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.
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 under the Documents tab and the Simplified Prospectus dated August 29, 2022, available on SEDAR+ at www.sedarplus.ca or under the Legal & Financial tab.
| Performance (%) – 2024-03-28 | 1 Mo. | 3 Mo. | 6 Mo. | 1 Yr. | 2 Yr. | 3 Yr. | 5 Yr. | 10 Yr. | YTD | Since Inception |
|---|---|---|---|---|---|---|---|---|---|---|
| A | 1.4 | 2.3 | 4.1 | 5.3 | 2.3 | 4.9 | ||||
| F | 1.5 | 2.6 | 4.6 | 6.2 | 2.6 | 5.9 |
Standard Performance Data is subject to important disclosures set out in our Disclaimer
Class Fund Codes Description MER* before performance fee MER* Minimum Investment: Initial/[Subsequent] A PGF 1200 Front End 2.55% 2.90% $5000 / [$100] F PGF 1210 Fee Based 1.44% 2.07% $5000 / [$100] I PGF 1250 Fee Based – HNW 1.27% 1.84% $100,000 / [$100] * MERs are as of 2023-12-31. 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.
Asset Class: Alternative Multi-Strategy Inception Date: September 1, 2022 Valuation Frequency: Daily Eligibility: Canada-Wide, Registered Plans Distributions: DRIP quarterly, cash optional Benchmark: 9% FTSE Canada Universe Bond Index,
25% ICE BofA US High Yield Index,
33% HFRI Credit Index (Hedged to CAD),
33% HFRI ED: Merger Arbitrage Index (Hedged to CAD)Performance Fee: Performance fees equal 15% of the amount by which the total return of the class of units exceeds a 3% hurdle rate
Portfolio Manager: David Barr, CFA.
KNOW YOUR PRODUCT
Pender Alternative Multi-Strategy Income Fund – March 31, 2024
Resources
Monthly
Pender Alternative Multi-Strategy Income Fund – Class F
Annual (POS)
- Pender Alternative Multi-Strategy Income Fund- Fund Facts – CAD – Class A
- Pender Alternative Multi-Strategy Income Fund – Fund Facts – CAD – Class F
- Pender Alternative Multi-Strategy Income Fund – Fund Facts – CAD – Class I
For More Visit: Legal & Financial
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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