Pender Strategic Growth and Income Fund

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 (%) - 2024-05-311 Mo.3 Mo.6 Mo.1 Yr.2 Yr.3 Yr.5 Yr.10 Yr.YTDSince InceptionInception Date
A1.63.611.619.58.54.67.57.72019-12-15
F1.73.912.220.89.75.77.98.82019-12-15
Annual Performance (%)20162017201820192020202120222023YTD
A-1.922.8-8.012.27.5
F-1.024.1-7.113.47.9
Distributions Per Unit ($)Dec'22Jan'23Feb'23Mar'23Apr'23May'23Dec'23Mar'24Since Inception
A0.020.050.030.030.030.030.060.011.32
F0.020.050.030.030.030.030.110.041.45

Standard Performance Data is subject to important disclosures set out in our Disclaimer.

  • HPGF 1040Front End – HNW1.40%$5,000 / [$100]

    ClassFund Codes DescriptionMER*Minimum Investment: Initial/[Subsequent]
    APGF 1000Front End2.35%$5,000 / [$100]  
    FPGF 1010Fee Based1.28%$5,000 / [$100]  
    IPGF 1050Fee Based -HNW1.11%$100,000 / [$100]

    *As at 2023-12-31. 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

  • The Latest

    Strategic Growth and Income Fund – Q1 2024

    " In finance textbooks, "risk" is defined as short-term volatility. In the real world, risk is earning low returns, which is often caused by trying to avoid short-term volatility." - Morgan Housel Dear Unitholders, The Pender Strategic Growth & Income Fund (PSGIF) returned 7.1% in the first quarter of 2024. The one year return was 18.8%, comfortably ahead of its benchmark return of 11.7%[1]. We are pleased with the long-term record[2], which has been generated by a value-oriented approach in direct equities and top quartile contributions from Pender’s specialized strategies to provide exposure to fixed income and credit, small cap…

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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”.

Felix Narhi

Felix Narhi

Chief Investment Officer and Portfolio Manager

Mr. Narhi is the Chief Investment Officer of Pender and the Portfolio Manager of the Pender Strategic Growth and Income Fund, and Co-Manager of the Pender Value Fund.

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Geoff Castle

Geoff Castle

Portfolio Manager

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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