Antrim Balanced Mortgage Fund
Managed by Antrim Investments Ltd.
Data as of: October 24, 2025 · View latest fund facts
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
$922M CAD
2025 return
9.08%
LTV
60%
Management fee
1%
About Antrim Balanced Mortgage Fund
The fundamental objective of the Fund is to preserve capital while generating a steady stream of interest income. This is achieved by investing in a diversified portfolio of residential first and second mortgages in major centres of Canada. Target asset allocation is 75% in residential first mortgages and 25% in residential second mortgages. Maximum loan-to-value is 75% at time of funding.
The fund reports approximately $922M CAD in assets.
Most of the portfolio is in first mortgages, with some subordinate exposure.
The latest annual return increased from 7.64% in 2024 to 9.08% in 2025.
The portfolio is concentrated in Residential mortgages.
The portfolio is diversified across BC and Ontario.
At a glance
| Assets under management (AUM) | $922M CAD |
| 2025 return | 9.08% |
| Overall LTV | 60% |
| First mortgages (as a % of the portfolio) | 85% |
| Property focus | Residential (96%) / Commercial (4%) |
| Structure | Private Corporation (MIC) |
| Investor access | Available to individual investors |
Antrim Balanced Mortgage Fund portfolio and performance
The portfolio is composed of residential mortgages (96%) and commercial mortgages (4%).
| Property Type | Share (%) |
| Residential | 96% |
| Commercial | 4% |
Antrim Balanced Mortgage Fund has a focus on BC, with 65% of its mortgages located in BC, followed by Ontario (30%), Alberta (5%).
| Province/Region | Share (%) |
| Ontario | 30% |
| BC | 65% |
| Alberta | 5% |
Antrim Balanced Mortgage Fund returns
| Calendar year | Net return |
| 2023 | 6.36% |
| 2024 | 7.64% |
| 2025 | 9.08% |
Return objective (2026)
Antrim Balanced Mortgage Fund has a target return of 8% for 2026.
Antrim Balanced Mortgage Fund facts
Fund structure
| Structure | Private Corporation (MIC) |
| Manager | Antrim Investments Ltd. |
| Series | C |
| Latest data | October 24, 2025 |
Mortgage portfolio
| First mortgages | 85% |
| Overall LTV | 60% |
| 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 | 1% |
| Performance fee | No |
Additional fund details
Launched in June 2007, the fund holds 2,019 loans with an average loan size of approximately $454,000. The portfolio has a weighted-average interest rate of 9.40% and an average remaining term to maturity of seven months. The fund targets a quarterly distribution equivalent to 7.0% annually.
Who can invest in Antrim Balanced Mortgage Fund?
Available to individual investors
This fund is available to individual investors.
The minimum investment amount for accredited investors is $1,000.
The minimum investment amount through an advisor or dealer is $1,000.
About Antrim Investments Ltd.
Antrim Investments Ltd. is a BC-based mortgage investment manager with over 50 years of residential mortgage lending experience, serving as the management company for Antrim Balanced Mortgage Fund Ltd. The firm focuses on self-employed, stated-income, and non-prime borrowers in BC and Ontario, targeting a 75/25 split between first and second residential mortgages. Antrim manages approximately $922 million in total assets and distributes through investment advisors via FundSERV.
Frequently asked questions
It invests in residential mortgages.
The fund reports a weighted-average LTV of 60%.
Yes. It is available to individual investors.
The fund is managed by Antrim Investments Ltd..
Disclaimer:
- Any analysis or commentary reflects the opinions of WOWA.ca analysts and should not be considered financial advice. Please consult a licensed professional before making any decisions.
- The calculators and content on this page are for general information only. WOWA® does not guarantee the accuracy and is not responsible for any consequences of using the calculator.
- Financial institutions and brokerages may compensate us for connecting customers to them through payments for advertisements, clicks, and leads.
- Interest rates are sourced from financial institutions' websites or provided to us directly. Real estate data is sourced from the Canadian Real Estate Association (CREA) and regional boards' websites and documents.