The Pender Small/Mid Cap Dividend Fund is designed to provide investors with a combination of long-term capital appreciation and a stable quarterly stream of cash distributions. The Fund will invest primarily in Canadian securities, with a focus on, but not limited to, dividend paying small/mid cap companies. Assets in the Fund may also be held in cash or other securities to the extent that the economic, market, or other conditions make it appropriate.
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Class | Fund Codes | Description | MER* | Minimum Investment: Initial/[Subsequent] |
A | PGF 1300 | Front End | 2.59% | $5,000 / [$100] |
F | PGF 1310 | Fee Based | 1.55% | $5,000 / [$100] |
H | PGF 1340 | Front End-HNW | 2.26% | $100,000 / [$100] |
I | PGF 1350 | Fee Based | 1.37% | $100,000 / [$100] |
*As at 2023-06-30. 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: Small/Mid Cap Equities |
Inception Date: January 31, 2020 |
Valuation Frequency: Daily |
Eligibility: Canada-wide, Registered Plans |
Distributions: Drip quarterly, cash optional |
Benchmark: S&P/TSX Composite Index |
Co- Manager: David Barr, CFA Co- Manager: Aman Budhwar, CFA |
For More Visit: Legal & Financial
Highlights The top contributors included Computer Modeling Group, Saturn Oil & Gas, Spartan Delta, and NFI Group. Among the detractors were Chorus Aviation, and Trisura Group, despite posting strong quarterly earnings. The Fund took advantage of the recent volatility to initiate two new holdings during the quarter: Canacol Energy and Aecon Group. The Pender Small / Mid Cap Dividend Fund (PSMDF) ended September 2023 with total returns of 0.4% for the quarter, outperforming the S&P TSX Composite Index total return of -2.2% and the S&P TSX Small Cap Index total return of -0.8%[1]. Download PDF The quarter saw some unusual…
Standard Performance Data is subject to important disclosures set out in our Disclaimer
Mr. Barr is the CEO of Pender. He is also the Portfolio Manager of several of Pender’s funds.
Aman Budhwar joined Pender in February 2022 as an Associate Portfolio Manager.
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