In the second quarter of 2026, the Ave Maria Value Focused Fund (AVERX) recorded a total return of -0.85%, a notable contrast to the robust gains seen in the broader market, with both the S&P 1500® Index and the S&P 500® Index achieving returns exceeding 15%. This performance disparity highlights a challenging period for the value-oriented fund, despite its six-month gains being driven by various portfolio companies across diverse sectors.
The Fund maintains a diversified portfolio, comprising 32 companies across a wide range of industries. Among its largest holdings, Texas Pacific Land Corporation, LandBridge Company, LLC, and WaterBridge Infrastructure, LLC continue to hold significant positions, representing 17.5%, 9.5%, and 8.1% of the total assets, respectively. These key investments reflect the fund's strategic focus, even as overall market trends moved in a different direction during the quarter.
Despite the recent quarter's underperformance, the Ave Maria Value Focused Fund remains committed to its long-term, value-oriented investment philosophy. Such periods serve as crucial reminders for investors to focus on the intrinsic value and long-term potential of their holdings, rather than being swayed by short-term market fluctuations. A disciplined approach, combined with a diversified portfolio, is essential for navigating market volatility and striving for sustainable growth over time.
