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 28 February 2015

Total Assets (millions) $36.6m

Net Assets per share (before tax) $1.04
Share price as at 29 Mar 2015 11:37 PM
$1.14
Equity exposure 81.5%

Fully Franked dividends FY2014
 (cents per share)
9.6
Fully franked dividend yield 8.42%

 


 

Perfomance as at 28 February 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* 3.7% 1.8% 4.9% 6.4% 13.3% 10.8% 12.6%
S&P/ASX All Ordinaries Accumulation Index 7.0% 7.1% 12.7% 13.6% 15.2% 9.5% 3.2%
Outperformance -3.3% -5.3% -7.8% -7.2% -1.9% +1.3% +9.4%
UBS Bank Bill Index 0.2% 1.4% 1.8% 2.7% 3.1% 3.8% 4.3%
Outperformance +3.5% +0.4% +3.1% +3.7% +10.2% +7.0% +8.3%

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

Top 10 Holdings as at 28 February 2015

HHV Hunter Hall Global Value Limited 5.9% ALL Aristocrat Leisure Limited 2.3%
CYA Century Australia Investments Limited 5.0% ANN Ansell Limited 2.2%
IFL
IOOF Holdings Limited
2.4%
MQG Macquarie Group Limited 2.2%
QAN Qantas Airways Limited 2.3% FXJ Fairfax Media Limited 2.1%
MYR Myer Holdings Limited 2.3% BHP BHP Billiton 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