WAM Research
Wilson Asset Management - Webinar Presentation |
About this Fund
Fund Detail
PDS | |
FUND MANAGER | MAM Pty Ltd |
ASX Code | WAX* |
APIR | |
ASSET CLASS | LISTED INVESTMENT COMPANY |
INVESTMENT STYLE | WAX provides investors with exposure to a diversified portfolio of undervalued growth companies, which are generally small-to-medium sized industrial companies listed on the ASX. |
INVESTMENT PROFILE | WAX seeks to provide a rising stream of fully franked dividends and achieve a high real rate of return, comprising both income and capital growth, within acceptable risk parameters. |
CURRENCY MANAGEMENT | Unhedged |
INCEPTION DATE | |
BENCHMARK | N/A |
FUND SIZE | N/A |
DISTRIBUTION FREQUENCY | Half-yearly |
NO. OF HOLDINGS | 30-50 |
FEES | 1.00% p.a. |
STRUCTURE |
Benefits
Benefits | Investment PhilosophyThe investment philosophy of the Company is exemplified by the following broad principles:
The Directors consider that the investment philosophy outlined above is shared by the Manager. |
RISK LEVEL | |
INVESTOR SUITABILITY |
Risks
Title | |
Detail |
Key Features
About the FundWilson Investment Fund Limited is a company which has been formed to invest in a portfolio of permitted investments (see Section 2.9 of the Prospectus for details). The Company provides investors with the opportunity to invest in a medium to long term Portfolio and gain access to a defined investment process and the management experience of the management team of the Manager. The Company will predominantly invest in ASX listed Securities. It is anticipated that the majority of the monies raised will be invested in Australian equities. The Company will take a medium to long term view with respect to its investments. The Company will focus on active capital management which will involve buy-backs of its Shares when its Shares are trading at a sizeable discount to its net tangible asset backing and the issue of other securities through bonus issues, rights issues and option issues, with a view to enhancing the value of the Securities held by the investor. The Company will also maintain a dividend reinvestment plan. See Section 10.8 of the Prospectus for details. The Company intends to manage its Portfolio with a view to building the number of entities represented in the Portfolio to a minimum of 30 stocks. Investment ObjectivesThe 3 investment objectives of the Company are to:
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Mandate
How we invest your moneyThe principal factors in determining the investment decisions of the Company are extensive. This may involve detailed discussion with management of the investee entity and its competitors. Initially the Manager will identify a universe of stocks for investment by the Company. This involves considering relevant micro and macro economic factors and targeting under-researched companies. Once a potential investment has been identified, the Manager will undertake extensive analysis. Publicly available information about the entity will be accessed and discussion with competitors undertaken where possible. The Manager will then meet with the potential investee company's management, discussing at length the various dynamics of the business, focusing on profit drivers. The above strategy may be achieved through the purchase of shares or other permitted investments. Permitted InvestmentsThe Company proposes to invest in the following investments:
Under the Management Agreement, the Manager may only undertake investments in accordance with the above criteria. |