Christian Brothers Investment Services, Inc. (“CBIS”) is a for-profit, SEC-registered investment adviser founded in 1981 and owned by the De La Salle Christian Brothers, a religious teaching congregation within the Catholic Church. The firm is incorporated in the United States in the state of Illinois and has offices in New York, Chicago, and San Francisco; its subsidiary, CBIS Global S.r.L., has an office in Rome.
CBIS is a manager of managers: that is, we engage third-party institutional investment firms to actively sub-advise the assets in our portfolios. We offer two product lines: Catholic United Investment Trust (CUIT) and CBIS Global Funds plc, for Catholic institutions in select countries around the world.
CUIT was founded in 1983 as a not-for-profit trust with an independent Board of Trustees. In 2012, it was re-organized as a Delaware statutory trust and merged with the Religious Communities Trust. Investment in any CUIT Fund is restricted to United States-domiciled Catholic institutions listed or eligible to be listed in the Kenedy Official Catholic Directory.
CBIS Global Funds plc is an umbrella fund with segregated liability between sub-funds pursuant to the European Communities (Undertakings for Collective Investment in Transferable Securities) Regulations, 2011 (as amended), established as an open-ended, variable capital investment company incorporated as a public limited company under the laws in Ireland. CBIS Global Funds plc is offered primarily to Catholic institutional investors outside of the United States, and is overseen by an independent Board of Directors.
CBIS has two wholly-owned subsidiaries, CBIS Financial Services, Inc. and CBIS Global S.r.L.
CBIS Financial Services, Inc. is a broker-dealer and FINRA member that primarily acts in that capacity in connection with the offer and sale of interests in CUIT.
CBIS Global S.r.L. is headquartered in Rome, Italy. CBIS Global S.r.L. provides services to the investors in CBIS Global Funds plc.
As of December 31, 2017, CBIS, including its subsidiaries, had a total staff of 56 full-time equivalent individuals. This number includes 46 CBIS employees, 3 full-time consultants, 4 subsidiary staff members, and 3 vacant positions.