Investment Objective

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

Investment Strategy

Our experience and research shows that the momentum factor varies among different segments of the equity markets at different points in the economic cycle. Our current portfolios use a combination of S&P 500 and Nasdaq 100 that we find provides significant value-added returns.

Just like for Canadian Equities, the U.S. Equity portfolio holds value type positions. This aspect of the portfolio is especially interesting for Canadian investors because of the wide variety of securities selected.

Portfolio Structure
Currency of the Fund: USD
Benchmark: S&P 500
Momentum Value
VALMO Composition: 60%-80% 20%-40%
Selection universe: S&P 500, Nasdaq 100 S&P 500
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 Under the provisions of Regulation 81-102 on mutual funds, the returns for the period prior to public offering will not be published.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 3.10 5.55 7.80 13.08 18.35 10.03 13.19 11.79
S&P 500 2.06 4.48 7.70 14.23 18.58 10.79 14.20 12.69

 

Sector Mix

As of September 30, 2017

LMUM en

Top 10 Holdings

As of September 30, 2017
Name Sector %
Boeing Industrials 3.8%
Adobe System Information Technology 2.7%
Allstate Financials 2.7%
Apple Information Technology 2.7%
Intuitive Surgical Health Care 2.6%
CBOE Holdings Financials 2.6%
Mcdonald’s Consumer Discretionary 2.4%
Facebook Information Technology 2.4%
Mettler-Toledo International Health Care 2.4%
Roper Technologies Industrials 2.1%