Join Fund Library now and get free access to personalized features to help you manage your investments.

Pender Alternative Arbitrage Fund Class A

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
(07-11-2024)
$9.73
Change
$0.01 (0.09%)

As at June 30, 2024

As at June 30, 2024

As at February 29, 2024

Period
Loading...

Legend

Pender Alternative Arbitrage Fund Class A

Compare Options


Fund Returns

Inception Return (September 01, 2021): 2.42%

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 0.80% 0.64% 1.46% 1.46% 2.33% 2.05% - - - - - - - -
Benchmark -1.42% -0.53% 6.05% 6.05% 12.13% 11.27% 5.98% 12.35% 9.28% 8.36% 8.65% 8.95% 7.89% 6.95%
Category Average 0.35% 10.04% 10.04% 10.04% 15.19% 9.41% 4.89% 9.36% 6.79% - - - - -
Category Rank 82 / 192 121 / 185 133 / 162 133 / 162 123 / 150 104 / 133 - - - - - - - -
Quartile Ranking 2 3 4 4 4 4 - - - - - - - -

Monthly Return

Monthly Return
Return % Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun
Fund 0.31% -0.42% 0.42% -1.47% 1.02% 1.01% -0.68% 0.83% 0.67% -0.46% 0.31% 0.80%
Benchmark 2.58% -1.37% -3.33% -3.21% 7.48% 3.91% 0.55% 1.82% 4.14% -1.82% 2.77% -1.42%

Best Monthly Return Since Inception

1.15% (August 2022)

Worst Monthly Return Since Inception

-1.47% (October 2023)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund - - - - - - - - 2.81% 0.49%
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
Category Rank - - - - - - - - 15/ 122 113/ 146

Best Calendar Return (Last 10 years)

2.81% (2022)

Worst Calendar Return (Last 10 years)

0.49% (2023)

Asset Allocation

Asset Allocation
Name Percent
US Equity 76.78
International Equity 12.83
Canadian Equity 10.16
Cash and Equivalents 0.19
Income Trust Units 0.07
Other -0.03

Sector Allocation

Sector Allocation
Name Percent
Technology 25.81
Healthcare 15.29
Financial Services 10.62
Consumer Services 9.05
Basic Materials 5.24
Other 33.99

Geographic Allocation

Geographic Allocation
Name Percent
North America 87.20
Europe 5.62
Asia 3.82
Africa and Middle East 3.38
Latin America 0.00
Other -0.02

Top Holdings

Top Holdings
Name Percent
Everbridge Inc 4.20
Model N Inc 4.13
Apartment Income REIT Corp 3.77
Nuvei Corp 3.57
Copperleaf Technologies Inc 3.13
DecisionPoint Systems Inc 3.08
Park Lawn Corp 2.81
Vericity Inc 2.76
Endeavor Group Holdings Inc Cl A 2.74
Whole Earth Brands Inc Cl A 2.71

Equity Style

Market capitalization is small. Equity style is growth.

Fixed Income Style

Fixed income style data not available

Risk vs Return (3 Yr)

3 Yr Annualized

Standard Deviation - - -
Beta - - -
Alpha - - -
Rsquared - - -
Sharpe - - -
Sortino - - -
Treynor - - -
Tax Efficiency - - -
Volatility - - -

Risk Rating

Rating Not Available

Annualized Key Ratio Period Comparison

Key Ratio
Key Ratio 1 Yr 3 Yr 5 Yr 10 Yr
Standard Deviation - - - -
Beta - - - -
Alpha - - - -
Rsquared - - - -
Sharpe - - - -
Sortino - - - -
Treynor - - - -
Tax Efficiency - - - -

Fundata ESG Metrics

Fundata ESG Score

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

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

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

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.

Fund Details

Start Date September 01, 2021
Instrument Type Mutual Fund (Alternative)
Share Class Commission Based Advice
Legal Status Trust
Sales Status Open
Currency CAD
Distribution Frequency Annual
Assets ($mil) $19

Fund Codes

FundServ Code Load Code Sales Status
PGF2100

Investment Objectives

The investment objective of the Fund is to generate consistent, positive returns, with low volatility and low correlation to equity markets by investing primarily in North American securities. The Fund may also invest in foreign and other securities.

Investment Strategy

To achieve the Fund’s investment objectives, the Manager intends that the Fund will primarily employ arbitrage strategies, which are specialized investment techniques designed to profit from the successful completion of mergers, take-overs, tender offers, leveraged buyouts, spin-offs, liquidations, and other corporate reorganizations.

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 2.46%
Management Fee 1.80%
Load Back Fee Only
FE Max 5.00%
DSC Max -
Trailer Fee Max (FE) -
Trailer Fee Max (DSC) -
Trailer Fee Max (NL) -
Trailer Fee Max (LL) -

Join Fund Library now and get free access to personalized features to help you manage your investments.