AWM Diversified MIC
Managed by Alta West Mortgage Capital Corporation
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.
AUM
$295M CAD
2025 return
8.97%
LTV
67%
Management fee
2%
About AWM Diversified MIC
AWM Diversified MIC is a Calgary-based private mortgage investment corporation incorporated in June 2004, focused on residential first and second mortgage lending across Western Canada and Ontario. The portfolio consists primarily of owner-occupied residential properties, with a maximum LTV of 90% at funding. The fund reported no negative annual returns since inception, with a 10-year average annual return of 7.93%. Monthly distributions are paid and units are RRSP, RRIF, and TFSA eligible.
The fund reports approximately $295M CAD in assets.
Most of the portfolio is in first mortgages, with some subordinate exposure.
The portfolio is concentrated in Residential mortgages.
The portfolio is diversified across Ontario, Alberta and BC.
At a glance
| Assets under management (AUM) | $295M CAD |
| 2025 return | 8.97% |
| Overall LTV | 67% |
| First mortgages (as a % of the portfolio) | 74% |
| Property focus | Residential (99%) / Commercial (1%) |
| Structure | Private Corporation (MIC) |
| Investor access | Available to individual investors |
AWM Diversified MIC portfolio and performance
The portfolio is composed of residential mortgages (99%) and commercial mortgages (1%).
| Property Type | Share (%) |
| Residential | 99% |
| Commercial | 1% |
AWM Diversified MIC has a focus on Ontario, with 47% of its mortgages located in Ontario, followed by Alberta (36%), BC (16%), MB (1%).
| Province/Region | Share (%) |
| Ontario | 47% |
| BC | 16% |
| Alberta | 36% |
| MB | 1% |
AWM Diversified MIC returns
| Calendar year | Net return |
| 2023 | 8.07% |
| 2024 | 8.67% |
| 2025 | 8.97% |
AWM Diversified MIC facts
Fund structure
| Structure | Private Corporation (MIC) |
| Manager | Alta West Mortgage Capital Corporation |
| Latest data | March 31, 2026 |
Mortgage portfolio
| First mortgages | 74% |
| Overall LTV | 67% |
| Property focus | Residential |
| 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 | 2% |
| Performance fee | None disclosed |
Additional fund details
AWM Diversified MIC's fiscal year runs April 1 to March 31
Who can invest in AWM Diversified MIC?
Available to individual investors
This fund is available to individual investors.
The minimum investment amount for accredited investors is $10,000.
The minimum investment amount through an advisor or dealer is $10,000.
About Alta West Mortgage Capital Corporation
Founded in 1991 and headquartered in Calgary, Alta West Mortgage Capital Corporation (AWC) is an alternative residential mortgage lender and investment manager operating across Alberta, British Columbia, and Ontario. AWC underwrites residential mortgages in urban centres, focusing primarily on owner-occupied properties with first and second mortgage positions and no land development exposure. In September 2025, AWC acquired Premiere Home Mortgage Ltd., expanding its product suite and national reach.
Compare other funds by Alta West Mortgage Capital Corporation
Alta West Mortgage Capital Corporation manages several mortgage investment entities (MIEs) with different loan and investment objectives. Compare its other funds below.
| Fund | Primary strategy | Approx. size | |
|---|---|---|---|
| Premiere Canadian Mortgage Corp. | Residential mortgages | $124M CAD | Learn More |
Frequently asked questions
It invests in residential mortgages.
The fund reports a weighted-average LTV of 67%.
Yes. It is available to individual investors.
The fund is managed by Alta West Mortgage Capital Corporation.
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