Investment Objective

To provide long term capital growth by taking advantage of the VALMO strategy in the Canadian market, with a momentum tilt.

Investment Strategy

The Canadian stock market is one of the markets in the world where momentum is the most powerful. The Canadian Equity Fund primarily selects securities that have the most momentum among the most liquid securities in the Canadian market and adds value stocks to that selection for portfolio diversification. The portfolio composition may be very different from the index.

Canadian Portfolio Structure    
Benchmark: S&P/TSX 60    
  Momentum Value
VALMO Composition: 60%-80% 20%-40%
Selection universe: 150 stocks S&P/TSX Composite
Number of stocks in portfolio 15-40 stocks 30-60 stocks
Revision period Monthly Monthly
Maximum regeneration period 3 months 6 months
Turnover 2-4 times a year Around once a year
Maximum by sector None None
Maximum by stock 10% 10%
Seasonal adjustment Yes No


Prior to April 2011, the Landry Funds were only available to accredited investors. Under the provisions of Regulation 81-102 on mutual funds, the returns for the period prior to public offering will not be published.

Performance (%) Net of Fees (Class F) as of March 31, 2017
1 Mth 3 Mth 6 Mth YTD 1 YR 3 YR 5 YR Since April 5, 2011
Fund 0.94 -0.29 4.12 -0.29 17.55 3.65 8.37 2.02
S&P/TSX 60 1.27 2.44 8.17 2.44 19.27 6.86 8.55 4.99

Sector Mix

As of March 31, 2017


Top 10 Holdings

As of March 31, 2017
Name Sector %
Royal Bank of Canada Financials 7.1%
Bank of Nova Scotia Financials 4.9%
Bank of Montreal Financials 4.0%
Toronto Dominion Bank Financials 4.0%
Canadian National Railway Industrials 3.7%
Manulife Financial Financials 3.5%
Suncor Energy Energy 3.4%
Canadian Natural Resources Energy 3.4%
Industrial Alliance Financials 3.0%
Canadian Imperial Bank Financials 2.9%