Bond Universe Fund – Featured
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Bond Universe – Q1 2024
Highlights A strong March characterized by strength in credit lifted the Fund into positive territory for the quarter ended March 31, 2024. Key contributors included Occidental Petroleum and OPKO Health. Currently the Fund has a 22% weight in non-investment grade holdings achieved though exposure to the Pender Corporate Bond Fund units along with select non-IG bonds. Duration is little changed from the previous quarter-end. A strong March lifted the Fund into positive territory for the quarter ended March 31, 2024. The class F units were up 1.5% in Q1 which represented 1% of relative outperformance over the period vs the…