WAM Leaders Ltd (ASX: WLE) provides investors with exposure to ASX 200 shares, focused on "compelling fundamentals, a robust macroeconomic thematic and a catalyst".
This morning, WAM Leaders announced its fund delivered a strong outperformance in FY21, translating to an increase in fully franked dividends and record profits.
WAM Leaders delivered a FY21 operating profit before tax of $318.1 million, compared to a $1.2 million loss in FY20. It's also notched a record operating profit after tax of $228.9 million.
The WAM Leaders board declared a fully franked final dividend of 3.5 cents per share. This brings its full-year dividend to 7.0 cents per share, a yield of about 4.5% at today's prices.
Let's take a look at which ASX 200 shares helped WAM Leaders achieve its record result and generous dividends.
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Which ASX 200 shares does WAM Leaders hold?
WAM Leaders' portfolio is concentrated towards the banking and financial sector, accounting for 34.1% of its holdings.
According to the company's top 25 holdings, it has positions in Australia and New Zealand Banking Group Ltd (ASX: ANZ), Commonwealth Bank of Australia (ASX: CBA), National Australia Bank Ltd (ASX: NAB), Suncorp Group Ltd (ASX: SUN) and Westpac Banking Corp (ASX: WBC).
The financials sector has been a strong performer this year, with the S&P/ASX 200 Financials (INDEXASX: XFJ) rallying 17.77% year-to-date and 33.7% in the last 12-months.
In second place, the company has allocated 18.8% of its funds to ASX 200 shares in the materials sector.
Its top 25 holdings contain household names including BHP Group Ltd (ASX: BHP), Oz Minerals Ltd (ASX: OZL), Rio Tinto Ltd (ASX: RIO) and South32 Ltd (ASX: S32).
In the company's most recent investment update, the fund increased its holding in CSL Ltd (ASX: CSL) and added Computershare Ltd (ASX: CPU) and Challenger Ltd (ASX: CGF) to the portfolio.
