Ave Maria Mutual Funds offers a range of investment options that cater to different investor needs and risk tolerances.
The funds are managed by a team of experienced investment professionals who have a deep understanding of the markets and a commitment to Catholic values.
Ave Maria Mutual Funds has a strong track record of performance, with many of its funds consistently ranking among the top performers in their respective categories.
The funds' investment strategies are designed to be disciplined and long-term, with a focus on generating returns that are consistent with the funds' investment objectives.
Investment Overview
Ave Maria Mutual Funds is a unique investment option that aligns with Catholic values. They have a preference for contrarian and value strategies, and companies with low debt levels for their type or sector.
The fund's investment strategy is guided by the company's Catholic Advisory Board and the Catechism of the Catholic Church. This means they eliminate companies involved in practices they deem contrary to Catholic teachings, such as abortion, anti-family practices, and embryonic stem cell research.
Ave Maria Mutual Funds invest primarily in equity securities with high earnings growth potential, under normal market conditions. They aim for long-term capital appreciation and focus on companies that align with their values.
Here are some key investment characteristics of Ave Maria Mutual Funds:
The fund's performance has been comparable to other ESG and conventional funds, according to a 2017 study. This suggests that investing with Ave Maria Mutual Funds may not come with a significant trade-off in terms of returns.
Performance and Fees
Ave Maria Mutual Funds' fees are competitive, with an average expense ratio of 0.77% across their fund lineup.
Their lowest-cost fund, the Ave Maria Catholic Values Equity Fund, has an expense ratio of just 0.55%.
This is a significant advantage for investors, as lower fees can lead to higher returns over time.
The funds' fees are also transparent, with no hidden charges or surprises.
Ave Maria Mutual Funds' performance has been strong, with 75% of their funds beating their respective benchmarks over a 5-year period.
This suggests that the funds' investment strategies are effective in generating returns for investors.
The funds' performance is also consistent, with 90% of their funds ranking in the top half of their respective categories over a 3-year period.
About Aveax
Ave Maria Focused, also known as AVEAX, has a primary benchmark of the S&P 500 TR USD index with a 100% weighting.
The fund has 16 securities in its portfolio, with the top 10 holdings making up 95.0% of its assets.
Ave Maria Focused is a nondiversified fund, meeting the SEC requirement for this classification.
It has no ESG focus in its investment selection and management.
The fund is part of the Equity global asset class and is within the International Equity fund group.
Ave Maria Focused has a significant portion of its portfolio invested in foreign issues, with 54.9% allocated to foreign stock.
The overall domestic stock allocation is 44.6%, while preferred stocks make up 0.0% of the portfolio.
The fund has no bond allocation, with 0.0% of total assets allocated to domestic, foreign, and convertible bonds.
Ave Maria Focused has a small cash allocation of 0.5% of the portfolio.
The fund's trailing dividend yield is 0.00%, which is below the category average of 1.25%.
Ave Maria Focused typically distributes its dividend income annually.
Investment Details
Ave Maria Mutual Funds offers a range of investment options to suit different risk tolerance and investment goals.
Investors can choose from a variety of funds, including the Ave Maria Growth Fund, which focuses on long-term growth and has a minimum initial investment of $1,000.
The Ave Maria Income Fund invests in dividend-paying stocks and has a minimum initial investment of $1,000, as well.
Ave Maria Mutual Funds have a management fee of 0.85% for the Growth Fund and 0.75% for the Income Fund.
The funds are actively managed by experienced investment professionals with a proven track record of success.
Investors can invest as little as $50 per month through the automatic investment plan.
Frequently Asked Questions
Are Ave Maria mutual funds good?
Ave Maria Mutual Funds have received positive recognition and high ratings for their performance. They are worth considering for investors seeking solid returns.
What is the minimum investment for Ave Maria mutual funds?
The minimum investment for Ave Maria mutual funds is $2,500 per fund, with a $10,000 minimum for the Money Market Account. To establish an account, a signed application is required.
What is the ticker symbol for Ave Maria mutual fund?
The ticker symbol for Ave Maria Growth Fund is AVEGX. This actively managed fund invests in a diversified portfolio of growth-oriented stocks.
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