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Trending ETFs

Name

As of 05/20/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$10.05

$66.8 M

5.16%

$0.52

0.54%

Vitals

YTD Return

2.0%

1 yr return

5.3%

3 Yr Avg Return

N/A

5 Yr Avg Return

N/A

Net Assets

$66.8 M

Holdings in Top 10

30.6%

52 WEEK LOW AND HIGH

$10.1
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.54%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover N/A

Redemption Fee 0.00%


Min Investment

Standard (Taxable)

$5,000

IRA

N/A


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 05/20/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$10.05

$66.8 M

5.16%

$0.52

0.54%

CRHSX - Profile

Distributions

  • YTD Total Return 2.0%
  • 3 Yr Annualized Total Return N/A
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio N/A
DIVIDENDS
  • Dividend Yield 5.2%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    CATHOLIC RESPONSIBLE INVESTMENTS ULTRA SHORT BOND FUND
  • Fund Family Name
    Catholic Responsible Investments Funds
  • Inception Date
    Jan 28, 2022
  • Shares Outstanding
    6081740
  • Share Class
    Instl
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Constance Christian

Fund Description

Under normal circumstances, the Ultra Short Bond Fund invests at least 80% of its net assets (plus the amount of any borrowings for investment purposes) in investment grade U.S. dollar-denominated debt instruments, including: (i) commercial paper and other corporate obligations; (ii) certificates of deposit, time deposits, bankers’ acceptances, bank notes, and other obligations of U.S. savings and loan and thrift institutions, U.S. commercial banks (including foreign branches of such banks) and foreign banks that meet certain asset requirements; (iii) U.S. Treasury obligations and obligations issued or guaranteed as to principal and interest by agencies or instrumentalities of the U.S. Government; (iv) mortgage-backed securities; (v) asset-backed securities; (vi) fully-collateralized repurchase agreements involving any of the foregoing obligations; (vii) U.S. dollar-denominated instruments of foreign issuers; and (viii) floating rate securities. In addition, the Fund may enter into dollar roll transactions with selected banks and

broker-dealers and invest in to-be-announced mortgage-backed securities, repurchase agreements, and in municipal securities.

The Fund relies upon an investment Sub-Adviser to manage the Fund’s portfolio under the general supervision of the Adviser. The Fund’s Sub-Adviser seeks attractively-valued securities that offer competitive yields and that are issued by issuers that are on a sound financial footing. The Sub-Adviser also considers factors such as the anticipated level of interest rates, relative valuations and yield spreads among various sectors, and the duration of the Fund’s entire portfolio. While the Fund may invest in securities with a maturity of up to 24 months, or a two-year average life for amortizing securities, the Sub-Adviser will strive to maintain an average portfolio duration for the Fund of 90 days or less. Duration measures the price sensitivity of a fixed income security to changes in interest rates. For example, a five-year duration means that the fixed income security will decrease in value by 5% if interest rates rise 1% and increase in value by 5% if interest rates fall 1%. The Fund may not purchase private placement securities except for securities eligible for re-sale under Rule 144A of the Securities Act of 1933, as amended (the “1933 Act”). The Fund’s fixed income securities may include unrated securities, if deemed by the Sub-Adviser to be of comparable quality to allowable securities. The Fund may engage in active and frequent trading of portfolio securities to achieve its principal investment strategies.

Wellington Management Company LLP (“Wellington Management”)

Wellington Management seeks to advance the Fund’s investment objective by investing in securities considered to be attractive in terms of both yield and total return and that are issued by issuers that are on a sound financial footing. Wellington Management normally invests in “investment grade” securities and will also consider factors such as the anticipated level of interest rates, relative valuations and yield spreads among various sectors, and the duration of the entire portfolio when making investment decisions.

Fixed income securities in which Wellington Management may invest include, but are not limited to, (1) securities issued or guaranteed as to principal or interest by the U.S. Government, its agencies or instrumentalities; (2) non-convertible and convertible debt securities issued or guaranteed by U.S. corporations or other issuers (including foreign issuers); (3) asset-backed and mortgage-related securities, including collateralized mortgage obligations; (4) securities and loans issued or guaranteed as to principal or interest by a foreign issuer, including supranational entities such as development banks, non-U.S. corporations, banks or bank holding companies, or other foreign issuers; (5) commercial mortgage-backed securities; (6) zero coupon securities; and (7) fixed-income related derivatives.

Catholic Responsible Investing

The Fund will invest its assets in a manner consistent with the components, details and definitions of Catholic Responsible Investing (“CRI”) as adopted from time to time by the De La Salle Brothers of the Christian Schools. CRI is an investment strategy designed specifically to help investors seek sound financial returns while remaining faithful to the teachings of the Roman Catholic Church. The components and details of CRI are intended to reflect both the charism (or founding spirit) and the current teachings of the Roman Catholic Church and, as such, the components and details are as adopted from time to time by the De La Salle Brothers of the Christian Schools, currently through the action of its civil entity, the Adviser.

CRI blends core Roman Catholic Church teaching with a disciplined, diversified investment process aimed at delivering competitive, risk-adjusted returns over time. Currently, the three components of CRI are Catholic investment screening, active ownership and diversified investment management. For more information about the Fund’s policy to invest consistent with CRI and these three components, please see the section of the prospectus entitled “More Information about the Funds’ Investment Objectives, Principal Investment Strategies and Principal Risks, Fundamental Investment Policy of Catholic Responsible Investing.”

As part of the Fund’s Catholic Responsible Investing Process, the Adviser maintains a master list of global securities that are restricted from inclusion in the Fund’s portfolio. While the Catholic Responsible Investing screening criteria are designed to exclude certain companies or investments from the potential investment universe because these companies operate businesses deemed inconsistent with Catholic values, the Adviser does not anticipate this reduction to have a material impact on the Fund’s ability to achieve its investment objective. The Adviser seeks to balance the impact of the Catholic Responsible Investing screening criteria by either overweighting select portfolio holdings or substituting additional holdings so that the Fund’s overall portfolio composition is adjusted to achieve its investment objective. As a result, Fund performance may be different than a fund with a similar investment strategy that does not invest in accordance with Catholic Responsible Investing screening criteria.

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CRHSX - Performance

Return Ranking - Trailing

Period CRHSX Return Category Return Low Category Return High Rank in Category (%)
YTD 2.0% -1.2% 4.3% 75.46%
1 Yr 5.3% 0.8% 14.9% 81.94%
3 Yr N/A* -1.9% 6.0% 74.09%
5 Yr N/A* -1.0% 4.4% 77.83%
10 Yr N/A* -4.4% 27.6% 85.07%

* Annualized

Return Ranking - Calendar

Period CRHSX Return Category Return Low Category Return High Rank in Category (%)
2023 0.2% -2.3% 4.3% 90.28%
2022 N/A -6.5% 0.5% N/A
2021 N/A -2.1% 0.3% N/A
2020 N/A -3.1% 1.8% N/A
2019 N/A -1.2% 6.1% N/A

Total Return Ranking - Trailing

Period CRHSX Return Category Return Low Category Return High Rank in Category (%)
YTD 2.0% -1.2% 4.3% 75.46%
1 Yr 5.3% 0.8% 14.9% 81.94%
3 Yr N/A* -1.9% 6.0% 69.55%
5 Yr N/A* -1.0% 4.4% 73.40%
10 Yr N/A* -4.4% 27.6% 84.33%

* Annualized

Total Return Ranking - Calendar

Period CRHSX Return Category Return Low Category Return High Rank in Category (%)
2023 5.1% 0.8% 12.1% 81.02%
2022 N/A -5.1% 2.5% N/A
2021 N/A -2.1% 14.5% N/A
2020 N/A -1.0% 3.6% N/A
2019 N/A 0.3% 9.6% N/A

NAV & Total Return History


CRHSX - Holdings

Concentration Analysis

CRHSX Category Low Category High CRHSX % Rank
Net Assets 66.8 M 25.6 K 22.6 B 86.57%
Number of Holdings 191 2 1291 68.98%
Net Assets in Top 10 19.2 M 23.7 K 17.3 B 87.96%
Weighting of Top 10 30.56% 5.6% 163.3% 26.85%

Top 10 Holdings

  1. TREASURY BILL 0.000000% 03/12/2024 4.59%
  2. TREASURY BILL 0.000000% 02/27/2024 3.53%
  3. TREASURY BILL 0.000000% 03/05/2024 3.44%
  4. TREASURY BILL 0.000000% 05/28/2024 3.09%
  5. TREASURY BILL 0.000000% 03/26/2024 3.00%
  6. TREASURY BILL 0.000000% 03/19/2024 2.96%
  7. TREASURY BILL 0.000000% 04/04/2024 2.68%
  8. TREASURY BILL 0.000000% 03/14/2024 2.61%
  9. TREASURY BILL 0.000000% 02/13/2024 2.55%
  10. TREASURY BILL 0.000000% 04/11/2024 2.13%

Asset Allocation

Weighting Return Low Return High CRHSX % Rank
Bonds
103.35% 0.00% 128.16% 2.31%
Cash
1.08% 0.00% 109.89% 82.41%
Other
0.16% -7.74% 99.94% 62.96%
Stocks
0.00% 0.00% 95.95% 20.83%
Preferred Stocks
0.00% 0.00% 0.00% 2.78%
Convertible Bonds
0.00% 0.00% 15.25% N/A

Bond Sector Breakdown

Weighting Return Low Return High CRHSX % Rank
Cash & Equivalents
1.08% 0.00% 109.89% 78.70%
Derivative
0.00% -7.49% 21.59% 12.50%
Securitized
0.00% 0.00% 100.00% N/A
Corporate
0.00% 0.00% 99.91% N/A
Municipal
0.00% 0.00% 70.39% N/A
Government
0.00% 0.00% 100.00% N/A

Bond Geographic Breakdown

Weighting Return Low Return High CRHSX % Rank
US
103.35% 0.00% 128.16% 2.31%
Non US
0.00% 0.00% 22.24% 17.59%

CRHSX - Expenses

Operational Fees

CRHSX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.54% 0.02% 29.63% 42.99%
Management Fee 0.25% 0.00% 1.19% 42.13%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.40% N/A

Sales Fees

CRHSX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 1.50% 5.75% N/A
Deferred Load N/A 0.25% 1.00% N/A

Trading Fees

CRHSX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee 0.00% 0.00% 1.00% 100.00%

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

CRHSX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover N/A 0.00% 369.54% N/A

CRHSX - Distributions

Dividend Yield Analysis

CRHSX Category Low Category High CRHSX % Rank
Dividend Yield 5.16% 0.00% 8.76% 47.69%

Dividend Distribution Analysis

CRHSX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Monthly Monthly Monthly

Net Income Ratio Analysis

CRHSX Category Low Category High CRHSX % Rank
Net Income Ratio N/A -1.30% 14.86% N/A

Capital Gain Distribution Analysis

CRHSX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually

Distributions History

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CRHSX - Fund Manager Analysis

Managers

Constance Christian


Start Date

Tenure

Tenure Rank

Dec 03, 2021

0.49

0.5%

Constance Christian, CFA, is a Managing Director of the Adviser. As a senior member of the team, she works directly with internal and external stakeholders and is responsible for manager due diligence and research, portfolio construction and evaluating risk, marketing and product development, and product management. Prior to joining CBIS, Ms. Christian was employed at Wespath Benefits and Investments since 2016 where she held the title Manager, Fixed Income. Ms. Christian started her career in investment management at Brinson Partners as a portfolio manager managing assets for institutional clients (1991-1998). Following her employment at Brinson Partners, she was a portfolio manager at ABN AMRO Asset Management (2001-2006) also managing institutional assets. Ms. Christian then taught high school mathematics at William Howard Taft High School (2007-2016). Ms. Christian holds a BSBA-Finance from the Xavier University, an MBA - Finance from Xavier University and an MA in Mathematics Education from DePaul University. Ms. Christian is a CFA Charterholder.

John Geissinger


Start Date

Tenure

Tenure Rank

Dec 03, 2021

0.49

0.5%

John Geissinger, CFA is the Chief Investment Officer at CBIS, a Catholic, socially responsible investment manager with over $10.3 billion in assets under management. CBIS is positioned at the intersection of faith and finance, serving Catholic investors across the globe. Mr. Geissinger is responsible for developing investment policies and programs that achieve the investment objectives of the organization and its investors. He is responsible the development of CBIS’ overall investment philosophy and direction, including ultimate responsibility for the manager-of-managers function. He is a member of the firm's Executive Committee. John brings 30 years of portfolio and risk management experience in prominent financial services firms. He was a partner with Hewitt EnnisKnupp (2012-2014), a provider of investment consulting to corporate and public pension plans, endowments, foundations and defined contribution plans. His prior experience includes chief investment officer roles with North Dakota Retirement and Investment Office (2010-2012), Natsource, LLC (2008-2010) and Bear Stearns Asset Management (1998-2008), as well as research and portfolio management experience with Chancellor/LGT Asset Management, Putnam Investments and Aetna Life and Casualty. John holds a bachelor’s degree from Wake Forest University, MBA from New York University and is a CFA charterholder.

Hoa Quach


Start Date

Tenure

Tenure Rank

Dec 03, 2021

0.49

0.5%

Hoa Quach, CFA, is a Managing Director of the Adviser. Ms. Quach, CFA, is a Managing Director with the Catholic Responsible InvestmentsSM team. As a senior member of the team, she works directly with internal and external stakeholders and is responsible for manager due diligence and research, portfolio construction and evaluating risk, marketing and product development, and product management. Hoa brings over 25 years of experience in prominent consulting and asset management firms. Ms. Quach’s prior experience includes principal, manager research consultant at Mercer, manager of quantitative research, investment office for the University of Chicago, senior portfolio analyst/portfolio manager at Duff & Phelps Investment Management and a consultant at Ibboston Associates. Ms. Quach holds a BBA in Finance and Business Economics (Cum Laude) from the University of Notre Dame, and a MBA in Finance and Economics from the University of Chicago, Booth School of Business. She is a CFA charterholder and a member of the CFA Institute and the CFA Society of Chicago.

Timothy Smith


Start Date

Tenure

Tenure Rank

Dec 03, 2021

0.49

0.5%

Timothy E. Smith Senior Managing Director, Partner, and Fixed Income Portfolio Manager of Wellington Management, has served as portfolio manager of the Fund since 2013. Mr. Smith joined Wellington Management as an investment professional in 1992. Tim is a fixed income portfolio manager specializing in short-duration investing, including money market, enhanced cash, LIBOR, and short-term bond portfolios. He is chair of the firm’s Short Duration Strategy Group and is a member of the Error Resolution Council and the Financial Reserves Management Team.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 32.44 6.56 0.13