Inception Return
(6/1/2009)
|
14.49 %
|
|
YTD Return
|
10.61 %
|
|
NAVPS
(10/18/2019)
|
$24.19
|
|
Change
|
- / -
|
|
|
Growth of $10,000
(As of September 30, 2019)
|
|
MER
|
2.50 %
|
|
Assets ($mil)
|
$28.12
|
|
Rank (1Yr)
|
89/97
|
|
Std Dev (3Yr)
|
11.25 %
|
|
Volatility Ranking (3Yr)
|
8/10
|
|
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 September 30, 2019)
|
Sector Allocation
(As of September 30, 2019)
|
Geographic Allocation
(As of September 30, 2019)
|
Top 10 Holdings
| Name | Asset | Sector | Geographic | Percent |
| Diversified Royalty Corp | Canadian Equity | Industrial Services | Canada | 4.45% |
| DREAM Unlimited Corp | Canadian Equity | Real Estate | Canada | 3.82% |
| Freshii Inc Cl A | Canadian Equity | Consumer Services | Canada | 3.58% |
| TerraVest Capital Inc | Canadian Equity | Energy | Canada | 3.57% |
| Aritzia Inc | Canadian Equity | Consumer Goods | Canada | 3.44% |
| Sangoma Technologies Corp | Canadian Equity | Technology | Canada | 3.38% |
| Cloudera Inc | US Equity | Technology | United States | 2.75% |
| Medicure Inc | Canadian Equity | Healthcare | Canada | 2.75% |
| eGain Corp | US Equity | Technology | United States | 2.69% |
| ProntoForms Corp | Canadian Equity | Technology | Canada | 2.63% |
Performance Data
(As of September 30, 2019)
|
|
Return (%)
|
Annualized Return (%)
|
|
Return
|
1
Mth
|
3
Mth
|
6
Mth
|
YTD
|
1
Yr
|
3
Yr
|
5
Yr
|
10
Yr
|
|
Fund
|
3.02
|
-3.67
|
-2.35
|
10.61
|
-6.27
|
1.99
|
9.20
|
14.28
|
|
Benchmark
|
-2.34
|
-1.29
|
-0.56
|
9.95
|
-7.52
|
-2.27
|
-1.50
|
2.65
|
|
Quartile Ranking
|
1
|
3
|
4
|
4
|
4
|
3
|
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
|
1
|
1
|
2
|
1
|
1
|
1
|
1
|
3
|
-
|