Pender Strategic Growth & Income Fund

The Pender Strategic Growth and Income Fund (formerly the Pender Balanced Fund) is a conservatively managed balanced fund. Our investment team believes that at any point in time, certain sectors or asset classes become mispriced so the Fund is also designed to be opportunistic. The Pender Strategic Growth and Income Fund has a flexible mandate that can move from 80/20 to 20/80 fixed income/equity. It looks for securities with the best risk/return balance, regardless of whether that is through capital appreciation or income.

  • Felix NarhiPortfolio Manager

    • Felix Narhi Felix Narhi

      Mr. Narhi is the Chief Investment Officer of Pender, responsible for setting Pender’s investment direction. He is the Portfolio Manager of the Pender US All Cap Equity Fund and the Pender Strategic Growth and Income Fund, and Co-Manager of the Pender Value Fund.

      Prior to joining Pender in July 2013, Mr. Narhi spent over nine years at an independent and value-oriented investment firm in Vancouver. As a Director and Senior Equity Analyst, Mr. Narhi contributed thought leadership and primarily US equity ideas to the company’s Model Portfolio, a concentrated equity portfolio that has outpaced North American benchmarks since its inception in 1994.

      Mr. Narhi holds a Bachelor of Commerce degree from the University of British Columbia. He earned his Chartered Financial Analyst (CFA) designation in 2003 and is a member of CFA Vancouver.

      Mr. Narhi advocates a business-like approach to investing. Sound investing is the process of determining the value underlying a security and then buying it at a considerable discount to that value. The greatest challenge is to maintain the necessary balance between patience, emotional fortitude and discipline to only buy when prices are attractive and to sell when they are dear, while avoiding the short-term “noise” that consumes most market participants.

    • Manager’s Quarterly Commentary – Felix Narhi – Q4 2016

      “Headlines, in a way, are what mislead you, because bad news is a headline, and gradual improvement is not.”  – Bill Gates, Microsoft Co-Founder Last year served as another vivid reminder that the future is always uncertain. Undoubtedly, 2016 will be remembered by many investors for the surprising victory of the Brexit camp in the UK and Donald Trump’s unlikely march to the White House. These were widely heralded as the first markers of the “Age of Populism”. It seems everyone has an opinion, particularly about Trump, where punditry has become a new national pastime. While important, given how much has been said and written about these subjects, we don’t think we can add much more value to this echo chamber. One thing is certain: It’s not business as usual. It’s not surprising these highly visible events have dominated the headlines, but in this commentary we will focus on other developments which may be under appreciated by many investors, but which could have equally significant, if not greater ramifications than recent political events. These developments include the implications of a potential new secular interest rate cycle and the impact of fast-developing artificial intelligence technologies. Both of these forces will continue to shape ... Continue Reading

Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the simplified prospectus before investing. The indicated rates of return are the historical annual compounded total returns including changes in net asset value and assumes reinvestment of all distributions and are net of all management and administrative fees, but do not take into account sales, redemption or optional charges or income taxes payable by any security holder that would have reduced returns. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated.