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High conviction international equities portfolio investing with industry leaders across all market caps, and exposure to high quality companies in well-structured industries
Typically unhedged. The Fund permits the use of derivatives to hedge significant currency exposure if considered to be in the best interests of investors
Ease of access via the ASX

Quoted on the ASX and accessible through brokers, PIXX provides a simple and convenient means for investors to gain exposure to an actively managed, high conviction, long only portfolio of companies from around the world and across industry sectors.

Investor Portal

Fund overview

Inception date

12 September 2017

Investment objective

The Fund aims to outperform the MSCI World Net Total Return Index in A$ net of fees and expenses over rolling 5-year periods.

Investment strategy

The Platinum International Fund is a high-conviction international equities strategy focused on investing in listed global companies. The strategy typically invests in approximately 25 high-quality businesses with favourable cash flow-based valuations operating in well-structured industries.

The investment approach is based on:
• Fundamental, bottom-up research and analysis
• Detailed risk assessment
• A high investment threshold focused on quality and valuation discipline
• Long-only investing with no leverage or short selling

Investment philosophy

The strategy seeks to deliver attractive long-term, risk-adjusted returns by investing in high-quality companies that the manager understands well and believes are trading at attractive valuations. The portfolio construction process emphasises conviction, quality, and downside risk management.

Benchmark

MSCI World Net Total Return Index in A$

Holdings

20 – 40 stocks

Position sizes

• Minimum 2%
• Typical 3 – 7%
• Maximum 10% (at initial investment)

Geography

Developed markets North America, Europe, Asia, Australia/NZ

Legal structure

An open-ended managed fund quoted on the ASX AQUA market

Underlying fund

Platinum International Fund (PIF) is the underlying fund that PIXX feeds into

Distribution

Annually at 30 June

Management costs

1.10% p.a. of NAV, plus
15% of outperformance over benchmark (MSCI All Country World Net Index in $A)

Intra-day iNAV

Platinum International Fund Active ETF (ASX:PIXX)

(PIXX)

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

Current share price

Platinum International Fund Active ETF (ASX:PIXX)

(ASX: PIXX)

Share price is delayed by 20 minutes.

Period
From
To

Historical share price

ASX announcements

There are no announcements to display from this year

Fund performance

Net performance as at **DATE**. The inception date of Platinum International Active ETF (ASX: PIXX) is 12 September 2017. Past performance is not a reliable indicator of future returns.

Source: Platinum for Fund returns and FactSet Research Systems Inc. (“FactSet”) for MSCI returns. On 1 October 2025 L1 Capital International Pty Ltd (L1 Capital International) became the Fund’s appointed sub investment adviser, changing the portfolio of the Fund to a concentrated long only style from a diversified long short style. The benchmark changed to the MSCI World Net Total Return Index. Investors should not expect the returns of the Fund prior to 1 October 2025 to any way be indicative of future returns. Returns prior to 1 October 2025 have been shown for information purposes only. Investors should exercise extreme caution in placing any reliance on these returns for the purposes of making any decisions about an investment in the Fund. Fund returns are net of accrued fees and costs, pre-tax, and assume the reinvestment of distributions.

Neither MSCI nor any other party involved in or related to compiling, computing or creating the MSCI data makes any express or implied warranties or representations with respect to such data (or the results to be obtained by the use thereof), and all such parties hereby expressly disclaim all warranties of originality, accuracy, completeness, merchantability or fitness for a particular purpose with respect to any of such data. Without limiting any of the foregoing, in no event shall MSCI, any of its affiliates or any third party involved in or related to compiling, computing or creating the data have any liability for any direct, indirect, special, punitive, consequential or any other damages (including lost profits) even if notified of the possibility of such damages. No further distribution or dissemination of the MSCI data is permitted without MSCI’s express written consent.

*MSCI World Net Total Return Index in A$.

Fund reports

Download
May 2026
April 2026
March 2026
February 2026
January 2026
December 2025
November 2025
October 2025
September 2025
August 2025
July 2025
June 2025

Continuous disclosure

Distribution history

For historical distribution information across all funds, please visit the Distribution history page.

FAQs

Investor contacts

Registered Office



Platinum Investment Management
Level 8, 7 Macquarie Place, Sydney NSW 2000
+61 (2) 9255 7500
invest@platinum.com.au

 

Unit Registry

Apex Fund Services Pty Ltd

Phone 1300 133 451
Fax +61 2 9251 3525
Email L1Platinum@Apexgroup.com

Disclaimer
This page has been prepared for Platinum Investment Management Limited ABN 25 063 565 006 AFSL 221935, trading as Platinum Asset Management (“Platinum”), is the responsible entity of the Platinum International Fund Active ETF (the “Fund”). The Fund’s latest Product Disclosure Statement (the “PDS”) provides details about the Fund. You can obtain a copy of the PDS from Platinum’s website www.platinum.com.au, or by contacting Investor Services on 1300 726 700 (Australian investors only), or 0800 700 726 (New Zealand investors only), or 02 9255 7500, or via invest@platinum.com.au. The Fund’s target market determination is available here.

The information contained in this presentation is general information only and not intended to be financial product advice. It has not been prepared taking into account any particular investor’s or class of investors’ investment objectives, financial situation or needs, and should not be used as the basis for making investment, financial or other decisions. You should read the entire PDS and consider your particular investment objectives, financial situation and needs prior to making any investment decision to invest in the Fund. You should also obtain professional advice prior to making an investment decision.​

Commentary reflects Platinum’s views and beliefs at the time of preparation, which are subject to change without notice. While the information in this page has been prepared in good faith and with reasonable care, no representation or warranty, express or implied, is made as to the accuracy, adequacy or reliability of any statements, estimates, opinions or other information contained in the presentation, and to the extent permitted by law, no liability is accepted by any company of the L1 Group or their directors, officers or employees for any loss or damage as a result of any reliance on this information. The L1 Group means L1 Group Limited ABN 13 050 064 287 and all of its subsidiaries and associated entities (including Platinum). Some numerical figures in this presentation have been subject to rounding adjustments. Certain information contained in this presentation may constitute “forward-looking statements”. Due to various risks and uncertainties, actual events or results, may differ materially from those reflected or contemplated in such forward-looking statements and no undue reliance should be placed on those forward-looking statements. ​​

Any reference to long positions in this presentation means a position which the portfolio holds in an attempt to benefit from an increase in value of the underlying security of the position. Any reference to short positions means a position in which the portfolio holds in an attempt to benefit from a decrease in value of the underlying security of the position. Accordingly, long positions represent the Fund’s exposure to direct long securities positions and indirect long securities/index positions through derivatives; and short positions represent the Fund’s exposure to direct short securities positions and indirect short securities/index positions through derivatives, each as a percentage of the Fund’s NAV.​