Pender Global Focused Fund
The Pender Global Focused Fund (formerly Pender US All Cap Equity Fund) is a concentrated portfolio of global securities, primarily listed in North America. The Manager’s primary focus is on owning founder-led companies with underappreciated competitive advantages and growth potential over the long term. His secondary focus is to generate potential returns driven by opportunistic shorter-term gaps between intrinsic value and price, which tend to emerge during periodic market dislocations. The Fund utilizes a value-driven fundamental approach.
Class Fund Codes Description MER* Minimum Investment: Initial/[Subsequent] A PGF 800 Front End 2.38% $5,000 / [$100] F PGF 810 Fee Based 1.36% $5,000 / [$100] A (US$) PGF 801 Front End 2.41% US$5,000/[US$100] F (US$) PGF 811 Fee Based 1.36% US$5,000/[US$100] H PGF 840 Front End – HNW 2.12% $100,000 / [$100] I PGF 850 Fee Based – HNW 1.21% $100,000 / [$100] D PGF 860 Discount Brokerage 1.37% $5,000 / [$100] *As at 2021-12-31
Asset Class: US Equity Inception Date: June 28, 2013 Valuation Frequency: Weekly Eligibility: Canada-wide, Registered Plans Distributions: DRIP annually, cash optional Benchmark: S&P 500 Index Portfolio Manager: Felix Narhi, CFA. Know Your Product
Monthly
- Pender Global Focused Fund – Profile Sheet – Class F (CAD)
- Pender Global Focused Fund – Profile Sheet – Class F (USD)
- Pender Global Focused Fund – Profile Sheet – Class A
Annual (POS)
- Pender Global Focused Fund – Fund Facts – CAD (A Class)
- Pender Global Focused Fund – Fund Facts – USD (A Class)
- Pender Global Focused Fund – Fund Facts – CAD (F Class)
- Pender Global Focused Fund – Fund Facts – USD (F Class)
- Pender Global Focused Fund – Fund Facts (H Class)
- Pender Global Focused Fund – Fund Facts (I Class)
For More Visit: Legal & Financial
The Latest
Global Focused Fund – Manager’s Commentary – Q3 2021
"Every past decline looks like an opportunity; every future decline looks like a risk." - Morgan Housel Fellow unitholders, In this commentary we cover: Popularity Cycles Pessimism – What (else) could go wrong? Optionality – What could go right? Commentary on Zillow Group, Inc. (ZG), Stitch, Fix Inc. (SFIX), and Baidu, Inc. (BIDU) The Pender Global Focused Fund (PGFF) was down 8.4%[1] for the quarter ending September 30. On a year-to-date basis, PGFF was up 6.0%. The long-term performance of PGFF remains solid with a 5-year annualized return of 16.3%. The primary objective of the Fund is to grow capital…
Recent Commentaries
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.
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