WAM Active

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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 August 2014

Total Assets (millions) $37.5m

Net Assets per share (before tax) $1.08
Share price as at 15 Sep 2014 07:27 PM
$1.46
Equity exposure 62.3%

Fully Franked FY2014 annualised interim dividend
 (cents per share)
9.6
Fully franked FY2014 annualised interim dividend yield 6.58%

 


 

Perfomance as at 31 August 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* 0.8% 4.5% 3.0% 14.5% 14.9% 11.7% 13.3%
S&P/ASX All Ordinaries Accumulation Index 0.7% 6.0% 5.2% 14.4% 13.6% 9.1% 2.4%
Outperformance +0.1% -1.5% -2.2% +0.4% +1.3% +2.6% +10.9%
UBS Bank Bill Index 0.2% 1.3% 0.5% 2.7% 3.4% 3.9% 4.4%
Outperformance +0.6% +3.2% +2.5% +12.1% +11.5% +7.8% +8.9%

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

Top 10 Holdings as at 31 August 2014

CYA Century Australia Investments Ltd 4.5% IPE IPE Ltd 2.7%
HHV Hunter Hall Global Value Ltd 3.9% GMA Genworth Mortgage Insurance Australia Ltd 2.7%
CBAPA
CBA Perpectual Exc Resale Listed Sec - PERLS V
3.8%
MYR Myer Holdings Ltd 2.7%
MQA Macquaie Atlas Roads Group 3.6% WIC Westoz Investment Company Ltd 2.4%
HIL Hills Ltd 2.8% HVN Harvey Norman Holdings Ltd 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