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 July 2016

Total Assets (millions) $39.4m

Net Assets per share (before tax) $1.07*
Share price as at 27 Aug 2016 11:19 AM
$1.19
Equity exposure 74.1%

Fully franked annualised FY16 dividend (cents per share) 5.0
Fully franked annualised FY16 dividend yield 4.20%

 


 

Performance as at 31 July 2016

1 Mth
%
6 Mth % 1 Yr
%
3 Yrs
%
p.a.
5 Yrs    %
p.a
.
Since Inception
(Jan-08)
% p.a.
WAA Investment Portfolio* 4.3% 11.2% 18.3% 14.7% 13.5% 13.2%
S&P/ASX All Ordinaries Accumulation Index 6.3% 14.1$ 4.0% 8.5% 9.4% 2.9%
Outperformance -2.1% -2.9% +14.3% +6.2% +4.1% +10.3%
UBS Bank Bill Index 0.2% 1.1% 2.2% 2.5% 3.0% 3.9%
Outperformance +4.0% +10.1% +16.1% +12.1% +10.5% +9.3%

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

Top 10 Holdings as at 31 July 2016

HHV Hunter Hall Global Value Limited 7.8% TGG Templeton Global Growth Fund Limited 2.3%
CYA Century Australia Investments Limited 4.0% ADA Adacel Technologies Limited  2.3%
ALL Aristocrat Leisure Limited
3.1%
MVP Medical Developments International Limited  2.2%
AGF AMP Capital China Growth Fund 2.7% MPL Medibank Private Limited  2.0%
WPP WPP AUNZ Limited  2.4% AFY Afterpay Holdings Limited  1.8%

 

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