The situation in Israel has evolved into a dire humanitarian crisis. Let us join in prayer for the restoration of peace.
On the economic front, this conflict is poised to complicate the tasks faced by global central banks…

Read the full blog here.

Launched January 2020, our CRI International Small-Cap Fund now has a three-year track record. For investors seeking long-term capital appreciation, a consideration for this asset allocation design might be timely.


Even though the international small-cap space represents a broad universe of companies, investment allocations to this area of the equity market are relatively low. As a result, most fund products in the space are single-manager funds, with many employing index-like approaches.

The International Small-Cap Fund integrates our CRI approach into the investment process and gains distinct diversification benefits by combining two active managers with complementary styles. In practice, the CBIS investment team allocates fund assets between Global Alpha Capital, whose approach typically produces a bias toward growth, and Lazard Asset Management, who employs a relative value investment style.


We know that over the past four-plus decades, stock market leadership has alternated between U.S. and non-U.S. equities several times. By definition, diversified portfolio means owning some assets that will perform well while others don’t. Over the long term, allocations to non-U.S. equities have enabled investors to benefit from periods of domestic stock underperformance by diversifying returns at the portfolio level.

The International Small-Cap Fund invests in a broad list of small-capitalization companies based in those countries included in the MSCI All Country World ex-US Small Cap Index. To meet the Fund’s objective, its sub-advisers look for stocks in that universe they believe have above-average market appreciation potential.


From its inception, the Fund’s broad geographical diversification and integrated management approach may have helped reduce the potential for short-term underperformance that could be encountered by a fund managed by a single manager. For more information, including a fact sheet and fund attribution, visit our Investment page here.

Important Information
Before investing you should carefully consider the new Catholic Responsible Investments Funds’ investment objectives, risks, charges and expenses.  This and other information is available in the prospectus, or summary prospectus.  Please read the prospectus carefully before you invest. The prospectus, or summary prospectus, can be obtained by calling 1-866-348-6466.

Mutual fund investing involves risk, including possible loss of principal. There can be no assurance that the Fund will achieve its stated objectives. Current and future holdings are subject to risk.

International investing involves risks, including risks related to foreign currency, limited liquidity, less government regulation and the possibility of substantial volatility due to adverse political, economic or other developments. These risks often are heightened for investments in emerging/ developing markets or in concentrations of single countries.

Diversification may not protect against market risk.

The MSCI ACWI ex-US Small Cap Index captures small cap representation across 22 of 23 Developed Markets (DM) countries (excluding the US) and 26 Emerging Markets (EM) countries.

The funds are distributed by SEI Investments Distribution Company (SIDCO). SIDCO is not affiliated with CBIS or any sub-advisers of the Funds.

CBIS has been closely monitoring the recent failure of Silicon Valley Bank (SVB), First Republic Bank’s decline in shares, and the collapse of Signature Bank over the weekend. CBIS’ Investment Team is working closely with our sub-advisers to monitor the situation and you can expect to hear more from us in the coming days.

Read the full blog here

We have noticed that emails from CBIS and our employees are not being delivered  and are instead landing in spam/junk folders. To ensure that you are receiving emails from CBIS, please add CBIS’ domain ( to your email whitelist.

What is a whitelist?

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Click Here: How to Whitelist CBIS’ Domain


As a manager of Catholic assets for more than 40 years, CBIS is humbled by its invitation to join one of the industry’s premier organizations, the Catholic Impact Investing Collaborative, or “CIIC”.

CBIS was invited for membership at a new level created for financial intermediaries that support Catholic asset owners’ impact investing activities.


CIIC (pronounced “seek”) is a collaborative for Catholic asset owners and financial intermediaries around the world to share connections and exchange ideas around  impact investments.

The organization’s members include a pioneering Catholic institutions representing seven countries and over $40 billion in assets that have led the way in impact investing.


According to the Global Impact Investing Network, impact investments are made with the intention to generate positive, measurable social and environmental impact alongside a financial return. How CIIC participants think about and approach their investment portfolios relies, of course, on the distinct values and heritage of the Catholic community. 

Like CIIC, we at CBIS believe impact investing has enormous potential to contribute to the solutions our society demands.

CBIS and the CIIC

According to Jeffrey McCroy, CBIS’ President and Chief Executive Officer, the two organization’s goals are very much in alignment.

“In the end, CIIC and CBIS are each working to educate the Catholic investment community. We are honored by this opportunity to share our decades of experience with a group so committed to making a positive impact. We look forward to all we will learn from each other in efforts to serve the Catholic church.”

For more information on the CIIC, visit


As we look back on a particularly challenging year, I’m reminded once again of scripture. You might recognize the line above from Matthew. In full context, the verse speaks to the miracle of light — the idea that it’s in us all, regardless of circumstances — and that something so precious should not be wasted.

As we head into 2023, we feel optimistic and grateful for our amazing team and incredible investors at CBIS.
During a time when it is easy to only focus on darkness, we choose to look for the light.

Helping to Answer a Higher Calling

CBIS has always placed the highest importance on Catholic teaching and service to the Catholic market.
Over the years, we’ve come to know that ensuring an alignment of interests between CBIS and its
investors demands a two-pronged approach: Independent oversight of the traditional governance
functions and an advisory body to emphasize the firm’s applications of Church teaching.

CBIS’ Charisms Council was formed as an advisory body to review and opine on important CBIS’
initiatives that touch on the firm’s application of Catholic teaching in its investment strategies…

CBIS welcomes Mariana, Aryaman, Enrique, and Juan to our 2022 summer internship program. Interns will have an opportunity to integrate what they learned during college and apply it to beneficial work experiences while receiving valuable guidance from mentors. We look forward to watching their skills advance throughout the program.

In 2021, CBIS filed a groundbreaking resolution asking ExxonMobil to provide investors with crucial information that would allow investors to factor climate-related information into financial statements and audits. Despite nearly half (49%) of shareholders voting in favor of our proposal, Exxon has still not met our requests.

CBIS now encourages all investors to again vote in favor of our Shareholder Proposal,  Item 8 – Report on Scenario Analysis, to be voted on at the ExxonMobil shareholder meeting on May 25, 2022.  Read our full rationale in CBIS’ Proxy Exempt Solicitation.

CBIS is not alone in our requests – global investors, the S.E.C., and even oil & gas companies are recognizing that risks from climate change need to be made visible to aid the investment decision-making process. We also have a higher calling – taking action to Save Our Common Home as directed in Laudato Si and the Socially Responsible Investment Guidelines of The United States Conference Of Catholic Bishops.”

John W. Geissinger, Chief Investment Officer, CBIS

CO-FILERS OF THE PROPOSAL  Adrian Dominican Sisters; As You Sow Foundation; Congregation des Soeurs des Saints Noms de Jesus et de Marie; Congregation of Benedictine Sisters of Boerne, Texas; Benedictine Sisters of Mount St. Scholastica; Benedictine Sisters of Virginia; Bon Secours Mercy Health; CommonSpirit Health; Congregation of St. Joseph, OH; Daughters of Charity, Province of St Louise; Dominican Sisters of Hope; M&G Investments; Maryknoll Sisters; Mercy Investment Services; Monasterio Pan de Vida; Presbyterian Church USA; Providence St. Joseph Health; Province of St. Joseph of the Capuchin Order (Midwest Capuchins); School Sisters of Notre Dame, Atlantic Midwest Province; School Sisters of Notre Dame, Central Pacific Province; School Sisters of Notre Dame Cooperative Investment Fund; Sisters of the Holy Names of Jesus and Mary, US Ontario Province; Sisters of St. Dominic of Caldwell, NJ

The securities identified and described do not represent all of the securities purchased, sold or recommended for the CRI Funds, CBIS Global Funds, and separate managed accounts.  The reader should not assume that an investment in the securities identified was or will be profitable. It is not known whether the listed clients approve or disapprove of the adviser or its services.