FIRST MORTGAGE MANAGERS LIMITED

Community Sentiment

Public discussion about First Mortgage Managers Limited KiwiSaver is extremely limited, with no identifiable community conversations found on platforms like Reddit and no recent media coverage specific to the provider. The most substantive information comes from comparison tools such as Sorted's Smart Investor, which indicates that while the fund's returns marginally exceed the sector average, its fees are considerably higher than comparable KiwiSaver funds. The provider positions itself as a specialist in New Zealand property lending with a long operating history, though its narrow asset mix and above-average fee structure are likely to draw scrutiny from cost-conscious investors.

• The fund charges fees well above the KiwiSaver sector average, which could meaningfully erode long-term retirement savings relative to cheaper alternatives.
• Returns have been reported slightly above the sector average for comparable funds, offering a marginal performance advantage over peers.
• The fund's investment strategy is almost entirely focused on first mortgage property loans in New Zealand, offering very limited diversification compared to typical KiwiSaver growth or balanced funds.
• The provider has operated for around 30 years in the New Zealand property lending market, which may appeal to investors seeking a manager with a long-established domestic track record.
• There is virtually no organic community discussion about this provider on investor forums or social media, suggesting it has a low public profile among everyday KiwiSaver members.