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What is First Mortgage PIE Trust?

First Mortgage PIE Trust is a managed investment fund, not a term deposit, not a bank account, not a new institution to deal with.  It invests in NZ first registered mortgages and has been doing so since 1996, with a clear objective: returns at least 1% p.a. above the average 12-month term deposit rate offered by NZ's four main banks.

It lives inside your Emerge Business account. One login, one place to see your business cash alongside your First Mortgage PIE Trust balance. No paperwork, no separate relationship to manage, no fixed lock-in period forcing a decision at the wrong time.

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FMT Returns vs Bank Term Deposits

This graph shows the historical annualised pre-tax (after fees & expenses) quarterly distribution rate for the First Mortgage Trust Group Investment Fund (which the First Mortgage PIE Trust invests in) 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 are subject to change and are not guaranteed. The First Mortgage PIE Trust  has more risk than a bank term deposit, and there are other important differences to consider. We recommend seeking financial advice.

Ready to start investing?

Start from $500, inside the Emerge app.
First Mortgage Managers Ltd is the issuer.  Read the PDS at fmt.co.nz.

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