Catholic Responsible Investments Opportunistic Bond Fund Institutional Shares (CROSX)

Overview

The described entity is a fund that primarily focuses on investing in fixed income securities and other debt instruments. It commits at least 80% of its net assets, along with any borrowed funds for investment purposes, to this sector. A key strategy of the fund includes maintaining an investment flexibility, allowing up to 20% of its assets to be allocated towards debt securities that are considered below investment grade. The management of the fund demonstrates an active approach towards duration management, aligning the average weighted duration of its portfolio with that of the Bloomberg 1-5 Year Government Credit Index. This ensures that the portfolio's duration typically falls within a range of one-half years to five years, reflecting a balanced approach between risk and return on investments.

Products and Services

• Fixed Income Securities

  These securities represent the bulk of the fund's investments, with at least 80% of its net assets committed to them. Fixed income securities are essentially loans made by an investor to a borrower (typically corporate or governmental) which provide periodic payments and the return of the principal at maturity. This type of investment is sought after for its potential to generate steady income streams.

• Debt Instruments below Investment Grade

  Up to 20% of the fund’s assets may be invested in debt securities that are rated below investment grade, often referred to as "high-yield" or "junk" bonds. These are riskier than higher-rated securities but offer higher yields, making them an attractive option for investors willing to accept greater risk in exchange for potential increased returns.