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 December 2014

Total Assets (millions) $35.4m

Net Assets per share (before tax) $1.01
Share price as at 28 Jan 2015 08:52 AM
$1.25
Equity exposure 43.7%

Fully Franked dividends FY2014
 (cents per share)
9.6
Fully franked dividend yield 7.68%

 


 

Perfomance as at 31 December 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* 0.7% 1.2% 1.2% 7.2% 13.7% 9.2% 12.3%
S&P/ASX All Ordinaries Accumulation Index 1.9% 2.3% 2.3% 5.0% 14.3% 6.4% 1.9%
Outperformance -1.2% -1.1% -1.1% +2.2% -0.6% +2.8% +10.4%
UBS Bank Bill Index 0.2% 1.4% 1.4% 2.7% 3.2% 3.8% 4.3%
Outperformance +0.5% -0.2% -0.2% +4.5% +10.5% +5.4% +8.0%

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

Top 10 Holdings as at 31 December 2014

HHV Hunter Hall Global Value Ltd 5.1% MMS McMillan Shakespeare Ltd 2.1%
CYA Century Australia Investments Ltd 4.8% JBH JB Hi-Fi Ltd 2.1%
MPL
Medibank Private Ltd
2.3%
IFL IOOF Holdings Ltd 2.1%
WIC Westoz Investment Co Ltd 2.2% IPE IPE Ltd 2.1%
IBC Ironbark Capital Ltd 2.1% AMM Amcom Telecommunications Ltd 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