Investments

Investment Philosophy

It is the firm’s strong belief that it is not necessary to sacrifice returns while investing according to the Catholic faith. Moreover, CBIS believes the competitive performance we seek to deliver will emerge from the firm’s ability to identify skilled investment managers and combine them in a fashion that improves the overall risk/return characteristics of an investment portfolio.

Multi-manager Structure

In an effort to best deliver a broadly diversified and disciplined set of investing solutions for Catholic investors, CBIS employs a “manager of managers” approach to portfolio development and management. Through extensive research and analysis, the firm seeks to hire the industry’s premier asset managers to sub-advise its portfolios.

The CBIS Investment Team conducts a thorough evaluation of managers before they are hired as sub-advisors. Once selected, CBIS sub-advisors are carefully monitored to ensure they are implementing their strategies while aiding CBIS with our active ownership goals and avoiding investment in companies which violate Catholic teaching.

Identifiable Core
Competency

Conviction

Longer Term
Investment
Horizon

CRI Quarterly Review – Q3 2024

Dive into a timely discussion with Co-Chief Investment Officers John W. Geissinger, CFA, and Thomas Digenan, CFA, CPA, as they analyze global elections, central bank policies, and market volatility in our Q3 2024 review.

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CRI Quarter Podcast – Q3 2024

Tune in to our quarterly conversation between CBIS’ Co-CIOs John W. Geissinger, CFA and Thomas Digenan, CFA, CPA.

Click here. 

Investment Process

By combining sub-advisors with unique and complementary styles, the CBIS Investment Team seeks to construct and manage funds that provide risk-adjusted returns in their style category while integrating CRI into the investment process. CBIS sub-advisors are carefully analyzed to ensure they can implement their strategies while incorporating Catholic screens.

Through a robust, repeatable construction process, each CBIS Portfolio is built to include:

Intention
  • Long-term Outlook
  • High Conviction
  • Correlations
  • All Market Environments Drivers
Multiple Return Drivers
  • Investment Style
  • Top-down/Bottom-up
  • Interest rate/Sector strategy
Diversification
  • No Specific Return Driver Bias
  • Complementary/Low
  • Multiple return

Manager Selection Process

Investing With Intention

At CBIS, our Investment Team recognizes experienced money managers and carefully integrates their unique capabilities into a single fund in order to produce competitive risk-adjusted returns for our investors.

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A New Promise for Fixed Income

What is impact investing? Learn about the benefits of impact strategies and how CBIS is incorporating them into some of our CRI Funds.

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There’s No “C” in “ESG”

How is Catholic Responsible Investing different than Environmental, Social, and Governance (ESG) investing?

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Non-U.S. Equities: Why We’re Always Invested

Should investors still allocate to non-U.S. stocks? Read our view on holding non-U.S. stocks.

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Investment Offerings

The CBIS Investment Process and its overarching goal of achieving competitive financial returns while supporting Catholic beliefs is implemented through two fund series designed to meet a full range of investment objectives.

CRI Single-Asset Funds

NINE strategies seeking highly competitive risk-adjusted returns in a single asset class.

Select a Fund Below to Learn More

  • Full range of equity and fixed income solutions

  • Investment expertise of multiple investment managers

  • Catholic Responsible Investing approach

  • Catholic Responsible Investments Short Duration Bond Fund
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    Objective

    Current income consistent with the preservation of capital

    Investments

    Short-term U.S. government, agency, corporate, asset-backed and mortgage-backed securities; Up to 10% of the portfolio may be invested in short-maturity bonds rated below investment-grade

    Additional Information

    Fee waivers and reimbursements are contractual and in effect until 02/28/25.

    *Teachers Advisors LLC (“TAL”), a investment adviser subsidiary of Nuveen (“TAL/Nuveen”). Nuveen is the wholly owned investment manager subsidiary of TIAA. Nuveen provides investment advisory solutions through its investment specialists including Teachers Advisors, LLC, a registered investment adviser, and sub-advisor to the  CRI Short Duration Bond Fund.

    Strategy

    Focus on sector allocation and security selection, coupled with a top-down macroeconomic risk management process; aimed at minimizing downside risk while maximizing income potential

    Benchmark

    Bloomberg U.S. Treasury 1-3 Year Index

    Asset Manager(s)

    • Wellington Management Company, LLP
    • TAL/Nuveen*

    Fund Facts (Institutional)
    Inception Date 2/1/1991
    Ticker CRDSX
    CUSIP 14919E878
    Net Asset Value $9.67 (as of 11/20/2024)
    Net Assets $498.5 MM
    Minimum Investment $5,000
    Expense Ratio (Net) 0.35%
    Expense Ratio (Gross) 0.38%
    Net Performance as of 09/30/2024
              Annualized
      One Month Three Months Year to Date One Year Five Years Ten Years Since Inception
    CRDSX (Inception Date: 2/1/1991) 0.85 2.99 4.70 7.75 1.94 1.94 3.97
    Bloomberg U.S. Treasury 1-3 Year Index 0.81 2.91 4.13 6.79 1.49 1.40 3.57
    Source: SEI
    • Returns are presented net of fees and include the reinvestment of income and past performance is not indicative of future results. Net of fees includes management fees, operating expenses, and fee reductions and/or expense reimbursements. See the fund prospectus for additional information.
    • Since inception performance for each benchmark index is calculated based on the inception date of each corresponding Fund share class and reflects no deduction for fees, expenses or taxes.
    • Performance data quoted represents past performance and does not guarantee future results.  The investment return and principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth less than their original cost and current performance may be higher or lower that the performance quoted.  For performance current to the most recent month end, please call 1-866-348-6466.
    • Indices are unmanaged and do not include the effect of fees. One cannot invest in an index.
    • Performance data shown prior to 12/03/2021 is that of the funds of the Catholic United Investment Trust (the “Predecessor Funds”). The Predecessor Funds were managed by the Adviser using investment objectives, strategies, policies and restrictions that were in all material respects equivalent. The performance information has been adjusted to reflect Fund expenses which may result in higher or lower performance.
    Fund Prospectus
    Fact Sheet
    Attribution
    Full Holdings
    Top 10 Holdings
  • Catholic Responsible Investments Ultra Short Bond Fund
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    Objective

    Provide optimal current income and preservation of capital

    Investments

    High quality and high liquidity fixed income obligations with short maturities

    Additional Information

    Fee waivers and reimbursements are contractual and in effect until 02/28/25.

    Strategy

    Liquidity will be maintained by investing in highly rated securities with short maturities (portfolio average maturity less than 90 days); credit and default risk are further minimized by diversifying among issuers

    Benchmark

    Bloomberg US Short Treasury – Bills (1-3M) Index

    Asset Manager(s)

    Wellington Management Company LLP

    Fund Facts (Institutional)
    Inception Date 8/1/2001
    Ticker CRHSX
    CUSIP 14919E886
    Net Asset Value $10.06 (as of 11/20/2024)
    Net Assets $71.6 MM
    Minimum Investment $5,000
    Expense Ratio (Net) 0.35%
    Expense Ratio (Gross) 0.54%
    Net Performance as of 09/30/2024
              Annualized
      One Month Three Months Year to Date One Year Five Years Ten Years Since Inception
    CRHSX (Inception Date: 8/1/2001) 0.47 1.41 4.01 5.44 2.20 1.54 1.54
    Bloomberg US Short Treasury – Bills (1-3M) Index 0.43 1.36 4.08 5.52 2.33 1.63 1.56
    Source: SEI
    • Returns are presented net of fees and include the reinvestment of income and past performance is not indicative of future results. Net of fees includes management fees, operating expenses, and fee reductions and/or expense reimbursements. See the fund prospectus for additional information.
    • Since inception performance for each benchmark index is calculated based on the inception date of each corresponding Fund share class and reflects no deduction for fees, expenses or taxes.
    • Performance data quoted represents past performance and does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth less than their original cost and current performance may be higher or lower that the performance quoted. For performance current to the most recent month end, please call 1-866-348-6466.
    • Indices are unmanaged and do not include the effect of fees. One cannot invest in an index.
    • Performance data shown prior to 12/03/2021 is that of the funds of the Catholic United Investment Trust (the “Predecessor Funds”). The Predecessor Funds were managed by the Adviser using investment objectives, strategies, policies and restrictions that were in all material respects equivalent. The performance information has been adjusted to reflect Fund expenses which may result in higher or lower performance.
    Fund Prospectus
    Fact Sheet
    Attribution
    Full Holdings
    Top 10 Holdings
  • Catholic Responsible Investments International Small-Cap Fund
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    Objective

    Long-term capital appreciation

    Investments

    Primarily in a broadly diversified portfolio of equity securities of small capitalization companies based in those countries included in the MSCI All Country World ex-US Small Cap Index that are believed to have above-average market appreciation potential.

    Additional Information

    Fee waivers and reimbursements are contractual and in effect until 02/28/25.

    Strategy

    Combines two managers with complementary growth and value oriented investment processes

    Benchmark

    MSCI ACWI ex-US Small Cap

    Asset Manager(s)

    • Lazard Asset Management LLC
    • Allspring Global Investments, LLC
    • Parametric Portfolio Associates

    Fund Facts (Institutional)
    Inception Date 1/1/2020
    Ticker CRNSX
    CUSIP 14919E753
    Net Asset Value $9.76 (as of 11/20/2024)
    Net Assets $111.7 MM
    Minimum Investment $1M
    Expense Ratio (Net) 1.15%
    Expense Ratio (Gross) 1.30%
    Net Performance as of 09/30/2024
              Annualized
      One Month Three Months Year to Date One Year Five Years Ten Years Since Inception
    CRNSX (Inception Date: 1/1/2020) 2.33 8.58 14.35 25.62 * * 5.63
    MSCI ACWI ex-US Small Cap 3.06 9.03 12.38 23.84 * * 6.78
    Source: SEI
    • Returns are presented net of fees and include the reinvestment of income and past performance is not indicative of future results. Net of fees includes management fees, operating expenses, and fee reductions and/or expense reimbursements. See the fund prospectus for additional information.
    • Since inception performance for each benchmark index is calculated based on the inception date of each corresponding Fund share class and reflects no deduction for fees, expenses or taxes.
    • Performance data quoted represents past performance and does not guarantee future results.  The investment return and principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth less than their original cost and current performance may be higher or lower that the performance quoted.  For performance current to the most recent month end, please call 1-866-348-6466.
    • Indices are unmanaged and do not include the effect of fees. One cannot invest in an index.
    • Performance data shown prior to 12/03/2021 is that of the funds of the Catholic United Investment Trust (the “Predecessor Funds”). The Predecessor Funds were managed by the Adviser using investment objectives, strategies, policies and restrictions that were in all material respects equivalent.  The performance information for periods over one year has been adjusted to reflect Fund expenses which may result in higher or lower performance.
    Fund Prospectus
    Fact Sheet
    Attribution
    Full Holdings
    Top 10 Holdings
  • Catholic Responsible Investments International Equity Fund
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    Objective

    Long-term capital appreciation

    Investments

    Primarily in a broadly diversified portfolio of equity securities of well-established companies based in those countries included in the MSCI ACWI Ex-USA that are believed to have above-average market appreciation potential

    Additional Information

    Fee waivers and reimbursements are contractual and in effect until 02/28/25.

    Strategy

    Combines three managers with complementary growth and value oriented investment processes

    Benchmark

    MSCI ACWI Ex-USA

    Asset Manager(s)

    • Causeway Capital Management LLC
    • Principal Global Investors, LLC
    • WCM Investment Management

    Fund Facts (Institutional/Investor)
    Inception Date 2/1/1995
    Ticker CRLSX/CRLVX
    CUSIP 14919E779/14919E787
    Net Asset Value $10.05/$10.06 (as of 11/20/2024)
    Net Assets $1,611.8 MM
    Minimum Investment $5M/$5,000
    Expense Ratio (Net) 0.81%/0.96%
    Expense Ratio (Gross) 0.81%/0.96%
    Net Performance as of 09/30/2024
              Annualized
      One Month Three Months Year to Date One Year Five Years Ten Years Since Inception
    CRLSX (Inception Date: 2/1/1995) 2.35 7.23 14.82 27.77 9.51 7.06 6.90
    CRLVX (Inception Date: 2/1/1995) 2.34 7.19 14.75 27.64 9.35 6.91 6.74
    MSCI ACWI Ex-U.S.A. 2.74 8.17 14.70 25.96 8.10 5.91 5.92
    Source: SEI
    • Returns are presented net of fees and include the reinvestment of income and past performance is not indicative of future results. Net of fees includes management fees, operating expenses, and fee reductions and/or expense reimbursements. See the fund prospectus for additional information.
    • Since inception performance for each benchmark index is calculated based on the inception date of each corresponding Fund share class and reflects no deduction for fees, expenses or taxes.
    • Performance data quoted represents past performance and does not guarantee future results.  The investment return and principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth less than their original cost and current performance may be higher or lower that the performance quoted.  For performance current to the most recent month end, please call 1-866-348-6466.
    • Indices are unmanaged and do not include the effect of fees. One cannot invest in an index.
    • Performance data shown prior to 12/03/2021 is that of the funds of the Catholic United Investment Trust (the “Predecessor Funds”). The Predecessor Funds were managed by the Adviser using investment objectives, strategies, policies and restrictions that were in all material respects equivalent.  The performance information for periods over one year has been adjusted to reflect Fund expenses which may result in higher or lower performance.
    Fund Prospectus
    Fact Sheet
    Attribution
    Full Holdings
    Top 10 Holdings
  • Catholic Responsible Investments Small-Cap Fund
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    Objective

    Replicate the performance of the S&P SmallCap 600® Index

    Investments

    Common stocks that generally comprise the S&P SmallCap 600®

    Additional Information

    Fee waivers and reimbursements are contractual and in effect until 02/28/25.

    Strategy

    Closely track the benchmark, while seeking replacements for screened stocks with similar market capitalizations in the same or a related industry

    Benchmark

    S&P SmallCap 600®

    Asset Manager(s)

    RhumbLine Advisers

    Fund Facts (Institutional)
    Inception Date 2/1/1995
    Ticker CRSSX
    CUSIP 14919E761
    Net Asset Value $10.58 (as of 11/20/2024)
    Net Assets $569.1 MM
    Minimum Investment $3M
    Expense Ratio (Net) 0.29%
    Expense Ratio (Gross) 0.29%
    Net Performance as of 09/30/2024
              Annualized
      One Month Three Months Year to Date One Year Five Years Ten Years Since Inception
    CRSSX (Inception Date: 2/1/1995) 0.73 9.90 8.78 25.51 9.96 9.25 8.88
    S&P SmallCap 600® 0.85 10.13 9.33 25.86 10.21 9.49 9.40
    Source: SEI
    • Returns are presented net of fees and include the reinvestment of income and past performance is not indicative of future results. Net of fees includes management fees, operating expenses, and fee reductions and/or expense reimbursements. See the fund prospectus for additional information.
    • Since inception performance for each benchmark index is calculated based on the inception date of each corresponding Fund share class and reflects no deduction for fees, expenses or taxes.
    • Performance data quoted represents past performance and does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth less than their original cost and current performance may be higher or lower that the performance quoted. For performance current to the most recent month end, please call 1-866-348-6466.
    • Indices are unmanaged and do not include the effect of fees. One cannot invest in an index.
    • Performance data shown prior to 12/03/2021 is that of the funds of the Catholic United Investment Trust (the “Predecessor Funds”). The Predecessor Funds were managed by the Adviser using investment objectives, strategies, policies and restrictions that were in all material respects equivalent. The performance information has been adjusted to reflect Fund expenses which may result in higher or lower performance.
    Fund Prospectus
    Fact Sheet
    Attribution
    Full Holdings
    Top 10 Holdings
  • Catholic Responsible Investments Bond Fund
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    Objective

    Seeks current income and long-term capital appreciation

    Investments

    U.S. government and agency securities, Corporate bonds, mortgage- and asset-backed securities

    Additional Information

    Fee waivers and reimbursements are contractual and in effect until 02/28/25.

    *Teachers Advisors LLC (“TAL”), a investment adviser subsidiary of Nuveen (“TAL/Nuveen”),Nuveen is the wholly owned investment manager subsidiary of TIAA. Nuveen provides investment advisory solutions through its investment specialists including Teachers Advisors, LLC, a registered investment adviser, and sub-advisor to the  CRI Bond Fund.

    Strategy

    Uses top down macroeconomic analysis, along with fundamental research, to capture inefficiencies in the valuation of sectors and individual securities; combined with duration management (+/– 20% of the benchmark) in pursuit of above-benchmark returns over a full market cycle

    Benchmark

    Bloomberg Aggregate Bond Index

    Asset Manager(s)

    • Brandywine Global Investment Management, LLC
    • Sun Life Capital Management (U.S.) LLC
    • Loomis, Sayles & Company
    • TAL/Nuveen*

    Fund Facts (Institutional/Investor)
    Inception Date 2/1/1995
    Ticker CRBSX/CRBVX
    CUSIP 14919E845/14919E837
    Net Asset Value $8.45/$8.45 (as of 11/20/2024)
    Net Assets $2,324.4 MM
    Minimum Investment $5M/$5,000
    Expense Ratio (Net) 0.36%/0.51%
    Expense Ratio (Gross) 0.36%/0.51%
    Net Performance as of 09/30/2024
              Annualized
      One Month Three Months Year to Date One Year Five Years Ten Years Since Inception
    CRBSX (Inception Date: 2/1/1995) 1.33 5.24 5.17 12.27 1.34 2.42 5.11
    CRBVX (Inception Date: 2/1/1995) 1.32 5.21 5.05 12.10 1.18 2.26 4.96
    Bloomberg Aggregate Bond Index 1.34 5.20 4.45 11.57 0.33 1.84 4.65
    Source: SEI
    • Returns are presented net of fees and include the reinvestment of income and past performance is not indicative of future results. Net of fees includes management fees, operating expenses, and fee reductions and/or expense reimbursements. See the fund prospectus for additional information.
    • Since inception performance for each benchmark index is calculated based on the inception date of each corresponding Fund share class and reflects no deduction for fees, expenses or taxes.
    • Performance data quoted represents past performance and does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth less than their original cost and current performance may be higher or lower that the performance quoted. For performance current to the most recent month end, please call 1-866-348-6466.
    • Indices are unmanaged and do not include the effect of fees. One cannot invest in an index.
    • Performance data shown prior to 12/03/2021 is that of the funds of the Catholic United Investment Trust (the “Predecessor Funds”). The Predecessor Funds were managed by the Adviser using investment objectives, strategies, policies and restrictions that were in all material respects equivalent. The performance information has been adjusted to reflect Fund expenses which may result in higher or lower performance.
    Fund Prospectus
    Fact Sheet
    Attribution
    Full Holdings
    Top 10 Holdings
  • Catholic Responsible Investments Opportunistic Bond Fund
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    Objective

    Seeks current income and to provide relatively low correlation to equity assets

    Investments

    Uses top down macroeconomic analysis, along with fundamental research to capture inefficiencies in the valuation of sectors and individual securities; combined with duration management (+/– 2.5 years of the benchmark) in pursuit of above-benchmark returns over a full market cycle

    Additional Information

    Fee waivers and reimbursements are contractual and in effect until 02/28/25.

    *Teachers Advisors LLC (“TAL”), a investment adviser subsidiary of Nuveen (“TAL/Nuveen”). Nuveen is the wholly owned investment manager subsidiary of TIAA. Nuveen provides investment advisory solutions through its investment specialists including Teachers Advisors, LLC, a registered investment adviser, and sub-advisor to the  CRI Opportunistic Bond Fund.

    Strategy

    Uses top down macroeconomic analysis, along with fundamental research to capture inefficiencies in the valuation of sectors and individual securities

    Benchmark

    Bloomberg 1-5 Year Government Credit Index

    Asset Manager(s)

    • Brandywine Global Investment Management, LLC
    • Sun Life Capital Management (U.S.) LLC
    • TAL/Nuveen*

    Fund Facts (Institutional/Investor)
    Inception Date 6/1/2013
    Ticker CROSX/CROVX
    CUSIP 14919E852/14919E860
    Net Asset Value $9.29/$9.29 (as of 11/20/2024)
    Net Assets $701.6 MM
    Minimum Investment $5M/$5,000
    Expense Ratio (Net) 0.41%/0.56%
    Expense Ratio (Gross) 0.44%/0.59%
    Net Performance as of 09/30/2024
              Annualized
      One Month Three Months Year to Date One Year Five Years Ten Years Since Inception
    CROSX (Inception Date: 6/1/2013) 1.03 3.68 5.69 9.92 3.32 2.83 2.61
    CROVX (Inception Date: 6/1/2013) 1.02 3.64 5.56 9.75 3.17 2.68 2.46
    Bloomberg 1-5 Year Government Credit Index 0.92 3.50 4.50 8.10 1.54 1.77 1.67
    Source: SEI
    • Returns are presented net of fees and include the reinvestment of income and past performance is not indicative of future results. Net of fees includes management fees, operating expenses, and fee reductions and/or expense reimbursements. See the fund prospectus for additional information.
    • Since inception performance for each benchmark index is calculated based on the inception date of each corresponding Fund share class and reflects no deduction for fees, expenses or taxes.
    • Performance data quoted represents past performance and does not guarantee future results.The investment return and principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth less than their original cost and current performance may be higher or lower that the performance quoted. For performance current to the most recent month end, please call 1-866-348-6466.
    • Indices are unmanaged and do not include the effect of fees. One cannot invest in an index.
    • Performance data shown prior to 12/03/2021 is that of the funds of the Catholic United Investment Trust (the “Predecessor Funds”). The Predecessor Funds were managed by the Adviser using investment objectives, strategies, policies and restrictions that were in all material respects equivalent. The performance information has been adjusted to reflect Fund expenses which may result in higher or lower performance.
    Fund Prospectus
    Fact Sheet
    Attribution
    Full Holdings
    Top 10 Holdings
  • Catholic Responsible Investments Equity Index Fund
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    Objective

    Replicate as closely as possible, before expenses, the performance of the S&P500® Index

    Investments

    Equity securities in S&P 500 except those screened by CBIS’ Catholic investment screens criteria

    Additional Information

    Fee waivers and reimbursements are contractual and in effect until 02/28/25.

    Strategy

    Counter the impact of screens by overweighting select holdings so that the Fund’s broad quantitative characteristics match those of the S&P 500 as closely as possible

    Benchmark

    S&P500®

    Asset Manager(s)

    RhumbLine Advisers

    Fund Facts (Institutional)
    Inception Date 2/1/1995
    Ticker CRQSX
    CUSIP 14919E829
    Net Asset Value $12.94 (as of 11/20/2024)
    Net Assets $3,976.7 MM
    Minimum Investment $3M
    Expense Ratio (Net) 0.09%
    Expense Ratio (Gross) 0.11%
    Net Performance as of 09/30/2024
              Annualized
      One Month Three Months Year to Date One Year Five Years Ten Years Since Inception
    CRQSX (Inception Date: 2/1/1995) 2.35 5.75 21.49 36.04 15.87 13.47 10.91
    S&P500® 2.14 5.89 22.08 36.35 15.98 13.38 10.86
    Source: SEI
    • Returns are presented net of fees and include the reinvestment of income and past performance is not indicative of future results. Net of fees includes management fees, operating expenses, and fee reductions and/or expense reimbursements. See the fund prospectus for additional information.
    • Since inception performance for each benchmark index is calculated based on the inception date of each corresponding Fund share class and reflects no deduction for fees, expenses or taxes.
    • Performance data quoted represents past performance and does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth less than their original cost and current performance may be higher or lower that the performance quoted. For performance current to the most recent month end, please call 1-866-348-6466.
    • Indices are unmanaged and do not include the effect of fees. One cannot invest in an index.
    • Performance data shown prior to 12/03/2021 is that of the funds of the Catholic United Investment Trust (the “Predecessor Funds”). The Predecessor Funds were managed by the Adviser using investment objectives, strategies, policies and restrictions that were in all material respects equivalent. The performance information has been adjusted to reflect Fund expenses which may result in higher or lower performance.
    Fund Prospectus
    Fact Sheet
    Attribution
    Full Holdings
    Top 10 Holdings
  • Catholic Responsible Investments Multi-Style US Equity Fund
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    Objective

    Long-term capital appreciation

    Investments

    Primarily in a broadly diversified portfolio of equity securities of predominantly mid to large capitalization companies included in the Russell 1000 Index that are believed to have above-average market appreciation potential

    Additional Information

    Fee waivers and reimbursements are contractual and in effect until 02/28/25.

    Strategy

    Combines three skilled and complementary active managers, designed for enhanced risk-adjusted returns

    Benchmark

    Russell 1000 Index

    Asset Manager(s)

    • Mar Vista Investment Partners, LLC
    • Boston Partners Global Investors, Inc.
    • William Blair Investment Management, LLC
    • T. Rowe Price Associates, Inc.

    Fund Facts (Institutional/Investor)
    Inception Date 5/1/2021
    Ticker CRTSX/CRTVX
    CUSIP 14919E795/14919E811
    Net Asset Value $12.06/$12.06 (as of 11/20/2024)
    Net Assets $863.6 MM
    Minimum Investment $5M/$5,000
    Expense Ratio (Net) 0.66%/0.81%
    Expense Ratio (Gross) 0.66%/0.81%
    Net Performance as of 09/30/2024
              Annualized
      One Month Three Months Year to Date One Year Five Years Ten Years Since Inception
    CRTSX (Inception Date: 5/1/2021) 1.49 4.23 15.28 29.76 * * 6.69
    CRTVX (Inception Date: 5/1/2021) 1.48 4.19 15.15 29.57 * * 6.53
    Russell 1000 2.14 6.08 21.18 35.68 * * 10.45
    Source: SEI
    • Returns are presented net of fees and include the reinvestment of income and past performance is not indicative of future results. Net of fees includes management fees, operating expenses, and fee reductions and/or expense reimbursements. See the fund prospectus for additional information.
    • Since inception performance for each benchmark index is calculated based on the inception date of each corresponding Fund share class and reflects no deduction for fees, expenses or taxes.
    • Performance data quoted represents past performance and does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth less than their original cost and current performance may be higher or lower that the performance quoted. For performance current to the most recent month end, please call 1-866-348-6466.
    • Indices are unmanaged and do not include the effect of fees. One cannot invest in an index.
    • Performance data shown prior to 12/03/2021 is that of the funds of the Catholic United Investment Trust (the “Predecessor Funds”). The Predecessor Funds were managed by the Adviser using investment objectives, strategies, policies and restrictions that were in all material respects equivalent. The performance information has been adjusted to reflect Fund expenses which may result in higher or lower performance.
    Fund Prospectus
    Fact Sheet
    Attribution
    Full Holdings
    Top 10 Holdings

CRI Magnus® Funds

FOUR turnkey strategies seeking to provide comprehensive asset management in a single fund.

Select a Fund Below to Learn More

  • Allocations to multiple asset classes

  • Portfolios constructed to defined risk exposures

  • Disciplined rebalancing

  • Catholic Responsible Investments Magnus 45/55 Fund
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    Objective

    Current income and long-term capital appreciation

    Investments

    The Fund is a “fund of funds,” meaning that it seeks to achieve its objective by investing in other Catholic Responsible Investments Funds mutual funds (the “Underlying Funds”) that represent a variety of asset classes and investment styles. The Fund’s asset allocation strategy emphasizes investments in equity securities (and certain other instruments described below) in an amount equal to 45% of its assets and exposure to fixed-income securities in an amount equal to 55% of its assets.

    Additional Information

    Fee waivers and reimbursements are contractual and in effect until 02/28/25.

    Benchmark

    The blended benchmark is comprised of 55% Bloomberg Aggregate / 33.75% Russell 3000 / 11.25% MSCI ACWI ex-US.

    Fund Facts (Institutional/Investor)
    Inception Date 10/10/2018
    Ticker CMNSX/CMNVX
    CUSIP 14919E209/14919E100
    Net Asset Value $10.50/$10.49 (as of 11/20/2024)
    Net Assets $134.2 MM
    Minimum Investment $15M/$5,000
    Expense Ratio (Net) 0.37%/0.52%
    Expense Ratio (Gross) 0.51%/0.66%
    Underlying Funds
    Risk-Reducing
    CRI Short Duration Bond Fund 13.75%
    CRI Opportunistic Bond Fund 13.75%
    CRI Bond Fund 27.50%
    Return-Seeking
    CRI Equity Index Fund 22.25%
    CRI Multi-Style US Equity Fund 7.00%
    CRI International Equity Fund 9.00%
    CRI Small-Cap Fund 4.50%
    CRI International Small-Cap Fund 2.25%
    Net Performance as of 09/30/2024
              Annualized
      One Month Three Months Year to Date One Year Five Years Ten Years Since Inception
    CMNSX (Inception Date: 10/10/2018) 1.56 5.23 10.86 19.96 7.39 * 7.43
    CMNVX (Inception Date: 10/10/2018) 1.54 5.19 10.73 19.78 7.23 * 7.27
    55% Bloomberg Agg / 33.75% R3000 / 11.25% MSCI ACWI-Ex.U.S. 1.74 5.88 10.90 20.81 6.38 * 6.98
    Source: SEI
    • Returns are presented net of fees and include the reinvestment of income and past performance is not indicative of future results. Net of fees includes management fees, operating expenses, and fee reductions and/or expense reimbursements. See the fund prospectus for additional information.
    • Since inception performance for each benchmark index is calculated based on the inception date of each corresponding Fund share class and reflects no deduction for fees, expenses or taxes.
    • Performance data quoted represents past performance and does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth less than their original cost and current performance may be higher or lower that the performance quoted. For performance current to the most recent month end, please call 1-866-348-6466.
    • Indices are unmanaged and do not include the effect of fees. One cannot invest in an index.
    • Performance data shown prior to 12/03/2021 is that of the funds of the Catholic United Investment Trust (the “Predecessor Funds”). The Predecessor Funds were managed by the Adviser using investment objectives, strategies, policies and restrictions that were in all material respects equivalent. The performance information has been adjusted to reflect Fund expenses which may result in higher or lower performance.
    Fund Prospectus
    Fact Sheet
    Attribution
    Quarter Holdings
    Monthly Holdings
  • Catholic Responsible Investments Magnus 75/25 Fund
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    Objective

    Current income and long-term capital appreciation

    Investments

    The Fund is a “fund of funds,” meaning that it seeks to achieve its objective by investing in other Catholic Responsible Investments Funds mutual funds (the “Underlying Funds”) that represent a variety of asset classes and investment styles. The Fund’s asset allocation strategy emphasizes investments in equity securities (and certain other instruments described below) in an amount equal to 75% of its assets and exposure to fixed-income securities in an amount equal to 25% of its assets.

    Additional Information

    Fee waivers and reimbursements are contractual and in effect until 02/28/25.

    Benchmark

    The blended benchmark is comprised of 25% Bloomberg Aggregate / 56.25% Russell 3000 / 18.75% MSCI ACWI ex-US.

    Fund Facts (Institutional/Investor)
    Inception Date 11/21/2018
    Ticker CMUSX/CMUVX
    CUSIP 14919E803/14919E704
    Net Asset Value $11.11/$11.10 (as of 11/20/2024)
    Net Assets $341.3 MM
    Minimum Investment $15M/$5,000
    Expense Ratio (Net) 0.39%/0.54%
    Expense Ratio (Gross) 0.46%/0.61%
    Underlying Funds
    Risk-Reducing
    CRI Short Duration Bond Fund 6.25%
    CRI Opportunistic Bond Fund 6.25%
    CRI Bond Fund 12.50%
    Return-Seeking
    CRI Equity Index Fund 33.75%
    CRI Multi-Style US Equity Fund 15.00%
    CRI International Equity Fund 15.00%
    CRI Small-Cap Fund 7.50%
    CRI International Small-Cap Fund 3.75%
    Net Performance as of 09/30/2024
              Annualized
      One Month Three Months Year to Date One Year Five Years Ten Years Since Inception
    CMUSX (Inception Date: 11/21/2018) 1.84 5.82 14.27 26.21 10.81 * 11.06
    CMUVX (Inception Date: 11/21/2018) 1.83 5.79 14.17 26.06 10.65 * 10.90
    25% Bloomberg Agg / 56.25% R3000 / 18.75% MSCI ACWI-Ex.U.S. 2.01 6.33 15.35 27.28 10.31 * 10.86
    Source: SEI
    • Returns are presented net of fees and include the reinvestment of income and past performance is not indicative of future results. Net of fees includes management fees, operating expenses, and fee reductions and/or expense reimbursements. See the fund prospectus for additional information.
    • Since inception performance for each benchmark index is calculated based on the inception date of each corresponding Fund share class and reflects no deduction for fees, expenses or taxes.
    • Performance data quoted represents past performance and does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth less than their original cost and current performance may be higher or lower that the performance quoted. For performance current to the most recent month end, please call 1-866-348-6466.
    • Indices are unmanaged and do not include the effect of fees. One cannot invest in an index.
    • Performance data shown prior to 12/03/2021 is that of the funds of the Catholic United Investment Trust (the “Predecessor Funds”). The Predecessor Funds were managed by the Adviser using investment objectives, strategies, policies and restrictions that were in all material respects equivalent. The performance information has been adjusted to reflect Fund expenses which may result in higher or lower performance.
    Fund Prospectus
    Fact Sheet
    Attribution
    Quarter Holdings
    Monthly Holdings
  • Catholic Responsible Investments Magnus 60/40 Beta Plus Fund
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    Objective

    Current income and long-term capital appreciation

    Investments

    The Fund is a “fund of funds,” meaning that it seeks to achieve its objective by investing in other Catholic Responsible Investments Funds mutual funds (the “Underlying Funds”) that represent a variety of asset classes and investment styles. The Fund’s asset allocation strategy emphasizes investments in equity securities (and certain other instruments described below) in an amount equal to 60% of its assets and exposure to fixed-income securities in an amount equal to 40% of its assets, with a bias towards “passive” management in the equity portion of the portfolio.

    Additional Information

    Fee waivers and reimbursements are contractual and in effect until 02/28/25.

    Benchmark

    The blended benchmark is comprised of 40% Bloomberg Aggregate / 45% Russell 3000 / 15% MSCI ACWI ex-US.

    Fund Facts (Institutional/Investor)
    Inception Date 8/29/2018
    Ticker CMMSX/CMMVX
    CUSIP 14919E407/14919E308
    Net Asset Value $10.95/$10.94 (as of 11/20/2024)
    Net Assets $476.1 MM
    Minimum Investment $15M/$5,000
    Expense Ratio (Net) 0.32%/0.47%
    Expense Ratio (Gross) 0.36%/0.51%
    Underlying Funds
    Risk-Reducing
    CRI Short Duration Bond Fund 10.00%
    CRI Opportunistic Bond Fund 10.00%
    CRI Bond Fund 20.00%
    Return-Seeking
    CRI Equity Index Fund 39.00%
    CRI International Equity Fund 12.00%
    CRI Small-Cap Fund 6.00%
    CRI International Small-Cap Fund 3.00%
    Net Performance as of 09/30/2024
              Annualized
      One Month Three Months Year to Date One Year Five Years Ten Years Since Inception
    CMMSX (Inception Date: 8/29/2018) 1.82 5.72 13.24 23.73 9.30 * 8.36
    CMMVX (Inception Date: 8/29/2018) 1.81 5.68 13.12 23.55 9.14 * 8.20
    40% BBAgg / 45% R3000 / 15% MSCI ACWI-ex.U.S. 1.88 6.10 13.11 24.01 8.36 * 7.72
    Source: SEI
    • Returns are presented net of fees and include the reinvestment of income and past performance is not indicative of future results. Net of fees includes management fees, operating expenses, and fee reductions and/or expense reimbursements. See the fund prospectus for additional information.
    • Since inception performance for each benchmark index is calculated based on the inception date of each corresponding Fund share class and reflects no deduction for fees, expenses or taxes.
    • Performance data quoted represents past performance and does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth less than their original cost and current performance may be higher or lower that the performance quoted. For performance current to the most recent month end, please call 1-866-348-6466.
    • Indices are unmanaged and do not include the effect of fees. One cannot invest in an index.
    • Performance data shown prior to 12/03/2021 is that of the funds of the Catholic United Investment Trust (the “Predecessor Funds”). The Predecessor Funds were managed by the Adviser using investment objectives, strategies, policies and restrictions that were in all material respects equivalent. The performance information has been adjusted to reflect Fund expenses which may result in higher or lower performance.
    Fund Prospectus
    Fact Sheet
    Attribution
    Quarter Holdings
    Monthly Holdings
  • Catholic Responsible Investments Magnus 60/40 Alpha Plus Fund
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    Objective

    Current income and long-term capital appreciation

    Investments

    The Fund is a “fund of funds,” meaning that it seeks to achieve its objective by investing in other Catholic Responsible Investments Funds mutual funds (the “Underlying Funds”) that represent a variety of asset classes and investment styles. The Fund’s asset allocation strategy emphasizes investments in equity securities (and certain other instruments described below) in an amount equal to 60% of its assets and exposure to fixed-income securities in an amount equal to 40% of its assets, with a bias towards “passive” management in the equity portion of the portfolio.

    Additional Information

    Fee waivers and reimbursements are contractual and in effect until 02/28/25.

    Benchmark

    The blended benchmark is comprised of 40% Bloomberg Aggregate / 45% Russell 3000 / 15% MSCI ACWI ex-US.

    Fund Facts (Institutional/Investor)
    Inception Date 7/18/2018
    Ticker CMPSX/CMPVX
    CUSIP 14919E605/14919E506
    Net Asset Value $10.76/$10.74 (as of 11/20/2024)
    Net Assets $1,426.9 MM
    Minimum Investment $15M/$5,000
    Expense Ratio (Net) 0.46%/0.61%
    Expense Ratio (Gross) 0.48%/0.63%
    Underlying Funds
    Risk-Reducing
    CRI Short Duration Bond Fund 10.00%
    CRI Opportunistic Bond Fund 10.00%
    CRI Bond Fund 20.00%
    Return-Seeking
    CRI Equity Index Fund 15.00%
    CRI Multi-Style US Equity Fund 24.00%
    CRI International Equity Fund 12.00%
    CRI Small-Cap Fund 6.00%
    CRI International Small-Cap Fund 3.00%
    Net Performance as of 09/30/2024
              Annualized
      One Month Three Months Year to Date One Year Five Years Ten Years Since Inception
    CMPSX (Inception Date: 7/18/2018) 1.57 5.32 11.93 22.53 8.76 * 7.85
    CMPVX (Inception Date: 7/18/2018) 1.55 5.28 11.80 22.35 8.60 * 7.68
    40% BBAgg / 45% R3000 / 15% MSCI ACWI-ex.U.S. 1.88 6.10 13.11 24.01 8.36 * 7.89
    Source: SEI
    • Returns are presented net of fees and include the reinvestment of income and past performance is not indicative of future results. Net of fees includes management fees, operating expenses, and fee reductions and/or expense reimbursements. See the fund prospectus for additional information.
    • Since inception performance for each benchmark index is calculated based on the inception date of each corresponding Fund share class and reflects no deduction for fees, expenses or taxes.
    • Performance data quoted represents past performance and does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth less than their original cost and current performance may be higher or lower that the performance quoted. For performance current to the most recent month end, please call 1-866-348-6466
    • Indices are unmanaged and do not include the effect of fees. One cannot invest in an index
    • Performance data shown prior to 12/03/2021 is that of the funds of the Catholic United Investment Trust (the “Predecessor Funds”). The Predecessor Funds were managed by the Adviser using investment objectives, strategies, policies and restrictions that were in all material respects equivalent. The performance information has been adjusted to reflect Fund expenses which may result in higher or lower performance.
    Fund Prospectus
    Fact Sheet
    Attribution
    Quarter Holdings
    Monthly Holdings

Important Information

Consider the funds’ investment objective, risk, and charges and expenses. This and other information can be found in the funds’ prospectus, and if available, the summary prospectus, which may be obtained by visiting www.cbisonline.com or by calling 1-866-348-6466. Please read the prospectus, or summary prospectus, carefully before investing.

There are risks involved in investing, including loss of principal. Asset allocation may not protect against market risk. Diversification may not protect against market risk. There is no guarantee that the fund will achieve its Investment Objective. There is no guarantee that these strategies will result in positive performance.

Catholic Responsible Investment (“CRI”) is an investment strategy designed specifically to help investors seek sound financial returns while remaining faithful to the teaching of the Roman Catholic Church. The Fund considers the Adviser’s CRI criteria in its investment process and may choose not to purchase, or may sell, including at inopportune times which would result in losses to the Fund, otherwise profitable investment in companies which have been identified as being in conflict with the Adviser’s CRI criteria. Funds may underperform other similar funds that do not consider CRI guidelines when making decision.

The funds are distributed by SEI Investment Distribution Co. (SIDCO). SIDCO is not affiliated with CBIS, Mercer, Mar Vista Investment Partners, LLC, Wellington Management Company LLP, RhumbLine Advisers, Causeway Capital Management LLC, Principal Global Investors, LLC, WCM Investment Management, Lazard Asset Management LLC, Brandywine Global Investment Management, LLC, Sun Life Capital Management (U.S.) LLC, Teachers Advisors LLC/Nuveen, Loomis, Sayles & Company, Allspring Global Investment, LLC, Parametric Portfolio Associates, Boston Partners Global Investors, William Blair Investment Management, or T. Rowe Price Associates, Inc.

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