Pender Small Cap Opportunities Fund
Classes B and G of the Pender Small Cap Opportunities Fund are currently open to retail investors.
The Pender Small Cap Opportunities Fund is an opportunistic, concentrated portfolio. The Fund is focused on undervalued small and microcap companies with strong underlying economics, predominantly in Canada. The manager often seeks out special situations, and has a track record of identifying catalysts, where market-leading companies have been acquired. After deep fundamental analysis these businesses are purchased at a discount to our estimate of intrinsic value.
Class Fund Codes Description MER Min. Investment: Initial/[Subsequent] Performance Fee A PGF 315 Front End 2.45% F PGF 320 Fee Based 1.45% I PGF 350 Fee Based – HMW 1.30% B PGF 380 Front End 2.45% $5,000 / [$100] 20% of excess of total return over benchmark
return, subject to a high water markG PGF 390 Fee Based 1.45% $5,000 / [$100] 20% of excess of total return over benchmark
return, subject to a high water markAsset Class: Small Cap Equity Inception Date: June 1, 2009 Valuation Frequency: Weekly Eligibility: Canada-wide, Registered Plans Distributions: DRIP annually, cash optional Benchmark: S&P/TSX Composite Index Portfolio Manager: David Barr, CFA. Monthly
- Pender Small Cap Opportunities Fund – Profile Sheet – Class F
- Pender Small Cap Opportunities Fund – Profile Sheet – Class A
- Pender Small Cap Opportunities Fund – Profile Sheet – Class B
- Pender Small Cap Opportunities Fund – Profile Sheet – Class G
Annual (POS)
- Pender Small Cap Opportunities Fund – Fund Facts (A Class)
- Pender Small Cap Opportunities Fund – Fund Facts (F Class)
- Pender Small Cap Opportunities Fund – Fund Facts (B Class)
- Pender Small Cap Opportunities Fund – Fund Facts (G Class)
For More Visit: Legal & Financial
The Latest
The Manager’s Commentary – August 2021
Fellow unit holders, Over the past year, we have enjoyed the benefits of running concentrated portfolios, as many of our key holdings have performed well in the stock market. August was the opposite of that. While major indices were up during the month, the Pender Small Cap Opportunities Fund was down by 2.2%[1] for the month and the Pender Value Fund was down by 3.1%[1]. Download PDF On a year-to-date (YTD) basis, the Pender Small Cap Opportunities Fund has delivered a total return of 19.9%[1], slightly below large cap indices, with the S&P 500 Index (in Canadian dollars) up 20.5% YTD, while the S&P/TSX Composite Index was up 20.2% YTD. The Fund has outperformed both the Russell 2000 Index (in Canadian dollars) and the S&P/TSX Small Cap Index, which were up 14.8% and 16.9% YTD respectively. The Pender Value Fund has a total return of 6.2%[1] YTD. Portfolio Update In…
David Barr
President, CEO & Portfolio Manager
Mr. Barr is the President and CEO of Pender. He is also the Portfolio Manager of several of Pender’s funds.
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