Wholesale
Conrad Funds Management Limited

CFML Mortgage Fund

Residential First Mortgages

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Total Share/Units
33,692,000 Shares
Min Investment
20,000 Shares
Min Invest Value
NZD 20,000.00
Par Value
NZD 1.00
Issuer
Conrad Funds Management Limited
Issue Type
Residential First Mortgages
Sector
Managed Investment Scheme
Offer End Date
December 31, 2021

CFML offers investment opportunities in Conrad Investment Scheme – Mortgage Fund, which lends to both domestic and foreign borrowers on an asset lend basis. It also has a concentration on apartment lending within Auckland CBD. The scheme is a Portfolio Investment Entity (PIE) Fund. 

The Fund invests solely in shares in CFML Lending. CFML Lending then enters into loans predominantly secured by first ranking mortgages over residential freehold apartments (excluding serviced apartments) and other residential freehold properties (including houses, townhouses, units, terraced houses, bare land and rural lifestyle properties) in New Zealand (Mortgages), and in on-call and short-term deposits at a New Zealand registered bank. Loans are secured by first ranking Mortgages, and CFML Lending lends only to borrowers who meet our credit criteria at reasonably conservative loan to value ratios.

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Key People:

Patrick Middleton

Patrick has over 25 years of experience in the Funds Management industry. Over his time in Financial Services he has held a number of executive management positions including CEO at Perpetual, Spicers Portfolio Management Ltd (NZ) and Head of Wealth Management at Westpac Bank (NZ). He has a wealth of knowledge in New Zealand Funds Management businesses covering investment management, wealth management and portfolio management. His most recent role was consulting into the rural and financial services sectors in New Zealand. Patrick attained an MBA at Henley Management College, Henley, UK. Patrick resides in Auckland, New Zealand.

Johny Kale

Johny comes to CFML with over 15 years of experience in the Funds Management industry working across many jurisdictions; UK, Cayman Islands and Ireland, to name a few. Over this time he has held senior management roles at Northern Trust and most recently at North Asset Management LLP as the Operations & Treasury Manager, a position he held for 6 years. He has a wealth of knowledge in the Funds Management business covering Operations, Treasury, Hedge Fund, Legal and Compliance functions. Johny also attained a Bachelor of Business Studies (Finance & Property) at Massey University, New Zealand. He has also attained a Certificate in Investment Management, at Chartered Institute for Securities and Investment (UK), and also was an Approved Person (FCA) for North Asset Management LLP during his time in the UK. Johny resides in Auckland, New Zealand.

Key Highlights:

  • $5k investment parcels, with a $20k minimum investment
  • Returns after fees but before tax for December 2019 Quarter were 4.51% p.a. (past performance is not an indicator of future performance)
  • Ultimately invests into New Zealand residential first-ranking mortgages
  • Fund Assets of $33,617,000 NZD (December 2019 Quarter)
  • Conrad Funds Management Limited is licenced by the Financial Markets Authority (FMA) as a manager of managed investment schemes.
  • Offer is available to both wholesale and retail investors from New Zealand or Overseas.

Distribution Return:

  Mar Jun Sep Dec
2019 5.08% 5.10% 4.92% 4.51%
2018 5.18% 5.20% 5.21% 5.11%
*Returns stated are based on net returns before tax. The table shows Quarter on Quarter returns only. Past performance is no indication of future performance.
Disclose Register: https://disclose-register.companiesoffice.govt.nz
Scheme Description: Conrad Investment Scheme (SCH12556)
Offer Number: OFR12557
Fund Number: FND12657
ISIN Number: NZ000A2JD2P6
Supervisor: Covenant Trustee Services Limited

Distributions: Quarterly
Structure: Portfolio Investment Entity (PIE)
Fund Update CFML Mortgage Fund - Sept 2019
10/16/2019
10/16/2019
Mortgage Fund Flyer - 30 September 2019
10/17/2019
10/17/2019
Fund Update CFML Mortgage Fund QR ending 30 June 2019
8/16/2019
8/16/2019
Fund Update CFML Mortgage Fund QR ending 31 Mar 2019
6/5/2019
6/5/2019
Product Disclosure Statement - CFML Mortgage Fund September 2019
10/16/2019
10/16/2019
Fund Source - CFML Mortgage Fund March 2019
4/11/2019
4/11/2019
Quarterly Update - 31 Dec - CFML Mortgage Fund
4/1/2019
4/1/2019
Offer of Units in CFML Mortgage Fund - Other Material Information September 2019
10/16/2019
10/16/2019

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