5 Oceans Fund
The Castle Point 5 Oceans Fund is our lowest risk fund. It 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.
How to invest
To invest in this fund, please complete the online application form and download the latest Product Disclosure Statement here.
If you need any assistance e-mail us or call us on +64 (0) 9 300 6060. We look forward to helping you with your investments.
Objective
The Fund is designed to generate returns, with the objective of outperforming the NZ Official Cash Rate +3% over the medium term (after fees but before tax), with some risk mitigation tools to smoothen the ride.
Distributions
The 5 Oceans Fund pays a monthly distribution. Investors can elect to reinvest distributions in the fund or have them paid out to their nominated bank account. Refer to the details in the table below for information on the fund's distribution.
Investment Strategy
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.
The fund uses the following risk mitigation tools to smoothen the ride:
- Diversification (across growth and defensive assets, and across countries)
- Flexible strategies (greater freedom to avoid overpriced assets)
- Insurance strategies (that pay off in market downturns)
The fund does not have a strict target asset allocation rather employs broad ranges for the different asset classes (see Asset Allocation table below).
The fund pays a monthly distribution that can be taken as cash or re-invested into additional units.
Details
| Fund Type | NZ managed investment scheme. The fund is a Portfolio Investment Entity (“PIE”) |
| Supervisor | Public Trust |
| Auditor | PricewaterhouseCoopers |
| Administration | Apex Investment Administration (NZ) Limited |
| Establishment Date | 21st September 2016 |
| Objective | NZ Official Cash Rate + 3% |
| Minimum Investment | $10,000 |
| Distribution | 0.34c per month per unit |
| Entry/Exit Fees | Nil |
| Buy/Sell Spread | 0.30% / 0.30% of each investment / redemption. Variable spread applies that will net buys and sells on the same day. |
| Recommended Investment Timeframe | Minimum 3 years |
| Management Fee | 1.05% per annum which covers our management fee, the management fees of the underlying funds and normal operating expenses of the 5 Oceans Fund |
| Performance Fee | Some underlying funds may charge performance-based fees |
Investment Ranges
| Range | |
| Cash and cash equivalents | 0-70% |
| New Zealand Fixed Interest | 0-70% |
| International Fixed Interest | 0-70% |
| Australasian Equities | 0-50% |
| International Equities | 0-70% |
| Listed Property | 0-50% |
| Unlisted Property | 0-50% |
| Other | 0-100% |
Growth/Income Ranges
The 5 Oceans Fund does not have strict income / growth targets rather invests with the following ranges.
| Range | |
| Total Income Assets | 30-70% |
| Total Growth Assets | 30-70% |
Independent research report
The 5 Oceans Fund is rated AA by FundSource.
Please contact us if you would like more information.
Further Information
For further information on the 5 Oceans Fund and to invest please download the latest Product Disclosure Statement lodged with the Registrar here.
For 5 Oceans Fund unit prices click here.
Units in the 5 Oceans Fund are issued by Castle Point Funds Management Limited.
MORNINGSTAR DISCOLSURE
Castle Point 5 Oceans Fund received a 4 Star Overall Morningstar Rating™ a 4 Star 3-Year Morningstar Rating™ and a 4 Star 5-Year Morningstar Rating™out of 64 for Overall and 3-Year, and 58 funds for 5-Year in Multisector - Balanced funds as of 30.4.2023
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