Pender Small Cap Opportunities Fund

Classes B and G of the Pender Small Cap Opportunities Fund are currently open to retail investors.

The Pender Small Cap Opportunities Fund is an opportunistic, concentrated portfolio. The Fund is focused on undervalued small and microcap companies with strong underlying economics, predominantly in Canada. The manager often seeks out special situations, and has a track record of identifying catalysts, where market-leading companies have been acquired. After deep fundamental analysis these businesses are purchased at a discount to our estimate of intrinsic value.

Visit the Pender Small Cap Hub for all of our latest news, information and articles.

Since Inception returns are from June 2009. All returns greater than a year are annual compounded returns.

Performance (%) - June 28, 20241 Mo.3 Mo.6 Mo.1 Yr.2 Yr.3 Yr.5 Yr.10 Yr.15 Yr.YTDSince InceptionInception Date
A4.84.323.728.313.8-3.111.710.822.023.714.12009-06-01
F4.94.624.429.715.0-2.112.912.023.824.415.22009-06-01
Annual Performance (%)20162017201820192020202120222023YTD
A26.18.5-16.319.246.324.7-29.35.023.7
F27.49.6-15.420.347.826.0-28.56.224.4

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

  • Asset Allocation(%)
    Canadian Equities93.4
    Us Equities10.3
    Other Assets0.8
    Cash-4.5
    Sector Allocation(%)
    Information Technology44.9
    Health Care14.0
    Industrials13.3
    Energy10.1
    Utilities6.0
    Consumer Discretionary5.8
    Materials4.5
    Financial Services3.0
    Real Estate1.6
    Consumer Staple0.8
    Insurance0.3
    Cash-4.5
    Currency Allocation(%)
    Cad89.1
    Usd10.9
    Top 10 HoldingsFund (%)
    Copperleaf Technologies Inc.8.0
    Sylogist Ltd.5.6
    TerraVest Industries Inc.5.3
    Blackline Safety Corp.4.7
    Kraken Robotics Inc.4.6
    D2L Inc.4.2
    Dye & Durham Limited4.1
    Thinkific Labs Inc.4.0
    Sangoma Technologies Corporation4.0
    PAR Technology Corporation3.7
    Total Percentage of Top 10 Holdings48.20%
    Total Net Assets of Fund$326,996,800
  • ClassFund Codes DescriptionMER* before performance fee MER*  Min. Investment: Initial/[Subsequent]Performance Fee
    APGF 315Front End2.64%2.64%Closed to new purchases–
    FPGF 320Fee Based1.59%1.59%Closed to new purchases–
    HPGF 342Front End – HNW2.15%2.15%Closed to new purchases–
    BPGF 380Front End2.64%2.64%$5,000 / [$100]20% of excess of total return over benchmark
    return, subject to a high water mark
    GPGF 390Fee Based 1.59%1.59%$5,000 / [$100]20% of excess of total return over benchmark
    return, subject to a high water mark

    *As at 2023-12-31. 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:  Small Cap Equity
    Inception Date: June 1, 2009
    Valuation Frequency: Weekly
    Eligibility: Canada-wide, Registered Plans
    Distributions: DRIP annually, cash optional
    Benchmark: S&P/TSX Composite Index
    Portfolio Manager: David Barr, CFA.

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David Barr

David Barr

CEO & Portfolio Manager

Mr. Barr is the CEO of Pender. He is also the Portfolio Manager of several of Pender’s funds.

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