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.

The funds will invest in companies whose policies do not violate the core principles of the Roman Catholic Church, as established by the Funds’ Catholic Advisory Board.

All three funds have no front-end load, and require a minimum initial investment of $1,000.

Based in Bloomingfield Hills, Mich., Schwartz Investment has also managed the Schwartz Value Fund (RCMFX) since Jan. 1, 1984.