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 30 September 2014

Total Assets (millions) $36.4m

Net Assets per share (before tax) $1.06
Share price as at 25 Oct 2014 06:42 PM
$1.29
Equity exposure 47.0%

Fully Franked dividends FY2014
 (cents per share)
9.6
Fully franked dividend yield 7.44%

 


 

Perfomance as at 30 September 2014

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* -2.9% 0.9% 0.0% 7.0% 13.5% 9.7% 12.6%
S&P/ASX All Ordinaries Accumulation Index -5.3% 0.2% -0.3% 5.9% 14.0% 6.7% 1.5%
Outperformance +2.4% +0.7% +0.3% +1.1% -0.5% +3.0% +11.1%
UBS Bank Bill Index 0.2% 1.3% 0.7% 2.6% 3.4% 3.9% 4.4%
Outperformance -3.1% -0.4% -0.7% +4.4% +10.1% +5.8% +8.2%

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

Top 10 Holdings as at 30 September 2014

CYA Century Australia Investments Ltd 4.3% HIL Hills Ltd 2.4%
HHV Hunter Hall Global Value Ltd 4.1% WIC Westoz Investment Company Ltd 2.3%
CBAPA
CBA Perpectual Exc Resale Listed Sec - PERLS V
3.8%
GMA Genworth Mortgage Insurance Australia Ltd 2.1%
HVN Harvey Norman Holdings Ltd 3.1% IBC Ironbark Ltd 2.1%
IPE IPE Ltd 2.4% CYG Coventry Group Ltd 1.9%

 

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