Ave Maria Growth is under new leadership after the departure of both of its portfolio managers within six months. The fund maintains its Morningstar Analyst Rating of Neutral as the new managers try to show what they can do in an uncertain market environment.
Ave Maria Growth AVEGX
NAV / 1-Day Return
47.70
/
0.95
%
Total Assets
1.0 Bil
Adj. Expense Ratio
Adjusted Expense Ratio excludes certain variable investment-related expenses, such as interest from borrowings and dividends on borrowed securities, allowing for more consistent cost comparisons across funds.
0.920%
Expense Ratio
0.920%
Fee Level
Above Average
Longest Manager Tenure
1.86
years
Category
Large Growth
Investment Style
Large GrowthMin. Initial Investment
2,500
Status
Open
TTM Yield
0.00%
Turnover
26%
Premium
Morningstar’s Analysis
The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
Will AVEGX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
Process Pillar
The Process Pillar is our assessment of how sensible, clearly defined, and repeatable AVEGX’s performance objective and investment process is for both security selection and portfolio construction.
People Pillar
The People Pillar is our evaluation of the AVEGX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.
Parent Pillar
The Parent Pillar is our rating of AVEGX’s parent organization’s priorities and whether they’re in line with investors’ interests.
This fund has a pair of new managers who need to prove themselves.
