Ave Maria Mutual Funds Completes Merger - Over $500 Million in Total Assets.BLOOMFIELD HILLS, Mich. -- Schwartz Investment Counsel, Inc., the investment adviser to the 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. has completed the previously announced merger of The Catholic Equity Fund into 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. Rising Dividend Fund (Ticker:AVEDX). Richard L. Platte, Jr., CFA (Computer Fraud and Abuse Act of 1986) Signed into law in 1986, the CFA was a significant step forward in criminalizing unauthorized access to computer systems and networks. The Act applies to "federal interest computers" that include any system used by the U.S. , portfolio manager of the Ave Maria Rising Dividend Fund said, "We are glad to have the former Catholic Equity Fund shareholders as part of the Ave Maria Mutual Funds family." George P. Schwartz, CFA, President of the Ave Maria Mutual Funds said, "This will be a great opportunity for the former Catholic Equity Fund shareholders to build diversified portfolios across different asset classes within our no-load family of morally responsible funds." With the completion of this merger, total 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. in the Ave Maria Mutual Funds now exceed $500 million. About Ave Maria Mutual Funds: Ave Maria Mutual Funds is the country's largest family of Catholic mutual funds, designed specifically for investors looking for Looking for In the context of general equities, this describing a buy interest in which a dealer is asked to offer stock, often involving a capital commitment. Antithesis of in touch with. financially sound investments in companies that do not violate core values and teachings of the Catholic Church. They began operations with the inception of the Ave Maria Catholic Values Fund (Ticker:AVEMX) on May 1, 2001. Four additional mutual funds were added over the next five years. As of March 31, 2007, net assets of the Ave Maria Mutual Funds totaled over $520 million. Ave Maria Mutual Funds place equal emphasis on investment performance and moral criteria in selecting securities. About Schwartz Investment Counsel, Inc.: Schwartz Investment Counsel, Inc. serves as Investment Adviser to the Ave Maria Mutual Funds. A 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. ) established in 1980, Schwartz Investment Counsel, Inc. is committed to providing high quality investment counsel to families and fiduciaries that choose to take a disciplined approach to investing. Through rapidly changing economic and market conditions, Schwartz Investment Counsel, Inc. provides continuity and stability to investment portfolios through fundamental security analysis and a basic value orientation Noun 1. value orientation - the principles of right and wrong that are accepted by an individual or a social group; "the Puritan ethic"; "a person with old-fashioned values" ethic, moral principle, value-system . For additional information regarding Schwartz Investment Counsel, Inc., the Ave Maria Rising Dividend Fund or the Ave Maria Mutual Funds in general, please contact: Robert C. Schwartz, Director of Marketing Ave Maria Mutual Funds & Schwartz Investment Counsel, Inc. 3707 West Maple Road, Suite 100 Bloomfield Hills, Michigan 48301 248-644-7446 phone rcs@schwartzinvest.com Prospective investors should read the prospectus carefully and consider the Fund's investment objectives, risks, charges and expenses carefully before investing. The prospectus, which can be obtained by calling 1-866-AVE-MARIA or online at www.avemariafunds.com, contains this and other important information. Distributed by Ultimus Fund Distributors, LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control . |
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