A Simpler Approach To Investing Investor Presentation
PORTFOLIO COMPOSITION
GEOGRAPHIC
COMPOSITION
MORTGAGE
MATURITY
PORTFOLIO LTV
&
AVERAGE
EXPOSURE PER
LOAN
▪ 100% of the mortgage portfolio is secured against residential real estate
▪ The fund concentrates predominantly on second mortgages that have higher LTVs than our other funds, but at much smaller
mortgage sizes with shorter terms
Data as of 30 June 2023.
1) Total value of mortgages in the portfolio, excludes cash balance. 9
Position # Files Total Value1 LTV Average
Exposure
Average
Yield
First Mortgages 1 $0.11 M 59.0% $112,638 12.75%
Second Mortgages 295 $14.53 M 74.2% $49,245 15.66%
Other 47 $2.53 M 67.3% $53,788 14.89%
TOTAL MORTGAGES 343 $17.17 M 73.1% $50,053 15.53%
39.5%
21.6%
38.9%
ON
BC
AB 51.0%44.4%
4.6%
1 Year or Less
1 to 2 Years
Over 2 YearsView entire presentation