Castle Point 5 Oceans Fund

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Fund type: Balanced fund

Past Returns: 6.88%

Average annual returns over the past 3 years, after fees and taxes. * indicates less than 3 years of data.

Annual Fees: 1.6%

Annual fees, including management and administration fees, but not membership fee.

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.


Fossil Fuel

Canadian Utilities Ltd A 0.01%
Chevron Corp 0.03%
Eni Spa 0.17%
Equinor Asa 0.19%
Sunoco Lp 0.01%

Tobacco

Casey'S General Stores Inc 0.20%

Gambling

Alcohol

Australian Vintage Limited 0.40%

Human Rights & Environmental Violations

Bank Hapoalim Ltd 0.03%
Bank Leumi Le-Israel 0.10%
Chevron Corp 0.03%
Duke Energy Corp Com USD 0.001 Post Rev Splt 0.06%
Israel Discount Bank 0.05%
Johnson & Johnson Com US$1 0.22%
Motorola Solutions Inc 0.22%
Nestle SA 0.18%

Animal Testing

Chevron Corp 0.03%
Church & Dwight Co 0.21%
Coca Cola Co USD 0.04%
Earth Corporation Npv 0.04%
Ecolab Ltd 0.15%
Ezaki Glico Co Ltd 0.08%
General Mills Inc 0.02%
Glaxosmithkline PLC 0.20%
Hokuto Corp 0.04%
Johnson & Johnson Com US$1 0.22%
Kellogg Company 0.17%
Kimberly Clark Corp Com Usd1.25 0.04%
Linde PLC 0.20%
Mondelez International Inc 0.20%
Nestle SA 0.18%
PPG Industries Inc 0.04%
Pepsico Inc Cap US$0.01 2/3 0.20%
Procter & Gamble Company 0.23%
Rpm International Inc 0.04%
Sherwin Williams Com Usd1 0.15%
Stepan Co 0.02%
Usana Helath Sciences Inc 0.02%
Yara International Asa 0.05%

This data is compiled by Mindful Money from the fund information and portfolios that each fund has filed with the Disclose register to Thu March 31st 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.

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.

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 Thu March 31st 2022.

Showing the top 10 investments for this fund:

  • Acadian Managed Volatility (Via The Mercer Low Volatility Shares Portfolio)
    New Zealand International Equities
    18.72%
  • T. Rowe Price Dyn Glb Bond Fd Au
    Australia Int Fixed Interest
    15.58%
  • Daintree Core Income Trust NZD
    Australia Int Fixed Interest
    14.73%
  • Schroder Glb Recovery Fund P Class
    Australia International Equities
    9.68%
  • Squirrel Loans
    New Zealand NZ Fixed Interest
    4.72%
  • Kohinoor Core Class B
    Ireland Other
    4.25%
  • Boc NZD Current Account
    New Zealand Cash and Equivalents A
    2.8%
  • NZ Units Emission Trading Scheme
    New Zealand Commodities
    2.44%
  • BNZ NZD Current Account
    New Zealand Cash and Equivalents AA-
    2.29%
  • Ird Deposit Nzttc 2.710% 23/03/2022 22/07/2022
    New Zealand Cash and Equivalents AAA
    2.12%

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

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

Target

Actual


Type Target Actual
Cash and Cash Equivalents 10.0% 12.19%
New Zealand Fixed Interest 5.0% 5.17%
International Fixed Interest 30.0% 30.18%
Australasian Equities 19.5% 16.36%
International Equities 29.0% 29.42%
Listed Properties 0.0% 0.0%
Unlisted Properties 0.0% 0.0%
Other 6.5% 6.68%
Commodities 0.0% 0.0%

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

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).

The Fund may have investments that are not consistent with their exclusions policy because they are still in the process of implementing their policy.

  • Issue of concern
    Does this fund say it excludes this?
    Actual holdings
  • Adult Entertainment/Pornography:
    0.00%
  • Alcohol:
    0.41%
  • Animal Testing:
    2.58%
  • Fossil Fuels:
    0.44%
  • Gambling:
    0.01%
  • GMOs:
    0.00%
  • Human Rights & Environmental Violations:
    0.90%
  • Palm Oil:
    0.00%
  • Tobacco:
    0.20%
  • Weapons:
    0.00%

This data is compiled by Mindful Money from the fund information and portfolios that each fund has filed with the Disclose register to Thu March 31st 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 the fund’s exclusions policy may not be consistent with its portfolio holdings because the fund might be still implementing its policy change or their policy may be less stringent than the definitions applied by Mindful Money.

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.

In their own words

"The objective of the fund is to provide a positive return above cash with a focus on protecting investors' capital."

Value $140M NZD
Period of data report Thu March 31st 2022
Fund started Tue Oct. 25th 2016
Total annual fund fees 1.6%
Total performance based fees 0.47%
Manager's basic fee 1.07%
Other management and administration charges 0.06%
Total other charges 0.0
Total other charges currency NZD

Key Personnel

Richard Stubbs

Currently: Partner (8 years, 11 months)
Previously: Head of Equities, Tower Asset Management (2 years, 5 months)

Stephen Bennie

Currently: Partner (8 years, 11 months)
Previously: Equities Manager, Tower Asset Management (2 years, 5 months)

Jamie Young

Currently: Partner (8 years, 11 months)
Previously: Equities Analyst, Tower Asset Management (2 years, 5 months)

Gordon Sims

Currently: Partner (8 years, 11 months)
Previously: Equities Analyst, Tower Asset Management (2 years, 5 months)

Amanda Smith

Currently: Chair of board and investment committee (6 years, 2 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 Thu March 31st 2022.

Downloads

Download the fund's disclosure statement and portfolio holdings.

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Before investing, consider your investment aims, your values and your risk preferences. You should read the Product Disclosure Statement for the investment fund carefully. It contains the fund’s investment objectives, risks, fees and other information which you should know before investing. This website has a list of the advisers that are registered with the Responsible Investment Association of Australasia. You should contact an investment adviser before investing if you have questions or if you are unclear about the implications of your investment decision.