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	2.06%	$5,000 / [$100]
F	PGF 510	Fee Based	1.19%	$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]
U	PGF 518	Fee Based	1.16%	$5,000 / [$100]
A (US$)	PGF 501	Front End	2.08%	US$5,000/ [US$100]
F (US$)	PGF 511	Fee Based	1.19%	US$5,000/ [US$100]
H (US$)	PGF 541	Front End – HNW	1.75%	US$100,000 / [$100]
I (US$)	PGF 551	Fee Based – HNW	1.04%	US$100,000 / [$100]

*As at 2022-06-30

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
- Pender Corporate Bond Fund Brochure – December 31st, 2022
Monthly
Annual (POS)
For More Visit: Legal & Financial
The Latest
Fixed Income – February 2023
HIGHLIGHTS The Pender Corporate Bond Fund had a relatively strong performance amidst a market that saw larger price declines in both high yield and investment grade bond benchmarks. We added a position in the 2028 unsecured bonds of Brazilian payments processing specialist, StoneCo Ltd. An equity portfolio holding of Berkshire Hathaway Inc., the company’s bonds have traded down into the 60s to yield more than 12% to a 2028 maturity. The Fund continues to maintain weightings in relatively short-term investment grade issuers. We expect that the rapid move in interest rates will create additional stress in some quarters and we…
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Recent Commentaries
The Latest
Profiles in Credit – Focusing on 2023 with Geoff Castle and Callum Thomas
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Standard Performance Data is subject to important disclosures set out in our Disclaimer

Pender Corporate Bond Fund

Know Your Product

Monthly

Annual (POS)

The Latest

Fixed Income – February 2023

Recent Commentaries

The Latest

Profiles in Credit – Focusing on 2023 with Geoff Castle and Callum Thomas

Geoff Castle

Portfolio Manager

Parul Garg

Associate Portfolio Manager

Emily Wheeler

Portfolio Manager

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