Vertex Enhanced Income Fund
- Your source for a fixed 5% yield -
The fund will invest largely in high yield and convertible bonds, preferred shares, high-yielding equities (up to a 25% weight) and government debt including federal, provincial, state and municipal issues. Covered call writing will be used to enhance yield derived from the equity component of the fund.
The fundamental investment objective of the Vertex Enhanced Income Fund is to provide preservation of capital while providing high income by investing primarily in Canadian and United States bonds, debentures, and equities. The secondary objective is to provide capital growth.
GEOFF CASTLE, MBA - Mr. Castle is a Portfolio Manager at PenderFund Capital Management Ltd and began his investing career in 2000. He has experience in both public mutual funds and proprietary investment fund management for ultra-high net worth individuals. His background also 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.
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.
DAVID BARR, CFA - Mr. Barr is the President and CEO of PenderFund Capital Management Ltd. (“Pender”). He is also the Portfolio Manager of several of Pender’s funds and has been investing since 2000. Mr. Barr is an advocate of value investing and aims to determine the intrinsic value of a company and to buy shares in that company at a significant discount to that value (margin-of-safety). He looks for value in unloved and unfollowed parts of the market where he can find quality at a discount. Capital preservation and downside protection are a primary concern.
Mr. Barr holds a Bachelor of Science degree from the University of British Columbia and an MBA (Finance and Strategic Management) from the Schulich School of Business at York University. He earned his Chartered Financial Analyst (CFA) designation in 2003 and is a past President and an active member of the Vancouver chapter.
- Class B : VRT 700
- Class F : VRT 701
- Low Load : VRT 702
- Minimum Investment :
- $500 (initial)
- $50 (subsequent)
Second Quarter Report 2019: Effective July 1st, 2019, Pender became the portfolio advisor for the Vertex Enhanced Income Fund, with Geoff Castle, CFA and David Barr, CFA serving as the primary portfolio managers for the fund.For the past few years, we have been impressed by Pender’s steadfast approach to income investing, as well as their impressive history. Their experienced investment team brings an established, dynamic approach to active management, along...
All Vertex Funds
- aVertex Fund
- aVertex Managed Value Portfolio
- aVertex Arbitrage Fund
- aVertex Arbitrage Fund Plus
- aVertex Enhanced Income Fund
- aVertex Growth Fund
- aVertex Value Fund
- aVertex Liquid Alternative Fund
- aVertex Liquid Alternative Fund Plus
- aVertex Canadian Equity Alpha Fund
- aVertex U.S. Equity Alpha Fund
- aVertex Bond Alpha Fund