The Pender Strategic Growth and Income Fund is a diversified balanced fund. It aims to generate long-term growth and income by investing in a portfolio of equities and fixed income which may vary depending on market conditions.
The Fund makes allocations across Pender’s investment lineup, specifically, the Fund invests in Pender’s fixed income and equity funds which aim for best-in-class results. It may also allocate up to 10% of its net assets to a range of Pender’s liquid alternative funds to further diversify the portfolio. Alongside these holdings the fund will have equity exposures that are typically investments in All-Cap Canadian and U.S. companies, with an emphasis on businesses that generate stable or growing cash distributions to shareholders and further diversify and complement the existing holdings within the fund.
We believe this approach is an important differentiator to traditional balanced funds, which are often under invested in small-mid cap equities which can be an important long-term driver of returns, and liquid alternatives for diversification benefits.
Latest News: The Pender Strategic Growth and Income Fund Receives Industry Recognition with 2023 LSEG Lipper Fund Award for Strong, Long-Term, Risk-Adjusted Returns. Read More
Since Inception returns are from December 2019. All returns greater than a year are annual compounded returns.
| Performance (%) - December 31, 2024 | 1 Mo. | 3 Mo. | 6 Mo. | 1 Yr. | 2 Yr. | 3 Yr. | 5 Yr. | 10 Yr. | 15 Yr. | YTD | Since Inception | Inception Date | A | -2.1 | 2.7 | 10.4 | 19.3 | 15.7 | 7.2 | 8.2 | 19.3 | 9.0 | 2019-12-15 | F | -2.0 | 3.0 | 11.0 | 20.6 | 16.9 | 8.3 | 9.3 | 20.6 | 10.1 | 2019-12-15 |
|---|
| Annual Performance (%) | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | YTD | A | -1.9 | 22.8 | -8.0 | 12.2 | 19.3 | 19.3 | F | -1.0 | 24.1 | -7.1 | 13.4 | 20.6 | 20.6 |
|---|
| Distributions Per Unit ($) | Mar'23 | Apr'23 | May'23 | Dec'23 | Mar'24 | Jun'24 | Sep'24 | Dec'24 | Since Inception |
|---|---|---|---|---|---|---|---|---|---|
| A | 0.03 | 0.03 | 0.03 | 0.06 | 0.01 | 0.05 | 0.02 | 0.02 | 1.40 |
| F | 0.03 | 0.03 | 0.03 | 0.11 | 0.04 | 0.07 | 0.05 | 0.04 | 1.61 |
Standard Performance Data is subject to important disclosures set out in our Disclaimer.
| Asset Allocation | (%) |
|---|---|
| US Equities | 26.6 |
| Canadian Equities | 25.7 |
| US Corporate Bonds | 16.7 |
| Other Assets | 14.2 |
| Canadian Corporate Bonds | 5.4 |
| Cash | 4.8 |
| Foreign Equities | 3.4 |
| Government Bonds | 3.2 |
| Sector Allocation | (%) |
|---|---|
| Financial Services | 15.3 |
| Other Sectors | 14.7 |
| Industrials | 11.3 |
| Health Care | 10.6 |
| Information Technology | 10.2 |
| Real Estate | 7.2 |
| Energy | 6.8 |
| Cash | 4.8 |
| Insurance | 4.7 |
| Materials | 4.0 |
| Consumer Discretionary | 3.7 |
| Communication Services | 3.5 |
| Government Bonds | 3.2 |
| Currency Allocation | (%) |
|---|---|
| USD | 54.0 |
| CAD | 42.6 |
| Other | 3.4 |
| Top 10 Holdings | Fund (%) |
| Pender Corporate Bond Fund | 32.5 |
| Pender Small Cap Opportunities Fund | 9.1 |
| Pender Alternative Absolute Return Fund | 7.2 |
| Exor N.V. | 3.4 |
| Brookfield Corporation | 2.8 |
| Burford Capital Limited | 2.8 |
| Onex Corporation | 2.6 |
| Trisura Group Ltd. | 2.3 |
| Kennedy-Wilson Holdings, Inc. | 2.2 |
| Microchip Technology Incorporated | 2.0 |
| Total Percentage of Top 10 Holdings | 66.90% |
| Total Net Assets of Fund | $56,891,880 |
| Class | Fund Codes | Description | MER* | Minimum Investment: Initial/[Subsequent] |
| A | PGF 1000 | Front End | 2.34% | $5,000 / [$100] |
| F | PGF 1010 | Fee Based | 1.28% | $5,000 / [$100] |
| I | PGF 1050 | Fee Based -HNW | 1.11% | $100,000 / [$100] |
*As at 2024-06-30. 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: Growth and Income Fund |
| Inception Date: September 21, 2009 |
| Valuation Frequency: Daily |
| Eligibility: Canada-Wide, Registered Plans |
| Distributions: DRIP quarterly, cash optional |
| Benchmark: S&P/TSX Composite Index |
|
Portfolio Manager: Felix Narhi, CFA Co- Manager: Geoff Castle |
Pender Strategic Growth and Income Fund – September 30, 2024
For More Visit: Legal & Financial
"Luck is random, but the ability to capitalize on luck isn't necessarily random.” - Mari Kuraishi Highlights Fund returned 7.8%, with notable contributions from small cap equity and real-estate holdings First Fed reduction in borrowing costs since March 2020, increasing appetite for risk assets Added two new equities: Services provider Calian Group Ltd. and real estate company Howard Hughes Holdings Inc Allocation on look-through basis: Equity 58.0%, Fixed Income & Credit 31.8%, and Liquid Alternatives 8.1% Dear Unitholders, The Fund returned 7.8% in the third quarter of 2024[1], an exceptional result within the context of Global equity and credit markets.…
Effective June 23, 2023, the Pender Strategic Growth and Income Fund merged with the Pender Enhanced Income Fund. On completion of the merger, all of the assets and investments of the Pender Strategic Growth and Income Fund were transferred to the Pender Enhanced Income Fund and unitholders of the Pender Strategic Growth and Income Fund became unitholders of the Pender Enhanced Income Fund.
After the Merger, the name of the Pender Enhanced Income Fund was changed to “Pender Strategic Growth and Income Fund”.
Mr. Narhi is the Portfolio Manager of the Pender Strategic Growth and Income Fund and Co-Manager of the Pender Value Fund.
Mr. Castle is the Portfolio Manager of the Pender Corporate Bond Fund and the Pender Bond Universe Fund. He began his investing career in 2000 and has experience in both public mutual funds and proprietary investment fund management for ultra-high net worth individuals.
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