Funds

Castle Point 5 Oceans Fund

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Issues of concern

The graph below shows the percentage of the fund invested in each of the worst issues of concern to New Zealanders. Below the graph are listed all the companies this fund invests in, by issue of concern.

Key:

  • Adult Entertainment/Pornography
  • Alcohol
  • Animal Cruelty
  • Fossil Fuels
  • Gambling
  • GMOs
  • Human Rights & Environmental Violations
  • Palm Oil
  • Tobacco
  • Weapons

Companies of concern

  • Fossil Fuel

    • Dte Energy Co USD 0.28%
    • Duke Energy Corp Com USD 0.001 Post Rev Splt 0.27%
    • Eni 0.26%
    • Shell PLC Ord Eur0.07 0.20%
    • Hf Sinclair Corpor Com Usd0.01 0.19%
    • Repsol SA 0.19%
    • Southern Co Com USD 0.17%
    • Centrica PLC 0.16%
    • Hk Electric Investments Ltd 0.15%
    • South32 Ltd 0.15%
    • Anglo American PLC 0.11%
    • Equinor Asa 0.11%
    • Ppl Corporation 0.11%
    • American Electric Power Company Inc 0.08%
    • Contact Energy Ltd 0.08%
    • Xcel Energy Inc 0.07%
    • Nextera Energy Capital Holdings 0.02%
    • Power Assets Holdings Limited 0.02%
    • Vistra 0.02%
    • Genesis Energy Ltd 0.01%
    • Pg&E 0.01%

  • Weapons

    • Rolls-Royce Holdings PLC 0.17%

  • Tobacco

    • Casey'S General Stores Inc 0.10%
    • Lt 2021-1 D 0.02%

  • Gambling

    • Genting Singapore Ltd 0.19%
    • Sky City Entertainment Group 0.01%

  • Alcohol

    • Australian Vintage Limited 0.46%
    • Molson Coors Beverage Company Clas 0.31%
    • Lt 2021-1 D 0.02%

  • Palm Oil

    • Uie PLC Usd1 0.02%

  • Human Rights & Environmental Violations

    • Duke Energy Corp Com USD 0.001 Post Rev Splt 0.27%
    • Johnson & Johnson Com US$1 0.26%
    • Nestle SA 0.25%
    • Bayer AG 0.20%
    • Shell PLC Ord Eur0.07 0.20%
    • First International Bank Of Israel Ltd 0.14%
    • Credit Suisse 0.03%
    • Fmc Corp 0.03%
    • Pg&E 0.02%

  • Animal Cruelty

    • Molson Coors Beverage Company Clas 0.31%
    • Colgate Palmolive Usd1 0.28%
    • General Mills Inc 0.28%
    • Mondelez International Inc 0.28%
    • Pepsico Inc Cap US$0.01 2/3 0.28%
    • Procter & Gamble Company 0.28%
    • Kellogg Company 0.27%
    • Kimberly Clark Corp Com Usd1.25 0.27%
    • Church & Dwight Co 0.26%
    • Eni 0.26%
    • Nestle SA 0.25%
    • Bayer AG 0.20%
    • Shell PLC Ord Eur0.07 0.20%
    • Campbell Soup Co USD 0.19%
    • Coca Cola Co USD 0.19%
    • Sherwin Williams Com Usd1 0.14%
    • Tesco PLC 0.14%
    • Tyson Foods Inc Class A 0.13%
    • Ezaki Glico Co Ltd 0.06%
    • Hokuto Corp 0.06%
    • Hormel Foods Corporation 0.06%
    • Orkla Asa 0.06%
    • Braskem Netherlands Finance Bv 0.05%
    • Rpm International Inc 0.05%
    • Ingredion Inc Com USD 0.01 0.04%
    • Fmc Corp 0.03%
    • Usana Helath Sciences Inc 0.03%

This data is compiled by Mindful Money from the fund information and portfolios that each fund has filed with the Disclose register to 30th Sept. 2022 and Mindful Money analysis of funds within those portfolios. The list of companies of concern has been drawn from ratings agencies and public sources, including the Norwegian Sovereign Fund, NZ Super Fund, Sustainalytics and research organisations.

Please note that companies may breach more than one of these areas of concern.

The listing of companies of concern is based on definitions used in Mindful Money's methodology. These definitions may be different from the exclusions policy and definitions applied by the fund provider.

Mindful Money uses the term Mindful Funds as our standard for ethical investment and responsible investment. This does not imply that other funds are unethical or that the fund providers that do not meet these standards are unethical providers.

About this fund

In their own words

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.

Value $140M NZD
Period of data report 31st Dec. 2022
Fund started 25th Oct. 2016
Total annual fund fees 1.33%
Total performance based fees 0.21%
Manager's basic fee 1.07%
Other management and administration charges 0.05%
Total other charges 0.0
Total other charges currency NZD

Key Personnel

Richard Stubbs

Currently: Partner (9 years, 8 months)
Previously: Head of Equities, Tower Asset Management (2 years, 5 months)

Stephen Bennie

Currently: Partner (9 years, 8 months)
Previously: Equities Manager, Tower Asset Management (2 years, 5 months)

Jamie Young

Currently: Partner (9 years, 8 months)
Previously: Equities Analyst, Tower Asset Management (2 years, 5 months)

Gordon Sims

Currently: Partner (9 years, 8 months)
Previously: Equities Analyst, Tower Asset Management (2 years, 5 months)

Amanda Smith

Currently: Chair of board and investment committee (6 years, 11 months)
Previously: Head of Equities, ANZ (NZ) Investments (14 years, 8 months)

This information has been sourced from the quarterly data that each fund has filed with Disclose register to 31st Dec. 2022.

Investment Exclusions

Does this fund exclude companies that cause deep concern to New Zealanders? The first column shows if the fund has a credible policy to exclude the issue. The second column shows if there are any current investments (source: Mindful Money research).

Note that the fund’s exclusions policy may not be consistent with its portfolio holdings because the fund might be still implementing its policy change or the fund’s exclusion policy and thresholds may be different from the definitions applied by Mindful Money.

Issue of concern Does this fund say it excludes this? Actual holdings
Adult Entertainment /Pornography 0.00%
Alcohol 0.80%
Animal Cruelty 4.64%
Fossil Fuels 2.68%
Gambling 0.21%
GMOs 0.00%
Human Rights & Environmental Violations 1.39%
Palm Oil 0.02%
Tobacco 0.13%
Weapons 0.17%

This data is compiled by Mindful Money from the fund information and portfolios that each fund has filed with the Disclose register to 30th Sept. 2022 and Mindful Money analysis of funds within those portfolios. The list of companies of concern has been drawn from ratings agencies and public sources, including the Norwegian Sovereign Fund, NZ Super Fund, Sustainalytics and research organisations.

Note that many funds exclude controversial weapons. However, the category of Weapons used in this analysis is broader in scope, covering all munitions, firearms and military weapons. Similarly Mindful Money uses a broader scope for fossil fuels than the government’s rules for default KiwiSaver funds. The full definitions used in the Mindful Money analysis are here.

Past Returns

Past annual returns for this fund are after fees and taxes. Please note that higher past returns do not always mean higher future returns.

Year Market Average Fund Annual Return
2022 0.34% 3.71%
2021 17.46% 17.26%
2020 -1.59% -0.34%
2019 4.47% 2.66%
2018 4.41% 7.58%

The market average is the average return for funds of the same risk category, sourced from the Commission for Financial Capability's Sorted website. The fund information has been sourced from the quarterly data that each fund has filed with Disclose register to 31st Dec. 2022.

Top 10 Investments

  • Acadian Managed Volatility (Via The Mercer Low Volatility Shares Portfolio)
    New Zealand International Equities
    19.17%
  • T. Rowe Price Dyn Glb Bond Fd Au
    Australia Int Fixed Interest
    15.04%
  • Daintree Core Income Trust NZD
    Australia Int Fixed Interest
    14.48%
  • Schroder Glb Recovery Fund P Class
    Australia International Equities
    9.86%
  • BNZ NZD Current Account
    New Zealand Cash and Equivalents AA-
    6.57%
  • Kohinoor Core Class B
    Ireland Other
    3.79%
  • NZ Units Emission Trading Scheme
    New Zealand Commodities
    2.48%
  • Squirrel Loans
    New Zealand NZ Fixed Interest
    2.36%
  • Ird Deposit Nzttc 4.63% 22/07/2022 23/01/2023
    New Zealand Cash and Equivalents AAA
    2.15%
  • Ird Deposit Nzttc 4.790% 29/08/2022 28/02/2023
    New Zealand Cash and Equivalents AAA
    1.43%
Type Target Actual
Cash and Cash Equivalents 10.0% 13.54%
New Zealand Fixed Interest 5.0% 4.79%
International Fixed Interest 30.0% 30.05%
Australasian Equities 19.5% 14.95%
International Equities 29.0% 30.55%
Listed Properties 0.0% 0.0%
Unlisted Properties 0.0% 0.0%
Other 6.5% 6.11%
Commodities 0.0% 0.0%

Investment Mix

How the money in this fund is invested against the fund's targets.

Target

Actual

This information has been sourced from the quarterly data that each fund has filed with Disclose register to 31st Dec. 2022.