Pender Strategic Growth and Income Fund
The Pender Strategic Growth and Income Fund (formerly the Pender Balanced Fund) is a conservatively managed balanced fund. Our investment team believes that at any point in time, individual securities, sectors or asset classes can become mispriced so the Fund is also designed to be opportunistic. The Pender Strategic Growth and Income Fund has a flexible mandate that can move from 80/20 to 20/80 fixed income/equity. It looks for securities with the best risk/return balance, regardless of whether that is through capital appreciation or income.
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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 1.50% $5,000 / [$100] Asset Class: Global Balanced Inception Date: November 24, 2010 Valuation Frequency: Daily Eligibility: Canada-wide, Registered Plans & TFSA's 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. Chief Investment Officer and Portfolio Manager, PenderFund Capital Management.
Co- Manager: Geoff Castle, Portfolio Manager, PenderFund Capital Management.
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- 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)
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The Latest
Pender Corporate Bond Fund – Manager’s Commentary – June 2019
The Pender Corporate Bond Fund returned 0.9% in June, a result which reflected the broadly benign market conditions. For the half year ending June 30, the Fund returned 4.0% Strength in June came from our holdings in the convertible notes of Avadel Pharmaceuticals that rallied on an FDA drug approval, and our position in bonds of Coeur Mining that gained on higher precious metals prices. SunPower convertible bonds also rallied on favourable developments in California that will require solar power installations on new homes in that state. Offsetting the strength above, continuing volatility in recently defaulted PHI subtracted value in June. We consider the bankruptcy of PHI to be a key catalyst in consolidating the Gulf coast helicopter industry and that, despite recent weakness, a recovery close to par remains a possibility. Dean Foods bonds were also weaker in June. Download the PDF High Yield vs. Treasuries … the Theory…
Recent Commentaries
- Pender Corporate Bond Fund – Manager’s Commentary – May 2019
- CIO’s Quarterly Commentary – Felix Narhi – Q1 2019
- Pender Corporate Bond Fund – Manager’s Monthly Commentary – April 2019
- Pender Corporate Bond Fund – Manager’s Monthly Commentary – March 2019
- CIO’s Quarterly Commentary – Felix Narhi – Q4 2018
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.
