Corporate Bond Fund – Featured

January 11, 2022
Written by Evan Warburton

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Fixed Income – May 2024

Highlights The Fund enjoyed one of its best performing months in May. Key contributors were Novavax convertible bonds, Fannie Mae preferred shares, Lucid Group Inc., Emergent BioSolutions, and OPKO Health Inc., along with numerous Canadian preferred shares. Two detractors were EchoStar Corp and American Tire Distributors Holdings Inc. The Pender Corporate Bond Fund enjoyed one of its best performing months in May, returning 2.5%[1]. Specific credit catalysts provided a performance boost, and these occurred within the context of a generally positive bond market. Download the PDF. Key contributors for the period included our position in Novavax Inc. convertible bonds that…

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