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.
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 (Capped) | Min. Investment: Initial/[Subsequent] | Performance Fee |
| A | PGF 315 | Front End | 2.50% | ||
| F | PGF 320 | Fee Based | 1.50% | ||
| I | PGF 350 | Fee Based – HMW | 1.35% | ||
| N | PGF 370 | 1.00% | |||
| B | PGF 380 | Front End | 2.50% | $5,000 / [$100] | 20% of excess of total return over benchmark return, subject to a high water mark |
| G | PGF 390 | Fee Based | 1.50% | $5,000 / [$100] | 20% of excess of total return over benchmark return, subject to a high water mark |
| Asset 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. |
For More Visit: Legal & Financial
Fellow unit holders, Small cap and technology stocks put the brakes on a little in March after a great run. The Pender Small Cap Opportunities Fund was up modestly by 0.3%[1] for the month and the Pender Value Fund was down by 1.6%1. On a year to date (YTD) basis, the Pender Small Cap Opportunities Fund stands at 18.3% for the first quarter and the Pender Value Fund delivered a total return of 10.7% for the quarter, outperforming large cap indices with the S&P 500 Index (in Canadian dollars) up 4.8% YTD, while the S&P/TSX Composite Index was up 8.1% YTD. Download pdf We are happy to report that both funds have performed consistently well over the long term[2]. The Pender Small Cap Opportunities Fund (inception date June 09, 2009) ranks in the top quartile for one-, three-, five- and 10-year time periods while the Pender Value Fund (inception date…
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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