{"id":31140,"date":"2024-07-18T15:27:00","date_gmt":"2024-07-18T20:27:00","guid":{"rendered":"https:\/\/cbisonline.com\/us\/?p=31140"},"modified":"2026-04-14T15:30:39","modified_gmt":"2026-04-14T20:30:39","slug":"cri-international-small-cap-fund-portfolio-construction-update","status":"publish","type":"post","link":"https:\/\/cbisonline.com\/us\/cri-international-small-cap-fund-portfolio-construction-update\/","title":{"rendered":"CRI International Small-Cap Fund Portfolio Construction Update"},"content":{"rendered":"\n<p><a href=\"https:\/\/cbisonline.com\/us\/wp-content\/uploads\/sites\/2\/2023\/04\/CRI_ISCF_Portfolio-Contruction-Update_07182024.pdf\">View PDF<\/a><\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Overview<\/h2>\n\n\n\n<p>The Catholic Responsible Investments International Small-Cap Fund seeks long-term capital appreciation by investing primarily in a broadly diversified portfolio of equity securities of small-capitalization companies located in countries included in the MSCI All Country World ex-USA Small Cap Index.<\/p>\n\n\n\n<p>This update impacts the following Catholic Responsible Investments Funds:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>International Small-Cap<\/li>\n\n\n\n<li>Magnus 45\/55<\/li>\n\n\n\n<li>Magnus 75\/25<\/li>\n\n\n\n<li>Magnus 60\/40 Alpha Plus<\/li>\n\n\n\n<li>Magnus 60\/40 Beta Plus<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\">Portfolio Review<\/h2>\n\n\n\n<p>In its recent review, the Catholic Responsible Investments Committee determined that the Fund\u2019s return and risk characteristics, particularly upside and downside capture ratios and quality of returns, could be improved.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Enhancements to Portfolio Construction<\/h2>\n\n\n\n<p>To improve outcomes, the Fund is being enhanced through two key changes:<\/p>\n\n\n\n<p>Addition of Allspring Global Investments, LLC as a sub-adviser to bring quality and growth characteristics to the portfolio, while also improving risk reduction when paired with the existing sub-adviser, Lazard Asset Management.<\/p>\n\n\n\n<p>Replacement of Global Alpha Capital Management Ltd. due to insufficient contribution to risk diversification and evolving strategy focus that no longer aligned with portfolio construction objectives.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Integrated Strategies Summary<\/h2>\n\n\n\n<p>The updated portfolio combines complementary strategies designed to enhance diversification and improve risk-adjusted returns.<\/p>\n\n\n\n<p>Allspring\u2019s approach focuses on high-quality companies with durable competitive advantages, strong balance sheets, and sustainable cash flows, aiming to provide a lower-risk profile and capital preservation across market environments.<\/p>\n\n\n\n<p>Lazard continues to provide a systematic, quantitatively driven investment approach, evaluating companies based on growth potential, valuation, market sentiment, and financial quality, while maintaining risk exposures aligned with the benchmark.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Portfolio Reconstruction and Allocation<\/h2>\n\n\n\n<p>The revised portfolio construction reflects a shift toward improved diversification and balanced risk contributions across managers. The target allocations are designed so that each sub-adviser contributes equally to expected portfolio risk, enhancing overall efficiency without sacrificing return potential.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Investment Approach<\/h2>\n\n\n\n<p>The updated structure emphasizes diversification across complementary investment styles and geographies. By combining systematic and fundamental strategies, the Fund aims to improve consistency of returns and resilience across varying market conditions.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Important Information<\/h2>\n\n\n\n<p><strong>Carefully consider the funds\u2019 investment objectives, risks, and charges and expenses. This and other information can be found in the funds\u2019 full and summary prospectus, which may be obtained by visiting <a href=\"http:\/\/www.cbisonline.com\">www.cbisonline.com<\/a> or by calling 1-866-348-6466. Please read the prospectus carefully before investing.<\/strong><\/p>\n\n\n\n<p>Investing involves risk, including loss of principal. Asset allocation does not guarantee protection against market risk. There is no guarantee that these strategies will result in positive performance.<\/p>\n\n\n\n<p>Catholic Responsible Investment is designed to align financial returns with the teachings of the Roman Catholic Church. Investment decisions may exclude or sell companies that conflict with these criteria, which could impact performance. Funds may underperform those that do not apply these guidelines.<\/p>\n\n\n\n<p>The funds are distributed by SEI Investments Distribution Co., which is not affiliated with CBIS, the adviser, or the sub-advisers.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>View PDF Overview The Catholic Responsible Investments International Small-Cap Fund seeks long-term capital appreciation by investing primarily in a broadly diversified portfolio of equity securities of small-capitalization companies located in countries included in the MSCI All Country World ex-USA Small Cap Index. This update impacts the following Catholic Responsible Investments Funds: Portfolio Review In its [&hellip;]<\/p>\n","protected":false},"author":14,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[52],"tags":[],"class_list":["post-31140","post","type-post","status-publish","format-standard","hentry","category-news"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>CRI International Small-Cap Fund Portfolio Construction Update | CBIS | Catholic Socially Responsible Investment Solutions<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cbisonline.com\/us\/cri-international-small-cap-fund-portfolio-construction-update\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"CRI International Small-Cap Fund Portfolio Construction Update | CBIS | Catholic Socially Responsible Investment Solutions\" \/>\n<meta property=\"og:description\" content=\"View PDF Overview The Catholic Responsible Investments International Small-Cap Fund seeks long-term capital appreciation by investing primarily in a broadly diversified portfolio of equity securities of small-capitalization companies located in countries included in the MSCI All Country World ex-USA Small Cap Index. 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