Inception Return
(6/1/2009)
|
14.96 %
|
|
YTD Return
|
3.64 %
|
|
NAVPS
(9/12/2025)
|
$40.65
|
|
Change
|
($0.05) / -0.13 %
|
|
|
Growth of $10,000
(As of August 31, 2025)
|
|
MER
|
2.63 %
|
|
Assets ($mil)
|
-
|
|
Rank (1Yr)
|
6/48
|
|
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 August 31, 2025)
|
Sector Allocation
(As of August 31, 2025)
|
Geographic Allocation
(As of August 31, 2025)
|
Top 10 Holdings
| Name | Asset | Sector | Geographic | Percent |
| Coveo Solutions Inc | Canadian Equity | Technology | Canada | 6.30% |
| PAR Technology Corp | US Equity | Technology | United States | 4.87% |
| Dye & Durham Ltd | Canadian Equity | Technology | Canada | 4.43% |
| Sylogist Ltd | Canadian Equity | Technology | Canada | 4.03% |
| MDA Space Ltd | Canadian Equity | Industrial Goods | Canada | 3.64% |
| Kraken Robotics Inc | Canadian Equity | Industrial Goods | Canada | 3.59% |
| 5N Plus Inc | Canadian Equity | Basic Materials | Canada | 3.45% |
| Kneat.com Inc | International Equity | Technology | European Union | 3.41% |
| Vitalhub Corp | Canadian Equity | Healthcare | Canada | 3.35% |
| dentalcorp Holdings Ltd | Canadian Equity | Healthcare | Canada | 3.26% |
Performance Data
(As of August 31, 2025)
|
|
Return (%)
|
Annualized Return (%)
|
|
Return
|
1
Mth
|
3
Mth
|
6
Mth
|
YTD
|
1
Yr
|
3
Yr
|
5
Yr
|
10
Yr
|
|
Fund
|
0.50
|
11.04
|
12.12
|
3.64
|
21.10
|
17.84
|
16.39
|
12.00
|
|
Benchmark
|
7.00
|
14.86
|
20.03
|
19.07
|
25.63
|
15.80
|
13.76
|
9.41
|
|
Quartile Ranking
|
4
|
1
|
1
|
4
|
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
|