May 1, 2003 – Schwartz Investment Counsel Inc. introduced two new mutual funds which will invest along `pro-family’ and `pro-life’ moral criteria — the Ave Maria Growth Fund (AVEGX) and the Ave Maria Bond Fund (AVEFX).
Schwartz Investment now comprises three `Catholic’ mutual funds, including the two-year-old $100-million Ave Maria Catholic Values Fund (AVEMX), which is managed by George Schwartz, president of the Schwartz Investment.
Of the five dozen or so `socially responsible’ mutual; funds that Standard & Poor’s tracks, a handful are classified as `Christian Values’ portfolios, including the Aquinas fund family, among others.
According to Robert Schwartz, a research analyst at Schwartz Investment and the president of Schwartz Fund Distributors Inc., the Bond fund is managed by Richard L. Platte, Jr., CFA, an executive vice president at Schwartz Investment. The Growth fund will be sub-advised by JLB & Associates, an investment firm based in Plymouth, Mich.