Pender Value Fund
The Pender Value Fund is a go-anywhere, concentrated portfolio consisting of the top “Best Ideas” from the Pender investment team, including special situations. Bottom up fundamental analysis of each investment results in a portfolio of securities which we believe have the potential for long term capital appreciation, regardless of market cap or geographical constraints.
Class Fund Codes Description MER* Minimum Investment: Initial/[Subsequent] A PGF 200 Front End 2.46% $5,000 / [$100] F PGF 210 Fee Based 1.43% $5,000 / [$100] H PGF 240 Front End – HNW 2.16% $100,000 / [$100] I PGF 250 Fee Based – HNW 1.27% $100,000 / [$100] D PGF 260 Discount Brokerage 1.43% $5,000 / [$100] *As at 2021-12-31
Asset Class: Canadian and US Equity Fund Inception Date: June 28, 2013 Valuation Frequency: Daily Eligibility: Canada-wide, Registered Plans Distributions: DRIP annually, cash optional Benchmark: S&P/TSX Composite Index Portfolio Manager: David Barr, CFA.
Co- Manager: Felix Narhi, CFA.
The Latest
Value Fund – Manager’s Commentary – March 2022
Fellow unit holders, The first quarter of 2022 came to a close with mixed performance to start the year. Investors were focused on macro events on several fronts, including the ongoing conflict in Ukraine, rising commodity prices that underpin already strong inflation, and the start of an interest rate hiking cycle that could dampen growth expectations. These developments all contributed to increased uncertainty, with broad markets posting mixed results. Download PDF In March, the S&P 500 Index (CAD) was up 2.0%, while the Russell 2000 index (CAD) fell 0.4%, bringing the first quarter results to -6.0% and -8.9% respectively. In…
David Barr
CEO & Portfolio Manager
Mr. Barr is the CEO of Pender. He is also the Portfolio Manager of several of Pender’s funds.
Felix Narhi
Chief Investment Officer and Portfolio Manager
Mr. Narhi is the Chief Investment Officer of Pender and the Portfolio Manager of the Pender Global Focused Fund (formerly the Pender US All Cap Equity Fund) and the Pender Strategic Growth and Income Fund, and Co-Manager of the Pender Value Fund.
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