Catholic Values International Equity

Strategy Characteristics:

InceptionMarch 29, 2019
BenchmarkMSCI ACWI ex-U.S.
Position Size5% Maximum
Holdings45 –65
Active Share>90%
Sector+/-5%
Region+/-5%
Top 10 Holdings20%-30%
Market CapMulti (Large & Mid)
Tracking Error3%–5%
Beta~1.0
StyleCore

Portfolio Management

Ivka Kalus

Ivka Kalus - Founder, CIO, Portfolio Manager

Diversified international investing with strong ESG characteristics

Investment Strategy

The strategy utilizes a sector and region neutral risk-controlled framework that seeks to provide long-term capital appreciation and excess returns relative to the MSCI ACWI ex U.S. Index while aligning with the values of the Catholic Church. The portfolio invests in companies that exhibit attractive risk/return profiles and favorable ESG characteristics. Intentional Catholic values-based themes are incorporated into the portfolio through the research process.

Catholic Values Incorporated in the Portfolio

Climate Themes

Diversity & InclusionEnvironmental CareHuman Rights Protection
Gender and inclusion policies
Women in leadership
GHG emissions mitigation
Renewable energy
Water conservation
Value & preservation of human life
Protect community health
Diversity & InclusionEvnironmental Care

Human Rights Protection

Catholic Values Profile

PortfolioBenchmark
% holdings with environmental rank >50161%47%
Median Environmental Rank Score16546
Weighted avg % of women on boards35%18%

Source: Bloomberg

1Based on RobecoSAM Environmental score.


All data as of June 30, 2019 unless otherwise noted.

Regional Allocation (%)Top Ten Holdings (%) As of 08/31/2019
Regional Allocation Graph
ITOCHU CORP2.6
ORIX CORP2.6
NICE LTD - SPON ADR2.4
MEDIBANK PRIVATE LTD2.3
NIPPON TELEGRAPH & TELEPHONE2.3
ENEL SPA2.2
TEMENOS AG - REG2.2
PING AN INSURANCE-ADR2.2
CHINA CONSTRUCTION BANK2.2
WEICHAI POWER CO LTD2.2
TOTAL23.1
Sector Allocation (%) As of 08/31/2019
Sector Allocation Graph

Risk/Return Measures

PortfolioBenchmark
Beta20.99-
Tracking Error23.20%-
Sharpe Ratio20.540.21
Information Ratio20.76-
Maximum Drawdown3-17%-19%
Upside/ Downside2103% / 85%-

2Feb 27, 2015 - Mar 29, 2019

3Maximum drawdown period was from Feb 1, 2018 – Dec 31, 2018. Source: Morningstar

Respect, Diversity, Intellectual Curiosity & Rigor, Objectivity and Humility

Composite performance figures based on:
Mutual fund KCIIX Feb 2015 – March 2019; Separate account March 2019 – June 2019

Contact Phone

(617) 535-9240

Promethos Capital

BOSTON/NEW YORK/TORONTO