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Can you explain the difference between investing in the Plato Australian Shares Income Fund (PASIF) via an Application Form and buying directly into Plato Income Maximizer (PL8) which, itself, invests directly in PASIF?
I understand that PASIF charges a management fee of 0.9%, but are there any other differences?
Is it about actively versus passively managed?
A: Plato Australian Shares Income Fund- Class A (PASIF) is an unlisted managed fund.
Plato Income Maximiser (ASX: PL8) is a listed investment company.
PL8 is based on PASIF and says: “Based on the investment strategy of the Plato Australian Shares Income Fund and launched in response to investor demand for an ASX-listed product that delivers high income, PL8 is designed specifically with SMSF and pension-phase investors in mind.”
Both are actively managed.
The MER (management expense ratio) of PL8 is 0.80%pa, while for PASIF it is 0.90%. An advantage of PL8 is that it is listed – a disadvantage is that it could trade at a premium or discount to its NTA (net tangible asset value).
