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.

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Since Inception returns are from January 2020. All returns greater than a year are annual compounded returns.

Performance (%) - March 31, 20251 Mo.3 Mo.6 Mo.1 Yr.2 Yr.3 Yr.5 Yr.10 Yr.15 Yr.YTDSince InceptionInception Date
A-0.12.12.58.57.04.23.92.13.12020-01-31
F0.02.22.79.17.64.74.42.23.62020-01-31
Annual Performance (%)20172018201920202021202220232024YTD
A1.5-6.96.47.32.1
F2.0-6.46.98.02.2
Distributions Per Unit ($)Aug'24Sep'24Oct'24Nov'24Dec'24Jan'25Feb'25Mar'25Since Inception
A0.020.020.030.020.020.040.020.031.57
F0.020.030.030.020.020.040.020.031.79

Standard Performance Data is subject to important disclosures set out in our Disclaimer.

  • Asset Allocation(%)
    US Corporate Bonds34.8
    Canadian Corporate Bonds33.1
    Government Bonds14.9
    Foreign Corporate Bonds8.8
    Cash5.3
    Term Loans1.5
    US Equities0.7
    Canadian Equities0.6
    Closed End Funds0.3
    Sector Allocation(%)
    Industrials15.4
    Government Bonds14.9
    Utilities13.6
    Energy10.1
    Information Technology7.1
    Consumer Discretionary7.0
    Consumer Staples5.7
    Cash5.3
    Insurance5.0
    Financial Services4.8
    Health Care4.2
    Real Estate3.4
    Materials2.2
    Communication Services1.0
    Closed End Funds0.3
    Currency Allocation(%)
    CAD56.8
    USD43.2
    Top 10 HoldingsFund (%)
    Pender Corporate Bond Fund20.0
    McDonald's Corporation, 4.857%, 21-May-315.8
    Waste Management of Canada Corporation, 2.600%, 23-Sep-265.4
    Thomson Reuters Corporation, 2.239%, 14-May-254.0
    Government of Canada, 2.250%, 01-Jun-293.8
    Canadian National Railway Company, 3.200%, 31-Jul-283.3
    Verisign Inc, 4.750%, 15-Jul-273.1
    Cameco Corporation, 2.950%, 21-Oct-272.9
    Loblaw Companies Limited, 4.488%, 11-Dec-282.8
    FirstEnergy Corp., 2.650%, 01-Mar-302.8
    Total Percentage of Top 10 Holdings53.90%
    Total Net Assets of Fund$92,109,870
  • Class Code DescriptionMER1TrailerMin. Investment: Initial/[Subsequent]
    APGF 1400Front End1.18%0.35%$5,000/[$100]
    FPGF 1410Fee Based0.64%$5,000/[$100]
    F (USD)PGF 1411Fee Based0.67%$5,000/[$100]

    1 As at 31-12-2024. 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: Fixed Income Securities
    Inception Date: January 31, 2020
    Valuation Frequency: Daily
    Distributions: DRIP Monthly, Cash Optional
    Benchmark: FTSE/TMX Canada Universe Bond Index (CAD)
    Portfolio Manager: Geoff Castle,
    Portfolio Manager: Emily Wheeler, CFA

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  • The Latest

    Pender Bond Universe Fund – Q1 2025

    The Class F units of the Pender Bond Universe Fund were up 2.2%[1] in the first quarter of 2025. The Fund outperformed its benchmark, FTSE/TMX Canada Universe Bond Index, by 0.2% over the period. Almost all of the Fund’s holdings contributed positively in Q1 as the environment for both rates and line-item credit positions was broadly favourable. Download the PDF. Rates Backdrop Evidenced by over a 90% increase in the Global Economic Policy Uncertainty Index since October 2024[2], tariff disputes and policy uncertainty in general impacted consumer confidence and investor sentiment in Q1. With the S&P 500 down 4.6% in…

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