Fund Evaluator:
Catholic Rspnsbl Invst Ult Sht Bd Ins (CRHSX)
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Fund Details
Catholic Rspnsbl Invst Ult Sht Bd Ins Overview
Catholic Rspnsbl Invst Ult Sht Bd Ins (CRHSX) is an actively managed Taxable Bond Ultrashort Bond fund. Catholic Responsible Investments Funds launched the fund in 2021.
The investment seeks to provide current income consistent with the preservation of capital. Under normal circumstances, the fund invests at least 80% of its net assets (plus the amount of any borrowings for investment purposes) in investment grade U.S. dollar-denominated debt instruments. The adviser relies upon an investment sub-adviser to manage the fund’s portfolio under the general supervision of the adviser. The fund’s sub-adviser seeks attractively-valued securities that offer competitive yields and that are issued by issuers that are on a sound financial footing.
About Catholic Rspnsbl Invst Ult Sht Bd Ins (CRHSX)
There are 2 members of the management team with an average tenure of 3.35 years: Matt House (2021), 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 Bloomberg US Treasury Bill 1-3 M TR USD index with a weighting of 100%. Catholic Rspnsbl Invst Ult Sht Bd Ins has 153 securities in its portfolio. The top 10 holdings constitute 27.5% 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 Ult Sht Bd Ins is part of the Fixed Income global asset class and is within the Taxable Bond fund group. Catholic Rspnsbl Invst Ult Sht Bd Ins has 8.5% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 0.0%. There is 0.0% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 44.8% (36.3% domestic bond, 8.5% foreign bond and 0.0% convertible bond). Catholic Rspnsbl Invst Ult Sht Bd Ins has 55.2% of the portfolio in cash.
Assets Under Management
The fund has $90 million in total assets, which is below the $950 million average for the Ultrashort Bond 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.
CRHSX 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 Ult Sht Bd Ins expense ratio is below average compared to funds in the Ultrashort Bond category. Catholic Rspnsbl Invst Ult Sht Bd Ins has an expense ratio of 0.35%, which is 22% 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 Ult Sht Bd Ins has a portfolio turnover rate of 96%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 77% for the Ultrashort Bond category.
Recently, in the month of July 2026, Catholic Rspnsbl Invst Ult Sht Bd Ins returned 0.3%, which earned it a grade of D, as the Ultrashort Bond category had an average return of 0.3%. 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 Ult Sht Bd Ins has a trailing yield of 3.86%, which is below the 4.21% category average. The fund normally distributes its income monthly.
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 Ult Sht Bd Ins Grades
Year to date, the fund has returned 2.0%, 0.1 percentage points worse than the category, which translates into a grade of D. The fund has returned 3.8% over the past year (grade of F) and 4.6% over the past three years (grade of F).
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CRHSX Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| CRHSX Return (NAV) | 0.3% | 0.9% | 3.8% | 4.6% | na | na |
| CRHSX Grade | D | C | F | F | na | na |
| +/- Category | 0.0% | -0.0% | -0.3% | -0.6% | na | na |
| Ultrashort Bond Avg | 0.3% | 0.9% | 4.1% | 5.2% | 3.6% | 2.7% |
| CRHSX Tax Cost Ratio | na | na | 1.6% | 1.8% | na | na |
CRHSX Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| CRHSX Return (NAV) | 2.0% | 4.2% | 5.2% | 5.1% | 1.4% | na | na | na | na | na | na |
| CRHSX Grade | D | F | F | F | A | na | na | na | na | na | na |
| +/- Category | -0.1% | -0.6% | -0.6% | -0.9% | 1.5% | na | na | na | na | na | na |
| Ultrashort Bond Avg | 2.1% | 4.9% | 5.9% | 5.9% | -0.2% | 0.1% | 1.5% | 3.1% | 1.7% | 1.6% | 1.5% |
| Risk Measures | |
| Standard Deviation: | 0.3% |
| Total Risk Index: | 0.02 - Low |
| Category Risk Index: | 0.44 - Low |
| Category Risk Grade: | A (3% Rank) |
| Beta: | 0.00 |
| R-Squared: | 1% |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | na |
| Bond Investment Style: | na |
| Yield: | 3.9% |
| Dividend Distribution: | Monthly |
| Cap Gains Distribution: | |
| Total Assets: | $90 Mil |
| Fund Total Assets: | $ 90 Mil |
| Share Class Type: | Inst |
| Portfolio Turnover: | 96% |
Management Team
| Number of Managers: 2 | |||
| Longest Tenure: 4.7 years | |||
| Average Tenure: 3.4 years | |||
| Managers (Year): House Matt (2021), Digenan Thomas (2024) | |||
Portfolio Composition (as of 6/30/26)
| # of Holdings: | 153 |
| % in Top 10 Holdings: | 27.5% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 8.5% |
Portfolio Allocation |
|
| Domestic Stock: | 0.0% |
| Foreign Stock: | 0.0% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 36.3% |
| Foreign Bond: | 8.5% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 55.2% |
Purchase Information
| Fund Family: | Catholic Responsible Investments Funds |
| Phone Number: | 866-348-6466 |
| Website: |
| Status: | Open |
| Inception Date: | December 3, 2021 |
| Min. Initial Purchase: | $5,000 |
| Min. Initial IRA Purchase: | $ 0 |
| True No-Load: | Yes |
| Front Load Maximum: | 0.00% |
| Deferred Charge Maximum: | 0.00% |
| Redemption Charge Maximum: | 0.00% |
| 12b-1 Fee: | na |
Expenses and Fees | |
| Expense Ratio (%): | 0.35% ( Rating : Below Avg ) |
| Category Average Expense Ratio (%): | 0.45% |
| Share Class: | Catholic Rspnsbl Invst Ult Sht Bd Ins |
| Min. Subsequent Purchase: | $ 0 |
| Min. Subsequent IRA Purchase: | $ 0 |
