Platinum Global Fund (mFund code: PLM01)
Investment objective:
To provide capital growth over the long-term by investing in undervalued companies from around the world
Key benefits:
- Access to a manager with a proven investment philosophy and method for selecting undervalued stocks and a team of experienced investment professionals
- Actively managed currency exposures providing substantial diversification from the Australian dollar
- Annual distribution of the fund’s income, including net realised capital gains
- Flexibility of investing directly with Platinum or through licensed brokers participating in the ASX mFund Settlement Service
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Legal structure:
Unlisted, open-ended unit trust
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Annually as at 30 June
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1.35% p.a. of NAV
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A$10,000 or NZ$10,000(same under regular investment plan)
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0.15% / 0.15% of NAV unit price
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Updates:
Subscribe to receive PGF updates by email
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Portfolio Manager(s)
Fees & Forms
Fees & Costs
Management Costs
Fee type | Amount |
Investment management fee (Accrued daily, reflected in daily net asset value (NAV) unit price, and paid monthly to Platinum from the fund’s assets.) |
1.35%# per annum of the fund’s net asset value #Inclusive of GST and net of any expected reduced input tax credits. |
For further explanation on fees and costs as well as examples of fee calculations, please refer to the Product Disclosure Statement and Additional Information Booklet.
Buy/sell Spread
Buy costs (buy spread) | 0.15% of the fund’s net asset value unit price on the dealing day | Included in the entry price |
Sell costs (sell spread) | 0.15% of the fund’s net asset value unit price on the dealing day | Included in the exit price |
What is the buy/sell spread?
Buy costs are charged to enter the fund (that is, to buy units) and sell costs are charged to exit the fund (that is, to withdraw units). They are charged because entering or exiting the fund necessitates the buying or selling of investments by the fund, which means that the fund will incur transactional and operational costs. The buy and sell costs are based on Platinum’s estimate of the transactional and operational costs incurred by the fund to invest application money received or sell assets to fund withdrawal payments.
The buy/sell costs are not fees paid to Platinum – they are retained in the fund to cover transactional and operational costs as they are incurred. The reason for charging buy/sell spreads is to ensure that non-transacting investors do not pay the transactional and operational costs associated with other investors entering or exiting the fund.
Total Transactional and Operational Costs
For the Platinum Global Fund, our estimate of the gross transaction costs for the 2021/2022 financial year are:
Gross transactional costs (% p.a. of NAV) |
Recovery through buy/sell Spread (% p.a. of NAV) |
Net transaction costs (% p.a. of NAV) |
0.18% | (0.03%) | 0.15% |
How to Invest & Transact
Who may invest in the fund | The fund is open for investment to persons (including individuals, companies, trustees, partnerships, etc.) receiving the Product Disclosure Statement (PDS) and the Additional Information Booklet in Australia and New Zealand. |
Applications / Withdrawals | Any Business Day |
Minimum initial investment | Invest directly through Platinum: A$10,000 or NZ$10,000 Go to New Investors for Application Form and further details. Invest though the ASX mFund Settlement Service via a licensed broker: A$10,000 |
Minimum additional investment | A$1,000 Go to Existing Investors for Additional Investment Form and further details. |
Regular investment plan | A regular investment plan can only be set up through Platinum, not through your broker.
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Minimum withdrawal amount | A$10,000, or the entire balance of your investment in the fund where the withdrawal would cause your balance to fall below A$10,000. Go to Existing Investors for Withdrawal Form and further details. |
Minimum investment balance | A$10,000 |
Distributions |
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Reporting | You will receive from us transaction confirmations, holding statements, quarterly investment reports and annual distribution and tax statements. Log onto the Secure Client Website to access your investment account. |
For further details about investing in the fund, please refer to the latest Product Disclosure Statement and Additional Information Booklet.
Forms
These forms are intended for Australian and New Zealand residents.
If you are not resident in Australia or New Zealand, contact us to find out whether you are eligible to invest in the fund.
Please print, complete & sign the forms.
Investment Strategy
The Platinum Global Fund invests in companies that Platinum believes to be undervalued by the market. The fund is not required to allocate its investments in set percentages in particular countries or sectors and may invest in emerging markets without limit. Cash may be held when opportunities to make investments in undervalued securities are scarce. Accordingly, the fund may at times hold significant cash positions.
The fund’s key investment guidelines are summarised below. For further details, please refer to the Product Disclosure Statement and Additional Information Booklet.
Suggested time horizon | 5 or more years | ||||||||
Geographic limits | N/A | ||||||||
Industry/sector limits | N/A | ||||||||
Number of securities in portfolio | Typically 40 to 140 securities | ||||||||
Asset allocation range |
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Derivatives | The fund may invest up to 10% of its net asset value in exchange traded derivatives to gain access to foreign markets or to take opportunities to increase returns. | ||||||||
Short-selling | No short-selling is undertaken for the fund. | ||||||||
Currency | The fund may use derivatives to manage its foreign currency exposure. See Platinum’s risk management strategies for further details. |
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Borrowing | Platinum’s policy is not to borrow on behalf of the fund for the purpose of investing the money borrowed. | ||||||||
Securities lending | Not undertaken. |
ASX Releases and Updates
ASX Announcements
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DateAnnouncements
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06 Dec 2023
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06 Nov 2023
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05 Oct 2023
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06 Sep 2023
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30 Aug 2023
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04 Aug 2023
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11 Jul 2023
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06 Jul 2023
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06 Jun 2023
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04 May 2023
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06 Apr 2023
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06 Mar 2023
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06 Feb 2023
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06 Jan 2023
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06 Dec 2022
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04 Nov 2022
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07 Oct 2022
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07 Sep 2022
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31 Aug 2022
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04 Aug 2022
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21 Jul 2022
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07 Jul 2022
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06 Jun 2022
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05 May 2022
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07 Apr 2022
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04 Mar 2022
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25 Feb 2022
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04 Feb 2022
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06 Jan 2022
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06 Dec 2021
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07 Oct 2021
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01 Oct 2021
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06 Sep 2021
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31 Aug 2021
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06 Aug 2021
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08 Jul 2021
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07 Jul 2021
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04 Jun 2021
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20 May 2021
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06 May 2021
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08 Apr 2021
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04 Mar 2021
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25 Feb 2021
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04 Feb 2021
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07 Jan 2021
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07 Dec 2020
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04 Dec 2020
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05 Nov 2020
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07 Oct 2020
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07 Sep 2020
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01 Sep 2020
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07 Aug 2020
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07 Jul 2020
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04 Jun 2020
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06 May 2020
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06 Apr 2020
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03 Mar 2020
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28 Feb 2020
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07 Feb 2020
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10 Jan 2020
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10 Jan 2020
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07 Jan 2020
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05 Dec 2019
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05 Nov 2019
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03 Oct 2019
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13 Sep 2019
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05 Sep 2019
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07 Aug 2019
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05 Jul 2019
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05 Jul 2019
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06 Jun 2019
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06 May 2019
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04 Apr 2019
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06 Mar 2019
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20 Feb 2019
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07 Jan 2019
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07 Dec 2018
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07 Nov 2018
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04 Oct 2018
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07 Sep 2018
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06 Aug 2018
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05 Jul 2018
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07 Jun 2018
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04 May 2018
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06 Apr 2018
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07 Mar 2018
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22 Feb 2018
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07 Feb 2018
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09 Jan 2018
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07 Dec 2017
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07 Nov 2017
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10 Oct 2017
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11 Sep 2017
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30 Aug 2017
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29 Aug 2017
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08 Aug 2017
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10 Jul 2017
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10 Jul 2017
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03 Jul 2017
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03 Jul 2017
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07 Jun 2017
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05 May 2017
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10 Apr 2017
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07 Mar 2017
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07 Feb 2017
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07 Jan 2017
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07 Dec 2016
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07 Nov 2016
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07 Oct 2016
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08 Sep 2016
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30 Aug 2016
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05 Aug 2016
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11 Jul 2016
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11 Jul 2016
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07 Jun 2016
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06 May 2016
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08 Apr 2016
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07 Mar 2016
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05 Feb 2016
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08 Jan 2016
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07 Dec 2015
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06 Nov 2015
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08 Oct 2015
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07 Sep 2015
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31 Aug 2015
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07 Aug 2015
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10 Jul 2015
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09 Jul 2015
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05 Jun 2015
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07 May 2015
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09 Apr 2015
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06 Mar 2015
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09 Feb 2015
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07 Jan 2015
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07 Dec 2014
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07 Nov 2014
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08 Oct 2014
Monthly Updates
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30 Nov 2023
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31 Oct 2023
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30 Sep 2023
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31 Aug 2023
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31 Jul 2023
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30 Jun 2023
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31 May 2023
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30 Apr 2023
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31 Mar 2023
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28 Feb 2023
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31 Jan 2023
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31 Dec 2022
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30 Nov 2022
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31 Oct 2022
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30 Sep 2022
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31 Aug 2022
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31 Jul 2022
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30 Jun 2022
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31 May 2022
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30 Apr 2022
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31 Mar 2022
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28 Feb 2022
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31 Jan 2022
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31 Dec 2021
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30 Nov 2021
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31 Oct 2021
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30 Sep 2021
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31 Aug 2021
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31 Jul 2021
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30 Jun 2021
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31 May 2021
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30 Apr 2021
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31 Mar 2021
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28 Feb 2021
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31 Jan 2021
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31 Dec 2020
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30 Nov 2020
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31 Oct 2020
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30 Sep 2020
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31 Aug 2020
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31 Jul 2020
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30 Jun 2020
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31 May 2020
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30 Apr 2020
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31 Mar 2020
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29 Feb 2020
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31 Jan 2020
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31 Dec 2019
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30 Nov 2019
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31 Oct 2019
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30 Sep 2019
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31 Aug 2019
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31 Jul 2019
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30 Jun 2019
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31 May 2019
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30 Apr 2019
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31 Mar 2019
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28 Feb 2019
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31 Jan 2019
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31 Dec 2018
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30 Nov 2018
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31 Oct 2018
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30 Sep 2018
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31 Aug 2018
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31 Jul 2018
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30 Jun 2018
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31 May 2018
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30 Apr 2018
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31 Mar 2018
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28 Feb 2018
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31 Jan 2018
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31 Dec 2017
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30 Nov 2017
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31 Oct 2017
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30 Sep 2017
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31 Aug 2017
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31 Jul 2017
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30 Jun 2017
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31 May 2017
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30 Apr 2017
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31 Mar 2017
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28 Feb 2017
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31 Jan 2017
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31 Dec 2016
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30 Nov 2016
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31 Oct 2016
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30 Sep 2016
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31 Aug 2016
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31 Jul 2016
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30 Jun 2016
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31 May 2016
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30 Apr 2016
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31 Mar 2016
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29 Feb 2016
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31 Jan 2016
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31 Dec 2015
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30 Nov 2015
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31 Oct 2015
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30 Sep 2015
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31 Aug 2015
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31 Jul 2015
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30 Jun 2015
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31 May 2015
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30 Apr 2015
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31 Mar 2015
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28 Feb 2015
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31 Jan 2015
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31 Dec 2014
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30 Nov 2014
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31 Oct 2014
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30 Sep 2014
Quarterly Investment Manager's Report
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30 Sep 2023
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30 Jun 2023
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31 Mar 2023
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31 Dec 2022
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30 Sep 2022
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30 Jun 2022
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31 Mar 2022
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31 Dec 2021
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30 Sep 2021
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30 Jun 2021
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31 Mar 2021
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31 Dec 2020
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30 Sep 2020
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30 Jun 2020
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31 Mar 2020
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31 Dec 2019
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30 Sep 2019
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30 Jun 2019
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31 Mar 2019
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31 Dec 2018
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30 Sep 2018
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30 Jun 2018
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31 Mar 2018
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31 Dec 2017
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30 Sep 2017
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30 Jun 2017
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31 Mar 2017
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31 Dec 2016
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30 Sep 2016
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30 Jun 2016
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31 Mar 2016
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31 Dec 2015
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30 Sep 2015
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30 Jun 2015
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31 Mar 2015
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31 Dec 2014
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30 Sep 2014
Distribution and Tax Statements
Financial Statements
Continuous Disclosure
Change of buy / sell spread
Effective 16 August 2023, the buy / sell spread for the following Platinum Trust Fund will change to:
Fund |
Current buy / sell spread |
New buy / sell spread |
Platinum International Brands Fund |
0.15% / 0.15% |
0.20% / 0.20% |
The buy / sell spread for the remaining Platinum Trust Funds and Platinum Global Fund have not changed. These are as follows:
Fund |
Current buy / sell spread |
Platinum International Fund |
0.15% / 0.15% |
Platinum Asia Fund |
0.15% / 0.15% |
Platinum European Fund |
0.20% / 0.20% |
Platinum Japan Fund |
0.15% / 0.15% |
Platinum Global Fund (Long Only) |
0.10% / 0.10% |
Platinum International Health Sciences Fund |
0.15% / 0.15% |
Platinum International Technology Fund |
0.10% / 0.10% |
Platinum Global Fund |
0.15% / 0.15% |
Buy / sell spreads for the Funds are generally reviewed by Platinum every six months having regard to each Fund’s historic six monthly average of transactional and operational costs over a rolling three year period.
For an explanation of the buy / sell spread, please see page 46 of the Platinum Trust Product Disclosure Statement dated 3 October 2023, and page 7 of the Platinum Global Fund Product Disclosure Statement dated 5 October 2021. Any changes to the buy / sell spreads for the Platinum Trust Funds and/or the Platinum Global Fund will be updated on the continuous disclosure section of the relevant Fund on our website, www.platinum.com.au.
Annual Investment Returns: Platinum Global Fund
Annual Investment Return Year to 30 June |
% Returns |
2023 |
22.48 |
2022 |
(14.26) |
2021 |
34.52 |
2020 |
(2.36) |
2019 |
(1.06) |
Investment returns are calculated using the Fund’s unit price (C Class) and represent the combined income and capital return for the specific period. They are net of fees and costs (excluding the buy/sell spread and any investment performance fee payable), 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 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
Prices & Distributions
Unit Price History
Date | Entry (A$) | NAV per unit (A$) | Exit (A$) | Distribution (A$ per unit) |
- | - | - | - | - |
Date | Entry (A$) | NAV per unit (A$) | Exit (A$) | Distribution (A$ per unit) |
- | - | - | - | - |
Learn more about unit pricing dates
Standard Pricing Timeline
Public Holiday Pricing
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
Please refer to New Investors and Existing Investors for detailed procedures on how to apply for units and make withdrawals.
Distribution History
Date | Distribution (A$ per unit) | Reinvestment price (A$) | Distribution Statement |
- | - | - | - |
Date | Distribution (A$ per unit) | Reinvestment price (A$) | Distribution Statement |
- | - | - | - |
The distributions shown above are historical and no warranty can be given for future distributions.
Understanding distributions
The fund may earn income (such as dividends and interest) from its investments and may also realise capital gains or losses on the sale of its investments. Income and net realised capital gains are distributed to unitholders annually as at 30 June. The components of the distribution will vary from year to year, the details of which are set out in the annual distribution and tax statements provided to unitholders. There may also be times when no distribution is payable.
Distributions are calculated in dollars-per-unit on the number of units held by a unitholder as at the end of the distribution date. This means that a unitholder’s distribution entitlement from the fund is not pro-rated for the duration of the unitholder’s investment in the fund during the tax year.
When a distribution is made, the unit price will fully reflect the distribution.
Unitholders may elect to have their distribution entitlement:
- reinvested as additional units in the same unit class of the fund; or
- paid into the unitholder’s nominated financial institution account.
If no election is made, the unitholder’s distribution entitlement will be automatically reinvested. Additional units will be issued at the net asset value unit price on the relevant
Visit Existing Investors to find out how to change your distribution election.