Pender Alternative Arbitrage Plus Fund

The Pender Alternative Arbitrage Plus Fund aims to produce consistent and low volatility absolute returns by investing primarily in merger arbitrage opportunities. This low-risk strategy aims to enhance returns by using leverage and can be used to provide diversification benefits to clients with low correlation to traditional equity and fixed income investments.

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Performance (%) - December 31, 20241 Mo.3 Mo.6 Mo.1 Yr.2 Yr.3 Yr.5 Yr.10 Yr.15 Yr.YTDSince InceptionInception Date
A-0.20.31.53.21.43.21.72022-09-01
F-0.10.62.04.22.34.22.62022-09-01
Annual Performance (%)20172018201920202021202220232024YTD
A-0.53.23.2
F0.54.24.2

Standard Performance Data is subject to important disclosures set out in our Disclaimer.

  • Asset AllocationLong (%)Short (%)
    US Equities127.7-10.9
    Canadian Equities25.0-0.9
    Cash-41.0
    Sector AllocationLong (%)Short (%)
    Financial Services32.7
    Information Technology25.5
    Industrials20.2
    Materials15.4-1.2
    Consumer Discretionary12.9
    Health Care9.9
    Banks9.1-7.3
    Energy8.5-3.3
    Utilities5.4
    Communication Services4.8
    Real Estate4.7
    Insurance3.7
    Cash-41.0
    Currency AllocationLong (%)Short (%)
    USD127.8-10.9
    CAD25.0-0.9
    Cash-41.0
    Top 10 HoldingsFund (%)
    Mercer Park Opportunities Corp.5.0
    Nuvei Corporation4.9
    Osisko Mining Inc.4.6
    Atlantica Sustainable Infrastructure plc4.6
    WalkMe Ltd.4.4
    Envestnet, Inc.4.4
    R1 RCM Inc.4.4
    Hamilton Thorne Ltd.4.4
    Iteris, Inc.4.2
    PowerSchool Holdings, Inc.4.2
    Tourmaline Oil Corp.-0.1
    Hope Bancorp, Inc.-0.2
    Cleveland-Cliffs Inc.-0.4
    CoStar Group, Inc.-0.6
    WSP Global Inc.-1.0
    German American Bancorp, Inc.-1.2
    Chevron Corporation-1.3
    First Majestic Silver Corp.-2.2
    UMB Financial Corporation-3.1
    Chesapeake Energy Corporation-3.2
    Total Percentage of Top 10 Holdings45.10%
    Total Net Assets of Fund$12,384,990
  • Class Fund Codes Description MER* before performance fee MER* Minimum Investment: Initial/[Subsequent]
    A PGF 2200 Front End 2.49% 2.99% $5,000 / [$100]
    F PGF 2210 Fee Based 1.39% 2.22% $5,000 / [$100]
    I PGF 2250 Fee Based – HNW 1.21% 2.02% $100,000 / [$100]
    F ($US) PGF 2211 Fee Based 1.36% 4.09% $5,000 / [$100]

    * MERs are as of 2024-06-30. The management expense ratio (“MER”) is calculated based on expenses charged to the fund inclusive of applicable taxes including GST and HST (excluding commissions and other portfolio transaction costs) and is expressed as an annualized percentage of average net assets for the period/year. The applicable taxes are calculated using the attribution percentage for each province based on unitholder residency.

    Asset Class: Alternative Merger Arbitrage
    Inception Date: September 1, 2022
    Risk Rating: Low
    Valuation Frequency: Daily
    Distributions: DRIP annually, cash optional
    Benchmark: HFRI ED: Merger Arbitrage Index (Hedged to CAD)
    Performance Fee: 15% of the amount by which the total return of the class of units exceeds its high-water mark for the period since the performance fee was last paid.
    Portfolio Manager: Amar Pandya, CFA

  • KNOW YOUR PRODUCT

    Pender Alternative Arbitrage Plus Fund –  December 31, 2024

    Monthly

    Pender Alternative Arbitrage Plus Fund – Profile Sheet – CAD – Class F

    Annual (POS)

    For More Visit: Legal & Financial

Amar Pandya

Amar Pandya

Portfolio Manager

Amar Pandya is a Portfolio Manager at Pender. He joined the company in October 2017.

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