Welcome to Fund Managers Otago Limited.
Fund Managers Otago Limited is a Fund Manager and does not offer investors investment advice.
For investment advice we recommend that you make contact with a qualified registered investment advisor.
Fund Managers Otago Limited manages three Group Investment Funds (GIFs) that invest solely in registered first mortgages and term deposits with registered banks within New Zealand. All three GIFs distribute their income to investors quarterly on the first day of April, July, October and January of each year. Each of the Funds is described in more detail below:
NZ Mortgage Income Trust (No. 2 Fund) Group Investment Fund
This is an opportunity to invest in units in a group investment fund called the NZ Mortgage Income Trust (No. 2 Fund) Group Investment Fund.
NZ Mortgage Income Trust (No. 2 Fund) Group Investment Fund was formed by Fund Managers Otago Limited in October 2007 to meet the needs of those investors who may be disadvantaged by the Portfolio Investment Entity (P.I.E.) regime.
NZ Mortgage Income Trust (No. 2 Fund) aims to offer an investment in a diversified portfolio of registered first mortgages and term deposits with registered banks within New Zealand, providing returns to investors benchmarked against the average return from the advertised $5,000 one year bank term deposit interest rate with five banks – ASB, ANZ, BNZ, the National Bank and Westpac.
The Manager, Fund Managers Otago Limited, is a company that is focused on maximising returns for investors. Although managed from Dunedin, the Fund operates nationwide and lends nationwide to ensure a geographic spread of quality registered first mortgages.
Investors in the NZ Mortgage Income Trust (No. 2 Fund) benefit from the Fund being managed by an experienced Fund Manager, Fund Managers Otago Limited. The funds that are invested in registered first mortgages were invested in accordance with strict investment guidelines under the supervision of the trustee, Trustees Executors Limited.
The Fund comes under the Resident Withholding Tax regime and we recommend to that potential investors seek taxation advice from a professional financial advisor or tax specialist before investing in this Fund.
NZ Mortgage Income Trust Group Investment Fund – P.I.E. Fund
(Not currently open for investments.)
NZ Mortgage Income Trust Fund Group Investment Fund – P.I.E. Fund ("Fund") has its funds invested in a diversified pool of registered first mortgages and term deposits with registered banks within New Zealand, providing returns to investors benchmarked against the average return from the advertised $5,000 one year bank term deposit interest rate with five banks – ASB, ANZ, BNZ, the National Bank and Westpac.NZ Mortgage Income Trust began as a Unit Trust in 1994 with unitholder funds totalling just over $7 million. In 2001, with unitholder funds totalling just over $50 million, the unit trust was transferred into a group investment fund with the same name, enabling unitholders' income from the Fund to be taxed at their own resident withholding tax rates, not the blanket 30% tax rate that applies to a unit trust. On 1 October 2007 the Fund elected to become a portfolio investment entity ("PIE").
A PIE registered Fund allows for taxation at an individual's prescribed investor rate, with a ceiling rate of 28%, providing an appropriate tax advantage applicable to those on P.I.R's at lesser levels.
For more detailed financial information, please refer to the Fund's audited annual report a copy of which can be downloaded from this website.
Capital Mortgage Income Trust Group Investment Fund – P.I.E. Fund
(Not currently open for investments.)
Capital Mortgage Income Trust Fund Group Investment Fund – P.I.E. Fund ("Fund") has its funds invested in a diversified portfolio of registered first mortgages and term deposits with registered banks within New Zealand, providing returns to investors benchmarked against the average return from the advertised $5,000 one year bank term deposit interest rate with four banks – ANZ, BNZ, the National Bank and Westpac.
Capital Mortgage Income Trust began as a group investment fund in December 2003 with unitholder funds totalling just over $7 million. On 1 October 2007 the Fund elected to become a portfolio investment entity ("PIE").
A PIE registered Fund allows for taxation at an individual's prescribed investor rate, with a ceiling rate of 28%, providing an appropriate tax advantage applicable to those on P.I.R's at lesser levels.
For more detailed financial information please refer to the Fund's audited annual report a copy of which can be downloaded from this website.
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