(As of 8/31/2021)

Pender Corporate Bond Fund Class A

(High Yield Fixed Income)



2018


FundGrade A+® Rating recipient
For more information about
FundGrade click here
Inception Return
(6/1/2009) 		6.27 %
YTD Return 7.39 %
NAVPS
(9/17/2021) 		$13.65
Change $0.01 / 0.04 %
Growth of $10,000 (As of August 31, 2021)
MER 1.95 %
Assets ($mil) $109.18
Rank (1Yr) 31/494
Std Dev (3Yr) 8.71 %
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.
Fund Manager

PenderFund Capital Management Ltd.

Portfolio Manager

Geoff Castle, PenderFund Capital Management Ltd.

Parul Garg, PenderFund Capital Management Ltd.

Sub-Advisor
Data not available
 
Asset Allocation
(As of August 31, 2021)
Sector Allocation
(As of August 31, 2021)
Geographic Allocation
(As of August 31, 2021)
Top 10 Holdings
NameAssetSectorGeographicPercent
CURALEAF 12/19 (FIXED) TLForeign BondsFixed IncomeUnited States2.14%
Open Text Corp 5.88% 29-Sep-2021Cash and EquivalentsCash and Cash EquivalentUnited States2.00%
Paratek Pharmaceuticals Inc 4.75% 01-May-2024Foreign BondsFixed IncomeUnited States1.92%
Uber Technologies Inc 8.00% 01-Nov-2021Cash and EquivalentsCash and Cash EquivalentUnited States1.84%
TeamHealth Holdings Inc 06-Feb-2024Foreign BondsFixed IncomeUnited States1.78%
W&T Offshore Inc 9.75% 01-Nov-2023Foreign BondsFixed IncomeUnited States1.68%
Osisko Gold Royalties Ltd - DebentureDomestic BondsBasic MaterialsCanada1.61%
Intelsat Jackson Holdings SA 8.00% 15-Feb-2024Foreign BondsFixed IncomeUnited States1.53%
SS&C Technologies Inc 5.50% 30-Mar-2022Cash and EquivalentsCash and Cash EquivalentUnited States1.52%
Precigen Inc 3.50% 01-Jul-2023Foreign BondsFixed IncomeUnited States1.48%

Performance Data (As of August 31, 2021)
  Return (%) Annualized Return (%)
Return 1 Mth 3 Mth 6 Mth YTD 1 Yr 3 Yr 5 Yr 10 Yr
Fund 0.60 0.85 3.07 7.39 15.37 5.81 7.46 5.53
Benchmark 1.78 5.39 2.28 2.17 5.86 5.95 5.59 9.47
Quartile Ranking 2 4 2 1 1 2 1 2

Calendar Return (%) 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011
Fund 6.23 4.75 5.54 7.01 22.69 -8.71 0.64 3.51 7.76 3.18
Benchmark 6.14 7.98 5.36 2.96 10.80 14.93 8.91 15.20 16.66 5.18
Quartile Ranking 2 4 1 1 1 4 4 4 4 3

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