Norfolk Mortgage Trust

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Not Mindful
Type: Aggressive fund
Past Returns: 4.32%

Average annual returns over the past 3 years, after fees and taxes. * indicates less than 3 years of data.

Annual Fees: 2.84%

Annual fees, including any membership and % management fee.

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 data is compiled by Mindful Money from the fund information and portfolios that each fund has filed with the Disclose register to Wed Sept. 30th 2020 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.

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.

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
2020 -7.57% 4.56%
2019 10.01% 4.57%
2018 7.40% 3.83%
2017 9.64% 4.79%
2016 4.71% 4.03%
2015 14.67% 5.51%
2014 10.13% 2.84%
2013 13.93% 2.9%
2012 -2.50% 4.38%
2011 5.97% 5.63%

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 Wed Sept. 30th 2020.

Showing the top 10 investments for this fund:

  • Mortgage - Residential Auckland
    New Zealand Unlisted Property
    7.64%
  • ASB Bank Limited - Cash and Cash Equivalents
    New Zealand Cash and Equivalents AA-
    7.45%
  • Mortgage - Residential Auckland
    New Zealand Unlisted Property
    6.93%
  • Mortgage - Residential Auckland
    New Zealand Unlisted Property
    6.77%
  • Mortgage - Residential Auckland
    New Zealand Unlisted Property
    6.58%
  • Mortgage - Residential Auckland
    New Zealand Unlisted Property
    5.17%
  • Mortgage - Residential Wellington
    New Zealand Unlisted Property
    5.06%
  • Vulcan Mortgage Limited Partnership - Residential/Commercial Waikato
    New Zealand Unlisted Property
    4.95%
  • Mortgage - Residential Taranaki/Auckland
    New Zealand Unlisted Property
    4.87%
  • Mortgage - Residential Auckland
    New Zealand Unlisted Property
    3.81%

This information has been sourced from the quarterly data that each fund has filed with Disclose register Wed Sept. 30th 2020.

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

Target

Actual


Type Target Actual
Cash and Cash Equivalents 0.0% 7.38%
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% 92.62%
Other 0.0% 0.0%
Commodities 0.0% 0.0%

This information has been sourced from the quarterly data that each fund has filed with Disclose register to Wed Sept. 30th 2020.

Does this fund have a policy to exclude any industries from its investments? The first column shows if the fund has a policy to exclude the issue. The second column shows if there are any current investments (source: Mindful Money research).

The Fund may have investments that are not consistent with their exclusions policy because they are still in the process of implementing their policy.

  • Issue of concern
    Does this fund say it excludes this?
    Actual holdings
  • Adult Entertainment/Pornography:
    0.00%
  • Alcohol:
    0.00%
  • Animal Testing:
    0.00%
  • Fossil Fuels:
    0.00%
  • Gambling:
    0.00%
  • GMOs:
    0.00%
  • Human Rights & Environmental Violations:
    0.00%
  • Palm Oil:
    0.00%
  • Tobacco:
    0.00%
  • Weapons:
    0.00%

This data is compiled by Mindful Money from the fund information and portfolios that each fund has filed with the Disclose register to Wed Sept. 30th 2020 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.

Note that the fund’s intended exclusions may not be consistent with the analysis of the portfolio because of timing issues or because there are companies of concern in indirect investments by the fund.

Note that many funds exclude controversial weapons. However, the category of Weapons used in this analysis is broader in scope, covering all munitions, firearms and military weapons.

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 $29M NZD
Period of data report Wed Sept. 30th 2020
Members 228
Fund started Fri Dec. 15th 2006
Total annual fund fees 2.84%
Total performance based fees 0.04%
Manager's basic fee 2.5%
Administration charges 0.3%
Total other charges 0.0
Total other charges currency NZD

Key Personnel

Jack Lee Porus

Currently: Chairman (4 years, 3 months)
Previously: Chairman Norfolk Financial Management Ltd (9 years, 10 months)

Stuart Adrian Smith

Currently: Director (4 years, 3 months)
Previously: Director Norfolk Financial Management Ltd (9 years, 10 months)

Donald Fraser Howden

Currently: Director (2 years, 5 months)
Previously: Director Professional Mortgage Investment Managers Limited (12 years, 4 months)

Myles John Prestidge

Currently: Director (1 years, 7 months)
Previously: Director Professional Mortgage Investment Managers Limited (12 years, 4 months)

Amy-Louise Cavanaugh

Currently: Director (0 years, 8 months)
Previously: General Manager Operations Pinnacle Life (2 years, 3 months)

This information has been sourced from the quarterly data that each fund has filed with Disclose register to Wed Sept. 30th 2020.

Downloads

Download the fund's disclosure statement and portfolio holdings.

Latest news

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Before investing, consider your investment aims, your values and your risk preferences. You should read the Product Disclosure Statement for the investment fund carefully. It contains the fund’s investment objectives, risks, fees and other information which you should know before investing. This website has a list of the advisers that are registered with the Responsible Investment Association of Australasia. You should contact an investment adviser before investing if you have questions or if you are unclear about the implications of your investment decision.