Plato Australian Shares Income Fund

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 0.6% and delivered a 9.6% 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 29 FEBRUARY 2024

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 & DISTRIBUTIONS

UNIT PRICE HISTORY

Unit prices are net of fees & do not include distributions. Past performance is not a reliable indicator of future performance.

Distribution HISTORY

PORTFOLIO PROFILE As At 29 February 2024

1Stocks listed are the largest 10 yielding stocks in our portfolio with a greater than 0.5% portfolio weight. 2Yield is calculated as the dividends (including specials and franking credits) paid over the last 12mths divided by the price as at the report date.

UPDATES AND REPORTS

LATEST MONTHLY REPORT

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

FULL REPORT

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Platform Availability

If the Fund is not available on your preferred platform, please contact us. Please check with your platform for minimum investment requirements and fees.

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  • Netwealth
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  • Praemium
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APPLY ONLINE

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Complete and submit an application in a quarter of the time it takes to invest via paper based application, and ensure invested sooner in the market. Investors with a verified account can top-up investments or invest in other funds in a fraction of the time.

  1. Provide your details
  2. Click and select the fund you wish to invest in
  3. Complete the application form
  4. Verify your identity online (Identification documents)
  5. Submit an application
  6. Separately make a secure payment from your bank account to the Trustee

Receive live email notifications as the application is processed.
Available to Australian SMSF and self-directed investors and advisors.

Disclaimer and disclosure

This webpage is prepared by Plato Investment Management Limited (‘Plato’) (ABN 77‌ 120‌ 730‌ 136,‌ AFSL 504‌616) as the investment manager of the Plato Australian Shares Income Fund (ARSN 152‌ 590‌ 157‌) (the ‘Fund’). Pinnacle Fund Services Limited (‘PFSL’) (ABN 29‌ 082‌ 494‌ 362,‌ AFSL 238‌371)‌ is the product issuer of the Fund. PFSL is not licensed to provide financial product advice. PFSL is a wholly-owned subsidiary of the Pinnacle Investment Management Group Limited (‘Pinnacle’) (ABN 22‌ 100‌ 325‌ 184)‌.

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) and Target Market Determination (‘TMD’) 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.

There can be no assurance that the Fund will achieve its investment objectives. The value of your units at any point in time may be worth less than your original investment even after taking into account the reinvestment of Fund distributions. Returns are not guaranteed, and you may lose some or all of your money. The specific risks associated with investing in the Fund, and the risks associated with the Fund’s investments, are discussed in Section 4 of the Product Disclosure Statement. 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 (ABN 27 103 132 672, AFS Licence 226872) (“Zenith”) rating (assigned June 2023) referred to in this piece is limited to “General Advice” (s766B 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, including target markets of financial products, where applicable, and is subject to change at any time without prior notice. 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. Past performance is not an indication of future performance. Zenith usually charges the product issuer, fund manager or related party to conduct Product Assessments. Full details regarding Zenith’s methodology, ratings definitions and regulatory compliance are available on our Product Assessments and at Fund Research Regulatory Guidelines.

2The Lonsec Rating (Plato Australian Shares Income Fund (Class A) assigned September 2023) 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: https://www.lonsec.com.au/fund-manager/investment-product-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)