Fees & Fund Codes

Pender Alternative Absolute Return Fund[2]

Class	Code	Description	Management Fee	Admin Fee	Trailer
Class A	PGF 2000	Front End	1.80	0.50	1.00
Class F	PGF 2010	Fee Based	0.80	0.50	–
Class H	PGF 2040	Front End – HNW	1.50	0.50	0.85
Class I	PGF 2050	Fee Based – HNW	0.65	0.50	–

Pender Alternative Arbitrage Fund[2]

Class	Code	Description	Management Fee	Admin Fee	Trailer
Class A	PGF 2100	Front End	1.80	0.50	1.00
Class F	PGF 2110	Fee Based	0.80	0.50	–
Class H	PGF 2140	Front End – HNW	1.50	0.50	0.85
Class I	PGF 2150	Fee Based – HNW	0.65	0.50	–

Pender Bond Universe Fund

Class	Code	Description	MER[1]	Trailer
Class A	PGF 1400	Front End	1.16	0.35
Class F	PGF 1410	Fee Based	0.64	–
Class D	PGF 1460	Discount Brokerage	0.82	–

Pender Corporate Bond Fund

Class	Code	Description	MER[1]	Trailer
Class A	PGF 500	Front End	2.01	0.80
Class F	PGF 510	Fee Based	1.17	–
Class H	PGF 540	Front End-HNW	1.69	0.65
Class I	PGF 550	Fee Based-HNW	1.02	–
Class D	PGF 560	Discount Brokerage	1.17	–
Class A – US	PGF 501	Front End	1.98	0.80
Class F – US	PGF 511	Fee Based	1.14	–
Class H – US	PGF 541	Front End-HNW	1.68	0.65
Class I – US	PGF 551	Fee Based-HNW	1.00	–

Pender Enhanced Income Fund

Class	Code	Description	MER[1]	Trailer
Class A	PGF 1000	Front End	2.30	1.00
Class F	PGF 1010	Fee Based	1.25	–
Class I	PGF 1050	Fee Based-HNW	1.10	–
Class A1	PGF 1002	Front End	2.28	1.00
Class F1	PGF 1012	Fee Based	1.26	–

Pender Partners Fund

Class	Code	Description	MER[1]	Trailer
Class A	PGF 1100	Front End	2.49	1.00
Class F	PGF 1110	Fee Based	1.43	–
Class I	PGF 1150	Fee Based-HNW	1.26	–
Class A1	PGF 1102	Front End	2.47	1.00
Class F1	PGF 1112	Fee Based	1.42	–
Class F2	PGF 1113	Fee Based	1.42	–

Pender Small Cap Opportunities Fund

Class	Code	Description	MER[1]	Trailer
Class A	PGF 315	Front End	2.56	1.00
Class F	PGF 320	Fee Based	1.54	–
Class B	PGF 380	Front End	2.73	1.00
Class G	PGF 390	Fee Based	1.65	–

Pender Small/Mid Cap Dividend Fund

Class	Code	Description	MER[1]	Trailer
Class A	PGF 1300	Front End	2.54	1.00
Class F	PGF 1310	Fee Based	1.51	–
Class H	PGF 1340	Front End-HNW	2.24	0.85
Class I	PGF 1350	Fee Based-HNW	1.36	–
Class D	PGF 1360	Discount Brokerage	1.52	–

Pender Strategic Growth & Income Fund

Class	Code	Description	MER[1]	Trailer
Class A	PGF 600	Front End	2.28	1.00
Class F	PGF 610	Fee Based	1.26	–
Class H	PGF 640	Front End-HNW	1.97	0.85
Class I	PGF 650	Fee Based-HNW	1.10	–
Class D	PGF 660	Discount Brokerage	1.31	–

Pender Global Focused Fund (formerly Pender US All Cap Equity Fund)

Class	Code	Description	MER[1]	Trailer
Class A	PGF 800	Front End	2.38	1.00
Class F	PGF 810	Fee Based	1.36	–
Class H	PGF 840	Front End-HNW	2.12	0.85
Class I	PGF 850	Fee Based -HNW	1.21	–
Class D	PGF 860	Discount Brokerage	1.37	–
Class A – US	PGF 801	Front End	2.41	1.00
Class F – US	PGF 811	Fee Based	1.36	–

Pender Value Fund

Class	Code	Description	MER[1]	Trailer
Class A	PGF 200	Front End	2.46	1.00
Class F	PGF 210	Fee Based	1.43	–
Class H	PGF 240	Front End-HNW	2.16	0.85
Class I	PGF 250	Fee Based-HNW	1.27	–
Class D	PGF 260	Discount Brokerage	1.43	–

Pender Value Fund II

Class	Code	Description	MER[1]	Trailer
Class A	PGF 1200	Front End	2.47	1.00
Class F	PGF 1210	Fee Based	1.43	–
Class I	PGF 1250	Fee Based-HNW	1.26	–
Class A1	PGF 1202	Front End	2.49	1.00
Class F1	PGF 1212	Fee Based	1.41	–

Pender Special Situations Fund (formerly Pender Strategic Investment Fund)

Class	Code	Description	Mgt + Admin Fee[2]	Trailer
Class A	PGF 1500	Front End	2.45	1.00
Class F	PGF 1510	Fee Based	1.45	–
Class H	PGF 1540	Front End – HNW	2.15	0.85
Class I	PGF 1550	Fee Based – HNW	1.30	–
Class D	PGF 1560	Discount Brokerage	1.45	–

[1] As at 2021-12-31

[2] MER was NIL at 2021-12-31 due to waiver of fees

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