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.
Visit the Pender Fixed Income Hub for all of our latest news, information and articles.
Class Fund Codes Description MER* Minimum Investment: Initial/[Subsequent] A PGF 1400 Front End 1.18% $5,000 / [$100] F PGF 1410 Fee Based 0.65% $5,000 / [$100] F (US$) PGF 1411 Fee Based 0.64% $5,000 / [$100] *As at 2023-06-30
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
Know Your Product
Monthly
- Pender Bond Universe Fund – Profile Sheet – CAD – Class A
- Pender Bond Universe Fund – Profile Sheet – CAD – Class F
Annual (POS)
- Pender Bond Universe Fund – Fund Facts – CAD – Class A
- Pender Bond Universe Fund – Fund Facts – CAD – Class F
- Pender Bond Universe Fund – Fund Facts – USD – Class F
For More Visit: Legal & Financial
The Latest
Bond Universe – Mar-Jun 2023
Highlights Positive contributors were shorter-dated, higher-quality lines as well as the Fund’s exposure to credit through the Pender Corporate Bond Fund. With high-yield spreads remaining at approximately 4% at quarter-end and with indicators skewed to the likelihood of recession, the Fund’s exposure to credit remains towards the lowest since the Fund’s inception. --- For the three months to June 30, 2023, The Pender Bond Universe Fund declined 0.3%[1] on an absolute basis, however the Fund relatively outperformed its benchmark over the period by 0.4%. With yields higher along the curve over the quarter, several shorter-dated, high-quality lines provided ballast. The…
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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