Inception Return
(6/1/2009)
|
15.08 %
|
|
YTD Return
|
6.23 %
|
|
NAVPS
(2/15/2019)
|
$25.50
|
|
Change
|
- / -
|
|
|
Growth of $10,000
(As of January 31, 2019)
|
|
MER
|
2.50 %
|
|
Assets ($mil)
|
$31.94
|
|
Rank (1Yr)
|
67/67
|
|
Std Dev (3Yr)
|
10.59 %
|
|
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 January 31, 2019)
|
Sector Allocation
(As of January 31, 2019)
|
Geographic Allocation
(As of January 31, 2019)
|
Top 10 Holdings
| Name | Asset | Sector | Geographic | Percent |
| Diversified Royalty Corp | Canadian Equity | Industrial Services | Canada | 5.18% |
| Medicure Inc | Canadian Equity | Healthcare | Canada | 4.28% |
| Absolute Software Corp | Canadian Equity | Technology | Canada | 3.80% |
| Real Matters Inc | Canadian Equity | Industrial Services | Canada | 3.77% |
| Sangoma Technologies Corp | Canadian Equity | Technology | Canada | 3.20% |
| TerraVest Capital Inc | Canadian Equity | Energy | Canada | 3.13% |
| Chesswood Group Ltd | Canadian Equity | Consumer Goods | Canada | 3.07% |
| Sierra Wireless Inc | Canadian Equity | Technology | Canada | 2.84% |
| TeraGo Inc | Canadian Equity | Telecommunications | Canada | 2.82% |
| Maxar Technologies Ltd | US Equity | Technology | United States | 2.72% |
Performance Data
(As of January 31, 2019)
|
|
Return (%)
|
Annualized Return (%)
|
|
Return
|
1
Mth
|
3
Mth
|
6
Mth
|
YTD
|
1
Yr
|
3
Yr
|
5
Yr
|
10
Yr
|
|
Fund
|
6.23
|
-4.82
|
-12.78
|
6.23
|
-14.71
|
8.37
|
9.55
|
-
|
|
Benchmark
|
8.51
|
-0.10
|
-9.37
|
8.51
|
-11.19
|
7.37
|
-1.16
|
6.52
|
|
Quartile Ranking
|
4
|
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
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
4
|
-
|