Ave Maria Growth Fund (AVEGX)

Mid Cap domestic stock mutual fund is typically outperformed large cap stock fund. I have provided fund's review of this Ave Maria Growth Fund. It is considered as one of the best mid cap growth stock fund. You can use this fund to diversify your investment portfolio.

Ave Maria Growth Fund (MUTF: AVEGX)

The Ave Maria Growth Fund’s objective is to provide long-term capital appreciation. This Ave Maria fund invests mostly in common stocks of companies that offer above-average potential for growth in revenues, profits or cash flow. This Mid Cap Growth fund invests all of the equity investments and at least 80% of the net assets in companies meeting the fund’s religious criteria. This fund may invest in companies of all sizes or market capitalizations. This best fund also practices morally responsible investing. This process is designed to avoid investments in companies believed to offer products or services or engage in practices that are contrary to core values and teachings of the Roman Catholic Church.

AVEGX Fund Details
Ave Maria Growth Fund
  • Fund Inception Date: May 1, 2003
  • Ticker Symbol: AVEGX
  • CUSIP: 808530307
  • Beta (3yr): 0.95
  • Rank in category (YTD): 57
  • Category: Mid-Cap Growth
  • Distribution Rate: 0.0%
  • Net Assets: $ 169.17 million
  • Sales Load: 0.0%
  • Expense Ratio: 1.50%
  • Capital Gains: N/A
  • Number of Years Up: 6 years
  • Number of Years Down: 1 year
Updated on 9/26/2011

This top fund has 0.25% 12b1 fee and there is no sales-load fee. Morningstar has given 4-stars rating for this Ave Maria Growth fund. This Ave Maria fund is managed by James Bashaw since its inception in May 2003. The annual expense ratio of this best rated mid-cap growth fund is 1.50%. It currently doesn’t have any dividend yield.

Top 10 Mid Cap Blend Stock Fund of 2010

This AVEGX fund has experienced 6 years of positive return in 7 years of operation. The best return was recorded in 2010 with 26.45%. The only year where this AVEGX fund had negative return so far was in year 2008 with -32.10%. Based on the load adjusted return, the performance of this best stock fund is as below:
  • 1-year: 25.71%
  • 3-year: 7.40%
  • 5-year: 6.43%
The minimum initial investment for either brokerage or IRA account is $1,000 with no minimum subsequent investment. This best rated fund can be purchased from 80 brokerages such as JP Morgan, Merrill Lynch, Fidelity Retail Funds Network, Schwab Retail, TD Ameritrade Inc, E Trade Financial, Firstrade, Bear Stearns, Robert W. Baird & Co, etc. The fund uses S&P 500 Index as the fund’s benchmark.

As of June 2011, this Ave Maria Growth Fund has a total of 35 holdings. The top ten holdings are Polaris Industries Inc (4.4%), Coach Inc (3.7%), Graco Inc (3.7%), Ross Store Inc (3.6%), AutoZone Inc (3.6%), Accenture PLC (3.5%), Altera Corporation (3.4%), C.R. Bard Inc (3.4%), McCormick & Company Inc (3.3%) and Gilead Sciences Inc (3.3%).

According to the fund’s prospectus, the fund principal investment risks are General Market Risks, Moral Investing Risks, Security Selection and Investment Style Risks, Small-Cap and Mid-Cap Company Risks, etc. Details can be found on fund’s website.

Disclosure: No Position

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