PenderFund Receives Industry Recognition with 2022 Lipper Fund Award
VANCOUVER, B.C. PenderFund Capital Management Ltd. (“Pender”) is pleased to announce that the Pender Small Cap Opportunities Fund (the “Fund”) has received an industry award.
The Pender Small Cap Opportunities Fund has been recognized as a Refinitiv Lipper Fund Awards Canada 2022 Winner and named the best Canadian Focused Small/Mid Cap Equity Fund over a ten-year performance period. The awards are based on objective, quantitative criteria and Refinitiv Lipper’s methodology can be viewed here.
“Small cap investing, for us, is about the long term,” says David Barr, CEO and the Fund’s Portfolio Manager. “To be recognized for a long-term result is rewarding because it is an acknowledgement of our underlying investment process and what we seek to accomplish with our long-term time horizon. It has been a challenging year for small cap, especially in technology and growth. These are the times when a fundamental approach is critical to understanding the businesses which are most likely to thrive for the next five to ten years, and which will drive our returns for the next ten years,” he adds.
“Congratulations to our small cap equity investment team including Sharon Wang, Senior Equity Analyst and Tracy Tidy, Equity Analyst,” says Felix Narhi, CIO. “Markets have been tough recently, and while it’s been hard over the short-term, we strive every day to protect and grow our clients’ wealth over the long-term. We strive for performance over a longer investment time horizon and are happy to receive independent recognition for long-term performance.”
This is the fifth time the Pender Small Cap Opportunities Fund has been recognized with a Refinitiv Lipper Award. For three consecutive years from 2015-2017, the Fund was recognized as the best Canadian Small/Mid Cap Equity Fund for its performance over both three- and five-year periods. It was recognized again in 2021, also for its ten-year performance.
“We would like to thank our clients for their continued support,” adds David Barr. “I would also like to acknowledge the talented, visionary CEOs and management teams leading the small cap companies that we invest in who have the discipline, determination and long-term focus to lead these outstanding businesses.”
The Pender Small Cap Opportunities Fund was launched on June 1, 2009. It is an opportunistic, concentrated portfolio of undervalued small and microcap companies predominantly based in Canada. The Fund’s Portfolio Manager looks for out-of-favour market-leading businesses with strong underlying economics and management teams. Taking advantage of market inefficiencies, these businesses are purchased with a margin-of-safety to minimise downside risk and provide a longer runway to potential capital appreciation. Portfolio holdings include special situations and M&A candidates.
“The 2022 Refinitiv Lipper Fund Awards recognize award winning managers who are successfully facing down market factors not seen in decades including rising inflation, a thinning labor pool and continuing constraints on the global supply chain. Markets are ebbing and flowing along with the sentiments and emotions of investors as the pandemic continues to cloud outlooks and change perspectives. Fund managers find themselves looking beyond earnings statements and factoring in impacts of viral waves –making active management more challenging than ever. We applaud the 2022 Refinitiv Lipper Fund Award winners such as PenderFund Capital Management Ltd. for delivering outperformance and the accompanying comfort of consistency to investors’ portfolios in a time of unprecedented change.” Robert Jenkins, Head of Research, Lipper, Refinitiv.
About PenderFund Capital Management Ltd.
Pender was founded in 2003 and is an independent, employee-owned investment firm located in Vancouver, British Columbia. Our goal is to protect and grow wealth for our investors over time. We have a talented investment team of expert analysts, security selectors and independent thinkers who actively manage a suite of differentiated investment funds, exploiting inefficient parts of the investing universe to achieve our goal. Please visit www.penderfund.com.
Standard Performance Data for Pender’s Funds may be found here:
Equity Funds: www.penderfund.com/equity
Fixed Income Funds: www.penderfund.com/fixed-income
Balanced Funds: www.penderfund.com/balanced
Liquid Alternative Funds: www.penderfund.com/liquid-alternative-funds
Please read important disclosures at www.penderfund.com/disclaimer.
About Refinitiv Lipper Awards
The Refinitiv Lipper Fund Awards, granted annually, highlight funds and fund companies that have excelled in delivering consistently strong risk-adjusted performance relative to their peers. The Refinitiv Lipper Fund Awards are based on the Lipper Leader for Consistent Return rating, which is a risk-adjusted performance measure calculated over 36, 60 and 120 months. The fund with the highest Lipper Leader for Consistent Return (Effective Return) value in each eligible classification wins the Refinitiv Lipper Fund Award. For more information, see lipperfundawards.com Although Refinitiv Lipper makes reasonable efforts to ensure the accuracy and reliability of the data contained herein, the accuracy is not guaranteed by Refinitiv Lipper.
For further information, please contact:
Vice President of Marketing, PenderFund Capital Management Ltd.
Toll Free: (866) 377-4743
Congratulations to all of the 2022 Lipper Fund Award mutual fund and ETF winners.