An introduction to ave maria mutual funds - Q3 2019 presentation book For Financial Professional Use Only.
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An introduction to
ave maria mutual funds
Q3 2019
presentation book
For Financial Professional Use Only.
Table of Contents
Schwartz Investment Counsel, Inc. 1-7
Ave Maria Mutual Funds 8-15
For Financial Professional Use Only.
Schwartz Investment counsel, inc. For Financial Professional Use Only.
Schwartz Investment Counsel, Inc.
Important Facts
Founded in 1980
Headquartered in Plymouth, Michigan
Portfolio managers and analysts average over 20 years of investment
experience
Investment adviser to the Ave Maria Mutual Funds
1
For Financial Professional Use Only.
Schwartz Investment Counsel, Inc.
Our Philosophy
Importance placed on long-term relationships
Investment goals consistent with risk tolerance levels
Prudent management utilizes trust-quality investments
Seek to provide above-average returns and below-average risk
Our reputation is our most valuable asset
The Ave Maria Mutual Funds couple intelligent, disciplined investing with
Catholic Values
2
For Financial Professional Use Only.
Schwartz Investment Counsel, Inc.
Growth of Assets Under Management
$3,000.0
$2,654.6
$2,500.0
$2,000.0
Total ($MM)
$1,500.0
$1,000.0
$500.0
$-
2001 2006 2011 2016 9/30/19
3
For Financial Professional Use Only.
Schwartz Investment Counsel, Inc.
Equity Investment Discipline
Emphasize companies with superior business characteristics
Utilize independent analysis and proprietary screening supplemented by
Wall Street research
Purchase shares of financially sound companies when they are out of favor
and attractively priced
Buy across market capitalizations if price represents a significant discount to
our estimate of intrinsic value
Contrarian discipline designed to reduce the risk of loss and enhance returns
Sell stocks when they no longer meet our standards
4
For Financial Professional Use Only.
Schwartz Investment Counsel, Inc.
Fixed Income Philosophy
Seek predictable income and relative price stability
High quality is paramount, investment grade only --- no derivatives, no
extreme maturity bets
Portfolios are opportunistically structured
Sector, credit and yield curve analysis is employed to add value
Avoid excessive turnover
Rate anticipation utilized in portfolio structuring
5
For Financial Professional Use Only.
Schwartz Investment Counsel, Inc.
Experienced Portfolio Managers
George P. Schwartz, CFA Joseph W. Skornicka, CFA
Years of Fund managed Years of Funds managed
investment investment
experience experience
40+ Rising Dividend Rising Dividend
31 Value
World Equity
Richard L. Platte, Jr. , CFA Timothy S. Schwartz CFA
Years of Funds managed Years of Fund managed
investment investment
experience experience
Bond 21 Value
40+ Growth
Rising Dividend
6
For Financial Professional Use Only.
Schwartz Investment Counsel, Inc.
Experienced Portfolio Managers
Brandon S. Scheitler Adam P. Gaglio, CFA
Years of Fund managed Years of Fund managed
investment investment
experience experience
13 Bond 6 Growth
Robert C. Schwartz, CFP® Chadd M. Garcia, CFA
Years of Fund managed Years of Fund managed
investment investment
experience experience
13 World Equity 15 Value
7
For Financial Professional Use Only.Ave maria mutual funds For Financial Professional Use Only.
Ave Maria Mutual Funds
Searching For An Investment That Shares Your Values?
Wise Investors are selective; they recognize the impact of investment choices on the
lives of those around them. If you do not want to own stocks of companies that support
abortion, pornography or other anti-family policies, consider the Ave Maria Mutual
Funds.
8
For Financial Professional Use Only.Ave Maria Mutual Funds
Organizational Structure
Catholic Advisory Board
Schwartz Investment
Counsel, Inc. Sets moral criteria for
screening out companies
Experienced investment that violate core values of
professionals select the Roman Catholic
securities Church
9
For Financial Professional Use Only.Ave Maria Mutual Funds
Diversified Fund Family
Value Fund (AVEMX) Growth Fund (AVEGX) Rising Dividend Fund (AVEDX)
Investment Long-term capital Investment Long-term capital Investment Long-term capital
Goal appreciation Goal appreciation Goal appreciation and a rising
stream of dividend
Primary Invests in companies that Primary Invests in mid-cap and payments
Investment are believed to be Investment larger companies offering
Focus undervalued relative to Focus above-average potential Primary Invests in dividend-paying
their intrinsic worth for growth in revenues, Investment common stocks with price
profits and cash flow Focus appreciation potential
Inception May 1, 2001 Inception May 1, 2003 Inception May 2, 2005
Date Date Date
World Equity Fund (AVEWX) Bond Fund (AVEFX)
Investment Long-term capital Investment Preservation of principal
Goal appreciation Goal with a reasonable level of
current income
Primary Invests in companies of all Primary Invests primarily in domestic
Investment capitalizations from around Investment investment-grade debt of
Focus the world Focus government and corporate
issuers. May invest up to
20% of its assets in equities
Inception April 30, 2010
Date Inception May 1, 2003
Date
10
For Financial Professional Use Only.Ave Maria Mutual Funds
Institutional Shareholders
71 Schools & Universities
14 Endowment Funds
45 Foundations
58 Dioceses
59 Churches
169 Other Organizations
As of 12-31-18
11
For Financial Professional Use Only.Ave Maria Mutual Funds
Catholic Advisory Board
Composed of prominent Catholics who provide religious guidance in accordance with the Roman Catholic
Church, the Board meets regularly to review the Funds’ religious standards and criteria.
Robby Scott Lou Larry Tom Melissa
George, PhD Hahn Holtz, Emeritus Kudlow, Emeritus Monaghan Moschella, PhD
Professor, Professor, Former Head Director, Chairman of Professor,
Princeton Franciscan Football Coach National Economic the Ave Columbia
University University of University of Council Maria University
Steubenville Notre Dame Foundation
Episcopal
Advisors
Gloria Father Paul Lila His Eminence His Excellency
Purvis Riccardo, Emeritus Roney, CPA Rose Adam Cardinal Allen
Host Executive Director, President of President of Live Maida Vigneron
EWTN’s ACTS XXIX Domino’s Farms Action Archbishop of Archbishop of
Morning Glory Corporation Detroit, Emeritus Detroit
12
For Financial Professional Use Only.Ave Maria Mutual Funds
Moral Screens
Companies Eliminated by the Ave Maria Mutual Funds Moral Screens
Abortion / Embryonic Anti-Life / Anti-Marriage Pornography
Stem Cell Research Policies
Companies that contribute corporate Various producers & distributors,
Selected drug companies, Including media companies, hotels,
funds to Planned Parenthood (the
Hospitals, insurance companies retailers and internet & cable
largest provider of abortions
and retailers providers
in the U.S.)
The screening process eliminates
approximately 150 of the companies in
the Russell 3000® Index, leaving 95% of
this universe eligible for investment.
13
For Financial Professional Use Only.Ave Maria Mutual Funds
Total Returns (%) for the periods
ended 9-30-19
Gross/Net
1 3 5 10 Prospectus
1
Fund (Ticker)/Index YTD Year Years^ Years^ Years^ S.I.^* Expense Ratio
Value Fund (AVEMX) 17.22 -2.34 9.84 4.80 8.41 6.68 1.10%/1.10%
®
S&P MidCap 400 Index 17.87 -2.49 9.38 8.88 12.56 8.99
Growth Fund (AVEGX) 28.45 11.09 17.61 13.67 14.30 11.56 0.97%/0.97%
S&P 500® Index 20.55 4.25 13.39 10.84 13.24 9.66
Rising Dividend Fund (AVEDX) 21.10 6.33 11.69 8.68 12.24 9.37 0.94%/0.94%
®
S&P 500 Index 20.55 4.25 13.39 10.84 13.24 9.00
World Equity Fund (AVEWX) 22.29 6.43 9.59 6.43 na 7.36 1.35%/1.26%
®
S&P Global 1200 Index 17.73 2.53 10.97 7.85 na 9.28
MSCI World Index 17.61 1.83 10.21 7.18 na 8.66
Bond Fund (AVEFX) 6.51 5.50 3.52 3.39 4.08 4.19 0.50%/0.50%
Bloomberg Barclays Intermediate 6.41 8.17 2.40 2.68 3.05 3.56
U.S. Gov/Credit Index
^ Annualized
* Since Inception
Inception dates as follows; AVEMX (5-1-01), AVEGX (5-1-03), AVEDX (5-2-05), AVEWX (4-30-10) and AVEFX (5-1-03)
1 The adviserhas contractually agreed to limit the ordinary operating expenses of the Ave Maria World Equity Fund to an amount not exceeding 1.25% of the Fund’s
average daily net assets until at least May 1, 2020. Performance data quoted represents past performance, which is no guarantee of future
results. Investment return and principal value are historical and may fluctuate so that redemption value may be worth more or less
than the original cost. Current performance may be lower or higher than what is quoted. Call 1-866-AVE-MARIA or visit
www.avemariafunds.com for the most current month-end performance.
14
For Financial Professional Use Only.Ave Maria Mutual Funds
For more information contact:
Michael J. Schwartz Todd C. Giessler
Senior Vice President – Director of Advisory
Institutional Sales Services
313-378-2192 (cell) 614-284-0702 (cell)
239-867-4520 (main) 239-867-4520 (main)
mjs@schwartzinvest.com tcg@schwartzinvest.com
15
For Financial Professional Use Only.For additional information, call
1-866-AVE-MARIA (1-866-283-6274)
Or visit avemariafunds.com
IMPORTANT INFORMATION FOR INVESTORS
Schwartz Investment Counsel, Inc., a registered investment adviser established in 1980, serves as investment adviser for Ave Maria
Mutual Funds and invests only in securities that meet the Funds’ investment and religious requirements. The returns may be lower or
higher than if decisions were based solely on investment considerations. The 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 and liquidity risk. AVEDX invests primarily in dividend
paying companies and it is possible these companies may eliminate or reduce their dividend payments.
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 at www.avemariafunds.com. Distributed by Ultimus Fund Distributors, LLC.
02-03-011520 / 9055949-UFD-10/15/2019
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