We create wealth management solutions by understanding your needs and your tolerance for risk and we create lasting relationships when there is a match between your long-term requirements and our ability to add value.
Our solutions are based on the advice we provide and the funds that we offer.
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.
Concentrated Strategy | US Growth Strategy | Canadian Growth Strategy | Canadian All Cap Strategy | International Growth Strategy | Global Equity Strategy | Dividend Growth Strategy | Canadian Balanced Strategy | Global Balanced Strategy | Corporate Bond Strategy | Canadian Bond Strategy | Money Market Fund | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Fixed Income | None | None | None | None | None | None | None | 30% | 30% | 100% | 100% | 100% |
Volatility | Higher | Moderate | Moderate | Moderate | Moderate | Moderate | Moderate | Lower | Lower | Low | Low | Low |
Risk Rating | High | Medium-High | Medium-High | Medium | Medium | Medium | Medium | Low-Medium | Low-Medium | Low | Low | Low |
Asset Class | Equities | Equities | Equities | Equities | Equities | Equities | Equities | Equities + Bond | Equities + Bond | Bonds | Bonds | Cash and cash equivalents |
Approach | Concentrated US Small/Mid Cap Growth Equities | Diversified US Small/Mid Cap Growth Equities | Diversified Canadian Small/Mid Cap Growth Equities | Diversified Canadian Large Growth | Diversified International Small/Mid Cap Growth Equities | Very Diversified Mix of Global Equities | Diversified Canadian Small/Mid Cap Dividend Paying Equities | Diversified Canadian Small/Mid Cap Dividend Paying Equities + Investment Grade Bonds | Very Diversified Balanced Mix of Global Equities + Canadian Corporate and Investment Grade Bonds | Diversified Canadian and Foreign Corporate Bonds | Diversified Investment Grade Government and Corporate Bonds | Canadian high quality, short-term debt securities |
Geography | US | US | Canada | Canada | Global Excluding US and Canada | Global | Canada | Canada | Global | Global with Canadian Focus | Global with Canadian Focus | Canada |
Style | Active | Active | Active | Active | Active | Active/Passive | Active | Active | Active/Passive | Active | Active | Active |
Current Yield * | 0.33% | 0.37% | 1.12% | 1.22% | 1.53% | 1.66% | 3.28% | 3.34% | 2.08% | 4.10% | 3.80% | 3.87% |
*as of September 30, 2024 |
MUTUAL FUNDS
There are eleven unique Pembroke funds available to create an investment portfolio that works for you. Click the fund names below to review the Performance Update and holdings review for each fund.
Fund | Description | Manager | Inception Date |
---|---|---|---|
Pembroke Money Market fund | Aims to maximize interest income while preserving capital by investing primarily in high quality, short-term Canadian government debt securities | Pembroke Management Ltd. | November 30, 1988 |
Pembroke Canadian Bond Fund | Pursues income and some capital growth by investing in Canadian government and corporate bonds, debentures and other instruments | Canso Investment Counsel Ltd. | November 30, 1988 |
Pembroke Corporate Bond Fund | Pursues opportunities in undervalued corporate bonds and other credit instruments, leveraging deep fundamental analysis and active management, while maintaining a disciplined approach to risk. | Canso Investment Counsel, Ltd. | January 1, 2009* |
Pembroke Canadian Balanced Fund | Pursues long-term growth and income by investing in equities, bonds and other marketable securities | Pembroke Management Ltd. | November 1, 2006 |
Pembroke Global Balanced Fund | Pursues 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 funds | Pembroke Management Ltd. | April 8, 2019 |
Pembroke Canadian All Cap Fund | High-quality Canadian growth stocks | Pembroke Management Ltd. | January 31, 2019 |
Pembroke Canadian Growth Fund | Pursues long-term growth through capital appreciation by investing in small to mid-sized Canadian companies | Pembroke Management Ltd. | November 30, 1988 |
Pembroke American Growth Fund Inc. (CAD) | Pursues long-term growth through capital appreciation by investing in small cap US companies | Pembroke Management Ltd. | October 1, 1988 |
Pembroke International Growth Fund - Class A | Pursues long-term growth through capital appreciation by investing in small to mid-sized foreign companies located outside of the United States | William Blair Investment Management, LLC | October 31, 1999 |
Pembroke Concentrated Fund - Class A | High-quality American and Canadian growth stocks | Pembroke Management Ltd | January 31, 2018 |
Pembroke Dividend Growth Fund | High-quality, dividend-paying Canadian growth stocks | Pembroke Management Ltd. | January 3, 2012** |
** From January 3, 2012 to May 9, 2023, units of the Fund were distributed pursuant to an exemption from the prospectus requirement.
For copies of the Pembroke Pooled Funds’ audited financial statements, please contact your Pembroke representative. Pembroke offers pooled funds to accredited investors only.
POOLED FUNDS
Policy, Compliance and Registration
FUND | DESCRIPTION | MANAGER | INCEPTION DATE |
---|---|---|---|
Pembroke Canadian Growth Pooled Fund | High-quality Canadian growth stocks | Pembroke Management Ltd. | February 29, 2007 |
Pembroke U.S. Growth Pooled Fund | High-quality American growth stocks | Pembroke Management Ltd. | December 31, 1999 |
Pembroke Global Equity Pooled Fund | High quality global growth stocks and units of equity exchange traded funds. | Pembroke Management Ltd. | March 25, 2021 |
Pembroke Genesis Pooled Fund-Class A | Pursues long-term growth through capital appreciation by investing in a concentrated portfolio of predominantly Canadian micro-cap and small-cap companies | Pembroke Management Ltd. | May 31, 2023 |
Pembroke Global Growth Pooled Fund | High quality global growth stocks and units of equity exchange traded funds. | Pembroke Management Ltd. | January 2, 2024 |
FUND PRICES
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 November 30, 2024FUNDS | 3 MONTHS | YTD | 1 YEAR | 3 YEARS | 5 YEARS | 10 YEARS | 20 YEARS | ||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Pembroke Money Market Fund | 1.00% | 3.72% | 4.50% | 3.31% | 2.14% | 1.35% | 1.25% | ||||||
Pembroke Canadian Bond Fund | 3.34% | 5.91% | 9.24% | 1.36% | 1.47% | 2.03% | 3.52% | ||||||
Pembroke Corporate Bond Fund | 3.33% | 8.45% | 10.76% | 4.23% | 8.57% | 6.24% | n/a | ||||||
Pembroke Canadian Balanced Fund2 | 7.31% | 17.07% | 21.24% | 6.82% | 7.65% | 6.33% | n/a | ||||||
Pembroke Global Balanced Fund | 7.19% | 19.16% | 22.92% | 7.31% | 10.39% | n/a | n/a | ||||||
Pembroke-Canadian-All-Cap-Fund | 10.33% | 30.90% | 34.81% | 14.11% | n/a | n/a | n/a | ||||||
Pembroke Canadian Growth Fund | 6.16% | 20.60% | 26.11% | 3.32% | 10.32% | 6.35% | 7.55% | ||||||
Pembroke American Growth Fund Inc. (CAD) | 13.03% | 24.76% | 35.67% | 2.92% | 11.10% | 9.38% | 8.26% | ||||||
Pembroke American Growth Fund Inc.(USD) | 8.80% | 17.50% | 31.38% | (0.13%) | 9.94% | 7.20% | 7.53% | ||||||
Pembroke International Growth Fund -Class A | 1.00% | 9.16% | 14.22% | (3.15%) | 5.60% | 7.67% | 7.71% | ||||||
Pembroke Concentrated Fund - Class A(CAD) 2 | 10.80% | 24.42% | 37.95% | 5.45% | 12.02% | n/a | n/a | ||||||
Pembroke Concentrated Fund - Class A (US)2 | 6.68% | 17.22% | 33.72% | 2.33% | 10.83% | n/a | n/a | ||||||
Pembroke Dividend Growth Fund* | 9.50% | 25.78% | 31.43% | 13.96% | 16.07% | 10.71% | n/a |
Performance is reported in Canadian dollars except where noted and net of transaction costs and net of all other fees, excluding management fees. Management fees are charged directly to securityholders based on their assets under management. Periods greater than one year have been annualized. Index returns do not incur management fees or operating expenses. The indicated rates of return are the historical annual compounded total returns including changes in unit value, reinvestment of all distributions and do not take into account sales charges or income taxes payable by any securityholder that would have reduced returns. The performance for the portfolio and benchmark index are measured using the “time weighted” rate of return methodology.
1 – Pembroke Canadian All Cap Pooled Fund was launched January 1, 2020 and made available to retail investors on March 25, 2021. This Fund was converted from a pooled fund to a mutual fund on April 29, 2022. For the period this Fund was a pooled fund, the expenses would have been higher if the Fund was a prospectus mutual fund.
2 – From January 31, 2018 until April 1, 2020, Class A units of the Pembroke Concentrated Fund were distributed pursuant to an exemption from the prospectus requirement.
3 – Pembroke Global Equity Pooled Fund was launched on March 25, 2021.
4 – On March 25, 2021, Pembroke Growth and Income Fund was renamed Pembroke Canadian Balanced Fund.
5 – Pembroke Genesis Pooled Fund was launched on January 31, 2022.
*Effective May 9, 2023 this fund was converted to a mutual fund.
Disclaimer: Commissions, management fees and expenses all may be associated with mutual and pooled fund investments. Please read the prospectus and/or offering documents before investing. Mutual and pooled funds are not guaranteed, their values change frequently and past performance may not be repeated. Effective January 1, 2018, all fund performance is reported net of transaction costs and all other expenses, excluding management fees and applicable taxes. Prior to January 1, 2018, with the exception of the Pembroke Corporate Bond Fund, mutual fund performance was reported net of transaction costs and all other expenses, including management fees and applicable taxes. Source: Pembroke Management Ltd.
FUND | 3 MTH | YTD | 1 YR | 3 YRS | 5 YRS | 10 YRS | 20 YRS |
---|---|---|---|---|---|---|---|
Pembroke Canadian Growth Pooled Fund* | 6.17% | 20.69% | 26.19% | 3.14% | 10.16% | 6.94% | n/a |
Pembroke U.S. Growth Pooled Fund* | 13.59% | 25.89% | 37.44% | 3.44% | 11.79% | 10.60% | 10.46% |
Pembroke U.S. Growth Pooled Fund(USD)* | 9.34% | 18.56% | 33.09% | 0.38% | 10.63% | 8.39% | 9.71% |
Pembroke Global EquityPooled Fund*3 | 8.26% | 22.36% | 26.85% | 7.86% | n/a | n/a | n/a |
Pembroke Genesis Pooled Fund - Class A | 9.36% | 39.18% | 44.14% | n/a | n/a | n/a | n/a |
Pembroke Global Growth Pooled Fund< | x.xx% | xx.xx% | n/a | n/a | n/a | n/a | n/a |
Pembroke Genesis Pooled Fund - Founders' Class | 11.17% | 49.75% | 56.42% | n/a | n/a | n/a | n/a |
1 – Pembroke Canadian All Cap Pooled Fund was launched January 1, 2020 and made available to retail investors on March 25, 2021.
2 – From January 31, 2018 until April 1, 2020, Class A units of the Pembroke Concentrated Fund were distributed pursuant to an exemption from the prospectus requirement.
3 – Pembroke Global Equity Pooled Fund was launched on March 25, 2021.
4 – On March 25, 2021, Pembroke Growth and Income Fund was renamed Pembroke Canadian Balanced Fund.
*Pembroke Pooled Funds are prospectus-exempt products that are offered to investors who meet the definition of an “accredited investor” under securities legislation. Disclaimer: Commissions, management fees and expenses all may be associated with mutual and pooled fund investments. Please read the prospectus and/or offering documents before investing. Mutual and pooled funds are not guaranteed, their values change frequently and past performance may not be repeated. Effective January 1, 2018, all fund performance is reported net of transaction costs and all other expenses, excluding management fees and applicable taxes. Prior to January 1, 2018, with the exception of the Pembroke Corporate Bond Fund, mutual fund performance was reported net of transaction costs and all other expenses, including management fees and applicable taxes. Source: Pembroke Management Ltd.
Annual Change (%)
FUND | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
---|---|---|---|---|---|---|---|---|---|---|
Pembroke Money Market Fund | 4.56 | 1.63 | 0.14 | 0.54 | 1.32 | 1.28 | 0.32 | 0.01 | 0.05 | 0.15 |
Pembroke Canadian Bond Fund | 7.21 | (9.41) | (1.78) | 6.99 | 5.55 | 1.52 | 1.52 | 1.05 | 2.57 | 7.06 |
Pembroke Corporate Bond Fund | 9.29 | (5.36) | 8.51 | 22.49 | 6.20 | 1.39 | 4.09 | 7.81 | 1.20 | 8.71 |
Pembroke Canadian Balanced Fund | 14.47 | (5.32) | 13.15 | 18.41 | 15.78 | (11.37) | 11.38 | 15.22 | (7.45) | 3.31 |
Pembroke Global Balanced Fund | 13.04 | (10.17) | 13.44 | 19.03 | n/a | n/a | n/a | n/a | n/a | n/a |
Pembroke American Growth Fund Inc.(CAD) | 12.35 | (21.56) | 22.88 | 27.77 | 14.64 | 7.87 | 7.97 | 0.97 | 3.38 | 0.83 |
Pembroke Canadian All Cap Fund | 18.70 | (7.46) | 19.61 | 19.13 | n/a | n/a | n/a | n/a | n/a | n/a |
Pembroke Canadian Growth Fund | 11.40 | (20.00) | 17.64 | 28.69 | 26.53 | (19.34) | 11.17 | 7.22 | (2.63) | 2.45 |
Pembroke American Growth Fund Inc. (USD) | 15.40 | (26.57) | 23.41 | 30.34 | 20.42 | (0.80) | 15.56 | 4.07 | (13.34) | (7.55) |
Pembroke International Growth Fund - Class A | 13.73 | (27.69) | 11.18 | 28.55 | 27.77 | (14.73) | 24.19 | (8.76) | 32.01 | (0.08) |
Pembroke Concentrated Fund - Class A(CDN) | 15.48 | (19.07) | 14.62 | 37.05 | 25.7 | 15.73 | n/a | n/a | n/a | n/a |
Pembroke Concentrated Fund - Class A(US) | 18.35 | (24.31) | 15.51 | 39.30 | n/a | n/a | n/a | n/a | n/a | n/a |
Pembroke Dividend Growth Fund | 17.75 | (3.33) | 19.45 | 23.05 | 20.55 | (15.62) | 17.22 | 23.47 | (9.81) | 3.10 |
1 – The Pembroke Global Balanced Fund was launched April 8th, 2019.
2 – 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.
3 – The Pembroke Genesis Pooled Fund – Founders’ Class was launched on January 31, 2022
4 – The Pembroke Genesis Pooled Fund – Class A was launched on May 31, 2023
*Effective May 9, 2023 this fund was converted to a mutual fund.
FUND | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
---|---|---|---|---|---|---|---|---|---|---|---|
Pembroke Canadian Growth Pooled Fund | 11.33 | (20.38) | 17.38 | 28.67 | 26.25 | (18.62) | 13.04 | 9.04 | (0.56) | 4.49 | 35.32 |
Pembroke U.S. Growth Pooled Fund (CAD) | 13.81 | (22.07) | 23.33 | 29.47 | 15.32 | 8.07 | 10.74 | 3.28 | 5.71 | 2.82 | 46.56 |
Pembroke U.S. Growth Pooled Fund (USD) | 16.90 | (27.05) | 23.86 | 32.07 | 21.13 | (0.62) | 18.52 | 6.46 | (11.44) | (5.73) | 37.10 |
Pembroke Global Equity Pooled Fund | 15.27 | (13.52) | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a |
Pembroke Genesis Pooled Fund - Class A*4 | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a |
Pembroke Genesis Pooled Fund - Founders' Class*3 | 20.24 | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a |
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 security holders based on their assets under management.
DOCUMENTS & REPORTS
- Financial Statements
- Fund Facts
- Independent Review Committee Reports
- Management Report of Fund Performance (MRFP)
- Policy Documents
- Proxy Voting
- Quarterly Portfolio Disclosure Q3 2024
- Simplified Prospectus – May 9, 2024
- Simplified Prospectus, Amendmend no 1 – January 29, 2024