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Pender Bond Universe Fund Class A

Global Fixed Income

FundGrade A Click for more information on Fundata’s FundGrade

FundGrade A

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FundGrade A+® Rating Recipient

FundGrade A+® Rating Recipient

2022

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NAVPS
(05-17-2024)
$9.55
Change
-$0.02 (-0.16%)

As at April 30, 2024

As at April 30, 2024

Period
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Legend

Pender Bond Universe Fund Class A

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Fund Returns

Inception Return (January 31, 2020): 1.61%

Fund Returns
Row Heading Return Annualized Return
1 Mth 3 Mth 6 Mth YTD 1 Yr 2 Yr 3 Yr 4 Yr 5 Yr 6 Yr 7 Yr 8 Yr 9 Yr 10 Yr
Fund -0.99% 0.24% 6.08% -0.05% 3.90% 2.29% 0.04% 2.16% - - - - - -
Benchmark -1.24% -0.84% 3.25% -0.82% -1.71% 0.82% -2.84% -4.40% -1.60% -0.34% -0.68% 0.25% 1.14% 1.72%
Category Average -1.80% 4.67% 4.67% -1.95% 0.23% -0.11% -2.44% -1.17% -0.25% 0.22% 0.14% 0.59% 0.74% 1.00%
Category Rank 68 / 544 42 / 539 78 / 536 72 / 537 41 / 488 48 / 420 35 / 349 8 / 281 - - - - - -
Quartile Ranking 1 1 1 1 1 1 1 1 - - - - - -

Monthly Return

Monthly Return
Return % May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr
Fund -0.96% 0.01% -0.02% 0.07% -1.19% 0.01% 2.89% 3.15% -0.28% -0.23% 1.47% -0.99%
Benchmark -1.74% -2.61% -0.13% 1.51% -3.16% 1.33% 2.61% 1.46% 0.01% 0.00% 0.40% -1.24%

Best Monthly Return Since Inception

3.15% (December 2023)

Worst Monthly Return Since Inception

-3.03% (March 2020)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund - - - - - - - 1.49% -6.91% 6.37%
Benchmark 10.42% 16.63% -1.36% -0.08% 7.82% 1.45% 7.03% -6.05% -10.83% 2.72%
Category Average 4.74% 2.92% 2.08% 2.75% -0.04% 5.49% 5.94% -1.81% -10.70% 5.33%
Quartile Ranking - - - - - - - 1 1 2
Category Rank - - - - - - - 9/ 326 51/ 393 128/ 473

Best Calendar Return (Last 10 years)

6.37% (2023)

Worst Calendar Return (Last 10 years)

-6.91% (2022)

Asset Allocation

Asset Allocation
Name Percent
Canadian Corporate Bonds 34.43
Foreign Corporate Bonds 21.68
Cash and Equivalents 18.40
Canadian Government Bonds 13.06
Foreign Government Bonds 8.89
Other 3.54

Sector Allocation

Sector Allocation
Name Percent
Fixed Income 78.45
Cash and Cash Equivalent 18.40
Financial Services 0.64
Consumer Goods 0.60
Consumer Services 0.30
Other 1.61

Geographic Allocation

Geographic Allocation
Name Percent
North America 96.44
Latin America 3.10
Europe 0.28
Multi-National 0.15
Asia 0.02
Other 0.01

Top Holdings

Top Holdings
Name Percent
Pender Corporate Bond Fund Class A 23.33
Canada Government 2.25% 01-Jun-2029 5.11
VeriSign, Inc 4.75% 13-Apr-2024 4.21
Loblaw Cos Ltd 4.49% 11-Sep-2028 3.90
Cameco Corp 2.95% 21-Aug-2027 3.85
McDonald's Corp 3.13% 04-Jan-2025 3.75
Waste Management Canada Corp 2.60% 23-Jul-2026 3.69
Fairfax Financial Holdings Ltd 4.70% 16-Sep-2026 3.43
PepsiCo Inc 2.15% 14-Apr-2024 3.37
Canada Government 2.75% 01-Jun-2033 3.32

Equity Style

Equity style data not available

Fixed Income Style

Average Duration: M. Average Credit Quality: M.
Period: 

Risk vs Return (3 Yr)

Pender Bond Universe Fund Class A

Median

Other - Global Fixed Income

3 Yr Annualized

Standard Deviation 4.22% - -
Beta 0.44% - -
Alpha 0.01% - -
Rsquared 0.53% - -
Sharpe -0.62% - -
Sortino -0.92% - -
Treynor -0.06% - -
Tax Efficiency - - -
Volatility Volatility rating is 1 on a scale of 1 to 10 - -

Risk Rating

Rating 1 out of ten

Annualized Key Ratio Period Comparison

Key Ratio
Key Ratio 1 Yr 3 Yr 5 Yr 10 Yr
Standard Deviation 4.97% 4.22% - -
Beta 0.58% 0.44% - -
Alpha 0.05% 0.01% - -
Rsquared 0.51% 0.53% - -
Sharpe -0.17% -0.62% - -
Sortino 0.39% -0.92% - -
Treynor -0.01% -0.06% - -
Tax Efficiency 68.47% - - -

Fund Details

Start Date January 31, 2020
Instrument Type Mutual Fund
Share Class Commission Based Advice
Legal Status Trust
Sales Status Open
Currency CAD
Distribution Frequency Monthly
Assets ($mil) $67

Fund Codes

FundServ Code Load Code Sales Status
PGF1400

Investment Objectives

The objective of the Fund is to preserve capital and generate returns through current income and capital appreciation. The Fund invests primarily in investment grade fixed income securities. 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.

Investment Strategy

The Fund employs a value-based fundamental research process. The Manager believes that private and public securities are priced inefficiently and, as a result, the price of any given security only occasionally coincides with its intrinsic value. The Manager attempts to identify and exploit these inaccuracies using internal analyses. Those businesses whose securities the Manager believes to be undervalued will be considered as investment candidates.

Portfolio Manager(s)

Name Start Date
Geoff Castle 02-20-2020
Emily Wheeler 02-20-2020

Management and Organization

Fund Manager PenderFund Capital Management Ltd.
Advisor PenderFund Capital Management Ltd.
Custodian CIBC Mellon Trust Company
Registrar CIBC Mellon Trust Company
Distributor -
Auditor KPMG LLP

Investment Minimums

RSP Eligible Yes
PAC Allowed Yes
PAC Initial Investment 5,000
PAC Subsequent 100
SWP Allowed No
SWP Min Balance -
SWP Min Withdrawal -

Fees

MER 1.18%
Management Fee 0.60%
Load Back Fee Only
FE Max 5.00%
DSC Max -
Trailer Fee Max (FE) -
Trailer Fee Max (DSC) -
Trailer Fee Max (NL) -
Trailer Fee Max (LL) -

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