Australian Shares Income Fund – Class A

About the Fund

The Plato Australian Shares Income 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 and participating in off-market buy-backs. The Fund has a recommended investment time-frame of 3 to 5 years.

  • Over the past 12 months the Plato Australian Shares Income Fund has out-performed the ASX200 by 1.6% (to 30 September 2020) and delivered 7.7% dividend income in a year when many income funds have underperformed the index and delivered low yields.
  • The latest adviser webinar video presentation on the 2020 Reporting Season (held on 30th August, 2020) can be viewed here.

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).

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
• One of Australia’s most highly qualified investment teams with 3 PhD’s and over 135 years investment experience

Ratings

Recommended - Zenith Investment Partners1

Highly Recommended - Lonsec Research2

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 CGT 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, special dividends and via off market buy-backs. 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.

Portfolio Allocation

The Fund can invest in ASX listed entities and listed SPI Futures. It typically consists of 50 – 120 stocks.

Minimum of 90% invested in ASX listed entities. Maximum of 10% invested in cash, although the Fund is intended to be fully invested with cash and SPI futures held for liquidity purposes and to manage cash-flow and investment exposure.

PLATFORM
AVAILABILITY

AMP Flexible Lifetime
AMP North
AMP Personalised Portfolio Service
AMP PortfolioCare
AMP WealthView
AMP Portfolio One (Mac Badge)
ANZ Wrap
Asgard
BT Margin Lending
BT Panorama
BT Wrap
CBS FirstWrap
DPM
FNZ Group
HUB24
IOOF Portfolio Service
IOOF Pursuit
Macquarie Wrap
Mason Stevens
mFund
MLC Navigator
MLC Wrap
Netwealth
Praemium
Premium Choice
uXchange
Wealthtrac

FEES

Minimum Initial investment:

  • Direct investors – $100,000
  • Indirect investors – refer to the operator of your service

Management costs: 0.90% p.a.
Buy/sell spread: +0.20%/-0.20%

PERFORMANCE AS AT 30 SEPTEMBER 2020

1Inception date 9 September 2011.
2Including franking credits and special dividends.
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. Past performance is not a reliable indicator of future performance.

CUMULATIVE PERFORMANCE - GROWTH OF $10,000

UNIT PRICES & DISTRIBUTION HISTORY

PORTFOLIO PROFILE

2Net returns, including franking credits and special dividends.

UPDATES AND REPORTS

SEPTEMBER MONTHLY REPORT

Click on the link below to view the full monthly report.

FULL REPORT

HOW TO INVEST

Disclaimer and disclosure

All website content in respect of the Plato Australian Shares Income Fund (ARSN 152 590 157) (the Fund) is issued by Pinnacle Fund Services Limited ABN 45 003 278 831 AFSL 235 150 (“PFSL”) as responsible entity of the Fund and is prepared by Plato Investment Management Limited (ABN 77 120 730 136) (AFSL 504616) (“ Plato”) as the investment manager of the Trust.

The information provided in this website is of a general nature only and has been prepared without taking into account your objectives, financial situation or needs. Before making an investment decision in respect of the Fund, you should consider the current product disclosure statement (PDS) of the Fund and the Fund’s other periodic and continuous disclosure announcements lodged with the ASX, which are available at www.asx.com.au, and assess whether the Fund is appropriate given your objectives, financial situation or needs. If you require advice that takes into account your personal circumstances, you should consult a licensed or authorised financial adviser.

Neither PFSL nor Plato guarantees repayment of capital or any particular rate of return from the Fund. Neither PFSL nor Plato gives any representation or warranty as to the currency, reliability, completeness or accuracy of the information contained in this website. All opinions and estimates included in this website constitute judgments of Plato as at the date of website creation and are subject to change without notice. Past performance is not a reliable indicator of future performance.

Ratings Disclaimer

1The Zenith Investment Partners (“Zenith”) ABN 60 322 047 314 rating for the Plato Australian Shares Income Fund (Class A) assigned June 2020 referred to in this document is limited to “General Advice” (as defined by the Corporations Act 2001) for Wholesale clients only. This advice has been prepared without taking into account the objectives, financial situation or needs of any individual. It is not a specific recommendation to purchase, sell or hold the relevant product(s). Investors should seek independent financial advice before making an investment decision and should consider the appropriateness of this advice in light of their own objectives, financial situation and needs. Investors should obtain a copy of, and consider the PDS or offer document before making any decision and refer to the full Zenith Product Assessment available on the Zenith website. Zenith usually charges the product issuer, fund manager or a related party to conduct Product Assessments. Full details regarding Zenith’s methodology and regulatory compliance are available on our Product Assessment’s and the Zenith website.

2The Lonsec Rating (Plato Australian Shares Income Fund (Class A) assigned August 2020) presented in this document is published by Lonsec Research Pty Ltd ABN 11 151 658 561 AFSL 421 445. The Rating is limited to “General Advice” (as defined in the Corporations Act 2001 (Cth)) and based solely on consideration of the investment merits of the financial product(s). Past performance information is for illustrative purposes only and is not indicative of future performance. It is not a recommendation to purchase, sell or hold Plato product(s), and you should seek independent financial advice before investing in this product(s). The Rating is subject to change without notice and Lonsec assumes no obligation to update the relevant document(s) following publication. Lonsec receives a fee from the Fund Manager for researching the product(s) using comprehensive and objective criteria. For further information regarding Lonsec’s Ratings methodology, please refer to our website at: http://www.beyond.lonsec.com.au/intelligence/lonsec-ratings.

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“A good decision is based on knowledge and not on numbers.”

Plato (427-347 BC)

“A good decision is based on knowledge and not on numbers.”

Plato (427-347 BC)