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UMC Financial Management Inc. > Investing > UMC Mutual Fund Trust

UMC Mutual Fund Trust

UMC mortgage investments are first mortgage loans made to commercial borrowers to finance the purchase, renovation, or construction of commercial properties.

Here are some examples of projects financed:

  • Multi-family
  • Office buildings
  • Strip malls
  • Hotels
  • Restaurants
  • Raw land
  • Warehouses

Borrowers choose UMC over banks, credit unions, and other private lenders due to the high level of service, faster approval process, and reasonable interest rates.  Investors in the UMC Mutual Fund Trust enjoy holding a diversified mortgage portfolio that has funded many different projects with a variety of borrowers in diverse locations.

Fund Summary
Portfolio
Performance
Documents
How to Invest
Fund Type Open-ended pooled mortgage fund
Date of Inception December 5, 2012
Assets Under Management (AUM)1 $240,854,233.90
Eligibility Non-registered, RRSP, RRIF, TFSA
Unit Value $1.00
Minimum Investment No Minimum Investment
Redemption restrictions None2
Distribution frequency Monthly
Management Fee 0.60% of AUM per year
Number of mortgages 47
Priority of security First position
Average term to maturity 4 months
Average loan-to-value (LTV) 75%

1 – As of December 31, 2023.

2 – Units may be redeemed at any time; however, payment in cash may be delayed subject to cash availability.

PORTFOLIO METRICS3

Number of Investments – 42

Assets Under Management – $240,854,233.90

Asset Class

Project Type % Total Assets
Residential 34.04%
Hotel/Motel 25.31%
Raw Land 23.42%
Commercial/Industrial 4.63%
Gas Station 1.66%
Retail 0.83%
Non-Mortgage Assets 10.11%
Total 100.00%

GEOGRAPHIC REGION

Location by Province % Total Assets
Alberta 66.37%
Nunavut 12.33%
British Columbia 6.44%
Northwest Territories 4.75%
Non-Mortgage Assets 10.11%
Total 100.00%

All reported returns are net of fees.

FUND REPORTS

Introduction to UMC Mutual Fund Trust – PDF

FINANCIAL STATEMENTS

Audited Financial Statements – PDF

More information about how to invest in the UMC Mutual Fund Trust:

  • Investment relies on the Accredited Investor exemption for individuals, corporations, and registered charities.
  • To qualify as an individual:
    • An individual who has a before tax income of over $200,000 for at least two years in a row ($300,000 if combining income with a spouse) and expects to exceed that income the current calendar year.
    • An individual, alone or with a spouse, who has net assets of more than $5 million.
    • An individual who, either alone or with a spouse, beneficially owns aggregate financial assets of more than $1,000,000, before taxes but net of any related liabilities.
    • A person registered in Canada, under securities legislation, as a dealer or an adviser.
  • To qualify as an entity:
    • A registered charity under the Income Tax Act that has obtained advice from an eligibility adviser or an adviser registered under the securities legislation of the jurisdiction of the registered charity to give advice on the securities being traded.
    • A corporation that has net assets of at least $5,000,000 as shown on its most recently prepared financial statements.
    • A corporation where all the owners of interests, direct, indirect, or beneficial, except the voting securities required by law to be owned by directors, are all accredited investors.  The directors’ qualifications as accredited investor(s) are:
      • Net financial assets, alone or with a spouse, in excess of $1,000,000.
      • Individual income of over $200,000 per year in each of the two previous calendar years; or combined income with a spouse of over $300,000 in each of the previous two calendar years.

HOW TO INVEST

Units of the Trust may be purchased through a registered Investment Advisor from UMC Financial.  To purchase units, please contact Clement Lavoie:

Registered Investment Advisor