Overview
As a leading manager of Catholic assets, we are aware that the Catholic Church and Catholic investors, both U.S. and non-U.S., have been looking to CBIS for a more dynamic investment product lineup. In response, we made a strategic decision to significantly increase our resource commitment to the Catholic Responsible Investments Team, nearly doubling previous expenditures.
We also determined that to maintain leadership in Catholic markets, additional resources would be needed beyond what could be generated through growth alone. As a result, CBIS entered into a strategic relationship with a global investment consultant and solutions provider to help build out the Investment Team and expand the CBIS investment lineup.
Adding Investment Experience
Tom Digenan, CFA, CPA, and John Geissinger, CFA, will serve as Co-Chief Investment Officers. They will oversee service, portfolio management, and impact and justice initiatives.
As part of expanding non-U.S. business and building investment talent outside the U.S., CBIS has begun a search for a Europe-based portfolio manager.
A Strategic Relationship
After discussions with leading asset management firms, consultants, and trust companies, CBIS selected Mercer as its strategic partner. Mercer is one of the largest investment consultants and solutions providers in the industry and is well positioned to support CBIS’s product development needs.
As an extension of the CBIS Investment Team, Mercer will reinforce the integrity of the Catholic Responsible Investments process. This relationship provides access to new asset classes and investment strategies, particularly as CBIS expands portfolio management resources outside the U.S.
Ramping Up the Portfolios
The Catholic Responsible Investments Committee is actively working on product development and overseeing CRI Funds within this strategic relationship. Recent updates affect the following funds:
Magnus 45/55
Magnus 75/25
Magnus 60/40 Beta Plus
Magnus 60/40 Alpha Plus
Ramping Up the Portfolios
New Sub-Advisers and Replacements:
Bond
New: Loomis, Sayles & Company
Replaced: Dodge & Cox
International Small-Cap
New: Allspring Global Investments, LLC; Global Alpha Capital Management Ltd.
Replaced: Parametric Portfolio Associates
Multi-Style U.S. Equity
New: Boston Partners Global Investors; T. Rowe Price Associates, Inc.; Wellington Management Company
Replaced: William Blair Investment Management; Dodge & Cox
Bottom Line
CBIS’s increased investment in resources and scale for the Catholic Responsible Investments Team strengthens its ability to deliver robust investment solutions. This positions CBIS to provide compelling investment opportunities to Catholic investors globally.
Important Information
Carefully consider the funds’ investment objectives, risks, charges, and expenses. This information is available in the funds’ full and summary prospectus at www.cbisonline.com or by calling 1-866-348-6466. Please read the prospectus carefully before investing.
Investing involves risk, including possible loss of principal. Asset allocation does not guarantee protection against market risk. There is no guarantee these strategies will produce positive performance.
Catholic Responsible Investment (CRI) is designed to align financial returns with the teachings of the Roman Catholic Church. Funds may avoid or sell investments that conflict with CRI criteria, which could impact performance. Funds may underperform similar funds that do not follow these guidelines.
The funds are distributed by SEI Investments Distribution Co. (SIDCO), which is not affiliated with CBIS, the adviser, or any sub-advisers, including Mercer.