OUR PRODUCTS

Pembroke’s range of funds allows you to diversify your investments by geography and asset type. The fund documents on this page provide detailed information about each fund. The fund performance tables demonstrate how, especially over shorter periods of time, investment performance can vary between asset classes, regions and funds. Diversification across more than one fund can lower the volatility of returns and is an important component of most clients’ investment plans.

MUTUAL FUNDS

There are eight unique GBC funds available to create an investment portfolio that works for you. Review the Performance Update and holdings review for each fund.

FundDescriptionManagerInception Date
GBC American GrowthPursues long-term growth through capital appreciation by investing in small cap US companiesPembroke Management Ltd.October 1, 1988
GBC Canadian BondPursues income and some capital growth by investing in Canadian government and corporate bonds, debentures and other instrumentsCanso Investment Counsel Ltd.November 30, 1988
GBC Canadian GrowthPursues long-term growth through capital appreciation by investing in small to mid-sized Canadian companiesPembroke Management Ltd.November 30, 1988
GBC Corporate BondHigh-quality Canadian and foreign Corporate bondsCanso Investment Counsel, Ltd.April 8, 2019*
GBC Global BalancedPursues long-term capital growth and income through the diversification of assets, geographies and market capitalization in investing primarily in units of public equity funds and units of fixed income funds including units of equity exchange traded fundsPembroke Management Ltd.April 8, 2019**
GBC Growth and IncomePursues long-term growth and income by investing in equities, bonds and other marketable securitiesPembroke Management Ltd.November 1, 2006
GBC International GrowthPursues long-term growth through capital appreciation by investing in small to mid-sized foreign companies located outside of the United StatesWilliam Blair Investment Management, LLCOctober 31, 1999
GBC Money MarketAims to maximize interest income while preserving capital by investing primarily in high quality, short-term Canadian government debt securitiesPembroke Management Ltd.November 30, 1988
*From January 1, 2009 until the date the Fund started, units of the Fund were distributed pursuant to an exemption from the prospectus requirement. Click here to see copies of the fund’s historical financial statements. For copies of the Pembroke Pooled Funds’ audited financial statements, please contact your Pembroke representative. Pembroke offers pooled funds to accredited investors only. 
**From January 1, 2018 until the date the Fund started, units of the Fund were distributed pursuant to an exemption from the prospectus requirement.

POOLED FUNDS

Pembroke offers pooled funds to accredited investors only. Click here to see information on our pooled fund offering.

Policy, Compliance and Registration

FUNDDESCRIPTIONMANAGERINCEPTION DATE
Pembroke Canadian GrowthHigh-quality Canadian growth stocksPembroke Management Ltd.February 29, 2007
Pembroke U.S. GrowthHigh-quality American growth stocksPembroke Management Ltd.December 31, 1999
Pembroke Concentrated FundHigh-quality American and Canadian growth stocksPembroke Management LtdJanuary 31, 2018
Pembroke Dividend GrowthHigh-quality, dividend-paying Canadian growth stocksPembroke Management Ltd.January 3, 2012

FUND PRICES

FUNDLAST
PRICE
2019-10-15
PREVIOUS
PRICE
2019-10-08
LAST MONTH
END PRICE
2019-09-30
LAST QUARTER
END PRICE
2019-09-30
LAST YEAR
END PRICE
2018-12-31
LAST QUARTER
END DISTRIBUTIONS
2019-09-30
GBC American Growth (CAD)$37.9402

$36.7623
$37.5418$37.5418$34.1399
GBC American Growth (USD)$28.7186

$27.5931
$28.3484$28.3484$25.0256
GBC Canadian Bond$12.8875
$13.0570
$12.9967$12.9967$12.5884$0.107820
GBC Canadian Growth$65.1811

$63.6954
$65.3686$65.3686$54.8244$0.821521
(2018-12-31)
GBC Corporate Bond$12.6969
$12.7166
$12.6980
$12.6980
$12.4988$0.118290
GBC Global Balanced$10.3240$10.1788
$10.2831
$10.2831
$ 9.1938$0.175873
(2018-12-31)
GBC Growth and Income$13.1249
$13.0688
$13.1423
$13.1423
$11.9479$0.1215660
GBC International Growth$27.4934
$26.7935
$26.7642$26.7642$23.4039$1.607039
(2018-12-31)
See the complete mutual fund price and distribution history.

FUNDLAST
PRICE
2019-10-15
PREVIOUS
PRICE
2019-10-08
LAST MONTH
END PRICE
2019-09-30
LAST QUARTER
END PRICE
2019-09-30
LAST YEAR
END PRICE
2018-12-31
LAST QUARTER
END DISTRIBUTIONS
2019-09-30
Pembroke Canadian Growth$16.5603



$16.1881
$16.6074$16.6074$13.9498$0.224378
(2018-12-31)
Pembroke U.S. Growth (CAD) $21.1041



$20.4151

$20.8728$20.8728$18.9047$1.596052
(2018-12-31)
Pembroke U.S. Growth (USD) $15.9746



$15.3232

$15.7614$15.7614$13.8577$1.169954
(2018-12-31)
Pembroke Concentrated Fund$12.3686

$11.9825

$12.2211$12.2211$10.2559$0.310900
(2018-12-31)
Pembroke Dividend Growth $15.9937

$15.8199
$15.9514
$15.9514$14.1019$0.160602
See the complete Pembroke pooled funds distribution history.

We determine the net asset value of each fund in Canadian dollars weekly as at the close of business on each Tuesday, or, if any such Tuesday is not a business day, then on the next business day immediately succeeding it, and on the last business day of each month. The valuation date ends at the earlier of 4 p.m. Eastern Time or the end of a trading day on the Toronto Stock Exchange. Any purchase, switch, or redemption instruction received at or after the end of a valuation date will be processed on the next valuation date.

Please note that since January 31, 2018 our mutual fund prices have been published gross of management fees. If you have any further questions or concerns please contact your Pembroke representative.

FUND PERFORMANCE

Compound Annual Growth Rates (%)

As of September 2019

FUND3 MTHYTD1 YR3 YRS5 YRS10 YRS20 YRS
GBC American Growth (CAD)-3.849.96-7.069.996.5211.605.47
GBC American Growth (USD)-4.9713.28-9.159.643.019.256.02
GBC Canadian Bond1.155.847.182.242.864.074.95
GBC Canadian Growth0.4319.23-2.642.460.878.697.00
GBC Corporate Bond0.934.413.773.794.127.09n/a*
GBC Global Balanced1.092.18n/a*n/a*n/a*n/a*n/a*
GBC Growth and Income2.2312.722.183.823.048.57n/a
GBC International Growth-0.0714.36-0.754.648.379.255.04

The GBC Global Balanced Fund was launched April 8th, 2019.

The Pembroke Corporate Bond Fund was converted from a pooled fund to a mutual fund and renamed The GBC Corporate Bond Fund on April 8th, 2019. The annual Financial Statements of the Fund while a pooled fund are available on our website or upon request, please contact your Pembroke representative. Please note, for the period this Fund was a pooled fund, the expenses would have been higher if the Fund was a prospectus mutual fund.

 

FUND3 MTHYTD1 YR3 YRS5 YRS10 YRS20 YRS
Pembroke Canadian Growth0.3119.05-2.193.402.3010.29n/a
Pembroke U.S. Growth-3.9510.41-7.0711.418.3113.72n/a
Pembroke U.S. Growth (USD)-5.0813.74-9.1611.064.7311.33n/a
Pembroke Concentrated Fund -3.6219.162.36n/an/an/an/a
Pembroke Dividend Growth2.7616.040.395.384.34n/an/a

Annual Change (%)

FUND20182017201620152014201320122011201020092008
GBC American Growth (CAD)7.877.970.97 3.380.8344.438.556.7524.7615.44(26.15)
GBC American Growth (USD)(0.80)15.564.07(13.34)(7.55)35.1010.954.4230.8434.82(39.91)
GBC Canadian Bond1.521.521.052.577.060.605.76 6.607.678.344.83
GBC Canadian Growth(19.34)11.177.22(2.63)2.4533.3116.89(6.51)27.8435.59(39.37)
GBC Corporate Bond1.394.097.811.208.718.7517.133.1213.1322.04n/a*
GBC Global Balancedn/a*n/a*n/a*n/a*n/a*n/a*n/a*n/a*n/a*n/a*n/a*
GBC Growth and Income(11.37)11.3815.22(7.45)3.3121.6216.856.1717.1720.86(25.50)
GBC International Growth(14.73)24.19(8.76)32.01(0.08)33.1116.42(11.12)18.3034.13(41.70)

The GBC Global Balanced Fund was launched April 8th, 2019.

The Pembroke Corporate Bond Fund was converted from a pooled fund to a mutual fund and renamed The GBC Corporate Bond Fund on April 8th, 2019. The annual Financial Statements of the Fund while a pooled fund are available on our website or upon request, please contact your Pembroke representative. Please note, for the period this Fund was a pooled fund, the expenses would have been higher if the Fund was a prospectus mutual fund.

FUND20182017201620152014201320122011201020092008
Pembroke Canadian Growth(18.62)13.049.04(0.56)4.4935.3218.12(4.38)29.7342.51
Pembroke U.S. Growth (CAD)8.0710.743.285.712.8246.5610.099.0028.7218.59(11.79)
Pembroke U.S. Growth (USD)(0.62)18.526.46(11.44)(5.73)37.1012.546.6036.0237.43(28.20)
Pembroke Concentrated Fund15.23
Pembroke Dividend Growth(15.62)17.2223.47(9.81)3.1033.7820.45

All funds are offered for sale solely to residents of Canada.
Commissions, management fees, and expenses all may be associated with mutual fund investments. Please read the prospectus before investing. The indicated rates of return are the historical annual compounded total returns including changes in unit value and reinvestment of all distributions, and do not take into account sales charges or income taxes payable by any security holder that would have reduced returns. Such funds are not guaranteed, their values change frequently, and past performance may not be repeated.
Effective January 1st, 2018, all fund performance is reported net of transaction costs and all other expenses, excluding management fees and applicable taxes. Prior to January 1st, 2018, mutual fund performance was reported net of transaction costs and all other expenses, including management fees and applicable taxes. Management fees are charged directly to securityholders based on their assets under management. 

DOCUMENTS & REPORTS