(As of 8/31/2022)

Pender Corporate Bond Fund Class A

(High Yield Fixed Income)
FundGrade A+® Rating recipient
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2019
2018




Inception Return
(6/1/2009) 		5.57 %
YTD Return -5.44 %
NAVPS
(9/26/2022) 		$11.65
Change ($0.05) / -0.45 %
Growth of $10,000 (As of August 31, 2022)
MER 2.06 %
Assets ($mil) $96.06
Rank (1Yr) 25/392
Std Dev (3Yr) 8.74 %
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, 2022)
Sector Allocation
(As of August 31, 2022)
Geographic Allocation
(As of August 31, 2022)
Top 10 Holdings
NameAssetSectorGeographicPercent
Verisign Inc 4.75% 15-Jul-2027Foreign BondsFixed IncomeUnited States2.48%
W&T Offshore Inc 9.75% 01-Nov-2023Foreign BondsFixed IncomeUnited States2.44%
Exterran Energy Solutions LP 8.13% 01-May-2025Foreign BondsFixed IncomeUnited States1.98%
McDonald's Corp 3.13% 04-Mar-2025Domestic BondsFixed IncomeCanada1.70%
Forum Energy Technologies Inc 9.00% 04-Aug-2025Foreign BondsFixed IncomeUnited States1.69%
Esperion Therapeutics Inc 4.00% 15-Nov-2025Foreign BondsFixed IncomeUnited States1.59%
United States Treasury 1.75% 15-Jan-2028Foreign BondsFixed IncomeUnited States1.59%
Varex Imaging Corp 7.88% 15-Oct-2027Foreign BondsFixed IncomeUnited States1.57%
Tronox Inc 4.63% 15-Mar-2029Foreign BondsFixed IncomeUnited States1.52%
AMERICAN TIRE DISTRIBUTORS 10/Foreign BondsFixed IncomeUnited States1.48%

Performance Data (As of August 31, 2022)
  Return (%) Annualized Return (%)
Return 1 Mth 3 Mth 6 Mth YTD 1 Yr 3 Yr 5 Yr 10 Yr
Fund 0.33 -1.15 -3.98 -5.44 -3.70 3.59 4.33 4.51
Benchmark 0.19 -1.70 -7.59 -11.60 -13.04 -1.53 1.73 6.63
Quartile Ranking 1 2 1 1 1 1 1 1

Calendar Return (%) 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012
Fund 9.37 6.23 4.74 5.54 7.01 22.69 -8.71 0.64 3.51 7.76
Benchmark 0.50 6.14 7.98 5.36 2.96 10.80 14.93 8.91 15.20 16.66
Quartile Ranking 1 2 4 1 1 1 4 4 4 4

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