Revenu fixe
Turning credit-market dislocation into opportunity: a diversified portfolio of special situation, stressed and distressed debt from publicly traded issuers, built for attractive, risk-adjusted returns.
Prochain Webinaire
Jeudi, octobre 8, 2026
10 h, HNP/11 h, HNR/12 h, HNC/13 h, HNE
Le RFG était nul au en raison d’une renonciation aux frais. Le ratio des frais de gestion (« RFG ») est calculé en fonction des dépenses imputées au fonds, y compris les taxes applicables, soit la TPS et la TVH, à l’exception des commissions, des frais liés au rendement et autres coûts de transaction du portefeuille. Le RFG est exprimé sous forme de pourcentage annualisé de la valeur liquidative nette de la période ou de l’année. Les taxes applicables sont calculées à l’aide d’un pourcentage établi en fonction de la province de résidence des porteurs de parts.
| CA | 3 Mo. | 6 Mo. | 1 Yr. | Depuis la création | |
|---|---|---|---|---|---|
| Pender Credit Opportunities Fund | 9.4 | 6,8 | 6,1 | 31.1 | 15.3 |
| ICE BofA US High Yield TR | 1.6 | 0.4 | 1.1 | 5.0 | 5.8 |
| Excess Return | 7.8 | 6.4 | 5.0 | 26.1 | 9.5 |
Missing allocations.
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| Code | Catégorie | Description | RFG | Commission de suivi | Placement minimal : initial/[ultérieur] |
|---|---|---|---|---|---|
| - | F | /[$] |
Le RFG était nul au en raison d’une renonciation aux frais. Le ratio des frais de gestion (RFG), à l’exclusion des frais de performance, est calculé en fonction des dépenses imputées au fonds, y compris les taxes applicables, soit la TPS et la TVH, à l’exception des commissions et autres coûts de transaction du portefeuille. Le RFG est exprimé sous forme de pourcentage annualisé de la valeur liquidative nette moyenne pour la période ou l’année. Les taxes applicables sont calculées à l’aide d’un pourcentage déterminé en fonction de la province de résidence des porteurs de parts.
A fundamentals-first approach that stays suitable regardless of where we are in the credit cycle.
Dislocation is structural, not seasonal. Maturity walls, downgrades, forced selling and index exclusion continually create mispriced credit in both strong and weak markets.
Because the Fund runs a fixed capital pool and stays deliberately small, it can move into corners of the market where capital is scarce and competition is thin.
Associate Portfolio Manager Parul Garg on her investment approach.
Priced mark-to-market, the Fund offers a differentiated risk-to-reward stream across credit cycles.
Extensive bankruptcy and restructuring experience, with deep due-diligence research focused on risk and capital preservation.
Videos, resources and podcasts on the stressed & distressed credit strategy.
Dear Co-investors, Thank you for your continued partnership in the Pender Credit Opportunities Fund. In the second quarter of 2026, the Fund appreciated 11.6% net of fees, aided by impactful contributions from Wolfspeed, Inc., Evolent Health, Inc., and Fluence Energy, Inc. We are also approaching an exciting milestone: our three-year track record of managing Funds […]
Disponible en anglais seulementDear Co-investors, Thank you for your continued partnership in the Pender Credit Opportunities Fund. In this quarter’s letter, we will share our perspective on the opportunistic themes we are seeing ahead and also provide a closer look on a few of the high conviction, individual credits we hold. Fund at a Glance Pender Credit Opportunities […]
Disponible en anglais seulementDear Investors Thank you for your continued partnership in the Pender Credit Opportunities Fund. As of December 31st, 2025, the Fund was up 13.7%1 (net of all expenses and fees) for the year. Over the same period, the benchmark returned 7.3%. In this letter, we will review the key contributors and detractors and then share […]
Disponible en anglais seulementThis document or material is directed only to Canadian residents that are “accredited investors” as defined under section 1.1 of National Instrument 45-106 Prospectus Exemptions and “permitted clients” as defined under section 1.1 of National Instrument 31-103 Registration Requirements, Exemptions and Ongoing Registrant Obligations.
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