Liquid Alternative Equity
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 September 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 and the Simplified Prospectus dated August 29, 2022, available on SEDAR+ at www.sedarplus.ca.
As at June 30, 2026. The management expense ratio ("MER") is calculated based on expenses charged to the fund inclusive of applicable taxes including GST and HST (excluding commissions, performance fees 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.
| Class | 1 Mo. | 3 Mo. | 6 Mo. | 1 Yr. | 3 Yr. | 5 Yr. | 10 Yr. | 15 Yr. | Since Inception |
|---|---|---|---|---|---|---|---|---|---|
| A | 6.8% | -3.6% | -1.2% | 23.6% | 27.6% | 18.1% | 29.1% | ||
| F | 6.7% | -3.5% | -0.9% | 24.3% | 27.9% | 18.3% | 16.2% |
| # | Security Name | Fund (%) |
|---|---|---|
| 1 | Carrier Connect Data Solutions Inc. | 6.2 |
| 2 | Telesat Corporation | 5.6 |
| 3 | Sangoma Technologies Corporation | 5.2 |
| 4 | Blue Moon Metals Inc. | 5.2 |
| 5 | McDermott International Ltd. | 4.5 |
| 6 | NexGen Energy Ltd. | 4.0 |
| 7 | Kraken Robotics Inc. | 3.8 |
| 8 | Glass House Brands Inc. | 3.8 |
| 9 | IsoEnergy Ltd. | 3.4 |
| 10 | Logan Energy Corp. | 3.2 |
| 11 | Bel Fuse Inc. | -1.0 |
| 12 | iShares Bitcoin Trust ETF | -2.6 |
| 13 | iShares Core S&P/TSX Capped Composite Index ETF | -3.9 |
| 14 | SPDR S&P 500 ETF Trust | -4.1 |
| 15 | Invesco QQQ Trust, Series "1 | -4.8 |
| 16 | iShares Russell 2000 ETF | -5.0 |
| Total Percentage of Top 10 Holdings | 44.90 | |
| Total Net Assets of Fund | $10,277,837 | |
| Code | Class | Description | MER | Trailer | Min. Investment Initial/[Subsequent] |
|---|---|---|---|---|---|
| PGF 1500 | A | Front End | 5.08 | 1.00 | $500/[$] |
| PGF 1550 | F | Fee Based | 4.37 | $500/[$] |
As at 30-06-2026. The management expense ratio (“MER”) is calculated based on expenses charged to the fund inclusive of applicable taxes including GST and HST (excluding commissions, performance fees 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.
The Pender Alternative Special Situations Fund returned 6.7%1 in August, compared to the S&P/TSX Composite, which rose 3.1% during the month. Fund Specific Updates Following a more challenging July, August marked a return to positive territory for the themes we most closely track, as well as several event-driven holdings contributing strongly to performance. In a […]
Only available in EnglishThe Pender Alternative Special Situations Fund returned -6.4%1 in July, compared to the S&P/TSX Composite, which rose 1.2% during the month. Fund Specific Updates July was a challenging month for the Fund, as our holdings in two of our key thematics (space/defense and critical minerals) underperformed. MDA Space Ltd. (MDA), Telesat Corp. (TSAT) and Kraken […]
The Pender Alternative Special Situations Fund returned -3.4%1 in June, compared to the S&P/TSX Composite, which rose 0.5% during the month. In what seems to be the theme of the year, volatility continued to impact equity markets. Artificial intelligence (AI) stocks saw continued periods of volatility over the month, as large capex numbers keep raising […]
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