Inception Return
(6/1/2009)
|
15.56 %
|
|
YTD Return
|
13.27 %
|
|
NAVPS
(4/18/2019)
|
$26.24
|
|
Change
|
- / -
|
|
|
Growth of $10,000
(As of March 31, 2019)
|
|
MER
|
2.50 %
|
|
Assets ($mil)
|
$32.77
|
|
Rank (1Yr)
|
90/96
|
|
Std Dev (3Yr)
|
11.21 %
|
|
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 March 31, 2019)
|
Sector Allocation
(As of March 31, 2019)
|
Geographic Allocation
(As of March 31, 2019)
|
Top 10 Holdings
| Name | Asset | Sector | Geographic | Percent |
| Diversified Royalty Corp | Canadian Equity | Industrial Services | Canada | 4.78% |
| Medicure Inc | Canadian Equity | Healthcare | Canada | 3.77% |
| Aritzia Inc | Canadian Equity | Consumer Goods | Canada | 3.74% |
| Sangoma Technologies Corp | Canadian Equity | Technology | Canada | 3.50% |
| TerraVest Capital Inc | Canadian Equity | Energy | Canada | 3.46% |
| Real Matters Inc | Canadian Equity | Industrial Services | Canada | 3.37% |
| Solium Capital Inc | Canadian Equity | Financial Services | Canada | 3.14% |
| Espial Group Inc | Canadian Equity | Technology | Canada | 2.93% |
| Indigo Books and Music Inc | Canadian Equity | Consumer Services | Canada | 2.90% |
| Chesswood Group Ltd | Canadian Equity | Consumer Goods | Canada | 2.70% |
Performance Data
(As of March 31, 2019)
|
|
Return (%)
|
Annualized Return (%)
|
|
Return
|
1
Mth
|
3
Mth
|
6
Mth
|
YTD
|
1
Yr
|
3
Yr
|
5
Yr
|
10
Yr
|
|
Fund
|
-0.52
|
13.27
|
-4.02
|
13.27
|
-4.18
|
10.01
|
10.30
|
-
|
|
Benchmark
|
-1.37
|
10.57
|
-7.00
|
10.57
|
-3.90
|
4.20
|
-1.84
|
6.93
|
|
Quartile Ranking
|
3
|
1
|
2
|
1
|
4
|
2
|
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
|
-
|