TILDX — Centaur Total Return Fund
Data updated: 2024-07-01
TILDX — Centaur Total Return Fund. United States Value Equity · $7.37M AUM · 0.73% expense ratio. Holdings, fees, performance and SEC filings.
TILDX Fund Overview
TILDX — Centaur Total Return Fund is a US mutual fund managed by Centaur Mutual Funds Trust, categorised as United States Value Equity. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: Centaur Mutual Funds Trust
- Category: United States Value Equity
- Assets under management: $7.37M
- 1-year return: 9.6%
- Ticker: TILDX
- SEC CIK: 0001295908
- SEC series ID: S000010517
- Share class ID: C000029038
TILDX Investment Objective and Strategy
Centaur Total Return Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Centaur Mutual Funds Trust.
Investment objective
"Investment Objective. The Centaur Total Return Fund (""Fund"") seeks maximum total return through a combination of capital appreciation and current income."
Principal investment strategy
"Principal Investment Strategies. The Fund invests in equity securities of companies that the Advisor believes are undervalued in the securities markets, but which also offer high dividend yields relative to the yield of the broad market averages such as the S&P 500 Total Return Index. The Fund typically invests in common stocks and other equity securities, which may include securities issued by real estate investment trusts (REITs), publicly traded master limited partnerships (MLPs) or royalty trusts, as well as preferred stocks, convertible bonds, convertible preferred stocks, and warrants. In addition to investing in equity securities that offer high dividend yields, the Advisor expects to generate income from selling covered call options on securities in the Fund. The use of covered call options in combination with the purchase of equity securities allows for the inclusion of undervalued, non-dividend paying stocks in the Fund's portfolio while still satisfying the Fund's goal of generating investment income.
Securities so purchased will be selected based upon the Advisor's determination of the attractiveness and risk profile of the underlying stock as well as the income potential of selling covered call options on the security. The Advisor intends to use the above strategies to structure the Fund's investment portfolio in such a way as to seek to achieve an income yield superior to that of the S&P 500 Total Return Index. The Fund may also invest in non-dividend paying stocks without selling covered call options if the Advisor believes the stocks can produce significant capital appreciation. At the discretion of the Advisor, the Fund may allocate its capital to bonds and short-term instruments. The Fund may purchase bonds of any credit quality, maturity, or yield. The Fund may invest in investment-grade fixed income securities and securities that are below investment-grade (i.e., ""junk bonds"") or short-term, highly liquid investments, such as money market instruments, U.S.
government obligations, commercial paper, repurchase agreements, and other cash or cash equivalent positions. The Fund primarily invests in securities of U.S. companies, but may also invest in foreign companies. The Advisor will vary the percentage of the Fund's assets allocated to each of the above categories based on the Advisor's judgment of the attractiveness of available investment opportunities as well as market and economic conditions. To select equity securities for the Fund, the Advisor seeks to identify companies that it understands well and that possess one or more of the following characteristics: Positive (or projected positive) revenue or profit trends; Healthy balance sheet, characterized by ample cash relative to debt, efficient working capital management, high or increasing liquidity, or other metrics that the Advisor believes indicate the company's ability to withstand unexpected shocks, reinvest in the business, and improve its business prospects and circumstances; Strong free cash flow generation; Powerful and sustainable competitive advantages; Management team that: (i) operates the business well and has a sound strategy to build it over time; (ii) allocates capital wisely to enhance shareholder value; and (iii) has high integrity; or Policies (e.g., compensation structures) that do not significantly dilute shareholders' ownership.
In addition to the above criteria the Advisor will consider high dividend yields when selecting stocks. The Advisor seeks to identify companies whose stocks are trading, in the opinion of the Advisor, at a substantial discount to the intrinsic value, however, the Advisor may select stocks with a somewhat modest discount to the Advisor's estimate of intrinsic value if the Advisor believes that the security's dividend yield is sufficiently high, secure, and/or likely to grow over time. In selecting bonds for the Fund, the Advisor examines the relationships of current yield and risk of the bonds as compared to available equity securities."
TILDX Holdings
Top 1 holdings of Centaur Total Return Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| First American Funds Inc. | 2.48% |
TILDX Portfolio Allocation
Asset-class allocation of Centaur Total Return Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Cash & Equivalents | 2.5% |
TILDX Performance
Total returns for TILDX (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | 9.6% |
| 3 years (annualised) | -2.3% |
TILDX Risk Information
Risk metrics for TILDX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 12.9%
TILDX Costs and Fees
TILDX costs about $73 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.73%
- Gross expense ratio: 3.81%
- Portfolio turnover: 220%
- Brokerage commissions: 31.66 bps of average net assets (SEC N-CEN)
TILDX Cashflows
Over the 12 months to 2024-04, Centaur Total Return Fund had net outflows of $5.38M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2024-04 | −$122.50K |
| 2024-03 | −$664.77K |
| 2024-02 | −$3.16M |
| 2024-01 | −$14.30M |
| 2023-12 | −$1.27M |
| 2023-11 | $14.41M |
TILDX Debt Constituents
No individual debt constituents are reported in Centaur Total Return Fund's latest SEC N-PORT filing.
TILDX Prospectus and SEC Filings
Official Centaur Total Return Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2024-02-29
- Prospectus (485BPOS) — filed 2023-02-28
- Prospectus supplement (497) — filed 2023-07-14
- Portfolio holdings (N-PORT) — filed 2024-07-01
- Portfolio holdings (N-PORT) — filed 2024-04-01
- Portfolio holdings (N-PORT) — filed 2024-01-02
- Annual census (N-CEN) — filed 2024-01-11
- Annual census (N-CEN) — filed 2023-01-12
Related Funds
Other United States Value Equity funds tracked on ABC INVEST:
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.