Pender
Pender US Small Mid Cap Equity Fund
US Mid-cap
Jun 2025 → Jul 2026
Our archive holds 6 letters from this strategy, behind 5 investment theses and positions in 13 companies. Every quote below is copied verbatim from the letter it came from.
6 letters in 2 years · follow all of Pender for every strategy.
Performance
as of Jul 31, 2026 · net of fees · CAD · Class F
- 1Y+21.2%index +22.7%
Index: S&P 400 Mid Cap Index
| 1Y | |
|---|---|
| Pender US Small Mid Cap Equity Fund | +21.2% |
| S&P 400 Mid Cap Index | +22.7% |
Disclaimer
These figures are copied from the manager’s latest letter, as of Jul 31, 2026. They were extracted automatically, have not been verified by HF Best Ideas and may contain errors. They cover a single share class, in the currency and fee basis stated above; other share classes and your own returns will differ. This is not investment advice, nor an offer to buy or sell any fund. Past performance does not predict future returns.
Read full disclosures →Also held
Its investment theses
- AmazonJul 2026Amazon benefits from accelerating AWS growth, strong AI demand and long-lived data center economics that support future earnings compounding.
- Space Exploration Technology CorpJul 2026Space Exploration Technology Corp is scaling AI compute capacity rapidly, with management citing sub-one-year payback and improving economics on new agreements.
- International Flavors and FragrancesAug 2025International Flavors and Fragrances is repositioning for stronger growth and margin expansion through divestitures, R&D investment, and disciplined capital allocation, presenting a compelling value opportunity ahead of expected improvements in innovation and returns on capital.
- Deckers Outdoor CorporationJun 2025Deckers is a strong capital return company with potential for growth despite short-term challenges, trading at an attractive valuation.
- Modine ManufacturingJun 2025Modine Manufacturing is a thermal management systems provider focusing on high-growth data center cooling and indoor air quality, demonstrating strong execution and shareholder value creation under CEO Neil Brinker.