WAM Active

 Print the Factsheet

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 30 November 2014

Total Assets (millions) $35.2m

Net Assets per share (before tax) $1.01
Share price as at 21 Dec 2014 01:44 AM
$1.17
Equity exposure 47.5%

Fully Franked dividends FY2014
 (cents per share)
9.6
Fully franked dividend yield 8.21%

 


 

Perfomance as at 30 November 2014

1 Mth
%
6 Mth % Fin YTD 1 Yr
%
3 Yrs
%
p.a.
5 Yrs    %
p.a
.
Since Inception
(Jan-08)
% p.a.
WAA Investment Portfolio* 0.3% 1.1% 0.5% 5.5% 13.0% 9.3% 12.4%
S&P/ASX All Ordinaries Accumulation Index -3.2% -1.1% 0.3% 4.0% 13.0% 6.8% 1.6%
Outperformance +3.5% +2.2% +0.2% +1.5% +0.0% +2.5% +10.8%
UBS Bank Bill Index 0.2% 1.3% 1.1% 2.7% 3.2% 3.9% 4.3%
Outperformance +0.1% -0.2% -0.6% +2.8% +9.8% +5.4% +8.1%

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

Top 10 Holdings as at 30 November 2014

CYA Century Australia Investments Ltd 4.8% MPL Medibank Private Ltd 2.1%
HHV Hunter Hall Global Value Ltd 4.7% ALL Aristocrat Leisure Ltd 2.0%
IBC
Ironbark Capital Ltd
2.2%
IPE IPE Ltd 2.0%
REC Recall Holdings Ltd 2.2% APO APN Outdoor Group Ltd 2.0%
WIC Westoz Investment Co Ltd 2.1% HIL Hills Ltd 1.7%

 

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