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Alternative Equity Focus
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|
NAVPS (01-10-2025) |
$9.68 |
|---|---|
| Change |
$0.00
(0.04%)
|
As at December 31, 2024
As at December 31, 2024
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Inception Return (September 01, 2021): 2.43%
| 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 | -0.17% | 0.22% | 1.23% | 2.71% | 2.71% | 1.60% | 2.00% | - | - | - | - | - | - | - |
| Benchmark | -3.27% | 3.76% | 14.71% | 21.65% | 21.65% | 16.60% | 8.58% | 12.49% | 11.08% | 12.96% | 9.55% | 9.49% | 10.72% | 8.65% |
| Category Average | -1.80% | 1.52% | 5.91% | 16.55% | 16.55% | 11.43% | 5.30% | 8.17% | 7.55% | - | - | - | - | - |
| Category Rank | 84 / 226 | 165 / 211 | 174 / 206 | 148 / 169 | 148 / 169 | 132 / 149 | 100 / 123 | - | - | - | - | - | - | - |
| Quartile Ranking | 2 | 4 | 4 | 4 | 4 | 4 | 4 | - | - | - | - | - | - | - |
| Return % | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fund | -0.68% | 0.83% | 0.67% | -0.46% | 0.31% | 0.80% | 0.66% | 0.14% | 0.21% | 0.25% | 0.13% | -0.17% |
| Benchmark | 0.55% | 1.82% | 4.14% | -1.82% | 2.77% | -1.42% | 5.87% | 1.22% | 3.15% | 0.85% | 6.37% | -3.27% |
1.15% (August 2022)
-1.47% (October 2023)
| Return % | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|---|---|---|---|
| Fund | - | - | - | - | - | - | - | 2.81% | 0.49% | 2.71% |
| 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% | 16.55% |
| Quartile Ranking | - | - | - | - | - | - | - | 1 | 4 | 4 |
| Category Rank | - | - | - | - | - | - | - | 16/ 123 | 124/ 149 | 148/ 169 |
2.81% (2022)
0.49% (2023)
| Name | Percent |
|---|---|
| US Equity | 70.19 |
| Canadian Equity | 15.31 |
| International Equity | 11.01 |
| Income Trust Units | 3.30 |
| Foreign Corporate Bonds | 0.11 |
| Other | 0.08 |
| Name | Percent |
|---|---|
| Technology | 21.10 |
| Consumer Services | 10.64 |
| Financial Services | 10.47 |
| Industrial Goods | 9.94 |
| Industrial Services | 7.77 |
| Other | 40.08 |
| Name | Percent |
|---|---|
| North America | 87.64 |
| Latin America | 4.16 |
| Africa and Middle East | 3.80 |
| Other | 4.40 |
| Name | Percent |
|---|---|
| MERCER PARK OPPORTUNITIES CO | 4.40 |
| Walkme Ltd | 3.80 |
| Launch One Acquisition Corp | 3.05 |
| Smartsheet Inc Cl A | 2.98 |
| Barnes Group Inc | 2.87 |
| Manitex International Inc | 2.81 |
| Enstar Group Ltd | 2.80 |
| FILO CORP | 2.79 |
| Bally's Corp | 2.76 |
| Redishred Capital Corp | 2.72 |
Pender Alternative Arbitrage Fund Class A
Median
Other - Alternative Equity Focus
| Standard Deviation | 2.22% | - | - |
|---|---|---|---|
| Beta | 0.07% | - | - |
| Alpha | 0.01% | - | - |
| Rsquared | 0.21% | - | - |
| Sharpe | -0.74% | - | - |
| Sortino | -0.55% | - | - |
| Treynor | -0.23% | - | - |
| Tax Efficiency | - | - | - |
| Volatility |
|
- | - |
| Key Ratio | 1 Yr | 3 Yr | 5 Yr | 10 Yr |
|---|---|---|---|---|
| Standard Deviation | 1.67% | 2.22% | - | - |
| Beta | 0.06% | 0.07% | - | - |
| Alpha | 0.01% | 0.01% | - | - |
| Rsquared | 0.16% | 0.21% | - | - |
| Sharpe | -1.01% | -0.74% | - | - |
| Sortino | -0.24% | -0.55% | - | - |
| Treynor | -0.26% | -0.23% | - | - |
| Tax Efficiency | 79.38% | - | - | - |
| 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) | $15 |
| FundServ Code | Load Code | Sales Status |
|---|---|---|
| PGF2100 |
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.
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.
| Name | Start Date |
|---|---|
| Amar Pandya | 09-27-2022 |
| Fund Manager | PenderFund Capital Management Ltd. |
|---|---|
| Advisor | PenderFund Capital Management Ltd. |
| Custodian | - |
| Registrar | - |
| Distributor | - |
| Auditor | - |
| RSP Eligible | Yes |
|---|---|
| PAC Allowed | Yes |
| PAC Initial Investment | 5,000 |
| PAC Subsequent | 100 |
| SWP Allowed | No |
| SWP Min Balance | - |
| SWP Min Withdrawal | - |
| MER | 2.48% |
|---|---|
| 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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