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 March 2015

Total Assets (millions) $36.6m

Net Assets per share (before tax) $1.04
Share price as at 28 Apr 2015 09:48 PM
$1.09
Equity exposure 70.3%

Fully Franked dividends FY2014
 (cents per share)
9.6
Fully franked dividend yield 8.81%

 


 

Perfomance as at 31 March 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* 0.9% 5.8% 5.8% 6.7% 13.2% 10.4% 12.6%
S&P/ASX All Ordinaries Accumulation Index 0.0% 13.0% 12.7% 13.2% 14.7% 8.2% 3.2%
Outperformanc +0.9% -7.2% -6.9% -6.5% -1.5% +2.2% +9.4%
UBS Bank Bill Index 0.2% 1.4% 2.0% 2.7% 3.0% 3.8% 4.3%
Outperformance +0.7% +4.4% +3.8% +4.0% +10.2% +6.6% +8.3%

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

Top 10 Holdings as at 31 March 2015

HHV Hunter Hall Global Value Limited 5.0% CTX Caltex Australia Limited 2.9%
CYA Century Australia Investments Limited 5.0% QUB Qube Holdings Limited 2.4%
ALL
Aristocrat Leisure Limited
3.4%
ANN Ansell Limited 2.4%
BAP Burson Group Limited 3.2% TOL Toll Holdings Limited 2.3%
QAN Qantas Airways Limited 3.2% FJX Fairfax Media 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