The second quarter of 2026 saw geopolitical headlines and shifting views on technology impacting equity valuations globally. The war in the Middle East began to de-escalate by quarter-end, with Brent crude falling back to more normalized levels after peaking near US$120/barrel in April, though the full market impact is still being assessed. 1 Portfolio weights […]

The class F units of the Pender Bond Universe Fund were up 1%1  in the second quarter of 2026, relatively underperforming their benchmark by 1%. Most Investment Grade (IG) holdings contributed positively over the period with standout performance from Pender Corporate Bond Fund units held and certain non-IG lines such as Meritage Homes and Opko […]

In Q2, the Fund returned 10.9%, ahead of the S&P/TSX Composite at 7.0%. This is despite a challenging month of June where the Fund returned -3.8%, and the S&P/TSX Composite was up 0.5%. 1 Portfolio weights remain predominantly Canadian, with ~78.7% in Canadian equities and ~12.5% in US equities. The levels of volatility we've grown […]

VANCOUVER, B.C., July 13, 2026, (TSXV: PTF): Pender Growth Fund Inc. (the “Company” or “PTF”) is pleased to report that the business combination of long-time holding General Fusion Inc. (“General Fusion”) with Spring Valley Acquisition Corp. III (“SVAC”) (the “Business Combination”), closed on July 10, 2026. On closing, Spring Valley Acquisition Corp. III was renamed […]

As we pass the halfway point of 2026, investors may be surprised to learn that the Russell 2000 has been the top-performing major index so far this year, outpacing the S&P 500 and far exceeding the mega-cap Magnificent 7. Small caps are beating large-cap peers by nearly 1,400 basis points YTD, the largest first-half gap […]

The Pender Corporate Bond Fund ended the month of June down -0.7%1, a result driven primarily by individual line-items which offset the generally positive price environment in the bond market over the period. The most significant area of weakness for the Fund in June was oil and gas issuers, including equity-sensitive convertible lines in Borr […]