Centaur BCI Flexible Fund - Centaur Asset Management

Fund Description:

The Centaur BCI Flexible Fund invests in a mix of shares, bonds, property, cash and international investments. We utilise asset allocation and stock picking to try outperform the funds benchmark with lower risk. The fund has a moderate to high risk profile and its inception date was the 1st December 2004.

Download Latest MDD (Factsheet) – August 2021

Daily Pricing:

Centaur BCI Flexible Fund: 889.27

16/09/2021

Category:

South African – Multi Asset Flexible

Objective:

The Centaur BCI Flexible Fund targets real returns of at least 6% per annum with volatility no greater than 80% of the All Share Index.

Objective and Benchmark:

60% JSE Capped SWIX (J433T), 20% MSCI World (M1WO), 20% SteFI.
Calculated over a 2 year rolling period.

Suitable for Investors Who:

Require a tax efficient investment and have a moderate to high risk profile.

Fees:

Annual fee:	1.25% per annum on the value of the fund.
Performance fee:	20% above benchmark cap over rolling 2-years, capped at 2% p.a.

The above fees are before VAT.

Minimum Disclosure Document (Factsheet):

Download Latest Minimum Disclosure Document (Factsheet):	August 2021
Past Minimum Disclosure Document (Factsheet):

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Centaur BCI Flexible Fund vs. Benchmark

As at: 31 August 2021	1 year	3 years	5 years	10 years	Since Inception¹
Centaur BCI Flexible Fund	32.8%	12.8%	10.6%	15.2%	16.4%
Benchmark²	21.4%	7.3%	7.7%	10.0%	12.0%
Relative to Benchmark	11.4%	5.5%	2.9%	5.2%	4.4%
Average Category Return	20.0%	6.2%	6.1%	10.0%
.	.	.	.	.	.
Std deviation³ – Centaur BCI Flexible Fund	13.6%	15.1%	12.8%	10.9%	12.3%
Std deviation³ – Benchmark	12.9%	15.5%	13.5%	12.1%	14.1%

Source: Maitland, Moneymate and Centaur, as at 31 July 2021.
Boutique Collective Investments (RF) (Pty) Ltd (“BCI”) is a registered Manager of the Boutique Collective Investments Scheme, approved in terms of the Collective Investments Schemes Control Act, No 45 of 2002. Collective Investment Schemes in securities are generally medium to long term investments. The value of participatory interests may go up or down and past performance is not necessarily an indication of future performance. A schedule of fees, charges, maximum commissions, and rankings is available on request. Investment performance is for illustrative purposes only and calculated by taking actual initial fees and ongoing fees into account for amount shown with income reinvested on reinvestment dates. Annualised return is weighted average compound growth rate over the period measured. Full details and basis of the award is available from the manager.

Inception Date: 01 December 2004.

*Benchmark:

1 Dec 2004 – 2 July 2007:	50% ALSI (J203), 50% FINDI (J213) to 15% RESI (J258), 65% FINDI (J250), 20% SA Repo.
3 July 2007 – 31 Oct 2018:	15% RESI (J258T), 65% FINDI (J250T), 20% SA Repo. Calculated over a 2 year rolling period.
1 Nov 2018 – Current:	60% JSE Capped SWIX (J433T), 20% MSCI World (M1WO), 20% SteFI. Calculated over a 2 year rolling period.

Weekly standard deviation is the measure of how much an investment’s return varies from its average on an annualised basis.

Highest and lowest calendar year performance since inception (as at 31 July 2021): High 46.7 Low -20.3.