WAM Active

 

WAM Active Limited (WAA) is a listed investment company that provides investors exposure to an active trading style with the aim of achieving a sound return with a low correlation to traditional markets. The investment objectives are to deliver investors a growing income stream in the form of fully franked dividends and to preserve capital.

Quick Facts as at 31 May 2016

Total Assets (millions) $38.2m

Net Assets per share (before tax) $1.05
Share price as at 02 Jul 2016 05:32 PM
$1.02
Equity exposure 62.4%

Fully franked annualised FY16 dividend (cents per share) 5.0
Fully franked annualised FY16 dividend yield 4.90%

 


 

Performance as at 31 May 2016

1 Mth
%
6 Mth % 1 Yr
%
3 Yrs
%
p.a.
5 Yrs    %
p.a
.
Since Inception
(Jan-08)
% p.a.
WAA Investment Portfolio* 4.5% 4.8% 17.3% 13.8% 12.2% 12.9%
S&P/ASX All Ordinaries Accumulation Index 3.1% 6.7% -1.2% 8.1% 7.3% 2.5%
Outperformance +1.4% -1.9% +18.5% +5.7% +4.9% +10.4%
UBS Bank Bill Index 0.2% 1.2% 2.3% 2.5% 3.1% 4.0%
Outperformance +4.3% +3.6% +15.0% +11.3% +9.1% +8.9%

* Investment performance and Index returns are before expenses, fees and taxes.

Top 10 Holdings as at 31 May 2016

HHV Hunter Hall Global Value Limited 7.3% MQA Macquarie Atlas Roads Group 3.1%
PBG Pacific Brands Limited 5.0% MVP Medical Developments International Limited 2.8%
APN APN News & Media Limited
4.0%
AGF AMP Capital China Growth Fund 2.5%
CYA Century Australia Investments Limited 3.9% TGG Templeton Global Growth Fund Limited 2.2%
MTS Metcash Limited 3.2% TWE Treasury Wine Estates Limited 2.0%

 

Investment Strategy

We take advantage of relative short-term arbitrages and mis-pricings in the Australian Equities market, rather than investing in any individual companies or portfolio of companies for a prolonged period of time. This part of
the portfolio is traded actively.

We scour the market for opportunities:
       initial public offerings
       capital raisings
       block trades
       oversold positions
       takeovers
       Listed Investment Companies (LIC) discount to net tangible assets (NTA) plays
       stocks trading at a discount to their NTA
       earnings momentum / surprises
       short selling
       market themes and trends