Inception Return
(6/1/2009)
|
15.52 %
|
|
YTD Return
|
19.40 %
|
|
NAVPS
(7/7/2026)
|
$44.46
|
|
Change
|
$0.68 / 1.55 %
|
|
|
Growth of $10,000
(As of May 31, 2026)
|
|
MER
|
2.61 %
|
|
Assets ($mil)
|
$485.45
|
|
Rank (1Yr)
|
5/48
|
|
Std Dev (3Yr)
|
16.42 %
|
|
Volatility Ranking (3Yr)
|
10/10
|
|
RRSP Eligibility
|
Yes
|
|
Load
|
Back Fee Only
|
|
Max Front End
|
5.00 %
|
|
Max Back End
|
-
|
|
Sales Status
|
Capped
|
|
|
Objective
The Fund invests in a concentrated portfolio of well-managed businesses, with strong competitive positions, which are overlooked by the market and have the potential for significant capital appreciation. These businesses may be in Canada, the United States or in other foreign jurisdictions with a primary emphasis on companies with a small market capitalization.
|
Fund Manager
PenderFund Capital Management Ltd.
Portfolio Manager
David Barr, PenderFund Capital Management Ltd.
Amar Pandya, PenderFund Capital Management Ltd.
Sub-Advisor
-
|
|
Asset Allocation
(As of May 31, 2026)
|
Sector Allocation
(As of May 31, 2026)
|
Geographic Allocation
(As of May 31, 2026)
|
Top 10 Holdings
| Name | Asset | Sector | Geographic | Percent |
| Kneat.com Inc | International Equity | Technology | European Union | 6.05% |
| GENERAL FUSION SAFE | US Equity | Other | United States | 4.40% |
| Kinaxis Inc | Canadian Equity | Technology | Canada | 4.39% |
| Vitalhub Corp | Canadian Equity | Healthcare | Canada | 4.36% |
| Tantalus Systems Holding Inc | Canadian Equity | Utilities | Canada | 4.11% |
| Zedcor Inc | Canadian Equity | Industrial Services | Canada | 3.81% |
| D2L Inc | Canadian Equity | Technology | Canada | 3.62% |
| Tecsys Inc | Canadian Equity | Technology | Canada | 3.49% |
| PAR Technology Corp | US Equity | Technology | United States | 3.13% |
| Sangoma Technologies Corp | Canadian Equity | Technology | Canada | 3.03% |
Performance Data
(As of May 31, 2026)
|
|
Return (%)
|
Annualized Return (%)
|
|
Return
|
1
Mth
|
3
Mth
|
6
Mth
|
YTD
|
1
Yr
|
3
Yr
|
5
Yr
|
10
Yr
|
|
Fund
|
3.59
|
9.71
|
24.88
|
19.40
|
33.86
|
27.88
|
8.63
|
13.26
|
|
Benchmark
|
3.98
|
2.27
|
21.70
|
20.19
|
57.43
|
27.96
|
14.11
|
11.78
|
|
Quartile Ranking
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
|
Calendar Return (%)
|
2025
|
2024
|
2023
|
2022
|
2021
|
2020
|
2019
|
2018
|
2017
|
2016
|
|
Fund
|
4.64
|
57.21
|
5.05
|
-29.26
|
24.71
|
46.34
|
19.23
|
-16.34
|
8.48
|
26.10
|
|
Benchmark
|
35.78
|
18.86
|
8.17
|
-10.51
|
18.74
|
12.92
|
17.42
|
-14.41
|
7.15
|
27.23
|
|
Quartile Ranking
|
4
|
1
|
3
|
4
|
1
|
1
|
3
|
4
|
3
|
1
|