Are there different share classes?
In the Ave Maria Catholic Values [Fund], there’s only one share class and one expense ratio. So the institutions that are investing in the fund are willing to pay the same rate as anyone who puts in $1,000. Expenses are capped at 150 basis points. Once you’ve gone through the screens, what are you looking for and how does your philosophy of investing come into play? We’re always looking for bargains from an investment perspective. We’re looking for, as [Warren] Buffett used to say, dollars for fifty cents. We apply our own investment screens to find undervalued stocks. Our forte is really in small- and mid-cap stocks; that’s where the Schwartz Value Fund has been concentrated for 20 years. We’ve got a lot of small- and mid-cap stocks in the Ave Maria Catholic Values Fund. We also have a mixture of large caps too, that give the portfolio a fair amount of balance. We’ve got companies like Exxon/Mobil, Genuine Parts, Harley Davidson, AIG, General Dynamics, and Automatic Data Processing. S
