Articles by Emily Wheeler

Bond Universe – Q3 September 2023

Written by Emily Wheeler

Highlights We reduced the Fund’s weight in several, shorter-dated, high-quality corporate issuers and government bonds and re-allocated proceeds to longer-dated holdings, including Warner Brothers Discover 5.391% ’62. The Fund’s position in Inflation-Linked Bonds was slightly […]

October 10, 2023

Bond Universe – Mar-Jun 2023

Written by Emily Wheeler

Highlights Positive contributors were shorter-dated, higher-quality lines as well as the Fund’s exposure to credit through the Pender Corporate Bond Fund. With high-yield spreads remaining at approximately 4% at quarter-end and with indicators skewed to […]

July 11, 2023

Bond Universe – Jan-Mar 2023

Written by Emily Wheeler

Highlights For the three months ended March 31, 2023, the Fund generated a 1.9% return.[1] Several high-quality, defensive, relatively longer-dated lines, such as Loblaw Companies Ltd., Verisign Inc. and Bell Canada Enterprises Inc. bolstered performance. […]

April 13, 2023

Bond Universe – Oct-Dec 2022

Written by Emily Wheeler

For the three months ended December 31, 2022, the Pender Bond Universe Fund generated a 0.8%[1] return, outperforming its benchmark by approximately 70bp. For the full year of 2022, the Fund returned -6.4%1, realizing a […]

January 13, 2023

Bond Universe – Q2 2022

Written by Emily Wheeler

For the three months ending July 31, the Fund generated a small but positive return of 0.1%[1], breaking the string of negative quarters that have resulted from the aggressive rate hiking cycle the Fed and […]

August 15, 2022

Bond Universe – April 2022

Written by Emily Wheeler

In the quarter ended April 30, 2022, the Fund outperformed its benchmark. With the FTSE/TMX Canada Universe Bond Index down 7.0% over the past three months, the Pender Bond Universe Fund’s (PBUF) Class F return […]

May 12, 2022

The Pender Bond Universe Fund – Year One

Written by Emily Wheeler

Having passed the one-year mark since the Fund’s inception at the end of January 2020, we are now in a position to report the first full year investment return of the Pender Bond Universe Fund. […]

February 10, 2021