PLYMOUTH, Mich., March 8, 2019 /PRNewswire/ -- Schwartz Investment Counsel, Inc., the investment adviser to the Ave Maria Mutual Funds, today announced that its Ave Maria Bond Fund (NASDAQ: AVEFX) has been awarded the 2019 Lipper Fund Award for the best of 42 A-rated corporate bond funds. The award is for the 3-year period ended November 30, 2018 and acknowledges the mutual fund's consistently strong risk-adjusted returns relative to its peers.
"We are honored that Lipper has recognized the Ave Maria Bond Fund with this prestigious award," said George P. Schwartz, CFA, Chairman and CEO of Schwartz Investment Counsel, Inc. "Our fixed income team headed by Brandon Scheitler has done an exceptional job managing this fund, and this award showcases how investors can achieve excellence while practicing the principles of Morally Responsible Investing."
The Lipper Fund Awards are part of the Thomson Reuters Awards for Excellence, a global family of awards that honor funds and fund management firms that have excelled in providing consistently strong risk-adjusted performance relative to their peers.
About Lipper Fund Awards
The Lipper Fund Awards ceremony is an exclusive event held to celebrate winning funds and fund management firms for their consistently strong risk-adjusted performance, relative to their peers. Eight fund families will also receive Asset Class Group Awards for their superior firm-wide results. For more information about the Lipper Fund Awards, please visit https://www.lipperfundawards.com.
About Ave Maria Mutual Funds
Ave Maria Mutual Funds is the largest family of Catholic mutual funds in the U.S with $2.2 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 three largest funds are the $860 million Ave Maria Rising Dividend Fund (NASDAQ: AVEDX), $677 million Ave Maria Growth Fund (NASDAQ: AVEGX) and $342 million Ave Maria Bond Fund (NASDAQ: AVEFX). For more information about Ave Maria Mutual Funds, please call 1-866-AVE-MARIA (866-283-6274) or visit http://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., please visit www.schwartzinvest.com.
Investing involves risk, including possible loss of principal. The Adviser invests in securities only if they meet the Funds' investment and religious requirements, and as such, the returns may be lower or higher than if the Adviser made decisions based solely on investment considerations.
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.
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SOURCE Schwartz Investment Counsel, Inc.