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 31 May 2015

Total Assets (millions) $35.4m

Net Assets per share (before tax) $1.00
Share price as at 04 Jul 2015 01:35 AM
$1.00
Equity exposure 67.3%

Fully Franked dividends FY2014
 (cents per share)
9.6
Fully franked dividend yield 9.60%

 


 

Perfomance as at 31 May 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* 0.3% 6.0% 6.6% 7.2% 14.1% 11.4% 12.4%
S&P/ASX All Ordinaries Accumulation Index 0.6% 11.3% 11.7% 10.1% 16.7% 10.0% 3.0%
Outperformanc -0.3% -5.3% -5.1% -2.9% -2.6% +1.4% +9.4%
UBS Bank Bill Index 0.2% 1.3% 2.4% 2.6% 2.9% 3.7% 4.2%
Outperformance +0.1% +4.7% +4.2% +4.6% +11.2% +7.7% +8.2%

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

Top 10 Holdings as at 31 May 2015

HHV Hunter Hall Global Value Limited 7.0% RMD ResMed Limited 2.3%
CYA Century Australia Investments Limited 4.7% QAN Qantas Airways Limited 2.3%
HVN
Harvey Norman Holdings Limited
3.4%
GTY Gateway Lifestyle Group 2.2%
MYX Mayne Pharma Group Limited 3.3% PRY Primary Health Care Limited 2.2%
MMS McMillan Shakespeare Limited 2.6% SGF SG Fleet Group 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