Returns Chart

Key Stats

Net Expense Ratio Total Assets Under Management Weighted Average Dividend Yield Turnover Ratio (Generic)
2.92% -- -- 53.00%
1 Year Fund Level Flows 1 Year Total Returns (Daily) Annualized Total Returns Since Inception (Daily) Max Drawdown (Since Inception)
-- 9.90% Upgrade Upgrade

Basic Info

Investment Strategy
The Fund seeks to maximize current income and preserve investor capital, with a secondary focus on long-term capital appreciation. The Fund normally invests at least 80% of its net assets in a portfolio of commercial real estate loans and other real estate-related investments located in the United States.
General
Security Type Unlisted Closed-End Fund
Broad Asset Class Taxable Bond
Broad Category Equity
Global Peer Group Bond USD Mortgages
Peer Group U.S. Mortgage Funds
Global Macro Bond HC
US Macro U.S. Government & Treasury Fixed Income Funds
YCharts Categorization --
YCharts Benchmark --
Prospectus Objective U.S. Mortgage Funds
Fund Owner Firm Name Forum Capital Advisors
Broad Asset Class Benchmark Index
^BBUSATR 100.0%

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Net Fund Flows Versus Peer Group

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1M
3M
6M
YTD
1Y
3Y
5Y
10Y
 
80.00B
60.00B
40.00B
20.00B
0
-20.00B
No Data Available
1 Month
% Rank: --
-2.634B Peer Group Low
249.26M Peer Group High
1 Year
% Rank: --
-4.364B Peer Group Low
5.384B Peer Group High
3 Months
% Rank: --
-2.714B Peer Group Low
402.03M Peer Group High
3 Years
% Rank: --
-7.770B Peer Group Low
11.17B Peer Group High
6 Months
% Rank: --
-1.091B Peer Group Low
994.25M Peer Group High
5 Years
% Rank: --
-20.20B Peer Group Low
12.23B Peer Group High
YTD
% Rank: --
-5.583B Peer Group Low
5.384B Peer Group High
10 Years
% Rank: --
-28.21B Peer Group Low
27.65B Peer Group High
Date Unavailable

Performance Versus Peer Group

 
20%
15%
10%
5%
0
Name
1M
3M
YTD
1Y
3Y
5Y
10Y
15Y
Total Return (NAV)
12.00%
12.00%
12.00%
12.00%
12.00%
12.00%
12.00%
12.00%
Peer Group Rtn. (NAV)
12.00%
12.00%
12.00%
12.00%
12.00%
12.00%
12.00%
12.00%
% Rank in Peer Group (NAV)
5.0
5.0
5.0
5.0
5.0
5.0
5.0
5.0
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Annual Total Returns Versus Peers

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Name
2018
2019
2020
2021
2022
2023
2024
YTD
--
--
--
--
0.46%
12.24%
13.36%
9.11%
0.01%
8.72%
7.51%
-1.54%
-13.01%
5.53%
1.25%
6.94%
--
--
--
--
--
--
8.09%
7.14%
--
--
--
--
--
--
--
14.58%
-0.47%
7.59%
5.92%
6.66%
-4.48%
18.94%
11.51%
5.91%
-2.02%
2.61%
7.37%
-1.10%
1.23%
18.66%
18.91%
16.00%
As of December 08, 2025.

Fundamentals

General
Distribution Yield --
Dividend Yield TTM (12-4-25) 8.46%
30-Day SEC Yield --
7-Day SEC Yield --
Number of Holdings 75
Bond
Yield to Maturity (6-30-25) --
Effective Duration --
Average Coupon --
Calculated Average Quality --
Effective Maturity --
Nominal Maturity --
Number of Bond Holdings 66
As of June 30, 2025

Asset Allocation

As of June 30, 2025.
Type % Net
Cash -9.44%
Stock 0.35%
Bond 102.4%
Convertible 0.00%
Preferred 7.14%
Other -0.45%
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Top 10 Holdings

Name % Weight Price % Change
Fidelity Instl Treasury Portfolio I 4.97% 1.00 0.00%
Gm Palace Bts PFD
4.08% -- --
BX COMMERCIAL MORTGAGE TRUST 24AIRC D SEQ FLT 7.40123% 15-AUG-2041
3.77% -- --
The Ivy Mezz FRN 08-May-2028
3.55% -- --
ARDN MORTGAGE TRUST 25ARCP F FLT 9.962% 17-JUN-2030
3.53% -- --
GS MORTGAGE SECURITIES CORPORATION TRUST 25800D A FLT 20-NOV-2041
3.53% -- --
COMM MORTGAGE TRUST 24WCL1 A SEQ FLT 6.153% 17-JUN-2041
3.52% -- --
ACRE MULTIFAMILY HOUSING MORTGAGE LOAN TRUST 22Q018 B SEQ FLT 7.37263% 25-JUN-2027
3.52% -- --
BX TRUST 21ARIA G SEQ FLT 7.5681% 15-OCT-2036
3.07% -- --
SWCH COMMERCIAL MORTGAGE TRUST 25DATA E FLT 7.65198% 15-FEB-2042
3.04% -- --

Fees & Availability

Fees
Actual 12B-1 Fee --
Actual Management Fee --
Administration Fee 111.1K%
Maximum Front Load --
Maximum Deferred Load --
Maximum Redemption Fee --
General Availability
Available for Insurance Product No
Available for RRSP No
Purchase Details
Open to New Investors Yes
Minimum Initial Investment 25.00M None
Minimum Subsequent Investment 5000.00 None

Basic Info

Investment Strategy
The Fund seeks to maximize current income and preserve investor capital, with a secondary focus on long-term capital appreciation. The Fund normally invests at least 80% of its net assets in a portfolio of commercial real estate loans and other real estate-related investments located in the United States.
General
Security Type Unlisted Closed-End Fund
Broad Asset Class Taxable Bond
Broad Category Equity
Global Peer Group Bond USD Mortgages
Peer Group U.S. Mortgage Funds
Global Macro Bond HC
US Macro U.S. Government & Treasury Fixed Income Funds
YCharts Categorization --
YCharts Benchmark --
Prospectus Objective U.S. Mortgage Funds
Fund Owner Firm Name Forum Capital Advisors
Broad Asset Class Benchmark Index
^BBUSATR 100.0%

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Fundamentals

General
Distribution Yield --
Dividend Yield TTM (12-4-25) 8.46%
30-Day SEC Yield --
7-Day SEC Yield --
Number of Holdings 75
Bond
Yield to Maturity (6-30-25) --
Effective Duration --
Average Coupon --
Calculated Average Quality --
Effective Maturity --
Nominal Maturity --
Number of Bond Holdings 66
As of June 30, 2025

Fund Details

Key Dates
Inception Date --
Last Annual Report Date 12/31/2024
Last Prospectus Date 10/19/2024
Share Classes
FORAX Inst
FORBX K
Attributes
Index Fund --
Inverse Fund No
Leveraged Fund Yes
Fund of Funds No
Currency Hedged Fund --
Synthetic Replication Fund No

Top Portfolio Holders

Name % Weight
Portfolio A 5.00%
Portfolio B 3.50%
Portfolio C 2.25%
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