MoneySense MagazineIn the latest edition, the Pender Small Cap Opportunites Fund was identified as the top performing small cap fund in Canada with a 5 year annualized return of 21.71%. This means that $10K invested in this fund 5 years ago is now worth $26,708. Below are the top 10 holdings in this fund as of the end of January. GLTA
| TOP 10 HOLDINGS | % of Fund |
| Absolute Software Corporation | 5.47 |
| Terago Inc. | 3.59 |
| Nobilis Health Corp. | 3.49 |
| QHR Corporation | 3.35 |
| Espial Group, Inc. | 3.26 |
| TIO Networks Corp. | 3.25 |
| RDM Corporation | 3.08 |
| Redline Communications Group Inc. | 3.00 |
| Ebix Inc. | 2.98 |
| Maxim Power Corp. | 2.77 |
| Total Percentage of Top10 Holdings | 34.23% |
| Total NetAssets of Fund | $114 Million |