Pender Bond Universe Fund

The Pender Bond Universe Fund is an income fund with an investment grade focus. The objective of the Fund is to preserve capital and generate returns through current income and capital appreciation. The Fund invests primarily in investment grade fixed income securities. This, however, does not preclude the Fund from making equity investments when the Portfolio Manager deems the risk/reward trade-off to be in the investors’ favor.

Class	Fund Codes	Description	MER*	Minimum Investment: Initial/[Subsequent]
A	PGF 1400	Front End	1.16%	$5,000 / [$100]
F	PGF 1410	Fee Based	0.64%	$5,000 / [$100]
D	PGF 1460	Discount Brokerage	0.82%	$5,000 / [$100]

*As at 2021-12-31

Asset Class: Fixed Income Securities
Inception Date: January 31, 2020
Valuation Frequency: Daily
Eligibility: Registered Plans
Distributions: Drip Monthly, cash optional
Benchmark: FTSE/TMX Universe Bond Index
Portfolio Manager: Geoff Castle Associate Portfolio Manager: Emily Wheeler, CFA

Know Your Product
- Pender Bond Universe Fund Brochure – December 31st, 2021
Monthly
- Pender Bond Universe Fund – Fund Facts (A Class)
- Pender Bond Universe Fund – Fund Facts (F Class)
Annual (POS)
For More Visit: Legal & Financial
The Latest
Bond Universe – Manager’s Commentary – April 2022
In the quarter ended April 30, 2022, the Fund outperformed its benchmark. With the FTSE/TMX Canada Universe Bond Index down 7.0% over the past three months, the Pender Bond Universe Fund’s (PBUF) Class F return of negative 3.9%[1] showed relative strength over the period. Against a backdrop of rising yields along the curve in Canada and the US, Q1 2022 came in as the worst quarterly total return on record for US Investment Grade[2]. The relative outperformance of the Fund compared to its benchmark over this period was achieved through a combination of tight relative duration and exposure to the…
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Recent Commentaries

Emily Wheeler

Associate Portfolio Manager

Emily Wheeler is the Associate Portfolio Manager of the Pender Bond Universe Fund. She began her investing career in 2004. Prior to joining Pender she was at a Vancouver-based investment firm that ran mandates including value, fixed income, growth and several alternative strategies.

Pender Bond Universe Fund

Know Your Product

Monthly

Annual (POS)

The Latest

Bond Universe – Manager’s Commentary – April 2022

Recent Commentaries

Geoff Castle

Portfolio Manager

Emily Wheeler

Associate Portfolio Manager

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