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 Q2 Firm Overview
CMLS Mortgage Fund Presentation - Q2 2019
CMLS Mortgage Fund Short Deck Q2 2019
CMLS Mortgage Fund Pitch Book - Q2 2019
CMLS Mortgage
Fund Facts Q2 2019
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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
6.34%
Provinces registered
BC, AB, ON, QC, NB, NS, MB
Securities Offered
Class A, B, F and I units
Distribution Reinvestment
Available through a Distribution Reinvestment Plan
Fundserv Codes
Series A : CLS 100
Series B : CLS 102
Series F : CLS 104
Series I : CLS 106
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 28, 2019

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
59%

Current Portfolio of Mortages

65%

Loan-to-value

1.57%

Weighted average term
to maturity (years)

39

Number of loans

Property Type

Property Type Property Type
1.8% Senior Housing
10.2% Mixed Use
2.9% Office
3.6% Industrial
20.5% Retail
35% Single Family
27.9% Multi Family

Geography

Geography Geography
5% Saskatchewan
1% Manitoba
6% Nova Scotia
11% Alberta
8% Quebec
13% British Columbia
60% Ontario

Priority

Priority Priority
46.5% First
35.8% Junior First
17.7% Second

Notes: Data as of June 28, 2019