{
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        "label": "CASTLE POINT TRANS-TASMAN FUND (FND12482) Full portfolio holdings 31 March 2026.xlsx Download the full portfolio holdings. XLSX, 1.68 KB",
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      {
        "label": "Trans Tasman Fund update 31 March 2026.pdf The quarterly update published by the provider PDF, 1.68 MB",
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        "label": "2026 04 PDS Trans Tasman.pdf Additional product disclosure statement from the provider PDF, 1.31 MB",
        "href": "https://smartinvestor.sorted.org.nz/disclose-document/ff7589b06dd9881f/2026-04-PDS---Trans-Tasman.pdf"
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    "fund_name": "Castle Point Trans-Tasman Fund",
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    "source_paragraph": "The Fund invests in New Zealand and Australian listed companies and is benchmarked to the S&P/NZX 50 Index (including imputation credits). The performance objective of the Fund is to outperform the benchmark over rolling five-year periods after all fees (and other expenses) but before tax. The Fund pays a quarterly distribution that can be taken as cash or reinvested into additional units.",
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      "derivatives_policy": "Derivatives can only be used in accordance with the investment strategy of each fund for risk management, hedging (including currency), and implementing investment opportunities. A counterparty assessment and approval process is maintained and a list of approved counterparties is kept by the compliance team.",
      "rebalancing_policy": "Asset allocation of each fund is monitored daily to account for market movements and any inflows and outflows. Rebalancing occurs if allocations have deviated sufficiently from desired levels to justify trading costs; if limits set out in Section 4 are breached, the fund must be rebalanced to within permitted limits within 5 business days unless written Supervisor approval is obtained.",
      "currency_hedging_policy": "While funds have discretion to leave foreign currency exposures unhedged, the default position is to use forward foreign exchange contracts and/or hedging in underlying funds to hedge foreign currency exposure. Target hedging levels are indicative only and not binding ranges.",
      "liquidity_policy": "Fund liquidity is constantly monitored by Portfolio Managers and traders to ensure sufficient liquidity to meet redemptions and expenses. The Investment Committee monitors liquidity risk metrics and stress testing using an Identify, Measure, Monitor and Manage framework. Each fund is permitted to borrow up to 15% of fund value for settlement mismatches, withdrawal/sale mismatches, or expense/fee shortfalls; explicit leverage is not permitted."
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