Access a stable, unfranked income stream derived from a portfolio of quality global companies. The Company continues to adopt a progressive dividend policy, meaning dividends are forecasted to grow in the future. Consistent with this policy, the Board announced in February 2022 that its intention is to increase the final dividend for FY2022 to 3.0 cents per share fully franked and to increase further the interim dividend for FY2023 to 3.25 cents per share fully franked.
The portfolio has been designed as an ‘all weather portfolio’, to maximise participation in rising markets while limiting the impact of market weakness. WCM has a strong track record of protecting capital in downward markets.
Buy a Top Performing LIC at a
Discount to NTA
Despite strong investment performance, WQG shares are currently trading at a discount to NTA. As the WCM brand continues to build in the Australian market, this discount should narrow presenting upside for investors.
Quality Global Stocks
The portfolio’s focus on quality global stocks with expanding economic moats leads it towards high growth sectors such as technology, healthcare and consumer. For Australian investors this provides significant diversification benefits as these sectors represent a relatively small proportion of the local market.
Unique Investment Process
WCM’s two key criteria for selecting an investment are:
- a rising competitive advantage (or expanding ‘economic moat’) and
- a corporate culture that supports the expansion of this moat.
WCM believes the direction of a company’s moat is more important than its absolute width or size.
Focused, Low-turnover Portfolio
The portfolio holds no more than 30 – 40 companies, chosen from a universe of over 2,100. This construction results in a high conviction portfolio ensuring the investment team’s best ideas aren’t diluted by less compelling ones.