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 July 2015

Total Assets (millions) $36.3m

Net Assets per share (before tax) $1.02
Share price as at 05 Sep 2015 11:05 AM
$0.96
Equity exposure 84.2%

Fully franked dividend FY2015 2.5
Fully franked dividend yield 2.60%

 


 

Performance as at 31 July 2015

1 Mth
%
6 Mth % 1 Yr
%
3 Yrs
%
p.a.
5 Yrs    %
p.a
.
Since Inception
(Jan-08)
% p.a.
WAA Investment Portfolio* 3.9% 8.4% 7.3% 14.3% 11.8% 12.5%
S&P/ASX All Ordinaries Accumulation Index 4.2% 4.5% 5.4% 14.7% 9.4% 2.7%
Outperformance -0.3% +3.9% +1.9% -0.4% +2.4% +9.8%
UBS Bank Bill Index 0.2% 1.2% 2.6% 2.8% 3.6% 4.2%
Outperformance +3.7% +7.2% +4.7% +11.5% +8.2% +8.3%

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

Top 10 Holdings as at 31 July 2015

HHV Hunter Hall Global Value Limited 7.1% PMV Premier Investments Limited 3.2%
CYA Century Australia Investments Limited 4.4% HVN Harvey Norman Holdings Limited 3.2%
IIN iiNet Limited
3.9%
QAN Quantas Airways Limited 2.9%
MYX Mayne Pharma Group Limited 3.3% SGF SG Fleet Group Limited 2.8%
BAP Burson Group Limited 3.3% PRY Primary Health Care Limited 2.7%

 

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