Pender Value Fund Holdings

Asset Allocation (%)
US Equities 47.8
Canadian Equities 38.8
Foreign Equities 4.4
US Corporate Bonds 2.9
Cash 6.1
Asset Allocation (%)
US Equities 47.8
Canadian Equities 38.8
Foreign Equities 4.4
US Corporate Bonds 2.9
Cash 6.1
Sector Allocation (%)
Consumer Discretionary 22.2
Information Technology 15.2
Diversified Financials 13.3
Materials 11.2
Communication Services 10.3
Real Estate 9.5
Industrials 4.2
Energy 4.0
Healthcare 4.0
Cash 6.1
Sector Allocation (%)
Consumer Discretionary 22.2
Information Technology 15.2
Diversified Financials 13.3
Materials 11.2
Communication Services 10.3
Real Estate 9.5
Industrials 4.2
Energy 4.0
Healthcare 4.0
Cash 6.1
Currency Allocation (%)
United States 54.4
Canadian 41.2
Other Sectors 4.4
Currency Allocation (%)
United States 54.4
Canadian 41.2
Other Sectors 4.4
Top 10 Holdings Fund (%)
CCL Industries Inc. 5.5 
The Howard Hughes Corp 4.5 
Naspers Limited 4.5 
KKR & Co. Inc. 4.4 
SS&C Technologies Holdings 4.0 
Zillow Group, Inc. 3.6 
Exor N.V. 3.6 
Diversified Royalty Corp. 3.3 
Winpak Ltd. 3.2 
Onex Corporation 3.1 
Total Percentage of Top 10 Holdings 39.7%
Total Net Assets of Fund $346.79M