The Castle Point Ranger Fund can invest in a broad range of New Zealand and Australian assets, including cash, debt instruments, equities, derivatives and other assets.
How to Invest
To invest in this fund, click here to download the latest Product Disclosure Statement. Complete the application form inside and send it to us. 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.
The objective is to provide equity-like returns over the long term while minimising exposure to extreme share market fluctuations.
The performance objective 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.
We believe that superior returns are generated by investing with a long-term perspective and focusing on capital preservation.
The investment strategy of the Ranger Fund is to exploit market inefficiencies resulting from a bias to short term performance by financial market investors, through investing in a range of Australasian assets.
These inefficiencies exist because, in our opinion, financial market investors tend to:
• focus on recent past performance
• underestimate the effect of capital flows and the resilience of poor returning companies (we call this the 'Value opportunity')
• underestimate the length of time growth companies can earn excess returns (we call this the 'Quality opportunity').
We focus our research time and stock selection on Value and Quality opportunities. We use a disciplined process to identify, research and monitor these opportunities.
There are times in the economic cycle when equity prices can become excessive and the upside from equity investments is limited. Depending on the prevailing investment environment the Ranger Fund might be significantly invested in equities, or might be significantly invested in cash and debt instruments, or it might use derivatives.
Castle Point has broad discretion on the type and proportion of Australasian assets the Ranger Fund invests into. Given the broad investment mandate of the Ranger Fund there is no target asset allocation or investment mix. There are some restrictions and investment limits on certain assets. Refer to the Fund’s current statement of investment policy and objectives (see Documents).
|Fund Type||NZ managed investment scheme. The fund is a Portfolio Investment Entity (“PIE”)|
|Establishment Date||24th January 2014|
|Objective||NZ Official Cash Rate + 5%|
|Management Fee||1.05% per annum which covers our management fee and normal operating expenses of the Ranger Fund|
|Performance Fee||The performance fee is 15% of any return above NZ Offical Cash Rate + 5% per annum (after all fees but before tax) with a perpetual high water mark|
|New Zealand Equities||0-100%|
|NZ or Australian Bonds||0-100%|
|Unlisted Debt Instruments||0-10%|
Independent research report
The Ranger Fund is rated AA by FundSource. To view the research report please click here.
Please contact us if you would like more information.
FundSource Awards - Winner
Castle Point Ranger Fund. Alternatives Sector - Winner
For further information on the Ranger Fund and to invest please download the latest Product Disclosure Statement lodged with the Registrar here.
For Ranger Fund unit prices click here.
Units in the Ranger Fund are issued by Castle Point Funds Management Limited.
Castle Point Ranger Fund received a 4 Star Overall Morningstar Rating™, a 5 Star 3-Year Morningstar Rating™ and a 4 Star 5-Year Morningstar Rating™ out of 26 Equity Region Australasia funds as of 31.05.19.
© 2018 Morningstar, Inc. All rights reserved. Neither Morningstar, its affiliates, nor the content providers guarantee the data or content contained herein to be accurate, complete or timely nor will they have any liability for its use or distribution. Any general advice or ‘class service’ have been prepared by Morningstar Australasia Pty Ltd (ABN: 95 090 665 544, AFSL: 240892) and/or Morningstar Research Ltd, subsidiaries of Morningstar, Inc, without reference to your objectives, financial situation or needs. Refer to our Financial Services Guide (FSG) for more information at www.morningstar.com.au/s/fsg.pdf. You should consider the advice in light of these matters and if applicable, the relevant Product Disclosure Statement before making any decision to invest. Our publications, ratings and products should be viewed as an additional investment resource, not as your sole source of information. Past performance does not necessarily indicate a financial product’s future performance. To obtain advice tailored to your situation, contact a professional financial adviser.
The Morningstar Rating is an assessment of a fund’s past performance – based on both return and risk – which shows how similar investments compare with their competitors. A high rating alone is insufficient basis for an investment decision.