Funds
Norfolk Mortgage Trust
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
Key:
- 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
In their own words
Your investment will comprise units in the Norfolk Mortgage Trust. The Norfolk Mortgage Trust invests in a portfolio of loans secured by registered first and second mortgages over land and buildings in New Zealand and bank deposits. The investment objective is to provide investors with an income return at a level higher than bank deposits and competitive with similar investment products. The Manager's objective is to provide investors a return which exceeds the (after fees) six month term deposit rate (published by the Reserve Bank of New Zealand on the last business day of each month of the six months of the relevant distribution period) by 1.4% per annum after deduction of fees, any taxes (within the Trust) and expenses.
| Value | $42.7M NZD |
| Period of data report | 30th June 2024 |
| Fund started | 15th Dec. 2006 |
| Total annual fund fees | 2.65% |
| Total performance based fees | 0.0% |
| Manager's basic fee | 2.5% |
| Other management and administration charges | 0.15% |
| Total other charges | 0.0 |
| Total other charges currency | NZD |
Key Personnel
|
Jack Porus |
Currently: Chair (8 years, 0 months) |
|
Stuart Smith |
Currently: Executive Director (8 years, 0 months) |
|
Glenys Holden |
Currently: Chief Executive (6 years, 0 months) |
This information has been sourced from the quarterly data that each fund has filed with Disclose register to 30th June 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% | 5.5% |
| 2023 | -1.56% | 4.72% |
| 2022 | -0.50% | 4.21% |
| 2021 | 8.70% | 4.43% |
| 2020 | -0.05% | 4.56% |
| 2019 | 4.31% | 4.57% |
| 2018 | 3.39% | 3.83% |
| 2017 | 3.28% | 4.79% |
| 2016 | 2.92% | 4.03% |
| 2015 | 8.63% | 5.51% |
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 30th June 2024.
Top 10 Investments
-
ASB Bank Limited - Cash and Cash Equivalents
New Zealand Cash and Equivalents AA-16.99% -
Loan Secured By A1St Registered Mortgage Over A Residential Property In Auckland
New Zealand Unlisted Property6.52% -
Loan Secured By A1St Registered Mortgage Over A Commercial Property In Waikato
New Zealand Unlisted Property6.17% -
Loan Secured By A 1St Registered Mortgage Over A Rural Property In Canterbury
New Zealand Unlisted Property4.55% -
Loan Secured By A1St Registered Mortgage Over A Residential Property In Hawke's Bay
New Zealand Unlisted Property4.53% -
Loan Secured By A1St Registered Mortgage Over A Residential Property In Taranaki
New Zealand Unlisted Property3.96% -
Loan Secured By A1St Registered Mortgage Over A Residential Property In Auckland
New Zealand Unlisted Property3.95% -
Loan Secured By A1St Registered Mortgage Over A Rural Property In Taranaki
New Zealand Unlisted Property3.75% -
Loan Secured By A1St Registered Mortgage Over A Commercial Property In Auckland
New Zealand Unlisted Property3.4% -
Loan Secured By A1St Registered Mortgage Over A Residential Property In Hawke's Bay
New Zealand Unlisted Property3.06%
| Type | Target | Actual |
|---|---|---|
| Cash and Cash Equivalents | 0.0% | 16.99% |
| New Zealand Fixed Interest | 0.0% | 0.0% |
| International Fixed Interest | 0.0% | 0.0% |
| Australasian Equities | 0.0% | 0.0% |
| International Equities | 0.0% | 0.0% |
| Listed Properties | 0.0% | 0.0% |
| Unlisted Properties | 100.0% | 83.01% |
| 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.
Target
Actual
This information has been sourced from the quarterly data that each fund has filed with Disclose register to 30th June 2024.