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 Minimum Investment: Initial/[Subsequent] A PGF 600 Front End 2.20% $5,000 / [$100] F PGF 610 Fee Based 1.20% $5,000 / [$100] H PGF 640 Front End – HNW 1.90% $100,000 / [$100] I PGF 650 Fee Based – HNW 1.05% $100,000 / [$100] D PGF 660 Discount Brokerage 1.20% $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)
- Pender Strategic Growth & Income Fund – Fund Facts (A Class)
- Pender Strategic Growth & Income Fund – Fund Facts (D Class)
- Pender Strategic Growth & Income Fund – Fund Facts (F Class)
- Pender Strategic Growth & Income Fund – Fund Facts (H Class)
- Pender Strategic Growth & Income Fund – Fund Facts (I Class)
For More Visit: Legal & Financial
The Latest
Fixed Income – Manager’s Commentary – September 2021
The Pender Corporate Bond Fund returned 0.9%[1] in September. The gain came amidst somewhat turbulent markets that saw sovereign rates rise amidst fears of inflation and Fed tapering. Download PDF The Fund’s September return was bolstered by a variety of special situations where investors refocused on value that had been obscured by the fog of restructuring. Chief amongst these was our position in American Tire Distributors, Inc., where the capital structure gained on strong operating results and a debt refinancing transaction. We were also part of a creditor group that successfully negotiated a pre-packaged bankruptcy and plan of arrangement for GTT Communications, Inc., leading to a double-digit rise in the value of this term loan position. Other notable gains for the Fund came from our position in Accelerate Diagnostics, Inc., where we participated in a debt-for-equity swap that grew our value by more than 10%, and from our position in…
Felix Narhi
Chief Investment Officer and Portfolio Manager
Mr. Narhi is the Chief Investment Officer of Pender and the Portfolio Manager of the Pender Global Focused Fund (formerly 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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