Fees & Fund Codes

Pender Bond Universe Fund

Class	Code	Description	MER	Trailer
Class A	PGF 1400	Front End	1.45	0.50
Class F	PGF 1410	Fee Based	0.95	–
Class H	PGF 1440	Front End-HNW	1.15	0.35
Class I	PGF 1450	Fee Based-HNW	0.90	–
Class D	PGF 1460	Discount Brokerage	1.00	–

Pender Corporate Bond Fund

Class	Code	Description	MER	Trailer
Class A	PGF 500	Front End	1.95	0.80
Class F	PGF 510	Fee Based	1.15	–
Class H	PGF 540	Front End-HNW	1.65	0.65
Class I	PGF 550	Fee Based-HNW	1.00	–
Class D	PGF 560	Discount Brokerage	1.40	0.25
Class A – US	PGF 501	Front End	1.95	0.80
Class F – US	PGF 511	Fee Based	1.15	–
Class H – US	PGF 541	Front End-HNW	1.65	0.65
Class I – US	PGF 551	Fee Based-HNW	1.00	–

Pender Enhanced Income Fund

Class	Code	Description	MER	Trailer
Class A	VRT 700	Front End	2.25	1.00
Class F	VRT 701	Fee Based	1.25	–
Class I	VRT 1050	Fee Based-HNW	1.10	–
Class A1	VRT 1002	Front End	2.25	1.00
Class F1	VRT 1012	Fee Based	1.25	–

Pender Partners Fund

Class	Code	Description	MER	Trailer
Class A	VRT 102	Front End	2.40	1.00
Class F	VRT 101	Fee Based	1.40	–
Class I	VRT 1150	Fee Based-HNW	1.25	–
Class A1	VRT 1102	Front End	2.40	1.00
Class F1	VRT 1112	Fee Based	1.40	–
Class F2	VRT 100	Fee Based	1.40	–

Pender Small Cap Opportunities Fund

Class	Code	Description	MER	Trailer
Class A	PGF 315	Front End	2.50	1.00
Class F	PGF 320	Fee Based	1.50	–
Class B	PGF 380	Front End	2.50	1.00
Class G	PGF 390	Fee Based	1.50	–

Pender Small/Mid Cap Dividend Fund

Class	Code	Description	MER	Trailer
Class A	PGF 1300	Front End	2.50	1.00
Class F	PGF 1310	Fee Based	1.50	–
Class H	PGF 1340	Front End-HNW	2.20	0.85
Class I	PGF 1350	Fee Based-HNW	1.35	–
Class D	PGF 1360	Discount Brokerage	1.75	–

Pender Strategic Growth & Income Fund

Class	Code	Description	MER	Trailer
Class A	PGF 600	Front End	2.25	1.00
Class F	PGF 610	Fee Based	1.25	–
Class H	PGF 640	Front End-HNW	1.95	0.85
Class I	PGF 650	Fee Based-HNW	1.10	–
Class D	PGF 660	Discount Brokerage	1.50	0.25

Pender US All Cap Equity Fund

Class	Code	Description	MER	Trailer
Class A	PGF 800	Front End	2.35	1.00
Class F	PGF 810	Fee Based	1.35	–
Class H	PGF 840	Front End-HNW	2.05	0.85
Class I	PGF 850	Fee Based -HNW	1.20	–
Class D	PGF 860	Discount Brokerage	1.60	0.25
Class A – US	PGF 801	Front End	2.35	1.00
Class F – US	PGF 811	Fee Based	1.35	–

Pender Value Fund

Class	Code	Description	MER	Trailer
Class A	PGF 200	Front End	2.40	1.00
Class F	PGF 210	Fee Based	1.40	–
Class H	PGF 240	Front End-HNW	2.10	0.85
Class I	PGF 250	Fee Based-HNW	1.25	–
Class D	PGF 260	Discount Brokerage	1.65	0.25

Pender Value Fund II

Class	Code	Description	MER	Trailer
Class A	VRT 600	Front End	2.40	1.00
Class F	VRT 601	Fee Based	1.40	–
Class I	VRT 1250	Fee Based-HNW	1.25	–
Class A1	VRT 1202	Front End	–	1.00
Class F1	VRT 1212	Fee Based	–	–