Inception Return
(6/1/2009)
|
14.21 %
|
|
YTD Return
|
-10.94 %
|
|
NAVPS
(5/16/2025)
|
$37.01
|
|
Change
|
$0.12 / 0.31 %
|
|
|
Growth of $10,000
(As of April 30, 2025)
|
|
MER
|
2.63 %
|
|
Assets ($mil)
|
$358.38
|
|
Rank (1Yr)
|
4/48
|
|
Std Dev (3Yr)
|
27.34 %
|
|
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.
Sub-Advisor
-
|
|
Asset Allocation
(As of April 30, 2025)
|
Sector Allocation
(As of April 30, 2025)
|
Geographic Allocation
(As of April 30, 2025)
|
Top 10 Holdings
| Name | Asset | Sector | Geographic | Percent |
| Kraken Robotics Inc | Canadian Equity | Industrial Goods | Canada | 4.59% |
| TerraVest Industries Inc | Canadian Equity | Energy | Canada | 4.54% |
| Sylogist Ltd | Canadian Equity | Technology | Canada | 4.18% |
| Sangoma Technologies Corp | Canadian Equity | Technology | Canada | 4.09% |
| dentalcorp Holdings Ltd | Canadian Equity | Healthcare | Canada | 4.03% |
| MDA Ltd | Canadian Equity | Industrial Goods | Canada | 3.83% |
| Kinaxis Inc | Canadian Equity | Technology | Canada | 3.76% |
| Kneat.com Inc | International Equity | Technology | European Union | 3.66% |
| Vitalhub Corp | Canadian Equity | Healthcare | Canada | 3.62% |
| PAR Technology Corp | US Equity | Technology | United States | 3.57% |
Performance Data
(As of April 30, 2025)
|
|
Return (%)
|
Annualized Return (%)
|
|
Return
|
1
Mth
|
3
Mth
|
6
Mth
|
YTD
|
1
Yr
|
3
Yr
|
5
Yr
|
10
Yr
|
|
Fund
|
1.19
|
-9.57
|
-2.81
|
-10.94
|
20.25
|
7.13
|
20.32
|
8.95
|
|
Benchmark
|
-2.24
|
-4.70
|
-2.15
|
-2.82
|
8.17
|
5.11
|
13.27
|
6.33
|
|
Quartile Ranking
|
1
|
4
|
2
|
4
|
1
|
2
|
1
|
1
|
|
Calendar Return (%)
|
2024
|
2023
|
2022
|
2021
|
2020
|
2019
|
2018
|
2017
|
2016
|
2015
|
|
Fund
|
57.21
|
5.05
|
-29.26
|
24.71
|
46.34
|
19.23
|
-16.34
|
8.48
|
26.10
|
6.63
|
|
Benchmark
|
18.86
|
8.17
|
-10.51
|
18.74
|
12.92
|
17.42
|
-14.41
|
7.15
|
27.23
|
-3.54
|
|
Quartile Ranking
|
1
|
3
|
4
|
1
|
1
|
3
|
4
|
3
|
1
|
2
|