ACM Commercial Mortgage Fund
Managed by ACM Advisors Ltd.
Data as of: June 30, 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.
AUM
$5.0B CAD
2025 return
5.15%
LTV
65.3%
Management fee
0.6%
About ACM Commercial Mortgage Fund
ACM Commercial Mortgage Fund is a British Columbia-formed private investment trust and the flagship fund of ACM Advisors, holding a diversified portfolio of short-duration first mortgages secured primarily by core and core-plus commercial real estate across major Canadian markets. With roughly $5.0 billion in assets, a weighted-average loan-to-value near 65% and about 93% first-mortgage exposure, it targets stable income with capital preservation for institutional and accredited investors. It reported a 2025 net return of about 5.15%; minimum investment $5,000.
The fund reports approximately $5.0B CAD in assets.
The portfolio is predominantly composed of first mortgages.
The latest annual return declined from 6.83% in 2024 to 5.15% in 2025.
The portfolio is concentrated in Commercial mortgages.
At a glance
| Assets under management (AUM) | $5.0B CAD |
| 2025 return | 5.15% |
| Overall LTV | 65.3% |
| First mortgages (as a % of the portfolio) | 93% |
| Property focus | Commercial (100%) |
| Structure | Trust |
| Investor access | Institutional only |
ACM Commercial Mortgage Fund portfolio and performance
The portfolio is composed of commercial mortgages (100%).
| Property Type | Share (%) |
| Commercial | 100% |
ACM Commercial Mortgage Fund returns
| Calendar year | Net return |
| 2023 | 6.85% |
| 2024 | 6.83% |
| 2025 | 5.15% |
ACM Commercial Mortgage Fund facts
Fund structure
| Structure | Trust |
| Manager | ACM Advisors Ltd. |
| Series | F |
| Latest data | June 30, 2026 |
Mortgage portfolio
| First mortgages | 93% |
| Overall LTV | 65.3% |
| Property focus | Commercial |
| Leverage | Yes, the fund uses leverage. This means the fund borrows additional money and combines it with investor capital to fund more mortgages. Leverage can increase returns when the portfolio performs well, but it also adds interest costs and can magnify losses. |
Fees
| Management fee | 0.6% |
| Performance fee | None disclosed |
Additional fund details
Since December 2023, ACM Advisors has been a 75%-owned subsidiary of EQB Inc., the parent company of EQ Bank and Equitable Bank. ACM continues to operate separately and independently manage its mortgage investment funds, while EQ Bank and Equitable Bank focus on traditional lending and deposit products. The acquisition expanded EQB’s presence in fee-based asset management while maintaining separation between the bank’s balance sheet and ACM’s investment funds. The fund may use a liquidity facility for short-term borrowing, but leverage is limited to no more than 10% of NAV.
Who can invest in ACM Commercial Mortgage Fund?
Institutional access only
This fund is offered to Canadian institutional investment professionals only and is not 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 ACM Advisors Ltd.
Founded in 1993 and headquartered in Vancouver, ACM Advisors Ltd. is a Canadian alternative asset manager specializing in the creation, structuring and management of pooled commercial mortgage funds. It manages roughly $5.4 billion across five mortgage funds — led by the ~$5.0 billion ACM Commercial Mortgage Fund, alongside ACM Mortgage Fund One, ACM Mortgage Fund Two and a newer climate- and social-themed commercial mortgage fund — on behalf of institutional and accredited investors, with more than 30 years of operating history. Since December 2023, ACM has operated as a majority-owned (75%) subsidiary of EQB Inc. (parent of Equitable Bank), while continuing to manage its funds independently.
Compare other funds by ACM Advisors Ltd.
ACM Advisors Ltd. manages several mortgage investment entities (MIEs) with different loan and investment objectives. Compare its other funds below.
| Fund | Primary strategy | Approx. size | |
|---|---|---|---|
| ACM Mortgage Fund One | Commercial mortgages | $130M CAD | Learn More |
| ACM Mortgage Fund Two | Commercial mortgages | $550M CAD | Learn More |
| Climate & Social Fund | Commercial mortgages | $44M CAD | Learn More |
Frequently asked questions
It invests in commercial mortgages.
The fund reports a weighted-average LTV of 65.3%.
No. It is offered to institutional investors.
The fund is managed by ACM Advisors Ltd..
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