Benefits of investing in the Platinum Global Fund

The key benefits and features of investing in the Fund are summarised below:

• Access to a global fund manager based in Australia with a 20 year plus proven track record.

• A diversified portfolio accessing stocks across different countries and sectors that may not be available to individual investors.

• A bottom-up, stock selection methodology.

• An actively-managed portfolio that seeks absolute returns and not returns relative to an index.

• The Fund may be invested in cash when undervalued stocks cannot be found.

• The Fund can be used as a stand-alone investment option for international exposure or may be used to complement the investment styles of other managers.

• Access to a Regular Investment Plan.

Risk level

High

Investor suitability

The Fund may be suitable for an investor that:

• believes in the long-term wealth creation potential of share investments;

• wishes to achieve investment diversification by accessing international share market opportunities; and

• understands and accepts that returns over the shorter term may fluctuate and that returns may even be negative.

About the Fund

The Platinum Global Fund aims to provide capital growth over the long term by investing in companies from around the world that Platinum believes to be undervalued by the market.

A diversified long-only portfolio of companies from around the world and across industry sectors, the fund offers investors exposure to undervalued businesses in both developed and emerging markets.

Platinum is one of Australia's largest investment managers in international equities.

Platinum has an independent style of investment management driven by a thematic stock picking approach. The composition of the Fund's assets is determined largely by the availability of companies regarded as undervalued by Platinum rather than by macro economic modelling (referred to as top down asset allocation) or by reference to global share index weightings (referred to as benchmarking).

How we invest your money

The Fund will ideally consist of 40 to 140 securities 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 undervalued securities cannot be found. Accordingly, the Fund may at times hold significant cash positions.

The Fund's assets are typically invested in equities, cash and cash equivalents and exchange traded derivatives.

Asset allocation range

• Equities: 0-100% of NAV

• Cash and cash equivalents: 0-100% of NAV

• Derivatives (exchange traded): 0-10% of NAV

Derivatives

Platinum may use derivatives to manage the Fund's foreign currency exposure. The Fund may invest no more than 10% of its NAV in exchange traded derivatives to gain access to foreign markets or to take opportunities to increase returns.