Pender Strategic Growth and Income Fund
The Pender Strategic Growth and Income Fund (formerly the Pender Balanced Fund) is a conservatively managed balanced fund. Our investment team believes that at any point in time, individual securities, sectors or asset classes can become mispriced so the Fund is also designed to be opportunistic. The Pender Strategic Growth and Income Fund has a flexible mandate that can move from 80/20 to 20/80 fixed income/equity. It looks for securities with the best risk/return balance, regardless of whether that is through capital appreciation or income.
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- Pender Strategic Growth & Income Fund - Fund Facts (A Class)
- Pender Strategic Growth & Income Fund - Fund Facts (D Class)
- Pender Strategic Growth & Income Fund - Fund Facts (F Class)
- Pender Strategic Growth & Income Fund - Fund Facts (H Class)
- Pender Strategic Growth & Income Fund - Fund Facts (I Class)
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The Latest
Pender Corporate Bond Fund – Manager’s Commentary – Geoff Castle – July 2018
The Pender Corporate Bond Fund returned 0.3% in July, a result fairly close to the underlying run-rate yield of the securities held. Strong performers for the Fund in July included our position in bonds and preferred shares of Aimia Inc., which rallied on unsolicited bids for the company’s assets from Air Canada and AeroMexico. Further strength came from a rise in prices of convertible shares of Energy Fuels Inc., as mine closures in the uranium sector pushed the underlying stock price close to conversion parity. The gains above were offset, to a degree, by weakness in bonds of Global Brokerage which fell on a position liquidation by a significant holder, and also in convertible notes of SunPower Corp, where lingering tariff concerns weighed. The Corporate credit market overall was relatively stable in July. Corporate credit spreads in both high yield and investment grade tightened somewhat, with the move being offset…
