Catholic Investment Trust
The Catholic Investment Trust (Trust), created July 2019, is an Ohio express charitable trust, registered as a tax-exempt entity with the IRS under the U.S. Catholic Conference of Bishops (USCCB) group ruling and which otherwise complies with canon law. The Trust was established for the specific purpose of holding unrestricted and restricted funds, to include endowment assets, of Diocesan parishes, schools, cemeteries, and other entities. The Catholic Investment Trust Committee, along with the Diocese Management Corporation (Administrator), and the Trustee collectively provide governance oversight of the Trust operations and funds held.
Primary features of the Trust:
- Safeguards trust funds by offering an unprecedented level of statutory asset protection
- Embraces the mission of the Catholic Church by providing investment options that comply with the USCCB’s socially responsible investment guidelines
- Establishes formal participant sub-trusts to segregate and protect assets
- Prohibits Diocese access to participant funds
- Offers considerable flexibility in investment and distribution policies, while facilitating compliance with any restrictions and limitations
- Allows for participant account investment diversification
- Provides support/guidance in creating the required charter and endowment documents
The Trust is supported by a professional investment advisor team and the Diocese Investment Committee to create a well-diversified portfolio that optimizes potential returns while limiting risk. A participant account can be allocated as aggressively or conservatively as desired to align with varying risk profiles and liquidity needs. Advisor, custodian, trustee, and administrator fees associated with this type structure can be as low as 53 basis points, to no more than 60 basis points, depending on the investment pool chosen.
In the following tabs there is a variety of investment and trust related information, as well as links to Trust forms and performance reports.
If you have questions or require more information, please feel free to contact the Diocese of Toledo Management Corporation:
1933 Spielbusch Avenue
Toledo, Ohio 43604-5360
Large Cap Equity: Stock holdings of companies with a market capitalization between $10 billion and $200 billion.
Mid Cap Equity: Stock holdings of companies with a market capitalization between $2 billion and $10 billion.
Small Cap Equity: Refers to stocks with a relatively small market capitalization. Generally it is a company with a market capitalization of between $300 million and $2 billion.
International Equity: Stock holdings in companies in developed markets outside North America.
Fixed Income: A debt investment with which the investor loans money to an entity (company or government) that borrows the funds for a defined period of time at a specified interest rate.
Market Capitalization: A measurement of corporate size that refers to the current stock price times the number of outstanding shares.
Standard Deviation: Standard deviation of return measures the average deviations of a return series from its mean, and is often used as a measure of risk. A large standard deviation implies that there have been large swings in the return series of the manager.
S&P 500 Index: This index consists of approximately 380 industrial, 40 utility, 10 transportation and 70 financial companies listed on the US market exchanges. It is a capitalization-weighted index (stock price times number of shares outstanding), calculated on a total return basis with dividend reinvested.
S&P 400 Index: The S&P MidCap 400 Index tracks a diverse basket of medium-sized U.S. firms. The stocks are chosen based on market capitalization, liquidity and industry representation.
Russell 2000 Index: The Russell 2000 is used to measure the performance of the 2000 smallest companies in the Russell 3000 index.
MSCI EAFE Index: A market capitalization-weighted index representing all of the MSCI developed markets outside North America. This index is created by aggregating the 20 different country indexes, all of which are created separately.
Lehman G/C Intermediate Index: All bonds by the Lehman Brothers Government/Corporate Bond index with maturities of one to 10 years..
* Annualized return information is calculated based on the data from October 1996 through September 2006.
** The blended benchmark return is comprised of S&P 500 index, S&P 400 index, Russell 2000 index, MSCI EAFE index, and the Lehman G/C Intermediate index.
An index is an imaginary portfolio of securities representing a particular market or a portion of it.
Each index has its own calculation methodology and is usually expressed in terms of a change from a base value.
It is not possible to invest in an index.
This information was prepared by or obtained from sources that the Diocese of Toledo believes to be reliable, but does not guarantee its accuracy. Past performance is not indicative of future results.
The following investment pools are offered by the Catholic Investment Trust. To learn more about our fund managers contact the Management Corporation office at 419.244.6711.
Quarterly Performance Summary