Ranger Fund
About the Ranger Fund
The Castle Point Ranger Fund's objective is to prioritise long-term capital growth through investing into carefully selected NZ and Australian assets, with a focus on shares.
The Fund can invest in a broad range of New Zealand and Australian assets, including equities, cash, debt instruments, derivatives and other assets.
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.
How the fund is built:
- We search for opportunities in Australasian companies that meet our criteria
- If we can’t find any compelling opportunities, we hold onto defensive assets such as cash and/or fixed interest (loans) until we find one
- We also look to reduce exposure to large market drops by using financial instruments (if available and reasonably priced) that we can set up to act as insurance against market crashes
Performance Overview
Returns as at 30 June 2026 (after fees before tax)
1 month
3 months
6 months
1 year
3 years (p.a)
5 years (p.a)
Since inception (p.a)
1 month
3 months
6 months
1 year
3 years (p.a)
5 years (p.a)
Since inception (p.a)
1 month
3 months
6 months
1 year
3 years (p.a)
5 years (p.a)
Since inception (p.a)
Recommended Investment Timeframe
Minimum 5 years
Objective
NZ Official Cash Rate + 5%
Minimum Initial Investment
$10,000
Minimum Additional Investment
$1,000
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
Entry / Exit Fees
Nil
Fee
Management Fee - 0.61% p.a. (GST Exempt), Administration Fee - 0.44% p.a. (GST inclusive)
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
Fund Type
NZ Managed Investment Scheme (MIS). The fund is a Portfolio Investment Entity (“PIE”)
Supervisor
The New Zealand Guardian Trust Company Limited
Auditor
PwC New Zealand
Administrator and Custodian
Apex Investment Administration (NZ) Ltd
Establishment Date
24th January 2014
Our Recognitions
Investments
Resources
Company
Castle Point Funds
Devon Funds
Level 17, 188 Quay Street
Auckland 1010
PO Box 105609
Auckland 1143, New Zealand
NZ Freephone: 0800 944 049
Devon Funds Management Limited is the issuer and manager of the Castle Point Funds Scheme.
2026 Castle Point Funds, Inc. All rights reserved.
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