Ave Maria Mutual Funds Celebrates Anniversaries and Launching of 5th Mutual Fund.BLOOMFIELD HILLS, Mich. -- Schwartz Investment Counsel, Inc. is pleased to announce the launch of the Ave Maria Ave Maria (ä`vā märē`ä) [Lat.,=hail, Mary], prayer to the Virgin Mary universal among Roman Catholics, also called the Ave, the Hail Mary, and the Angelic Salutation. Small Cap Fund. It is the 5th fund in a series of Ave Maria Mutual Funds Ave Maria Mutual Funds is a U.S. mutual fund family that targets clients interested in financially sound investments in companies that do not violate certain religious principles of the Roman Catholic Church. . The first, Ave Maria Catholic Values Fund (ticker ticker An automated quotation system on which security transactions are reported after they occur on an exchange floor. Even though the newer systems are electronic and no longer actually tick, the name of the old mechanical device has stuck. :AVEMX), started on May 1, 2001 and marks its 5th anniversary today. That fund now has over $250 million in assets. Ave Maria Growth Fund (ticker:AVEGX) and Ave Maria Bond Fund (ticker:AVEFX) each turn three years old and Ave Maria Rising Dividend Fund (ticker:AVEDX) marks its one year anniversary today. The funds have grown to over $400 million dollars in combined net assets Net assets The difference between total assets on the one hand and current liabilities and noncapitalized long-term liabilities on the other hand. net assets See owners' equity. with over 12,000 shareholder accounts. Like all the Ave Maria Mutual Funds, the Ave Maria Small Cap Fund is a no load fund and will offer investors another way to diversify their portfolios within the Ave Maria family of funds Family of Funds A group of mutual funds offered by one investment or fund company. Each mutual fund has different characteristics and can range depending on investment objective. Also referred to as a "Mutual Fund Family" or simply a "Fund Family". . Portfolio Manager Timothy Schwartz said, "The new fund will provide investors the opportunity to invest in a diversified, high-quality portfolio comprised primarily of small capitalization companies with significant long term appreciation potential." Also, like all of the Ave Maria Funds, the new fund will invest only in companies whose business practices do not violate the core teachings of the Catholic Church. Ave Maria Small Cap Fund has voluntarily capped its annual expense ratio at 1.25% and is no load. Schwartz Investment Counsel, Inc. is launching the new fund based on investor demand. Many small capitalization funds are closed to new investors. Ave Maria Small Cap Fund will invest primarily in small-cap companies. The Firm has managed assets in a style comparable to the Ave Maria Small Cap Fund since 1984. Established in 1980, Schwartz Investment Counsel, Inc. is an SEC Registered Investment Adviser (RIA (Rich Internet Application) A Web-based application that approaches the speed and elegance of a local application. An RIA may refer to a browser-based application that uses AJAX or another enhanced coding technique. ) that manages over $600 million in assets. For more information about the Ave Maria Mutual Funds, call toll-free 1-866-AVE-MARIA (1-866-283-6274) or visit avemariafunds.com. An investor should consider the investment objectives, strategies, risks, charges and expenses of the Funds before investing. The current Prospectus contains this and other information about the Funds. For a free copy of the Prospectus visit avemariafunds.com or call toll-free 1-866-AVE-MARIA. Prospective investors should read the prospectus carefully before investing or sending money. The Funds are distributed by Ultimus Fund Distributors, LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control . |
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