Fund Facts


Increasing empirical evidence suggests that portfolios simply comprised of Cash Equivalents, Common Stock, and Corporate Bonds are not fully diversified.

      The fundamental objective of the Fund is to preserve capital while generating a steady stream of interest income. This is achieved by investing in a diversified portfolio of residential first and second mortgages in major centers of Canada.

      Target asset allocation is 75% in residential first mortgages and 25% in residential 2nd mortgages.
      Maximum loan-to-value is 75% at time of funding.

      Fund Summary

      Fund ManagerAntrim Investments Ltd.
      Asset ClassMortgage Investment Corporation
      Inception DateJune 2007
      Minimum Investment$1,000 (1000 Shares)
      RedemptionsT+2 (See Offering Memorandum for Redemption Restrictions)
      EligibilityRRSP/RRIF/TFSA/RESP/RDSP/DPSP
      FundSERV CodesSeries B – ABM102, Series C (F-Class) – ABM103
      DRIP EligibleYes
      Fund Assets (06/30/2021)$763,000,000

      Portfolio Composition (06/30/2021)

      Cash Available Via Line of Credit$90,000,000
      Mortgage Investments$763,000,000
      Real Estate Acquired By Foreclosure$0
      Total Assets$763,000,000
      Average Loan Size$429,000
      Number of Loans1776
      Weighted Average LTV60%
      Weighted Average Term-To-Maturity (Months)7
      Weighted Average Interest Rate7.16%
      DistributionQuarterly With Annual Top-Up

      Antrim Investors have experienced No Historical NAV Volatility for the past 25 years.

      Fund Performance1 Year3 Years5 Years10 Years
      Series C7.01%6.93%6.84%
      Series B6.01%5.93%5.84%6.08%

      Historic Returns Series B

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      Historic Returns Series C (F-Class)

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      Increasing empirical evidence suggests that portfolios simply comprised of Cash Equivalents, Common Stock and Government Bonds are not fully diversified. Data indicates that Mortgage Investment Corporations MICs) have similar historical returns to equity indices with lower standard deviation. Furthermore, MIC returns also appear to have low levels of correlation with government and corporate bond returns. The low correlation between other asset classes indicate that significant diversification benefits would result from including MIC investments in client portfolios.

      Portfolio Update

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      Financial Statements

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       Series BSeries C (F-Class)
      Fund CodeABM102ABM103
      Min Purchase$1,000$1,000
      Settlement PeriodT+2T+2
      Price (Fixed)$1.00$1.00
      Trailer1%N/A
      CommissionsNo LoadNo Load
      Management Fee (Includes Trailer)2%1%
      Performance FeesNoNo
      RRSP EligibleYesYes
      TFSA EligibleYesYes
      RESP Eligible YesYes
      RDSP EligibleYesYes
      DRIPYesYes
      Eligible InvestorsYesYes
      Accredited InvestorsYesYes
      Eligible Provinces

      BC, AB, SK, MB, ON, QC, NB, NS, PEI, NL, NU, NT, YK

      Purchases

      FundSERV with completed Subscription Agreement. Email completed forms within 3 business days of
      placing trade on FundSERV to trades@antriminvestments.com.

      FundSERV

      ABM 102,103
      Complete the Subscription Agreement, enter the BUY on FundSERV and email or fax
      the forms within 3 business days to our office at trades@antriminvestments.com.

      TSX NAVex

      ABMFF
      Complete the Subscription Agreement, enter the BUY on your equity trading platform
      and email or fax the forms within 3 business days to our office at trades@antriminvestments.com.

      NEO Connect

      ABMBN, ABMFN
      Complete the Subscription Agreement, enter the BUY on your equity trading platform
      and email or fax the forms within 3 business days to our office at trades@antriminvestments.com.

      For any assistance in filling out the Subscription Agreement or if you have any
      questions in submitting your transaction, please contact our office:
      Advisor Relations:
      T: 604.530.2301
      TF: 888.550.6039
      advisor@antriminvestments.com
      Monday to Thursday, 9:00am to 5:00pm
      Friday, 9:00am to 4:30pm

The fundamental objective of the Fund is to preserve capital while generating a steady stream of interest income. This is achieved by investing in a diversified portfolio of residential first and second mortgages in major centers of Canada.

Target asset allocation is 75% in residential first mortgages and 25% in residential 2nd mortgages.
Maximum loan-to-value is 75% at time of funding.

Fund Summary

Fund ManagerAntrim Investments Ltd.
Asset ClassMortgage Investment Corporation
Inception DateJune 2007
Minimum Investment$1,000 (1000 Shares)
RedemptionsT+2 (See Offering Memorandum for Redemption Restrictions)
EligibilityRRSP/RRIF/TFSA/RESP/RDSP/DPSP
FundSERV CodesSeries B – ABM102, Series C (F-Class) – ABM103
DRIP EligibleYes
Fund Assets (06/30/2021)$763,000,000

Examples of 1st Mortgages held in the pool

West Vancouver, British Columbia / Single Family Residence
Investment

First Mortgage

Interest Rate

7.95% Compounded Monthly

Mortgage Amount

$798,750

Loan to Value

75%

Term

12 Months

Coquitlam, British Columbia / Executive Single Family Residence
Investment

First Mortgage

Interest Rate

7.25% Compounded Monthly

Mortgage Amount

$1,512,000

Loan to Value

66%

Term

12 Months

Calgary, Alberta / Single Family Townhome
Investment

First Mortgage

Interest Rate

7.95% Compounded Monthly

Mortgage Amount

$206,625

Loan to Value

75%

Term

12 Months

Examples of 2nd Mortgages held in the pool

Greater Vancouver, British Columbia / Single Family Residence
Investment

Second Mortgage

Interest Rate

10.5% Compounded Monthly

Mortgage Amount

$80,000.00

Loan to Value

68%

Term

12 Months

Greater Vancouver, British Columbia / Executive Single Family Residence
Investment

Second Mortgage

Interest Rate

10.5% Compounded Monthly

Mortgage Amount

$150,000

Loan to Value

70%

Term

12 Months

Vancouver Island, British Columbia / Single Family Residence on Acreage
Investment

Second Mortgage

Interest Rate

10.5% Compounded Monthly

Mortgage Amount

$132,500

Loan to Value

47%

Term

12 Months

Portfolio tab-2

Portfolio Composition (06/30/2021)

Cash Available Via Line of Credit$90,000,000
Mortgage Investments$763,000,000
Real Estate Acquired By Foreclosure$0
Total Assets$763,000,000
Average Loan Size$429,000
Number of Loans1776
Weighted Average LTV60%
Weighted Average Term-To-Maturity (Months)7
Weighted Average Interest Rate7.16%
DistributionQuarterly With Annual Top-Up

Performance tab-3

Antrim Investors have experienced No Historical NAV Volatility for the past 25 years.

Fund Performance1 Year3 Years5 Years10 Years
Series C7.01%6.93%6.84%
Series B6.01%5.93%5.84%6.08%

This article does not constitute an offer to purchase securities which is made only under an Offering Memorandum available from our office. Please read the Offering Memorandum before investing. Mortgage investments are not guaranteed, their value may fluctuate and past performance may not be repeated.

*2008-2011 returns relate to Antrim Balanced Mortgage Fund Ltd., Class A. 2012-2020 returns relate to Antrim Balanced Mortgage Fund Ltd., Class B, Series C.

Historic Returns Series B

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Historic Returns Series C (F-Class)

download
Research tab-4

Increasing empirical evidence suggests that portfolios simply comprised of Cash Equivalents, Common Stock and Government Bonds are not fully diversified. Data indicates that Mortgage Investment Corporations MICs) have similar historical returns to equity indices with lower standard deviation. Furthermore, MIC returns also appear to have low levels of correlation with government and corporate bond returns. The low correlation between other asset classes indicate that significant diversification benefits would result from including MIC investments in client portfolios.

Download
Analyst Coverage

Portfolio Update

download

Financial Statements

download
Fund Facts tab-5

 Series BSeries C (F-Class)
Fund CodeABM102ABM103
Min Purchase$1,000$1,000
Settlement PeriodT+2T+2
Price (Fixed)$1.00$1.00
Trailer1%N/A
CommissionsNo LoadNo Load
Management Fee (Includes Trailer)2%1%
Performance FeesNoNo
RRSP EligibleYesYes
TFSA EligibleYesYes
RESP Eligible YesYes
RDSP EligibleYesYes
DRIPYesYes
Eligible InvestorsYesYes
Accredited InvestorsYesYes
Eligible Provinces

BC, AB, SK, MB, ON, QC, NB, NS, PEI, NL, NU, NT, YK

Purchases

FundSERV with completed Subscription Agreement. Email completed forms within 3 business days of
placing trade on FundSERV to trades@antriminvestments.com.

Trades tab-6

FundSERV

ABM 102,103
Complete the Subscription Agreement, enter the BUY on FundSERV and email or fax
the forms within 3 business days to our office at trades@antriminvestments.com.

TSX NAVex

ABMFF
Complete the Subscription Agreement, enter the BUY on your equity trading platform
and email or fax the forms within 3 business days to our office at trades@antriminvestments.com.

NEO Connect

ABMBN, ABMFN
Complete the Subscription Agreement, enter the BUY on your equity trading platform
and email or fax the forms within 3 business days to our office at trades@antriminvestments.com.

For any assistance in filling out the Subscription Agreement or if you have any
questions in submitting your transaction, please contact our office:
Advisor Relations:
T: 604.530.2301
TF: 888.550.6039
advisor@antriminvestments.com
Monday to Thursday, 9:00am to 5:00pm
Friday, 9:00am to 4:30pm

Documents tab-7

Fund Facts – NEO Connect

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Fund Facts – FundSERV

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Fund Facts – TSX NAVex

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Subscription Agreement
(Portfolio Manager)

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Subscription Agreement
(BC)

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Subscription Agreement
(AB, ON, QC)

download

Offering Memorandum
(English)

download

Offering Memorandum
(French)

download

Historic Returns – F Class ABM103

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Historic Returns – Series B ABM102

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Financial Statements

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