Skip to main content

Your web browser is out of date. Update your browser for more security,speed and the best experience on this site.

Update your browser

We use cookies to make interactions with our websites and services easy and meaningful, to better understand how they are used and to tailor advertising. By using our website or clicking “ACCEPT”, you are agreeing to our Privacy Policy.

Active Mortgage Fund

Attractive, reliable income returns

The Active Mortgage Fund is an open-ended fund that invests in a well-diversified portfolio of high-quality core and core plus Canadian commercial mortgages with conservative loan fundamentals

Active Mortgage Fund (AMF)

The objective of the Active Mortgage Fund is to deliver a consistent and attractive long-term income stream to investors, with a focus on downside protection and capital preservation. The fund was originally launched as a closed-end fund in December of 2016 and was converted to an open-ended fund, effective January 1st, 2021.

Key Portfolio Characteristics

(As of September 30, 2023)

  • 8.8%

    Average Yield

  • 54.1%

    Loan to value

  • 76%

    First Mortgages

  • 91.7%

    Floating Rate Mortgages

  • <2yr

    Average Loan Term

  • 92%

    Recourse

Performance History

(Annualized Returns as of September 30, 2023)

  • 8.6%

    1-Year

  • 6.8%

    3-Year

  • 6.7%

    5-Year

  • 6.5%

    Since Inception

Benefits of the AMF

Experienced Team

We’ve been managing commercial mortgage portfolios for over 25 years.

Relationship-driven sourcing

>50% of our mortgages are done with repeat borrowers.

Origination fees

Origination fees are directed to the fund to enhance returns.

No loan losses

No loan losses since the inception of the AMF.

Conservative positioning

The average loan-to-value is 54% and 91% of the loans have recourse.

Focus on generating income

Over 99% of the fund’s return is driven by income.

Low interest rate risk

Our focus on variable rate mortgages minimizes interest rate exposure and reduces volatility.

Disciplined and proven underwriting

We’re focused on credit quality and capital preservation.

Stable and attractive long- term returns

The fund has generated a since inception annualized return of 6.5%.

We look forward to working together

Contact us