Inception Return
(6/1/2009)
|
15.19 %
|
|
YTD Return
|
19.10 %
|
|
NAVPS
(10/9/2026)
|
$45.68
|
|
Change
|
$0.43 / 0.96 %
|
|
|
Growth of $10,000
(As of September 30, 2026)
|
|
MER
|
2.61 %
|
|
Assets ($mil)
|
-
|
|
Rank (1Yr)
|
5/48
|
|
Std Dev (3Yr)
|
16.41 %
|
|
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.
Amar Pandya, PenderFund Capital Management Ltd.
Sub-Advisor
-
|
|
Asset Allocation
(As of September 30, 2026)
|
Sector Allocation
(As of September 30, 2026)
|
Geographic Allocation
(As of September 30, 2026)
|
Top 10 Holdings
| Name | Asset | Sector | Geographic | Percent |
| GENERAL FUSION GROUP LTD | Canadian Equity | Other | Canada | 7.61% |
| Kinaxis Inc | Canadian Equity | Technology | Canada | 4.90% |
| Sangoma Technologies Corp | Canadian Equity | Technology | Canada | 4.67% |
| Coveo Solutions Inc | Canadian Equity | Technology | Canada | 4.67% |
| MCDERMOTT INTL LTD | Foreign Bonds | Fixed Income | United States | 4.62% |
| Tantalus Systems Holding Inc | Canadian Equity | Utilities | Canada | 4.44% |
| Vitalhub Corp | Canadian Equity | Healthcare | Canada | 4.29% |
| 5N Plus Inc | Canadian Equity | Basic Materials | Canada | 4.25% |
| TerraVest Industries Inc | Canadian Equity | Energy | Canada | 3.73% |
| Telesat Corp Cl A | Canadian Equity | Telecommunications | Canada | 3.44% |
Performance Data
(As of September 30, 2026)
|
|
Return (%)
|
Annualized Return (%)
|
|
Return
|
1
Mth
|
3
Mth
|
6
Mth
|
YTD
|
1
Yr
|
3
Yr
|
5
Yr
|
10
Yr
|
|
Fund
|
0.00
|
3.77
|
14.81
|
19.10
|
18.01
|
27.68
|
8.00
|
11.76
|
|
Benchmark
|
-1.61
|
0.19
|
9.77
|
19.03
|
27.18
|
27.23
|
13.88
|
10.75
|
|
Quartile Ranking
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
|
Calendar Return (%)
|
2025
|
2024
|
2023
|
2022
|
2021
|
2020
|
2019
|
2018
|
2017
|
2016
|
|
Fund
|
4.64
|
57.21
|
5.05
|
-29.26
|
24.71
|
46.34
|
19.23
|
-16.34
|
8.48
|
26.10
|
|
Benchmark
|
35.78
|
18.86
|
8.17
|
-10.51
|
18.74
|
12.92
|
17.42
|
-14.41
|
7.15
|
27.23
|
|
Quartile Ranking
|
4
|
1
|
3
|
4
|
1
|
1
|
3
|
4
|
3
|
1
|