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 2.30% $5,000 / [$100] F PGF 810 Fee Based 1.30% $5,000 / [$100] A (US$) PGF 801 Front End 2.30% US$5,000/[US$100] F (US$) PGF 811 Fee Based 1.30% US$5,000/[US$100] H PGF 840 Front End – HNW 2.00% $100,000 / [$100] I PGF 850 Fee Based – HNW 1.15% $100,000 / [$100] D PGF 860 Discount Brokerage 1.30% $5,000 / [$100] 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. Monthly
- Pender US All Cap Equity Fund – Profile Sheet – Class F (CAD)
- Pender US All Cap Equity Fund – Profile Sheet – Class F (USD)
- Pender US All Cap Equity Fund – Profile Sheet – Class A
Annual (POS)
- Pender US All Cap Equity Fund – Fund Facts – CAD (A Class)
- Pender US All Cap Equity Fund – Fund Facts – USD (A Class)
- Pender US All Cap Equity Fund – Fund Facts – (D Class)
- Pender US All Cap Equity Fund – Fund Facts – CAD (F Class)
- Pender US All Cap Equity Fund – Fund Facts – USD (F Class)
- Pender US All Cap Equity Fund – Fund Facts (H Class)
- Pender US All Cap Equity Fund – Fund Facts (I Class)
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The Latest
Pender Global Focused Fund – Manager’s Commentary – Q2 2021
Fellow unitholders, "The man who is in need of a new thinking tool, but hasn't yet acquired it, is already paying for it." - Charlie Munger In this commentary we cover: New Fund name, similar idiosyncratic strategy Portfolio update: Burford Capital Limited (BUR), Stitch Fix, Inc. (SFIX), MicroStrategy Inc. (MSTR), Zillow Group, Inc. (ZG) New additions: Alibaba Group Holding Ltd (BABA), Discovery Communications Inc. (DISCK) The Pender Global Focused Fund (PGFF or the Fund) was up 3.4%[1] for the quarter. On a year-to-date (YTD) basis, PGFF was up 15.8%[1]. The long-term performance of PGFF remains solid with 5-year annualized returns of 19.7%[1]. The primary objective for the Fund is to achieve capital growth over the long-term. More specifically, our goal for this mandate is to grow our capital at a healthy, double-digit pace over an extended period. Download PDF While stock price fluctuations come and go, what really matters…
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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