MyFarm Solar Fund vs Norfolk Mortgage Trust Fund

The most material structural difference is asset class and return profile. MyFarm Solar Fund invests in renewable energy infrastructure — specifically solar — and targets "forecast cash distributions of 10-12% p.a., paid quarterly," with a tax-adjusted equivalent cited as "an average 15% p.a. return on a fully taxable investment, from years two to ten, assuming a tax rate of 33%." Norfolk Mortgage Trust Fund is a private credit vehicle secured by first mortgages, targeting returns that "exceed the Six-month term deposit rate (published by the RBNZ) by 1.4% per annum (after the deduction of fees and expenses)" — a floating, benchmark-linked target rather than an absolute figure.

Investor access differs meaningfully. MyFarm Solar is wholesale-only with a $50,000 minimum; Norfolk is open to a broader investor base with a $5,000 minimum and is a PIE structure eligible for PIR tax rates, which MyFarm's IM does not reference. Norfolk discloses a 2.5% management fee; MyFarm's factsheet does not specify a comparable fee figure. Leverage also diverges: MyFarm carries a maximum LVR of 35% against solar assets; Norfolk lends at up to 75% LVR against property security.

Liquidity terms are structurally different. Norfolk requires 183 days' redemption notice and discloses gate provisions triggering at 5% or 20% of units redeemed within three months. MyFarm does not disclose equivalent redemption or gate terms in the extracted facts. Norfolk has operated since 2006 under Public Trust supervision; MyFarm Solar launched in June 2025 with no comparable track record.

Verify all details against each fund's source IM or PDS before relying on this summary.