Investment Management

Mortgage Income Funds

Global Fund Overview

Sterling Mortgage Income Fund Ltd. (“SMIF”), is an open-ended Mortgage Investment Fund established in February 2012. SMIF aims to deliver a consistent yield of over 10% while providing for protection of principal via a diversified portfolio of high quality mortgages.

Monthly Returns (%)

Jan Feb Mar Apr May Jun Jul Aug Sept Oct Nov Dec Year
2012 3.03 2.86 0.76 2.20 1.28 1.25 1.32 1.69 1.18 1.12 1.01 19.27
2013 0.92 0.80 1.18 0.91 0.9 1.15 1.18 1.08 0.96 1.07 0.89 1.50 13.28
2014 1.08 0.91 1.15 0.95 1.10 1.02 1.29 1.26 1.42 1.21 1.10 1.20 14.58
2015 1.12 0.94 1.08 1.00 0.91 1.31 1.17 1.06 1.07 1.24 0.90 1.18 13.80
2016 1.06 0.88 1.03 0.86 1.12 0.97 0.81 0.82 0.97 1.16 0.93 0.95 12.20
2017 0.83 0.80 1.02 0.86 0.80 0.86 0.81 0.67 0.71 0.81 1.03 0.89 10.65
2018 0.95 0.99 0.83 0.83 0.90 0.86 0.91 0.86 0.91 0.85 0.84 1.06 11.33
2019 0.90 0.87 0.83 0.81 0.96 0.79 0.80 0.79 0.91 0.74 0.88 0.97 10.74
2020 0.82 0.76 0.94 0.93 1.02 0.98 0.95 0.86 0.87 0.85 0.80 0.80 11.11
2021 0.83 0.84 0.76 0.86 0.79 0.83 1.01 0.83 0.80 0.85 0.88 1.10 10.88
2022 0.87 0.80 0.85 0.80 0.81 0.78 0.86 0.79 1.13 0.87 1.03 2.36 12.60
2023 0.83 0.83 0.85 0.83 0.87 0.91 0.80 1.00 0.83 0.85 0.81 2.40 12.45
2024 0.87 0.80 0.81 1.03 0.79 0.76 5.15
Period Net Return*
YTD** 5.15%
1 Year 12.34%
3 Year 12.02%
5 Year 11.52%
10 Year 11.89%
Since Inception (2012) 12.71%
* Net returns are annualized based on USD Class shares and assumes reinvestments of all distributions.

Portfolio Breakdown

Security Ranking
Asset Class Exposure
Size

Commentary

Download our 2023 Global Fund Q2 Investor Letter.

How to invest

Sterling Mortgage Income Fund Ltd. is available via Offering Memorandum to investors who qualify as “accredited investors”. If you qualify as an accredited investor and are interested in receiving a copy of the offering memorandum please complete the form below or please call us at (242) 677-1900.





    Canadian Fund Overview

    The Canadian Trust is a feeder fund set up to allow Accredited investors to invest in Sterling Mortgage Income Fund Ltd. (“SMIF”), an open-ended Mortgage Investment Fund established in February 2012 (the “Global Fund”). SMIF aims to deliver a consistent yield while focused on protection of principal. SMIF originates high quality mortgages on a diversified basis to achieve a targeted overall net return to investors of over 10%.

    Monthly Returns (%)

    Jan Feb Mar Apr May Jun Jul Aug Sept Oct Nov Dec Year
    2016 0.79 0.69 0.72 0.88 1.04 0.76 0.83 5.71
    2017 0.80 0.75 0.96 0.81 0.80 0.81 0.78 0.61 0.67 0.76 0.98 0.85 9.57
    2018 0.90 0.93 0.79 0.78 0.86 0.83 0.87 0.82 0.88 0.81 0.80 1.03 10.30
    2019 0.85 0.84 0.80 0.77 0.94 0.76 0.77 0.76 0.86 0.72 0.84 0.93 9.84
    2020 0.80 0.72 0.91 0.91 0.99 0.95 0.9 0.84 0.85 0.83 0.78 0.78 10.77
    2021 0.82 0.81 0.73 0.82 0.77 0.82 1.05 0.76 0.78 0.84 0.86 1.08 10.62
    2022 0.84 0.79 0.82 0.79 0.79 0.76 0.84 0.77 1.11 0.83 1.00 2.34 12.30
    2023 0.80 0.79 0.83 0.82 0.86 0.89 0.78 0.98 0.81 0.86 0.80 2.39 12.23
    2024 0.85 0.78 0.79 1.01 0.77 4.27
    Period Net Return*
    YTD** 4.27%
    1 Year 12.31%
    3 Year 11.80%
    5 Year 11.23%
    Since Inception (2016) 10.92%
    * Net returns are annualized based on USD Class shares and assumes reinvestments of all distributions.

    Portfolio Breakdown

    Security Ranking
    Asset Class Exposure
    Size

    Commentary

    Download our 2024 Canadian Fund Q1 Investor Letter.

    How to invest

    Sterling Mortgage Fund Ltd. is available via Offering Memorandum to investors who qualify as “accredited investors”. If you qualify as an accredited investor and are interested in receiving a copy of the offering memorandum please call us at (242) 677-1900.

    Class Fundserv Code Description
    Class C ICN9000 CDN$ Front Load (up to 3.5%)
    Class UC ICN9100 US$ Front Load (up to 3.5%)
    Class F ICN9200 CDN$ Fee Based
    Class UF ICN9300 US$ Fee Based
    Class A ICN9600 CDN$ Trailer (100 bps)
    Class UA ICN9700 US$ Trailer (100 bps)
    * Sterling Mortgage Income Fund is available via Offering Memorandum to investors who quality as "accredited investors". If you quality as an accredited investor and are interested in receiving a copy of the offering memorandum please contact your registered investment advisor or contact us at info@sterlinggloballtd.com.

    United States Fund Overview

    Sterling Real Estate Credit Fund (SCRED) is a uniquely structured private evergreen real estate credit fund that focuses on senior and junior bridge type debt offerings to seasoned developers and commercial and residential property owners, with a sector focus on marinas, hospitality, multi-family, residential, and mixed-use projects.

     

    The fund is managed by Sterling Global Financial.  U.S. investors can find more information at www.scredus.com

    Monthly Returns (%)

    Portfolio Breakdown

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    Commentary

    How to invest

     

     

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    Private Equity Funds

    Sterling’s Private Equity Funds focus on opportunistic, value-add equity investments in the United States, Canada, the Caribbean and Europe.

    Our funds seek to benefit from access to fundamentally sound real estate, including development opportunities that are financially challenged in markets where Sterling has both extensive real estate experience and existing platforms. Leveraging relationships with developers, real estate private equity firms, private family investors, entrepreneurs and financial institutions, Sterling identifies opportunities and, upon acquisition, provides value-add initiatives to maximize total returns.

    Limited Partnership Opportunities

    Select opportunities are offered to Sterling’s valued investor relationships for co-investment with Sterling funds and management.