There are some aspects of this fund which may require extra consideration before deciding to invest.
FMA exemption
Some funds are exempted from the disclosure requirements, so certain information may not be available for these offers. Or the information provided might be in a different form, given the bespoke nature of the offer. Here's more on Financial Markets Authority exemptions.
Financial Markets Conduct (Obsidian Contributory Mortgage Scheme) Exemption Notice 2024
Issuer's description of this product:
This is an offer of interests in Obsidian Contributory Mortgage Scheme (the Scheme). Your money will be invested by Obsidian Group Limited (the Manager) in loans secured by mortgages, which you choose to be in your portfolio. The Manager selects the loans you can choose from to include in your portfolio. The Manager also manages and administers the loans in your portfolio.
Minimum investment
This is the minimum amount you would need to put into this in order to invest.
Closing date
This investment does not have a closing date and is a continuous offer.
Scheme type
This is a property investment scheme, a mortgage scheme.
Key facts
Provider website
Key documents
These are the most important documents that a provider is required to file about this investment.
Product disclosure statement
Before you invest in a product like a fund, you are given a PDS which has essential details about it and the company providing it. Here's more on how to read a PDS.
PDS - 29 April 2021.pdf
How this investment works, including about the provider, risks, costs and potential returns
Additional disclosure documents
These are more documents from the provider that can contain interesting information.
Loans offered by the Scheme.pdf
Loans offered by the Scheme - 31 Dec 2018.pdf
Loans offered by the Scheme - 31 Mar 2019.pdf
Loans offered by the Scheme - 30 June 2019.pdf
Loans offered by the Scheme - 30 Sept 2019.pdf
Loans offered by the Scheme - 31 Dec 2019.pdf
Loans offered by the Scheme - 31 Mar 2020.pdf
Loans offered by the Scheme - 30 June 2020.pdf
Loans offered by the Scheme - 30 September 2020.pdf
Loans offered by the Scheme - 31 Dec 2020.pdf
Loans offered by the Scheme - 31 Mar 2021.pdf
Loans offered by the Scheme - 30 June 2021.pdf
Loans offered by the Scheme - 30 Sept 2021.pdf
Loans offered by the Scheme - 31 Dec 2021.pdf
Loans offered by the Scheme - 31 Mar 2022.pdf
Loans offered by the Scheme - 30 June 2022.pdf
Loans offered by the Scheme - 30 Sept 2022.pdf
Loans offered by the Scheme - 31 Dec 2022.pdf
Loans offered by the Scheme - 31 Mar 2023.pdf
Loans offered by the Scheme - 30 June 2023.pdf
Loans offered by the Scheme - 30 Sept 2023.pdf
Loans offered by the Scheme - 31 Dec 2023.pdf
Loans offered by the Scheme - 31 Mar 2024.pdf
Loans offered by the Scheme - 30 June 2024.pdf
Loans offered by the Scheme - 30 Sept 2024.pdf
Statement of investment policy and objectives (SIPO)
A SIPO tells you where the fund managers are coming from. It sets out the governance and management framework, philosophy, strategies and objectives for this investment.
SIPO Final.pdf
Strategies and objectives for this investment
Additional details
Scheme manager
Name
OBSIDIAN GROUP LIMITED
Type
NZ Limited Company
Website
NZBN
9429041743904
Supervisor
Name
COVENANT TRUSTEE SERVICES LIMITED
Offer details
Date registered
15 June 2018
Date opened
22 June 2018
Date closing
None
Further payments may be required
Yes
Restrictions on transfer
No
Convertible product
No
Intending to list
No
Schedule 1 exemption
No
FMA exemption
Yes: Financial Markets Conduct (Obsidian Contributory Mortgage Scheme) Exemption Notice 2024
Reference numbers
Offer
OFR12429: OBSIDIAN CONTRIBUTORY MORTGAGE SCHEME
Scheme
SCH12428: OBSIDIAN CONTRIBUTORY MORTGAGE SCHEME
Next steps
Want to know more about this investment or how it compares to others? Have a look at its peers.
Product disclosure statement
Take a deeper dive into the PDS, which has essential details about this offer and the company providing it. Here's more on how to read a PDS.
Getting investment advice
Good advice is gold. Everyone can benefit from expert advice, provided the adviser has your interests at heart. Here's how to find one and key questions to ask.
Interested in investing in this offer? Visit the provider's website. obsidiangroup.co.nz