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 December 2015

Total Assets (millions) $37.7m

Net Assets per share (before tax) $1.05
Share price as at 07 Feb 2016 08:55 AM
$1.07
Equity exposure 79.1%

Fully franked dividend FY2015 2.5
Fully franked dividend yield 2.34%

 


 

Performance as at 31 December 2015

1 Mth
%
6 Mth % 1 Yr
%
3 Yrs
%
p.a.
5 Yrs    %
p.a
.
Since Inception
(Jan-08)
% p.a.
WAA Investment Portfolio* 1.3% 14.14% 19.3% 14.7% 11.8% 13.2%
S&P/ASX All Ordinaries Accumulation Index 2.6% 0.4% 3.8% 9.3% 6.5% 2.1%
Outperformance -1.3% +14.0% +15.5% +5.4% +5.3% +11.1%
UBS Bank Bill Index 0.2% 1.1% 2.3% 2.6% 3.4% 4.1%
Outperformance +1.1% +13.3% +17.0% +12.1% +8.4% +9.1%

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

Top 10 Holdings as at 31 December 2015

HHV Hunter Hall Global Value Limited 6.9% AOG Aveo Group 2.8%
CYA Century Australia Investments Limited 4.0% SGF SG Fleet Group Limited 2.7%
MYR  Myer Holdings Limited
3.3%
BGA Bega Cheese Limited 2.3%
TWE Treasury Wine Estates Limited 3.2% DMP Domino's Pizza Enterprises Limited 2.3%
MYX Mayne Pharma Group 3.0% IPP iProperty Group Limited 2.2%

 

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