August was a positive month for the ABC Funds despite a volatile market backdrop. While higher bond yields, geopolitical uncertainty, and lighter summer trading volumes contributed to the volatility, robust corporate earnings helped offset those headwinds. For example, NVIDIA delivered another exceptional quarter, more than doubling revenue versus the prior year and provided strong forward guidance. These results demonstrate that
July was a volatile month for equity markets, as geopolitical concerns, fluctuating energy prices, and heightened market uncertainty weighed on investor sentiment. Despite these headwinds, the economic backdrop continues to demonstrate resilience while summer trading volumes amplify market volatility. A bright spot during the month was positive corporate earnings results from several ABC Funds’ holdings including Microsoft, Alphabet, Boston Scientific,
June was another positive month for the ABC Funds, with all three portfolios outperforming their respective benchmarks. The strongest contributors to our performance during the period included Micron, ASML, Visa, and Mastercard. Of particular note, Micron, the largest holding across the ABC Funds, delivered a remarkable quarter. The company reported outstanding financial results, driven by surging demand for high-bandwidth memory
May was an exceptional month for the ABC Funds, with all three portfolios meaningfully outperforming their respective benchmarks. This strong performance was driven by our long-standing positioning in artificial intelligence and the companies powering the next generation of technological innovation. The momentum behind the AI revolution continued to accelerate throughout the month. Corporate earnings across the sector remained exceptionally strong,
All three ABC Funds significantly outperformed their respective benchmarks during the month of April, reflecting the strength of our portfolio positioning and improving investor psychology. This outperformance was driven by strong Q1 corporate earnings results, particularly within the technology sector, and continued advancements in artificial intelligence. Interestingly, a key trend in April was the divergence between hardware and software companies,
March was a volatile month for equity markets, driven by heightened geopolitical developments, rising energy prices, and renewed interest rate concerns. The confluence of these factors created a more challenging environment and contributed to elevated investor anxiety. Against this backdrop, corporate earnings remained a clear positive. Several core ABC Funds’ holdings delivered strong results, reinforcing the strength of underlying business
February was a mixed month for global equity markets, as heightened geopolitical developments contributed to late-month volatility and risk aversion among investors. Despite this pressure, the underlying economic backdrop remains quite positive. Several core holdings delivered strong earnings results during the month. Most notably, NVIDIA reported an exceptional quarter, exceeding expectations on both revenue and profit while meaningfully raising forward
All three ABC Funds started the year on a strong note, with each fund outperforming its respective benchmarks in January. This early-year outperformance was largely driven by several of our highest-conviction holdings, including Micron, Meta, ASML, Amazon, Alphabet, and Bank of Montreal. A defining theme for 2026 is the continued acceleration of the artificial intelligence cycle, which is driving meaningful
December was a mixed month for equity markets as investors digested late-year economic data and positioned portfolios ahead of 2026. While market performance was uneven, our focus remained on quality and secular growth themes which we believe will drive long-term returns. Several core holdings delivered strong results during the month. Micron Technology stood out with an exceptional earnings report and
Equity markets were volatile in the month of November, as investors weighed mixed economic data, interest rate uncertainty, and embraced a more cautious tone heading into year-end. Despite the volatility, several core ABC Funds holdings stood out with strong gains. Our top contributors during the month included Alphabet, Broadcom, Micron, Apple, Thermo Fisher Scientific, and Royal Bank of Canada. NVIDIA,