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Alternative Credit Focus
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|
NAVPS (11-19-2024) |
$9.62 |
|---|---|
| Change |
-$0.01
(-0.11%)
|
As at October 31, 2024
As at October 31, 2024
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Inception Return (September 01, 2021): 6.32%
| 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 | 0.25% | 1.99% | 4.91% | 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 | - | - | - | - | - | - | - |
| 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% |
1.56% (April 2024)
-1.40% (June 2022)
| 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 |
6.63% (2023)
5.72% (2022)
| 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 |
| 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 |
| 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 |
| 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 |
Pender Alternative Absolute Return Fund Class A
Median
Other - Alternative Credit Focus
| 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 |
|
- | - |
| 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% | - | - | - |
| 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 |
| FundServ Code | Load Code | Sales Status |
|---|---|---|
| PGF2000 |
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.
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.
| Name | Start Date |
|---|---|
| Justin Jacobsen | 09-27-2022 |
| Fund Manager | PenderFund Capital Management Ltd. |
|---|---|
| Advisor | PenderFund Capital Management Ltd. |
| Custodian | - |
| Registrar | - |
| Distributor | - |
| Auditor | - |
| RSP Eligible | Yes |
|---|---|
| PAC Allowed | Yes |
| PAC Initial Investment | 5,000 |
| PAC Subsequent | 100 |
| SWP Allowed | No |
| SWP Min Balance | - |
| SWP Min Withdrawal | - |
| 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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