Antrim Balanced Mortgage Fund
Private Corporation (MIC) · Residential
Managed by Antrim Investments Ltd.
Data as of: October 24, 2025
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
The fundamental objective of the Fund is to preserve capital while generating a steady stream of interest income. This is achieved by investing in a diversified portfolio of residential first and second mortgages in major centres of Canada. Target asset allocation is 75% in residential first mortgages and 25% in residential second mortgages. Maximum loan-to-value is 75% at time of funding.
At a glance
| Assets under management (AUM) | $922M CAD |
| 2025 return | 9.08% |
| Overall LTV | 60% |
| First mortgages | 85% |
| Property focus | Residential (96%) / Commercial (4%) |
| Structure | Private Corporation (MIC) |
| Investor access | Available to individual investors |
Portfolio & performance
The portfolio is composed of residential mortgages (96%) and commercial mortgages (4%).
| Property Type | Share (%) |
| Residential | 96% |
| Commercial | 4% |
Antrim Balanced Mortgage Fund has a focus on BC, with 65% of its mortgages located in BC, followed by Ontario (30%), Alberta (5%).
| Province/Region | Share (%) |
| Ontario | 30% |
| BC | 65% |
| Alberta | 5% |
Antrim Balanced Mortgage Fund returns
| Calendar year | Net return |
| 2023 | 6.36% |
| 2024 | 7.64% |
| 2025 | 9.08% |
Return objective (2026)
Antrim Balanced Mortgage Fund has a target return of 8% for 2026.
Fund facts
| Structure | Private Corporation (MIC) |
| Managed by | Antrim Investments Ltd. |
| Management fee | 1% |
| Performance fee | No |
| First mortgages | 85% |
| Leverage | Leveraged |
| Series/classes | C |
| Latest data | October 24, 2025 |
Additional fund details
Launched in June 2007, the fund holds 2,019 loans with an average loan size of approximately $454,000. The portfolio has a weighted-average interest rate of 9.40% and an average remaining term to maturity of seven months. The fund targets a quarterly distribution equivalent to 7.0% annually.
Investor access
Available to individual investors
This fund is available to individual investors.
The minimum investment amount for accredited investors is $1,000.
The minimum investment amount through an advisor or dealer is $1,000.
About the manager
Antrim Investments Ltd. is a BC-based mortgage investment manager with over 50 years of residential mortgage lending experience, serving as the management company for Antrim Balanced Mortgage Fund Ltd. The firm focuses on self-employed, stated-income, and non-prime borrowers in BC and Ontario, targeting a 75/25 split between first and second residential mortgages. Antrim manages approximately $922 million in total assets and distributes through investment advisors via FundSERV.
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