Funds

First Mortgage Trust Group Investment Fund

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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:

  • Adult Entertainment/Pornography
  • Alcohol
  • Animal Cruelty
  • Fossil Fuels
  • Gambling
  • GMOs
  • Human Rights & Environmental Violations
  • Palm Oil
  • Tobacco
  • Weapons

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 30th Sept. 2022 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 First Mortgage Trust 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 First Mortgage Managers Limited, which makes decisions relating to the investments of the First Mortgage Trust Group Investment Fund. The Supervisor is Trustees Executors Limited, which holds the assets of the First Mortgage Trust Group Investment Fund.

Value $1.6B NZD
Period of data report 31st Dec. 2022
Fund started 31st Jan. 2001
Total annual fund fees 1.64%
Total performance based fees 0.0%
Manager's basic fee 1.52%
Other management and administration charges 0.12%
Total other charges 0.0
Total other charges currency NZD

Key Personnel

Paul Bendall

Currently: Chief Executive Officer (1 years, 4 months)
Previously: General Manager - First Mortgage Managers Ltd (1 years, 0 months)

Roger Ford

Currently: Chief Financial Officer (0 years, 9 months)
Previously: Financial Controller - First Mortgage Managers Ltd (9 years, 6 months)

Sam Burgess

Currently: Head of Lending (0 years, 8 months)
Previously: Regional Manager Property Finance, ASB Bank (3 years, 1 months)

Geoff Newland

Currently: Head of Credit and Risk (2 years, 3 months)
Previously: Head of Property Credit - BNZ (15 years, 1 months)

Michael Smith

Currently: Director (8 years, 3 months)
Previously: Current position: Director, Craigs Investment Partners Superannuation Management Limited (12 years, 0 months)

This information has been sourced from the quarterly data that each fund has filed with Disclose register to 31st Dec. 2022.

Investment Exclusions

Does this fund exclude companies that cause deep concern to New Zealanders? The first column shows if the fund has a credible policy to exclude the issue. The second column shows if there are any current investments (source: Mindful Money research).

Note that the fund’s exclusions policy may not be consistent with its portfolio holdings because the fund might be still implementing its policy change or the fund’s exclusion policy and thresholds may be different from the definitions applied by Mindful Money.

Issue of concern Does this fund say it excludes this? Actual holdings
Adult Entertainment /Pornography 0.00%
Alcohol 0.00%
Animal Cruelty 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 30th Sept. 2022 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 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. Similarly Mindful Money uses a broader scope for fossil fuels than the government’s rules for default KiwiSaver funds. The full definitions used in the Mindful Money analysis are here.

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
2022 -0.26% 5.1%
2021 8.99% 4.41%
2020 0.27% 5.0%
2019 4.19% 5.42%
2018 3.39% 5.31%
2017 3.28% 5.25%
2016 2.92% 5.32%
2015 8.63% 5.68%
2014 5.69% 4.95%
2013 8.30% 4.45%

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 Dec. 2022.

Top 10 Investments

  • ANZ Bank - Call 71
    New Zealand Cash and Equivalents AA-
    7.52%
  • Loan Secured Over Commercial Property In Auckland
    New Zealand Other
    1.58%
  • Loan Secured Over Residential Property In Bay Of Plenty
    New Zealand Other
    1.54%
  • Loan Secured Over Residential Property In Auckland
    New Zealand Other
    1.13%
  • Loan Secured Over Commercial Property In Auckland
    New Zealand Other
    1.13%
  • Loan Secured Over Commercial Property In Wellington
    New Zealand Other
    1.11%
  • Loan Secured Over Commercial Property In Wellington
    New Zealand Other
    1.08%
  • Loan Secured Over Commercial Property In Auckland
    New Zealand Other
    1.07%
  • Loan Secured Over Residential Property In Auckland
    New Zealand Other
    1.0%
  • Loan Secured Over Residential Property In Otago
    New Zealand Other
    0.98%
Type Target Actual
Cash and Cash Equivalents 10.0% 9.1%
New Zealand Fixed Interest 5.0% 3.15%
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 0.0% 0.0%
Other 85.0% 87.75%
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 31st Dec. 2022.