Investment Objective

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

Investment Strategy

The benchmark in the management of global equities is the MSCI World Index. The weight of each country in the Global Equity is not aligned with its index weight, but the allocations to the 5 large regions of the world (United States, Continental Europe, UK, Japan and others) are comparable to the index weights while not necessarily being identical. For currencies, the approach is the same for the U.S. dollar, the euro and the Japanese yen.

Portfolio Structure
Currency of the Fund: USD
Benchmark: MSCI World
Geographic allocation:
United States: +/- 7% of the World Index
Europe: +/- 5% of the World Index
United Kingdom: +/- 3% of the World Index
Japan: +/- 3% of the World Index
Others: +/- 3% of the World Index
Currency allocation:
American dollar: aligned with the index
Euro: aligned with the index
Yen: aligned with the index
Others: max 5% by currency
Momentum Value
VALMO Composition: 60%-80% 20%-40%
Selection universe:
United States S&P 500, Nasdaq 100 S&P 500
Europe DAX, ATX, etc. S&P Europe 350
United Kingdom S&P UK
Japan Nikkei 225
Others S&P/ASX 100, etc.
Number of stocks in portfolio 40-80 stocks 50-90 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 Under the provisions of Regulation 81-102 on mutual funds, the returns for the period prior to public offering will not be published.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 2.95 7.37 11.42 17.89 20.20 9.63 11.93 6.72
MSCI World 2.24 4.84 9.06 16.01 18.17 7.69 10.99 8.56

 

Sector Mix

As of September 30, 2017

LMWM en

Top 10 Holdings

As of September 30, 2017
Name Sector %
Boeing Industrials 1.9%
Adobe System Information Technology 1.3%
Allstate Financials 1.3%
Apple Information Technology 1.3%
NMC Health PLC Health Care 1.3%
Intuitive Surgical Health Care 1.3%
CBOE Holdings Financials 1.3%
Mcdonald’s Consumer Discretionary 1.2%
Facebook Information Technology 1.2%
Mettler-Toledo International Health Care 1.2%