Liquid Alternative Equity
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.
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% | -0.9% | -1.4% | -1.3% | 2.7% | 1.9% | |||
| F | 0.5% | -0.6% | -0.9% | -0.4% | 3.7% | 3.1% |
| Class | Dec'22 | Dec'24 | Dec'25 | Since Inception | |
|---|---|---|---|---|---|
| A | $0.02 | $0.03 | $0.79 | $0.84 | |
| F | $0.02 | $0.00 | $0.72 | $0.74 |
| # | Security Name | Fund (%) |
|---|---|---|
| 1 | Crinetics Pharmaceuticals, Inc. | 4.8 |
| 2 | MAK Acquisition Corp. | 3.8 |
| 3 | Simulations Plus, Inc. | 3.4 |
| 4 | Laurentian Bank of Canada | 3.2 |
| 5 | Drugs Made In America Acquisition II Corp. | 2.8 |
| 6 | Utz Brands, Inc. | 2.8 |
| 7 | Bel Fuse Inc. | 2.8 |
| 8 | First Capital Real Estate Investment Trust | 2.8 |
| 9 | DT Cloud Star Acquisition Corporation | 2.7 |
| 10 | Vizsla Royalties Corp. | 2.7 |
| 11 | First Financial Bancorp. | -0.9 |
| 12 | Patrick Industries, Inc. | -0.9 |
| 13 | Transocean Ltd. | -1.3 |
| 14 | HomeTrust Bancshares, Inc. | -1.7 |
| 15 | iShares Bitcoin Trust ETF | -2.1 |
| 16 | Elemental Royalty Corporation | -2.5 |
| 17 | Bel Fuse Inc. | -3.4 |
| 18 | Canadian Treasury Bill, 0.000%, 09-Sep-2026 | -8.8 |
| 19 | United States Treasury Bill, 0.000%, 03-Sep-2026 | -18.1 |
| 20 | United States Treasury Bill, 0.000%, 03-Dec-2026 | -20.1 |
| Total Percentage of Top 10 Holdings | 31.80 | |
| Total Net Assets of Fund | $33,937,080 | |
| Code | Class | Description | MER | Trailer | Min. Investment Initial/[Subsequent] |
|---|---|---|---|---|---|
| PGF 2200 | A | Front End | 2.22 | 0.85 | $500/[$] |
| PGF 2250 | F | Fee Based | 1.23 | $500/[$] |
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 up 0.2% respectively1 in December 2025 while the HFRI ED: Merger Arbitrage Index (USD) returned 1.3%2. For the full year of 2025 the Funds were up 5.0% and 5.9% respectively while the HFRI ED: Merger Arbitrage Index (USD) returned 10.3%. […]
Dear Unitholders, The Pender Alternative Arbitrage Fund and the Pender Alternative Arbitrage Plus Fund were down -0.5% and -0.6% respectively1 in November 2025 while the HFRI ED: Merger Arbitrage Index (USD) returned 0.3%2. Portfolio Update November was another active month for the Fund, reflecting the continued momentum in the M&A market and a steady cadence […]
Dear Unitholders, The Pender Alternative Arbitrage Fund and the Pender Alternative Arbitrage Plus Fund were 1.0% and 0.8% respectively1 in October 2025 while the HFRI ED: Merger Arbitrage Index (USD) returned 0.1%2. Portfolio Update October saw a flurry of M&A activity allowing the Fund to initiate positions in 18 new merger deals while 16 deals […]
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