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)
-- 9.97% 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
Equity Style --
Broad Asset Class Taxable Bond
Broad Category Fixed Income
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: --
-422.49M Peer Group Low
483.54M Peer Group High
1 Year
% Rank: --
-5.100B Peer Group Low
5.483B Peer Group High
3 Months
% Rank: --
-3.370B Peer Group Low
608.76M Peer Group High
3 Years
% Rank: --
-6.413B Peer Group Low
10.65B Peer Group High
6 Months
% Rank: --
-1.936B Peer Group Low
1.164B Peer Group High
5 Years
% Rank: --
-19.79B Peer Group Low
11.81B Peer Group High
YTD
% Rank: --
-1.231B Peer Group Low
-1.231B Peer Group High
10 Years
% Rank: --
-28.96B Peer Group Low
27.24B 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
2019
2020
2021
2022
2023
2024
2025
YTD
--
--
--
0.46%
12.24%
13.36%
9.75%
0.62%
8.72%
7.51%
-1.54%
-13.01%
5.53%
1.25%
7.30%
0.01%
--
--
--
--
--
--
14.22%
1.41%
2.61%
7.37%
-1.10%
1.23%
18.66%
18.91%
18.70%
0.62%
7.59%
5.92%
6.66%
-4.48%
18.94%
11.51%
6.32%
0.39%
12.64%
2.86%
13.17%
-3.37%
4.82%
5.93%
5.38%
0.00%
As of January 18, 2026.

Fundamentals

General
Distribution Yield --
Dividend Yield TTM (1-15-26) 8.40%
30-Day SEC Yield --
7-Day SEC Yield --
Number of Holdings 78
Bond
Yield to Maturity (9-30-25) 7.18%
Effective Duration --
Average Coupon 7.64%
Calculated Average Quality 2.968
Effective Maturity 9.841
Nominal Maturity 9.841
Number of Bond Holdings 66
As of September 30, 2025

Asset Allocation

As of September 30, 2025.
Type % Net
Cash -16.47%
Stock 0.29%
Bond 105.9%
Convertible 0.00%
Preferred 11.34%
Other -1.06%
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Top 10 Holdings

Name % Weight Price % Change
FREMF MORTGAGE TRUST 21KF98 CS FLT 12.70185% 25-DEC-2030
7.66% -- --
FREMF MORTGAGE TRUST 20KF88 C FLT 6.72145% 25-SEP-2030
5.49% -- --
PARK WEST PFD
5.23% -- --
BX TRUST 25VLT7 A SEQ FLT 5.65896% 15-JUL-2044
4.38% -- --
FREMF MORTGAGE TRUST 20KF83 C SEQ FLT 6.37773% 25-JUL-2030
3.61% -- --
GM PALACE BTS PFD
3.52% -- --
BX COMMERCIAL MORTGAGE TRUST 24AIRC D SEQ FLT 7.23923% 15-AUG-2041
3.02% -- --
Fidelity Instl Treasury Portfolio I 2.99% 1.00 0.00%
THE IVY MEZZ FRN 08-MAY-2028
2.94% -- --
GS MORTGAGE SECURITIES CORPORATION TRUST 25800D A FLT 6.68217% 20-NOV-2041
2.93% -- --

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
Equity Style --
Broad Asset Class Taxable Bond
Broad Category Fixed Income
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 (1-15-26) 8.40%
30-Day SEC Yield --
7-Day SEC Yield --
Number of Holdings 78
Bond
Yield to Maturity (9-30-25) 7.18%
Effective Duration --
Average Coupon 7.64%
Calculated Average Quality 2.968
Effective Maturity 9.841
Nominal Maturity 9.841
Number of Bond Holdings 66
As of September 30, 2025

Fund Details

Key Dates
Launch Date 4/16/2021
Share Classes
FORAX Inst
FORBX K
Attributes
Inverse Fund No
Leveraged Fund Yes
Currency Hedged Fund --
Socially Responsible Fund No

Top Portfolio Holders

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