Fixed Income
The Pender Bond Universe Fund is a fixed 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, while maintaining the flexibility to allocate a portion of the portfolio to non-investment grade securities. The manager emphasizes a counter cyclical approach with respect to credit exposure, duration, and employs opportunistic positioning in credits driven by bottom-up fundamental analysis.
As at June 30, 2026. 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 | 3.68% |
| Yield to Maturity | 4.48% |
| Term to Maturity (years) | 4.56 |
| Modified Duration (years) | 3.70 |
| Class | 1 Mo. | 3 Mo. | 6 Mo. | 1 Yr. | 3 Yr. | 5 Yr. | 10 Yr. | 15 Yr. | Since Inception |
|---|---|---|---|---|---|---|---|---|---|
| A | -1.6% | -1.7% | -1.0% | 1.0% | 6.9% | 2.6% | 3.2% | ||
| F | -1.4% | -1.5% | -0.5% | 1.8% | 7.6% | 3.3% | 3.7% | ||
| F (USD) | -1.5% | -1.4% | -0.2% | 2.4% | 8.7% | 6.2% |
| Class | Feb'26 | Mar'26 | Apr'26 | May'26 | Jun'26 | Jul'26 | Aug'26 | Sep'26 | Since Inception |
|---|---|---|---|---|---|---|---|---|---|
| A | $0.02 | $0.02 | $0.02 | $0.03 | $0.04 | $0.03 | $0.02 | $0.02 | $2.01 |
| F | $0.02 | $0.03 | $0.03 | $0.03 | $0.04 | $0.03 | $0.02 | $0.03 | $2.31 |
| F (USD) | $0.02 | $0.03 | $0.03 | $0.03 | $0.05 | $0.04 | $0.02 | $0.03 | $1.55 |
| # | Security Name | Fund (%) |
|---|---|---|
| 1 | Pender Corporate Bond Fund | 17.8 |
| 2 | United States Treasury, 3.500%, 15-Feb-33 | 5.2 |
| 3 | McDonald's Corporation, 4.857%, 21-May-31 | 5.0 |
| 4 | Waste Management of Canada Corporation, 3.944%, 15-July-33 | 4.2 |
| 5 | Loblaw Companies Limited, 4.488%, 11-Dec-28 | 3.9 |
| 6 | AppLovin Corporation, 5.375%, 01-Dec-31 | 3.2 |
| 7 | Government of Canada, Real Return, 4.000%, 01-Dec-31 | 2.8 |
| 8 | Fairfax Financial Holdings Limited, 3.950%, 03-Mar-31 | 2.5 |
| 9 | European Investment Bank, 11.000%, 12-Jan-32 | 2.5 |
| 10 | VeriSign, Inc., 2.700%, 15-Jun-31 | 2.3 |
| Total Percentage of Top 10 Holdings | 49.40 | |
| Total Net Assets of Fund | $348,945,449 | |
| Code | Class | Description | MER | Trailer | Min. Investment Initial/[Subsequent] |
|---|---|---|---|---|---|
| PGF 1400 | A | Front End | 1.22 | 0.50 | $500/[$] |
| PGF 1410 | F | Fee Based | 0.64 | $500/[$] | |
| PGF 1411 | F (USD) | Fee Based | 0.65 | $500/[$] |
As at 30-06-2026. 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.
The return of the class F units of the Pender Bond Universe Fund for the three-month period ended January 31, 2022 was -0.5%[1]. For the full calendar year of 2021, the class F units were up 2.0%1 with average quarter-end duration of 4.6 years, decreasing somewhat into year-end to 4.03 years at December 31. When […]
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