Performance (%) – Apr. 30 2022 1 Mo. 3 Mo. 6 Mo. 1 Yr. 3 Yr. 5 Yr. 10 Yr. YTD Since Inception Class A 0.8 1.4 4.4 7.0 2.9 6.6 Class F 0.8 1.7 4.7 7.7 3.2 7.2 
Class Fund Codes Description MER* Minimum Investment: Initial/[Subsequent] A PGF 2000 Front End 4.04% $5,000 / [$100] F PGF 2010 Fee Based 3.57% $5,000 / [$100] H PGF 2040 Front End – HNW 4.18% $100,000 / [$100] I PGF 2050 Fee Based – HNW 3.45% $100,000 / [$100] * MERs are as of 2022-12-31
Class Fund Codes Description Management Fee Admin Fee Minimum Investment: Initial/[Subsequent] A (US$) PGF 2001 Front End 1.80% 0.50% $5,000 / [$100] F (US$) PGF 2011 Fee Based 0.80% 0.50% $5,000 / [$100] H (US$) PGF 2041 Front End – HNW 1.50% 0.50% $100,000 / [$100] I (US$) PGF 2051 Fee Based – HNW 0.65% 0.50% $100,000 / [$100] Asset Class: Alternative Absolute Return Inception Date: September 1, 2021 Risk Rating: Low Valuation Frequency: Daily Distributions: Monthly Performance Fee: 15% of the amount by which the total return of the class of units exceeds a 3% hurdle rate. Portfolio Manager: Justin Jacobsen, CFA
Pender Alternative Absolute Return Fund – March 31, 2023
Monthly
Pender Alternative Absolute Return Fund – Profile Sheet – Class A
Pender Alternative Absolute Return Fund – Profile Sheet – Class F
Pender Alternative Absolute Return Fund – Profile Sheet – Class IAnnual (POS)
- Pender Alternative Absolute Return Fund – Fund Facts CAD (Class A)
- Pender Alternative Absolute Return Fund – Fund Facts USD (Class A)
- Pender Alternative Absolute Return Fund – Fund Facts CAD (Class F)
- Pender Alternative Absolute Return Fund – Fund Facts USD (Class F)
- Pender Alternative Absolute Return Fund – Fund Facts CAD (Class H)
- Pender Alternative Absolute Return Fund – Fund Facts USD (Class H)
- Pender Alternative Absolute Return Fund – Fund Facts CAD (Class I)
- Pender Alternative Absolute Return Fund – Fund Facts USD (Class I)
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The Latest
Alternative Absolute Return – May 2023
HIGHLIGHTS With improved valuations, the Fund added to long credit positions, while also topping up short positions in equity index ETFs. We believe that the divergence between credit and equities, which has been widening since March, will eventually mean revert, as credit conditions are typically a leading indicator of economic activity and asset prices. The Fund has maintained equity index hedges for the past 18 months, but we have tilted the Fund towards large-cap indices recently in response to valuations. We believe that some of the most mispriced securities in the market are preferred shares and the Fund established positions…
Standard Performance Data is subject to important disclosures set out in our Disclaimer
Justin Jacobsen
Portfolio Manager
Justin is the Portfolio Manager of the Pender Alternative Absolute Return Fund. He joined Pender in August 2021.
