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Trending ETFs

Name

As of 09/28/2023

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

$9.08

$441 M

1.83%

$0.17

0.37%

Vitals

YTD Return

6.6%

1 yr return

11.8%

3 Yr Avg Return

N/A

5 Yr Avg Return

N/A

Net Assets

$441 M

Holdings in Top 10

100.0%

52 WEEK LOW AND HIGH

$9.0
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.37%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover N/A

Redemption Fee 0.00%


Min Investment

Standard (Taxable)

$1,500,000

IRA

N/A


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 09/28/2023

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

$9.08

$441 M

1.83%

$0.17

0.37%

CMMSX - Profile

Distributions

  • YTD Total Return 6.6%
  • 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 1.8%
  • Dividend Distribution Frequency Annual

Fund Details

  • Legal Name
    CATHOLIC RESPONSIBLE INVESTMENTS MAGNUS 60/40 BETA PLUS FUND
  • Fund Family Name
    Catholic Responsible Investments Funds
  • Inception Date
    Jul 02, 2018
  • Shares Outstanding
    27940076
  • Share Class
    Inst
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    John Geissinger

Fund Description

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. The portfolios of the Magnus 60/40 Beta Plus Fund and the Magnus 60/40 Alpha Plus Fund reflect the same allocation to stocks and fixed-income securities, but the Magnus 60/40 Beta Plus Fund is more heavily allocated to Underlying Funds that use a “passive” management strategy, and the Magnus 60/40 Alpha Plus Fund is more heavily allocated to Underlying Funds that use an “active” management strategy. Under normal circumstances, the Fund does not make direct investments into assets other than the underlying Catholic Responsible Investments Funds indicated in the chart below, government securities and short-term paper.

The following table indicates the fund’s neutral mix; that is, how the fund’s investments generally will be allocated among the major asset classes over the long term. The table also shows the neutral weightings of each underlying fund currently being used within the various asset classes. This information is as of the date of this prospectus.

Equity Securities (Stock Funds)

60.00%

Fixed-Income Securities (Bond Funds)

40.00%

Catholic Responsible Investments Equity Index Fund

39.00%

Catholic Responsible Investments Ultra Short Bond Fund

0.00%

Catholic Responsible Investments Multi-Style US Equity Fund

0.00%

Catholic Responsible Investments Short Duration Bond Fund

10.00%

Catholic Responsible Investments International Equity Fund

12.00%

Catholic Responsible Investments Opportunistic Bond Fund

10.00%

Catholic Responsible Investments Small-Cap Fund

6.00%

Catholic Responsible Investments Bond Fund

20.00%

Catholic Responsible Investments International Small-Cap Fund

3.00%

The Adviser regularly reviews the Fund and may make changes to the Fund’s asset class allocations that deviate from the neutral mix to emphasize investments that the Adviser believes will provide the most favorable outlook for achieving the Fund’s long-term objective. The Fund may also deviate from the neutral mix due to differences in asset class performance or prevailing market conditions. To do this, the Adviser will rely on the experience of its investment personnel and its evaluation of the overall financial markets, including, but not limited to, information about the economy, interest rates, and the long-term absolute and relative returns of various asset classes. Consideration will also be given to the investment styles of the managers of the Underlying Funds and their historic patterns of performance relative to their asset class and to other Underlying Funds. Under normal circumstances, however, the Fund will not deviate more than 2.5% from its targeted allocation of Underlying Funds.

The following table shows the Fund’s target asset class allocations generally. Under normal circumstances, the Fund’s general target asset class allocations may vary up to 5% in either direction.

Equity Securities (Stock Funds)

Fixed-Income Securities (Bond Funds)

Target Allocation

60.00%

40.00%

Permissible Range

55-65%

35-45%

Catholic Responsible Investing

The Fund, through its investments in the Underlying Funds, 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 an underlying 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 an Underlying Fund’s ability to achieve its investment objective, and consequently does not anticipate this reduction to have a material impact on the Fund’s ability to achieve its investment objective. With respect to the Underlying Funds that the Fund may invest in, 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 (and an underlying Fund’s 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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CMMSX - Performance

Return Ranking - Trailing

Period CMMSX Return Category Return Low Category Return High Rank in Category (%)
YTD 6.6% -6.7% 24.0% 17.83%
1 Yr 11.8% -21.2% 32.0% 44.44%
3 Yr N/A* -9.6% 9.6% 21.43%
5 Yr N/A* -10.6% 6.0% N/A
10 Yr N/A* -6.2% 5.4% N/A

* Annualized

Return Ranking - Calendar

Period CMMSX Return Category Return Low Category Return High Rank in Category (%)
2022 N/A -34.7% 1.1% N/A
2021 N/A -11.9% 19.5% N/A
2020 N/A -20.9% 39.7% N/A
2019 N/A 0.8% 25.7% N/A
2018 N/A -48.9% -1.0% N/A

Total Return Ranking - Trailing

Period CMMSX Return Category Return Low Category Return High Rank in Category (%)
YTD 6.6% -3.3% 24.0% 17.83%
1 Yr 11.8% -9.8% 26.8% 44.44%
3 Yr N/A* -1.8% 16.9% 19.13%
5 Yr N/A* -3.3% 10.2% N/A
10 Yr N/A* 0.3% 10.8% N/A

* Annualized

Total Return Ranking - Calendar

Period CMMSX Return Category Return Low Category Return High Rank in Category (%)
2022 N/A -29.0% 10.9% N/A
2021 N/A -2.7% 27.3% N/A
2020 N/A -19.5% 40.6% N/A
2019 N/A 2.2% 32.7% N/A
2018 N/A -29.5% 2.3% N/A

NAV & Total Return History


CMMSX - Holdings

Concentration Analysis

CMMSX Category Low Category High CMMSX % Rank
Net Assets 441 M 415 K 159 B 65.68%
Number of Holdings 8 2 15351 95.92%
Net Assets in Top 10 405 M 660 K 48.5 B 51.90%
Weighting of Top 10 99.98% 8.4% 105.0% 7.74%

Top 10 Holdings

  1. CRI EQUITY INDEX FUND SECURITY FOR FOF PRICING 38.47%
  2. CRI BOND FUND SECURITY FOR FOF PRICING 19.82%
  3. CRI INTERNATIONAL FUND SECURITY FOR FOF PRICING 11.68%
  4. CRI SHORT DURATION BOND FUND 10.56%
  5. CRI OPPORTUNISTIC BOND FUND SECURITY FOR FOF PRICING 10.39%
  6. CRI SMALL-CAP FUND SECURITY FOR FOF PRICING 6.09%
  7. CRI INTERNATIONAL SMALL-CAP FUND SECURITY FOR FOF PRICING 2.91%
  8. BROWN BROTHERS HARRIMAN SWEEP INTEREST 0.06%

Asset Allocation

Weighting Return Low Return High CMMSX % Rank
Stocks
99.92% 0.00% 99.40% 10.73%
Cash
0.08% -16.75% 81.51% 83.02%
Preferred Stocks
0.00% 0.00% 27.92% 81.66%
Other
0.00% -2.51% 25.19% 71.60%
Convertible Bonds
0.00% 0.00% 23.84% N/A
Bonds
0.00% 0.00% 116.75% 89.54%

Stock Sector Breakdown

Weighting Return Low Return High CMMSX % Rank
Utilities
0.00% 0.00% 99.55% N/A
Technology
0.00% 0.00% 44.21% N/A
Real Estate
0.00% 0.00% 65.01% N/A
Industrials
0.00% 0.00% 24.37% N/A
Healthcare
0.00% 0.00% 29.35% N/A
Financial Services
0.00% 0.00% 38.77% N/A
Energy
0.00% 0.00% 85.65% N/A
Communication Services
0.00% 0.00% 23.67% N/A
Consumer Defense
0.00% 0.00% 19.93% N/A
Consumer Cyclical
0.00% 0.00% 19.36% N/A
Basic Materials
0.00% 0.00% 33.35% N/A

Stock Geographic Breakdown

Weighting Return Low Return High CMMSX % Rank
US
99.92% -1.65% 98.67% 10.73%
Non US
0.00% 0.00% 37.06% 83.83%

CMMSX - Expenses

Operational Fees

CMMSX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.37% 0.01% 17.63% 94.99%
Management Fee 0.00% 0.00% 1.83% 13.11%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.83% N/A

Sales Fees

CMMSX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.00% 5.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

CMMSX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee 0.00% 0.00% 2.00% 94.44%

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.

CMMSX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover N/A 0.00% 343.00% N/A

CMMSX - Distributions

Dividend Yield Analysis

CMMSX Category Low Category High CMMSX % Rank
Dividend Yield 1.83% 0.00% 7.72% 91.34%

Dividend Distribution Analysis

CMMSX Category Low Category High Category Mod
Dividend Distribution Frequency Annual Annually Monthly Annually

Net Income Ratio Analysis

CMMSX Category Low Category High CMMSX % Rank
Net Income Ratio N/A -2.34% 19.41% N/A

Capital Gain Distribution Analysis

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

Distributions History

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CMMSX - Fund Manager Analysis

Managers

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.

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.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 34.51 6.3 2.41