Pender Value Fund
Effective June 23, 2023, the Pender Global Focused Fund was merged with the Pender Value Fund. On completion of the Merger all of the assets and investments of the Pender Global Focused Fund were transferred to the Pender Value Fund and unitholders of the Pender Global Focused Fund became unitholders of the 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 2.51% $5,000 / [$100] F PGF 210 Fee Based 1.46% $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 2023-06-30. 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.
Co- Manager: Felix Narhi, CFA.
Know Your Product
Monthly
Annual (POS)
- Pender Value Fund – Fund Facts – CAD – Class A
- Pender Value Fund – Fund Facts – CAD – Class F
- Pender Value Fund – Fund Facts – CAD – Class H
- Pender Value Fund – Fund Facts – CAD – Class I
For More Visit: Legal & Financial
The Latest
Value Fund – Q3 2023
Highlights During the quarter, we added Aecon Group Inc. (TSX:ARE) and Thinkific Labs Inc. (TSX:THNC). Canadian equities stood at 52.7% at the end of the quarter, up from 50.3% at the end of December 2022. As our Canadian exposure has grown, we have been reducing our weights to international companies, which stood at 9.5% at the end of the quarter. Download PDF The Pender Value Fund Returned -3.9% in the third quarter of 2023, bringing year-to-date performance to -1.0%[1]. This result lagged the broad market performance in Canadian equities, with the S&P/TSX Composite Index declining -2.2% and the S&P/TSX Small…
Standard Performance Data is subject to important disclosures set out in our Disclaimer
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 Strategic Growth and Income Fund, and Co-Manager of the Pender Value Fund.
Sign Up To Our Newsletter
Stay Connected
Join our online community and receive a monthly round up of new blog posts, commentaries, podcasts, media coverage and more.
