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.
Standard Performance Data is subject to important disclosures set out in our Disclaimer
|Class||Fund Codes||Description||MER*||Minimum Investment: Initial/[Subsequent]|
|A||PGF 200||Front End||2.51%||$5,000 / [$100]|
|F||PGF 210||Fee Based||1.45%||$5,000 / [$100]|
|H||PGF 240||Front End – HNW||2.20%||$100,000 / [$100]|
|I||PGF 250||Fee Based – HNW||1.29%||$100,000 / [$100]|
*As at 2022-06-30
|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.
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HIGHLIGHTS Pender Value Fund returned 9.7% in January, following a 4.7% gain in the fourth quarter. Technology holdings now represent the largest sector weight in the portfolio at 37.6% at the end of January, up from 29.3% at the end of June 2022. We see many high-quality tech companies trading at a discount of greater than 50% to their private market value. We continue to focus on North American small and mid-cap businesses. Our weight in Canadian equities grew to 47.0% at the end of January, up from 36.3% at June 30, 2022. We have been adding to attractively priced…
Mr. Barr is the CEO of Pender. He is also the Portfolio Manager of several of Pender’s funds.
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.