*Returns stated are based on net returns, after fees but before tax. The table shows quarter on quarter returns only. Past performance is no indication of future performance.
CFML advises you to read all of the CFML Mortgage Fund offering documents, including the PDS, before investing. If you have any questions relating to this investment or require further clarification on the content of the offering documents, we recommend that you engage with an independent financial adviser.
The CFML Mortgage Fund is a managed fund. Your money will be pooled with other investors’ money and invested in shares in CFML Lending Limited. CFML Lending then enters into loans predominantly secured by first ranking mortgages (Mortgages) over residential freehold properties (including apartments), and invests any surplus capital in on-call and short term deposits at a New Zealand registered bank.
The returns you receive from the CFML Mortgage Fund are dependent on the interest paid on the loans secured by Mortgages made by CFML Lending and interest earned on on-call and short term deposits at a New Zealand registered bank in which CFML Lending invests any surplus capital.
Withdrawals are subject to a break fee if made within 2, 3 or 4 years (depending on the nature of your investment) from the date of your investment in the CFML Mortgage Fund. Withdrawals can be made at the end of each calendar quarter, provided at least 45 days’ notice is given to CFML. CFML may redeem investments on notice to investors if cash levels are above or at the higher end of the target asset allocation range for the CFML Mortgage Fund in the Statement of Investment Policy and Objectives
There are no upfront fees for investing in the CFML Mortgage Fund. There are on-going Management Fees, Supervisor Fees and Mortgage Administrator Fees that are paid from the CFML Mortgage Fund quarterly. For more information on the CFML Mortgage Fund fees and expenses, please consult the PDS.
The CFML Mortgage Fund elected to become a multi-rate portfolio investment entity (PIE) from inception. The CFML Mortgage Fund has also elected to be a foreign investment variable-rate PIE. The amount of tax you pay in respect of a PIE is based on your prescribed investor rate (PIR). To determine your PIR, go to the following website, or refer to the information below. If you are unsure of your PIR, we recommend you seek professional advice or contact Inland Revenue.
For more information please consult the PDS
The CFML Mortgage Fund meets the criteria for a qualifying “Growth Investment” for Immigration New Zealand purposes.
If you have any questions, or would like additional information on our investment options, please contact us using the form below.