Amur Capital High Yield Fund Inc. (“ACHYF”)
Managed by Amur Financial Group
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.
Currently closed to new investors
This fund is currently not available to new investors.
AUM
$45M CAD
2025 return
13.7%
LTV
70%
Management fee
2%
About Amur Capital High Yield Fund Inc. (“ACHYF”)
Amur Capital High Yield Fund Inc. (ACHYF), founded in 2017, is a residential MIC pursuing a higher-return strategy through smaller, shorter-term, higher-LTV mortgages sourced from affiliated originators Alpine Credits and Sequence Capital. The portfolio is ~99% residential, concentrated in second-position mortgages (~65% by value), with weighted-average LTV near 70%. As of Q1 2026 it managed ~$45M across 676 mortgages, with calendar-year net returns of 13.7–14.0% (2023–2025) and a +12% target for 2026.
The fund reports approximately $45M CAD in assets.
The portfolio has a meaningful mix of first and subordinate mortgage positions.
The portfolio is concentrated in Residential mortgages.
The portfolio is diversified across Ontario, BC and Alberta.
At a glance
| Assets under management (AUM) | $45M CAD |
| 2025 return | 13.7% |
| Overall LTV | 70% |
| First mortgages (as a % of the portfolio) | 0.2% |
| Property focus | Residential (99%) / Commercial (1%) |
| Structure | Private Corporation (MIC) |
| Investor access | Closed to new investors |
Amur Capital High Yield Fund Inc. (“ACHYF”) portfolio and performance
The portfolio is composed of residential mortgages (99%) and commercial mortgages (1%).
| Property Type | Share (%) |
| Residential | 99% |
| Commercial | 1% |
Amur Capital High Yield Fund Inc. (“ACHYF”) has a focus on Ontario, with 37% of its mortgages located in Ontario, followed by BC (35%), Alberta (28%).
| Province/Region | Share (%) |
| Ontario | 37% |
| BC | 35% |
| Alberta | 28% |
Amur Capital High Yield Fund Inc. (“ACHYF”) returns
| Calendar year | Net return |
| 2023 | 14% |
| 2024 | 13.8% |
| 2025 | 13.7% |
Return objective (2026)
Amur Capital High Yield Fund Inc. (“ACHYF”) has a target return of 12% for 2026.
Amur Capital High Yield Fund Inc. (“ACHYF”) facts
Fund structure
| Structure | Private Corporation (MIC) |
| Manager | Amur Financial Group |
| Latest data | March 31, 2026 |
Mortgage portfolio
| First mortgages | 0.2% |
| Overall LTV | 70% |
| 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
The Amur Capital High Yield Fund is currently closed to new subscriptions and is not accepting additional investments.
About Amur Financial Group
Amur Capital Management Corporation is a Surrey, BC–based exempt market dealer — registered in British Columbia, Alberta, Manitoba, Saskatchewan and Nova Scotia — and the investor-facing arm of Amur Financial Group (AFG), a vertically integrated alternative mortgage lender operating since 1969. AFG manages three residential mortgage investment corporations: the Income Fund (established 1984), the Conservative Income Fund (2009) and the High Yield Fund (2017), with roughly $1.36 billion in combined assets as of Q1 2026. The funds lend to Canadian borrowers who fall outside the conventional banking system, sourcing deal flow exclusively from affiliated originators Alpine Credits and Sequence Capital, and use bank credit facilities to modestly leverage their portfolios. All three funds are currently closed to new subscriptions.
Compare other funds by Amur Financial Group
Amur Financial Group manages several mortgage investment entities (MIEs) with different loan and investment objectives. Compare its other funds below.
| Fund | Primary strategy | Approx. size | |
|---|---|---|---|
| Amur Capital Conservative Income Fund Inc. | Residential mortgages | $219M CAD | Learn More |
| Amur Capital Income Fund | Residential mortgages | $1.1B CAD | Learn More |
Frequently asked questions
It invests in residential mortgages.
The fund reports a weighted-average LTV of 70%.
The fund is managed by Amur Financial Group.
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