Inception Return
(6/1/2009)
|
15.49 %
|
|
YTD Return
|
15.33 %
|
|
NAVPS
(6/14/2019)
|
$25.90
|
|
Change
|
- / -
|
|
|
Growth of $10,000
(As of May 31, 2019)
|
|
MER
|
2.50 %
|
|
Assets ($mil)
|
$32.38
|
|
Rank (1Yr)
|
90/98
|
|
Std Dev (3Yr)
|
11.14 %
|
|
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 May 31, 2019)
|
Sector Allocation
(As of May 31, 2019)
|
Geographic Allocation
(As of May 31, 2019)
|
Top 10 Holdings
| Name | Asset | Sector | Geographic | Percent |
| Diversified Royalty Corp | Canadian Equity | Industrial Services | Canada | 4.71% |
| Sangoma Technologies Corp | Canadian Equity | Technology | Canada | 3.55% |
| TerraVest Capital Inc | Canadian Equity | Energy | Canada | 3.34% |
| Aritzia Inc | Canadian Equity | Consumer Goods | Canada | 3.23% |
| Medicure Inc | Canadian Equity | Healthcare | Canada | 3.21% |
| DREAM Unlimited Corp | Canadian Equity | Real Estate | Canada | 3.02% |
| Maxar Technologies Ltd | US Equity | Technology | United States | 2.94% |
| Athabasca Oil Corp | Canadian Equity | Energy | Canada | 2.78% |
| Transat AT Inc | Canadian Equity | Consumer Services | Canada | 2.77% |
| BSM Technologies Inc | Canadian Equity | Telecommunications | Canada | 2.74% |
Performance Data
(As of May 31, 2019)
|
|
Return (%)
|
Annualized Return (%)
|
|
Return
|
1
Mth
|
3
Mth
|
6
Mth
|
YTD
|
1
Yr
|
3
Yr
|
5
Yr
|
10
Yr
|
|
Fund
|
-1.54
|
1.29
|
7.30
|
15.33
|
-6.86
|
8.05
|
10.13
|
-
|
|
Benchmark
|
-2.91
|
-4.62
|
2.52
|
6.93
|
-12.23
|
-0.21
|
-2.70
|
4.21
|
|
Quartile Ranking
|
3
|
3
|
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
|
-
|