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The fund's primary objective is to achieve long-term capital appreciation by investing at least 80% of its total assets, including any funds borrowed for investment purposes, into common equities of companies that distribute dividends. These companies are specifically targeted for their anticipated ability to consistently increase their dividend payouts over time. A crucial aspect of the fund's strategy is that, under normal operating conditions, all its equity investments—which include common stocks, preferred stocks, and securities convertible into common stock—and a minimum of 80% of its net assets will be held in companies that satisfy its specific religious guidelines.
PLYMOUTH, Mich.--(BUSINESS WIRE)--Schwartz Investment Counsel, Inc. (the Firm), the investment adviser for the Ave Maria Mutual Funds and the Schwartz Value Focused Fund, has announced a reduction in the management fee of three funds effective May 1, 2022. The management fee of the Ave Maria Focused Fund (AVEAX) will be lowered from 0.85% to 0.75% per year, bringing the total expense ratio down to 1.12%. The Ave Maria World Equity Fund (AVEWX), will lower its management fee from 0.95% to 0.75% per year, reducing the total expense ratio to 1.02%. Also, the Schwartz Value Focused Fund (RCMFX) will reduce its management fee from 0.95% to 0.75% per year, resulting in a 1.26% total expense ratio. George P. Schwartz, CFA, Chairman and Chief Executive Officer, stated, “As fund assets have appreciated, cost savings have been realized and our Board of Trustees has decided to pass those savings along in the form of reduced expenses for our shareholders.” Over the past five years, the Ave Maria Mutual Funds have reduced expenses for several of its funds to the benefit of shareholders. The Firm also announced the promotion of Sean C. Gaffney, CFA, to co-Portfolio Manager of the Ave Maria World Equity Fund (AVEWX), joining Lead Portfolio Manager, Anthony W. Gennaro, CFA, CPA. Before joining Schwartz Investment Counsel, Inc., Sean worked as an investment analyst at Plante Moran Financial Advisors. Sean holds a Bachelor of Science degree in Finance from the University of Connecticut and a Master of Arts degree in Theology from the Augustine Institute, and has earned the Chartered Financial Analyst designation. About Ave Maria Mutual Funds Ave Maria Mutual Funds is the largest family of Catholic mutual funds in the U.S with $2.8 billion in assets under management. The six no-load funds invest in companies that do not violate core values and teachings of the Catholic Church. The two largest funds are the $924 million Ave Maria Rising Dividend Fund (Ticker: AVEDX) and $882 million Ave Maria Growth Fund (Ticker: AVEGX). For more information about Ave Maria Mutual Funds, call 1-866-AVE-MARIA (866-283-6274) or visit www.avemariafunds.com. About Schwartz Investment Counsel, Inc. Schwartz Investment Counsel, Inc. is a Registered Investment Adviser. Founded in 1980, the Firm is headquartered in Plymouth, Michigan with a branch office in Ave Maria, Florida. In managing the Ave Maria Mutual Funds, investments are made only if companies meet the Funds’ financial and moral criteria. As such, returns may be lower or higher than if decisions were based solely on investment considerations. The Funds’ 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. For more information about Schwartz Investment Counsel, Inc., visit www.schwartzinvest.com. Ave Maria Mutual Funds Prospectus Request a prospectus, which includes investment objectives, risks, fees, charges and 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. Schwartz Value Focused Fund Prospectus Prospective investors should read the prospectus carefully and consider the Fund’s investment objectives, risks, charges, and expenses carefully before investing. The prospectus, which can be obtained by calling 1-800-449-9240 or online at www.schwartzvaluefocusedfund.com, contains this and other important information. Distributed by Ultimus Fund Distributors LLC. 14774355-UFD-04042022 Schwartz Investment Counsel, Inc. is not affiliated with Ultimus Fund Distributors, LLC.
PLYMOUTH, Mich.--(BUSINESS WIRE)--The Texas Pacific Land Corporation (TPL) Board of Directors has refused to act on an advisory ballot proposal approved by 55.9% of shareholders. Despite the majority vote held on December 29, 2021, to declassify the Board of Directors, the Board has not taken action to do so. Schwartz Investment Counsel, Inc., on behalf of clients, owns over 74,000 shares of TPL (approximately 1% of the shares outstanding) with a market value more than $96,000,000. Having invested in TPL since 2015, Schwartz Investment Counsel, Inc. is one of TPL’s largest shareholders and believes TPL’s board has a fiduciary obligation to implement the owners’ wishes. Schwartz Investment Counsel, Inc. believes doing so would clearly be in the best interest of the company and all its shareholders. TPL currently has three classes of board members. If declassified, all directors would be required to stand for re-election yearly. Currently, only one-third of the board members stand for re-election each year. Schwartz Investment Counsel, Inc. is against staggered boards and believes they only serve to entrench board members, which is not in the best interest of all shareholders. On December 29, 2021, Schwartz Investment Counsel, Inc., along with the majority of shareholders, voted to declassify, which the TPL Board has refused to do. We recommend that other TPL shareholders also encourage the Board to implement the declassification for which we owners have voted. George P. Schwartz, Chairman & CEO Schwartz Investment Counsel, Inc. About Ave Maria Mutual Funds Ave Maria Mutual Funds is the largest family of Catholic mutual funds in the U.S with nearly $2.9 billion in assets under management. The six no-load funds invest in companies that do not violate core values and teachings of the Catholic Church. The two largest funds are the $937 million Ave Maria Rising Dividend Fund (Ticker: AVEDX) and $912 million Ave Maria Growth Fund (Ticker: AVEGX). For more information about Ave Maria Mutual Funds, call 1-866-AVE-MARIA (866-283-6274) or visit www.avemariafunds.com. About Schwartz Investment Counsel, Inc. Schwartz Investment Counsel, Inc. is a Registered Investment Adviser. Founded in 1980, the Firm is headquartered in Plymouth, Michigan with a branch office in Ave Maria, Florida. In managing the Ave Maria Mutual Funds, investments are made only if companies meet the Funds’ financial and moral criteria. As such, returns may be lower or higher than if decisions were based solely on investment considerations. The Funds’ 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. For more information about Schwartz Investment Counsel, Inc., visit www.schwartzinvest.com. As of 12–31–21, the holding percentages of Texas Pacific Land Corporation in the Ave Maria Mutual Funds were as follows: Ave Maria Bond Fund (1.3%), Ave Maria Focused Fund (1.8%), Ave Maria Growth Fund (0.6%), Ave Maria Rising Dividend Fund (3.9%) and Ave Maria Value Fund (9.7%). As of 12-31-21, the Schwartz Value Focused Fund had a 29.1% holding percentage in Texas Pacific Land Corporation. Fund holdings are subject to change and should not be considered purchase recommendations. There is no assurance that the securities mentioned remain in the Fund’s portfolio or that securities sold have not been repurchased. Ave Maria Mutual Funds Prospectus Request a prospectus, which includes investment objectives, risks, fees, charges and 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. Schwartz Value Focused Fund Prospectus Prospective investors should read the prospectus carefully and consider the Fund’s investment objectives, risks, charges and expenses carefully before investing. The prospectus, which can be obtained by calling 1-800-449-9240 or online at www.schwartzvaluefocusedfund.com, contains this and other important information. Distributed by Ultimus Fund Distributors LLC. 14588187-UFD-03042022 Schwartz Investment Counsel, Inc. is not affiliated with Ultimus Fund Distributors, LLC.
PLYMOUTH, Mich.--(BUSINESS WIRE)--Schwartz Investment Counsel, Inc. (the Firm), investment adviser for the Ave Maria Mutual Funds, has seen an incredible growth of interest in the morally responsible investment (MRI) strategies presented in the Ave Maria Mutual Funds. In order to satisfy the demand among advisors and their clients, the Firm has hired an industry professional with a deep understanding of the needs of advisors who also aligns with the principles and culture of the organization. Robert M. Geppner has joined Schwartz Investment Counsel, Inc. as Director of Strategic Planning, having recently retired from Franklin Templeton Investments where he crafted an illustrious 34-year career. Bob has worked in all facets of intermediary distribution, beginning his career as a wholesaler in 1987 and advancing to Executive Vice President - Head of National Sales. In his new role with the Firm, Bob will further cultivate relationships with financial advisors across the full spectrum of distributors. George P. Schwartz, CFA, Chairman and Chief Executive Officer, remarked, “Bob is a tremendous addition to our Firm. We are confident that with his industry expertise and his reputation for integrity, he will expand the presence of the Ave Maria Mutual Funds within the broker dealer community.” Geppner will report to Michael J. Schwartz, Executive Vice President – Institutional Sales, who added, “I am excited to work with a such an accomplished professional as Bob and I’m sure he’ll contribute significantly to the expansion of our family of Catholic mutual funds.” Bob Geppner commented, “The interest in 'Impact Investing' has focused a spotlight on MRI and I hope to leverage my experience to significantly expand the placement of our family of Catholic mutual funds.” About Ave Maria Mutual Funds Ave Maria Mutual Funds is the largest family of Catholic mutual funds in the U.S. with nearly $3.0 billion in assets under management. The six no-load funds invest in companies that do not violate core values and teachings of the Catholic Church. The two largest funds are the $1 billion Ave Maria Growth Fund (Ticker: AVEGX) and $950 million Ave Maria Rising Dividend Fund (Ticker: AVEDX). For more information about Ave Maria Mutual Funds, call 1-866-AVE-MARIA (866-283-6274) or visit www.avemariafunds.com. About Schwartz Investment Counsel, Inc. Schwartz Investment Counsel, Inc. is a Registered Investment Adviser. Founded in 1980, the Firm is headquartered in Plymouth, Michigan with a branch office in Ave Maria, Florida. In managing the Ave Maria Mutual Funds, investments are made only if companies meet the Funds’ financial and moral criteria. As such, returns may be lower or higher than if decisions were based solely on investment considerations. The Funds’ 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. For more information about Schwartz Investment Counsel, Inc., visit www.schwartzinvest.com. 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. 12966406-UFD-6/9/2021
PLYMOUTH, Mich.--(BUSINESS WIRE)--Schwartz Investment Counsel, Inc. (the Firm), the investment adviser for the Ave Maria Mutual Funds, has announced portfolio manager promotions effective January 1, 2021. For the Ave Maria Value Fund (Ticker: AVEMX), Ryan M. Kuyawa, CFA was named co- Portfolio Manager, joining Lead Portfolio Manager Timothy S. Schwartz, CFA. For the Ave Maria World Equity Fund (Ticker: AVEWX), Anthony W. Gennaro, CFA, CPA was named co-Portfolio Manager, joining Lead Portfolio Manager Joseph W. Skornicka, CFA. George P. Schwartz, Chairman and Chief Executive Officer, commented, “Ryan and Anthony both joined the Firm in 2019 and have significant investment experience. In their tenures with Schwartz Investment Counsel, Inc. they have proven themselves as outstanding research analysts and we are confident in their abilities in their new roles as portfolio managers.” About Ave Maria Mutual Funds Ave Maria Mutual Funds is the largest family of Catholic mutual funds in the U.S with over $2.6 billion in assets under management. The six no-load funds invest in companies that do not violate core values and teachings of the Catholic Church. The two largest funds are the $949 million Ave Maria Growth Fund (Ticker: AVEGX) and $858 million Ave Maria Rising Dividend Fund (Ticker: AVEDX). For more information about Ave Maria Mutual Funds, call 1-866-AVE-MARIA (866-283-6274) or visit www.avemariafunds.com. About Schwartz Investment Counsel, Inc. Schwartz Investment Counsel, Inc. is a Registered Investment Adviser. Founded in 1980, the Firm is headquartered in Plymouth, Michigan with a branch office in Ave Maria, Florida. In managing the Ave Maria Mutual Funds, investments are made only if companies meet the Funds’ financial and moral criteria. As such, returns may be lower or higher than if decisions were based solely on investment considerations. The Funds’ 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. For more information about Schwartz Investment Counsel, Inc., visit www.schwartzinvest.com. 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. 11706403-UFD-12/23/2020
PLYMOUTH, Mich.--(BUSINESS WIRE)--Schwartz Investment Counsel, Inc., a registered investment adviser established in 1980 and manager of the Ave Maria Mutual Funds, has announced the promotion of Michael J. Schwartz from Senior Vice President to Executive Vice President effective March 1, 2020. George P. Schwartz, CFA, Chairman and CEO of Schwartz Investment Counsel, Inc., said, “"With more than 18 years of service at the Firm, Mike has proven to be an effective and strategic leader. He has spearheaded the very successful nationwide development of the Ave Maria Mutual Funds through investment intermediaries and institutional investors. Assets of these pro-life and pro-family mutual funds now exceed $2.7 billion. Supported by a talented and dedicated team of professionals, Mike will no doubt continue to play a key role in the success of Schwartz Investment Counsel, Inc.” About Ave Maria Mutual Funds Ave Maria Mutual Funds is the largest family of Catholic mutual funds in the U.S with $2.7 billion in assets under management. The five no-load funds invest in companies that do not violate core values and teachings of the Catholic Church. The two largest funds are the $962 million Ave Maria Rising Dividend Fund (Ticker: AVEDX) and $857 million Ave Maria Growth Fund (Ticker: AVEGX). For more information about Ave Maria Mutual Funds, call 1-866-AVE-MARIA (866-283-6274) or visit www.avemariafunds.com. About Schwartz Investment Counsel, Inc. Schwartz Investment Counsel, Inc. is a Registered Investment Adviser. Founded in 1980, the Firm is headquartered in Plymouth, Michigan with a branch office in Ave Maria, Florida. In managing the Ave Maria Mutual Funds, investments are made only if companies meet the Funds’ financial and moral criteria. As such, returns may be lower or higher than if decisions were based solely on investment considerations. The Funds’ 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. For more information about Schwartz Investment Counsel, Inc., visit www.schwartzinvest.com. 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. 9672504-UFD-3/6/2020