WAM Active

 Print the Factsheet

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 January 2015

Total Assets (millions) $35.4m

Net Assets per share (before tax) $1.01
Share price as at 01 Mar 2015 10:27 PM
$1.13
Equity exposure 50.2%

Fully Franked dividends FY2014
 (cents per share)
9.6
Fully franked dividend yield 8.50%

 


 

Perfomance as at 31 January 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* -0.1% -1.0% 1.2% 7.0% 13.3% 10.0% 12.2%
S&P/ASX All Ordinaries Accumulation Index 3.0% 0.8% 5.4% 11.3% 13.5% 8.4% 2.3%
Outperformance -3.1% -1.8% -4.2% -4.3% -0.2% +1.6% +9.9%
UBS Bank Bill Index 0.3% 1.4% 1.6% 2.7% 3.1% 3.8% 4.3%
Outperformance -0.4% -2.4% -0.4% +4.3% +10.2% +6.2% +7.9%

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

Top 10 Holdings as at 31 January 2015

CYA Century Australia Investments Limited 4.8% IBC Ironbark Capital Limited 2.2%
HHV Hunter Hall Global Value Limited 4.4% ALL Aristocrat Leisure Limited 2.2%
JBH
JB Hi-Fi Limited
3.1%
QAN Qantas Airways Limited 2.1%
MMS McMillion Shakespeare Limited 2.3% TLS Telstra Corporation Limited 2.1%
IFL IOOF Holdings Limited 2.2% IPE IPE 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