Centaur FR Flexible Fund

Fund Description:

The Centaur FR 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 fund’s benchmark with lower risk. The fund has a moderate to high risk profile and is suitable for investors who require a tax-efficient investment.

Fund Category:

South African Multi-Asset Flexible.

Inception Date:

01 December 2004

Objective:

The Fund targets real returns of at least 6% per annum.

Benchmark:

50% FTSE JSE Capped All Share Index (J303T)
30% Morningstar Developed Markets Target Market Exposure Index (MSDMTMUN)
20% SteFI

Fees on Class A (ex. VAT):

Annual fee:	1.25% per annum.
Performance fee:	20% above benchmark over rolling 2-year period, capped at 2% p.a.

Download MDDs (Factsheets)

Latest MDD (Factsheet):

June 2026

Historical MDD (Factsheet):

Select MDDMay 2026April 2026March 2026February 2026January 2026December 2025November 2025October 2025September 2025August 2025July 2025June 2025May 2025April 2025March 2025February 2025January 2025December 2024November 2024October 2024September 2024August 2024July 2024June 2024May 2024April 2024March 2024February 2024January 2024December 2023November 2023October 2023September 2023August 2023July 2023June 2023May 2023April 2023March 2023February 2023January 2023December 2022November 2022October 2022September 2022August 2022July 2022June 2022May 2022April 2022March 2022February 2022January 2022December 2021November 2021October 2021September 2021August 2021July 2021June 2021May 2021April 2021March 2021February 2021January 2021October 2020September 2020August 2020July 2020June 2020May 2020April 2020March 2020February 2020January 2020December 2019October 2019September 2019August 2019July 2019June 2019May 2019April 2019March 2019February 2019January 2019December 2018October 2018September 2018August 2018July 2018June 2018May 2018April 2018March 2018February 2018January 2018December 2017November 2017October 2017September 2017August 2017July 2017June 2017May 2017April 2017March 2017February 2017January 2017December 2016November 2016October 2016September 2016August 2016July 2016June 2016May 2016April 2016March 2016February 2016January 2016December 2015November 2015October 2015September 2015August 2015July 2015June 2015May 2015April 2015March 2015February 2015December 2014September 2014June 2014March 2014December 2013September 2013June 2013March 2013December 2012September 2012June 2012March 2012September 2011June 2011March 2011December 2010September 2010June 2010March 2010December 2009September 2009June 2009March 2009December 2008September 2008June 2008March 2008December 2007September 2007June 2007March 2007December 2006September 2006June 2006March 2006February 2006January 2006December 2005November 2005October 2005September 2005August 2005July 2005June 2005May 2005April 2005March 2005February 2005January 2005December 2004

Centaur FR Flexible Fund A vs. Benchmark Growth of R100 investment (Cumulative)

At: 30 June 2026 1 year 3 years 5 years 10 years Since Inception Centaur FR Flexible Fund A 15.6% 15.5% 13.1% 11.7% 15.5% Benchmark 15.3% 14.9% 13.2% 10.1% 12.2% Relative to Benchmark 0.3% 0.6% -0.1% 1.6% 3.3% Average Category Return 13.3% 13.5% 11.6% 8.7% Category Ranking 19 / 64 12 / 57 9 / 52 1 / 34 Std deviation* 10.6% 10.2% 10.6% 11.7% 12.0% Std deviation* – Benchmark 8.9% 9.7% 10.1% 12.0% 13.3%

Source: Bloomberg, Apex, Fund Focus and Centaur, at 30 June 2026. Current benchmark effective 01 November 2025. Past performance is not indicative of future results. Actual annual figures are available to the investor on request Highest and lowest calendar year performance since inception: High 46.7% Low -20.3%. *Weekly standard deviation is the measure of how much an investment’s return varies from its average on an annualised basis.