Pender Corporate Bond Fund
The Pender Corporate Bond Fund is an income fund that is both conservatively managed to preserve capital, as well as opportunistic to generate returns. The Fund is focused on key credit characteristics - coverage, seniority and duration. It is driven by bottom up fundamental analysis, the Fund seeks to use its nimble size to invest in opportunities large or index based funds cannot. This advantage could provide investors with an attractive cash yield, while maintaining positions in attractively valued securities that provide a margin-of-safety for investors.
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Class Fund Codes Description MER (Capped) Minimum Investment: Initial/[Subsequent] A PGF 500 Front End 1.95% $5,000 / [$100] F PGF 510 Fee Based 1.15% $5,000 / [$100] A (US$) PGF 501 Front End 1.95% US$5,000/ [US$100] F (US$) PGF 511 Fee Based 1.15% US$5,000/ [US$100] H PGF 540 Front End - HNW 1.65% $100,000 / [$100] I PGF 550 Fee Based - HNW 1.00% $100,000 / [$100] H (US$) PGF 541 Front End - HNW 1.65% US$100,000 / [$100] I (US$) PGF 551 Fee Based - HNW 1.00% US$100,000 / [$100] D PGF 560 Discount Brokerage 1.40% $5,000 / [$100] Asset Class: Corporate Fixed Income Securities Inception Date: June 1, 2009 Valuation Frequency: Daily Eligibility: Canada-wide, Registered Plans Distributions: DRIP monthly, cash optional Benchmark: FTSE TMX Canada Bond Universe Portfolio Manager: Geoff Castle -
Monthly
- Pender Corporate Bond Fund - Profile Sheet - Class F (CAD)
- Pender Corporate Bond Fund - Profile Sheet - Class F (USD)
- Pender Corporate Bond Fund - Profile Sheet - Class A
Annual (POS)
- Pender Corporate Bond Fund - Fund Facts - CAD (A Class)
- Pender Corporate Bond Fund - Fund Facts - USD (A Class)
- Pender Corporate Bond Fund - Fund Facts - CAD (D Class)
- Pender Corporate Bond Fund - Fund Facts - CAD (F Class)
- Pender Corporate Bond Fund - Fund Facts - USD (F Class)
- Pender Corporate Bond Fund - Fund Facts - CAD (H Class)
- Pender Corporate Bond Fund - Fund Facts - CAD (I Class)
For More Visit: Legal & Financial
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The Latest
Pender Fixed Income – Manager’s Commentary – May 2020
The Pender Corporate Bond Fund gained 3.6%[1] in May, continuing to rebound from the COVID-related drawdown. North American credit markets continued to be well bid as both the Bank of Canada and the US Federal Reserve began to make good on their promises to purchase a variety of credit securities and ETFs. In addition, a recovery in oil prices drove improved sentiment for credit in the resource sector. Download the PDF Leading the Fund’s gains in May were our three largest oil and gas positions; W&T Offshore second liens, our recently added stake in the Chesapeake FILO term loan, and Talos second lien bonds, all of which rallied more than 40% from their April closing levels. Most other positions saw more modest gains. However, returns over ten percent were seen in bonds of civil construction contractor Tutor Perini, which delivered a strong earnings report; secured debt in fuel refiner Par…
Recent Commentaries
- Pender Fixed Income – Manager’s Commentary – April 2020
- Pender Fixed Income – Manager’s Commentary – March 2020
- Pender Fixed Income – Manager’s Commentary – February 2020
- Pender Corporate Bond Fund – Manager’s Commentary – January 2020
- Pender Corporate Bond Fund – Manager’s Commentary – December 2019
Geoff Castle
Portfolio Manager
Mr. Castle is the Portfolio Manager of the Pender Corporate Bond Fund and the Pender Bond Universe Fund. He began his investing career in 2000 and has experience in both public mutual funds and proprietary investment fund management for ultra-high net worth individuals.
Parul Garg
Associate Portfolio Manager
Parul Garg is the Associate Portfolio Manager of the Pender Corporate Bond Fund. She began her investment career in 2009 and has been the fixed income analyst on the Fund since 2015.
