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Christian Brothers Investment Services, Inc.

PRI reporting framework 2017

You are in Indirect – Manager Selection, Appointment and Monitoring » Appointment

Appointment

SAM 07.1. Appointment processes (listed equity/fixed income)

07.1. Indicate if in the majority of cases and where the structure of the product allows, your organisation does any of the following as part of the manager appointment


SAM 07.2-5. Appointment processes (listed equity/fixed income)

07.2. Provide an example per asset class of your benchmarks, objectives, incentives/controls and reporting requirements that would typically be included in your managers’ appointment.

Asset class

Benchmark

          S&P 500 for CUIT Core Equity Fund
        

Objectives

          See proxy voting guidelines: http://cbisonline.com/us/wp-content/uploads/sites/2/2017/03/CBIS_Proxy-spreads_final_links.pdf
        
          See http://cbisonline.com/us/wp-content/uploads/sites/2/2016/03/CBIS_PROGRESS_REPORT_MAR_10.pdf
        
          Investment is specifically prohibited in companies noted on the CBIS Prohibited Company Report, as directed from time-to-time by CBIS, pursuant to the terms of the CBIS Sub-Adviser Agreement with asset management companies. CBIS reserves the right to direct the Sub-Adviser to liquidate companies held in the Portfolio in accordance with CBIS’ policy as detailed in its publication “CBIS & Catholic Responsible Investing” (http://cbisonline.com/us/wp-content/uploads/sites/2/2014/06/CRI_POSITIONING_JAN_14_16.pdf). The Sub-Adviser shall be afforded a reasonable period to affect any liquidation required hereunder; pursuant to instructions or as a company is added to the CBIS Prohibited Company Report, so as to minimize the market impact on the Portfolio. See also: http://cbisonline.com/us/wp-content/uploads/sites/2/2015/05/SCREENING_brief_final.pdf
        
          Equity passive
        

Incentives and controls

Reporting requirements

Benchmark

          Bloomberg Barclays US Aggregate for the IDBF Bond Fund
        

Objectives

          Investment is specifically prohibited in companies noted on the CBIS Prohibited Company Report, as directed from time-to-time by CBIS, pursuant to the terms of the CBIS Sub-Adviser Agreement with asset management companies. CBIS reserves the right to direct the Sub-Adviser to liquidate companies held in the Portfolio in accordance with CBIS’ policy, as detailed in its publication “CBIS & Catholic Responsible Investing” (http://cbisonline.com/us/wp-content/uploads/sites/2/2014/06/CRI_POSITIONING_JAN_14_16.pdf). The Sub-Adviser shall be afforded a reasonable period to affect any liquidation required hereunder; pursuant to instructions or as a company is added to the CBIS Prohibited Company Report, so as to minimize the market impact on the Portfolio. See also: http://cbisonline.com/us/wp-content/uploads/sites/2/2015/05/SCREENING_brief_final.pdf
        
          Core Bond
        

Incentives and controls

Reporting requirements

07.3. Explain how your organisation evaluates the reporting capacity of the manager to meet your reporting requirements during the selection process

Agree upon ESG reporting requirements

Review ESG reporting processes and capacity in place

Agree processes for raising ad-hoc ESG issues

Other, specify

None of the above

LE

FI - SSA
FI - Corporate (financial)?
FI - Corporate (non-financial)?
FI - Securitised?
Agree upon ESG reporting requirements
Review ESG reporting processes and capacity in place
Agree processes for raising ad-hoc ESG issues
Other, specify
None of the above

If you select any 'Other' option(s), specify

07.4. Explain which of these actions your organisation might take if any of the requirements are not met

07.5. Provide additional information relevant to your organisation's appointment processes of external managers. [OPTIONAL]

          
        

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