The Pender Small/Mid Cap Dividend Fund is designed to provide investors with a combination of long-term capital appreciation and a stable quarterly stream of cash distributions. The Fund will invest primarily in Canadian securities, with a focus on, but not limited to, dividend paying small/mid cap companies. Assets in the Fund may also be held in cash or other securities to the extent that the economic, market, or other conditions make it appropriate.
Visit the Pender Small Cap Hub for all of our latest news, information and articles.
Class | Fund Codes | Description | MER* | Minimum Investment: Initial/[Subsequent] |
A | PGF 1300 | Front End | 2.59% | $5,000 / [$100] |
F | PGF 1310 | Fee Based | 1.55% | $5,000 / [$100] |
H | PGF 1340 | Front End-HNW | 2.26% | $100,000 / [$100] |
I | PGF 1350 | Fee Based | 1.37% | $100,000 / [$100] |
*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.
Asset Class: Small/Mid Cap Equities |
Inception Date: January 31, 2020 |
Valuation Frequency: Daily |
Eligibility: Canada-wide, Registered Plans |
Distributions: Drip quarterly, cash optional |
Benchmark: S&P/TSX Composite Index |
Co- Manager: David Barr, CFA Co- Manager: Aman Budhwar, CFA |
For More Visit: Legal & Financial
Highlights Top contributors to the Fund were Computer Modeling Group Ltd. (TSX: CMG), a technology company in the oil and gas industry and Aecon Group Inc. (TSX: ARE), which provides construction and infrastructure development services to private and public sector clients globally. Detractors included Canacol Energy Ltd. (TSX: CNE), Colombia’s largest independent natural gas producer, and several energy holdings impacted by the decline in oil price. The Fund added three new positions: Ag Growth International Inc. (TSX: AFN), Aritzia Inc. (TSX: ATZ), and Jamieson Wellness Inc. (TSX: JWEL). Download the PDF. The fourth quarter was marked by the reversal of…
Standard Performance Data is subject to important disclosures set out in our Disclaimer
Mr. Barr is the CEO of Pender. He is also the Portfolio Manager of several of Pender’s funds.
Aman Budhwar joined Pender in February 2022 as an Associate Portfolio Manager.
Join our online community and receive a monthly round up of new blog posts, commentaries, podcasts, media coverage and more.