Ranger Fund

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, please download the latest Product Disclosure Statement and applicable application from that can be found here.  Complete the application form 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.

Investment Strategy

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”)
Supervisor Public Trust
Auditor PricewaterhouseCoopers
Administration MMC
Establishment Date 24th January 2014
Objective NZ Official Cash Rate + 5%
Minimum Investment $10,000
Entry/Exit Fees Nil
Buy/Sell Spread Nil
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

Investment Ranges

New Zealand Equities 0-100%
Australian Equities 0-100%
Cash 0-100%
NZ or Australian Bonds 0-100%
Unlisted Equities 0-10%
Unlisted Debt Instruments 0-10%


Independent research report

The Ranger Fund is rated AA by FundSource. 

Please contact us if you would like more information.


FundSource Awards - Winner

Castle Point Ranger Fund.  Alternatives Sector - Winner 


Further Information

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. 


Morningstar Disclosure


Castle Point Ranger Fund received a 3 Star Overall Morningstar Rating™, a 2 Star 3-Year Morningstar Rating™ and a 3 Star 5-Year Morningstar Rating™ out of 28 funds for Overall and 3-Year, and 25 funds for 5-Year in Equity Region Australasia funds as of 31.10.2022

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