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 (Capped) Minimum Investment: Initial/[Subsequent] A PGF 200 Front End 2.40% $5,000 / [$100] F PGF 210 Fee Based 1.40% $5,000 / [$100] H PGF 240 Front End – HNW 2.10% $100,000 / [$100] I PGF 250 Fee Based – HNW 1.25% $100,000 / [$100] D PGF 260 Discount Brokerage 1.40% $5,000 / [$100] 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
Pender Small/Mid Cap Dividend Fund – Spring Commentary
The Fund continued to deliver positive performance with year-to-date returns through to April 30, 2021 of 17.9%[1]. This performance has been supported by many of the businesses we own seeing an expansion in operating leverage, driven by cost reductions implemented last year combined with an acceleration in revenue growth. As our investment process focuses on balance sheet strength and free cash flow generation, most of the companies we own have a stronger liquidity profile today than a year ago. Management teams in many of these companies have established track records of effective capital allocation and we anticipate that they will be opportunistic in the deployment of that capital to fund new growth opportunities, raise their dividends and make accretive acquisitions. Download PDF Pollard Banknote has been a top contributor to the Fund this year as the company’s iLottery business in the US continues to scale and garner recognition from the…
David Barr
President, CEO & Portfolio Manager
Mr. Barr is the President and 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 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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