(As of 4/30/2023)

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) 		5.33 %
YTD Return 1.60 %
NAVPS
(6/7/2023) 		$11.58
Change $0.01 / 0.10 %
Growth of $10,000 (As of April 30, 2023)
MER 2.06 %
Assets ($mil) $1,500.94
Rank (1Yr) 257/307
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 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 April 30, 2023)
Sector Allocation
(As of April 30, 2023)
Geographic Allocation
(As of April 30, 2023)
Top 10 Holdings
NameAssetSectorGeographicPercent
Verisign Inc 4.75% 15-Jul-2027Foreign BondsFixed IncomeUnited States2.45%
PepsiCo Inc 2.15% 06-May-2024Domestic BondsFixed IncomeCanada1.99%
W&T Offshore Inc 11.75% 01-Feb-2026Foreign BondsFixed IncomeUnited States1.69%
McDonald's Corp 3.13% 04-Mar-2025Domestic BondsFixed IncomeCanada1.61%
Varex Imaging Corp 7.88% 15-Oct-2027Foreign BondsFixed IncomeUnited States1.54%
United States Treasury 1.75% 15-Jan-2028Foreign BondsFixed IncomeUnited States1.53%
Great Lakes Dredge & Dock Corp 5.25% 01-Jun-2029Foreign BondsFixed IncomeUnited States1.52%
Science Applications Intl Corp 4.88% 01-Apr-2028Foreign BondsFixed IncomeUnited States1.47%
Seaspan Corp 6.50% 29-Apr-2026Foreign BondsFixed IncomeUnited States1.47%
Tronox Inc 4.63% 15-Mar-2029Foreign BondsFixed IncomeUnited States1.46%

Performance Data (As of April 30, 2023)
  Return (%) Annualized Return (%)
Return 1 Mth 3 Mth 6 Mth YTD 1 Yr 3 Yr 5 Yr 10 Yr
Fund 0.44 -0.56 2.46 1.60 -1.54 7.21 3.18 4.07
Benchmark 1.23 2.03 9.04 4.74 7.23 2.64 2.99 6.33
Quartile Ranking 4 4 4 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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