Continue to site >
Trending ETFs

Name

As of 05/28/2024

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

$11.00

$812 M

0.30%

$0.03

0.81%

Vitals

YTD Return

7.6%

1 yr return

25.4%

3 Yr Avg Return

N/A

5 Yr Avg Return

N/A

Net Assets

$812 M

Holdings in Top 10

20.0%

52 WEEK LOW AND HIGH

$11.0
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.81%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover N/A

Redemption Fee 2.00%


Min Investment

Standard (Taxable)

$5,000

IRA

N/A


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 05/28/2024

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

$11.00

$812 M

0.30%

$0.03

0.81%

CRTVX - Profile

Distributions

  • YTD Total Return 7.6%
  • 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 0.3%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name
    CATHOLIC RESPONSIBLE INVESTMENTS MULTI-STYLE US EQUITY FUND
  • Fund Family Name
    Catholic Responsible Investments Funds
  • Inception Date
    Apr 30, 2021
  • Shares Outstanding
    5338856
  • Share Class
    Investor
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Steven Voorhis

Fund Description

The Fund seeks to achieve long-term capital appreciation by investing primarily in a broadly diversified portfolio of equity securities of predominantly mid to large capitalization companies included in the Russell 1000 Index (the “Index”) that are believed to have above-average market appreciation potential. Under normal circumstances, the Fund will invest at least 80% of the value of its net assets plus borrowings for investment purposes in equity securities of companies located in the United States. An issuer of a security will be deemed to be located in the United States if: (i) the principal trading market for the security is in the United States, (ii) the issuer is organized under the laws of the United States, or (iii) the issuer derives at least 50% of its revenues or profits from the United States or has at least 50% of its total assets situated in the United States.

For purposes of the Fund’s 80% investment policy, equity securities include (i) common and preferred stocks of large and medium capitalization U.S. and non-U.S. companies that are believed to have above-average market appreciation potential; (ii) equity securities economically tied to non-U.S. countries and (iii) equity-related securities such as convertible securities. The Fund may also occasionally invest in common stocks of small capitalization U.S. companies. The Fund may pursue a strategy of being fully invested by exposing all or a portion of its cash to the performance of appropriate markets by purchasing equity securities and/or derivatives, which typically include futures contracts. The Fund might do so, for example, in order to increase its investment exposure pending investment of cash in the stocks comprising the Index. Alternatively, the Fund might use futures or options on futures to reduce its investment exposure in situations where it intends to sell a portion of the stocks in its portfolio but the sale has not yet been completed. Some of these investments will cause the Fund to be, in part, indirectly exposed to companies that would otherwise be screened out by the Adviser’s Catholic Responsible Investments screening criteria. Accordingly, the Fund limits such investments to situations where they (a) do not constitute, in the aggregate, more than 5% of the Fund’s investments at any time, and (b) where the Adviser determines such investments are necessary to achieve the Fund’s investment objective and when the Adviser believes there are no reasonable alternative investments that exist that are consistent with its Catholic Responsible Investing screening criteria.

The Fund may also invest in securities of non-U.S. issuers by investing in non-U.S. issuers denominated in U.S. dollars and traded on U.S. stock exchanges and over-the-counter markets, including GDRs and EDRs, or through purchasing American Depositary Receipts (“ADRs”). The Fund may engage in active and frequent trading of portfolio securities to achieve its principal investment strategies.

The Fund uses a multi-manager approach, relying upon a number of sub-advisers (each, a “Sub-Adviser” and collectively, the “Sub-Advisers”) with differing investment philosophies to manage portions of the Fund’s portfolio under the general supervision of the Adviser. In managing its portion of the Fund’s assets, each Sub-Adviser generally applies an active, high conviction approach that emphasizes different return drivers, including growth, value, and quality in selecting investments.

Dodge & Cox

Dodge & Cox seeks to invest its portion of the Fund’s assets primarily in equity and equity-related securities (including common stock, preferred stock and securities convertible into equity and REITs) issued by large capitalization U.S. companies that Dodge & Cox believes sell at reasonable prices relative to a variety of valuation measures, including projected earnings, book value and sales. Dodge & Cox will also invest in non-U.S. securities denominated in U.S. dollars and traded in registered U.S. stock exchanges, or over-the-counter markets, including depositary receipts.

Dodge & Cox’s equity investment strategy is to build a portfolio of individual securities that it believes are undervalued given their long-term prospects. Individual company research drives the selection of equity securities. Dodge & Cox’s team of global research analysts, organized by industry, conducts research about industry dynamics to assess company fundamentals and compare valuations. Dodge & Cox seeks to identify investment opportunities by analyzing the long-term fundamentals of a business, including prospective earnings, cash flow, and dividends over a three-to-five year period. Dodge & Cox generally focuses its research efforts on factors — such as franchise strength, competitive dynamics, growth opportunities, and management quality — that it believes ultimately determine business success. Dodge & Cox considers the sale of a holding when it believes the price of a company’s equity securities reflects more optimistic expectations about the company’s prospects than Dodge & Cox’s expectations, when Dodge & Cox’s assessment of a company’s long-term fundamentals grows negative, or when Dodge & Cox identifies more attractive opportunities elsewhere.

Mar Vista Investment Partners, LLC (“Mar Vista”)

In managing its allocated portion of the Fund’s assets, Mar Vista employs a bottom-up approach to stock selection, seeking high quality growth companies whose stocks are trading at discounts to fair value. Mar Vista looks for companies deemed to have sustainable competitive advantages and opportunities to grow and reinvest capital at higher rates than their cost of capital. Mar Vista also seeks to invest in companies with management teams with a demonstrated ability to allocate capital in ways that maximize shareholder value. Mar Vista’s investment approach seeks to balance both the protection of capital as well as the appreciation potential of a stock. Mar Vista evaluates companies to assess the intrinsic worth of the business. Mar Vista builds financial models for companies in their investment universe based on publicly available information and proprietary research. The models normalize historical accounting statements and project key value drivers to determine likely future free cash flow to arrive at estimates of intrinsic value. The Mar Vista team collectively challenges the key assumptions underlying the intrinsic value of a company. Mar Vista uses scenario analysis to determine a “margin of safety,” or discount to intrinsic value, which varies depending on the stability and predictability of the business. The wider the range of potential outcomes, the higher the margin of safety required for investment. Mar Vista typically sells a stock if the market price exceeds Mar Vista’s estimate of intrinsic value, the company’s fundamentals fall short of Mar Vista’s investment thesis, or when there are more attractive investment alternatives. Mar Vista may invest in a limited number of stocks that it believes have attractive risk-reward profiles, and this may also result in significant absolute and relative weights in a sector.

Wellington Management Company LLP (“Wellington Management”)

Wellington Management seeks to achieve long-term capital appreciation for the Fund by investing primarily in stocks of mid and large-capitalization U.S. companies considered to have above-average earnings growth potential.

Wellington Management employs a traditional, bottom-up fundamental research approach to identify securities that possess, in the view of Wellington Management, sustainable growth at reasonable valuations. Wellington Management seeks to identify companies that have demonstrated above-average growth in the past, then conducts a thorough review of each company’s business model. The goal of this review is to identify companies that Wellington Management believes can sustain above-average growth because of their superior business models as represented by high returns on capital, strong management and quality balance sheets.

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.

Read More

CRTVX - Performance

Return Ranking - Trailing

Period CRTVX Return Category Return Low Category Return High Rank in Category (%)
YTD 7.6% -0.4% 16.7% 1.17%
1 Yr 25.4% 1.3% 33.5% 1.18%
3 Yr N/A* -15.1% 6.3% N/A
5 Yr N/A* -4.4% 8.0% N/A
10 Yr N/A* -0.1% 8.6% N/A

* Annualized

Return Ranking - Calendar

Period CRTVX Return Category Return Low Category Return High Rank in Category (%)
2023 27.1% -1.3% 27.4% 0.47%
2022 N/A -35.0% -7.4% N/A
2021 N/A -11.5% 14.6% N/A
2020 N/A -10.3% 40.7% N/A
2019 N/A -9.5% 22.1% N/A

Total Return Ranking - Trailing

Period CRTVX Return Category Return Low Category Return High Rank in Category (%)
YTD 7.6% -0.4% 16.7% 1.17%
1 Yr 25.4% 1.3% 33.5% 1.18%
3 Yr N/A* -15.1% 6.3% N/A
5 Yr N/A* -4.4% 8.0% N/A
10 Yr N/A* -0.1% 8.6% N/A

* Annualized

Total Return Ranking - Calendar

Period CRTVX Return Category Return Low Category Return High Rank in Category (%)
2023 27.6% -1.3% 28.2% 0.47%
2022 N/A -35.0% -3.1% N/A
2021 N/A -11.5% 32.0% N/A
2020 N/A -5.4% 40.7% N/A
2019 N/A 4.5% 27.7% N/A

NAV & Total Return History


CRTVX - Holdings

Concentration Analysis

CRTVX Category Low Category High CRTVX % Rank
Net Assets 812 M 244 K 50.8 B 38.64%
Number of Holdings 172 2 4020 32.16%
Net Assets in Top 10 163 M 261 K 10.1 B 64.08%
Weighting of Top 10 20.04% 6.4% 127.7% 82.16%

Top 10 Holdings

  1. MICROSOFT CORP COMMON STOCK 3.48%
  2. APPLE INC COMMON STOCK 2.81%
  3. ALPHABET INC-CL C COMMON STOCK 2.13%
  4. MICROSOFT CORP COMMON STOCK 2.10%
  5. NVIDIA CORP COMMON STOCK 1.78%
  6. AMAZON.COM INC COMMON STOCK 1.75%
  7. BROWN BROTHERS HARRIMAN SWEEP INTEREST 1.71%
  8. TRANSDIGM GROUP INC COMMON STOCK 1.50%
  9. AMAZON.COM INC COMMON STOCK 1.44%
  10. WELLS FARGO CO COMMON STOCK 1.33%

Asset Allocation

Weighting Return Low Return High CRTVX % Rank
Stocks
96.49% 0.00% 102.36% 46.37%
Cash
4.02% -35.68% 28.05% 24.41%
Other
0.03% -0.27% 63.55% 40.61%
Preferred Stocks
0.00% 0.00% 21.95% 30.99%
Convertible Bonds
0.00% 0.00% 71.77% N/A
Bonds
0.00% 0.00% 80.16% 44.73%

Stock Sector Breakdown

Weighting Return Low Return High CRTVX % Rank
Utilities
0.00% 0.00% 48.33% N/A
Technology
0.00% 0.22% 27.92% N/A
Real Estate
0.00% 0.00% 43.16% N/A
Industrials
0.00% 0.14% 17.90% N/A
Healthcare
0.00% 0.00% 24.25% N/A
Financial Services
0.00% 0.00% 83.50% N/A
Energy
0.00% 0.00% 62.93% N/A
Communication Services
0.00% 0.00% 11.11% N/A
Consumer Defense
0.00% 0.00% 18.62% N/A
Consumer Cyclical
0.00% 0.00% 14.20% N/A
Basic Materials
0.00% 0.00% 32.82% N/A

Stock Geographic Breakdown

Weighting Return Low Return High CRTVX % Rank
US
96.49% 0.00% 102.36% 46.48%
Non US
0.00% 0.00% 23.57% 35.21%

CRTVX - Expenses

Operational Fees

CRTVX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.81% 0.06% 7.81% 58.78%
Management Fee 0.60% 0.00% 1.25% 87.32%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.70% N/A

Sales Fees

CRTVX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 1.00% 5.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

CRTVX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee 2.00% 0.00% 2.00% 50.00%

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.

CRTVX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover N/A 2.00% 380.00% N/A

CRTVX - Distributions

Dividend Yield Analysis

CRTVX Category Low Category High CRTVX % Rank
Dividend Yield 0.30% 0.00% 7.99% 97.19%

Dividend Distribution Analysis

CRTVX Category Low Category High Category Mod
Dividend Distribution Frequency Quarterly SemiAnnual Monthly Monthly

Net Income Ratio Analysis

CRTVX Category Low Category High CRTVX % Rank
Net Income Ratio N/A -1.22% 6.83% N/A

Capital Gain Distribution Analysis

CRTVX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Semi-Monthly Annually

Distributions History

View More +

CRTVX - Fund Manager Analysis

Managers

Steven Voorhis


Start Date

Tenure

Tenure Rank

Dec 03, 2021

0.49

0.5%

Mr. Voorhis received his B.A. and M.A. degrees from Stanford University in 1992 and his M.B.A from the Harvard Business School in 1996. Prior to graduate school, he worked at Goldman Sachs as a financial analyst. He joined Dodge & Cox in 1996. Mr. Voorhis is a shareholder of the firm and a CFA charterholder.

Jeffrey Prestine


Start Date

Tenure

Tenure Rank

Dec 03, 2021

0.49

0.5%

Jeffrey Prestine is a partner and has 22 years of investment experience. He serves as a portfolio manager/analyst and is a member of the investment team. Before joining Mar Vista Investment Partners in January 2009, he was an analyst covering technology and energy stocks at Roxbury Capital Management. Jeff joined Roxbury from Seneca Capital Management, where he was a technology and energy analyst for more than five years. He began his career in finance at Prudential Securities as an associate analyst covering enterprise software companies. Prior to entering the investment industry in 1999, Jeff was a senior consultant with Arthur Anderson Business Consulting. Jeff earned his undergraduate degree at the University of Colorado at Boulder and has an M.B.A. from the University of Southern California.

Karim Fakhry


Start Date

Tenure

Tenure Rank

Dec 03, 2021

0.49

0.5%

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.

Joshua Honeycutt


Start Date

Tenure

Tenure Rank

Dec 03, 2021

0.49

0.5%

Joshua Honeycutt, CFA, is a partner and has 21 years of investment experience. He serves as a portfolio manager/analyst and is a member of the investment team. Before joining Mar Vista Investment Partners in January 2009, he spent seven years as an analyst at Roxbury Capital Management with a special emphasis in covering consumer discretionary and retail stocks. Josh was also an analyst with Harvey & Company, covering mergers and acquisitions and an associate in forensic accounting at Tucker Alan. He has a B.S. with distinction in management/finance from Purdue University.

Karol Marcin


Start Date

Tenure

Tenure Rank

Dec 03, 2021

0.49

0.5%

Mr. Marcin received his B.A. (summa cum laude) from Whitman College in 1995 and his M.B.A. from the Stanford Graduate School of Business in 2000. Prior to entering graduate school, he worked for three years as a financial analyst with Salomon Brothers. Mr. Marcin joined Dodge & Cox in 2000. Mr. Marcin is a shareholder of the firm and a CFA charterholder.

Philippe Barret


Start Date

Tenure

Tenure Rank

Dec 03, 2021

0.49

0.5%

Mr. Barret received his B.A. degree (magna cum laude) from Washington and Lee University in 1998 and his M.B.A degree from the Stanford Graduate School of Business in 2004. Between degrees, he worked as a financial analyst at JP Morgan and American Securities Capital Partners, LLC. Mr. Barret joined Dodge & Cox in 2004. He is a shareholder of the firm and a CFA charterholder.

Kathleen McCarthy


Start Date

Tenure

Tenure Rank

Dec 03, 2021

0.49

0.5%

Ms. McCarthy received her B.A. degree in Economics from Stanford University in 2001 and her M.B.A. degree from the Stanford Graduate School of Business in 2007. Prior to graduate school, she worked at Merrill Lynch and Palladium Equity Partners. Ms. McCarthy joined Dodge & Cox in 2007 and is a shareholder of the firm and a CFA charterholder.

Benjamin Garosi


Start Date

Tenure

Tenure Rank

Dec 03, 2021

0.49

0.5%

Mr. Garosi received his B.A. degree (Phi Beta Kappa) in Economics from the University of California, Berkeley in 2002 and his M.B.A. degree from the Harvard Business School in 2009. Prior to graduate school, he worked as a private equity associate at Blum Capital Partners and as an analyst in investment banking at Goldman Sachs. Mr. Garosi joined Dodge & Cox in 2009. Mr. Garosi is a CFA charterholder.

Timothy Manning


Start Date

Tenure

Tenure Rank

Dec 03, 2021

0.49

0.5%

Timothy Manning Equity Portfolio Manager, Senior Managing Director Education BS, Boston University, 1997 Professional Experience State Street, 1996 – 2000 John Hancock Financial Services, 2000 – 2002 RiverSource Investments, 2002 – 2007 Wellington Management, 2007 – Present

Tenure Analysis

Category Low Category High Category Average Category Mode
0.09 28.73 6.41 2.41