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10 years at the helm and multiple award wins
10 years at the helm and multiple award wins
1st percentile multi-sector fixed income fund, year-to-date and over 1, 3 and 10 years (2nd over 5 years) by MorningstarTM1
Geoff Castle has been managing the Fund since September 2015, delivering an incredible track record over 10 years. He and his team adhere to a proven investment strategy that has weathered a series of market cycles and, with a flexible mandate, a wide investment universe and an emphasis on active credit selection, they always find pockets of opportunity to pivot into.
| YTD Return | YTD Percentile Rank | 1 Year Return | 1 Year Percentile Rank | 3 Year Return | 3 Year Percentile Rank | 5 Year Return | 5 Year Percentile Rank | 10 Year Return | 10 Year Percentile Rank | |
|---|---|---|---|---|---|---|---|---|---|---|
| Pender Corporate Bond Fund2 | 9.4% | 1st of 276 Funds | 13.9% | 1st of 266 Funds | 11.7% | 1st of 254 Funds | 9.1% | 2nd of 232 Funds | 8.4% | 1st of 115 Funds |
| Multi-Sector Fixed Income Category Average 1 | 4.6% | — | 4.8% | — | 6.9% | — | 2.8% | — | 3.4% | — |
The Fund and its sister fund, the Pender Bond Universe Fund have each been awarded a 2025 LSEG Lipper Fund Award3, further recognition of consistent, strong risk-adjusted performance compared to category peers.
Proven Performance
A decade of strong, risk-adjusted returns under Geoff Castle’s leadership, recognized by multiple industry awards and a 5-Star Overall Morningstar Rating™1.
Disciplined Capital Management
Conservatively managed to preserve capital taking a counter-cyclical credit risk approach and seeking attractive yields relative to risk of default.
Flexible, Opportunistic Strategy
An agile mandate with the freedom to move across the credit spectrum, uncovering pockets of value and opportunity in any market cycle.
Experienced, Active Management
A seasoned team with a proven process—actively navigating changing markets with deep credit expertise and conviction-driven selection.
1 Source: Morningstar, as of Sept 30, 2025. © 2025 Morningstar. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results. Morningstar Ratings are based on fund returns for periods ending 09/30/2025 and are subject to change monthly. Morningstar Star Ratings are assigned based on the ranked Morningstar Risk-Adjusted Return of each fund compared to other funds in the same CIFSC Category. Morningstar calculates ratings for the three-, five, and ten-year periods and then the Overall Morningstar Rating is based on a weighted average of Morningstar Ratings for available time periods. Morningstar calculates ratings for categories with at least five funds. If a fund scores in the top 10% of its category, it receives five stars if it falls in the next 22.5%, it receives four stars; the next 35% earns a fund three stars; those in the next 22.5% receive two stars; and the lowest 10% receive one star. For greater detail, see morningstar.ca. The Star Ratings and number of funds in each category for the standard periods as of 09/30/2025: Pender Corporate Bond Class I, Multi-Sector Fixed Income: YTD – N/A stars; 276 funds, 1 year – N/A stars; 266 funds, 3 years – 5 stars; 254 funds, 5 years – 5 stars; 232 funds, 10 years – 5 stars; 115 funds.
2 Source: Pender, as of September 30, 2025. All returns greater than a year are annual compounded returns. All Pender performance data points are for Class I of the Fund unless otherwise stated. Other classes are available. Fees and performance may differ in those other classes. Standard Performance Information for the Fund may be found at penderfund.com. Please refer to the Disclaimer found here: penderfund.com/disclaimer
3Source: The LSEG Lipper Fund Awards, granted annually, highlight funds and fund companies that have excelled in delivering consistently strong risk-adjusted performance relative to their peers. The LSEG Lipper Fund Awards are based on the Lipper Leader for Consistent Return rating, which is a risk-adjusted performance measure calculated over 36, 60 and 120 months. The fund with the highest Lipper Leader for Consistent Return (Effective Return) value in each eligible classification wins the LSEG Lipper Fund Award. For more information, see lipperfundawards.com. Although LSEG makes reasonable efforts to ensure the accuracy and reliability of the data contained herein, their accuracy is not guaranteed by LSEG Lipper. Please refer to penderfund.com/disclaimer for more information.
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