Ave Maria Focused Fund (AVEAX)

This fund primarily allocates its investments to equity securities, specifically targeting companies that the Adviser identifies as having strong potential for earnings growth under typical market conditions. A core tenet of its strategy dictates that all equity holdings, and at least 80% of its net assets (including any borrowed funds for investment), must be invested in companies whose operations, products, services, or practices align with, rather than contradict, the fundamental values and teachings of the Roman Catholic Church. Furthermore, the fund maintains a non-diversified portfolio.