Mix help ?

53.68% Growth assets (shares, property, other)
46.32% Income assets (bonds, cash)
51.97% Growth assets average Average 48.03% Income assets average

This is the actual mix of growth assets (shares, property) and income assets (bonds, cash) that this fund held on 31 March 2025. The average mix for balanced managed funds is in grey.

Mix

Fees help ?

1.09%
Average 1.11%

Fees shown here (in purple) are based on what you would pay over a year if you had $30,000 in this fund. Compare with the average fees for balanced managed funds (in grey).

Fees

Returns help ?

5.36%
Average 5.91%

Returns (in green) show how much this fund has grown in value in five years up to 31 March 2025 – after fees and taxes. Compare with the average balanced managed fund (in grey).

Returns

Key facts

Here is what the provider says about this managed fund

The Fund 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.

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.

Provider website

castlepointfunds.com

Minimum investment

$10,000

Fund start date

25 October 2016

When can you get your money out?

For this managed fund (i.e. not a KiwiSaver fund), see the section of the PDS on withdrawing funds and how this works. Also, look for information about how long it takes to actually get paid after requesting a withdrawal, whether regular withdrawals are possible, and how often.

Mix

53.68% Growth assets (shares, property, other)
46.32% Income assets (bonds, cash)
51.97% Growth assets average Average of all balanced managed funds 48.03% Income assets average


This is a snapshot of the proportion of growth assets (shares, property, other) or income assets (cash, bonds) that this fund held on 31 March 2025.

You can also see the average for Balanced funds, which typically hold from 35% to 63% of growth assets.

This fund's asset mix

  • Growth assets
  • Income assets
  • ASSET TYPE
  • THIS FUND
  • AVERAGE OF ALL BALANCED MANAGED FUNDS

48.37%
48.37%
46.73%
46.73%

0.00%
0.00%
3.10%
3.10%

5.31%
5.31%
2.14%
2.14%

39.05%
39.05%
37.69%
37.69%

7.27%
7.27%
10.34%
10.34%

Top 10 investments

These assets make up 86.76% of this fund.

Asset Asset class Type Country % of Fund
TE AHUMAIRANGI GLOBAL EQUITY FUND Shares International equities NZ 24.26%
DAINTREE CORE INCOME TRUST NZD Bonds International fixed interest AU 17.49%
T. ROWE PRICE DYN GLB BOND FD AU Bonds International fixed interest AU 16.88%
SCHRODER GLOBAL VALUE FUND UNHEDGED Shares International equities AU 11.90%
BNZ NZD CURRENT ACCOUNT Cash Cash and equivalents NZ 6.98%
KOHINOOR CORE CLASS B Other Other IE 3.96%
FISHER & PAYKEL HEALTHCARE LTD Shares Australasian equities NZ 1.51%
SQUIRREL LOANS Bonds New Zealand fixed interest NZ 1.40%
NZ UNITS EMISSION TRADING SCHEME Other Other NZ 1.34%
AUCKLAND INTERNATIONAL AIRPORT LTD Shares Australasian equities NZ 1.04%

Full list of investments this fund holds

xlsx, 139 KB

Fees

1.09%
This fund
1.11%
Average balanced managed funds
1.09%
Average 1.11%


Fees shown here (in purple) are based on what you would pay over a year if you had $30,000 in this fund. You can compare these with fees for the average balanced managed fund (in grey).

Fees breakdown

Here's a breakdown of the different charges in this fund (in purple), compared to the average balanced managed fund (in grey).

Fee Type % Over a Year Amount Paid on a 30K Balance

Management

This fee is charged to you by the fund manager on the fund or an underlying fund, and is based on a percentage of your balance.

1.07%
AVG: 0.96%
$321.00
AVG: $286.50

Other

This is a summary of other potential costs not covered in the categories displayed.

0.02%
AVG: 0.13%
$6.00
AVG: $38.18

Performance-based

These fees are based on the performance of the fund or underlying fund. When the fund performs well, these will be higher.

0.00%
AVG: 0.02%
$0.00
AVG: $7.00

Membership

You pay this membership charge (a flat fee) each year, regardless of your balance or the fund's performance.

0.00%
AVG: 0.01%
$0.00
AVG: $2.24

Total combined fees

These are a total of management and administration charges and performance-based fees over a year. They do not necessarily include fees for activities like transferring or withdrawing.

1.09%
AVG: 1.11%
$327.00
AVG: $333.92

Returns

5.36%
This fund
5.91%
Average balanced managed funds
5.36%
Average 5.91%

For the past five years, this fund returned this average each year to investors (in green). This was after fees and taxes (28% PIR) were taken out. To compare, you can see the average return over the same time for all balanced managed funds (in grey).

Yearly returns

These annual returns (in green) were for the 12 months up to 31 March 2025. You can compare them to the average balanced managed fund (in grey).

March

2018 2019 2020 2021 2022 2023 2024 2025

This fund

7.58% 2.66% -0.34% 17.26% 3.71% -2.25% 4.69% 4.32%

Average

4.70% 4.60% -2.08% 18.21% 1.27% -2.39% 9.97% 4.02%

Risks

Specific risks for this fund

Chasing higher returns while investing always increases risks. Several kinds of risks, actually. It is important to evaluate whether the returns are worth it, whether you can cope, and whether this investment will in fact help you achieve your goals. Also, since the way an investment is structured can make it riskier, it's important to understand how it works.

You'll find the specific risks in the Risk section of the PDS, and here's more about understanding risk.

pdf, 1.4 MB

Risk indicator

This is a gauge of how volatile this investment has been – how much it has gone up and down in value. It has been calculated based on the fund's five-year performance (or an appropriate market index if it has not been around that long).

The left side of this range of numbers indicates a Lower risk

The right side of this range of numbers indicates a Higher risk

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7

The left side of this range of numbers indicates Potentially
lower returns

The right side of this range numbers indicates Potentially
higher returns

Key documents

These are the most important documents that a provider is required to file about this investment.

Product disclosure statement

Before you invest in a product like a fund, you are given a PDS which has essential details about it and the company providing it. Here's more on how to read a PDS.

pdf, 1.4 MB

Fund update (most recent)

This update from the provider lets you see much of the same information shown here in Smart Investor: how this fund is performing, what it costs and the investments it currently holds.

pdf, 1.7 MB

Complete asset portfolio

Statement of investment policy and objectives (SIPO)

A SIPO tells you where the fund managers are coming from. It sets out the governance and management framework, philosophy, strategies and objectives for this investment.

pdf, 1.3 MB

Key personnel

These are the directors and employees who have the most influence on investment decisions for this fund.

Name Current position Time in role
TIM CHESTERFIELD Director 10 months
GORDON SIMS Analyst 11 years, 11 months

Additional details

Manager details

Name

CASTLE POINT FUNDS MANAGEMENT LIMITED

Type

NZ Limited Company

NZBN

Supervisor

Name

PUBLIC TRUST

Fund details

Asset liquidity ratio help ?

94.65%

Total value of fund help ?

$85,406,508.22

Debt ratio help ?

0.99%

Continuous issue help ?

No

Default KiwiSaver help ?

No

Lifecycle option help ?

No

Multi-fund option help ?

No

Schedule 1 exemption help ?

No

FMA exemption help ?

No

Number of members

0

Reference numbers

Fund

FND1223: CASTLE POINT 5 OCEANS FUND

Offer

OFR10746: CASTLE POINT FUNDS

Scheme

SCH10745: CASTLE POINT FUNDS

Next steps

Want to know more about this investment or how it compares to others? Have a look at its peers.

This is a

balanced managed fund

Product disclosure statement

Take a deeper dive into the PDS, which has essential details about this offer and the company providing it. Here's more on how to read a PDS.

Fund update (most recent)

These are provided to members of the fund (usually once each quarter) to update them on its performance.

Getting investment advice

Good advice is gold. Everyone can benefit from expert advice, provided the adviser has your interests at heart. Here's how to find one and key questions to ask. 

Interested in investing in this offer? Visit the provider's website. castlepointfunds.com