Fund Evaluator:

Catholic Rspnsbl Invst Mgns 45/55 Inv Overview

Catholic Rspnsbl Invst Mgns 45/55 Inv (CMNVX) is an actively managed Allocation Moderately Conservative Allocation fund. Catholic Responsible Investments Funds launched the fund in 2021.

The investment seeks to achieve current income and long-term capital appreciation. The fund is a “fund of funds,” meaning that it invests 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) in an amount equal to 45% of its assets and exposure to fixed-income securities in an amount equal to 55% of its assets.

About Catholic Rspnsbl Invst Mgns 45/55 Inv (CMNVX)

There are 1 members of the management team with an average tenure of 2.12 years: Thomas Digenan (2024). Management tenure is more important for actively managed funds than passive index funds.

The fund has 2 primary benchmarks: Bloomberg US Agg Bond TR USD index with a weighting of 100% and Russell 3000 TR USD index with a weighting of 100%. Catholic Rspnsbl Invst Mgns 45/55 Inv has 9 securities in its portfolio. The top 10 holdings constitute 99.6% of the fund’s assets. The fund meets the SEC requirement of being classified as a diversified fund. The fund is not considered to have an ESG focus with its investment selection and management.

Catholic Rspnsbl Invst Mgns 45/55 Inv is part of the Allocation global asset class and is within the Allocation fund group. Catholic Rspnsbl Invst Mgns 45/55 Inv has 16.9% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 34.1%. There is 10.7% allocated to foreign stock, and 0.1% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 53.4% (47.1% domestic bond, 6.2% foreign bond and 0.0% convertible bond). Catholic Rspnsbl Invst Mgns 45/55 Inv has 1.7% of the portfolio in cash.

Assets Under Management

The fund has $46 million in total assets, which is below the $561 million average for the Moderately Conservative Allocation category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.

CMNVX Performance and Fees

The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Catholic Rspnsbl Invst Mgns 45/55 Inv expense ratio is above average compared to funds in the Moderately Conservative Allocation category. Catholic Rspnsbl Invst Mgns 45/55 Inv has an expense ratio of 0.63%, which is 37% lower than its category average, making the fund expense ratio grade a B. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.

High portfolio turnover can translate to higher expenses and lower aftertax returns. Catholic Rspnsbl Invst Mgns 45/55 Inv has a portfolio turnover rate of 12%, indicating that holds its assets around 0.1 years. By way of comparison, the average portfolio turnover is 43% for the Moderately Conservative Allocation category.

Recently, in the month of August 2026, Catholic Rspnsbl Invst Mgns 45/55 Inv returned 1.1%, which earned it a grade of C, as the Moderately Conservative Allocation category had an average return of 1.3%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all funds in that category.

Catholic Rspnsbl Invst Mgns 45/55 Inv has a trailing yield of 2.48%, which is below the 3.29% category average. The fund normally distributes its income annually.

It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.

Catholic Rspnsbl Invst Mgns 45/55 Inv Grades

Year to date, the fund has returned 6.2%, 0.0 percentage points better than the category, which translates into a grade of C. The fund has returned 9.6% over the past year (grade of C) and 10.8% over the past three years (grade of B).

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