Capital Direct I Income Trust
Open-Ended Investment Trust · Residential
Managed by Capital Direct Management Ltd.
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
Capital Direct I Income Trust is an open-end investment trust governed by the laws of Ontario, holding a portfolio of residential mortgage loans across BC, Alberta, Ontario, and Atlantic Canada. The fund reported 68% first mortgage concentration, a weighted average LTV of 55.62%, and a 2025 net return of 10.23% as of Q1 2026.
At a glance
| Assets under management (AUM) | $683M CAD |
| 2025 return | 10.23% |
| Overall LTV | 55.6% |
| First mortgages | 68% |
| Property focus | Residential (100%) |
| Structure | Open-Ended Investment Trust |
| Investor access | Available to individual investors |
Portfolio & performance
The portfolio is composed of residential mortgages (100%).
| Property Type | Share (%) |
| Residential | 100% |
Capital Direct I Income Trust has a focus on BC, with 42% of its mortgages located in BC, followed by Ontario (33%), Alberta (19%), Atlantic Canada (6%).
| Province/Region | Share (%) |
| Ontario | 33% |
| BC | 42% |
| Alberta | 19% |
| Atlantic Canada | 6% |
Capital Direct I Income Trust returns
| Calendar year | Net return |
| 2023 | 8.91% |
| 2024 | 10.13% |
| 2025 | 10.23% |
Fund facts
| Structure | Open-Ended Investment Trust |
| Managed by | Capital Direct Management Ltd. |
| Management fee | 1% |
| Performance fee | 20% Maximum Income Participation |
| First mortgages | 68% |
| Leverage | Leveraged |
| Series/classes | F |
| Latest data | March 31, 2026 |
Additional fund details
Returns shown are Class F annual returns after applicable fees and any discretionary reduction in the manager’s income participation. The 9.16% figure for the first quarter of 2026 is annualized based on income earned during the quarter and should not be interpreted as a year-to-date return. The management fee is 2% for Classes A and C and 1% for Class F. All classes are also subject to a maximum income-participation fee of 20%.
Investor access
Available to individual investors
This fund is available to individual investors.
The minimum investment amount for accredited investors is $5,000.
The minimum investment amount through an advisor or dealer is $5,000.
About the manager
Capital Direct Management Ltd. manages Capital Direct I Income Trust, an open-ended Ontario investment trust established in 2006. The related Capital Direct mortgage-lending business has operated since 1997 and originates and services residential mortgages across British Columbia, Alberta, Ontario and Atlantic Canada. Capital Direct Financial Ltd. distributes units as an affiliated exempt market dealer.
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