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 30 June 2015

Total Assets (millions) $35.0m

Net Assets per share (before tax) $0.99
Share price as at 31 Jul 2015 06:14 AM
$1.00
Equity exposure 65.7%

Fully Franked dividends FY2014
 (cents per share)
9.6
Fully franked dividend yield 9.60%

 


 

Performance as at 30 June 2015

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* -1.0% 4.2% 5.5% 5.5% 13.3% 11.3% 12.1%
S&P/ASX All Ordinaries Accumulation Index -5.4% 3.3% 5.7% 5.7% 14.5% 9.4% 2.2%
Outperformanc +4.4% +0.9% -0.2% -0.2% -1.2% +1.9% +9.9%
UBS Bank Bill Index 0.2% 1.2% 2.6% 2.6% 2.9% 3.6% 4.2%
Outperformance -1.2% +3.0% +2.9% +2.9% +10.4% +7.7% +7.9%

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

Top 10 Holdings as at 30 June 2015

HHV Hunter Hall Global Value Limited 7.2% MYX Mayne Pharma Group Limited 2.9%
CYA Century Australia Investments Limited 4.5% SGF SG Fleet Group Limited 2.6%
BAP
Burson Group Limited
3.7%
MMS McMillan Shakespeare Limited 2.3%
HVN Harvey Norman Holdings Limited 3.4% GTY Gateway Lifestyle Group 2.2%
QAN Qantas Airways Limited 3.0% PMV Premier Investments Limited 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