Neighbourhood Holdings Income Trust I (NHIT)
Managed by Neighbourhood Holding Company Ltd
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
$484M CAD
2025 return
7.99%
LTV
52.1%
Management fee
0.75%
About Neighbourhood Holdings Income Trust I (NHIT)
Neighbourhood Holdings Income Trust I is an open-ended investment trust investing in a geographically diversified portfolio of variable-rate residential mortgages in Canadian urban and suburban markets. The fund focuses primarily on first mortgages, avoids construction and bare-land lending, uses leverage and distributes income monthly.
The fund reports approximately $484M CAD in assets.
The portfolio is predominantly composed of first mortgages.
The latest annual return declined from 8.54% in 2024 to 7.99% in 2025.
The portfolio is concentrated in Residential mortgages.
The portfolio is diversified across Ontario, BC, Quebec and Alberta.
At a glance
| Assets under management (AUM) | $484M CAD |
| 2025 return | 7.99% |
| Overall LTV | 52.1% |
| First mortgages (as a % of the portfolio) | 98% |
| Property focus | Residential (100%) |
| Structure | Open-ended investment trust |
| Investor access | Available to individual investors |
Neighbourhood Holdings Income Trust I (NHIT) portfolio and performance
The portfolio is composed of residential mortgages (100%).
| Property Type | Share (%) |
| Residential | 100% |
Neighbourhood Holdings Income Trust I (NHIT) has a focus on Ontario, with 37% of its mortgages located in Ontario, followed by BC (35%), Quebec (13%), Alberta (13%), Atlantic Canada (2%).
| Province/Region | Share (%) |
| Ontario | 37% |
| Quebec | 13% |
| BC | 35% |
| Alberta | 13% |
| Atlantic Canada | 2% |
Neighbourhood Holdings Income Trust I (NHIT) returns
| Calendar year | Net return |
| 2023 | 8.9% |
| 2024 | 8.54% |
| 2025 | 7.99% |
Neighbourhood Holdings Income Trust I (NHIT) facts
Fund structure
| Structure | Open-ended investment trust |
| Manager | Neighbourhood Holding Company Ltd |
| Series | F |
| Latest data | March 31, 2026 |
Mortgage portfolio
| First mortgages | 98% |
| Overall LTV | 52.1% |
| 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 | 0.75% |
| Performance fee | 10% carry on EBIT |
Additional fund details
Portfolio figures are as of March 31, 2026. The fund held 1,105 loans, had a debt-to-equity ratio of 0.44 times and reported that 2.72% of loans were more than 90 days delinquent. Performance figures represent Series F net returns and assume that monthly distributions are reinvested. The performance fee consists of a 10% participation in monthly earnings before interest and taxes. The fund’s legal unit series include Series A, C, F and I1 through I10.
Who can invest in Neighbourhood Holdings Income Trust I (NHIT)?
Available to individual investors
This fund is available to individual investors.
The minimum investment amount for accredited investors is $25,000.
The minimum investment amount through an advisor or dealer is $25,000.
About Neighbourhood Holding Company Ltd
Neighbourhood Holding Company Ltd. is a Vancouver-based alternative mortgage lender and investment manager founded in 2015. Following its October 2025 acquisition of Fisgard Asset Management, it manages Neighbourhood Holdings Income Trust I and Fisgard Capital Corporation, which had combined AUM of approximately $793.5 million as of March 31, 2026. Its mortgage portfolios have exposure to British Columbia, Alberta, Saskatchewan, Manitoba, Ontario, Quebec and Nova Scotia. Fisgard Capital Management Ltd. serves as the affiliated exempt market dealer.
Compare other funds by Neighbourhood Holding Company Ltd
Neighbourhood Holding Company Ltd manages several mortgage investment entities (MIEs) with different loan and investment objectives. Compare its other funds below.
| Fund | Primary strategy | Approx. size | |
|---|---|---|---|
| Fisgard Capital Corporation | Residential mortgages | $310M CAD | Learn More |
Frequently asked questions
It invests in residential mortgages.
The fund reports a weighted-average LTV of 52.1%.
Yes. It is available to individual investors.
The fund is managed by Neighbourhood Holding Company Ltd.
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