Australian dollars and are inclusive of net official dividends in AUD. Index and cash returns do not reflect fees or expenses, and are provided as a reference only. Platinum does not invest by reference to the weightings of any index or benchmark. The Fund’s underlying assets are chosen through Platinum’s bottom-up investment process and, as a result, the Fund's holdings may vary considerably to the make-up of the MSCI Index.

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 the Fund’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 returns; Rimes Technologies Corporation and FactSet for MSCI Index returns; Bloomberg for S&P/ASX300 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. 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 & Conditions for full MSCI disclaimer.
The investment returns shown are cumulative on US$100 invested in Platinum Japan Fund Limited relative to the MSCI Japan Net Index US$ over the specified period. Investment returns reflect the change in the net asset value per share. They are net of all fees and expenses.

The investment program of the Fund differs significantly from that of the MSCI Index. The returns of the MSCI Index are only included for illustrative purposes. The investment returns shown are historical and no warranty can be given for future performance. You should be aware that historical performance is not a reliable indicator of future performance. Due to the volatility of the underlying assets of the Fund and other risk factors associated with investing, investment returns can be negative (particularly in the short-term).

Source: Platinum Investment Management Limited for Fund returns; 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. 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 & Conditions for full MSCI disclaimer.
The investment returns shown are cumulative on A$100 invested in Platinum International Fund (Quoted Managed Hedge Fund) (PIXX) over the specified period relative to the specified index. Fund returns are calculated using the Fund’s daily 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. Fund returns are net of accrued fees and costs, are pre-tax, and assume the reinvestment of distributions.

The MSCI Index returns are in Australian dollars and are inclusive of net official dividends. Cash returns reference the AusBond Bank Bill Index (AUBI). Index and cash returns do not reflect fees and expenses, and are provided as a reference only. Platinum does not invest by reference to the weightings of any index or benchmark. Fhe fund is a feeder fund and invests primarily in its underlying fund, the unlisted Platinum International Fund, the assets of which are chosen through Platinum’s bottom-up investment process and may therefore vary considerably to the make-up of the MSCI Index.

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 the Fund’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 returns; FactSet for MSCI index returns; Bloomberg for AUBI returns and S&P/ASX300 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. 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 & Conditions for full MSCI disclaimer.
The investment returns shown are cumulative on A$20,000 invested in Platinum International Technology Fund (C Class) over the specified period relative to the specified index. Fund returns are calculated using the daily net asset value per unit (which does not include the buy/sell spread) of the specified unit class and represent the combined income and capital returns of the specified unit class over the specified period. Fund returns are net of accrued fees and costs, are pre-tax, and assume the reinvestment of distributions.

The MSCI Index returns are in Australian dollars and are inclusive of net official dividends in AUD. Index and cash returns do not reflect fees or expenses, and are provided as a reference only. Platinum does not invest by reference to the weightings of any index or benchmark. The Fund’s underlying assets are chosen through Platinum’s bottom-up investment process and, as a result, the Fund's holdings may vary considerably to the make-up of the MSCI Index.

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 the Fund’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 returns; Rimes Technologies Corporation and FactSet for MSCI Index returns; Bloomberg for S&P/ASX300 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. 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 & Conditions for full MSCI disclaimer.
The investment returns shown are cumulative on A$20,000 invested in Platinum International Health Sciences Fund (C Class) over the specified period relative to the specified index. Fund returns are calculated using the daily net asset value per unit (which does not include the buy/sell spread) of the specified unit class and represent the combined income and capital returns of the specified unit class over the specified period. Fund returns are net of accrued fees and costs, are pre-tax, and assume the reinvestment of distributions.

The MSCI Index returns are in Australian dollars and are inclusive of net official dividends in AUD. Index and cash returns do not reflect fees or expenses, and are provided as a reference only. Platinum does not invest by reference to the weightings of any index or benchmark. The Fund’s underlying assets are chosen through Platinum’s bottom-up investment process and, as a result, the Fund's holdings may vary considerably to the make-up of the MSCI Index.

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 the Fund’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 returns; Rimes Technologies Corporation and FactSet for MSCI Index returns; Bloomberg for S&P/ASX300 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. 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 & Conditions for full MSCI disclaimer.
The investment returns shown are cumulative on A$20,000 invested in Platinum International Brands Fund (C Class) over the specified period relative to the specified index. Fund returns are calculated using the daily net asset value per unit (which does not include the buy/sell spread) of the specified unit class and represent the combined income and capital returns of the specified unit class over the specified period. Fund returns are net of accrued fees and costs, are pre-tax, and assume the reinvestment of distributions.

The MSCI Index returns are in Australian dollars and are inclusive of net official dividends in AUD. Index and cash returns do not reflect fees or expenses, and are provided as a reference only. Platinum does not invest by reference to the weightings of any index or benchmark. The Fund’s underlying assets are chosen through Platinum’s bottom-up investment process and, as a result, the Fund's holdings may vary considerably to the make-up of the MSCI Index.

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 the Fund’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 returns; Rimes Technologies Corporation and FactSet for MSCI Index returns; Bloomberg for S&P/ASX300 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. 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 & Conditions for full MSCI disclaimer.
The investment returns shown are cumulative on A$20,000 invested in Platinum European Fund (P Class) over the specified period relative to the specified index. Fund returns are calculated using the daily net asset value per unit (which does not include the buy/sell spread) of the specified unit class and represent the combined income and capital returns of the specified unit class over the specified period. Fund returns are net of accrued fees and costs, are pre-tax, and assume the reinvestment of distributions.

The MSCI Index returns are in Australian dollars and are inclusive of net official dividends in AUD. Index and cash returns do not reflect fees or expenses, and are provided as a reference only. Platinum does not invest by reference to the weightings of any index or benchmark. The Fund’s underlying assets are chosen through Platinum’s bottom-up investment process and, as a result, the Fund's holdings may vary considerably to the make-up of the MSCI Index.

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 the Fund’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 returns; Rimes Technologies Corporation and FactSet for MSCI Index returns; Bloomberg for S&P/ASX300 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. 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 & Conditions for full MSCI disclaimer.
The investment returns shown are cumulative on A$100 invested in Platinum Asia Fund (Quoted Managed Hedge Fund) (PAXX) over the specified period relative to the specified index. Fund returns are calculated using the Fund’s daily 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. Fund returns are net of accrued fees and costs, are pre-tax, and assume the reinvestment of distributions.

The MSCI Index returns are in Australian dollars and are inclusive of net official dividends. Cash returns reference the AusBond Bank Bill Index (AUBI). Index and cash returns do not reflect fees and expenses, and are provided as a reference only. Platinum does not invest by reference to the weightings of any index or benchmark. The Fund is a feeder fund and invests primarily in its underlying fund, the unlisted Platinum Asia Fund, the assets of which are chosen through Platinum’s bottom-up investment process and may therefore vary considerably to the make-up of the MSCI Index.

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 the Fund’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 returns; FactSet for MSCI index returns; Bloomberg for AUBI returns and S&P/ASX300 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. 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 & Conditions for full MSCI disclaimer.
The investment returns shown are cumulative on A$20,000 invested in Platinum Asia Fund (P Class) over the specified period relative to the specified index. Fund returns are calculated using the daily net asset value per unit (which does not include the buy/sell spread) of the specified unit class and represent the combined income and capital returns of the specified unit class over the specified period. Fund returns are net of accrued fees and costs, are pre-tax, and assume the reinvestment of distributions.

The MSCI Index returns are in Australian dollars and are inclusive of net official dividends in AUD. Index and cash returns do not reflect fees or expenses, and are provided as a reference only. Platinum does not invest by reference to the weightings of any index or benchmark. The Fund’s underlying assets are chosen through Platinum’s bottom-up investment process and, as a result, the Fund's holdings may vary considerably to the make-up of the MSCI Index.

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 the Fund’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 returns; Rimes Technologies Corporation and FactSet for MSCI Index returns; Bloomberg for S&P/ASX300 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. 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 & Conditions for full MSCI disclaimer.
The investment returns shown are cumulative on A$20,000 invested in Platinum Global Fund (Long Only) (C Class) over the specified period relative to the specified index. Fund returns are calculated using the daily net asset value per unit (which does not include the buy/sell spread) of the specified unit class and represent the combined income and capital returns of the specified unit class over the specified period. Fund returns are net of accrued fees and costs, are pre-tax, and assume the reinvestment of distributions.

The MSCI Index returns are in Australian dollars and are inclusive of net official dividends in AUD. Index and cash returns do not reflect fees or expenses, and are provided as a reference only. Platinum does not invest by reference to the weightings of any index or benchmark. The Fund’s underlying assets are chosen through Platinum’s bottom-up investment process and, as a result, the Fund's holdings may vary considerably to the make-up of the MSCI Index.

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 the Fund’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 returns; Rimes Technologies Corporation and FactSet for MSCI Index returns; Bloomberg for S&P/ASX300 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. 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 & Conditions for full MSCI disclaimer.
The investment returns shown are cumulative on A$100 invested in Platinum Capital Limited (ASX code: PMC) over the specified period relative to the specified index. PMC’s returns are calculated using PMC’s monthly pre-tax net tangible asset (NTA) backing per share (as released to the ASX) and represent PMC’s combined income and capital returns over the specified period. PMC’s returns are net of accrued fees and costs, and assume the reinvestment of dividends. Note that performance is not calculated based on PMC’s share price.

The net MSCI index is used, except, where applicable, the gross MSCI index was used prior to 31 December 1998 as the net MSCI index did not exist then. The MSCI Index returns are inclusive of Australian dollars and are inclusive of official dividends. Index and cash returns do not reflect fees and expenses, and are provided as a reference only. Platinum does not invest by reference to the weightings of any index or benchmark. PMC’s underlying assets are chosen through Platinum’s bottom-up investment process and, as a result, may vary considerably to the make-up of the MSCI Index.

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 PMC’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 returns; Rimes Technologies Corporation and FactSet for MSCI Index returns; Bloomberg for S&P/ASX300 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 & Conditions for full MSCI disclaimer.
The investment returns shown are cumulative on A$20,000 invested in Platinum Japan Fund (C Class) over the specified period relative to the specified index. Fund returns are calculated using the daily net asset value per unit (which does not include the buy/sell spread) of the specified unit class and represent the combined income and capital returns of the specified unit class over the specified period. Fund returns are net of accrued fees and costs, are pre-tax, and assume the reinvestment of distributions.

The MSCI Index returns are in Australian dollars and are inclusive of net official dividends in AUD. Index and cash returns do not reflect fees or expenses, and are provided as a reference only. Platinum does not invest by reference to the weightings of any index or benchmark. The Fund’s underlying assets are chosen through Platinum’s bottom-up investment process and, as a result, the Fund's holdings may vary considerably to the make-up of the MSCI Index.

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 the Fund’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 returns; Rimes Technologies Corporation and FactSet for MSCI Index returns; Bloomberg for S&P/ASX300 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. 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 & Conditions for full MSCI disclaimer.
The investment returns shown are cumulative on A$10,000 invested in Platinum Global Fund (mFund code: PLM01) over the specified period relative to the specified index. Fund returns are calculated using the Fund’s daily 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. Fund returns are net of accrued fees and costs, are pre-tax, and assume the reinvestment of distributions.

The MSCI Index returns are in Australian dollars and are inclusive of net official dividends in AUD. Index and cash returns do not reflect fees or expenses, and are provided as a reference only. Platinum does not invest by reference to the weightings of any index or benchmark. The Fund’s underlying assets are chosen through Platinum’s bottom-up investment process and, as a result, the Fund's holdings may vary considerably to the make-up of the MSCI Index.

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 the Fund’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 returns; Rimes Technologies Corporation and FactSet for MSCI Index returns; Bloomberg for S&P/ASX300 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. 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 & Conditions for full MSCI disclaimer.
The investment returns shown are cumulative on US$100 invested in Platinum Fund Limited relative to the MSCI All Country World Net Index US$ over the specified period. Investment returns reflect the change in the net asset value per share. They are net of all fees and expenses.

The investment program of the Fund differs significantly from that of the MSCI Index. The returns of the MSCI Index are only included for illustrative purposes. The investment returns shown are historical and no warranty can be given for future performance. You should be aware that historical performance is not a reliable indicator of future performance. Due to the volatility of the underlying assets of the Fund and other risk factors associated with investing, investment returns can be negative (particularly in the short-term).

Source: Platinum Investment Management Limited for Fund returns; Rimes Technologies Corporation and FactSet for MSCI Index returns; Bloomberg for S&P/ASX300 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. 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 & Conditions for full MSCI disclaimer.
The investment returns shown are cumulative on A$20,000 invested in Platinum European Fund (C Class) over the specified period relative to the specified index. Fund returns are calculated using the daily net asset value per unit (which does not include the buy/sell spread) of the specified unit class and represent the combined income and capital returns of the specified unit class over the specified period. Fund returns are net of accrued fees and costs, are pre-tax, and assume the reinvestment of distributions.

The MSCI Index returns are in Australian dollars and are inclusive of net official dividends in AUD. Index and cash returns do not reflect fees or expenses, and are provided as a reference only. Platinum does not invest by reference to the weightings of any index or benchmark. The Fund’s underlying assets are chosen through Platinum’s bottom-up investment process and, as a result, the Fund's holdings may vary considerably to the make-up of the MSCI Index.

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 the Fund’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 returns; Rimes Technologies Corporation and FactSet for MSCI Index returns; Bloomberg for S&P/ASX300 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. 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 & Conditions for full MSCI disclaimer.
The investment returns shown are cumulative on A$100 invested in Platinum Asia Investments Limited (ASX code: PAI) over the specified period relative to the specified index. PAI’s returns are calculated using PAI’s monthly pre-tax net tangible asset (NTA) backing per share (as released to the ASX) and represent PAI’s combined income and capital returns over the specified period. PAI’s returns are net of accrued fees and costs, and assume the reinvestment of dividends. Note that performance is not calculated based on PAI’s share price.

The MSCI Index returns are in Australian dollars and are inclusive of net official dividends. Index and cash returns do not reflect fees and expenses, and are provided as a reference only. Platinum does not invest by reference to the weightings of any index or benchmark. PAI’s underlying assets are chosen through Platinum’s bottom-up investment process and, as a result, may vary considerably to the make-up of the MSCI Index.

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 PAI’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 returns; Rimes Technologies Corporation and FactSet for MSCI Index returns; Bloomberg for S&P/ASX300 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 & Conditions for full MSCI disclaimer.
The investment returns shown are cumulative on A$20,000 invested in Platinum Asia Fund (C Class) over the specified period relative to the specified index. Fund returns are calculated using the daily net asset value per unit (which does not include the buy/sell spread) of the specified unit class and represent the combined income and capital returns of the specified unit class over the specified period. Fund returns are net of accrued fees and costs, are pre-tax, and assume the reinvestment of distributions.

The MSCI Index returns are in Australian dollars and are inclusive of net official dividends in AUD. Index and cash returns do not reflect fees or expenses, and are provided as a reference only. Platinum does not invest by reference to the weightings of any index or benchmark. The Fund’s underlying assets are chosen through Platinum’s bottom-up investment process and, as a result, the Fund's holdings may vary considerably to the make-up of the MSCI Index.

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 the Fund’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 returns; Rimes Technologies Corporation and FactSet for MSCI Index returns; Bloomberg for S&P/ASX300 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. 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 & Conditions for full MSCI disclaimer.
The investment returns shown are cumulative on A$100 invested in MLC Platinum Global Fund over the specified period relative to the specified index. Fund returns are calculated using the Fund’s daily 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. Fund returns are net of accrued fees and costs, are pre-tax, and assume the reinvestment of distributions.

The MSCI Index returns are in Australian dollars and are inclusive of net official dividends in AUD. Index and cash returns do not reflect fees or expenses, and are provided as a reference only. Platinum does not invest by reference to the weightings of any index or benchmark. The Fund’s underlying assets are chosen through Platinum’s bottom-up investment process and, as a result, the Fund's holdings may vary considerably to the make-up of the MSCI Index.

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 the Fund’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 returns; Rimes Technologies Corporation and FactSet for MSCI Index returns; Bloomberg for S&P/ASX300 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. 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 & Conditions for full MSCI disclaimer.
The investment returns shown are cumulative on A$20,000 invested in Platinum International Technology Fund (P Class) over the specified period relative to the specified index. Fund returns are calculated using the daily net asset value per unit (which does not include the buy/sell spread) of the specified unit class and represent the combined income and capital returns of the specified unit class over the specified period. Fund returns are net of accrued fees and costs, are pre-tax, and assume the reinvestment of distributions.

The MSCI Index returns are in Australian dollars and are inclusive of net official dividends in AUD. Index and cash returns do not reflect fees or expenses, and are provided as a reference only. Platinum does not invest by reference to the weightings of any index or benchmark. The Fund’s underlying assets are chosen through Platinum’s bottom-up investment process and, as a result, the Fund's holdings may vary considerably to the make-up of the MSCI Index.

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 the Fund’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 returns; Rimes Technologies Corporation and FactSet for MSCI Index returns; Bloomberg for S&P/ASX300 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. 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 & Conditions for full MSCI disclaimer.
The investment returns shown are cumulative on A$20,000 invested in Platinum International Health Sciences Fund (P Class) over the specified period relative to the specified index. Fund returns are calculated using the daily net asset value per unit (which does not include the buy/sell spread) of the specified unit class and represent the combined income and capital returns of the specified unit class over the specified period. Fund returns are net of accrued fees and costs, are pre-tax, and assume the reinvestment of distributions.

The MSCI Index returns are in Australian dollars and are inclusive of net official dividends in AUD. Index and cash returns do not reflect fees or expenses, and are provided as a reference only. Platinum does not invest by reference to the weightings of any index or benchmark. The Fund’s underlying assets are chosen through Platinum’s bottom-up investment process and, as a result, the Fund's holdings may vary considerably to the make-up of the MSCI Index.

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 the Fund’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 returns; Rimes Technologies Corporation and FactSet for MSCI Index returns; Bloomberg for S&P/ASX300 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. 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 & Conditions for full MSCI disclaimer.
The investment returns shown are cumulative on A$20,000 invested in Platinum International Brands Fund (P Class) over the specified period relative to the specified index. Fund returns are calculated using the daily net asset value per unit (which does not include the buy/sell spread) of the specified unit class and represent the combined income and capital returns of the specified unit class over the specified period. Fund returns are net of accrued fees and costs, are pre-tax, and assume the reinvestment of distributions.

The MSCI Index returns are in Australian dollars and are inclusive of net official dividends in AUD. Index and cash returns do not reflect fees or expenses, and are provided as a reference only. Platinum does not invest by reference to the weightings of any index or benchmark. The Fund’s underlying assets are chosen through Platinum’s bottom-up investment process and, as a result, the Fund's holdings may vary considerably to the make-up of the MSCI Index.

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 the Fund’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 returns; Rimes Technologies Corporation and FactSet for MSCI Index returns; Bloomberg for S&P/ASX300 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. 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 & Conditions for full MSCI disclaimer.
The investment returns shown are cumulative on A$20,000 invested in Platinum International Fund (P Class) over the specified period relative to the specified index. Fund returns are calculated using the daily net asset value (NAV) unit price (which does not include the buy/sell spread) of the specified unit class and represent the combined income and capital returns of the specified unit class over the specified period. Fund returns are pre-tax, assume the reinvestment of distributions, and are net of fees and costs as well as any accrued investment performance fee.

The MSCI Index returns are in Australian dollars and are inclusive of net official dividends in AUD. Index and cash returns do not reflect fees or expenses, and are provided as a reference only. Platinum does not invest by reference to the weightings of any index or benchmark. The Fund’s underlying assets are chosen through Platinum’s bottom-up investment process and, as a result, the Fund's holdings may vary considerably to the make-up of the MSCI Index.

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 the Fund’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 returns; Rimes Technologies Corporation and FactSet for MSCI Index returns; Bloomberg for S&P/ASX300 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. 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 & Conditions for full MSCI disclaimer.
The investment returns shown are cumulative on A$20,000 invested in Platinum International Fund (C Class) over the specified period relative to the specified index. Fund returns are calculated using the daily net asset value (NAV) unit price (which does not include the buy/sell spread) of the specified unit class and represent the combined income and capital returns of the specified unit class over the specified period. Fund returns are net of fees and costs, are pre-tax, and assume the reinvestment of distributions.

The MSCI Index returns are in Australian dollars and are inclusive of net official dividends in AUD. Index and cash returns do not reflect fees or expenses, and are provided as a reference only. Platinum does not invest by reference to the weightings of any index or benchmark. The Fund’s underlying assets are chosen through Platinum’s bottom-up investment process and, as a result, the Fund's holdings may vary considerably to the make-up of the MSCI Index.

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 the Fund’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 returns; Rimes Technologies Corporation and FactSet for MSCI Index returns; Bloomberg for S&P/ASX300 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. 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 & Conditions for full MSCI disclaimer.
The investment returns depicted in this graph are cumulative on A$10,000 invested in the specified fund over the specified period relative to the specified index. Fund returns are calculated using the fund’s daily 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. Investment 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. Due to the volatility in the fund’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 returns.

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