Fund Evaluator:
Ave Maria Undiscovered (AVEUX)
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Best Performing in Mid-Cap Value Over the Last Year
| 34.6% | Fidelity Value Strategies (FSLSX) |
| 33.9% | Fidelity Advisor Mid Cap Value Z (FIDFX) |
| 33.8% | Fidelity Mid Cap Value (FSMVX) |
| 31.0% | Harbor Mid Cap Value Instl (HAMVX) |
| 30.9% | Fidelity Advisor Value Z (FVLZX) |
Fund Details
Ave Maria Undiscovered Overview
Ave Maria Undiscovered (AVEUX) is an actively managed U.S. Equity Mid-Cap Value fund. Ave Maria Mutual Funds launched the fund in 2026.
The investment seeks long-term capital appreciation. Under normal market conditions, the Ave Maria Undiscovered Fund invests primarily in equity securities (which include common stocks, preferred stocks and securities convertible into common stocks) that are believed to offer undiscovered value and the potential for long-term capital appreciation.
About Ave Maria Undiscovered (AVEUX)
There are 3 members of the management team with an average tenure of 0.34 years: Ryan Kuyawa (2026), Sean Gaffney (2026), James Peregoy (2026). Management tenure is more important for actively managed funds than passive index funds.
The fund has 2 primary benchmarks: Bloomberg US Agg Bond TR USD index with a weighting of 100% and Bloomberg US Govt/Credit Interm TR USD index with a weighting of 100%. Ave Maria Undiscovered has 59 securities in its portfolio. The top 10 holdings constitute 22.9% of the fund’s assets. The fund meets the SEC requirement of being classified as a diversified fund. The fund is not considered to have an ESG focus with its investment selection and management.
Ave Maria Undiscovered is part of the Equity global asset class and is within the U.S. Equity fund group. Ave Maria Undiscovered has 10.3% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 84.1%. There is 10.3% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). Ave Maria Undiscovered has 5.6% of the portfolio in cash.
Assets Under Management
The fund has $9 million in total assets, which is below the $650 million average for the Mid-Cap Value category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
AVEUX Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Ave Maria Undiscovered expense ratio is high compared to funds in the Mid-Cap Value category. Ave Maria Undiscovered has an expense ratio of 1.25%, which is 21% higher than its category average, making the fund expense ratio grade a D. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. A portfolio turnover rate cannot be currently calculated for Ave Maria Undiscovered. By way of comparison, the average portfolio turnover is 51% for the Mid-Cap Value category.
Recently, in the month of August 2026, Ave Maria Undiscovered returned 0.7%, which earned it a grade of C, as the Mid-Cap Value category had an average return of 1.1%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all funds in that category.
Ave Maria Undiscovered has a trailing yield of 0.00%, which is below the 0.85% category average. The fund normally distributes its income annually and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
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AVEUX Trailing NAV Total Returns Data as of 8/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| AVEUX Return (NAV) | 0.7% | 9.8% | na | na | na | na |
| AVEUX Grade | C | A | na | na | na | na |
| +/- Category | -0.3% | 3.7% | na | na | na | na |
| Mid-Cap Value Avg | 1.1% | 6.0% | 19.7% | 15.2% | 9.3% | 10.1% |
| AVEUX Tax Cost Ratio | na | na | na | na | na | na |
AVEUX Annual NAV Total ReturnsData as of 8/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| AVEUX Return (NAV) | na | na | na | na | na | na | na | na | na | na | na |
| AVEUX Grade | na | na | na | na | na | na | na | na | na | na | na |
| +/- Category | na | na | na | na | na | na | na | na | na | na | na |
| Mid-Cap Value Avg | 16.9% | 9.9% | 11.8% | 13.9% | -8.1% | 27.5% | 3.8% | 26.4% | -13.4% | 14.1% | 17.3% |
| Risk Measures | |
| Standard Deviation: | na |
| Total Risk Index: | na |
| Category Risk Index: | na |
| Category Risk Grade: | |
| Beta: | na |
| R-Squared: | na |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | Small-Cap Blend |
| Bond Investment Style: | na |
| Yield: | -- |
| Dividend Distribution: | Annually |
| Cap Gains Distribution: | Annually |
| Total Assets: | $9 Mil |
| Fund Total Assets: | $ 10 Mil |
| Share Class Type: | Other |
| Portfolio Turnover: | na |
Management Team
| Number of Managers: 3 | |||
| Longest Tenure: 0.3 years | |||
| Average Tenure: 0.3 years | |||
| Managers (Year): Kuyawa Ryan (2026), Gaffney Sean (2026), Peregoy James (2026) | |||
Portfolio Composition (as of 7/31/26)
| # of Holdings: | 59 |
| % in Top 10 Holdings: | 22.9% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 10.3% |
Portfolio Allocation |
|
| Domestic Stock: | 84.1% |
| Foreign Stock: | 10.3% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 5.6% |
Purchase Information
| Fund Family: | Ave Maria Mutual Funds |
| Phone Number: | 888-726-9331 |
| Website: | www.schwartzvaluefund.com |
| Status: | Open |
| Inception Date: | April 30, 2026 |
| Min. Initial Purchase: | $2,500 |
| Min. Initial IRA Purchase: | $ 0 |
| True No-Load: | Yes |
| Front Load Maximum: | 0.00% |
| Deferred Charge Maximum: | 0.00% |
| Redemption Charge Maximum: | 0.00% |
| 12b-1 Fee: | na |
Expenses and Fees | |
| Expense Ratio (%): | 1.25% ( Rating : High ) |
| Category Average Expense Ratio (%): | 1.03% |
| Share Class: | Ave Maria Undiscovered |
| Min. Subsequent Purchase: | $ 0 |
| Min. Subsequent IRA Purchase: | $ 0 |
