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 June 2014

Total Assets (millions) $37.8m

Net Assets per share (before tax) $1.06
Share price as at 23 Jul 2014 05:07 AM
$1.29
Equity exposure 53.5%

Fully Franked FY2014 annualised interim dividend
 (cents per share)
9.6
Fully franked FY2014 annualised interim dividend yield 7.44%

 


 

Perfomance as at 30 June 2014

1 Mth
%
6 Mth % 1 Yr
%
3 Yrs
%
p.a.
5 Yrs    %
p.a
.
Since Inception
(Jan-08)
% p.a.
WAA Investment Portfolio* 0.6% 5.9% 19.4% 13.3% 14.7% 13.1%
S&P/ASX All Ordinaries Accumulation Index -1.4% 2.7% 17.6% 9.7% 11.0% 1.6%
Outperformance +2.0% +3.2% +1.8% +3.6% +3.7% +11.5%
UBS Bank Bill Index 0.2% 1.3% 2.7% 3.6% 3.9% 4.4%
Outperformance +0.4% +4.6% +16.7% +9.7% +10.8% +8.7%

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

Top 10 Holdings as at 30 June 2014

CBAPA
CBA Perpectual Exc Resale Listed Sec - PERLS V
4.3%
HIL Hills Limited
3.3%
CYA
Century Australia Investments Ltd
4.3%
CGF Challenger Ltd
3.2%
MQA
Macquarie Atlas Roads Group
4.0%
CYG Coventry Group Ltd
2.2%
WIC Westoz Investment Company Ltd
3.5%
CCP Credit Corp Group Ltd
2.2%
IPE IPE Ltd
3.3%
MYR Myer Holdings Ltd
2.1%

 

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