(As of 7/31/2025)

Pender Small Cap Opportunities Fund Class A

(Canadian Focused Small/Mid Cap Equity)
FundGrade A+® Rating recipient
For more information about FundGrade click here
2017
2016
2015
2014



Inception Return
(6/1/2009)
15.01 %
YTD Return 3.13 %
NAVPS
(9/5/2025)
$41.01
Change $0.29 / 0.71 %
Growth of $10,000 (As of July 31, 2025)
MER 2.63 %
Assets ($mil) $426.40
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.

Amar Pandya, PenderFund Capital Management Ltd.

Sub-Advisor
-
 
Asset Allocation
(As of July 31, 2025)
Sector Allocation
(As of July 31, 2025)
Geographic Allocation
(As of July 31, 2025)
Top 10 Holdings
NameAssetSectorGeographicPercent
Coveo Solutions IncCanadian EquityTechnologyCanada6.63%
Dye & Durham LtdCanadian EquityTechnologyCanada4.36%
Kraken Robotics IncCanadian EquityIndustrial GoodsCanada4.35%
Sylogist LtdCanadian EquityTechnologyCanada4.24%
5N Plus IncCanadian EquityBasic MaterialsCanada3.72%
NFI Group IncCanadian EquityIndustrial GoodsCanada3.67%
TerraVest Industries IncCanadian EquityEnergyCanada3.67%
Kneat.com IncInternational EquityTechnologyEuropean Union3.53%
MDA Space LtdCanadian EquityIndustrial GoodsCanada3.39%
Tantalus Systems Holding IncCanadian EquityUtilitiesCanada3.39%

Performance Data (As of July 31, 2025)
  Return (%) Annualized Return (%)
Return 1 Mth 3 Mth 6 Mth YTD 1 Yr 3 Yr 5 Yr 10 Yr
Fund 5.80 15.79 4.71 3.13 25.61 18.31 17.90 11.24
Benchmark 1.91 14.51 9.13 11.28 15.93 12.49 12.96 8.30
Quartile Ranking 1 1 2 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

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