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
CMLS Mortgage Fund Presentation - Q4 2018
CMLS Mortgage Fund Short Deck Q4 2018
CMLS Mortgage Fund Pitch Book - Q4 2018
CMLS Mortgage
Fund Facts Q4
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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
6.41%
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 December 31st, 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
59%

Current Portfolio of Mortages

59%

Loan-to-value

1.62%

Weighted average term
to maturity (years)

31

Number of loans

Property Type

Property Type Property Type
1.8% Senior Housing
3.1% Mixed Use
5.4% Office
7.1% Land
16% Cash
17.5% Retail
29% Single Family
16.2% Multi Family

Geography

Geography Geography
0.9% Saskatchewan
0.9% Manitoba
7.2% Nova Scotia
13.1% Alberta
12.2% Quebec
16.4% British Columbia
49.1% Ontario

Priority

Priority Priority
48% First
16% Junior First
36% Second

Notes: Data as of December 31st, 2018