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Alternative Equity Focus
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2014
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|
NAVPS (11-19-2024) |
$12.77 |
|---|---|
| Change |
-$0.01
(-0.07%)
|
As at October 31, 2024
As at October 31, 2024
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Inception Return (August 31, 2022): 5.45%
| Row Heading | Return | Annualized Return | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 Mth | 3 Mth | 6 Mth | YTD | 1 Yr | 2 Yr | 3 Yr | 4 Yr | 5 Yr | 6 Yr | 7 Yr | 8 Yr | 9 Yr | 10 Yr | |
| Fund | 0.78% | 1.35% | 3.87% | 6.51% | 8.96% | 5.85% | - | - | - | - | - | - | - | - |
| Benchmark | 0.85% | 5.30% | 12.95% | 18.24% | 32.06% | 15.16% | 8.05% | 15.02% | 11.33% | 11.65% | 9.36% | 9.62% | 9.96% | 8.41% |
| Category Average | 0.53% | 2.54% | 7.82% | 15.42% | 23.82% | 9.82% | 5.63% | 10.04% | 7.83% | - | - | - | - | - |
| Category Rank | 107 / 210 | 137 / 205 | 131 / 190 | 125 / 166 | 124 / 165 | 98 / 145 | - | - | - | - | - | - | - | - |
| Quartile Ranking | 3 | 3 | 3 | 4 | 4 | 3 | - | - | - | - | - | - | - | - |
| Return % | Nov | Dec | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fund | 1.18% | 1.11% | 0.19% | 0.68% | 1.45% | 0.22% | 0.83% | 0.64% | 0.99% | 0.31% | 0.25% | 0.78% |
| Benchmark | 7.48% | 3.91% | 0.55% | 1.82% | 4.14% | -1.82% | 2.77% | -1.42% | 5.87% | 1.22% | 3.15% | 0.85% |
1.45% (March 2024)
-0.69% (May 2023)
| Return % | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|---|---|---|---|
| Fund | - | - | - | - | - | - | - | - | - | 3.96% |
| Benchmark | 10.55% | -8.32% | 21.08% | 9.10% | -8.89% | 22.88% | 5.60% | 25.09% | -5.84% | 11.75% |
| Category Average | - | - | - | - | - | - | 5.11% | 17.27% | -5.96% | 6.54% |
| Quartile Ranking | - | - | - | - | - | - | - | - | - | 3 |
| Category Rank | - | - | - | - | - | - | - | - | - | 106/ 150 |
3.96% (2023)
3.96% (2023)
| Name | Percent |
|---|---|
| Foreign Corporate Bonds | 28.68 |
| Canadian Corporate Bonds | 18.59 |
| US Equity | 16.22 |
| Cash and Equivalents | 15.76 |
| Canadian Equity | 8.44 |
| Other | 12.31 |
| Name | Percent |
|---|---|
| Fixed Income | 52.91 |
| Cash and Cash Equivalent | 15.76 |
| Technology | 5.64 |
| Healthcare | 2.88 |
| Consumer Services | 2.60 |
| Other | 20.21 |
| Name | Percent |
|---|---|
| North America | 93.38 |
| Latin America | 3.46 |
| Africa and Middle East | 1.08 |
| Asia | 1.08 |
| Europe | 0.91 |
| Other | 0.09 |
| Name | Percent |
|---|---|
| Pender Alternative Absolute Return Fund Class A | 33.37 |
| Pender Corporate Bond Fund Class A | 33.35 |
| Pender Alternative Arbitrage Fund Class A | 33.23 |
| STAGE CAPITAL CORP | 0.05 |
| Standard Deviation | - | - | - |
|---|---|---|---|
| Beta | - | - | - |
| Alpha | - | - | - |
| Rsquared | - | - | - |
| Sharpe | - | - | - |
| Sortino | - | - | - |
| Treynor | - | - | - |
| Tax Efficiency | - | - | - |
| Volatility | - | - | - |
| Key Ratio | 1 Yr | 3 Yr | 5 Yr | 10 Yr |
|---|---|---|---|---|
| Standard Deviation | 1.44% | - | - | - |
| Beta | 0.10% | - | - | - |
| Alpha | 0.06% | - | - | - |
| Rsquared | 0.47% | - | - | - |
| Sharpe | 2.76% | - | - | - |
| Sortino | 78.82% | - | - | - |
| Treynor | 0.39% | - | - | - |
| Tax Efficiency | 100.00% | - | - | - |
| Start Date | August 31, 2022 |
|---|---|
| Instrument Type | Mutual Fund (Alternative) |
| Share Class | Commission Based Advice |
| Legal Status | Trust |
| Sales Status | Capped |
| Currency | CAD |
| Distribution Frequency | Quarterly |
| Assets ($mil) | $3 |
| FundServ Code | Load Code | Sales Status |
|---|---|---|
| PGF1200 |
The objective of the Fund is to preserve capital and to generate returns through current income and capital appreciation, while being sufficiently diversified to mitigate volatility. The Fund will invest primarily in North American securities and may also invest in foreign securities.
The investment strategies of the Fund are as described below. To achieve the Fund’s investment objectives, the Manager will utilize fundamental research to identify attractive risk adjusted return opportunities in individual investments within a diversified portfolio. The Manager believes that private and public securities are priced inefficiently and, as a result, the price of any given security only occasionally coincides with its intrinsic value.
| Name | Start Date |
|---|---|
| Felix Narhi | 05-21-2020 |
| David Barr | 05-21-2020 |
| Fund Manager | PenderFund Capital Management Ltd. |
|---|---|
| Advisor | PenderFund Capital Management Ltd. |
| Custodian | CIBC Mellon Trust Company |
| Registrar | CIBC Mellon Trust Company |
| Distributor | - |
| Auditor | KPMG LLP |
| RSP Eligible | Yes |
|---|---|
| PAC Allowed | Yes |
| PAC Initial Investment | 5,000 |
| PAC Subsequent | 100 |
| SWP Allowed | No |
| SWP Min Balance | - |
| SWP Min Withdrawal | - |
| MER | 2.52% |
|---|---|
| Management Fee | 1.80% |
| Load | Back Fee Only |
| FE Max | 5.00% |
| DSC Max | - |
| Trailer Fee Max (FE) | 1.00% |
| Trailer Fee Max (DSC) | - |
| Trailer Fee Max (NL) | - |
| Trailer Fee Max (LL) | - |
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