Three Pender Funds Recognized for Consistency and Outperformance During 2024
PenderFund Capital Management Ltd. (“Pender”) is pleased to announce that three of its funds were awarded a FundGrade A+ Award® at the Celebration of Excellence ceremony in Toronto on February 6, 2025.
The Pender Bond Universe Fund, Pender Corporate Bond Fund and Pender Strategic Growth & Income Fund were all winners. This is the sixth consecutive year that the Pender Corporate Bond Fund has been honoured with this award, and this trio of funds were all recipients for the year 2022.
The FundGrade A+® methodology is fully quantitative, with funds assessed monthly using a range of metrics against peers. The goal is to identify and grade funds demonstrating consistent outperformance on a risk-adjusted basis.
“Applying our fundamental investment process consistently, through the good times and the bad, is the bedrock of our firm and our fund success,” said David Barr, CEO. “To have three funds recognized for outperformance over industry peers this year not only demonstrates that consistency of approach but also showcases something we are equally proud of the breadth of our fund line-up.”
“These awards highlight the great work done by our team in not only finding attractive opportunities in the credit markets, but also in carefully following developments at the holding level,” stated Lead Portfolio Manager, Fixed Income, Geoff Castle. “It is only through strong understanding of each issuer’s situation that we are able to put the most weight in areas with the highest return potential.”
“Receiving this Award is a testament to our team’s unwavering dedication to excellence and our differentiated approach to “balanced” and strategic asset allocation across Pender’s award-winning line up,” commented Felix Narhi, Portfolio Manager of the Pender Strategic Growth & Income Fund.
About Fundata Canada Inc.’s FundGrade A+® Rating
The FundGrade A+® rating is used with permission from Fundata Canada Inc., all rights reserved. Fundata is a leading provider of market and investment funds data to the Canadian financial services industry and business media. The FundGrade A+® rating identifies funds that have consistently demonstrated the best risk-adjusted returns throughout an entire calendar year. For more information on the rating system, please visit www.Fundata.com/ProductsServices/FundGrade.aspx.
