Pender Alternative Special Situations Fund

The Pender Alternative Special Situations Fund aims to identify investment opportunities that the Manager believes represent special situations – when a company is undergoing a value changing event which has not yet been recognized by the market. There are often opportunities for companies and industries when there is a change in fundamentals, sentiment or momentum or another catalyst present, such as a restructuring. The Fund aims to achieve long-term capital appreciation by investing primarily in Canadian and US equities with the ability to also invest in debt and other securities.

As at Sept. 1, 2022 (the “Conversion Date”), the Fund amended its investment objectives and strategies and converted from a conventional mutual fund to an alternative mutual fund. For further information, please see the news release under the Documents tab and the Simplified Prospectus dated August 29, 2022, available on SEDAR+ at www.sedarplus.ca or under the Legal & Financial tab. 

Performance (%) - April 30, 20251 Mo.3 Mo.6 Mo.1 Yr.2 Yr.3 Yr.5 Yr.10 Yr.15 Yr.YTDSince InceptionInception Date
A0.4-5.6-4.4-4.913.57.6-6.525.12020-07-10
F0.4-5.6-4.4-4.913.57.6-6.525.12020-07-10
Annual Performance (%)20172018201920202021202220232024YTD
A37.1-16.523.027.1-6.5
F37.1-16.523.027.1-6.5

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

  • Asset Allocation(%)
    Canadian Equities79.5
    US Equities27.6
    Other Assets2.2
    Cash-9.3
    Sector Allocation(%)
    Materials21.6
    Information Technology18.4
    Energy18.0
    Health Care13.6
    Industrials13.1
    Financial Services13.0
    Other Sectors6.7
    Consumer Staples4.9
    Cash-9.3
    Currency Allocation(%)
    CAD69.0
    USD31.0
    Top 10 HoldingsFund (%)
    Highlander Silver Corp.9.7
    dentalcorp Holdings Ltd.8.6
    GH Group, Inc.6.9
    5N Plus Inc.5.3
    Burford Capital Limited4.6
    Logan Energy Corp.4.2
    Partners Value Investments LP3.8
    Mercer Park Opportunities Corp.3.4
    MDA Space Ltd.3.4
    Kraken Robotics Inc.3.2
    Total Percentage of Top 10 Holdings53.10%
    Total Net Assets of Fund$3,124,666
  • Class Code DescriptionMER1 Before Performance FeeTrailerPerformance Fee2Min. Investment: Initial/[Subsequent]
    APGF 1500Front End0.00%1.00%15% / 6% hurdle$5,000/[$100]
    FPGF 1510Fee Based0.00%15% / 6% hurdle$5,000/[$100]
    IPGF 1550Fee Based – HNW0.00%15% / 6% hurdle$100,000/[$100]

    1 MER was NIL as at 2024-12-31 due to waiver of fees. 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.

    2 15% of the amount by which the total return of the class of units exceeds a 6% hurdle rate

    Asset Class: Alternative Equity Focused
    Inception Date: July 10, 2020
    Valuation Frequency: Daily
    Distributions: DRIP Annually, Cash Optional
    Benchmark: S&P/TSX Composite Index (CAD)
    Performance Fee: 15% of the amount by which the total return of the class of units exceeds a 6% hurdle rate
    Portfolio Manager: Amar Pandya, CFA

  • Resources

    Press Release

    Know Your Product

      Monthly

      Pender Alternative Special Situations Fund – Profile Sheet – CAD – Class A

      Pender Alternative Special Situations Fund – Profile Sheet – CAD – Class F

      Annual (POS)

        For More Visit: Legal & Financial

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

      Amar Pandya

      Amar Pandya

      Portfolio Manager

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

      Read More

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