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The first of its funds was established in 2001. As of December 31, 2023, the Ave Maria Mutual Funds had $3.1 billion in assets under management.. The largest funds by assets under management are Ave Maria Rising Dividend Fund (Ticker: AVEDX), the firm's flagship fund; Ave Maria Growth Fund (AVEGX) and Ave Maria Value Fund (AVEMX).
The Ave Maria Foundation has subsequently fine-tuned its focus to higher education, and has established both a university and a law school. [9] Along with that change in focus, many of the other non-profit entities that the Ave Maria Foundation established have become independent or are in the process of being weaned from Ave Maria Foundation ...
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A money market fund (MMF) is a mutual fund that pools money from many investors to buy safe short-term investments like government bonds and high-quality corporate loans. Money market funds aim to ...
In 2016, Towey was sued for alleged involvement in manipulating the funds of Rhodora J. Donahue Academy of Ave Maria, a private K–12 school affiliated at the time with AMU. [ 73 ] [ 74 ] [ 75 ] Shortly before Towey's scheduled deposition in 2017, AMU agreed to sell Donahue to the Diocese of Venice for US$1 million —less than one fifth of ...
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