The Fund’s investment strategy is to preserve capital and provide investors with an attractive recurring distribution by investing in mortgages secured by commercial and single-family residential real estate.

Investment Strategy

Invest in less competitive markets and/or asset classes
Diversify risk by investing in a broad selection of mortgages
Use data-driven insights from our proprietary technology to minimize credit risk and manage exposure

Download Documents

CMLS Mortgage Fund Overview - Q3 2018
CMLS Mortgage Fund Presentation - Q3 2018
CMLS Mortgage Fund Short Presentation Q3 2018
CMLS Mortgage Fund Pitch Book - Q3 2018
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The CMLS Mortgage Fund

FUND INCEPTION
2008
Eligibility
Offering Memorandum / Accredited Investors / Minimum Investment
MINIMUM INVESTMENT
$25,000
DISTRIBUTION
Monthly
10 YEAR HISTORICAL AVG. RETURN
6.45%
Provinces registered
BC, AB, ON, QC, NB, NS
Securities Offered
Class A, B, F and I units
Distribution Reinvestment
Available through a Distribution Reinvestment Plan
Fundserv Code
CLS
Registered Status
RRSP, TFSA, RRIF, RESP, RDSP eligible

Notes: Under the Dividend Reinvestment Plan investors may elect to reinvest any and all cash distributions received. Refer to the Offering Document and Subscription Package for more information.

Portfolio-level Guidelines

Current Asset Class Exposure


Notes: Data as of June 30, 2018

Investment Policy Snapshot

Asset sub-class
Commercial & single-family mortgages
Concentration limits
10% to any entity
Max loan size
10% of fund assets
Target duration
1-3 years
Target loan to value
65%

Current Portfolio of Mortages

59%

Loan-to-value

1.74

Weighted average term
to maturity (years)

31

Number of loans

Property Type

Property Type Property Type
3% Senior Housing
5% Mixed Use
9% Office
10% Land
18% Retail
24% Single Family
31% Multi Family

Geography

Geography Geography
1% Saskatchewan
1% Manitoba
3% Nova Scotia
9% Alberta
16% Quebec
17% British Columbia
53% Ontario

Priority

Priority Priority
25% Second
27% Junior First
48% First

Notes: Data as of June 30, 2018