UMC Mutual Fund Trust
Managed by UMC Financial Management Inc.
Data as of: December 31, 2023
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
$241M CAD
LTV
75%
Management fee
0.6%
About UMC Mutual Fund Trust
Launched in 2012, the UMC Mutual Fund Trust is an open-ended pooled mortgage fund managing over $240 million in assets. The fund holds a diversified portfolio of short-term, first-position commercial mortgages, primarily financing multi-family, hotel, and land construction projects across Western Canada (with a heavy focus in Alberta). Targeting an average loan-to-value (LTV) of 75% and a brief 4-month average maturity, the fund minimizes market risk while generating regular monthly income distributions for accredited investors.
The fund reports approximately $241M CAD in assets.
At a glance
| Assets under management (AUM) | $241M CAD |
| Overall LTV | 75% |
| Property focus | Residential (34%) / Unclassified (66%) |
| Structure | Trust |
| Investor access | Available to individual investors |
UMC Mutual Fund Trust portfolio and performance
The portfolio is composed of residential mortgages (34%) and unclassified mortgages (66%).
| Property Type | Share (%) |
| Residential | 34% |
| Unclassified | 66% |
UMC Mutual Fund Trust has a focus on Alberta, with 66.4% of its mortgages located in Alberta, followed by BC (6.4%).
| Province/Region | Share (%) |
| BC | 6.4% |
| Alberta | 66.4% |
| Unclassified | 27.2% |
UMC Mutual Fund Trust returns
| Calendar year | Net return |
| 2023 | 7% |
UMC Mutual Fund Trust facts
Fund structure
| Structure | Trust |
| Manager | UMC Financial Management Inc. |
| Latest data | December 31, 2023 |
Mortgage portfolio
| Overall LTV | 75% |
| Property focus | Residential |
| Leverage | No, the fund does not use leverage. This means the fund uses only investor capital, rather than borrowed money, to fund its mortgage portfolio. This avoids borrowing costs and reduces the additional risks associated with leverage. |
Fees
| Management fee | 0.6% |
| Performance fee | No |
Who can invest in UMC Mutual Fund Trust?
Available to individual investors
This fund is available to individual investors.
The minimum investment amount for accredited investors is $0.
About UMC Financial Management Inc.
Founded in 1978 in Edmonton, Alberta, UMC Financial Management Inc. is an independent investment fund manager and alternative commercial mortgage lender. With over 45 years of experience, the firm manages more than $300 million in client assets across Western Canada. UMC specializes in sourcing, underwriting, and administering alternative real estate credit. Their management team focuses on providing fast, flexible financing for commercial borrowers while delivering stable, non-correlated fixed-income solutions for accredited individual and corporate investors.
Frequently asked questions
It invests in residential mortgages.
The fund reports a weighted-average LTV of 75%.
Yes. It is available to individual investors.
The fund is managed by UMC Financial Management Inc..
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.