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Rating:A Religious Mutual Fund Shop Marks a Milestone  Not Rated 0.0 Email Routing List Email & Route  Print Print
Thursday, June 13, 2013

A Religious Mutual Fund Shop Marks a Milestone

Reported by Nicole Spector

Cue the Hallelujah.

Ave Maria Mutual Funds, a Catholic mutual funds family powered by Schwartz Investment Counsel [profile], has topped $1 billion in assets.

The milestone coincides with the 10 year anniversary of two of Ave Maria's six funds, the Ave Maria Growth Fund (AVEGX) and the Ave Maria Bond Fund (AVEFX).

Company Press Release


Milestone Coincides With 10-Year Anniversary of Ave Maria Growth Fund and Ave Maria Bond Fund

BLOOMFIELD HILLS, MICH. — June 12, 2013 — Ave Maria Mutual Funds, the largest family of Catholic mutual funds in the U.S., now manages more than $1 billion in assets. In addition, two of its six funds, the Ave Maria Growth Fund (AVEGX) and Ave Maria Bond Fund (AVEFX), marked the 10-year anniversary of their inception on May 1, 2013.

  Ave Maria Mutual Funds are specifically designed for long-term investors interested in morally responsible investing. Portfolio managers place equal emphasis on moral criteria and investment performance. All potential investments are screened according to the standards established by the Funds’ Catholic Advisory Board to ensure they do not violate core teachings of the Catholic Church.

  “Investors who share the Catholic Church’s pro-life and pro-family beliefs should not have to sacrifice their values to achieve a well-diversified portfolio,” said George P. Schwartz, CFA, President of Schwartz Investment Counsel, Inc., the investment adviser to the Funds.

  The Ave Maria Growth Fund is an equity mutual fund, which seeks long-term capital appreciation by investing in large- and mid-cap companies that have above-average growth potential and adhere to pro-life and pro-family values. The Fund has a four-star rating from Morningstar as of March 31, 2013.  

The Ave Maria Bond Fund is a fixed-income mutual fund that seeks to preserve principal while generating a reasonable level of current income. It primarily invests in investment-grade debt of domestic corporations that do not violate the moral screens. The Fund has not experienced negative investment performance in any calendar year since its inception in 2003.

  Ave Maria Mutual Funds will celebrate its success with a cocktail reception on June 25, 2013 from 4 p.m. to 6 p.m. at the Inn at St. John’s in Plymouth, Mich.  The featured speaker will be Hall of Fame Coach Lou Holtz, the former Head Football Coach of University of Notre Dame, who is a member of the Funds’ Catholic Advisory Board.  To reserve a seat, please contact Pam Gould at 248-203-5335 or pkg@schwartzinvest.com.

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