Key Highlights

  • The fund is a global equity long-short strategy that holds 2,022 positions.
  • It aims to outperform its benchmark over a rolling five-year basis.
  • The management fee is 0.85% and the fund size is $1.99 billion.
  • The United States represents 47.38% of the portfolio, below the 49.34% category figure.

Plato Global Alpha Fund Complex ETF (ASX:PGA1) is a global equity long-short fund whose investment manager identifies investments using a bottom-up, fundamental strategy. The fund was admitted to the ASX on 25 November 2024 and last traded at $15.45 on 13 October 2026. It reports a fund size of $1.99 billion.

Detail

Information

Ticker

ASX:PGA1

Fund

Plato Global Alpha Fund Complex ETF

Category

Equity World Long Short

Benchmark

MSCI World NR AUD

Fund size

$1.99 billion

Management fee

0.85%

Total holdings

2,022

ASX admission date

25 November 2024

Investment approach

The manager focuses on intrinsic value, holistic quality, sentiment and a proprietary Red Flag system, and uses risk exposure constraints monitored daily to control incidental sources of risk. The fund aims to outperform the benchmark on a rolling five-year basis.

Morningstar's long-short category covers funds with sizeable long and short positions that may adjust their market exposure over time.

Holdings and sectors

The ten largest positions represent 24.26% of the fund. NVIDIA leads at 5.15%, followed by Apple (4.63%), Microsoft (2.69%), Amazon.com (2.41%) and Alphabet Class A (2.37%). Broadcom (1.81%), Alphabet Class C (1.49%), Micron Technology (1.34%), ASML Holding (1.32%) and Advanced Micro Devices (1.01%) follow.

Technology holds 25.33% against 26.07% for the category, Financial Services 20.29% against 18.17% and Industrials 16.03%. Companies below $500 million in market capitalisation account for 4.34%.

Country exposure, fee and distribution

The United States accounts for 47.38% of the fund. The United Kingdom holds 7.08%, Canada 6.56%, Switzerland 4.49%, Japan 4.10% and France 3.89%. Australia holds 3.50% and Singapore 3.06%.

The management fee is 0.85% a year. The fund reports a beta of 0.94 and a standard deviation of 9.02. Its only recorded distribution is a final payment of $0.001 per unit, with an ex-date of 1 July 2025 and payment on 11 July 2025.

Category classification and liquidity

Morningstar places the fund in the Equity World Long Short category, which covers funds investing primarily in sizeable long and short positions in non-Australian equities, exchange-traded funds and related derivatives, with market exposure to world equities that can vary between low and moderately high and a greater likelihood of an absolute target objective.

Liquidity indicators add a further view. There are 127,990,669 units on issue, and average daily trading volume is 358,000 units. Over the five sessions from 7 to 13 October 2026, daily volume ranged from 166,100 to 318,100 units, with 273,647 recorded on 13 October while the market was still open. The bid-offer range stood at $15.42 to $15.62, and the day range at $15.44 to $15.52. These figures change through the trading day and reflect market activity rather than the fund's holdings.

Recent announcements

The issuer lodged the Quarterly MPI Tracking Error Disclosure, a Derivatives Disclosure and Units on Issue and Movements for September 2026 on 7 October. The Annual Report followed on 22 September and the August 2026 Investment Update on 11 September.

Closing Perspective

PGA1 combines a broad 2,022-position portfolio with a long-short approach and a 0.85% fee. Its country and sector weights sit close to category figures, and its distribution history is limited to one payment of $0.001. These facts describe the fund and not future outcomes.