Catholic Investment Services (CIS) offers investment management advice and supervisory services to privately offered limited partnerships (private investment funds) and discretionary management services to certain other private entities (separately managed accounts). Clients must be members of CIS, which are organizations exempt from federal income taxes. CIS may hire other advisors and sub-advisors to manage client account assets.
Fee Structure
CIS generally charges separately managed account clients an advisory fee based on a percentage of the account's market value. The asset-based fees for separately managed accounts are generally equal to 0.15% per year of the accounts’ market value. Fees are negotiable under certain circumstances such as size and complexity of the account. CIS also manages several funds (CEF, CDSF, CGEF, CIF, CIF II, CIF III, and CVAF) and receives a management fee. With respect to CEF, CDSF and CGEF, CIS generally receives a management fee equal to 0.20% per year of the Fund’s net asset value. With respect to CIF, CIF II, CIF III, and CVAF, CIS generally receives a Management Fee equal to 0.35% per annum of the Fund’s aggregate subscriptions prior to the end of the investment period and 0.35% per annum of the Fund’s net invested capital after the investment period ends.