Centre American Select Equity Fund

C000136015 Fund Overview

Centre American Select Equity Fund is a US mutual fund managed by Centre Funds, categorised as United States Large Cap Blend / Core Equity. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.

• Type: US mutual fund
• Manager: Centre Funds
• Category: United States Large Cap Blend / Core Equity
• Assets under management: $336.41M
• 1-year return: -1.0%
• SEC CIK: 0001517238
• SEC series ID: S000035644
• Share class ID: C000136015

C000136015 Investment Objective and Strategy

Centre American Select Equity Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Centre Funds.

Investment objective

"The Centre American Select Equity Fund (the ""Fund"") seeks long-term growth of capital."

Principal investment strategy

"The investment objective of the Fund is to seek long-term growth of capital. This investment objective may be changed without shareholder approval. The Fund is a diversified fund that normally invests at least 80% of its net assets, plus borrowings for investment purposes, in equity securities of large capitalization U.S. companies. U.S. companies, for this purpose, consist of those companies that: (i) are incorporated in the U.S.; and (ii) list their common stock on, and principally trade on, the New York Stock Exchange (""NYSE"") (including NYSE Arca and NYSE Amex), the NASDAQ Global Select Market, the NASDAQ Select Market, or the NASDAQ Capital Market. The 80% portion of the Fund's portfolio consists of investments in U.S. companies that are members of the S&P 500 Index or possess similar minimum market capitalization and trading volume attributes.

1 The Fund's common stock investments may include exchange-listed equities from companies across various sectors and industries. The remaining 20% of the Fund's net assets, plus borrowings for investment purposes, may include small-cap and mid-cap companies, preferred stock, exchange-traded funds (""ETFs""), and preferred stock. In selecting investments for the Fund, the Adviser utilizes a ""bottom-up"" fundamental stock selection process that the Adviser believes yields a more accurate picture of a company's intrinsic value. The Adviser analyzes a variety of factors when selecting investments for the Fund, such as a company's operations, risk profile, growth expectations and valuation of its securities. The Adviser utilizes a disciplined, Economic Value Added 2 framework to select investments.

The framework focuses on the fundamentals of shareholder wealth creation and wealth destruction similar to the way a traditional, long-term focused corporate investor looking at all aspects of the business would assess a company's value. In the shorter-term, markets often undervalue or overvalue a company's ability to create or destroy shareholder wealth. The framework seeks to identify and exploit these investment opportunities. The approach is designed to capture excess returns when the market price of a stock converges toward the Adviser's target price. In determining whether a particular company or security may be a suitable investment for the Fund, the Adviser may focus on any number of different attributes that may include, without limitation: the company's ability to generate favorable returns in light of current growth prospects, market position and expertise, brand value, pricing power, measures of financial strength ( e.g ., strong balance sheet), profit margin changes, return on capital improvement, sustainability of revenue growth, ability to generate cash flow, strong management, commitment to shareholders' interests, dividends or current income, market share gains, innovation and reinvestment, corporate governance and other indications that a company or a security may be an attractive investment.

Lastly, the Adviser integrates security selection with appropriate stock position sizing (determining the appropriate percentage of the Fund's assets to commit to a particular investment) in order to maximize return relative to risk. The Adviser may sell or reduce the Fund's position in a security when the facts or analysis surrounding the reasons for investing in the security have changed. The Fund may purchase or sell exchange-traded derivative products, such as exchange-traded futures and options, for capital preservation, enhancement of returns, temporary cash management, or investment transition purposes. For example, the Adviser may utilize exchange-traded futures and options to hedge the risks of existing stock positions in the Fund's portfolio against significant equity market declines that may occur over short periods of time.

Such capital protection strategies will be used tactically when the Adviser's current assessment of market valuation indicates forward returns as low relative to downside risk and the cost to upside potential from utilizing portfolio preservation tools reasonable. A protective put option strategy, when tactically employed, is executed using exchange-traded S&P 500 Index put options to hedge the portfolio and to reduce volatility. Generally, S&P 500 Index put options have an inverse relationship to the S&P 500 Index meaning that the value of an index put option generally increases as the underlying securities in the Fund decrease in price and decreases as those securities increase in price. The Adviser may also seek to enhance returns by writing (selling) out of the money call options tailored with exercise prices generally above the current market prices of stocks held in the Fund or on the S&P 500 Index at the time of the call sale.

As the seller of the call option, the Fund receives cash (the premium) from the purchaser. Furthermore, the Fund may also invest in S&P 500 Index futures to increase the Fund's overall market exposure following cash inflows from new investments in the Fund. The Fund generally maintains a fully-invested posture. As such, cash is typically held to a minimum. However, significant investor inflows may temporarily increase cash positions. The Fund may also, under unusual circumstances, take temporary defensive positions and hold up to 100% of its portfolio in cash or cash equivalent positions. The Fund may engage in frequent or active trading depending on market conditions, resulting in a high portfolio turnover rate. A high portfolio turnover rate may result in increased transaction costs, including brokerage commissions, which must be borne by the Fund and its shareholders, and is also likely to result in higher short-term capital gains for taxable shareholders.

These costs are not reflected in annual fund operating expenses or in the expense example above, but are reflected in the Fund's performance. 1 Under current S&P Dow Jones Indices market capitalization guidelines, companies are required to have a market value of at least $6.1 billion for listing on the S&P 500 Index. S&P Dow Jones Indices typically makes adjustments to its benchmark indexes on an annual basis. 2 Economic Value Added (EVA) is an estimate of a company's economic profit. Economic profit, which refers to the profit earned by a company, minus the cost of financing the company's capital, is an amount that may be considered in the assessment of a company's overall value."

C000136015 Holdings

Top 10 holdings of Centre American Select Equity Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.

View all C000136015 holdings

C000136015 Portfolio Allocation

Asset-class allocation of Centre American Select Equity Fund by percentage of net assets, from the latest SEC N-PORT filing.

C000136015 Performance

Total returns for C000136015 (as of 2026-10-01), from SEC filings.

C000136015 Risk Information

Risk metrics for C000136015, derived from monthly returns in SEC filings.

• 1-year volatility (annualised): 9.4%

C000136015 Costs and Fees

C000136015 costs about $105 per $10,000 invested per year in fund expenses.

• Net expense ratio: 1.05%
• Gross expense ratio: 1.10%
• Portfolio turnover: 81%
• Brokerage commissions: 5.07 bps of average net assets (SEC N-CEN)

C000136015 Cashflows

Over the 12 months to 2025-03, Centre American Select Equity Fund had net outflows of $6.49M, from monthly SEC N-PORT filings.

C000136015 Debt Constituents

No individual debt constituents are reported in Centre American Select Equity Fund's latest SEC N-PORT filing.

C000136015 Prospectus and SEC Filings

Official Centre American Select Equity Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.

• Prospectus (485BPOS) — filed 2025-01-28
• Prospectus (485BPOS) — filed 2024-01-29
• Prospectus supplement (497) — filed 2025-04-01
• Portfolio holdings (N-PORT) — filed 2025-05-28
• Portfolio holdings (N-PORT) — filed 2025-02-21
• Portfolio holdings (N-PORT) — filed 2024-11-25
• Annual census (N-CEN) — filed 2024-12-12
• Annual census (N-CEN) — filed 2023-12-07

Related Funds

Other United States Large Cap Blend / Core Equity funds tracked on ABC INVEST:

• Vanguard Total Stock Market Index Fund (VTSMX)
• Vanguard 500 Index Fund (VFINX)
• iShares Core S&P 500 ETF (IVV)
• Fidelity 500 Index Fund (FXAIX)
• Vanguard Institutional Index Fund (VINIX)

Data Sources

ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.