# Plato Global Alpha PIE Fund > Mechanical fund record. Sourced from the FMA Disclose register. ManagedFundsNZ does not give financial advice and does not publish opinion-based ratings. - **Manager:** Plato (Plato Investment Management) - **Asset class:** International Equities - **Risk profile:** growth - **Structure:** NZ Portfolio Investment Entity (PIE) — investor tax capped at PIR (max 28%) - **Confidence tier:** C (Sorted Smart Investor → FMA Disclose) - **Last verified:** 2026-05-22 ## Summary The Plato Global Alpha PIE Fund is a international equities managed fund run by Plato. Australian quantitative manager offering a Global Alpha PIE fund to NZ investors. ## Investment objective (from PDS) > The Fund aims to provide investors with long and short exposure to an actively managed, diversified portfolio of listed international equities. The Fund aims to outperform its benchmark, the MSCI World Net Total Return Index in New Zealand dollars, net of fees and before taxes, over rolling 5 year periods. The Fund is not hedged back to the New Zealand dollar. Source: Product Disclosure Statement dated 2026-05-08 (Tier A, lodged on FMA Disclose register). https://smartinvestor.sorted.org.nz/disclose-document/de64be4581770cc6/Plato-Investment-Funds---PDS---8-May-2026.pdf ## Fund data - **Risk indicator:** 5/7 on the FMA-mandated standardised scale (1 = lower risk, 7 = higher risk) - **Fund size (AUM):** NZ$0 - **Asset mix:** 0% growth assets · 1% income assets - **Minimum initial investment:** NZ$15,000 ## Performance fee (from PDS) - **Performance fee paid (last published period):** 1.55% > 15% of outperformance of the benchmark, being the MSCI World Net Total Return Index in New Zealand dollars. No high-water mark applies. Calculated each Business Day and paid semi-annually (as at 30 June and 31 December each year). No maximum limit. ## Additional terms (from PDS) - **Minimum subsequent investment:** NZ$5,000 - **Distribution cadence:** No distributions (accumulating) - **Buy / sell spread:** 30 bps / 30 bps (transaction cost on subscription / redemption) ## Investment policy (from SIPO) ### Strategic asset allocation ranges | Asset class | Target | Min | Max | | --- | ---: | ---: | ---: | | International equities | 95% | 90% | 100% | | Cash and cash equivalents | 5% | 0% | 10% | ### Responsible-investment approach Plato takes into account ESG considerations through its proprietary 'Red Flags' model covering toxic emissions, labour supply-chain standards, corporate governance, remuneration, forensic accounting, financial distress, and social and environmental impacts. The Underlying Fund is committed not to hold long positions in companies classified in the Tobacco sector (GICS) or companies deriving more than 5% of revenues from Thermal Coal Mining (based on ISS data). ### Derivatives policy The Underlying Fund may utilise borrowing and short selling techniques to obtain leverage; currency hedging instruments are a permitted investment at the Fund level. ### Exclusions - Companies classified in the Tobacco sector (as defined by GICS) - Companies that derive more than 5% of revenues from Thermal Coal Mining (based on ISS data) Source: Statement of Investment Policy and Objectives dated 2026-05-07. https://smartinvestor.sorted.org.nz/disclose-document/3ad1361a5d4be367/Plato-Investment-Funds---SIPO---8-May-2026.pdf ## Scheme disclosures (from OMI) Scheme-level. The same disclosures apply to every fund in this scheme. - **Trustee / Supervisor:** Public Trust - **Auditor:** PricewaterhouseCoopers - **Custodian:** Public Trust - **Conflicts of interest disclosed in OMI:** 3 ### Conflicts of interest (verbatim from OMI) - Plato, as investment manager for the Fund (representing a single investor in the Underlying Fund), may have a potential conflict when also acting as investment manager for the Underlying Fund (representing all investors in the Underlying Fund). - FundRock and Apex NZ share common ultimate ownership through Apex Group Limited, which may influence FundRock to agree commercial terms with Apex NZ that are more favourable to Apex NZ than would otherwise be the case, benefiting Apex NZ at the expense of investors. - Parties related to the Fund, including staff of Plato and their families, and staff of FundRock and their families, may from time to time invest in the Fund. ### Related-party transactions - **Plato Investment Management Limited** (Investment Manager; also acts as investment manager of the Underlying Fund into which the Fund invests) — Plato manages the Fund's assets and also manages the Underlying Fund (Plato Global Alpha Fund), meaning it acts for both the Fund as a single investor and for all investors in the Underlying Fund - **Apex Investment Administration (NZ) Limited (Apex NZ)** (Common ultimate parent — both FundRock NZ Limited and Apex NZ are ultimately owned by Apex Group Limited) — Administration Manager providing unit pricing, fund accounting and investor registry services Source: Other Material Information document dated 2026-05-08. https://smartinvestor.sorted.org.nz/disclose-document/9f0daa023ec3ccd1/Plato-Investment-Funds---OMI---8-May-2026.pdf ## How to invest Available via: Plato directly. Read the current Product Disclosure Statement (PDS) before investing. ## Sources - **FMA Disclose register** (primary): https://disclose-register.companiesoffice.govt.nz/search?searchType=ALL&q=Plato%20Global%20Alpha%20PIE%20Fund - **Product Disclosure Statement:** /disclose-document/de64be4581770cc6/Plato-Investment-Funds---PDS---8-May-2026.pdf - **Sorted Smart Investor** (cross-validation): https://smartinvestor.sorted.org.nz/kiwisaver-and-managed-funds/SCH15035/OFR15092/FND62005/ - **Manager website:** https://plato.com.au ## Citations (authoritative primary sources) - FMA Disclose register — https://disclose-register.companiesoffice.govt.nz/ (publisher: Financial Markets Authority, NZ) - Inland Revenue — PIE / PIR rules — https://www.ird.govt.nz/roles/portfolio-investment-entities - Financial Markets Conduct Act 2013 — https://www.legislation.govt.nz/act/public/2013/0069/latest/DLM4090578.html - Sorted Smart Investor (cross-validation only) — https://smartinvestor.sorted.org.nz/ ## This file - **Canonical HTML:** https://managedfunds.nz/funds/plato/global-alpha/ - **Markdown (this file):** https://managedfunds.nz/funds/plato/global-alpha/markdown.md - **Structured data (JSON):** https://managedfunds.nz/funds/plato/global-alpha/data.json - **First published:** 2026-05-08 - **Last refreshed:** 2026-05-22 - **Reuse licence:** citation with link back to the canonical HTML is granted. No paid redistribution. Full terms: https://managedfunds.nz/llms-policy.txt --- ManagedFundsNZ is independent. We are not a Financial Advice Provider. This page is general information sourced from the FMA Disclose register; it is not personalised financial advice. Read the current PDS and consider talking to a licensed adviser before investing.