Ave Maria Bond is distinguished by its Catholic approach to investing, though it lacks a compelling competitive advantage over its allocation--15% to 30% equity Morningstar Category peers. Additionally, sparse fixed-income resources and a key manager retirement warrant a downgrade to the strategy’s People Pillar rating to Below Average from Average. The strategy maintains its Morningstar Analyst Rating of Neutral.
Will AVEFX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
The Process Pillar is our assessment of how sensible, clearly defined, and repeatable AVEFX’s performance objective and investment process is for both security selection and portfolio construction.
The People Pillar is our evaluation of the AVEFX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.
The Parent Pillar is our rating of AVEFX’s parent organization’s priorities and whether they’re in line with investors’ interests.