Performance

Print Friendly Pender Small Cap Opportunities Fund Fact Sheet

Portfolio Information

_{Note 1: As of December 31, 2011}

Returns (%)

_{Note 2: Annualized return since inception date of fund on June 1, 2009}

Growth of $10,000 Since Inception

_{* Benchmark is the S&P/TSX Capped Composite Index}

Please note that the indicated rates of return are the historical annual compounded total returns including changes in net asset value and are net of all management and administrative fees, but do not take into account sales, redemption or optional charges or income taxes payable by any security holder that would have reduced returns.