Pender Small Cap Opportunities Fund
Classes B and G of the Pender Small Cap Opportunities Fund are currently open to retail investors.
The Pender Small Cap Opportunities Fund is an opportunistic, concentrated portfolio. The Fund is focused on undervalued small and microcap companies with strong underlying economics, predominantly in Canada. The manager often seeks out special situations, and has a track record of identifying catalysts, where market-leading companies have been acquired. After deep fundamental analysis these businesses are purchased at a discount to our estimate of intrinsic value.
Class Fund Codes Description MER (Capped) Min. Investment: Initial/[Subsequent] Performance Fee A PGF 315 Front End 2.50% F PGF 320 Front End 1.50% I PGF 350 Fee Based – HMW 1.35% N PGF 370 1.00% B PGF 380 Front End 2.50% $5,000 / [$100] 20% of excess of total return over benchmark
return, subject to a high water markG PGF 390 Fee Based 1.50% $5,000 / [$100] 20% of excess of total return over benchmark
return, subject to a high water markAsset Class: Small Cap Equity Inception Date: June 1, 2009 Valuation Frequency: Weekly Eligibility: Canada-wide, Registered Plans Distributions: DRIP annually, cash optional Benchmark: S&P/TSX Composite Index Portfolio Manager: David Barr, CFA. Monthly
- Pender Small Cap Opportunities Fund – Profile Sheet – Class F
- Pender Small Cap Opportunities Fund – Profile Sheet – Class A
- Pender Small Cap Opportunities Fund – Profile Sheet – Class B
- Pender Small Cap Opportunities Fund – Profile Sheet – Class G
Annual (POS)
- Pender Small Cap Opportunities Fund – Fund Facts (A Class)
- Pender Small Cap Opportunities Fund – Fund Facts (F Class)
- Pender Small Cap Opportunities Fund – Fund Facts (B Class)
- Pender Small Cap Opportunities Fund – Fund Facts (G Class)
For More Visit: Legal & Financial
The Latest
The Managers Commentary – November 2020
Fellow Unitholders, Our holiday wishes came true early this year, in November. The Pender Value Fund had its highest monthly return in its history[1] – an amazing 14.3%[2] for the month, ahead of the S&P 500 Index (CAD) with 8.1% and the S&P/TSX Composite Index with a 10.6% return. On a YTD basis (as of November 30, 2020), Pender Value Fund gained 8.3% compared to the S&P 500 Index (CAD) with a gain of 14.0% and the S&P/TSX Composite Index’s 3.8%. Portfolio Update Having been unusually active repositioning the portfolio during October, we did not make any major changes in the Fund in November. In November, EBIX Inc. (EBIX), MAV Beauty Brands Inc. (MAV), and Dye & Durham Ltd. (DND) were among the top contributors. EBIX has demonstrated remarkable resilience in its business model, generating strong cash flows in the midst of COVID when its travel, foreign exchange and remittance…
David Barr
President, CEO & Portfolio Manager
Mr. Barr is the President and CEO of Pender. He is also the Portfolio Manager of several of Pender’s funds.
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