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Pender Partners Fund F2

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Alternative Equity Focus

FundGrade D Click for more information on Fundata’s FundGrade

FundGrade D

Click for more information on Fundata’s FundGrade.

Fundata ESG GradeE Click for more information on Fundata’s ESG Grade

Fundata ESG Grade E

Click for more information on Fundata’s ESG Grade.

NAVPS
(03-31-2025) 		$17.25
Change -

As at March 31, 2025

As at March 31, 2025

As at March 31, 2025

Period
Created with Highcharts 10.3.3Jan 2000Jan 2002Jan 2004Jan 2006Jan 2008Jan 2010Jan 2012Jan 2014Jan 2016Jan 2018Jan 2020Jan 2022Jan 2024Apr 2022Jul 2022Oct 2022Jan 2023Apr 2023Jul 2023Oct 2023Apr 2024Jul 2024Oct 2024Jan 2025Jan 2000Jan 2005Jan 2010Jan 2015Jan 2020$10,000$30,000$50,000$70,000-$10,000$7,000$8,000$9,000$11,000$12,000$13,000Period

Legend

Pender Partners Fund F2

Compare Options

Fund Returns

Inception Return (April 03, 1998): 5.18%

Fund Returns
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 -5.42% -8.35% -0.84% -8.35% 8.40% 14.49% 3.06% -0.97% 13.79% -0.84% -5.76% -4.75% -0.65% -1.69%
Benchmark -1.51% 1.51% 5.33% 1.51% 15.81% 14.88% 7.77% 10.75% 16.76% 10.91% 10.51% 9.37% 10.36% 8.54%
Category Average -2.47% -1.05% 0.48% -1.05% 6.52% 10.33% 6.13% 5.96% 10.22% - - - - -
Category Rank 112 / 135 110 / 130 78 / 128 110 / 130 51 / 128 27 / 122 44 / 119 69 / 114 34 / 112 95 / 107 97 / 100 92 / 98 86 / 95 75 / 82
Quartile Ranking 4 4 3 4 2 1 2 3 2 4 4 4 4 4

Monthly Return

Created with Highcharts 10.3.3-10%-5%0%5%10%
Monthly Return
Return % Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar
Fund -1.86% 0.24% 2.89% 5.38% 0.02% 2.47% 2.22% 7.13% -1.20% 1.27% -4.31% -5.42%
Benchmark -1.82% 2.77% -1.42% 5.87% 1.22% 3.15% 0.85% 6.37% -3.27% 3.48% -0.40% -1.51%

Best Monthly Return Since Inception

15.26% (November 2020)

Worst Monthly Return Since Inception

-36.34% (March 2020)

Calendar Return (%)

Created with Highcharts 10.3.3-60%-40%-20%0%20%40%
Calendar Return
Return % 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Fund -5.57% 33.52% 5.58% -36.40% -11.05% 0.73% 16.30% -27.26% 7.20% 36.03%
Benchmark -8.32% 21.08% 9.10% -8.89% 22.88% 5.60% 25.09% -5.84% 11.75% 21.65%
Category Average - - - - - 5.11% 17.27% -5.96% 6.54% 16.58%
Quartile Ranking 4 1 3 4 4 4 3 3 2 1
Category Rank 64/ 78 11/ 91 67/ 97 96/ 99 102/ 103 90/ 111 67/ 113 86/ 117 60/ 122 14/ 128

Best Calendar Return (Last 10 years)

36.03% (2024)

Worst Calendar Return (Last 10 years)

-36.40% (2018)

Asset Allocation

Asset Allocation
Name Percent
Canadian Equity 47.25
US Equity 37.70
International Equity 10.35
Income Trust Units 3.92
Foreign Corporate Bonds 0.72
Other 0.06

Sector Allocation

Sector Allocation
Name Percent
Technology 25.80
Financial Services 19.51
Industrial Goods 11.57
Healthcare 10.34
Consumer Goods 8.49
Other 24.29

Geographic Allocation

Geographic Allocation
Name Percent
North America 85.69
Europe 7.63
Latin America 6.66
Other 0.02

Top Holdings

Top Holdings
Name Percent
Pender Small Cap Opportunities Fund Class A 44.27
Webster Financial Corp 4.23
Mercer Park Opportunities Corp - Units Cl A 3.92
Brookfield Corp Cl A 3.47
Jabil Inc 3.46
Hexcel Corp 3.41
Onex Corp 2.96
Markel Corp 2.95
Copa Holdings SA Cl A 2.70
Molina Healthcare Inc 2.57

Equity Style

Market capitalization is medium. Equity style is growth.

Fixed Income Style

Fixed income style data not available
Period: 

Risk vs Return (3 Yr)

Created with Highcharts 10.3.3Risk (Annualized Standard Deviation)ReturnMedian DeviationMedian Return2468101214161820222426283032343638-50%-40%-30%-20%-10%0%10%20%30%

Pender Partners Fund F2

Median

Other - Alternative Equity Focus

3 Yr Annualized

Standard Deviation 15.58% 17.92% 22.12%
Beta 0.88% 0.95% 1.29%
Alpha -0.03% -0.01% -0.11%
Rsquared 0.62% 0.50% 0.56%
Sharpe 0.02% 0.68% -0.03%
Sortino 0.11% 1.13% -0.11%
Treynor 0.00% 0.13% -0.01%
Tax Efficiency 100.00% 100.00% -
Volatility Volatility rating is 8 on a scale of 1 to 10 Volatility rating is 10 on a scale of 1 to 10 Volatility rating is 10 on a scale of 1 to 10

Risk Rating

Rating Not Available

Annualized Key Ratio Period Comparison

Key Ratio
Key Ratio 1 Yr 3 Yr 5 Yr 10 Yr
Standard Deviation 12.67% 15.58% 17.92% 22.12%
Beta 0.88% 0.88% 0.95% 1.29%
Alpha -0.05% -0.03% -0.01% -0.11%
Rsquared 0.56% 0.62% 0.50% 0.56%
Sharpe 0.39% 0.02% 0.68% -0.03%
Sortino 0.75% 0.11% 1.13% -0.11%
Treynor 0.06% 0.00% 0.13% -0.01%
Tax Efficiency 100.00% 100.00% 100.00% -

Fundata ESG Metrics

Fundata ESG Score

Created with Highcharts 10.3.3Grade: EGrade: DGrade: CGrade: BGrade: A4.0​4.035.3​35.30%10%20%30%40%50%60%70%80%90%100%

The E, S, and G scores are averaged for each security in the portfolio, to arrive at an ESG score for each security. We take the portfolio weighted average of the ESG scores for each fund and rank them against their peers to arrive at the Fundata ESG Score from 0-100.

Fundata E Score

Created with Highcharts 10.3.3Grade: EGrade: DGrade: CGrade: BGrade: A5.2​5.238.3​38.30%10%20%30%40%50%60%70%80%90%100%

Three scores under the Environment bucket are averaged to yield the Fundata Environment Score for each fund from 0-100: (1) Pollution Prevention, (2) Environmental Transparency, (3) Resource Efficiency.

Fundata S Score

Created with Highcharts 10.3.3Grade: EGrade: DGrade: CGrade: BGrade: A4.2​4.233.2​33.20%10%20%30%40%50%60%70%80%90%100%

Six scores under the Social bucket are averaged to yield the Fundata Social Score for each fund from 0-100. (1) Compensation and Satisfaction, (2) Diversity and Rights, (3) Education and Work Conditions, (4) Community and Charity, (5) Human Rights, (6) Sustainability Integration.

Fundata G Score

Created with Highcharts 10.3.3Grade: EGrade: DGrade: CGrade: BGrade: A5.8​5.838.4​38.40%10%20%30%40%50%60%70%80%90%100%

Three scores under the governance bucket are averaged to yield the Fundata Governance Score for each fund from 0-100: (1) Board Effectiveness, (2) Management Ethics, (3) Disclosure and Accountability.

Powered by OWL Analytics. For more information, please contact Fundata Canada.

View the full methodology

Fund Details

Start Date April 03, 1998
Instrument Type Exempt Product (Hedge Fund)
Share Class Commission Based Advice
Legal Status Trust
Sales Status Capped
Currency CAD
Distribution Frequency Annual
Assets ($mil) $11

Fund Codes

FundServ Code Load Code Sales Status
PGF1113

Investment Objectives

The principle objective is to provide growth of capital while minimizing volatility through investment in a combination of equities and income securities, while maintaining an opportunistic outlook for unique investment situations. Using a common sense businesslike approach, our core belief is that return is generated through company earnings, not stock trading; thus turnover is limited.

Investment Strategy

Emphasis is placed on equities trading at values of under two-thirds of the general market, that also have annuity stream revenues with lower debt and higher dividends. This results in a portfolio concentrated on fewer sectors of the overall economy such as food, drugs, utilities and financial services. Income is achieved through many avenues: investments in conventional government and corporate bonds, as well as preferred, convertible and broken convertible securities.

Portfolio Management

Portfolio Manager

PenderFund Capital Management Ltd.

  • David Barr
  • Felix Narhi
Sub-Advisor

-

Management and Organization

Fund Manager

PenderFund Capital Management Ltd.
Custodian

CIBC Mellon Trust Company
Registrar

-
Distributor

-

Investment Minimums

RSP Eligible Yes
PAC Allowed No
PAC Initial Investment -
PAC Subsequent -
SWP Allowed No
SWP Min Balance -
SWP Min Withdrawal -

Fees

MER 1.41%
Management Fee 1.00%
Load Back Fee Only
FE Max 2.00%
DSC Max -
Trailer Fee Max (FE) 0.75%
Trailer Fee Max (DSC) -
Trailer Fee Max (NL) -
Trailer Fee Max (LL) -

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