Bond Universe Fund – Featured
January 11, 2022
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Bond Universe – Oct-Dec 2022
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 respectable 5.3% of relative outperformance compared to its benchmark. The Fund’s positive return over the last six months of the year was aided somewhat by its exposure to higher yield credit through its Pender Corporate Bond Fund holdings. Download PDF 2022 in general was a very poor year for long duration bonds, with the iShares 20 Plus Year Treasury Bond ETF (NASDQ: TLT) down over…
