Ranger Fund

The Castle Point Ranger Fund is expected to have higher risk than our 5 Oceans Fund. It can invest in a broad range of New Zealand and Australian assets, including equities, cash, debt instruments, derivatives and other assets.

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.


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

Investment Strategy

The fund has a wide investment mandate and can invest into most New Zealand and Australian assets (including listed and unlisted equities, options, fixed interest and cash). As a result of the investment process there might be prolonged periods when the fund holds material levels of defensive assets (for example cash, Term Deposits and fixed interest).

The fund has broad discretion on the type and proportion of Australasian assets it invests into (see asset allocation table below). 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/or fixed interest, or it might use derivatives. This allows the Ranger Fund to have capacity to invest when valuations become more attractive. Due to this flexibility the Ranger Fund does not have a set target asset allocation. There are some restrictions and investment limits on certain assets (see section 5: Permitted Investments for details).

The fund does not currently pay any distributions.


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 24th January 2014
Objective NZ Official Cash Rate + 5%
Minimum Investment $10,000
Entry/Exit Fees Nil
Buy/Sell Spread 0.15% / 0.15% of each investment / redemption. Variable spread applies that will net buys and sells on the same day. Applies from 20 February 2023
Recommended Investment Timeframe Long-term (minimum 5 years)
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%
Other (applies from 20 February 2023)   0-100%


FundSource Awards - Winner

Zenith FundSource Awards 2019 - WINNER

- Castle Point is the Boutique Manager of the Year and winner of the Australasian Equities category at the 2019 Zenith FundSource awards.  


- Castle Point Ranger Fund is the Alternatives Sector - Winner FundSource awards 2018

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 1 Star Overall Morningstar Rating™, a 1 Star 3-Year Morningstar Rating™ and a 1 Star 5-Year Morningstar Rating™ out of 26 funds for Overall and 3-Year, and 24 funds for 5-Year in Equity Region Australasia funds as of 31.8.2023

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