Do you believe in virtuous investing? I don't. The intention of investing is to make money; the intention of capitalism is not to do good.
Four practices that will get a company banned from the Ave Maria funds: Supporting abortion; supporting embryonic stem cell research (because it "is closely linked to abortion"); contributing to Planned Parenthood; and involvement with pornography.
While the philosophy no doubt will rankle progressive sensibilities, it's hard to argue with the results.
Ave Maria's flagship Rising Dividend fund carries Morningstar's top five-star designation and is up 26.8 percent in 2013. That puts it in front of the S&P 500, which has gained 25.3 percent on a total-return basis. The fund has $642.2 million under management as part of Ave Maria's $1.4 billion total handle.