Neighbourhood Holdings Income Trust I (NHIT)
Open-ended investment trust · Residential
Managed by Neighbourhood Holding Company 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
Neighbourhood Holdings Income Trust I is an open-ended investment trust investing in a geographically diversified portfolio of variable-rate residential mortgages in Canadian urban and suburban markets. The fund focuses primarily on first mortgages, avoids construction and bare-land lending, uses leverage and distributes income monthly.
At a glance
| Assets under management (AUM) | $484M CAD |
| 2025 return | 7.99% |
| Overall LTV | 52.1% |
| First mortgages | 98% |
| 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% |
Neighbourhood Holdings Income Trust I (NHIT) has a focus on Ontario, with 37% of its mortgages located in Ontario, followed by BC (35%), Quebec (13%), Alberta (13%), Atlantic Canada (2%).
| Province/Region | Share (%) |
| Ontario | 37% |
| Quebec | 13% |
| BC | 35% |
| Alberta | 13% |
| Atlantic Canada | 2% |
Neighbourhood Holdings Income Trust I (NHIT) returns
| Calendar year | Net return |
| 2023 | 8.9% |
| 2024 | 8.54% |
| 2025 | 7.99% |
Fund facts
| Structure | Open-ended investment trust |
| Managed by | Neighbourhood Holding Company Ltd |
| Management fee | 0.75% |
| Performance fee | 10% carry on EBIT |
| First mortgages | 98% |
| Leverage | Leveraged |
| Series/classes | F |
| Latest data | March 31, 2026 |
Additional fund details
Portfolio figures are as of March 31, 2026. The fund held 1,105 loans, had a debt-to-equity ratio of 0.44 times and reported that 2.72% of loans were more than 90 days delinquent. Performance figures represent Series F net returns and assume that monthly distributions are reinvested. The performance fee consists of a 10% participation in monthly earnings before interest and taxes. The fund’s legal unit series include Series A, C, F and I1 through I10.
Investor access
Available to individual investors
This fund is available to individual investors.
The minimum investment amount for accredited investors is $25,000.
The minimum investment amount through an advisor or dealer is $25,000.
About the manager
Neighbourhood Holding Company Ltd. is a Vancouver-based alternative mortgage lender and investment manager founded in 2015. Following its October 2025 acquisition of Fisgard Asset Management, it manages Neighbourhood Holdings Income Trust I and Fisgard Capital Corporation, which had combined AUM of approximately $793.5 million as of March 31, 2026. Its mortgage portfolios have exposure to British Columbia, Alberta, Saskatchewan, Manitoba, Ontario, Quebec and Nova Scotia. Fisgard Capital Management Ltd. serves as the affiliated exempt market dealer.
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