Plato Australian Shares Income Fund

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About the Fund

The Plato Australian Shares Income Fund (the ‘Fund’) is a long-only equity income fund managed specifically for zero tax investors who can utilise franking credits. These investors include, but are not limited to pension phase investors, SMSFs and charities.

The investment process aims to maximise the total return including franking credits, primarily via holding stocks which pay franked dividends. The Fund has a recommended investment time-frame of 3 to 5 years.

Since inception the Plato Australian Shares Income Fund has out-performed the ASX200 by 0.7% and delivered a 9.7% yield (after fees).

LATEST PERFORMANCE REPORTLATEST INSIGHTSPRODUCT DISCLOSURE STATEMENT (PDS)PDS - ADDITIONAL INFORMATIONTARGET MARKET DETERMINATION (TMD)
FUND CHARACTERISTICS
INVESTMENT MANAGER PLATO INVESTMENT MANAGEMENT LIMITED
INVESTMENT OBJECTIVE The Fund aims to provide an annual gross yield (including franking) that exceeds the gross yield of the Benchmark after fees. The Fund also aims to outperform the Benchmark after fees.
BENCHMARK S&P/ASX 200 Franking Credit Adjusted Daily Total Return Index (Tax-Exempt).
PORTFOLIO ALLOCATION1
  • 90 – 100% Australian equities
  • 0 – 10% Cash and cash equivalents2
SUITABLE INVESTOR PROFILE This product is likely to be appropriate for a consumer seeking regular income to be used as a small allocation within a portfolio (up to 25%) where the consumer has a minimum investment timeframe of 3-5 years, and a high risk/return profile.
SUGGESTED MINIMUM INVESTMENT TIMEFRAME 3 to 5 years
RISK High
HOLDINGS
  • 50 – 120 stocks
BUY/ SELL SPREAD +0.20%/ -0.20%
FEES
  • 0.90% p.a. of the NAV of the Fund
MINIMUM INVESTMENT $15,000
DISTRIBUTIONS Quarterly, subject to the Fund having distributable income as at 30 September, 31 December, 31 March and 30 June

1The above portfolio allocation ranges are indicative only. The Fund will be rebalanced within a reasonable period of time should the exposure move outside of the above ranges.
2The Fund is expected to be fully invested. A portion of the portfolio may be allocated to cash and other money market instruments for liquidity purposes.

Benefits

• Specific fund for pension-phase investors / SMSFs and charities
• Investments tailored for after-tax income maximisation
• Franking credits are priced into unit price
• Active dividend rotation is an integral part of the investment process to alleviate permanent sector biases.
• Highly rated and regarded by leading fund research houses1,2
• A highly qualified investment team. See Our Team.

Note: all investments carry risk:
• Market Risk – The Fund may be materially affected by market, economic, social and/or political conditions globally and in the jurisdictions and sectors in which it invests or operates. This includes conditions affecting interest rates, the availability of credit, currency exchange and trade barriers.
• Regulatory Risk – Changes to regulations can affect the Fund’s operation, disclosure, or investment activities.
• Income Risk – These may fluctuate significantly in their value with the ups and downs in the economic cycle and the fortunes of the issuing firm.

Ratings

Recommended - Zenith Investment Partners1

Highly Recommended - Lonsec Research2

Further information on our Ratings can be found in the Disclaimer & Disclosure section.

COMPETITIVE ADVANTAGE

Most Australian equities funds have all types of investors within their unit trusts, ranging from high tax payers through to zero tax payers such as pension investors. Having a mix of tax paying investors makes it impossible to maximise income and capital returns for clients due to Capital Gains Tax and Franking credit rules.

Having a fund specifically managed and tailored for zero tax investors means Plato can maximise investment returns and income by targeting dividends with franking credits and special dividends. Importantly the Fund is also managed to minimise the typical risks of naïve yield strategies which can take large sector biases (eg significant overweights to banks) or be overly exposed to potential dividend traps.

PERFORMANCE AS AT 31 OCTOBER 2023

1Inception date 9 September 2011.
2Including franking credits. The 1 month number in Jan, Feb, Apr, May, July, Aug, Oct and Nov include the accrued but not distributed income.
3Benchmark is the S&P/ASX 200 Franking Credit Adjusted Daily Total Return Index (Tax-Exempt).
Fund returns are after applicable fees, costs and taxes. All p.a. returns are annualised. Past performance is not a reliable indicator of future performance.

CUMULATIVE PERFORMANCE - GROWTH OF $10,000

*All returns are net of applicable fees, cost and taxes. Calculations are based on exit price with distributions reinvested, after ongoing fees and expenses and including Franking Credits. Past performance is not a reliable indicator of future performance. The inception date is the date that the current investment strategy was adopted (9 September 2011).

UNIT PRICES & DISTRIBUTION HISTORY