Pender Value Fund
The Pender Value Fund is a go-anywhere, concentrated portfolio consisting of the top “Best Ideas” from the Pender investment team, including special situations. Bottom up fundamental analysis of each investment results in a portfolio of securities which we believe have the potential for long term capital appreciation, regardless of market cap or geographical constraints.
Class Fund Codes Description MER (Capped) Minimum Investment: Initial/[Subsequent] A PGF 200 Front End 2.40% $5,000 / [$100] F PGF 210 Fee Based 1.40% $5,000 / [$100] H PGF 240 Front End – HNW 2.10% $100,000 / [$100] I PGF 250 Fee Based – HNW 1.25% $100,000 / [$100] D PGF 260 Discount Brokerage 0.90% $5,000 / [$100] Asset Class: Canadian and US Equity Fund Inception Date: June 28, 2013 Valuation Frequency: Daily Eligibility: Canada-wide, Registered Plans Distributions: DRIP annually, cash optional Benchmark: S&P/TSX Composite Index Portfolio Manager: David Barr, CFA.
Co- Manager: Felix Narhi, CFA.
The Latest
CIO’s Commentary
“A change in perspective is worth 80 IQ points.”- Alan Kay In this commentary we cover: Protecting the gains when markets hits new highs Inevitable trade-offs - Lower volatility vs potential higher returns How fast should you pull the trigger to sell - Close-the-Discount vs. Compounder What might come next - Frontier investing and thoughts on Bitcoin Protecting the gains when markets hit new highs Markets are near or at record levels again. Some investors are getting nervous about another possible downturn. After periods of strong performance recently, and with fresh memories of the crash last spring, we are increasingly asked what we are doing to protect our gains. No one wants to go backwards. And we know another pullback is inevitable. It’s what markets do. Taking some money off the table after a big run up seems like a sensible thing to do. But in our view, what you…
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.
Felix Narhi
Chief Investment Officer and Portfolio Manager
Mr. Narhi is the Chief Investment Officer of Pender and 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.
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