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          <admin>
            <adminName>Ultimus Fund Solutions, LLC</adminName>
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          <broker>
            <brokerName>STIFEL, NICOLAUS and CO., INC.</brokerName>
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            <brokerName>JONES TRADING INSTITUTIONAL SERVICES LLC</brokerName>
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        <aggregateCommission>70351.32</aggregateCommission>
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      <managementInvestmentQuestion>
        <mgmtInvFundName>Ave Maria World Equity Fund</mgmtInvFundName>
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        <investmentAdvisers>
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        <transferAgents>
          <transferAgent>
            <transferAgentName>Ultimus Fund Solutions, LLC</transferAgentName>
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            <pricingServiceName>ICE Data Pricing &amp; Reference Data, LLC</pricingServiceName>
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            <custodyType>Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)</custodyType>
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            <brokerName>CJS SECURITIES, INC.</brokerName>
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            <brokerStateCountry brokerState="US-NY" brokerCountry="US"/>
            <grossCommission>1080</grossCommission>
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        <aggregateCommission>56904.5</aggregateCommission>
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        <isSwingPricing>N</isSwingPricing>
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      <managementInvestmentQuestion>
        <mgmtInvFundName>Ave Maria Rising Dividend Fund</mgmtInvFundName>
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        <mgmtInvLei>5493ooW3NE6KWWF7R314</mgmtInvLei>
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        <sharesOutstandings>
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        <paymentToAgentManagerType>N/A</paymentToAgentManagerType>
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        <relyOnRuleType>N/A</relyOnRuleType>
        <isExpenseLimitationInPlace>Y</isExpenseLimitationInPlace>
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        <isFeesWaivedRecoupable>Y</isFeesWaivedRecoupable>
        <isExpenseWaivedRecoupable>N</isExpenseWaivedRecoupable>
        <investmentAdvisers>
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        <transferAgents>
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            <transferAgentName>Ultimus Fund Solutions, LLC</transferAgentName>
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        <pricingServices>
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            <pricingServiceName>ICE Data Pricing &amp; Reference Data, LLC </pricingServiceName>
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            <brokerStateCountry brokerState="US-NY" brokerCountry="US"/>
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        <mnthlyAvgNetAssets>1059499846.38</mnthlyAvgNetAssets>
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      <managementInvestmentQuestion>
        <mgmtInvFundName>Schwartz Value Focused Fund</mgmtInvFundName>
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        <isFeesWaivedRecoupable>Y</isFeesWaivedRecoupable>
        <isExpenseWaivedRecoupable>Y</isExpenseWaivedRecoupable>
        <investmentAdvisers>
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            <investmentAdviserName>Schwartz Investment Counsel, Inc.</investmentAdviserName>
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            <isInvestmentAdviserHired>N</isInvestmentAdviserHired>
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        <transferAgents>
          <transferAgent>
            <transferAgentName>Ultimus Fund Solutions, LLC</transferAgentName>
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            <transferAgentLei>N/A</transferAgentLei>
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