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Pender Alternative Arbitrage Fund Class A

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Alternative Market Neutrl

FundGrade C Click for more information on Fundata’s FundGrade

FundGrade C

Click for more information on Fundata’s FundGrade.

NAVPS
(09-17-2025) 		$9.99
Change
-$0.01 (-0.09%)

As at August 31, 2025

As at August 31, 2025

Period
Created with Highcharts 10.3.3Jan 2023Jan 2024Jan 2025Oct 2022Apr 2023Jul 2023Oct 2023Apr 2024Jul 2024Oct 2024Apr 2025Jul 2025Jan 2022Jul 2022Jan 2023Jul 2023Jan 2024Jul 2024Jan 2025Jul 2025$10,000$11,000$9,800$10,200$10,400$10,600$10,800Period

Legend

Pender Alternative Arbitrage Fund Class A

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Fund Returns

Inception Return (September 01, 2021): 3.05%

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 -0.22% 0.67% 3.12% 4.11% 4.55% 3.91% 2.68% - - - - - - -
Benchmark 4.96% 9.85% 14.09% 17.59% 25.86% 22.26% 17.49% 11.88% 14.98% 13.03% 11.75% 11.54% 11.06% 10.82%
Category Average 0.11% 0.74% 1.89% 2.63% 5.46% 6.75% 5.77% 1.27% 2.08% 0.74% - - - -
Category Rank 27 / 43 20 / 43 13 / 43 16 / 43 25 / 43 25 / 37 30 / 33 - - - - - - -
Quartile Ranking 3 2 2 2 3 3 4 - - - - - - -

Monthly Return

Created with Highcharts 10.3.3-4%-2%0%2%4%6%8%
Monthly Return
Return % Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug
Fund 0.21% 0.25% 0.13% -0.17% 0.55% 0.40% 0.06% 0.99% 1.37% 0.34% 0.55% -0.22%
Benchmark 3.15% 0.85% 6.37% -3.27% 3.48% -0.40% -1.51% -0.10% 5.56% 2.91% 1.69% 4.96%

Best Monthly Return Since Inception

1.37% (May 2025)

Worst Monthly Return Since Inception

-1.47% (October 2023)

Calendar Return (%)

Created with Highcharts 10.3.3-20%-10%0%10%20%30%
Calendar Return
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 - - - - - -3.57% -6.24% -1.79% 4.02% 9.41%
Quartile Ranking - - - - - - - 3 4 4
Category Rank - - - - - - - 18/ 33 33/ 37 36/ 37

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 56.96
Canadian Equity 16.86
Income Trust Units 16.81
International Equity 9.33
Foreign Corporate Bonds 0.42

Sector Allocation

Sector Allocation
Name Percent
Healthcare 15.06
Technology 14.14
Consumer Services 10.46
Financial Services 10.24
Real Estate 7.87
Other 42.23

Geographic Allocation

Geographic Allocation
Name Percent
North America 84.98
Latin America 5.69
Europe 3.46
Africa and Middle East 3.28
Asia 2.58
Other 0.01

Top Holdings

Top Holdings
Name Percent
Mercer Park Opportunities Corp - Units Cl A 5.63
Launch One Acquisition Corp Cl A 3.89
Avidxchange Holdings Inc 2.48
Wonderfi Technologies Inc 2.39
Valuence Merger Corp I 2.28
Sandstorm Gold Ltd 2.25
RF Capital Group Inc 2.22
HORIZON COPPER CORP 2.21
Chart Industries Inc 2.12
Couchbase Inc 2.05

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)

Created with Highcharts 10.3.3Risk (Annualized Standard Deviation)ReturnMedian DeviationMedian Return1234567891011121314151617-10%-5%0%5%10%15%20%

Pender Alternative Arbitrage Fund Class A

Median

Other - Alternative Market Neutrl

3 Yr Annualized

Standard Deviation 2.23% - -
Beta 0.09% - -
Alpha 0.01% - -
Rsquared 0.26% - -
Sharpe -0.60% - -
Sortino -0.19% - -
Treynor -0.15% - -
Tax Efficiency - - -
Volatility Volatility rating is 1 on a scale of 1 to 10 - -

Risk Rating

Rating 1 out of ten

Annualized Key Ratio Period Comparison

Key Ratio
Key Ratio 1 Yr 3 Yr 5 Yr 10 Yr
Standard Deviation 1.57% 2.23% - -
Beta 0.04% 0.09% - -
Alpha 0.04% 0.01% - -
Rsquared 0.05% 0.26% - -
Sharpe 0.89% -0.60% - -
Sortino 2.21% -0.19% - -
Treynor 0.40% -0.15% - -
Tax Efficiency 87.76% - - -

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) -

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 Management

Portfolio Manager

PenderFund Capital Management Ltd.

  • Amar Pandya
Sub-Advisor

-

Management and Organization

Fund Manager

PenderFund Capital Management Ltd.
Custodian

-
Registrar

-
Distributor

-

Investment Minimums

RSP Eligible Yes
PAC Allowed Yes
PAC Initial Investment 0
PAC Subsequent 0
SWP Allowed No
SWP Min Balance -
SWP Min Withdrawal -

Fees

MER 2.49%
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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