(As of 7/31/2020)

Pender Corporate Bond Fund Class A

(High Yield Fixed Income)



2018


FundGrade A+® Rating recipient
For more information about
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Inception Return
(6/1/2009) 		5.41 %
YTD Return -2.55 %
NAVPS
(8/12/2020) 		$11.98
Change $0.01 / 0.09 %
Growth of $10,000 (As of July 31, 2020)
MER 1.95 %
Assets ($mil) $92.35
Rank (1Yr) 408/490
Std Dev (3Yr) 8.15 %
Volatility Ranking (3Yr) 3/10
RRSP Eligibility Yes
Load Front Fee Only
Max Front End 5.00 %
Max Back End -
Sales Status Open
 
Objective
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.
Management Co.
PenderFund Capital Management Ltd.
Managers
Parul Garg, Geoff Castle
 
Asset Allocation
(As of July 31, 2020)
Sector Allocation
(As of July 31, 2020)
Geographic Allocation
(As of July 31, 2020)
Top 10 Holdings
NameAssetSectorGeographicPercent
Intelsat Jackson Holdings SA 8.00% 15-Feb-2024Foreign BondsFixed IncomeUnited States2.50%
1011778 BC ULC 5.00% 15-Oct-2025Foreign BondsFixed IncomeUnited States2.40%
Paratek Pharmaceuticals Inc 4.75% 01-May-2024Foreign BondsFixed IncomeUnited States2.21%
Osisko Gold Royalties Ltd - DebentureDomestic BondsBasic MaterialsCanada2.06%
US DOLLARCash and EquivalentsCash and Cash EquivalentUnited States2.00%
Rite Aid Corp 7.50% 01-Jul-2025Foreign BondsFixed IncomeUnited States1.95%
SunPower Corp 0.88% 01-Jun-2021Cash and EquivalentsCash and Cash EquivalentUnited States1.93%
Talos Production LLC 11.00% 03-Apr-2022Foreign BondsFixed IncomeUnited States1.82%
SunPower Corp 4.00% 15-Jan-2023Foreign BondsFixed IncomeUnited States1.82%
First Majestic Silver Corp 1.88% 01-Mar-2023Foreign BondsFixed IncomeUnited States1.75%

Performance Data (As of July 31, 2020)
  Return (%) Annualized Return (%)
Return 1 Mth 3 Mth 6 Mth YTD 1 Yr 3 Yr 5 Yr 10 Yr
Fund 2.35 8.89 -2.69 -2.55 -2.06 3.09 5.50 4.62
Benchmark 3.09 7.82 1.54 3.70 6.05 6.42 6.33 9.34
Quartile Ranking 4 2 3 3 4 2 1 3

Calendar Return (%) 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010
Fund 4.75 5.54 7.01 22.69 -8.71 0.64 3.51 7.76 3.18 10.98
Benchmark 7.98 5.36 2.96 10.80 14.93 8.91 15.20 16.66 5.18 7.95
Quartile Ranking 4 1 1 1 4 4 4 4 4 3

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