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 | $1.9B NZD |
| Period of data report | 31st March 2025 |
| Fund started | 31st Jan. 2001 |
| Total annual fund fees | 1.63% |
| Total performance based fees | 0.0% |
| Manager's basic fee | 1.52% |
| Other management and administration charges | 0.11% |
| Total other charges | 0.0 |
| Total other charges currency | NZD |
|
Paul Bendall |
Currently: Chief Executive Officer (3 years, 7 months)
|
|
Andrew Western |
Currently: Chief Financial Officer (1 years, 2 months)
|
|
Sam Burgess |
Currently: Chief Investment Officer (0 years, 10 months)
|
|
Phil Bennett |
Currently: Head of Lending (0 years, 6 months)
|
|
Michael Smith |
Currently: Director (10 years, 6 months)
|
This information has been sourced from the quarterly data that each fund has filed with Disclose register to 31st March 2025.
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 |
|---|---|---|
| 2025 | 3.04% | 7.46% |
| 2024 | 12.48% | 7.29% |
| 2023 | -4.05% | 6.03% |
| 2022 | 1.38% | 5.1% |
| 2021 | 27.68% | 4.41% |
| 2020 | -4.45% | 5.0% |
| 2019 | 6.12% | 5.42% |
| 2018 | 8.66% | 5.31% |
| 2017 | 7.20% | 5.25% |
| 2016 | 5.40% | 5.32% |
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 2025.
ANZ Bank - Call 71
New Zealand Cash and Equivalents AA-
Loan Secured Over Commercial Property In Auckland
New Zealand Other
Loan Secured Over Commercial Property In Wellington
New Zealand Other
Loan Secured Over Residential Property In Auckland
New Zealand Other
Loan Secured Over Commercial Property In Auckland
New Zealand Other
Loan Secured Over Rural Property In Bay Of Plenty
New Zealand Other
Loan Secured Over Commercial Property In Auckland
New Zealand Other
Loan Secured Over Commercial Property In Wellington
New Zealand Other
Loan Secured Over Commercial Property In Auckland
New Zealand Other
Loan Secured Over Residential Property In Wellington
New Zealand Other
| Type | Target | Actual |
|---|---|---|
| Cash and Cash Equivalents | 10.0% | 10.37% |
| New Zealand Fixed Interest | 5.0% | 5.82% |
| 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% | 83.81% |
| Commodities | 0.0% | 0.0% |
How the money in this fund is invested by asset type.
This information has been sourced from the quarterly data that each fund has filed with Disclose register to 31st March 2025.
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 2025 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.
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 | $1.9B NZD |
| Period of data report | 31st March 2025 |
| Fund started | 31st Jan. 2001 |
| Total annual fund fees | 1.63% |
| Total performance based fees | 0.0% |
| Manager's basic fee | 1.52% |
| Other management and administration charges | 0.11% |
| Total other charges | 0.0 |
| Total other charges currency | NZD |
|
Paul Bendall |
Currently: Chief Executive Officer (3 years, 7 months)
|
|
Andrew Western |
Currently: Chief Financial Officer (1 years, 2 months)
|
|
Sam Burgess |
Currently: Chief Investment Officer (0 years, 10 months)
|
|
Phil Bennett |
Currently: Head of Lending (0 years, 6 months)
|
|
Michael Smith |
Currently: Director (10 years, 6 months)
|
This information has been sourced from the quarterly data that each fund has filed with Disclose register to 31st March 2025.
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 |
|---|---|---|
| 2025 | 3.04% | 7.46% |
| 2024 | 12.48% | 7.29% |
| 2023 | -4.05% | 6.03% |
| 2022 | 1.38% | 5.1% |
| 2021 | 27.68% | 4.41% |
| 2020 | -4.45% | 5.0% |
| 2019 | 6.12% | 5.42% |
| 2018 | 8.66% | 5.31% |
| 2017 | 7.20% | 5.25% |
| 2016 | 5.40% | 5.32% |
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 2025.
ANZ Bank - Call 71
New Zealand Cash and Equivalents AA-
Loan Secured Over Commercial Property In Auckland
New Zealand Other
Loan Secured Over Commercial Property In Wellington
New Zealand Other
Loan Secured Over Residential Property In Auckland
New Zealand Other
Loan Secured Over Commercial Property In Auckland
New Zealand Other
Loan Secured Over Rural Property In Bay Of Plenty
New Zealand Other
Loan Secured Over Commercial Property In Auckland
New Zealand Other
Loan Secured Over Commercial Property In Wellington
New Zealand Other
Loan Secured Over Commercial Property In Auckland
New Zealand Other
Loan Secured Over Residential Property In Wellington
New Zealand Other
| Type | Target | Actual |
|---|---|---|
| Cash and Cash Equivalents | 10.0% | 10.37% |
| New Zealand Fixed Interest | 5.0% | 5.82% |
| 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% | 83.81% |
| Commodities | 0.0% | 0.0% |
How the money in this fund is invested by asset type.
This information has been sourced from the quarterly data that each fund has filed with Disclose register to 31st March 2025.
