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 June 2016

Total Assets (millions) $38.0m

Net Assets per share (before tax) $1.04
Share price as at 26 Jul 2016 07:56 AM
$1.08
Equity exposure 52.7%

Fully franked annualised FY16 dividend (cents per share) 5.0
Fully franked annualised FY16 dividend yield 4.63%

 


 

Performance as at 30 June 2016

1 Mth
%
6 Mth % 1 Yr
%
3 Yrs
%
p.a.
5 Yrs    %
p.a
.
Since Inception
(Jan-08)
% p.a.
WAA Investment Portfolio* -0.3% 3.1% 18.0% 14.1% 12.6% 12.8%
S&P/ASX All Ordinaries Accumulation Index -2.3% 1.6% 2.0% 8.2% 7.3% 2.2%
Outperformance +2.0% +1.5% +16.0% +5.9% +5.3% +10.6%
UBS Bank Bill Index 0.2% 1.1% 2.2% 2.5% 3.1% 4.0%
Outperformance -0.5% +2.0% +15.8% +11.6% +9.5% +8.8%

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

Top 10 Holdings as at 30 June 2016

HHV Hunter Hall Global Value Limited 7.7% ADA Adacel Technologies Limited 2.2%
CYA Century Australia Investments Limited 4.0% TGG Templeton Global Growth Fund Limited 2.1%
APN APN News & Media Limited
3.3%
IFN Infigen Energy Limited  1.9%
AGF AMP Capital China Growth Fund 2.8% MQA Macquarie Atlas Roads Group  1.8%
MVP Medical Developments International Limited 2.5% SXE  Southern Cross Electrical Engineering Limited 1.5%

 

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