Investment Solutions
We have three different PIE funds to invest into, each with their own unique investment strategy
5 Oceans Fund
The 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 Official Cash Rate by +3% over the medium term (after fees but before tax), with some risk mitigation tools to smoothen the ride.
Ranger Fund
The Ranger Fund can invest in a broad range of New Zealand and Australian assets, including equities, cash, debt instruments, derivatives and other assets. The Fund’s objective is to prioritise long-term capital growth through investing into carefully selected NZ and Australian assets, with a focus on shares. When suitable, the Fund may use strategies that seek to reduce the impact of large market downturns. The performance objective of the Fund is to outperform the NZ Official Cash Rate by 5% per annum over the long-term, after all fees (and other expenses) but before tax.
Trans-Tasman Fund
The Trans-Tasman Fund invests in New Zealand and Australian listed companies and is benchmarked to the S&P/NZX 50 Index (including imputation credits). The performance objective of the Fund is to outperform the benchmark over rolling five-year periods after all fees (and other expenses) but before tax.
What are Funds?
A fund contains a portfolio of investments. You can invest by buying units of the fund. When you invest in a fund, the investments are all pooled together as one large portfolio. This means everyone in the fund is treated the same - everyone has the same strategy and the same portfolio.
What are PIEs?
A portfolio investment entity (PIE) is a type of fund that has its own tax rules. You pay tax on any investment income based on your prescribed investor rate (PIR), instead of your personal income tax rate. A PIE that invests in New Zealand shares and certain Australian shares won’t be taxed on any capital gains (or losses) from those investments.
Other options
We also offer tailored investment mandates managed specifically for large clients. If this is what you are looking for, please get in touch >
Risk Indicator
Return Target
Recommended Investment Horizon
Minimum Initial Investment
Minimum Additional Investment
Distribution
Buy/Sell Spread
Management Fee
Performance Fee
Castle Point5 Oceans Fund
Risk Indicator
Return Target
Recommended Investment Horizon
Minimum Initial Investment
Minimum Additional Investment
Distribution
Buy/Sell Spread
Management Fee
Performance Fee
Castle PointRanger Fund
Risk Indicator
Return Target
Recommended Investment Horizon
Minimum Initial Investment
Minimum Additional Investment
Distribution
Buy/Sell Spread
Management Fee
Performance Fee
Castle PointTrans-Tasman Fund
Risk Indicator
Return Target
Recommended Investment Horizon
Minimum Initial Investment
Minimum Additional Investment
Distribution
Buy/Sell Spread
Management Fee
Performance Fee
What safeguards are in place?
- An independent custodian holds the assets in the Fund.
- An independent supervisor actively monitors us as the guardian of investors’ best interests.
Castle Point Funds Management Limited is the fund manager - we decide where to invest the funds. However, the funds are held by an independent custodian, Apex Investment Administration (NZ) Ltd. This means that if Castle Point was to cease to exist, the assets in the Funds would be protected.
Additionally, the Funds use government-owned Public Trust as an independent supervisor who ensures that we do what we say we will.
Additional governance and controls
- Castle Point is licensed by the Financial Markets Authority (FMA).
- Investments are priced daily by Apex Investment Administration (NZ) Ltd, an independent party.
- All Funds are independently audited by PwC New Zealand.
- Our Investment Committee and Compliance and Assurance Committee provide an additional layer of oversight on the Funds.
“It's important to only deal with licensed people and businesses because if things go wrong you will have access to free dispute resolution services.” Financial Markets Authority
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Castle Point Funds
Perpetual Guardian Tower
Level 23, 191 Queen Street
Auckland 1010
PO Box 105889
Auckland 1143, New Zealand
E info@castlepointfunds.com
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