Pender Bond Universe Fund
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.
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Since Inception returns are from January 2020. All returns greater than a year are annual compounded returns.
| Performance (%) - 2024-06-28 | 1 Mo. | 3 Mo. | 6 Mo. | 1 Yr. | 2 Yr. | 3 Yr. | 5 Yr. | 10 Yr. | YTD | Since Inception | Inception Date | A | 0.8 | 1.6 | 2.6 | 7.6 | 4.7 | 0.6 | 2.6 | 2.1 | 2020-01-31 | F | 0.8 | 1.7 | 2.8 | 8.2 | 5.2 | 1.2 | 2.8 | 2.6 | 2020-01-31 |
|---|
| Annual Performance (%) | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | YTD | A | 1.5 | -6.9 | 6.4 | 2.6 | F | 2.0 | -6.4 | 6.9 | 2.8 |
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| Distributions Per Unit ($) | Nov'23 | Dec'23 | Jan'24 | Feb'24 | Mar'24 | Apr'24 | May'24 | Jun'24 | Since Inception |
|---|---|---|---|---|---|---|---|---|---|
| A | 0.02 | 0.02 | 0.03 | 0.02 | 0.02 | 0.03 | 0.03 | 0.03 | 1.35 |
| F | 0.03 | 0.02 | 0.03 | 0.02 | 0.03 | 0.03 | 0.03 | 0.04 | 1.53 |
Standard Performance Data is subject to important disclosures set out in our Disclaimer.
Class Fund Codes Description MER* Minimum Investment: Initial/[Subsequent] A PGF 1400 Front End 1.18% $5,000 / [$100] F PGF 1410 Fee Based 0.65% $5,000 / [$100] F (US$) PGF 1411 Fee Based 0.63% $5,000 / [$100] *As at 2023-12-31. The management expense ratio (“MER”) is calculated based on expenses charged to the fund inclusive of applicable taxes including GST and HST (excluding commissions 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.
Asset Class: Fixed Income Securities Inception Date: January 31, 2020 Valuation Frequency: Daily Eligibility: Canada-Wide, Registered Plans Distributions: Drip Monthly, cash optional Benchmark: FTSE/TMX Universe Bond Index Portfolio Manager: Geoff Castle
Associate Portfolio Manager: Emily Wheeler, CFA
Know Your Product
Monthly
- Pender Bond Universe Fund – Profile Sheet – CAD – Class A
- Pender Bond Universe Fund – Profile Sheet – CAD – Class F
Annual (POS)
- Pender Bond Universe Fund – Fund Facts – CAD – Class A
- Pender Bond Universe Fund – Fund Facts – CAD – Class F
- Pender Bond Universe Fund – Fund Facts – USD – Class F
For More Visit: Legal & Financial
The Latest
Bond Universe – Q1 2024
Highlights A strong March characterized by strength in credit lifted the Fund into positive territory for the quarter ended March 31, 2024. Key contributors included Occidental Petroleum and OPKO Health. Currently the Fund has a 22% weight in non-investment grade holdings achieved though exposure to the Pender Corporate Bond Fund units along with select non-IG bonds. Duration is little changed from the previous quarter-end. A strong March lifted the Fund into positive territory for the quarter ended March 31, 2024. The class F units were up 1.5% in Q1 which represented 1% of relative outperformance over the period vs the…
Geoff Castle
Portfolio Manager
Mr. Castle is the Portfolio Manager of the Pender Corporate Bond Fund and the Pender Bond Universe Fund. He began his investing career in 2000 and has experience in both public mutual funds and proprietary investment fund management for ultra-high net worth individuals.
Emily Wheeler
Portfolio Manager
Emily Wheeler joined Pender in October 2019 and is a Portfolio Manager working on the Pender Corporate Bond Fund and the Pender Bond Universe Fund.
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