Ave Maria Rising Dividend Fund
AVEDX
NASDAQ- -
USD
- -
- -
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 225 Pictoria Drive, Suite 450 Cincinnati OH United States of America 45246
- IPO Date
- May 3, 2005
- CIK
- 0000891160
- Website
- avemariafunds.com
- Similar Companies
- Business
- Ave Maria Rising Dividend Fund (AVEDX) is an open-end mutual fund that seeks increasing dividend income over time, long-term growth of capital, and a reasonable level of current income through investments primarily in dividend-paying common stocks of companies that do not violate the core values and teachings of the Roman Catholic Church. The fund employs moral screens excluding companies involved in abortion, embryonic stem cell research, Planned Parenthood contributions, and pornography, while focusing on firms with strong balance sheets, competitive advantages, consistent above-average cash flow, and dividend growth; it maintains a portfolio concentrated in sectors such as financial services, industrials, technology, consumer cyclical, and energy, with top holdings including Texas Pacific Land Corp, Chubb Ltd, Mastercard Inc, Genuine Parts Co, and Fastenal Co. Launched on May 2, 2005, as part of the Ave Maria Mutual Funds family managed by Plymouth, Michigan-based Schwartz Investment Counsel, Inc., the fund has approximately $1.06 billion in net assets, a net expense ratio of 0.90%, and is available on a no-load basis with a $2,500 minimum initial investment through individual, joint, custodial, IRA, and other accounts. Portfolio managers George P. Schwartz and Brandon Scheitler oversee the strategy, with the fund domiciled in the United States and primarily allocated to large blend U.S. equities (around 90%), supplemented by non-U.S. stocks and cash. Geographically, it operates with a strong U.S. focus (89.8% of assets), modest exposure to Europe, the United Kingdom, and Canada, targeting investors seeking morally responsible large blend investments. In recent developments, the fund has undergone portfolio adjustments including full exits from positions in Rentokil Initial PLC and Jack Henry & Associates in Q1 2025, alongside sector rotations favoring consumer discretionary and industrials amid market volatility; management changes occurred earlier with transitions effective January 2020 as Richard L. Platte, Jr. moved to "Of Counsel" and Brian D. Milligan resigned in July 2019. Additionally, related Ave Maria funds saw name changes prior to April 28, 2025, with Ave Maria Focused Fund renamed to Ave Maria Growth Focused Fund and Schwartz Value Focused Fund to Ave Maria Value Focused Fund, reflecting ongoing refinements in the fund family structure managed by Schwartz Investment Counsel. The fund continues to emphasize undervalued dividend growers without reported major acquisitions, partnerships, or funding rounds in the past 1-2 years.