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 Ltd is licensed under the Financial Markets Conduct Act 2013 as a Manager of the NZ Mortgage Income Trust (No. 2 Fund), the Capital Mortgage Income Trust and the NZ Mortgage Income Trust. VIEW licence here. To view our schemes on the NZ Companies Office website – the Disclose Register.

Fund Managers Otago Limited manages two Group Investment Funds (GIFs) that invest solely in registered first mortgages and term deposits with registered banks within New Zealand. Both 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 weighted average six month term deposit rate as published by the Reserve Bank of New Zealand at www.rbnz.govt.nz/statistics/tables/b3. This rate is the advertised interest rate paid for a six month term deposit of $10,000. It is weighted by each of the surveyed registered banks share of household deposits from the aggregate bank statistical returns supplied to the Reserve Bank of New Zealand.

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.

Capital Mortgage Income Trust Group Investment Fund – P.I.E. Fund


(Not currently open for investments and no money is currently being sought.)

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 weighted average six month term deposit rate as published by the Reserve Bank of New Zealand at www.rbnz.govt.nz/statistics/tables/b3. This rate is the advertised interest rate paid for a six month term deposit of $10,000. It is weighted by each of the surveyed registered banks share of household deposits from the aggregate bank statistical returns supplied to the Reserve Bank of New Zealand. Capital Mortgage Income Trust began as a group investment fund in September 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 (‘P.I.R.’), 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 latest audited annual report, a copy of which can be downloaded from this website.