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 Composite    
     
  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

Returns

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 Under the provisions of Regulation 81-102 on mutual funds, the returns for the period prior to public offering will not be published.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 September 30, 2017
1 Mth 3 Mth 6 Mth YTD 1 YR 3 YR 5 YR Since April 5, 2011
Fund 2.97 4.56 -0.73 -1.01 3.36 2.35 7.40 1.75
S&P/TSX Composite 3.06 3.68 1.99 4.45 9.18 4.54 8.06 4.45

Sector Mix

As of September 30, 2017

LMCM en

Top 10 Holdings

As of September 30, 2017
Name Sector %
Bank of Nova Scotia Financials 5.1%
Royal Bank of Canada Financials 4.8%
Suncor Energy Energy 4.7%
Canadian National Railway Industrials 3.9%
Cogeco Communication Information Technology 3.6%
Canadian Natural Resources Energy 3.6%
Air Canada Industrials 3.4%
Premium Brands Holdings Consumer Staples 3.0%
Manulife Financial Financials 2.6%
Shopify Information Technology 2.6%