TheCapatilist,
the key feature of Plato is payment of dividends monthly.
I have been looking now and then at the unlisted Plato Australian shares income fund which has been running since 2011.
fund total return figures to 31st March have been OK,
1 yr 22% 3 yr 9.4% 5 yr 13.9% p.a
but with a high yield of 9.4% p.a and " including the benefit of franking ".
BUT to generate this yield they run extremely high portfolio turnover ( 150 -200% p.a !! ) which would generate lots of
annoying capital gains distributions so I have stayed well away.
An LIC structure however is much better for tax.
The prospectus actually lists the top 10 stocks that will be in the initial LIC portfolio
CBA
ANZ
Telstra
Wesfarmers
Westpac
Rio tinto
BHP
Macquarie
Scentre
AGL
these names are all too familiar....
they also show a table comparing sectors breakdown compared with the Index, and they are almost identical.
therefore expect very similar returns to the Index but with higher yields, if that makes you happy.
not one for me.
fees are OK at 0.8%
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