CMI MIC High Yield Opportunity Fund
Managed by CMI Financial Group
Data as of: March 31, 2026 · 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
$219M CAD
2025 return
10.68%
LTV
76.8%
Management fee
1%
About CMI MIC High Yield Opportunity Fund
CMI MIC High Yield Opportunity Fund is a private residential MIC targeting net annual returns of 10–11% through short-term second and subordinate residential mortgages with a maximum 85% weighted average LTV. The fund concentrates primarily in Ontario with additional exposure across BC, Alberta, Nova Scotia, and Newfoundland. RRSP, TFSA, and RRIF eligible with a $5,000 minimum investment.
The fund reports approximately $219M 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 and BC.
At a glance
| Assets under management (AUM) | $219M CAD |
| 2025 return | 10.68% |
| Overall LTV | 76.8% |
| First mortgages (as a % of the portfolio) | 25.2% |
| Property focus | Residential (100%) |
| Structure | Private Corporation (MIC) |
| Investor access | Available to individual investors |
CMI MIC High Yield Opportunity Fund portfolio and performance
The portfolio is composed of residential mortgages (100%).
| Property Type | Share (%) |
| Residential | 100% |
CMI MIC High Yield Opportunity Fund has a focus on Ontario, with 74.9% of its mortgages located in Ontario, followed by BC (11.45%), Alberta (8.77%), Quebec (4.52%).
| Province/Region | Share (%) |
| Ontario | 74.9% |
| Quebec | 4.52% |
| BC | 11.45% |
| Alberta | 8.77% |
CMI MIC High Yield Opportunity Fund returns
| Calendar year | Net return |
| 2023 | 10.79% |
| 2024 | 10.82% |
| 2025 | 10.68% |
Return objective (2026)
CMI MIC High Yield Opportunity Fund's target for 2026: 10-11%
CMI MIC High Yield Opportunity Fund facts
Fund structure
| Structure | Private Corporation (MIC) |
| Manager | CMI Financial Group |
| Series | F |
| Latest data | March 31, 2026 |
Mortgage portfolio
| First mortgages | 25.2% |
| Overall LTV | 76.8% |
| 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 |
Who can invest in CMI MIC High Yield Opportunity Fund?
Available to individual investors
This fund is 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 CMI Financial Group
CMI Financial Group is a Mississauga-based alternative lending and mortgage investment firm founded in 2005 by CEO Bryan Jaskolka. The firm operates two primary divisions: Canadian Mortgages Inc. (private mortgage lender) and CMI Mortgage Services Inc. (administrator of three MIC funds). With over $2.5 billion in mortgage placements since inception, CMI serves accredited investors across all Canadian provinces.
Compare other funds by CMI Financial Group
CMI Financial Group manages several mortgage investment entities (MIEs) with different loan and investment objectives. Compare its other funds below.
| Fund | Primary strategy | Approx. size | |
|---|---|---|---|
| CMI MIC Balanced Mortgage Fund | Residential mortgages | $153M CAD | Learn More |
Frequently asked questions
It invests in residential mortgages.
The fund reports a weighted-average LTV of 76.8%.
Yes. It is available to individual investors.
The fund is managed by CMI Financial Group.
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