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Over 40 years, 10,000 customers and
10 billion in assets under administration.
A dedication to Customer Forward.

CANADA’S MORTGAGE COMPANY

  • 6.45%

    Annualized return since inception1, 2

Objective

The CMLS Mortgage Fund (the "Fund") was created with the investment objective of providing a recurring distribution to unit holders by investing in a diverse portfolio of private mortgages secured by tangible real estate located in Canada. The Fund is structured to allow investors to purchase or redeem units on a monthly basis, subject to available funds3.

Strategy & Investment Approach

The Fund's investment strategy is concentrated on investing in higher yielding cash flowing commercial mortgages and non-prime single-family residential mortgages secured against real estate located in primary and secondary markets across Canada. Our view is that we can earn attractive risk-adjusted returns by concentrating on asset classes within urban centers that are underserved by the larger financial institutions.

Specifically, our objectives are:

  1. Diversify exposure across geography with a concentration on primary or secondary markets;
  2. Diversify exposure by asset class;
  3. Invest primarily in shorter-term mortgages.

Fund Manager

CMLS Asset Management Ltd. is a regulated Exempt Market Dealer, Investment Fund Manager and Restricted Portfolio Manager wholly owned by CMLS Financial Solutions Inc. and affiliated with CMLS Financial Ltd. Investors can take comfort in the fact that we are managed by securities professionals and are accountable for acting in good faith and the best interests of investors.

CMLS Financial Ltd. is a non-bank mortgage lender with over $18 billion of mortgage under administration.

Fund Summary

Fund Manager

CMLS Asset Management Ltd.

Asset Class

Open-ended unincorporated trust

Inception Date

May 2008

Minimum Investment

$25,000 (subsequent investments: $2,500)

Redemptions

Anytime after one year (15 days' notice required. Subject to 1% retraction penalty if redeemed within 1st year)

Eligibility

RRSP / RRIF / TFSA / RESP / RDSP

FundSERV Codes

Not applicable

DRIP Eligible

Yes

Fund Assets

$11,261,0001

Footnotes: 1 Figures are as at March 31, 2017.
2Annulized return on Class I units, net of management and administrative fees assuming distributions have been reinvested.
3 Redemptions are subject to available cash and subject to a 1% retraction penalty if redeemed within the 1st year.