Pender US Small/Mid Cap Equity Fund – Featured
January 22, 2025
The Latest
Pender US Small/Mid Cap Equity Fund – May 2025
Highlights DigitalBridge Group Inc. (DBRG) and Fluor Corporation (FLR) were top contributors while Fidelity National Financial Inc. (FNF) was a top detractor to performance. Initiated a new position in Modine Manufacturing Company (MOD) Download the PDF. The S&P MidCap 400 Index posted total returns of 5.4% for the month of April 2025, underperforming its large cap peer, the S&P 500 Index, by 89bps. On a year-to-date basis, the Mid Cap Index with total returns of -3.26% has lagged the S&P 500 Index by 432bps creating an attractive investment opportunity in the mid cap space with a forward price to earnings…
