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 – September 30th, 2022
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Annual (POS)
For More Visit: Legal & Financial
The Latest
Fixed Income – October 2022
Highlights During October there were some bright spots and some challenges, the latter from lower prices across the investment-grade bond complex reacting to a higher yield curve. Bright spots included our positions in McDermott International, Ltd., PetSmart, Inc. The Fund’s flexible mandate opens up opportunities across a variety of security types (term loans, straight bonds, and busted converts) across several overlooked sectors, including: specialty chemicals, dredging, and tire distribution. While not sexy, these opportunities are appealingly inexpensive relative to enterprise value. The Fund added three new positions in the media, energy and live events sectors. The Pender Corporate Bond…
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Recent Commentaries

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Pender Corporate Bond Fund

Know Your Product

Monthly

Annual (POS)

The Latest

Fixed Income – October 2022

Recent Commentaries

Geoff Castle

Portfolio Manager

Parul Garg

Associate Portfolio Manager

Emily Wheeler

Associate Portfolio Manager

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