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 April 2016

Total Assets (millions) $36.5m

Net Assets per share (before tax) $1.01
Share price as at 31 May 2016 07:59 PM
$1.01
Equity exposure 61.0%

Fully franked annualised FY16 dividend (cents per share) 5.0
Fully franked annualised FY16 dividend yield 4.95%

 


 

Performance as at 30 April 2016

1 Mth
%
6 Mth % 1 Yr
%
3 Yrs
%
p.a.
5 Yrs    %
p.a
.
Since Inception
(Jan-08)
% p.a.
WAA Investment Portfolio* 0.4% 5.2% 12.5% 10.9% 10.8% 12.5%
S&P/ASX All Ordinaries Accumulation Index 3.2% 2.8% -3.7% 5.4% 6.2% 2.1%
Outperformance -2.8% +2.4% +16.2% +5.5% +4.6% +10.4%
UBS Bank Bill Index 0.2% 1.1% 2.3% 2.6% 3.2% 4.0%
Outperformance +0.2% +4.1% +10.2% +8.3% +7.6% +8.5%

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

Top 10 Holdings as at 30 April 2016

HHV Hunter Hall Global Value Limited 7.2% AOG Aveo Group 2.5%
CYA Century Australia Investments Limited 4.0% MMS McMillan Shakespeare Limited 2.5%
PBG Pacific Brands Limited 
3.1%
APN APN News & Media Limited 2.4%
MVP Medical Developments International Limited 2.6% AGF AMP China Growth Fund 2.4%
GJT Galileo Japan Trust 2.6% SOL Washington H Soul Pattinson and Company Limited 2.2%

 

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