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
Bond Universe – Manager’s Commentary – April 2022
In the quarter ended April 30, 2022, the Fund outperformed its benchmark. With the FTSE/TMX Canada Universe Bond Index down 7.0% over the past three months, the Pender Bond Universe Fund’s (PBUF) Class F return of negative 3.9%[1] showed relative strength over the period. Against a backdrop of rising yields along the curve in Canada and the US, Q1 2022 came in as the worst quarterly total return on record for US Investment Grade[2]. The relative outperformance of the Fund compared to its benchmark over this period was achieved through a combination of tight relative duration and exposure to the…
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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