Aggressive KiwiSaver fund

Superlife Castle Point 5 Oceans Fund

Superlife KiwiSaver Scheme On Cam's implementation panel Currently rebranding to Smart KiwiSaver

Superlife Castle Point 5 Oceans Fund is an aggressive fund in the Superlife KiwiSaver Scheme. Its provider discloses a risk indicator of 3 out of 7 and an annual fund charge of 1.26%. This page sets out what the provider has disclosed on the Disclose Register, with the Morningstar return where there is one. It is general information, not a recommendation to join or switch.

Morningstar return: NoneMorningstar does not report a return for this fund
Risk indicator: 3 of 7Disclosed by the provider
Annual fund charge: 1.26%Total, as a share of the amount invested
Fund size: $934,37867 investors

This fund is not in the Morningstar report, so there is no Morningstar return to show. The provider's own disclosed returns are further down this page.

What the provider says

The Castle Point 5 Oceans Fund invests in the Castle Point 5 Oceans Fund managed by Castle Point Funds Management Limited with the objective of outperforming (after fees and other expenses, but before tax) the Reserve Bank of New Zealand Official Cash Rate by 3% per annum over the medium to long-term.

The fund's own description, as disclosed on the Disclose Register. Fund start date: 15 July 2020.

What the fund invests in

Asset mix
Asset class	Target	Actual
Other	100.00%	99.58%
Cash and cash equivalents	0.00%	0.42%

Actual allocation as at 30 June 2026. Asset classes held at 0% are left out.

How it is managed

Management style: Active. The manager chooses investments, or shifts the mix, to try to do better than the market. This describes how the fund is run, not whether one style is better.

A fund which invests in an active fund managed by another fund manager.

From the SuperLife KiwiSaver Scheme PDS, 19 March 2026, on the Disclose Register (opens in a new tab), read on 31 October 2026.

Passive vs active KiwiSaver funds: what the difference means for you →

Largest investments

The ten largest investments
Investment	Type	Country	Share of fund
Castle Point 5 Oceans Fund	Other	NZ	99.58%
NZD Cash Account (ANZ Bank)	Cash and cash equivalents	NZ	0.32%

Together 99.9% of the fund. The rest is spread across other holdings.

How spread out is it?

Spread of the fund's holdings
Measure	Disclosed
Holdings the provider lists	3
The ten largest, together	99.9%
Largest single holding	Castle Point 5 Oceans Fund, 99.6% of the fund

100% of this fund is in one holding. A holding can itself be a fund or an ETF that holds many investments, and the register does not show what is inside it, so read the provider's Product Disclosure Statement for what sits underneath.

The risk indicator measures how much a fund's returns have moved, not how many investments it holds, so it cannot show concentration on its own. Two funds that hold the same index can carry different indicators. Shares are as the provider disclosed them, and a total above 100% is the provider's own figure.

Fees and charges

Fees disclosed by the provider
Charge	Disclosed
Total annual fund charge	1.26%
Manager's basic fee	1.18%
Performance-based fees	0.00%
Other management charges	0.08%
Contribution fee	0.00%
Withdrawal fee	Not stated

Charges as a share of the amount invested. A blank on the register is shown as not stated. How an adviser is paid is separate, and is set out in our disclosure statement.

Returns the provider has disclosed

These are the provider's own figures from its fund update. They are the register's "net" returns, which are after the fund's charges and after tax, so they will not match the Morningstar figures in the headline and in the next section, which are after charges and before tax. Read each on its own terms.

Provider-disclosed returns
Period	This fund
Past year	11.66%
Average a year, 5 years	4.25%
Average a year, since the fund started	5.20%

Year by year, to 31 March
Year	This fund
12 months to 31 March 2026	7.76%
12 months to 31 March 2025	5.08%
12 months to 31 March 2024	4.69%
12 months to 31 March 2023	-2.90%
12 months to 31 March 2022	3.23%

A return says what happened and not what will.

Returns reported by Morningstar

This fund is not in the Morningstar report, so there are no Morningstar returns to show. The provider's own disclosed returns are above.

See the full Morningstar returns comparison → (opens in a new tab)

Other details

Other disclosed details
Item	Disclosed
Asset liquidity ratio	100.00%
Debt ratio	-70.00%
Provider last updated this fund	31 July 2026
Reporting period ended	30 June 2026

Where this comes from

Fund details are from the Disclose Register (opens in a new tab), read on 31 October 2026. The Morningstar return is from the same report as the Morningstar returns comparison. Read the provider's current Product Disclosure Statement before you decide.

Cam compares KiwiSaver providers and funds across the wider NZ market, and a fund appearing here, or on his implementation panel, is not a recommendation. Whether a fund suits you depends on your goals, timeframe and comfort with risk. How Solid Steele is paid depends on the provider and is set out in the disclosure statement. A free KiwiSaver session is the way to see how it applies to you.

See every open fund in the Superlife KiwiSaver Scheme →

Other funds in the Superlife KiwiSaver Scheme

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