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 31 October 2014

Total Assets (millions) $35.2m

Net Assets per share (before tax) $1.01
Share price as at 26 Nov 2014 12:34 PM
$1.20
Equity exposure 45.4%

Fully Franked dividends FY2014
 (cents per share)
9.6
Fully franked dividend yield 8.00%

 


 

Perfomance as at 31 October 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* 0.3% 1.6% 0.3% 3.3% 12.8% 9.3% 12.5%
S&P/ASX All Ordinaries Accumulation Index 4.0% 2.8% 3.7% 5.9% 12.9% 7.9% 2.1%
Outperformance -3.7% -1.2% -3.4% -2.6% -0.1% +1.4% +10.4%
UBS Bank Bill Index 0.2% 1.3% 0.9% 2.7% 3.3% 3.9% 4.4%
Outperformance +0.1% +0.3% -0.6% +0.6% +9.5% +5.4% +8.1%

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

Top 10 Holdings as at 31 October 2014

CYA Century Australia Investments Ltd 4.8% GMA Genworth Mortgage Insurance Australia Ltd 2.5%
HHV Hunter Hall Global Value Ltd 4.4% WIC Westoz Investment Company Ltd 2.4%
HVN
Harvey Norman Holdings Ltd
3.4%
IBC Ironbark Ltd 2.2%
APO APN Outdoor Group Ltd 2.9% HIL Hills Ltd 2.1%
IPE IPE Ltd 2.6% ALL Aristocrat Leisure Ltd 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