Catholic Responsible Investments Opportunistic Bond Fund Investor (CROVX)
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Catholic Responsible Investments Opportunistic Bond Fund Investor Profile
| NASDAQ Exchange | United States Country |
Overview
This fund is designed for investors seeking a balance between income and risk management. It primarily invests in fixed income securities and other debt instruments, allocating at least 80% of its net assets, along with any borrowings for investment purposes, into these assets. The fund maintains a diversified investment approach, keeping its portfolio's average weighted duration in line with the Bloomberg 1-5 Year Government Credit Index duration, generally ranging from half a year to five years. This strategy aims to mitigate interest rate risk while aiming for steady income. Additionally, it offers the flexibility to invest up to 20% of its assets in below-investment-grade debt securities, seeking higher yields while managing overall risk.
Products and Services
Key offerings include:
- Fixed Income Securities Investments - The fund predominantly invests in fixed income securities, focusing on stability and income generation. These securities are debt instruments issued by corporations or governments, offering investors regular interest payments plus the return of principal at maturity. This core investment forms the majority of the fund's portfolio, aiming to provide predictable income while preserving capital.
- High-Yield Debt Securities Allocation - Up to 20% of the fund's assets may be allocated to high-yield debts, also known as below-investment-grade bonds. These securities typically offer higher interest rates compared to investment-grade bonds, compensating for their higher risk of default. This allocation seeks to enhance the fund's overall yield, carefully balancing risk and return.
- Active Duration Management - The fund's sub-advisers actively manage its duration, purchasing securities that align with the Bloomberg 1-5 Year Government Credit Index's duration. This active management strategy aims to maintain the fund's portfolio duration within a range of half a year to five years, optimizing the balance between yield and interest rate risk.
