Corporate Bond Fund – Featured
January 11, 2022
The Latest
Fixed Income – June 2024
Highlights Performance drivers included our positions McDermott International Ltd and Hughes Satellite Systems Corp. Detractors included issuers active in producing materials for clean energy industries, including platinum group miner Sibanye Stillwater and rare earths processor MP Materials. We view the sector as a long-term growth industry and continue to build positions here. Portfolio additions included a five-year loan facility to Conifex Timber Inc., a publicly listed sawmill business and the senior unsecured notes of Aris Mining Corp., operators of a high-grade gold mine in Colombia. Fund Manager's Commentary The Pender Corporate Bond Fund continued rolling in June, returning 1.2%[1], a…
