Pender Strategic Growth and Income Fund

The Pender Strategic Growth and Income Fund is a conservatively managed balanced fund. The fixed income strategy of the Fund will be primarily effected through the Pender Corporate Bond Fund, with weightings generally ranging from 30-60%, and may vary depending on market conditions. The remaining assets will be mainly in equities. Direct equity strategy will be primarily effected through small to mid-sized Canadian and US companies, with an emphasis on businesses that generate stable or growing cash distributions to shareholders. The Fund provides uncapped access to the Pender Small Cap Opportunities Fund, with weightings ranging from 5-10%.

Class	Fund Codes	Description	MER (Capped)	Minimum Investment: Initial/[Subsequent]
A	PGF 600	Front End	2.25%	$5,000 / [$100]
F	PGF 610	Fee Based	1.25%	$5,000 / [$100]
H	PGF 640	Front End – HNW	1.95%	$100,000 / [$100]
I	PGF 650	Fee Based – HNW	1.10%	$100,000 / [$100]
D	PGF 660	Discount Brokerage	1.25%	$5,000 / [$100]

Asset Class: Growth and Income Fund
Inception Date: November 24, 2010
Valuation Frequency: Daily
Eligibility: Canada-wide, Registered Plans
Distributions: DRIP quarterly, cash optional
Benchmark: Blended Benchmark (50% FTSE/TMX Canada Universe Bond Index, 35% S&P/TSX Composite Index, 15% S&P 500 Index)
Portfolio Manager: Felix Narhi, CFA Co- Manager: Geoff Castle

Monthly
- Pender Strategic Growth & Income Fund – Profile Sheet – Class F
- Pender Strategic Growth & Income Fund – Profile Sheet – Class A
Annual (POS)
For More Visit: Legal & Financial
The Latest

Pender Fixed Income – Manager’s Commentary – April 2021

The Pender Corporate Bond Fund gained 0.5%[1] in April, a modest advance within the context of a positive high yield credit market and a neutral period for investment grade issues. Leading the way for the Fund were positions in the commodity and transportation areas. This group includes the 5% convertible notes of Eagle Bulk Shipping which have rallied over 20% since their addition in February. While we believe the ultimate outcome in our shipping convertible bonds may be much higher, we did sell a portion of this issue in April. Other notable strength in the month included positions in Chemtrade convertible debentures, our stake in Fannie Mae preferred shares, and the rate reset preferred shares issued by Cenovus and Bell Canada. Download pdf Offsetting the gains, to an extent, were a few decliners, most notably our position in the reorganized capital structure of McDermott International. While this engineering and construction…

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Recent Commentaries

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.

Geoff Castle

Portfolio Manager

Mr. Castle is the Portfolio Manager of the Pender Corporate Bond Fund and the Pender Bond Universe Fund. He began his investing career in 2000 and has experience in both public mutual funds and proprietary investment fund management for ultra-high net worth individuals.

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Pender Strategic Growth and Income Fund

Monthly

Annual (POS)

The Latest

Pender Fixed Income – Manager’s Commentary – April 2021

Recent Commentaries

Felix Narhi

Chief Investment Officer and Portfolio Manager

Geoff Castle

Portfolio Manager

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