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.
Visit the Pender Small Cap Hub for all of our latest news, information and articles.
Register Now: Upcoming Webinar
Register Now: Upcoming Webinar
Small Cap Opportunities with David Barr
Join David Barr, Pender CEO and Portfolio Manager of the Pender Small cap Opportunities Fund for a portfolio update.
For financial professionals only
Date: Tuesday April 30, 2024
Time: 9am PST / 10am MST / 11am CST/ 12pm EST
Venue: Virtual event
Class Fund Codes Description MER* before performance fee MER* Min. Investment: Initial/[Subsequent] Performance Fee A PGF 315 Front End 2.64% 2.64% Closed to new purchases – F PGF 320 Fee Based 1.59% 1.59% Closed to new purchases – B PGF 380 Front End 2.64% 2.64% $5,000 / [$100] 20% of excess of total return over benchmark
return, subject to a high water markG PGF 390 Fee Based 1.59% 1.59% $5,000 / [$100] 20% of excess of total return over benchmark
return, subject to a high water mark*As at 2023-12-31. The management expense ratio (“MER”) is calculated based on expenses charged to the fund inclusive of applicable taxes including GST and HST (excluding commissions and other portfolio transaction costs) and is expressed as an annualized percentage of average net assets for the period/year. The applicable taxes are calculated using the attribution percentage for each province based on unitholder residency.
Asset 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. Know Your Product
Monthly
- Pender Small Cap Opportunities Fund – Profile Sheet – CAD – Class F
- Pender Small Cap Opportunities Fund – Profile Sheet – CAD – Class A
- Pender Small Cap Opportunities Fund – Profile Sheet – CAD – Class B
- Pender Small Cap Opportunities Fund – Profile Sheet – CAD – Class G
Annual (POS)
- Pender Small Cap Opportunities Fund – Fund Facts – CAD – Class A
- Pender Small Cap Opportunities Fund – Fund Facts – CAD – Class F
- Pender Small Cap Opportunities Fund – Fund Facts – CAD – Class I
- Pender Small Cap Opportunities Fund – Fund Facts – CAD – Class B
- Pender Small Cap Opportunities Fund – Fund Facts – CAD – Class G
For More Visit: Legal & Financial
The Latest
Small Cap Equity – Q4 2023
Highlights The strong performance into year-end is indicative of a strengthening small cap market. A more stable interest rate environment and improved business strategies among small caps, we believe, will lead to increased M&A by both private equity firms and strategic buyers. We have streamlined the number of positions in the portfolio from 61 to 48 companies. Fund Performance Our Fund went up 6.5% in the quarter[1], beating the Canadian small cap index that was up 6.1% in the quarter. This is in line with our annual results with the Fund up 6.2%, while the Canadian small cap index was…
Standard Performance Data is subject to important disclosures set out in our Disclaimer
David Barr
CEO & Portfolio Manager
Mr. Barr is the CEO of Pender. He is also the Portfolio Manager of several of Pender’s funds.
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