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.
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 500 Front End 2.07% $5,000 / [$100] F PGF 510 Fee Based 1.19% $5,000 / [$100] U PGF 518 Fee Based 1.24% $5,000 / [$100] H PGF 540 Front End – HNW 1.73% $100,000 / [$100] I PGF 550 Fee Based – HNW 1.03% $100,000 / [$100] A (US$) PGF 501 Front End 2.05% US$5,000/ [US$100] F (US$) PGF 511 Fee Based 1.18% US$5,000/ [US$100] H (US$) PGF 541 Front End – HNW 1.76% US$100,000 / [$100] I (US$) PGF 551 Fee Based – HNW 1.04% US$100,000 / [$100] *As at 2023-06-30. 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: 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 – CAD – Class F
- Pender Corporate Bond Fund – Profile Sheet – USD – Class F
- Pender Corporate Bond Fund – Profile Sheet – CAD – Class A
Annual (POS)
- Pender Corporate Bond Fund – Fund Facts – CAD – Class A
- Pender Corporate Bond Fund – Fund Facts – USD – Class A
- Pender Corporate Bond Fund – Fund Facts – CAD – Class F
- Pender Corporate Bond Fund – Fund Facts – USD – Class F
- Pender Corporate Bond Fund – Fund Facts – CAD – Class U
- Pender Corporate Bond Fund – Fund Facts – CAD – Class H
- Pender Corporate Bond Fund – Fund Facts – USD – Class H
- Pender Corporate Bond Fund – Fund Facts – CAD – Class I
- Pender Corporate Bond Fund – Fund Facts – USD – Class I
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The Latest
Fixed Income – October 2023
Highlights: October was a volatile month characterized by sharply lower risk asset prices combined with higher risk-free rates across the curve. We are generally constructive on the bond market heading into the end of the year. In October we continued to find opportunity in discounted longer-tenor opportunities. The Pender Corporate Bond Fund emerged from a volatile October with a modest 0.5%[1] drawdown. The month was characterized by sharply lower risk asset prices combined with higher risk-free rates across the curve. Download the PDF. Rate-sensitive positions such as Treasury Inflation-Protected Securities (TIPS) were weaker in October, while gainers included low priced…
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.
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.
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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