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Pender Alternative Absolute Return Fund Class A

Alternative Credit Focus

FundGrade A Click for more information on Fundata’s FundGrade

FundGrade A

Click for more information on Fundata’s FundGrade.

NAVPS
(07-19-2024)
$9.72
Change
$0.01 (0.14%)

As at June 30, 2024

As at June 30, 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): 6.54%

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 -0.06% 1.47% 3.74% 3.74% 7.53% 8.50% - - - - - - - -
Benchmark 2.98% 0.97% -0.32% -0.32% 3.73% 3.25% -1.77% -1.98% -0.10% 1.11% 1.07% 0.93% 1.40% 1.89%
Category Average 0.65% 3.28% 3.28% 3.28% 7.68% 6.09% 1.96% 3.95% 3.59% - - - - -
Category Rank 123 / 127 56 / 118 57 / 118 57 / 118 63 / 115 17 / 99 - - - - - - - -
Quartile Ranking 4 2 2 2 3 1 - - - - - - - -

Monthly Return

Monthly Return
Return % Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun
Fund 0.57% 1.12% 0.96% 0.45% 0.84% -0.33% 1.37% 0.23% 0.62% 1.56% -0.03% -0.06%
Benchmark -1.08% -0.19% -2.62% 0.43% 4.21% 3.42% -1.36% -0.40% 0.48% -1.95% 0.00% 2.98%

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 2
Category Rank - - - - - - - - 6/ 95 54/ 113

Best Calendar Return (Last 10 years)

6.63% (2023)

Worst Calendar Return (Last 10 years)

5.72% (2022)

Asset Allocation

Asset Allocation
Name Percent
Cash and Equivalents 48.55
Canadian Corporate Bonds 39.32
Foreign Corporate Bonds 25.36
Mortgages 5.41
Canadian Government Bonds 2.01
Other -20.65

Sector Allocation

Sector Allocation
Name Percent
Fixed Income 66.67
Cash and Cash Equivalent 48.55
Energy 0.31
Utilities -0.05
Basic Materials -0.37
Other -15.11

Geographic Allocation

Geographic Allocation
Name Percent
North America 100.60
Asia -0.03
Latin America -0.14
Europe -0.39
Other -0.04

Top Holdings

Top Holdings
Name Percent
United States Treasury 03-Sep-2024 8.11
XHR LP 6.38% 15-Aug-2025 8.07
HILYON HOTELS TLB 7.58
Parkland Corp 4.38% 26-Mar-2029 6.71
Canada Government 01-Aug-2024 5.96
Canada Government 15-Aug-2024 5.95
Crownrock LP 5.63% 15-Oct-2025 5.51
United States Treasury 07-Nov-2024 5.36
Canada Government 18-Jul-2024 4.97
United States Treasury 10-Sep-2024 4.05

Equity Style

Equity style data not available

Fixed Income Style

Average Duration: S. Average Credit Quality: M.

Risk vs Return (3 Yr)

3 Yr Annualized

Standard Deviation - - -
Beta - - -
Alpha - - -
Rsquared - - -
Sharpe - - -
Sortino - - -
Treynor - - -
Tax Efficiency - - -
Volatility - - -

Risk Rating

Rating Not Available

Annualized Key Ratio Period Comparison

Key Ratio
Key Ratio 1 Yr 3 Yr 5 Yr 10 Yr
Standard Deviation - - - -
Beta - - - -
Alpha - - - -
Rsquared - - - -
Sharpe - - - -
Sortino - - - -
Treynor - - - -
Tax Efficiency - - - -

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) $517

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 2.54%
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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