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.

Our Current Rate of Return

No 2 Fund Return for Quarter Ending 31 March 2018

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

0800 800 212 Email Us Now

Client Testimonial

“My name is James Loan (Jimmy)I have been a client of the NZ Mortgage Income Trust for the past 15 years. Over this period I have been extremely satisfied with the returns on my investment. I can’t say enough about the staff of Fund Managers Otago, they are very courteous, patient and efficient when making enquiries, and when necessary there is easy access to the Managing Director, Mr Peter Hutchison.

I would have no hesitation in recommending this firm to anyone. By the way, when you call Fund Managers Otago a real person answers the telephone.”

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Print & Return Application Form

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Editable PDF to Complete Online

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Product Disclosure Statement

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2020 Annual Report

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Statement of Investment Policy Objectives

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Hardship Redemption Policy

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Amended and Restated Trust Deed

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Notice of Withdrawal

Annual Reports

The ever-changing regulatory environment under which Fund Managers Otago Limited operates, results in constant change in the way we run our business and communicate with you, our investors. This includes when we report to investors, how often we report and in what fashion. The rules surrounding the provision of the Schemes annual financial statements and annual report each year are set out below.

Annual Financial Statements and Annual Report

Under section 96 of the Financial Markets Conduct Act 2013 and the corresponding regulation, the Manager is required to prepare and complete the financial statements for the scheme by 31 July each year and lodge this report with the Disclose Register and the Companies Office by no later than that date. This year, due to the impact of COVID-19 on our audit and reporting processes, we received an extension under the Financial Markets Conduct (Financial Reporting and Other Relief – COVID-19) Exemption Notice 2020 to 30 September.

A copy of the annual financial statements and the annual report can be requested from the Scheme Manager by emailing the request to enquiries@mortgagetrust.co.nz. Each unitholder has a right to receive a copy of the annual report if notice is given within 15 working days of receipt of the applicable report or newsletter by making a request to the Manager. The requested copy can be supplied electronically to you, by you downloading a copy from the Disclose Register , or a copy mailed out by the Manager free of charge.

Key Investment Points

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 (“Fund”) which is a Managed Investment Scheme (MIS) under the Financial Markets Conduct Act 2013 (MIS).

Fund Managers Otago Limited is the Manager of the Fund which invests in registered first mortgages and term deposits with registered banks solely within New Zealand. The Fund distributes its income to investors quarterly on the first day of April, July, October and January of each year.

The 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.

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 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 the Fund.

Further Fund Information

    • The minimum investment in the Fund is $100.
    • Returns can either be paid into an investor’s bank account or re-invested in further units in the Fund.
    • There is no fixed term for investments, although the Fund is geared towards medium to long term investors (2+ years).
    • The Manager has the right to charge withdrawal fees of up to 2% of the amount withdrawn during the first year of investment and 1% of the amount withdrawn during the second year of investment.  The Manager has historically not charged these fees and has decided not to charge any withdrawal fees for the foreseeable future.
    • Withdrawals will usually be paid within 90 business days after the Manager receives a withdrawal notice.
    • Investments are subject to fees as set our in the Product Disclosure Statement.
    • Investors can make regular contributions to their investment.
    • This investment is available to NZ residents only.
    • View more key investment points here.
    • For further information please contact your adviser or download our current Product Disclosure Statement.
    • The above return is based on the unit price as at the date each income distribution is made. Any investor who joined the Fund or withdrew from the Fund 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 Fund 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.