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Christian Brothers Investment Services, Inc.

PRI reporting framework 2018

You are in Organisational Overview » Basic information

Basic information

OO 01. Signatory category and services

01.1. Select the services and funds you offer

% of assets under management (AUM) in ranges

Further options for investment managers (may be selected in addition to the above)

01.3. Additional information. [Optional]

 

 


OO 02. Headquarters and operational countries

02.1. Select the location of your organisation’s headquarters.

United States

02.2. Indicate the number of countries in which you have offices (including your headquarters).

02.3. Indicate the approximate number of staff in your organisation in full-time equivalents (FTE).

56 FTE

02.4. Additional information. [Optional]

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.


OO 03. Subsidiaries that are separate PRI signatories

03.1. Indicate whether you have subsidiaries within your organisation that are also PRI signatories in their own right.

03.3. Additional information. [Optional]


OO 04. Reporting year and AUM

04.1. Indicate the year end date for your reporting year.

31/12/2017

04.2. Indicate your total AUM at the end of your reporting year, Exclude subsidiaries you have chosen not to report on and any advisory/execution only assets.

Total AUM
trillions billions millions thousands hundreds
Currency
Assets in USD
trillions billions millions thousands hundreds

04.4. Indicate the total assets at the end of your reporting year subject to an execution and/or advisory approach.

Total AUM
trillions billions millions thousands hundreds
Currency
Assets in USD
trillions billions millions thousands hundreds

04.5. Additional information. [Optional]

CBIS manages approx $7.4 billion USD in assets for more than 600 Catholic organizations worldwide.

CBIS does not currently track assets that are advisory in nature, but $662 million USD were in Separately Managed Accounts at year-end 2017.


OO 06. How would you like to disclose your asset class mix

New selection options have been added to this indicator. Please review your prefilled responses carefully.

06.1. Select how you would like to disclose your asset class mix.

Internally managed (%)
Externally managed (%)

 

Listed equity 0 0 >50% 64.2
Fixed income 0 0 10-50% 35.8
Private equity 0 0 0 0
Property 0 0 0 0
Infrastructure 0 0 0 0
Commodities 0 0 0 0
Hedge funds 0 0 0 0
Forestry 0 0 0 0
Farmland 0 0 0 0
Inclusive finance 0 0 0 0
Cash 0 0 0 0
Other (1), specify 0 0 0 0
Other (2), specify 0 0 0 0

06.2. Publish asset class mix as per attached image [Optional].

06.3. Provide contextual information on your AUM asset class split. [Optional]

Cash is included in our fixed income funds; it is not managed as a separate asset class; but CBIS had one money market fund, the CUIT Money Market fund, with $60 million USD in assets during 2017.


OO 07. Fixed income AUM breakdown

07.1. Provide to the nearest 5% the percentage breakdown of your Fixed Income AUM at the end of your reporting year, using the following categories.

Externally managed
40 SSA
15 Corporate (financial)
20 Corporate (non-financial)
25 Securitised

OO 08. Segregated mandates or pooled funds

New selection options have been added to this indicator. Please review your prefilled responses carefully.
Provide a breakdown of your organisation’s externally managed assets between segregated mandates and pooled funds.
[a] Listed equity
100%
[b] Fixed income - SSA
100%
[c] Fixed income – Corporate (financial)
100%
[d] Fixed income – Corporate (non-financial)
100%
[e] Fixed income – Securitised
100%
Asset class breakdown Segregated mandate(s) Pooled fund(s) Total of the asset class(each row adds up to 100%)

08.2. Additional information. [Optional]


OO 09. Breakdown of AUM by market

09.1. Indicate the breakdown of your organisation’s AUM by market.

  Developed Markets
  Emerging, Frontier and Other Markets
Total100%

09.2. Additional information. [Optional]


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