Liquid Alternative Equity
PenderFund has announced that this fund will be terminated on or about October 30, 2026.
Investors, please contact your financial advisor to discuss this.
You can also email Pender at info@penderfund.com.
Advisors, our team is reaching out to you with more information.
The Pender Alternative Arbitrage Fund aims to produce consistent and low volatility absolute returns by investing primarily in merger arbitrage opportunities. This low-risk strategy can be used to provide diversification benefits to clients with low correlation to traditional equity and fixed income investments.
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 | 0.5% | 0.1% | -0.3% | 0.0% | 2.8% | 2.6% | |||
| F | 0.5% | 0.3% | 0.1% | 0.8% | 3.5% | 3.3% | |||
| F (USD) | 0.6% | 0.6% | 0.7% | 1.8% | 4.4% | 3.8% |
| Class | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | Since Inception |
|---|---|---|---|---|---|---|
| A | $0.02 | $0.17 | $0.57 | $0.41 | $1.05 | $2.21 |
| F | $0.02 | $0.23 | $0.57 | $0.12 | $0.99 | $1.92 |
| I (USD) | $0.40 | $0.64 | $0.33 | $1.37 |
| # | Security Name | Fund (%) |
|---|---|---|
| 1 | MAK Acquisition Corp. | 4.6 |
| 2 | Green Dot Corporation | 2.0 |
| 3 | Drugs Made In America Acquisition II Corp. | 1.9 |
| 4 | Crinetics Pharmaceuticals, Inc. | 1.8 |
| 5 | Laurentian Bank of Canada | 1.7 |
| 6 | Utz Brands, Inc. | 1.6 |
| 7 | Vizsla Royalties Corp. | 1.6 |
| 8 | EQV Ventures Acquisition Corp. II | 1.5 |
| 9 | Integer Holdings Corporation | 1.3 |
| 10 | Weave Communications, Inc. | 1.3 |
| 11 | Banner Corporation | -0.2 |
| 12 | GO Residential Real Estate Investment Trust | -0.3 |
| 13 | iShares Bitcoin Trust ETF | -1.4 |
| 14 | Elemental Royalty Corporation | -1.4 |
| Total Percentage of Top 10 Holdings | 19.30 | |
| Total Net Assets of Fund | $7,739,520 | |
| Code | Class | Description | MER | Trailer | Min. Investment Initial/[Subsequent] |
|---|---|---|---|---|---|
| PGF 2140 | A | Front End - HNW | 2.22 | 0.85 | $500/[$] |
| PGF 2150 | F | Fee Based | 1.35 | $500/[$] | |
| PGF 2151 | F (USD) | Fee Based | 1.75 | $500/[$] |
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.
Dear Unitholders, The Pender Alternative Arbitrage Fund and the Pender Alternative Arbitrage Plus Fund were 0.4% and 0.7%1 respectively in May 2026 while the HFRI ED: Merger Arbitrage Index (USD) returned 0.2%2. M&A Market Update M&A activity remained robust through May despite ongoing geopolitical uncertainty, tariff negotiations and concerns about economic growth. According to LSEG […]
Dear Unitholders, The Pender Alternative Arbitrage Fund and the Pender Alternative Arbitrage Plus Fund were -0.1% and 0.0%1 respectively in April 2026 while the HFRI ED: Merger Arbitrage Index (USD) returned 2.3%2. M&A Market Update Global M&A activity continued at its near historic record pace with over $1.8 trillion of global deal activity through the […]
Dear Unitholders, The Pender Alternative Arbitrage Fund and the Pender Alternative Arbitrage Plus Fund were down -0.5% and -1.0%1 respectively in March 2026 while the HFRI ED: Merger Arbitrage Index (USD) returned 0.5%2. M&A Market Update Global M&A activity accelerated into the end of the first quarter, with total announced deal value reaching approximately $1.2 […]
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