(As of 2/28/2025)

Pender Corporate Bond Fund Class A

(High Yield Fixed Income)
FundGrade A+® Rating recipient
For more information about FundGrade click here
2023
2022
2021
2019



Inception Return
(6/1/2009) 		6.15 %
YTD Return 2.19 %
NAVPS
(3/31/2025) 		$13.34
Change $0.00 / -0.01 %
Growth of $10,000 (As of February 28, 2025)
MER 2.07 %
Assets ($mil) $2,518.86
Rank (1Yr) 12/281
Std Dev (3Yr) 8.74 %
Volatility Ranking (3Yr) 1/10
RRSP Eligibility Yes
Load Back Fee Only
Max Front End 5.00 %
Max Back End -
Sales Status Open
 
Objective
The objective of the Fund is to preserve capital and generate returns through current income and capital appreciation. The Fund invests primarily in investment and non-investment grade fixed income securities issued by North American corporations. This, however, does not preclude the Fund from making equity investments when the Manager deems the risk/reward trade-off to be in the investors’ favour.
Fund Manager

PenderFund Capital Management Ltd.

Portfolio Manager

Geoff Castle, PenderFund Capital Management Ltd.

Parul Garg, PenderFund Capital Management Ltd.

Emily Wheeler, PenderFund Capital Management Ltd.

Sub-Advisor
Data not available
 
Asset Allocation
(As of February 28, 2025)
Sector Allocation
(As of February 28, 2025)
Geographic Allocation
(As of February 28, 2025)
Top 10 Holdings
NameAssetSectorGeographicPercent
Energean PLC 6.50% 30-Apr-2027Foreign BondsFixed IncomeUnited States2.68%
Lucid Group Inc 1.25% 15-Dec-2026Foreign BondsFixed IncomeUnited States2.14%
Spirit IP Cayman Ltd 8.00% 20-Sep-2025Cash and EquivalentsCash and Cash EquivalentUnited States1.96%
First Majestic Silver Corp 0.38% 15-Jan-2027Foreign BondsFixed IncomeUnited States1.91%
Esperion Therapeutics Inc 5.75% 15-Jun-2030Foreign BondsFixed IncomeUnited States1.87%
Fair Isaac Corp 4.00% 15-Jun-2028Foreign BondsFixed IncomeUnited States1.85%
VeriSign, Inc 4.75% 27-Apr-2025Cash and EquivalentsCash and Cash EquivalentUnited States1.80%
United States Treasury 0.13% 15-Feb-2052Foreign BondsFixed IncomeUnited States1.72%
Rivian Holdings LLC 10.50% 15-Oct-2026Foreign BondsFixed IncomeUnited States1.68%
Trulieve Cannabis Corp - PfdUS EquityConsumer GoodsUnited States1.64%

Performance Data (As of February 28, 2025)
  Return (%) Annualized Return (%)
Return 1 Mth 3 Mth 6 Mth YTD 1 Yr 3 Yr 5 Yr 10 Yr
Fund 0.84 2.85 6.80 2.19 17.23 6.20 6.63 6.10
Benchmark 0.36 4.44 9.83 2.31 16.13 8.80 5.20 6.01
Quartile Ranking 1 1 1 1 1 1 1 1

Calendar Return (%) 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015
Fund 15.84 6.62 -6.56 9.37 6.23 4.74 5.54 7.01 22.69 -8.71
Benchmark 17.23 10.36 -6.92 0.50 6.14 7.98 5.36 2.96 10.80 14.93
Quartile Ranking 1 4 1 1 2 4 1 1 1 4

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