Adviser to Ave Maria Mutual Funds Announces Executive Promotion

PLYMOUTH, Mich.–(BUSINESS WIRE)–Schwartz Investment Counsel, Inc. (manager of the Ave Maria Mutual
Funds) has announced the promotion of Michael J. Schwartz to Senior Vice
President ─ Institutional Sales effective June 1, 2016.

George P. Schwartz, CFA, Chairman and CEO of Schwartz Investment
Counsel, Inc., said, “Mike’s promotion is a reflection of his
outstanding success in the development and servicing of the
institutional market for our $1.6 billion Ave Maria Mutual Fund complex.”

“Working from our Firm’s Ave Maria, Florida, branch office, Mike and his
team will continue to communicate with institutional investors regarding
the morally responsible investing practices of the Ave Maria Mutual
Funds, in addition to the notable investment success of these
award-winning Funds.”

About Ave Maria Mutual Funds

Ave Maria Mutual Funds is the largest family of Catholic mutual funds in
the U.S. The five no-load funds invest in companies that do not violate
the pro-life, pro-family values of the Catholic Church. Ave Maria Mutual
Funds launched its first fund, the Ave Maria Catholic Values Fund
(Ticker: AVEMX), on May 1, 2001. Since then it has added three
additional stock funds and one bond fund. The largest of the funds is
the $787 million Ave Maria Rising Dividend Fund (Ticker: AVEDX). For
more information about Ave Maria Mutual Funds, please call
1-866-AVE-MARIA (866-283-6274) or visit www.avemariafunds.com

About Schwartz Investment Counsel, Inc.

Schwartz Investment Counsel, Inc. is a Registered Investment Adviser
founded in 1980. Headquartered in Plymouth, Michigan, the firm manages
more than $1.7 billion of investor assets and has a branch office in Ave
Maria, Florida. The firm aims to provide superior investment counsel to
investors who seek a disciplined approach to investing. For more
information about Schwartz Investment Counsel, Inc., please visit www.schwartzinvest.com.
Schwartz Investment Counsel, Inc. serves as investment adviser for Ave
Maria Mutual Funds, which invests in securities only if they meet the
Funds’ investment and religious requirements. As such, the returns may
be lower or higher than if decisions were based solely on investment
considerations. The Funds’ method of security selection may or may not
be successful and the Funds may underperform or outperform the stock
market as a whole. All mutual funds are subject to market risk,
including possible loss of principal. Request a prospectus, which
includes investment objectives, risks, fees, expenses and other
information that you should read and consider carefully before
investing. The prospectus can be obtained by calling 1-866-283-6274 or
it can be viewed at
www.avemariafunds.com.
Distributed by Ultimus Fund Distributors LLC.

Contacts

Schwartz Investment Counsel, Inc.
Mike Richter
Director of
Marketing
734-455-7777
mjr@schwartzinvest.com