Ave Maria Rising Dividend Fund
Name
As of 03/27/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
6.9%
1 yr return
21.7%
3 Yr Avg Return
8.5%
5 Yr Avg Return
11.3%
Net Assets
$1.01 B
Holdings in Top 10
37.8%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 0.91%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 38.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$2,500
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 03/27/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
AVEDX - Profile
Distributions
- YTD Total Return 6.9%
- 3 Yr Annualized Total Return 8.5%
- 5 Yr Annualized Total Return 11.3%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 1.21%
- Dividend Yield 1.2%
- Dividend Distribution Frequency None
Fund Details
-
Legal NameAve Maria Rising Dividend Fund
-
Fund Family NameSchwartz Investment Trust
-
Inception DateMay 10, 2005
-
Shares OutstandingN/A
-
Share ClassOther
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerGeorge Schwartz
Fund Description
Under normal circumstances, the Ave Maria Rising Dividend Fund will invest at least 80% of its net assets, including the amount of any borrowings for investment purposes, in the common stocks of dividend-paying companies that are expected to increase their dividends over time and to provide long-term growth of capital. Under normal circumstances, all of the Funds equity investments (which include common stocks, preferred stocks and securities convertible into common stock) and at least 80% of the Funds net assets will be invested in companies meeting the Funds 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 core values and teachings of the Roman Catholic Church. The Fund may invest in companies of all sizes.
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 Funds 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 Funds 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 believes that a track record of dividend increases is an excellent indicator of a companys financial health and growth prospects, and that over the long term, income can contribute significantly to total return. Dividends can also help reduce the Funds volatility during periods of market turbulence and help offset losses when stock prices are falling. The Adviser looks for stocks with sustainable, above-average growth in earnings and dividends, and the Adviser attempts to buy them when they are temporarily out-of-favor or undervalued by the market.
Using fundamental security analysis, the Adviser extensively analyzes stocks to identify those that meet the Funds investment objectives and standards. In selecting investments for the Fund, the Adviser favors companies with one or more of the following attributes:
● | either a track record of, or the potential for, above-average earnings and dividend growth; |
● | a competitive dividend yield; |
● | a sound balance sheet and solid cash flow to support future dividend increases; |
● | a sustainable competitive advantage and leading market position; and |
● | reasonable valuations, such as low price/earnings, price/cash flow, or price/sales ratios. |
In pursuing the Funds investment objectives, the Adviser has the discretion to purchase securities in special situations when it perceives an unusual opportunity for gain. These special situations might arise when the Adviser believes a security could increase in value for a variety of reasons, including a change in management, an extraordinary corporate event, or a temporary imbalance in the supply of or demand for the securities.
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.
Stocks are sold when a company fails to achieve its expected results, or economic factors or competitive developments adversely impair the companys 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.
AVEDX - Performance
Return Ranking - Trailing
Period | AVEDX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 6.9% | 0.3% | 17.0% | 91.49% |
1 Yr | 21.7% | 3.7% | 53.6% | 92.44% |
3 Yr | 8.5%* | -10.3% | 30.6% | 77.52% |
5 Yr | 11.3%* | -7.9% | 109.2% | 86.46% |
10 Yr | 9.6%* | 0.4% | 21.0% | 86.25% |
* Annualized
Return Ranking - Calendar
Period | AVEDX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 10.0% | -42.6% | 47.4% | 82.98% |
2022 | -12.3% | -56.3% | -4.2% | 3.83% |
2021 | 13.3% | -27.2% | 53.7% | 65.50% |
2020 | 3.5% | -36.2% | 2181.7% | 88.53% |
2019 | 18.0% | -22.7% | 40.4% | 78.00% |
Total Return Ranking - Trailing
Period | AVEDX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 6.9% | 0.3% | 17.0% | 91.49% |
1 Yr | 21.7% | 3.7% | 53.6% | 92.44% |
3 Yr | 8.5%* | -10.3% | 30.6% | 77.52% |
5 Yr | 11.3%* | -7.9% | 109.2% | 86.46% |
10 Yr | 9.6%* | 0.4% | 21.0% | 86.25% |
* Annualized
Total Return Ranking - Calendar
Period | AVEDX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 11.3% | -5.0% | 47.4% | 94.35% |
2022 | -5.3% | -36.8% | -2.2% | 2.15% |
2021 | 25.4% | 3.0% | 124.3% | 64.37% |
2020 | 6.5% | -15.8% | 2266.0% | 97.05% |
2019 | 27.6% | -0.4% | 241.3% | 72.79% |
NAV & Total Return History
AVEDX - Holdings
Concentration Analysis
AVEDX | Category Low | Category High | AVEDX % Rank | |
---|---|---|---|---|
Net Assets | 1.01 B | 2.59 M | 1.55 T | 54.57% |
Number of Holdings | 37 | 1 | 4053 | 90.30% |
Net Assets in Top 10 | 380 M | 885 K | 387 B | 52.07% |
Weighting of Top 10 | 37.84% | 0.3% | 112.0% | 30.22% |
Top 10 Holdings
- Broadridge Financial Solutions, Inc. 4.20%
- Chemed Corporation 4.08%
- Chubb Ltd. 3.94%
- Accenture plc Class A 3.85%
- Pioneer Natural Resources Company 3.81%
- Texas Pacific Land Corporation 3.76%
- Texas Instruments, Inc. 3.65%
- Mastercard, Inc. Class A 3.61%
- Moody's Corporation 3.50%
- Lowe's Companies, Inc. 3.44%
Asset Allocation
Weighting | Return Low | Return High | AVEDX % Rank | |
---|---|---|---|---|
Stocks | 98.55% | 0.00% | 124.03% | 56.29% |
Cash | 1.57% | 0.00% | 99.06% | 39.17% |
Preferred Stocks | 0.00% | 0.00% | 2.38% | 40.11% |
Other | 0.00% | -13.91% | 100.00% | 55.59% |
Convertible Bonds | 0.00% | 0.00% | 5.54% | 36.94% |
Bonds | 0.00% | -0.50% | 94.15% | 41.28% |
Stock Sector Breakdown
Weighting | Return Low | Return High | AVEDX % Rank | |
---|---|---|---|---|
Financial Services | 24.54% | 0.00% | 55.59% | 3.42% |
Technology | 22.95% | 0.00% | 48.94% | 60.38% |
Consumer Cyclical | 14.72% | 0.00% | 30.33% | 5.01% |
Energy | 13.38% | 0.00% | 41.64% | 1.35% |
Industrials | 10.22% | 0.00% | 29.90% | 34.45% |
Healthcare | 9.37% | 0.00% | 60.70% | 93.32% |
Real Estate | 3.09% | 0.00% | 31.91% | 35.64% |
Consumer Defense | 1.72% | 0.00% | 47.71% | 96.26% |
Utilities | 0.00% | 0.00% | 20.91% | 91.09% |
Communication Services | 0.00% | 0.00% | 27.94% | 99.36% |
Basic Materials | 0.00% | 0.00% | 25.70% | 96.42% |
Stock Geographic Breakdown
Weighting | Return Low | Return High | AVEDX % Rank | |
---|---|---|---|---|
US | 96.18% | 0.00% | 124.03% | 73.89% |
Non US | 2.37% | 0.00% | 62.81% | 12.98% |
AVEDX - Expenses
Operational Fees
AVEDX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 0.91% | 0.01% | 16.07% | 42.96% |
Management Fee | 0.75% | 0.00% | 1.89% | 87.27% |
12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
Administrative Fee | N/A | 0.00% | 0.85% | 65.22% |
Sales Fees
AVEDX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 1.00% | 5.75% | N/A |
Deferred Load | N/A | 1.00% | 5.00% | N/A |
Trading Fees
AVEDX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | 0.25% | 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.
AVEDX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 38.00% | 0.00% | 496.00% | 66.61% |
AVEDX - Distributions
Dividend Yield Analysis
AVEDX | Category Low | Category High | AVEDX % Rank | |
---|---|---|---|---|
Dividend Yield | 1.19% | 0.00% | 25.10% | 60.74% |
Dividend Distribution Analysis
AVEDX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | None | Annual | Quarterly | Semi-Annually |
Net Income Ratio Analysis
AVEDX | Category Low | Category High | AVEDX % Rank | |
---|---|---|---|---|
Net Income Ratio | 1.21% | -54.00% | 6.06% | 19.23% |
Capital Gain Distribution Analysis
AVEDX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Quarterly | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Dec 29, 2023 | $0.067 | OrdinaryDividend |
Oct 02, 2023 | $0.053 | OrdinaryDividend |
Jul 03, 2023 | $0.062 | OrdinaryDividend |
Apr 03, 2023 | $0.055 | OrdinaryDividend |
Dec 30, 2022 | $0.095 | OrdinaryDividend |
Oct 03, 2022 | $0.068 | OrdinaryDividend |
Jun 30, 2022 | $0.093 | OrdinaryDividend |
Mar 31, 2022 | $0.047 | OrdinaryDividend |
Sep 30, 2021 | $0.045 | OrdinaryDividend |
Jun 30, 2021 | $0.047 | OrdinaryDividend |
Mar 31, 2021 | $0.051 | OrdinaryDividend |
Oct 01, 2020 | $0.050 | OrdinaryDividend |
Jul 01, 2020 | $0.060 | OrdinaryDividend |
Apr 01, 2020 | $0.050 | OrdinaryDividend |
Dec 31, 2019 | $1.272 | OrdinaryDividend |
Oct 01, 2019 | $0.063 | OrdinaryDividend |
Jul 01, 2019 | $0.063 | OrdinaryDividend |
Apr 01, 2019 | $0.039 | OrdinaryDividend |
Sep 28, 2018 | $0.062 | OrdinaryDividend |
Jun 29, 2018 | $0.054 | OrdinaryDividend |
Mar 29, 2018 | $0.057 | OrdinaryDividend |
Sep 29, 2017 | $0.051 | OrdinaryDividend |
Jun 30, 2017 | $0.047 | OrdinaryDividend |
Mar 31, 2017 | $0.041 | OrdinaryDividend |
Sep 30, 2016 | $0.061 | OrdinaryDividend |
Jun 30, 2016 | $0.049 | OrdinaryDividend |
Mar 31, 2016 | $0.064 | OrdinaryDividend |
Sep 30, 2015 | $0.066 | OrdinaryDividend |
Jun 30, 2015 | $0.048 | OrdinaryDividend |
Mar 31, 2015 | $0.061 | OrdinaryDividend |
Sep 30, 2014 | $0.048 | OrdinaryDividend |
Jun 30, 2014 | $0.043 | OrdinaryDividend |
Mar 31, 2014 | $0.033 | OrdinaryDividend |
Sep 30, 2013 | $0.043 | OrdinaryDividend |
Jun 28, 2013 | $0.044 | OrdinaryDividend |
Mar 28, 2013 | $0.023 | OrdinaryDividend |
Sep 28, 2012 | $0.051 | OrdinaryDividend |
Jun 29, 2012 | $0.050 | OrdinaryDividend |
Mar 30, 2012 | $0.047 | OrdinaryDividend |
Dec 29, 2011 | $0.051 | OrdinaryDividend |
Sep 30, 2011 | $0.042 | OrdinaryDividend |
Jun 30, 2011 | $0.044 | OrdinaryDividend |
Mar 31, 2011 | $0.038 | OrdinaryDividend |
Dec 30, 2010 | $0.040 | OrdinaryDividend |
Sep 30, 2010 | $0.044 | OrdinaryDividend |
Jun 30, 2010 | $0.034 | OrdinaryDividend |
Mar 31, 2010 | $0.054 | OrdinaryDividend |
Dec 30, 2009 | $0.029 | OrdinaryDividend |
Sep 30, 2009 | $0.026 | OrdinaryDividend |
Jun 30, 2009 | $0.039 | OrdinaryDividend |
Mar 31, 2009 | $0.037 | OrdinaryDividend |
Dec 30, 2008 | $0.043 | OrdinaryDividend |
Sep 30, 2008 | $0.031 | OrdinaryDividend |
Jun 30, 2008 | $0.035 | OrdinaryDividend |
Mar 31, 2008 | $0.037 | OrdinaryDividend |
Dec 28, 2007 | $0.048 | OrdinaryDividend |
Sep 28, 2007 | $0.035 | OrdinaryDividend |
Jun 29, 2007 | $0.040 | OrdinaryDividend |
Mar 29, 2007 | $0.034 | OrdinaryDividend |
Dec 28, 2006 | $0.046 | OrdinaryDividend |
Sep 29, 2006 | $0.040 | OrdinaryDividend |
Jun 30, 2006 | $0.030 | OrdinaryDividend |
Mar 31, 2006 | $0.020 | OrdinaryDividend |
Dec 29, 2005 | $0.027 | OrdinaryDividend |
Sep 30, 2005 | $0.030 | OrdinaryDividend |
Jun 30, 2005 | $0.020 | OrdinaryDividend |
AVEDX - Fund Manager Analysis
Managers
George Schwartz
Start Date
Tenure
Tenure Rank
May 02, 2005
17.09
17.1%
Schwartz, Chairman and Chief Executive Officer of Schwartz Investment Counsel, Inc, has acted as a portfolio manager and co-portfolio manager. He also serves as director of Schwartz Investment Counsel, Inc., president, chief executive officer and chief investment officer with responsibility for the development and implementation of the investment strategy of the firm. From 1974 to 1980, he was vice president, senior investment officer, and chairman of the Investment Committee of the National Bank and Trust of Ann Arbor. In 1980, George founded Schwartz Investment Counsel, Inc. Schwartz holds the Chartered Financial Analyst designation.
Brandon Scheitler
Start Date
Tenure
Tenure Rank
Mar 01, 2021
1.25
1.3%
Brandon S. Scheitler, MBA, is a lead portfolio manager, joined Schwartz Investment Counsel Inc in 2007 and currently serves as Vice President. He previously serves as Fixed-Income Analyst and Head Trader.
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.04 | 39.02 | 7.21 | 2.42 |