The First Mortgage Trust Group Investment Fund is a managed investment fund that invests into loans backed by first mortgages over land & buildings,and also invests in cash deposits at registered banks to maintain liquidity.
The investment objective is to provide investors with an income return at a level better than bank deposits.
For 30 years the FMT GIF has been offering consistent returns to investors. In all that time we haven’t missed a quarterly distribution payment, and we’ve never lost a cent of investor capital — not during the GFC or during the Covid-19 pandemic.
While past performance is not a reliable indicator of future performance, this is something that we’re very proud of, and that we’re committed to maintaining.
*Past performance is not a reliable indicator of future performance.
| Minimum investment | $500 |
| Investment term | No fixed term Min. 2 years recommended |
| Distributions | Quarterly |
| Distribution options | Paid out or reinvested |
The FMT GIF has a risk indicator of 1 — the lowest category. This does not mean it is risk-free. See the PDS for more information.
| Management fee | 1.65% incl. GST |
| Upfront fees | None |
| Withdrawal fee Early withdrawal fees may apply in the first two years |
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Subject to change.
Pre-tax annualised return for the quarter ending 31 March 2026.
Past performance is not a reliable indicator of future returns. Returns are not guaranteed.
Each quarter we distribute returns to our investors. Read our latest newsletter for a full update from our CEO, market insights, and our investment portfolio breakdown.
Read our latest newsletter
This graph shows the historical annualised pre-tax (after fees & expenses) quarterly distribution rates for the First Mortgage Trust Group Investment Fund versus the average 12-month bank term deposit rate since 2017.
Data as at March 2026. Term Deposit data from the Reserve Bank of New Zealand (RBNZ). Past performance is not a reliable indicator of future performance. Returns are subject to change and are not guaranteed.
Both funds invest into the same pool of first mortgage loans. The key difference is how tax is applied. If you're unsure which is right for your circumstances, we recommend speaking with a tax adviser.
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Open to all New Zealand investors. Tax is paid at your personal income tax rate. Generally better suited if your Prescribed Investor Rate (PIR) is below 28%.
| Tax treatment | Personal income tax rate |
| Minimum investment | $500 |
| Best suited for | PIR below 28% |
This is general information only. We recommend seeking professional tax advice to determine which fund is most appropriate for your circumstances.
Our conservative approach to lending means we've been able to provide investors with consistent returns for 30 years.
Your investment is spread across cash and the whole mortgage portfolio — giving more diversified exposure to the property market than investing in a single property loan.
The GIF is monitored by Trustees Executors Ltd and the PIE Trust by Public Trust. Both funds are audited annually by KPMG.
Start with just $500 and access your funds when you need them. Make additional contributions whenever it suits you.
Everything you need to get started is included.
Download our Investor PackOur investment team are happy to answer any questions and help you find the right fund for your circumstances.
Talk to usComplete 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.
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.