Schwartz Investment Counsel, manager of the Ave Maria Funds, has rolled out its sixth mutual fund. The Ave Maria World Equity Fund comes with an expense ratio of 153 basis points.

The launch isn't the only new development at Bloomfield Hills, Michigan-based Schwartz. Effective May 1, the firm cut the management fee for the flagship Ave Maria Catholic Values Fund and Ave Maria Growth Fund from 100 basis points to 95 bps annually. 

Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE