Fees & Fund Codes

Pender Canadian Opportunities Fund

Class	Code	MER	Trailer
Class A	PGF 700	2.35	1.00
Class F	PGF 710	1.35	–
Class H	PGF 740	2.05	0.85
Class I	PGF 750	1.20	–
Class D	PGF 760	1.60	0.25

Pender Corporate Bond Fund

Class	Code	MER	Trailer
Class A	PGF 500	1.95	0.80
Class F	PGF 510	1.15	–
Class H	PGF 540	1.65	0.65
Class I	PGF 550	1.00	–
Class D	PGF 560	1.40	0.25
Class A – US	PGF 501	1.95	0.8
Class F – US	PGF 511	1.15	–

Pender Small Cap Opportunities Fund

Class	Code	MER	Trailer
Class A	PGF 315	2.50	1.00
Class F	PGF 320	1.50	–

Pender Strategic Growth & Income Fund

Class	Code	MER	Trailer
Class A	PGF 600	2.25	1.00
Class F	PGF 610	1.25	–
Class H	PGF 640	1.95	0.85
Class I	PGF 650	1.10	–
Class D	PGF 660	1.50	0.25

Pender US All Cap Equity Fund

Class	Code	MER	Trailer
Class A	PGF 800	2.35	1.00
Class F	PGF 810	1.35	–
Class H	PGF 840	2.05	0.85
Class I	PGF 850	1.20	–
Class D	PGF 860	1.60	0.25
Class A – US	PGF 801	2.35	1.00
Class F – US	PGF 811	1.35	–

Pender Value Fund

Class	Code	MER	Trailer
Class A	PGF 200	2.40	1.00
Class F	PGF 210	1.40	–
Class H	PGF 240	2.10	0.85
Class I	PGF 250	1.25	–
Class D	PGF 260	1.65	0.25