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.

Since Inception returns are from June 2013. 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
A1.013.723.332.916.8-3.54.75.532.18.02013-06-28
F1.114.024.034.318.1-2.45.86.733.09.22013-06-28
Annual Performance (%)20162017201820192020202120222023YTD
A18.37.0-9.418.118.9-1.8-31.36.532.1
F19.58.0-8.519.320.1-0.8-30.67.733.0

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

  • Asset Allocation(%)
    Canadian Equities74.0
    US Equities27.0
    Foreign Equities2.8
    Other Assets1.6
    Cash-5.4
    Sector Allocation(%)
    Information Technology39.5
    Financial Services15.8
    Industrials12.8
    Health Care6.4
    Consumer Discretionary6.1
    Energy5.9
    Consumer Staples5.6
    Real Estate5.2
    Insurance3.7
    Materials3.0
    Communication Services0.8
    Banks0.6
    Cash-5.4
    Currency Allocation(%)
    CAD68.7
    USD28.5
    Other2.8
    Top 10 HoldingsFund (%)
    D2L Inc.6.1
    Copperleaf Technologies Inc.4.9
    Dye & Durham Limited4.9
    PAR Technology Corporation4.6
    Aecon Group Inc.4.5
    Sylogist Ltd.4.4
    Sangoma Technologies Corporation4.4
    ADENTRA Inc.4.3
    Burford Capital Limited4.3
    Interactive Brokers Group Inc.3.9
    Total Percentage of Top 10 Holdings46.30%
    Total Net Assets of Fund$110,233,100
  • ClassFund Codes DescriptionMER* Minimum Investment: Initial/[Subsequent]
    APGF 200Front End2.51%$5,000 / [$100]
    FPGF 210Fee Based1.45%$5,000 / [$100]
    HPGF 240Front End – HNW2.21%$100,000 / [$100]
    IPGF 250Fee Based – HNW1.30%$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: 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.

  • Know Your Product

    Monthly

    Annual (POS)

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  • The Latest

    Value Fund – Q1 2024

    Download the PDF. The Pender Value Fund had a strong start to the year, gaining 17.3%[1] in the first quarter of 2024. This result compares with gains of 6.6% in the S&P/TSX Composite Index and 7.9% in the S&P/TSX Small Cap Index. In the US, the Russell 2000 Index (CAD) returned 7.5%. The strength in overall equity market performance was a continuation from the fourth quarter of last year, with broad based risk appetite returning for investors. Monetary policy and the macro interest rate environment were cues for the rally, kicked off by signaling from the Fed that interest rates…

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David Barr

David Barr

CEO & Portfolio Manager

Mr. Barr is the CEO of Pender. He is also the Portfolio Manager of several of Pender’s funds.

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