Equity
The Pender US Small/Mid Cap Equity Fund launched in November 2024, to provide investors with access to what we believe is a compelling opportunity set.
Managed by Aman Budhwar the Fund invests in small/mid-cap companies with a sustainable competitive advantage, ability to reinvest capital at high rates of return that are positioned to benefit from growth tailwinds.
MER was NIL as at December 31, 2025 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.
| Class | 1 Mo. | 3 Mo. | 6 Mo. | 1 Yr. | 3 Yr. | 5 Yr. | 10 Yr. | 15 Yr. | Since Inception |
|---|---|---|---|---|---|---|---|---|---|
| A | -4.1% | 5.3% | 6.0% | 21.1% | 12.3% | ||||
| F | -4.1% | 5.3% | 6.0% | 21.2% | 12.3% |
| # | Security Name | Fund (%) |
|---|---|---|
| 1 | StandardAero, Inc. | 4.5 |
| 2 | Dollar Tree, Inc. | 3.9 |
| 3 | Jabil Inc. | 3.5 |
| 4 | Generac Holdings Inc. | 3.3 |
| 5 | VeriSign, Inc. | 3.3 |
| 6 | Addus HomeCare Corporation | 3.2 |
| 7 | Copart, Inc. | 3.1 |
| 8 | Mercury General Corporation | 3.1 |
| 9 | The Estée Lauder Companies Inc. | 3.1 |
| 10 | Maplebear Inc. | 3.0 |
| Total Percentage of Top 10 Holdings | 34.00 | |
| Total Net Assets of Fund | $1,999,619 | |
| Code | Class | Description | MER | Trailer | Min. Investment Initial/[Subsequent] |
|---|---|---|---|---|---|
| PGF 1800 | A | Front End | 1.00 | $500/[$] | |
| PGF 1810 | F | Fee Based | $500/[$] |
MER was NIL as at 31-12-2025 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.
Highlights Molina Healthcare, Inc. (MOH) and Antero Resources Corporation (AR) were top contributors while DigitalBridge Group, Inc. (DBRG) was a top detractor to performance. Initiated new position in Mercury General Corporation (MCY) and The Cooper Companies, Inc. (COO). The S&P MidCap 400 Index posted total returns of -5.47% for the month of March 2025, outperforming […]
Highlights Brookfield Business Partners (NYSE: BBU) and Fidelity National Financial, Inc. (NYSE: FNF) were top contributors while Fluor Corporation (NYSE: FLR) was once again a detractor to performance. Initiated a new position in Euronet Worldwide, Inc. (NYSE: EEFT) and Monolithic Power Systems, Inc. (NYSE: MPWR). The S&P MidCap 400 Index posted total returns of -4.35% […]
Highlights Genpact Ltd. (NYSE: G) and Webster Financial Corporation (NYSE: WBS) were top contributors while Harmonic Inc. (Nasdaq: HLIT) and Fluor Corporation (NYSE: FLR) were detractors to performance. Initiated a new position in Tidewater, Inc. (NYSE: TDW). The S&P MidCap 400 Index posted total returns of 3.85% for January 2025, outperforming its large cap peer […]
"*" indicates required fields
