Inception Return
(6/1/2009)
|
14.74 %
|
|
YTD Return
|
15.75 %
|
|
NAVPS
(12/6/2019)
|
$26.11
|
|
Change
|
- / -
|
|
|
Growth of $10,000
(As of November 30, 2019)
|
|
MER
|
2.50 %
|
|
Assets ($mil)
|
$28.42
|
|
Rank (1Yr)
|
78/95
|
|
Std Dev (3Yr)
|
11.77 %
|
|
Volatility Ranking (3Yr)
|
9/10
|
|
RRSP Eligibility
|
Yes
|
|
Load
|
Front Fee Only
|
|
Max Front End
|
5.00 %
|
|
Max Back End
|
-
|
|
Sales Status
|
Capped
|
|
|
Objective
The Pender Small Cap Opportunities Fund is an opportunistic, concentrated portfolio. The Fund is focused on undervalued small and microcap companies predominantly in Canada. The Manager is focused on businesses with strong underlying economics and often seeks out special situations, and has a track record of identifying catalysts, where market-leading companies have been acquired. After deep fundamental analysis these businesses are purchased at a discount to our estimate of intrinsic value.
|
Management Co.
PenderFund Capital Management Ltd.
Managers
David Barr
|
|
Asset Allocation
(As of November 30, 2019)
|
Sector Allocation
(As of November 30, 2019)
|
Geographic Allocation
(As of November 30, 2019)
|
Top 10 Holdings
| Name | Asset | Sector | Geographic | Percent |
| Sangoma Technologies Corp | Canadian Equity | Technology | Canada | 5.10% |
| Diversified Royalty Corp | Canadian Equity | Industrial Services | Canada | 4.78% |
| Aritzia Inc | Canadian Equity | Consumer Goods | Canada | 3.72% |
| Carbonite Inc | US Equity | Technology | United States | 3.69% |
| Corus Entertainment Inc Cl B | Canadian Equity | Consumer Services | Canada | 3.33% |
| TerraVest Capital Inc | Canadian Equity | Energy | Canada | 3.25% |
| Medicure Inc | Canadian Equity | Healthcare | Canada | 2.89% |
| ProntoForms Corp | Canadian Equity | Technology | Canada | 2.84% |
| Trisura Group Ltd | Canadian Equity | Financial Services | Canada | 2.80% |
| Freshii Inc Cl A | Canadian Equity | Consumer Services | Canada | 2.77% |
Performance Data
(As of November 30, 2019)
|
|
Return (%)
|
Annualized Return (%)
|
|
Return
|
1
Mth
|
3
Mth
|
6
Mth
|
YTD
|
1
Yr
|
3
Yr
|
5
Yr
|
10
Yr
|
|
Fund
|
6.23
|
7.80
|
0.37
|
15.75
|
7.70
|
2.83
|
9.13
|
15.25
|
|
Benchmark
|
2.64
|
-1.89
|
3.30
|
10.45
|
5.91
|
-1.96
|
0.12
|
2.10
|
|
Quartile Ranking
|
1
|
1
|
4
|
4
|
4
|
4
|
1
|
1
|
|
Calendar Return (%)
|
2018
|
2017
|
2016
|
2015
|
2014
|
2013
|
2012
|
2011
|
2010
|
2009
|
|
Fund
|
-16.35
|
8.48
|
26.10
|
6.63
|
23.76
|
32.98
|
31.29
|
4.66
|
22.85
|
-
|
|
Benchmark
|
-20.29
|
4.01
|
31.95
|
-16.25
|
-2.75
|
4.32
|
-0.46
|
-16.16
|
35.23
|
68.91
|
|
Quartile Ranking
|
4
|
2
|
1
|
2
|
1
|
1
|
1
|
1
|
3
|
-
|