Catholic Responsible Invst Opp Bd Ins CROSX

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.