Fees & Fund Codes

Pender Alternative Absolute Return Fund

ClassCodeDescriptionManagement FeeMER* before performance feeMER*Performance FeeHurdle RateHigh Water MarkTrailer Fee
Class APGF 2000Front End1.80%2.55%2.55%15%3%Yes1.00%
Class FPGF 2010Fee Based0.80%1.42%1.61%15%3%Yes
Class HPGF 2040Front End – HNW1.50%2.17%2.18%15%3%Yes0.85%
Class IPGF 2050Fee Based – HNW0.65%1.23%1.51%15%3%Yes
Class A – USPGF 2001Front End1.80%2.41%2.59%15%3%Yes1.00%
Class F – USPGF 2011Fee Based0.80%1.37%2.11%15%3%Yes
Class H – USPGF 2041Front End – HNW1.50%2.11%2.31%15%3%Yes0.85%
Class I – USPGF 2051Fee Based – HNW0.65%1.40%2.20%15%3%Yes

*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.

Pender Alternative Arbitrage Fund

ClassCodeDescriptionManagement FeeMER* before performance feeMER*Performance FeeHigh Water MarkTrailer Fee
Class APGF 2100Front End1.80%2.46%2.46%15%Yes1.00
Class FPGF 2110Fee Based0.80%1.42%1.48%15%Yes
Class HPGF 2140Front End – HNW1.50%2.10%2.10%15%Yes0.85%
Class IPGF 2150Fee Based – HNW0.65%1.24%1.37%15%Yes
Class F – USPGF 2111Fee Based0.80%1.41%1.51%15%Yes
Class I – USPGF 2151Fee Based – HNW0.65%1.21%1.40%15%Yes

*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.

Pender Alternative Arbitrage Plus Fund

ClassCodeDescriptionManagement FeeMER* before performance feeMER*Performance FeeHigh Water MarkTrailer Fee
Class APGF 2200Front End1.80%2.42%2.42%15%Yes1.00%
Class FPGF 2210Fee Based0.80%1.37%1.37%15%Yes
Class IPGF 2250Fee Based – HNW0.65%1.21%1.21%15%Yes
Class F – USPGF 2211Fee Based0.80%1.37%1.37%15%Yes
Class I – USPGF 2251Fee Based – HNW0.65%1.19%1.19%15%Yes

*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.

Pender Alternative Multi-Strategy Income Fund

ClassCodeDescriptionManagement FeeMER* before performance feeMER*Performance FeeHurdle RateHigh Water MarkTrailer Fee
Class APGF 1200Front End1.80%2.56%2.56%15%3%Yes1.00%
Class FPGF 1210Fee Based0.80%1.47%1.64%15%3%Yes
Class IPGF 1250Fee Based – HNW0.65%1.29%1.49%15%3%Yes

*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.

Pender Alternative Special Situations Fund

ClassCodeDescriptionManagement FeeMER* before performance feeMER*Performance FeeHurdle RateHigh Water MarkTrailer Fee
Class APGF 1500Front End1.95%0.00%0.00%15%6%Yes1.00%
Class FPGF 1510Fee Based0.95%0.00%0.00%15%6%Yes
Class HPGF 1540Front End – HNW1.65%0.00%0.00%15%6%Yes0.85
Class IPGF 1550Fee Based – HNW0.80%0.00%0.00%15%6%Yes

*MER was NIL at at 2023-06-30 due to waiver of fees.

Pender Bond Universe Fund

ClassCodeDescriptionManagement FeeMER*Trailer Fee
Class APGF 1400Front End0.60%1.18%0.35%
Class FPGF 1410Fee Based0.10%0.65%
Class F – USPGF 1411Fee Based0.10%0.63%

*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.

Pender Corporate Bond Fund

ClassCodeDescriptionManagement FeeMER*Trailer Fee
Class APGF 500Front End1.40%2.07%0.80%
Class FPGF 510Fee Based0.60%1.19%
Class UPGF 518Fee Based0.60%1.24%
Class HPGF 540Front End-HNW1.10%1.73%0.65%
Class IPGF 550Fee Based-HNW0.45%1.03%
Class A – USPGF 501Front End1.40%2.05%0.80%
Class F – USPGF 511Fee Based0.60%1.18%
Class H – USPGF 541Front End-HNW1.10%1.76%0.65%
Class I – USPGF 551Fee Based-HNW0.45%1.04%

*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.

Pender Partners Fund

ClassCodeDescriptionManagement FeeMER*Trailer Fee
Class APGF 1100Front End1.85%2.49%1.00%
Class F2PGF 1113Fee Based0.85%1.42%
Class IPGF 1150Fee Based-HNW0.70%1.26%

*As at 2022-12-31. 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.

Pender Small Cap Opportunities Fund

ClassCodeDescriptionManagement FeeMER* before performance feeMER*Trailer Fee
Class A
(closed to new purchases)
PGF 315Front End1.95%2.64%2.64%1.00%
Class F
(closed to new purchases)
PGF 320Fee Based0.95%1.60%1.60%
Class BPGF 380Front End1.95%2.65%2.65%1.00%
Class GPGF 390Fee Based0.95%1.59%1.59%

*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.

Pender Small/Mid Cap Dividend Fund

ClassCodeDescriptionManagement FeeMER*Trailer Fee
Class APGF 1300Front End1.95%2.59%1.00%
Class FPGF 1310Fee Based0.95%1.55%
Class HPGF 1340Front End-HNW1.65%2.26%0.85%
Class IPGF 1350Fee Based-HNW0.80%1.37%

*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.

Pender Strategic Growth and Income Fund (formerly Pender Enhanced Income Fund)

ClassCodeDescriptionManagement FeeMER*Trailer Fee
Class APGF 1000Front End1.70%2.35%1.00%
Class FPGF 1010Fee Based0.70%1.28%
Class HPGF 1040Front End-HNW1.40%0.07%
Class IPGF 1050Fee Based-HNW0.55%1.11%

*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.

Pender Value Fund

ClassCodeDescriptionManagement FeeMER*Trailer Fee
Class APGF 200Front End1.85%2.51%1.00%
Class FPGF 210Fee Based0.85%1.46%
Class HPGF 240Front End-HNW1.55%2.20%0.85%
Class IPGF 250Fee Based-HNW0.70%1.29%

*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.