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.
Objective
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.
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 | 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
| Range | |
| 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% |
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 2 Star Overall Morningstar Rating™, a 2 Star 3-Year Morningstar Rating™ and a 2 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 30.4.2023
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