Pender Small Cap Opportunities Fund
Classes B and G of the Pender Small Cap Opportunities Fund are currently open to retail investors.
The Pender Small Cap Opportunities Fund is an opportunistic, concentrated portfolio. The Fund is focused on undervalued small and microcap companies with strong underlying economics, predominantly in Canada. The manager often seeks out special situations, and has a track record of identifying catalysts, where market-leading companies have been acquired. After deep fundamental analysis these businesses are purchased at a discount to our estimate of intrinsic value.
Visit the Pender Small Cap Hub for all of our latest news, information and articles.
Since Inception returns are from June 2009. All returns greater than a year are annual compounded returns.
Standard Performance Data is subject to important disclosures set out in our Disclaimer.Performance (%) - 2024-06-28 1 Mo. 3 Mo. 6 Mo. 1 Yr. 2 Yr. 3 Yr. 5 Yr. 10 Yr. YTD Since Inception Inception Date A 4.8 4.3 23.7 28.3 13.8 -3.1 11.7 10.8 23.7 14.1 2009-06-01 F 4.9 4.6 24.4 29.7 15.0 -2.1 12.9 12.0 24.4 15.2 2009-06-01 Annual Performance (%) 2016 2017 2018 2019 2020 2021 2022 2023 YTD A 26.1 8.5 -16.3 19.2 46.3 24.7 -29.3 5.0 23.7 F 27.4 9.6 -15.4 20.3 47.8 26.0 -28.5 6.2 24.4
Class Fund Codes Description MER* before performance fee MER* Min. Investment: Initial/[Subsequent] Performance Fee A PGF 315 Front End 2.64% 2.64% Closed to new purchases – F PGF 320 Fee Based 1.59% 1.59% Closed to new purchases – B PGF 380 Front End 2.64% 2.64% $5,000 / [$100] 20% of excess of total return over benchmark
return, subject to a high water markG PGF 390 Fee Based 1.59% 1.59% $5,000 / [$100] 20% of excess of total return over benchmark
return, subject to a high water mark*As at 2023-12-31. 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.
Asset Class: Small Cap Equity Inception Date: June 1, 2009 Valuation Frequency: Weekly Eligibility: Canada-wide, Registered Plans Distributions: DRIP annually, cash optional Benchmark: S&P/TSX Composite Index Portfolio Manager: David Barr, CFA. Know Your Product
Monthly
- Pender Small Cap Opportunities Fund – Profile Sheet – CAD – Class F
- Pender Small Cap Opportunities Fund – Profile Sheet – CAD – Class A
- Pender Small Cap Opportunities Fund – Profile Sheet – CAD – Class B
- Pender Small Cap Opportunities Fund – Profile Sheet – CAD – Class G
Annual (POS)
- Pender Small Cap Opportunities Fund – Fund Facts – CAD – Class A
- Pender Small Cap Opportunities Fund – Fund Facts – CAD – Class F
- Pender Small Cap Opportunities Fund – Fund Facts – CAD – Class I
- Pender Small Cap Opportunities Fund – Fund Facts – CAD – Class B
- Pender Small Cap Opportunities Fund – Fund Facts – CAD – Class G
For More Visit: Legal & Financial
The Latest
Small Cap Equity – Q1 2024
Highlights The Fund generated excess returns mainly driven by company-specific performance. Rotation into high quality growth companies is now complete. The Fund exited several smaller positions and created new positions in a Canadian SaaS firm and select U.S.-based companies in the cannabis sector. Download the PDF. Fund Performance What a way to start the year! Our Fund had a very strong quarter, up 18.9%[1] compared to the S&P/TSX Composite Index that was up 6.6%, and small cap markets in Canada and the US that were up 7.9% and 7.5% as measured by the S&P/TSX Small Cap Index and the Russell…
David Barr
CEO & Portfolio Manager
Mr. Barr is the CEO of Pender. He is also the Portfolio Manager of several of Pender’s funds.
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