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Pender Alternative Multi-Strategy Income Fund Class A
Alternative Equity Focus
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FundGrade C
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FundGrade A+® Rating Recipient
2014
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|
NAVPS (05-13-2026) |
$12.94 |
|---|---|
| Change |
$0.01
(0.05%)
|
As at April 30, 2026
As at March 31, 2026
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Legend
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Fund Returns
Inception Return (August 31, 2022): 5.20%
| 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 | -0.20% | 0.27% | 1.48% | 1.20% | 5.49% | 5.57% | 5.42% | - | - | - | - | - | - | - |
| Benchmark | 3.81% | 7.00% | 13.54% | 7.89% | 40.10% | 28.50% | 21.54% | 16.52% | 15.51% | 18.30% | 14.14% | 13.56% | 12.35% | 12.61% |
| Category Average | 4.87% | 4.01% | 7.33% | 6.21% | 24.82% | 15.53% | 14.45% | 10.65% | 8.69% | 11.33% | 8.63% | - | - | - |
| Category Rank | 233 / 263 | 205 / 260 | 183 / 248 | 188 / 250 | 183 / 221 | 129 / 165 | 108 / 128 | - | - | - | - | - | - | - |
| Quartile Ranking | 4 | 4 | 3 | 4 | 4 | 4 | 4 | - | - | - | - | - | - | - |
Monthly Return
| Return % | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Jan | Feb | Mar | Apr |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fund | 0.25% | 0.51% | 0.76% | 0.61% | 1.23% | 0.52% | 0.18% | 0.10% | 0.93% | 1.12% | -0.65% | -0.20% |
| Benchmark | 5.56% | 2.91% | 1.69% | 4.96% | 5.40% | 0.97% | 3.86% | 1.32% | 0.84% | 7.72% | -4.32% | 3.81% |
Best Monthly Return Since Inception
1.45% (March 2024)
Worst Monthly Return Since Inception
-0.73% (April 2025)
Calendar Return (%)
| Return % | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Fund | - | - | - | - | - | - | - | 3.96% | 7.58% | 4.99% |
| Benchmark | 21.08% | 9.10% | -8.89% | 22.88% | 5.60% | 25.09% | -5.84% | 11.75% | 21.65% | 31.68% |
| Category Average | - | - | - | - | 5.11% | 17.27% | -5.96% | 6.54% | 16.58% | 15.40% |
| Quartile Ranking | - | - | - | - | - | - | - | 4 | 4 | 4 |
| Category Rank | - | - | - | - | - | - | - | 98/ 125 | 115/ 146 | 169/ 199 |
Best Calendar Return (Last 10 years)
7.58% (2024)
Worst Calendar Return (Last 10 years)
3.96% (2023)
Asset Allocation
| Name | Percent |
|---|---|
| Canadian Bonds - Other | 33.69 |
| Foreign Corporate Bonds | 19.61 |
| Cash and Equivalents | 9.00 |
| Foreign Government Bonds | 4.47 |
| Canadian Corporate Bonds | 3.98 |
| Other | 29.25 |
Sector Allocation
| Name | Percent |
|---|---|
| Fixed Income | 63.21 |
| Mutual Fund | 25.67 |
| Exchange Traded Fund | 4.94 |
| Cash and Cash Equivalent | 4.53 |
| Real Estate | 0.64 |
| Other | 1.01 |
Geographic Allocation
| Name | Percent |
|---|---|
| North America | 69.61 |
| Multi-National | 26.18 |
| Europe | 1.74 |
| Latin America | 1.44 |
| Asia | 0.64 |
| Other | 0.39 |
Top Holdings
| Name | Percent |
|---|---|
| Pender Corporate Bond Fund Class A | 36.17 |
| PENDER AL AB RT CLO BNS 2030 | 33.69 |
| Pender Alternative Arbitrage Plus Fund Cl A | 25.67 |
| Purpose Cash Management Fund ETF - Closed | 4.47 |
Equity Style
Fixed Income Style
Risk vs Return (3 Yr)
Pender Alternative Multi-Strategy Income Fund Class A
Median
Other - Alternative Equity Focus
3 Yr Annualized
| Standard Deviation | 1.86% | - | - |
|---|---|---|---|
| Beta | 0.10 | - | - |
| Alpha | 0.03 | - | - |
| Rsquared | 0.38% | - | - |
| Sharpe | 0.90 | - | - |
| Sortino | 2.11 | - | - |
| Treynor | 0.17 | - | - |
| Tax Efficiency | - | - | - |
| Volatility |
|
- | - |
Risk Rating
Annualized Key Ratio Period Comparison
| Key Ratio | 1 Yr | 3 Yr | 5 Yr | 10 Yr |
|---|---|---|---|---|
| Standard Deviation | 1.90% | 1.86% | - | - |
| Beta | 0.10 | 0.10 | - | - |
| Alpha | 0.02 | 0.03 | - | - |
| Rsquared | 0.35% | 0.38% | - | - |
| Sharpe | 1.58 | 0.90 | - | - |
| Sortino | 2.32 | 2.11 | - | - |
| Treynor | 0.29 | 0.17 | - | - |
| Tax Efficiency | 63.20% | - | - | - |
Fund Details
| Start Date | August 31, 2022 |
|---|---|
| Instrument Type | Mutual Fund (Alternative) |
| Share Class | Commission Based Advice |
| Legal Status | Trust |
| Sales Status | Capped |
| Currency | CAD |
| Distribution Frequency | Monthly |
| Assets ($mil) | - |
Fund Codes
| FundServ Code | Load Code | Sales Status |
|---|---|---|
| PGF1200 |
Investment Objectives
The objective of the Fund is to preserve capital and to generate returns through current income and capital appreciation, while being sufficiently diversified to mitigate volatility. The Fund will invest primarily in North American securities and may also invest in foreign securities.
Investment Strategy
The investment strategies of the Fund are as described below. 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 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.
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 | No |
| SWP Min Balance | - |
| SWP Min Withdrawal | - |
Fees
| MER | 2.52% |
|---|---|
| Management Fee | 1.95% |
| Load | Back Fee Only |
| FE Max | 5.00% |
| DSC Max | - |
| Trailer Fee Max (FE) | 1.00% |
| Trailer Fee Max (DSC) | - |
| Trailer Fee Max (NL) | - |
| Trailer Fee Max (LL) | - |
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