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Alternative Credit Focus
Click for more information on Fundata’s FundGrade
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|
NAVPS (12-04-2025) |
$8.86 |
|---|---|
| Change |
$0.00
(-0.05%)
|
As at October 31, 2025
As at October 31, 2025
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Inception Return (September 01, 2021): 4.95%
| 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 | -0.41% | -0.61% | -1.26% | -0.13% | 0.71% | 3.24% | 4.68% | 4.85% | - | - | - | - | - | - |
| Benchmark | 0.76% | 2.95% | 2.31% | 3.54% | 4.56% | 7.78% | 5.04% | 0.95% | 0.00% | 1.05% | 2.33% | 1.97% | 1.68% | 2.08% |
| Category Average | 0.32% | 1.95% | 4.48% | 4.97% | 6.24% | 8.87% | 7.34% | 4.00% | 4.52% | 4.45% | - | - | - | - |
| Category Rank | 140 / 146 | 140 / 140 | 135 / 135 | 132 / 132 | 126 / 126 | 110 / 110 | 87 / 92 | 24 / 87 | - | - | - | - | - | - |
| Quartile Ranking | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 2 | - | - | - | - | - | - |
| Return % | Nov | Dec | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fund | -0.52% | 1.37% | -0.15% | 0.81% | 1.11% | -0.61% | -0.36% | -0.46% | 0.16% | -0.11% | -0.08% | -0.41% |
| Benchmark | 1.51% | -0.52% | 1.13% | 1.14% | -0.29% | -0.77% | 0.08% | 0.04% | -0.74% | 0.37% | 1.80% | 0.76% |
1.56% (April 2024)
-1.40% (June 2022)
| Return % | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|---|---|---|---|
| Fund | - | - | - | - | - | - | - | 5.72% | 6.63% | 6.18% |
| Benchmark | 3.57% | 1.54% | 2.70% | 1.29% | 6.97% | 8.61% | -2.71% | -11.46% | 6.38% | 4.10% |
| Category Average | - | - | - | - | - | 7.20% | 3.25% | -4.07% | 7.22% | 7.97% |
| Quartile Ranking | - | - | - | - | - | - | - | 1 | 3 | 3 |
| Category Rank | - | - | - | - | - | - | - | 6/ 87 | 53/ 105 | 83/ 111 |
6.63% (2023)
5.72% (2022)
| Name | Percent |
|---|---|
| Canadian Corporate Bonds | 58.59 |
| Cash and Equivalents | 47.03 |
| Foreign Corporate Bonds | 16.86 |
| Mortgages | 10.20 |
| Derivatives | 0.01 |
| Name | Percent |
|---|---|
| Fixed Income | 81.03 |
| Cash and Cash Equivalent | 47.03 |
| Telecommunications | -0.53 |
| Utilities | -0.60 |
| Basic Materials | -0.60 |
| Name | Percent |
|---|---|
| North America | 101.01 |
| Africa and Middle East | -0.01 |
| Asia | -0.05 |
| Latin America | -0.31 |
| Europe | -0.59 |
| Name | Percent |
|---|---|
| United States Treasury 06-Nov-2025 | 12.75 |
| ENBRIDGE INC DISCOUNT NOTE | 9.09 |
| Parkland Corp 6.00% 23-Jun-2028 | 8.39 |
| CANADIAN TREASURY BILL | 8.14 |
| Hilton USA Trust 4.19% 06-Nov-2026 | 7.60 |
| Blue Racer Midstream LLC 6.63% 15-Jul-2026 | 6.11 |
| PEAK ACHIEVEMENT ATHLETICS INC 6.13% 11-Sep-2033 | 5.59 |
| ATS Corp 6.50% 21-Aug-2032 | 5.07 |
| RIVIAN HOLDINGS LLC/RIVIAN LLC/RIVIAN AUTOMOTIVE L 10.00% 15-Jan-2031 | 4.91 |
| ENBRIDGE GAS INC DISCOUNT NOTE | 4.54 |
Pender Alternative Absolute Return Fund Class A
Median
Other - Alternative Credit Focus
| Standard Deviation | 2.20% | - | - |
|---|---|---|---|
| Beta | -0.13% | - | - |
| Alpha | 0.05% | - | - |
| Rsquared | 0.10% | - | - |
| Sharpe | 0.29% | - | - |
| Sortino | 1.40% | - | - |
| Treynor | -0.05% | - | - |
| Tax Efficiency | 36.06% | - | - |
| Volatility |
|
- | - |
| Key Ratio | 1 Yr | 3 Yr | 5 Yr | 10 Yr |
|---|---|---|---|---|
| Standard Deviation | 2.32% | 2.20% | - | - |
| Beta | -0.18% | -0.13% | - | - |
| Alpha | 0.02% | 0.05% | - | - |
| Rsquared | 0.06% | 0.10% | - | - |
| Sharpe | -0.90% | 0.29% | - | - |
| Sortino | -1.30% | 1.40% | - | - |
| Treynor | 0.12% | -0.05% | - | - |
| Tax Efficiency | - | 36.06% | - | - |
| 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) | $701 |
| 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.
| Portfolio Manager |
PenderFund Capital Management Ltd.
|
|---|---|
| Sub-Advisor |
- |
| Fund Manager |
PenderFund Capital Management Ltd. |
|---|---|
| Custodian |
Bank of Nova Scotia The Toronto-Dominion Bank |
| Registrar |
CIBC Mellon Trust Company |
| Distributor |
- |
| RSP Eligible | Yes |
|---|---|
| PAC Allowed | Yes |
| PAC Initial Investment | 0 |
| PAC Subsequent | 0 |
| 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) | 1.00% |
| Trailer Fee Max (DSC) | - |
| Trailer Fee Max (NL) | - |
| Trailer Fee Max (LL) | - |
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