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Pender Corporate Bond Fund Class I

Multi-Sector Fixed Income

FundGrade A Click for more information on Fundata’s FundGrade

FundGrade A

Click for more information on Fundata’s FundGrade.

FundGrade A+® Rating Recipient

FundGrade A+® Rating Recipient

2024, 2023, 2022, 2021, 2019

Click for more information on Fundata’s FundGrade

NAVPS
(07-25-2025)
$11.42
Change
$0.00 (-0.01%)

As at June 30, 2025

As at June 30, 2025

Period
Created with Highcharts 10.3.3Jan 2015Jan 2016Jan 2017Jan 2018Jan 2019Jan 2020Jan 2021Jan 2022Jan 2023Jan 2024Jan 2025Jul 2022Oct 2022Apr 2023Jul 2023Oct 2023Apr 2024Jul 2024Oct 2024Apr 2025Jan 2016Jan 2018Jan 2020Jan 2022Jan 2024$7,500$10,000$12,500$15,000$17,500$20,000$22,500$11,000$12,000$13,000$14,000Period

Legend

Pender Corporate Bond Fund Class I

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Fund Returns

Inception Return (June 30, 2014): 6.27%

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 1.84% -1.63% 0.34% 0.34% 8.99% 11.05% 8.76% 5.29% 8.17% 6.24% 5.97% 6.35% 7.49% 6.96%
Benchmark 1.36% -0.99% 1.81% 1.81% 9.27% 8.23% 6.85% 1.47% 0.26% 1.58% 2.25% 2.26% 2.20% 3.08%
Category Average 1.33% 1.67% 2.91% 2.91% 6.01% 5.51% - - - - - - - -
Category Rank 16 / 318 299 / 318 286 / 313 286 / 313 20 / 299 3 / 289 15 / 288 7 / 270 5 / 251 5 / 236 5 / 219 4 / 194 2 / 169 1 / 126
Quartile Ranking 1 4 4 4 1 1 1 1 1 1 1 1 1 1

Monthly Return

Created with Highcharts 10.3.3-4%-2%0%2%4%
Monthly Return
Return % Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun
Fund 2.62% 0.90% 0.75% 1.13% 2.21% 0.74% 1.42% 0.94% -0.36% -3.03% -0.39% 1.84%
Benchmark 3.56% -0.33% 1.97% 0.33% 0.96% 0.67% 1.41% 1.02% 0.37% -1.88% -0.45% 1.36%

Best Monthly Return Since Inception

4.74% (November 2020)

Worst Monthly Return Since Inception

-12.16% (March 2020)

Calendar Return (%)

Created with Highcharts 10.3.3-20%-10%0%10%20%30%
Calendar Return
Return % 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Fund -7.69% 23.79% 8.03% 6.62% 5.73% 7.17% 10.43% -5.58% 7.72% 17.19%
Benchmark 16.14% 1.29% 1.23% 6.50% 4.01% 7.35% -4.31% -10.27% 5.25% 9.76%
Category Average - - - - - - - - - 3.89%
Quartile Ranking 4 1 1 1 3 1 1 1 2 1
Category Rank 113/ 116 1/ 134 6/ 181 11/ 207 161/ 228 33/ 250 19/ 263 42/ 271 100/ 289 4/ 298

Best Calendar Return (Last 10 years)

23.79% (2016)

Worst Calendar Return (Last 10 years)

-7.69% (2015)

Asset Allocation

Asset Allocation
Name Percent
Foreign Corporate Bonds 48.44
Canadian Corporate Bonds 11.81
Cash and Equivalents 11.73
Foreign Government Bonds 10.36
US Equity 5.21
Other 12.45

Sector Allocation

Sector Allocation
Name Percent
Fixed Income 73.77
Cash and Cash Equivalent 11.73
Exchange Traded Fund 2.47
Consumer Goods 1.73
Real Estate 1.20
Other 9.10

Geographic Allocation

Geographic Allocation
Name Percent
North America 91.60
Europe 3.82
Latin America 3.72
Multi-National 0.87

Top Holdings

Top Holdings
Name Percent
First Majestic Silver Corp 0.38% 15-Jan-2027 2.14
Aberdeen Standard Physical Platinum ETF (PPLT) 2.04
Waste Management Canada Corp 2.60% 23-Jul-2026 1.82
United States Treasury 4.63% 15-Feb-2035 1.78
Fair Isaac Corp 4.00% 15-Jun-2028 1.74
VeriSign, Inc 4.75% 29-Jun-2025 1.70
BLUENORD ASA 1.60
Esperion Therapeutics Inc 5.75% 15-Jun-2030 1.56
Tenaz Energy Corp 12.00% 14-Nov-2029 1.54
Spirit IP Cayman Ltd 11.00% 12-Mar-2030 1.54

Equity Style

Equity style data not available

Fixed Income Style

Fixed income style data not available
Period: 

Risk vs Return (3 Yr)

Created with Highcharts 10.3.3Risk (Annualized Standard Deviation)ReturnMedian DeviationMedian Return3456789101112-2%0%2%4%6%8%10%12%

Pender Corporate Bond Fund Class I

Median

Other - Multi-Sector Fixed Income

3 Yr Annualized

Standard Deviation 4.47% 4.86% 6.22%
Beta 0.44% 0.30% 0.06%
Alpha 0.06% 0.08% 0.07%
Rsquared 0.28% 0.15% 0.00%
Sharpe 1.01% 1.13% 0.84%
Sortino 2.26% 1.85% 0.85%
Treynor 0.10% 0.18% 0.94%
Tax Efficiency 76.67% 73.19% 71.98%
Volatility Volatility rating is 1 on a scale of 1 to 10 Volatility rating is 2 on a scale of 1 to 10 Volatility rating is 2 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 5.14% 4.47% 4.86% 6.22%
Beta 0.90% 0.44% 0.30% 0.06%
Alpha 0.01% 0.06% 0.08% 0.07%
Rsquared 0.67% 0.28% 0.15% 0.00%
Sharpe 1.05% 1.01% 1.13% 0.84%
Sortino 1.70% 2.26% 1.85% 0.85%
Treynor 0.06% 0.10% 0.18% 0.94%
Tax Efficiency 75.93% 76.67% 73.19% 71.98%

Fund Details

Start Date June 30, 2014
Instrument Type Mutual Fund
Share Class Fee Based Advice
Legal Status Trust
Sales Status Open
Currency CAD
Distribution Frequency Monthly
Assets ($mil) $2,606

Fund Codes

FundServ Code Load Code Sales Status
PGF550

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 and non-investment grade fixed income securities issued by North American corporations. 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 Management

Portfolio Manager

PenderFund Capital Management Ltd.

  • Geoff Castle
  • Parul Garg
  • Emily Wheeler
Sub-Advisor

-

Management and Organization

Fund Manager

PenderFund Capital Management Ltd.

Custodian

CIBC Mellon Trust Company

Registrar

CIBC Mellon Trust Company

Distributor

-

Investment Minimums

RSP Eligible Yes
PAC Allowed Yes
PAC Initial Investment 100,000
PAC Subsequent 0
SWP Allowed Yes
SWP Min Balance 100,000
SWP Min Withdrawal 100

Fees

MER 1.03%
Management Fee 0.45%
Load No Load
FE Max -
DSC Max -
Trailer Fee Max (FE) -
Trailer Fee Max (DSC) -
Trailer Fee Max (NL) 0.00%
Trailer Fee Max (LL) -

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