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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 Manager | Antrim Investments Ltd. |
| Asset Class | Mortgage Investment Corporation |
| Inception Date | June 2007 |
| Minimum Investment | $1,000 (1000 Shares) |
| Redemptions | T+2 (See Offering Memorandum for Redemption Restrictions) |
| Eligibility | RRSP/RRIF/TFSA/RESP/RDSP/DPSP |
| FundSERV Codes | Series B – ABM102, Series C (F-Class) – ABM103 |
| DRIP Eligible | Yes |
| Quarterly Distribution | 8.5% |
Portfolio Composition
| Cash Available Via Line of Credit | $50,000,000 |
| Mortgage Investments | 900,000,000 |
| Real Estate Acquired By Foreclosure | $0 |
| Total Assets | 900,000,000 |
| Average Loan Size | $421,000 |
| Number of Loans | 2192 |
| Weighted Average LTV | 59% |
| Weighted Average Term-To-Maturity (Months) | 7 |
| Weighted Average Interest Rate | 9.92% |
| Distribution | Quarterly With Annual Top-Up |
Antrim Investors have experienced No Historical NAV Volatility for the past 25 years.
| Fund Performance | 1 Year | 3 Years | 5 Years | 10 Years |
|---|---|---|---|---|
| Series C | 7.64% | 6.67% | 6.66% | 6.70% |
| Series B | 6.64% | 5.66% | 5.66% | 5.70% |
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.
| Series B | Series C (F-Class) | |
|---|---|---|
| Fund Code | ABM102 | ABM103 |
| Min Purchase | $1,000 | $1,000 |
| Settlement Period | T+2 | T+2 |
| Price (Fixed) | $1.00 | $1.00 |
| Trailer | 1% | N/A |
| Commissions | No Load | No Load |
| Management Fee (Includes Trailer) | 2% | 1% |
| Performance Fees | No | No |
| RRSP Eligible | Yes | Yes |
| TFSA Eligible | Yes | Yes |
| RESP Eligible | Yes | Yes |
| RDSP Eligible | Yes | Yes |
| DRIP | Yes | Yes |
| Eligible Investors | Yes | Yes |
| Accredited Investors | Yes | Yes |
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.
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
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 Manager | Antrim Investments Ltd. |
| Asset Class | Mortgage Investment Corporation |
| Inception Date | June 2007 |
| Minimum Investment | $1,000 (1000 Shares) |
| Redemptions | T+2 (See Offering Memorandum for Redemption Restrictions) |
| Eligibility | RRSP/RRIF/TFSA/RESP/RDSP/DPSP |
| FundSERV Codes | Series B – ABM102, Series C (F-Class) – ABM103 |
| DRIP Eligible | Yes |
| Quarterly Distribution | 8.5% |
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 Composition
| Cash Available Via Line of Credit | $50,000,000 |
| Mortgage Investments | 900,000,000 |
| Real Estate Acquired By Foreclosure | $0 |
| Total Assets | 900,000,000 |
| Average Loan Size | $421,000 |
| Number of Loans | 2192 |
| Weighted Average LTV | 59% |
| Weighted Average Term-To-Maturity (Months) | 7 |
| Weighted Average Interest Rate | 9.92% |
| Distribution | Quarterly With Annual Top-Up |
Antrim Investors have experienced No Historical NAV Volatility for the past 25 years.
| Fund Performance | 1 Year | 3 Years | 5 Years | 10 Years |
|---|---|---|---|---|
| Series C | 7.64% | 6.67% | 6.66% | 6.70% |
| Series B | 6.64% | 5.66% | 5.66% | 5.70% |
This document does not constitute an offer or solicitation to sell or purchase any securities. The securities described herein are offered on a private placement basis and available for purchase only under an offering memorandum and in those jurisdictions, and to those persons, where, and to whom, they may be lawfully offered for sale. Please read the offering memorandum before investing. Management fees and expenses are associated with an investment in Antrim Balanced Mortgage Fund Ltd. An investment in Antrim Balanced Mortgage Fund Ltd. is not guaranteed and past performance may not be repeated.
* 2012–2024 returns relate to Antrim Balanced Mortgage Fund Ltd., Class B, Series C (F Class).
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.
| Series B | Series C (F-Class) | |
|---|---|---|
| Fund Code | ABM102 | ABM103 |
| Min Purchase | $1,000 | $1,000 |
| Settlement Period | T+2 | T+2 |
| Price (Fixed) | $1.00 | $1.00 |
| Trailer | 1% | N/A |
| Commissions | No Load | No Load |
| Management Fee (Includes Trailer) | 2% | 1% |
| Performance Fees | No | No |
| RRSP Eligible | Yes | Yes |
| TFSA Eligible | Yes | Yes |
| RESP Eligible | Yes | Yes |
| RDSP Eligible | Yes | Yes |
| DRIP | Yes | Yes |
| Eligible Investors | Yes | Yes |
| Accredited Investors | Yes | Yes |
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.
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