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 1.18% $5,000 / [$100] F PGF 1410 Fee Based 0.67% $5,000 / [$100] *As at 2022-06-30
Asset Class: Fixed Income Securities Inception Date: January 31, 2020 Valuation Frequency: Daily Eligibility: Canada-Wide, Registered Plans Distributions: Drip Monthly, cash optional Benchmark: FTSE/TMX Universe Bond Index Portfolio Manager: Geoff Castle
Associate Portfolio Manager: Emily Wheeler, CFA
The Latest
Bond Universe – Oct-Dec 2022
For the three months ended December 31, 2022, the Pender Bond Universe Fund generated a 0.8%[1] return, outperforming its benchmark by approximately 70bp. For the full year of 2022, the Fund returned -6.4%1, realizing a respectable 5.3% of relative outperformance compared to its benchmark. The Fund’s positive return over the last six months of the year was aided somewhat by its exposure to higher yield credit through its Pender Corporate Bond Fund holdings. Download PDF 2022 in general was a very poor year for long duration bonds, with the iShares 20 Plus Year Treasury Bond ETF (NASDQ: TLT) down over…
Standard Performance Data is subject to important disclosures set out in our Disclaimer
Geoff Castle
Portfolio Manager
Mr. Castle is the Portfolio Manager of the Pender Corporate Bond Fund and the Pender Bond Universe Fund. He began his investing career in 2000 and has experience in both public mutual funds and proprietary investment fund management for ultra-high net worth individuals.
Emily Wheeler
Portfolio Manager
Emily Wheeler joined Pender in October 2019 and is a Portfolio Manager working on the Pender Corporate Bond Fund and the Pender Bond Universe Fund.
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