Ave Maria Mutual Funds Pays Tribute to Catholic Advisory Board Member Michael Novak

PLYMOUTH, Mich.–(BUSINESS WIRE)–Ave Maria Mutual Funds is saddened by the passing of Michael Novak, a
long-time member of the funds’ Catholic Advisory Board. Michael Novak
was a Templeton award winner and director of Social and Political
Studies at the American Enterprise Institute. He also served as U.S.
Delegate to the Conference on Security and Cooperation in Europe; U.S.
Ambassador to the UN Human Rights Commission in Geneva; Adviser to the
White House Office of Ethnic Affairs; and was on the faculty at Harvard
University, the University of Notre Dame, Ave Maria University, and
Catholic University of America. In addition to being a world-renowned
theologian and author of numerous books, Michael Novak was a personal
friend of Saint Pope John Paul II.

George P. Schwartz, CFA, Chairman and CEO of Schwartz Investment
Counsel, Inc., said, “Professor Novak was a giant among Catholic
intellectuals and his contributions to the Catholic Advisory Board were
tremendous. He will be greatly missed.” Paul Roney, Chairman of the
Catholic Advisory Board stated, “Michael had a brilliant mind and was a
highly-respected voice in the Catholic world. He was committed to
pro-life causes and spreading the Gospel.”

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 $888 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 $1.9 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.

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Contacts

Ave Maria Mutual Funds
Mike Richter
Director of Marketing
734-455-7777
mjr@schwartzinvest.com