We act as “Value players” in corporate credit, by seeking attractive yields relative to risk of default.
We take a Counter-cyclical credit risk approach of owning lower risk names when spreads are low and vice versa.
We take a Counter-cyclical duration approach by positioning portfolio short duration when term premium is low and vice versa.
We emphasize an opportunistic and nimble approach owning a variety of securities including straight bonds, convertible bonds, term loans, etc. when attractively priced.
Pender Corporate Bond Fund
Suitable for investors looking for a total return fixed income fund that is both conservatively managed to preserve capital, as well as opportunistic to generate returns. Driven by bottom-up fundamental analysis and acting as a “Value Player” in corporate credit, the Fund emphasizes a flexible and nimble approach across the credit risk spectrum.
Suitable for investors looking for a stable fixed income fund with an investment grade focus. The Fund invests greater than 75% in investment grade fixed income securities. The fund can also invest in a broader range of fixed income securities to further diversify and enhance the portfolios total return.
Suitable for investors looking to generate returns above traditional high yield and private credit, while accepting a relatively higher degree of volatility. Investing in stressed and distressed situations the fund will focus on idiosyncratic opportunities targeting 13-18% returns across a cycle. Given the strategy, returns would be primarily capital gains making for a tax efficient fixed income Fund.
