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.

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

Performance (%) - June 28, 20241 Mo.3 Mo.6 Mo.1 Yr.2 Yr.3 Yr.5 Yr.10 Yr.15 Yr.YTDSince InceptionInception Date
A0.81.62.67.64.70.62.62.12020-01-31
F0.81.72.88.25.21.22.82.62020-01-31
Annual Performance (%)20162017201820192020202120222023YTD
A1.5-6.96.42.6
F2.0-6.46.92.8
Distributions Per Unit ($)Nov'23Dec'23Jan'24Feb'24Mar'24Apr'24May'24Jun'24Since Inception
A0.020.020.030.020.020.030.030.031.35
F0.030.020.030.020.030.030.030.041.53

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

  • Asset Allocation(%)
    Canadian Corporate Bonds42.6
    Us Corporate Bonds27.1
    Goverment Bonds18.2
    Cash4.3
    Foreign Corporate Bonds4.0
    Term Loans1.3
    Us Equities1.1
    Canadian Equities0.9
    Closed End Funds0.5
    Sector Allocation(%)
    Government Bonds18.2
    Industrials14.1
    Energy12.8
    Insurance7.6
    Consumer Staple6.9
    Utilities6.5
    Communication Services6.2
    Information Technology5.8
    Consumer Discretionary5.4
    Health Care4.9
    Cash4.3
    Materials2.5
    Real Estate2.4
    Financial Services1.9
    Closed End Funds0.5
    Currency Allocation(%)
    Cad60.5
    Usd39.5
    Top 10 HoldingsFund (%)
    Pender Corporate Bond Fund21.9
    Government of Canada 2.250% 01-Jun-295.1
    VeriSign Inc. 4.750% 15-Jul-274.1
    Cameco Corporation 2.950% 21-Oct-273.9
    Loblaw Companies Limited 4.488% 11-Dec-283.8
    Thomson Reuters Corporation 2.239% 14-May-253.7
    McDonald's Corporation 3.125% 04-Mar-253.7
    Waste Management of Canada Corporation 2.600% 23-Sep-263.7
    Fairfax Financial Holdings Limited 4.700% 16-Dec-263.4
    Government of Canada 2.750% 01-Jun-333.3
    Total Percentage of Top 10 Holdings56.60%
    Total Net Assets of Fund$65,391,410
  • ClassFund Codes DescriptionMER* Minimum Investment: Initial/[Subsequent]
    APGF 1400Front End1.18%$5,000 / [$100]
    FPGF 1410Fee Based0.65%$5,000 / [$100]
    F (US$)PGF 1411Fee Based0.63%$5,000 / [$100]

    *As at 2023-12-31. 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
    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

    Annual (POS)

    For More Visit: Legal & Financial

  • The Latest

    Bond Universe – Q2 2024

    Highlights Strength in Q2 was partially attributable to a rally in response to the Bank of Canada’s decision to reduce the overnight lending rate. Areas of focus over the quarter were defensive sectors including Utilities and Consumer Staples. The Fund is underweight in non-Investment Grade. After a slow start to the quarter, the Fund posted strong performance in May and June, which drove a respectable relative return in Q2. The Fund was up 1.7% for the quarter ended June 30 versus a 0.9% return over the same period for the Fund’s benchmark, the FTSE Canada Universe Bond Index[1]. Download the…

    Continue Reading

  • The Latest

    Profiles in Credit – The Annual Sit Down – Geoff Castle and Callum Thomas

    Continue Reading

Geoff Castle

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.

Read More

Emily Wheeler

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.

Read More

PenderFund
©2024 PenderFund Capital Management Ltd. All Rights Reserved.