|Fund Type||Open-Ended pooled mortgage fund|
|Inception||January 1, 2013|
|Eligibility||RRSP, RRIF, DPSP, RDSP, RESP, TFSA, IPP|
|Purchase||T + 2|
|Redemption||T + 20, subject to 1% retraction penalty if redeemed within 1st year.|
|Incentive Fee||10% of Net Operating Income|
|Target Return||8.85% per annum|
|Manager||Trez Capital Fund Management Limited Partnership|
|Manager AUM||CAD $3.5 billion|
|Fund AUM||$167,429,204 USD|
|Number of Loans||79|
|Weighted Average LTV||66.6%|
|Weighted Average Term-to-Maturity (Months)||12.2|
Texas - Other
United States - Other
|2019 YTD||1 Year||3 Year||5 Year||Since Inception|
|Trez Capital Yield Trust US
1 I Series returns are reported as F Series returns, plus 35bps to account for the reduction in management fee. To discuss eligibility, please contact Trez Capital Fund Management Limited Partnership.
2 Due to the inception of the fund in January 2013, the return for 2013 is an annualized return.
Trez Capital Yield Trust US distributes 100% of its net income annually. Unitholders receive quarterly distributions at a rate of 2.0% on Series I units, payable fifteen days following each calendar quarter end. Distributions are paid in the currency of the units denomination. All residual income attribuable to each unit series is distributed by way of an annual top-up distribution, which is paid in mid-March following the conclusion of the annual audit of the Trust.
In 2019, Trez Capital moved from quarterly to monthly distributions.
|Year||Series||Jan||Feb||Mar||Apr||May||Jun||Jul||Aug||Sep||Oct||Nov||Dec||Top-up1||YTD Distribution||Annualized DRIP Return3|
|Year||Series||Q1||Q2||Q3||Q4||Total Quarterly Distribution||Top-up1||Annual Distribution||Annualized DRIP Return3|
1 Based on a weighted average return to Unitholders, this amount is an estimate of the average top up distribution paid. Those invested for less than a full one year period will receive a prorated allocation, and those invested in the dividend reinvestment plan will receive a slightly higher top up due to the effects of compounding.
2 I Series returns are reported as F Series returns, plus 35bps to account for the reduction in management fee. To discuss eligibility, please contact Trez Capital Fund Management Limited Partnership.
3 This return is based on all distributions throughout the year being re-invested into the fund. This is a compounded return from the distribution re-investment program.
|Record Date||Expected Pay Date|
|January||January 31||February 7|
|February||February 28||March 8|
|March||March 31||April 9|
|April||April 30||May 9|
|May||May 31||June 7|
|June||June 30||July 9|
|July||July 31||August 9|
|August||August 31||September 9|
|September||September 30||October 8|
|October||October 31||November 8|
|November||November 30||December 9|
|December||December 31||January 8|
|Annual Top Up||December 31||March 17|
Note: Distributions are taxed in the year that they are earned. T3 slips are distributed to all unitholders in March of each year following completion of the year end audit and payment of the annual top-up distribution.
|Management Fee||Percentage negotiated by the Manager and the Unitholder of the Average Annual Gross Assets of the I Series units.|
|Incentive Fee||10% of the Net Income for each unit series after deduction of the Management fee.|
Institutional Investors form a core part of our investor base. As investors seek ways to diversify away from equities and traditional fixed income to both enhance income while mitigating risks, alternative investments such as private mortgage pools provide for an attractive solution.
To learn more about our private mortgage pools for institutional clients please contact: