Corporate Bond Fund – Featured

January 11, 2022
Written by Evan Warburton

The Latest

Fixed Income – October 2022

Highlights During October there were some bright spots and some challenges, the latter from lower prices across the investment-grade bond complex reacting to a higher yield curve. Bright spots included our positions in McDermott International, Ltd., PetSmart, Inc. The Fund’s flexible mandate opens up opportunities across a variety of security types (term loans, straight bonds, and busted converts) across several overlooked sectors, including: specialty chemicals, dredging, and tire distribution. While not sexy, these opportunities are appealingly inexpensive relative to enterprise value. The Fund added three new positions in the media, energy and live events sectors.   The Pender Corporate Bond…

Continue Reading