About AVEFX
Ave Maria Bond Fund Class R is an actively managed mutual fund focused on capital preservation and a reasonable level of current income. The fund primarily invests in investment‑grade U.S. dollar debt across Treasuries, government agencies, corporations, and municipalities, with flexibility to include mortgage‑ and asset‑backed securities, and a limited sleeve in dividend‑paying preferreds, convertibles, and common stocks. Its strategy applies Roman Catholic faith‑based screening to avoid issuers whose activities conflict with the fund’s religious criteria, integrating values‑based exclusions alongside traditional credit research. Managed by Schwartz Investment Counsel since its 2003 inception, the portfolio targets intermediate‑term, high‑quality exposure and seeks issues that appear comparatively undervalued. The fund distributes dividends monthly and capital gains annually, reflecting its income orientation. Within the fixed‑income landscape, it serves investors seeking a conservative, values‑aligned core bond allocation that blends government and corporate credit while maintaining investment‑grade standards and disciplined risk control.
Fund Family Ave Maria Mutual Funds
Category Allocation--15% to 30% Equity
Performance Rating Average
Risk Rating Low
Stock Exchange NASDAQ
Ticker Symbol AVEFX
Index Bloomberg Intermediate US Govt/Credit TR
AVEFX had a total return of 4.15% in the past year, including dividends. Since the fund's
inception, the average annual return has been 4.13%.
