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Pender Alternative Special Situations Fund Class A

Alternative Equity Focus

FundGrade B Click for more information on Fundata’s FundGrade

FundGrade B

Click for more information on Fundata’s FundGrade.

NAVPS
(04-18-2024)
$21.90
Change
-$0.28 (-1.27%)

As at March 31, 2024

As at March 31, 2024

Period
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Legend

Pender Alternative Special Situations Fund Class A

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Fund Returns

Inception Return (July 10, 2020): 33.04%

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 7.83% 17.39% 22.82% 17.39% 33.07% 8.36% 13.75% - - - - - - -
Benchmark 4.14% 6.62% 15.26% 6.62% 13.96% 3.95% 9.11% 16.99% 9.96% 9.65% 8.48% 9.70% 7.76% 7.67%
Category Average 2.33% 13.77% 13.77% 8.40% 14.38% 5.99% 5.81% 11.19% - - - - - -
Category Rank 6 / 189 11 / 166 17 / 160 11 / 166 19 / 151 44 / 134 7 / 101 - - - - - - -
Quartile Ranking 1 1 1 1 1 2 1 - - - - - - -

Monthly Return

Monthly Return
Return % Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar
Fund 4.72% -4.66% -0.25% 4.59% 2.19% 1.79% -8.45% 7.59% 6.23% 6.13% 2.57% 7.83%
Benchmark 2.90% -4.95% 3.36% 2.58% -1.37% -3.33% -3.21% 7.48% 3.91% 0.55% 1.82% 4.14%

Best Monthly Return Since Inception

15.87% (November 2020)

Worst Monthly Return Since Inception

-12.44% (September 2022)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund - - - - - - - 37.10% -16.46% 23.00%
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 - - - - - - - 1 4 1
Category Rank - - - - - - - 4/ 97 98/ 123 25/ 149

Best Calendar Return (Last 10 years)

37.10% (2021)

Worst Calendar Return (Last 10 years)

-16.46% (2022)

Asset Allocation

Asset Allocation
Name Percent
Canadian Equity 63.28
US Equity 23.93
International Equity 6.11
Foreign Corporate Bonds 4.17
Income Trust Units 2.10
Other 0.41

Sector Allocation

Sector Allocation
Name Percent
Technology 28.63
Healthcare 18.14
Energy 9.63
Financial Services 6.11
Basic Materials 5.40
Other 32.09

Geographic Allocation

Geographic Allocation
Name Percent
North America 93.88
Europe 6.11
Other 0.01

Top Holdings

Top Holdings
Name Percent
GH GROUP INC PFD SER C 7.73
Altius Renewable Royalties Corp 6.26
Burford Capital Ltd 6.11
Glass House Brands Inc 6.05
Thinkific Labs Inc 5.55
dentalcorp Holdings Ltd 4.94
Anterix Inc 4.48
Copperleaf Technologies Inc 4.32
GLASS HOUSE BRAND INC 5.00% 31-Aug-2027 4.17
PARTNERS VALUE INVESTMENTS LP 4.01

Equity Style

Market capitalization is small. Equity style is growth.

Fixed Income Style

Fixed income style data not available
Period: 

Risk vs Return (3 Yr)

Pender Alternative Special Situations Fund Class A

Median

Other - Alternative Equity Focus

3 Yr Annualized

Standard Deviation 19.64% - -
Beta 0.97% - -
Alpha 0.06% - -
Rsquared 0.43% - -
Sharpe 0.62% - -
Sortino 0.94% - -
Treynor 0.13% - -
Tax Efficiency - - -
Volatility Volatility rating is 10 on a scale of 1 to 10 - -

Risk Rating

Rating 10 out of ten

Annualized Key Ratio Period Comparison

Key Ratio
Key Ratio 1 Yr 3 Yr 5 Yr 10 Yr
Standard Deviation 17.17% 19.64% - -
Beta 1.02% 0.97% - -
Alpha 0.16% 0.06% - -
Rsquared 0.57% 0.43% - -
Sharpe 1.49% 0.62% - -
Sortino 2.73% 0.94% - -
Treynor 0.25% 0.13% - -
Tax Efficiency 96.95% - - -

Fund Details

Start Date July 10, 2020
Instrument Type Mutual Fund (Alternative)
Share Class Commission Based Advice
Legal Status -
Sales Status Open
Currency CAD
Distribution Frequency Annual
Assets ($mil) $2

Fund Codes

FundServ Code Load Code Sales Status
PGF1500

Investment Objectives

The Fund’s objective is to achieve long-term capital appreciation by investing primarily in Canadian and US equities with the ability to also invest in debt and other securities. The Fund seeks to identify investment opportunities that are believed to represent special situations.

Investment Strategy

The Fund aims to identify investment opportunities that it believes represents special situations, which are investments that may realize a revaluation, the potential for which has not been reflected by the market. This includes seeking to capitalize on changes in fundamentals, sentiment or momentum for companies and industries.

Portfolio Manager(s)

Name Start Date
Amar Pandya 09-27-2022

Management and Organization

Fund Manager PenderFund Capital Management Ltd.
Advisor PenderFund Capital Management Ltd.
Custodian -
Registrar -
Distributor -
Auditor -

Investment Minimums

RSP Eligible Yes
PAC Allowed Yes
PAC Initial Investment 5,000
PAC Subsequent 100
SWP Allowed No
SWP Min Balance -
SWP Min Withdrawal -

Fees

MER 0.00%
Management Fee 1.95%
Load Front 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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