Ave Maria Growth Fund
Name
As of 11/19/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
16.8%
1 yr return
24.7%
3 Yr Avg Return
2.6%
5 Yr Avg Return
9.1%
Net Assets
$1.07 B
Holdings in Top 10
56.1%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 0.92%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 26.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$2,500
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 11/19/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
AVEGX - Profile
Distributions
- YTD Total Return 16.8%
- 3 Yr Annualized Total Return 2.6%
- 5 Yr Annualized Total Return 9.1%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio -0.16%
- Dividend Yield 0.1%
- Dividend Distribution Frequency Annual
Fund Details
-
Legal NameAve Maria Growth Fund
-
Fund Family NameSchwartz Investment Trust
-
Inception DateMay 01, 2003
-
Shares OutstandingN/A
-
Share ClassOther
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerAdam Gaglio
Fund Description
The Ave Maria Growth Fund invests primarily in common stocks of companies believed by the Adviser to offer above-average potential for growth in revenues, profits, or cash flow. Dividend and interest income are secondary considerations in investment selection. Under normal circumstances, all of the Fund’s equity investments (which include common stocks, preferred stocks, and securities convertible into common stock) and at least 80% of the Fund’s net assets will be invested in companies meeting the Fund’s religious criteria. This process is designed to avoid investments in companies believed to offer products or services or engage in practices that are contrary to the core values and teachings of the Roman Catholic Church. The Fund may invest in companies of all sizes, including small and mid-capitalization companies.
At times, the Fund may emphasize investments in a particular issuer or issuers or hold a smaller number of portfolio securities than other diversified mutual funds. The portion of the Fund’s net assets invested at any given time in securities of issuers engaged in industries within a particular sector is affected by valuation considerations and other investment characteristics of that sector. As a result, the Fund’s investment in various sectors generally will change over time, and a significant allocation to any particular sector does not necessarily represent a continuing investment policy or investment strategy to invest in that sector.
The Fund may invest in the securities of foreign issuers. The Fund will invest directly in foreign securities or indirectly in the form of depositary receipts. Depositary receipts are stocks issued by a U.S. bank or broker that trade in the U.S. but represent ownership of securities issued by foreign companies.
In selecting investments, the Adviser relies primarily on fundamental analysis by reviewing the issuing company’s financial statements, the fundamentals of other companies in the same industry, market trends and economic conditions. The Adviser evaluates a company’s earnings growth and prospects, price to cash flow and other variables to determine whether the company meets its growth criteria.
The moral screening process for the Fund uses information from third-party screening providers, the Adviser, shareholders, and other sources. The Catholic Advisory Board sets the criteria for screening out companies based on religious principles. In making this determination, the Catholic Advisory Board members are guided by the magisterium of the Roman Catholic Church. The magisterium of the Roman Catholic Church is the authority or office of the Roman Catholic Church to teach the authentic interpretation of the Word of God, whether in its written form or in universal faith and moral practices. This process will, in general, avoid four major categories of companies: (i) those involved in the practice of abortion; (ii) those whose policies are judged to be antifamily, such as companies that distribute pornographic material; (iii) those that contribute corporate funds to Planned Parenthood; and (iv) those that support embryonic stem cell research. The Fund is not authorized or sponsored by the Roman Catholic Church and the
Catholic Advisory Board is not affiliated with the Roman Catholic Church. For more information about the Catholic Advisory Board, please turn to the “Catholic Advisory Board” section of this Prospectus.
The Fund’s investments are monitored in relation to the Adviser’s criteria for a growth company. Generally, stocks are purchased with the intent to hold them for three years or more. However, when a company no longer meets the Adviser’s investment standards, it is sold regardless of the time held by the Fund. Additionally, a stock will be sold in a manner that is not disruptive to the Fund if the Adviser determines that the company operates in a way that is inconsistent with the core values and teachings of the Roman Catholic Church, based on the criteria established by the Catholic Advisory Board. A stock will automatically be sold, if necessary, to ensure that the Fund meets its policy of investing at least 80% of its net assets in morally responsible investments.
AVEGX - Performance
Return Ranking - Trailing
Period | AVEGX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 16.8% | -0.3% | 50.1% | 89.80% |
1 Yr | 24.7% | 3.3% | 68.8% | 90.43% |
3 Yr | 2.6%* | -25.9% | 24.2% | 80.81% |
5 Yr | 9.1%* | -14.0% | 29.6% | 96.22% |
10 Yr | 10.9%* | -4.9% | 19.8% | 86.08% |
* Annualized
Return Ranking - Calendar
Period | AVEGX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 27.0% | -74.1% | 72.4% | 67.93% |
2022 | -21.5% | -85.9% | 4.7% | 6.63% |
2021 | 4.9% | -52.4% | 60.5% | 62.08% |
2020 | 12.4% | -34.3% | 145.0% | 92.00% |
2019 | 34.8% | -6.9% | 49.4% | 7.09% |
Total Return Ranking - Trailing
Period | AVEGX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 16.8% | -0.3% | 50.1% | 89.80% |
1 Yr | 24.7% | 3.3% | 68.8% | 90.43% |
3 Yr | 2.6%* | -25.9% | 24.2% | 80.81% |
5 Yr | 9.1%* | -14.0% | 29.6% | 96.22% |
10 Yr | 10.9%* | -4.9% | 19.8% | 86.08% |
* Annualized
Total Return Ranking - Calendar
Period | AVEGX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 30.3% | -4.6% | 72.4% | 74.28% |
2022 | -21.2% | -61.7% | 5.6% | 15.01% |
2021 | 4.9% | -39.8% | 118.1% | 94.33% |
2020 | 18.4% | 2.8% | 149.2% | 95.86% |
2019 | 37.1% | -5.2% | 49.4% | 13.87% |
NAV & Total Return History
AVEGX - Holdings
Concentration Analysis
AVEGX | Category Low | Category High | AVEGX % Rank | |
---|---|---|---|---|
Net Assets | 1.07 B | 296 K | 287 B | 58.96% |
Number of Holdings | 34 | 2 | 3061 | 85.68% |
Net Assets in Top 10 | 576 M | 126 K | 151 B | 59.28% |
Weighting of Top 10 | 56.14% | 0.7% | 205.0% | 39.66% |
Top 10 Holdings
- Copart, Inc. 8.13%
- NVIDIA Corporation 7.46%
- API Group Corporation 6.58%
- Mastercard, Inc. Class A 6.10%
- O'Reilly Automotive, Inc. 5.25%
- HEICO Corporation Class A 5.18%
- Texas Instruments, Inc. 4.55%
- AptarGroup, Inc. 4.46%
- IQVIA Holdings, Inc. 4.26%
- SP Global, Inc. 4.17%
Asset Allocation
Weighting | Return Low | Return High | AVEGX % Rank | |
---|---|---|---|---|
Stocks | 99.49% | 0.00% | 115.30% | 28.02% |
Cash | 0.69% | 0.00% | 173.52% | 60.36% |
Preferred Stocks | 0.00% | 0.00% | 10.69% | 97.39% |
Other | 0.00% | -31.50% | 50.35% | 94.41% |
Convertible Bonds | 0.00% | 0.00% | 1.94% | 97.29% |
Bonds | 0.00% | 0.00% | 102.71% | 97.39% |
Stock Sector Breakdown
Weighting | Return Low | Return High | AVEGX % Rank | |
---|---|---|---|---|
Technology | 28.80% | 0.00% | 65.70% | 73.83% |
Financial Services | 24.35% | 0.00% | 43.06% | 2.71% |
Consumer Cyclical | 17.60% | 0.00% | 62.57% | 35.29% |
Industrials | 12.44% | 0.00% | 30.65% | 7.76% |
Real Estate | 7.10% | 0.00% | 16.05% | 1.44% |
Healthcare | 6.72% | 0.00% | 39.76% | 93.50% |
Energy | 2.75% | 0.00% | 41.09% | 22.56% |
Communication Services | 0.24% | 0.00% | 66.40% | 97.74% |
Utilities | 0.00% | 0.00% | 16.07% | 98.47% |
Consumer Defense | 0.00% | 0.00% | 25.50% | 99.73% |
Basic Materials | 0.00% | 0.00% | 18.91% | 99.64% |
Stock Geographic Breakdown
Weighting | Return Low | Return High | AVEGX % Rank | |
---|---|---|---|---|
US | 98.99% | 0.00% | 115.30% | 32.43% |
Non US | 0.50% | 0.00% | 75.51% | 28.92% |
AVEGX - Expenses
Operational Fees
AVEGX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 0.92% | 0.01% | 28.71% | 52.44% |
Management Fee | 0.75% | 0.00% | 1.50% | 85.57% |
12b-1 Fee | N/A | 0.00% | 1.00% | 25.32% |
Administrative Fee | N/A | 0.01% | 1.02% | 78.24% |
Sales Fees
AVEGX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 2.25% | 8.50% | N/A |
Deferred Load | N/A | 1.00% | 5.00% | N/A |
Trading Fees
AVEGX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | 1.00% | 2.00% | N/A |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
AVEGX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 26.00% | 0.00% | 316.74% | 38.51% |
AVEGX - Distributions
Dividend Yield Analysis
AVEGX | Category Low | Category High | AVEGX % Rank | |
---|---|---|---|---|
Dividend Yield | 0.08% | 0.00% | 27.58% | 18.49% |
Dividend Distribution Analysis
AVEGX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Annual | Annually | Annual | Annual |
Net Income Ratio Analysis
AVEGX | Category Low | Category High | AVEGX % Rank | |
---|---|---|---|---|
Net Income Ratio | -0.16% | -6.13% | 3.48% | 37.48% |
Capital Gain Distribution Analysis
AVEGX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Dec 28, 2023 | $0.041 | OrdinaryDividend |
Dec 28, 2023 | $0.094 | CapitalGainShortTerm |
Dec 28, 2023 | $1.023 | CapitalGainLongTerm |
Dec 29, 2022 | $0.104 | OrdinaryDividend |
Dec 30, 2020 | $2.245 | OrdinaryDividend |
Dec 30, 2019 | $0.002 | OrdinaryDividend |
Dec 30, 2019 | $0.644 | CapitalGainLongTerm |
Dec 28, 2018 | $1.979 | CapitalGainLongTerm |
Dec 28, 2018 | $0.056 | OrdinaryDividend |
Dec 28, 2017 | $0.012 | CapitalGainShortTerm |
Dec 28, 2017 | $2.846 | CapitalGainLongTerm |
Dec 28, 2017 | $0.028 | OrdinaryDividend |
Dec 29, 2016 | $1.584 | CapitalGainLongTerm |
Dec 29, 2016 | $0.023 | OrdinaryDividend |
Dec 30, 2015 | $0.205 | CapitalGainShortTerm |
Dec 30, 2015 | $2.202 | CapitalGainLongTerm |
Dec 30, 2015 | $0.068 | OrdinaryDividend |
Dec 30, 2014 | $0.148 | CapitalGainShortTerm |
Dec 30, 2014 | $4.106 | CapitalGainLongTerm |
Dec 30, 2013 | $0.986 | CapitalGainLongTerm |
Dec 28, 2007 | $0.283 | CapitalGainLongTerm |
Dec 28, 2006 | $0.145 | CapitalGainLongTerm |
Dec 29, 2005 | $0.041 | CapitalGainLongTerm |
AVEGX - Fund Manager Analysis
Managers
Adam Gaglio
Start Date
Tenure
Tenure Rank
Jul 01, 2019
2.92
2.9%
Adam P. Gaglio, CFA, lead portfolio manager of the Ave Maria Growth Fund and co-portfolio manager of the Ave Maria Focused Fund, joined the Schwartz in 2013 and currently serves as Vice President and Equity Research Analyst. He previously worked as an actuarial analyst at Towers Watson from 2012 until 2013.
Chadd Garcia
Start Date
Tenure
Tenure Rank
Jan 01, 2020
2.41
2.4%
Chadd M. Garcia joined Schwartz Investment Counsel Inc in 2014 and currently serves as Vice President and Senior Research Analyst, and lead portfolio manager of the Ave Maria Focused Fund and co-portfolio manager of the Ave Maria Growth Fund. He previously worked as a Managing Director at SQ Advisors in 2014 and Gulf Coast Capital Partners from 2011 until 2014.
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.04 | 54.45 | 8.24 | 3.08 |