The Ave Maria Value Fund primarily allocates capital to common stocks that its investment adviser identifies as trading below their true intrinsic worth, based on the adviser's specific valuation methodology. A core principle of the fund is its adherence to religious guidelines: typically, every equity holding—encompassing common, preferred, and convertible shares—as well as a minimum of 80% of the fund's total net assets, must be invested in companies that satisfy these faith-based criteria. The fund builds its portfolio using securities from established businesses across a diverse range of market capitalizations.