Fund Fact Sheet Q1 2025
Capital Direct I Income Trust is an open-end investment trust governed by the laws of Ontario. The trust is a pooled investment vehicle that holds a portfolio of residential mortgage loans to generate stable distributions to unitholders.
Fund Fact Sheet Q1 2025
Fund Fact Sheet - FUND OVERVIEW
Capital Direct I Income Trust is an open-end investment trust governed by the laws of Ontario. The trust is a pooled investment vehicle that holds a portfolio of residential mortgage loans to generate stable distributions to unitholders.
INVESTMENT HIGHLIGHTS
Preserve Capital(1)
Generate Quarterly Income for Investors
Stable $10 Unit Value
Annualized returns for Q1 2025: (2)
Class A: 9.11% |
Class C: 9.11% | Class F: 10.11%
FUND DETAILS OF CAPITAL DIRECT I INCOME TRUST
(As of March 31, 2025)
| Manager | Capital Direct Management Ltd. |
| Fund Type | Open-ended Investment Trust |
| Inception Date | June 2006 |
| Minimum Investment | $5,000 |
| Term of Mortgages | Limited to 2 years maximum |
| Distributions | Quarterly |
| Dividend Reinvestment Plan (DRIP) | Yes |
| Redemption (Class A) | 5 year DSC |
| Redemption (Class C, F) | 2% fee within first 180 days of acquisition |
| Closings | Monthly |
| Mortgage Type | Residential |
| Weighted Average LTV | 54.4% |
| Registered investment Qualified (TFSA, RESP, RRSP, RRIF) |
Yes |
| Total Assets | $540 Million |
| Geographical Diversification | BC, AB, ON, Atlantic |
| Trustee | ComputerShare Trust |
| Analyst Rating | 2- (Very Good Return to Risk Ratio)(3) |
FUNDSERV Code
ITI100ITI120
ITI110
Unit Class
AC
F
Commission
1.5%none
none
Trailer
1%1%
none
Management Fee
2% Net Assets2% Net Assets
1% Net Assets
Income Participation
20% Maximum20% Maximum
20% Maximum
Redemptions
MonthlyMonthly
Monthly
ANNUAL RATE OF RETURN
HISTORICAL CLASSES RETURN
| Period | Class A | Class C | Class F | ||
| 1 Quarter | 9.11% | 9.11% | 10.11% | ||
| 1 Year | 8.77% | 8.77% | 9.77% | ||
| 3 Year | 7.62% | 7.95% | 8.62% | ||
| 5 Year | 7.07% | 7.28% | 8.08% | ||
| Since Inception(6) | 7.87% | 7.43% | 8.21% |
PORTFOLIO SUMMARY
Loan-to-Value (LTV)Calculated as Financing outstanding divided by the value of security pledged.
Weighted Average LTV
54.4%
| < 45% | 25% | |
| 45 - 54.9% | 19% | |
| 55 - 64.9% | 34% | |
| 65 - 74.9% | 19% | |
| 75 - 89.9% | 3% |
Term to MaturityThe remaining number of months until the principal of a mortgage is scheduled to be repaid.
| < 24 months | 17% | |
| < 18 months | 18% | |
| < 12 months | 34% | |
| < 6 months | 30% |
Security PositionPlace in line held by the Fund should a borrower default.
| 1st | 59% | |
| 2nd | 39% | |
| 3rd | 2% |
Location of MortgagesGeographically diversified mortgages primarily within 90 km of major urban areas.
| BC | 39% | |
| Ontario | 38% | |
| Alberta | 17% | |
| Atlantic | 6% |
All investments carry risk. Past performance is not an indication of future returns.
(1) Management’s assessment, based upon loss history and loan to value ratio.
(2) Annualized return is based on Q1 2025 income produced by the Class A, C, F Units of the Trust.
(3) Fundamental Research Corp., May 2024.
(4) Class F Units must be purchased through a third-party dealer and are intended for fee-based accounts.
(5) All returns are after any discretionary reduction by Management in Income Participation or distribution.
(6) Historical return since inception (2006, 2014, 2016) as of Q1 2025 of the Class A, C, F units of the Trust.
This does not constitute an offer to the public to subscribe for units of the Trust. This document does not provide disclosure of all information required for an investor to make an informed investment decision. Investors should read the current offering memorandum, especially the risk factors relating to a purchase of Units of the Trust, prior to making an investment decision. All subscriptions for the purchase of units must be made pursuant to available prospectus exemptions. Depending on the exemption
being relied upon, an investor will receive the appropriate risk acknowledgement together with the most recent offering memorandum. Sales of units in all Provinces and Territories of Canada may be made through Capital Direct Financial Ltd. or a registered Dealer/Advisor.