Value Fund – Featured

January 11, 2022
Written by Evan Warburton

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Value Fund – Q4 2023

Highlights Positive performance in the Fund during the quarter was driven by by D2L Inc. (TSX: DTOL), Dye & Durham Ltd. (TSX: DND) and KKR and Co L.P (NYSE: KKR), Detractors included Baidu Inc. (Nasdaq: BIDU), Tiny Ltd. (CVE: TINY) and Texas Pacific Land Trust (NYSE: TPL). The Fund increased exposure to Canadian equities to 63.8% and reduced weights to international companies to 2.7% at the end of the year to focus on high conviction opportunities in companies we know well. Download the PDF. The Pender Value Fund returned 8.7% in the fourth quarter of 2023, bringing performance for the…

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