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CMI MIC Funds

Mortgage Investments is our individual, whole mortgage investment program for high-net-worth investors looking to invest in a single mortgage. MIC funds, on the other hand, are a portfolio solution of mortgage assets. Investor’s capital is pooled in a fund that holds multiple similar mortgages, making them a lower risk option than investing in one of our individual mortgage investment products due to the inherent asset diversification with these funds.

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                  Targeting compelling returns

                  CMI MIC Funds provide investors with access to Canada’s historically strong real estate market through diversified, well-managed portfolio solutions that focus on capital preservation while targeting sustainable, attractive returns. Historically, our three different MICs – CMI MIC Prime Mortgage Fund, CMI MIC Balanced Mortgage Fund and CMI MIC High Yield Opportunity Fund have yielded net annual returns of 6 – 11%, while our MIC managers have maintained a loan loss rate of less than 1% since inception.

                  Portfolios designed for a variety of investment objectives

                  The CMI MIC Funds are designed to meet the needs of investors across a broad range of investor profiles. Our portfolios invest primarily in first and second residential mortgages in traditionally strong, stable real estate markets across Canada.

                  Managed by a team of experienced mortgage and investment professionals, these funds are well-diversified across geographic regions, borrower and mortgage types, all of which are 100% secured by collateralized real estate. Overhead and carrying costs are kept to a minimum in order to lower fees and maximize returns for investors.

                  As the fund manager, CMI is focused on achieving consistent, appreciable returns for all three of our MICs through active and prudent investment management practices over the long term.

                  We offer three distinct MIC funds to meet the needs of investors.

                  Prime Mortgage
                  Fund
                  Balanced Mortgage Fund
                  High Yield Opportunity Fund
                  Invests in
                  Primarily first mortgages to minimize volatility
                  First and second mortgages
                  Primarily second mortgages
                  Average Loan-to-Value (LTV) cap
                  65%
                  75%
                  85%
                  Investor Risk Profile
                  Conservative
                  Moderate
                  Aggressive
                  Target Annual Return
                  6 – 7%
                  8 – 9%
                  10 – 11%
                  Dividends Paid
                  Monthly
                  Monthly
                  Monthly
                  Registered Plan Eligible
                  Yes
                  Yes
                  Yes
                  Fund Codes
                  Series A
                  Series F

                  321
                  322

                  301
                  302

                  311
                  312

                  Management Fee
                  1%
                  1%
                  1%

                  CMI MIC Prime Mortgage Fund

                  The CMI MIC Prime Mortgage Fund is designed to generate a net annual return of 6 – 7%. This fund invests primarily in first mortgages and is the most conservative of our three MIC Funds. All investments are strictly in residential mortgages.

                  Learn more about CMI MIC Prime Mortgage Fund and read our Fund Fact Sheet and Monthly Reports.

                   

                  Key Facts

                  • Inception July 2020
                  • Redemptions Quarterly
                  • Registered Plan Eligible Yes
                  • AUM $3.70 Million
                  • Management Fee 1%
                  • Fundserv codes Class A: CCI 321 Class F: CCI 322

                  CMI MIC Balanced Mortgage Fund

                  The CMI MIC Balanced Mortgage Fund provides a passive investment opportunity with a diversified pool of first and second mortgages targeting an 8 – 9% annual return.

                  This MIC focuses on selecting high-yield, short-term mortgages that do not exceed 75% LTV.

                  Learn more about CMI MIC Balanced Mortgage Fund and read our Fund Fact Sheet and Monthly Reports.

                  Key Facts

                  • Inception July 2015
                  • Redemptions Quarterly
                  • Registered Plan Eligible Yes
                  • AUM $122 Million
                  • Management Fee 1%
                  • Fundserv codes Class A: CCI 301 Class F: CCI 302

                  CMI MIC High Yield Opportunity Fund

                  The CMI MIC High Yield Opportunity Fund invests primarily in higher-yield, short-term second mortgages that do not exceed 85% LTV. It targets a net annual return of 10 – 11%.

                  The Fund mitigates risk by investing in a diversified pool of real estate properties that are 100% secured by collateralized real estate.

                  Learn more about the CMI MIC High Yield Opportunity Fund and read our Fund Fact Sheet and Monthly Reports.

                  Key Facts

                  • Inception October 2019
                  • Redemptions Quarterly
                  • Registered Plan Eligible Yes
                  • AUM $40.48 Million
                  • Management Fee 1%
                  • Fundserv codes Class A: CCI 311 Class F: CCI 312
                  CMI-MICWebsite--BodyImage-Houses

                  Why Invest With CMI

                  When you invest with CMI, you can rely on our extensive experience in the mortgage industry, which has historically produced consistent and appreciable returns through our prudent underwriting and due diligence processes. Our MIC funds emphasize capital preservation and diversification while targeting attractive, consistent returns over the long term.

                  Our experienced management team oversees each of our three MIC funds, managing all aspects of our operation from asset selection to administration and mortgage servicing. As a result of this careful monitoring, the CMI MIC Fund managers have a loan loss rate of less than 1% since inception.

                  Shares in our CMI MIC Funds are offered via registered securities dealers and issued contingent upon the investor qualifying. Minimum investment: $5,000. Investments can be made in cash or registered funds via a qualified trustee. CMI MIC Funds offer penalty free redemptions after 12 months, redemptions are processed quarterly with 30 days’ notice

                  CMI MIC Funds Targeting stable, consistent returns

                  Investors today face the tough challenge of navigating a volatile equity market and a historically low interest rate environment. To offset these obstacles, investors are increasingly exploring alternative investment options such as MICs, which capitalize on Canada’s attractive real estate market.

                  As regulated financial institutions continue to tighten mortgage lending guidelines and credit availability, the private lending market will increase in volume, as will the availability of quality mortgages for MICs.

                  Contact Us

                  Contact us for more information on our MIC funds or to book an appointment with one of our
                  Investment Professionals.

                    Thanks for contacting us! We will get in touch with you shortly.

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