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Trending ETFs

Centre American Select Equity Fund

mutual fund
DHANX
Payout Change
Pending
Price as of:
$17.95 +0.09 +0.5%
primary theme
U.S. Large-Cap Blend Equity
share class
DHANX (Mutual Fund)

Centre American Select Equity Fund

Payout Change
Pending
Price as of:
$17.95 +0.09 +0.5%
primary theme
U.S. Large-Cap Blend Equity
share class
DHANX (Mutual Fund)

Centre American Select Equity Fund

Payout Change
Pending
Price as of:
$17.95 +0.09 +0.5%
primary theme
U.S. Large-Cap Blend Equity
share class

Name

As of 10/04/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$17.95

$415 M

1.02%

$0.18

1.08%

Vitals

YTD Return

16.1%

1 yr return

24.7%

3 Yr Avg Return

11.9%

5 Yr Avg Return

18.6%

Net Assets

$415 M

Holdings in Top 10

42.0%

52 WEEK LOW AND HIGH

$17.9
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 1.08%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 86.00%

Redemption Fee 2.00%


Min Investment

Standard (Taxable)

$250,000

IRA

N/A


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 10/04/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$17.95

$415 M

1.02%

$0.18

1.08%

DHANX - Profile

Distributions

  • YTD Total Return 16.1%
  • 3 Yr Annualized Total Return 11.9%
  • 5 Yr Annualized Total Return 18.6%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.65%
DIVIDENDS
  • Dividend Yield 1.0%
  • Dividend Distribution Frequency Annual

Fund Details

  • Legal Name
    Centre American Select Equity Fund
  • Fund Family Name
    Centre Funds
  • Inception Date
    Jan 21, 2014
  • Shares Outstanding
    8295181
  • Share Class
    Instl
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    James Abate

Fund Description

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 American), 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.

1 Under current S&P Dow Jones Indices market capitalization guidelines, companies are required to have a market value of at least $15.8 billion for listing in the S&P 500 Index. S&P Dow Jones Indices typically makes adjustments to its benchmark indexes on an annual basis.

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 Added2 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 put options on U.S. large capitalization Indices such as the S&P 500 Index to hedge the portfolio and to reduce volatility. Generally, S&P 500 Index put options and others have an inverse relationship to their underlying Index level, 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 U.S. large capitalization Indices such as 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.

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.

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.

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DHANX - Performance

Return Ranking - Trailing

Period DHANX Return Category Return Low Category Return High Rank in Category (%)
YTD 16.1% 4.3% 35.1% 80.49%
1 Yr 24.7% 8.3% 58.2% 93.76%
3 Yr 11.9%* -10.6% 17.1% 8.36%
5 Yr 18.6%* -7.8% 111.2% 1.67%
10 Yr 13.1%* 0.0% 52.7% 18.47%

* Annualized

Return Ranking - Calendar

Period DHANX Return Category Return Low Category Return High Rank in Category (%)
2023 12.4% -42.6% 47.4% 76.22%
2022 -4.2% -56.3% -4.2% 0.08%
2021 10.5% -27.2% 537.8% 75.27%
2020 25.6% -22.5% 2181.7% 0.95%
2019 6.5% -13.5% 40.4% 97.01%

Total Return Ranking - Trailing

Period DHANX Return Category Return Low Category Return High Rank in Category (%)
YTD 16.1% 4.3% 35.1% 80.49%
1 Yr 24.7% 8.3% 58.2% 93.76%
3 Yr 11.9%* -10.6% 17.1% 8.36%
5 Yr 18.6%* -7.8% 111.2% 1.67%
10 Yr 13.1%* 0.0% 52.7% 18.47%

* Annualized

Total Return Ranking - Calendar

Period DHANX Return Category Return Low Category Return High Rank in Category (%)
2023 15.3% -5.0% 47.4% 87.18%
2022 -2.8% -36.8% -2.2% 0.41%
2021 28.0% 3.0% 537.8% 32.86%
2020 31.4% -15.8% 2266.0% 0.95%
2019 17.1% -0.4% 241.3% 98.82%

NAV & Total Return History


DHANX - Holdings

Concentration Analysis

DHANX Category Low Category High DHANX % Rank
Net Assets 415 M 2.34 M 1.55 T 71.12%
Number of Holdings 41 2 4002 88.83%
Net Assets in Top 10 166 M 979 K 517 B 70.79%
Weighting of Top 10 41.96% 0.3% 112.9% 24.53%

Top 10 Holdings

  1. Microsoft Corp. 7.31%
  2. NVIDIA Corp. 6.80%
  3. Apple, Inc. 6.72%
  4. Amazon.com, Inc. 4.02%
  5. Johnson Johnson 3.07%
  6. International Flavors Fragrances, Inc. 3.03%
  7. PepsiCo, Inc. 2.90%
  8. McCormick Co., Inc. 2.80%
  9. Medtronic PLC 2.69%
  10. Kinder Morgan, Inc. 2.61%

Asset Allocation

Weighting Return Low Return High DHANX % Rank
Stocks
99.78% 0.00% 105.85% 15.94%
Cash
0.22% 0.00% 99.07% 77.83%
Preferred Stocks
0.00% 0.00% 2.53% 52.99%
Other
0.00% -13.91% 100.00% 63.75%
Convertible Bonds
0.00% 0.00% 5.54% 50.49%
Bonds
0.00% 0.00% 94.06% 54.21%

Stock Sector Breakdown

Weighting Return Low Return High DHANX % Rank
Basic Materials
25.70% 0.00% 25.70% 0.08%
Energy
23.87% 0.00% 41.64% 0.16%
Technology
18.90% 0.00% 48.94% 78.75%
Communication Services
7.41% 0.00% 27.94% 65.24%
Consumer Cyclical
6.85% 0.00% 30.33% 87.56%
Industrials
5.31% 0.00% 29.90% 95.96%
Consumer Defense
5.00% 0.00% 47.71% 85.17%
Financial Services
4.50% 0.00% 55.59% 98.02%
Healthcare
2.44% 0.00% 60.70% 99.59%
Utilities
0.00% 0.00% 20.91% 92.50%
Real Estate
0.00% 0.00% 31.91% 93.41%

Stock Geographic Breakdown

Weighting Return Low Return High DHANX % Rank
US
99.78% 0.00% 105.85% 14.16%
Non US
0.00% 0.00% 64.54% 60.44%

DHANX - Expenses

Operational Fees

DHANX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.08% 0.01% 19.75% 30.70%
Management Fee 0.75% 0.00% 1.90% 89.02%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.00% 0.85% N/A

Sales Fees

DHANX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 1.00% 5.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

DHANX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee 2.00% 0.25% 2.00% 28.21%

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

DHANX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 86.00% 0.00% 268.00% 89.00%

DHANX - Distributions

Dividend Yield Analysis

DHANX Category Low Category High DHANX % Rank
Dividend Yield 1.02% 0.00% 25.47% 35.44%

Dividend Distribution Analysis

DHANX Category Low Category High Category Mod
Dividend Distribution Frequency Annual Annually Quarterly Annual

Net Income Ratio Analysis

DHANX Category Low Category High DHANX % Rank
Net Income Ratio 0.65% -54.00% 2.44% 52.81%

Capital Gain Distribution Analysis

DHANX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Distributions History

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DHANX - Fund Manager Analysis

Managers

James Abate


Start Date

Tenure

Tenure Rank

Dec 21, 2011

10.45

10.5%

James A. Abate, MBA, CPA, CFA, is the Managing Director and Chief Investment Officer of Centre Asset Management and is responsible for the firm's American Select Equity and Global Listed Infrastructure strategies. Prior to founding Centre, he was US Investment Director for GAM. Previously, he served as Managing Director/Fund Manager at Credit Suisse Asset Management responsible for the US Select Equity strategy and the firm's global sector funds. Previously, he was a Manager in Price Waterhouse's Valuation/Corporate Finance Group and also served as a commissioned officer in the US Army.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.04 39.02 7.24 2.42