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Pender Corporate Bond Fund Class A
Multi-Sector Fixed Income
Click for more information on Fundata’s FundGrade
FundGrade A
Click for more information on Fundata’s FundGrade.
FundGrade A+® Rating Recipient
2025, 2024, 2023, 2022, 2021
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|
NAVPS (05-13-2026) |
$14.61 |
|---|---|
| Change |
$0.01
(0.07%)
|
As at April 30, 2026
As at March 31, 2026
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Legend
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Fund Returns
Inception Return (June 01, 2009): 6.51%
| Row Heading | Return | Annualized Return | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 Mth | 3 Mth | 6 Mth | YTD | 1 Yr | 2 Yr | 3 Yr | 4 Yr | 5 Yr | 6 Yr | 7 Yr | 8 Yr | 9 Yr | 10 Yr | |
| Fund | 1.42% | 1.39% | 4.79% | 3.42% | 17.85% | 13.97% | 12.20% | 8.59% | 6.79% | 9.68% | 6.78% | 6.47% | 6.57% | 7.75% |
| Benchmark | -1.08% | -0.21% | -2.07% | -0.47% | 2.91% | 6.34% | 4.83% | 4.85% | 1.84% | 0.75% | 1.69% | 2.39% | 1.83% | 2.68% |
| Category Average | 0.87% | -0.24% | 0.47% | 0.19% | 4.89% | 5.46% | 4.49% | - | - | - | - | - | - | - |
| Category Rank | 34 / 325 | 3 / 321 | 2 / 318 | 2 / 320 | 4 / 307 | 4 / 287 | 4 / 278 | 5 / 267 | 7 / 255 | 7 / 240 | 6 / 223 | 6 / 199 | 5 / 173 | 3 / 135 |
| Quartile Ranking | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
Monthly Return
| Return % | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Jan | Feb | Mar | Apr |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fund | -0.49% | 1.75% | 1.46% | 2.33% | 4.71% | 2.17% | 1.06% | 0.27% | 2.00% | 2.18% | -2.17% | 1.42% |
| Benchmark | -0.45% | 1.36% | 0.41% | 0.79% | 2.27% | 0.61% | -0.13% | -1.47% | -0.26% | 1.58% | -0.69% | -1.08% |
Best Monthly Return Since Inception
7.98% (July 2009)
Worst Monthly Return Since Inception
-12.20% (March 2020)
Calendar Return (%)
| Return % | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Fund | 22.69% | 7.01% | 5.54% | 4.74% | 6.23% | 9.37% | -6.56% | 6.62% | 15.84% | 12.33% |
| Benchmark | 1.29% | 1.23% | 6.50% | 4.01% | 7.35% | -4.31% | -10.27% | 5.25% | 9.76% | 4.31% |
| Category Average | - | - | - | - | - | - | - | - | 3.89% | 5.80% |
| Quartile Ranking | 1 | 1 | 1 | 4 | 2 | 1 | 1 | 3 | 1 | 1 |
| Category Rank | 3/ 124 | 13/ 171 | 17/ 197 | 182/ 218 | 64/ 239 | 23/ 252 | 55/ 260 | 163/ 278 | 11/ 287 | 3/ 303 |
Best Calendar Return (Last 10 years)
22.69% (2016)
Worst Calendar Return (Last 10 years)
-6.56% (2022)
Asset Allocation
| Name | Percent |
|---|---|
| Foreign Corporate Bonds | 54.23 |
| Cash and Equivalents | 12.51 |
| Foreign Government Bonds | 12.34 |
| Canadian Corporate Bonds | 11.00 |
| Canadian Government Bonds | 3.64 |
| Other | 6.28 |
Sector Allocation
| Name | Percent |
|---|---|
| Fixed Income | 81.62 |
| Cash and Cash Equivalent | 12.52 |
| Real Estate | 1.79 |
| Exchange Traded Fund | 1.31 |
| Utilities | 0.70 |
| Other | 2.06 |
Geographic Allocation
| Name | Percent |
|---|---|
| North America | 86.96 |
| Europe | 4.81 |
| Latin America | 4.00 |
| Asia | 1.77 |
| Multi-National | 1.42 |
| Other | 1.04 |
Top Holdings
| Name | Percent |
|---|---|
| Esperion Therapeutics Inc 5.75% 15-Jun-2030 | 1.95 |
| Northern Oil and Gas Inc 3.63% 15-Apr-2029 | 1.93 |
| Total Play Telecoms SAPI de CV 11.13% 31-Dec-2032 | 1.74 |
| Tenaz Energy Corp 12.00% 14-Nov-2029 | 1.70 |
| MCDERMOTT INTL/LEALAND FINANCE | 1.61 |
| Trulieve Cannabis Corp 10.50% 17-Dec-2030 | 1.57 |
| Adecoagro SA 7.50% 29-Jul-2032 | 1.55 |
| CANADIAN TREASURY BILL | 1.53 |
| Waste Management Canada Corp 2.60% 23-Jul-2026 | 1.53 |
| CrowdStrike Holdings Inc 3.00% 09-Jun-2025 | 1.49 |
Equity Style
Fixed Income Style
Risk vs Return (3 Yr)
Pender Corporate Bond Fund Class A
Median
Other - Multi-Sector Fixed Income
3 Yr Annualized
| Standard Deviation | 5.12% | 5.00% | 6.06% |
|---|---|---|---|
| Beta | 0.61 | 0.44 | 0.19 |
| Alpha | 0.09 | 0.06 | 0.07 |
| Rsquared | 0.32% | 0.28% | 0.04% |
| Sharpe | 1.57 | 0.77 | 0.96 |
| Sortino | 3.33 | 1.22 | 1.03 |
| Treynor | 0.13 | 0.09 | 0.30 |
| Tax Efficiency | 85.12% | 72.00% | 79.32% |
| Volatility |
|
|
|
Risk Rating
Annualized Key Ratio Period Comparison
| Key Ratio | 1 Yr | 3 Yr | 5 Yr | 10 Yr |
|---|---|---|---|---|
| Standard Deviation | 5.83% | 5.12% | 5.00% | 6.06% |
| Beta | 1.09 | 0.61 | 0.44 | 0.19 |
| Alpha | 0.13 | 0.09 | 0.06 | 0.07 |
| Rsquared | 0.54% | 0.32% | 0.28% | 0.04% |
| Sharpe | 2.45 | 1.57 | 0.77 | 0.96 |
| Sortino | 5.42 | 3.33 | 1.22 | 1.03 |
| Treynor | 0.13 | 0.13 | 0.09 | 0.30 |
| Tax Efficiency | 87.46% | 85.12% | 72.00% | 79.32% |
Fund Details
| Start Date | June 01, 2009 |
|---|---|
| Instrument Type | Mutual Fund |
| Share Class | Commission Based Advice |
| Legal Status | Trust |
| Sales Status | Open |
| Currency | CAD |
| Distribution Frequency | Monthly |
| Assets ($mil) | - |
Fund Codes
| FundServ Code | Load Code | Sales Status |
|---|---|---|
| PGF500 |
Investment Objectives
The objective of the Fund is to preserve capital and generate returns through current income and capital appreciation. The Fund invests primarily in investment and non-investment grade fixed income securities issued by North American corporations. This, however, does not preclude the Fund from making equity investments when the Manager deems the risk/reward trade-off to be in the investors’ favour.
Investment Strategy
The Fund employs a value-based fundamental research process. The Manager believes that private and public securities are priced inefficiently and, as a result, the price of any given security only occasionally coincides with its intrinsic value. The Manager attempts to identify and exploit these inaccuracies using internal analyses. Those businesses whose securities the Manager believes to be undervalued will be considered as investment candidates.
Portfolio Management
| Portfolio Manager |
PenderFund Capital Management Ltd.
|
|---|---|
| Sub-Advisor |
- |
Management and Organization
| Fund Manager |
PenderFund Capital Management Ltd. |
|---|---|
| Custodian |
CIBC Mellon Trust Company |
| Registrar |
CIBC Mellon Trust Company |
| Distributor |
- |
Investment Minimums
| RSP Eligible | Yes |
|---|---|
| PAC Allowed | Yes |
| PAC Initial Investment | 0 |
| PAC Subsequent | 0 |
| SWP Allowed | Yes |
| SWP Min Balance | - |
| SWP Min Withdrawal | - |
Fees
| MER | 2.07% |
|---|---|
| Management Fee | 1.40% |
| Load | Back Fee Only |
| FE Max | 5.00% |
| DSC Max | - |
| Trailer Fee Max (FE) | 0.65% |
| Trailer Fee Max (DSC) | - |
| Trailer Fee Max (NL) | - |
| Trailer Fee Max (LL) | - |
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