Centennial Asset Management is an independent Australian asset management firm that manages the Level 18 Fund, focusing primarily on small and mid‑cap Australian equities using a fundamental, research‑driven investment approach.
Centennial Asset Management Pty Ltd is an independent Australian fund manager based in Sydney, authorised under AFSL 515 887 and managing the Level 18 Fund (APIR: CAP1398AU). The Level 18 Fund is a wholesale, long/short Australian equities fund with a focus on small and mid‑cap companies, typically holding 40–45 stocks and maintaining a flexible, benchmark‑unaware mandate designed to protect capital and reduce large drawdowns. Approximately 20% of the invested capital is owned by the fund’s principals, aligning their interests with investors. The fund is available to eligible wholesale investors directly and via key Australian investment platforms such as HUB24, Netwealth, Macquarie and Powerwrap/Praemium. ([centennialfunds.com.au](https://www.centennialfunds.com.au/the-level-18-fund?utm_source=openai))
A charge from Centennial Asset Management or a related description (such as “CENTENNIAL LEVEL 18 FUND”, “CENTENNIAL FUNDS”, or a platform fee referencing CAP1398AU) usually relates to an investment in the Level 18 Fund rather than a retail subscription or consumer service. Common reasons this appears on a bank or card statement include an initial investment (often from an application form or via an adviser), an additional application into the fund, periodic management and performance fees deducted from your investment, or platform‑processed investments if you hold the fund through HUB24, Netwealth, Macquarie or Praemium. Depending on your bank and platform, these may show as one‑off debits when money is first invested, or as recurring debits/fee entries tied to your investment account rather than a typical monthly subscription. ([centennialfunds.com.au](https://www.centennialfunds.com.au/how-to-invest?utm_source=openai))
If you’re unsure about a Centennial Asset Management charge, first check whether you (or an entity you control, such as an SMSF, trust or company) have recently completed an application form, additional investment, or switched into the Level 18 Fund on an investment platform. Confirm the amount and date against your platform statements, contract notes, or your adviser’s records, and look for the APIR code CAP1398AU on holdings or transaction reports. If the charge still doesn’t make sense, contact your financial adviser or platform provider, and then Centennial Asset Management directly via the contact form or by phone at +61 2 8201 3031; have your full name, account or platform details, and transaction date/amount ready so they can help identify the transaction quickly. ([centennialfunds.com.au](https://www.centennialfunds.com.au/contact?utm_source=openai))
Bank Statement Variations
1 known variations
These are the raw merchant codes that appear on bank and credit card statements that we've identified as belonging to Centennial Asset Management.
Why am I seeing a charge from Centennial Asset Management or “Centennial Level 18 Fund” on my account?
This charge typically relates to an investment in the Level 18 Fund, a wholesale Australian equity fund managed by Centennial Asset Management. It may represent your initial application amount, an additional investment, or fees associated with holding the fund either directly or via an investment platform such as HUB24, Netwealth, Macquarie or Praemium. Check recent investment paperwork or platform transactions to confirm whether you or your adviser initiated an investment into APIR code CAP1398AU. ([centennialfunds.com.au](https://www.centennialfunds.com.au/the-level-18-fund?utm_source=openai))
Is Centennial Asset Management a subscription service that bills monthly?
No. Centennial Asset Management is a fund manager, not a consumer subscription service. Charges are normally linked to investment transactions (such as initial or additional applications) and fund‑related fees, not a fixed monthly subscription like a streaming service. If you see repeated charges, they are most likely periodic fee deductions or multiple investment transactions processed by your platform or adviser rather than an auto‑renewing retail subscription. ([centennialfunds.com.au](https://www.centennialfunds.com.au/the-level-18-fund?utm_source=openai))
What fees does the Level 18 Fund typically charge and how might they appear on my statement?
Public data indicates the Level 18 Fund generally charges an ongoing management fee of around 1.25% p.a. of net asset value, and may also charge a performance fee (for example 20% of returns above a specified hurdle and high‑water mark), both of which are usually deducted from fund assets rather than directly debited from your bank card. However, when investing through platforms or advisers, you may see related cash movements such as initial investment debits, adviser/platform fees or distributions and redemptions flowing through your linked bank account. Always refer to the official Information Memorandum or platform disclosure documents for the exact current fee structure applicable to your investment. ([investmentmarkets.com.au](https://www.investmentmarkets.com.au/listings/the-level-18-fund-centennial-asset-management-pty-limited-647ecbb7c508d10014b280fd?utm_source=openai))
Can I cancel or stop Centennial Asset Management from charging my account?
You cannot “cancel” the fund like a typical subscription, but you can redeem (sell) your investment or stop making new contributions. If you hold the Level 18 Fund directly, you would normally submit a redemption form to the fund registry as outlined in the Information Memorandum and application documents; if you hold it via a platform (e.g. HUB24 or Netwealth), you instruct your adviser or place a sell order through the platform. Note that management and performance fees already accrued within the fund are typically taken out of the fund’s assets and are not cancelled by a future redemption. ([centennialfunds.com.au](https://www.centennialfunds.com.au/how-to-invest?utm_source=openai))
How do I request a refund or reverse a Centennial Asset Management charge if it was made in error?
Because Centennial Asset Management deals with investment units rather than simple retail purchases, incorrect transactions are usually handled as administrative corrections (such as reversing an application or adjusting units) rather than “refunds” in the retail sense. If you believe money was taken in error, immediately contact your adviser or platform provider to verify whether an application or switch was submitted, then contact Centennial via their website contact form or by calling +61 2 8201 3031 with full transaction details. If the transaction was unauthorised on your bank account, you should also contact your bank’s fraud or disputes team, who may initiate a chargeback or investigation while you work with the fund manager and any involved platform. ([centennialfunds.com.au](https://www.centennialfunds.com.au/contact?utm_source=openai))
What are common transaction sizes or patterns for the Level 18 Fund?
The Level 18 Fund is a wholesale managed fund with a published minimum initial investment of approximately AUD $100,000, though this may differ when accessed via platforms or adviser models. Follow‑on contributions can also involve sizeable lump‑sum amounts (e.g., tens of thousands of dollars) from SMSFs, trusts, or high‑net‑worth individuals, so it is common to see larger, infrequent debits rather than small recurring payments. If you see a smaller, recurring amount, it may be a platform or adviser fee associated with the account rather than a direct Centennial Fund debit. ([investmentmarkets.com.au](https://www.investmentmarkets.com.au/listings/the-level-18-fund-centennial-asset-management-pty-limited-647ecbb7c508d10014b280fd?utm_source=openai))
Why do I see a Centennial or Level 18 Fund reference on my platform or custodian statement but not on my bank card?
Many investors access the Level 18 Fund through wrap platforms (HUB24, Netwealth, Macquarie, Praemium), which hold assets in custody and debit or credit a linked cash account. In that case, your bank card or everyday transaction account may only show transfers to and from the platform, while the detailed description “Centennial Level 18 Fund” appears on your platform or custodian statement as a buy, sell, fee, or distribution entry. To understand a mysterious platform‑linked bank debit, you’ll need to log in to your investment platform or ask your adviser for a transaction breakdown. ([centennialfunds.com.au](https://www.centennialfunds.com.au/the-level-18-fund?utm_source=openai))
How can I contact Centennial Asset Management to verify a charge or confirm my account details?
You can reach Centennial Asset Management by using the contact form on their website or by calling their Sydney office on +61 2 8201 3031 during Australian business hours. Their registered office is Level 19, 25 Bligh Street, Sydney NSW 2000, Australia. When you contact them, have your full name, any investor or account number, the platform you invested through (if applicable), and the exact date and amount of the charge so they can locate your records quickly. ([centennialfunds.com.au](https://www.centennialfunds.com.au/contact?utm_source=openai))
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