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Pender Alternative Absolute Return Fund Class A

Alternative Credit Focus

FundGrade B Click for more information on Fundata’s FundGrade

FundGrade B

Click for more information on Fundata’s FundGrade.

NAVPS
(12-05-2024)
$9.56
Change
$0.01 (0.11%)

As at October 31, 2024

As at October 31, 2024

Period
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Legend

Pender Alternative Absolute Return Fund Class A

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Fund Returns

Inception Return (September 01, 2021): 6.32%

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 1.11% 1.37% 1.41% 5.30% 5.83% 6.73% 6.27% - - - - - - -
Benchmark -1.07% 1.25% 6.50% 3.09% 11.09% 5.28% -0.23% -1.11% 0.36% 1.97% 1.60% 1.33% 1.81% 2.06%
Category Average 0.26% 1.99% 4.92% 6.68% 11.57% 7.89% 3.26% 4.09% 4.09% - - - - -
Category Rank 21 / 127 103 / 125 112 / 113 86 / 113 104 / 112 62 / 95 10 / 90 - - - - - - -
Quartile Ranking 1 4 4 4 4 3 1 - - - - - - -

Monthly Return

Monthly Return
Return % Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct
Fund 0.84% -0.33% 1.37% 0.23% 0.62% 1.56% -0.03% -0.06% 0.13% 0.15% 0.11% 1.11%
Benchmark 4.21% 3.42% -1.36% -0.40% 0.48% -1.95% 0.00% 2.98% 2.14% 0.52% 1.82% -1.07%

Best Monthly Return Since Inception

1.56% (April 2024)

Worst Monthly Return Since Inception

-1.40% (June 2022)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund - - - - - - - - 5.72% 6.63%
Benchmark 9.10% 3.57% 1.54% 2.70% 1.29% 6.97% 8.61% -2.71% -11.46% 6.38%
Category Average - - - - - - 7.20% 3.25% -4.07% 7.22%
Quartile Ranking - - - - - - - - 1 3
Category Rank - - - - - - - - 6/ 90 56/ 108

Best Calendar Return (Last 10 years)

6.63% (2023)

Worst Calendar Return (Last 10 years)

5.72% (2022)

Asset Allocation

Asset Allocation
Name Percent
Canadian Corporate Bonds 47.24
Cash and Equivalents 34.87
Foreign Corporate Bonds 30.13
Mortgages 7.21
Canadian Government Bonds 2.34
Other -21.79

Sector Allocation

Sector Allocation
Name Percent
Fixed Income 81.41
Cash and Cash Equivalent 34.87
Utilities -0.42
Telecommunications -0.50
Basic Materials -0.50
Other -14.86

Geographic Allocation

Geographic Allocation
Name Percent
North America 100.71
Africa and Middle East -0.01
Asia -0.04
Latin America -0.17
Europe -0.46
Other -0.03

Top Holdings

Top Holdings
Name Percent
XHR LP 6.38% 15-Aug-2025 14.87
United States Treasury 17-Dec-2024 9.49
Blue Racer Midstream LLC 6.63% 15-Jul-2026 6.32
Hilton USA Trust 4.19% 05-Nov-2038 5.87
ATS CORP 6.50% 21-Aug-2032 5.14
Wolf Midstream Canada LP 6.40% 18-Jul-2029 5.08
Nmg Holding Co Inc 8.50% 01-Oct-2028 4.58
TRANSDIGM TRANCHE J 4.31
Patrick Industries Inc 7.50% 15-Oct-2027 4.29
Athabasca Oil Corp 6.75% 09-Aug-2029 4.21

Equity Style

Equity style data not available

Fixed Income Style

Average Duration: S. Average Credit Quality: L.
Period: 

Risk vs Return (3 Yr)

Pender Alternative Absolute Return Fund Class A

Median

Other - Alternative Credit Focus

3 Yr Annualized

Standard Deviation 2.39% - -
Beta -0.03% - -
Alpha 0.06% - -
Rsquared 0.01% - -
Sharpe 1.12% - -
Sortino 2.39% - -
Treynor -0.91% - -
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 2.13% 2.39% - -
Beta -0.19% -0.03% - -
Alpha 0.08% 0.06% - -
Rsquared 0.37% 0.01% - -
Sharpe 0.50% 1.12% - -
Sortino 3.61% 2.39% - -
Treynor -0.06% -0.91% - -
Tax Efficiency 42.60% - - -

Fund Details

Start Date September 01, 2021
Instrument Type Mutual Fund (Alternative)
Share Class Commission Based Advice
Legal Status Trust
Sales Status Open
Currency CAD
Distribution Frequency Monthly
Assets ($mil) $562

Fund Codes

FundServ Code Load Code Sales Status
PGF2000

Investment Objectives

The objective of the Fund is to maximize absolute returns over a complete market cycle by providing longterm capital growth and income, with low volatility of returns. The Fund will invest primarily in a portfolio of North American fixed income securities but may also invest in foreign and other securities.

Investment Strategy

To achieve the Fund’s investment objectives, the Manager will utilize fundamental research to identify attractive risk adjusted return opportunities in individual investments within a diversified portfolio. The Fund will invest primarily in North American fixed income and credit securities as well as other instruments.

Portfolio Manager(s)

Name Start Date
Justin Jacobsen 09-27-2022

Management and Organization

Fund Manager PenderFund Capital Management Ltd.
Advisor PenderFund Capital Management Ltd.
Custodian -
Registrar -
Distributor -
Auditor -

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 2.51%
Management Fee 1.80%
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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