globeandmail.com
    globeandmail.com/globe-investor/portfolio-and-tools

Pender Corporate Bond Class D
  Profiles Help     Click here to print this page

Fund Sponsor: PenderFund Capital Management
Portfolio Manager: PenderFund Capital Management
Fund Type: Open-Ended

Asset Class: High Yield Fixed Income
5-Star Rating:
RRSP Eligible: Yes

Inception Date: June, 2015
Total Assets: $182.00Thousand  
Sales Fee Type: No Load
Mgmt Expense Ratio (MER): 1.40%
Closed: No

Min. Invest (initial): $5,000.00
Subsequent: $500.00
Min. Invest (initial RRSP): $5,000.00
Subsequent RRSP: $100.00
Restricted: No


Statistics


As of January 22, 2018

Current Price: $11.10
Daily Change $: $0.02
1 day: 0.14%
7 day: 0.04%
Month-to-Date: 1.67%
30 day: 1.77%
Year-to-Date: 1.67%

Returns as of December 31, 2017
Fund Group Avg Index*
1 month 0.46% 0.10% 0.10%
3 month 1.16% 0.59% 0.58%
6 month 2.47% 1.64% 1.64%
1 year 7.44% 5.30% 5.07%
3 year n/a 4.12% 3.86%
5 year n/a 3.81% 3.52%
10 year n/a 5.12% 4.73%
15 year n/a 5.29% 4.97%
20 year n/a 4.07% 4.18%
Since Inception 7.62% n/a n/a
3 year risk n/a 5.89 4.05
3 year beta n/a 1.04 1.00
* Index refers to Globe High Yield Fixed Income Peer Index

Top Holdings as of Dec 29, 2017
Just Energy Group Inc 6.500% 29-Jul-2019       4.08%
Verisign Inc 4.625% 01-May-2023       4.03%
W&T Offshore Inc 9.000% 15-May-2020       3.32%
Moduslink Global Solutions Inc 5.250% 01       3.31%
Halyard Health Inc 6.250% 15-Oct-2022       3.01%
Aimia Inc       2.89%
Keyw Holding Corp 2.500% 15-Jul-2019       2.75%
Nav Canada       2.73%
Inotek Pharmaceuticals Corp 5.750% 01-Au       2.59%
Twitter Inc 1.000% 15-Sep-2021       2.44%
Extras

Fund Report
Review and compare the current price and performance of all PenderFund Capital Management

Charting
Generate different performance charts for this Mutual Fund

PDF Fund Profile
Generate a full-color, print-ready profile in PDF format for this Mutual Fund

Fund Codes & Fees
View fund code, load type, trailer fee and fee schedule data for this Mutual Fund.

Fund Price History
View a 30-day price history for this fund


Distribution Report (18 Months Up To January 22, 2018)

Frequency of Income Distributions:  None
Frequency of Capital Gain Distributions:  None

Date Income
Dividend
Capital
Gain
Total 
(Current Period)
Trailing 12-
Months Total
Reinvestment
Price
Jul 29, 2016 0.0358   0.0358 0.4096 9.797
Aug 31, 2016 0.0473   0.0473 0.4569 10.023
Sep 30, 2016 0.0327   0.0327 0.4303 10.041
Oct 31, 2016 0.0499   0.0499 0.4192 10.276
Nov 30, 2016 0.0336   0.0336 0.4235 10.313
Dec 23, 2016 0.0193   0.0193 0.4214 10.487
Jan 31, 2017 0.0448   0.0448 0.4176 10.594
Feb 28, 2017 0.0238   0.0238 0.4141 10.650
Mar 31, 2017 0.0325   0.0325 0.4101 10.806
Apr 28, 2017 0.0341   0.0341 0.4138 10.801
May 31, 2017 0.0310   0.0310 0.4147 10.825
Jun 30, 2017 0.0212   0.0212 0.4059 10.828
Jul 31, 2017 0.0221   0.0221 0.3922 10.863
Aug 31, 2017 0.0324   0.0324 0.3773 10.830
Sep 29, 2017 0.0239   0.0239 0.3685 10.890
Oct 31, 2017 0.0426   0.0426 0.3613 10.911
Nov 30, 2017 0.0341   0.0341 0.3618 10.889
Dec 22, 2017 0.0172   0.0172 0.3597 10.911

Investment Objectives
The Fund invests 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 Portfolio Advisor deems the risk/reward trade off to be in the investors favour. The Funds objective is to preserve capital and generate returns through current income and capital appreciation.

Portfolio Composition
as of Dec 29, 2017

Sector Weightings
as of Dec 29, 2017

Bond 90.01% 1-5 years maturity 33.22%
Stock 7.95% 5-10 years maturity 19.51%
Cash and Short Term Securities 3.16% 10-20 years maturity 3.95%
Other -1.12% Less than 1 year maturity 2.16%
More than 20 years maturity 2.03%
Unknown 0.02%

Portfolio Manager(s)

Geoff Castle Manager
PenderFund Capital Management
Start Date: September, 2015
Fund Return: 10.99%
Geoff Castle is the Portfolio Manager of the Pender Corporate Bond Fund. He is an experienced investor with over 15 years of fund management experience in both public mutual funds and proprietary investment fund management for ultra-high net worth individuals. Mr. Castle's background includes more than five years of industry experience in trade credit and general corporate management. As a fixed income manager, his focus has been on seeking enhanced yield opportunities in situations where substantial margins of safety exist. In particular he has earned strong fixed income returns for clients in the recent low interest rate environment by focussing on "non-conforming" situations where yield opportunities existed despite otherwise attractive credit fundamentals. Mr. Castle holds a Bachelor of Arts degree from UBC and an MBA from the Richard Ivey School of Business at the University of Western Ontario. He is a member of the CFA Institute.
Also manages: Pender Corporate Bond, Pender Corporate Bond Class I, Pender Corporate Bond F, Pender Strategic Gro and Inc Fd A, Pender Strategic Gro and Inc Fd D