NZ Mortgage Income Trust (No. 2 Fund) Group Investment Fund

 

Fund Managers Otago Limited as a managed investment scheme manager does not offer investment advice. For investment advice we recommend that you make contact with a qualified registered investment advisor. Fund Managers Otago Limited is licensed under the Financial Markets Conduct Act 2013 [FSP30687] as the managed investment scheme manager of the NZ Mortgage Income Trust (No. 2 Fund) Group Investment Fund which is a Managed Investment Scheme (MIS) under the Financial Markets Conduct Act 2013.

View licence here. To view our schemes on the NZ Companies Office website – the Disclose Register.

If you would like to invest or find out more, we’d be happy to discuss how we can help you.

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Key Investment Points

Fund size
$11.8 million as at 14 June 2018
Minimum Investment
$500
Unit price
$0.9300 per unit
The value of each unit in the MIS increases or decreases in value as net income accrues during each quarter of the financial year. On the first day of each quarter an income distribution to investors for the prior quarter is determined and paid out. The effect of any distribution is to reduce the unit value by the amount of the income accrual following completion of the distribution. This process then repeats each quarter. A portion of each income distribution made to investors is reinvested in new units in the MIS which has a dilutive effect for all unitholders.
Income Payments
Quarterly / floating rate of return / income can be compounded
Term of Investment
Medium to long term
Fees
No application fees, no entry fees. Investments are subject to regular fees as set out in the Product Disclosure Statement for the No. 2 Fund. In the interest of encouraging a stable and planned approach to investment, the Manager has discretion to charge a fee of up to 2% on any money withdrawn during the first year of  investment and up to 1% on any money withdrawn more than 12 months but less than 24 months after investment. There are no withdrawal fees for investors who withdraw following the second full year of investment.

Our Current Rate

returntoinvestors

Where the Fund is invested – the mortgage portfolio3

 

Map and graph

Fundfacts

National spread of mortgage securities

 

Map and graph
Map and graph

NOTES:

1. NZ Mortgage Income Trust (No.2 Fund) Group Investment Fund (“Fund”) was formed on 18 October 2007. All information on this page relates to the Fund current to 14 June 2018, unless stated otherwise. For further information please contact your adviser or download our current product disclosure statement.

2. The above return is based on a $0.9300 unit value and on an investor being in the Fund for the entire quarter. Any investor who joined the Fund or withdrew from the MIS during the quarter would not necessarily earn the same return. The return to investors is calculated quarterly, after all fees and expenses have been deducted, and is expressed as a per annum equivalent before tax. Details on the return calculation are set out in the product disclosure statement relating to the MIS that is available on request. Past returns do not guarantee future performance. Average quarterly returns are the mean average return and have not been compounded.

3. Investments are pooled and invested across the entire mortgage portfolio. The portfolio breakdowns are calculated on dollar values. Averages are the mean average. The “Loan Max %” is the maximum loan amount against registered valuation or purchase price, whichever is lower.

4. Investments are pooled and invested across the entire mortgage portfolio. The portfolio breakdowns are calculated on dollar values. Averages are the mean average. The “Loan Max %” is the maximum loan amount against registered valuation or purchase price, whichever is lower.