Inception Return
(6/1/2009)
|
15.38 %
|
|
YTD Return
|
57.21 %
|
|
NAVPS
(1/10/2025)
|
$39.24
|
|
Change
|
- / -
|
|
|
Growth of $10,000
(As of December 31, 2024)
|
|
MER
|
2.63 %
|
|
Assets ($mil)
|
$421.14
|
|
Rank (1Yr)
|
4/48
|
|
Std Dev (3Yr)
|
27.34 %
|
|
Volatility Ranking (3Yr)
|
10/10
|
|
RRSP Eligibility
|
Yes
|
|
Load
|
Back Fee Only
|
|
Max Front End
|
5.00 %
|
|
Max Back End
|
-
|
|
Sales Status
|
Capped
|
|
|
Objective
The Fund invests in a concentrated portfolio of well-managed businesses, with strong competitive positions, which are overlooked by the market and have the potential for significant capital appreciation. These businesses may be in Canada, the United States or in other foreign jurisdictions with a primary emphasis on companies with a small market capitalization.
|
Fund Manager
PenderFund Capital Management Ltd.
Portfolio Manager
David Barr, PenderFund Capital Management Ltd.
Sub-Advisor
Data not available
|
|
Asset Allocation
(As of December 31, 2024)
|
Sector Allocation
(As of December 31, 2024)
|
Geographic Allocation
(As of December 31, 2024)
|
Top 10 Holdings
| Name | Asset | Sector | Geographic | Percent |
| Kraken Robotics Inc | Canadian Equity | Industrial Goods | Canada | 5.96% |
| Blackline Safety Corp | Canadian Equity | Technology | Canada | 4.95% |
| D2L Inc | Canadian Equity | Technology | Canada | 4.92% |
| PAR Technology Corp | US Equity | Technology | United States | 4.66% |
| Sangoma Technologies Corp | Canadian Equity | Technology | Canada | 4.61% |
| Kneat.com Inc | International Equity | Technology | European Union | 4.02% |
| TerraVest Industries Inc | Canadian Equity | Energy | Canada | 3.96% |
| Dye & Durham Ltd | Canadian Equity | Technology | Canada | 3.88% |
| Sylogist Ltd | Canadian Equity | Technology | Canada | 3.81% |
| Vitalhub Corp | Canadian Equity | Healthcare | Canada | 3.54% |
Performance Data
(As of December 31, 2024)
|
|
Return (%)
|
Annualized Return (%)
|
|
Return
|
1
Mth
|
3
Mth
|
6
Mth
|
YTD
|
1
Yr
|
3
Yr
|
5
Yr
|
10
Yr
|
|
Fund
|
0.80
|
14.47
|
27.05
|
57.21
|
57.21
|
5.32
|
16.35
|
11.98
|
|
Benchmark
|
-3.21
|
1.90
|
10.08
|
18.86
|
18.86
|
4.79
|
9.06
|
7.38
|
|
Quartile Ranking
|
1
|
1
|
1
|
1
|
1
|
2
|
1
|
1
|
|
Calendar Return (%)
|
2024
|
2023
|
2022
|
2021
|
2020
|
2019
|
2018
|
2017
|
2016
|
2015
|
|
Fund
|
57.21
|
5.05
|
-29.26
|
24.71
|
46.34
|
19.23
|
-16.34
|
8.48
|
26.10
|
6.63
|
|
Benchmark
|
18.86
|
8.17
|
-10.51
|
18.74
|
12.92
|
17.42
|
-14.41
|
7.15
|
27.23
|
-3.54
|
|
Quartile Ranking
|
1
|
3
|
4
|
1
|
1
|
3
|
4
|
3
|
1
|
2
|