Tracker Fund
The CNRBTF is now closed and no longer accepting subscriptions.
Centaur Natural Resources Bond
Tracker Fund
“Every portfolio benefits from bonds; they provide a cushion when the stock market hits a rough patch.”
Suze Orman
American author, financial advisor, motivational speaker, and television host.
Invest In
Centaur Natural Resources Bond
Tracker Fund
The Centaur Natural Resources Bond Tracker Fund (“CNRBTF”) is an open ended Mutual Fund, managed by Centaur Asset Management Ltd, the multi award winning international asset management and investment advisory division of Centaur.
The CNRBTF allows investors to gain exposure to Centaur Natural Resources Bonds which are issued by Centaur Group Finance Ltd. The underlying ‘bonds’ or ‘debt securities’ are listed on the Bermuda Stock Exchange and such bonds fund the Centaur Groups mining and natural resources related projects.
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Investments Highlights
- Monthly dividend payments
- Minimum investment from USD $ 20,000 or GBP £ 20,000
- US $ and GBP £ denominated options
- Suitable for ISA, SIPP, SSAS, QROPS, Portfolio Bond
and Investment Platforms - Investment Manager actively manages security of the underlying bonds
- Flexibility to choose the term and dividend to suit your investment objective
- Fixed Return
- Zero Volatility
- Regular income from savings
Structure & Key Parties
Investment advisor – Centaur Asset Management Ltd.
Bermuda Listing agent – Cohort, Bermuda
Bermuda Legal Counsel – Conyers, Dill and Pearman
Principal Bank – Santander
Custodian & Paying Agent – GCS
Auditor – Deloitte
Investment Security
Centaur Asset Management serves as the ‘Investment Manager’ to the Centaur Natural Resources Bond Tracker Fund and is responsible for the investment strategy and how the Fund purchases the underlying ‘bonds’ issued by Centaur Group Finance Ltd.
Centaur Asset Management also serves as the Investment Advisor to the Centaur Natural Resources Bonds which are purchased by the Centaur Natural Resources Bond Tracker Fund and as such is responsible for negotiating and putting in place security on each investment made with the proceeds of the bond in accordance with the requirements in the Offering Memorandum filed with the Bermuda Stock Exchange (BSX) regulated by the Bermuda Monetary Authority (BMA).
Corporate Guarantees
Share Pledges
Asset Backed Security
Personal Guarantees
Shareholder Guarantees
Steps in Rights
Debtor Book Security
Questions & Answers
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How much can I invest into the Centaur Natural Resources Bond Tracker Fund?
The Fund is open-ended and does not have a fixed cap or limit on the amount it can raise.
What charges do I have to pay?
The Fund has no charges.
How do I get my money out of the Fund?
The Fund is open ended with closed ended series, which means that investors cannot redeem or withdraw their Funds until the underlying bonds reach maturity and pay out to the Fund to allow the Fund to then automatically redeem investors and pay their monies back. In simple terms if an investor wishes to gain exposure to the Centaur Natural Resources Bond 3, 5 year USD, they would purchase the share class of the Centaur Natural Resources Bond Tracker Fund which only invests into Centaur Natural Resources Bond 3, 5 year USD bonds thus gaining exposure to the underlying term of 5 years and currency of USD and associated coupon/dividend of 10% per annum.
How is capital growth achieved?
he Fund does not aim to achieve ANY capital growth. The Fund aims to receive a coupon payment on its underlying investments of bonds and such coupon will be used to pay a dividend to the relevant investor/ shareholder in the Fund. Thus the Fund targets a regular dividend as opposed to capital growth.
Who can invest in the Centaur Natural Resources Bond Tracker Fund?
Anyone over the age of 18 may subscribe for shares in the Fund with a value of $20,000 USD or £20,000 GBP or above, subject to completing the relevant subscription form and such subscription being accepted by the Fund, the Administrator and the Investment Manager.
How do I track the performance of my investment?
Investments in the Fund are designed to stay at the original subscription value for the life of the investment, as such the NAV or net asset value should remain at 100 for the life of the relevant share class. The NAV is verified by the Administrator on a monthly basis and sent direct to investors by the Administrator.
What return do I receive on my investment?
The Fund aims to receive a coupon payment on its underlying investments of bonds and such coupon will be used to pay a dividend to the relevant investor/shareholder in the Fund. Thus the Fund targets a regular dividend as opposed to capital growth. Please refer to the below share classes for more information:
What about tax on this investment?
The Fund is established in Bermuda, which does not impute Bermuda tax. However your returns on your investment may be subject to taxation depending on your local tax regulations and your own tax circumstances. Please consult your own financial or tax advisor if required to determine your own tax position.