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.

This fund has no investments in issues of concern


  • Human Rights Violations
  • Environmental Harm
  • Animal Cruelty
  • Weapons
  • Fossil Fuels
  • Social Harm

Companies of concern

This data is compiled by Mindful Money from the fund information and portfolios that each fund has filed with the Disclose register to 31st March 2024 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

The CFML Mortgage Fund invests solely in shares in CFML Lending Limited. CFML Lending Limited then enters into loans predominantly secured by first ranking mortgages over residential freehold apartments (excluding serviced apartments) and other residential freehold properties (including houses, townhouses, units, terraced houses, bare land and rural lifestyle properties) in New Zealand, and in on-call and short term deposits at a New Zealand registered bank. The Manager aims to provide investors with investment returns over the medium term (i.E. 3 to 5 years) equal to the return objective of the Fund (90 Day Bank Bill Rate plus 2.5% p.A.).

Value $23.1M NZD
Period of data report 31st March 2024
Fund started 8th Feb. 2018
Total annual fund fees 1.82%
Total performance based fees 0.0%
Manager's basic fee 1.3%
Other management and administration charges 0.34%
Total other charges 0.0
Total other charges currency NZD

Patrick Middleton

Currently: CEO (7 years, 6 months)
Previously: CEO - Perpetual Group (4 years, 0 months)

Johny Kale

Currently: COO (7 years, 6 months)
Previously: Treasury & Operations Manager - North Asset Management LLP (7 years, 1 months)

Frank Chan

Currently: Chairman - Non-Executive Director (8 years, 0 months)
Previously: Director and Principal Lawyer - Hesketh Henry (8 years, 4 months)

Susan Hansen

Currently: Non-Executive Director (7 years, 11 months)
Previously: Non-Executive Director - various companies (5 years, 6 months)

Brent Malcolm

Currently: Mortgage & Credit Manager (1 years, 11 months)
Previously: General Manager Credit - General Finance (1 years, 1 months)

This information has been sourced from the quarterly data that each fund has filed with Disclose register to 31st March 2024.

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
2024 5.67% 5.19%
2023 -1.56% 4.3%
2022 -0.50% 2.89%
2021 8.70% 2.99%
2020 -0.05% 3.42%
2019 4.31% 3.71%
2018 3.39% 3.73%

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 March 2024.

Top 10 Investments

  • CFML Lending Limited
    New Zealand Australasian Equities
Type Target Actual
Cash and Cash Equivalents 0.0% 0.0%
New Zealand Fixed Interest 0.0% 0.0%
International Fixed Interest 0.0% 0.0%
Australasian Equities 100.0% 100.0%
International Equities 0.0% 0.0%
Listed Properties 0.0% 0.0%
Unlisted Properties 0.0% 0.0%
Other 0.0% 0.0%
Commodities 0.0% 0.0%

Investment Mix

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

This information has been sourced from the quarterly data that each fund has filed with Disclose register to 31st March 2024.