Catholic Responsible Investments Opportunistic Bond Fund Institutional Shares CROSX

The investment seeks current income and to provide relatively low correlation to equity assets. Under normal circumstances, the fund invests at least 80% of its net assets, plus any borrowings for investment purposes, in fixed income securities and other debt instruments. The fund may invest up to 20% of its assets in debt securities that are rated below investment grade. The sub-advisers actively manage the duration of the fund and purchase securities such that the average weighted duration of the fund’s portfolio will typically be similar to the Bloomberg 1-5 Year Government Credit Index duration, generally ranging within one-half years to five years.