Pender Alternative Multi-Strategy Income Fund

The Pender Alternative Multi-Strategy Income Fund is a diversified portfolio that aims to deliver low volatility returns, with a focus on capital preservation. The portfolio is structured as a fund of funds and leverages Pender’s capabilities across credit and liquid alternative strategies. The combination of these strategies should deliver income to its investors that is variable and based on the income generated in the underlying investments.

Performance (%) - May 30, 20251 Mo.3 Mo.6 Mo.1 Yr.2 Yr.3 Yr.5 Yr.10 Yr.15 Yr.YTDSince InceptionInception Date
A0.3-0.31.55.05.91.05.02022-09-01
F0.30.02.16.16.81.46.02022-09-01
Annual Performance (%)20172018201920202021202220232024YTD
A4.07.61.0
F4.88.61.4

Standard Performance Data is subject to important disclosures set out in our Disclaimer.

  • Class Code DescriptionMER1 Before Performance FeeTrailerPerformance Fee2Min. Investment: Initial/[Subsequent]
    APGF 1200Front End2.52%1.00%15% / 3% hurdle$5,000/[$100]
    FPGF 1210Fee Based1.41%15% / 3% hurdle$5,000/[$100]
    IPGF 1250Fee Based – HNW1.22%15% / 3% hurdle$100,000/[$100]

    1 As at 31-12-2024. The management expense ratio (“MER”) is calculated based on expenses charged to the fund inclusive of applicable taxes including GST and HST (excluding commissions and other portfolio transaction costs) and is expressed as an annualized percentage of average net assets for the period/year. The applicable taxes are calculated using the attribution percentage for each province based on unitholder residency.

    2 15% of the amount by which the total return of the class of units exceeds a 3% hurdle rate.

    Asset Class: Alternative Multi-Strategy
    Inception Date: September 1, 2022
    Valuation Frequency: Daily
    Distributions: DRIP Monthly, Cash Optional
    Benchmark: Blended Benchmark (9% DEX, 25% ICE BofA, 33% HFRICRDT, 33% HFRIMAI)
    Performance Fee: 15% of the amount by which the total return of the class of units exceeds a 3% hurdle rate.
    Portfolio Manager: David Barr, CFA

    Distributions Footnote: Effective January 31, 2025, the distribution frequency was changed from Quarterly to Monthly with targeted distributions monthly.  Target Annual Distribution Rate is 5%.  The Fund will also distribute, in respect of each taxation year, any net income and any net realized capital gain in excess of the monthly distributions by December 31 of each to reduce the Funds income tax liability. Any distribution made in excess of the Fund’s cumulative income and capital gains generated represents a return of capital. The monthly distribution rate may change at any time if market conditions change. The monthly distribution amounts are determined by looking at the NAV or the unit price, as applicable, on December 31 of the previous year.

  • KNOW YOUR PRODUCT

    Pender Alternative Multi-Strategy Income Fund –  March 31, 2025

    Resources

    Monthly

    Pender Alternative Multi-Strategy Income Fund – Class F

    Annual (POS)

    For More Visit: Legal & Financial

As at Sept. 1, 2022 (the “Conversion Date”), the Fund amended its investment objectives and strategies and converted from a conventional mutual fund to an alternative mutual fund. For further information, please see the news release and the Simplified Prospectus dated August 29, 2022, available on SEDAR+ at www.sedarplus.ca or under the Legal & Financial tab.

David Barr

David Barr

CEO & Portfolio Manager

Mr. Barr is the CEO of Pender. He is also the Portfolio Manager of several of Pender’s funds.

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