(As of 10/31/2023)

Pender Corporate Bond Fund Class A

(High Yield Fixed Income)
FundGrade A+® Rating recipient
For more information about FundGrade click here
2021
2019
2018



Inception Return
(6/1/2009) 		5.13 %
YTD Return 1.50 %
NAVPS
(11/29/2023) 		$11.60
Change $0.04 / 0.33 %
Growth of $10,000 (As of October 31, 2023)
MER 2.07 %
Assets ($mil) $1,390.95
Rank (1Yr) 260/308
Std Dev (3Yr) 8.74 %
Volatility Ranking (3Yr) 1/10
RRSP Eligibility Yes
Load Front 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 October 31, 2023)
Sector Allocation
(As of October 31, 2023)
Geographic Allocation
(As of October 31, 2023)
Top 10 Holdings
NameAssetSectorGeographicPercent
Verisign Inc 4.75% 15-Jul-2027Foreign BondsFixed IncomeUnited States2.62%
Esperion Therapeutics Inc 4.00% 15-Nov-2025Foreign BondsFixed IncomeUnited States2.22%
PepsiCo Inc 2.15% 06-May-2024Cash and EquivalentsCash and Cash EquivalentCanada2.16%
Liberty Tripadvisor Holdgs Inc 0.50% 30-Jun-2051Foreign BondsFixed IncomeUnited States1.91%
Great Lakes Dredge & Dock Corp 5.25% 01-Jun-2029Foreign BondsFixed IncomeUnited States1.74%
First Majestic Silver Corp 0.38% 15-Jan-2027Foreign BondsFixed IncomeUnited States1.73%
McDonald's Corp 3.13% 04-Mar-2025Domestic BondsFixed IncomeCanada1.73%
Varex Imaging Corp 7.88% 15-Oct-2027Foreign BondsFixed IncomeUnited States1.68%
United States Treasury 1.75% 15-Jan-2028Foreign BondsFixed IncomeUnited States1.64%
StoneCo Ltd 3.95% 16-Jun-2028Foreign BondsFixed IncomeUnited States1.60%

Performance Data (As of October 31, 2023)
  Return (%) Annualized Return (%)
Return 1 Mth 3 Mth 6 Mth YTD 1 Yr 3 Yr 5 Yr 10 Yr
Fund -0.63 -1.18 -0.10 1.50 2.36 3.62 2.86 3.93
Benchmark 1.59 2.77 1.97 6.80 11.19 0.78 3.11 5.93
Quartile Ranking 2 2 2 4 4 1 1 1

Calendar Return (%) 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013
Fund -6.56 9.37 6.23 4.74 5.54 7.01 22.69 -8.71 0.64 3.51
Benchmark -6.92 0.50 6.14 7.98 5.36 2.96 10.80 14.93 8.91 15.20
Quartile Ranking 1 1 2 4 1 1 1 4 4 4

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