Inception Return
(6/1/2009)
|
14.94 %
|
|
YTD Return
|
19.23 %
|
|
NAVPS
(1/17/2020)
|
$24.81
|
|
Change
|
- / -
|
|
|
Growth of $10,000
(As of December 31, 2019)
|
|
MER
|
2.50 %
|
|
Assets ($mil)
|
$28.62
|
|
Rank (1Yr)
|
69/95
|
|
Std Dev (3Yr)
|
11.72 %
|
|
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 December 31, 2019)
|
Sector Allocation
(As of December 31, 2019)
|
Geographic Allocation
(As of December 31, 2019)
|
Top 10 Holdings
| Name | Asset | Sector | Geographic | Percent |
| Sangoma Technologies Corp | Canadian Equity | Technology | Canada | 5.28% |
| Diversified Royalty Corp | Canadian Equity | Industrial Services | Canada | 4.78% |
| TerraVest Capital Inc | Canadian Equity | Energy | Canada | 3.34% |
| Aritzia Inc | Canadian Equity | Consumer Goods | Canada | 3.27% |
| Corus Entertainment Inc | Canadian Equity | Consumer Services | Canada | 3.17% |
| Mav Beauty Brands Inc | Canadian Equity | Consumer Goods | Canada | 2.99% |
| Maxar Technologies Ltd | US Equity | Technology | United States | 2.94% |
| ProntoForms Corp | Canadian Equity | Technology | Canada | 2.77% |
| Medicure Inc | Canadian Equity | Healthcare | Canada | 2.69% |
| eGain Corp | US Equity | Technology | United States | 2.66% |
Performance Data
(As of December 31, 2019)
|
|
Return (%)
|
Annualized Return (%)
|
|
Return
|
1
Mth
|
3
Mth
|
6
Mth
|
YTD
|
1
Yr
|
3
Yr
|
5
Yr
|
10
Yr
|
|
Fund
|
3.01
|
7.79
|
3.84
|
19.23
|
19.23
|
2.66
|
7.79
|
14.99
|
|
Benchmark
|
5.09
|
5.57
|
4.21
|
16.08
|
16.08
|
-1.27
|
1.24
|
1.99
|
|
Quartile Ranking
|
1
|
1
|
3
|
3
|
3
|
4
|
2
|
1
|
|
Calendar Return (%)
|
2019
|
2018
|
2017
|
2016
|
2015
|
2014
|
2013
|
2012
|
2011
|
2010
|
|
Fund
|
19.23
|
-16.35
|
8.48
|
26.10
|
6.63
|
23.76
|
32.98
|
31.29
|
4.66
|
22.85
|
|
Benchmark
|
16.08
|
-20.29
|
4.01
|
31.95
|
-16.25
|
-2.75
|
4.32
|
-0.46
|
-16.16
|
35.23
|
|
Quartile Ranking
|
3
|
4
|
2
|
1
|
2
|
1
|
1
|
1
|
1
|
3
|