Fixed Income
The Pender Bond Universe Fund is an income fund with an investment grade focus. The objective of the Fund is to preserve capital and generate returns through current income and capital appreciation. The Fund invests primarily in investment grade fixed income securities. This, however, does not preclude the Fund from making equity investments when the Portfolio Manager deems the risk/reward trade-off to be in the investors’ favor.
As at December 31, 2025. The management expense ratio ("MER") is calculated based on expenses charged to the fund inclusive of applicable taxes including GST and HST (excluding commissions, performance fees and other portfolio transaction costs) and is expressed as an annualized percentage of average net assets for the period/year. The applicable taxes are calculated using the attribution percentage for each province based on unitholder residency.
| Current Yield | 4.04% |
| Yield to Maturity | 4.49% |
| Term to Maturity (years) | 5.43 |
| Modified Duration (years) | 4.39 |
| Class | 1 Mo. | 3 Mo. | 6 Mo. | 1 Yr. | 3 Yr. | 5 Yr. | 10 Yr. | 15 Yr. | Since Inception |
|---|---|---|---|---|---|---|---|---|---|
| A | -1.0% | -0.6% | -0.7% | 5.7% | 6.8% | 2.8% | 3.4% | ||
| F | -0.9% | -0.4% | -0.3% | 6.5% | 7.4% | 3.4% | 3.9% | ||
| F (USD) | -0.8% | -0.2% | -0.2% | 7.7% | 8.6% | 6.6% |
| Class | Dec'25 | Jan'26 | Feb'26 | Mar'26 | Apr'26 | May'26 | Jun'26 | Jul'26 | Since Inception |
|---|---|---|---|---|---|---|---|---|---|
| A | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.04 | $0.03 | $1.97 |
| F | $0.02 | $0.03 | $0.02 | $0.03 | $0.03 | $0.03 | $0.04 | $0.03 | $2.26 |
| F (USD) | $0.02 | $0.03 | $0.02 | $0.03 | $0.03 | $0.03 | $0.05 | $0.04 | $1.50 |
| # | Security Name | Fund (%) |
|---|---|---|
| 1 | Pender Corporate Bond Fund | 19.1 |
| 2 | United States Treasury, 3.500%, 15-Feb-33 | 6.7 |
| 3 | McDonald's Corporation, 4.857%, 21-May-31 | 6.4 |
| 4 | Waste Management of Canada Corporation, 3.944%, 15-July-33 | 5.4 |
| 5 | Loblaw Companies Limited, 4.488%, 11-Dec-28 | 5.0 |
| 6 | AppLovin Corporation, 5.375%, 01-Dec-31 | 3.6 |
| 7 | Government of Canada, Real Return, 4.000%, 01-Dec-31 | 3.5 |
| 8 | Fairfax Financial Holdings Limited, 3.950%, 03-Mar-31 | 3.3 |
| 9 | VeriSign, Inc., 2.700%, 15-Jun-31 | 3.0 |
| 10 | Government of Canada, Real Return, 3.000%, 01-Dec-36 | 2.7 |
| Total Percentage of Top 10 Holdings | 58.70 | |
| Total Net Assets of Fund | $273,603,645 | |
| Code | Class | Description | MER | Trailer | Min. Investment Initial/[Subsequent] |
|---|---|---|---|---|---|
| PGF 1400 | A | Front End | 1.18 | 0.50 | $500/[$] |
| PGF 1410 | F | Fee Based | 0.64 | $500/[$] | |
| PGF 1411 | F (USD) | Fee Based | 0.68 | $500/[$] |
As at 31-12-2025. The management expense ratio (“MER”) is calculated based on expenses charged to the fund inclusive of applicable taxes including GST and HST (excluding commissions, performance fees and other portfolio transaction costs) and is expressed as an annualized percentage of average net assets for the period/year. The applicable taxes are calculated using the attribution percentage for each province based on unitholder residency.
Class F units of the Pender Bond Universe Fund (the “Fund”) were up 4.7%1 over the quarter, outperforming their benchmark, the FTSE Canada Universe Bond Index, by 3.2%. All portions of the Fund pulled in the same direction this period with our high grade, individual credit lines and Pender Corporate Bond Fund holdings all higher […]
Although outperforming it’s benchmark[1] by 0.2%[2] in Q2, the Class F units of the Pender Bond Universe Fund were down 0.4% over the period. Exposure to Non-Investment Grade securities through our Pender Corporate Bond Fund holdings and several individual credits held, negatively impacted performance this quarter. The Fund’s High-Grade exposure was largely positive over the […]
The Class F units of the Pender Bond Universe Fund were up 2.2%[1] in the first quarter of 2025. The Fund outperformed its benchmark, FTSE/TMX Canada Universe Bond Index, by 0.2% over the period. Almost all of the Fund’s holdings contributed positively in Q1 as the environment for both rates and line-item credit positions was […]
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