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OVERVIEW

Equity

Pender Global Small/Mid Cap Opportunities Fund​

The Pender Global Small/Mid Cap Opportunities Fund ​will invest in a diversified portfolio of global small and mid cap companies with a focus on long term capital appreciation while managing downside risk through stock and sector diversification and periodic rebalancing. The Fund will invest primarily in small and mid-cap companies anywhere in the world. The Fund may also invest in large cap companies anywhere in the world.


Class
Key Documents
Fund Code
PGF 1900
Class A
PGF 1950
Class F
Daily Price
$10.00
$10.00
YTD Return
1-Year Return
Since Inception
Date of Class Inception
Aug 31, 2026
Aug 31, 2026

Why invest in this Fund?

Investment Objective

The investment objective of the Fund is to achieve capital growth over the long-term. The Fund will invest primarily in equity securities of companies anywhere in the world.

Portfolio Fit

The fund aims to offer attractive risk-adjusted returns from exposure to global small and mid cap companies. Provides lower correlation to the broader markets, with the ability to add portfolio growth by capturing company-specific growth.

Fund Facts

Fund CodePGF 1900Class A
Load TypeFront End
MER—Class A
Trailer1.00%
Initial Investment$500
Asset ClassGlobal Equity Fund
Valuation FrequencyDaily
DistributionsDRIP Annually, Cash Optional
BenchmarkMSCI World SMID Cap Index (CAD)
Subsequent Investment$0
Fund CodePGF 1950Class F
Load TypeFee Based
MER—Class F
Trailer—
Initial Investment$500
Asset ClassGlobal Equity Fund
Valuation FrequencyDaily
DistributionsDRIP Annually, Cash Optional
BenchmarkMSCI World SMID Cap Index (CAD)
Subsequent Investment$0

Start Investing

Purchase This Fund Today

Minimum investment $500$500 Canada-wide, Registered Plans Eligible
How to invest

Documents

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Investment Process

Process aligned with existing Pender Equity Funds
Idea Generation
  • Screen the global investment universe on valuation and quality
  • Focus on areas with structural inefficiencies and mispricing
Business Analysis
  • Fundamental research on business, industry and management
  • Estimate intrinsic value using earnings, free cash flow, and asset value
  • Emphasize strong management, durable advantages, and long-term growth
  • Assess margin of safety
  • Evaluate upside potential relative to downside risk
Portfolio Management
  • Build a high-conviction portfolio of 25 to 40 names
  • Disciplined risk-adjusted sizing for individual ideas
  • Sector diversification to reduce idiosyncratic risk
  • Sell when intrinsic value reached, thesis weakens, or switch opportunities emerge

Risk Management

Fundamentals drive risk management
Valuation Risk: Long-term returns for any given stock will largely depend on whether the stock was bought at a discount to its intrinsic value and the underlying economics of the business.
Business Risk: The potential to lose earnings power through cyclical or operating risk. The presence of competitive advantages like scale, low cost and well-loved brands mitigate business risk.
Balance Sheet Risk: Investors tend to ignore financial risk during stock market booms. Companies that place a high priority on maintaining a conservative balance sheet are more likely to survive and thrive.

Performance

As at
Performance
Calendar Year Performance

No annual performance data.

Since Inception returns are from August 31, 2026. All returns greater than a year are annual compounded returns.
Standard Performance Data is subject to important disclosures set out in our Disclaimer.
Growth of $10,000

No Growth of 10k to display.

Holdings

As at
Asset Allocation

Missing allocations.

Sector Allocation

Missing allocations.

Currency Allocation

Missing allocations.

Facts

Code Class Description MER Trailer Min. Investment Initial/[Subsequent]
PGF 1900AFront End1.00$500/[$]
PGF 1950FFee Based$500/[$]

MER was NIL as at due to waiver of fees. The management expense ratio (“MER”) is calculated based on expenses charged to the fund inclusive of applicable taxes including GST and HST (excluding commissions, performance fees 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:
Global Equity Fund
Inception Date:
August 31, 2026
Valuation Frequency:
Daily
Distributions:
DRIP Annually, Cash Optional
Benchmark:
MSCI World SMID Cap Index (CAD)

Documents

Class A
08/28/2026
Class F
08/28/2026

Insights & Media

Monthly Commentary

Team

 David Barr, CFA
Chief Executive Officer and Portfolio Manager
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Teresa Lee
Head of Equity Research and Portfolio Manager
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Amar Pandya, CFA
Portfolio Manager
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Aman Budhwar, CFA
Portfolio Manager
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Laura Baker
Associate Client Portfolio Manager, Equities
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Sharon Wang
Senior Equity Analyst
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Tracy Tidy, CFA
Equity Analyst
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Ruben Gomez-Garcia
Equity Analyst
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HOW TO INVEST

For More Information

For Advisors

For Investors

Interested in the Pender Global Small/Mid Cap Opportunities Fund​? 

Please connect with your Financial Advisor to learn more about how this strategy may fit within your portfolio.

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