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
The Manager’s Commentary – Q2 2021
Dear unitholders, The Pender Strategic Growth & Income Fund (PSGIF) was up 6.2%[1] for the quarter, and the Pender Enhanced Income Fund (PEIF) was up 5.9%1. On a year-to-date (YTD) basis, PSGIF was up 18.4%1, while PEIF was up 22.9%1. The PEIF edged out PSGIF YTD performance primarily due to the sale of a private investment holding in the first quarter (Agawa Canyon Inc for a return of 3.3%). Remaining legacy private holdings account for 0.6% of PEIF. The long-term performance of PSGIF remains solid, with 5-year annualized returns of 10.8%1[2]. PSGIF and PEIF are largely mirrored portfolios, but the PEIF has a significant amount of tax losses available to shelter income. This commentary refers to PSGIF unless otherwise noted. In today’s zero-coupon world, we believe PSGIF is well-positioned as a “modern makeover” of the traditional 60/40 balanced portfolio. Rather than owning government bonds with ultra-low or negative yields 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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