Inception Return
(6/1/2009)
|
15.00 %
|
|
YTD Return
|
6.70 %
|
|
NAVPS
(11/14/2025)
|
$39.12
|
|
Change
|
($0.06) / -0.17 %
|
|
|
Growth of $10,000
(As of October 31, 2025)
|
|
MER
|
2.63 %
|
|
Assets ($mil)
|
-
|
|
Rank (1Yr)
|
10/48
|
|
Std Dev (3Yr)
|
27.34 %
|
|
Volatility Ranking (3Yr)
|
9/10
|
|
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 October 31, 2025)
|
Sector Allocation
(As of October 31, 2025)
|
Geographic Allocation
(As of October 31, 2025)
|
Top 10 Holdings
| Name | Asset | Sector | Geographic | Percent |
| Zedcor Inc | Canadian Equity | Industrial Services | Canada | 4.59% |
| Tantalus Systems Holding Inc | Canadian Equity | Utilities | Canada | 4.55% |
| Coveo Solutions Inc | Canadian Equity | Technology | Canada | 4.27% |
| PAR Technology Corp | US Equity | Technology | United States | 3.84% |
| Kraken Robotics Inc | Canadian Equity | Industrial Goods | Canada | 3.83% |
| 5N Plus Inc | Canadian Equity | Basic Materials | Canada | 3.80% |
| Kneat.com Inc | International Equity | Technology | European Union | 3.40% |
| NFI Group Inc | Canadian Equity | Industrial Goods | Canada | 3.37% |
| Sylogist Ltd | Canadian Equity | Technology | Canada | 3.37% |
| Sitka Gold Corp | Canadian Equity | Basic Materials | Canada | 3.33% |
Performance Data
(As of October 31, 2025)
|
|
Return (%)
|
Annualized Return (%)
|
|
Return
|
1
Mth
|
3
Mth
|
6
Mth
|
YTD
|
1
Yr
|
3
Yr
|
5
Yr
|
10
Yr
|
|
Fund
|
1.03
|
3.46
|
19.80
|
6.70
|
16.43
|
23.58
|
16.32
|
12.32
|
|
Benchmark
|
1.77
|
16.22
|
33.08
|
29.33
|
30.22
|
20.00
|
16.52
|
10.47
|
|
Quartile Ranking
|
1
|
3
|
1
|
3
|
1
|
1
|
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
|