Performance (%) – October 31, 2023 1 Mo. 3 Mo. 6 Mo. 1 Yr. 2 Yr. 5 Yr. 10 Yr. YTD Since Inception Class A 0.5 2.5 3.1 7.6 6.5 6.1 6.5 Class F 0.5 2.8 3.5 8.4 7.2 6.8 7.2 
Class Fund Codes Description MER* before performance fee MER* Minimum Investment: Initial/[Subsequent] A PGF 2000 Front End 2.55% 2.55% $5,000 / [$100] F PGF 2010 Fee Based 1.42% 1.61% $5,000 / [$100] H PGF 2040 Front End – HNW 2.17% 2.18% $100,000 / [$100] I PGF 2050 Fee Based – HNW 1.23% 1.51% $100,000 / [$100] A (US$) PGF 2001 Front End 2.41% 2.59% $5,000 / [$100] F (US$) PGF 2011 Fee Based 1.37% 2.11% $5,000 / [$100] H (US$) PGF 2041 Front End – HNW 2.11% 2.31% $100,000 / [$100] I (US$) PGF 2051 Fee Based – HNW 1.40% 2.20% $100,000 / [$100] *As at 2023-06-30. The management expense ratio (“MER”) is calculated based on expenses charged to the fund inclusive of applicable taxes including GST and HST (excluding commissions and other portfolio transaction costs) and is expressed as an annualized percentage of average net assets for the period/year. The applicable taxes are calculated using the attribution percentage for each province based on unitholder residency.
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 – September 30, 2023
Monthly
- Pender Alternative Absolute Return Fund – Profile Sheet – CAD – Class A
- Pender Alternative Absolute Return Fund – Profile Sheet – CAD – Class F
- Pender Alternative Absolute Return Fund – Profile Sheet – CAD – Class I
Annual (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 – October 2023
Highlights Both widening credit spreads and higher government yields negatively impacted returns for the month. The Fund increased market exposure with the focus on high-quality, high yield bonds trading at attractive discounts to par. The Fund finished the month with our highest exposure to the market all year - about 80% net long excluding positions in short term government securities (in early November, we sold into strength taking our net long exposure to about 50%.). The Pender Alternative Absolute Return Fund finished October with a return of 0.5% bringing year to date returns to 6.8%[1]. Download the PDF. Financial markets…
Standard Performance Data is subject to important disclosures set out in our Disclaimer
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Portfolio Manager Justin Jacobsen provided an update on Pender Alternative Absolute Return Fund on September 6, 2023.
Justin Jacobsen
Portfolio Manager
Justin is the Portfolio Manager of the Pender Alternative Absolute Return Fund. He joined Pender in August 2021.
