Investment Objectives

To provide a return (after fees and expenses) that exceeds CPI increases by at least 3% pa measured over rolling three and five year periods and invest in accordance with the CCIIM Catholic Values Investment Policy.

Investor Profile

The Trust is for investors seeking a socially responsible approach to investing based on the application of Catholic Values to investment decisions without sacrificing investment returns. Investment returns will fluctuate, with the possibility of a negative return in some periods. The Trust should be viewed as an investment with a long-term investment horizon i.e. for at least five years. The Catholic Values Trust has a greater weighting towards defensive assets than that of the Growth and Balanced Trusts, and therefore carries with it a lower risk profile.

Investment Policy

Using CCIIM’s manager of managers approach by investing the Trust assets with a panel of specialist managers chosen for their complementary investment styles consistent with the CCIIM investment strategy. The long term average exposure to growth and defensive assets is expected to be 65% and 35% respectively of the total portfolio. Investments must qualify on investment fundamentals and are then screened for compliance with our Catholic Values Trust Investment Policy. This is achieved by applying negative, positive and neutral screens, based on the application of Catholic Values.

The assets of the Trust may be invested directly or via existing wholesale unlisted trusts. Therefore given the myriad of operational activities within large companies, the application of the policy is on a ‘best fit’ basis and some restricted activities may be permitted if they are within the materiality threshold outlined in the Catholic Values Trust Investment Policy.

 Catholic Values Trust Investment Policy (PDF 115 KB)

A copy of the Catholic Values Trust Investment Policy can also be obtained by contacting CCIIM.

Advisory Committee

CCIIM has established a Catholic Values Trust Advisory Committee, which will maintain awareness on Socially Responsible Investment in relation to Catholic values and the extent to which these are reflected in the CCIIM Catholic Values Trust Investment Policies.

The committee is advisory and is conducted in line with it’s Terms of Reference. Members will be appointed by the Board of CCIIM.

Fund Managers (as at 30 November 2011)

• Australian Shares
• Perennial Investment Partners
• AMP Capital Investors
• Overseas Shares
• AMP Capital Investors
• One Path
• Diversified Alternatives
• AQR Capital Management
• Fixed Interest
• Macquarie Investment Management
• Perpetual Investment Management
• PIMCO Australia Pty Ltd