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 31 July 2014

Total Assets (millions) $38.5m

Net Assets per share (before tax) $1.08
Share price as at 22 Aug 2014 04:00 AM
$1.42
Equity exposure 74.7%

Fully Franked FY2014 annualised interim dividend
 (cents per share)
9.6
Fully franked FY2014 annualised interim dividend yield 6.76%

 


 

Perfomance as at 31 July 2014

1 Mth
%
6 Mth % 1 Yr
%
3 Yrs
%
p.a.
5 Yrs    %
p.a
.
Since Inception
(Jan-08)
% p.a.
WAA Investment Portfolio* 2.2% 8.1% 18.9% 14.1% 13.1% 13.3%
S&P/ASX All Ordinaries Accumulation Index 4.5% 10.3% 16.6% 12.6% 10.3% 2.3%
Outperformance -2.3% -2.2% +2.3% +1.5% +2.8% +11.0%
UBS Bank Bill Index 0.2% 1.3% 2.7% 3.5% 3.9% 4.4%
Outperformance +2.0% +6.8% +16.2% +10.6% +9.2% +8.9%

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

Top 10 Holdings as at 31 July 2014

MQA Macquarie Atlas Roads Group 4.6% IPE IPE Ltd 3.0%
CYA Century Australia Investments Ltd 4.3% HIL Hills Limited 2.9%
CBAPA
CBA Perpectual Exc Resale Listed Sec - PERLS V
4.2%
HHV Hunter Hall Global Value Limited 2.7%
CGF Challenger Ltd 3.3% WIC Westoz Investment Company Ltd 2.6%
MYR Myer Holdings Ltd 3.1% GMA Genworth Mortgage Insurance Australia Limited 2.4%

 

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