Amur Capital High Yield Fund Inc. (“ACHYF”)
Private Corporation (MIC) · Residential
Managed by Amur Financial Group
Data as of: March 31, 2026
This review is compiled by WOWA for informational purposes only and is not investment advice, an offer, or a solicitation. Figures are drawn from the manager's published materials as of the dates shown and may change. Returns are historical and do not guarantee future results. Verify all details with the manager or a licensed advisor before investing.
About the fund
Amur Capital High Yield Fund Inc. (ACHYF), founded in 2017, is a residential MIC pursuing a higher-return strategy through smaller, shorter-term, higher-LTV mortgages sourced from affiliated originators Alpine Credits and Sequence Capital. The portfolio is ~99% residential, concentrated in second-position mortgages (~65% by value), with weighted-average LTV near 70%. As of Q1 2026 it managed ~$45M across 676 mortgages, with calendar-year net returns of 13.7–14.0% (2023–2025) and a +12% target for 2026.
At a glance
| Assets under management (AUM) | $45M CAD |
| 2025 return | 13.7% |
| Overall LTV | 70% |
| First mortgages | 0.2% |
| Property focus | Residential (99%) / Commercial (1%) |
| Structure | Private Corporation (MIC) |
| Investor access | Closed to new investors |
Portfolio & performance
The portfolio is composed of residential mortgages (99%) and commercial mortgages (1%).
| Property Type | Share (%) |
| Residential | 99% |
| Commercial | 1% |
Amur Capital High Yield Fund Inc. (“ACHYF”) has a focus on Ontario, with 37% of its mortgages located in Ontario, followed by BC (35%), Alberta (28%).
| Province/Region | Share (%) |
| Ontario | 37% |
| BC | 35% |
| Alberta | 28% |
Amur Capital High Yield Fund Inc. (“ACHYF”) returns
| Calendar year | Net return |
| 2023 | 14% |
| 2024 | 13.8% |
| 2025 | 13.7% |
Return objective (2026)
Amur Capital High Yield Fund Inc. (“ACHYF”) has a target return of 12% for 2026.
Fund facts
| Structure | Private Corporation (MIC) |
| Management fee | 2% |
| First mortgages | 0.2% |
| Leverage | Leveraged |
| Latest data | March 31, 2026 |
Additional fund details
The Amur Capital High Yield Fund is currently closed to new subscriptions and is not accepting additional investments.
Investor access
Currently closed to new investors
This fund is currently not available to new investors.
About the manager
Amur Capital Management Corporation is a Surrey, BC–based exempt market dealer — registered in British Columbia, Alberta, Manitoba, Saskatchewan and Nova Scotia — and the investor-facing arm of Amur Financial Group (AFG), a vertically integrated alternative mortgage lender operating since 1969. AFG manages three residential mortgage investment corporations: the Income Fund (established 1984), the Conservative Income Fund (2009) and the High Yield Fund (2017), with roughly $1.36 billion in combined assets as of Q1 2026. The funds lend to Canadian borrowers who fall outside the conventional banking system, sourcing deal flow exclusively from affiliated originators Alpine Credits and Sequence Capital, and use bank credit facilities to modestly leverage their portfolios. All three funds are currently closed to new subscriptions.
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