Cameron Stephens High Yield Mortgage Trust
Mutual fund trust
Managed by Cameron Stephens Mortgage Capital Ltd.
Data as of: December 31, 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
Cameron Stephens High Yield Mortgage Trust is an open-ended mutual fund trust investing in a diversified portfolio of Canadian commercial real estate mortgages originated primarily by Cameron Stephens Mortgage Capital. The strategy includes residential and commercial land, development, construction, bridge and inventory loans. The fund seeks capital preservation and stable income through monthly distributions.
At a glance
| Assets under management (AUM) | $140M CAD |
| 2025 return | 7.46% |
| Overall LTV | 60% |
| First mortgages | 53.4% |
| Structure | Mutual fund trust |
| Investor access | Available to individual investors |
Portfolio & performance
Cameron Stephens High Yield Mortgage Trust returns
| Calendar year | Net return |
| 2023 | 9.16% |
| 2024 | 10.04% |
| 2025 | 7.46% |
Fund facts
| Structure | Mutual fund trust |
| Managed by | Cameron Stephens Mortgage Capital Ltd. |
| Management fee | 1% |
| First mortgages | 53.4% |
| Latest data | December 31, 2025 |
Additional fund details
The manager reports approximately $140 million in assets under management, although no measurement date is provided. The current portfolio consists of 102 mortgages with a weighted-average loan-to-value ratio of 60%, a trailing 12-month yield of 6.96% and monthly distributions. First-priority exposure was 53.4% as of December 31, 2025. This measure reflects the fund’s economic priority within the capital structure and does not necessarily correspond to the mortgage’s legal registration rank. Reported returns were 9.16% in 2023 and 10.04% in 2024. For 2025, the manager reports a 7.46% total return assuming distribution reinvestment, while Fundata reports 7.90% using its calendar-return methodology. The management fee is 1.00%, and the FundServ code is BEL701. The fund is available to accredited investors and is eligible for registered plans.
Investor access
Available to individual investors
This fund is available to individual investors.
Minimum investment terms are not publicly disclosed.
About the manager
Founded in 2004, Cameron Stephens Mortgage Capital Ltd. is a Canadian commercial real estate lender and investment manager with just under $3.6 billion in assets under administration, including approximately $3.0 billion of institutional assets and $0.6 billion of private assets. Its mortgage investment platform includes Cameron Stephens Mortgage Trust, Bay Street High Yield Fund and Western Canada High Yield Fund. The broader Cameron Stephens platform also provides institutional mortgage financing and real estate equity investments through Cameron Stephens Equity Capital.
Other funds by Cameron Stephens Mortgage Capital Ltd.
Explore other WOWA reviews of funds managed by Cameron Stephens Mortgage Capital Ltd.:
Disclaimer:
- Any analysis or commentary reflects the opinions of WOWA.ca analysts and should not be considered financial advice. Please consult a licensed professional before making any decisions.
- The calculators and content on this page are for general information only. WOWA® does not guarantee the accuracy and is not responsible for any consequences of using the calculator.
- Financial institutions and brokerages may compensate us for connecting customers to them through payments for advertisements, clicks, and leads.
- Interest rates are sourced from financial institutions' websites or provided to us directly. Real estate data is sourced from the Canadian Real Estate Association (CREA) and regional boards' websites and documents.