Pender Corporate Bond Fund
The Pender Corporate Bond Fund is an income fund that is both conservatively managed to preserve capital, as well as opportunistic to generate returns. The Fund is focused on key credit characteristics – coverage, seniority and duration. It is driven by bottom up fundamental analysis, the Fund seeks to use its nimble size to invest in opportunities large or index based funds cannot. This advantage could provide investors with an attractive cash yield, while maintaining positions in attractively valued securities that provide a margin-of-safety for investors.
Class Fund Codes Description MER* Minimum Investment: Initial/[Subsequent] A PGF 500 Front End 2.01% $5,000 / [$100] F PGF 510 Fee Based 1.17% $5,000 / [$100] A (US$) PGF 501 Front End 1.98% US$5,000/ [US$100] F (US$) PGF 511 Fee Based 1.14% US$5,000/ [US$100] U PGF 518 Fee Based 1.14% $5,000/ [$100] H PGF 540 Front End – HNW 1.69% $100,000 / [$100] I PGF 550 Fee Based – HNW 1.02% $100,000 / [$100] H (US$) PGF 541 Front End – HNW 1.68% US$100,000 / [$100] I (US$) PGF 551 Fee Based – HNW 1.00% US$100,000 / [$100] D PGF 560 Discount Brokerage 1.17% $5,000 / [$100] *As at 2021-12-31
Asset Class: Fixed Income Securities Inception Date: June 1, 2009 Valuation Frequency: Daily Eligibility: Canada-wide, Registered Plans Distributions: DRIP monthly, cash optional Benchmark: FTSE TMX Canada Bond Universe Portfolio Manager: Geoff Castle Know Your Product
Monthly
- Pender Corporate Bond Fund – Profile Sheet – Class F (CAD)
- Pender Corporate Bond Fund – Profile Sheet – Class F (USD)
- Pender Corporate Bond Fund – Profile Sheet – Class A
Annual (POS)
- Pender Corporate Bond Fund – Fund Facts – CAD (A Class)
- Pender Corporate Bond Fund – Fund Facts – USD (A Class)
- Pender Corporate Bond Fund – Fund Facts – CAD (D Class)
- Pender Corporate Bond Fund – Fund Facts – CAD (F Class)
- Pender Corporate Bond Fund – Fund Facts – USD (F Class)
- Pender Corporate Bond Fund – Fund Facts – CAD (H Class)
- Pender Corporate Bond Fund – Fund Facts – CAD (I Class)
For More Visit: Legal & Financial
The Latest
Fixed Income – Manager’s Commentary – May 2022
The Pender Corporate Bond Fund finished a volatile May with a NAV total return of approximately -0.7%[1]. Lower bond prices in the portfolio more than offset the growing level of current income in the Fund that has reached its highest level since the spring of 2020. Download PDF There were several bright spots in the Fund during the period as credit positions in Treehouse Foods, Inc. (NYSE:THS) and Chemtrade Logistics Income Fund (TSX:CHE.UN) rallied on fundamental strength as those issuers reported positive earnings. Other holdings posting gains included Cenovus Energy Inc. (TSX:CVE) preferred shares, as that company’s announcement of further…
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.
Parul Garg
Associate Portfolio Manager
Parul Garg is the Associate Portfolio Manager of the Pender Corporate Bond Fund. She began her investment career in 2009 and has been the fixed income analyst on the Fund since 2015.
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