Every subscription is reviewed and approved by Drake Financial Ltd., a registered exempt market dealer — independently of Tawakkul. Why that matters
Tool
Growth calculator.
Compound arithmetic on a rate you choose. It shows you what a rate of return would produce if it were achieved every year without exception — which is not how any investment behaves.
This is a compound arithmetic illustration on a rate you choose, not a projection of what you will receive. Real results vary year to year and can be negative. The Offering Memorandum sets out the Asset Manager's target return parameters in full, with the assumptions behind them — read them there before you rely on any figure.
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The box opens at 12% because that is the Trust's target return, net of all fees. A target is not a promise. It is expected over time as acquisitions close and assets stabilise; returns and distributions are not guaranteed, are not expected to be immediate, and there is no assurance the target will be achieved. Change the number and watch what happens — that swing is the risk you are being asked to take.
Nothing here is stored or sent. Change the rate to see how much of the outcome is the rate rather than the plan.
You would have contributed—
Growth, at the rate you entered—
Value at the end—
What that would buy, in today's money—
Enter a rate above, or press one of the buttons, and the arithmetic appears.
What the chart cannot show you. A smooth curve is the one thing real investing never produces. Property is illiquid, distributions vary with occupancy and expenses, net asset value is struck periodically rather than daily, and a single bad year changes the shape of everything after it. If a curve like this is what persuades you to invest, the honest advice is to read the risk factors in the Offering Memorandum instead — they are a more accurate picture of the range of outcomes.
Where does the 12% come from?
It is the Trust's target return, net of all fees, and it appears in the material your dealing representative works from. A target is a goal the Asset Manager is managing towards, based on its assumptions and modelling — not a promise, not a guarantee, and not something anyone can assure you of. It is expected over time as acquisitions close and assets stabilise, which is also why no distributions are anticipated in the first one to five years.
What does the Offering Memorandum say about returns?
It states that the Asset Manager has developed internal target return parameters — and it is careful about what that means. Those targets are described in the document as forward-looking information based on the Asset Manager's assumptions, expectations and modelling as at the date of the document, and it says in terms that actual results may differ materially, including adversely, and that there can be no assurance the targets will be achieved. They are not a promise, a projection of what you will receive, or a figure this page will reproduce out of context. Read them in the Offering Memorandum, where they appear with those qualifications attached, and discuss them with your dealing representative.
Why show this at all?
Because the arithmetic of compounding is worth understanding, and because seeing how far the outcome swings when you change the rate is itself the lesson. Try 6% and then 12% and look at the difference — that gap is the risk you are being asked to take, and it is larger than most people expect.
What is the 'in today's money' line?
The same final figure with inflation removed, using the Bank of Canada's stated inflation target of two per cent. A calculator that shows only the nominal number makes every rate look better than it is. The gap between those two lines is the part of the growth that exists only because prices went up too.
What return has the fund actually achieved?
Historical results, where they exist, are in the Offering Memorandum and in the audited financial statements. Ask your dealing representative for them. Past results, in any case, do not indicate future ones.
This call explains the Trust and helps with the paperwork. It is not advice — whether an investment suits you is assessed by Drake Financial Ltd., a registered exempt market dealer, independently of Tawakkul.
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