5 Oceans Fund
About the 5 Oceans Fund
The Castle Point 5 Oceans Fund is a globally-diversified fund that provides a moderate exposure to growth assets.
The Fund invests in a mix of directly owned assets, other Castle Point funds and selected third-party funds.
The Fund is designed to generate returns, with the objective of outperforming the NZ OCR +3% over the medium term (after fees but before tax), with some risk mitigation tools to smoothen the ride.
The Fund is constructed to have a much lower risk profile than our Ranger and Trans-Tasman Funds, as well as having the option for investors to receive a monthly cash distribution.
The fund invests in a mix of:
- Directly owned assets
- Other funds we manage, such as the Ranger Fund
- Third-party funds
When investing with third-party funds, we carefully select managers by understanding their philosophies, strategies and approaches, and how well they align with the objectives for the fund.Read all about the strategy...
Returns as at 31 January 2024 (after fees before tax)
5 Oceans Fund
Recommended Investment Timeframe
Minimum 3 years
NZ Official Cash Rate + 3%
Minimum Initial Investment
Minimum Additional Investment
0.38c per month per unit
Buy / Sell Spread
0.32% / 0.31% of each investment / redemption. Variable spread applies that will net buys and sells on the same day
Entry / Exit Fees
1.05% per annum which covers our management fee, the management fees of the underlying funds and normal operating expenses of the fund
Some underlying funds may charge performance-based fees
NZ Managed Investment Scheme (MIS). The fund is a Portfolio Investment Entity (“PIE”)
PwC New Zealand
Administrator and Custodian
Apex Investment Administration (NZ) Ltd
21st September 2016
The fund aims to generate smoothed returns by using the following tools:
- Flexible strategies
- Insurance strategies for market downturns
Diversification is spreading risk. The fund diversifies both:
- Across growth and defensive assets; and
- Across countries
Growth assets are investments which have greater long-term upside, but with that upside can come a bumpier road (known as volatility). Shares, for example, can go up a lot, but they can also bounce around on the journey. Defensive assets, on the other hand, generate lower long-term returns and typically give a smoother ride. Examples include term deposits and fixed interest (loans). We mix these growth and defensive assets across different countries to generate more balanced returns.
The fund’s exposure to growth assets falls within a dynamic range of 30-70% and defensive assets make up the rest.
We invest into underlying funds with flexible investment strategies. Flexible investment strategies are where the managers have greater freedom to adjust their investments based on their outlook. So, if one of our managers believes certain assets are overpriced, they can adjust their holdings accordingly.
Insurance strategies for market downturns
These are strategies which payoff when markets are down, to act as insurance against downturns. We don’t own a large amount of these as we would miss out on the upside of a good market.
By combining these strategies, we aim to balance capital protection whilst meeting our return objective of the NZ OCR +3% over the medium term.Access 5 Oceans Fund Documents
Castle Point 5 Oceans Fund received a 3 Star Overall Morningstar Rating™, a 4 Star 3-Year Morningstar Rating™ and a 3 Star 5-Year Morningstar Rating™ out of 64 funds for Overall and 3-Year, and 58 funds for 5-Year in Multisector - Balanced funds as of 31.12.2023
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