CROVX Fees and Costs — Catholic Responsible Investments Opportunistic Bond Fund, Investor Shares
Data updated: 2026-09-29
The net expense ratio is 0.56%: a 0.35% management fee plus 0.22% other expenses, less a 0.01% fee waiver. This share class carries a redemption fee of 2.00%. In fiscal 2025 the fund paid $5K in broker commissions, 0.0007% of average net assets, and portfolio turnover was 160%.
CROVX Fees and Expenses
Annual operating expenses and sales charges of CROVX. Prospectus, as of June 30, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.35% |
| 12b-1 fee | — |
| Other expenses | 0.22% |
| Gross expense ratio | 0.57% |
| Fee waiver | −0.01% |
| Net expense ratio | 0.56% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | 2.00% |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
CROVX Costs Over Time
On $10,000 invested in CROVX, assuming 5% a year before costs, total costs come to $354 over 5 years, cutting the return by 0.59% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Fund expenses (net expense ratio 0.56%) | $59 | $184 | $321 |
| Trading costs (broker commissions) | $0 | $0 | $0 |
| Lost growth on money paid in costs | $0 | $9 | $32 |
| Total costs | $59 | $194 | $354 |
| Value after costs | $10,441 | $11,383 | $12,409 |
| Impact on return, per year | 0.59% | 0.59% | 0.59% |
CROVX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending October 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0007%
- Total broker commissions: $5K
- Bought from dealers (principal trades, not a cost): $2.1B
- Portfolio turnover (prospectus): 160%
- Securities on loan, average value: $538K
- Net income from securities lending: $8K (0.001% of average net assets)
CROVX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| CITIGROUP | $5K | 96.41% |
| MORGAN STANLEY & CO, INC | $190 | 3.59% |
CROVX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| CITADEL | $267.3M | 16.91% |
| BMO CAPITAL | $245.1M | 15.51% |
| J P MORGAN CHASE BANK | $208.7M | 13.20% |
| HSBC | $160.4M | 10.15% |
| CASTLEOAK SECURITIES | $158.4M | 10.02% |
| GOLDMAN, SACHS & CO. | $144.1M | 9.12% |
| CITIGROUP | $118.1M | 7.47% |
| MORGAN STANLEY & CO, INC | $102.8M | 6.51% |
| SANTANDER INVESTMENT SECURITIES INC. | $90.6M | 5.73% |
| BNP PARIBAS | $85.2M | 5.39% |
Catholic Responsible Investments Opportunistic Bond Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| CROSX | Institutional Shares | 0.41% | — |
| CROVX | Investor Shares | 0.56% | — |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.