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 2015

Total Assets (millions) $36.7m

Net Assets per share (before tax) $1.04
Share price as at 29 May 2015 03:45 AM
$1.06
Equity exposure 71.1%

Fully Franked dividends FY2014
 (cents per share)
9.6
Fully franked dividend yield 9.06%

 


 

Perfomance as at 30 April 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* 0.4% 5.9% 6.2% 7.6% 13.4% 10.4% 12.5%
S&P/ASX All Ordinaries Accumulation Index -1.5% 7.1% 11.1% 10.2% 13.7% 8.2% 2.9%
Outperformanc +1.9% -1.2% -4.9% -2.6% -0.3% +2.2% +9.6%
UBS Bank Bill Index 0.2% 1.3% 2.2% 2.7% 3.0% 3.7% 4.2%
Outperformance +0.2% +4.6% +4.0% +4.9% +10.4% +6.7% +8.3%

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

Top 10 Holdings as at 30 April 2015

HHV Hunter Hall Global Value Limited 6.7% BAP Burson Group Limited 2.8%
CYA Century Australia Investments Limited 4.8% QUB Qube Holdings Limited 2.3%
TOL
Toll Holdings Limited
4.0%
FXJ Fairfax Media Limited 2.3%
MYX Mayne Pharma Group Limited 3.1% MMS McMillan Shakespeare Limited 2.3%
EGP Echo Entertainment Group Limited 3.1% CSR CSR 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