search
search

WAM Capital Limited (WAM) Report & Performance

Home | Domestic Equities | Australian Large Growth | WAM Capital Limited

What is the WAM Capital Limited fund?

WAM Capital Limited (WAM) was listed in August 1999 and is managed by Wilson Asset Management (International) Pty Ltd. WAM provides an actively managed portfolio that focuses on investing in a diversified portfolio of growth companies. Primarily small-to-mid cap industrial securities. The investment objectives of the fund are to provide a stream of fully franked dividends, provide capital growth and preserve capital.

  • WAM predominantly invests in a diversified portfolio of undervalued growth companies.
  • The portfolio focuses on smaller cap stocks.
  • The portfolio has limited exposure to the resource and energy sectors.
  • The portfolio is actively managed and as such will likely have significant turnover.

Quick Links

  • Share
Media Updates

Growth of $1000 Investment Over Time

Performance Report

Peer Comparison Report

Peer Comparison Report

Product Snapshot

  • Product Overview
  • Performance Review
  • Peer Comparison
  • Product Details

Product Overview

Fund Name APIR Code
? A Product Code is unique a identifier code issued by a group or governing body, to reference products in a large group. For an example, APIR codes are commonly used for Funds and Ticker codes are commonly used for Securities such as ETFs and Stocks.
Structure
?
Asset Class
? An Asset Class breakdown provides the percentages of core asset classes found within a mutual fund, exchange-traded fund, or another portfolio. Asset classes (in microeconomics and beyond) generally refer to broad categories such as equities, fixed income, and commodities.
Asset Category
? An Asset Category is a grouping of investments that exhibit similar characteristics and are subject to the same laws and regulations. Asset categories (or a sub-asset class) are made up of instruments which often behave similarly to one another in the marketplace, looking down to the Asset Category level is important if looking to build a diversified portfolio.
 Peer Benchmark Name
? A Peer Index (benchmark) refers to a peer group of investment managers who have the same investment style or category. It is used to compare the performance of one manager to their peer group, which makes it simpler for investors to choose between the vast number of investment managers.
 Broad Market Index
? A Market Index (benchmark) refers to a hypothetical portfolio of investments that represents a segment, asset or category of an investable market. Market Indices are used to benchmark managers performance, to assist their style reliability and ability to provide excess returns.
 FUM
? Funds/Assets under management (AUM) is the total market value of the investments that a person or entity manages on behalf of clients. Assets under management definitions and formulas vary by company.
 Management Fee
? A management fee is a charge levied by an investment manager for managing an investment fund. The management fee is intended to compensate the managers for their time and expertise for selecting finanical products and managing the portfolio.
Performance Fee
? A performance fee is a payment made to an investment manager for generating positive returns. This is as opposed to a management fee, which is charged without regard to returns. A performance fee can be calculated many ways. Most common is as a percentage of investment profits, often both realized and unrealized. It is largely a feature of the hedge fund industry, where performance fees have made many hedge fund managers among the wealthiest people in the world.
 Spread
? A spread can have several meanings in finance. Basically, however, they all refer to the difference between two prices, rates or yields. In one of the most common definitions, the spread is the gap between the bid and the ask prices of a security or asset, like a stock, bond or commodity. This is known as a bid-ask spread.
WAM Capital LimitedWAMLICs & LITsDomestic EquitiesAustralian Large GrowthDomestic Equities - Australian Large GrowthASX Index 200 Index$2,028,917,3381.00%20.00%0.42%

Performance Review

Fund Name Last Month
? Returns after fees in the most recent (last) month).
3 Months Return
? Returns after fees in the most recent 3 months.
1 Year Return
? Trailing 12 month returns.
 3 Years Average Return
? Average Annual returns from the last 3 years.
 Since Inc. Average Return
? Average (annualised) returns since inception
 1 Year Std. Dev. (Annual)
? The standard deviation (or annual volatility) of the last 12 months.
 3 Years Std. Dev. (Annual)
? The average standard deviation (or annual volatility) from the last 3 years.
Since Inc. Std. Dev. (Annual)
? The average standard deviation (or annual volatility) since the fund inception.
 1 Year Max Drawdown
? The maximum drawdown in the last 12 months - a drawdown is a peak-to-trough decline during a specific period for an investment, trading account, or fund.
 3 Year Max Drawdown
? The maximum drawdown in the last 36 months - a drawdown is a peak-to-trough decline during a specific period for an investment, trading account, or fund.
 Since Inc. Max Drawdown
? The maximum drawdown since inception - a drawdown is a peak-to-trough decline during a specific period for an investment, trading account, or fund.
WAM Capital Limited1.89%13.29%5.02%-4%9.25%14.94%16.94%16.4%-11.47%-26.66%-34.77%

Peer Comparison

Fund Name Peer Index Name
? A group of individuals who share similar characteristics and interests are called peer groups. Peer group analysis is an essential part of assessing a price for a particular stock in investment research. The emphasis here is on making a comparison, meaning that the peer group constituents should be more or less identical to the company being examined, especially in terms of their main business and market capitalization areas.
 12 Months Excess Return
? Excess returns are an important metric that helps an investor to gauge performance in comparison to other investment alternatives. In general, all investors hope for positive excess return because it provides an investor with more money than they could have achieved by investing elsewhere.
 Excess Return Annualised Since Inception
? Excess returns are an important metric that helps an investor to gauge performance in comparison to other investment alternatives. In general, all investors hope for positive excess return because it provides an investor with more money than they could have achieved by investing elsewhere.
 12 Months Alpha
? Alpha is used in finance as a measure of performance, indicating when a strategy, trader, or portfolio manager has managed to beat the market return over 12 months. Alpha, often considered the active return on an investment, gauges the performance of an investment against a market index or benchmark that is considered to represent the market’s movement as a whole.
Alpha Annualised Since Inception
? Alpha is used in finance as a measure of performance, indicating when a strategy, trader, or portfolio manager has managed to beat the market annualized since inception. Alpha, often considered the active return on an investment, gauges the performance of an investment against a market index or benchmark that is considered to represent the market’s movement as a whole.
12 Months Beta
? Rolling 12Month Beta is a measure of the volatility—or systematic risk—of a security or portfolio compared to the market as a whole. Beta is used in the capital asset pricing model (CAPM), which describes the relationship between systematic risk and expected return for assets (usually stocks).
Beta Annualised Since Inception
? Beta is a measure of the volatility—or systematic risk—of a security or portfolio compared to the market as a whole. Beta is used in the capital asset pricing model (CAPM), which describes the relationship between systematic risk and expected return for assets (usually stocks).
 12 Months Tracking Error
? 12Month Tracking error is the difference in actual performance between a position (usually an entire portfolio) and its corresponding benchmark over the last 12 months. The tracking error can be viewed as an indicator of how actively a fund is managed and its corresponding risk level. Evaluating a past tracking error of a portfolio manager may provide insight into the level of benchmark risk control the manager may demonstrate in the future.
Tracking Error Since Inception
? Since Inception tracking error is the difference in actual performance between a position (usually an entire portfolio) and its corresponding benchmark since inception. The tracking error can be viewed as an indicator of how actively a fund is managed and its corresponding risk level. Evaluating a past tracking error of a portfolio manager may provide insight into the level of benchmark risk control the manager may demonstrate in the future.
12 Months Correlation
? Correlation, in the finance and investment industries, is a statistic that measures the degree to which two securities move in relation to each other. Correlations are used in advanced portfolio management, computed as the correlation coefficient, which has a value that must fall between -1.0 and +1.0.
 Correlation Since Inception
? Correlation, in the finance and investment industries, is a statistic that measures the degree to which two securities move in relation to each other. Correlations are used in advanced portfolio management, computed as the correlation coefficient, which has a value that must fall between -1.0 and +1.0.
WAM Capital LimitedDomestic Equities - Australian Large Growth-5.38%1.6%NA%NA%NA%1.648.92%9.91%0.890.8

Product Details

Fund Name Verifed by SMSF Mates Manager Address Phone Website Email
WAM Capital LimitedYesLevel 26, Governor Phillip Tower, 1 Farrer Place, Sydney NSW 200061 2 9247 6755https://wilsonassetmanagement.com.au/info@wilsonassetmanagement.com.au

Product Due Diligence

What is WAM Capital Limited

WAM Capital Limited is an LICs & LITs investment product that is benchmarked against ASX Index 200 Index and sits inside the Domestic Equities - Australian Large Growth. Think of a benchmark as a standard where investment performance can be measured. Typically, market indices like the ASX200 and market-segment stock indexes are used for this purpose. The WAM Capital Limited has Assets Under Management of $2,028,917,338 with a management fee of 1.00%, a performance fee of 20.00% and a buy/sell spread fee of 0.42%.

How has the investment product performed recently?

The recent investment performance of the investment product shows that the WAM Capital Limited has returned 1.89% in the last month. The previous three years have returned -4% annualised and 16.4% each year since inception, which is when the WAM Capital Limited first started.

How is risk measured in this investment product?

There are many ways that the risk of an investment product can be measured, and each measurement provides a different insight into the risk present. They can be used on their own or together to perform a risk assessment before investing, but when comparing investments, it is common to compare like for like risk measurements to determine which investment holds the most risk. Since WAM Capital Limited first started, the Sharpe ratio is NA with an annualised volatility of 16.4%. The maximum drawdown of the investment product in the last 12 months is -11.47% and -34.77% since inception. The maximum drawdown is defined as the high-to-low decline of an investment during a particular time period.

What is the relative performance of the investment product?

Relative performance is what an asset achieves over a period of time compared to similar investments or its peers. Relative return is a measure of the asset's performance compared to the return to the other investment. The WAM Capital Limited has a 12-month excess return when compared to the Domestic Equities - Australian Large Growth of -5.38% and 1.6% since inception.

Does the investment product produce Alpha over its Peers?

Alpha is an investing term used to measure an investment's outperformance relative to a market benchmark or peer investment. Alpha describes the excess return generated when compared to peer investment. WAM Capital Limited has produced Alpha over the Domestic Equities - Australian Large Growth of NA% in the last 12 months and NA% since inception.

What are similar investment products?

For a full list of investment products in the Domestic Equities - Australian Large Growth category, you can click here for the Peer Investment Report.

What level of diversification will WAM Capital Limited provide?

WAM Capital Limited has a correlation coefficient of 0.8 and a beta of 1.64 when compared to the Domestic Equities - Australian Large Growth. Correlation measures how similarly two investments move in relation to one another. This establishes a 'correlation coefficient', which has a value between -1.0 and +1.0. A 100% correlation between two investments means that the correlation coefficient is +1. Beta in investments measures how much the price moves relative to the broader market over a period of time. If the investment moves more than the broader market, it has a beta above 1.0. If it moves less than the broader market, then the beta is less than 1.0. Investments with a high beta tend to carry more risk but have the potential to deliver higher returns.

How do I compare the investment product with its peers?

For a full quantitative report on WAM Capital Limited and its peer investments, you can click here for the Peer Investment Report.

How do I compare the WAM Capital Limited with the ASX Index 200 Index?

For a full quantitative report on WAM Capital Limited compared to the ASX Index 200 Index, you can click here.

Can I sort and compare the WAM Capital Limited to do my own analysis?

To sort and compare the WAM Capital Limited financial metrics, please refer to the table above.

Has the WAM Capital Limited been independently verified by SMSF Mate?

This investment product is in the process of being independently verified by SMSF Mate. Once we have verified the investment product, you will be able to find more information here.

How can I invest in WAM Capital Limited?

If you or your self managed super fund would like to invest in the WAM Capital Limited please contact Level 26, Governor Phillip Tower, 1 Farrer Place, Sydney NSW 2000 via phone 61 2 9247 6755 or via email info@wilsonassetmanagement.com.au.

How do I get in contact with the WAM Capital Limited?

If you would like to get in contact with the WAM Capital Limited manager, please call 61 2 9247 6755.

Comments from SMSF Mates

SMSF Mate does not receive commissions or kickbacks from the WAM Capital Limited. All data and commentary for this fund is provided free of charge for our readers general information.

Video Gallery

No current media available.

Kind words from Aussies managing
their own self funded futures

  • SMSF Mate is a unique website because it has ideas about how to approach SMSFs, insurance and other financial topics that come straight from first hand experience. It's much more useful than what you find on all the other financial websites that just offer generic info that you could easily get on the ATO's website. It's also nice to know there's no financial incentive behind the information, it's legitimately there to help people understand self-managed super funds and how to get the most out of them, not to get an affiliate commission from a broker or other financial services provider. The investment product information is also incredibly useful, I've never seen this kind of functionality on any other website that let's you look at such a wide range of products, sort by what info is most interesting or important to you, and subscribe to updates for different funds and financial products all in one place. Definitely worth checking out if you own or are considering an SMSF!

    David G, Self-Employed, SMSF Owner

  • SMSF Mate provides a unique insight into superannuation and financial topics in a way that is easier to understand than conventional websites. The colloquial nature of the site makes it easy to understand and they often speak about complicated topics in lamens terms so I can wrap my head around them. The investment product information is a great way to research funds that I am interested in investing in with my SMSF and there is a lot of helpful information on the site for better structuring my investment portfolio. In comparison to other websites which offer similar information, SMSF Mate excels as the information is free to access whereas many other sites charge a subscription fee for the same thing. Overall, I think SMSF Mate is a great resource for SMSF trustees and is worth looking at for a variety of super-related topics. Thanks.

    Tim B, Business Owner, SMSF Trustee

Latest articles

Superannuation Advice Australia: Maximise Your Retirement Savings
A Beginner’s Guide to Unused Carry Forward Concessional Contributions Rules
What is My Wife Entitled to in a Divorce Australia? A Comprehensive Guide