Inception Return
(6/1/2009)
|
15.14 %
|
|
YTD Return
|
8.83 %
|
|
NAVPS
(4/8/2026)
|
$40.14
|
|
Change
|
$0.50 / 1.27 %
|
|
|
Growth of $10,000
(As of February 28, 2026)
|
|
MER
|
2.63 %
|
|
Assets ($mil)
|
$443.99
|
|
Rank (1Yr)
|
14/48
|
|
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.
Amar Pandya, PenderFund Capital Management Ltd.
Sub-Advisor
-
|
|
Asset Allocation
(As of February 28, 2026)
|
Sector Allocation
(As of February 28, 2026)
|
Geographic Allocation
(As of February 28, 2026)
|
Top 10 Holdings
| Name | Asset | Sector | Geographic | Percent |
| GENERAL FUSION SAFE | US Equity | Other | United States | 4.92% |
| Coveo Solutions Inc | Canadian Equity | Technology | Canada | 4.17% |
| Tantalus Systems Holding Inc | Canadian Equity | Utilities | Canada | 4.14% |
| Kinaxis Inc | Canadian Equity | Technology | Canada | 4.10% |
| Zedcor Inc | Canadian Equity | Industrial Services | Canada | 4.09% |
| Vitalhub Corp | Canadian Equity | Healthcare | Canada | 3.97% |
| Kneat.com Inc | International Equity | Technology | European Union | 3.92% |
| MDA Space Ltd | Canadian Equity | Industrial Goods | Canada | 3.32% |
| TerraVest Industries Inc | Canadian Equity | Energy | Canada | 3.14% |
| PAR Technology Corp | US Equity | Technology | United States | 3.08% |
Performance Data
(As of February 28, 2026)
|
|
Return (%)
|
Annualized Return (%)
|
|
Return
|
1
Mth
|
3
Mth
|
6
Mth
|
YTD
|
1
Yr
|
3
Yr
|
5
Yr
|
10
Yr
|
|
Fund
|
1.17
|
13.83
|
9.88
|
8.83
|
23.20
|
21.52
|
7.11
|
13.27
|
|
Benchmark
|
9.85
|
19.00
|
34.02
|
17.52
|
60.86
|
24.76
|
15.04
|
13.22
|
|
Quartile Ranking
|
2
|
1
|
3
|
1
|
2
|
1
|
3
|
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
|