The Pender Partners Fund is offered privately under an Offering Memorandum, pursuant to prospectus exemptions. It is an equity fund comprising a portfolio of securities which we believe have the potential for long term capital appreciation, regardless of market cap or geographical constraints. The objective of the Fund is to achieve capital growth over the long-term for unitholders, while being sufficiently diversified to mitigate volatility.
| Class | 1 Mo. | 3 Mo. | 6 Mo. | 1 Yr. | 3 Yr. | 5 Yr. | 10 Yr. | 15 Yr. | Since Inception |
|---|---|---|---|---|---|---|---|---|---|
| A | 2.1 | 1.3 | 6.1 | 4.3 | 14.2 | 4.3 | -0.5 | 2.4 | 3.5 |
| F2 | 2.2 | 1.6 | 6.7 | 5.4 | 15.4 | 5.4 | 0.4 | 3.4 | 5.6 |
| I | 2.2 | 1.6 | 6.8 | 5.6 | 15.6 | 5.6 | 4.8 |
| Class | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | YTD |
|---|---|---|---|---|---|---|---|---|---|---|
| A | 4.8 | -37.1 | -11.9 | -0.3 | 15.1 | -28.0 | 6.1 | 34.6 | 4.3 | 4.3 |
| F2 | 5.6 | -36.4 | -11.1 | 0.7 | 16.3 | -27.3 | 7.2 | 36.0 | 5.4 | 5.4 |
| I | 0.9 | 16.5 | -27.1 | 7.4 | 36.3 | 5.6 | 5.6 |
| Pender Small Cap Opportunities Fund | 29.3 |
| Purpose USD Cash Management Fund | 7.8 |
| NexGen Energy Ltd. | 5.2 |
| Webster Financial Corporation | 4.9 |
| Brookfield Corporation | 4.3 |
| Hexcel Corporation | 4.2 |
| Mercer Park Opportunities Corp. | 3.8 |
| Jabil Inc. | 3.6 |
| Ero Copper Corp. | 3.6 |
| Onex Corporation | 3.4 |
| Total Percentage of Top 10 Holdings | 70.10 |
| Total Net Assets of Fund | $9,178,849 |
| Code | Class | Description | MER | Trailer | Min. Investment Initial/[Subsequent] |
|---|---|---|---|---|---|
| PGF 1100 | A | Front End | 2.47 | 1.00 | $25,000/[$10,000] |
| PGF 1113 | F2 | Fee Based | 1.41 | $25,000/[$10,000] | |
| PGF 1150 | I | Fee Based - HNW | 1.25 | $100,000/[$10,000] |
As at 31-12-2024. 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.
The Pender Partners Fund gained 1.5% in October and 4.5% YTD. The Fund’s all-cap mandate provides the flexibility to capture opportunities across market segments and geographies. As of quarter end, the portfolio comprised of 35 holdings with a 44.8% exposure to US equities and 42.1% exposure to Canadian equities. Top holdings are within Industrials, Technology […]
Market Environment Equity markets extended their gains in September, with major global indices reaching record highs despite ongoing macro and geopolitical uncertainty. In Canada, both large- and small-cap indices posted impressive returns — the S&P/TSX Composite rose 5.4% and the S&P/TSX Small Cap Index gained 9.0% — while in the US, the Russell 2000 advanced […]
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