Caldwell Canadian Value Momentum Fund

Reasons To Own:

  • Our exclusive screening process identifies companies that are creating significant value for investors.
  • Our portfolio of 15-20 stocks means our clients' money is focused on owning the best opportunities the market has to offer (no closet indexing here).
  • The Fund has a tendency to perform better when markets decline.
  • The Fund ranks in the top percentile in the Morningstar Canadian Equity category for the 5-year return ended August 2016.
  • A 5 year track record speaks to a successful history of decision making and a proven and repeatable investment process.

Investment Strategy:

The CCVMF uses a proprietary, quantitative model to screen the Canadian market for stocks that are undergoing a positive re-rating by the market. The model uncovers these stocks by combining the disciplines of value and momentum to create an investing style we coined MARP, "Momentum at a Reasonable Price." The MARP model combines screening and ranking methodologies on a custom set of quantitative factors to produce a list of strict buy and sell decisions. These are further vetted by our portfolio management team through a fundamental research overlay in order to prevent unwanted risks in the portfolio. The result is a portfolio that owns 15-20 of the most timely stocks in Canada.

The Fund has demonstrated the potential for superior investment results with reduced risk. Companies uncovered by the MARP model are undergoing a positive fundamental change driven by company or industry-specific events. These are often independent of factors driving the overall market, which has allowed the Fund to demonstrate low correlation with market moves. In particular, the Fund has shown a strong ability to produce favorable results in down markets.

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Portfolio Management Team

Jennifer Radman photo
Vice President, Head of North American Equities & Senior Portfolio Manager
Mario Mainelli photo
Portfolio Manager

Asset Allocation

Equity 95.8%
Cash 4.2%

Sector Exposure

Financials 0.0%
Energy 4.8%
Materials 5.0%
Industrials 35.4%
Consumer Discretionary 23.7%
Telecommunication Services 4.2%
Consumer Staples 4.9%
Health Care 0.0%
Utilities 0.0%
Information Technology 14.3%
Real Estate 3.6%
Cash 4.2%

Country Allocation

Canada 100%

Top Holdings


BRP Inc. 6.0%
Ag Growth 5.2%
Calian Group 5.2%
Transcontinental 5.1%
SunOpta 5.0%
Sleep Country 5.0%
CCL Industries 5.0%
Cargojet 4.9%

As of June 30, 2017