Inception Return
(6/1/2009)
|
15.18 %
|
|
YTD Return
|
14.78 %
|
|
NAVPS
(7/10/2026)
|
$45.11
|
|
Change
|
$0.85 / 1.92 %
|
|
|
Growth of $10,000
(As of June 30, 2026)
|
|
MER
|
2.61 %
|
|
Assets ($mil)
|
-
|
|
Rank (1Yr)
|
9/48
|
|
Std Dev (3Yr)
|
16.78 %
|
|
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 June 30, 2026)
|
Sector Allocation
(As of June 30, 2026)
|
Geographic Allocation
(As of June 30, 2026)
|
Top 10 Holdings
| Name | Asset | Sector | Geographic | Percent |
| Kneat.com Inc | International Equity | Technology | European Union | 7.41% |
| Purpose Cash Management Fund ETF - Closed | Cash and Equivalents | Exchange Traded Fund | Canada | 5.48% |
| GENERAL FUSION SAFE | US Equity | Other | United States | 4.62% |
| Kinaxis Inc | Canadian Equity | Technology | Canada | 4.36% |
| Vitalhub Corp | Canadian Equity | Healthcare | Canada | 4.24% |
| TerraVest Industries Inc | Canadian Equity | Energy | Canada | 4.09% |
| D2L Inc | Canadian Equity | Technology | Canada | 4.04% |
| Zedcor Inc | Canadian Equity | Industrial Services | Canada | 3.83% |
| Tantalus Systems Holding Inc | Canadian Equity | Utilities | Canada | 3.74% |
| PAR Technology Corp | US Equity | Technology | United States | 3.71% |
Performance Data
(As of June 30, 2026)
|
|
Return (%)
|
Annualized Return (%)
|
|
Return
|
1
Mth
|
3
Mth
|
6
Mth
|
YTD
|
1
Yr
|
3
Yr
|
5
Yr
|
10
Yr
|
|
Fund
|
-3.87
|
10.65
|
14.78
|
14.78
|
23.21
|
25.11
|
6.79
|
12.55
|
|
Benchmark
|
-1.16
|
9.56
|
18.80
|
18.80
|
47.72
|
26.72
|
13.54
|
11.39
|
|
Quartile Ranking
|
4
|
1
|
1
|
1
|
1
|
1
|
2
|
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
|