CFML Mortgage Fund 

  Residential First Mortgages  


  Conrad Funds Management Limited  


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 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 June 2019 Quarter were 5.10% p.a. (past performance is not an indicator of future performance)
  • Ultimately invests into New Zealand residential first-ranking mortgages
  • Fund Assets of $24,689,000 NZD (June 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:

*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:
Scheme Description:Conrad Investment Scheme (SCH12556)
Offer Number:OFR12557
Fund Number:FND12657
ISIN Number:NZ000A2JD2P6
Supervisor:Covenant Trustee Services Limited
Auditor:Ernst & Young (EY)
Structure:Portfolio Investment Entity (PIE)

Conrad Funds Management Limited
Issue Name:
CFML Mortgage Fund
Managed Investment Scheme
Market Type:
Residential First Mortgages

isEOI: false


Investment Type:Retail

Total Units/Shares:Open Fund

Min Investment Units/Shares:20000

Min Investment Value:NZD 20,000.00

Par Value:NZD 1.00

Establishment Date: 8 February 2018

Financial Year End:

Market Snapshot

Last Traded Value: 

Last Traded Price:NZD .00

Last Traded Quantity:

Last Traded Date:


Document Name Description Date Uploaded
Mortgage Fund Flyer - 30 June 2019 Mortgage Fund Flyer - 30 June 2019 16 August 2019 Preview/Download
Fund Update CFML Mortgage Fund QR ending 30 June 2019 Fund Update CFML Mortgage Fund QR ending 30 June 2019 16 August 2019 Preview/Download
Fund Update CFML Mortgage Fund QR ending 31 Mar 2019 Fund Update CFML Mortgage Fund QR ending 31 Mar 2019 5 June 2019 Preview/Download
Product Disclosure Statement - CFML Mortgage Fund July 2019 CFML Mortgage Fund - Product Disclosure Statement July 2019 16 August 2019 Preview/Download
Fund Source - CFML Mortgage Fund March 2019 Qualitative Funds Research - Fundsource March 2019 (Disclaimer: This report is intended for New Zealand clients residing in New Zealand only and must not be accessed or viewed by any person or entity outside of New Zealand.) 11 April 2019 Preview/Download
Quarterly Update - 31 Dec - CFML Mortgage Fund CFML Mortgage Fund Quarterly Report Dec 2018 1 April 2019 Preview/Download
Offer of Units in CFML Mortgage Fund - Other Material Information March 2019 Other Material Offer Information March 2019 7 April 2019 Preview/Download
Zoom: 14

Conrad Funds Management Limited

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Secondary Market - CFML Mortgage Fund

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