NZ Mortgage Income Trust [No2 Fund] Group Investment Fund

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Not Mindful
Type: Growth fund
Past Returns: 3.79%

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

Annual Fees: 4.18%

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 Tue March 31st 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 and research organisations.

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 -4.35% 8.99%
2019 6.14% 3.18%
2018 7.69% -0.79%
2017 8.26% 1.02%
2016 5.40% 4.14%
2015 12.09% 4.74%
2014 9.56% 5.63%
2013 13.67% 7.04%
2012 0.62% 6.88%
2011 6.07% 6.4%

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 Tue June 30th 2020.

Showing the top 10 investments for this fund:

  • ANZ Bank
    New Zealand Cash and Equivalents AA-
    24.74%
  • Loan Secured Over Commercial Property In Auckland
    New Zealand Other UNRATED
    4.29%
  • Loan Secured Over Rural Property In Otago
    New Zealand Unlisted Property
    3.13%
  • Loan Secured Over Residential Property In Otago
    New Zealand Unlisted Property
    2.99%
  • Loan Secured Over Residential Property In Auckland
    New Zealand Other UNRATED
    2.75%
  • Loan Secured Over Residential Property In Otago
    New Zealand Unlisted Property
    2.75%
  • Loan Secured Over Residential Property In Canterbury
    New Zealand Other UNRATED
    2.62%
  • Loan Secured Over Residential Property In Waikato
    New Zealand Unlisted Property
    2.57%
  • Loan Secured Over Residential Property In Canterbury
    New Zealand Other UNRATED
    2.39%
  • Loan Secured Over Residential Property In Waikato
    New Zealand Unlisted Property
    2.36%

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

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

Target

Actual


Type Target Actual
Cash and Cash Equivalents 15.0% 24.57%
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 85.0% 74.6%
Other 0.0% 0.83%
Commodities 0.0% 0.0%

This information has been sourced from the quarterly data that each fund has filed with Disclose register to Tue June 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 Tue March 31st 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 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 NZ Mortgage Income Trust [No.2 Fund] Group Investment Fund. Funds from investors are pooled and invested in a portfolio of loans secured by registered first mortgages over land and buildings in New Zealand and bank deposits. The Manager is Fund Managers Otago Limited which makes decisions relating to the investments of the NZ Mortgage Income Trust [No.2 Fund] Group Investment Fund. The Supervisor is Trustees Executors Limited which holds the assets of NZ Mortgage Income Trust [No.2 Fund] Group Investment Fund."

Value $13M NZD
Period of data report Tue June 30th 2020
Members 656
Fund started Thu Oct. 18th 2007
Total annual fund fees 4.18%
Total performance based fees 0.0%
Manager's basic fee 1.62%
Administration charges 2.56%
Total other charges 0.0
Total other charges currency NZD

Key Personnel

Peter J Hutchison

Currently: Managing Director Fund Managers Otago Ltd (5 years, 10 months)
Previously: Chief Executive (6 years, 1 months)

Lynnette Scott

Currently: Office Manager (1 years, 4 months)
Previously: (None years, None months)

Lynda Taylor

Currently: Compliance Officer (0 years, 8 months)
Previously: (None years, None months)

Ann Burton

Currently: Senior Lending Officer (13 years, 2 months)
Previously: (None years, None months)

Ruth Schmelz

Currently: Senior Administration Assistant (18 years, 0 months)
Previously: (None years, None months)

This information has been sourced from the quarterly data that each fund has filed with Disclose register to Tue June 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.