For the five-year period ended January 31, 2016, the Pender Small Cap Class F Opportunities Fund was

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For the five-year period ended January 31, 2016, the Pender Small Cap Class F Opportunities Fund was one of the best performers of all Canadian mutual funds. It effectively earned a compound annual return of 19.3% for the five-year period. The RBC Canadian Index Fund, on the other hand, had a compound annual return over five years of only 1.2%. How much more would an initial $1000 investment in the Pender Fund have earned over the five-year period than a $1000 investment in the Canadian Index Fund?

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