Try Fund Library Premium
Free with a 30 day trial!
Gain access to
- Unlimited Watchlists
- Advanced Search Filtering
- Fund Comparisons
- Portfolio Scenarios
- Customizable PDF Reports
- Portfolio Rebalancer new
Pender Alternative Absolute Return Fund Class A
Alternative Credit Focus
Click for more information on Fundata’s FundGrade
FundGrade D
Click for more information on Fundata’s FundGrade.
|
NAVPS (05-13-2026) |
$8.80 |
|---|---|
| Change |
$0.00
(-0.05%)
|
As at April 30, 2026
As at November 30, 2025
Loading......
Legend
Compare Options
Fund Returns
Inception Return (September 01, 2021): 5.05%
| 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 | -2.03% | 0.45% | 1.79% | 0.74% | 0.74% | 2.21% | 4.06% | 4.84% | - | - | - | - | - | - |
| Benchmark | 0.06% | -0.26% | -0.74% | 0.36% | 1.56% | 5.13% | 3.07% | 2.76% | 0.70% | 0.18% | 1.34% | 1.91% | 1.59% | 1.73% |
| Category Average | 0.80% | 0.58% | 1.70% | 1.30% | 6.26% | 6.47% | 6.27% | 5.32% | 3.62% | 5.20% | 4.26% | - | - | - |
| Category Rank | 149 / 149 | 64 / 145 | 54 / 145 | 95 / 145 | 132 / 133 | 109 / 110 | 96 / 106 | 56 / 91 | - | - | - | - | - | - |
| Quartile Ranking | 4 | 2 | 2 | 3 | 4 | 4 | 4 | 3 | - | - | - | - | - | - |
Monthly Return
| Return % | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Jan | Feb | Mar | Apr |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fund | -0.30% | -0.42% | 0.21% | -0.08% | -0.05% | -0.39% | 0.66% | 0.37% | 0.29% | 0.85% | 1.67% | -2.03% |
| Benchmark | 0.08% | 0.04% | -0.74% | 0.37% | 1.80% | 0.76% | 0.26% | -1.36% | 0.63% | 1.70% | -1.99% | 0.06% |
Best Monthly Return Since Inception
1.67% (March 2026)
Worst Monthly Return Since Inception
-2.03% (April 2026)
Calendar Return (%)
| Return % | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Fund | - | - | - | - | - | - | 5.98% | 6.93% | 6.47% | 1.19% |
| Benchmark | 1.54% | 2.70% | 1.29% | 6.97% | 8.61% | -2.71% | -11.46% | 6.38% | 4.10% | 2.40% |
| Category Average | - | - | - | - | 7.20% | 3.25% | -4.07% | 7.22% | 7.97% | 5.39% |
| Quartile Ranking | - | - | - | - | - | - | 1 | 2 | 3 | 4 |
| Category Rank | - | - | - | - | - | - | 4/ 85 | 51/ 105 | 80/ 110 | 131/ 131 |
Best Calendar Return (Last 10 years)
6.93% (2023)
Worst Calendar Return (Last 10 years)
1.19% (2025)
Asset Allocation
| Name | Percent |
|---|---|
| Canadian Corporate Bonds | 51.44 |
| Foreign Corporate Bonds | 33.99 |
| Cash and Equivalents | 31.88 |
| Mortgages | 9.69 |
| Canadian Equity | 0.59 |
Sector Allocation
| Name | Percent |
|---|---|
| Fixed Income | 90.75 |
| Cash and Cash Equivalent | 31.88 |
| Telecommunications | -0.43 |
| Utilities | -0.51 |
| Basic Materials | -0.53 |
Geographic Allocation
| Name | Percent |
|---|---|
| North America | 100.84 |
| Africa and Middle East | -0.01 |
| Asia | -0.04 |
| Latin America | -0.27 |
| Europe | -0.50 |
Top Holdings
| Name | Percent |
|---|---|
| ENBRIDGE INC DISCOUNT NOTE | 8.64 |
| SUNOCO LP 6.00% 22-Jun-2028 | 8.00 |
| CANADIAN TREASURY BILL | 7.76 |
| Hilton USA Trust 4.19% 06-Nov-2026 | 7.22 |
| Blue Racer Midstream LLC 6.63% 15-Jul-2026 | 5.91 |
| PEAK ACHIEVEMENT ATHLETICS INC 6.13% 11-Sep-2033 | 5.34 |
| RIVIAN HOLDINGS LLC/RIVIAN LLC/RIVIAN AUTOMOTIVE L 10.00% 15-Jan-2031 | 4.98 |
| ATS Corp 6.50% 21-Aug-2032 | 4.85 |
| WOLF MIDSTREAM CANADA LP 5.95% 18-Jul-2033 | 4.11 |
| CIPHER COMPUTE LLC 7.13% 15-Nov-2030 | 4.07 |
Equity Style
Fixed Income Style
Risk vs Return (3 Yr)
Pender Alternative Absolute Return Fund Class A
Median
Other - Alternative Credit Focus
3 Yr Annualized
| Standard Deviation | 2.58% | - | - |
|---|---|---|---|
| Beta | -0.15 | - | - |
| Alpha | 0.05 | - | - |
| Rsquared | 0.10% | - | - |
| Sharpe | 0.15 | - | - |
| Sortino | 0.60 | - | - |
| Treynor | -0.02 | - | - |
| Tax Efficiency | 24.84% | - | - |
| Volatility |
|
- | - |
Risk Rating
Annualized Key Ratio Period Comparison
| Key Ratio | 1 Yr | 3 Yr | 5 Yr | 10 Yr |
|---|---|---|---|---|
| Standard Deviation | 3.08% | 2.58% | - | - |
| Beta | -0.21 | -0.15 | - | - |
| Alpha | 0.01 | 0.05 | - | - |
| Rsquared | 0.07% | 0.10% | - | - |
| Sharpe | -0.52 | 0.15 | - | - |
| Sortino | -0.87 | 0.60 | - | - |
| Treynor | 0.07 | -0.02 | - | - |
| Tax Efficiency | - | 24.84% | - | - |
Fund Details
| Start Date | September 01, 2021 |
|---|---|
| Instrument Type | Mutual Fund (Alternative) |
| 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 |
|---|---|---|
| PGF2040 |
Investment Objectives
The objective of the Fund is to maximize absolute returns over a complete market cycle by providing longterm capital growth and income, with low volatility of returns. The Fund will invest primarily in a portfolio of North American fixed income securities but may also invest in foreign and other securities.
Investment Strategy
To achieve the Fund’s investment objectives, the Manager will utilize fundamental research to identify attractive risk adjusted return opportunities in individual investments within a diversified portfolio. The Fund will invest primarily in North American fixed income and credit securities as well as other instruments.
Portfolio Management
| Portfolio Manager |
PenderFund Capital Management Ltd.
|
|---|---|
| Sub-Advisor |
- |
Management and Organization
| Fund Manager |
PenderFund Capital Management Ltd. |
|---|---|
| Custodian |
Bank of Nova Scotia The Toronto-Dominion Bank |
| Registrar |
CIBC Mellon Trust Company |
| Distributor |
- |
Investment Minimums
| RSP Eligible | Yes |
|---|---|
| PAC Allowed | Yes |
| PAC Initial Investment | 100,000 |
| PAC Subsequent | 0 |
| SWP Allowed | Yes |
| SWP Min Balance | - |
| SWP Min Withdrawal | - |
Fees
| MER | 2.21% |
|---|---|
| Management Fee | 1.80% |
| Load | Back Fee Only |
| FE Max | 5.00% |
| DSC Max | - |
| Trailer Fee Max (FE) | 0.85% |
| Trailer Fee Max (DSC) | - |
| Trailer Fee Max (NL) | - |
| Trailer Fee Max (LL) | - |
Try Fund Library Premium
Free with a 30 day trial!
Gain access to
- Unlimited Watchlists
- Advanced Search Filtering
- Fund Comparisons
- Portfolio Scenarios
- Customizable PDF Reports
- Portfolio Rebalancer new
