Pender Partners Fund

The Pender Partners Fund is offered privately under an Offering Memorandum, pursuant to prospectus exemptions. It is an equity fund comprising a portfolio of securities which we believe have the potential for long term capital appreciation, regardless of market cap or geographical constraints. The objective of the Fund is to achieve capital growth over the long-term for unitholders, while being sufficiently diversified to mitigate volatility.

The Fund was formerly the Vertex Managed Value Portfolio.

  • Class Fund Codes Description MER (Capped) Minimum Investment: Initial/[Subsequent]
    A VRT 102 Front End 2.40% Closed for purchase
    F VRT 101 Fee Based 1.40% Closed for purchase
    A1 VRT 1102 Front End 2.40% $25,000 / [$10,000]
    F1 VRT 1112 Fee Based 1.40% $25,000 / [$10,000]
    Asset Class: All Cap Equity
    Inception Date: April, 1998
    Valuation Frequency: Monthly
    Eligibility: AB, BC, MB, NB, NS, NT, ON, PE, SK; Registered Plans
    Distributions: DRIP annually, cash optional

    Portfolio Manager: David Barr, CFA

    Co- Manager: Felix Narhi, CFA

  • The Latest

    Manager’s Commentary – May 2020 – David Barr

    Fellow Unitholders, We hope you and your families continue to be safe and healthy. Stock markets continued to push higher in May and small caps led the way this month. The Russell 2000 (CAD) and Russell Microcap (CAD) were up 5.4% and 5.5%, outperforming S&P 500 (CAD) by approximately two percentage points. Our funds delivered even better performance than small cap indices, with the Pender Value Fund up 6.4% and Pender Small Cap Opportunities Fund up 15.1%[1]. Nevertheless, on a year to date basis, small cap stocks continue to lag the performance of large cap peers in the US markets. Year to date, the S&P 500 (CAD) reversed losses and had a positive return of 0.8% while the Russell 2000 (CAD) and Russell Microcap (CAD) remained underwater with double digits losses. Download the PDF Our Favourite SandBox Our improved performance in May was driven primarily from our exposure to the…

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