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Ave Maria Opportunity Fund  (avesx)

Current Price: $14.28 (as of 4/17/2014)
Daily Change: +$0.04              +0.28%
 

Fund Objective

Ave Maria Opportunity Fund seeks long-term capital appreciation from equity investments in companies of all capitalizations including small and mid-sized companies that do not violate core values and teachings of the Roman Catholic Church.

 ANNUALIZED
Total Returns YEAR-TO-
DATE
1
YEAR
3
YEARS
5
YEARS
SINCE
INCEPTION
Ave Maria Opportunity Fund (AVESX) 3.69% 18.17% 8.00% 20.27% 5.73%
Russell 2000® Index 1.12% 24.90% 13.18% 24.31% 7.07%
S&P 600® SmallCap Index 1.13% 27.81% 15.95% 26.21% 8.23%
Fund Information
Symbol AVESX
Inception Date May 1, 2006
Fund Manager Timothy S. Schwartz, CFA
Net Assets $55.8 million
Gross Expense Ratio* 1.38%
Net Expense Ratio* 1.25%
Number of Holdings 57
Average Market Cap $2.0 billion
Price/Earnings Ratio 12.1x
Quarterly Fact Sheet

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Investing in the Funds

Ave Maria Mutual Funds are no-load and have no sales charges or commissions. They are available to investors through various types of investment accounts, including individual, joint, custodial and retirement accounts such as IRAs.  Coverdell Education Savings Accounts are also available. Fund services include Automatic Investment Plan (AIP) option and Automatic Withdrawal option. The minimum initial investment for each Fund is $1,000. To invest, please read the prospectus carefully, complete the application, and return your check and application. The Funds are also available through many different financial services firms, who may charge additional fees.  Some of the firms that offer our Funds are listed here. If you have a financial professional helping you with your investments, tell them about your interest in Ave Maria Mutual Funds.

The investment performance assumes reinvestment of dividends and capital gains distributions. Performance data reflects certain fee waivers and reimbursements. Without such waivers, performance would have been lower. The S&P 500 Index is a capitalization weighted unmanaged index of 500 widely traded stocks, created by Standard & Poor’s. The index is considered to represent the performance of the stock market in general. The S&P 400 Midcap Index is an unmanaged index created by Standard & Poor’s made up of 400 midcap companies.  The index is the most widely used index for mid-sized companies.  Indexes do not incur fees and it is not possible to invest directly in an index.

Schwartz Investment Counsel, Inc., a registered investment adviser established in 1980, serves as investment adviser for Ave Maria Mutual Funds. The Adviser invests in securities only if they meet the Funds’ investment and religious requirements, and as such, the returns may be lower or higher than if the Adviser made decisions based solely on investment considerations. The Funds’ method of security selection may or may not be successful and the Funds may underperform or outperform the stock market as a whole. All mutual funds are subject to market risk, including possible loss of principal. The Funds’ investments in small and mid capitalization companies could experience greater volatility than investments in large capitalization companies. AVEWX invests in foreign securities and securities issued by U.S. entities with substantial foreign operations. Investments in these securities can involve additional risks relating to political, economic or regulatory conditions in foreign countries. These risks include less stringent investor protection and disclosure standards of some foreign markets; fluctuations in foreign currencies; and withholding or other taxes. AVEFX invests primarily in fixed income securities and as a result the Fund is also subject to the followings risks: interest rate risk, credit risk, credit rating risk, prepayment and extension risk and liquidity risk.

Request a prospectus, which includes investment objectives, risks, fees, expenses and other information that you should read and consider carefully before investing. The prospectus can be obtained by calling 1-866-283-6274 or it can be viewed and downloaded from this website here. Distributed by Ultimus Fund Distributors, LLC.