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 (%) - August 30, 20241 Mo.3 Mo.6 Mo.1 Yr.2 Yr.3 Yr.5 Yr.10 Yr.15 Yr.YTDSince InceptionInception Date
A0.65.49.318.812.36.313.38.52019-12-15
F0.75.79.920.113.57.414.19.62019-12-15
Annual Performance (%)20162017201820192020202120222023YTD
A-1.922.8-8.012.213.3
F-1.024.1-7.113.414.1
Distributions Per Unit ($)Jan'23Feb'23Mar'23Apr'23May'23Dec'23Mar'24Jun'24Since Inception
A0.050.030.030.030.030.060.010.051.36
F0.050.030.030.030.030.110.040.071.52

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

  • Asset Allocation(%)
    Canadian Equities29.6
    US Equities27.5
    US Corporate Bonds15.0
    Other Assets8.3
    Canadian Corporate Bonds5.7
    Foreign Equities4.2
    Foreign Corporate Bonds2.9
    Government Bonds2.6
    Cash1.8
    Term Loans1.7
    Closed End Funds0.7
    Sector Allocation(%)
    Financial Services21.5
    Industrials15.6
    Information Technology8.3
    Other Sectors8.2
    Energy8.1
    Real Estate8.1
    Health Care4.9
    Communication Services4.8
    Consumer Discretionary4.1
    Materials3.8
    Consumer Staples3.0
    Insurance2.8
    Government Bonds2.6
    Cash1.8
    Utilities1.7
    Closed End Funds0.7
    Currency Allocation(%)
    USD51.8
    CAD44.1
    Other4.1
    Top 10 HoldingsFund (%)
    Pender Corporate Bond Fund32.1
    Pender Small Cap Opportunities Fund8.4
    Pender Alternative Absolute Return Fund6.4
    Exor N.V.4.1
    KKR & Co. Inc.3.2
    Brookfield Corporation3.1
    Burford Capital Limited3.0
    Dream Unlimited Corp.2.4
    Kennedy-Wilson Holdings Inc.2.4
    Aecon Group Inc.2.3
    Total Percentage of Top 10 Holdings67.40%
    Total Net Assets of Fund$52,752,340

  • ClassFund Codes DescriptionMER*Minimum Investment: Initial/[Subsequent]
    APGF 1000Front End2.34%$5,000 / [$100]  
    FPGF 1010Fee Based1.28%$5,000 / [$100]  
    IPGF 1050Fee Based -HNW1.11%$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

  • Know Your Product

    Pender Strategic Growth and Income Fund – June 30, 2024

    Monthly

    Annual (POS)

    For More Visit: Legal & Financial

  • The Latest

    Pender Strategic Growth and Income Fund – Q2 2024

    "The only difference between a salad and garbage is timing." - Andrew Lo, MIT Professor Highlights The Fund returned 1.4% in the second quarter of 2024, with notable contributions from Pender Corporate Bond Fund (fixed income) and Pender Small Cap Opportunities Fund (small caps). Modest defensive reallocation to specialized fund strategies (Pender Corporate Bond Fund and Pender Alternative Absolute Return fund) and from direct equities. The Fund added waste management firm GFL Environmental Inc. as a core equity holding. On a look-through basis: equity exposure approximately 58%, fixed income and credit approximately 33%, liquid alternatives approximately 8%. Dear Unitholders, The…

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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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