Plato Australian Shares Income Fund – A Class

INTRODUCTION

 

Please note as of 1 July 2017 the minimum for direct (non-platform) investors is $100,000.

ABOUT THE FUND – AU60WHT00394

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 maximize the value gained from franked dividends, 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.

FUND 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).

FEATURE VIDEO

How sustainable is the income being generated from the Plato Australian Shares Income Fund?


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. Watch Video
  • Highly rated and regarded by leading fund research houses
  • One of Australia’s most highly qualified investment teams with 3 PhD’s and over 135 years investment experience
  • The Plato Australian Shares Income Fund is rated ‘Recommended’ from Zenith Investment Partners (June 2017). Disclaimer.

Zenith - Rating Recommended

 

 

 

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.


AVAILABILITY AND DETAILS

APIR: WHT0039AU

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 Portfolio Care
  • AMP Wealthview
  • ANZ Grow Wrap
  • Asgard
  • Asgard Infinity eWRAP
  • AXA Generations
  • BT Panorama
  • BT Wrap
  • Colonial First Wrap
  • HUB24
  • IOOF Pursuit Select
  • IOOF – Portfolio Service
  • Macquarie Wrap
  • mFund
  • MLC Navigator
  • Netwealth
  • Praemium
  • Premium Choice
  • uXchange

FEES

  • Management costs: 0.90% p.a. (inclusive of the net effect of GST)
  • Buy/sell spread: +0.20%/-0.20%
  • Minimum initial investment:
    • Direct investors – $100,000
    • Indirect investors – refer to the operator of your service

FUND UPDATES

2017 Fund Annual Financial Statements

mFunds disclosure