David Barr
CEO & Portfolio Manager
Mr. Barr is the CEO of Pender. He is also the Portfolio Manager of several of Pender’s funds.
The Pender Partners Fund is offered privately under an Offering Memorandum, pursuant to prospectus exemptions. It is an equity fund comprising a portfolio of securities which we believe have the potential for long term capital appreciation, regardless of market cap or geographical constraints. The objective of the Fund is to achieve capital growth over the long-term for unitholders, while being sufficiently diversified to mitigate volatility.
Since Inception returns are from Oct 2003. All returns greater than a year are annual compounded returns.
Standard Performance Data is subject to important disclosures set out in our Disclaimer.Performance (%) - June 30, 2025 1 Mo. 3 Mo. 6 Mo. 1 Yr. 2 Yr. 3 Yr. 5 Yr. 10 Yr. 15 Yr. YTD Since Inception Inception Date A 5.7 7.5 -1.8 14.2 17.7 11.7 10.0 -2.2 2.7 -1.8 3.3 2003-10-31 F2 5.8 7.8 -1.2 15.4 19.0 12.9 11.2 -1.2 3.7 -1.2 5.4 1998-04-03 Annual Performance (%) 2017 2018 2019 2020 2021 2022 2023 2024 YTD A 4.8 -37.1 -11.9 -0.3 15.1 -28.0 6.1 34.6 -1.8 F2 5.6 -36.4 -11.1 0.7 16.3 -27.3 7.2 36.0 -1.2
| Asset Allocation | (%) |
|---|---|
| US Equities | 54.0 |
| Canadian Equities | 36.9 |
| Cash | 5.5 |
| Foreign Equities | 3.0 |
| Other Assets | 0.6 |
| Sector Allocation | (%) |
|---|---|
| Information Technology | 22.3 |
| Financial Services | 17.2 |
| Industrials | 14.9 |
| Health Care | 12.1 |
| Consumer Discretionary | 7.1 |
| Materials | 5.7 |
| Cash | 5.5 |
| Banks | 4.6 |
| Other Sectors | 4.2 |
| Insurance | 3.3 |
| Consumer Staples | 3.1 |
| Currency Allocation | (%) |
|---|---|
| USD | 55.3 |
| CAD | 41.7 |
| Other | 3.0 |
| Top 10 Holdings | Fund (%) |
| Pender Small Cap Opportunities Fund | 29.7 |
| Jabil Inc. | 5.7 |
| Webster Financial Corporation | 4.6 |
| Brookfield Corporation | 4.3 |
| Mercer Park Opportunities Corp. | 4.1 |
| Onex Corporation | 3.8 |
| Hexcel Corporation | 3.5 |
| Markel Group Inc. | 3.3 |
| Copa Holdings, S.A. | 3.2 |
| Fevertree Drinks PLC | 3.0 |
| Total Percentage of Top 10 Holdings | 65.20% |
| Total Net Assets of Fund | $8,325,122 |
| Class | Code | Description | MER1 | Trailer | Min. Investment: Initial/[Subsequent] |
|---|---|---|---|---|---|
| A | PGF 1100 | Front End | 2.47% | 1.00% | $25,000/[$10,000] |
| F2 | PGF 1113 | Fee Based | 1.41% | $25,000/[$10,000] | |
| I | PGF 1150 | Fee Based - HNW | 1.25% | $100,000/[$10,000] |
1 As at 31-12-2024. The management expense ratio (“MER”) is calculated based on expenses charged to the fund inclusive of applicable taxes including GST and HST (excluding commissions and other portfolio transaction costs) and is expressed as an annualized percentage of average net assets for the period/year. The applicable taxes are calculated using the attribution percentage for each province based on unitholder residency.
| Asset Class: All Cap Equities |
| Inception Date: April 3, 1998 |
| Valuation Frequency: Monthly |
| Distributions: DRIP Annually, Cash Optional |
| Benchmark: Blended Benchmark (50% S&P/TSX, 50% S&P500 CAD) |
| Portfolio Manager: David Barr, CFA |
Mr. Barr is the CEO of Pender. He is also the Portfolio Manager of several of Pender’s funds.
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