Q1 earnings season is nearly complete, with the S&P 500 posting its strongest growth since 2021. The Magnificent 7 once again impressed, delivering a 63% Y/Y earnings jump and driving a large share of the S&P 500's overall growth. Micron was a top‑five earnings contributor, with a 682% EPS surge driving its rally into the $1T club after first surfacing as a consistent Quant ‘Strong Buy' in July 2025.
Just three years after launching its first ETFs, AllianceBernstein (AB) recently reached $10 billion in assets. While index-based ETFs from iShares, Vanguard and State Street Investment Management continue to dominate the industry, there has been room for newer entrants to also succeed.
Gold at $3,800/oz unlocks extraordinary leverage for Kinross, with every $100 increase adding ~$200M revenue and ~$170M free cash flow thanks to its exceptionally low AISC. Q2 2025 delivered 512.6 koz production, $2.68B revenue (+34% YoY), $1.52B EBITDA (+72% YoY), and $675M net income (+210% YoY), proving record profitability and sustainable momentum. Kinross trades at 7.5x EV/EBITDA FWD and 16x P/E FWD, cheaper than peers despite superior margins and growth, creating a valuation gap that investors should not ignore.
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
| KM Keith Mahan StoneCrest Wealth Management, Inc. | 53,733 | $4.92M | $7.87M | $2.95M | 59.89% |
| AFS Anderson Financial Strategies LLC Anderson Financial Strategies, LLC | 21,460 | $2.24M | $3.14M | $904,216.84 | 40.35% |
| JJK James J. Karabas Embree Financial Group | 93,035 | $8.2M | $13.63M | $5.43M | 66.22% |
| PWM PMG Wealth Management Inc. PMG Wealth Management Inc. | 60,469 | $6.56M | $8.86M | $2.3M | 34.99% |
| MWM Mascagni Wealth Management Inc. Mascagni Wealth Management Inc. | 1,881 | $204,201 | $275,641.74 | $71,450.15 | 34.99% |
| ARCA Exchange | US Country |
The fund described is an actively-managed exchange-traded fund (ETF) that focuses on global equity investments. It operates with an investment strategy to invest in a wide array of equity securities on a global scale. The fund aims to serve investors by targeting investments in companies across all market capitalizations, including both developed and emerging markets. This allows for a diverse exposure to various economies and sectors worldwide. Although it is characterized as non-diversified, its global approach to investment provides a broad spectrum of opportunities for growth and income. The fund is managed by an adviser who makes investment decisions with the objective of achieving the fund's investment goals.
The fund invests in a diverse range of equity securities on a global scale. This includes stocks of companies located in both developed markets, such as the United States, Europe, and Japan, and in emerging markets, including those in Asia, Latin America, and Africa. The global investment strategy aims to capitalize on the growth potential of companies worldwide, offering investors exposure to a wide range of economic environments and industries.
Investments are made across all market capitalizations, from large-cap to small-cap stocks. This aspect of the fund's strategy allows it to explore opportunities in well-established companies with large market values as well as in nimble, smaller companies that possess growth potential. This diversified approach across different market capitalizations aims to balance risk and reward within the fund's portfolio.
The fund's investment reach extends globally, encompassing both developed and emerging markets. By investing in developed markets, the fund aims to tap into the stability and established economic environments of these regions. Simultaneously, its investments in emerging markets seek to leverage the rapid growth and dynamic changes occurring in these economies. This dual investment strategy is designed to create a blend of stability and growth potential for the fund's investors.
Despite its global approach and investment across various market capitalizations, the fund is classified as non-diversified. This indicates that it may invest a larger portion of its assets in a smaller number of issuers than a diversified fund. This strategy can lead to higher volatility and risk, as the fund's performance may be more closely tied to the fortune of fewer investments. However, it also allows for potentially greater returns if those investments perform well.