Inception Return
(6/1/2009)
|
15.37 %
|
|
YTD Return
|
15.26 %
|
|
NAVPS
(5/13/2026)
|
$43.63
|
|
Change
|
($0.35) / -0.79 %
|
|
|
Growth of $10,000
(As of April 30, 2026)
|
|
MER
|
2.63 %
|
|
Assets ($mil)
|
-
|
|
Rank (1Yr)
|
5/48
|
|
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.
Amar Pandya, PenderFund Capital Management Ltd.
Sub-Advisor
-
|
|
Asset Allocation
(As of March 31, 2026)
|
Sector Allocation
(As of March 31, 2026)
|
Geographic Allocation
(As of March 31, 2026)
|
Top 10 Holdings
| Name | Asset | Sector | Geographic | Percent |
| GENERAL FUSION SAFE | US Equity | Other | United States | 5.09% |
| Saturn Oil & Gas Inc | Canadian Equity | Energy | Canada | 4.58% |
| Kinaxis Inc | Canadian Equity | Technology | Canada | 4.51% |
| Tantalus Systems Holding Inc | Canadian Equity | Utilities | Canada | 4.13% |
| Zedcor Inc | Canadian Equity | Industrial Services | Canada | 3.64% |
| MDA Space Ltd | Canadian Equity | Industrial Goods | Canada | 3.59% |
| Kneat.com Inc | International Equity | Technology | European Union | 3.45% |
| Vitalhub Corp | Canadian Equity | Healthcare | Canada | 3.43% |
| Telesat Corp Cl A | Canadian Equity | Telecommunications | Canada | 3.38% |
| PAR Technology Corp | US Equity | Technology | United States | 3.13% |
Performance Data
(As of April 30, 2026)
|
|
Return (%)
|
Annualized Return (%)
|
|
Return
|
1
Mth
|
3
Mth
|
6
Mth
|
YTD
|
1
Yr
|
3
Yr
|
5
Yr
|
10
Yr
|
|
Fund
|
11.11
|
7.14
|
13.04
|
15.26
|
35.42
|
24.59
|
7.19
|
13.26
|
|
Benchmark
|
6.60
|
8.05
|
21.36
|
15.59
|
61.50
|
24.76
|
13.80
|
11.51
|
|
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
|