Frequently Asked Questions
How do I invest in the Funds?
Investors can invest in each of the funds by simply buying the Company's shares through a stockbroker. The shares are listed on the Australian Securities Exchange under the codes WAM, WAX and WAA. Market information about the funds is reported in a range of newspapers.
What are the potential benefits from investing in the Funds?
· Payment of a growing stream of dividends which are anticipated to be franked, enabling many shareholders to take advantage of franking credits.
· Reduction of risk through investment in a diversified portfolio of Australian shares.
· Professional management of the portfolio by individuals with extensive stockbroking, investment and commercial experience.
· An opportunity to generate compound growth through the company’s dividend reinvestment plan which allows shareholders to buy shares.
· Australian Securities Exchange listing of the Company’s shares, providing easy and economic entry to, and exit from, the investment.
· No entry or exit charges made by the Company.
What fees are charged?
Each fund incurs a management fee of 1% of gross assets.
In addition for WAM the manager is to be paid, annually in arrears, a performance fee being 20% of:
· Where the level of the All Ordinaries Accumulation Index has increased over that period, the amount by which the Value of the Portfolio exceeds this increase; or
· Where the All Ordinaries Accumulation Index has decreased over that period, the amount of the increase in Value of the Portfolio.
In addition, for WAX the manager is to be paid, annually in arrears, a performance fee being 20% of:
· Where the level of the All Ordinaries Accumulation Index had increased over that period, the amount by which the Value of the Portfolio exceeds this increase; or
· Where the All Ordinaries Accumulation Index has decreased over that period, the amount of the increase in Value of the Portfolio.
In addition for WAA the manager is to be paid, annually in arrears, a performance fee being 20% of the increase in the gross value of the portfolio above the high water mark:
The high water mark is the greater of:
· The highest gross value of the portfolio as at the last day of the last performance period for which a performance fee was last paid or payable; and
· The gross proceeds raised from the issue of shares pursuant to the original prospectus.
The funds also incur costs directly related to their operations eg. Share registry costs, custody fees and ASX listing fees.
How long has Wilson Asset Management been managing money?
Since January 1998
How often are dividends paid?
Twice yearly generally February/March and September/October.
Please follow these links to the Dividend Re-Investment Plan Rules for each Company:
Do management invest in the funds?
Yes, each of the managers has invested their own money in the funds.
What are the risks involved?
Making any investment is a risk. Investing in our funds involves the risk of investing in the stock market. We are a boutique fund manager and so we rely heavily on the fund manager and as such there are a variety economic risks involved. These risks can be explained in detail by your financial adviser. Please refer to the Corporate Governance section under each fund for more detail.
Do you guarantee the capital?
No. We make no guarantee as to capital. We will do everything possible to preserve your capital but we cannot guarantee your capital due to the myriad of external factors that influence the stock market. Even so a primary aim of the funds is to preserve the invested capital of our clients.
Can I roll over my superannuation into your fund?
No. We are not a superannuation fund. If you have self-administered superannuation, then it is possible to invest as part of your investment strategy and we would strongly suggest that you seek advice.