Performance (%) – Dec. 30 2022 1 Mo. 3 Mo. 6 Mo. 1 Yr. 3 Yr. 5 Yr. 10 Yr. YTD Since Inception Class A 1.2 2.6 6.4 5.7 5.7 6.1 Class F 1.2 2.8 6.6 6.3 6.3 6.5 
Class Fund Codes Description MER* Minimum Investment: Initial/[Subsequent] A PGF 2000 Front End 2.41% $5,000 / [$100] F PGF 2010 Fee Based 1.38% $5,000 / [$100] H PGF 2040 Front End – HNW 2.09% $100,000 / [$100] I PGF 2050 Fee Based – HNW 1.15% $100,000 / [$100] * MERs are as of 2022-06-30
Class Fund Codes Description Management Fee Admin Fee Minimum Investment: Initial/[Subsequent] A (US$) 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 – December 31, 2022
Monthly
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 – December 2022
HIGHLIGHTS The Fund added to loan exposures, participating in the TransDigm Group Incorporated (NYSE: TDG) new term loan, and added a position in Maxar Technologies Inc. (Nasdaq: MAXR) 2027 bond. We exited our position in Open Text Corp. (TSX: OTEX) unsecured bonds on strength. The Fund entered the commercial mortgage-backed securities (CMBS) market, buying a BBB-rated tranche of a mortgage loan backed by the Fairmont Austin, a 1,048-room property. There has been robust transaction activity in the Austin hotel market over the past two years. Our Event Driven strategy was active in December as Rogers Communications Inc.’s (TSX: RCI.B) proposed…
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.
