FAQ: Catholic Values Funds for Individual Investors

May 23, 2017

SEI Catholic Values Funds seek to make investment decisions on a range of social and moral concerns that align with Catholic values.

By relying on the principles contained in the United States Conference of Catholic Bishops’ Socially Responsible Investing Guidelines (Guidelines), SEI Catholic Values Funds seek to make investment decisions consistent with the principles of the Catholic Church. Our Catholic Values Funds are available to individuals looking to invest through a Fidelity Brokerage account.

Here are a few of the most commonly asked questions we receive about these Funds.

Legal Note

Note: The Funds are not authorized or sponsored by the Roman Catholic Church and the United States Conference of Catholic Bishops has not endorsed SEI Investments Management Corporation (SIMC), its investment management activities and/or the Funds.

What is socially responsible investing?

Socially responsible investing enables investors to prioritize values in the investment process by aligning your convictions with the social, environmental and corporate morals of the companies that comprise your portfolios. The key benefit of socially responsible investing centers on the opportunity it gives you to incorporate your principles into investment decisions, while indirectly promoting corporate responsibility among companies.

How specifically are SEI Catholic Values Funds aligned with Catholic values?
 

You can incorporate your principles into your investment decisions.

SEI Catholic Values Funds seek to make investment decisions on a range of social and moral concerns that may include: protecting human life; promoting human dignity; reducing arms production; pursuing economic justice; protecting the environment; and encouraging corporate responsibility. Potential investments for the Funds are first selected for financial soundness and then evaluated according to the Funds’ social criteria.

What specific types of funds does SEI offer?

SEI offers two types of Catholic Values Funds:

  1. The Catholic Values Equity Fund, which seeks to provide long-term capital appreciation through investment in common stocks and other equity securities, which may include preferred stocks, warrants, participation notes and depositary receipts
  2. The Catholic Values Fixed Income Fund, which invests in corporate bonds and securities issued or guaranteed by the U.S. Government, which are supported by the full faith and credit of the U.S. Government, or one of its agencies or instrumentalities which are supported by the right of the issuer to borrow from the U.S. Treasury

Is there a minimum investment?

SEI Catholic Values Funds are available to individual investors through a Fidelity brokerage account.

The funds are available to individual investors through a Fidelity brokerage account, which requires a $2500 minimum total investment. The minimum investment in each of the SEI Catholic Values Funds is $500.

How do I invest in these funds?

You can invest in these funds by calling 1-866-680-8027 or you can open an account with Fidelity by visiting its website. Once an account is opened, you can find the SEI Catholic Value Funds by searching on the ticker symbols CAVAX (Catholic Values Equity Fund) and CFVAX (Catholic Values Fixed Income Fund).

How can I obtain prospectuses for these funds?

Prospectuses for the SEI Catholic Values Equity Fund and SEI Catholic Values Fixed Income Fund are available through this link (PDF).

Check the background of SIDCO on FINRA’s BrokerCheck.

Legal Note

Important Information: This information should not be relied upon by the reader as research or investment advice. This information is for educational purposes only and should not be interpreted as legal opinion or advice.

For those SEI Funds which employ the ‘manager of managers’ structure, SEI Investments Management Corporation (SIMC) has ultimate responsibility for the investment performance of the Funds due to its responsibility to oversee the sub-advisers and recommend their hiring, termination and replacement.

SEI Investments Management Corporation (SIMC) is the adviser to the SEI funds, which are distributed by SEI Investments Distribution Co (SIDCo). SIMC and SIDCo are wholly owned subsidiaries of SEI Investments Company. Brokerage services are provided by Fidelity Brokerage Services LLC. Neither SEI Investments Company nor any of its subsidiaries is affiliated with Fidelity Brokerage Services LLC.

There are risks involved with investing, including loss of principal. International investments may involve risk of capital loss from unfavorable fluctuation in currency values, from differences in generally accepted accounting principles or from economic or political instability in other nations. Bonds and bond funds will decrease in value as interest rates rise. High yield bonds involve greater risks of default or downgrade and are more volatile than investment grade securities, due to the speculative nature of their investments. The Fund considers the Guidelines in its investment process and may choose not to purchase, or may sell, otherwise profitable investments in companies which have been identified as being in conflict with the Guidelines. This means that the Fund may underperform other similar mutual funds that do not consider the Guidelines when making investment decisions.

To determine if the Funds are an appropriate investment for you, carefully consider the investment objectives, risk factors and charges and expenses before investing. This and other information can be found in the Funds’ summary and full prospectuses, which may be obtained by calling 1-800-DIAL-SEI. Read it carefully before investing.