Ave Maria Rising Dividend Fund (AVEDX)
Ave Maria Rising Dividend Fund operates in the Asset Management industry of the Financial Services sector, headquartered in Cincinnati, OH, US. The stock last traded at $21.28, up 0.38% on the session, giving a market capitalisation of $819.6M. Its beta of 0.58 implies it has historically moved less than the broad market.
The fund's primary objective is to achieve long-term capital appreciation by investing at least 80% of its total assets, including any funds borrowed for investment purposes, into common equities of companies that distribute dividends. These companies are specifically targeted for their anticipated ability to consistently increase their dividend payouts over time. A crucial aspect of the fund's strategy is that, under normal operating conditions, all its equity investments—which include common stocks, preferred stocks, and securities convertible into common stock—and a minimum of 80% of its net assets will be held in companies that satisfy its specific religious guidelines.
Ave Maria Rising Dividend Fund is most often compared with the following Financial Services names: