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Trending ETFs

Name

As of 11/04/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Ave Maria Value Fund

AVEMX | Fund

$29.17

$366 M

0.68%

$0.20

0.94%

Vitals

YTD Return

22.3%

1 yr return

25.7%

3 Yr Avg Return

6.4%

5 Yr Avg Return

10.7%

Net Assets

$366 M

Holdings in Top 10

46.8%

52 WEEK LOW AND HIGH

$28.9
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.94%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 68.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$2,500

IRA

N/A


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 11/04/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Ave Maria Value Fund

AVEMX | Fund

$29.17

$366 M

0.68%

$0.20

0.94%

AVEMX - Profile

Distributions

  • YTD Total Return 22.3%
  • 3 Yr Annualized Total Return 6.4%
  • 5 Yr Annualized Total Return 10.7%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.52%
DIVIDENDS
  • Dividend Yield 0.7%
  • Dividend Distribution Frequency Annual

Fund Details

  • Legal Name
    Ave Maria Value Fund
  • Fund Family Name
    Schwartz Investment Trust
  • Inception Date
    May 22, 2001
  • Shares Outstanding
    N/A
  • Share Class
    Other
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Timothy Schwartz

Fund Description

Under normal market conditions, the Ave Maria Value Fund invests primarily in common stocks believed by Schwartz Investment Counsel, Inc. (the “Adviser”) to be priced at a discount to their true value according to the Adviser’s criteria for value. 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 invests in securities of established companies of various market capitalizations.

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.

The Adviser utilizes a comprehensive financial database and other sources with a universe of over 10,000 primarily domestic corporations to identify companies as candidates for the Fund. Using fundamental security analysis, the Adviser extensively analyzes stocks to identify those that meet the Fund’s investment objective and standards. The price of stocks in relation to cash flow, earnings, dividends, book value and asset value, both historical and prospective, are key determinants in the security selection process. Emphasis is also placed on identifying companies undergoing changes that the Adviser believes will significantly enhance shareholder value in the future, including changes in operations, management, capital allocation, strategies, and product offerings.

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 prices of securities held by the Fund are monitored in relation to the Adviser’s criteria for value. Generally, stocks are purchased with the intent to hold them for three years or more. When a stock appreciates substantially and is no longer undervalued according to the Adviser’s valuation criteria, it is sold. Stocks are also sold when a company fails to achieve its expected results, or economic factors or competitive developments adversely impair the company’s intrinsic value. 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.

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AVEMX - Performance

Return Ranking - Trailing

Period AVEMX Return Category Return Low Category Return High Rank in Category (%)
YTD 22.3% -12.7% 37.7% 3.92%
1 Yr 25.7% -0.7% 49.8% 73.39%
3 Yr 6.4%* -22.6% 20.7% 11.36%
5 Yr 10.7%* -0.9% 24.6% 40.85%
10 Yr 7.6%* 2.6% 13.3% 71.03%

* Annualized

Return Ranking - Calendar

Period AVEMX Return Category Return Low Category Return High Rank in Category (%)
2023 -0.8% -12.9% 28.8% 97.75%
2022 3.0% -52.6% 20.1% 0.57%
2021 15.8% -43.8% 32.4% 34.49%
2020 2.5% -10.6% 82.1% 85.89%
2019 14.5% -8.5% 37.5% 82.48%

Total Return Ranking - Trailing

Period AVEMX Return Category Return Low Category Return High Rank in Category (%)
YTD 22.3% -12.7% 37.7% 3.92%
1 Yr 25.7% -0.7% 49.8% 73.39%
3 Yr 6.4%* -22.6% 20.7% 11.36%
5 Yr 10.7%* -0.9% 24.6% 40.85%
10 Yr 7.6%* 2.6% 13.3% 71.03%

* Annualized

Total Return Ranking - Calendar

Period AVEMX Return Category Return Low Category Return High Rank in Category (%)
2023 3.5% 1.2% 31.3% 99.15%
2022 4.2% -45.7% 21.1% 0.85%
2021 15.8% -30.2% 52.8% 88.70%
2020 6.2% -8.4% 84.3% 90.39%
2019 20.5% 1.0% 43.4% 92.68%

NAV & Total Return History


AVEMX - Holdings

Concentration Analysis

AVEMX Category Low Category High AVEMX % Rank
Net Assets 366 M 728 K 168 B 59.10%
Number of Holdings 35 1 2780 88.24%
Net Assets in Top 10 180 M 399 K 13.2 B 35.57%
Weighting of Top 10 46.79% 0.5% 100.0% 12.64%

Top 10 Holdings

  1. Texas Pacific Land Corporation 14.61%
  2. Brown Brown, Inc. 3.89%
  3. Mirion Technologies, Inc. 3.88%
  4. CDW Corporation 3.86%
  5. HINGHAM INSTITUTION FOR SAVINGS 3.77%
  6. Schlumberger Ltd. 3.61%
  7. Intercontinental Exchange, Inc. 3.56%
  8. ConocoPhillips 3.27%
  9. Haemonetics Corporation 3.25%
  10. FRANCO-NEVADA CORPORATION 3.08%

Asset Allocation

Weighting Return Low Return High AVEMX % Rank
Stocks
99.39% 0.86% 100.67% 29.97%
Cash
0.73% 0.00% 99.07% 71.99%
Preferred Stocks
0.00% 0.00% 11.46% 31.93%
Other
0.00% -0.01% 51.08% 52.38%
Convertible Bonds
0.00% 0.00% 1.78% 32.49%
Bonds
0.00% 0.00% 72.71% 37.82%

Stock Sector Breakdown

Weighting Return Low Return High AVEMX % Rank
Energy
34.66% 0.00% 58.13% 0.56%
Financial Services
16.00% 0.00% 46.10% 23.03%
Industrials
10.25% 0.00% 45.89% 90.73%
Healthcare
9.29% 0.00% 24.06% 67.98%
Technology
8.78% 0.00% 40.65% 93.82%
Basic Materials
7.59% 0.00% 16.35% 11.80%
Communication Services
5.61% 0.00% 30.98% 7.87%
Consumer Cyclical
5.24% 2.49% 46.48% 95.79%
Real Estate
1.43% 0.00% 25.82% 86.52%
Consumer Defense
1.15% 0.00% 32.18% 95.51%
Utilities
0.00% 0.00% 18.97% 86.52%

Stock Geographic Breakdown

Weighting Return Low Return High AVEMX % Rank
US
99.39% 0.86% 100.25% 29.13%
Non US
0.00% 0.00% 10.11% 43.70%

AVEMX - Expenses

Operational Fees

AVEMX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.94% 0.03% 19.40% 55.21%
Management Fee 0.75% 0.00% 1.50% 68.17%
12b-1 Fee N/A 0.00% 1.00% 26.11%
Administrative Fee N/A 0.01% 0.30% 74.83%

Sales Fees

AVEMX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 3.50% 5.75% N/A
Deferred Load N/A 1.00% 4.00% N/A

Trading Fees

AVEMX 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.

AVEMX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 68.00% 0.00% 304.00% 79.25%

AVEMX - Distributions

Dividend Yield Analysis

AVEMX Category Low Category High AVEMX % Rank
Dividend Yield 0.68% 0.00% 29.78% 13.73%

Dividend Distribution Analysis

AVEMX Category Low Category High Category Mod
Dividend Distribution Frequency Annual Annual Quarterly Annual

Net Income Ratio Analysis

AVEMX Category Low Category High AVEMX % Rank
Net Income Ratio 0.52% -2.06% 3.38% 38.31%

Capital Gain Distribution Analysis

AVEMX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Distributions History

View More +

AVEMX - Fund Manager Analysis

Managers

Timothy Schwartz


Start Date

Tenure

Tenure Rank

Jan 01, 2016

6.42

6.4%

Timothy S. Schwartz, CFA, is the lead portfolio manager. Mr. Timothy Schwartz joined Schwartz Investment Counsel, Inc. in 1998 and currently serves as Executive Vice President and Chief Financial Officer.

Ryan Kuyawa


Start Date

Tenure

Tenure Rank

Jan 01, 2021

1.41

1.4%

Ryan M. Kuyawa, CFA, portfolio manager of Schwartz Investment Counsel Inc, joined the Schwartz Investment Counsel Inc in 2019 and currently serves as a Senior Research Analyst and Head Trader. From 2015 until 2019, he was an analyst and portfolio manager at Grey Value Management.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.25 38.44 7.29 5.78