Liquid Alternative Fixed Income
The Pender Alternative Absolute Return Fund is a flexible, high yield focused alternative credit strategy that aims to produce positive absolute returns at all stages of the economic cycle. This low-risk strategy can be used to provide diversification benefits to clients with low correlation to traditional equity and fixed income investments.
UPCOMING WEBINAR
Wednesday, October 7, 2026
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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 | 5.81% |
| Yield to Maturity | 6.22% |
| Term to Maturity (years) | 4.76 |
| Modified Duration (years) | 1.46 |
| Class | 1 Mo. | 3 Mo. | 6 Mo. | 1 Yr. | 3 Yr. | 5 Yr. | 10 Yr. | 15 Yr. | Since Inception |
|---|---|---|---|---|---|---|---|---|---|
| A | -0.3% | 0.6% | -0.3% | 1.5% | 3.5% | 4.7% | |||
| A (USD) | -0.3% | 0.6% | -0.1% | 2.5% | 4.4% | 5.7% | |||
| F | -0.3% | 0.8% | 0.2% | 2.4% | 4.4% | 5.5% | |||
| F (USD) | -0.3% | 0.8% | 0.2% | 3.1% | 5.1% | 6.5% |
| Class | Jan'26 | Feb'26 | Mar'26 | Apr'26 | May'26 | Jun'26 | Jul'26 | Aug'26 | Since Inception |
|---|---|---|---|---|---|---|---|---|---|
| A | $0.07 | $0.04 | $0.06 | $0.05 | $0.05 | $0.05 | $0.05 | $0.04 | $3.65 |
| A (USD) | $0.07 | $0.04 | $0.06 | $0.05 | $0.05 | $0.05 | $0.04 | $0.04 | $3.44 |
| F | $0.08 | $0.05 | $0.06 | $0.06 | $0.05 | $0.06 | $0.05 | $0.05 | $4.10 |
| F (USD) | $0.08 | $0.05 | $0.05 | $0.06 | $0.05 | $0.06 | $0.06 | $0.05 | $3.78 |
| # | Security Name | Fund (%) |
|---|---|---|
| 1 | United States Treasury, 0.00%, 03-Nov-26 | 9.0 |
| 2 | Government of Canada, 2.25%, 01-Feb-28 | 7.5 |
| 3 | Hilton USA Trust, Class 'F', Series '16-HHV', 4.33%, 05-Nov-38 | 6.4 |
| 4 | Rivian Holdings, LLC, 10.00%, 15-Jan-31 | 5.1 |
| 5 | SPDR Bloomberg High Yield Bond ETF | -5.3 |
| 6 | iShares iBoxx High Yield Corporate Bond ETF | -5.9 |
| 7 | Invesco QQQ Trust, Series '1' | -6.0 |
| 8 | iShares Broad USD High Yield Corporate Bond ETF | -6.3 |
| 9 | iShares Russell 2000 ETF | -7.1 |
| 10 | Vanguard S&P 500 ETF | -8.9 |
| Total Percentage of Top 10 Holdings | -11.50 | |
| Total Net Assets of Fund | $657,275,537 | |
| Code | Class | Description | MER | Trailer | Min. Investment Initial/[Subsequent] |
|---|---|---|---|---|---|
| PGF 2040 | A | Front End - HNW | 2.18 | 0.85 | $500/[$] |
| PGF 2041 | A (USD) | Front End - HNW | 2.26 | 0.85 | $500/[$] |
| PGF 2050 | F | Fee Based | 1.25 | $500/[$] | |
| PGF 2051 | F (USD) | Fee Based | 1.27 | $500/[$] |
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.
Dear Unitholders, The Pender Alternative Absolute Return Fund returned -0.3%1 in August, bringing year-to-date return to 1.5%. A sharp rebound in risk assets that started in late July fizzled out in the middle of the month. Low issuance and low engagement in a late summer market helped support both credit and equity markets. Developing macro headwinds […]
Only available in EnglishDear Unitholders, The Pender Alternative Absolute Return Fund returned 0.8%1 in July, bringing year to date return to 1.8%. Credit markets were softer in July despite a sharp rally to close the month, impacted by both higher government bond yields and modestly wider spreads. High volumes of supply, much of which used to fund the […]
Dear Unitholders, The Pender Alternative Absolute Return Fund returned 0.3% in June, bringing year to date return to 1.0%1. Credit markets hit resistance levels in June as high yield spreads touched 263bp, the lowest levels since January 2025 before widening modestly to close the month at 275bp Govt OAS, 1bp higher than the end of […]
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