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2.78  /  0.39%

NAV on 2017/11/24

709.92

NAV on 2017/11/23 707.14
52 week high on 2017/11/24 709.92
52 week low on 2016/12/02 595.84
Total Expense Ratio on 2017/06/30 2.61
Total Expense Ratio (performance fee) on 2017/06/30 1.1
NAV Incl Dividends
1 month change 3.39% 3.39%
3 month change 5.89% 7.07%
6 month change 8.27% 9.48%
1 year change 16.98% 18.76%
5 year change 15.11% 16.83%
10 year change 12.33% 15%
  • Sectoral allocations
Basic Materials 180.89 8.81%
Consumer Goods 101.80 4.96%
Consumer Services 207.87 10.13%
Financials 353.62 17.23%
Fixed Interest 250.79 12.22%
Foreign 494.05 24.07%
Gilts 79.96 3.90%
Health Care 29.88 1.46%
Industrials 108.15 5.27%
Liquid Assets 20.26 0.99%
Other Sec 106.43 5.18%
Technology 44.69 2.18%
Telecommunications 74.39 3.62%
  • Top five holdings
U-CORSTRI 110.35 5.38%
 OLDMUTUAL 110.29 5.37%
 BATS 101.80 4.96%
 WOOLIES 97.87 4.77%
 NASPERS-N 80.35 3.91%
  • Performance against peers
  • Fund data
Management company:
Boutique Collective Investments (RF) (Pty) Ltd.
Formation date:
2004/12/01
ISIN code:
ZAE000060075
Short name:
U-CENFLEX
Risk:
Unknown
Sector:
South African--Multi Asset--Flexible
Benchmark:
Composite of 15% RESI J258T, 65% FINDI J250T, 20% Repo
Contact details

Email
clientservices@bcis.co.za

Website
http://www.bcis.co.za

Telephone
021-007-1500

  • Fund management
Roger Williams
Centaur Asset Management


  • Fund manager's comment

Centaur MET Flexible comment - Sep 13

2013/11/25 00:00:00
There was much to fret about over the last quarter: Will the West attack Syria? Will Gold Miners' strike? Will the US Fed tighten monetary policy? But none of these risks eventuated and the JSE rose 11% bolstered by an 18% rise in the JSE Resources Index. The global economy is not too hot (causing inflation and monetary tightening), nor too cold (where earnings are under pressure) and consequently equities are performing well. In the absence of tighter monetary policy or an economic shock, the stock market should hold up.
In investment circles there is often the debate between value and growth but the correct debate should be around a business's capability and business model. Winning investments mustn't be overpriced, but must also have the correct business model which allows them to grow at the expense of their peers.
I try to maintain vigilance in selecting the best portfolio in terms of risk and reward over the medium term. Your fund remains the top performing Flexible Fund over 5 years.
  • Fund focus and objective
The portfolio may invest in global and local equity securities, government bonds, corporate bonds and inflation linked bonds, debentures, property securities, property related securities, preference shares, non-equity securities, interest bearing securities, money market instruments and assets in liquid form.

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