1Based on I Series units as of December 31, 2020. 2020 return is before the payment of the year-end top up, if any, distributed in March 2021. Assumes distributions are reinvested.
2Historical fund returns are reported as at December 31, 2019.
|Fund Type||Open-Ended pooled mortgage fund|
|FundServ Code||TRZ 380|
|Inception||January 1, 2017|
|Eligibility||RRSP, RRIF, DPSP, RDSP, RESP, TFSA, IPP|
|Purchase||T + 2|
|Redemption||T + 20, subject to 1% retraction penalty if redeemed within 1st year|
|Incentive Fee||10% of Net Operating Income|
|Manager||Trez Capital Fund Management Limited Partnership|
|Manager AUM||Greater than $4.1 Billion (estimated as at December 31, 2020)|
|Number of Loans||119|
|Weighted Average LTV||71.3%|
|Weighted Average Term-to-Maturity (Months)||10.8|
¹ Unaudited and non-consolidated, as at December 31, 2020.
|20202||1 Year||3 Year||5 Year||Since Inception3|
|Trez Capital Yield Trust|
Trez Capital Yield Trust U.S. (CAD) distributes 100% of its net income annually. Unitholders receive monthly distributions at a rate of 0.570% on Series I units, paid in the currency of the units denomination. An investor may be eligible for an annual top-up distribution, which is paid in mid-March following the conclusion of the annual audit of the Trust.
2021 Trez Capital Monthly Distributions
|Record Date||Expected Pay Date|
|January||January 31||February 7|
|February||February 28||March 8|
|March||March 31||April 9|
|April||April 30||May 9|
|May||May 31||June 7|
|June||June 30||July 9|
|July||July 31||August 9|
|August||August 31||September 9|
|September||September 30||October 8|
|October||October 31||November 8|
|November||November 30||December 9|
|December||December 31||January 8|
|Annual Top-Up||December 31||March 17|
|Management Fee||1.5% of the Average Annual Gross Assets relating to the F Series and A Series units.|
|Incentive Fee||10% of the Net Income for each unit series after deduction of the Management fee.|
|Province||Minimum investment when relying on accredited investor exemption1||Minimum investment when relying on offering memorandum exemption2||Minimum investment amount 3|
|Newfoundland & Labrador||$5,000||$5,000||$150,000|
1 Accredited Investor Exemption: There is no regulatory minimum subscription amount for investors qualifying under the Accredited Investor Exemption. However, the minimum initial purchase amount established by the Manager is $5,000.
2 Offering Memorandum Exemption: There is no regulatory minimum subscription amount for investors qualifying under the Offering Memorandum Exemption. However, the minimum initial purchase amount established by the Manager is $5,000. (Only available for residents of British Columbia, Newfoundland & Labrador, Ontario, Alberta, Saskatchewan, Nova Scotia, and New Brunswick, subject to certain restrictions)
3 Minimum Amount Exemption (not available to individuals): The minimum initial subscription amount for investors qualifying under the Minimum Amount Exemption is $150,000 in each province listed above.
Institutional Investors form a core part of our investor base. As investors seek ways to diversify away from equities and traditional fixed income to both enhance income while mitigating risks, alternative investments such as private mortgage pools provide for an attractive solution.
To learn more about our private mortgage pools for institutional clients please contact:
Senior Vice President, Head of Investor Global Sales
March 31, 2021 - Trez Capital Yield Trust U.S. (CAD) Fund Fact Sheet (I Series)
septembre 2020 - Trez Capital Yield Trust US (CAD) fiche d’information sur le fonds (Série I)
December 2019 - Fund Application form for Institutional, Pension Plan, or Investment Fund
December 31, 2020 - Trez Capital Yield Trust U.S. (CAD) Audited Financial Statements
Apr 2020 - Trez Capital Yield Trust US ($CAD) Offering Memorandum
avril 2020 - TCYTUS(CAD) notice d'offre
December 2016 - Trez Capital Yield Trust US ($CAD) Declaration of Trust