Key Highlights
- Platinum Asia Fund Complex ETF (ASX:PAXX) declined 2.71 percent to close at $5.74, with trading Volume reaching 114,485 units, well above its average of 57,840.
- The fund is benchmarked against the MSCI AC Asia EX Japan NR AUD index and carries a management fee of 1.13 percent.
- Taiwan Semiconductor Manufacturing Co Ltd is the fund’s largest disclosed holding at 5.30 percent, followed by Samsung Electronics Co Ltd at 4.41 percent.
- The fund’s most recent distribution of $0.699 per unit marks a substantial increase from the $0.085 distributed in July 2025.
Fund Overview and Investment Mandate
Platinum Asia Fund Complex ETF (ASX:PAXX) is an exchange-traded fund listed on the Australian Securities Exchange that primarily invests in listed Equity securities of Asian companies. The fund was admitted to trading on 14 September 2017 and is classified within the Equity Asia Pacific w/o Japan category, with performance measured against the MSCI AC Asia EX Japan NR AUD benchmark.
The fund’s mandate extends beyond companies listed directly on Asian exchanges, as it may also invest in Asian companies that list their securities on exchanges outside the region, as well as companies not listed in Asia whose predominant Business is conducted in the region or that otherwise benefit from exposure to the Asian economic sphere. The fund is managed by Platinum Asset Management and currently holds total Assets of $282.64 million, with 47,904,846 units outstanding and an ISIN of AU00000PAXX0.
Trading Activity and Price Movement
Shares in PAXX last traded at $5.74, a decline of 2.71 percent, or $0.16, on the day. The stock traded within a range of $5.74 to $5.86, below the previous close of $5.90. Trading volume for the session reached 114,485 units, notably above the fund’s average trading volume of 57,840 units, indicating elevated market activity relative to recent norms.
Over the trailing five trading days, volume figures show a marked increase, moving from 33,800 units and 26,900 units earlier in the period to 109,200 units, 63,900 units and finally 114,485 units on the most recent session, reflecting increasing turnover in the fund’s units on the exchange.
Portfolio Holdings and Fee Structure
The fund’s disclosed top holdings include Taiwan Semiconductor Manufacturing Co Ltd at 5.30 percent, Samsung Electronics Co Ltd at 4.41 percent, InterGlobe Aviation Ltd at 4.31 percent, Tencent Holdings Ltd at 3.77 percent, SK Hynix Inc at 3.26 percent, China Resources Land Ltd at 3.17 percent and Macrotech Developers Ltd at 3.03 percent. Detailed sector weightings, Market Capitalisation breakdowns and geographic exposure figures were not disclosed in the fund’s latest published update.
The fund carries a management fee of 1.13 percent per annum, among the higher fee structures within its category, reflecting its actively managed approach. The fund reported a Turnover ratio of 304.79 percent over the most recent period, indicating a comparatively high rate of portfolio Rebalancing activity.
Risk Metrics and 52-Week Trading Range
The fund’s Beta is recorded at 0.74, suggesting historically lower sensitivity to broad market movements compared with a beta of 1.0, while its Standard Deviation stands at 16.62, a measure of price variability over the observation period.
Over the past 52 weeks, the fund has traded within a range of $5.35 to $6.92, with the most recent price of $5.74 sitting toward the lower end of that range following the day’s decline.
Distribution History and Recent Filings
The fund’s most recent distribution was a final type payment of $0.699 per unit, with an ex-date of 1 July 2026, a Record Date of 2 July 2026 and a payment date of 16 July 2026. This figure represents a substantial increase compared with $0.085 distributed in July 2025, $0.033 in July 2024, $0.063 in July 2023 and $0.146 in July 2022. Despite this increase in per-unit distribution amount, the fund’s annual Yield is recorded at 0.00 percent.
Recent regulatory disclosures include the Unitholder Monthly Report for July 2026 lodged on 11 August 2026 and the Monthly redemptions and units on issue report for July 2026 lodged on 7 August 2026. The Final distribution for the financial year ended 30 June 2026 was lodged on 3 July 2026, alongside the PAXX estimated distribution and key dates notice lodged on 25 June 2026.
Conclusion
Platinum Asia Fund Complex ETF (ASX:PAXX) operates as an actively managed vehicle with a broad Asian equity mandate extending beyond direct regional listings. The fund’s elevated turnover ratio and comparatively higher management fee reflect its active approach, while the notable increase in its most recent distribution amount compared with the prior year is a detail investors reviewing the fund’s recent disclosures may wish to note.