Pender Alternative Absolute Return Fund
The Pender Alternative Absolute Return Fund is a flexible, high yield focused alternative credit strategy that aims to produce positive absolute returns at all stages of the economic cycle. This low-risk strategy can be used to provide diversification benefits to clients with low correlation to traditional equity and fixed income investments.
Pender Alternative Absolute Return Fund Webinar
Please join host, Geoff Scott with Portfolio Manager Justin Jacobsen for an overview of the Fund and how it aims to generate returns in today’s challenging fixed income environment.
Performance information for this Fund will be added at the one year anniversary of the Fund’s inception.
Holdings information for this Fund will be added to this page in early 2022.
Class Fund Codes Description Management Fee Minimum Investment: Initial/[Subsequent] A PGF 2000 Front End 1.80% $5,000 / [$100] AF PGF 2002 Front End 1.15% $5,000 / [$100] F PGF 2010 Fee Based 0.80% $5,000 / [$100] FF PGF 2012 Fee Based 0.15% $5,000 / [$100] H PGF 2040 Front End – HNW 1.50% $100,000 / [$100] I PGF 2050 Fee Based – HNW 0.65% $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
Resources
Fund Fact Sheet
- Pender Alternative Absolute Return Fund – Fund Facts – undergoing update
Annual (POS)
- Pender Alternative Absolute Return Fund – Fund Facts (Class A)
- Pender Alternative Absolute Return Fund – Fund Facts (Class AF)
- Pender Alternative Absolute Return Fund – Fund Facts (Class F)
- Pender Alternative Absolute Return Fund – Fund Facts (Class FF)
- Pender Alternative Absolute Return Fund – Fund Facts (Class H)
- Pender Alternative Absolute Return Fund – Fund Facts (Class I)
For More Visit: Legal & Financial
The Latest
Alternative Absolute Return – Manager’s Commentary – December 2021
Dear Unitholders, The Pender Alternative Absolute Return Fund finished December with a unit price of $9.99 and distributions of $0.03 per unit[1]. Download PDF December was a buoyant month for risk assets, with credit markets participating in the dramatic turnaround as they took comfort in the relative lower virulence of the Omicron variant of COVID. All this, while shrugging off a hawkish pivot and an accelerated taper from the Federal Reserve. Aided by a strong seasonal technical dynamic with no new issues pricing in the second half of the month, the Bloomberg Barclays High Yield Index returned 1.87% for its…
Justin Jacobsen
Portfolio Manager
Justin is the Portfolio Manager of the Pender Alternative Absolute Return Fund. He joined Pender in August 2021.
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