Key Highlights

  • Platinum Asia Fund Complex ETF (ASX:PAXX) held a fund size of $275.45 million, having listed on the ASX on 14 September 2017.
  • The fund recorded a Turnover ratio of 304.79 per cent, among the highest of the funds reviewed, reflecting frequent portfolio adjustments under its active management approach.
  • Taiwan Semiconductor Manufacturing is the top disclosed holding at 5.30 per cent, ahead of Samsung Electronics and InterGlobe Aviation.
  • The fund's final distribution of $0.699 per unit was considerably higher than the $0.085 per unit paid in the prior comparable period.

Platinum Asia Fund Complex ETF (ASX:PAXX) is an ASX-listed, actively managed fund that primarily invests in listed Equity securities of Asian companies, including businesses listed outside Asia but with predominant operations in the region. The fund is benchmarked against the MSCI AC Asia ex Japan NR AUD index, was admitted to the ASX on 14 September 2017, and sits within the Equity Asia Pacific w/o Japan Morningstar category, with a fund size of $275.45 million, 47,904,846 units on issue and a management fee of 1.13 per cent.

Portfolio Activity and Disclosed Holdings

Detailed sector weightings, Market Capitalisation breakdown and geographic exposure were not disclosed for PAXX at the time of reporting. The fund did, however, report a turnover ratio of 304.79 per cent, considerably higher than other regional funds reviewed, reflecting a more active approach to portfolio adjustment consistent with its actively managed mandate. Taiwan Semiconductor Manufacturing is the largest disclosed holding at 5.30 per cent, followed by Samsung Electronics at 4.41 per cent and InterGlobe Aviation at 4.31 per cent. Tencent Holdings holds a 3.77 per cent weighting, SK Hynix 3.26 per cent, China Resources Land 3.17 per cent and Macrotech Developers 3.03 per cent.

Distribution and Risk Metrics

PAXX reported a Beta of 0.74 and a Standard Deviation of 16.62. The fund's most recent final distribution was $0.699 per unit, with an ex-date of 1 July 2026. This distribution was considerably higher than the $0.085 per unit paid in July 2025 and the $0.033 per unit paid in July 2024, though below the $0.146 per unit distributed in July 2022. The fund's ISIN is AU00000PAXX0.

Fund Structure

As an actively managed complex ETF, PAXX does not track a specific index but instead relies on the Investment team's stock selection across Asian equity markets, including companies that benefit from exposure to the Asian economic region even where not directly listed there. This approach is reflected in the fund's turnover ratio, which stands well above passively managed peers in the same Morningstar category.

Conclusion

Platinum Asia Fund Complex ETF (ASX:PAXX) provides actively managed exposure to Asian equities through a portfolio that is adjusted more frequently than many of its passively managed peers, as reflected in its elevated turnover ratio. Its most recent distribution rose markedly compared with the two immediately preceding periods, though detailed sector and geographic breakdowns were not disclosed at the time of reporting.