• Home
  • A note from our CEO – June pre-tax returns of 6.71%

3 July 2023

A note from our CEO – June pre-tax returns of 6.71%

Paul Bendall

Date: 30 June 2023

We are pleased to announce that the annualised pre-tax return for the June 2023 quarter is 6.71%. This marks the sixth consecutive quarter of increased investor returns, an achievement that we are proud to deliver to our investors.

The continued growth in returns is another pleasing result in a difficult economic environment. We are very mindful that the security of your investment is as important as the return generated and as always this is reflected in the return.

In addition to the solid June quarter return we are also pleased to note that our loan portfolio continues to perform strongly which is a testament to our careful loan origination and management.

Based on the current interest rates we are achieving we are anticipating further increases in the second half of the year, assuming there aren’t any significant changes to the current environment.

FMT loan book

One of the contributing factors to the strong performance of our loan portfolio is its diversification. We focus on having a spread of loans across sectors, geographical location, loan size and duration of loans to name a few.

At present, our loan portfolio exceeds $1.3 billion with the remainder of the fund held in either cash or term deposits. Safeguarding investor capital is of utmost importance to us, and we take great pride in maintaining an impressive track record of zero investor capital losses throughout our 27 years of business. We are proud of this and remain committed to ensuring that it remains unchanged.

Over the past year our loan portfolio has comprised of close to 700 loans all secured by first mortgages. In addition to other security such as personal guarantees we often have loans which have multiple property securities. We currently have first mortgages registered on close to 1600 properties, meaning that on average every loan we write is secured by more than two properties. This helps us achieve a portfolio loan-to-value (LVR) ratio of 47% currently.

Your investment is spread across the entire portfolio

Another layer of protection for our investors is our governing documents which require a spread of loans across asset types and borrowers. We continue to operate well below all of our maximum limits, highlighting the level of loan portfolio diversification we have achieved.

New fund for wholesale investors

We are looking to open our new fund for wholesale investors shortly. This is an exciting step for FMT. The fund will provide wholesale investors the opportunity to invest with us, and in turn will provide benefits for all investors as it will help grow the fund and help balance risk and return. We believe this is a win-win for all investors. Further information will be shared in due course.

Our team is here for you

At FMT, we take the time to understand the priorities of our clients, which include protecting capital and wealth, providing consistent returns, and the ability to access funds when required. We also recognise the importance of personal interaction and take a people-first approach. With this approach in mind our investment team is always available by phone or email, so you can easily reach out to them should you need.

Looking to the rest of 2023

As we look towards the second half of the year, we remain positive in our outlook. We are continuing to see good lending opportunities across the country. It’s also pleasing the fund continues to grow, largely through recommendations and positive referrals – we thank you for this.

Once again thank you for your continued support and we trust that the increase in the rate reinforces our promise to provide you with consistent returns and peace of mind investing.

Read our latest newsletter

Paul Bendall


Download FMT Lending Pack

    Download FMT Investor Pack

      Request Physical FMT Investor Pack

        Request a Call-back

          Request a Call-back

            Youth Sponsorship Application

              Which type of fund is right for me?

              Complete this questionnaire to see what type of fund might be the most tax effective for your circumstances. Please note, this is just a guide and we recommend you seek professional tax advice.

              Are you investing as an individual or trust?
              Other investor types should seek professional tax advice.


              Is your tax return completed by a tax adviser or accountant?

              Can you reasonably estimate your own annual income?

              What is your total income from all sources (including PIE income)?

              YOUR RESULTS

              Contact Us



              Do you distribute all annual income to beneficiaries?

              Do all Trusts beneficiaries earn more than $48K from all sources (including PIE income)?

              YOUR RESULTS

              Contact Us

              Disclaimer – This tool is intended to provide general guidance only. This tool does not take into account your particular financial situation, objectives or goals.

              There are alternative strategies which may provide better outcomes, we recommend you seek independent advice before making any investment decision. If you have completed this guide and wish to discuss this, we recommend you seek professional tax advice.