This "Mission in Focus" podcast—moderated by Tim Connors—featuring Jeff Rauenhorst in a fireside-style discussion highlighted the impactful work of the Catholic Climate Covenant and other uplifting endeavors. Timed to honor the 10-year anniversary of Laudato Si', this event explored how Catholic fiduciaries can support creation care through mission-aligned investment and energy stewardship. Jeff shared how the Covenant's Catholic Energies program is helping Catholic institutions reduce costs and emissions, and the discussion highlighted other hopeful innovations that reflect the Church's call to protect both people and the planet.

The information in this Communication is provided herein is provided for informational purposes only and does not constitute an offer or a solicitation to buy, hold, or sell an interest in any CIS Fund offering. Alternative investments in private equity and hedge funds are subject to substantial risks including the potential loss of principal. Fund interests are illiquid and should be considered speculative investments. Investors are encouraged to read the offerings documents for the fund offerings discussed in this presentation carefully before investing.

All data is sourced to Catholic Investment Services or other third-party sources and compiled by Catholic Investment Services. Information contained herein that has been obtained from third parties is believed to be reliable for the purposes for which it is used herein.

Opinions and general information provided herein, including guest speaker(s), are current to the date of this presentation and are subject to change without notice. There can be no guarantee that the funds will achieve their investment objectives. Past performance is not indicative of future results. Financial forecasts and investment returns in this letter may significantly differ from actual results. Certain information contained in this report constitutes "forward-looking statements," which can be identified by the use of forward-looking terminology such as "may," "will," "should," "expect," "anticipate," "target," "project," "estimate," "intend," "continue" or "believe," or the negatives thereof or other variations thereon or comparable terminology.

Furthermore, any projections or other estimates in this report, including estimates of returns or performance, are "forward-looking statements" and are based upon certain assumptions that may change. Due to various risks and uncertainties, actual events or results or the actual performance of the funds may differ materially from those reflected or contemplated in such forward-looking statements. Moreover, actual events are difficult to project and often depend upon factors that are beyond the control of the general partner of the relevant fund and its affiliates.

© 2025 Catholic Investment Services (CIS), a registered investment advisor, and all rights reserved.

Episode Resources

• Connect with Catholic Investment Services

• https://catholicinvest.org/about-us/

• https://catholicinvest.org/about-us/#board-of-trustees

• https://catholicinvest.org/contact-us/

• https://catholicinvest.org/cis-institute/

This podcast features Jack Brennan (Founding Chair, CIS, and Chairman Emeritus, The Vanguard Group) as he breaks down the fundamentals of investing in a straightforward manner, and shares insights on investment best practices, performance, and more.

The information in this Communication is provided herein is provided for informational purposes only and does not constitute an offer or a solicitation to buy, hold, or sell an interest in any CIS Fund offering. Alternative investments in private equity and hedge funds are subject to substantial risks including the potential loss of principal. Fund interests are illiquid and should be considered speculative investments. Investors are encouraged to read the offerings documents for the fund offerings discussed in this presentation carefully before investing.

All data is sourced to Catholic Investment Services or other third-party sources and compiled by Catholic Investment Services. Information contained herein that has been obtained from third parties is believed to be reliable for the purposes for which it is used herein.

Opinions and general information provided herein, including guest speaker(s), are current to the date of this presentation and are subject to change without notice. There can be no guarantee that the funds will achieve their investment objectives. Past performance is not indicative of future results. Financial forecasts and investment returns in this letter may significantly differ from actual results. Certain information contained in this report constitutes "forward-looking statements," which can be identified by the use of forward-looking terminology such as "may," "will," "should," "expect," "anticipate," "target," "project," "estimate," "intend," "continue" or "believe," or the negatives thereof or other variations thereon or comparable terminology.

Furthermore, any projections or other estimates in this report, including estimates of returns or performance, are "forward-looking statements" and are based upon certain assumptions that may change. Due to various risks and uncertainties, actual events or results or the actual performance of the funds may differ materially from those reflected or contemplated in such forward-looking statements. Moreover, actual events are difficult to project and often depend upon factors that are beyond the control of the general partner of the relevant fund and its affiliates.

© 2025 Catholic Investment Services (CIS), a registered investment advisor, and all rights reserved.

Episode Resources

• Connect with Catholic Investment Services

• https://catholicinvest.org/about-us/

• https://catholicinvest.org/about-us/#board-of-trustees

• https://catholicinvest.org/contact-us/

• https://catholicinvest.org/cis-institute/

This virtual coffee hour features Scott Malpass (CIS Co-Founder and Former CIO of the University of Notre Dame) Ed Grefenstette (President & CIO, The Dietrich Foundation), and Adam Berger (Senior Managing Director, Multi-Asset Strategist, and Portfolio Manager, Wellington Management) as they discuss the markets, outlook, and emerging opportunities.

Episode Resources

• Connect with Catholic Investment Services

• https://catholicinvest.org/about-us/

• https://catholicinvest.org/about-us/#board-of-trustees

• https://catholicinvest.org/contact-us/

• https://catholicinvest.org/cis-institute/

This podcast features Jack Brennan (Founding Chair, CIS and Chairman Emeritus, The Vanguard Group) and Joseph H. Davis, Ph.D. (Global Chief Economist and Global Head of the Investment Strategy Group, The Vanguard Group), as they provide insights on the macro and micro outlook for the new year, capital market trends, investment challenges, risks, and best practices for institutional investing.

Highlights

• Discussion on AI's impact on the global economy.
• Tariffs and their economic implications.
• Immigration's impact on labor force and economy.
• Concerns over structural deficits and bond yields.
• The value of diversification in global portfolios.
• Potential productivity growth from AI.
• The transformative potential of AI in various sectors.
• Predicted economic outcomes of AI integration.

Episode Resources

• Connect with Catholic Investment Services
• https://catholicinvest.org/about-us/
• https://catholicinvest.org/about-us/#board-of-trustees
• https://catholicinvest.org/contact-us/
• https://catholicinvest.org/cis-institute/

In this podcast, Paulita Pike, CIS Trustee and Managing Partner of Ropes & Gray, moderates a panel from our 2024 Symposium on What Keeps Us Up At Night. Panelists include Adam Berger, Senior Managing Director, Multi-Asset Strategist and Portfolio Manager at Wellington Management, Michelle Knight, CEO & Chief Economist at Ropes Wealth Partners, and Paul Schott Stevens, CIS Trustee and Retired CEO of the Investment Company Institute.

Highlights

• Interest rates and their impact on the economy.
• Discussion on role and independence of the Federal Reserve.
• Concerns over fiscal spending and budget deficit.
• Geopolitical risks and inflation concerns.
• Rising government debt and impact on future generations.
• Discussion on budget deficit and fiscal responsibility.
• Inflation and its effect on income inequality.
• Evaluation of equity valuations and potential bubbles.
• The complexities of AI and its contrasting impact.
• Personal story on AI's positive impact in healthcare.
• The need for thoughtful regulation of AI.

Episode Resources

• Connect with Catholic Investment Services
• https://catholicinvest.org/about-us/
• https://catholicinvest.org/about-us/#board-of-trustees
• https://catholicinvest.org/contact-us/
• https://catholicinvest.org/cis-institute/

In this keynote, Juhi Dhawan, Senior Managing Director, Partner and Macro Strategist at Wellington Management Company, discusses the optimism surrounding the US Economy's productivity trends as well as its debt.

Highlights

• Face-off between productivity and debt
• Fed's interest rate cut after four-and-a-half years
• Uneven U.S. economic expansion
• Election impact on U.S. economy
• Productivity trends and cost-cutting
• Immigration and its economic implications
• Importance of productivity in a tight labor market
• Long-term effects of AI adoption
• Industrial policy and U.S.–China relations
• Fiscal deficit concerns and election impact
• Risks of higher real interest rates
• Commercial real estate and interest rates
• Inflation risk and Fed policy balance

Episode Resources

• Connect with Catholic Investment Services
• https://catholicinvest.org/about-us/
• https://catholicinvest.org/about-us/#board-of-trustees
• https://catholicinvest.org/contact-us/
• https://catholicinvest.org/cis-institute/

This podcast features CIS Co-Founder and Chairman Emeritus of The Vanguard Group, Jack Brennan, and Ruchir Sharma, Chairman of Rockefeller International and Founder and Chief Investment Officer of Breakout Capital. The panelists discuss Ruchir Sharma's book titled: What Went Wrong with Capitalism.

Highlights

• Survey reveals young Americans favor socialism.
• Early American financial bailouts began in 1984.
• Regulation and risk-taking in financial sectors.
• The paradox of productivity amidst technological boom.
• Housing affordability as a generational issue.
• Impact of regulations on business dynamics.
• Capitalism's role in fostering economic freedom.
• Major themes of capitalism addressed.
• Continual cycles and potential market corrections.
• Rising prominence of private markets.
• Investor's role in capitalism's future.

Episode Resources

• Connect with Catholic Investment Services
• https://catholicinvest.org/about-us/
• https://catholicinvest.org/about-us/#board-of-trustees
• https://catholicinvest.org/contact-us/
• https://catholicinvest.org/cis-institute/

In this podcast, the panel discusses developments since the release of Mensuram Bonam a year ago. This webinar features CIS Board Chair and Founder Scott Malpass, Bernard Brenninkmeijer, Chairman of Porticus North America and a leading Catholic investor and philanthropist, Fr. Séamus Finn, OMI, Director of the Oblates' US Province Office of Justice, Peace, and Integrity of Creation, and Katie McCloskey, Vice President of Social Responsibility, Mercy Investment Services. The panel also discusses outcomes from the recent Mensuram Bonam Faith Consistent Investment Conference sponsored by the Vatican, where all panelists above participated as speakers.

Highlights

• Development of Mensuram Bonam and its goals
• The diverse regional perspectives and debates during the document's creation
• Mensuram Bonam's progression beyond USCCB guidelines and its wider application towards global perspectives
• How investor engagement strategies underpin impact
• Encouragement for smaller Catholic organizations to engage in dialogue about their investments in light of Monsurum Bonham
• How Mensuram Bonam and various Bishops Conferences address private capital and alternatives investing in terms of social responsibility
• The increasing interest among various faith-groups in integrating their faith and values into their financial and business operations

Episode Resources

• Connect with Catholic Investment Services
• https://catholicinvest.org/about-us/
• https://catholicinvest.org/about-us/#board-of-trustees
• https://catholicinvest.org/contact-us/
• https://catholicinvest.org/cis-institute/