Performance (%) – Feb. 28 2022 1 Mo. 3 Mo. 6 Mo. 1 Yr. 3 Yr. 5 Yr. 10 Yr. YTD Since Inception Class A 0.8 3.5 5.6 7.1 2.3 7.0 Class F 0.9 3.6 5.9 7.9 2.4 7.6 
Class Fund Codes Description MER* Minimum Investment: Initial/[Subsequent] A PGF 2000 Front End 2.41% $5,000 / [$100] F PGF 2010 Fee Based 1.38% $5,000 / [$100] H PGF 2040 Front End – HNW 2.09% $100,000 / [$100] I PGF 2050 Fee Based – HNW 1.15% $100,000 / [$100] * MERs are as of 2022-06-30
Class Fund Codes Description Management Fee Admin Fee Minimum Investment: Initial/[Subsequent] A (US$) PGF 2001 Front End 1.80% 0.50% $5,000 / [$100] F (US$) PGF 2011 Fee Based 0.80% 0.50% $5,000 / [$100] H (US$) PGF 2041 Front End – HNW 1.50% 0.50% $100,000 / [$100] I (US$) PGF 2051 Fee Based – HNW 0.65% 0.50% $100,000 / [$100] Asset Class: Alternative Absolute Return Inception Date: September 1, 2021 Risk Rating: Low Valuation Frequency: Daily Distributions: Monthly Performance Fee: 15% of the amount by which the total return of the class of units exceeds a 3% hurdle rate. Portfolio Manager: Justin Jacobsen, CFA
Pender Alternative Absolute Return Fund – December 31, 2022
Monthly
Pender Alternative Absolute Return Fund – Profile Sheet – Class A
Pender Alternative Absolute Return Fund – Profile Sheet – Class F
Pender Alternative Absolute Return Fund – Profile Sheet – Class IAnnual (POS)
- Pender Alternative Absolute Return Fund – Fund Facts CAD (Class A)
- Pender Alternative Absolute Return Fund – Fund Facts USD (Class A)
- Pender Alternative Absolute Return Fund – Fund Facts CAD (Class F)
- Pender Alternative Absolute Return Fund – Fund Facts USD (Class F)
- Pender Alternative Absolute Return Fund – Fund Facts CAD (Class H)
- Pender Alternative Absolute Return Fund – Fund Facts USD (Class H)
- Pender Alternative Absolute Return Fund – Fund Facts CAD (Class I)
- Pender Alternative Absolute Return Fund – Fund Facts USD (Class I)
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The Latest
Alternative Absolute Return – February 2023
HIGHLIGHTS The Fund’s positioning was very defensive to start the month and finished with more market exposure compared to the end of January. However, we remain positioned defensively as spreads are tighter than the historic average, with near-term risks for asset prices skewed to the downside in our view. We added to holdings that are likely to earn better than an 8% holding period return in higher quality high yield, while also adding to our long exposures in six-month treasury bills with excess cash. There still needs to be an appropriate risk and liquidity premium to justify moving out the…
Standard Performance Data is subject to important disclosures set out in our Disclaimer
Justin Jacobsen
Portfolio Manager
Justin is the Portfolio Manager of the Pender Alternative Absolute Return Fund. He joined Pender in August 2021.
