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Ave Maria Mutual Funds surpasses USD1bn AUM

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Ave Maria Mutual Funds, the largest family of Catholic mutual funds in the US, now manages more than USD1bn 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 1 May 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," says George P Schwartz, president of Schwartz Investment Counsel, 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 31 March 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.
 

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