In the final quarter of 2025, the Ave Maria World Equity Fund (AVEWX) recorded a negative total return of -3.40%. This contrasts sharply with the broader market benchmark, the MSCI All Country World Index, which saw a positive return of 3.29% during the same period. This notable divergence highlights a challenging quarter for the fund.
Globally, major markets exhibited robust performance throughout 2025, with several outperforming the U.S. stock market when measured in U.S. dollar terms. The S&P Europe 350, for instance, which tracks the 350 largest European companies, demonstrated an impressive total return of 36.63%, leading the way among key indices. Despite this strong global backdrop, individual holdings within the Ave Maria World Equity Fund showed mixed results. Top performers for the year included Comfort Systems USA, Inc., which surged by 120.9%, and StoneCo Ltd., which climbed by 85.6%. However, these gains were offset by significant underperformers, such as eDreams ODIGEO S.A., which declined by 48.0%, and SAP SE, which saw a modest increase of 0.9%.
Looking ahead, the investment landscape remains dynamic, presenting both opportunities and challenges. A meticulous analysis of market trends and individual company fundamentals will be essential for navigating future volatility and achieving sustained growth. Focusing on companies with robust business models, strong competitive advantages, and sound management will be paramount. By adhering to a disciplined investment philosophy and adapting to evolving market conditions, investors can strive for long-term success and contribute positively to their financial well-being.