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Funded $ 38,148,352 and received repayments of $ 14,099,748 during fiscal 2014 the target yield and the actual return. e difference between the actual return and the target yield is denoted as performance over target in the chart. Class A and Class B preferred shares participate equally in the earnings and distributions of the Fund. e Fund's target yield is a management determined proxy for the expected market rate of return on an investment with a similar risk profile to that of the Fund, and is calculated by adding the average Government of Canada 2 year benchmark bond yield (series V122538) for the period shown and a premium of 550 basis points. Operational Summary e following chart documents the key monthly activity in the Fund's portfolio since its inception. On the left axis, the columns depict the principal cash flows of the Fund investing in mortgages (funding and repayment of principal) and the shaded area represents aggregate capital deployed into mortgages as of the date presented – to date the Fund has never taken title to real estate through enforcement actions undertaken by the Manager, and accordingly the entire investment portfolio has been comprised of mortgages and cash (cash is not represented in the below chart). On the right axis, the number of individual mortgages comprising the portfolio is presented as a linear data series.