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 2022-12-31

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
- Pender Corporate Bond Fund Brochure – March 31st, 2023
Monthly
Annual (POS)
For More Visit: Legal & Financial
The Latest
Fixed Income – April 2023
HIGHLIGHTS The strongest contributors to the Fund were Paratek Pharmaceuticals Inc., Emergent BioSolutions Inc., Esperion Therapeutics Inc., and Bausch Health. Decliners in the Fund included McDermott International Inc., PHI Group Inc., and American Tire Distributors Inc. In April, the Fund added a new position in DISH Network Corporation which is building out an ambitious 5G wireless network. We also added a position in the busted convertibles of Bandwidth Inc., a leading player in producing software that enables the interface between web-based applications and the telephony network. --- The Pender Corporate Bond Fund returned 0.5%[1] in April, which was also a…
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Recent Commentaries
The Latest
Profiles in Credit – Sabrina Fox
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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 – April 2023

Recent Commentaries

The Latest

Profiles in Credit – Sabrina Fox

Geoff Castle

Portfolio Manager

Parul Garg

Associate Portfolio Manager

Emily Wheeler

Portfolio Manager

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