Catholic Responsible Investments Funds NCSRS Certified semi-annual shareholder report (management investment company)

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM N-CSRS

CERTIFIED SHAREHOLDER REPORT OF REGISTERED MANAGEMENT

INVESTMENT COMPANIES

Investment Company Act File Number 811-23718

Catholic Responsible Investments Funds

(Exact name of registrant as specified in charter)

One Freedom Valley Drive

Oaks, Pennsylvania 19456

(Address of principal executive offices) (Zip code)

Michael Beattie

c/o SEI Investments

One Freedom Valley Drive

Oaks, Pennsylvania 19456 (Name and address of agent for service)

Registrant’s telephone number, including area code: 1-866-348-6466

Date of fiscal year end: October 31, 2024

Date of reporting period: April 30, 2024

Item 1.

Reports to Stockholders.

(a)	A copy of the report transmitted to stockholders pursuant to Rule 30e-1 under the Investment Company Act of 1940, as amended (the “Act”) (17 CFR § 270.30e-1) is attached hereto.

LOGO

Catholic Responsible Investments Semi-Annual Report APRIL 30, 2024 CRI Ultra Short Bond Fund CRI International Equity Fund Institutional Shares: CRHSX Investor Shares: CRLVX CRI Short Duration Bond Fund Institutional Shares: CRLSX Institutional Shares: CRDSX CRI International Small-Cap Fund CRI Bond Fund Institutional Shares: CRNSX Investor Shares: CRBVX CRI Magnus 45/55 Fund Institutional Shares: CRBSX Investor Shares: CMNVX CRI Opportunistic Bond Fund Institutional Shares: CMNSX Investor Shares: CROVX CRI Magnus 60/40 Alpha Plus Fund Institutional Shares: CROSX Investor Shares: CMPVX CRI Equity Index Fund Institutional Shares: CMPSX Institutional Shares: CRQSX CRI Magnus 60/40 Beta Plus Fund Investor Shares: CMMVX CRI Small-Cap Fund Institutional Shares: CMMSX Institutional Shares: CRSSX CRI Magnus 75/25 Fund CRI Multi-Style US Equity Fund Investor Shares: CMUVX Investor Shares: CRTVX Institutional Shares: CMUSX Institutional Shares: CRTSX Investment Adviser: Christian Brothers Investment Services

CATHOLIC RESPONSIBLE INVESTMENTS

APRIL 30, 2024

TABLE OF CONTENTS



Schedules of Investments			1

Statements of Assets and Liabilities			92

Statements of Operations			95

Statements of Changes in Net Assets			98

Financial Highlights			105

Notes to Financial Statements			108

Disclosure of Fund Expenses			126

The Funds file their complete schedules of investments with the Securities and Exchange Commission (“SEC”) for the first and third quarters of each fiscal year as an exhibit to its reports on Form N-PORT. The Funds’ Form N-PORT reports are available on the SEC’s website at https://www.sec.gov, and may be reviewed and copied at the SEC’s Public Reference Room in Washington, DC. Information on the operation of the Public Reference Room may be obtained by calling 1-800-SEC-0330.

A description of the policies and procedures that the Funds use to determine how to vote proxies relating to fund securities, as well as information relating to how the Fund voted proxies relating to fund securities during the most recent 12-month period ended June 30, is available (i) without charge, upon request, by calling 1- 866-392-2626; and (ii) on the SEC’s website at http://www.sec.gov.

CATHOLIC RESPONSIBLE INVESTMENTS ULTRA SHORT BOND FUND

APRIL 30, 2024 (Unaudited)

SECTOR WEIGHTINGS^†

LOGO

† Percentages are based on total investments. Total investments do not include derivatives such as options, futures contracts, forward contracts, and swap contracts, if applicable.


SCHEDULE OF INVESTMENTS U.S. TREASURY OBLIGATIONS — 53.5%

	Face Amount		Value

U.S. Treasury Bills
5.332%, 08/20/24(A)	$	1,100,000	$	1,082,186
5.332%, 08/27/24(A)		1,125,000		1,105,659
5.326%, 07/25/24(A)		1,700,000		1,678,937
5.322%, 08/13/24(A)		800,000		787,867
5.321%, 05/30/24(A)		1,675,000		1,667,882
5.321%, 06/13/24(A)		575,000		571,384
5.321%, 07/18/24(A)		1,075,000		1,062,772
5.320%, 06/06/24(A)		2,275,000		2,262,982
5.319%, 06/25/24(A)		600,000		595,162
5.312%, 05/02/24(A)		550,000		549,919
5.309%, 05/07/24(A)		2,150,000		2,148,108
5.306%, 07/23/24(A)		1,075,000		1,061,976
5.300%, 05/23/24(A)		1,175,000		1,171,209
5.300%, 06/27/24(A)		550,000		545,408
5.300%, 07/09/24(A)		575,000		569,196
5.296%, 07/30/24(A)		525,000		518,118
5.295%, 07/11/24(A)		550,000		544,294
5.293%, 10/17/24(A)		1,050,000		1,024,467
5.291%, 08/06/24(A)		1,075,000		1,059,793
5.289%, 05/21/24(A)		1,500,000		1,495,608
5.285%, 05/28/24(A)		2,500,000		2,490,119
5.270%, 05/14/24(A)		1,350,000		1,347,431
5.270%, 06/04/24(A)		2,400,000		2,388,038
5.240%, 09/05/24(A)		300,000		294,481
5.235%, 08/22/24(A)		875,000		860,649
5.235%, 09/12/24(A)		275,000		269,674
0.000%, 08/01/24(B)		1,125,000		1,109,885

Total U.S. Treasury Obligations (Cost $30,265,062)				30,263,204


ASSET-BACKED SECURITIES — 25.3%

	Face Amount		Value

Automotive — 21.2%
Ally Auto Receivables Trust, Ser 2022-3, Cl A2
5.290%, 06/16/25	$	9,329	$	9,327
Ally Auto Receivables Trust, Ser 2024-1, Cl A1
5.528%, 03/17/25		176,991		177,016
American Credit Acceptance Receivables Trust, Ser 2023-1, Cl A
5.450%, 09/14/26 (C)		22,340		22,335
American Credit Acceptance Receivables Trust, Ser 2023-2, Cl A
5.890%, 10/13/26 (C)		27,846		27,851
American Credit Acceptance Receivables Trust, Ser 2023-3, Cl A
6.000%, 03/12/27 (C)		38,993		39,019
American Credit Acceptance Receivables Trust, Ser 2024-2, Cl A
5.900%, 02/12/27 (C)		255,000		254,958
AmeriCredit Automobile Receivables Trust, Ser 2020-3, Cl C
1.060%, 08/18/26		300,000		293,100
AmeriCredit Automobile Receivables Trust, Ser 2021-3, Cl A3
0.760%, 08/18/26		87,409		85,810
AmeriCredit Automobile Receivables Trust, Ser 2022-2, Cl A2A
4.200%, 12/18/25		20,088		20,072
ARI Fleet Lease Trust, Ser 2023-B, Cl A1
5.924%, 10/15/24 (C)		45,217		45,239
ARI Fleet Lease Trust, Ser 2024-A, Cl A1
5.568%, 03/14/25 (C)		206,799		206,803
Bank of America Auto Trust, Ser 2023-2A, Cl A1
5.617%, 12/13/24 (C)		77,354		77,361
BMW Vehicle Lease Trust, Ser 2023-1, Cl A3
5.160%, 11/25/25		300,000		299,262
BMW Vehicle Lease Trust, Ser 2024-1, Cl A1
5.508%, 02/25/25		285,165		285,187
Bridgecrest Lending Auto Securitization Trust, Ser 2024-1, Cl A1
5.607%, 01/15/25		2,540		2,540

The accompanying notes are an integral part of the financial statements.

CATHOLIC RESPONSIBLE INVESTMENTS ULTRA SHORT BOND FUND

APRIL 30, 2024 (Unaudited)


ASSET-BACKED SECURITIES — continued

	Face Amount		Value
CarMax Auto Owner Trust, Ser 2024-1, Cl A1
5.511%, 01/15/25	$	149,838	$	149,850
Carvana Auto Receivables Trust, Ser 2020-P1, Cl A4
0.610%, 10/08/26		161,516		158,033
Carvana Auto Receivables Trust, Ser 2024-N1, Cl A1
5.645%, 03/10/25 (C)		265,622		265,633
Carvana Auto Receivables Trust, Ser 2024-P1, Cl A1
5.634%, 04/10/25 (C)		105,059		105,072
Chase Auto Owner Trust, Ser 2024-1A, Cl A1
5.537%, 03/25/25 (C)		320,000		320,033
Chesapeake Funding II, Ser 2021-1A, Cl A1
0.470%, 04/15/33 (C)		217,605		213,530
Citizens Auto Receivables Trust, Ser 2024-1, Cl A1
5.616%, 01/15/25 (C)		121,760		121,775
CPS Auto Receivables Trust, Ser 2021-C, Cl C
1.210%, 06/15/27 (C)		29,642		29,589
CPS Auto Receivables Trust, Ser 2022-C, Cl A
4.180%, 04/15/30 (C)		3,555		3,552
CPS Auto Receivables Trust, Ser 2023-A, Cl A
5.540%, 03/16/26 (C)		45,241		45,228
CPS Auto Receivables Trust, Ser 2023-C, Cl A
6.130%, 09/15/26 (C)		64,351		64,408
Credit Acceptance Auto Loan Trust, Ser 2021-3A, Cl A
1.000%, 05/15/30 (C)		56,020		55,754
Donlen Fleet Lease Funding 2, Ser 2021-2, Cl A1
5.762%, TSFR1M + 0.444%, 12/11/34 (C)(D)		5,363		5,364
Drive Auto Receivables Trust, Ser 2021-2, Cl C
0.870%, 10/15/27		169,343		168,405
Drive Auto Receivables Trust, Ser 2024-1, Cl A2
5.830%, 12/15/26		220,000		220,094
DT Auto Owner Trust, Ser 2023-2A, Cl A
5.880%, 04/15/27 (C)		143,756		143,780
DT Auto Owner Trust, Ser 2023-3A, Cl A
6.290%, 08/16/27 (C)		58,790		58,942


ASSET-BACKED SECURITIES — continued

	Face Amount		Value
Enterprise Fleet Financing, Ser 2020-2, Cl A3
0.650%, 07/20/26 (C)	$	116,307	$	114,794
Enterprise Fleet Financing, Ser 2021-2, Cl A2
0.480%, 05/20/27 (C)		109,595		108,074
Enterprise Fleet Financing, Ser 2023-3, Cl A1
5.906%, 10/21/24 (C)		68,254		68,287
Enterprise Fleet Financing, Ser 2024-1, Cl A1
5.548%, 02/20/25 (C)		122,362		122,360
Enterprise Fleet Financing, Ser 2024-2, Cl A1
5.613%, 05/20/25 (C)		320,000		320,067
Exeter Automobile Receivables Trust, Ser 2023-1A, Cl A3
5.580%, 04/15/26		114,915		114,913
Exeter Automobile Receivables Trust, Ser 2023-2A, Cl A2
5.870%, 11/17/25		7,293		7,294
Exeter Automobile Receivables Trust, Ser 2023-3A, Cl A2
6.110%, 09/15/25		33,009		33,019
Exeter Automobile Receivables Trust, Ser 2024-1A, Cl A1
5.580%, 02/18/25		29,436		29,436
Exeter Automobile Receivables Trust, Ser 2024-2A, Cl A2
5.700%, 05/15/26		115,000		114,999
Flagship Credit Auto Trust, Ser 2022-1, Cl A
1.790%, 10/15/26 (C)		66,411		65,671
Ford Credit Auto Lease Trust, Ser 2024-A, Cl A1
5.506%, 02/15/25		295,334		295,392
GLS Auto Receivables Issuer Trust, Ser 2024-1A, Cl A1
5.578%, 02/18/25 (C)		156,927		156,934
GLS Auto Select Receivables Trust, Ser 2024-2A, Cl A1
5.582%, 04/15/25 (C)		170,000		169,971
GM Financial Automobile Leasing Trust, Ser 2022-3, Cl A3
4.010%, 09/22/25		186,147		185,511
GM Financial Automobile Leasing Trust, Ser 2024-1, Cl A1
5.514%, 02/20/25		174,785		174,793
GM Financial Consumer Automobile Receivables Trust, Ser 2021-1, Cl C
1.040%, 05/17/27		300,000		291,202

The accompanying notes are an integral part of the financial statements.

CATHOLIC RESPONSIBLE INVESTMENTS ULTRA SHORT BOND FUND

APRIL 30, 2024 (Unaudited)


ASSET-BACKED SECURITIES — continued

	Face Amount		Value
GM Financial Consumer Automobile Receivables Trust, Ser 2024-1, Cl A1
5.529%, 01/16/25	$	83,806	$	83,812
GM Financial Consumer Automobile Receivables Trust, Ser 2024-2, Cl A1
5.494%, 04/16/25		525,000		525,044
Honda Auto Receivables Owner Trust, Ser 2021-1, Cl A3
0.270%, 04/21/25		23,050		22,979
Huntington Auto Trust, Ser 2024-1A, Cl A1
5.625%, 02/18/25 (C)		88,939		88,950
Hyundai Auto Lease Securitization Trust, Ser 2022-A, Cl A4
1.320%, 12/15/25 (C)		241,645		241,191
Hyundai Auto Lease Securitization Trust, Ser 2023-A, Cl A2A
5.200%, 04/15/25 (C)		67,636		67,620
Hyundai Auto Lease Securitization Trust, Ser 2023-B, Cl A2A
5.470%, 09/15/25 (C)		280,155		279,957
Hyundai Auto Receivables Trust, Ser 2020-C, Cl A4
0.490%, 11/16/26		167,241		164,890
Hyundai Auto Receivables Trust, Ser 2021-A, Cl A4
0.620%, 05/17/27		344,000		334,089
Hyundai Auto Receivables Trust, Ser 2023-C, Cl A1
5.634%, 11/15/24		27,355		27,357
LAD Auto Receivables Trust, Ser 2024-1A, Cl A1
5.541%, 02/18/25 (C)		58,460		58,464
Mercedes-Benz Auto Receivables Trust, Ser 2021-1, Cl A3
0.460%, 06/15/26		233,731		228,423
Nissan Auto Receivables Owner Trust, Ser 2022-A, Cl A3
1.860%, 08/17/26		248,679		242,836
Nissan Auto Receivables Owner Trust, Ser 2023-B, Cl A1
5.709%, 11/15/24		187,927		187,976
Oscar US Funding XVI, Ser 2024-1A, Cl A1
5.627%, 03/10/25 (C)		156,205		156,188
Prestige Auto Receivables Trust, Ser 2023-2A, Cl A1
5.863%, 11/15/24 (C)		19,638		19,640


ASSET-BACKED SECURITIES — continued

	Face Amount		Value
Santander Drive Auto Receivables Trust, Ser 2021-3, Cl C
0.950%, 09/15/27	$	47,626	$	47,536
Santander Drive Auto Receivables Trust, Ser 2022-2, Cl A3
2.980%, 10/15/26		16,937		16,917
Santander Drive Auto Receivables Trust, Ser 2022-2, Cl B
3.440%, 09/15/27		275,000		271,284
Santander Drive Auto Receivables Trust, Ser 2022-5, Cl A3
4.110%, 08/17/26		57,012		56,901
Santander Drive Auto Receivables Trust, Ser 2023-1, Cl A2
5.360%, 05/15/26		19,582		19,579
Santander Drive Auto Receivables Trust, Ser 2023-3, Cl A2
6.080%, 08/17/26		16,904		16,925
Santander Drive Auto Receivables Trust, Ser 2023-4, Cl A2
6.180%, 02/16/27		160,083		160,414
Santander Drive Auto Receivables Trust, Ser 2023-6, Cl A2
6.080%, 05/17/27		73,918		74,039
SBNA Auto Lease Trust, Ser 2024-A, Cl A1
5.568%, 02/20/25 (C)		87,076		87,081
SFS Auto Receivables Securitization Trust, Ser 2023-1A, Cl A2A
5.890%, 03/22/27 (C)		81,845		81,891
SFS Auto Receivables Securitization Trust, Ser 2024-1A, Cl A1
5.589%, 01/21/25 (C)		10,852		10,852
Tesla Auto Lease Trust, Ser 2024-A, Cl A1
5.530%, 02/20/25 (C)		245,000		245,020
Tesla Electric Vehicle Trust, Ser 2023-1, Cl A1
5.584%, 12/20/24 (C)		26,940		26,942
Toyota Auto Receivables Owner Trust, Ser 2020-C, Cl A4
0.570%, 10/15/25		85,936		85,494

The accompanying notes are an integral part of the financial statements.

CATHOLIC RESPONSIBLE INVESTMENTS ULTRA SHORT BOND FUND

APRIL 30, 2024 (Unaudited)


ASSET-BACKED SECURITIES — continued

	Face Amount		Value
Toyota Auto Receivables Owner Trust, Ser 2024-A, Cl A1
5.519%, 01/15/25	$	203,903	$	203,916
Toyota Lease Owner Trust, Ser 2024-A, Cl A1
5.524%, 02/20/25 (C)		107,242		107,250
Volkswagen Auto Lease Trust, Ser 2022-A, Cl A3
3.440%, 07/21/25		154,368		153,725
Volkswagen Auto Lease Trust, Ser 2023-A, Cl A3
5.810%, 10/20/26		275,000		275,887
Volkswagen Auto Lease Trust, Ser 2024-A, Cl A1
5.516%, 03/20/25		325,000		325,036
Volkswagen Auto Loan Enhanced Trust, Ser 2021-1, Cl A3
1.020%, 06/22/26		233,616		228,645
Volkswagen Auto Loan Enhanced Trust, Ser 2023-2, Cl A1
5.601%, 11/20/24		33,876		33,878
Westlake Automobile Receivables Trust, Ser 2023-1A, Cl A2A
5.510%, 06/15/26 (C)		109,864		109,796
Westlake Automobile Receivables Trust, Ser 2023-4A, Cl A1
5.877%, 11/15/24 (C)		75,643		75,662
Westlake Automobile Receivables Trust, Ser 2024-1A, Cl A1
5.629%, 03/17/25 (C)		196,696		196,715
World Omni Auto Receivables Trust, Ser 2022-B, Cl A2B
5.900%, SOFR30A + 0.570%, 10/15/25 (D)		983		983

				11,989,423


Other Asset-Backed Securities — 4.1%
Amur Equipment Finance Receivables XIII, Ser 2024-1A, Cl A1
5.558%, 01/21/25 (C)		54,541		54,544
Auxilior Term Funding, Ser 2023-1A, Cl A1
5.864%, 11/15/24 (C)		33,999		34,004
BHG Securitization Trust, Ser 2022-C, Cl A
5.320%, 10/17/35 (C)		29,905		29,817
CCG Receivables Trust, Ser 2023-2, Cl A1
5.751%, 11/14/24 (C)		36,192		36,199


ASSET-BACKED SECURITIES — continued

	Face Amount		Value
CNH Equipment Trust, Ser 2024-A, Cl A1
5.465%, 02/14/25	$	363,623	$	363,582
Daimler Trucks Retail Trust, Ser 2023-1, Cl A2
6.030%, 09/15/25		93,603		93,686
Dell Equipment Finance Trust, Ser 2023-3, Cl A1
5.759%, 10/22/24 (C)		18,005		18,009
Dell Equipment Finance Trust, Ser 2024-1, Cl A1
5.568%, 04/22/25 (C)		140,000		140,017
DLLST, Ser 2024-1A, Cl A1
5.562%, 01/21/25 (C)		76,994		77,003
Granite Park Equipment Leasing, Ser 2023-1A, Cl A1
5.884%, 10/21/24 (C)		13,274		13,276
GreatAmerica Leasing Receivables, Ser 2024-1, Cl A1
5.550%, 02/18/25 (C)		204,721		204,707
HPEFS Equipment Trust, Ser 2023-2A, Cl A1
5.758%, 10/18/24 (C)		61,496		61,507
HPEFS Equipment Trust, Ser 2024-1A, Cl A1
5.596%, 01/21/25 (C)		213,352		213,362
John Deere Owner Trust, Ser 2024-A, Cl A1
5.521%, 03/17/25		213,978		213,970
Kubota Credit Owner Trust, Ser 2024-1A, Cl A1
5.531%, 02/18/25 (C)		112,170		112,183
MMAF Equipment Finance, Ser 2020-BA, Cl A3
0.490%, 08/14/25 (C)		156,832		154,222
MMAF Equipment Finance, Ser 2024-A, Cl A1
5.581%, 02/11/25 (C)		69,512		69,521
SCF Equipment Leasing, Ser 2023-1A, Cl A1
5.827%, 12/04/24 (C)		26,603		26,606
Verizon Master Trust, Ser 2021-1, Cl A
0.500%, 05/20/27		400,000		398,925

				2,315,140


Total Asset-Backed Securities (Cost $14,279,084)				14,304,563

The accompanying notes are an integral part of the financial statements.

CATHOLIC RESPONSIBLE INVESTMENTS ULTRA SHORT BOND FUND

APRIL 30, 2024 (Unaudited)


REPURCHASE AGREEMENTS — 10.4%

	Face Amount		Value
Citi Treas 5.310%, dated 04/30/24, to be repurchased on 05/01/24, repurchase price $1,900,280, (collateralized by various U.S. Treasury Obligations, par values $100 - $1,950,700, 1.500% - 5.250%, 11/15/2028 - 12/31/2028; with total market value $1,938,007)	$	1,900,000	$	1,900,000
Gold Triparty Mortgage 5.310%, dated 04/30/24, to be repurchased on 05/01/24, repurchase price $2,000,295, (collateralized by various U.S. Treasury Obligations, par values $690,000 - $5,598,224, 4.500% - 7.500%, 09/15/2038 - 03/20/2054; with total market value $2,040,001)		2,000,000		2,000,000
Socgen Triparty Tsy 5.300%, dated 04/30/24, to be repurchased on 05/01/24, repurchase price $2,000,294, (collateralized by U.S. Treasury Obligation, par value $2,143,700, 0.000%, 04/17/2025; with total market value $2,040,005)		2,000,000		2,000,000


Total Repurchase Agreements (Cost $5,900,000)				5,900,000


CORPORATE OBLIGATIONS — 8.1%

CONSUMER DISCRETIONARY — 0.5%
General Motors Financial
3.500%, 11/07/24	$	300,000	$	296,435


ENERGY — 0.4%
Williams
4.550%, 06/24/24		225,000		224,549


FINANCIALS — 6.5%
American Express
6.068%, SOFRINDX + 0.720%, 05/03/24(D)		150,000		150,002
Bank of Montreal MTN
4.250%, 09/14/24		200,000		198,843
Bank of Nova Scotia
5.250%, 12/06/24		500,000		498,531


CORPORATE OBLIGATIONS — continued

	Face Amount		Value

FINANCIALS — continued
Credit Suisse NY
4.750%, 08/09/24	$	300,000	$	299,242
JPMorgan Chase
3.875%, 09/10/24		325,000		322,905
Metropolitan Life Global Funding I
0.550%, 06/07/24(C)		550,000		547,237
Morgan Stanley MTN
5.864%, SOFRRATE + 0.509%, 01/22/25(D)		450,000		450,369
New York Life Global Funding MTN
5.783%, SOFRINDX + 0.430%, 06/06/24(C)(D)		300,000		300,089
Pacific Life Global Funding II
6.153%, SOFRRATE + 0.800%, 12/06/24(C)(D)		300,000		300,887
Royal Bank of Canada MTN
2.550%, 07/16/24		175,000		173,887
Toronto-Dominion Bank
5.870%, SOFRRATE + 0.550%, 09/20/24(D)		250,000		250,333
US Bancorp MTN
3.600%, 09/11/24		200,000		198,411

				3,690,736


INDUSTRIALS — 0.7%
Canadian Pacific Railway
2.900%, 02/01/25		250,000		244,633
Protective Life Global Funding
6.404%, SOFRRATE + 1.050%, 12/11/24(C)(D)		150,000		150,590

				395,223


Total Corporate Obligations (Cost $4,606,613)				4,606,943


COMMERCIAL PAPER — 3.9%

Australia & New Zealand Bank Group
5.744%, 08/08/24(A)	$	300,000	$	295,591
Banco Santander S.A.
5.780%, 05/31/24(A)		400,000		398,143
BPCE Disc
5.765%, 08/06/24(A)		300,000		295,648
5.762%, 05/06/24(A)		325,000		324,713
Pacific Life
5.681%, 05/06/24(A)		625,000		624,447

The accompanying notes are an integral part of the financial statements.

CATHOLIC RESPONSIBLE INVESTMENTS ULTRA SHORT BOND FUND

APRIL 30, 2024 (Unaudited)


COMMERCIAL PAPER — continued

	Face Amount		Value

Svenska Handelsbanked
5.887%, 06/14/24(A)	$	275,000	$	273,187


Total Commercial Paper (Cost $2,211,538)				2,211,729


MORTGAGE-BACKED SECURITIES — 1.0%

Agency Mortgage-Backed Obligations — 1.0%
FHLMC, Ser 2015-4470, Cl A
4.000%, 05/15/43	$	119,664	$	118,965
FNMA, Ser 2014-53, Cl VB
3.500%, 01/25/35		244,883		238,868
GNMA, Ser 2024-39, Cl AB
4.000%, 12/20/31		183,136		180,777

				538,610


Total Mortgage-Backed Securities (Cost $539,219)				538,610


CERTIFICATE OF DEPOSIT — 0.6%

Bank of Montreal
5.800%, 11/08/24	$	350,000	$	350,000


Total Certificate of Deposit (Cost $350,000)				350,000

Total Investments in Securities— 102.8% (Cost $58,151,516)				$58,175,049

Percentages are based on Net Assets of $56,563,147.

(A)	Interest rate represents the security’s effective yield at the time of purchase.

(B)	Zero coupon security.

(C)

Securities sold within the terms of a private placement memorandum, exempt from registration under section 144A of the Securities Act of 1933, as amended, and maybe sold only to dealers in the program or other “accredited investors”. The total value of these securities at April 30, 2024 was $7,629,383 and represented 13.5% of Net Assets.

(D)

Variable or floating rate security. The rate shown is the effective interest rate as of period end. The rates for certain securities are not based on published reference rates and spreads and are either determined by the issuer or agent based on current market conditions; by using a formula based on the rates of underlying loans; or by adjusting periodically based on prevailing interest rates.

Cl — Class

FHLMC — Federal Home Loan Mortgage Corporation

FNMA — Federal National Mortgage Association

GNMA — Government National Mortgage Association

MTN — Medium Term Note

Ser — Series

SOFRINDX — Secured Overnight Financing Rate Index

SOFR30A — Secured Overnight Financing Rate 30-day Average

SOFRRATE — Secured Overnight Financing Rate

TSFR1M — Term Secured Overnight Financing Rate 1 Month

As of April 30, 2024, all of the Fund’s investments in securities were considered Level 2, in accordance with the authoritative guidance of fair value measurements and disclosure under U.S. generally accepted accounting principles.

For more information on valuation inputs, see Note 2 — Significant Accounting Policies in the Notes to Financial Statements.

The accompanying notes are an integral part of the financial statements.

CATHOLIC RESPONSIBLE INVESTMENTS SHORT DURATION BOND FUND

APRIL 30, 2024 (Unaudited)

SECTOR WEIGHTINGS^†

LOGO

† Percentages are based on total investments. Total investments do not include derivatives such as options, futures contracts, forward contracts, and swap contracts, if applicable.


SCHEDULE OF INVESTMENTS
CORPORATE OBLIGATIONS — 35.0%

	Face Amount		Value
COMMUNICATION SERVICES — 0.8%
Charter Communications Operating
6.150%, 11/10/26	$	1,875,000	$	1,879,710
Sprint Spectrum
4.738%, 03/20/25(A)		640,000		636,238
Take-Two Interactive Software
5.000%, 03/28/26		725,000		715,863
4.950%, 03/28/28		600,000		587,019

				3,818,830


CONSUMER DISCRETIONARY — 2.7%
AutoZone
5.050%, 07/15/26		1,000,000		992,436
Daimler Truck Finance North America
5.600%, 08/08/25(A)		500,000		498,552
5.150%, 01/16/26(A)		710,000		703,939
5.000%, 01/15/27(A)		325,000		320,584
DR Horton
2.600%, 10/15/25		2,575,000		2,460,746
Ford Motor Credit
2.300%, 02/10/25		2,500,000		2,429,529
General Motors Financial
5.400%, 05/08/27		1,000,000		992,810
Hyatt Hotels
5.750%, 01/30/27		750,000		752,571
Hyundai Capital America
5.950%, 09/21/26(A)		750,000		752,308
5.250%, 01/08/27(A)		750,000		741,080
Marriott International
5.450%, 09/15/26		925,000		923,522
O’Reilly Automotive
5.750%, 11/20/26		850,000		855,058


CORPORATE OBLIGATIONS — continued

	Face Amount		Value

CONSUMER DISCRETIONARY — continued
Tapestry
7.050%, 11/27/25	$	395,000	$	400,521

				12,823,656


CONSUMER STAPLES — 0.9%
CVS Pass-Through Trust
6.036%, 12/10/28		1,979,104		1,975,549
Element Fleet Management
5.643%, 03/13/27(A)		980,000		972,873
Keurig Dr Pepper
5.100%, 03/15/27		480,000		476,643
Sodexo
1.634%, 04/16/26(A)		625,000		577,127

				4,002,192


ENERGY — 2.3%
Columbia Pipelines Holding
6.055%, 08/15/26(A)		290,000		290,938
Continental Resources
3.800%, 06/01/24		1,695,000		1,690,070
Enbridge
5.900%, 11/15/26		720,000		724,450
Energy Transfer
6.050%, 12/01/26		925,000		935,847
Hess
4.300%, 04/01/27		1,750,000		1,693,101
MidAmerican Energy
3.100%, 05/01/27		2,000,000		1,877,504
ONEOK
5.550%, 11/01/26		1,325,000		1,323,622
Plains All American Pipeline
4.650%, 10/15/25		2,250,000		2,211,748
Williams
5.400%, 03/02/26		300,000		298,690

				11,045,970


FINANCIALS — 22.3%
ABN AMRO Bank
6.339%, H15T1Y + 1.650%, 09/18/27(A)(B)		1,200,000		1,210,225
AIB Group
7.583%, SOFRRATE + 3.456%, 10/14/26(A)(B)		750,000		765,065
American Express
5.645%, SOFRRATE + 0.750%, 04/23/27(B)		700,000		700,130
5.389%, SOFRRATE + 0.970%, 07/28/27(B)		550,000		546,983
5.098%, SOFRRATE + 1.000%, 02/16/28(B)		650,000		642,541
Arab Petroleum Investments
5.428%, 05/02/29(A)		1,500,000		1,505,625
1.483%, 10/06/26		930,000		845,137

The accompanying notes are an integral part of the financial statements.

CATHOLIC RESPONSIBLE INVESTMENTS SHORT DURATION BOND FUND

APRIL 30, 2024 (Unaudited)


CORPORATE OBLIGATIONS — continued

	Face Amount		Value

FINANCIALS — continued
Ares Capital
7.000%, 01/15/27	$	900,000	$	915,954
Asian Development Bank MTN
1.750%, 08/14/26		2,500,000		2,322,409
Athene Global Funding
5.339%, 01/15/27(A)		1,000,000		989,379
Bank of America
5.933%, SOFRRATE + 1.340%, 09/15/27(B)		1,500,000		1,506,548
5.080%, SOFRRATE + 1.290%, 01/20/27(B)		1,000,000		989,288
2.456%, TSFR3M + 0.870%, 10/22/25(B)		1,464,000		1,440,058
1.530%, SOFRRATE + 0.650%, 12/06/25(B)		1,000,000		973,937
Bank of Ireland Group
6.253%, H15T1Y + 2.650%, 09/16/26(A)(B)		815,000		816,588
Bank of New York Mellon
4.947%, SOFRRATE + 1.026%, 04/26/27(B)		470,000		465,051
Bank One Michigan
8.250%, 11/01/24		1,925,000		1,944,489
Banque Federative du Credit Mutuel
4.935%, 01/26/26(A)		750,000		741,078
Barclays
6.496%, SOFRRATE + 1.880%, 09/13/27(B)		500,000		505,531
5.829%, SOFRRATE + 2.210%, 05/09/27(B)		550,000		547,944
5.304%, H15T1Y + 2.300%, 08/09/26(B)		1,450,000		1,437,347
BB Blue Financing DAC
4.395%, 09/20/29		2,500,000		2,416,860
BNP Paribas
1.675%, SOFRRATE + 0.912%, 06/30/27(A)(B)		1,000,000		916,612
BPCE
6.612%, SOFRRATE + 1.980%, 10/19/27(A)(B)		1,125,000		1,138,138
5.203%, 01/18/27(A)		1,150,000		1,139,217
CaixaBank
6.684%, SOFRRATE + 2.080%, 09/13/27(A)(B)		750,000		759,956
Capital One Financial
4.985%, SOFRRATE + 2.160%, 07/24/26(B)		825,000		815,333
4.166%, SOFRRATE + 1.370%, 05/09/25(B)		1,185,000		1,184,493


CORPORATE OBLIGATIONS — continued

	Face Amount		Value

FINANCIALS — continued
Central American Bank for Economic Integration
5.000%, 02/09/26(A)	$	500,000	$	494,385
Charles Schwab
2.450%, 03/03/27		1,250,000		1,151,270
Citigroup
6.049%, SOFRRATE + 0.694%, 01/25/26(B)		2,117,000		2,120,893
6.041%, SOFRRATE + 0.686%, 10/30/24(B)		1,000,000		1,001,295
5.610%, SOFRRATE + 1.546%, 09/29/26(B)		1,250,000		1,247,005
2.014%, SOFRRATE + 0.694%, 01/25/26(B)		1,000,000		970,825
Citizens Bank
6.064%, SOFRRATE + 1.450%, 10/24/25(B)		250,000		248,829
5.284%, SOFRRATE + 1.020%, 01/26/26(B)		540,000		533,308
4.119%, SOFRRATE + 1.395%, 05/23/25(B)		250,000		249,389
Corebridge Global Funding
5.750%, 07/02/26(A)		635,000		631,479
5.200%, 01/12/29(A)		380,000		373,102
Credit Agricole MTN
1.907%, SOFRRATE + 1.676%, 06/16/26(A)(B)		2,525,000		2,412,585
Credit Suisse NY
4.750%, 08/09/24		625,000		623,428
Danske Bank
6.466%, H15T1Y + 2.100%, 01/09/26(A)(B)		875,000		876,044
6.259%, H15T1Y + 1.180%, 09/22/26(A)(B)		500,000		502,078
5.427%, H15T1Y + 0.950%, 03/01/28(A)(B)		1,350,000		1,337,444
Deutsche Bank NY
1.686%, 03/19/26		1,000,000		931,030
European Investment Bank MTN
2.875%, 06/13/25(A)		2,500,000		2,432,877
2.375%, 05/24/27		2,500,000		2,320,325
2.125%, 04/13/26		447,000		422,446
Fifth Third Bank
5.852%, SOFRRATE + 1.230%, 10/27/25(B)		1,130,000		1,128,141
GATX Financial 2005-1 Pass Through Trust
5.697%, 01/02/25(A)		29,349		29,269
Goldman Sachs Group
4.387%, SOFRRATE + 1.510%, 06/15/27(B)		1,000,000		974,758

The accompanying notes are an integral part of the financial statements.

CATHOLIC RESPONSIBLE INVESTMENTS SHORT DURATION BOND FUND

APRIL 30, 2024 (Unaudited)


CORPORATE OBLIGATIONS — continued

	Face Amount		Value

FINANCIALS — continued
3.850%, 01/26/27	$	1,175,000	$	1,127,141
HAT Holdings I
8.000%, 06/15/27(A)		500,000		513,141
HSBC Holdings
7.336%, SOFRRATE + 3.030%, 11/03/26(B)		1,000,000		1,022,341
5.887%, SOFRRATE + 1.570%, 08/14/27(B)		1,410,000		1,410,985
ING Groep
6.083%, SOFRRATE + 1.560%, 09/11/27(B)		735,000		738,233
1.400%, H15T1Y + 1.100%, 07/01/26(A)(B)		1,250,000		1,186,072
Inter-American Investment
4.125%, 02/15/28		500,000		483,433
International Bank for Reconstruction & Development MTN
0.000%, 03/31/28(C)		1,000,000		949,512
0.000%, 03/31/27(C)		2,500,000		2,249,958
International Development Association
0.875%, 04/28/26(A)		1,000,000		919,642
International Finance Facility for Immunisation MTN
1.000%, 04/21/26		1,000,000		920,575
JPMorgan Chase
5.571%, SOFRRATE + 0.930%, 04/22/28(B)		1,150,000		1,148,961
1.045%, SOFRRATE + 0.800%, 11/19/26(B)		1,500,000		1,395,676
0.768%, SOFRRATE + 0.490%, 08/09/25(B)		750,000		739,149
JPMorgan Chase Bank
5.110%, 12/08/26		1,150,000		1,142,268
KBC Group
5.796%, H15T1Y + 2.100%, 01/19/29(A)(B)		295,000		292,888
Kreditanstalt fuer Wiederaufbau
1.000%, 10/01/26		250,000		227,442
Lloyds Banking Group
5.985%, H15T1Y + 1.480%, 08/07/27(B)		750,000		751,005
Lseg US Finance
4.875%, 03/28/27(A)		1,000,000		984,792
Macquarie Group
5.108%, SOFRRATE + 2.208%, 08/09/26(A)(B)		1,450,000		1,436,703
Manufacturers & Traders Trust
5.400%, 11/21/25		1,000,000		986,153
4.650%, 01/27/26		1,650,000		1,606,257


CORPORATE OBLIGATIONS — continued

	Face Amount		Value

FINANCIALS — continued
Mitsubishi UFJ Financial Group
4.788%, H15T1Y + 1.700%, 07/18/25(B)	$	1,000,000	$	997,151
Morgan Stanley MTN
5.652%, SOFRRATE + 1.010%, 04/13/28(B)		1,150,000		1,151,100
5.449%, SOFRRATE + 1.630%, 07/20/29(B)		205,000		203,627
5.000%, 11/24/25		3,425,000		3,388,729
0.864%, SOFRRATE + 0.745%, 10/21/25(B)		1,000,000		975,801
Morgan Stanley Bank
4.952%, SOFRRATE + 1.080%, 01/14/28(B)		1,150,000		1,132,438
Nationwide Building Society
6.557%, SOFRRATE + 1.910%, 10/18/27(A)(B)		1,125,000		1,142,816
NatWest Group
5.847%, H15T1Y + 1.350%, 03/02/27(B)		435,000		434,661
NongHyup Bank MTN
4.875%, 07/03/28(A)		555,000		544,630
OPEC Fund for International Development
4.500%, 01/26/26(A)		1,200,000		1,177,386
Pacific Life Global Funding II
5.500%, 08/28/26(A)		1,000,000		999,458
PNC Financial Services Group
6.615%, SOFRINDX + 1.730%, 10/20/27(B)		750,000		766,174
5.812%, SOFRRATE + 1.322%, 06/12/26(B)		750,000		749,867
Royal Bank of Canada MTN
1.200%, 04/27/26		1,000,000		920,083
1.150%, 07/14/26		500,000		455,710
Santander Holdings USA
5.807%, SOFRRATE + 2.328%, 09/09/26(B)		1,000,000		993,467
Skandinaviska Enskilda Banken
5.125%, 03/05/27(A)		950,000		940,124
Societe Generale MTN
6.447%, H15T1Y + 2.300%, 01/12/27(A)(B)		875,000		879,873
Standard Chartered
7.776%, H15T1Y + 3.100%, 11/16/25(A)(B)		1,000,000		1,008,517
6.170%, H15T1Y + 2.050%, 01/09/27(A)(B)		700,000		701,526
Truist Financial MTN
4.260%, SOFRRATE + 1.456%, 07/28/26(B)		1,025,000		1,005,395

The accompanying notes are an integral part of the financial statements.

CATHOLIC RESPONSIBLE INVESTMENTS SHORT DURATION BOND FUND

APRIL 30, 2024 (Unaudited)


CORPORATE OBLIGATIONS — continued

	Face Amount		Value

FINANCIALS — continued
UBS Group
2.593%, SOFRRATE + 1.560%, 09/11/25(A)(B)	$	3,050,000	$	3,012,122
Wells Fargo MTN
5.707%, SOFRRATE + 1.070%, 04/22/28(B)		1,150,000		1,151,401
4.540%, SOFRRATE + 1.560%, 08/15/26(B)		1,250,000		1,229,667
2.406%, TSFR3M + 0.825%, 10/30/25(B)		1,500,000		1,474,257
0.805%, SOFRRATE + 0.510%, 05/19/25(B)		1,000,000		997,141
Westpac New Zealand
5.132%, 02/26/27(A)		1,000,000		989,073
WLB Asset II D Pte
6.500%, 12/21/26(A)		1,000,000		950,254
WLB Asset VI Pte
7.250%, 12/21/27(A)		1,000,000		967,244

				106,766,140


HEALTH CARE — 1.1%
Adventist Health System
2.433%, 09/01/24		1,415,000		1,398,368
CommonSpirit Health
1.547%, 10/01/25		1,000,000		940,691
Icon Investments Six DAC
5.809%, 05/08/27		265,000		265,000
Quest Diagnostics
3.450%, 06/01/26		910,000		873,279
Smith & Nephew
5.150%, 03/20/27		515,000		509,118
Solventum
5.450%, 02/25/27(A)		1,150,000		1,140,371

				5,126,827


INDUSTRIALS — 0.9%
AerCap Ireland Capital DAC
6.100%, 01/15/27		1,000,000		1,007,470
HEICO
5.250%, 08/01/28		270,000		267,017
Mileage Plus Holdings
6.500%, 06/20/27(A)		877,500		879,193
Penske Truck Leasing Lp
5.750%, 05/24/26(A)		1,000,000		1,000,047
5.350%, 01/12/27(A)		485,000		480,120
Regal Rexnord
6.050%, 02/15/26(A)		715,000		714,912

				4,348,759


INFORMATION TECHNOLOGY — 0.4%
Flex
6.000%, 01/15/28		550,000		551,139


CORPORATE OBLIGATIONS — continued

	Face Amount		Value

INFORMATION TECHNOLOGY — continued
Open Text
6.900%, 12/01/27(A)	$	1,295,000	$	1,322,439

				1,873,578


MATERIALS — 0.3%
Berry Global
4.875%, 07/15/26(A)		1,250,000		1,223,047
Celanese US Holdings
6.050%, 03/15/25		278,000		278,318

				1,501,365


REAL ESTATE — 0.2%
COPT Defense Properties
2.250%, 03/15/26‡		550,000		515,603
Kilroy Realty
3.450%, 12/15/24‡		477,000		469,264

				984,867


UTILITIES — 3.1%
Avangrid
3.200%, 04/15/25		2,500,000		2,437,803
Consumers 2023 Securitization Funding
5.550%, 03/01/28		1,755,000		1,748,678
Continental Wind
6.000%, 02/28/33(A)		983,992		973,938
Edison International
4.700%, 08/15/25		1,450,000		1,427,764
Electricite de France
3.625%, 10/13/25(A)		500,000		485,996
FirstEnergy Pennsylvania Electric
5.150%, 03/30/26(A)		500,000		492,651
NextEra Energy Operating Partners
7.250%, 01/15/29(A)		1,016,000		1,029,703
Pacific Gas and Electric
5.450%, 06/15/27		725,000		720,286
3.300%, 12/01/27		825,000		757,807
San Diego Gas & Electric
4.950%, 08/15/28		1,000,000		985,121
Sempra
5.400%, 08/01/26		1,330,000		1,322,180
Southern California Edison
4.900%, 06/01/26		580,000		572,753
Southern Power
4.150%, 12/01/25		1,000,000		977,198
0.900%, 01/15/26		1,000,000		922,103

				14,853,981


Total Corporate Obligations (Cost $169,187,259)				167,146,165

The accompanying notes are an integral part of the financial statements.

CATHOLIC RESPONSIBLE INVESTMENTS SHORT DURATION BOND FUND

APRIL 30, 2024 (Unaudited)


ASSET-BACKED SECURITIES — 24.3%

	Face Amount		Value

Automotive — 15.3%
American Credit Acceptance Receivables Trust, Ser 2023-2, Cl A
5.890%, 10/13/26 (A)	$	137,903	$	137,930
AmeriCredit Automobile Receivables Trust, Ser 2020-2, Cl C
1.480%, 02/18/26		642,273		635,507
Americredit Automobile Receivables Trust, Ser 2022-1, Cl A3
2.450%, 11/18/26		596,709		587,338
Americredit Automobile Receivables Trust, Ser 2023-1, Cl A3
5.620%, 11/18/27		1,000,000		1,004,332
ARI Fleet Lease Trust, Ser 2022-A, Cl A2
3.120%, 01/15/31 (A)		208,392		207,254
ARI Fleet Lease Trust, Ser 2023-B, Cl A2
6.050%, 07/15/32 (A)		340,000		340,962
Bank of America Auto Trust, Ser 2023-1A, Cl A3
5.530%, 02/15/28 (A)		785,000		784,104
Bank of America Auto Trust, Ser 2023-2A, Cl A3
5.740%, 06/15/28 (A)		1,015,000		1,018,732
BMW Vehicle Lease Trust, Ser 2023-1, Cl A3
5.160%, 11/25/25		265,000		264,341
BMW Vehicle Lease Trust, Ser 2023-1, Cl A4
5.070%, 06/25/26		480,000		476,989
BMW Vehicle Lease Trust, Ser 2023-2, Cl A3
5.990%, 09/25/26		1,175,000		1,180,142
BMW Vehicle Owner Trust, Ser 2023-A, Cl A3
5.470%, 02/25/28		460,000		459,580
Bridgecrest Lending Auto Securitization Trust, Ser 2024-1, Cl A2
5.820%, 09/15/26		270,000		269,997
Bridgecrest Lending Auto Securitization Trust, Ser 2024-1, Cl A3
5.530%, 01/18/28		465,000		463,950
Carmax Auto Owner Trust, Ser 2022-3, Cl B
4.690%, 02/15/28		800,000		781,125


ASSET-BACKED SECURITIES — continued

	Face Amount		Value
CarMax Auto Owner Trust, Ser 2023-1, Cl A2A
5.230%, 01/15/26	$	189,873	$	189,718
CarMax Auto Owner Trust, Ser 2023-1, Cl A3
4.750%, 10/15/27		500,000		495,101
Carmax Auto Owner Trust, Ser 2023-3, Cl A3
5.280%, 05/15/28		735,000		731,577
Carvana Auto Receivables Trust 2024-P1, Ser 2024-P1, Cl A3
5.050%, 04/10/29 (A)		1,912,000		1,888,152
Carvana Auto Receivables Trust, Ser 2021-N3, Cl B
0.660%, 06/12/28		130,202		121,754
Carvana Auto Receivables Trust, Ser 2022-P3, Cl A2
4.420%, 12/10/25		43,239		43,224
Carvana Auto Receivables Trust, Ser 2023-P3, Cl A2
6.090%, 11/10/26 (A)		193,262		193,436
Carvana Auto Receivables Trust, Ser 2023-P4, Cl A2
6.230%, 01/11/27 (A)		631,495		632,643
Chesapeake Funding II, Ser 2023-1A, Cl A1
5.650%, 05/15/35 (A)		827,405		825,419
Citizens Auto Receivables Trust, Ser 2023-2, Cl A3
5.830%, 02/15/28 (A)		1,055,000		1,060,981
Citizens Auto Receivables Trust, Ser 2024-1, Cl A3
5.110%, 04/17/28 (A)		500,000		496,229
CPS Auto Receivables Trust, Ser 2022-C, Cl A
4.180%, 04/15/30 (A)		24,528		24,511
Drive Auto Receivables Trust, Ser 2021-2, Cl C
0.870%, 10/15/27		256,581		255,159
DT Auto Owner Trust, Ser 2023-3A, Cl A
6.290%, 08/16/27 (A)		517,916		519,235
Enterprise Fleet Financing, Ser 2022-3, Cl A2
4.380%, 07/20/29 (A)		182,033		179,755
Enterprise Fleet Financing, Ser 2023-1, Cl A2
5.510%, 01/22/29 (A)		443,488		442,399
Enterprise Fleet Financing, Ser 2023-2, Cl A2
5.560%, 04/22/30 (A)		1,820,785		1,817,067
Enterprise Fleet Financing, Ser 2023-3, Cl A2
6.400%, 03/20/30 (A)		2,730,000		2,756,705

The accompanying notes are an integral part of the financial statements.

CATHOLIC RESPONSIBLE INVESTMENTS SHORT DURATION BOND FUND

APRIL 30, 2024 (Unaudited)


ASSET-BACKED SECURITIES — continued

	Face Amount		Value
Enterprise Fleet Financing, Ser 2024-1, Cl A3
5.160%, 09/20/30 (A)	$	355,000	$	349,341
Exeter Automobile Receivables Trust, Ser 2023-3A, Cl A3
6.040%, 07/15/26		565,000		565,163
Exeter Automobile Receivables Trust, Ser 2023-4A, Cl A2
6.070%, 12/15/25		187,126		187,217
Flagship Credit Auto Trust, Ser 2023-2, Cl A2
5.760%, 04/15/27 (A)		436,193		435,772
Flagship Credit Auto Trust, Ser 2023-2, Cl A3
5.220%, 12/15/27 (A)		599,000		592,959
Flagship Credit Auto Trust, Ser 2023-3, Cl A3
5.440%, 04/17/28 (A)		761,000		756,166
Ford Credit Auto Lease Trust, Ser 2023-A, Cl A3
4.940%, 03/15/26		1,495,000		1,489,910
Ford Credit Floorplan Master Owner Trust, Ser 2023-1, Cl A1
4.920%, 05/15/28 (A)		730,000		720,833
Foursight Capital Automobile Receivables Trust, Ser 2023-1, Cl A2
5.430%, 10/15/26 (A)		185,620		185,433
Foursight Capital Automobile Receivables Trust, Ser 2023-1, Cl A3
5.390%, 12/15/27 (A)		900,000		894,366
Foursight Capital Automobile Receivables Trust, Ser 2023-2, Cl A2
5.990%, 05/15/28 (A)		465,582		466,195
GLS Auto Select Receivables Trust, Ser 2023-2A, Cl A2
6.370%, 06/15/28 (A)		813,403		817,253
GM Financial Automobile Leasing Trust, Ser 2023-1, Cl A4
5.160%, 01/20/27		1,000,000		994,508
GM Financial Automobile Leasing Trust, Ser 2023-2, Cl A3
5.050%, 07/20/26		565,000		561,624
GM Financial Consumer Automobile Receivables Trust, Ser 2023-2, Cl A2A
5.100%, 05/18/26		349,874		349,208


ASSET-BACKED SECURITIES — continued

	Face Amount		Value
GM Financial Consumer Automobile Receivables Trust, Ser 2023-2, Cl A3
4.470%, 02/16/28	$	475,000	$	468,007
GM Financial Consumer Automobile Receivables Trust, Ser 2023-3, Cl A3
5.450%, 06/16/28		1,850,000		1,850,534
GMF Floorplan Owner Revolving Trust, Ser 2024-1A, Cl A1
5.130%, 03/15/29 (A)		2,275,000		2,253,045
Hertz Vehicle Financing, Ser 2021-1A, Cl A
1.210%, 12/26/25 (A)		2,575,000		2,522,694
Honda Auto Receivables Owner Trust, Ser 2023-2, Cl A3
4.930%, 11/15/27		1,250,000		1,238,976
Hyundai Auto Lease Securitization Trust, Ser 2022-B, Cl A3
3.350%, 06/16/25 (A)		589,214		587,396
Hyundai Auto Lease Securitization Trust, Ser 2023-A, Cl A3
5.050%, 01/15/26 (A)		990,000		986,930
Hyundai Auto Lease Securitization Trust, Ser 2023-A, Cl A4
4.940%, 11/16/26 (A)		900,000		894,150
Hyundai Auto Lease Securitization Trust, Ser 2023-B, Cl A4
5.170%, 04/15/27 (A)		875,000		868,347
Hyundai Auto Lease Securitization Trust, Ser 2023-C, Cl A3
5.800%, 12/15/26 (A)		1,405,000		1,407,039
Hyundai Auto Receivables Trust, Ser 2023-A, Cl A2A
5.190%, 12/15/25		410,548		410,061
Hyundai Auto Receivables Trust, Ser 2023-A, Cl A3
4.580%, 04/15/27		355,000		350,824
Hyundai Auto Receivables Trust, Ser 2023-B, Cl A3
5.480%, 04/17/28		1,850,000		1,846,908
LAD Auto Receivables Trust, Ser 2023-3A, Cl A2
6.090%, 06/15/26 (A)		546,854		547,170
Lendbuzz Securitization Trust, Ser 2023-3A, Cl A2
7.500%, 12/15/28 (A)		936,222		946,354

The accompanying notes are an integral part of the financial statements.

CATHOLIC RESPONSIBLE INVESTMENTS SHORT DURATION BOND FUND

APRIL 30, 2024 (Unaudited)


ASSET-BACKED SECURITIES — continued

	Face Amount		Value
M&T Bank Auto Receivables Trust 2024-1, Ser 2024-1A, Cl A3
5.220%, 02/17/32 (A)	$	1,110,000	$	1,099,343
Mercedes-Benz Auto Lease Trust, Ser 2023-A, Cl A3
4.740%, 01/15/27		2,750,000		2,724,938
Nissan Auto Lease Trust, Ser 2023-A, Cl A4
4.800%, 07/15/27		895,000		888,167
Octane Receivables Trust, Ser 2021-1A, Cl A
0.930%, 03/22/27 (A)		122,395		121,397
Porsche Financial Auto Securitization Trust, Ser 2023-1A, Cl A2
5.420%, 12/22/26 (A)		413,466		413,202
Porsche Financial Auto Securitization Trust, Ser 2023-2A, Cl A3
5.790%, 01/22/29 (A)		370,000		371,872
Santander Drive Auto Receivables Trust, Ser 2022-2, Cl C
3.760%, 07/16/29		980,000		947,993
Santander Drive Auto Receivables Trust, Ser 2023-3, Cl A3
5.610%, 10/15/27		375,000		374,488
Santander Drive Auto Receivables Trust, Ser 2024-1, Cl A3
5.250%, 04/17/28		255,000		253,557
SBNA Auto Lease Trust, Ser 2024-A, Cl A3
5.390%, 11/20/26 (A)		880,000		876,529
SFS Auto Receivables Securitization Trust, Ser 2023-1A, Cl A3
5.470%, 10/20/28 (A)		1,070,000		1,067,604
SFS Auto Receivables Securitization Trust, Ser 2024-1A, Cl A3
4.950%, 05/21/29 (A)		340,000		335,435
Tesla Auto Lease Trust 2024-A, Ser 2024-A, Cl A3
5.300%, 06/21/27 (A)		1,170,000		1,162,601
Tesla Auto Lease Trust, Ser 2021-B, Cl D
1.320%, 09/22/25 (A)		1,000,000		987,095
Tesla Auto Lease Trust, Ser 2023-A, Cl A2
5.860%, 08/20/25 (A)		798,270		799,010


ASSET-BACKED SECURITIES — continued

	Face Amount		Value
Tesla Auto Lease Trust, Ser 2023-A, Cl A3
5.890%, 06/22/26 (A)	$	2,385,000	$	2,388,688
Tesla Auto Lease Trust, Ser 2023-B, Cl A2
6.020%, 09/22/25 (A)		582,162		583,128
Tesla Auto Lease Trust, Ser 2023-B, Cl A3
6.130%, 09/21/26 (A)		408,000		410,311
Tesla Electric Vehicle Trust, Ser 2023-1, Cl A2A
5.540%, 12/21/26 (A)		1,070,000		1,069,383
Tesla Electric Vehicle Trust, Ser 2023-1, Cl A3
5.380%, 06/20/28 (A)		310,000		308,923
Toyota Auto Receivables Owner Trust, Ser 2022-B, Cl A3
2.930%, 09/15/26		758,328		745,220
Toyota Lease Owner Trust, Ser 2023-A, Cl A3
4.930%, 04/20/26 (A)		555,000		551,653
Tricolor Auto Securitization Trust, Ser 2023-1A, Cl A
6.480%, 08/17/26 (A)		136,936		136,940
USAA Auto Owner Trust, Ser 2023-A, Cl A3
5.580%, 05/15/28 (A)		1,000,000		999,739
Volkswagen Auto Lease Trust 2024-A, Ser 2024-A, Cl A3
5.210%, 06/21/27		320,000		317,629
Westlake Automobile Receivables Trust, Ser 2021-1A, Cl D
1.230%, 04/15/26 (A)		1,025,000		1,005,767
Westlake Automobile Receivables Trust, Ser 2023-1A, Cl A2A
5.510%, 06/15/26 (A)		375,535		375,306
Westlake Automobile Receivables Trust, Ser 2023-P1, Cl A2
5.890%, 02/16/27 (A)		362,277		362,760
Wheels Fleet Lease Funding 1, Ser 2023-1A, Cl A
5.800%, 04/18/38 (A)		1,550,000		1,548,874
Wheels Fleet Lease Funding 1, Ser 2023-2A, Cl A
6.460%, 08/18/38 (A)		1,255,000		1,262,655
World Omni Auto Receivables Trust, Ser 2020-C, Cl A3
0.480%, 11/17/25		77,257		76,962

The accompanying notes are an integral part of the financial statements.

CATHOLIC RESPONSIBLE INVESTMENTS SHORT DURATION BOND FUND

APRIL 30, 2024 (Unaudited)


ASSET-BACKED SECURITIES — continued

	Face Amount		Value
World Omni Select Auto Trust, Ser 2023-A, Cl A3
5.650%, 07/17/28	$	700,000	$	699,013

				73,095,913


Other Asset-Backed Securities — 9.0%
Affirm Asset Securitization Trust 2024-A, Ser 2024-A, Cl A
5.610%, 02/15/29 (A)		550,000		544,500
Affirm Asset Securitization Trust, Ser 2023-A, Cl 1A
6.610%, 01/18/28 (A)		755,000		757,939
Amur Equipment Finance Receivables XI, Ser 2022-2A, Cl A2
5.300%, 06/21/28 (A)		280,944		279,809
Amur Equipment Finance Receivables XIII, Ser 2024-1A, Cl A2
5.380%, 01/21/31 (A)		330,000		327,948
Amur Equipment Finance Receivables XIII, Ser 2024-1A, Cl B
5.370%, 01/21/31 (A)		190,000		186,907
Apidos CLO XXII, Ser 2020-22A, Cl A1R
6.646%, TSFR3M + 1.060%, 04/20/31 (A)(B)		695,495		697,128
Auxilior Term Funding, Ser 2023-1A, Cl A2
6.180%, 12/15/28 (A)		455,000		456,073
Bain Capital Credit CLO, Ser 2018-1A, Cl A1
6.548%, TSFR3M + 1.222%, 04/23/31 (A)(B)		1,261,092		1,262,536
BHG Securitization Trust, Ser 2022-C, Cl A
5.320%, 10/17/35 (A)		110,648		110,324
CCG Receivables Trust, Ser 2023-1, Cl A2
5.820%, 09/16/30 (A)		812,386		813,226
CIFC Funding, Ser 2017-5A, Cl A1
6.759%, TSFR3M + 1.180%, 11/16/30 (A)(B)		907,086		908,666
CNH Equipment Trust, Ser 2022-B, Cl A2
3.940%, 12/15/25		65,486		65,414
CNH Equipment Trust, Ser 2023-A, Cl A3
4.810%, 08/15/28		1,000,000		986,840
Dell Equipment Finance Trust, Ser 2022-2, Cl A2
4.030%, 07/22/27 (A)		1,691		1,690


ASSET-BACKED SECURITIES — continued

	Face Amount		Value
Dell Equipment Finance Trust, Ser 2023-2, Cl A2
5.840%, 01/22/29 (A)	$	212,316	$	212,399
Dell Equipment Finance Trust, Ser 2023-2, Cl A3
5.650%, 01/22/29 (A)		400,000		399,478
Dell Equipment Finance Trust, Ser 2023-3, Cl A3
5.930%, 04/23/29 (A)		590,000		592,363
Dext ABS, Ser 2023-2, Cl A2
6.560%, 05/15/34 (A)		1,110,966		1,112,784
DLLAA, Ser 2023-1A, Cl A3
5.640%, 02/22/28 (A)		475,000		474,388
DLLAD, Ser 2023-1A, Cl A2
5.190%, 04/20/26 (A)		386,449		385,359
DLLAD, Ser 2023-1A, Cl A3
4.790%, 01/20/28 (A)		685,000		672,962
DLLMT, Ser 2023-1A, Cl A3
5.340%, 03/22/27 (A)		1,500,000		1,489,279
DLLST, Ser 2024-1A, Cl A3
5.050%, 08/20/27 (A)		265,000		261,772
Evergreen Credit Card Trust Series, Ser 2022-CRT1, Cl B
5.610%, 07/15/26 (A)		2,000,000		1,995,358
FCI Funding, Ser 2021-1A, Cl A
1.130%, 04/15/33 (A)		80,805		80,472
Flatiron CLO 17, Ser 2021-1A, Cl AR
6.549%, TSFR3M + 1.242%, 05/15/30 (A)(B)		733,701		733,748
Frontier Issuer, Ser 2023-1, Cl A2
6.600%, 08/20/53 (A)		1,000,000		998,556
Frontier Issuer, Ser 2023-1, Cl C
11.500%, 08/20/53 (A)		1,000,000		1,002,230
Golub Capital Partners CLO, Ser 2017-24A, Cl AR
7.134%, TSFR3M + 1.862%, 11/05/29 (A)(B)		1,765,713		1,764,700
GoodLeap Sustainable Home Solutions Trust, Ser 2022-3CS, Cl B
5.500%, 07/20/49 (A)		500,000		414,412
Granite Park Equipment Leasing, Ser 2023-1A, Cl A2
6.510%, 05/20/30 (A)		1,495,000		1,500,102
GreatAmerica Leasing Receivables Funding Series, Ser 2022-1, Cl A2
4.920%, 05/15/25 (A)		236,923		236,453
GreatAmerica Leasing Receivables, Ser 2023-1, Cl A2
5.350%, 02/16/26 (A)		543,169		543,080

The accompanying notes are an integral part of the financial statements.

CATHOLIC RESPONSIBLE INVESTMENTS SHORT DURATION BOND FUND

APRIL 30, 2024 (Unaudited)


ASSET-BACKED SECURITIES — continued

	Face Amount		Value
GreatAmerica Leasing Receivables, Ser 2024-1, Cl A3
4.980%, 01/18/28 (A)	$	585,000	$	576,635
HPEFS Equipment Trust, Ser 2023-2A, Cl A3
5.990%, 01/21/31 (A)		285,000		285,930
John Deere Owner Trust, Ser 2023-A, Cl A3
5.010%, 11/15/27		850,000		843,744
Kubota Credit Owner Trust, Ser 2023-1A, Cl A2
5.400%, 02/17/26 (A)		339,607		339,142
Kubota Credit Owner Trust, Ser 2023-2A, Cl A2
5.610%, 07/15/26 (A)		1,682,242		1,680,488
Mariner Finance Issuance Trust, Ser 2020-AA, Cl A
2.190%, 08/21/34 (A)		1,047,810		1,034,456
Marlette Funding Trust, Ser 2022-3A, Cl A
5.180%, 11/15/32 (A)		43,288		43,238
MMAF Equipment Finance, Ser 2021-A, Cl A5
1.190%, 11/13/43 (A)		620,000		567,756
MMAF Equipment Finance, Ser 2023-A, Cl A2
5.790%, 11/13/26 (A)		1,014,176		1,014,726
Mosaic Solar Loan Trust, Ser 2020-1A, Cl B
3.100%, 04/20/46 (A)		146,894		125,301
Octagon Investment Partners 35, Ser 2018-1A, Cl A1A
6.646%, TSFR3M + 1.060%, 01/20/31 (A)(B)		1,191,903		1,193,202
Octagon Investment Partners 36, Ser 2018-1A, Cl A1
6.560%, TSFR3M + 0.970%, 04/15/31 (A)(B)		476,553		477,058
OnDeck Asset Securitization Trust III, Ser 2021-1A, Cl A
1.590%, 05/17/27 (A)		1,910,000		1,905,435
PFS Financing, Ser 2024-B, Cl A
4.950%, 02/15/29 (A)		2,050,000		2,014,138
Prosper Marketplace Issuance Trust, Ser 2023-1A, Cl A
7.060%, 07/16/29 (A)		215,930		216,859
RR 24, Ser 2023-24A, Cl A1AR
7.059%, TSFR3M + 1.730%, 01/15/36 (A)(B)		1,295,000		1,300,113
SCF Equipment Leasing, Ser 2022-2A, Cl A2
6.240%, 07/20/28 (A)		111,473		111,524


ASSET-BACKED SECURITIES — continued

	Face Amount		Value
SCF Equipment Leasing, Ser 2023-1A, Cl A2
6.560%, 01/22/30 (A)	$	1,285,000	$	1,289,665
SoFi Consumer Loan Program Trust, Ser 2023-1S, Cl A
5.810%, 05/15/31 (A)		63,507		63,466
Sunnova Helios XI Issuer, Ser 2023-A, Cl A
5.300%, 05/20/50 (A)		950,475		915,530
Sunnova Helios XII Issuer, Ser 2023-B, Cl A
5.300%, 08/22/50 (A)		960,527		922,255
TCI-Flatiron CLO, Ser 2021-1A, Cl AR
6.541%, TSFR3M + 1.222%, 11/18/30 (A)(B)		481,152		481,349
Verizon Master Trust, Ser 2023- 2, Cl A
4.890%, 04/13/28		1,575,000		1,564,130
VFI ABS, Ser 2023-1A, Cl A
7.270%, 03/26/29 (A)		458,825		459,923
Vivint Solar Financing V, Ser 2018-1A, Cl A
4.730%, 04/30/48 (A)		440,540		395,993
Vivint Solar Financing V, Ser 2018-1A, Cl B
7.370%, 04/30/48 (A)		253,246		235,217
Vivint Solar Financing VII, Ser 2020-1A, Cl B
3.220%, 07/31/51 (A)		886,122		654,261

				42,980,429

Total Asset-Backed Securities (Cost $116,322,806)				116,076,342


U.S. TREASURY OBLIGATIONS — 22.4%

U.S. Treasury Notes
4.875%, 04/30/26(D)	$	444,000	$	442,560
4.250%, 10/15/25(D)		7,000,000		6,909,766
4.000%, 12/15/25(D)		5,000,000		4,911,133
4.000%, 02/15/26(D)		19,800,000		19,428,750
3.000%, 10/31/25(D)		2,450,000		2,374,107
2.875%, 06/15/25(D)		28,000,000		27,285,781
2.625%, 03/31/25(D)		2,270,000		2,217,174
2.500%, 05/31/24(D)		450,000		448,910
1.875%, 06/30/26(D)		33,900,000		31,745,496
1.875%, 07/31/26(D)		3,150,000		2,943,035
0.250%, 06/30/25(D)		9,150,000		8,640,674


Total U.S. Treasury Obligations (Cost $110,046,366)				107,347,386

The accompanying notes are an integral part of the financial statements.

CATHOLIC RESPONSIBLE INVESTMENTS SHORT DURATION BOND FUND

APRIL 30, 2024 (Unaudited)


MORTGAGE-BACKED SECURITIES — 11.6%

	Face Amount		Value
Agency Mortgage-Backed Obligation — 6.9%
FHLMC
5.000%, 07/01/35	$	104,366	$	102,036
FHLMC, Ser 2003-2690, Cl TZ
4.500%, 10/15/33		1,065,505		1,032,182
FHLMC, Ser 2016-4632, Cl MA
4.000%, 08/15/54		1,098,362		1,034,905
FHLMC, Ser 2017-4750, Cl PA
3.000%, 07/15/46		502,251		465,606
FHLMC, Ser 2022-5243, Cl A
5.000%, 12/25/48		2,455,263		2,392,594
FHLMC, Ser 2023-5290, Cl DE
5.000%, 11/25/44		2,721,783		2,646,045
FNMA
5.000%, 03/01/34		81,613		79,680
3.500%, 11/01/34		871,363		850,345
3.000%, 02/01/35		1,463,881		1,387,548
3.000%, 03/01/33		774,626		729,922
FNMA, Ser 2009-62, Cl WA
5.579%, 08/25/39 (B)		21,213		20,923
FNMA, Ser 2011-17, Cl ZM
3.500%, 03/25/31		1,442,622		1,376,529
FNMA, Ser 2013-104, Cl TY
3.000%, 10/25/33		2,377,266		2,201,276
FNMA, Ser 2013-43, Cl MB
3.500%, 05/25/33		985,213		931,263
FNMA, Ser 2015-78, Cl CE
2.500%, 11/25/45		1,158,977		1,053,638
FNMA, Ser 2017-12, Cl KE
3.000%, 03/25/47		462,814		425,663
FNMA, Ser 2017-19, Cl EA
3.000%, 03/25/47		1,172,243		1,083,353
FNMA, Ser 2017-87, Cl P
3.000%, 02/25/46		1,349,201		1,252,382
FNMA, Ser 2019-18, Cl A
3.500%, 05/25/49		514,938		472,470
FNMA, Ser 2022-29, Cl MG
4.500%, 11/25/42		1,486,634		1,419,483
FNMA, Ser 2022-76, Cl HC
5.000%, 12/25/43		2,335,077		2,267,762
GNMA, Ser 2011-57, Cl BA
3.000%, 05/20/40		15,303		14,992
GNMA, Ser 2016-131, Cl A
2.200%, 04/16/57		56,964		56,269
GNMA, Ser 2017-99, Cl WA
4.920%, 12/20/32 (B)		150,517		146,637
GNMA, Ser 2022-177, Cl LA
3.500%, 01/20/52		215,788		208,106
GNMA, Ser 2023-131, Cl BT
4.000%, 03/20/49		4,562,674		4,291,287
GNMA, Ser 2023-146, Cl CT
5.000%, 10/20/34		948,342		930,288


MORTGAGE-BACKED SECURITIES — continued

	Face Amount		Value
GNMA, Ser 2023-49, Cl A
4.500%, 07/20/48	$	4,465,202	$	4,259,960

				33,133,144

Non-Agency Mortgage-Backed Obligation — 4.7%
BANK, Ser 2018-BN10, Cl ASB
3.641%, 02/15/61		315,607		305,042
BX Commercial Mortgage Trust 2022-AHP, Ser AHP, Cl B
7.161%, TSFR1M + 1.840%, 01/17/39 (A)(B)		1,750,000		1,721,016
BX Commercial Mortgage Trust, Ser 2022-AHP, Cl A
6.311%, TSFR1M + 0.990%, 01/17/39 (A)(B)		492,000		487,387
BX Commercial Mortgage Trust, Ser 2022-AHP, Cl AS
6.811%, TSFR1M + 1.490%, 01/17/39 (A)(B)		2,500,000		2,459,375
BX Trust, Ser 2022-CLS, Cl B
6.300%, 10/13/27 (A)		2,200,000		2,039,286
CHL Mortgage Pass-Through Trust, Ser 2004-29, Cl 1A1
5.971%, TSFR1M + 0.540%, 02/25/35 (B)		6,296		5,740
COMM Mortgage Trust, Ser 2015-LC19, Cl A4
3.183%, 02/10/48		1,275,000		1,250,313
CSAIL Commercial Mortgage Trust, Ser 2015-C1, Cl ASB
3.351%, 04/15/50		156,016		155,238
CSAIL Commercial Mortgage Trust, Ser 2018-CX11, Cl A3
4.095%, 04/15/51		37,368		36,106
DBUBS Mortgage Trust, Ser 2017-BRBK, Cl E
3.648%, 10/10/34 (A)(B)		521,000		425,098
Extended Stay America Trust, Ser 2021-ESH, Cl B
6.816%, TSFR1M + 1.494%, 07/15/38 (A)(B)		1,005,681		1,004,110
FHLMC Multifamily ML Certificates, Ser 2023-ML18, Cl XCA, IO
1.507%, 09/25/37 (B)		17,260,000		1,769,723
GSR Mortgage Loan Trust, Ser 2004-9, Cl 3A1
4.940%, 08/25/34 (B)		13,780		12,796
Hudson Yards Mortgage Trust, Ser 2016-10HY, Cl A
2.835%, 08/10/38 (A)		1,000,000		925,572
JP Morgan Mortgage Trust, Ser 2006-A2, Cl 4A1
5.521%, 08/25/34 (B)		11,029		10,951

The accompanying notes are an integral part of the financial statements.

CATHOLIC RESPONSIBLE INVESTMENTS SHORT DURATION BOND FUND

APRIL 30, 2024 (Unaudited)


MORTGAGE-BACKED SECURITIES — continued

	Face Amount		Value
Life Mortgage Trust, Ser 2021-BMR, Cl A
6.136%, TSFR1M + 0.814%, 03/15/38 (A)(B)	$	1,867,643	$	1,843,130
Manhattan West Mortgage Trust, Ser 2020-1MW, Cl C
2.413%, 09/10/39 (A)(B)		214,000		183,977
MHC Commercial Mortgage Trust, Ser 2021-MHC, Cl A
6.236%, TSFR1M + 0.915%, 04/15/38 (A)(B)		3,900,777		3,876,397
Morgan Stanley Bank of America Merrill Lynch Trust, Ser 2015-C20, Cl ASB
3.069%, 02/15/48		124,081		123,332
OBX Trust, Ser 2023-NQM2, Cl A1
6.319%, 01/25/62 (A)(E)		777,970		775,109
One Market Plaza Trust, Ser 2017-1MKT, Cl B
3.845%, 02/10/32 (A)		2,000,000		1,778,221
Sequoia Mortgage Trust, Ser 2013-2, Cl A
1.874%, 02/25/43 (B)		80,950		64,942
STWD Mortgage Trust, Ser 2021-LIH, Cl D
7.740%, TSFR1M + 2.419%, 11/15/36 (A)(B)		450,000		441,562
Vantage Data Centers Issuer, Ser 2019-1A, Cl A2
3.188%, 07/15/44 (A)		659,989		655,545

				22,349,968

Total Mortgage-Backed Securities (Cost $55,846,929)				55,483,112


MUNICIPAL BONDS — 3.5%


California — 0.8%
California Community Choice Financing Authority, RB
6.125%, 04/01/30	$	1,420,000	$	1,414,080
5.950%, 08/01/29		825,000		819,642
City of Union City California, RB
5.920%, 07/01/24		910,000		909,859
Mount Diablo Unified School District, Ser B-NE, GO
5.548%, 08/01/27		500,000		500,750

				3,644,331


District of Columbia — 0.1%
District of Columbia, RB
3.850%, 02/28/25		500,000		491,528


MUNICIPAL BONDS — continued

	Face Amount		Value

Florida — 0.4%
Florida Development Finance, RB
8.250%, 07/01/57 (A)(B)	$	1,000,000	$	1,001,864
7.500%, 07/01/57 (A)(B)		1,000,000		995,028

				1,996,892


Hawaii — 0.2%
State of Hawaii Department of Business Economic Development & Tourism, Ser A-2, RB
3.242%, 01/01/31		907,822		865,685


Illinois — 0.2%
Chicago Housing Authority, Ser B, RB
3.822%, 01/01/26		250,000		244,239
Village of Deerfield Illinois, Ser B, GO
4.000%, 12/01/28		1,250,000		1,207,995

				1,452,234


Indiana — 0.0%
City of Fort Wayne Indiana, RB
10.750%, 12/01/29		117,179		12


Louisiana — 0.2%
Louisiana Local Government Environmental Facilities & Community Development Authority, RB
3.615%, 02/01/29		779,632		758,883


Montana — 0.1%
County of Gallatin Montana, RB
11.500%, 09/01/27 (A)		250,000		253,880


New Hampshire — 0.4%
New Hampshire Business Finance Authority, RB
5.580%, 02/01/29 (A)(B)		1,000,000		1,000,000
5.430%, 07/01/33 (A)(B)		850,000		850,000

				1,850,000


New Jersey — 0.4%
New Jersey Economic Development Authority, RB
4.984%, 03/01/27		1,000,000		987,573
4.927%, 03/01/26		1,000,000		988,883

				1,976,456

The accompanying notes are an integral part of the financial statements.

CATHOLIC RESPONSIBLE INVESTMENTS SHORT DURATION BOND FUND

APRIL 30, 2024 (Unaudited)


MUNICIPAL BONDS — continued

	Face Amount		Value

New York — 0.1%
New York State Energy Research & Development Authority, Ser A, RB
4.480%, 04/01/25	$	500,000	$	493,082


Oklahoma — 0.1%
Oklahoma Development Finance Authority, Ser C, RB
5.450%, 08/15/28		600,000		586,056


Oregon — 0.3%
Warm Springs Reservation Confederated Tribe, Ser G, RB
2.370%, 11/01/27 (A)		1,000,000		896,207
2.165%, 11/01/26 (A)		500,000		458,581

				1,354,788


South Dakota — 0.0%
South Dakota Housing Development Authority, Ser E, RB
5.460%, 05/01/53		250,000		246,159


Virginia — 0.2%
Fairfax County Economic Development Authority, RB
5.589%, 10/01/24		1,000,000		1,000,506


Total Municipal Bonds (Cost $17,182,260)				16,970,492


SOVEREIGN DEBT — 1.6%


CANADA — 0.8%
CDP Financial MTN
1.000%, 05/26/26(A)	$	1,000,000	$	918,183
Hydro-Quebec
8.050%, 07/07/24		3,000,000		3,011,943


				3,930,126


FRANCE — 0.3%
Caisse d’Amortissement de la Dette Sociale
3.000%, 05/17/25(A)		428,000		417,082
0.375%, 05/27/24(A)		1,000,000		996,463


				1,413,545


SOVEREIGN DEBT — continued

	Face Amount		Value

SOUTH KOREA — 0.1%
Korea Electric Power
4.875%, 01/31/27(A)	$	250,000	$	246,083


SUPRANATIONAL — 0.2%
European Investment Bank MTN
2.875%, 06/13/25		1,000,000		973,151


SWEDEN — 0.2%
Kommuninvest I Sverige
4.625%, 09/29/28(A)		1,000,000		989,077


Total Sovereign Debt (Cost $7,623,180)				7,551,982


BANK LOAN OBLIGATION — 0.5%

ECOLOGICAL SERVICES & EQUIPMENT — 0.5%
Terraform Power Operating Specified Refinancing Term Loan
7.842%, TSFR1M +
2.500%, 05/21/29(B)		2,267,588		2,259,787


Total Bank Loan Obligation (Cost $2,262,789)				2,259,787


U.S. GOVERNMENT AGENCY OBLIGATIONS — 0.4%

Export-Import Bank of the United States
2.628%, 11/12/26	$	1,490,277	$	1,424,641
1.900%, 07/12/24		109,796		108,965
United States International Development Finance
1.790%, 10/15/29		326,205		294,112


Total U.S. Government Agency Obligations (Cost $1,933,557)				1,827,718

The accompanying notes are an integral part of the financial statements.

CATHOLIC RESPONSIBLE INVESTMENTS SHORT DURATION BOND FUND

APRIL 30, 2024 (Unaudited)


REPURCHASE AGREEMENTS — 0.3%

	Face Amount		Value
Barclays Capital 5.300%, dated 04/30/24, to be repurchased on 05/01/24, repurchase price $700,103 (collateralized by a U.S. Treasury Obligation, par value $900,100, 0.625%, 05/15/2030; with total market value $714,016)	$	700,000	$	700,000
Socgen Triparty Tsy 5.300%, dated 04/30/24, to be repurchased on 05/01/24, repurchase price $700,103 (collateralized by a U.S. Treasury Obligation, par value $750,300, 0.000%, 04/17/2025; with total market value $714,006)		700,000		700,000


Total Repurchase Agreements (Cost $1,400,000)				1,400,000

Total Investments in Securities— 99.6% (Cost $481,805,146)			$	476,062,984

Percentages are based on Net Assets of $477,857,860.

A list of the open futures contracts held by the Fund at April 30, 2024, is as follows:



Type of Contract	Number of Contracts		Expiration Date		Notional Amount			Value			Unrealized Appreciation/ (Depreciation)

Long Contracts U.S. 2-Year Treasury Note		331		Jun-2024		$67,738,467			$67,079,219			$(659,248)

Short Contracts U.S. 5-Year Treasury Note		(8)		Jun-2024		(853,833	)		(837,937	)		15,896

						$66,884,634			$66,241,282			$(643,352)

‡	Real Estate Investment Trust.

(A)

(B)

(C)	Zero coupon security.

(D)	Interest rate represents the security’s effective yield at the time of purchase.

(E)	Step coupon security. Coupon rate will either increase (step-up bond) or decrease (step-down bond) at regular intervals until maturity. Interest rate shown reflects the rate currently in effect.

The accompanying notes are an integral part of the financial statements.

CATHOLIC RESPONSIBLE INVESTMENTS SHORT DURATION BOND FUND

APRIL 30, 2024 (Unaudited)

ABS — Asset-Backed Security

AGM— Assured Guaranty Municipal

Cl — Class

CLO — Collateralized Loan Obligation

DAC — Designated Activity Company

FHLMC — Federal Home Loan Mortgage Corporation

FNMA — Federal National Mortgage Association

GNMA — Government National Mortgage Association

GO — General Obligation

H15T1Y — US Treasury Yield Curve Rate T Note Constant Maturity 1 Year

IO — Interest Only — face amount represents notional amount

L.P. — Limited Partnership

MTN — Medium Term Note

NATL— National Public Finance Guarantee Corporation

RB — Revenue Bond

Ser — Series

SOFRINDX — Secured Overnight Financing Rate Index

SOFRRATE — Secured Overnight Financing Rate

TSFR1M — Term Secured Overnight Financing Rate 1 Month

TSFR3M — Term Secured Overnight Financing Rate 3 Month

The following is a summary of the inputs used as of April 30, 2024, in valuing the Fund’s investments carried at market value:


Investments in Securities	Level 1			Level 2		Level 3		Total
Corporate Obligations	$	—		$	167,146,165	$	—	$	167,146,165
Asset-Backed Securities		—			116,076,342		—		116,076,342
U.S. Treasury Obligations		—			107,347,386		—		107,347,386
Mortgage- Backed Securities		—			55,483,112		—		55,483,112
Municipal Bonds		—			16,970,492		—		16,970,492
Sovereign Debt		—			7,551,982		—		7,551,982
Bank Loan Obligation		—			2,259,787		—		2,259,787
U.S. Government Agency Obligations		—			1,827,718		—		1,827,718
Repurchase Agreements		—			1,400,000		—		1,400,000

Total Investments in Securities	$	—		$	476,062,984	$	—	$	476,062,984


Other Financial Instruments	Level 1			Level 2		Level 3		Total
Futures Contracts*
Unrealized Appreciation	$	15,896		$	–	$	–	$	15,896
Unrealized Depreciation		(659,248	)		–		–		(659,248	)

Total Other Financial Instruments	$	(643,352	)	$	–	$	–	$	(643,352	)

Amounts designated as “–” are $0.

For more information on valuation inputs, see Note 2 — Significant Accounting Policies in the Notes to Financial Statements.

The accompanying notes are an integral part of the financial statements.

CATHOLIC RESPONSIBLE INVESTMENTS BOND FUND

APRIL 30, 2024 (Unaudited)

SECTOR WEIGHTINGS ^†

LOGO

† Percentages are based on total investments. Total investments do not include derivatives such as options, futures contracts, forward contracts, and swap contracts, if applicable.

SCHEDULE OF INVESTMENTS

MORTGAGE-BACKED SECURITIES — 32.7%



	Face Amount		Value
Agency Mortgage-Backed Obligation — 29.5%
FHLMC
7.000%, 11/01/32	$	174,231	$	178,053
7.000%, 10/01/32		5,342		5,483
7.000%, 09/01/32		10,159		10,382
7.000%, 07/01/32		2,344		2,396
7.000%, 06/01/32		38,970		39,907
6.532%, RFUCCT1Y +
1.634%, 05/01/46 (A)		17,495		17,691
6.500%, 01/01/38		696		711
6.500%, 11/01/37		1,135		1,138
6.500%, 09/01/37		14,045		14,099
6.500%, 08/01/37		2,011		2,052
6.500%, 12/01/32		59,989		61,375
6.500%, 12/01/31		1,575		1,596
6.428%, RFUCCT1Y +
1.625%, 12/01/45 (A)		102,414		104,573
6.407%, RFUCCT1Y +
1.697%, 04/01/38 (A)		82,544		84,328
6.285%, RFUCCT1Y +
2.035%, 09/01/37 (A)		1,746		1,741
6.224%, RFUCCT1Y +
1.724%, 04/01/36 (A)		5,257		5,252
6.204%, RFUCCT1Y +
1.980%, 04/01/40 (A)		4,007		4,003
6.145%, RFUCCT1Y +
1.877%, 01/01/42 (A)		30,407		30,883
6.081%, RFUCCT1Y +
1.655%, 08/01/44 (A)		207,236		210,456
6.016%, RFUCCT1Y +
1.777%, 11/01/39 (A)		75,710		77,770
6.000%, 05/01/39		32,830		33,307
6.000%, 04/01/39		14,879		15,019
6.000%, 02/01/39		12,748		12,932
6.000%, 09/01/38		8,068		8,186


MORTGAGE-BACKED SECURITIES — continued

	Face Amount		Value
6.000%, 06/01/38	$	3,003	$	2,984
6.000%, 11/01/36		22,326		22,438
6.000%, 12/01/33		8,510		8,633
5.983%, RFUCCT1Y +
1.630%, 02/01/45 (A)		12,817		12,999
5.981%, RFUCCT1Y +
1.630%, 02/01/45 (A)		124,974		126,832
5.921%, RFUCCT1Y +
1.630%, 01/01/45 (A)		112,900		113,266
5.915%, RFUCCT1Y +
1.788%, 08/01/42 (A)		2,587		2,627
5.880%, RFUCCT1Y +
1.630%, 12/01/44 (A)		31,159		31,525
5.880%, RFUCCT1Y +
1.630%, 07/01/44 (A)		16,831		16,909
5.878%, RFUCCT1Y +
1.613%, 01/01/44 (A)		24,137		24,430
5.804%, RFUCCT1Y +
1.607%, 11/01/44 (A)		282,951		287,942
5.771%, RFUCCT1Y +
1.609%, 10/01/44 (A)		42,998		43,791
5.761%, RFUCCT1Y +
1.630%, 01/01/45 (A)		18,763		19,088
5.547%, RFUCCT1Y +
1.814%, 10/01/41 (A)		7,061		7,204
5.500%, 12/01/53		2,291,522		2,229,543
5.500%, 06/01/37		491		487
5.500%, 01/01/35		66,703		66,502
5.227%, RFUCCT1Y +
1.650%, 04/01/43 (A)		31,276		30,531
5.144%, RFUCCT1Y +
1.614%, 11/01/44 (A)		29,075		29,559
5.005%, RFUCCT1Y +
1.630%, 05/01/44 (A)		2,618		2,589
5.000%, 03/01/54		10,705,005		10,167,021
5.000%, 12/01/52		2,248,615		2,132,324
5.000%, 09/01/52		1,887,244		1,789,547
5.000%, 04/01/34		4,699		4,595
4.500%, 09/01/53		3,796,104		3,513,578
4.500%, 10/01/52		4,578,869		4,221,153
4.500%, 09/01/52		6,548,199		6,036,630
4.500%, 09/01/48		635,059		596,899
4.500%, 03/01/47		435,060		411,444
4.500%, 03/01/46		79,697		75,457
4.500%, 11/01/45		160,676		152,159
4.500%, 02/01/45		536,616		503,265
4.500%, 10/01/44		23,435		22,143
4.500%, 08/01/44		410,318		388,491
4.500%, 07/01/44		129,071		122,200
4.500%, 03/01/44		10,133		9,594
4.500%, 01/01/44		88,473		83,764
4.500%, 12/01/43		79,013		74,652
4.500%, 11/01/43		9,540		9,087
4.500%, 05/01/42		37,697		34,901

The accompanying notes are an integral part of the financial statements.

CATHOLIC RESPONSIBLE INVESTMENTS BOND FUND

APRIL 30, 2024 (Unaudited)


MORTGAGE-BACKED SECURITIES — continued

	Face Amount		Value
4.500%, 09/01/41	$	124,127	$	118,139
4.500%, 07/01/41		18,115		17,241
4.500%, 05/01/41		38,286		36,438
4.500%, 04/01/40		51,217		48,747
4.500%, 12/01/33		15,944		15,480
4.500%, 06/01/31		15,166		14,788
4.500%, 06/01/26		576		572
4.500%, 02/01/26		2,692		2,675
4.250%, 09/01/42		877,241		807,581
4.209%, SOFR30A +
2.281%, 09/01/52 (A)		909,051		867,319
4.000%, 03/01/53		1,325,000		1,185,777
4.000%, 09/01/52		1,204,225		1,077,968
4.000%, 08/01/52		1,296,470		1,169,394
4.000%, 01/01/52		1,154,618		1,035,068
4.000%, 05/01/46		680,159		623,828
4.000%, 07/01/34		54,960		52,369
4.000%, 10/01/31		32,460		31,133
3.500%, 07/01/52		9,074,542		7,868,178
3.500%, 06/01/52		5,714,053		4,934,209
3.500%, 05/01/52		10,818,566		9,351,756
3.500%, 04/01/52		14,344,164		12,410,191
3.500%, 02/01/52		516,560		447,538
3.500%, 01/01/52		3,011,702		2,620,239
3.500%, 04/01/37		366,865		338,638
3.172%, RFUCCT1Y +
1.630%, 02/01/45 (A)		139,804		139,444
3.000%, 06/01/52		1,665,520		1,377,626
3.000%, 03/01/52		1,344,178		1,129,114
3.000%, 11/01/50		1,714,783		1,433,065
3.000%, 02/01/50		3,236,245		2,717,978
2.500%, 09/01/52		7,818,574		6,194,388
2.500%, 05/01/52		2,639,528		2,123,440
2.500%, 02/01/51		2,294,393		1,851,227
2.500%, 11/01/50		3,635,776		2,930,466
2.500%, 10/01/50		2,897,501		2,340,781
2.500%, 07/01/50		4,804,474		3,869,677
2.500%, 01/01/36		995,109		888,747
2.000%, 06/01/52		1,771,335		1,340,854
2.000%, 04/01/52		1,786,392		1,352,043
2.000%, 03/01/52		2,986,871		2,288,318
2.000%, 01/01/52		1,402,234		1,076,084
2.000%, 12/01/50		3,562,329		2,740,934
2.000%, 11/01/50		1,314,410		1,014,580
2.000%, 09/01/50		1,198,728		919,478
2.000%, 07/01/50		5,390,849		4,153,436
2.000%, 02/01/42		1,682,533		1,359,974
FHLMC Multifamily ML Certificates, Ser ML13, Cl ACA
2.875%, 07/25/36		1,206,140		1,038,384
FHLMC Multifamily Variable Rate Certificate, Ser M069, Cl A
4.013%, 04/15/37		1,225,000		1,087,523


MORTGAGE-BACKED SECURITIES — continued

	Face Amount		Value
FHLMC Structured Pass-Through Certificates, Ser 2002-41, Cl 2A
4.777%, 07/25/32 (A)	$	18,391	$	17,476
FHLMC Structured Pass-Through Certificates, Ser 2002-48, Cl 1A
4.412%, 07/25/33 (A)		171,139		158,389
FHLMC Structured Pass-Through Certificates, Ser 2002-51, Cl 1A
6.500%, 09/25/43 (A)		109,525		106,182
FHLMC Structured Pass-Through Certificates, Ser 2002-51, Cl 2A
7.500%, 08/25/42 (A)		44,308		41,763
FHLMC Structured Pass-Through Certificates, Ser 2003-54, Cl 3A
7.000%, 02/25/43		325,340		331,086
FHLMC Structured Pass-Through Certificates, Ser 2003-57, Cl 1A2
7.000%, 07/25/43		19,270		19,626
FHLMC, Ser 1998-2084, Cl ZC
6.500%, 08/15/28		28,181		28,103
FHLMC, Ser 2001-2295, Cl BD
6.000%, 03/15/31		8,691		8,722
FHLMC, Ser 2003-2676, Cl PZ
5.500%, 09/15/33		35,236		35,266
FHLMC, Ser 2005-2944, Cl OH
5.500%, 03/15/35		136,617		135,753
FHLMC, Ser 2005-2957, Cl VZ
5.000%, 02/15/35		36,994		36,427
FHLMC, Ser 2006-3143, Cl BC
5.500%, 02/15/36		106,825		107,226
FHLMC, Ser 2006-3185, Cl GT
6.000%, 07/15/26		19,515		19,465
FHLMC, Ser 2007-3330, Cl GZ
5.500%, 06/15/37		2,485		2,414
FHLMC, Ser 2013-299, Cl F1
5.945%, SOFR30A +
0.614%, 01/15/43 (A)		144,986		142,309
FHLMC, Ser 2013-4283, Cl EW
4.500%, 12/15/43 (A)		105,302		101,258
FHLMC, Ser 2014-4319, Cl MA
4.500%, 03/15/44 (A)		190,734		180,247
FHLMC, Ser 2015-4440, Cl ZD
2.500%, 02/15/45		3,588,223		3,022,428
FHLMC, Ser 2021-5092, Cl BC
2.500%, 06/25/36		279,851		273,203
FHLMC, Ser 2021-5133, Cl BD
3.000%, 07/25/41		2,453,528		2,175,166

The accompanying notes are an integral part of the financial statements.

CATHOLIC RESPONSIBLE INVESTMENTS BOND FUND

APRIL 30, 2024 (Unaudited)


MORTGAGE-BACKED SECURITIES — continued

	Face Amount		Value
FNMA
7.000%, 12/01/37	$	260	$	267
7.000%, 08/01/32		105,514		107,708
7.000%, 11/01/29		31,729		32,389
6.500%, 01/01/49		5,053		5,223
6.500%, 10/01/39		33,982		35,017
6.500%, 08/01/39		14,390		14,664
6.500%, 10/01/38		11,899		12,215
6.500%, 03/01/38		5,139		5,222
6.500%, 02/01/38		3,361		3,436
6.500%, 12/01/37		13,086		13,349
6.500%, 11/01/37		780		805
6.500%, 03/01/35		148,220		150,870
6.500%, 05/01/33		2,003		2,022
6.500%, 12/01/32		7,369		7,544
6.500%, 08/01/32		18,192		18,359
6.167%, H15T1Y + 2.298%,
08/01/34 (A)		8,091		8,094
6.143%, H15T1Y + 2.143%,
08/01/34 (A)		288		288
6.072%, H15T1Y + 1.999%,
09/01/34 (A)		594		606
6.050%, RFUCCT1Y +
1.550%, 02/01/44 (A)		641		641
6.036%, RFUCCT1Y +
1.786%, 12/01/39 (A)		9,702		9,717
6.000%, 07/01/39		53,766		54,472
6.000%, 05/01/38		28,097		28,455
6.000%, 08/01/37		71,987		72,733
6.000%, 07/01/37		18,693		18,939
6.000%, 03/01/37		9,293		9,415
6.000%, 09/01/36		52,544		53,161
6.000%, 03/01/36		6,594		6,685
6.000%, 11/01/35		9,687		9,814
6.000%, 07/01/35		4,226		4,280
6.000%, 04/01/35		42,536		43,150
6.000%, 04/01/34		9,920		10,050
6.000%, 03/01/34		147,689		149,593
6.000%, 12/01/33		2,707		2,741
6.000%, 11/01/33		2,640		2,675
6.000%, 12/01/32		3,429		3,475
5.979%, RFUCCT1Y +
1.790%, 06/01/38 (A)		4,072		4,171
5.958%, RFUCCT1Y +
1.583%, 02/01/44 (A)		14,052		14,302
5.956%, RFUCCT1Y +
1.815%, 07/01/41 (A)		46,927		48,423
5.930%, RFUCCT1Y +
1.551%, 02/01/44 (A)		9,272		9,422
5.908%, RFUCCT1Y +
1.683%, 11/01/36 (A)		5,449		5,419
5.850%, RFUCCT1Y +
1.600%, 12/01/44 (A)		24,378		24,830


MORTGAGE-BACKED SECURITIES — continued

	Face Amount		Value
5.844%, RFUCCT1Y +
1.685%, 06/01/42 (A)	$	10,392	$	10,250
5.840%, RFUCCT1Y +
1.590%, 12/01/44 (A)		100,991		102,582
5.837%, RFUCCT1Y +
1.698%, 04/01/44 (A)		67,334		68,109
5.830%, RFUCCT1Y +
1.580%, 09/01/44 (A)		1,660		1,694
5.827%, RFUCCT1Y +
1.577%, 10/01/44 (A)		146,030		148,522
5.814%, RFUCCT1Y +
1.564%, 01/01/44 (A)		52,955		52,954
5.729%, RFUCCT1Y +
1.577%, 08/01/43 (A)		2,955		2,947
5.718%, RFUCCT1Y +
1.556%, 01/01/45 (A)		23,190		23,573
5.552%, RFUCCT1Y +
1.590%, 07/01/44 (A)		104,501		106,992
5.528%, RFUCCT1Y +
1.470%, 06/01/35 (A)		2,613		2,652
5.500%, 02/01/38		2,408		2,366
5.500%, 04/01/37		98,703		98,271
5.500%, 09/01/36		8,387		8,350
5.500%, 10/01/35		42,379		41,985
5.500%, 04/01/35		130,073		130,641
5.500%, 11/01/33		5,053		5,031
5.500%, 06/01/33		28,560		28,435
5.500%, 11/01/29		4,254		4,256
5.500%, 01/01/25		7		7
5.494%, RFUCCT1Y +
1.568%, 05/01/45 (A)		208,350		210,407
5.452%, RFUCCT1Y +
1.566%, 05/01/44 (A)		58,441		59,290
5.355%, RFUCCT1Y +
1.580%, 04/01/44 (A)		110,198		112,014
5.208%, RFUCCT1Y +
1.562%, 06/01/44 (A)		43,348		44,316
5.186%, RFUCCT1Y +
1.653%, 05/01/46 (A)		26,587		26,595
5.137%, RFUCCT1Y +
1.460%, 05/01/35 (A)		17,859		18,244
5.000%, 11/01/52		21,509,340		20,422,652
5.000%, 06/01/52		1,424,682		1,352,312
5.000%, 03/01/49		168,047		161,391
5.000%, 12/01/48		148,205		143,295
5.000%, 08/01/40		12,343		11,976
5.000%, 09/01/39		37,471		36,589
5.000%, 09/01/25		8		8
4.856%, RFUCCT1Y +
1.580%, 09/01/47 (A)		154,671		158,198
4.500%, 09/01/52		9,308,900		8,581,656
4.500%, 03/01/52		337,338		318,510
4.500%, 06/01/48		262,708		246,635
4.500%, 07/01/47		84,552		80,359

The accompanying notes are an integral part of the financial statements.

CATHOLIC RESPONSIBLE INVESTMENTS BOND FUND

APRIL 30, 2024 (Unaudited)


MORTGAGE-BACKED SECURITIES — continued

	Face Amount		Value
4.500%, 02/01/46	$	553,645	$	525,815
4.500%, 09/01/45		45,021		42,567
4.500%, 02/01/45		193,454		182,907
4.500%, 10/01/44		23,837		22,538
4.500%, 09/01/43		7,211		6,818
4.500%, 01/01/43		480,713		452,350
4.500%, 07/01/42		173,829		165,213
4.500%, 01/01/42		54,431		51,736
4.500%, 12/01/41		25,776		24,497
4.500%, 11/01/41		23,420		22,258
4.500%, 09/01/41		12,513		11,769
4.500%, 08/01/41		12,186		11,581
4.500%, 05/01/41		902,914		856,469
4.500%, 06/01/36		20,777		19,775
4.500%, 09/01/31		34,905		33,943
4.500%, 06/01/31		10,210		9,940
4.500%, 01/01/31		90,349		87,949
4.500%, 08/01/26		26,214		25,996
4.500%, 10/01/24		2,535		2,522
4.108%, RFUCCT1Y +
1.580%, 11/01/44 (A)		15,386		15,643
4.000%, 01/01/57		5,819,260		5,217,582
4.000%, 10/01/52		2,502,732		2,253,898
4.000%, 09/01/52		2,208,684		1,979,555
4.000%, 08/01/52		4,038,365		3,619,288
4.000%, 07/01/52		1,732,960		1,550,683
4.000%, 06/01/52		36,797,331		32,949,229
4.000%, 04/01/52		1,545,834		1,398,566
4.000%, 10/01/51		1,538,514		1,382,738
4.000%, 04/01/48		1,488,880		1,361,961
4.000%, 03/01/46		3,392,067		3,108,536
4.000%, 01/01/37		301,568		284,776
4.000%, 11/01/35		57,508		54,474
4.000%, 01/01/35		945,084		896,978
4.000%, 10/01/34		473,528		453,993
4.000%, 06/01/34		550,878		524,828
4.000%, 03/01/34		215,765		205,435
4.000%, 11/01/33		338,297		322,384
4.000%, 10/01/33		43,035		40,952
4.000%, 10/01/32		42,525		40,844
4.000%, 09/01/31		119,772		114,836
4.000%, 12/01/30		177,746		170,999
4.000%, 11/01/30		127,880		123,029
3.691%, SOFR30A +
2.238%, 10/01/52 (A)		3,302,927		3,101,209
3.663%, RFUCCT1Y +
1.620%, 11/01/48 (A)		226,612		222,252
3.500%, 02/01/53		1,462,729		1,261,956
3.500%, 08/01/52		4,918,364		4,242,707
3.500%, 06/01/52		963,889		831,761
3.500%, 05/01/52		5,864,642		5,064,878
3.500%, 04/01/52		7,005,686		6,098,465
3.500%, 03/01/52		1,857,422		1,607,691


MORTGAGE-BACKED SECURITIES — continued

	Face Amount		Value
3.500%, 01/01/52	$	2,061,460	$	1,789,106
3.500%, 11/01/51		1,224,663		1,063,626
3.500%, 04/01/37		322,231		297,294
3.500%, 02/01/31		414,911		397,015
3.500%, 12/01/29		150,333		144,482
3.078%, RFUCCT1Y +
1.603%, 10/01/48 (A)		116,086		114,330
3.006%, RFUCCT1Y +
1.610%, 10/01/47 (A)		116,249		116,448
3.000%, 05/01/52		936,712		785,935
3.000%, 04/01/52		3,179,034		2,667,871
3.000%, 03/01/52		1,560,839		1,304,305
3.000%, 11/01/51		2,110,526		1,769,682
3.000%, 10/01/51		2,725,348		2,257,875
3.000%, 08/01/50		1,752,551		1,496,942
3.000%, 07/01/50		1,044,180		873,925
3.000%, 04/01/50		1,608,913		1,351,587
2.500%, 04/01/52		1,635,226		1,310,254
2.500%, 03/01/52		1,684,851		1,355,640
2.500%, 02/01/52		5,835,028		4,674,522
2.500%, 01/01/52		4,329,834		3,429,001
2.500%, 12/01/51		3,816,167		3,067,958
2.500%, 10/01/51		1,693,362		1,341,088
2.500%, 08/01/51		5,109,291		4,098,953
2.500%, 07/01/51		2,717,536		2,161,719
2.500%, 02/01/51		7,316,413		5,888,930
2.500%, 01/01/51		1,205,114		968,968
2.500%, 11/01/50		5,660,222		4,565,569
2.500%, 10/01/50		7,661,025		6,183,015
2.500%, 07/01/50		9,232,719		7,414,996
2.500%, 03/01/43		1,724,269		1,441,437
2.500%, 06/01/42		2,914,301		2,433,879
2.500%, 10/01/41		1,318,652		1,113,939
2.500%, 05/01/41		875,761		730,168
2.500%, 07/01/36		1,029,207		913,490
2.500%, 03/01/35		1,419,809		1,270,342
2.000%, 11/01/51		6,637,442		5,040,787
2.000%, 10/01/51		3,278,315		2,527,300
2.000%, 09/01/51		1,576,607		1,213,996
2.000%, 08/01/51		1,764,035		1,342,014
2.000%, 02/01/51		1,186,415		914,516
2.000%, 01/01/51		3,063,291		2,361,871
2.000%, 12/01/50		496,516		382,846
2.000%, 10/01/50		1,731,016		1,321,733
2.000%, 08/01/50		717,747		552,485
2.000%, 09/01/36		1,295,446		1,127,520
2.000%, 01/01/36		1,219,550		1,059,346
1.500%, 10/01/50		1,784,759		1,283,831
FNMA Grantor Trust 2000-T6, Ser 2000-T6, Cl A1
7.500%, 11/25/40		13,408		13,228

The accompanying notes are an integral part of the financial statements.

CATHOLIC RESPONSIBLE INVESTMENTS BOND FUND

APRIL 30, 2024 (Unaudited)


MORTGAGE-BACKED SECURITIES — continued

	Face Amount		Value
FNMA Grantor Trust 2001-T1, Ser 2001-T1, Cl A1
7.500%, 10/25/40	$	113,887	$	113,575
FNMA Grantor Trust 2001-T10, Ser 2001-T10, Cl A1
7.000%, 12/25/41		73,730		73,343
FNMA Grantor Trust 2001-T12, Ser 2001-T12, Cl A1
6.500%, 08/25/41		2,627		2,615
FNMA Grantor Trust 2001-T3, Ser 2001-T3, Cl A1
7.500%, 11/25/40		7,019		7,053
FNMA Grantor Trust 2001-T4, Ser 2001-T4, Cl A1
7.500%, 07/25/41		33,360		33,387
FNMA Grantor Trust 2001-T7, Ser 2001-T7, Cl A1
7.500%, 02/25/41		1,485		1,543
FNMA Grantor Trust 2001-T8, Ser 2001-T8, Cl A1
7.500%, 07/25/41		4,078		4,074
FNMA Grantor Trust 2004-T1, Ser 2004-T1, Cl 1A2
6.500%, 01/25/44		1,118		1,117
FNMA REMIC Trust 2001-W3, Ser 2001-W3, Cl A
7.000%, 09/25/41 (A)		60,857		59,499
FNMA REMIC Trust 2002-W6, Ser 2002-W6, Cl 2A
7.500%, 06/25/42 (A)		5,145		4,983
FNMA REMIC Trust 2002-W6, Ser 2002-W6, Cl 2A1
7.000%, 06/25/42 (A)		5,145		4,946
FNMA REMIC Trust 2003-W4, Ser 2003-W4, Cl 3A
4.901%, 10/25/42 (A)		56,026		58,162
FNMA REMIC Trust 2003-W4, Ser 2003-W4, Cl 4A
5.498%, 10/25/42 (A)		21,613		21,423
FNMA Trust 2003-W2, Ser 2003-W2, Cl 1A3
7.500%, 07/25/42		6,554		6,565
FNMA Trust 2004-W2, Ser 2004-W2, Cl 2A2
7.000%, 02/25/44		11,369		11,561
FNMA Trust 2004-W2, Ser 2004-W2, Cl 5A
7.500%, 03/25/44		4,213		4,284
FNMA, Ser 2001-2, Cl ZK
6.500%, 02/25/31		25,915		25,985
FNMA, Ser 2001-79, Cl BA
7.000%, 03/25/45		9,297		9,323
FNMA, Ser 2002-33, Cl A1
7.000%, 06/25/32		57,925		58,112


MORTGAGE-BACKED SECURITIES — continued

	Face Amount		Value
FNMA, Ser 2007-104, Cl ZE
6.000%, 08/25/37	$	14,609	$	14,595
FNMA, Ser 2007-21, Cl MT
5.750%, 03/25/37		4,441		4,403
FNMA, Ser 2009-11, Cl MP
7.000%, 03/25/49		4,678		4,834
FNMA, Ser 2010-136, Cl BA
3.500%, 12/25/30		150,439		143,515
FNMA, Ser 2010-49, Cl ZJ
4.500%, 05/25/40		42,163		40,695
FNMA, Ser 2013-128, Cl CF
6.045%, SOFR30A +
0.714%, 12/25/43 (A)		234,797		231,470
FNMA, Ser 2014-1, Cl KF
6.045%, SOFR30A +
0.714%, 02/25/44 (A)		336,653		331,810
FNMA, Ser 2014-54, Cl CP
3.500%, 09/25/44		2,540,981		2,254,903
FNMA, Ser 2020-45, Cl HD
3.500%, 07/25/40		1,725,641		1,569,836
FNMA, Ser M1G, Cl A2
1.518%, 11/25/30 (A)		3,100,000		2,469,592
FNMA, Ser M3G, Cl A2
128678.000%, 01/25/31 (A)		2,000,000		1,570,366
Freddie Mac Multifamily ML Certificates
1.219%, 07/25/41 (A)(B)		9,961,180		940,541
FREMF 2017-K69 Mortgage Trust, Ser K69, Cl C
3.854%, 10/25/49 (A)(B)		2,788,000		2,573,569
FREMF 2018-K081 Mortgage Trust, Ser K81, Cl C
4.315%, 09/25/51 (A)(B)		2,500,000		2,306,627
FREMF 2018-K74 Mortgage Trust, Ser K74, Cl C
4.231%, 02/25/51 (A)(B)		2,025,000		1,877,116
FREMF 2018-K83 Mortgage Trust, Ser K83, Cl C
4.421%, 11/25/51 (A)(B)		2,890,000		2,674,159
FREMF 2018-K86 Mortgage Trust, Ser K86, Cl C
4.438%, 11/25/51 (A)(B)		3,562,000		3,295,476
FREMF 2019-K96 Mortgage Trust, Ser K96, Cl C
3.942%, 08/25/56 (A)(B)		1,910,000		1,707,610
FREMF 2020-K737 Mortgage Trust, Ser K737, Cl C
3.417%, 01/25/53 (A)(B)		640,000		594,678
FREMF K-100 Mortgage Trust, Ser K100, Cl C
3.615%, 11/25/52 (A)(B)		130,000		113,978
GNMA
7.000%, 12/15/29		595		608

The accompanying notes are an integral part of the financial statements.

CATHOLIC RESPONSIBLE INVESTMENTS BOND FUND

APRIL 30, 2024 (Unaudited)


MORTGAGE-BACKED SECURITIES — continued

	Face Amount		Value
6.500%, 05/15/29	$	987	$	1,003
5.500%, 10/20/53		10,427,946		10,232,981
5.500%, 09/20/53		10,020,679		9,833,329
5.500%, 06/20/53		6,596,214		6,472,888
5.500%, 05/20/53		16,964,728		16,647,549
5.500%, 04/20/53		15,166,998		14,883,430
5.500%, 02/20/53		9,125,048		8,954,986
5.000%, 06/20/53		12,116,583		11,601,893
5.000%, 03/20/53		10,897,820		10,441,493
5.000%, 02/20/53		11,269,321		10,797,535
4.500%, 09/20/52		2,471,203		2,303,759
4.500%, 08/20/52		6,090,589		5,680,419
4.000%, 08/20/52		10,116,766		9,171,503
4.000%, 04/20/52		109,368		99,136
4.000%, 03/20/52		114,930		104,178
4.000%, 02/20/52		1,582,108		1,436,057
4.000%, 01/20/52		1,232,462		1,120,214
4.000%, 12/20/48		1,287,143		1,175,708
3.500%, 08/20/52		13,675,513		12,056,996
3.500%, 07/20/52		1,825,186		1,609,489
3.500%, 04/20/52		3,685,672		3,250,113
3.500%, 03/20/52		1,936,654		1,706,356
3.500%, 02/20/52		1,415,462		1,247,147
3.500%, 01/20/52		1,501,503		1,324,338
3.500%, 06/20/51		1,473,892		1,306,237
3.500%, 01/20/50		987,586		884,313
3.500%, 10/20/49		2,795,232		2,451,640
3.000%, 06/20/52		8,769,530		7,465,724
3.000%, 03/20/52		2,060,458		1,753,345
3.000%, 01/20/52		3,154,485		2,687,444
3.000%, 12/20/51		5,490,725		4,677,569
3.000%, 10/20/51		1,822,766		1,553,063
3.000%, 07/20/51		2,543,808		2,168,216
3.000%, 05/20/51		1,163,542		991,300
2.500%, 03/20/53		4,053,497		3,327,910
2.500%, 07/20/52		1,464,291		1,201,538
2.500%, 04/20/52		8,553,707		7,015,739
2.500%, 03/20/52		3,147,753		2,570,931
2.500%, 08/20/51		1,540,312		1,264,439
2.500%, 05/20/51		797,135		653,471
2.500%, 03/20/51		1,866,638		1,533,506
2.500%, 12/20/50		1,538,479		1,223,654
2.000%, 10/20/51		1,707,551		1,344,549
2.000%, 01/20/51		1,132,839		892,700
2.000%, 12/20/50		1,501,162		1,166,075
2.000%, 11/20/50		7,721,653		6,087,870
GNMA, Ser 2012-98, Cl BM
4.903%, 08/20/42 (A)		187,391		183,558
GNMA, Ser 2017-H17, Cl FQ
6.366%, TSFR12M +
0.985%, 09/20/67 (A)		1,256,837		1,251,316


MORTGAGE-BACKED SECURITIES — continued

	Face Amount		Value
GNMA, Ser 2017-H22, Cl FH
6.369%, TSFR12M +
0.935%, 11/20/67 (A)	$	832,625	$	829,041
GNMA, Ser 2017-H24, Cl FQ
6.309%, TSFR12M +
0.915%, 11/20/67 (A)		894,640		899,273
GNMA, Ser 2018-H04, Cl FK
5.581%, TSFR12M +
0.755%, 03/20/68 (A)		817,362		800,095
GNMA, Ser 2018-H05, Cl CF
5.601%, TSFR12M +
0.775%, 03/20/68 (A)		939,185		919,282
GNMA, Ser 2018-H05, Cl FE
5.611%, TSFR12M +
0.785%, 02/20/68 (A)		340,210		335,958
GNMA, Ser 2019-H09, Cl FG
5.655%, TSFR12M +
1.065%, 05/20/69 (A)		350,631		347,716
GNMA, Ser 2019-H16, Cl CF
6.137%, TSFR1M + 0.814%,
10/20/69 (A)		286,591		287,248
GNMA, Ser 2020-H01, Cl FV
6.087%, TSFR1M + 0.764%,
01/20/70 (A)		3,490,528		3,440,159
GNMA, Ser 2020-H02, Cl FB
6.037%, TSFR1M + 0.714%,
01/20/70 (A)		469,914		469,089
GNMA, Ser 2022-H04, Cl FG
5.880%, SOFR30A +
0.550%, 02/20/67 (A)		1,830,547		1,821,305
GNMA, Ser 2022-H08, Cl FE
6.069%, SOFR30A +
0.750%, 03/20/72 (A)		1,922,793		1,889,462
GNMA, Ser 2022-H09, Cl FA
6.000%, SOFR30A +
0.670%, 04/20/72 (A)		1,985,751		1,943,133
GNMA, Ser 2022-H11, Cl EF
6.300%, SOFR30A +
0.970%, 05/20/72 (A)		2,475,753		2,486,607
GNMA, Ser 2023-H04, Cl FC
6.180%, SOFR30A +
0.850%, 01/20/73 (A)		1,968,720		1,942,243
GNMA, Ser 2023-H13, Cl FJ
6.750%, SOFR30A +
1.420%, 02/20/73 (A)		1,230,403		1,238,942
Vendee Mortgage Trust 1995-1, Ser 1995-1, Cl 2
7.793%, 02/15/25		162		162
Vendee Mortgage Trust 1995-2, Ser 1995-2C, Cl 3A
8.793%, 06/15/25		625		633

The accompanying notes are an integral part of the financial statements.

CATHOLIC RESPONSIBLE INVESTMENTS BOND FUND

APRIL 30, 2024 (Unaudited)


MORTGAGE-BACKED SECURITIES — continued

	Face Amount		Value
Vendee Mortgage Trust 1998-2, Ser 1998-2, Cl 2A
8.793%, 08/15/27 (A)	$	73	$	74

				581,241,650

Non-Agency Mortgage-Backed Obligation — 3.2%
Barclays Commercial Mortgage Trust 2019-C4, Ser C4, Cl C
3.469%, 08/15/52		1,300,000		960,555
BBCMS Mortgage Trust 2023-C19, Ser C19, Cl C
6.597%, 04/15/56 (A)		1,640,000		1,568,496
Benchmark 2019-B10 Mortgage Trust, Ser B10, Cl E
3.000%, 03/15/62 (B)		1,260,000		759,544
Benchmark 2022-B35 Mortgage Trust, Ser B35, Cl D
2.500%, 05/15/55 (B)		3,265,000		1,966,004
BX Commercial Mortgage Trust, Ser 2022-AHP, Cl AS
6.811%, TSFR1M + 1.490%,
01/17/39 (A)(B)		2,500,000		2,459,375
BX Trust, Ser 2022-CLS, Cl B
6.300%, 10/13/27 (B)		2,100,000		1,946,591
Century Plaza Towers 2019-CPT, Ser CPT, Cl C
3.097%, 11/13/39 (A)(B)		500,000		387,319
Century Plaza Towers 2019-CPT, Ser CPT, Cl E
3.097%, 11/13/39 (A)(B)		2,000,000		1,391,672
Century Plaza Towers, Ser 2019-CPT, Cl B
3.097%, 11/13/39 (A)(B)		733,000		594,588
COMM Mortgage Trust, Ser 2022-HC, Cl A
2.819%, 01/10/39 (B)		1,390,000		1,248,843
COMM Mortgage Trust, Ser 2022-HC, Cl C
3.376%, 01/10/39 (B)		1,570,000		1,371,086
CSAIL 2019-C16 Commercial Mortgage Trust, Ser C16, Cl C
4.237%, 06/15/52 (A)		2,265,000		1,872,717
CSMC 2021-NQM5 Trust, Ser 2021-NQM5, Cl M1
2.168%, 05/25/66 (A)(B)		1,310,000		716,055
CSMC OA, Ser 2014-USA, Cl A2
3.953%, 09/15/37 (B)		565,000		490,138
FASST 2021-JR1 A2
2.000%, 04/25/51		2,544,013		2,393,262
FASST 21-S1-A2 07/25/2051, Ser 2021-S1, Cl A2
1.750%, 07/25/51 (B)		4,793,895		4,416,006


MORTGAGE-BACKED SECURITIES — continued

	Face Amount		Value
Finance of America Structured Securities Trust 2022-S4, Ser 2022-S4, Cl A2A
3.000%, 01/25/57 (B)	$	2,976,874	$	2,764,642
Finance of America Structured Securities Trust, Ser 2021-S2, Cl A2
1.750%, 09/25/71 (B)(C)		2,415,000		2,199,307
GS Mortgage Securities Trust 2017-GS8, Ser GS8, Cl D
2.700%, 11/10/50 (B)		2,570,000		1,976,421
Hudson Yards 2019-55HY Mortgage Trust, Ser 55HY, Cl A
2.943%, 12/10/41 (A)(B)		1,000,000		852,035
Hudson Yards Mortgage Trust, Ser 2016-10HY, Cl A
2.835%, 08/10/38 (B)		1,750,000		1,619,752
JPMBB Commercial Mortgage Securities Trust 2015-C28, Ser C28, Cl C
4.270%, 10/15/48 (A)		5,170,000		4,835,520
NW RE-REMIC TRUST 2021-FRR1, Ser FRR1, Cl AK88
2.788%, 12/18/51 (A)(B)		2,500,000		2,062,434
OBX 2022-NQM1 Trust, Ser 2022-NQM1, Cl M1
3.504%, 11/25/61 (A)(B)		1,010,000		664,047
One Bryant Park Trust, Ser 2019-OBP, Cl A
2.516%, 09/15/54 (B)		3,385,000		2,807,579
One Market Plaza Trust, Ser 2017-1MKT, Cl B
3.845%, 02/10/32 (B)		400,000		355,644
Onslow Bay Mortgage Loan Trust, Ser 2021-NQM4, Cl M1
3.248%, 10/25/61 (B)		1,750,000		1,114,260
Palisades Center Trust 2016-PLSD, Ser PLSD, Cl A
2.713%, 04/13/33 (B)		4,705,000		2,940,625
SFAVE Commercial Mortgage Securities Trust 2015-5AVE, Ser 5AVE, Cl A2B
4.144%, 01/05/43 (A)(B)		1,995,000		1,599,011
SFAVE Commercial Mortgage Securities Trust, Ser 2015-5AVE, Cl A1
3.872%, 01/05/43 (A)(B)		3,045,000		2,387,520
Shops at Crystals Trust 2016-CSTL, Ser CSTL, Cl C
3.856%, 07/05/36 (A)(B)		2,800,000		2,601,246
SLG Office Trust 2021-OVA, Ser OVA, Cl C
2.851%, 07/15/41 (B)		2,500,000		1,952,612

The accompanying notes are an integral part of the financial statements.

CATHOLIC RESPONSIBLE INVESTMENTS BOND FUND

APRIL 30, 2024 (Unaudited)


MORTGAGE-BACKED SECURITIES — continued

	Face Amount		Value
STWD Mortgage Trust, Ser 2021-LIH, Cl AS
6.692%, TSFR1M + 1.371%,
11/15/36 (A)(B)	$	1,000,000	$	989,062
Vendee Mortgage Trust 2011-2, Ser 2011-2, Cl DZ
3.750%, 10/15/41		1,375,792		1,234,905
Verus Securitization Trust 2021-2, Ser 2021-2, Cl M1
2.187%, 02/25/66 (A)(B)		2,910,000		2,067,372
Verus Securitization Trust 2021-3, Ser 2021-3, Cl M1
2.397%, 06/25/66 (A)(B)		1,555,000		1,023,772
Verus Securitization Trust 2021-4, Ser 2021-4, Cl M1
2.195%, 07/25/66 (A)(B)		1,400,000		838,227
Verus Securitization Trust 2021-R3, Ser 2021-R3, Cl M1
2.411%, 04/25/64 (A)(B)		2,745,000		2,196,565
Wells Fargo Commercial Mortgage Trust 2018-C47, Ser C47, Cl C
5.084%, 09/15/61 (A)		1,295,000		1,172,305
Wells Fargo Commercial Mortgage Trust 2019-C52, Ser C52, Cl C
3.561%, 08/15/52		1,100,000		857,409

				67,654,523

Total Mortgage-Backed Securities (Cost $709,954,199)				648,896,173



U.S. TREASURY OBLIGATIONS — 28.4%

U.S. Treasury Bonds
4.750%, 11/15/43	$	7,165,000	$	7,028,417
4.750%, 11/15/53		5,043,000		5,016,997
4.500%, 02/15/44		11,591,000		11,000,078
4.375%, 08/15/43		3,160,000		2,951,144
4.250%, 02/15/54		11,869,000		10,865,699
4.125%, 08/15/53		27,767,000		24,864,481
3.875%, 05/15/43		3,615,000		3,152,534
3.625%, 02/15/53		1,875,000		1,531,934
3.625%, 05/15/53		6,660,000		5,443,509
3.375%, 08/15/42		8,500,000		6,934,473
3.000%, 02/15/49		615,000		448,469
3.000%, 08/15/52		72,617,000		52,428,907
2.500%, 02/15/45		15,310,000		10,506,487
2.500%, 02/15/46		1,775,000		1,203,464
2.500%, 05/15/46		1,735,000		1,173,090
2.375%, 02/15/42		870,000		609,986
2.375%, 11/15/49		395,000		251,905
2.250%, 08/15/46		1,805,000		1,157,245


U.S. TREASURY OBLIGATIONS — continued

	Face Amount		Value
2.250%, 02/15/52	$	5,235,000	$	3,192,328
2.000%, 11/15/41		1,305,000		862,116
2.000%, 02/15/50		4,745,000		2,761,368
2.000%, 08/15/51		6,755,000		3,877,792
1.875%, 02/15/41		935,000		614,507
1.875%, 02/15/51		325,000		181,441
1.875%, 11/15/51		3,200,000		1,774,500
1.625%, 11/15/50		4,615,000		2,411,698
1.250%, 05/15/50		11,000,000		5,196,211
1.125%, 08/15/40		1,255,000		731,430
U.S. Treasury Inflation Indexed Bond
1.500%, 02/15/53		2,445,001		1,979,529
U.S. Treasury Notes
5.521%, USBMMY3M +
0.200%, 01/31/25(A)		98,530,000		98,643,112
5.491%, USBMMY3M +
0.170%, 10/31/25(A)		4,000,000		4,004,630
5.490%, USBMMY3M +
0.169%, 04/30/25(A)		70,950,000		71,024,831
4.875%, 04/30/26		5,602,000		5,584,489
4.750%, 07/31/25		5,530,000		5,500,406
4.625%, 06/30/25		13,255,000		13,166,461
4.625%, 04/30/29		3,127,000		3,114,707
4.625%, 04/30/31		5,200,000		5,175,625
4.500%, 11/15/33		720,000		709,425
4.375%, 11/30/28		5,415,000		5,332,929
4.375%, 11/30/30		6,855,000		6,724,059
4.125%, 07/31/28		5,250,000		5,120,186
4.125%, 11/15/32		18,180,000		17,455,641
4.000%, 02/29/28		3,130,000		3,041,969
4.000%, 06/30/28		3,325,000		3,227,848
4.000%, 10/31/29		882,000		851,199
4.000%, 02/28/30		1,520,000		1,464,306
4.000%, 01/31/31		4,335,000		4,158,044
4.000%, 02/15/34		3,755,000		3,554,784
3.875%, 08/15/33		41,590,000		39,042,612
3.750%, 12/31/28		6,085,000		5,833,518
3.750%, 05/31/30		3,410,000		3,235,903
3.625%, 03/31/30		8,000,000		7,550,937
3.500%, 01/31/28		3,360,000		3,208,931
3.500%, 01/31/30		8,465,000		7,946,188
3.500%, 02/15/33		5,825,000		5,326,917
3.375%, 05/15/33		6,380,000		5,765,925
2.875%, 05/15/32		12,395,000		10,891,138
2.750%, 05/31/29		3,860,000		3,517,576
2.750%, 08/15/32		1,621,000		1,405,648
2.625%, 03/31/25		4,175,000		4,077,842
2.375%, 03/31/29		4,230,000		3,795,103
2.375%, 05/15/29		918,000		822,076
1.875%, 02/15/32		305,000		249,290
1.625%, 05/15/31		1,110,000		908,379
1.375%, 11/15/31		10,530,000		8,329,394

The accompanying notes are an integral part of the financial statements.

CATHOLIC RESPONSIBLE INVESTMENTS BOND FUND

APRIL 30, 2024 (Unaudited)


U.S. TREASURY OBLIGATIONS — continued

	Face Amount		Value
1.250%, 08/15/31	$	11,545,000	$	9,119,197
1.125%, 02/29/28		4,795,000		4,183,263
1.125%, 02/15/31		2,385,000		1,899,895
0.750%, 01/31/28		1,450,000		1,249,775
0.625%, 12/31/27		7,560,000		6,503,667


Total U.S. Treasury Obligations (Cost $602,277,513)				562,869,564



CORPORATE OBLIGATIONS — 25.8%

COMMUNICATION SERVICES — 2.8%
Alphabet
1.100%, 08/15/30	$	2,500,000	$	1,994,621
AT&T
4.500%, 03/09/48		471,000		378,724
4.350%, 06/15/45		2,720,000		2,201,564
3.800%, 12/01/57		750,000		506,017
3.550%, 09/15/55		1,238,000		807,422
2.750%, 06/01/31		725,000		606,714
2.550%, 12/01/33		150,000		115,781
CCO Holdings
4.500%, 05/01/32		975,000		748,621
4.500%, 06/01/33(B)		975,000		733,194
4.250%, 01/15/34(B)		825,000		597,722
Charter Communications Operating
6.484%, 10/23/45		3,835,000		3,395,071
5.750%, 04/01/48		950,000		765,653
5.375%, 05/01/47		800,000		611,589
5.125%, 07/01/49		1,305,000		956,128
4.400%, 04/01/33		250,000		213,455
Comcast
4.650%, 02/15/33		1,500,000		1,419,571
Cox Communications
3.850%, 02/01/25(B)		800,000		787,947
3.500%, 08/15/27(B)		1,025,000		962,374
3.350%, 09/15/26(B)		575,000		546,175
1.800%, 10/01/30(B)		650,000		508,895
Meta Platforms
4.450%, 08/15/52		2,470,000		2,056,366
Prosus MTN
4.987%, 01/19/52(B)		2,200,000		1,600,272
4.850%, 07/06/27(B)		500,000		478,750
4.193%, 01/19/32(B)		700,000		592,904
3.680%, 01/21/30(B)		1,400,000		1,205,312
3.061%, 07/13/31(B)		3,875,000		3,106,130
Rogers Communications
3.800%, 03/15/32		1,705,000		1,487,546
Telecom Italia
5.303%, 05/30/24(B)		2,300,000		2,294,117


CORPORATE OBLIGATIONS — continued

	Face Amount		Value
COMMUNICATION SERVICES — continued
Telecom Italia Capital
7.721%, 06/04/38	$	1,345,000	$	1,250,517
7.200%, 07/18/36		175,000		158,523
Tencent Holdings MTN
3.975%, 04/11/29(B)		2,000,000		1,868,400
Time Warner Cable
6.750%, 06/15/39		800,000		732,809
T-Mobile USA
3.875%, 04/15/30		3,695,000		3,380,944
3.500%, 04/15/31		550,000		483,705
3.375%, 04/15/29		1,000,000		907,463
Verizon Communications
4.400%, 11/01/34		3,130,000		2,838,755
3.875%, 03/01/52		3,500,000		2,581,235
3.550%, 03/22/51		895,000		623,870
2.850%, 09/03/41		2,500,000		1,704,510
2.650%, 11/20/40		1,905,000		1,272,853
2.550%, 03/21/31		525,000		435,685
1.500%, 09/18/30		2,500,000		1,990,214
Vodafone Group
7.000%, USD Swap Semi 30/360 5 Yr Curr +
4.873%, 04/04/79(A)		1,150,000		1,166,809
Walt Disney
6.650%, 11/15/37		555,000		611,953
Warnermedia Holdings
5.050%, 03/15/42		610,000		488,313
3.755%, 03/15/27		675,000		636,050

				54,811,243

CONSUMER DISCRETIONARY — 1.1%
Alimentation Couche-Tard
3.625%, 05/13/51(B)		2,438,000		1,699,893
Ford Motor
6.100%, 08/19/32		1,000,000		981,555
3.250%, 02/12/32		2,500,000		2,014,053
Ford Motor Credit
7.350%, 11/04/27		525,000		543,035
6.800%, 05/12/28		1,125,000		1,148,007
5.125%, 06/16/25		350,000		346,303
4.542%, 08/01/26		425,000		411,086
4.389%, 01/08/26		650,000		631,571
4.134%, 08/04/25		400,000		390,124
4.063%, 11/01/24		2,000,000		1,980,189
3.375%, 11/13/25		450,000		432,006
General Motors
5.400%, 10/15/29		1,350,000		1,328,113
Genuine Parts
2.750%, 02/01/32		760,000		618,199
Massachusetts Institute of Technology
3.959%, 07/01/38		3,181,000		2,796,226

The accompanying notes are an integral part of the financial statements.

CATHOLIC RESPONSIBLE INVESTMENTS BOND FUND

APRIL 30, 2024 (Unaudited)


CORPORATE OBLIGATIONS — continued

	Face Amount		Value
CONSUMER DISCRETIONARY — continued
Nordstrom
6.950%, 03/15/28	$	865,000	$	857,800
Starbucks
4.450%, 08/15/49		2,500,000		2,041,497
Whirlpool
2.400%, 05/15/31		2,500,000		2,007,559
YMCA of Greater New York
3.160%, 08/01/31		615,000		483,681
ZF North America Capital
7.125%, 04/14/30(B)		320,000		326,591

				21,037,488

CONSUMER STAPLES — 0.5%
Anheuser-Busch InBev Worldwide
5.450%, 01/23/39		1,510,000		1,484,460
Coca-Cola
1.450%, 06/01/27		25,000		22,502
Mather Foundation
2.675%, 10/01/31		2,500,000		2,006,010
PepsiCo
3.900%, 07/18/32		3,000,000		2,748,386
2.875%, 10/15/49		3,340,000		2,158,188
RELX Capital
3.000%, 05/22/30		50,000		44,002
Sysco
2.400%, 02/15/30		2,500,000		2,113,600

				10,577,148

ENERGY — 2.1%
Apache
5.100%, 09/01/40		1,940,000		1,614,707
BP Capital Markets America
3.060%, 06/17/41		1,925,000		1,383,079
Cameron LNG
3.701%, 01/15/39(B)		1,520,000		1,197,654
Devon Energy
7.875%, 09/30/31		830,000		927,138
Energy Transfer
6.100%, 12/01/28		615,000		626,756
4.400%, 03/15/27		2,945,000		2,852,809
Kinder Morgan
5.550%, 06/01/45		1,585,000		1,453,870
5.200%, 03/01/48		450,000		388,510
Kinder Morgan Energy Partners
6.500%, 09/01/39		50,000		50,397
5.500%, 03/01/44		370,000		334,138
MidAmerican Energy
5.300%, 02/01/55		1,050,000		976,230
4.250%, 07/15/49		1,240,000		998,077
MPLX
5.500%, 02/15/49		1,635,000		1,485,514


CORPORATE OBLIGATIONS — continued

	Face Amount		Value
ENERGY — continued
Occidental Petroleum
2.900%, 08/15/24	$	1,750,000	$	1,733,051
Patterson-UTI Energy
7.150%, 10/01/33		1,525,000		1,587,450
Petrobras Global Finance BV
7.250%, 03/17/44		500,000		490,824
6.750%, 06/03/50		1,075,000		975,401
Petroleos Mexicanos
7.690%, 01/23/50		6,800,000		4,734,272
6.700%, 02/16/32		2,819,000		2,305,125
6.625%, 06/15/35		1,200,000		886,471
6.375%, 01/23/45		655,000		405,948
Rio Oil Finance Trust Series 2014-3
9.750%, 01/06/27(B)		613,036		634,415
Rio Oil Finance Trust Series 2018-1
8.200%, 04/06/28(B)		381,480		385,768
Sweihan PV Power PJSC
3.625%, 01/31/49(B)		2,372,925		1,867,962
Topaz Solar Farms
5.750%, 09/30/39(B)		3,048,298		3,018,333
TransCanada PipeLines
4.625%, 03/01/34		1,345,000		1,221,292
2.500%, 10/12/31		1,350,000		1,093,033
Transcanada Trust
5.875%, ICE LIBOR USD 3 MONTH +
4.640%, 08/15/76(A)		975,000		934,685
5.625%, ICE LIBOR USD 3 MONTH +
3.528%, 05/20/75(A)		275,000		267,173
5.600%, H15T5Y +
3.986%, 03/07/82(A)		375,000		327,983
5.500%, U.S. SOFR +
4.416%, 09/15/79(A)		1,575,000		1,420,513
5.300%, ICE LIBOR USD 3 MONTH +
3.208%, 03/15/77(A)		3,150,000		2,918,121
Ultrapar International
5.250%, 10/06/26(B)		625,000		607,123
5.250%, 06/06/29(B)		229,000		216,990

				42,320,812

FINANCIALS — 13.0%
African Development Bank
5.750%, H15T5Y +
1.575%(A)(E)		2,500,000		2,349,988
4.125%, 02/25/27		500,000		488,138
Allstate
5.250%, 03/30/33		1,550,000		1,512,889

The accompanying notes are an integral part of the financial statements.

CATHOLIC RESPONSIBLE INVESTMENTS BOND FUND

APRIL 30, 2024 (Unaudited)


CORPORATE OBLIGATIONS — continued

	Face Amount		Value
FINANCIALS — continued
Anglo American Capital
5.750%, 04/05/34(B)	$	1,765,000	$	1,742,824
Arab Petroleum Investments
5.428%, 05/02/29(B)		1,500,000		1,505,625
Ares Capital
4.250%, 03/01/25		1,370,000		1,347,768
Arthur J Gallagher
6.500%, 02/15/34		1,225,000		1,275,764
Asian Infrastructure Investment Bank
4.875%, 09/14/26		1,000,000		994,228
Aviation Capital Group
4.125%, 08/01/25(B)		621,000		604,666
Avolon Holdings Funding
4.375%, 05/01/26(B)		1,445,000		1,392,067
Bank of America MTN
6.204%, SOFRRATE +
1.990%, 11/10/28(A)		325,000		331,796
4.450%, 03/03/26		1,275,000		1,248,925
4.250%, 10/22/26		725,000		701,978
4.200%, 08/26/24		440,000		437,758
4.183%, 11/25/27		1,275,000		1,220,002
3.846%, H15T5Y +
2.000%, 03/08/37(A)		1,875,000		1,614,816
3.705%, TSFR3M +
1.774%, 04/24/28(A)		1,545,000		1,462,988
3.093%, TSFR3M +
1.352%, 10/01/25(A)		1,645,000		1,625,496
2.676%, U.S. SOFR +
1.930%, 06/19/41(A)		1,870,000		1,264,902
2.572%, SOFRRATE +
1.210%, 10/20/32(A)		650,000		524,363
2.496%, TSFR3M +
1.252%, 02/13/31(A)		50,000		42,079
1.530%, SOFRRATE +
0.650%, 12/06/25(A)		3,000,000		2,921,811
Bank of New York Mellon MTN
5.834%, SOFRINDX +
2.074%, 10/25/33(A)		650,000		660,623
Barclays
7.437%, H15T1Y +
3.500%, 11/02/33(A)		325,000		351,553
7.119%, SOFRRATE +
3.570%, 06/27/34(A)		200,000		206,224
6.490%, SOFRRATE +
2.220%, 09/13/29(A)		475,000		485,371
6.224%, SOFRRATE +
2.980%, 05/09/34(A)		225,000		225,602
5.829%, SOFRRATE +
2.210%, 05/09/27(A)		675,000		672,644
5.501%, H15T1Y +
2.650%, 08/09/28(A)		450,000		443,574


CORPORATE OBLIGATIONS — continued

	Face Amount		Value
FINANCIALS — continued
5.088%, US0003M +
3.054%, 06/20/30(A)	$	575,000	$	542,232
4.836%, 05/09/28		725,000		692,133
2.894%, H15T1Y +
1.300%, 11/24/32(A)		1,000,000		810,647
BB Blue Financing DAC
4.395%, 09/20/37		2,500,000		2,380,914
Belrose Funding Trust
2.330%, 08/15/30(B)		3,805,000		2,956,801
Blackstone Private Credit Fund
2.625%, 12/15/26		2,845,000		2,582,830
Blue Owl Capital
3.400%, 07/15/26		1,140,000		1,068,961
2.875%, 06/11/28		1,190,000		1,039,793
Blue Owl Credit Income
7.750%, 01/15/29(B)		2,670,000		2,715,143
BNP Paribas
5.176%, SOFRRATE +
1.520%, 01/09/30(A)(B)		1,465,000		1,436,473
4.625%, 03/13/27(B)		1,275,000		1,232,892
4.375%, 09/28/25(B)		1,275,000		1,245,093
4.375%, 05/12/26(B)		250,000		242,142
4.250%, 10/15/24		2,150,000		2,135,002
2.588%, H15T5Y +
2.050%, 08/12/35(A)(B)		500,000		403,048
1.675%, SOFRRATE +
0.912%, 06/30/27(A)(B)		2,450,000		2,245,700
Caisse d’Amortissement de la Dette Sociale MTN
2.125%, 01/26/32(B)		2,500,000		2,048,401
1.000%, 10/21/30(B)		2,500,000		1,960,935
Cantor Fitzgerald
4.875%, 05/01/24(B)		215,000		215,000
Capital One Financial
7.624%, SOFRRATE +
3.070%, 10/30/31(A)		775,000		833,978
6.377%, SOFRRATE +
2.860%, 06/08/34(A)		1,340,000		1,348,734
6.312%, SOFRRATE +
2.640%, 06/08/29(A)		350,000		353,094
5.268%, SOFRRATE +
2.370%, 05/10/33(A)		1,770,000		1,676,282
4.927%, SOFRRATE +
2.057%, 05/10/28(A)		675,000		658,801
4.200%, 10/29/25		1,050,000		1,023,319
2.636%, SOFRRATE +
1.290%, 03/03/26(A)		50,000		48,588
Central American Bank for Economic Integration
5.000%, 02/09/26(B)		500,000		494,385

The accompanying notes are an integral part of the financial statements.

CATHOLIC RESPONSIBLE INVESTMENTS BOND FUND

APRIL 30, 2024 (Unaudited)


CORPORATE OBLIGATIONS — continued

	Face Amount		Value
FINANCIALS — continued
Charles Schwab
6.196%, SOFRRATE +
1.878%, 11/17/29(A)	$	800,000	$	818,762
6.136%, SOFRRATE +
2.010%, 08/24/34(A)		225,000		228,145
5.853%, SOFRRATE +
2.500%, 05/19/34(A)		175,000		174,251
5.643%, SOFRRATE +
2.210%, 05/19/29(A)		375,000		375,590
Citigroup
8.125%, 07/15/39		785,000		958,134
6.625%, 06/15/32		525,000		548,574
6.049%, SOFRRATE +
0.694%, 01/25/26(A)		2,261,000		2,265,158
6.041%, SOFRRATE +
0.686%, 10/30/24(A)		2,500,000		2,503,237
4.600%, 03/09/26		40,000		39,162
4.450%, 09/29/27		1,920,000		1,847,757
4.412%, U.S. SOFR +
3.914%, 03/31/31(A)		600,000		560,069
3.785%, U.S. SOFR +
1.939%, 03/17/33(A)		750,000		651,648
3.400%, 05/01/26		330,000		316,687
2.666%, U.S. SOFR +
1.146%, 01/29/31(A)		1,590,000		1,350,315
2.014%, SOFRRATE +
0.694%, 01/25/26(A)		2,500,000		2,427,062
1.281%, SOFRRATE +
0.528%, 11/03/25(A)		2,500,000		2,439,655
Community Preservation
2.867%, 02/01/30		2,400,000		2,049,372
Conservation Fund A Nonprofit
3.474%, 12/15/29		2,116,000		1,873,455
Cooperatieve Rabobank UA
1.004%, H15T1Y +
0.730%, 09/24/26(A)(B)		444,000		415,170
Corebridge Financial
3.900%, 04/05/32		1,080,000		942,184
Council of Europe Development Bank
3.000%, 06/16/25		2,500,000		2,432,655
Deutsche Bank NY
1.686%, 03/19/26		2,500,000		2,327,575
Enel Finance International
6.000%, 10/07/39(B)		850,000		824,476
5.000%, 06/15/32(B)		1,100,000		1,035,141
European Investment Bank
3.750%, 02/14/33		2,500,000		2,316,491
3.250%, 11/15/27		1,800,000		1,703,604
2.875%, 06/13/25(B)		2,500,000		2,432,877
2.125%, 04/13/26		1,000,000		945,070
0.875%, 05/17/30		3,500,000		2,781,272


CORPORATE OBLIGATIONS — continued

	Face Amount		Value
FINANCIALS — continued
0.625%, 10/21/27	$	5,000,000	$	4,321,035
Ford Foundation
2.815%, 06/01/70		5,065,000		2,836,441
Glencore Funding
6.375%, 10/06/30(B)		390,000		400,307
Goldman Sachs Group
4.387%, SOFRRATE +
1.510%, 06/15/27(A)		2,500,000		2,436,895
4.017%, ICE LIBOR USD 3 MONTH +
1.635%, 10/31/38(A)		2,310,000		1,903,818
3.615%, U.S. SOFR +
1.846%, 03/15/28(A)		2,600,000		2,460,130
Golub Capital BDC
2.500%, 08/24/26		3,530,000		3,231,335
GPS Blue Financing DAC
5.645%, 11/09/41(B)		2,500,000		2,299,625
HAT Holdings I
3.750%, 09/15/30(B)		1,000,000		829,585
HSBC Holdings
8.113%, SOFRRATE +
4.250%, 11/03/33(A)		1,000,000		1,114,827
7.399%, SOFRRATE +
3.020%, 11/13/34(A)		375,000		398,781
6.800%, 06/01/38		250,000		264,764
6.500%, 09/15/37		1,525,000		1,562,520
6.500%, 05/02/36		510,000		525,374
6.254%, SOFRRATE +
2.390%, 03/09/34(A)		650,000		663,886
4.950%, 03/31/30		725,000		700,009
4.762%, U.S. SOFR +
2.530%, 03/29/33(A)		1,275,000		1,154,362
4.375%, 11/23/26		420,000		406,468
4.300%, 03/08/26		2,900,000		2,831,451
2.357%, U.S. SOFR +
1.947%, 08/18/31(A)		700,000		569,378
0.976%, U.S. SOFR +
0.708%, 05/24/25(A)		850,000		847,340
Hyundai Capital America
6.100%, 09/21/28(B)		1,005,000		1,016,521
Inter-American Development Bank MTN
5.648%, SOFRINDX +
0.280%, 04/12/27(A)		1,500,000		1,497,705
3.500%, 04/12/33		2,500,000		2,256,261
1.125%, 01/13/31		2,500,000		1,973,739
International Bank for Reconstruction & Development
0.750%, 08/26/30		2,500,000		1,947,949
0.000%, 03/31/27(D)		2,500,000		2,249,958
0.000%, 03/31/28(D)		1,000,000		949,512

The accompanying notes are an integral part of the financial statements.

CATHOLIC RESPONSIBLE INVESTMENTS BOND FUND

APRIL 30, 2024 (Unaudited)


CORPORATE OBLIGATIONS — continued

	Face Amount		Value

FINANCIALS — continued
International Development
Association
0.875%, 04/28/26(B)	$	1,000,000	$	919,642
International Finance Facility for
Immunisation MTN
1.000%, 04/21/26		2,500,000		2,301,438
JPMorgan Chase
8.750%, 09/01/30		945,000		1,095,362
7.625%, 10/15/26		75,000		78,711
5.717%, SOFRRATE +
2.580%, 09/14/33(A)		725,000		722,264
4.493%, TSFR3M +
3.790%, 03/24/31(A)		850,000		805,009
4.250%, 10/01/27		324,000		312,589
4.032%, TSFR3M +
1.722%, 07/24/48(A)		830,000		649,035
3.328%, U.S. SOFR +
1.580%, 04/22/52(A)		2,075,000		1,412,144
2.956%, TSFR3M +
2.515%, 05/13/31(A)		4,200,000		3,594,320
2.522%, U.S. SOFR +
2.040%, 04/22/31(A)		725,000		611,890
0.768%, SOFRRATE +
0.490%, 08/09/25(A)		1,500,000		1,478,299
KeyCorp MTN
2.250%, 04/06/27		4,865,000		4,350,631
Kreditanstalt fuer Wiederaufbau
4.375%, 02/28/34		2,500,000		2,418,749
1.750%, 09/14/29		2,500,000		2,141,595
Liberty Utilities Finance GP 1
2.050%, 09/15/30(B)		2,500,000		1,971,967
Lloyds Banking Group
7.953%, H15T1Y +
3.750%, 11/15/33(A)		750,000		823,206
4.650%, 03/24/26		1,000,000		976,276
4.582%, 12/10/25		1,463,000		1,427,590
4.500%, 11/04/24		325,000		322,064
Low Income Investment Fund
3.711%, 07/01/29		2,500,000		2,244,856
LYB International Finance III
3.375%, 10/01/40		1,255,000		900,220
2.250%, 10/01/30		100,000		82,628
Macquarie Group
1.340%, U.S. SOFR +
1.069%, 01/12/27(A)(B)		825,000		764,147
Massachusetts Higher Education
Assistance
2.673%, 07/01/31		500,000		405,477
Mastercard
1.900%, 03/15/31		2,500,000		2,041,194


CORPORATE OBLIGATIONS — continued

	Face Amount		Value

FINANCIALS — continued
Mitsubishi UFJ Financial Group
1.538%, H15T1Y +
0.750%, 07/20/27(A)	$	2,105,000	$	1,924,597
Mizuho Financial Group
5.748%, H15T1Y +
1.900%, 07/06/34(A)		1,650,000		1,643,445
Morgan Stanley MTN
5.466%, SOFRRATE +
1.730%, 01/18/35(A)		1,585,000		1,542,010
4.431%, TSFR3M +
1.890%, 01/23/30(A)		475,000		451,835
3.950%, 04/23/27		2,205,000		2,111,554
3.217%, U.S. SOFR +
1.485%, 04/22/42(A)		940,000		682,145
3.125%, 07/27/26		250,000		237,627
2.239%, SOFRRATE +
1.178%, 07/21/32(A)		1,700,000		1,351,848
0.864%, SOFRRATE +
0.745%, 10/21/25(A)		3,000,000		2,927,403
NatWest Group
6.475%, H15T5Y +
2.200%, 06/01/34(A)		925,000		928,883
5.808%, H15T1Y +
1.950%, 09/13/29(A)		3,010,000		3,003,510
5.778%, H15T1Y +
1.500%, 03/01/35(A)		1,910,000		1,870,677
5.125%, 05/28/24		100,000		99,891
1.642%, H15T1Y +
0.900%, 06/14/27(A)		1,750,000		1,604,092
Nederlandse Waterschapsbank
4.375%, 02/28/29(B)		500,000		488,744
NHP Foundation
6.000%, 12/01/33		1,000,000		996,733
NongHyup Bank MTN
4.875%, 07/03/28(B)		1,565,000		1,535,758
Oaktree Strategic Credit Fund
8.400%, 11/14/28(B)		1,575,000		1,644,587
OMERS Finance Trust
4.000%, 04/19/52(B)		3,345,000		2,520,476
3.500%, 04/19/32		5,000,000		4,449,625
OPEC Fund for International
Development MTN
4.500%, 01/26/26		2,500,000		2,452,888
OWS Cre Funding I
10.344%, ICE LIBOR
USD 1 MONTH +
4.900%, 09/15/24(A)(B)		3,283,126		3,284,830
Prudential Financial MTN
1.500%, 03/10/26		2,500,000		2,327,741
Raizen Fuels Finance
6.450%, 03/05/34(B)		575,000		572,856

The accompanying notes are an integral part of the financial statements.

CATHOLIC RESPONSIBLE INVESTMENTS BOND FUND

APRIL 30, 2024 (Unaudited)


CORPORATE OBLIGATIONS — continued

	Face Amount		Value

FINANCIALS — continued
RWE Finance US
5.875%, 04/16/34(B)	$	700,000	$	686,464
Santander Holdings USA
3.244%, 10/05/26		3,020,000		2,830,523
Smurfit Kappa Treasury ULC
5.777%, 04/03/54(B)		2,200,000		2,105,207
5.438%, 04/03/34(B)		2,250,000		2,178,737
Starwood Property Trust
7.250%, 04/01/29‡(B)		750,000		740,709
Sumitomo Mitsui Financial
Group MTN
5.808%, 09/14/33		1,500,000		1,517,332
Truist Bank
2.636%, H15T5Y +
1.150%, 09/17/29(A)		2,735,000		2,634,387
UBS Group
6.301%, H15T1Y +
2.000%, 09/22/34(A)(B)		725,000		735,964
5.959%, H15T1Y +
2.200%, 01/12/34(A)(B)		2,050,000		2,034,710
1.494%, H15T5Y +
0.850%, 08/10/27(A)(B)		495,000		448,277
UniCredit MTN
7.296%, USISDA05 +
4.914%, 04/02/34(A)(B)		2,400,000		2,420,260
5.459%, H15T5Y +
4.750%, 06/30/35(A)(B)		925,000		851,111
Unum Group
6.750%, 12/15/28		465,000		476,757
US Bancorp
4.839%, SOFRRATE +
1.600%, 02/01/34(A)		1,438,000		1,326,958
USAA Capital
2.125%, 05/01/30(B)		4,100,000		3,385,127
Wells Fargo MTN
6.303%, SOFRRATE +
1.790%, 10/23/29(A)		580,000		594,186
5.198%, SOFRRATE +
1.500%, 01/23/30(A)		1,425,000		1,397,255
4.897%, SOFRRATE +
2.100%, 07/25/33(A)		600,000		563,314
4.540%, SOFRRATE +
1.560%, 08/15/26(A)		1,500,000		1,475,601
4.300%, 07/22/27		1,225,000		1,180,283
4.100%, 06/03/26		425,000		411,828
3.350%, SOFRRATE +
1.500%, 03/02/33(A)		525,000		443,184
2.572%, TSFR3M +
1.262%, 02/11/31(A)		50,000		42,308
WLB Asset II D Pte
6.500%, 12/21/26(B)		2,500,000		2,375,635


CORPORATE OBLIGATIONS — continued

	Face Amount		Value

FINANCIALS — continued
WLB Asset VI Pte
7.250%, 12/21/27(B)	$	1,500,000	$	1,450,866

				257,093,348


HEALTH CARE — 0.3%
Cigna Group
7.875%, 05/15/27		651,000		693,967
CVS Health
5.050%, 03/25/48		2,850,000		2,431,037
4.125%, 04/01/40		225,000		179,710
3.750%, 04/01/30		175,000		158,744
Elanco Animal Health
6.650%, 08/28/28		1,110,000		1,107,157
GE HealthCare Technologies
5.905%, 11/22/32(B)		1,000,000		1,020,751
Zoetis
4.500%, 11/13/25		600,000		590,708

				6,182,074


INDUSTRIALS — 0.9%
AerCap Ireland Capital DAC
3.300%, 01/30/32		1,655,000		1,381,671
3.000%, 10/29/28		225,000		200,673
Ambipar Lux Sarl
9.875%, 02/06/31(B)		825,000		816,702
Cemex
9.125%, H15T5Y +
5.157%(A)(B)(E)		2,500,000		2,682,827
5.200%, 09/17/30(B)		1,925,000		1,822,635
CRH America
3.875%, 05/18/25(B)		700,000		685,427
Family Forest Impact
Foundation
5.500%, 07/01/32		1,250,000		1,198,962
Mileage Plus Holdings
6.500%, 06/20/27(B)		4,147,000		4,154,003
Nature Conservancy
3.957%, 03/01/52		2,485,000		1,933,528
Norfolk Southern
2.300%, 05/15/31		2,500,000		2,059,669
Union Pacific Railroad 2005 Pass
Through Trust
5.082%, 01/02/29		22,930		22,466
Union Pacific Railroad 2007-3
Pass Through Trust
6.176%, 01/02/31		13,821		13,929

				16,972,492


INFORMATION TECHNOLOGY — 0.5%
Apple
3.000%, 06/20/27		2,500,000		2,351,736
Broadcom
4.150%, 11/15/30		435,000		401,378

The accompanying notes are an integral part of the financial statements.

CATHOLIC RESPONSIBLE INVESTMENTS BOND FUND

APRIL 30, 2024 (Unaudited)


CORPORATE OBLIGATIONS — continued

	Face Amount		Value

INFORMATION TECHNOLOGY — continued
Dell International
6.020%, 06/15/26	$	102,000	$	102,592
Intel
4.150%, 08/05/32(F)		2,500,000		2,287,106
Microchip Technology
0.983%, 09/01/24		975,000		959,534
Oracle
3.900%, 05/15/35		2,445,000		2,064,014
3.600%, 04/01/40		495,000		370,901
VMware
4.650%, 05/15/27		1,920,000		1,866,546
1.400%, 08/15/26		525,000		477,424

				10,881,231

MATERIALS — 0.6%
Air Products and Chemicals
4.800%, 03/03/33		2,500,000		2,398,989
Alcoa Nederland Holding BV
7.125%, 03/15/31(B)		1,030,000		1,042,258
BHP Billiton Finance USA
5.250%, 09/08/33		770,000		754,672
Celanese US Holdings
6.550%, 11/15/30		1,625,000		1,664,558
Dow Chemical
9.400%, 05/15/39		166,000		215,714
7.375%, 11/01/29		430,000		467,118
5.550%, 11/30/48		35,000		32,610
5.150%, 02/15/34		2,000,000		1,924,097
FMG Resources August 2006
Pty
6.125%, 04/15/32(B)		2,500,000		2,423,394
Inversiones CMPC
6.125%, 06/23/33(B)		1,060,000		1,051,194
LG Chemical
4.375%, 07/14/25(B)		575,000		564,428

				12,539,032

REAL ESTATE — 0.6%
Alexandria Real Estate Equities
5.625%, 05/15/54‡		225,000		206,791
American Tower
2.950%, 01/15/51‡		1,500,000		905,490
Boston Properties
6.500%, 01/15/34‡		475,000		474,805
3.250%, 01/30/31‡		2,825,000		2,348,764
ERP Operating
4.150%, 12/01/28‡		3,672,000		3,495,024
Realty Income
3.400%, 01/15/30‡		1,570,000		1,399,453
Regency Centers
3.750%, 06/15/24‡		2,500,000		2,490,951

				11,321,278


CORPORATE OBLIGATIONS — continued

	Face Amount		Value

UTILITIES — 3.4%
Alabama Power
3.700%, 12/01/47	$	1,845,000	$	1,351,115
Avangrid
3.800%, 06/01/29		2,500,000		2,276,658
3.150%, 12/01/24		2,545,000		2,503,241
CenterPoint Energy Houston
Electric
3.350%, 04/01/51		2,600,000		1,764,060
CenterPoint Energy Resources
1.750%, 10/01/30		1,320,000		1,054,991
Consolidated Edison of New
York
4.450%, 03/15/44		965,000		805,893
Continental Wind
6.000%, 02/28/33(B)		2,496,880		2,471,368
Dominion Energy
5.750%, ICE LIBOR
USD 3 MONTH +
3.057%, 10/01/54(A)		1,875,000		1,870,127
2.250%, 08/15/31		1,500,000		1,194,721
Dominion Energy South
Carolina
6.250%, 10/15/53		935,000		989,760
Electricite de France
6.250%, 05/23/33(B)		200,000		204,829
3.625%, 10/13/25(B)		1,000,000		971,992
Georgia Power
5.125%, 05/15/52		2,500,000		2,264,432
3.250%, 03/15/51		368,000		240,493
MidAmerican Energy
5.850%, 09/15/54		975,000		981,423
3.950%, 08/01/47		2,500,000		1,905,611
2.700%, 08/01/52		2,588,000		1,509,747
National Rural Utilities
Cooperative Finance
4.150%, 12/15/32		3,000,000		2,703,833
NextEra Energy Capital Holdings
6.051%, 03/01/25		975,000		976,930
5.749%, 09/01/25		200,000		200,128
5.250%, 03/15/34		800,000		768,061
4.900%, 03/15/29		1,125,000		1,095,592
4.625%, 07/15/27		100,000		97,396
4.255%, 09/01/24		500,000		497,201
Niagara Mohawk Power
1.960%, 06/27/30(B)		2,500,000		2,032,385
NRG Energy
7.000%, 03/15/33(B)		2,035,000		2,119,191
NSTAR Electric
3.100%, 06/01/51		175,000		112,472
Pacific Gas and Electric
6.700%, 04/01/53		5,000,000		5,140,434

The accompanying notes are an integral part of the financial statements.

CATHOLIC RESPONSIBLE INVESTMENTS BOND FUND

APRIL 30, 2024 (Unaudited)


CORPORATE OBLIGATIONS — continued

	Face Amount		Value

UTILITIES — continued
4.950%, 07/01/50	$	1,980,000	$	1,610,377
PECO Energy
4.150%, 10/01/44		1,015,000		815,827
3.000%, 09/15/49		1,005,000		639,867
Public Service Electric and Gas
MTN
5.125%, 03/15/53		1,250,000		1,152,847
4.650%, 03/15/33		2,595,000		2,447,689
3.100%, 03/15/32		4,500,000		3,829,706
San Diego Gas & Electric
4.950%, 08/15/28		1,000,000		985,121
2.950%, 08/15/51		2,500,000		1,567,923
SCE Recovery Funding
5.112%, 12/15/47		300,000		277,106
Solar Star Funding
3.950%, 06/30/35(B)		918,007		814,444
Southern
5.113%, 08/01/27		1,025,000		1,010,113
4.850%, 06/15/28		500,000		487,372
4.475%, 08/01/24(C)		700,000		697,272
4.000%, H15T5Y +
3.733%, 01/15/51(A)		1,550,000		1,478,569
3.750%, H15T5Y +
2.915%, 09/15/51(A)		1,450,000		1,328,943
Southern California Edison
3.650%, 06/01/51		3,000,000		2,074,806
3.450%, 02/01/52		2,530,000		1,685,438
2.750%, 02/01/32		2,500,000		2,048,798
Southern Power
0.900%, 01/15/26		1,160,000		1,069,639
Union Electric
3.900%, 04/01/52		2,195,000		1,641,936

				67,767,877

Total Corporate Obligations
(Cost $544,713,185)				511,504,023



ASSET-BACKED SECURITIES — 7.6%

Automotive — 4.2%
American Credit Acceptance
Receivables Trust, Ser 2022-
2, Cl D
4.850%, 06/13/28 (B)	$	2,555,000	$	2,511,125
American Credit Acceptance
Receivables Trust, Ser 2023-
4, Cl D
7.650%, 09/12/30 (B)		1,155,000		1,180,870
CAL Receivables 2022-1,
Ser 2022-1, Cl B
9.680%, SOFR30A +
4.350%, 10/15/26 (A)(B)		2,374,154		2,372,811


ASSET-BACKED SECURITIES — continued

	Face Amount		Value
CPS Auto Receivables Trust
2024-B, Ser 2024-B, Cl D
6.420%, 07/15/30 (B)	$	2,965,000	$	2,968,527
Drive Auto Receivables Trust
2020-2, Ser 2020-2, Cl D
3.050%, 05/15/28		1,164,787		1,164,884
Exeter Automobile Receivables
Trust 2023-2, Ser 2023-2A,
Cl D
6.320%, 08/15/29		2,140,000		2,136,120
Exeter Automobile Receivables
Trust 2023-4, Ser 2023-4A,
Cl D
6.950%, 12/17/29		1,100,000		1,115,070
Exeter Automobile Receivables
Trust 2024-1, Ser 2024-1A,
Cl D
5.840%, 06/17/30		4,215,000		4,156,156
Exeter Automobile Receivables
Trust 2024-2, Ser 2024-2A,
Cl D
5.920%, 02/15/30		2,850,000		2,810,924
Exeter Automobile Receivables
Trust, Ser 2021-3A, Cl D
1.550%, 06/15/27		5,200,000		4,911,109
Exeter Automobile Receivables
Trust, Ser 2022-2A, Cl D
4.560%, 07/17/28		3,200,000		3,114,326
Exeter Automobile Receivables
Trust, Ser 2022-3A, Cl D
6.760%, 09/15/28		3,000,000		3,010,943
Exeter Automobile Receivables
Trust, Ser 2022-4A, Cl D
5.980%, 12/15/28		1,385,000		1,375,618
Exeter Automobile Receivables
Trust, Ser 2022-5A, Cl D
7.400%, 02/15/29		3,945,000		4,010,269
Flagship Credit Auto Trust 2021-
2, Ser 2021-2, Cl D
1.590%, 06/15/27 (B)		4,000,000		3,656,128
Flagship Credit Auto Trust,
Ser 2022-2, Cl D
5.800%, 04/17/28 (B)		2,110,000		1,974,891
Ford Credit Auto Owner Trust
2021-REV1, Ser 2021-1, Cl D
2.310%, 10/17/33 (B)		1,750,000		1,613,881
GLS Auto Receivables Issuer
Trust 2021-4, Ser 2021-4A,
Cl D
2.480%, 10/15/27 (B)		5,825,000		5,491,530
GLS Auto Receivables Issuer
Trust 2023-1, Ser 2023-1A,
Cl D
7.010%, 01/16/29 (B)		1,415,000		1,429,946

The accompanying notes are an integral part of the financial statements.

CATHOLIC RESPONSIBLE INVESTMENTS BOND FUND

APRIL 30, 2024 (Unaudited)


ASSET-BACKED SECURITIES — continued

	Face Amount		Value
GLS Auto Receivables Issuer
Trust 2023-2, Ser 2023-2A,
Cl D
6.310%, 03/15/29 (B)	$	2,341,000	$	2,334,229
GLS Auto Receivables Issuer
Trust 2024-1, Ser 2024-1A,
Cl D
5.950%, 12/17/29 (B)		1,210,000		1,191,544
GLS Auto Receivables Issuer
Trust, Ser 2022-2A, Cl D
6.150%, 04/17/28 (B)		2,500,000		2,485,157
Octane Receivables Trust 2023-
1, Ser 2023-1A, Cl C
6.370%, 09/20/29 (B)		895,000		897,127
Octane Receivables Trust 2023-
2, Ser 2023-2A, Cl C
6.240%, 06/20/31 (B)		3,580,000		3,576,972
Santander Drive Auto
Receivables Trust 2023-S1,
Ser 2023-S1, Cl R1
8.140%, 04/18/28 (B)		2,519,813		2,530,556
Santander Drive Auto
Receivables Trust 2024-2,
Ser 2024-2, Cl D
6.280%, 08/15/31		1,545,000		1,547,393
Santander Drive Auto
Receivables Trust, Ser 2022-
7, Cl C
6.690%, 03/17/31		3,340,000		3,386,086
SBNA Auto Receivables Trust
2024-A, Ser 2024-A, Cl D
6.040%, 04/15/30 (B)		1,440,000		1,419,109
Tesla Auto Lease Trust 2023-B,
Ser 2023-B, Cl B
6.570%, 08/20/27 (B)		870,000		874,742
Tesla Auto Lease Trust 2024-A,
Ser 2024-A, Cl A3
5.300%, 06/21/27 (B)		1,170,000		1,162,601
Tesla Auto Lease Trust,
Ser 2023-B, Cl A3
6.130%, 09/21/26 (B)		1,500,000		1,508,498
Tesla Electric Vehicle Trust
2023-1, Ser 2023-1, Cl A4
5.380%, 02/20/29 (B)		900,000		895,589
Tesla Electric Vehicle Trust,
Ser 2023-1, Cl A2A
5.540%, 12/21/26 (B)		1,000,000		999,423
Westlake Automobile
Receivables Trust 2022-1,
Ser 2022-1A, Cl D
3.490%, 03/15/27 (B)		345,000		334,270


ASSET-BACKED SECURITIES — continued

	Face Amount		Value
Westlake Automobile
Receivables Trust 2023-1,
Ser 2023-1A, Cl D
6.790%, 11/15/28 (B)	$	1,925,000	$	1,949,478
Westlake Automobile
Receivables Trust 2023-2,
Ser 2023-2A, Cl D
7.010%, 11/15/28 (B)		2,340,000		2,368,440
Westlake Automobile
Receivables Trust 2024-1,
Ser 2024-1A, Cl D
6.020%, 10/15/29 (B)		2,010,000		2,000,556

				82,466,898

Other Asset-Backed Securities — 3.4%
AEP Texas Central Transition
Funding III, Ser 2012-1, Cl A3
2.845%, 03/01/26		30,009		29,704
AGL CLO 11, Ser 2021-11A, Cl C
7.640%, TSFR3M + 2.312%,
04/15/34 (A)(B)		2,750,000		2,755,082
American Credit Acceptance
Receivables Trust 2024-1,
Ser 2024-1, Cl D
5.860%, 05/13/30 (B)		4,560,000		4,489,688
Banc of America Re-Remic
Trust, Ser FRR1, Cl A
2.130%, 04/27/49 (A)(B)		3,750,000		2,671,404
BMO 2023-C7 Mortgage Trust,
Ser C7, Cl C
7.360%, 12/15/56 (A)		2,000,000		2,086,682
DRIVEN BRANDS FUNDING,
Ser 2019-1A, Cl A2
4.641%, 04/20/49 (B)		3,467,850		3,344,963
Frontier Issuer, Ser 2023-1,
Cl A2
6.600%, 08/20/53 (B)		1,000,000		998,556
Frontier Issuer, Ser 2023-1, Cl C
11.500%, 08/20/53 (B)		1,000,000		1,002,230
GoodLeap Sustainable Home
Solutions Trust 2021-5,
Ser 2021-5CS, Cl B
2.560%, 10/20/48 (B)		2,336,506		1,685,449
GoodLeap Sustainable Home
Solutions Trust 2023-1,
Ser 2023-1GS, Cl A
5.520%, 02/22/55 (B)		1,653,953		1,567,998
GoodLeap Sustainable Home
Solutions Trust, Ser 2022-3CS,
Cl B
5.500%, 07/20/49 (B)		1,250,000		1,036,029
GoodLeap Sustainable Home
Solutions Trust, Ser 2022-4CS,
Cl B
5.550%, 11/20/54 (B)		1,118,000		959,000

The accompanying notes are an integral part of the financial statements.

CATHOLIC RESPONSIBLE INVESTMENTS BOND FUND

APRIL 30, 2024 (Unaudited)


ASSET-BACKED SECURITIES — continued

	Face Amount		Value
Helios Issuer, Ser 2023-GRID1,
Cl 1A
5.750%, 12/20/50 (B)	$	922,703	$	915,321
Hertz Vehicle Financing III,
Ser 2023-2A, Cl A
5.570%, 09/25/29 (B)		2,000,000		1,967,428
Mosaic Solar Loan Trust,
Ser 2022-1A, Cl B
3.160%, 01/20/53 (B)		1,156,746		914,804
MVW 2024-1, Ser 2024-1A, Cl C
6.200%, 02/20/43 (B)		1,023,246		1,014,336
Navient Student Loan Trust
2016-1, Ser 2016-1A, Cl A
6.145%, SOFR30A +
0.814%, 02/25/70 (A)(B)		319,640		317,911
Navient Student Loan Trust
2016-5, Ser 2016-5A, Cl A
6.695%, SOFR30A +
1.364%, 06/25/65 (A)(B)		2,666,039		2,685,997
Navient Student Loan Trust
2016-6, Ser 2016-6A, Cl A3
6.745%, SOFR30A +
1.414%, 03/25/66 (A)(B)		95,084		96,240
Navient Student Loan Trust
2018-2, Ser 2018-2A, Cl A3
6.195%, SOFR30A +
0.864%, 03/25/67 (A)(B)		4,559,413		4,521,669
Navient Student Loan Trust
2021-1, Ser 2021-1A, Cl A1B
6.045%, SOFR30A +
0.714%, 12/26/69 (A)(B)		4,288,215		4,226,244
Neuberger Berman Loan
Advisers CLO, Ser 2022-47A,
Cl C
7.379%, TSFR3M + 2.050%,
04/14/35 (A)(B)		6,000,000		5,932,350
OneMain Financial Issuance
Trust 2023-1, Ser 2023-1A,
Cl A
5.500%, 06/14/38 (B)		2,050,000		2,041,564
Pagaya AI Debt Trust 2024-3,
Ser 2024-3, Cl C
7.297%, 10/15/31 (B)		2,270,000		2,268,793
SBAP 2004-20K 1
4.880%, 11/01/24		635		632
SBAP 2006-20B 1, Ser 2006-
20B, Cl 1
5.350%, 02/01/26		847		833
SBAP 2006-20C 1, Ser 2006-
20C, Cl 1
5.570%, 03/01/26		766		754
SBAP 2007-20C 1
5.230%, 03/01/27		808		793


ASSET-BACKED SECURITIES — continued

	Face Amount		Value
Sierra Timeshare 2024-
1 Receivables Funding,
Ser 2024-1A, Cl C
5.940%, 01/20/43 (B)	$	1,870,000	$	1,853,200
SLM Student Loan Trust 2004-3,
Ser 2014-3A, Cl A6B
6.160%, SOFR90A +
0.812%, 10/25/64 (A)(B)		2,533,675		2,499,722
SLM Student Loan Trust 2009-3,
Ser 2009-3, Cl A
6.195%, SOFR30A +
0.864%, 01/25/45 (A)(B)		1,661,972		1,649,015
SMB Private Education Loan
Trust 2017-B, Ser 2017-B,
Cl A2A
2.820%, 10/15/35 (B)		52,105		50,431
SMB Private Education Loan
Trust 2018-A, Ser 2018-A,
Cl A2A
3.500%, 02/15/36 (B)		592,943		573,777
SMB Private Education Loan
Trust 2023-B, Ser 2023-B,
Cl A1A
4.990%, 10/16/56 (B)		1,565,207		1,512,908
SMB Private Education Loan
Trust 2024-A, Ser 2024-A,
Cl A1A
5.240%, 03/15/56 (B)		1,838,669		1,795,909
SOUND POINT CLO XXII,
Ser 2021-1A, Cl CR
7.836%, TSFR3M + 2.512%,
01/20/32 (A)(B)		3,480,000		3,472,654
Sunnova Helios XI Issuer,
Ser 2023-A, Cl A
5.300%, 05/20/50 (B)		950,475		915,530
Sunnova Helios XII Issuer,
Ser 2023-B, Cl A
5.300%, 08/22/50 (B)		960,527		922,255
Sunrun Julius Issuer 2023-2,
Ser 2023-2A, Cl A1
6.600%, 01/30/59 (B)		1,260,350		1,229,917
United States Small Business
Administration, Ser 2004-20L,
Cl 1
4.870%, 12/01/24		636		633
United States Small Business
Administration, Ser 2005-20A,
Cl 1
4.860%, 01/01/25		254		252
United States Small Business
Administration, Ser 2005-20E,
Cl 1
4.840%, 05/01/25		256		253

The accompanying notes are an integral part of the financial statements.

CATHOLIC RESPONSIBLE INVESTMENTS BOND FUND

APRIL 30, 2024 (Unaudited)


ASSET-BACKED SECURITIES — continued

	Face Amount		Value
United States Small Business
Administration, Ser 2005-20G,
Cl 1
4.750%, 07/01/25	$	1,287	$	1,272
United States Small Business
Administration, Ser 2005-20H,
Cl 1
5.110%, 08/01/25		2,349		2,324
United States Small Business
Administration, Ser 2005-20J,
Cl 1
5.090%, 10/01/25		3,196		3,141
United States Small Business
Administration, Ser 2006-20F,
Cl 1
5.820%, 06/01/26		455		447
United States Small Business
Administration, Ser 2006-20G,
Cl 1
6.070%, 07/01/26		1,292		1,277
United States Small Business
Administration, Ser 2006-20H,
Cl 1
5.700%, 08/01/26		942		931
United States Small Business
Administration, Ser 2007-20D,
Cl 1
5.320%, 04/01/27		2,874		2,802
United States Small Business
Administration, Ser 2007-20E,
Cl 1
5.310%, 05/01/27		1,198		1,173
United States Small Business
Administration, Ser 2007-20F,
Cl 1
5.710%, 06/01/27		2,657		2,633
Vivint Solar Financing V,
Ser 2018-1A, Cl B
7.370%, 04/30/48 (B)		506,492		470,434
Vivint Solar Financing VII,
Ser 2020-1A, Cl A
2.210%, 07/31/51 (B)		1,263,229		1,002,460
WB Commercial Mortgage Trust
2024-HQ, Ser HQ, Cl A
6.134%, 03/15/40 (A)(B)		1,080,000		1,066,130

				68,563,934

Total Asset-Backed Securities
(Cost $151,948,242)				151,030,832


MUNICIPAL BONDS — 2.4%

	Face Amount		Value

Alaska — 0.2%
City of Port Lions Alaska, RB
7.500%, 10/01/52	$	3,025,000	$	3,071,637


California — 1.0%
California Community Choice
Financing Authority, RB
6.125%, 04/01/30		1,500,000		1,493,747
California Health Facilities
Financing Authority, RB
3.034%, 06/01/34		1,865,000		1,545,127
2.984%, 06/01/33		3,090,000		2,599,606
City & County of San Francisco
California Community Facilities
District No. 2014-1, Special
Tax
6.332%, 09/01/51		1,250,000		1,271,761
3.482%, 09/01/50		2,500,000		1,695,504
City of Los Angeles California,
Ser A, GO
5.000%, 09/01/42		2,500,000		2,356,467
City of Los Angeles Department
of Airports Customer Facility
Charge Revenue, RB
3.258%, 05/15/30		2,250,000		2,037,844
3.158%, 05/15/29		1,000,000		916,762
Regents of the University of
California Medical Center
Pooled Revenue, RB
4.563%, 05/15/53		600,000		516,686
Sacramento County Public
Financing Authority, RB
5.637%, 04/01/50		2,455,000		2,456,716
State of California, GO
7.625%, 03/01/40		40,000		46,823
7.550%, 04/01/39		100,000		117,533
7.500%, 04/01/34		675,000		769,452
7.300%, 10/01/39		625,000		707,206
Tuolumne Wind Project
Authority, RB
6.918%, 01/01/34		1,100,000		1,180,924

				19,712,158


Connecticut — 0.1%
Connecticut Green Bank, RB
2.900%, 11/15/35		2,500,000		2,020,903


District of Columbia — 0.1%
District of Columbia, RB
2.932%, 04/01/33		1,590,000		1,295,320

The accompanying notes are an integral part of the financial statements.

CATHOLIC RESPONSIBLE INVESTMENTS BOND FUND

APRIL 30, 2024 (Unaudited)


MUNICIPAL BONDS — continued

	Face Amount		Value

Florida — 0.1%
Florida Development Finance,
RB
8.250%, 07/01/57 (A)(B)	$	1,000,000	$	1,001,864


Hawaii — 0.1%
State of Hawaii Department
of Business Economic
Development & Tourism,
Ser A-2, RB
3.242%, 01/01/31		907,822		865,685


Illinois — 0.1%
State of Illinois, GO
5.100%, 06/01/33		1,850,000		1,807,471


Massachusetts — 0.0%
Massachusetts Housing Finance
Agency, Ser 226-SOCIAL, RB
5.562%, 12/01/52		495,000		484,295


Montana — 0.0%
County of Gallatin Montana, RB
11.500%, 09/01/27 (B)		500,000		507,761


New Hampshire — 0.1%
New Hampshire Business
Finance Authority, RB
5.580%, 02/01/29 (A)(B)		1,000,000		1,000,000
5.430%, 07/01/33 (A)(B)		850,000		850,000

				1,850,000


New Jersey — 0.2%
New Jersey Economic
Development Authority, RB
4.934%, 03/01/25		750,000		745,388
New Jersey Housing &
Mortgage Finance Agency,
Ser C, RB
3.100%, 11/01/40		3,100,000		2,319,497
New Jersey Turnpike Authority,
RB
7.414%, 01/01/40		275,000		314,951
7.102%, 01/01/41		925,000		1,032,267

				4,412,103


New York — 0.3%
Metropolitan Transportation
Authority, RB
5.175%, 05/03/24		2,500,000		2,464,487
New York State Energy
Research & Development
Authority, Ser A, RB
4.871%, 04/01/37		2,385,000		2,029,042


MUNICIPAL BONDS — continued

	Face Amount		Value
New York Transportation
Development, RB
6.971%, 06/30/51	$	2,500,000	$	2,371,731

				6,865,260


Ohio — 0.1%
American Municipal Power, RB
6.449%, 02/15/44		1,740,000		1,822,968


Other — 0.0%
Freddie Mac Multifamily ML
Certificates, RB
1.877%, 07/25/37		1,079,371		819,259


South Dakota — 0.0%
South Dakota Housing
Development Authority, Ser E,
RB
5.460%, 05/01/53		290,000		285,544

Total Municipal Bonds
(Cost $48,792,101)				46,822,228



SOVEREIGN DEBT — 0.5%

CANADA — 0.2%
CDP Financial MTN
1.000%, 05/26/26(B)	$	2,500,000	$	2,295,457
Hydro-Quebec
8.050%, 07/07/24		2,500,000		2,509,953


				4,805,410


COLOMBIA — 0.1%
Colombia Government
International Bond
8.750%, 11/14/53		1,375,000		1,417,725
5.625%, 02/26/44		1,200,000		899,986


				2,317,711


JAPAN — 0.1%
Japan Bank for International
Cooperation
4.375%, 10/05/27		1,000,000		976,574

The accompanying notes are an integral part of the financial statements.

CATHOLIC RESPONSIBLE INVESTMENTS BOND FUND

APRIL 30, 2024 (Unaudited)


SOVEREIGN DEBT — continued

	Face Amount		Value
NETHERLANDS — 0.1%
Nederlandse Waterschapsbank
1.000%, 05/28/30(B)	$	2,500,000	$	1,987,385


Total Sovereign Debt
(Cost $10,278,326)				10,087,080



BANK LOAN OBLIGATIONS — 0.2%

ECOLOGICAL SERVICES & EQUIPMENT — 0.2%
Terraform Power Operating
Specified Refinancing Term
Loan
7.842%, TSFR1M + 2.500%, 05/21/29(A)	$	2,267,588	$	2,259,788
Vistra Zero Operating Company
Term Loan
8.079%, 03/20/31		1,000,000		1,002,880

				3,262,668

Total Bank Loan Obligations
(Cost $3,257,789)				3,262,668



PREFERRED STOCK — 0.2%

	Shares
PREFERRED STOCK — 0.2%
Citigroup Capital XIII,
11.961%, TSFR3M + 6.632%,
10/30/40(A)		108,715	$	3,152,735

Total Preferred Stock
(Cost $2,861,568)				3,152,735



U.S. GOVERNMENT AGENCY OBLIGATION — 0.0%

	Face Amount
United States International
Development Finance
1.790%, 10/15/29	$	326,205	$	294,112


Total U.S. Government Agency
Obligation
(Cost $308,665)				294,112


SHORT-TERM INVESTMENT — 0.0%

	Shares		Value
State Street Institutional US
Government Money Market
Fund, Premier Class, 5.300%,
(G)
(Cost $902,396)		902,396	$	902,396

Total Short-Term Investment
(Cost $902,396)				902,396

Total Investments in Securities— 97.8%
(Cost $2,075,293,984)			$	1,938,821,811

Percentages are based on Net Assets of $1,981,678,337.

A list of the open futures contracts held by the Fund at April 30, 2024, is as follows:


Type of Contract	Number of Contracts			Notional Amount		Value		Unrealized Depreciation

Long Contracts

U.S. 5-Year Treasury Note		2,929	Jun-2024		$311,798,899		$305,742,445		$(6,056,454)

Ultra 10-Year U.S. Treasury Note		252	Jun-2024		28,750,085		27,775,125		(974,960)

					340,548,984		333,517,570		(7,031,414)

‡	Real Estate Investment Trust.

(A)

(B)

(C)	Step coupon security. Coupon rate will either increase (step-up bond) or decrease (step-down bond) at regular intervals until maturity. Interest rate shown reflects the rate currently in effect.

(D)	Interest rate represents the security’s effective yield at the time of purchase.

(E)	Perpetual security with no stated maturity date.

(F)	This security or a partial position of this security is on loan at April 30, 2024. The total market value of securities on loan at April 30, 2024 was $884,629.

(G)	This security was purchased with cash collateral received from securities lending. The total was of such securities as of April 30, 2024, was $902,396.

The accompanying notes are an integral part of the financial statements.

CATHOLIC RESPONSIBLE INVESTMENTS BOND FUND

APRIL 30, 2024 (Unaudited)

Cl — Class

CLO — Collateralized Loan Obligation

DAC — Designated Activity Company

FHLMC — Federal Home Loan Mortgage Corporation

FNMA — Federal National Mortgage Association

GNMA — Government National Mortgage Association

GO — General Obligation

H15T1Y — US Treasury Yield Curve Rate T Note Constant Mat 1 Year

H15T5Y — US Treasury Yield Curve Rate T Note Constant Mat 5 Year

ICE — Intercontinental Exchange

LIBOR — London Interbank Offered Rate

MTN — Medium Term Note

PJSC — Public Joint Stock Company

REMIC — Real Estate Mortgage Investment Conduit

RFUCCT1Y — Refinitiv USD IBOR Consumer Cash Fallbacks Term

1 Year

RB — Revenue Bond

Ser — Series

SOFR — Secured Overnight Financing Rate

SOFR30A — Secured Overnight Financing Rate 30-day Average

SOFR90A — Secured Overnight Financing Rate 90-day Average

SOFRINDX — Secured Overnight Financing Rate Index

TSFR1M — Term Structured Financing Rate 1 Month Average

TSFR3M — Term Structured Financing Rate 3 Month Average

TSFR12M — Term Structured Financing Rate 12 Month Average

USBMMY3M — U.S. Treasury Bill Money Market Yield 3 Month

USD — United States Dollar

USISDA05 — US Mid-Market Swap Rate 5 Year

The following is a summary of the inputs used as of April 30, 2024, in valuing the Fund’s investments and other financial instruments carried at market value:


Investments in Securities	Level 1		Level 2		Level 3		Total
Mortgage- Backed Securities	$	—	$	648,896,173	$	—	$	648,896,173
U.S. Treasury Obligations		—		562,869,564		—		562,869,564
Corporate Obligations		—		511,504,023		—		511,504,023
Asset-Backed Securities		—		151,030,832		—		151,030,832
Municipal Bonds		—		46,822,228		—		46,822,228
Sovereign Debt		—		10,087,080		—		10,087,080
Bank Loan Obligations		—		3,262,668		—		3,262,668
Preferred Stock		3,152,735		—		—		3,152,735
U.S. Government Agency Obligation		—		294,112		—		294,112
Short-Term Investment		902,396		—		—		902,396


Total Investments in Securities	$	4,055,131	$	1,934,766,680	$	—	$	1,938,821,811


Other Financial Instruments		Level 1		Level 2		Level 3		Total

Futures Contracts*
Unrealized Depreciation	$	(7,031,414)	$	—	$	—	$	(7,031,414)


Total Other Financial Instruments	$	(7,031,414)	$	—	$	—	$	(7,031,414)

* Futures contracts are valued at the unrealized appreciation (depreciation) on the instrument.

Amounts designated as “—“are $0.

For more information on valuation inputs, see Note 2 — Significant Accounting Policies in the Notes to Financial Statements.

The accompanying notes are an integral part of the financial statements.

CATHOLIC RESPONSIBLE INVESTMENTS OPPORTUNISTIC BOND FUND

APRIL 30, 2024 (Unaudited)

SECTOR WEIGHTINGS ^†

LOGO

† Percentages are based on total investments. Total investments do not include derivatives such as options, futures contracts, forward contracts, and swap contracts, if applicable.



SCHEDULE OF INVESTMENTS
U.S. TREASURY OBLIGATIONS — 28.8%

	Face Amount		Value
U.S. Treasury Bonds
3.000%, 08/15/52	$	5,970,000	$	4,310,293
U.S. Treasury Notes
5.521%, USBMMY3M +
0.200%, 01/31/25 (A)		48,410,000		48,465,575
5.491%, USBMMY3M +
0.170%, 10/31/25 (A)		6,230,000		6,237,211
5.490%, USBMMY3M +
0.169%, 04/30/25 (A)		36,380,000		36,418,370
5.358%, USBMMY3M +
0.037%, 07/31/24 (A)		2,650,000		2,650,047
4.875%, 04/30/26		580,000		578,120
4.625%, 04/30/29		12,303,000		12,250,136
4.500%, 04/15/27		138,000		136,555
4.375%, 11/30/28		1,195,000		1,176,375
4.250%, 03/15/27		2,415,000		2,373,492
4.250%, 02/28/29		4,260,000		4,171,472
4.125%, 03/31/29		11,835,000		11,521,557
4.000%, 06/30/28		3,050,000		2,959,930
3.875%, 08/15/33		22,600,000		21,215,750
3.750%, 12/31/28		2,355,000		2,256,752
3.500%, 04/30/30		5,750,000		5,385,234
2.625%, 02/15/29		6,500,000		5,911,953


Total U.S. Treasury Obligations

(Cost $169,493,502)				168,018,822


MORTGAGE-BACKED SECURITIES — 24.1%

Agency Mortgage-Backed Obligation — 14.3%
FHLMC
4.500%, 10/01/52	$	3,397,811	$	3,132,364
4.500%, 09/01/52		2,651,975		2,444,793


MORTGAGE-BACKED SECURITIES — continued

	Face Amount		Value
4.000%, 07/01/52	$	3,994,184	$	3,576,373
FNMA
5.000%, 11/01/52		8,144,050		7,732,599
4.500%, 09/01/52		4,853,281		4,474,126
4.000%, 07/01/52		898,236		803,757
4.000%, 06/01/52		11,226,304		10,052,307
FREMF 2017-K70 Mortgage Trust, Ser K70, Cl C
3.940%, 12/25/49 (A)(B)		1,800,000		1,657,875
FREMF 2019-K88 Mortgage Trust, Ser K88, Cl C
4.529%, 02/25/52 (A)(B)		1,500,000		1,383,198
FREMF Mortgage Trust, Ser 2015-K48, Cl C
3.771%, 08/25/48 (A)(B)		1,500,000		1,452,618
FREMF Mortgage Trust, Ser 2017-K65, Cl C
4.220%, 07/25/50 (A)(B)		1,600,000		1,501,537
FREMF Mortgage Trust, Ser 2017-K729, Cl B
3.792%, 11/25/49 (A)(B)		1,111,948		1,094,125
FREMF Mortgage Trust, Ser 2019-K91, Cl C
4.403%, 04/25/51 (A)(B)		870,000		795,853
FREMF Mortgage Trust, Ser 2019-K93, Cl C
4.257%, 05/25/52 (A)(B)		625,000		568,388
GAM RE-REMIC TRUST 2021- FRR2, Ser FRR2, Cl AK74, PO
0.000%, 09/27/51 (D)		1,500,000		1,103,757
GNMA
5.500%, 10/20/53		3,946,242		3,872,462
5.500%, 09/20/53		4,627,196		4,540,684
5.500%, 06/20/53		3,843,011		3,771,161
5.500%, 05/20/53		5,930,991		5,820,103
5.500%, 04/20/53		6,341,374		6,222,813
5.500%, 02/20/53		4,102,169		4,025,474
5.000%, 06/20/53		5,373,272		5,145,026
5.000%, 03/20/53		4,128,106		3,955,249
5.000%, 02/20/53		4,228,339		4,051,321

				83,177,963

Non-Agency Mortgage-Backed Obligation — 9.8%
Aventura Mall Trust, Ser AVM, Cl D
4.249%, 07/05/40 (A)(B)		1,500,000		1,272,214
BBCMS Mortgage Trust, Ser 2018-TALL, Cl A
6.240%, TSFR1M + 0.919%,
03/15/37 (A)(B)		2,000,000		1,900,001
BBCMS Mortgage Trust, Ser 2018-TALL, Cl C
6.639%, TSFR1M + 1.318%,
03/15/37 (A)(B)		2,400,000		2,160,001

The accompanying notes are an integral part of the financial statements.

CATHOLIC RESPONSIBLE INVESTMENTS OPPORTUNISTIC BOND FUND

APRIL 30, 2024 (Unaudited)


MORTGAGE-BACKED SECURITIES — continued

	Face Amount		Value
BPR Trust 2023-BRK2, Ser BRK2, Cl A
7.147%, 11/05/28 (A)(B)	$	2,100,000	$	2,154,738
BPR Trust 2023-BRK2, Ser BRK2, Cl C
8.630%, 11/05/28 (A)(B)		1,500,000		1,515,498
BX Commercial Mortgage Trust, Ser 2021-VOLT, Cl C
6.536%, TSFR1M + 1.214%,
09/15/36 (A)(B)		1,250,000		1,229,688
BX Commercial Mortgage Trust, Ser 2022-AHP, Cl AS
6.811%, TSFR1M + 1.490%,
01/17/39 (A)(B)		2,500,000		2,459,375
BX Trust, Ser 2022-CLS, Cl B
6.300%, 10/13/27 (B)		2,200,000		2,039,286
CENT Trust 2023-CITY, Ser CITY, Cl A
7.941%, TSFR1M + 2.620%,
09/15/38 (A)(B)		2,300,000		2,317,250
Century Plaza Towers, Ser 2019-CPT, Cl A
2.865%, 11/13/39 (B)		530,000		442,716
Century Plaza Towers, Ser 2019-CPT, Cl B
3.097%, 11/13/39 (A)(B)		1,000,000		811,170
CFCRE Commercial Mortgage Trust, Ser 2016-C6, Cl AM
3.502%, 11/10/49 (A)		3,005,000		2,745,146
CHNGE Mortgage Trust, Ser 2022-NQM1, Cl A3
5.820%, 06/25/67 (B)(C)		919,926		897,474
Citigroup Commercial Mortgage Trust, Ser 2014-GC21, Cl AS
4.026%, 05/10/47		2,126,560		2,101,041
Citigroup Commercial Mortgage Trust, Ser 2016-P6, Cl AS
4.032%, 12/10/49 (A)		1,400,000		1,250,757
COMM Mortgage Trust, Ser 2020-CBM, Cl A2
2.896%, 02/10/37 (B)		600,000		579,698
COMM Mortgage Trust, Ser 2020-CBM, Cl D
3.754%, 02/10/37 (A)(B)		275,000		262,258
COMM Mortgage Trust, Ser 2022-HC, Cl A
2.819%, 01/10/39 (B)		386,000		346,801
COMM Mortgage Trust, Ser 2022-HC, Cl C
3.376%, 01/10/39 (B)		500,000		436,652
CSMC OA, Ser 2014-USA, Cl A2
3.953%, 09/15/37 (B)		1,000,000		867,500


MORTGAGE-BACKED SECURITIES — continued

	Face Amount		Value
Extended Stay America Trust, Ser 2021-ESH, Cl B
6.816%, TSFR1M + 1.494%,
07/15/38 (A)(B)	$	411,415	$	410,772
FHLMC Multifamily ML Certificates, Ser 2023-ML18, Cl XCA, IO
1.507%, 09/25/37 (A)		23,523,220		2,411,911
FIVE Mortgage Trust, Ser 2023- V1, Cl C
6.507%, 02/10/56 (A)		1,523,000		1,496,355
GAM RE-REMIC TRUST 2021- FRR2, Ser FRR2, Cl AK44
1.930%, 09/27/51 (A)(B)		2,940,000		2,823,027
GAM RE-REMIC Trust 2022- FRR3, Ser FRR3, Cl AK47
0.700%, 05/27/48 (A)(B)		600,000		558,625
GAM RE-REMIC TRUST, Ser 2021-FRR2, Cl BK44
1.700%, 09/27/51 (A)(B)		1,570,000		1,485,362
GS Mortgage Securities Corporation Trust, Ser 2021- IP, Cl A
6.386%, TSFR1M + 1.064%,
10/15/36 (A)(B)		2,000,000		1,971,250
GS Mortgage Securities II, Ser 2012-BWTR, Cl A
2.954%, 11/05/34 (B)		1,750,000		1,311,235
GS Mortgage Securities Trust, Ser 2014-GC22, Cl B
4.391%, 06/10/47 (A)		500,000		400,247
Hudson Yards Mortgage Trust, Ser 2016-10HY, Cl A
2.835%, 08/10/38 (B)		1,000,000		925,572
Hudson Yards Mortgage Trust, Ser 2019-55HY, Cl D
3.041%, 12/10/41 (A)(B)		1,500,000		1,180,823
JPMBB Commercial Mortgage Securities Trust 2015-C28, Ser C28, Cl C
4.270%, 10/15/48 (A)		1,750,000		1,636,781
JPMBB Commercial Mortgage Securities Trust, Ser 2015- C28, Cl B
3.986%, 10/15/48		3,375,000		3,185,418
JPMDB Commercial Mortgage Securities Trust, Ser 2017-C5, Cl AS
3.858%, 03/15/50 (A)		2,340,000		1,999,784
Life Mortgage Trust, Ser 2021- BMR, Cl C
6.536%, TSFR1M + 1.214%,
03/15/38 (A)(B)		737,228		725,939

The accompanying notes are an integral part of the financial statements.

CATHOLIC RESPONSIBLE INVESTMENTS OPPORTUNISTIC BOND FUND

APRIL 30, 2024 (Unaudited)


MORTGAGE-BACKED SECURITIES — continued

	Face Amount		Value
LUXE Trust, Ser 2021-TRIP, Cl E
8.195%, TSFR1M + 2.864%,
10/15/38 (A)(B)	$	1,500,000	$	1,499,983
One Bryant Park Trust, Ser 2019-OBP, Cl A
2.516%, 09/15/54 (B)		1,000,000		829,418
One Market Plaza Trust, Ser 2017-1MKT, Cl B
3.845%, 02/10/32 (B)		250,000		222,278
SFAVE Commercial Mortgage Securities Trust, Ser 2015- 5AVE, Cl A1
3.872%, 01/05/43 (A)(B)		530,000		415,416
Shops at Crystals Trust 2016- CSTL, Ser CSTL, Cl A
3.126%, 07/05/36 (B)		1,018,000		952,261
STWD Mortgage Trust, Ser 2021-LIH, Cl AS
6.692%, TSFR1M + 1.371%,
11/15/36 (A)(B)		715,000		707,180
STWD Mortgage Trust, Ser 2021-LIH, Cl D
7.740%, TSFR1M + 2.419%,
11/15/36 (A)(B)		450,000		441,562
SUMIT Mortgage Trust, Ser 2022-BVUE, Cl A
2.789%, 02/12/41 (B)		660,000		499,109
Wells Fargo Commercial Mortgage Trust, Ser 2022-C62, Cl D
2.500%, 04/15/55 (B)		2,000,000		1,164,450

				57,044,022


Total Mortgage-Backed Securities

(Cost $143,857,370)				140,221,985


CORPORATE OBLIGATIONS — 20.9%

CONSUMER DISCRETIONARY — 0.2%
General Motors
5.400%, 10/15/29	$	1,175,000	$	1,155,950


CONSUMER STAPLES — 0.3%
CVS Pass-Through Trust
6.036%, 12/10/28		1,274,445		1,272,156
Delta Air Lines
4.750%, 10/20/28(B)		500,000		483,848

				1,756,004


ENERGY — 0.9%
Devon Energy
7.875%, 09/30/31		340,000		379,792


CORPORATE OBLIGATIONS — continued

	Face Amount		Value

ENERGY — continued
Enbridge
6.000%, 11/15/28	$	490,000	$	497,908
Energy Transfer
6.100%, 12/01/28		1,955,000		1,992,565
MidAmerican Energy
3.100%, 05/01/27		1,292,000		1,212,868
Ovintiv
5.650%, 05/15/28		1,000,000		998,811

				5,081,944


FINANCIALS — 14.7%
Arab Petroleum Investments
5.428%, 05/02/29(B)		1,000,000		1,003,750
Asian Development Bank MTN
1.750%, 08/14/26		1,000,000		928,963
Athene Global Funding
1.450%, 01/08/26(B)		2,560,000		2,375,060
Aviation Capital Group
6.375%, 07/15/30(B)		1,300,000		1,316,733
Bank of America MTN
1.530%, SOFRRATE +
0.650%, 12/06/25(A)		1,000,000		973,937
Barclays
5.690%, SOFRRATE +
1.740%, 03/12/30(A)		1,300,000		1,283,046
BB Blue Financing DAC
4.395%, 09/20/29		2,500,000		2,416,859
Belrose Funding Trust
2.330%, 08/15/30(B)		3,335,000		2,590,654
Blackstone Private Credit Fund
2.625%, 12/15/26		2,625,000		2,382,946
Blue Owl Capital
3.750%, 07/22/25		2,075,000		2,012,961
Blue Owl Credit Income
7.750%, 01/15/29(B)		955,000		971,743
BNP Paribas
5.176%, SOFRRATE +
1.520%, 01/09/30(A)(B)		2,390,000		2,344,622
BPCE
2.045%, SOFRRATE +
1.087%, 10/19/27(A)(B)		1,000,000		908,798
Central American Bank for Economic Integration
5.000%, 02/09/26(B)		500,000		494,385
Citigroup
6.049%, SOFRRATE +
0.694%, 01/25/26(A)		1,000,000		1,001,839
6.041%, SOFRRATE +
0.686%, 10/30/24(A)		1,000,000		1,001,295
2.014%, SOFRRATE +
0.694%, 01/25/26(A)		1,284,000		1,246,539

The accompanying notes are an integral part of the financial statements.

CATHOLIC RESPONSIBLE INVESTMENTS OPPORTUNISTIC BOND FUND

APRIL 30, 2024 (Unaudited)


CORPORATE OBLIGATIONS — continued

	Face Amount		Value

FINANCIALS — continued
1.281%, SOFRRATE +
0.528%, 11/03/25(A)	$	1,000,000	$	975,862
Conservation Fund A Nonprofit
3.474%, 12/15/29		1,000,000		885,376
Deutsche Bank NY
1.686%, 03/19/26		1,000,000		931,030
European Investment Bank
3.250%, 11/15/27		700,000		662,513
2.875%, 06/13/25(B)		2,500,000		2,432,877
2.375%, 05/24/27		1,253,000		1,162,947
2.125%, 04/13/26		500,000		472,535
Fifth Third Bancorp
6.339%, SOFRRATE +
2.340%, 07/27/29(A)		245,000		247,783
Glencore Funding
5.400%, 05/08/28(B)		890,000		880,675
Goldman Sachs Group
4.387%, SOFRRATE +
1.510%, 06/15/27(A)		1,000,000		974,758
Golub Capital BDC
2.500%, 08/24/26		1,610,000		1,473,782
HAT Holdings I
8.000%, 06/15/27(B)		500,000		513,141
Huntington Bancshares
6.208%, SOFRRATE +
2.020%, 08/21/29(A)		1,360,000		1,365,203
ING Groep
1.400%, H15T1Y +
1.100%, 07/01/26(A)(B)		1,000,000		948,857
Inter-American Development Bank
5.648%, SOFRINDX +
0.280%, 04/12/27(A)		1,000,000		998,470
Inter-American Investment
4.125%, 02/15/28		2,500,000		2,417,166
International Bank for Reconstruction & Development MTN
5.752%, SOFRINDX +
0.390%, 06/17/24(A)		1,000,000		1,000,400
0.000%, 03/31/28(D)		1,000,000		949,512
0.000%, 03/31/27(D)		2,500,000		2,249,958
International Development Association
0.875%, 04/28/26(B)		1,000,000		919,642
International Finance Facility for Immunisation MTN
1.000%, 04/21/26		1,000,000		920,575
JPMorgan Chase
0.768%, SOFRRATE +
0.490%, 08/09/25(A)		1,000,000		985,532


CORPORATE OBLIGATIONS — continued

	Face Amount		Value

FINANCIALS — continued
KeyBank
4.700%, 01/26/26	$	700,000	$	681,104
4.150%, 08/08/25		1,250,000		1,213,185
KeyCorp MTN
2.250%, 04/06/27		1,015,000		907,449
Kreditanstalt fuer Wiederaufbau
1.750%, 09/14/29		1,000,000		856,638
Liberty Mutual Insurance
7.875%, 10/15/26(B)		1,250,000		1,289,422
Liberty Utilities Finance GP 1
2.050%, 09/15/30(B)		1,000,000		788,787
Morgan Stanley MTN
1.512%, SOFRRATE +
0.858%, 07/20/27(A)		2,750,000		2,510,521
0.864%, SOFRRATE +
0.745%, 10/21/25(A)		1,000,000		975,801
Nederlandse Waterschapsbank
4.375%, 02/28/29(B)		400,000		390,995
1.000%, 05/28/30		1,500,000		1,192,431
NHP Foundation
5.850%, 12/01/28		250,000		252,044
NongHyup Bank MTN
4.875%, 07/03/28(B)		660,000		647,668
Nuveen
5.550%, 01/15/30(B)		980,000		972,451
Oaktree Strategic Credit Fund
8.400%, 11/14/28(B)		1,200,000		1,251,397
OMERS Finance Trust
3.500%, 04/19/32		1,000,000		889,925
OPEC Fund for International Development
4.500%, 01/26/26(B)		1,000,000		981,155
OWS Cre Funding I
10.337%, ICE LIBOR USD 1 MONTH +
4.900%, 09/15/24(A)(B)		1,219,447		1,220,080
Principal Life Global Funding II MTN
5.500%, 06/28/28(B)		1,595,000		1,574,515
Prudential Financial MTN
5.700%, US0003M +
2.665%, 09/15/48(A)		2,115,000		2,053,916
1.500%, 03/10/26		1,000,000		931,096
RWE Finance US
5.875%, 04/16/34(B)		350,000		343,232
Santander UK Group Holdings
1.532%, H15T1Y +
1.250%, 08/21/26(A)		2,580,000		2,430,438
Smurfit Kappa Treasury ULC
5.200%, 01/15/30(B)		2,250,000		2,194,943

The accompanying notes are an integral part of the financial statements.

CATHOLIC RESPONSIBLE INVESTMENTS OPPORTUNISTIC BOND FUND

APRIL 30, 2024 (Unaudited)


CORPORATE OBLIGATIONS — continued

	Face Amount		Value

FINANCIALS — continued
Starwood Property Trust
7.250%, 04/01/29‡(E)	$	500,000	$	493,806
Synchrony Financial
4.875%, 06/13/25		1,200,000		1,179,892
Truist Bank
2.636%, H15T5Y +
1.150%, 09/17/29(A)		2,000,000		1,926,337
Truist Financial MTN
7.161%, SOFRRATE +
2.446%, 10/30/29(A)		1,965,000		2,056,911
USAA Capital
2.125%, 05/01/30(B)		1,825,000		1,506,794
Wells Fargo MTN
4.540%, SOFRRATE +
1.560%, 08/15/26(A)		1,000,000		983,734
WLB Asset II D Pte
6.500%, 12/21/26(B)		1,000,000		950,254
WLB Asset VI Pte
7.250%, 12/21/27(B)		1,000,000		967,244

				86,236,889


INDUSTRIALS — 0.6%
Mileage Plus Holdings
6.500%, 06/20/27(B)		2,190,500		2,194,726
Weir Group
2.200%, 05/13/26(B)		1,000,000		924,527

				3,119,253


INFORMATION TECHNOLOGY — 0.5%
Apple
3.000%, 06/20/27		2,165,000		2,036,603
Intel
4.150%, 08/05/32		1,000,000		914,843

				2,951,446


MATERIALS — 0.6%
Air Products and Chemicals
4.800%, 03/03/33		500,000		479,798
Alcoa Nederland Holding BV
7.125%, 03/15/31(B)		685,000		693,152
Celanese US Holdings
6.350%, 11/15/28		1,790,000		1,818,302
LG Chemical
3.250%, 10/15/24(B)		700,000		691,573

				3,682,825


REAL ESTATE — 0.2%
ERP Operating
4.150%, 12/01/28‡		1,000,000		951,804


UTILITIES — 2.9%
Alexander Funding Trust II
7.467%, 07/31/28(B)		1,345,000		1,402,876


CORPORATE OBLIGATIONS — continued

	Face Amount		Value

UTILITIES — continued
Avangrid
3.800%, 06/01/29	$	2,000,000	$	1,821,326
3.150%, 12/01/24		1,000,000		983,591
Columbia Pipelines Holding
6.042%, 08/15/28(B)		445,000		449,063
Consumers 2023 Securitization Funding
5.550%, 03/01/28		1,000,000		996,398
Continental Wind
6.000%, 02/28/33(B)		983,992		973,938
Electricite de France
5.700%, 05/23/28(B)		1,800,000		1,806,695
3.625%, 10/13/25(B)		500,000		485,996
NextEra Energy Operating Partners
7.250%, 01/15/29(B)		1,016,000		1,029,703
Oncor Electric Delivery
0.550%, 10/01/25		1,000,000		932,911
Palomino Funding Trust I
7.233%, 05/17/28(B)		2,400,000		2,476,360
San Diego Gas & Electric
4.950%, 08/15/28		1,000,000		985,121
Solar Star Funding
3.950%, 06/30/35(B)		706,159		626,495
Southern Power
4.150%, 12/01/25		1,000,000		977,198
0.900%, 01/15/26		1,000,000		922,103

				16,869,774


Total Corporate Obligations

(Cost $124,088,269)				121,805,889


ASSET-BACKED SECURITIES — 20.0%

Automotive — 12.9%
American Credit Acceptance Receivables Trust 2021-4, Ser 2021-4, Cl E
3.120%, 02/14/28 (B)	$	1,555,000	$	1,504,374
American Credit Acceptance Receivables Trust 2023-3, Ser 2023-3, Cl D
6.820%, 10/12/29 (B)		1,450,000		1,449,876
American Credit Acceptance Receivables Trust 2023-4, Ser 2023-4, Cl C
6.990%, 09/12/30 (B)		3,000,000		3,040,933
American Credit Acceptance Receivables Trust, Ser 2021- 4, Cl D
1.820%, 02/14/28 (B)		500,000		488,678

The accompanying notes are an integral part of the financial statements.

CATHOLIC RESPONSIBLE INVESTMENTS OPPORTUNISTIC BOND FUND

APRIL 30, 2024 (Unaudited)


ASSET-BACKED SECURITIES — continued

	Face Amount		Value
American Credit Acceptance Receivables Trust, Ser 2022- 2, Cl D
4.850%, 06/13/28 (B)	$	3,400,000	$	3,341,463
American Credit Acceptance Receivables Trust, Ser 2022- 3, Cl D
5.830%, 10/13/28 (B)		2,895,000		2,879,079
American Credit Acceptance Receivables Trust, Ser 2023- 1, Cl D
6.350%, 04/12/29 (B)		2,345,000		2,331,451
Carvana Auto Receivables Trust, Ser 2021-N2, Cl C
1.070%, 03/10/28		244,267		229,239
CPS Auto Receivables Trust 2023-D, Ser 2023-D, Cl D
7.800%, 01/15/30 (B)		3,555,000		3,679,771
CPS Auto Receivables Trust, Ser 2021-D, Cl D
2.310%, 12/15/27 (B)		1,000,000		964,050
CPS Auto Receivables Trust, Ser 2022-C, Cl D
6.450%, 04/15/30 (B)		500,000		498,568
CPS Auto Receivables Trust, Ser 2023-A, Cl D
6.440%, 04/16/29 (B)		1,800,000		1,798,812
CPS Auto Receivables Trust, Ser 2023-B, Cl D
6.340%, 07/16/29 (B)		1,955,000		1,949,745
Drive Auto Receivables Trust, Ser 2021-1, Cl D
1.450%, 01/16/29		1,472,999		1,430,278
Exeter Automobile Receivables Trust 2023-2, Ser 2023-2A, Cl D
6.320%, 08/15/29		3,142,000		3,135,444
Exeter Automobile Receivables Trust 2023-4, Ser 2023-4A, Cl D
6.950%, 12/17/29		2,400,000		2,432,207
Exeter Automobile Receivables Trust 2024-1, Ser 2024-1A, Cl D
5.840%, 06/17/30		1,005,000		990,632
Exeter Automobile Receivables Trust, Ser 2020-1A, Cl E
3.740%, 01/15/27 (B)		575,000		569,352
Exeter Automobile Receivables Trust, Ser 2020-3A, Cl E
3.440%, 08/17/26 (B)		2,120,000		2,072,007
Exeter Automobile Receivables Trust, Ser 2021-2A, Cl D
1.400%, 04/15/27		1,350,000		1,290,439


ASSET-BACKED SECURITIES — continued

	Face Amount		Value
Exeter Automobile Receivables Trust, Ser 2022-2A, Cl D
4.560%, 07/17/28	$	500,000	$	486,557
Exeter Automobile Receivables Trust, Ser 2022-3A, Cl D
6.760%, 09/15/28		2,070,000		2,077,244
Exeter Automobile Receivables Trust, Ser 2022-4A, Cl D
5.980%, 12/15/28		505,000		501,498
Exeter Automobile Receivables Trust, Ser 2022-5A, Cl D
7.400%, 02/15/29		3,430,000		3,486,037
Exeter Automobile Receivables Trust, Ser 2022-6A, Cl D
8.030%, 04/06/29		3,950,000		4,074,370
Exeter Automobile Receivables Trust, Ser 2023-1A, Cl D
6.690%, 06/15/29		1,680,000		1,691,423
Flagship Credit Auto Trust 2023- 3, Ser 2023-3, Cl D
6.580%, 08/15/29 (B)		674,000		670,367
Flagship Credit Auto Trust, Ser 2022-1, Cl D
3.640%, 03/15/28 (B)		1,000,000		929,943
Flagship Credit Auto Trust, Ser 2022-2, Cl D
5.800%, 04/17/28 (B)		740,000		692,443
GLS Auto Receivables Issuer Trust 2023-2, Ser 2023-2A, Cl D
6.310%, 03/15/29 (B)		430,000		428,634
GLS Auto Receivables Issuer Trust, Ser 2020-2A, Cl D
7.480%, 04/15/27 (B)		2,000,000		2,015,405
GLS Auto Receivables Issuer Trust, Ser 2021-1A, Cl E
3.140%, 01/18/28 (B)		2,000,000		1,918,836
GLS Auto Receivables Issuer Trust, Ser 2021-2A, Cl D
1.420%, 04/15/27 (B)		1,700,000		1,627,436
GLS Auto Receivables Issuer Trust, Ser 2022-1A, Cl D
3.970%, 01/18/28 (B)		4,080,000		3,935,639
GLS Auto Receivables Issuer Trust, Ser 2022-2A, Cl D
6.150%, 04/17/28 (B)		1,000,000		993,903
GLS Auto Receivables Issuer Trust, Ser 2022-3A, Cl D
6.420%, 06/15/28 (B)		500,000		498,764
Hertz Vehicle Financing, Ser 2021-1A, Cl B
1.560%, 12/26/25 (B)		1,500,000		1,469,464

The accompanying notes are an integral part of the financial statements.

CATHOLIC RESPONSIBLE INVESTMENTS OPPORTUNISTIC BOND FUND

APRIL 30, 2024 (Unaudited)


ASSET-BACKED SECURITIES — continued

	Face Amount		Value
Santander Drive Auto Receivables Trust 2023-S1, Ser 2023-S1, Cl R1
8.140%, 04/18/28 (B)	$	950,093	$	954,097
Santander Drive Auto Receivables Trust, Ser 2021- 1, Cl D
1.130%, 11/16/26		469,830		460,694
Santander Drive Auto Receivables Trust, Ser 2022- 4, Cl C
5.000%, 11/15/29		2,500,000		2,453,215
Santander Drive Auto Receivables Trust, Ser 2022- 7, Cl C
6.690%, 03/17/31		930,000		942,597
Tesla Auto Lease Trust 2024-A, Ser 2024-A, Cl A3
5.300%, 06/21/27 (B)		1,170,000		1,162,601
Tesla Auto Lease Trust, Ser 2023-A, Cl A2
5.860%, 08/20/25 (B)		798,270		799,010
Tesla Auto Lease Trust, Ser 2023-A, Cl A3
5.890%, 06/22/26 (B)		1,000,000		1,001,546
Tesla Electric Vehicle Trust, Ser 2023-1, Cl A3
5.380%, 06/20/28 (B)		600,000		597,915
Westlake Automobile Receivables Trust 2021-1, Ser 2021-1A, Cl E
2.330%, 08/17/26 (B)		1,716,000		1,655,757
Westlake Automobile Receivables Trust, Ser 2022- 2A, Cl D
5.480%, 09/15/27 (B)		1,255,000		1,239,705

				74,841,498

Other Asset-Backed Securities — 7.1%
American Credit Acceptance Receivables Trust 2024-1, Ser 2024-1, Cl D
5.860%, 05/13/30 (B)		1,630,000		1,604,386
BBCMS 2018-CHRS Mortgage Trust, Ser CHRS, Cl D
4.409%, 08/05/38 (A)(B)		1,500,000		1,264,219
BBCMS Mortgage Trust 2024- 5C25, Ser 5C25, Cl C
6.643%, 03/15/57 (A)		925,000		912,692
BMO 2023-C7 Mortgage Trust, Ser C7, Cl C
7.360%, 12/15/56 (A)		750,000		782,276
Cajun Global, Ser 2021-1, Cl A2
3.931%, 11/20/51 (B)		1,455,000		1,309,910


ASSET-BACKED SECURITIES — continued

	Face Amount		Value
Cantor Commercial Real Estate Lending 2019-CF2, Ser CF2, Cl E
2.500%, 11/15/52 (B)	$	2,000,000	$	1,326,773
CLI Funding VI, Ser 2020-1A, Cl A
2.080%, 09/18/45 (B)		1,269,806		1,128,619
Commonbond Student Loan Trust, Ser 2021-AGS, Cl B
1.400%, 03/25/52 (B)		493,393		368,592
Frontier Issuer, Ser 2023-1, Cl A2
6.600%, 08/20/53 (B)		1,000,000		998,556
Frontier Issuer, Ser 2023-1, Cl C
11.500%, 08/20/53 (B)		1,000,000		1,002,230
GoodLeap Sustainable Home Solutions Trust, Ser 2022-3CS, Cl B
5.500%, 07/20/49 (B)		500,000		414,411
GoodLeap Sustainable Home Solutions Trust, Ser 2022-4CS, Cl B
5.550%, 11/20/54 (B)		500,000		428,891
Guggenheim MM CLO, Ser 2021-3A, Cl A
7.136%, TSFR3M + 1.812%,
01/21/34 (A)(B)		2,000,000		1,983,834
Hardee’s Funding, Ser 2021-1A, Cl A2
2.865%, 06/20/51 (B)		1,337,188		1,119,575
Home Equity Loan Trust, Ser 2006-HSA2, Cl AI3
4.623%, 03/25/36 (A)		40,889		1,354
Jersey Mike’s Funding, Ser 2019-1A, Cl A2
4.433%, 02/15/50 (B)		1,637,625		1,551,453
Katayma CLO I, Ser 2023-1A, Cl A1
7.325%, TSFR3M + 2.000%,
10/20/36 (A)(B)		2,490,000		2,496,987
Mosaic Solar Loan Trust, Ser 2022-1A, Cl B
3.160%, 01/20/53 (B)		1,156,746		914,804
Mosaic Solar Loan Trust, Ser 2023-2A, Cl C
8.180%, 09/22/53 (B)		1,000,000		937,143
NJ Trust 2023-GSP, Ser GSP, Cl A
6.697%, 01/06/29 (A)(B)		1,500,000		1,528,750
Octagon Investment Partners 26, Ser 2018-1A, Cl CR
7.390%, TSFR3M + 2.062%,
07/15/30 (A)(B)		1,000,000		986,070

The accompanying notes are an integral part of the financial statements.

CATHOLIC RESPONSIBLE INVESTMENTS OPPORTUNISTIC BOND FUND

APRIL 30, 2024 (Unaudited)


ASSET-BACKED SECURITIES — continued

	Face Amount		Value
Octane Receivables Trust 2023- 1, Ser 2023-1A, Cl D
7.760%, 03/20/30 (B)	$	1,080,000	$	1,109,347
Octane Receivables Trust 2023- 2, Ser 2023-2A, Cl D
7.380%, 06/20/31 (B)		3,779,000		3,871,454
Octane Receivables Trust 2023- 3, Ser 2023-3A, Cl D
7.580%, 09/20/29 (B)		1,000,000		1,026,342
Octane Receivables Trust 2024- 1, Ser 2024-1A, Cl D
6.430%, 10/21/30 (B)		1,295,000		1,278,567
Octane Receivables Trust, Ser 2021-2A, Cl A
1.210%, 09/20/28 (B)		187,275		183,395
Oportun Issuance Trust, Ser 2022-3, Cl A
7.451%, 01/08/30 (B)		33,719		33,729
Pagaya AI Debt Trust 2024-3, Ser 2024-3, Cl C
7.297%, 10/15/31 (B)		2,120,000		2,118,626
ServiceMaster Funding, Ser 2020-1, Cl A2I
2.841%, 01/30/51 (B)		945,460		825,523
SERVPRO Master Issuer, Ser 2019-1A, Cl A2
3.882%, 10/25/49 (B)		1,719,000		1,617,021
Sunnova Helios XI Issuer, Ser 2023-A, Cl A
5.300%, 05/20/50 (B)		950,475		915,530
Sunnova Helios XII Issuer, Ser 2023-B, Cl A
5.300%, 08/22/50 (B)		960,527		922,255
UBS Commercial Mortgage Trust 2017-C3, Ser C3, Cl C
4.531%, 08/15/50 (A)		1,500,000		1,352,572
Vivint Solar Financing V, Ser 2018-1A, Cl B
7.370%, 04/30/48 (B)		253,246		235,217
Wells Fargo Commercial Mortgage Trust 2016-C35, Ser C35, Cl C
4.176%, 07/15/48 (A)		1,500,000		1,386,930
Westgate Resorts 2023-1, Ser 2023-1A, Cl C
7.490%, 12/20/37 (B)		1,685,792		1,669,105

				41,607,138


Total Asset-Backed Securities

(Cost $117,385,675)				116,448,636


MUNICIPAL BONDS — 2.1%

	Face Amount		Value

Alaska — 0.1%
City of Port Lions Alaska, RB
7.000%, 10/01/32	$	465,000	$	469,298


California — 0.5%
California Community Choice Financing Authority, RB
6.125%, 04/01/30		1,420,000		1,414,080
5.950%, 08/01/29		825,000		819,642
City of Los Angeles Department of Airports Customer Facility Charge Revenue, RB
3.258%, 05/15/30		1,000,000		905,708

				3,139,430


District of Columbia — 0.1%
District of Columbia, RB
3.850%, 02/28/25		500,000		491,528


Florida — 0.2%
Florida Development Finance, RB
8.250%, 07/01/57 (A)(B)		1,000,000		1,001,864


Hawaii — 0.2%
State of Hawaii Department of Business Economic Development & Tourism, Ser A-2, RB
3.242%, 01/01/31		907,822		865,685


Illinois — 0.3%
Chicago Housing Authority, Ser B, RB
3.822%, 01/01/26		500,000		488,479
Village of Deerfield Illinois, Ser B, GO
4.000%, 12/01/28		1,250,000		1,207,995

				1,696,474


Indiana — 0.0%
City of Fort Wayne Indiana, RB
10.750%, 12/01/29		234,358		24


Montana — 0.0%
County of Gallatin Montana, RB
11.500%, 09/01/27 (B)		250,000		253,880


New Hampshire — 0.3%
New Hampshire Business Finance Authority, RB
5.580%, 02/01/29 (A)(B)		1,000,000		1,000,000
5.430%, 07/01/33 (A)(B)		850,000		850,000

				1,850,000

The accompanying notes are an integral part of the financial statements.

CATHOLIC RESPONSIBLE INVESTMENTS OPPORTUNISTIC BOND FUND

APRIL 30, 2024 (Unaudited)


MUNICIPAL BONDS — continued

	Face Amount		Value
New York — 0.2%
New York State Energy Research & Development Authority, Ser A, RB
4.621%, 04/01/27	$	820,000	$	791,237
4.480%, 04/01/25		500,000		493,082

				1,284,319


South Dakota — 0.0%
South Dakota Housing Development Authority, Ser E, RB
5.460%, 05/01/53		240,000		236,312


Virginia — 0.2%
Fairfax County Economic Development Authority, RB
5.589%, 10/01/24		1,000,000		1,000,506


Total Municipal Bonds

(Cost $12,654,937)				12,289,320


SOVEREIGN DEBT — 1.3%

CANADA — 0.3%
CDP Financial MTN
1.000%, 05/26/26(B)	$	1,000,000	$	918,183
Hydro-Quebec
8.050%, 07/07/24		1,000,000		1,003,981


				1,922,164


FRANCE — 0.3%
Caisse d’Amortissement de la Dette Sociale
3.000%, 05/17/25(B)		1,000,000		974,491
0.375%, 05/27/24(B)		1,000,000		996,463


				1,970,954


JAPAN — 0.2%
Japan Bank for International Cooperation
4.375%, 10/05/27		1,000,000		976,575


NETHERLANDS — 0.1%
Nederlandse Waterschapsbank
1.000%, 05/28/30(B)		1,000,000		794,954


SOVEREIGN DEBT — continued

	Face Amount		Value
SOUTH KOREA — 0.0%
Korea Electric Power
4.875%, 01/31/27(B)	$	250,000	$	246,083


SUPRANATIONAL — 0.2%
European Investment Bank MTN
2.875%, 06/13/25		1,000,000		973,151


UNITED STATES — 0.2%
Hashemite Kingdom of Jordan Government AID Bond
3.000%, 06/30/25		1,000,000		964,046


Total Sovereign Debt

(Cost $8,019,268)				7,847,927


BANK LOAN OBLIGATIONS — 0.6%

ECOLOGICAL SERVICES & EQUIPMENT — 0.6%
Terraform Power Operating Specified Refinancing Term Loan
7.842%, TSFR1M +
2.500%, 05/21/29(A)	$	2,267,588	$	2,259,787
Vistra Zero Operating Company Term Loan
8.079%, 03/20/31		1,000,000		1,002,880

				3,262,667


Total Bank Loan Obligations

(Cost $3,257,789)				3,262,667


U.S. GOVERNMENT AGENCY OBLIGATION — 0.0%
United States International Development Finance
1.790%, 10/15/29	$	260,964	$	235,290

Total U.S. Government Agency Obligation
(Cost $246,932)				235,290

The accompanying notes are an integral part of the financial statements.

CATHOLIC RESPONSIBLE INVESTMENTS OPPORTUNISTIC BOND FUND

APRIL 30, 2024 (Unaudited)


SHORT-TERM INVESTMENT — 0.0%

	Shares		Value
State Street Institutional US Government Money Market Fund, Premier Class, 5.300%, (F)
(Cost $101,750)		101,750	$	101,750


Total Short-Term Investment

(Cost $101,750)				101,750


Total Investments in Securities— 97.8%
(Cost $579,105,492)			$	570,232,286

Percentages are based on Net Assets of $582,960,434.

A list of the open futures contracts held by the Fund at April 30, 2024, is as follows:



Type of Contract	Number of Contracts			Notional Amount		Value		Unrealized Depreciation
Long Contracts
U.S. 5-Year Treasury Note		839	Jun-2024	$	89,643,063	$	87,878,695	$	(1,764,368)

‡	Real Estate Investment Trust.

(A)

(B)

(C)	Step coupon security. Coupon rate will either increase (step-up bond) or decrease (step-down bond) at regular intervals until maturity. Interest rate shown reflects the rate currently in effect.

(D)	Interest rate represents the security’s effective yield at the time of purchase.

(E)	This security or a partial position of this security is on loan at April 30, 2024. The total market value of securities on loan at April 30, 2024 was $99,584.

(F)	This security was purchased with cash collateral received from securities lending. The total was of such securities as of April 30, 2024, was $101,750.

Cl — Class

CLO — Collateralized Loan Obligation

DAC — Designated Activity Company

FHLMC — Federal Home Loan Mortgage Corporation

FNMA — Federal National Mortgage Association

GNMA — Government National Mortgage Association

GO — General Obligation

H15T1Y — US Treasury Yield Curve Rate T Note Constant Maturity

Year

H15T5Y — US Treasury Yield Curve Rate T Note Constant Maturity

Year

ICE — Intercontinental Exchange

MTN — Medium Term Note

RB — Revenue Bond

REMIC — Real Estate Mortgage Investment Conduit

Ser — Series

SOFRRATE — Secured Overnight Financing Rate

SOFRINDX — Secured Overnight Financing Rate Index

TSFR1M — Term Secured Overnight Financing Rate 1 Month

TSFR3M — Term Secured Overnight Financing Rate 3 Month

USBMMY3M — U.S. Treasury Bill Money Market Yield 3 Month

The accompanying notes are an integral part of the financial statements.

CATHOLIC RESPONSIBLE INVESTMENTS OPPORTUNISTIC BOND FUND

APRIL 30, 2024 (Unaudited)

The following is a summary of the inputs used as of April 30, 2024, in valuing the Fund’s investments and other financial instruments carried at market value:


Investments in Securities	Level 1		Level 2		Level 3		Total
U.S. Treasury Obligations	$	—	$	168,018,822	$	—	$	168,018,822
Mortgage- Backed Securities		—		140,221,985		—		140,221,985
Corporate Obligations		—		121,805,889		—		121,805,889
Asset-Backed Securities		—		116,448,636		—		116,448,636
Municipal Bonds		—		12,289,320		—		12,289,320
Sovereign Debt		—		7,847,927		—		7,847,927
Bank Loan Obligations		—		3,262,667		—		3,262,667
U.S. Government Agency Obligation		—		235,290		—		235,290
Short-Term Investment		101,750		—		—		101,750


Total Investments in Securities	$	101,750	$	570,130,536	$	—	$	570,232,286


Other Financial Instruments	Level 1		Level 2		Level 3		Total
Futures Contracts*
Unrealized Depreciation	$	(1,764,368)	$	—	$	—	$	(1,764,368)


Total Other Financial Instruments	$	(1,764,368)	$	—	$	—	$	(1,764,368)

* Futures contracts are valued at the unrealized appreciation (depreciation) on the instrument.

Amounts designated as “–” are $0 or have been round to $0.

For more information on valuation inputs, see Note 2 — Significant Accounting Policies in the Notes to Financial Statements.

The accompanying notes are an integral part of the financial statements.

CATHOLIC RESPONSIBLE INVESTMENTS EQUITY INDEX FUND

APRIL 30, 2024 (Unaudited)


SECTOR WEIGHTINGS ^†

LOGO

† Percentages are based on total investments. Total investments do not include derivatives such as options, futures contracts, forward contracts, and swap contracts, if applicable.


SCHEDULE OF INVESTMENTS
COMMON STOCK — 99.6%

	Shares		Value
COMMUNICATION SERVICES — 9.6%
Alphabet, Cl A *		499,489	$	81,306,819
Alphabet, Cl C *		418,185		68,849,978
AT&T		797,121		13,463,374
Charter Communications, Cl A *		8,370		2,142,218
Comcast, Cl A		335,805		12,797,529
Electronic Arts		20,621		2,615,155
Fox, Cl A		20,286		629,069
Fox, Cl B		11,142		319,553
Interpublic Group of		32,479		988,661
Match Group *		23,004		708,983
Meta Platforms, Cl A		186,475		80,215,951
Netflix *		36,681		20,198,026
News, Cl A		32,232		767,122
News, Cl B		9,737		238,946
Omnicom Group		16,790		1,558,783
Paramount Global, Cl B		40,880		465,623
Take-Two Interactive Software *		13,440		1,919,366
T-Mobile US		92,300		15,152,891
Verizon Communications		470,865		18,594,459
Walt Disney		155,475		17,273,272
Warner Bros Discovery *		188,127		1,384,615
				341,590,393
CONSUMER DISCRETIONARY — 10.1%
Airbnb, Cl A *		36,918		5,854,087
Amazon.com *		774,779		135,586,325
Aptiv *		23,637		1,678,227
AutoZone *		1,466		4,334,082
Bath & Body Works		19,127		868,748
Best Buy		16,295		1,199,964
Booking Holdings		2,957		10,207,653
BorgWarner		19,442		637,114
CarMax *		13,361		908,147
Carnival *		85,422		1,265,954


COMMON STOCK — continued

	Shares		Value
CONSUMER DISCRETIONARY — continued
Chipotle Mexican Grill, Cl A *		2,324	$	7,342,910
Darden Restaurants		10,121		1,552,663
Deckers Outdoor *		2,176		1,780,991
Domino’s Pizza		2,957		1,565,051
DR Horton		25,312		3,606,707
eBay		43,975		2,266,472
Etsy *		10,107		694,048
Expedia Group *		11,084		1,492,239
Ford Motor		330,817		4,019,427
Garmin		12,974		1,874,354
General Motors		97,816		4,355,747
Genuine Parts		11,883		1,868,126
Hasbro		11,085		679,510
Hilton Worldwide Holdings		21,373		4,216,465
Home Depot		84,358		28,194,131
Lennar, Cl A		20,949		3,176,287
LKQ		22,720		979,914
Lowe’s		48,746		11,113,601
Lululemon Athletica *		9,733		3,509,720
Marriott International, Cl A		20,910		4,937,478
McDonald’s		61,480		16,786,499
Mohawk Industries *		4,480		516,634
NIKE, Cl B		103,135		9,515,235
Norwegian Cruise Line Holdings *		36,071		682,463
NVR *		271		2,015,928
O’Reilly Automotive *		5,007		5,073,393
Pool		3,278		1,188,373
PulteGroup		17,979		2,003,220
Ralph Lauren, Cl A		3,309		541,485
Ross Stores		28,536		3,696,839
Starbucks		95,985		8,493,713
Tapestry		19,410		774,847
Tesla *		234,849		43,043,125
TJX		96,598		9,088,906
Tractor Supply		9,164		2,502,505
Ulta Beauty *		4,116		1,666,321
Yum! Brands		23,818		3,364,293
				362,719,921
CONSUMER STAPLES — 7.1%
Archer-Daniels-Midland		45,249		2,654,306
Brown-Forman, Cl B		15,373		735,598
Bunge Global		12,315		1,253,174
Campbell Soup		16,687		762,763
Clorox		16,435		2,430,244
Coca-Cola		608,538		37,589,392
Colgate-Palmolive		155,560		14,299,075
Conagra Brands		40,510		1,246,898
Constellation Brands, Cl A		24,126		6,114,976
Costco Wholesale		51,246		37,045,733
Dollar General		18,605		2,589,630

The accompanying notes are an integral part of the financial statements.

CATHOLIC RESPONSIBLE INVESTMENTS EQUITY INDEX FUND

APRIL 30, 2024 (Unaudited)


COMMON STOCK — continued

	Shares		Value
CONSUMER STAPLES — continued
Dollar Tree *		17,543	$	2,074,460
Estee Lauder, Cl A		19,743		2,896,496
General Mills		64,860		4,570,036
Hershey		15,204		2,948,360
Hormel Foods		24,517		871,825
J M Smucker		8,997		1,033,305
Kellanova		23,694		1,370,935
Kenvue		279,481		5,259,832
Keurig Dr Pepper		108,490		3,656,113
Kimberly-Clark		57,659		7,872,183
Kraft Heinz		67,556		2,608,337
Kroger		81,342		4,504,720
Lamb Weston Holdings		12,286		1,023,915
McCormick		21,361		1,624,718
Molson Coors Beverage, Cl B		15,728		900,585
Mondelez International, Cl A		180,328		12,972,796
Monster Beverage *		115,408		6,168,558
PepsiCo		197,129		34,676,962
Sysco		45,118		3,353,170
Target		39,130		6,299,147
Tyson Foods, Cl A		24,277		1,472,400
Walgreens Boots Alliance		60,637		1,075,094
Walmart		618,434		36,704,058

				252,659,794

ENERGY — 4.2%
APA		30,652		963,699
Baker Hughes, Cl A		84,831		2,767,187
Chevron		148,091		23,882,636
ConocoPhillips		99,856		12,543,911
Coterra Energy		63,739		1,743,899
Devon Energy		54,280		2,778,050
Diamondback Energy		15,171		3,051,343
EOG Resources		49,428		6,530,922
Equities		34,900		1,399,141
Exxon Mobil		377,802		44,682,642
Halliburton		75,413		2,825,725
Hess		23,331		3,674,399
Kinder Morgan		163,914		2,996,348
Marathon Oil		49,641		1,332,861
Marathon Petroleum		31,192		5,668,210
Occidental Petroleum		55,787		3,689,752
ONEOK		49,396		3,908,211
Phillips 66		36,447		5,219,575
Pioneer Natural Resources		19,802		5,333,075
Schlumberger		120,942		5,742,326
Targa Resources		18,899		2,155,620
Valero Energy		28,857		4,613,369
Williams		103,147		3,956,719

				151,459,620

FINANCIALS — 13.3%
Aflac		44,644		3,734,471


COMMON STOCK — continued

	Shares		Value
FINANCIALS — continued
Allstate		22,249	$	3,783,665
American Express		48,470		11,343,434
American International Group		59,526		4,482,903
Ameriprise Financial		8,493		3,497,332
Aon, Cl A		16,970		4,785,710
Arch Capital Group *		31,400		2,937,156
Arthur J Gallagher		18,376		4,312,663
Assurant		4,402		767,709
Bank of America		583,569		21,597,889
Bank of New York Mellon		64,395		3,637,674
Berkshire Hathaway, Cl B *		163,056		64,689,207
BlackRock, Cl A		11,853		8,944,748
Blackstone		60,973		7,110,061
Brown & Brown		20,000		1,630,800
Capital One Financial		32,243		4,624,614
Cboe Global Markets		8,947		1,620,749
Charles Schwab		126,149		9,328,719
Chubb		34,351		8,541,033
Cincinnati Financial		13,307		1,539,487
Citigroup		161,281		9,891,364
Citizens Financial Group		39,549		1,349,016
CME Group, Cl A		30,513		6,396,745
Comerica		11,157		559,747
Corpay *		6,120		1,849,097
Discover Financial Services		21,195		2,686,042
Everest Group		3,679		1,348,022
Eversource Energy		29,569		1,792,473
FactSet Research Systems		3,228		1,345,721
Fidelity National Information Services		50,227		3,411,418
Fifth Third Bancorp		57,726		2,104,690
Fiserv *		50,872		7,766,628
Franklin Resources		25,460		581,506
Global Payments		22,071		2,709,657
Globe Life		7,260		552,994
Goldman Sachs Group		27,641		11,794,691
Hartford Financial Services Group		25,258		2,447,248
Huntington Bancshares		122,751		1,653,456
Intercontinental Exchange		48,535		6,249,367
Invesco		38,086		539,679
Jack Henry & Associates		6,176		1,004,773
JPMorgan Chase		245,041		46,984,161
KeyCorp		79,367		1,150,028
Loews		15,443		1,160,541
M&T Bank		14,083		2,033,444
MarketAxess Holdings		3,213		642,889
Marsh & McLennan		41,702		8,316,630
Mastercard, Cl A		69,929		31,551,965
MetLife		52,029		3,698,221
Moody’s		13,340		4,940,202
Morgan Stanley		106,215		9,648,571

The accompanying notes are an integral part of the financial statements.

CATHOLIC RESPONSIBLE INVESTMENTS EQUITY INDEX FUND

APRIL 30, 2024 (Unaudited)


COMMON STOCK — continued

	Shares		Value
FINANCIALS — continued
MSCI, Cl A		6,704	$	3,122,656
Nasdaq		32,217		1,928,187
Northern Trust		17,436		1,436,552
PayPal Holdings *		90,799		6,167,068
PNC Financial Services Group		33,737		5,170,533
Principal Financial Group		18,639		1,475,090
Progressive		49,610		10,331,282
Prudential Financial		30,598		3,380,467
Raymond James Financial		15,945		1,945,290
Regions Financial		78,280		1,508,456
S&P Global		27,233		11,324,298
State Street		25,576		1,854,004
Synchrony Financial		34,461		1,515,595
T Rowe Price Group		18,978		2,079,419
Travelers		19,342		4,103,599
Truist Financial		113,034		4,244,427
US Bancorp		131,938		5,360,641
Visa, Cl A		134,854		36,223,133
W R Berkley		17,145		1,319,651
Wells Fargo		305,035		18,094,676
Willis Towers Watson		8,691		2,182,658

				475,838,692

HEALTH CARE — 9.8%
Align Technology *		6,037		1,704,728
Baxter International		77,000		3,108,490
Boston Scientific *		340,645		24,482,156
Cardinal Health		60,470		6,230,829
Cencora, Cl A		49,661		11,871,462
Centene *		122,700		8,964,462
Cigna Group		48,350		17,262,884
CVS Health		247,439		16,754,094
DaVita *		15,149		2,105,862
Dexcom *		32,676		4,162,596
Edwards Lifesciences *		116,334		9,850,000
Elevance Health		51,962		27,466,074
GE HealthCare Technologies		82,900		6,320,296
Henry Schein *		34,330		2,378,382
Hologic *		84,581		6,408,702
Humana		26,695		8,064,292
IDEXX Laboratories *		9,364		4,614,205
Insulet *		5,919		1,017,713
Intuitive Surgical *		38,127		14,130,629
IQVIA Holdings *		98,009		22,715,546
McKesson		33,300		17,889,093
Medtronic		233,690		18,751,286
Mettler-Toledo International *		16,931		20,820,051
Molina Healthcare *		17,612		6,025,065
Quest Diagnostics		42,177		5,828,018
ResMed		18,720		4,005,893
Solventum *		11,758		764,404
STERIS		26,024		5,323,469


COMMON STOCK — continued

	Shares		Value
HEALTH CARE — continued
Stryker		65,586	$	22,069,689
Teleflex		5,901		1,231,834
West Pharmaceutical Services		46,503		16,623,892
Zimmer Biomet Holdings		52,767		6,346,815
Zoetis, Cl A		158,787		25,285,242

				350,578,153

INDUSTRIALS — 8.1%
3M		46,833		4,519,853
A O Smith		10,456		866,175
Allegion		7,441		904,528
American Airlines Group *		55,476		749,481
AMETEK		28,464		4,971,522
Automatic Data Processing		41,008		9,919,425
Axon Enterprise *		5,970		1,872,550
Broadridge Financial Solutions		9,982		1,930,619
Builders FirstSource *		10,455		1,911,383
Carrier Global		70,786		4,352,631
Caterpillar		44,684		14,949,926
CH Robinson Worldwide		9,872		700,912
Cintas		9,619		6,332,572
Copart *		74,092		4,023,937
CSX		167,482		5,563,752
Cummins		11,551		3,263,042
Dayforce *		13,270		814,380
Deere		25,178		9,854,921
Dover		11,858		2,126,139
Eaton		54,621		17,383,679
Emerson Electric		48,457		5,222,695
Equifax		10,451		2,301,206
Expeditors International of Washington		12,323		1,371,673
Fastenal		108,629		7,380,254
FedEx		19,486		5,101,045
Fortive		29,750		2,239,282
GE Vernova *		23,063		3,544,975
Generac Holdings *		5,207		707,944
General Electric		98,167		15,885,384
Howmet Aerospace		33,109		2,210,026
Hubbell, Cl B		4,545		1,684,013
IDEX		6,410		1,413,149
Illinois Tool Works		31,587		7,710,703
Ingersoll Rand		34,343		3,204,889
JB Hunt Transport Services		6,912		1,123,684
Johnson Controls International		57,724		3,756,101
Masco		18,591		1,272,554
Nordson		4,599		1,187,416
Norfolk Southern		19,146		4,409,707
Old Dominion Freight Line		15,168		2,756,177
Otis Worldwide		44,432		4,052,198
PACCAR		80,254		8,515,752
Parker-Hannifin		12,975		7,070,207

The accompanying notes are an integral part of the financial statements.

CATHOLIC RESPONSIBLE INVESTMENTS EQUITY INDEX FUND

APRIL 30, 2024 (Unaudited)


COMMON STOCK — continued

	Shares		Value

INDUSTRIALS — continued
Paychex		27,144	$	3,224,979
Paycom Software		4,073		765,643
Pentair		13,988		1,106,311
Quanta Services		12,314		3,183,908
Republic Services, Cl A		29,629		5,679,879
Robert Half		8,819		609,746
Rockwell Automation		9,713		2,631,834
Rollins		23,770		1,059,191
Snap-on		4,474		1,198,853
Southwest Airlines		50,571		1,311,812
Stanley Black & Decker		12,971		1,185,549
Trane Technologies		28,959		9,189,849
TransDigm Group		5,456		6,809,252
Uber Technologies *		174,400		11,557,488
Union Pacific		51,685		12,257,615
United Airlines Holdings *		27,838		1,432,543
United Parcel Service, Cl B		61,303		9,040,966
United Rentals		5,695		3,804,203
Veralto		18,600		1,742,448
Verisk Analytics, Cl A		12,289		2,678,510
Waste Management		44,933		9,346,963
Westinghouse Air Brake Technologies		15,185		2,446,000
WW Grainger		4,340		3,998,659
Xylem		20,434		2,670,724

				290,065,386

INFORMATION TECHNOLOGY — 30.1%
Accenture, Cl A		53,144		15,991,561
Adobe *		38,311		17,731,480
Advanced Micro Devices *		136,954		21,690,774
Akamai Technologies *		12,785		1,290,390
Amphenol, Cl A		50,844		6,140,430
Analog Devices		42,027		8,431,036
ANSYS *		7,367		2,393,391
Apple		1,235,542		210,449,869
Applied Materials		70,525		14,009,791
Arista Networks *		21,359		5,479,865
Autodesk *		18,131		3,859,183
Broadcom		44,100		57,341,907
Cadence Design Systems *		23,060		6,356,028
CDW		11,354		2,746,078
Cisco Systems		344,450		16,182,261
Cognizant Technology Solutions, Cl A		42,201		2,771,762
Enphase Energy *		11,507		1,251,501
EPAM Systems *		4,891		1,150,657
F5 *		4,984		823,905
Fair Isaac *		2,106		2,386,793
First Solar *		9,056		1,596,573
Fortinet *		54,015		3,412,668
Gartner *		6,607		2,725,982


COMMON STOCK — continued

	Shares		Value
INFORMATION TECHNOLOGY — continued
Gen Digital		47,548	$	957,617
Hewlett Packard Enterprise		110,219		1,873,723
HP		73,923		2,076,497
Intel		358,366		10,919,412
International Business Machines		77,556		12,889,807
Intuit		23,727		14,844,086
Jabil		10,811		1,268,779
Juniper Networks		27,299		950,551
Keysight Technologies *		14,805		2,190,252
KLA		11,578		7,980,600
Lam Research		11,112		9,938,684
Microchip Technology		45,828		4,215,259
Micron Technology		93,567		10,569,328
Microsoft		678,744		264,255,402
Monolithic Power Systems		4,071		2,724,842
Motorola Solutions		14,067		4,770,823
NetApp		17,463		1,784,893
NVIDIA		209,356		180,887,771
NXP Semiconductors		21,848		5,597,239
ON Semiconductor *		36,200		2,539,792
Oracle		135,139		15,372,061
Palo Alto Networks *		26,725		7,774,035
PTC *		10,133		1,798,000
Qorvo *		8,183		956,102
QUALCOMM		101,131		16,772,576
Roper Technologies		9,054		4,630,759
Salesforce		82,047		22,065,720
Seagate Technology Holdings		16,513		1,418,632
ServiceNow *		17,376		12,047,302
Skyworks Solutions		13,581		1,447,599
Super Micro Computer *		4,268		3,665,358
Synopsys *		12,928		6,859,468
TE Connectivity		26,174		3,703,098
Teledyne Technologies *		3,999		1,525,539
Teradyne		12,958		1,507,275
Texas Instruments		89,781		15,839,164
Trimble *		21,100		1,267,477
Tyler Technologies *		3,570		1,647,733
VeriSign *		7,470		1,266,016
Western Digital *		27,447		1,944,071
Zebra Technologies, Cl A *		4,353		1,369,280

				1,074,326,507


MATERIALS — 2.6%
Air Products and Chemicals		18,842		4,453,118
Albemarle		9,947		1,196,724
Amcor		122,535		1,095,463
Avery Dennison		6,826		1,483,153
Ball		26,768		1,862,250
Celanese, Cl A		8,488		1,303,842
CF Industries Holdings		16,204		1,279,630

The accompanying notes are an integral part of the financial statements.

CATHOLIC RESPONSIBLE INVESTMENTS EQUITY INDEX FUND

APRIL 30, 2024 (Unaudited)


COMMON STOCK — continued

	Shares		Value

MATERIALS — continued
Corteva		59,439	$	3,217,433
Dow		59,528		3,387,143
DuPont de Nemours		36,465		2,643,713
Eastman Chemical		9,942		938,922
Ecolab		26,141		5,911,787
FMC		10,526		621,139
Freeport-McMoRan		121,551		6,070,257
International Flavors & Fragrances		21,644		1,832,165
International Paper		29,330		1,024,790
Linde		57,847		25,508,213
LyondellBasell Industries, Cl A		21,695		2,168,849
Martin Marietta Materials		5,239		3,075,660
Mosaic		27,666		868,436
Newmont		97,701		3,970,569
Nucor		20,837		3,511,660
Packaging Corp of America		7,540		1,304,269
PPG Industries		19,986		2,578,194
Sherwin-Williams		20,374		6,104,254
Steel Dynamics		12,893		1,677,637
Vulcan Materials		11,262		2,901,429
Westrock		21,741		1,042,698

				93,033,397


REAL ESTATE — 2.2%
Alexandria Real Estate Equities ‡		13,347		1,546,517
American Tower ‡		52,817		9,061,285
AvalonBay Communities ‡		12,023		2,279,200
Boston Properties ‡		12,272		759,514
Camden Property Trust ‡		9,050		902,104
CBRE Group, Cl A *		25,168		2,186,848
CoStar Group *		34,600		3,166,938
Crown Castle International ‡		36,759		3,447,259
Digital Realty Trust ‡		30,050		4,170,339
Equinix ‡		10,276		7,307,366
Equity Residential ‡		29,282		1,885,761
Essex Property Trust ‡		5,442		1,340,092
Extra Space Storage ‡		17,908		2,404,686
Federal Realty Investment Trust ‡		6,227		648,667
Host Hotels & Resorts ‡		59,791		1,128,256
Invitation Homes ‡		48,800		1,668,960
Iron Mountain ‡		24,760		1,919,395
Kimco Realty ‡		56,455		1,051,757
Mid-America Apartment Communities ‡		9,893		1,286,090
Prologis ‡		78,316		7,992,148
Public Storage ‡		15,322		3,975,293
Realty Income ‡		70,530		3,776,176
Regency Centers ‡		13,887		822,388
SBA Communications, Cl A ‡		9,145		1,702,067
Simon Property Group ‡		27,624		3,882,001


COMMON STOCK — continued

	Shares		Value

REAL ESTATE — continued
UDR ‡		25,683	$	978,009
Welltower ‡		46,912		4,469,775
Weyerhaeuser ‡		61,869		1,866,588

				77,625,479


UTILITIES — 2.5%
Alliant Energy		21,600		1,075,680
American Water Works		16,503		2,018,647
Atmos Energy		12,785		1,507,351
CenterPoint Energy		53,486		1,558,582
CMS Energy		24,937		1,511,432
Consolidated Edison		50,085		4,728,024
Constellation Energy		32,344		6,014,105
Dominion Energy		70,967		3,617,898
Edison International		32,487		2,308,526
Entergy		30,237		3,225,381
Exelon		130,613		4,908,437
FirstEnergy		55,057		2,110,885
NextEra Energy		248,588		16,647,938
NRG Energy		19,178		1,393,665
PG&E		180,800		3,093,488
Pinnacle West Capital		9,604		707,335
Public Service Enterprise Group		106,746		7,374,014
Sempra		111,214		7,966,259
Southern		219,543		16,136,410

				87,904,057

Total Common Stock
(Cost $1,835,549,185)				3,557,801,399


RIGHTS — 0.0%

	Number of Rights

Abiomed* (A)(B)		5,594	$	—


Total Rights
(Cost $–)				—

Total Investments in Securities— 99.6%
(Cost $1,835,549,185)				$3,557,801,399

Percentages are based on Net Assets of $3,571,572,625.

The accompanying notes are an integral part of the financial statements.

CATHOLIC RESPONSIBLE INVESTMENTS EQUITY INDEX FUND

APRIL 30, 2024 (Unaudited)

A list of the open futures contracts held by the Fund at April 30, 2024, is as follows:

Type of

Contract

Number of

Contracts

Notional

Amount

Value

Unrealized

Depreciation

Long Contracts

S&P 500

Index

E-MINI

Jun-2024

$13,338,230

$13,174,200

$(164,030)

*	Non-income producing security.

‡	Real Estate Investment Trust.

(A)	Level 3 security in accordance with fair value hierarchy.

(B)	Expiration date not available.

Cl — Class

The following is a summary of the inputs used as of April 30, 2024, in valuing the Fund’s investments and other financial instruments carried at market value:


Investments in Securities	Level 1		Level 2		Level 3^		Total
Common Stock	$	3,557,801,399	$	—	$	—	$	3,557,801,399
Rights		—		—		—#		—

Total Investments in Securities	$	3,557,801,399	$	—	$	—	$	3,557,801,399


Other Financial Instruments	Level 1		Level 2		Level 3		Total
Futures Contracts*
Unrealized Depreciation	$	(164,030)	$	—	$	—	$	(164,030)

Total Other Financial Instruments	$	(164,030)	$	—	$	—	$	(164,030)

^ A reconciliation of Level 3 investments, including certain disclosures related to significant inputs used in valuing Level 3 investments is only presented when the Fund has over 1% of Level 3 investments at the end of the period in relation to net assets.

# Security or securities with a market value of $0.

* Futures contracts are valued at the unrealized appreciation (depreciation) on the instrument.

Amounts designated as “–” are $0 or have been round to $0.

For more information on valuation inputs, see Note 2 — Significant Accounting Policies in the Notes to Financial Statements.

The accompanying notes are an integral part of the financial statements.

CATHOLIC RESPONSIBLE INVESTMENTS SMALL-CAP FUND

APRIL 30, 2024 (Unaudited)


SECTOR WEIGHTINGS ^†

LOGO

† Percentages are based on total investments. Total investments do not include derivatives such as options, futures contracts, forward contracts, and swap contracts, if applicable.



SCHEDULE OF INVESTMENTS
COMMON STOCK — 98.3%

	Shares		Value

COMMUNICATION SERVICES — 2.8%
AMC Networks, Cl A *		14,950	$	158,769
ATN International		5,450		103,986
Cable One		2,041		803,848
Cargurus, Cl A *		38,674		868,618
Cars.com *		27,827		464,989
Cinemark Holdings *		48,465		830,690
Cogent Communications Holdings		19,412		1,245,862
Consolidated Communications Holdings *		39,189		169,296
EchoStar, Cl A *		54,814		876,471
Gogo *		35,711		323,542
John Wiley & Sons, Cl A		18,714		703,085
Lumen Technologies *		478,842		569,822
Madison Square Garden Sports *		7,328		1,362,422
Marcus		10,840		141,354
QuinStreet *		24,013		434,395
Scholastic		11,668		415,614
Shenandoah Telecommunications		24,345		312,103
Shutterstock		10,990		469,383
TechTarget *		11,723		322,382
Telephone and Data Systems		45,412		710,698
Thryv Holdings *		13,580		312,476
TripAdvisor *		48,383		1,273,924
Yelp, Cl A *		30,049		1,209,172

				14,082,901


CONSUMER DISCRETIONARY — 14.3%
Abercrombie & Fitch, Cl A *		22,226		2,700,904
Academy Sports & Outdoors		32,687		1,905,652
Adtalem Global Education *		17,248		855,846
Advance Auto Parts		26,291		1,918,717


COMMON STOCK — continued

	Shares		Value

CONSUMER DISCRETIONARY — continued
American Axle & Manufacturing Holdings *		52,913	$	388,381
American Eagle Outfitters		82,024		1,989,902
Asbury Automotive Group *		9,030		1,898,467
BJ’s Restaurants *		10,939		356,502
Bloomin’ Brands		39,387		1,015,791
Boot Barn Holdings *		13,445		1,431,489
Brinker International *		20,205		1,082,988
Buckle		12,820		479,340
Caleres		14,646		539,412
Cavco Industries *		3,638		1,324,996
Century Communities		13,350		1,058,922
Cheesecake Factory		20,997		724,816
Chuy’s Holdings *		7,615		224,338
Cracker Barrel Old Country Store		10,304		599,590
Dana		57,178		710,723
Dave & Buster’s Entertainment *		14,748		787,543
Designer Brands, Cl A		20,659		191,922
Dine Brands Global		6,758		298,028
Dorman Products *		12,437		1,087,616
Ethan Allen Interiors		11,901		336,084
Foot Locker		36,839		768,093
Fox Factory Holding *		18,764		730,295
Frontdoor *		35,833		1,099,715
Gentherm *		14,392		727,803
G-III Apparel Group *		19,932		561,086
Green Brick Partners *		12,548		679,223
Group 1 Automotive		5,828		1,713,549
Guess?		11,996		321,253
Hanesbrands *		166,467		759,090
Haverty Furniture		5,843		179,964
Hibbett		5,351		461,470
Installed Building Products		10,639		2,507,931
Jack in the Box		9,105		519,622
Kohl’s		49,245		1,178,925
Kontoor Brands		23,644		1,467,347
La-Z-Boy, Cl Z		20,673		678,901
LCI Industries		11,114		1,155,634
Leslie’s *		84,341		331,460
LGI Homes *		9,821		883,203
M *		12,869		1,495,635
MarineMax *		8,861		218,601
Meritage Homes		16,685		2,765,372
Mister Car Wash *		45,991		307,680
Monro		13,107		357,166
Movado Group		8,281		210,917
National Vision Holdings *		35,186		612,940
ODP *		14,599		743,235
Oxford Industries		7,382		795,632
Papa John’s International		14,595		900,366

The accompanying notes are an integral part of the financial statements.

CATHOLIC RESPONSIBLE INVESTMENTS SMALL-CAP FUND

APRIL 30, 2024 (Unaudited)


COMMON STOCK — continued

	Shares		Value

CONSUMER DISCRETIONARY — continued
Patrick Industries		9,131	$	954,098
Perdoceo Education		28,827		527,534
Phinia		20,487		798,993
Sabre *		184,201		528,657
Sally Beauty Holdings *		47,258		512,749
Shake Shack, Cl A *		16,851		1,783,678
Shoe Carnival		7,893		263,942
Signet Jewelers		19,448		1,906,488
Six Flags Entertainment *		33,149		781,653
Sonic Automotive, Cl A		6,503		376,134
Sonos *		58,450		987,805
Standard Motor Products		8,198		263,156
Steven Madden		33,116		1,338,218
Strategic Education		9,560		1,097,870
Stride *		17,688		1,180,674
Topgolf Callaway Brands *		67,853		1,087,005
Tri Pointe Homes *		45,014		1,658,766
Upbound Group, Cl A		19,847		615,455
Urban Outfitters *		24,838		967,689
VF		151,029		1,881,821
Victoria’s Secret *		35,785		630,532
Winnebago Industries		12,831		790,133
Wolverine World Wide		40,569		435,711
Worthington Enterprises		14,759		843,624
XPEL *		9,527		500,644

				71,753,106


CONSUMER STAPLES — 3.4%
Andersons		14,918		819,595
B&G Foods		38,751		430,136
Calavo Growers		9,601		258,747
Cal-Maine Foods		19,153		1,059,735
Central Garden & Pet *		4,167		170,639
Central Garden & Pet, Cl A *		23,986		849,824
Chefs’ Warehouse *		17,707		585,748
Edgewell Personal Care		22,097		831,289
Energizer Holdings		30,286		869,814
Fresh Del Monte Produce		16,363		418,402
Hain Celestial Group *		45,128		277,086
Inter Parfums		8,213		955,829
J & J Snack Foods		7,369		1,011,690
John B Sanfilippo & Son		4,417		440,375
Medifast		5,605		154,306
MGP Ingredients		7,804		612,146
National Beverage *		12,486		555,627
Nu Skin Enterprises, Cl A		23,799		279,876
PriceSmart		11,960		963,856
Simply Good Foods *		42,610		1,553,134
SpartanNash		17,286		329,990
Tootsie Roll Industries		9,724		288,892
TreeHouse Foods *		23,902		897,520
United Natural Foods *		30,128		269,043


COMMON STOCK — continued

	Shares		Value

CONSUMER STAPLES — continued
USANA Health Sciences *		5,196	$	215,738
WD-40		6,016		1,360,398
WK Kellogg		32,303		753,952

				17,213,387


ENERGY — 4.9%
Archrock		66,403		1,274,274
Bristow Group *		13,104		344,766
California Resources		31,750		1,678,305
Comstock Resources		49,677		499,751
Core Laboratories		26,935		425,573
CVR Energy		17,395		528,460
Dorian LPG		17,313		715,373
Dril-Quip *		18,120		329,422
Green Plains *		32,330		668,261
Helix Energy Solutions Group * .		68,684		737,666
Helmerich & Payne		47,241		1,857,988
Liberty Energy, Cl A		74,677		1,642,894
Magnolia Oil & Gas, Cl A		90,042		2,257,353
Nabors Industries *		4,666		336,092
Northern Oil and Gas		45,006		1,835,795
Par Pacific Holdings *		29,169		898,405
Patterson-UTI Energy		151,685		1,641,229
ProPetro Holding *		48,849		425,963
REX American Resources *		8,161		451,548
RPC		51,014		341,284
SM Energy		54,322		2,634,074
Talos Energy *		68,661		904,952
US Silica Holdings *		44,092		680,340
Vital Energy *		13,175		698,538
World Kinect		30,060		706,410

				24,514,716


FINANCIALS — 17.8%
Ambac Financial Group *		19,834		286,601
American Equity Investment Life Holding		27,397		1,537,246
Ameris Bancorp		28,394		1,348,147
AMERISAFE		8,406		383,314
Apollo Commercial Real Estate Finance ‡		57,536		554,072
Arbor Realty Trust ‡,(A)		83,207		1,067,546
ARMOUR Residential REIT ‡,(A)		21,926		398,392
Artisan Partners Asset Management, Cl A		30,760		1,259,007
Assured Guaranty		23,854		1,829,602
Atlantic Union Bankshares		39,222		1,246,083
Axos Financial *		22,223		1,124,706
B Riley Financial (A)		8,815		303,236
Banc of California		60,823		832,667
BancFirst		6,359		567,032
Bancorp *		23,547		704,997
Bank of Hawaii		17,445		988,957

The accompanying notes are an integral part of the financial statements.

CATHOLIC RESPONSIBLE INVESTMENTS SMALL-CAP FUND

APRIL 30, 2024 (Unaudited)


COMMON STOCK — continued

	Shares		Value

FINANCIALS — continued
BankUnited		32,638	$	872,414
Banner		15,073		657,635
Berkshire Hills Bancorp		18,728		399,281
BGC Group, Cl A		171,280		1,341,122
Blackstone Mortgage Trust, Cl A ‡,(A)		75,611		1,333,778
Bread Financial Holdings		21,828		805,671
Brightsphere Investment Group		14,402		320,300
Brookline Bancorp		38,909		322,945
Capitol Federal Financial		54,761		261,210
Cathay General Bancorp		31,881		1,097,982
Central Pacific Financial		11,875		236,787
City Holding		6,495		656,125
Cohen & Steers		11,000		756,580
Community Bank System		23,402		1,011,434
Customers Bancorp *		12,418		567,130
CVB Financial		58,093		949,240
Dime Community Bancshares		15,334		279,079
Donnelley Financial Solutions * .		10,858		681,665
Eagle Bancorp		13,156		243,254
Ellington Financial ‡,(A)		34,708		397,060
Employers Holdings		11,288		480,756
Encore Capital Group *		10,623		436,499
Enova International *		12,938		783,137
EVERTEC		28,363		1,064,463
EZCORP, Cl A *		22,923		251,695
FB Financial		15,418		565,070
First BanCorp Puerto Rico		73,903		1,274,827
First Bancorp Southern Pines		18,041		548,627
First Commonwealth Financial .		44,675		589,263
First Financial Bancorp		41,752		923,137
First Hawaiian		56,004		1,181,124
Franklin BSP Realty Trust ‡		36,017		449,852
Fulton Financial		80,483		1,331,994
Genworth Financial, Cl A *		197,919		1,173,660
Goosehead Insurance, Cl A *		10,988		625,327
Green Dot, Cl A *		21,664		189,560
Hanmi Financial		13,214		202,174
Hannon Armstrong Sustainable Infrastructure Capital		50,326		1,258,653
HCI Group		2,992		341,626
Heritage Financial		15,318		271,741
Hilltop Holdings		20,300		593,978
Hope Bancorp		52,717		528,224
Horace Mann Educators		17,921		660,568
Independent Bank		18,815		945,266
Independent Bank Group		15,761		586,940
Jackson Financial, Cl A		31,370		2,143,198
KKR Real Estate Finance Trust ‡		25,605		240,943
Lakeland Financial		11,160		655,873
Lincoln National		75,044		2,046,450
Mercury General		11,664		609,561


COMMON STOCK — continued

	Shares		Value

FINANCIALS — continued
Moelis, Cl A		29,647	$	1,455,075
Mr Cooper Group *		28,349		2,188,543
National Bank Holdings, Cl A		16,582		542,729
Navient		36,020		541,020
NBT Bancorp		20,664		723,447
NCR Atleos *		30,970		617,232
New York Mortgage Trust ‡		39,795		272,596
NMI Holdings, Cl A *		35,582		1,098,061
Northfield Bancorp		17,122		142,797
Northwest Bancshares		55,781		591,279
OFG Bancorp		20,654		745,816
Pacific Premier Bancorp		42,085		904,827
Palomar Holdings *		11,091		872,529
Park National		6,295		829,114
Pathward Financial		11,187		563,489
Payoneer Global *		122,511		605,204
PennyMac Mortgage Investment Trust ‡		38,014		526,494
Piper Sandler		6,671		1,306,115
PJT Partners		9,787		924,774
PRA Group *		18,501		440,139
Preferred Bank		5,485		415,160
ProAssurance		22,566		301,482
PROG Holdings		20,705		688,234
Provident Financial Services		33,151		486,657
Radian Group		67,221		2,007,891
Ready Capital ‡		69,493		592,080
Redwood Trust ‡		58,763		324,959
Renasant		24,638		715,980
S&T Bancorp		16,778		505,857
Safety Insurance Group		6,492		516,568
Seacoast Banking Corp of Florida		37,007		853,751
ServisFirst Bancshares		21,500		1,267,640
Simmons First National, Cl A		54,936		938,856
SiriusPoint *		39,712		467,807
Southside Bancshares		12,657		337,436
Stellar Bancorp		20,581		456,896
Stewart Information Services		12,011		744,802
StoneX Group *		11,908		864,485
Tompkins Financial		5,475		240,791
Triumph Financial *		9,460		665,606
Trupanion *,(A)		17,113		385,043
TrustCo Bank NY		8,352		222,330
Trustmark		26,801		793,310
Two Harbors Investment ‡		45,292		572,032
United Community Banks		52,213		1,317,334
United Fire Group		9,304		205,525
Veritex Holdings		23,846		464,520
Virtus Investment Partners		2,964		650,064
WaFd		29,810		807,553
Walker & Dunlop		14,995		1,373,992

The accompanying notes are an integral part of the financial statements.

CATHOLIC RESPONSIBLE INVESTMENTS SMALL-CAP FUND

APRIL 30, 2024 (Unaudited)


COMMON STOCK — continued

	Shares		Value

FINANCIALS — continued
Westamerica BanCorp		11,704	$	544,821
WisdomTree		48,452		431,223
World Acceptance *		1,660		228,366
WSFS Financial		26,567		1,135,208

				88,992,022


HEALTH CARE — 9.7%
AdaptHealth, Cl A *		40,110		395,083
Addus HomeCare *		7,719		742,182
Agiliti *		20,965		212,795
Alkermes *		89,020		2,184,551
AMN Healthcare Services *		17,879		1,072,382
Arcus Biosciences *		30,067		457,920
Artivion *		19,566		383,885
Astrana Health *		20,114		747,235
Avanos Medical *		22,769		411,664
Catalyst Pharmaceuticals *		60,081		904,219
Certara *		51,008		872,747
Collegium Pharmaceutical *		20,687		763,971
CONMED		14,652		996,043
CorVel *		4,339		1,036,370
Cross Country Healthcare *		17,596		309,690
Cytek Biosciences *		59,542		357,847
Embecta		30,259		306,524
Enhabit *		25,770		260,019
Ensign Group		25,500		3,018,180
Fortrea Holdings *		45,545		1,666,492
Fulgent Genetics *		10,732		218,396
Glaukos *		22,146		2,126,016
Harmony Biosciences Holdings *		21,816		674,333
HealthStream		12,151		313,131
ICU Medical *		9,538		933,961
Inari Medical *		24,316		907,959
Innoviva *		44,960		679,346
Integer Holdings *		15,248		1,702,134
LeMaitre Vascular		9,555		619,164
Ligand Pharmaceuticals *		11,138		778,435
Merit Medical Systems *		26,573		1,969,059
Mesa Laboratories		3,679		390,268
Myriad Genetics *		45,965		899,535
National HealthCare		6,196		563,031
NeoGenomics *		59,476		827,906
OmniAB *		3,296		—
OmniAB *		3,296		—
Omnicell *		22,051		591,187
OraSure Technologies *		39,254		207,654
Owens & Minor *		35,376		875,202
Pacira BioSciences *		29,231		767,314
Patterson		39,226		999,086
Phibro Animal Health, Cl A		22,019		367,717
Premier, Cl A		55,832		1,165,772


COMMON STOCK — continued

	Shares		Value

HEALTH CARE — continued
Prestige Consumer Healthcare *		25,854	$	1,855,283
Privia Health Group *		48,999		901,582
RadNet *		30,128		1,461,208
Schrodinger *		26,191		638,537
Select Medical Holdings		49,481		1,403,776
Simulations Plus		8,478		384,477
STAAR Surgical *		23,083		1,060,895
Supernus Pharmaceuticals *		32,263		971,116
Tandem Diabetes Care *		30,231		1,109,175
UFP Technologies *		3,306		680,838
US Physical Therapy		7,216		732,496
Varex Imaging *		20,374		331,077
Vericel *		25,640		1,176,107

				48,382,972


INDUSTRIALS — 17.7%
AAON		30,841		2,901,830
AAR *		15,970		1,104,166
ABM Industries		27,936		1,220,803
Air Lease, Cl A		47,562		2,389,515
Alamo Group		4,955		963,153
Alaska Air Group *		55,428		2,384,513
Albany International, Cl A		14,778		1,178,545
Allegiant Travel		6,501		354,695
American Woodmark *		7,612		700,913
Apogee Enterprises		10,872		671,672
ArcBest		10,384		1,151,689
Arcosa		22,306		1,695,702
Armstrong World Industries		20,166		2,316,670
Astec Industries		11,455		478,819
AZZ		12,906		924,457
Barnes Group		24,240		841,613
Boise Cascade		17,882		2,365,252
Brady, Cl A		19,657		1,159,763
CoreCivic *		49,855		742,839
CSG Systems International		12,753		602,452
Deluxe		19,955		394,111
DNOW *		52,201		736,556
DXP Enterprises *		7,050		343,758
Dycom Industries *		13,615		1,906,372
Encore Wire		7,315		2,043,518
Enerpac Tool Group, Cl A		26,062		928,589
EnPro Industries		9,674		1,452,358
Enviri *		39,298		305,738
ESCO Technologies		12,192		1,236,878
Federal Signal		27,884		2,266,969
Forward Air		13,804		303,964
Franklin Electric		18,476		1,778,684
GEO Group *		55,067		818,296
Gibraltar Industries *		14,253		1,018,519
GMS *		18,577		1,718,744
Granite Construction		20,751		1,151,680

The accompanying notes are an integral part of the financial statements.

CATHOLIC RESPONSIBLE INVESTMENTS SMALL-CAP FUND

APRIL 30, 2024 (Unaudited)


COMMON STOCK — continued

	Shares		Value

INDUSTRIALS — continued
Greenbrier		14,814	$	731,663
Griffon		17,611		1,153,873
Hayward Holdings *		60,707		824,401
Healthcare Services Group *		34,819		369,778
Heartland Express		20,020		198,999
Heidrick & Struggles International		8,831		260,338
Hillenbrand		32,937		1,571,754
HNI		20,441		857,500
Hub Group, Cl A		27,377		1,101,103
Insteel Industries		9,800		314,580
Interface, Cl A		27,160		415,276
JetBlue Airways *		149,204		847,479
John Bean Technologies		15,041		1,340,003
Kelly Services, Cl A		14,071		322,789
Kennametal		38,759		911,999
Korn Ferry		23,420		1,422,062
Lindsay		5,483		636,850
Liquidity Services *		11,224		193,726
Marten Transport		25,335		428,668
Masterbrand *		58,809		980,346
Matson		15,331		1,652,375
Matthews International, Cl A		14,285		385,409
Mercury Systems *		25,116		708,271
MillerKnoll		33,514		852,261
Mueller Industries		52,073		2,906,715
MYR Group *		7,831		1,301,904
NV5 Global *		5,846		545,081
OPENLANE *		48,814		838,625
Pitney Bowes		76,372		325,345
Powell Industries		4,345		621,335
Proto Labs *		12,975		395,478
Quanex Building Products		16,104		534,975
Resideo Technologies *		68,263		1,333,176
Resources Connection		13,931		153,938
Rush Enterprises, Cl A		28,689		1,260,021
RXO *		51,356		971,142
SkyWest *		17,968		1,312,203
SPX Technologies *		20,832		2,537,546
Standex International		5,635		974,179
Sun Country Airlines Holdings *		18,184		242,029
SunPower, Cl A *,(A)		56,793		116,994
Sunrun *		100,896		1,038,220
Tennant		8,758		1,020,132
Titan International *		28,331		312,208
Trinity Industries		39,181		1,019,490
Triumph Group *		37,655		503,071
TTEC Holdings		11,206		81,580
UniFirst		6,650		1,064,864
Verra Mobility, Cl A *		74,332		1,752,749
Vestis		60,047		1,106,066
Viad *		10,029		345,800


COMMON STOCK — continued

	Shares		Value

INDUSTRIALS — continued
Vicor *		11,502	$	372,435
Wabash National		23,210		536,383

				88,558,982


INFORMATION TECHNOLOGY — 12.2%
A10 Networks		33,215		433,788
ACI Worldwide *		49,205		1,677,890
Adeia		51,145		503,267
ADTRAN Holdings		34,440		150,847
Advanced Energy Industries		16,378		1,569,668
Alarm.com Holdings *		22,376		1,488,004
Alpha & Omega Semiconductor *		10,890		238,164
Arlo Technologies *		43,270		535,683
Axcelis Technologies *		14,846		1,536,858
Badger Meter		12,879		2,355,827
Benchmark Electronics		15,659		473,058
BlackLine *		23,203		1,346,934
Box, Cl A *		64,526		1,678,967
Calix *		26,723		741,029
Cerence *		20,935		190,718
CEVA *		11,280		228,646
Cohu *		21,323		646,513
Corsair Gaming *		20,351		225,896
CTS		13,674		625,586
Digi International *		16,108		493,871
Diodes *		20,835		1,521,163
DoubleVerify Holdings, Cl Rights *		62,998		1,845,841
DXC Technology *		82,548		1,608,861
Envestnet *		22,752		1,412,217
ePlus *		11,693		898,958
Extreme Networks *		59,396		665,235
Fabrinet *		15,941		2,758,909
FormFactor *		34,637		1,544,464
Harmonic *		50,360		540,866
Ichor Holdings *		13,631		528,610
Insight Enterprises *		12,152		2,218,591
InterDigital		11,780		1,163,039
Itron *		19,964		1,839,084
Knowles *		39,098		618,921
Kulicke & Soffa Industries		25,396		1,175,327
LiveRamp Holdings *		29,952		961,759
MaxLinear, Cl A *		35,080		729,313
Methode Electronics		16,086		196,088
N-able *		32,738		401,368
NCR Voyix *		61,645		755,151
NetScout Systems *		31,173		600,392
OSI Systems *		6,882		904,570
PC Connection		4,973		308,177
PDF Solutions *		14,509		436,431
Perficient *		16,120		761,831

The accompanying notes are an integral part of the financial statements.

CATHOLIC RESPONSIBLE INVESTMENTS SMALL-CAP FUND

APRIL 30, 2024 (Unaudited)


COMMON STOCK — continued

	Shares		Value

INFORMATION TECHNOLOGY — continued
Photronics *		28,703	$	786,749
Plexus *		12,117		1,223,938
Progress Software		19,873		990,073
Rogers *		7,484		891,270
Sanmina *		24,477		1,485,020
ScanSource *		11,046		459,735
Semtech *		29,602		1,113,627
SiTime *		8,159		727,130
SMART Global Holdings *		24,248		443,011
SolarEdge Technologies *		25,734		1,509,299
Sprinklr, Cl A *		55,115		644,294
SPS Commerce *		16,364		2,845,209
TTM Technologies *		44,869		669,894
Ultra Clean Holdings *		20,312		849,651
Veeco Instruments *		24,819		877,103
Viasat *		34,471		548,434
Viavi Solutions *		98,376		777,170
Xerox Holdings		49,621		659,463
Xperi *		21,720		228,277

				61,265,727


MATERIALS — 6.1%
AdvanSix		13,431		339,267
Alpha Metallurgical Resources		5,311		1,737,334
ATI *		57,599		3,438,660
Balchem		14,507		2,051,000
Carpenter Technology		22,502		1,928,421
Century Aluminum *		26,276		455,889
Clearwater Paper *		7,756		349,330
Compass Minerals International		17,162		213,667
Hawkins		8,768		664,351
Haynes International		6,186		372,088
HB Fuller		24,535		1,833,010
Ingevity *		16,281		832,610
Innospec		11,251		1,350,120
Kaiser Aluminum		7,591		686,910
Koppers Holdings		9,782		501,621
Materion		9,463		1,087,677
Mativ Holdings		26,329		480,768
Mercer International		21,978		222,637
Metallus *		18,418		378,674
Minerals Technologies		14,776		1,077,023
Myers Industries		18,148		397,441
O-I Glass, Cl I *		71,323		1,066,992
Olympic Steel		4,866		309,332
Quaker Chemical		6,431		1,199,574
Sealed Air		66,266		2,086,054
Sensient Technologies		19,224		1,407,581
Stepan		9,767		810,563
SunCoke Energy		39,306		405,245
Sylvamo		16,437		1,027,312
Warrior Met Coal		23,576		1,611,420


COMMON STOCK — continued

	Shares		Value

MATERIALS — continued
Worthington Steel		14,678	$	451,936

				30,774,507


REAL ESTATE — 7.4%
Acadia Realty Trust ‡		46,227		798,803
Alexander & Baldwin ‡		33,584		553,128
American Assets Trust ‡		22,526		480,930
Anywhere Real Estate *		53,017		257,663
Apple Hospitality REIT ‡		96,387		1,422,672
Armada Hoffler Properties ‡		32,139		338,102
Brandywine Realty Trust ‡		82,147		372,947
CareTrust REIT ‡		59,376		1,467,775
Centerspace ‡		6,910		464,697
Chatham Lodging Trust ‡		23,586		216,284
Cushman & Wakefield *		75,746		730,949
DiamondRock Hospitality ‡		97,264		865,650
Douglas Emmett ‡		76,504		1,048,870
Easterly Government Properties, Cl A ‡		43,673		510,537
Elme Communities ‡		41,088		622,894
Essential Properties Realty Trust ‡		71,213		1,875,750
eXp World Holdings (A)		37,664		375,133
Four Corners Property Trust ‡		41,578		975,004
Getty Realty ‡		23,157		627,555
Global Net Lease ‡		92,503		642,896
Highwoods Properties ‡		48,510		1,270,962
Hudson Pacific Properties ‡		62,291		361,288
Innovative Industrial Properties, Cl A ‡		13,029		1,347,199
JBG SMITH Properties ‡		39,595		594,321
Kennedy-Wilson Holdings		51,988		446,577
LTC Properties ‡		19,098		632,144
LXP Industrial Trust ‡		134,935		1,126,707
Macerich ‡		98,770		1,359,075
Marcus & Millichap		10,402		329,431
NexPoint Residential Trust ‡		12,141		415,708
Outfront Media ‡		68,794		1,091,073
Pebblebrook Hotel Trust ‡		55,745		809,975
Phillips Edison ‡		54,950		1,796,865
Retail Opportunity Investments ‡		58,399		716,556
Safehold ‡		22,353		407,713
Saul Centers ‡		6,483		236,046
Service Properties Trust ‡		81,749		501,121
SITE Centers ‡		83,040		1,120,210
SL Green Realty ‡		29,201		1,455,086
St. Joe		15,890		908,908
Summit Hotel Properties ‡		51,397		308,896
Sunstone Hotel Investors ‡		92,921		947,794
Tanger ‡		49,773		1,411,064
Uniti Group ‡		111,897		643,408
Urban Edge Properties ‡		54,359		909,426

The accompanying notes are an integral part of the financial statements.

CATHOLIC RESPONSIBLE INVESTMENTS SMALL-CAP FUND

APRIL 30, 2024 (Unaudited)


COMMON STOCK — continued

	Shares		Value

REAL ESTATE — continued
Veris Residential ‡		38,402	$	553,373
Whitestone REIT, Cl B ‡		20,708		238,142
Xenia Hotels & Resorts ‡		48,953		678,978

				37,266,285


UTILITIES — 2.0%
American States Water		20,395		1,444,782
Avista		41,437		1,490,903
California Water Service Group		30,528		1,499,535
Chesapeake Utilities		12,317		1,304,001
Clearway Energy, Cl A		22,703		492,882
Clearway Energy, Cl C		45,269		1,058,389
Middlesex Water		11,487		582,621
Northwest Natural Holding		21,913		835,981
SJW Group		16,682		908,335
Unitil		10,532		536,500

				10,153,929

Total Common Stock
(Cost $412,661,924)				492,958,534



RIGHTS — 0.0%

	Number of Rights
Toriba Therapeutics* (B)(C)		2,044	$	—


Total Rights

(Cost $122)				—


SHORT-TERM INVESTMENT — 0.8%

	Shares
State Street Institutional US Government Money Market Fund, Premier Class, 5.300%, (D)
(Cost $3,884,406)		3,884,406	$	3,884,406

Total Short-Term Investment
(Cost $3,884,406)				3,884,406

Total Investments in Securities— 99.1%
(Cost $416,546,452)				$496,842,940

Percentages are based on Net Assets of $501,295,929.

A list of the open futures contracts held by the Fund at April 30, 2024, is as follows:

Type of

Contract

Number of
Contracts

Notional
Amount

Value

Unrealized
Depreciation

Long Contracts

Russell 2000 Index E-MINI

Jun-2024

$8,285,125

$7,743,840

$(541,285

)

*	Non-income producing security.

‡	Real Estate Investment Trust.

(A)	This security or a partial position of this security is on loan at April 30. 2024. The total market value of securities on loan at April 30. 2024 was $3,804,349.

(B)	Level 3 security in accordance with fair value hierarchy.

(C)	Expiration date not available.

(D)	This security was purchased with cash collateral received from securities lending. The total was of such securities as of April 30. 2024, was $3,884,406.

Cl — Class

REIT — Real Estate Investment Trust

The following is a summary of the inputs used as of April 30, 2024, in valuing the Fund’s investments carried at market value:


Investments in Securities	Level 1		Level 2		Level 3^		Total
Common Stock	$	492,958,534	$	—	$	—	$	492,958,534
Rights		—		—		—#		—
Short-Term Investment		3,884,406		—		—		3,884,406


Total Investments in Securities	$	496,842,940	$	—	$	—	$	496,842,940


Other Financial Instruments	Level 1		Level 2		Level 3		Total
Futures Contracts*
Unrealized Depreciation	$	(541,285)	$	—	$	—	$	(541,285)


Total Other Financial Instruments	$	(541,285)	$	—	$	—	$	(541,285)

# Security or securities with a market value of $0.

* Futures contracts are valued at the unrealized appreciation (depreciation) on the instrument.

The accompanying notes are an integral part of the financial statements.

CATHOLIC RESPONSIBLE INVESTMENTS SMALL-CAP FUND

APRIL 30, 2024 (Unaudited)

Amounts designated as “–” are $0 or have been round to $0.

For more information on valuation inputs, see Note 2 — Significant Accounting Policies in the Notes to Financial Statements.

The accompanying notes are an integral part of the financial statements.

CATHOLIC RESPONSIBLE INVESTMENTS MULTI-STYLE US EQUITY FUND

APRIL 30, 2024 (Unaudited)


SECTOR WEIGHTINGS ^†

LOGO

† Percentages are based on total investments. Total investments do not include derivatives such as options, futures contracts, forward contracts, and swap contracts, if applicable.


SCHEDULE OF INVESTMENTS
COMMON STOCK — 98.0%

	Shares		Value
COMMUNICATION SERVICES — 11.8%
Alphabet, Cl A *		26,200	$	4,264,836
Alphabet, Cl C *		204,884		33,732,102
Charter Communications, Cl A *		22,400		5,733,056
Comcast, Cl A		150,500		5,735,555
EchoStar, Cl A *		26,140		417,984
Fox, Cl A		56,100		1,739,661
Fox, Cl B		55,033		1,578,346
Meta Platforms, Cl A		49,459		21,275,778
Netflix *		8,579		4,723,941
News, Cl A		29,775		708,645
Pinterest, Cl A *		30,425		1,017,716
Spotify Technology *		5,194		1,456,605
Take-Two Interactive Software *		6,677		953,542
T-Mobile US		20,000		3,283,400
Walt Disney		75,036		8,336,500
ZoomInfo Technologies, Cl A *		95,550		1,515,423

				96,473,090

CONSUMER DISCRETIONARY — 9.6%
Airbnb, Cl A *		16,970		2,690,933
Amazon.com *		217,422		38,048,850
AutoZone *		365		1,079,086
Booking Holdings		1,100		3,797,233
Chipotle Mexican Grill, Cl A *		1,577		4,982,689
DoorDash, Cl A *		9,330		1,205,996
Gap		88,000		1,805,760
Hilton Worldwide Holdings		9,807		1,934,725
Honda Motor ADR		60,200		2,046,198
Lululemon Athletica *		7,833		2,824,580
NIKE, Cl B		74,307		6,855,564
On Holding, Cl A *		23,720		753,110
Ross Stores		11,838		1,533,613
Starbucks		53,885		4,768,283
TJX		38,699		3,641,189


COMMON STOCK — continued

	Shares		Value
CONSUMER DISCRETIONARY — continued
VF		74,700	$	930,762

				78,898,571

CONSUMER STAPLES — 2.0%
Anheuser-Busch InBev ADR (A)		75,500		4,504,330
Celsius Holdings *		6,668		475,228
elf Beauty *		4,311		700,667
Freshpet *		7,948		843,044
Haleon ADR (A)		457,575		3,903,115
Molson Coors Beverage, Cl B		40,200		2,301,852
PepsiCo		22,524		3,962,197

				16,690,433

ENERGY — 2.4%
Baker Hughes, Cl A		86,000		2,805,320
Cheniere Energy		8,873		1,400,337
ConocoPhillips		21,900		2,751,078
Occidental Petroleum		149,200		9,868,088
Williams		72,300		2,773,428

				19,598,251

FINANCIALS — 15.7%
Aegon		240,169		1,481,843
Ares Management, Cl A		11,317		1,506,179
Bank of America		146,600		5,425,666
Bank of New York Mellon		95,200		5,377,848
Berkshire Hathaway, Cl B *		17,683		7,015,377
Brighthouse Financial *		16,808		810,986
Capital One Financial		46,800		6,712,524
Charles Schwab		149,600		11,062,920
Corpay *		10,266		3,101,769
Fidelity National Information
Services		68,100		4,625,352
Fiserv *		61,100		9,328,137
Global Payments		15,285		1,876,539
Goldman Sachs Group		11,000		4,693,810
Mastercard, Cl A		22,698		10,241,338
MetLife		101,500		7,214,620
Moody’s		15,103		5,593,094
MSCI, Cl A		8,652		4,030,015
S&P Global		7,574		3,149,656
State Street		27,900		2,022,471
Tradeweb Markets, Cl A		12,901		1,312,161
Truist Financial		97,000		3,642,350
UBS Group		51,100		1,372,035
Visa, Cl A		55,173		14,820,019
Wells Fargo		208,000		12,338,560

				128,755,269

HEALTH CARE — 10.3%
Align Technology *		4,665		1,317,303
Alnylam Pharmaceuticals *		24,201		3,483,734
Avantor *		126,100		3,055,403
Baxter International		65,700		2,652,309
BioMarin Pharmaceutical *		37,000		2,988,120

The accompanying notes are an integral part of the financial statements.

CATHOLIC RESPONSIBLE INVESTMENTS MULTI-STYLE US EQUITY FUND

APRIL 30, 2024 (Unaudited)


COMMON STOCK — continued

	Shares		Value
HEALTH CARE — continued
Boston Scientific *		30,135	$	2,165,802
Cigna Group		31,500		11,246,760
CVS Health		79,400		5,376,174
Elanco Animal Health *		145,000		1,908,200
Elevance Health		14,348		7,584,066
Exact Sciences *		13,551		804,252
GE HealthCare Technologies		33,600		2,561,664
ICON *		14,940		4,450,327
IDEXX Laboratories *		2,919		1,438,366
Inspire Medical Systems *		4,981		1,203,709
Intuitive Surgical *		9,015		3,341,139
Medtronic		30,000		2,407,200
Mettler-Toledo International *		6,774		8,329,988
Molina Healthcare *		3,493		1,194,955
Stryker		25,990		8,745,635
Veeva Systems, Cl A *		6,404		1,271,578
Zimmer Biomet Holdings		32,700		3,933,156
Zoetis, Cl A		16,532		2,632,556

				84,092,396

INDUSTRIALS — 11.1%
AMETEK		47,275		8,257,051
Axon Enterprise *		3,822		1,198,808
Builders FirstSource *		4,084		746,637
Carrier Global		70,500		4,335,045
Clean Harbors *		6,394		1,211,343
Copart *		99,131		5,383,805
Equifax		10,588		2,331,372
FedEx		31,900		8,350,782
Fortive		89,984		6,773,096
GXO Logistics *		131,969		6,553,581
HEICO		30,107		6,244,192
Johnson Controls International		112,000		7,287,840
Mercury Systems *		48,310		1,362,342
Norfolk Southern		16,000		3,685,120
TransDigm Group		11,231		14,016,625
TransUnion		32,098		2,343,154
Uber Technologies *		56,324		3,732,591
Veralto		33,157		3,106,148
Waste Connections		26,411		4,280,959

				91,200,491

INFORMATION TECHNOLOGY — 30.4%
Adobe *		19,695		9,115,437
Amphenol, Cl A		82,525		9,966,544
Analog Devices		28,270		5,671,245
Apple		151,784		25,853,369
ASML Holding, Cl G		5,865		5,117,037
Aspen Technology *		5,570		1,096,566
Broadcom		4,024		5,232,286
Cadence Design Systems *		8,219		2,265,403
CDW		8,364		2,022,917
Cisco Systems		50,800		2,386,584


COMMON STOCK — continued

	Shares		Value
INFORMATION TECHNOLOGY — continued
Cognizant Technology Solutions, Cl A		45,000	$	2,955,600
Coherent *		26,300		1,436,769
Gartner *		9,628		3,972,416
Hewlett Packard Enterprise		90,688		1,541,696
HP		71,000		1,994,390
HubSpot *		4,633		2,802,363
Intuit		20,385		12,753,264
Juniper Networks		74,000		2,576,680
Microchip Technology		117,638		10,820,343
Microsoft		135,940		52,925,520
MongoDB, Cl A *		12,743		4,653,489
NVIDIA		24,958		21,564,211
Oracle		80,157		9,117,859
PTC *		8,449		1,499,191
Roper Technologies		21,287		10,887,449
Salesforce		61,818		16,625,333
SAP ADR		57,568		10,431,897
ServiceNow *		6,278		4,352,726
Silicon Laboratories *		8,664		1,052,589
TE Connectivity		23,000		3,254,040
Workday, Cl A *		12,743		3,118,594

				249,063,807

MATERIALS — 2.2%
Celanese, Cl A		12,600		1,935,486
International Flavors & Fragrances		44,100		3,733,065
Linde		20,040		8,836,839
LyondellBasell Industries, Cl A		32,200		3,219,034

				17,724,424

REAL ESTATE — 2.1%
American Tower ‡		45,059		7,730,322
CoStar Group *		13,524		1,237,852
Equinix ‡		4,494		3,195,728
SBA Communications, Cl A ‡		4,618		859,502
Sun Communities ‡		15,600		1,736,592
Welltower ‡		26,567		2,531,304

				17,291,300

UTILITIES — 0.4%
Dominion Energy		61,000		3,109,780


Total Common Stock (Cost $652,481,815)				802,897,812

The accompanying notes are an integral part of the financial statements.

CATHOLIC RESPONSIBLE INVESTMENTS MULTI-STYLE US EQUITY FUND

APRIL 30, 2024 (Unaudited)


WARRANTS — 0.1%

	Number of Warrants		Value
Occidental Petroleum, Expires
8/6/2027*		7,000	$	310,100
Total Warrants
(Cost $90,720)				310,100


SHORT-TERM INVESTMENT — 0.8%

	Shares
State Street Institutional US Government Money Market Fund, Premier Class, 5.300%, (B)
(Cost $6,652,379)		6,652,379	$	6,652,379

Total Short-Term Investment
(Cost $6,652,379)				6,652,379

Total Investments in Securities— 98.9%
(Cost $659,224,914)				$809,860,291

Percentages are based on Net Assets of $819,095,096.

*	Non-income producing security.

‡	Real Estate Investment Trust.

(A)	This security or a partial position of this security is on loan at April 30, 2024. The total market value of securities on loan at April 30, 2024 was $6,466,352.

(B)	This security was purchased with cash collateral received from securities lending. The total was of such securities as of April 30, 2024, was $6,652,379.

ADR — American Depositary Receipt

Cl — Class

As of April 30, 2024, all of the Fund’s investments in securities were considered Level 1, in accordance with the authoritative guidance of fair value measurements and disclosure under U.S. generally accepted accounting principles.

For more information on valuation inputs, see Note 2 — Significant Accounting Policies in the Notes to Financial Statements.

The accompanying notes are an integral part of the financial statements.

CATHOLIC RESPONSIBLE INVESTMENTS INTERNATIONAL EQUITY FUND

APRIL 30, 2024 (Unaudited)

SECTOR WEIGHTINGS ^†

LOGO

† Percentages are based on total investments. Total investments do not include derivatives such as options, futures contracts, forward contracts, and swap contracts, if applicable.


SCHEDULE OF INVESTMENTS
COMMON STOCK — 98.1%

	Shares		Value

AUSTRALIA — 0.2%
Rio Tinto		510	$	34,579
Sandfire Resources *		518,990		3,133,371

				3,167,950


BELGIUM — 0.7%
Anheuser-Busch InBev		165,215		9,894,550


BRAZIL — 3.2%
Banco do Brasil		988,200		5,241,191
Cia de Saneamento de Minas Gerais Copasa MG		60,200		227,416
Cury Construtora e Incorporadora		77,200		291,040
Localiza Rent a Car		192,079		1,819,212
MercadoLibre *		12,478		18,201,658
Neoenergia		71,700		264,772
NU Holdings, Cl A *		1,143,810		12,421,777
Petroleo Brasileiro ADR, Cl A		213,010		3,433,721
Suzano		67,800		764,714
TIM		191,000		651,517
Vibra Energia		227,700		1,031,066

				44,348,084


CANADA — 4.1%
Alimentation Couche-Tard		115,490		6,414,009
Canadian Pacific Kansas City (CAD)		176,157		13,847,913
Canadian Pacific Kansas City (USD)		246,078		19,299,898
Dollarama		69,800		5,834,576
Thomson Reuters		76,520		11,581,180

				56,977,576


CHINA — 4.6%
Agricultural Bank of China, Cl H		5,470,000		2,439,600


COMMON STOCK — continued

	Shares		Value

CHINA — continued
Alibaba Group Holding ADR		56,850	$	4,255,223
Autohome ADR		18,320		470,824
China Construction Bank, Cl H		6,892,921		4,460,514
China Everbright Environment Group		691,000		280,246
China Galaxy Securities, Cl H		1,507,000		816,449
China Railway Group, Cl H		1,693,000		835,586
China State Construction International Holdings		312,000		329,255
China Taiping Insurance Holdings		543,000		496,569
COSCO SHIPPING Holdings, Cl H		1,217,700		1,575,804
Daqo New Energy ADR *		17,777		341,318
FinVolution Group ADR		75,081		358,136
Gree Electric Appliances of Zhuhai, Cl A		144,100		835,962
Greentown China Holdings		274,000		240,294
Hello Group ADR		41,905		244,306
iQIYI ADR *		199,741		968,744
JD.com ADR		9,835		284,133
Jiangxi Copper, Cl H		397,000		808,698
JinkoSolar Holding ADR		31,278		754,425
Kuaishou Technology, Cl B *		121,100		849,160
Kweichow Moutai, Cl A		6,900		1,617,727
Midea Group, Cl A		30,900		297,172
NARI Technology, Cl A		309,191		999,986
NetEase ADR		14,235		1,330,545
PDD Holdings ADR *		23,490		2,940,478
People’s Insurance Group of China, Cl H		1,361,000		446,800
PetroChina, Cl H		2,000,000		1,863,840
Qifu Technology ADR		57,441		1,050,596
Sinopharm Group, Cl H		226,400		571,852
Tencent Holdings		528,294		23,187,678
Tencent Music Entertainment Group ADR *		122,316		1,535,066
Vipshop Holdings ADR		125,479		1,887,204
Weibo ADR		113,502		978,387
Yum China Holdings		68,863		2,514,188
Yutong Bus, Cl A		127,100		448,711
Zhejiang Semir Garment, Cl A		462,200		414,707
ZTE, Cl H		124,000		267,315

				63,997,498


DENMARK — 0.4%
Coloplast, Cl B		14,168		1,711,485
Pandora		28,915		4,409,411

				6,120,896


FRANCE — 10.3%
Air Liquide		68,924		13,505,929
Alstom (A)		882,868		13,947,936

The accompanying notes are an integral part of the financial statements.

CATHOLIC RESPONSIBLE INVESTMENTS INTERNATIONAL EQUITY FUND

APRIL 30, 2024 (Unaudited)


COMMON STOCK — continued

	Shares		Value

FRANCE — continued
AXA (A)		179,703	$	6,220,984
BNP Paribas		68,487		4,937,945
Carrefour		327,939		5,527,619
Cie de Saint-Gobain		48,312		3,827,998
Danone		199,951		12,538,503
Dassault Systemes		64,094		2,520,659
Hermes International		2,847		6,828,817
Ipsen		26,471		3,226,038
Kering		34,964		12,277,407
L’Oreal		44,607		20,954,418
LVMH Moet Hennessy Louis Vuitton		28,389		23,364,676
Publicis Groupe		27,052		2,990,851
Rexel		95,532		2,480,943
Vinci		65,196		7,654,126
Worldline *		152,932		1,589,343

				144,394,192


GERMANY — 4.6%
Allianz		16,099		4,577,453
Carl Zeiss Meditec		18,408		1,946,021
CompuGroup Medical & KgaA		19,138		574,400
Deutsche Telekom		601,734		13,809,607
Hannover Rueck		16,332		4,058,858
Heidelberg Materials		29,558		2,980,317
Infineon Technologies		312,537		10,866,871
LANXESS		226,563		6,415,690
Nemetschek		22,647		2,005,153
RWE		181,962		6,350,951
SAP		62,696		11,342,639

				64,927,960


GREECE — 0.4%
FF Group *(B)		8,921		4,579
National Bank of Greece *		559,012		4,507,437
Piraeus Financial Holdings *		350,425		1,406,490

				5,918,506


HONG KONG — 1.9%
AIA Group		1,336,800		9,793,080
China Lumena New Materials *(B)		15,350		—
Link REIT ‡		618,200		2,649,368
Orient Overseas International		29,000		423,047
Prudential		1,469,251		12,805,121
Sinotruk Hong Kong		144,000		358,443
WH Group		75,534		54,912

				26,083,971


INDIA — 4.0%
ABB India		14,630		1,145,574
Ashoka Buildcon *		406,254		846,559
Bajaj Auto		27,221		2,906,055
Bank of Baroda		529,640		1,780,818


COMMON STOCK — continued

	Shares		Value

INDIA — continued
Bharat Petroleum		38,872	$	282,855
Birlasoft		43,755		339,492
Canara Bank		188,782		1,403,252
Chambal Fertilisers and Chemicals		63,209		320,802
Chennai Petroleum		31,413		384,202
Colgate-Palmolive India		36,979		1,251,429
GAIL India		215,708		538,864
Hindalco Industries		52,638		404,827
ICICI Bank ADR		715,380		19,694,411
Indian Oil		780,036		1,575,192
InterGlobe Aviation *		33,452		1,595,124
ITD Cementation India		139,695		632,136
JK Tyre & Industries		102,390		515,906
KPIT Technologies		32,802		584,784
LIC Housing Finance		96,509		777,255
Mahindra & Mahindra		15,732		405,790
Manappuram Finance		302,210		721,548
NCC		390,956		1,130,940
Nippon Life India Asset Management		69,092		486,506
Oil & Natural Gas		725,238		2,448,227
Power Finance		168,198		886,614
Power Grid Corp of India		232,645		839,099
REC		604,267		3,660,467
Shriram Finance		55,772		1,701,610
Trent		17,344		915,502
Union Bank of India		156,371		288,237
Varun Beverages		231,927		4,102,745
Zomato *		704,130		1,625,081

				56,191,903


INDONESIA — 0.7%
Astra International		2,753,300		868,819
Bank Central Asia		4,065,100		2,444,282
Bank Negara Indonesia Persero		6,305,200		2,028,617
Bank Rakyat Indonesia Persero		12,320,800		3,729,550
Perusahaan Gas Negara		6,253,200		564,680

				9,635,948


IRELAND — 0.8%
AIB Group		839,447		4,353,491
Bank of Ireland Group		182,245		1,948,195
Ryanair Holdings ADR		39,787		5,418,989

				11,720,675


ITALY — 4.3%
Amplifon		47,150		1,577,198
Enel		1,960,761		12,911,805
Ferrari		75,393		31,066,960
PRADA		195,800		1,597,117
UniCredit		363,963		13,384,763

				60,537,843

The accompanying notes are an integral part of the financial statements.

CATHOLIC RESPONSIBLE INVESTMENTS INTERNATIONAL EQUITY FUND

APRIL 30, 2024 (Unaudited)


COMMON STOCK — continued

	Shares		Value

JAPAN — 7.3%
Daifuku		67,500	$	1,385,732
FANUC		437,500		12,987,264
Fujitsu		296,900		4,596,758
Hoya		42,100		4,891,923
Kajima		78,100		1,499,496
Keyence		12,700		5,597,499
M3		39,500		418,767
MatsukiyoCocokara		116,400		1,654,309
Mitsubishi Electric		249,700		4,361,933
MS&AD Insurance Group Holdings		138,900		2,502,844
Murata Manufacturing		486,500		8,909,183
Nintendo		141,600		6,921,050
Nippon Telegraph & Telephone		1,746,800		1,890,149
Nomura Research Institute		61,800		1,498,756
Obic		9,600		1,236,022
OKUMA		37,200		1,674,514
Renesas Electronics		813,300		13,233,906
Sanken Electric		18,000		778,850
Secom		34,700		2,415,710
Seven & i Holdings		565,200		7,319,306
Shimamura		37,200		1,837,922
Shin-Etsu Chemical		98,600		3,825,190
Socionext		102,500		3,003,318
Sompo Holdings		103,500		2,052,834
Sundrug		36,000		1,047,665
TIS		72,400		1,549,655
TOPPAN Holdings		99,700		2,370,539

				101,461,094


MALAYSIA — 0.1%
YTL		1,222,600		790,467


MEXICO — 0.8%
Cemex ADR *		481,475		3,808,467
Fibra Uno Administracion ‡		331,300		476,772
Grupo Aeroportuario del Sureste, Cl B		8,905		308,305
Grupo Financiero Banorte, Cl O		210,300		2,097,261
Wal-Mart de Mexico		1,143,066		4,283,520

				10,974,325


NETHERLANDS — 9.6%
Adyen *		11,705		14,049,595
Akzo Nobel		161,218		10,657,966
ASM International		37,721		23,773,670
ASML Holding, Cl G		19,641		17,136,183
ASML Holding		19,100		16,668,383
BE Semiconductor Industries		18,372		2,442,183
Heineken		27,983		2,728,540
ING Groep		476,278		7,544,589
Koninklijke Philips *		585,306		15,573,437
Shell (EUR)		480,958		17,219,563


COMMON STOCK — continued

	Shares		Value

NETHERLANDS — continued
Shell (GBP)		67,235	$	2,395,074
Universal Music Group		119,266		3,514,988

				133,704,171


NEW ZEALAND — 0.1%
Fisher & Paykel Healthcare		78,823		1,325,711


POLAND — 0.0%
Jastrzebska Spolka Weglowa *		23,039		173,880


QATAR — 0.0%
Ooredoo QPSC		168,287		461,738


RUSSIA — 0.0%
Gazprom PJSC *(B)		597,226		—
Sberbank of Russia PJSC ADR (B)		55,964		—

				—


SAUDI ARABIA — 0.2%
Arab National Bank		63,814		524,510
Etihad Etisalat		49,193		680,937
Leejam Sports JSC		13,438		750,116
Saudi Aramco Base Oil		10,666		429,691
Saudi Awwal Bank		26,371		286,175
United Electronics		12,921		340,964

				3,012,393


SINGAPORE — 0.7%
DBS Group Holdings		131,670		3,355,172
United Overseas Bank		253,800		5,637,395

				8,992,567


SOUTH KOREA — 3.5%
BNK Financial Group		46,342		279,788
Coupang, Cl A *		623,612		14,031,270
DB HiTek		9,639		284,838
DB Insurance		7,689		539,344
DL E&C		10,183		272,977
GS Holdings		16,151		522,190
Hana Financial Group		42,103		1,775,770
Hankook Tire & Technology		10,334		438,496
HD Hyundai Infracore		82,232		489,220
Hyundai Electric & Energy System		2,813		496,254
Hyundai Marine & Fire Insurance		11,585		261,520
Industrial Bank of Korea		44,686		449,252
KB Financial Group ADR		9,200		496,524
KB Financial Group		3,920		212,609
Kia		37,662		3,190,823
KIWOOM Securities		3,510		333,322
Korea Gas *		14,406		286,607
Korean Air Lines		26,355		397,438

The accompanying notes are an integral part of the financial statements.

CATHOLIC RESPONSIBLE INVESTMENTS INTERNATIONAL EQUITY FUND

APRIL 30, 2024 (Unaudited)


COMMON STOCK — continued

	Shares		Value

SOUTH KOREA — continued
KT		12,629	$	315,750
LX International		37,357		751,678
OCI Holdings		6,420		437,442
Samsung Electronics GDR		3,596		5,018,059
Samsung Electronics		176,931		9,834,999
Samsung Securities		12,364		338,228
SK Hynix		44,986		5,551,528
SOLUM *		21,041		396,404
SOOP		6,991		565,863
Youngone		17,316		479,185

				48,447,378


SPAIN — 1.8%
Aena SME (A)		40,651		7,422,490
Amadeus IT Group		89,520		5,693,133
Iberdrola		603,536		7,414,557
Industria de Diseno Textil (A)		102,894		4,693,884

				25,224,064


SWEDEN — 0.6%
Assa Abloy, Cl B		91,292		2,421,843
Atlas Copco, Cl A		351,639		6,184,312

				8,606,155


SWITZERLAND — 1.8%
ABB		144,340		7,029,313
Alcon		58,644		4,506,932
Julius Baer Group		49,847		2,680,833
Straumann Holding		12,550		1,672,187
UBS Group		371,545		9,780,334

				25,669,599


TAIWAN — 5.5%
Alchip Technologies		26,000		2,452,191
Arcadyan Technology		95,000		500,841
Asia Vital Components		54,087		1,066,906
Asustek Computer		35,000		458,946
Bora Pharmaceuticals		23,000		539,078
Chicony Electronics		92,000		569,536
Compal Electronics		511,000		557,378
Compeq Manufacturing		221,000		520,646
E Ink Holdings		201,000		1,285,038
Evergreen Marine Taiwan		153,400		891,339
Gold Circuit Electronics		51,000		304,664
Hon Hai Precision Industry		623,000		2,965,698
International Games System		28,000		856,275
MediaTek		122,000		3,678,444
Micro-Star International		48,000		233,554
MPI		27,000		362,382
Novatek Microelectronics		69,000		1,303,770
Pou Chen		311,000		344,237
Powertech Technology		141,000		750,877
Quanta Computer		320,000		2,511,438
Radiant Opto-Electronics		63,000		384,106


COMMON STOCK — continued

	Shares		Value

TAIWAN — continued
Raydium Semiconductor		32,000	$	417,150
Sercomm		126,000		476,700
Sitronix Technology		60,000		512,423
Taiwan Semiconductor Manufacturing ADR		183,585		25,213,564
Taiwan Semiconductor Manufacturing		1,026,000		24,566,307
United Microelectronics ADR (A)		58,748		452,360
Wistron		177,000		606,059
Wiwynn		8,000		569,113
WT Microelectronics		69,000		314,996
Yang Ming Marine Transport		298,000		476,438

				76,142,454


THAILAND — 0.1%
Bangchak		731,300		823,723
Sansiri		4,525,800		206,763

				1,030,486


TURKEY — 0.4%
Anadolu Efes Biracilik Ve Malt Sanayii		99,100		558,483
Anadolu Grubu Holding		38,293		383,595
Dogus Otomotiv Servis ve Ticaret		57,048		499,973
KOC Holding		229,604		1,603,431
Mavi Giyim Sanayi Ve Ticaret, Cl B		199,847		570,965
Turk Hava Yollari AO *		99,580		1,001,910
Yapi ve Kredi Bankasi		494,678		495,507

				5,113,864


UNITED ARAB EMIRATES — 0.1%
Emaar Properties PJSC		398,396		890,531
Emirates NBD Bank PJSC		172,071		796,430

				1,686,961


UNITED KINGDOM — 11.8%
3i Group		203,458		7,284,128
Ashtead Group		64,385		4,684,823
Barclays		7,082,828		17,894,971
Berkeley Group Holdings		52,208		3,072,314
BP		2,919,986		18,860,248
Compass Group		634,069		17,672,437
CRH		103,531		8,034,172
Diageo		351,836		12,184,584
Halma		65,190		1,790,361
Intermediate Capital Group		115,786		3,024,101
JD Sports Fashion		1,562,940		2,242,267
Kingfisher		1,027,276		3,170,913
Legal & General Group		1,720,405		5,060,735
London Stock Exchange Group		34,042		3,760,585
NatWest Group		1,357,863		5,135,736
RELX (EUR)		129,785		5,347,630
RELX (GBP)		52,836		2,175,374

The accompanying notes are an integral part of the financial statements.

CATHOLIC RESPONSIBLE INVESTMENTS INTERNATIONAL EQUITY FUND

APRIL 30, 2024 (Unaudited)


COMMON STOCK — continued

	Shares		Value

UNITED KINGDOM — continued
Segro ‡		358,116	$	3,774,530
Smith & Nephew		156,587		1,901,093
SSP Group		4,051,957		9,934,492
Tate & Lyle		1,167,693		9,593,353
Taylor Wimpey		1,646,203		2,703,108
Unilever		150,091		7,780,449
Vistry Group		127,334		1,895,426
Weir Group		83,027		2,123,030
WH Smith		325,489		4,461,374

				165,562,234


UNITED STATES — 13.5%
Accenture, Cl A		3,004		903,934
Aon, Cl A		53,550		15,101,635
Arch Capital Group *		171,590		16,050,529
Atlassian, Cl A *		93,020		16,027,346
EPAM Systems *		28,195		6,633,156
Experian		287,761		11,630,633
Ferguson		81,955		17,316,568
ICON *		91,408		27,228,615
Linde		26,260		11,579,610
Monday.com *		37,555		7,110,288
Nestle		32,492		3,269,673
Schneider Electric		92,863		21,214,786
Spotify Technology *		39,450		11,063,358
STERIS		57,404		11,742,562
Waste Connections		77,395		12,544,956

				189,417,649

Total Common Stock (Cost $1,120,101,187)				1,371,714,742


PREFERRED STOCK — 0.1%



BRAZIL — 0.1%
Bradespar(C)	225,400	$	871,055
Cia Energetica de Minas Gerais(C)	201,370		377,246
Marcopolo(C)	252,020		322,859

			1,571,160

Total Preferred Stock (Cost $1,751,210)			1,571,160


SHORT-TERM INVESTMENT — 1.9%

	Shares		Value
State Street Institutional US
Government Money Market
Fund, Premier Class, 5.300%, (D)
(Cost $26,576,890)		26,576,890	$	26,576,890

Total Short-Term Investment
(Cost $26,576,890)				26,576,890

Total Investments in Securities— 100.1%
(Cost $1,148,429,287)				$1,399,862,792

Percentages are based on Net Assets of $1,398,890,467.

*	Non-income producing security.

‡	Real Estate Investment Trust.

(A)	This security or a partial position of this security is on loan at April 30. 2024. The total market value of securities on loan at April 30. 2024 was $25,121,752.

(B)	Level 3 security in accordance with fair value hierarchy.

(C)	Expiration date not available.

(D)	This security was purchased with cash collateral received from securities lending. The total was of such securities as of April 30. 2024, was $26,576,890.

ADR — American Depositary Receipt

CAD — Canadian Dollar

Cl — Class

EUR — Euro

GBP — British Pound

GDR — Global Depositary Receipt

JSC —Joint-Stock Company

PJSC — Public Joint-Stock Company

QPSC — Qatari Joint-Stock Company

USD — U.S. Dollar

The accompanying notes are an integral part of the financial statements.

CATHOLIC RESPONSIBLE INVESTMENTS INTERNATIONAL EQUITY FUND

APRIL 30, 2024 (Unaudited)

The following is a summary of the inputs used as of April 30, 2024, in valuing the Fund’s investments carried at market value:


Investments in Securities	Level 1		Level 2		Level 3^			Total
Common Stock
Australia	$	–	$	3,167,950	$	–		$	3,167,950
Belgium		–		9,894,550		–			9,894,550
Brazil		44,348,084		–		–			44,348,084
Canada		56,977,576		–		–			56,977,576
China		19,913,578		44,083,920		–			63,997,498
Denmark		–		6,120,896		–			6,120,896
France		–		144,394,192		–			144,394,192
Germany		–		64,927,960		–			64,927,960
Greece		–		5,913,927		4,579			5,918,506
Hong Kong		–		26,083,971		–	#		26,083,971
India		19,694,411		36,497,492		–			56,191,903
Indonesia		–		9,635,948		–			9,635,948
Ireland		5,418,990		6,301,685		–			11,720,675
Italy		–		60,537,843		–			60,537,843
Japan		–		101,461,094		–			101,461,094
Malaysia		–		790,467		–			790,467
Mexico		10,974,325		–		–			10,974,325
Netherlands		17,136,183		116,567,988		–			133,704,171
New Zealand		–		1,325,711		–			1,325,711
Poland		–		173,880		–			173,880
Qatar		461,738		–		–			461,738
Russia		–		–		–	#		–
Saudi Arabia		–		3,012,393		–			3,012,393
Singapore		–		8,992,567		–			8,992,567
South Korea		14,527,794		33,919,584		–			48,447,378
Spain		–		25,224,064		–			25,224,064
Sweden		–		8,606,155		–			8,606,155
Switzerland		–		25,669,599		–			25,669,599
Taiwan		25,665,924		50,476,530		–			76,142,454
Thailand		–		1,030,486		–			1,030,486
Turkey		2,674,369		2,439,495		–			5,113,864
United Arab Emirates		1,686,961		–		–			1,686,961
United Kingdom		–		165,562,234		–			165,562,234
United States		135,985,988		53,431,661		–			189,417,649

Total Common Stock		355,465,921		1,016,244,242		4,579			1,371,714,742

Preferred Stock		1,571,160		–		–			1,571,160
Short-Term Investment		26,576,890		–		–			26,576,890

Total Investments in Securities	$	383,613,971	$	1,016,244,242	$	4,579		$	1,399,862,792

# Security or securities with a market value of $0.

Amounts designated as “–” are $0 or have been round to $0.

For more information on valuation inputs, see Note 2 — Significant Accounting Policies in the Notes to Financial Statements.

The accompanying notes are an integral part of the financial statements.

CATHOLIC RESPONSIBLE INVESTMENTS INTERNATIONAL SMALL-CAP FUND

APRIL 30, 2024 (Unaudited)

SECTOR WEIGHTINGS ^†

LOGO

† Percentages are based on total investments. Total investments do not include derivatives such as options, futures contracts, forward contracts, and swap contracts, if applicable.


SCHEDULE OF INVESTMENTS
COMMON STOCK — 98.1%

	Shares		Value
AUSTRALIA — 6.1%
Accent Group		151,545	$	184,568
ALS		125,080		1,048,299
Alumina *		655,901		675,438
Arcadium Lithium *		50,602		212,384
Audinate Group *		21,035		253,145
Cettire *		42,764		81,485
Data#3		26,476		130,535
Emeco Holdings		85,896		39,954
Inghams Group		20,016		47,489
Kelsian Group		78,580		279,940
Neuren Pharmaceuticals *		5,900		72,613
Orora		345,330		485,206
Perenti		457,282		281,351
Perseus Mining		211,566		310,203
Pro Medicus		1,844		132,060
Ramelius Resources		146,480		194,772
Seven Group Holdings		6,943		169,113
Sigma Healthcare		69,235		56,512
Super Retail Group		17,147		159,821
Technology One		12,719		132,049
Ventia Services Group Pty		166,404		388,207

				5,335,144

AUSTRIA — 2.2%
ANDRITZ		2,153		117,745
BAWAG Group		4,819		288,300
Kontron		3,415		68,878
Palfinger (A)		16,840		379,190
Porr Ag		4,350		66,062
Raiffeisen Bank International		12,496		231,231
Schoeller-Bleckmann Oilfield Equipment		12,560		612,103
Strabag		521		22,228


COMMON STOCK — continued
	Shares		Value
AUSTRIA — continued
Vienna Insurance Group Wiener Versicherung Gruppe		4,193	$	130,782

				1,916,519

BELGIUM — 0.4%
Colruyt Group NorthV		2,485		115,183
Melexis		2,141		179,260
X-Fab Silicon Foundries *		4,357		30,195

				324,638

BRAZIL — 0.4%
Cia de Saneamento do Parana		50,600		250,994
Marcopolo		63,000		62,719
Schulz		56,900		67,844

				381,557

CANADA — 3.3%
Alamos Gold, Cl A		3,703		54,581
Badger Infrastructure Solutions		1,108		36,252
Bird Construction		2,186		30,120
Boardwalk Real Estate Investment Trust ‡		11,486		592,505
Bombardier, Cl B *		912		41,635
Calibre Mining *		102,778		145,132
CI Financial		19,014		225,038
Cogeco		1,557		58,173
Docebo *		3,114		139,488
Dundee Precious Metals		29,094		220,664
iA Financial		1,725		104,792
Linamar		2,077		98,011
North American Construction Group		17,103		361,020
Pason Systems		15,967		181,885
Primaris REIT ‡		26,763		257,140
Propel Holdings		3,748		60,700
Russel Metals		799		22,548
Sienna Senior Living		20,920		204,046
Transcontinental, Cl Common Subs. Receipt		7,065		70,246

				2,903,976

CHINA — 2.6%
ANE Cayman *		139,000		92,605
Beijing Jingneng Clean Energy, Cl H		432,000		105,137
Chaoju Eye Care Holdings		104,000		50,869
China Overseas Property Holdings		135,000		82,128
China World Trade Center, Cl A		16,900		54,239
E-Commodities Holdings, Cl New Shares		292,000		60,403
FinVolution Group ADR		28,978		138,225
First Tractor, Cl H		48,000		49,717
Fufeng Group		408,000		297,755
Jinan Acetate Chemical		5,551		138,611

The accompanying notes are an integral part of the financial statements.

CATHOLIC RESPONSIBLE INVESTMENTS INTERNATIONAL SMALL-CAP FUND

APRIL 30, 2024 (Unaudited)


COMMON STOCK — continued

	Shares		Value
CHINA — continued
JNBY Design		83,000	$	151,153
Kerry Logistics Network		289,651		271,151
LexinFintech Holdings ADR		47,114		79,151
Sinofert Holdings		364,000		40,410
Sinopec Engineering Group, Cl H		209,000		134,644
Tongcheng Travel Holdings *		25,200		66,336
Yangzijiang Shipbuilding Holdings		257,600		330,974
Yuexiu Services Group		351,000		132,823

				2,276,331

DENMARK — 1.6%
ALK-Abello *		10,711		198,957
cBrain		1,078		43,055
D/S Norden		1,552		65,567
Dfds		20,560		629,362
Netcompany Group *		7,876		286,282
Per Aarsleff Holding		2,962		139,061

				1,362,284

EGYPT — 0.1%
Centamin		33,387		50,522


FINLAND — 0.2%
Finnair *		46,808		146,798
Puuilo		3,861		42,148

				188,946

FRANCE — 6.2%
CGG *		173,228		72,620
Elis		30,875		694,521
Esso Francaise		208		39,610
IPSOS		17,966		1,204,557
LISI		27,794		729,701
Mersen		1,933		71,532
Nexans		3,144		335,470
Rubis SCA		1,960		67,959
SOITEC *		2,147		210,343
Sopra Steria Group		5,131		1,125,639
Verallia		9,392		362,432
VusionGroup *,(A)		2,802		458,139

				5,372,523

GEORGIA — 0.2%
TBC Bank Group		4,458		193,139


GERMANY — 2.2%
Amadeus Fire		517		62,148
Atoss Software		1,713		458,820
Aurubis		3,322		265,119
Cliq Digital		3,356		57,150
CTS Eventim & KGaA		1,282		113,584
HUGO BOSS		853		46,052


COMMON STOCK — continued

	Shares		Value
GERMANY — continued
KION Group		505	$	23,319
SMA Solar Technology *		2,212		116,243
SUESS MicroTec		15,546		770,921

				1,913,356

GREECE — 0.3%
Piraeus Financial Holdings *		29,714		119,262
Titan Cement International		4,807		152,451

				271,713

HONG KONG — 0.9%
Cowell e Holdings *		27,000		61,268
Skyworth Group		148,000		60,875
Stella International Holdings		47,500		86,601
United Energy Group		988,000		70,490
United Laboratories International Holdings		176,000		207,587
Vitasoy International Holdings		351,309		262,253
Yue Yuen Industrial Holdings		18,500		32,762

				781,836

HUNGARY — 0.3%
Magyar Telekom
Telecommunications		95,151		240,770


INDIA — 3.3%
Ahluwalia Contracts India		7,911		105,609
Ajanta Pharma		4,236		112,351
Birlasoft		7,473		57,983
BLS International Services		22,205		93,104
Chennai Petroleum		9,100		111,299
Cosmo First		13,714		98,906
Force Motors		942		107,140
Fusion Micro Finance *		11,745		72,610
GHCL		5,192		31,879
Godawari Power and Ispat		38,406		408,770
Great Eastern Shipping		19,442		253,357
Jupiter Life Line Hospitals *		3,150		46,361
Karur Vysya Bank		192,039		468,652
Kaveri Seed		3,311		34,435
Kirloskar Ferrous Industries		4,979		36,660
Manappuram Finance		20,118		48,033
Motilal Oswal Financial Services		6,139		174,587
NESCO		7,890		81,826
NMDC Steel *		142,833		109,784
PTC India		95,266		255,655
Sarda Energy & Minerals		41,765		119,812
Shipping Corp of India		12,555		34,062

				2,862,875

INDONESIA — 0.2%
First Pacific		334,000		156,233
Summarecon Agung		617,700		19,514

				175,747

The accompanying notes are an integral part of the financial statements.

CATHOLIC RESPONSIBLE INVESTMENTS INTERNATIONAL SMALL-CAP FUND

APRIL 30, 2024 (Unaudited)


COMMON STOCK — continued

	Shares		Value
IRELAND — 0.5%
hVIVO		326,589	$	115,320
Keywords Studios		22,286		318,887

				434,207

ISRAEL — 0.6%
Africa Israel Residences		1,049		63,180
Cellebrite DI *		13,274		143,492
Isras Investment		685		131,041
Oil Refineries		489,658		142,220

				479,933

ITALY — 3.5%
BPER Banca		45,233		235,357
Buzzi		7,141		257,788
d’Amico International Shipping		14,183		101,950
De’ Longhi		38,166		1,253,969
Iveco Group		30,478		382,891
Orsero		5,349		83,486
OVS		48,348		126,553
SOL		5,318		204,970
Telecom Italia *		122,145		29,014
Unipol Gruppo		10,646		95,622
Webuild		106,396		267,573

				3,039,173

JAPAN — 25.7%
77 Bank		4,100		116,166
Abalance		5,500		70,534
Activia Properties ‡		74		184,073
Advance Residence Investment ‡		187		405,196
Aeon Hokkaido		6,800		40,086
Aica Kogyo		12,600		292,708
Aichi Financial Group		5,223		98,732
Anycolor *		2,700		37,251
AOKI Holdings		6,000		42,363
Aoyama Trading		30,500		313,970
Ariake Japan		22,078		720,981
Asics		26,301		1,129,830
Avex		3,100		25,579
Charm Care		44,300		421,655
Chiyoda *		80,000		221,089
Concordia Financial Group		142,466		769,334
Credit Saison		1,800		33,300
Daiseki		13,370		254,662
Daiseki Eco. Solution		17,300		96,357
DD GROUP *		3,500		28,237
Dentsu Soken		8,600		285,535
DMG Mori		46,600		1,248,507
Echo Trading		3,900		29,880
Eiken Chemical		13,000		165,684
ES-Con Japan		8,800		58,082
Ferrotec Holdings		8,900		169,356
Fuji		2,000		24,441


COMMON STOCK — continued

	Shares		Value
JAPAN — continued
Fuji Seal International		40,800	$	525,422
Global One Real Estate Investment ‡		641		437,166
Greens		5,100		72,124
GS Yuasa		20,300		383,861
Hanwa		3,800		146,536
Hitachi Zosen		16,100		124,889
Horiba		6,820		663,142
Hoshino Resorts REIT ‡		96		336,800
HS Holdings		13,800		84,305
Hyakugo Bank		23,600		97,273
Ichigo Office REIT Investment ‡		51		26,209
Internet Initiative Japan		71,146		1,206,395
ISB		4,900		40,014
Ishizuka Glass		2,100		36,158
Iwatani		16,050		913,386
J Trust		20,800		59,320
Japan Communications *		26,900		33,829
JINS Holdings		4,500		94,750
Juroku Financial Group		3,700		111,377
Kansai Paint		2,800		36,532
Koshidaka Holdings		5,000		27,414
Kurita Water Industries		26,558		1,054,145
Kyoei Steel		3,200		45,657
Mabuchi Motor		43,160		669,944
Management Solutions		6,200		67,092
Maruzen Showa Unyu		3,600		107,944
Matsuda Sangyo		5,600		97,684
Megmilk Snow Brand		6,600		106,826
Menicon		50,462		487,972
Miroku Jyoho Service		8,500		91,634
Mitachi		5,400		39,238
Mitsubishi Motors		116,400		369,673
Mitsubishi Shokuhin		2,500		88,843
Mitsui Matsushima Holdings (A)		6,400		129,010
Morinaga Milk Industry		8,100		159,076
MTG		9,300		91,229
NET One Systems		6,700		112,358
NGK Insulators		17,300		236,190
Nichicon		15,400		130,655
Nikkiso		16,400		131,265
Nippon Paper Industries		3,200		22,298
Nippon Shokubai		8,800		83,831
Nishi-Nippon Railroad		4,900		76,507
Nissin		2,700		53,539
NTN		95,400		189,745
Oita Bank		2,700		50,244
Onamba		16,200		131,882
Pacific Industrial		5,300		54,787
Pharma Foods International		9,400		50,096
Pressance		13,700		159,111
Prestige International		20,000		85,601

The accompanying notes are an integral part of the financial statements.

CATHOLIC RESPONSIBLE INVESTMENTS INTERNATIONAL SMALL-CAP FUND

APRIL 30, 2024 (Unaudited)


COMMON STOCK — continued

	Shares		Value
JAPAN — continued
Rakus		2,300	$	23,300
Round One		11,400		50,188
Sakata INX		17,200		175,081
Sakata Seed		14,700		339,446
San-Ai Obbli		3,900		51,277
Sanko Gosei		11,100		47,651
Sanyo Shokai		6,100		108,072
Seiren		33,078		552,241
Seven Bank		446,800		800,465
Sharingtechnology *		14,400		50,269
Shiga Bank		2,300		59,615
Siix		27,600		285,168
Skymark Airlines		10,400		61,394
Solasto		7,500		23,702
Sun Frontier Fudousan		28,300		352,762
T Hasegawa		2,600		50,881
Tess Holdings		28,300		77,676
THK		15,430		337,418
Toei		3,000		71,372
Toho Gas		8,300		213,622
Tokai Carbon		18,100		120,349
Tokyo Century		2,700		26,934
Tokyo Kiraboshi Financial Group		2,900		86,274
Tokyo Steel Manufacturing		12,300		130,767
TOMONY Holdings		23,000		60,931
Topy Industries		3,900		66,293
Toyo Engineering		9,300		55,597
Toyoda Gosei		1,300		25,225
Traders Holdings		15,400		72,903

				22,291,439

LUXEMBOURG — 1.7%
L’Occitane International		350,392		1,444,276


MALAYSIA — 1.0%
Dialog Group		213,400		107,500
Eco World Development Group		276,200		84,298
Scientex		46,600		40,980
Sime Darby Property		1,614,400		330,088
SP Setia Group		718,100		218,664
YTL Power International		82,700		79,280

				860,810

MAURITIUS — 0.1%
Capital		76,542		99,051


MEXICO — 0.0%
Fibra Uno Administracion ‡		13,758		19,799


NETHERLANDS — 0.3%
Eurocommercial Properties ‡		8,011		182,560


COMMON STOCK — continued

	Shares		Value
NETHERLANDS — continued
Koninklijke Heijmans NorthV		1,425	$	26,795
Wereldhave ‡		5,078		70,636

				279,991

NORWAY — 2.5%
Hexagon Composites *		140,638		213,100
Hoegh Autoliners		37,231		391,995
PhotoCure *,(A)		29,100		144,274
Salmar		15,349		968,624
Stolt-Nielsen		7,637		326,214
Wallenius Wilhelmsen, Cl B		12,196		123,226

				2,167,433


PHILIPPINES — 0.1%
AREIT ‡		42,600		25,589
Robinsons Land		392,400		105,767

				131,356


POLAND — 0.3%
InPost *		1,686		27,120
Tauron Polska Energia *		272,715		196,467
Text		1,204		26,780

				250,367


PORTUGAL — 0.2%
Mota-Engil SGPS		44,866		194,545


SAUDI ARABIA — 0.1%
Sumou Real Estate		3,618		60,158


SINGAPORE — 0.1%
Best World International *		42,000		75,454
Hour Glass		26,000		30,504

				105,958

SOUTH AFRICA — 0.3%
AVI		27,980		129,089
Investec		10,386		66,146
Vukile Property Fund ‡		60,737		48,615

				243,850

SOUTH KOREA — 2.6%
Binggrae		633		32,591
CJ Logistics		296		26,112
DB Insurance		2,590		181,675
Dongjin Semichem		2,674		82,672
Enchem *		301		61,575
Hanwha General Insurance		36,955		134,400
Hanwha Life Insurance		20,118		42,674
HD Hyundai Infracore		24,710		147,006
Hyundai Marine & Fire Insurance		2,496		56,345
JB Financial Group		17,894		171,690
Jeisys Medical *		26,854		186,200
KIWOOM Securities		1,183		112,342

The accompanying notes are an integral part of the financial statements.

CATHOLIC RESPONSIBLE INVESTMENTS INTERNATIONAL SMALL-CAP FUND

APRIL 30, 2024 (Unaudited)


COMMON STOCK — continued

	Shares		Value
SOUTH KOREA — continued
Korea Electric Terminal		1,724	$	79,955
Kyung Dong Navien		9,892		425,341
LOT Vacuum		2,230		31,845
OCI Holdings		2,230		151,935
SK Gas		1,273		151,744
SOOP		937		75,843
VT *		4,387		70,065

				2,222,010

SPAIN — 2.8%
Gestamp Automocion		16,960		50,917
Laboratorios Farmaceuticos Rovi		3,946		354,811
Lar Espana Real Estate Socimi ‡		8,528		62,051
Mapfre		23,441		56,662
Melia Hotels International *		241,738		1,883,458

				2,407,899

SWEDEN — 3.4%
B3 Consulting Group		3,873		24,317
BioGaia, Cl B		47,283		505,537
Camurus *		5,853		263,534
Castellum *		3,365		40,145
Fortnox		24,755		144,831
Hemnet Group		11,566		301,804
Hoist Finance *		17,046		81,419
Loomis, Cl B		50,294		1,290,564
Nyfosa		11,674		101,399
Trelleborg, Cl B		6,747		238,745

				2,992,295

SWITZERLAND — 3.3%
Bucher Industries		893		343,925
Georg Fischer		960		67,157
Inficon Holding		407		567,188
IWG *		388,376		898,534
Landis+Gyr Group		8,496		630,007
LEM Holding		48		81,936
Swissquote Group Holding		933		252,931

				2,841,678


TAIWAN — 4.0%
Ardentec		46,000		102,736
Asia Vital Components		5,000		98,629
Chicony Power Technology		83,000		441,003
Depo Auto Parts Industries		89,000		536,933
Elitegroup Computer Systems		80,000		75,062
Far Eastern Department Stores		166,000		172,746
FIT Hon Teng *		293,000		84,025
Getac Holdings		94,000		301,361
ITE Technology		34,000		172,784
L&K Engineering		52,000		428,998
Liton Technology		58,000		66,247
Lotes		3,000		131,412


COMMON STOCK — continued

	Shares		Value
TAIWAN — continued
M31 Technology		2,300	$	83,713
Makalot Industrial		5,000		59,865
Merry Electronics		18,000		66,550
Nan Pao Resins Chemical		32,000		347,745
Pan German Universal Motors		18,000		182,765
Pegavision		3,000		48,019
Topkey		14,000		84,460

				3,485,053

THAILAND — 0.7%
Exotic Food, Cl F		53,300		43,865
Ichitan Group		506,700		246,621
R&B Food Supply		187,200		56,324
Sappe		109,800		288,099

				634,909


TURKEY — 0.5%
Emlak Konut Gayrimenkul Yatirim Ortakligi *‡		140,022		42,091
Mavi Giyim Sanayi Ve Ticaret, Cl B		48,334		138,091
Sok Marketler Ticaret		83,726		150,173
Torunlar Gayrimenkul Yatirim Ortakligi ‡		74,011		103,073

				433,428

UNITED KINGDOM — 9.9%
4imprint Group		6,839		529,671
Bloomsbury Publishing		4,265		28,518
Bodycote		7,880		67,922
Britvic		11,769		130,055
Coats Group		898,722		911,862
Craneware		23,400		624,094
Cranswick		1,415		76,151
Currys *		137,138		106,030
CVS Group		55,476		680,052
Darktrace *		5,022		37,566
Domino’s Pizza Group		48,248		195,998
Games Workshop Group		2,913		360,777
Hammerson ‡		245,138		83,322
Harbour Energy		27,575		98,743
IMI		12,150		265,210
Investec		47,629		302,322
J D Wetherspoon *		5,458		49,514
Johnson Service Group		91,186		147,325
Man Group		80,456		258,550
Marks & Spencer Group		66,937		213,700
Mitchells & Butlers *		17,215		51,940
Mitie Group		26,539		38,600
OSB Group		33,487		171,833
Paragon Banking Group		11,440		102,235
Pets at Home Group		10,504		38,432
Safestore Holdings ‡		56,354		544,260
Savills		106,074		1,436,599

The accompanying notes are an integral part of the financial statements.

CATHOLIC RESPONSIBLE INVESTMENTS INTERNATIONAL SMALL-CAP FUND

APRIL 30, 2024 (Unaudited)


COMMON STOCK — continued

	Shares		Value
UNITED KINGDOM — continued
Serco Group		82,659	$	188,912
Subsea 7		20,997		338,842
Tate & Lyle		43,110		354,177
Virgin Money UK		23,278		62,022
Yu Group		4,912		113,170

				8,608,404

UNITED STATES — 3.4%
JS Global Lifestyle		330,500		63,744
MDA *		8,245		85,340
Ormat Technologies		14,072		893,475
Reliance Worldwide		197,000		648,168
Samsonite International *		357,305		1,256,407

				2,947,134

Total Common Stock (Cost $77,402,739)				85,227,032


PREFERRED STOCK — 0.3%


GERMANY — 0.1%
Schaeffler(B)		4,763	$	27,925


BRAZIL — 0.2%
Cia de Saneamento do Parana(B)		198,900		199,549

Total Preferred Stock (Cost $190,128)				227,474


SHORT-TERM INVESTMENT — 1.3%

State Street Institutional US Government Money Market Fund, Premier Class, 5.300%, (C) (Cost $1,143,422)		1,143,422	$	1,143,422

Total Short-Term Investment (Cost $1,143,422)				1,143,422

Total Investments in Securities— 99.7% (Cost $78,736,289)				$86,597,928

Percentages are based on Net Assets of $86,876,630.

*	Non-income producing security.

‡	Real Estate Investment Trust.

(A)	This security or a partial position of this security is on loan at April 30, 2024. The total market value of securities on loan at April 30, 2024 was $1,088,157.

(B)	There is currently no rate available.

(C)	This security was purchased with cash collateral received from securities lending. The total was of such securities as of April 30, 2024, was $1,143,422.

ADR — American Depositary Receipt

Cl — Class

REIT — Real Estate Investment Trust

SGPS — Sociedade Gestora de Participaçőes Sociais (holding company)

The accompanying notes are an integral part of the financial statements.

CATHOLIC RESPONSIBLE INVESTMENTS INTERNATIONAL SMALL-CAP FUND

APRIL 30, 2024 (Unaudited)

The following is a summary of the inputs used as of April 30, 2024, in valuing the Fund’s investments carried at market value:


Investments in Securities	Level 1		Level 2		Level 3		Total
Common Stock
Australia	$	–	$	5,335,144	$	–	$	5,335,144
Austria		22,227		1,894,292		–		1,916,519
Belgium		–		324,638		–		324,638
Brazil		381,557		–		–		381,557
Canada		2,903,976		–		–		2,903,976
China		217,377		2,058,954		–		2,276,331
Denmark		–		1,362,284		–		1,362,284
Egypt		–		50,522		–		50,522
Finland		–		188,946		–		188,946
France		–		5,372,523		–		5,372,523
Georgia		193,139		–		–		193,139
Germany		–		1,913,356		–		1,913,356
Greece		–		271,713		–		271,713
Hong Kong		–		781,836		–		781,836
Hungary		–		240,770		–		240,770
India		–		2,862,875		–		2,862,875
Indonesia		–		175,747		–		175,747
Ireland		115,321		318,886		–		434,207
Israel		206,672		273,261		–		479,933
Italy		–		3,039,173		–		3,039,173
Japan		–		22,291,439		–		22,291,439
Luxembourg		–		1,444,276		–		1,444,276
Malaysia		–		860,810		–		860,810
Mauritius		–		99,051		–		99,051
Mexico		19,799		–		–		19,799
Netherlands		–		279,991		–		279,991
Norway		213,100		1,954,333		–		2,167,433
Philippines		25,589		105,767		–		131,356
Poland		223,247		27,120		–		250,367
Portugal		–		194,545		–		194,545
Saudi Arabia		–		60,158		–		60,158
Singapore		105,958		–		–		105,958
South Africa		195,235		48,615		–		243,850
South Korea		–		2,222,010		–		2,222,010
Spain		–		2,407,899		–		2,407,899
Sweden		–		2,992,295		–		2,992,295
Switzerland		–		2,841,678		–		2,841,678
Taiwan		–		3,485,053		–		3,485,053
Thailand		43,865		591,044		–		634,909
Turkey		138,091		295,337		–		433,428
United Kingdom		1,533,780		7,074,624		–		8,608,404
United States		85,340		2,861,794		–		2,947,134

Total Common Stock		6,624,273		78,602,759		–		85,227,032

Preferred Stock		199,549		27,925		–		227,474
Short-Term Investment		1,143,422		–		–		1,143,422

Total Investments in Securities	$	7,967,244	$	78,630,684	$	–	$	86,597,928

Amounts designated as “–” are $0 or have been round to $0.

For more information on valuation inputs, see Note 2 — Significant Accounting Policies in the Notes to Financial Statements.

The accompanying notes are an integral part of the financial statements.

CATHOLIC RESPONSIBLE INVESTMENTS MAGNUS 45/55 FUND

APRIL 30, 2024 (Unaudited)

SECTOR WEIGHTINGS^†

LOGO

† Percentages are based on total investments. Total investments do not include derivatives such as options, futures contracts, forward contracts, and swap contracts, if applicable.


SCHEDULE OF INVESTMENTS OPEN-END MUTUAL FUNDS — 99.7%

	Shares		Value
Catholic Responsible Investments Bond Fund†		3,769,200		$ 30,869,744
Catholic Responsible Investments Equity Index Fund†		2,876,562		31,642,181
Catholic Responsible Investments International Equity Fund†		1,129,644		11,014,032
Catholic Responsible Investments International Small-Cap Fund†		280,662		2,666,291
Catholic Responsible Investments Multi-Style US Equity Fund†		880,827		9,310,338
Catholic Responsible Investments Opportunistic Bond Fund†		1,850,417		16,783,279
Catholic Responsible Investments Short Duration Bond Fund†		1,804,279		17,140,654
Catholic Responsible Investments Small-Cap Fund†		584,367		5,341,116


Total Open-End Mutual Funds (Cost $112,497,128)				124,767,635

Total Investments in Securities— 99.7% (Cost $112,497,128)				$124,767,635

Percentages

are based on Net Assets of $125,156,001.

†	Investment in Affiliated Security.

For more information on valuation inputs, see Note 2 — Significant Accounting Policies in the Notes to Financial Statements.

The accompanying notes are an integral part of the financial statements.

CATHOLIC RESPONSIBLE INVESTMENTS MAGNUS 45/55 FUND

APRIL 30, 2024 (Unaudited)

The following is a summary of the transactions with affiliates for the period ended April 30, 2024:



Security Description	Value 10/31/2023			Purchases at Cost			Proceeds from Sales			Realized Gain (Loss)			Change in Unrealized Appreciation (Depreciation)			Value 4/30/2024			Income			Capital Gains
Catholic Responsible Investments Bond Fund		$	30,189,119		$	1,114,627		$	(1,394,880)		$	(258,659)		$	1,219,537		$	30,869,744		$	695,294		$	—
Catholic Responsible Investments Equity Index Fund			26,745,411			558,875			(1,128,585)			82,983			5,383,497			31,642,181			219,597			—
Catholic Responsible Investments International Equity Fund			9,510,953			207,171			(456,506)			23,056			1,729,358			11,014,032			69,935			—
Catholic Responsible Investments International Small-Cap Fund			2,298,160			50,073			(114,127)			5,528			426,657			2,666,291			15,763			—
Catholic Responsible Investments Multi-Style US Equity Fund			8,000,250			135,327			(355,060)			40,066			1,489,755			9,310,338			28,587			—
Catholic Responsible Investments Opportunistic Bond Fund			16,541,125			620,413			(697,440)			(43,898)			363,079			16,783,279			410,746			—
Catholic Responsible Investments Short Duration Bond Fund			17,129,576			579,196			(697,440)			(38,187)			167,509			17,140,654			369,530			—
Catholic Responsible Investments Small-Cap Fund			4,649,617			112,157			(228,253)			8,865			798,730			5,341,116			43,538			—


Totals		$	115,064,211		$	3,377,839		$	(5,072,291)		$	(180,246)		$	11,578,122		$	124,767,635		$	1,852,990		$	—

Amounts designated as “–” are $0.

The accompanying notes are an integral part of the financial statements.

CATHOLIC RESPONSIBLE INVESTMENTS MAGNUS 60/40 ALPHA PLUS FUND

APRIL 30, 2024 (Unaudited)

SECTOR WEIGHTINGS^†

LOGO

† Percentages are based on total investments. Total investments do not include derivatives such as options, futures contracts, forward contracts, and swap contracts, if applicable.


SCHEDULE OF INVESTMENTS
OPEN-END MUTUAL FUNDS — 99.9%

	Shares		Value
Catholic Responsible Investments Bond Fund†		25,543,782	$	209,203,573
Catholic Responsible Investments Equity Index Fund†		19,844,524		218,289,761
Catholic Responsible Investments International Equity Fund†		14,243,052		138,869,756
Catholic Responsible Investments International Small-Cap Fund†		3,655,959		34,731,609
Catholic Responsible Investments Multi-Style US Equity Fund†		30,062,794		317,763,736
Catholic Responsible Investments Opportunistic Bond Fund†		12,610,687		114,378,931
Catholic Responsible Investments Short Duration Bond Fund†		12,255,796		116,430,062
Catholic Responsible Investments Small-Cap Fund†		7,385,473		67,503,220


Total Open-End Mutual Funds (Cost $1,052,349,416)				1,217,170,648

Total Investments in Securities— 99.9% (Cost $1,052,349,416)			$	1,217,170,648

Percentages are based on Net Assets of $1,217,955,501.

†	Investment in Affiliated Security.

For more information on valuation inputs, see Note 2 — Significant Accounting Policies in the Notes to Financial Statements.

The accompanying notes are an integral part of the financial statements.

CATHOLIC RESPONSIBLE INVESTMENTS MAGNUS 60/40 ALPHA PLUS FUND

APRIL 30, 2024 (Unaudited)

The following is a summary of the transactions with affiliates for the period ended April 30, 2024:



Security Description	Value 10/31/2023			Purchases at Cost			Proceeds from Sales			Realized Gain (Loss)			Change in Unrealized Appreciation (Depreciation)			Value 4/30/2024			Income			Capital Gains
Catholic Responsible Investments Bond Fund		$	193,701,902		$	12,674,479		$	(3,095,968)		$	(611,620)		$	6,534,780		$	209,203,573		$	4,603,501		$	—
Catholic Responsible Investments Equity Index Fund			176,632,656			7,547,040			(2,321,976)			60,086			36,371,955			218,289,761			1,493,807			—
Catholic Responsible Investments International Equity Fund			113,882,934			5,707,476			(1,857,581)			(72,564)			21,209,491			138,869,756			864,889			—
Catholic Responsible Investments International Small-Cap Fund			28,380,134			1,410,922			(464,395)			(23,693)			5,428,641			34,731,609			200,276			—
Catholic Responsible Investments Multi-Style US Equity Fund			260,607,295			10,644,658			(3,715,161)			125,477			50,101,467			317,763,736			959,484			—
Catholic Responsible Investments Opportunistic Bond Fund			107,133,601			6,774,633			(1,547,984)			(145,751)			2,164,432			114,378,931			2,739,144			—
Catholic Responsible Investments Short Duration Bond Fund			110,684,491			6,493,472			(1,547,984)			(87,118)			887,201			116,430,062			2,457,983			—
Catholic Responsible Investments Small-Cap Fund			55,690,060			2,962,508			(928,790)			(68,285)			9,847,727			67,503,220			541,214			—


Totals		$	1,046,713,073		$	54,215,188		$	(15,479,839)		$	(823,468)		$	132,545,694		$	1,217,170,648		$	13,860,298		$	—

Amounts designated as “–” are $0.

The accompanying notes are an integral part of the financial statements.

CATHOLIC RESPONSIBLE INVESTMENTS MAGNUS 60/40 BETA PLUS FUND

APRIL 30, 2024 (Unaudited)

SECTOR WEIGHTINGS^†

LOGO

† Percentages are based on total investments. Total investments do not include derivatives such as options, futures contracts, forward contracts, and swap contracts, if applicable.


SCHEDULE OF INVESTMENTS
OPEN-END MUTUAL FUNDS — 99.9%

	Shares		Value
Catholic Responsible Investments Bond Fund†		10,544,050	$	86,355,773
Catholic Responsible Investments Equity Index Fund†		16,880,361		185,683,973
Catholic Responsible Investments International Equity Fund†		5,741,975		55,984,256
Catholic Responsible Investments International Small-Cap Fund†		1,498,053		14,231,503
Catholic Responsible Investments Opportunistic Bond Fund†		4,834,635		43,850,142
Catholic Responsible Investments Short Duration Bond Fund†		4,606,967		43,766,187
Catholic Responsible Investments Small-Cap Fund†		3,004,487		27,461,009


Total Open-End Mutual Funds (Cost $383,690,080)				457,332,843

Total Investments in Securities— 99.9% (Cost $383,690,080)			$	457,332,843

Percentages are based on Net Assets of $457,809,252.

†	Investment in Affiliated Security.

For more information on valuation inputs, see Note 2 — Significant Accounting Policies in the Notes to Financial Statements.

The accompanying notes are an integral part of the financial statements.

CATHOLIC RESPONSIBLE INVESTMENTS MAGNUS 60/40 BETA PLUS FUND

APRIL 30, 2024 (Unaudited)

The following is a summary of the transactions with affiliates for the period ended April 30, 2024:



Security Description	Value 10/31/2023			Purchases at Cost			Proceeds from Sales			Realized Gain (Loss)			Change in Unrealized Appreciation (Depreciation)			Value 4/30/2024			Income			Capital Gains
Catholic Responsible Investments Bond Fund		$	76,686,178		$	9,561,980		$	(2,172,685)		$	(409,005)		$	2,689,305		$	86,355,773		$	1,885,094		$	—
Catholic Responsible Investments Equity Index Fund			164,920,038			4,037,107			(15,535,268)			1,536,445			30,725,651			185,683,973			1,271,508			—
Catholic Responsible Investments International Equity Fund			44,964,418			3,917,916			(1,303,611)			(50,872)			8,456,405			55,984,256			348,322			—
Catholic Responsible Investments International Small-Cap Fund			10,763,272			1,656,420			(325,903)			(15,110)			2,152,824			14,231,503			81,853			—
Catholic Responsible Investments Opportunistic Bond Fund			42,307,503			1,831,726			(1,086,342)			(103,268)			900,523			43,850,142			1,053,885			—
Catholic Responsible Investments Short Duration Bond Fund			43,969,582			1,640,012			(2,168,824)			(127,342)			452,759			43,766,187			930,884			—
Catholic Responsible Investments Small-Cap Fund			21,684,821			2,618,861			(651,807)			(38,038)			3,847,172			27,461,009			220,184			—


Totals		$	405,295,812		$	25,264,022		$	(23,244,440)		$	792,810		$	49,224,639		$	457,332,843		$	5,791,730		$	—

Amounts designated as “–” are $0.

The accompanying notes are an integral part of the financial statements.

CATHOLIC RESPONSIBLE INVESTMENTS MAGNUS 75/25 FUND

APRIL 30, 2024 (Unaudited)

SECTOR WEIGHTINGS^†

LOGO

† Percentages are based on total investments. Total investments do not include derivatives such as options, futures contracts, forward contracts, and swap contracts, if applicable.


SCHEDULE OF INVESTMENTS
OPEN-END MUTUAL FUNDS — 99.8%

	Shares		Value
Catholic Responsible Investments Bond Fund†		4,181,032	$	34,242,654
Catholic Responsible Investments Equity Index Fund†		9,223,453		101,457,984
Catholic Responsible Investments International Equity Fund†		4,518,070		44,051,182
Catholic Responsible Investments International Small-Cap Fund†		1,179,988		11,209,885
Catholic Responsible Investments Multi-Style US Equity Fund†		4,193,388		44,324,113
Catholic Responsible Investments Opportunistic Bond Fund†		1,898,249		17,217,122
Catholic Responsible Investments Short Duration Bond Fund†		1,797,044		17,071,914
Catholic Responsible Investments Small-Cap Fund†		2,384,707		21,796,225


Total Open-End Mutual Funds (Cost $235,859,653)				291,371,079

Total Investments in Securities— 99.8% (Cost $235,859,653)				$291,371,079

Percentages are based on Net Assets of $291,846,844.

†	Investment in Affiliated Security.

For more information on valuation inputs, see Note 2 — Significant Accounting Policies in the Notes to Financial Statements.

The accompanying notes are an integral part of the financial statements.

CATHOLIC RESPONSIBLE INVESTMENTS MAGNUS 75/25 FUND

APRIL 30, 2024 (Unaudited)

The following is a summary of the transactions with affiliates for the period ended April 30, 2024:



Security Description	Value 10/31/2023			Purchases at Cost			Proceeds from Sales			Realized Gain (Loss)			Change in Unrealized Appreciation (Depreciation)			Value 4/30/2024			Income			Capital Gains
Catholic Responsible Investments Bond Fund		$	30,394,074		$	3,397,411		$	(490,037)		$	(92,645)		$	1,033,851		$	34,242,654		$	758,233		$	—
Catholic Responsible Investments Equity Index Fund			90,880,592			1,187,340			(8,291,930)			986,179			16,695,803			101,457,984			695,387			—
Catholic Responsible Investments International Equity Fund			34,980,339			3,015,262			(588,043)			6,225			6,637,399			44,051,182			274,410			—
Catholic Responsible Investments International Small-Cap Fund			8,443,839			1,202,818			(147,010)			1,688			1,708,550			11,209,885			64,573			—
Catholic Responsible Investments Multi-Style US Equity Fund			37,191,299			619,405			(588,044)			20,907			7,080,546			44,324,113			133,963			—
Catholic Responsible Investments Opportunistic Bond Fund			16,786,654			505,962			(392,541)			(38,874)			355,921			17,217,122			414,860			—
Catholic Responsible Investments Short Duration Bond Fund			17,441,741			453,651			(951,126)			(61,150)			188,798			17,071,914			362,549			—
Catholic Responsible Investments Small-Cap Fund			17,199,505			1,777,162			(294,021)			(13,304)			3,126,883			21,796,225			174,939			—


Totals		$	253,318,043		$	12,159,011		$	(11,742,752)		$	809,026		$	36,827,751		$	291,371,079		$	2,878,914		$	—

Amounts designated as “–” are $0.

The accompanying notes are an integral part of the financial statements.

CATHOLIC RESPONSIBLE INVESTMENTS

APRIL 30, 2024 (Unaudited)



STATEMENTS OF ASSETS AND LIABILITIES

	Catholic Responsible Investments Ultra Short Bond Fund		Catholic Responsible Investments Short Duration Bond Fund			Catholic Responsible Investments Bond Fund			Catholic Responsible Investments Opportunistic Bond Fund

Assets:
Investments, at Value (Cost $52,251,516, $480,405,146, $2,075,293,984 and $579,105,492)	$	52,275,049	$	474,662,984		$	1,938,821,811	^*	$	570,232,286^*
Repurchase Agreements, at Value (Cost $5,900,000, $1,400,000, $– and $–)		5,900,000		1,400,000			–			–
Dividend and Interest Receivable		78,733		3,545,104			12,941,024			3,113,798
Receivable for Capital Shares Sold		2,702		67,705			998,296			52,690
Receivable for Investment Securities Sold		–		–			3,315,231			10,895,748
Cash and Cash Equivalents		–		195,313			39,634,140			11,841,808
Cash Pledged as Collateral for Futures Contracts		–		–			6,494,533			1,574,943
Prepaid Expenses		17,403		12,860			25,613			24,060

Total Assets		58,273,887		479,883,966			2,002,230,648			597,735,333

Liabilities:
Payable for Investment Securities Purchased		1,110,070		1,765,000			18,798,648			14,433,638
Payable for Capital Shares Redeemed		400,015		14,270			230,617			8,380
Due to Custodian		167,660		–			–			–
Payable Due to Adviser		1,892		112,672			488,737			162,882
Chief Compliance Officer Fees Payable		1,107		2,268			4,185			3,722
Payable Due to Administrator		358		6,812			31,395			8,504
Payable Upon Return of Securities Loaned		–		–			902,396			101,750
Shareholder Servicing		–		–			13,126			12,511
Payable for Variation Margin		–		90,281			–			–
Other Accrued Expenses		29,638		34,803			83,207			43,512

Total Liabilities		1,710,740		2,026,106			20,552,311			14,774,899

Commitments and Contingencies ^†
Net Assets	$	56,563,147	$	477,857,860		$	1,981,678,337		$	582,960,434

Net Assets Consist of:
Paid-in Capital	$	56,441,813	$	504,714,333		$	2,280,163,491		$	630,015,147
Total Distributable Earnings (Accumulated Losses)		121,334		(26,856,473	)		(298,485,154	)		(47,054,713)

Net Assets	$	56,563,147	$	477,857,860		$	1,981,678,337		$	582,960,434


Institutional Shares:
Net Assets	$	56,563,147	$	477,857,860		$	1,912,873,844		$	531,112,968
Outstanding Shares of Beneficial Interest (Unlimited Authorization - No Par Value)		5,645,387		50,274,963			233,404,286			58,564,652
Net Asset Value, Offering and Redemption Price Per Share	$	10.02	$	9.50		$	8.20		$	9.07

Investor Shares:
Net Assets	$	N/A	$	N/A		$	68,804,493		$	51,847,466
Outstanding Shares of Beneficial Interest (Unlimited Authorization - No Par Value)		N/A		N/A			8,397,585			5,716,592
Net Asset Value, Offering and Redemption Price Per Share	$	N/A	$	N/A		$	8.19		$	9.07


^† See Note 5 in the Notes to Financial Statements

* Includes Market Value of Securities on Loan	$	–	$	–		$	884,629		$	99,584

Amounts designated as “—” are $0.

The accompanying notes are an integral part of the financial statements.

CATHOLIC RESPONSIBLE INVESTMENTS

APRIL 30, 2024 (Unaudited)



STATEMENTS OF ASSETS AND LIABILITIES

	Catholic Responsible Investments Equity Index Fund		Catholic Responsible Investments Small-Cap Fund			Catholic Responsible Investments Multi-Style US Equity Fund			Catholic Responsible Investments International Equity Fund			Catholic Responsible Investments International Small-Cap Fund


Assets:
Investments, at Value (Cost $1,835,549,185, $416,546,452, $659,224,914, $1,148,429,287 and $78,736,289)	$	3,557,801,399	$	496,842,940	^*	$	809,860,291	*	$	1,399,862,792	^*	$	86,597,928*
Foreign Currency, at Value (Cost $–, $–, $–, $3,689,028 and $104,809)		–		–			–			3,790,369			116,368
Receivable for Investment Securities Sold		14,564,574		–			915,712			3,141,790			221,692
Dividend and Interest Receivable		1,924,720		297,111			297,861			4,021,498			392,667
Cash Pledged as Collateral for Futures Contracts		511,681		577,799			–			–			–
Receivable for Capital Shares Sold		298,948		71,972			6,492			1,112,031			812
Reclaim Receivable		79,428		–			103,267			2,388,102			202,193
Cash and Cash Equivalents		–		7,695,325			18,990,709			16,437,258			824,015
Unrealized Appreciation on Spot Currency Contracts		–		–			–			–			419
Due from Chief Compliance Officer		1,488		–			–			–			–
Prepaid Expenses		17,954		62,158			24,146			23,321			14,279

Total Assets		3,575,200,192		505,547,305			830,198,478			1,430,777,161			88,370,373

Liabilities:
Due to Custodian		2,401,911		–			–			–			–
Payable for Capital Shares Redeemed		769,485		4,561			64,174			682,594			1,371
Payable Due to Adviser		137,717		83,732			412,285			855,743			66,181
Payable Due to Administrator		60,581		7,918			12,882			22,727			390
Payable for Investment Securities Purchased		–		232,901			3,924,192			1,812,312			74,734
Payable Upon Return of Securities Loaned		–		3,884,406			6,652,379			26,576,890			1,143,422
Shareholder Servicing		–		–			6,109			11,659			–
Chief Compliance Officer Fees Payable		–		759			3,533			3,103			2,587
Unrealized Depreciation on Spot Currency Contracts		–		–			–			801			–
Accrued Foreign Capital Gains Tax on Appreciated
Securities		–		–			–			1,839,185			160,685
Payable for Variation Margin		–		8,460			–			–			–
Other Accrued Expenses		257,873		28,639			27,828			81,680			44,373

Total Liabilities		3,627,567		4,251,376			11,103,382			31,886,694			1,493,743

Commitments and Contingencies ^†
Net Assets	$	3,571,572,625	$	501,295,929		$	819,095,096		$	1,398,890,467		$	86,876,630

Net Assets Consist of:
Paid-in Capital	$	1,882,933,026	$	434,265,939		$	686,031,879		$	1,135,356,545		$	84,766,971
Total Distributable Earnings		1,688,639,599		67,029,990			133,063,217			263,533,922			2,109,659

Net Assets	$	3,571,572,625	$	501,295,929		$	819,095,096		$	1,398,890,467		$	86,876,630

Institutional Shares:
Net Assets	$	3,571,572,625	$	501,295,929		$	775,323,978		$	1,332,079,221		$	86,876,630
Outstanding Shares of Beneficial Interest (Unlimited Authorization - No Par Value)		324,765,155		54,837,768			73,321,744			136,554,018			9,145,039
Net Asset Value, Offering and Redemption Price Per Share	$	11.00	$	9.14		$	10.57		$	9.75		$	9.50

Investor Shares:
Net Assets	$	N/A	$	N/A		$	43,771,118		$	66,811,246		$	N/A
Outstanding Shares of Beneficial Interest (Unlimited Authorization - No Par Value)		N/A		N/A			4,139,116			6,844,813			N/A
Net Asset Value, Offering and Redemption Price Per Share	$	N/A	$	N/A		$	10.57		$	9.76		$	N/A


^† See Note 5 in the Notes to Financial Statements

* Includes Market Value of Securities on Loan	$	–	$	3,804,349		$	6,466,352		$	25,121,752		$	1,088,157

Amounts designated as “—” are $0.

The accompanying notes are an integral part of the financial statements.

CATHOLIC RESPONSIBLE INVESTMENTS

APRIL 30, 2024 (Unaudited)



STATEMENTS OF ASSETS AND LIABILITIES

	Catholic Responsible Investments Magnus 45/55 Fund		Catholic Responsible Investments Magnus 60/40 Alpha Plus Fund		Catholic Responsible Investments Magnus 60/40 Beta Plus Fund		Catholic Responsible Investments Magnus 75/25 Fund


Assets:
Affiliated Investments, at Value (Cost $112,497,128, $1,052,349,416, $383,690,080 and $235,859,653)	$	124,767,635	$	1,217,170,648	$	457,332,843	$	291,371,079
Cash and Cash Equivalents		370,377		803,159		467,130		460,379
Due from Adviser		10,338		13,433		11,346		14,290
Receivable for Investment Securities Sold		8,001		17,148		10,772		–
Dividend and Interest Receivable		1,466		3,183		1,850		1,785
Receivable for Capital Shares Sold		–		27,050		–		–
Prepaid Expenses		19,060		20,629		21,914		23,198

Total Assets		125,176,877		1,218,055,250		457,845,855		291,870,731

Liabilities:
Audit Fees Payable		6,320		6,320		6,319		6,319
Shareholder Servicing		5,005		49,490		18,134		5,604
Transfer Agent Fee Payable		1,847		2,907		2,177		1,991
Chief Compliance Officer Fees Payable		1,053		260		802		932
Payable for Investment Securities Purchased		–		27,050		–		–
Other Accrued Expenses		6,651		13,722		9,171		9,041

Total Liabilities		20,876		99,749		36,603		23,887

Commitments and Contingencies ^†
Net Assets	$	125,156,001	$	1,217,955,501	$	457,809,252	$	291,846,844

Net Assets Consist of:
Paid-in Capital	$	114,115,624	$	1,052,560,399	$	384,016,894	$	234,999,684
Total Distributable Earnings		11,040,377		165,395,102		73,792,358		56,847,160

Net Assets	$	125,156,001	$	1,217,955,501	$	457,809,252	$	291,846,844


Institutional Shares:
Net Assets	$	90,323,152	$	863,192,306	$	327,124,939	$	251,407,492
Outstanding Shares of Beneficial Interest (Unlimited Authorization - No Par Value)		9,374,490		88,127,724		33,140,969		25,274,263
Net Asset Value, Offering and Redemption Price Per Share	$	9.63	$	9.79	$	9.87	$	9.95

Investor Shares:
Net Assets	$	34,832,849	$	354,763,195	$	130,684,313	$	40,439,352
Outstanding Shares of Beneficial Interest (Unlimited Authorization - No Par Value)		3,616,567		36,233,289		13,241,597		4,068,162
Net Asset Value, Offering and Redemption Price Per Share	$	9.63	$	9.79	$	9.87	$	9.94

^† See Note 5 in the Notes to Financial Statements

Amounts designated as “—” are $0

The accompanying notes are an integral part of the financial statements.

CATHOLIC RESPONSIBLE INVESTMENTS

FOR THE PERIOD ENDED

APRIL 30, 2024 (Unaudited)



STATEMENTS OF OPERATIONS

	Catholic Responsible Investments Ultra Short Bond Fund			Catholic Responsible Investments Short Duration Bond Fund			Catholic Responsible Investments Bond Fund			Catholic Responsible Investments Opportunistic Bond Fund
Investment Income:
Dividend Income	$	–		$	–		$	165,590		$	–
Interest Income		1,691,160			11,216,584			46,719,671			14,834,165
Income from Securities Lending		–			–			2,724			–
Total Investment Income		1,691,160			11,216,584			46,887,985			14,834,165

Expenses:
Investment Advisory Fees		75,331			717,626			2,917,588			976,887
Trustees’ Fees		6,098			12,196			24,391			18,293
Administration Fees		2,713			40,187			193,663			57,833
Chief Compliance Officer Fees		1,563			3,085			6,424			4,397
Shareholder Servicing Fees		–			–			50,928			29,816
Pricing Fees		18,946			37,115			75,668			32,635
Transfer Agent Fees		14,881			10,823			23,772			18,853
Registration Fees		13,579			12,696			65,501			22,415
Audit Fees		8,204			8,204			10,198			9,757
Custodian Fees		5,799			679			18,225			4,136
Legal Fees		5,506			11,012			22,025			16,519
Printing Fees		1,334			3,506			14,302			4,039
Other Expenses		5,429			9,906			20,873			12,882

Total Expenses		159,383			867,035			3,443,558			1,208,462
Less:
Waiver of Investment Advisory Fees		(53,917	)		(29,849	)		–			(24,663	)
Waiver of Administration Fees		–			–			(12,929	)		(9,697	)
Net Expenses		105,466			837,186			3,430,629			1,174,102

Net Investment Income		1,585,694			10,379,398			43,457,356			13,660,063

Net Realized Gain (Loss) on:

Investments		173			(1,826,450	)		(9,542,864	)		(2,761,040	)
Futures Contracts		–			(101,953	)		(602,714	)		(166,780	)

Net Realized Gain (Loss)		173			(1,928,403	)		(10,145,578	)		(2,927,820	)

Net Change in Unrealized Appreciation (Depreciation) on:
Investments		(7,877	)		6,123,175			60,921,645			12,267,988
Futures Contracts		–			(412,720	)		1,060,009			(193,404	)
Net Change in Unrealized Appreciation (Depreciation)		(7,877	)		5,710,455			61,981,654			12,074,584

Net Realized and Unrealized Gain (Loss)		(7,704	)		3,782,052			51,836,076			9,146,764

Net Increase in Net Assets Resulting from Operations	$	1,577,990		$	14,161,450		$	95,293,432		$	22,806,827

Amounts designated as “—” are $0.

The accompanying notes are an integral part of the financial statements.

CATHOLIC RESPONSIBLE INVESTMENTS

FOR THE PERIOD ENDED

APRIL 30, 2024 (Unaudited)



STATEMENTS OF OPERATIONS

	Catholic Responsible Investments Equity Index Fund			Catholic Responsible Investments Small-Cap Fund			Catholic Responsible Investments Multi-Style US Equity Fund			Catholic Responsible Investments International Equity Fund			Catholic Responsible Investments International Small-Cap Fund
Investment Income:
Dividend Income	$	25,853,007		$	4,548,093		$	4,481,683		$	14,933,299		$	1,093,517
Interest Income		266,997			157,808			483,099			784,689			28,216
Income from Securities Lending		5,156			49,742			13,648			47,455			4,258
Less: Foreign Taxes Withheld		–			(5,047	)		(13,719	)		(1,261,958	)		(103,971)
Total Investment Income		26,125,160			4,750,596			4,964,711			14,503,485			1,022,020

Expenses:
Investment Advisory Fees		1,055,258			498,492			2,432,108			5,038,090			402,536
Administration Fees		342,069			48,636			82,484			135,705			8,171
Trustees’ Fees		6,098			6,098			18,293			18,293			12,196
Chief Compliance Officer Fees		3,438			1,813			4,533			4,844			2,854
Shareholder Servicing Fees		–			–			34,082			41,934			–
Rating Fees		260,780			74,607			–			–			–
Registration Fees		36,907			18,012			19,270			25,372			11,073
Printing Fees		25,701			3,645			5,813			9,919			611
Transfer Agent Fees		19,911			11,428			18,340			21,966			8,675
Custodian Fees		18,217			14,863			7,402			113,815			48,969
Pricing Fees		9,935			3,756			3,687			7,223			4,826
Audit Fees		7,170			8,847			8,204			9,757			7,561
Legal Fees		5,506			5,506			16,519			16,519			11,013
Other Expenses		17,387			6,200			13,748			18,418			8,873

Total Expenses		1,808,377			701,903			2,664,483			5,461,855			527,358
Less:
Waiver of Investment Advisory Fees		(222,215	)		–			–			–			(38,681)
Waiver of Administration Fees		(3,232	)		(3,232	)		(9,697	)		(9,697	)		(6,465)
Net Expenses		1,582,930			698,671			2,654,786			5,452,158			482,212

Net Investment Income		24,542,230			4,051,925			2,309,925			9,051,327			539,808

Net Realized Gain (Loss) on:
Investments		23,793,021			11,859,024			21,276,453			43,023,589			1,373,325
Futures Contracts		1,700,977			1,115,153			–			–			–
Accrued Foreign Capital Gains Tax		–			–			–			(35,042	)		(33,141)
Forward Foreign Currency Contracts and Foreign Currency Transactions		–			–			–			(189,121	)		(24,014	)
Net Realized Gain (Loss)		25,493,998			12,974,177			21,276,453			42,799,426			1,316,170
Net Change in Unrealized Appreciation (Depreciation) on:
Investments		598,242,362			61,759,846			114,354,797			177,147,664			12,490,540
Futures Contracts		(91,342	)		(393,920	)		–			–			–
Accrued Foreign Capital Gains Tax on Appreciated Securities		–			–			–			(1,839,185	)		(160,685)
Translation of Other Assets and Liabilities Denominated in Foreign Currencies		–			–			–			75,668			(2,586)

Net Change in Unrealized Appreciation (Depreciation)		598,151,020			61,365,926			114,354,797			175,384,147			12,327,269

Net Realized and Unrealized Gain		623,645,018			74,340,103			135,631,250			218,183,573			13,643,439

Net Increase in Net Assets Resulting from Operations	$	648,187,248		$	78,392,028		$	137,941,175		$	227,234,900		$	14,183,247

Amounts designated as “—” are $0.

The accompanying notes are an integral part of the financial statements.

CATHOLIC RESPONSIBLE INVESTMENTS

FOR THE PERIOD ENDED

APRIL 30, 2024 (Unaudited)


STATEMENTS OF OPERATIONS

	Catholic Responsible Investments Magnus 45/55 Fund			Catholic Responsible Investments Magnus 60/40 Alpha Plus Fund			Catholic Responsible Investments Magnus 60/40 Beta Plus Fund			Catholic Responsible Investments Magnus 75/25 Fund
Investment Income:
Affiliated Dividend Income	$	1,852,990		$	13,860,298		$	5,791,730		$	2,878,912
Interest Income		8,260			18,517			10,522			9,936
Total Investment Income		1,861,250			13,878,815			5,802,252			2,888,848

Expenses:
Shareholder Servicing Fees		26,448			260,969			95,951			29,368
Trustees’ Fees		6,098			6,098			6,098			6,098
Chief Compliance Officer Fees		1,601			2,175			1,782			1,689
Registration Fees		19,185			20,382			21,065			42,189
Transfer Agent Fees		16,419			19,512			17,342			16,833
Audit Fees		7,170			7,169			7,169			7,170
Legal Fees		5,506			5,506			5,506			5,506
Printing Fees		917			8,632			3,244			2,068
Pricing Fees		212			1,407			600			375
Custodian Fees		9			9			9			9
Other Expenses		5,677			9,022			6,497			5,744

Total Expenses		89,242			340,881			165,263			117,049

Less:
Waiver of Expenses		(62,793	)		(79,910	)		(69,313	)		(87,679	)
Net Expenses		26,449			260,971			95,950			29,370

Net Investment Income		1,834,801			13,617,844			5,706,302			2,859,478

Net Realized Gain (Loss) on:
Affiliated Investments		(180,245	)		(823,466	)		792,810			809,029

Net Realized Gain (Loss)		(180,245	)		(823,466	)		792,810			809,029

Net Change in Unrealized Appreciation (Depreciation) on:
Affiliated Investments		11,578,122			132,545,694			49,224,639			36,827,751
Net Change in Unrealized Appreciation (Depreciation)		11,578,122			132,545,694			49,224,639			36,827,751
Net Realized and Unrealized Gain		11,397,877			131,722,228			50,017,449			37,636,780

Net Increase in Net Assets Resulting from Operations	$	13,232,678		$	145,340,072		$	55,723,751		$	40,496,258

The accompanying notes are an integral part of the financial statements.

CATHOLIC RESPONSIBLE INVESTMENTS


STATEMENTS OF CHANGES IN NET ASSETS

	Catholic Responsible Investments Ultra Short Bond Fund						Catholic Responsible Investments Short Duration Bond Fund
	Six Months Ended April 30, 2024 (Unaudited)			Year Ended October 31, 2023			Six Months Ended April 30, 2024 (Unaudited)			Year Ended October 31, 2023
Operations:
Net Investment Income	$	1,585,694		$	2,892,158		$	10,379,398		$	15,026,305
Net Realized Gain (Loss)		173			4,558			(1,928,403	)		(6,310,099	)
Net Change in Unrealized Appreciation (Depreciation)		(7,877	)		116,119			5,710,455			7,539,215

Net Increase in Net Assets Resulting from Operations		1,577,990			3,012,835			14,161,450			16,255,421

Distributions:
Institutional Shares		(1,658,250	)		(2,767,156	)		(10,198,412	)		(15,562,537	)

Total Distributions		(1,658,250	)		(2,767,156	)		(10,198,412	)		(15,562,537	)


Capital Share Transactions:
Institutional:
Issued		31,828,979			63,427,645			23,216,040			55,374,209
Reinvestment of Dividends and Distributions		1,642,530			2,751,081			9,911,084			14,986,394
Redeemed		(35,283,824	)		(61,127,893	)		(32,721,593	)		(71,227,016	)

Net Institutional Share Transactions		(1,812,315	)		5,050,833			405,531			(866,413	)

Net Increase (Decrease) in Net Assets from Share Transactions		(1,812,315	)		5,050,833			405,531			(866,413	)

Total Increase (Decrease) in Net Assets		(1,892,575	)		5,296,512			4,368,569			(173,529	)

Net Assets:
Beginning of Year/Period		58,455,722			53,159,210			473,489,291			473,662,820

End of Year/Period	$	56,563,147		$	58,455,722		$	477,857,860		$	473,489,291

Shares Transactions:
Institutional:
Issued		3,169,387			6,328,035			2,427,041			5,818,646
Reinvestment of Dividends and Distributions		163,857			274,846			1,035,798			1,581,544
Redeemed		(3,514,366	)		(6,097,343	)		(3,416,870	)		(7,518,158	)

Net Institutional Shares Capital Share Transactions		(181,122	)		505,538			45,969			(117,968	)

Net Increase (Decrease) in Shares Outstanding from Share Transactions		(181,122	)		505,538			45,969			(117,968	)

Amounts designated as “—” are $0.

The accompanying notes are an integral part of the financial statements.

CATHOLIC RESPONSIBLE INVESTMENTS


STATEMENTS OF CHANGES IN NET ASSETS

	Catholic Responsible Investments Bond Fund						Catholic Responsible Investments Opportunistic Bond Fund
	Six Months Ended April 30, 2024 (Unaudited)			Year Ended October 31, 2023			Six Months Ended April 30, 2024 (Unaudited)			Year Ended October 31, 2023
Operations:
Net Investment Income	$	43,457,356		$	72,953,045		$	13,660,063		$	23,020,330
Net Realized Loss		(10,145,578	)		(68,697,916	)		(2,927,820	)		(10,904,326	)
Net Change in Unrealized Appreciation (Depreciation)		61,981,654			1,188,740			12,074,584			2,379,832

Net Increase in Net Assets Resulting from Operations		95,293,432			5,443,869			22,806,827			14,495,836

Distributions:
Institutional Shares		(41,270,500	)		(70,355,860	)		(12,577,284	)		(21,985,123	)
Investor Shares		(1,466,908	)		(2,134,496	)		(999,062	)		(1,177,907	)

Total Distributions		(42,737,408	)		(72,490,356	)		(13,576,346	)		(23,163,030	)


Capital Share Transactions:
Institutional:
Issued		151,196,545			191,244,695			29,151,347			63,511,932
Reinvestment of Dividends and Distributions		38,595,213			65,582,457			11,958,004			20,923,020
Redeemed		(44,864,737	)		(100,197,620	)		(17,557,149	)		(40,031,802	)

Net Institutional Share Transactions		144,927,021			156,629,532			23,552,202			44,403,150

Investor:
Issued		28,583,832			15,627,456			27,208,623			5,125,204
Reinvestment of Dividends and Distributions		1,397,574			1,998,591			949,763			1,082,356
Redeemed		(18,667,469	)		(10,140,607	)		(3,361,608	)		(6,249,499	)

Net Investor Share Transactions		11,313,937			7,485,440			24,796,778			(41,939	)

Net Increase in Net Assets from Share Transactions .		156,240,958			164,114,972			48,348,980			44,361,211

Total Increase in Net Assets		208,796,982			97,068,485			57,579,461			35,694,017

Net Assets:
Beginning of Year/Period		1,772,881,355			1,675,812,870			525,380,973			489,686,956

End of Year/Period	$	1,981,678,337		$	1,772,881,355		$	582,960,434		$	525,380,973

Shares Transactions:
Institutional:
Issued		18,036,003			22,695,588			3,177,408			6,939,607
Reinvestment of Dividends and Distributions		4,591,110			7,813,122			1,304,284			2,296,510
Redeemed		(5,369,172	)		(11,859,444	)		(1,912,438	)		(4,364,310	)

Net Institutional Shares Capital Share Transactions		17,257,941			18,649,266			2,569,254			4,871,807

Investor:
Issued		3,393,800			1,833,386			2,949,189			558,971
Reinvestment of Dividends and Distributions		166,255			238,351			103,589			118,765
Redeemed		(2,219,222	)		(1,193,568	)		(365,249	)		(683,433	)

Net Investor Shares Capital Share Transactions		1,340,833			878,169			2,687,529			(5,697	)

Net Increase in Shares Outstanding from Share Transactions		18,598,774			19,527,435			5,256,783			4,866,110

The accompanying notes are an integral part of the financial statements.

CATHOLIC RESPONSIBLE INVESTMENTS


STATEMENTS OF CHANGES IN NET ASSETS

	Catholic Responsible Investments Equity Index Fund						Catholic Responsible Investments Small-Cap Fund
	Six Months Ended April 30, 2024 (Unaudited)			Year Ended October 31, 2023			Six Months Ended April 30, 2024 (Unaudited)			Year Ended October 31, 2023
Operations:
Net Investment Income	$	24,542,230		$	45,314,123		$	4,051,925		$	6,634,597
Net Realized Gain (Loss)		25,493,998			(26,187,091	)		12,974,177			(21,230,448	)
Net Change in Unrealized Appreciation (Depreciation)		598,151,020			278,170,157			61,365,926			(23,406,486	)

Net Increase (Decrease) in Net Assets Resulting from Operations		648,187,248			297,297,189			78,392,028			(38,002,337	)

Distributions:
Institutional Shares		(24,903,359	)		(45,202,137	)		(4,037,896	)		(22,555,181	)

Total Distributions		(24,903,359	)		(45,202,137	)		(4,037,896	)		(22,555,181	)


Capital Share Transactions:
Institutional:
Issued		140,914,857			244,541,100			16,648,940			38,855,672
Reinvestment of Dividends and Distributions		23,506,461			43,129,877			3,665,353			21,306,761
Redeemed		(279,099,084	)		(314,002,704	)		(21,119,604	)		(34,848,215	)

Net Institutional Share Transactions		(114,677,766	)		(26,331,727	)		(805,311	)		25,314,218

Net Increase (Decrease) in Net Assets from Share Transactions		(114,677,766	)		(26,331,727	)		(805,311	)		25,314,218

Total Increase (Decrease) in Net Assets		508,606,123			225,763,325			73,548,821			(35,243,300	)

Net Assets:
Beginning of Year/Period		3,062,966,502			2,837,203,177			427,747,108			462,990,408

End of Year/Period	$	3,571,572,625		$	3,062,966,502		$	501,295,929		$	427,747,108

Shares Transactions:
Institutional:
Issued		13,360,032			26,828,331			1,847,041			4,553,919
Reinvestment of Dividends and Distributions		2,158,121			4,829,522			380,039			2,534,752
Redeemed		(25,912,826	)		(34,233,746	)		(2,308,428	)		(4,079,839	)

Net Institutional Shares Capital Share Transactions		(10,394,673	)		(2,575,893	)		(81,348	)		3,008,832

Net Increase (Decrease) in Shares Outstanding from Share Transactions		(10,394,673	)		(2,575,893	)		(81,348	)		3,008,832

The accompanying notes are an integral part of the financial statements.

100

CATHOLIC RESPONSIBLE INVESTMENTS


STATEMENTS OF CHANGES IN NET ASSETS

	Catholic Responsible Investments Multi-Style US Equity Fund						Catholic Responsible Investments International Equity Fund
	Six Months Ended April 30, 2024 (Unaudited)			Year Ended October 31, 2023			Six Months Ended April 30, 2024 (Unaudited)			Year Ended October 31, 2023
Operations:
Net Investment Income	$	2,309,925		$	3,915,303		$	9,051,327		$	18,935,246
Net Realized Gain (Loss)		21,276,453			(14,607,444	)		42,799,426			(8,668,949	)
Net Change in Unrealized Appreciation (Depreciation)		114,354,797			84,193,896			175,384,147			129,932,770

Net Increase in Net Assets Resulting from Operations		137,941,175			73,501,755			227,234,900			140,199,067

Distributions:
Institutional Shares		(2,368,751	)		(3,727,143	)		(8,303,026	)		(19,300,121	)
Investor Shares		(107,076	)		(176,407	)		(303,390	)		(709,570	)

Total Distributions		(2,475,827	)		(3,903,550	)		(8,606,416	)		(20,009,691	)


Capital Share Transactions:
Institutional:
Issued		16,192,147			25,921,472			117,790,547			87,775,921
Reinvestment of Dividends and Distributions		2,175,602			3,426,673			7,800,774			18,154,448
Redeemed		(39,655,466	)		(44,516,145	)		(136,096,845	)		(96,824,979	)

Net Institutional Share Transactions		(21,287,717	)		(15,168,000	)		(10,505,524	)		9,105,390

Investor:
Issued		23,311			786,245			20,266,642			8,007,202
Reinvestment of Dividends and Distributions		96,288			158,440			295,331			688,331
Redeemed		(5,943,613	)		(6,217,095	)		(8,892,722	)		(15,065,616	)

Net Investor Share Transactions		(5,824,014	)		(5,272,410	)		11,669,251			(6,370,083	)

Net Increase (Decrease) in Net Assets from Share Transactions		(27,111,731	)		(20,440,410	)		1,163,727			2,735,307

Total Increase in Net Assets		108,353,617			49,157,795			219,792,211			122,924,683

Net Assets:
Beginning of Year/Period		710,741,479			661,583,684			1,179,098,256			1,056,173,573

End of Year/Period	$	819,095,096		$	710,741,479		$	1,398,890,467		$	1,179,098,256

Shares Transactions:
Institutional:
Issued		1,591,818			2,974,800			12,230,244			10,138,609
Reinvestment of Dividends and Distributions		206,259			396,382			805,984			2,066,650
Redeemed		(3,846,191	)		(5,085,709	)		(13,865,556	)		(11,166,367	)

Net Institutional Shares Capital Share Transactions		(2,048,114	)		(1,714,527	)		(829,328	)		1,038,892

Investor:
Issued		2,396			88,709			2,088,700			895,632
Reinvestment of Dividends and Distributions		9,162			18,374			30,391			78,303
Redeemed		(574,456	)		(710,428	)		(960,093	)		(1,759,512	)

Net Investor Shares Capital Share Transactions		(562,898	)		(603,345	)		1,158,998			(785,577	)

Net Increase (Decrease) in Shares Outstanding from Share Transactions		(2,611,012	)		(2,317,872	)		329,670			253,315

The accompanying notes are an integral part of the financial statements.

101

CATHOLIC RESPONSIBLE INVESTMENTS



STATEMENTS OF CHANGES IN NET ASSETS

	Catholic Responsible Investments International Small-Cap Fund						Catholic Responsible Investments Magnus 45/55 Fund
	Six Months Ended April 30, 2024 (Unaudited)			Year Ended October 31, 2023			Six Months Ended April 30, 2024 (Unaudited)			Year Ended October 31, 2023

Operations:
Net Investment Income	$	539,808		$	1,669,898		$	1,834,801		$	3,064,923
Net Realized Gain (Loss)		1,316,170			(3,929,508	)		(180,245	)		(385,857	)
Net Change in Unrealized Appreciation (Depreciation)		12,327,269			7,506,057			11,578,122			1,247,262

Net Increase in Net Assets Resulting from Operations		14,183,247			5,246,447			13,232,678			3,926,328

Distributions:
Institutional Shares		(506,931	)		(1,762,029	)		(2,355,327	)		(1,283,981	)
Investor Shares		—			—			(885,252	)		(469,817	)

Total Distributions		(506,931	)		(1,762,029	)		(3,240,579	)		(1,753,798	)


Capital Share Transactions:
Institutional:
Issued		4,150,176			4,425,462			211,464			42,172,973
Reinvestment of Dividends and Distributions		478,281			1,656,736			2,355,327			1,283,981
Redeemed		(2,577,893	)		(3,577,462	)		(2,915,131	)		(3,420,768	)

Net Institutional Share Transactions		2,050,564			2,504,736			(348,340	)		40,036,186

Investor:
Issued		—			—			1,622,201			7,137,259
Reinvestment of Dividends and Distributions		—			—			784,095			411,833
Redeemed		—			—			(2,268,657	)		(5,805,366	)

Net Investor Share Transactions		—			—			137,639			1,743,726

Net Increase (Decrease) in Net Assets from Share Transactions		2,050,564			2,504,736			(210,701	)		41,779,912

Total Increase in Net Assets		15,726,880			5,989,154			9,781,398			43,952,442

Net Assets:
Beginning of Year/Period		71,149,750			65,160,596			115,374,603			71,422,161

End of Year/Period	$	86,876,630		$	71,149,750		$	125,156,001		$	115,374,603

Shares Transactions:
Institutional:
Issued		475,198			510,895			22,084			4,753,812
Reinvestment of Dividends and Distributions		51,482			193,092			246,631			148,609
Redeemed		(277,023)			(412,742)			(302,100)			(377,897)

Net Institutional Shares Capital Share Transactions		249,657			291,245			(33,385	)		4,524,524

Investor:
Issued		—			—			169,551			769,133
Reinvestment of Dividends and Distributions		—			—			82,104			47,666
Redeemed		—			—			(231,321)			(642,240)

Net Investor Shares Capital Share Transactions		—			—			20,334			174,559

Net Increase (Decrease) in Shares Outstanding from Share Transactions		249,657			291,245			(13,051	)		4,699,083

Amounts designated as “—” are $0.

The accompanying notes are an integral part of the financial statements.

102

CATHOLIC RESPONSIBLE INVESTMENTS



STATEMENTS OF CHANGES IN NET ASSETS

	Catholic Responsible Investments Magnus 60/40 Alpha Plus Fund						Catholic Responsible Investments Magnus 60/40 Beta Plus Fund
	Six Months Ended April 30, 2024 (Unaudited)			Year Ended October 31, 2023			Six Months Ended April 30, 2024 (Unaudited)			Year Ended October 31, 2023

Operations:
Net Investment Income	$	13,617,844		$	23,774,871		$	5,706,302		$	10,189,365
Net Realized Gain (Loss)		(823,466	)		(2,410,552	)		792,810			(2,241,561	)
Net Change in Unrealized Appreciation (Depreciation)		132,545,694			40,661,263			49,224,639			14,962,808

Net Increase in Net Assets Resulting from Operations		145,340,072			62,025,582			55,723,751			22,910,612

Distributions:
Institutional Shares		(18,248,704	)		(12,373,866	)		(7,738,109	)		(5,184,502	)
Investor Shares		(7,054,159	)		(4,679,527	)		(2,885,351	)		(1,943,386	)

Total Distributions		(25,302,863	)		(17,053,393	)		(10,623,460	)		(7,127,888	)


Capital Share Transactions:
Institutional:
Issued		35,721,748			8,282,540			3,964,507			22,410,723
Reinvestment of Dividends and Distributions		18,248,705			12,363,629			7,738,109			5,184,502
Redeemed		(8,630,904	)		(20,905,511	)		(7,369,798	)		(22,181,535	)

Net Institutional Share Transactions		45,339,549			(259,342	)		4,332,818			5,413,690

Investor:
Issued		6,558,643			22,486,200			4,160,955			20,882,814
Reinvestment of Dividends and Distributions		6,779,560			4,666,662			2,825,877			1,903,622
Redeemed		(8,153,841	)		(22,759,744	)		(4,300,377	)		(25,871,735	)

Net Investor Share Transactions		5,184,362			4,393,118			2,686,455			(3,085,299	)

Net Increase in Net Assets from Share Transactions .		50,523,911			4,133,776			7,019,273			2,328,391

Total Increase in Net Assets		170,561,120			49,105,965			52,119,564			18,111,115

Net Assets:
Beginning of Year/Period		1,047,394,381			998,288,416			405,689,688			387,578,573

End of Year/Period	$	1,217,955,501		$	1,047,394,381		$	457,809,252		$	405,689,688

Shares Transactions:
Institutional:
Issued		3,788,377			911,087			397,155			2,378,244
Reinvestment of Dividends and Distributions		1,886,891			1,459,697			797,743			606,374
Redeemed		(887,453)			(2,319,880)			(759,380)			(2,445,163)

Net Institutional Shares Capital Share Transactions		4,787,815			50,904			435,518			539,455

Investor:
Issued		666,680			2,500,335			422,634			2,317,669
Reinvestment of Dividends and Distributions		700,998			550,964			291,028			222,646
Redeemed		(841,422)			(2,520,172)			(438,298)			(2,781,206)

Net Investor Shares Capital Share Transactions		526,256			531,127			275,364			(240,891	)

Net Increase in Shares Outstanding from Share Transactions		5,314,071			582,031			710,882			298,564

Amounts designated as “—” are $0.

The accompanying notes are an integral part of the financial statements.

103

CATHOLIC RESPONSIBLE INVESTMENTS



STATEMENTS OF CHANGES IN NET ASSETS

	Catholic Responsible Investments Magnus 75/25 Fund
	Six Months Ended April 30, 2024 (Unaudited)			Year Ended October 31, 2023

Operations:
Net Investment Income	$	2,859,478		$	5,112,634
Net Realized Gain (Loss)		809,029			(217,938	)
Net Change in Unrealized Appreciation (Depreciation)		36,827,751			11,247,584

Net Increase in Net Assets Resulting from Operations		40,496,258			16,142,280

Distributions:
Institutional Shares		(5,258,918	)		(4,942,456	)
Investor Shares		(774,184	)		(812,425	)

Total Distributions		(6,033,102	)		(5,754,881	)


Capital Share Transactions:
Institutional:
Issued		819,554			25,891,748
Reinvestment of Dividends and Distributions		5,258,918			4,942,456
Redeemed		(3,608,815	)		(8,750,258	)

Net Institutional Share Transactions		2,469,657			22,083,946

Investor:
Issued		741,896			4,983,535
Reinvestment of Dividends and Distributions		774,185			812,425
Redeemed		(315,291	)		(4,778,286	)

Net Investor Share Transactions		1,200,790			1,017,674

Net Increase in Net Assets from Share Transactions		3,670,447			23,101,620

Total Increase in Net Assets		38,133,603			33,489,019

Net Assets:
Beginning of Year/Period		253,713,241			220,224,222

End of Year/Period	$	291,846,844		$	253,713,241

Shares Transactions:
Institutional:
Issued		82,996			2,996,109
Reinvestment of Dividends and Distributions		539,274			589,467
Redeemed		(364,488)			(994,768)

Net Institutional Shares Capital Share Transactions		257,782			2,590,808

Investor:
Issued		75,801			577,896
Reinvestment of Dividends and Distributions		79,390			96,910
Redeemed		(32,544)			(536,779)

Net Investor Shares Capital Share Transactions		122,647			138,027

Net Increase in Shares Outstanding from Share Transactions		380,429			2,728,835

Amounts designated as “—” are $0.

The accompanying notes are an integral part of the financial statements.

104

CATHOLIC RESPONSIBLE INVESTMENTS

APRIL 30, 2024

FINANCIAL HIGHLIGHTS

Selected Per Share Data & Ratios

For a Share Outstanding

Throughout each Year or Period



	Net Asset Value, Beginning of Year or Period		Net Investment Income*		Net Realized and Unrealized Gain (Loss) on Investments			Total from Operations		Distributions from Net Investment Income			Distributions from Net Realized Capital Gains	Total Distributions			Net Asset Value, End of Year or Period		Total Return^†	Net Assets, End of Year or Period (000)		Ratio of Expenses to Average Net Assets	Ratio of Expenses to Average Net Assets (excluding waivers)	Ratio of Net Investment Income to Average Net Assets	Portfolio Turnover Rate^‡

Catholic Responsible Investments Ultra Short Bond Fund

Institutional Shares

2024^@	$	10.03	$	0.26	$	0.01^{^}		$	0.27	$	(0.25)		$ (0.03)	$	(0.28)		$	10.02	2.64%	$	56,563	0.35%	0.53%	5.27%	42%

2023	$	9.99	$	0.45	$	0.01		$	0.46	$	(0.42)		$ –	$	(0.42)		$	10.03	4.76%	$	58,456	0.35%	0.54%	4.46%	93%

2022⁽¹⁾	$	10.00	$	0.07	$	–^(a)		$	0.07	$	(0.08)		$ –	$	(0.08)		$	9.99	0.69%	$	53,159	0.35%	0.58%	0.80%	14%

Catholic Responsible Investments Short Duration Bond Fund

Institutional Shares

2024^@	$	9.43	$	0.21	$	0.06		$	0.27	$	(0.20)		$ –	$	(0.20)		$	9.50	2.99%	$	477,858	0.35%	0.36%	4.34%	23%

2023	$	9.41	$	0.31	$	0.03		$	0.34	$	(0.32)		$ –	$	(0.32)		$	9.43	3.62%	$	473,489	0.35%	0.38%	3.25%	59%

2022⁽¹⁾	$	10.00	$	0.13	$	(0.58)		$	(0.45)	$	(0.14)		$ –	$	(0.14)		$	9.41	(4.52)%	$	473,663	0.35%	0.37%	1.54%	95%

Catholic Responsible Investments Bond Fund

Institutional Shares

2024^@	$	7.94	$	0.19	$	0.25		$	0.44	$	(0.18)		$ –	$	(0.18)		$	8.20	5.43%	$	1,912,874	0.35%	0.35%	4.48%	20%

2023	$	8.23	$	0.35	$	(0.30)		$	0.05	$	(0.34)		$ –	$	(0.34)		$	7.94	0.57%	$	1,716,839	0.36%	0.36%	4.11%	54%

2022⁽¹⁾	$	10.00	$	0.20	$	(1.77)		$	(1.57)	$	(0.20)		$ –	$	(0.20)		$	8.23	(15.86)%	$	1,624,983	0.36%	0.36%	2.39%	86%

Investor Shares

2024^@	$	7.94	$	0.18	$	0.25		$	0.43	$	(0.18)		$ –	$	(0.18)		$	8.19	5.34%	$	68,804	0.50%	0.50%	4.33%	20%

2023	$	8.23	$	0.33	$	(0.29)		$	0.04	$	(0.33)		$ –	$	(0.33)		$	7.94	0.41%	$	56,043	0.51%	0.51%	3.96%	54%

2022⁽¹⁾	$	10.00	$	0.18	$	(1.76)		$	(1.58)	$	(0.19)		$ –	$	(0.19)		$	8.23	(15.97)%	$	50,830	0.51%	0.51%	2.23%	86%

Catholic Responsible Investments Opportunistic Bond Fund

Institutional Shares

2024^@	$	8.90	$	0.22	$	0.17		$	0.39	$	(0.22)		$ –	$	(0.22)		$	9.07	4.36%	$	531,113	0.41%	0.42%	4.91%	34%

2023	$	9.04	$	0.41	$	(0.14)		$	0.27	$	(0.41)		$ –	$	(0.41)		$	8.90	2.94%	$	498,415	0.41%	0.44%	4.45%	74%

2022⁽¹⁾	$	10.00	$	0.19	$	(0.96)		$	(0.77)	$	(0.19)		$ –	$	(0.19)		$	9.04	(7.75)%	$	462,249	0.41%	0.44%	2.24%	179%

Investor Shares

2024^@	$	8.90	$	0.22	$	0.16		$	0.38	$	(0.21)		$ –	$	(0.21)		$	9.07	4.28%	$	51,847	0.56%	0.57%	4.79%	34%

2023	$	9.04	$	0.39	$	(0.14)		$	0.25	$	(0.39)		$ –	$	(0.39)		$	8.90	2.81%	$	26,966	0.56%	0.59%	4.29%	74%

2022⁽¹⁾	$	10.00	$	0.18	$	(0.96	)	$	(0.78)	$	(0.18	)	$ –	$	(0.18	)	$	9.04	(7.88)%	$	27,438	0.56%	0.60%	2.10%	179%

@	For the six-month period ended April 30, 2024. All ratios for the period have been annualized.

*	Per share data calculated using the average shares method.

†	Total return is for the period indicated and has not been annualized if less than one year. Returns do not reflect the deduction of taxes the shareholder would pay on fund distributions or redemption of fund shares.

‡	Portfolio turnover is for the period indicated and has not been annualized if less than one year. Excludes effect of in-kind transfers.

^	The amount shown for a share outstanding throughout the period does not accord with the aggregate net realized and unrealized losses on investments for the period because of the sales and repurchases of Fund shares in relation to fluctuating market value of the investments of the Fund.

(1)

Commenced operations on December 6, 2021. All ratios for the period have been annualized.

(a)

Amount is less than $0.005 per share.

The accompanying notes are an integral part of the financial statements.

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FINANCIAL HIGHLIGHTS

Selected Per Share Data & Ratios

For a Share Outstanding

Throughout each Year or Period



	Net Asset Value, Beginning of Year or Period		Net Investment Income*		Net Realized and Unrealized Gain (Loss) on Investments			Total from Operations			Distributions from Net Investment Income			Distributions from Net Realized Capital Gains	Total Distributions			Net Asset Value, End of Year or Period		Total Return^†	Net Assets, End of Year or Period (000)		Ratio of Expenses to Average Net Assets	Ratio of Expenses to Average Net Assets (excluding waivers)	Ratio of Net Investment Income to Average Net Assets	Portfolio Turnover Rate^‡

Catholic Responsible Investments Equity Index Fund

Institutional Shares

2024^@	$	9.14	$	0.07	$	1.87		$	1.94		$	(0.08)		$ –	$	(0.08)		$	11.00	21.17%	$	3,571,573	0.09%	0.10%	1.40%	13%

2023	$	8.40	$	0.13	$	0.74		$	0.87		$	(0.13)		$ –	$	(0.13)		$	9.14	10.43%	$	3,062,967	0.09%	0.11%	1.48%	17%

2022⁽¹⁾	$	10.00	$	0.11	$	(1.61)		$	(1.50)		$	(0.10)		$ –	$	(0.10)		$	8.40	(15.01)%	$	2,837,203	0.09%	0.11%	1.34%	21%

Catholic Responsible Investments Small-Cap Fund

Institutional Shares

2024^@	$	7.79	$	0.07	$	1.35		$	1.42		$	(0.07)		$ –	$	(0.07)		$	9.14	18.26%	$	501,296	0.28%	0.28%	1.63%	13%

2023	$	8.92	$	0.12	$	(0.82)		$	(0.70)		$	(0.12)		$ (0.31)	$	(0.43)		$	7.79	(8.15)%	$	427,747	0.29%	0.29%	1.41%	30%

2022⁽¹⁾	$	10.00	$	0.09	$	(1.08)		$	(0.99)		$	(0.09)		$ –	$	(0.09)		$	8.92	(9.88)%	$	462,990	0.29%	0.29%	1.09%	25%

Catholic Responsible Investments Multi-Style US Equity Fund

Institutional Shares

2024^@	$	8.88	$	0.03	$	1.69		$	1.72		$	(0.03)		$ –	$	(0.03)		$	10.57	19.50%	$	775,324	0.65%	0.65%	0.58%	21%

2023	$	8.03	$	0.05	$	0.85		$	0.90		$	(0.05)		$ –	$	(0.05)		$	8.88	11.17%	$	669,001	0.66%	0.66%	0.56%	32%

2022⁽¹⁾	$	10.00	$	0.03	$	(1.97)		$	(1.94)		$	(0.03)		$ –	$	(0.03)		$	8.03	(19.39)%	$	618,980	0.67%	0.67%	0.39%	33%

Investor Shares

2024^@	$	8.88	$	0.02	$	1.69		$	1.71		$	(0.02)		$ –	$	(0.02)		$	10.57	19.41%	$	43,771	0.80%	0.80%	0.44%	21%

2023	$	8.03	$	0.04	$	0.85		$	0.89		$	(0.04)		$ –	$	(0.04)		$	8.88	11.00%	$	41,740	0.81%	0.81%	0.41%	32%

2022⁽¹⁾	$	10.00	$	0.02	$	(1.97)		$	(1.95)		$	(0.02)		$ –	$	(0.02)		$	8.03	(19.50)%	$	42,604	0.82%	0.82%	0.23%	33%

Catholic Responsible Investments International Equity Fund

Institutional Shares

2024^@	$	8.24	$	0.06	$	1.51		$	1.57		$	(0.06)		$ –	$	(0.06)		$	9.75	19.11%	$	1,332,079	0.80%	0.80%	1.33%	27%

2023	$	7.40	$	0.13	$	0.85		$	0.98		$	(0.14)		$ –	$	(0.14)		$	8.24	13.24%	$	1,132,230	0.81%	0.81%	1.53%	47%

2022⁽¹⁾	$	10.00	$	0.13	$	(2.61)		$	(2.48)		$	(0.12)		$ –	$	(0.12)		$	7.40	(24.88)%	$	1,008,309	0.82%	0.82%	1.68%	46%

Investor Shares

2024^@	$	8.24	$	0.06	$	1.51		$	1.57		$	(0.05)		$ –	$	(0.05)		$	9.76	19.08%	$	66,811	0.95%	0.95%	1.32%	27%

2023	$	7.40	$	0.12	$	0.85		$	0.97		$	(0.13)		$ –	$	(0.13)		$	8.24	13.07%	$	46,868	0.96%	0.96%	1.36%	47%

2022⁽¹⁾	$	10.00	$	0.12	$	(2.61)		$	(2.49)		$	(0.11)		$ –	$	(0.11)		$	7.40	(24.98)%	$	47,864	0.97%	0.97%	1.52%	46%

Catholic Responsible Investments International Small-Cap Fund

Institutional Shares

2024^@	$	8.00	$	0.06	$	1.49		$	1.55		$	(0.05)		$ –	$	(0.05)		$	9.50	19.47%	$	86,877	1.15%	1.26%	1.29%	24%

2023	$	7.57	$	0.19	$	0.44		$	0.63		$	(0.20)		$ –	$	(0.20)		$	8.00	8.12%	$	71,150	1.15%	1.30%	2.19%	68%

2022⁽¹⁾	$	10.00	$	0.18	$	(2.47	)	$	(2.29	)	$	(0.14	)	$ –	$	(0.14	)	$	7.57	(22.99)%	$	65,161	1.15%	1.40%	2.17%	69%

@	For the six-month period ended April 30, 2024. All ratios for the period have been annualized.

*	Per share data calculated using the average shares method.

†	Total return is for the period indicated and has not been annualized if less than one year. Returns do not reflect the deduction of taxes the shareholder would pay on fund distributions or redemption of fund shares.

‡	Portfolio turnover is for the period indicated and has not been annualized if less than one year. Excludes effect of in-kind transfers.

(1)

Commenced operations on December 6, 2021. All ratios for the period have been annualized.

The accompanying notes are an integral part of the financial statements.

106

CATHOLIC RESPONSIBLE INVESTMENTS

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FINANCIAL HIGHLIGHTS

Selected Per Share Data & Ratios

For a Share Outstanding

Throughout each Year or Period



	Net Asset Value, Beginning of Year or Period		Net Investment Income*		Net Realized and Unrealized Gain (Loss) on Investments		Total from Operations			Distributions from Net Investment Income			Distributions from Net Realized Capital Gains	Total Distributions			Net Asset Value, End of Year or Period		Total Return^†			Net Assets, End of Year or Period (000)		Ratio of Expenses to Average Net Assets			Ratio of Expenses to Average Net Assets (excluding waivers)			Ratio of Net Investment Income to Average Net Assets			Portfolio Turnover Rate^‡

Catholic Responsible Investments Magnus 45/55 Fund

Institutional Shares

2024^@	$	8.87	$	0.14	$	0.87	$	1.01		$	(0.25)		$ –	$	(0.25)		$	9.63		11.44%		$	90,323		–%⁽¹⁾			0.10%⁽¹⁾			2.97%			3%

2023	$	8.60	$	0.27	$	0.15	$	0.42		$	(0.15)		$ –	$	(0.15)		$	8.87		4.96%		$	83,489		–%⁽¹⁾			0.14%⁽¹⁾			2.94%			8%

2022⁽²⁾	$	10.00	$	0.15	$	(1.54)	$	(1.39)		$	(0.01)		$ –	$	(0.01)		$	8.60		(13.93)%		$	42,017		–%⁽¹⁾			0.20%⁽¹⁾			1.75%			9%

Investor Shares

2024^@	$	8.87	$	0.13	$	0.87	$	1.00		$	(0.24)		$ –	$	(0.24)		$	9.63		11.35%		$	34,833		0.15%⁽¹⁾			0.25%⁽¹⁾			2.82%			3%

2023	$	8.59	$	0.24	$	0.18	$	0.42		$	(0.14)		$ –	$	(0.14)		$	8.87		4.80%		$	31,886		0.15%⁽¹⁾			0.29%⁽¹⁾			2.69%			8%

2022⁽²⁾	$	10.00	$	0.13	$	(1.53)	$	(1.40)		$	(0.01)		$ –	$	(0.01)		$	8.59		(14.03)%		$	29,405		0.15%⁽¹⁾			0.35%⁽¹⁾			1.56%			9%

Catholic Responsible Investments Magnus 60/40 Alpha Plus Fund

Institutional Shares

2024^@	$	8.80	$	0.11	$	1.09	$	1.20		$	(0.21)		$ –	$	(0.21)		$	9.79		13.75%		$	863,192		–%⁽¹⁾			0.01%⁽¹⁾			2.33%			1%

2023	$	8.43	$	0.20	$	0.32	$	0.52		$	(0.15)		$ –	$	(0.15)		$	8.80		6.23%		$	733,461		–%⁽¹⁾			0.02%⁽¹⁾			2.28%			4%

2022⁽²⁾	$	10.00	$	0.12	$	(1.68)	$	(1.56)		$	(0.01)		$ –	$	(0.01)		$	8.43		(15.63)%		$	702,135		–%⁽¹⁾			0.03%⁽¹⁾			1.49%			3%

Investor Shares

2024^@	$	8.79	$	0.11	$	1.09	$	1.20		$	(0.20)		$ –	$	(0.20)		$	9.79		13.66%		$	354,763		0.15%⁽¹⁾			0.16%⁽¹⁾			2.18%			1%

2023	$	8.42	$	0.19	$	0.31	$	0.50		$	(0.13)		$ –	$	(0.13)		$	8.79		6.07%		$	313,933		0.15%⁽¹⁾			0.17%⁽¹⁾			2.13%			4%

2022⁽²⁾	$	10.00	$	0.10	$	(1.67)	$	(1.57)		$	(0.01)		$ –	$	(0.01)		$	8.42		(15.74)%		$	296,153		0.15%⁽¹⁾			0.18%⁽¹⁾			1.20%			3%

Catholic Responsible Investments Magnus 60/40 Beta Plus Fund

Institutional Shares

2024^@	$	8.88	$	0.13	$	1.10	$	1.23		$	(0.24)		$ –	$	(0.24)		$	9.87		13.82%		$	327,125		–%⁽¹⁾			0.03%⁽¹⁾			2.59%			5%

2023	$	8.55	$	0.23	$	0.27	$	0.50		$	(0.17)		$ –	$	(0.17)		$	8.88		5.99%		$	290,585		–%⁽¹⁾			0.04%⁽¹⁾			2.52%			8%

2022⁽²⁾	$	10.00	$	0.15	$	(1.59)	$	(1.44)		$	(0.01)		$ –	$	(0.01)		$	8.55		(14.42)%		$	274,863		–%⁽¹⁾			0.06%⁽¹⁾			1.82%			5%

Investor Shares

2024^@	$	8.88	$	0.12	$	1.09	$	1.21		$	(0.22)		$ –	$	(0.22)		$	9.87		13.74%		$	130,684		0.15%⁽¹⁾			0.18%⁽¹⁾			2.44%			5%

2023	$	8.53	$	0.21	$	0.29	$	0.50		$	(0.15)		$ –	$	(0.15)		$	8.88		5.84%		$	115,105		0.15%⁽¹⁾			0.19%⁽¹⁾			2.37%			8%

2022⁽²⁾	$	10.00	$	0.12	$	(1.58)	$	(1.46)		$	(0.01)		$ –	$	(0.01)		$	8.53		(14.63)%		$	112,716		0.15%⁽¹⁾			0.21%⁽¹⁾			1.47%			5%

Catholic Responsible Investments Magnus 75/25 Fund

Institutional Shares

2024^@	$	8.76	$	0.10	$	1.30	$	1.40		$	(0.19)		$ (0.02)	$	(0.21)		$	9.95		16.00%		$	251,407		–%⁽¹⁾			0.06%⁽¹⁾			2.03%			4%

2023	$	8.40	$	0.18	$	0.40	$	0.58		$	(0.14)		$ (0.08)	$	(0.22)		$	8.76		7.09%		$	219,190		–%⁽¹⁾			0.07%⁽¹⁾			2.05%			5%

2022⁽²⁾	$	10.00	$	0.12	$	(1.71)	$	(1.59)		$	(0.01)		$ –	$	(0.01)		$	8.40		(15.94)%		$	188,299		–%⁽¹⁾			0.08%⁽¹⁾			1.40%			5%

Investor Shares
2024^@	$	8.75	$	0.09	$	1.30	$	1.39		$	(0.18)		$ (0.02)	$	(0.20)		$	9.94		15.92	%	$	40,439		0.15	%⁽¹⁾		0.21	%⁽¹⁾		1.87	%		4	%
2023	$	8.38	$	0.17	$	0.41	$	0.58		$	(0.13)		$ (0.08)	$	(0.21	)	$	8.75		6.92	%	$	34,523		0.15	%⁽¹⁾		0.22	%⁽¹⁾		1.88	%		5	%
2022⁽²⁾	$	10.00	$	0.10	$	(1.71)	$	(1.61	)	$	(0.01	)	$ –	$	(0.01)		$	8.38		(16.15)	%	$	31,925		0.15	%⁽¹⁾		0.23	%⁽¹⁾		1.23	%		5	%

@	For the six-month period ended April 30, 2024. All ratios for the period have been annualized.

*	Per share data calculated using the average shares method.

†	Total return is for the period indicated and has not been annualized if less than one year. Returns do not reflect the deduction of taxes the shareholder would pay on fund distributions or redemption of fund shares.

‡	Portfolio turnover is for the period indicated and has not been annualized if less than one year. Excludes effect of in-kind transfers.

(1)

The expense ratios do not include expenses of the underlying affiliated investment companies.

(2)

Commenced operations on December 6, 2021. All ratios for the period have been annualized.

The accompanying notes are an integral part of the financial statements.

107

CATHOLIC RESPONSIBLE INVESTMENTS

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NOTES TO FINANCIAL STATEMENTS

1. Organization:

Catholic Responsible Investments Funds (the “Trust”) is an open-end management investment company that currently offers shares of thirteen active separate diversified portfolios: the Catholic Responsible Investments Ultra Short Bond Fund, Catholic Responsible Investments Short Duration Bond Fund, Catholic Responsible Investments Bond Fund, Catholic Responsible Investments Opportunistic Bond Fund, Catholic Responsible Investments Equity Index Fund, Catholic Responsible Investments Small-Cap Fund, Catholic Responsible Investments Multi-Style US Equity Fund, Catholic Responsible Investments International Equity Fund, Catholic Responsible Investments International Small-Cap Fund, Catholic Responsible Investments Magnus 45/55 Fund, Catholic Responsible Investments Magnus 60/40 Alpha Plus Fund, Catholic Responsible Investments Magnus 60/40 Beta Plus Fund, and Catholic Responsible Investments Magnus 75/25 Fund (each, a “Fund” and together, the “Funds”). The Trust was established as a Delaware statutory trust pursuant to an Agreement and Declaration of Trust dated July 8, 2021 and amended and restated November 17, 2021 (the “Declaration of Trust”). The Declaration of Trust permits the Trust to offer separate series (“portfolios”) of units of beneficial interest (“shares”) and separate classes of shares of such portfolios. Each share of each portfolio represents an equal proportionate interest in that portfolio with each other share of that portfolio. The Funds are successors to the funds of the Catholic United Investment Trust (the “Predecessor Funds”). The Predecessor Funds were managed by Christian Brothers Investment Services, Inc. (“CBIS,” or, the “Adviser”) using investment objectives, strategies, policies and restrictions that were in all material respects equivalent to those used in managing the Funds. The Predecessor Funds dissolved and reorganized into the Investor Shares and Institutional Shares of each Fund on December 6, 2021. All of the assets of the Predecessor Funds were transferred to the Funds in connection with the reorganization. The investment objective of the Catholic Responsible Investments Ultra Short Bond Fund seeks to provide current income consistent with the preservation of capital.

The investment objective of the Catholic Responsible Investments Short Duration Bond Fund seeks maximum current income consistent with the preservation of capital.

The investment objective of the Catholic Responsible Investments Bond Fund seeks current income and long-term capital appreciation.

The investment objective of the Catholic Responsible Investments Opportunistic Bond Fund seeks current income and to provide relatively low correlation to equity assets.

The investment objective of the Catholic Responsible Investments Equity Index Fund seeks to replicate as closely as possible, before expenses, the performance of the S&P500^® Index.

The investment objective of the Catholic Responsible Investments Small-Cap Fund seeks to replicate the performance of the S&P SmallCap 600^® Index, an index representing small capitalization companies.

The investment objective of the Catholic Responsible Investments Multi-Style US Equity Fund seeks to achieve long-term capital appreciation.

The investment objective of the Catholic Responsible Investments International Equity Fund seeks to achieve long-term capital appreciation.

The investment objective of the Catholic Responsible Investments International Small-Cap Fund seeks to achieve long-term capital appreciation.

108

CATHOLIC RESPONSIBLE INVESTMENTS

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The investment objective of each of the Catholic Responsible Investments Magnus 45/55 Fund, Catholic Responsible Investments Magnus 60/40 Alpha Plus Fund, Catholic Responsible Investments Magnus 60/40 Beta Plus Fund and Catholic Responsible Investments Magnus 75/25 Fund (together, the “Magnus Funds”) seeks to achieve current income and long-term capital appreciation.

Each Fund’s investment objective is not a fundamental policy and may be changed by the Funds’ Board of Trustees (the “Board”) without shareholder approval.

2. Significant Accounting Policies:

The accompanying financial statements have been prepared in conformity with U.S. generally accepted accounting principles (“U.S. GAAP”) and are presented in U.S. dollars which is the functional currency of the Funds. The Funds are an investment company and therefore applies the accounting and reporting guidance issued by the U.S. Financial Accounting Standards Board (“FASB”) in Accounting Standards Codification (“ASC”) Topic 946, Financial Services — Investment Companies. The following are significant accounting policies which are consistently followed in the preparation of the financial statements.

Use of Estimates — The preparation of financial statements in conformity with U.S. generally accepted accounting principles (“U.S. GAAP”) requires management to make estimates and assumptions that affect the reported amount of assets and liabilities, disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of increases and decreases in net assets from operations during the reporting period. Actual results could differ from those estimates and such differences could be material.

Security Valuation — Securities listed on a securities exchange, market or automated quotation system for which quotations are readily available (except for securities traded on the NASDAQ Stock Market (the “NASDAQ”)), including securities traded over the counter, are valued at the last quoted sale price on an exchange or market (foreign or domestic) on which they are traded on valuation date (or at approximately 4:00 pm ET if a security’s primary exchange is normally open at that time), or, if there is no such reported sale on the valuation date, at the most recent quoted bid price. For securities traded on NASDAQ, the NASDAQ Official Closing Price will be used. If available, debt securities are priced based upon valuations provided by independent, third-party pricing agents. Such values generally reflect the last reported sales price if the security is actively traded. The third-party pricing agents may also value debt securities at an evaluated bid price by employing methodologies that utilize actual market transactions, broker-supplied valuations, or other methodologies designed to identify the market value for such securities. Such methodologies generally consider such factors as security prices, yields, maturities, call features, ratings and developments relating to specific securities in arriving at valuations. On the first day a new debt security purchase is recorded, if a price is not available on the automated pricing feeds from our primary and secondary pricing vendors nor is it available from an independent broker, the security may be valued at its purchase price. Each day thereafter, the debt security will be valued according to the Trusts’ Fair Value Procedures until an independent source can be secured. Debt obligations with remaining maturities of sixty days or less may be valued at their amortized cost, which approximates market value provided that it is determined the amortized cost continues to approximate fair value. Should existing credit, liquidity or interest rate conditions in the relevant markets and issuer specific circumstances suggest that amortized cost does not approximate fair value, then the amortized cost method may not be used. The prices for foreign securities are reported in local currency and converted to U.S. dollars using currency exchange rates. Futures are valued at the final settled price or in lieu of a settled price at the last sale price on the day of valuation.

For securities that principally trade on a foreign market or exchange, a significant gap in time can exist between the time of a particular security’s last trade and the time at which a Fund calculates its net asset value. The closing prices of such securities may no longer reflect their market value at the time a Fund calculates net asset value if an event that could materially affect the value of those securities (a “Significant Event”) has occurred between the time of the security’s last close and the time that a Fund calculates net asset value. A Significant Event may relate to a single issuer or to an entire market sector. If the Board becomes aware of a Significant Event that has occurred with respect to a security or group of securities after the closing of the exchange or market on which the security or securities principally trade, but before the time at which a Fund calculates net asset value, it may request that a Committee meeting be called.

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CATHOLIC RESPONSIBLE INVESTMENTS

APRIL 30, 2024 (Unaudited)

Securities for which market prices are not “readily available” are valued in accordance with fair value procedures (the “Fair Value Procedures”) established by the Adviser and approved by the Trust’s Board of Trustees (the “Board”). Pursuant to Rule 2a-5 under the 1940 Act, the Board has designated the Adviser as the “valuation designee” to determine the fair value of securities and other instruments for which no readily available market quotations are available. The Fair Value Procedures are implemented through a Fair Value Committee (the “Committee”) of the Adviser.

In accordance with the authoritative guidance on fair value measurements and disclosure under U.S. GAAP, the Funds disclose the fair value of their investments in a hierarchy that prioritizes the inputs to valuation techniques used to measure the fair value. The objective of a fair value measurement is to determine the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date (an exit price). Accordingly, the fair value hierarchy gives the highest priority to quoted prices (unadjusted) in active markets for identical assets or liabilities (Level 1) and the lowest priority to unobservable inputs (Level 3). The three levels of the fair value hierarchy under ASC 820 are described below:

Level 1 — Unadjusted quoted prices in active markets for identical, unrestricted assets or liabilities that the Funds have the ability to access at the measurement date;

Level 2 — Other significant observable inputs (includes quoted prices for similar securities, interest rates, prepayment speeds, credit risk, referenced indices, quoted prices in inactive markets, adjusted quoted prices in active markets, adjusted quoted prices on foreign equity securities that were adjusted in accordance with the Adviser’s pricing procedures, etc.)

Level 3 — Significant unobservable prices or inputs (including the Fund’s own assumptions in determining the fair value of investments) where there is little or no market activity for the asset or liability at the measurement date.

Investments are classified within the level of the lowest significant input considered in determining fair value. Investments classified within Level 3 whose fair value measurement considers several inputs may include Level 1 or Level 2 inputs as components of the overall fair value measurement.

The unobservable inputs used to determine fair value of recurring Level 3 assets may have similar or diverging impacts on valuation. Significant increases and decreases in these inputs in isolation and interrelationships between those inputs could result in significantly higher or lower fair value measurement.

For the period ended April 30, 2024, there have been no significant changes to the Funds’ fair value methodologies.

Federal Income Taxes — It is each Fund’s intention to continue to qualify as a regulated investment company for Federal income tax purposes by complying with the appropriate provisions of Subchapter M of the Internal Revenue Code of 1986, as amended, and to distribute substantially all of its income to shareholders. Accordingly, no provision for Federal income taxes has been made in the financial statements.

The Funds evaluate tax positions taken or expected to be taken in the course of preparing the Funds’ tax returns to determine whether it is “more likely- than-not” (i.e., greater than 50-percent) that each tax position will be sustained upon examination by a taxing authority based on the technical merits of the position. Tax positions deemed to meet the more-likely-than-not threshold are recorded as a tax benefit in the current period. The Funds did not record any tax provision in the current period. However, management’s conclusions regarding tax positions taken may be subject to review and adjustment at a later date based on factors including, but not limited to, examination by tax authorities (i.e., the open tax year ends, since inception), on-going analysis of and changes to tax laws, regulations and interpretations thereof.

As of and during the period ended April 30, 2024, the Funds did not have a liability for any unrecognized tax benefits. The Funds recognize interest and penalties, if any, related to unrecognized tax benefits as income tax expense in the Statements of Operations. During the year the Funds did not incur any interest or penalties.

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Withholding taxes on foreign dividends have been provided for in accordance with the Funds’ understanding of the applicable country’s tax rules and rates. The Funds or their agent files withholding tax reclaims in certain jurisdictions to recover certain amounts previously withheld. The Funds may record a reclaim receivable based on collectability, which includes factors such as the jurisdiction’s applicable laws, payment history and market convention. Professional fees paid to those that provide assistance in receiving the tax reclaims, which generally are contingent upon successful receipt of reclaimed amounts, are recorded in Professional Fees on the Statement of Operations once the amounts are due. The professional fees related to pursuing these tax reclaims are not subject to the Adviser’s expense limitation agreement.

Security Transactions and Investment Income — Security transactions are accounted for on trade date for financial reporting purposes. Dividend income is recorded on the ex-dividend date and interest income is recognized on the accrual basis. Costs used in determining realized gains and losses on the sales of investment securities are based on specific identification. Interest income is recognized on an accrual basis from settlement date. Discounts and premiums on securities purchased are accreted and amortized using the effective interest method. Realized gains (losses) on paydowns of mortgage-backed and asset-backed securities are recorded as an adjustment to interest income.

Futures Contracts — A futures contract is an agreement involving the delivery of a particular asset on a specified future date at an agreed upon price. The Funds may invest in exchange traded futures. These contracts are generally used to provide the return of a type of security without purchasing the securities of the underlying futures contract or to manage the Fund’s overall exposure to the market risk of the fixed income and equity markets. Upon entering into futures contracts, the Fund maintains an amount of cash or liquid securities, with a value equal to a percentage of the contract amount, with either a futures commission merchant or with its custodian in an account in the broker’s name. This amount is known as initial margin. During the period the futures contract is open, payments are received from or made to the broker based upon the changes in the value of the contract (the variation margin).

A margin deposit held at one counterparty for the futures contracts is included in “Cash pledged as Collateral for Futures Contracts” on the Statement of Assets and Liabilities and would be noted on the Schedule of Investments, if applicable. Variation margin payments are paid or received, depending upon whether unrealized gains or losses are incurred. When the futures contract is closed, the Fund records a realized gain or loss equal to the difference between the proceeds from (or cost of) the closing transaction and the amount invested in the futures contract.

For the period ended April 30, 2024, the quarterly average notional value of futures contracts held was as follows:


Catholic Responsible Investments Short Duration Bond Fund
Average Quarterly Notional Value Short	$	851,189
Average Quarterly Notional Value Long	$	67,281,968
Catholic Responsible Investments Bond Fund
Average Quarterly Notional Value Long	$	343,906,899
Catholic Responsible Investments Opportunistic Bond Fund
Average Quarterly Notional Value Long	$	94,528,213
Catholic Responsible Investments Equity Index Fund
Average Quarterly Notional Value Long	$	14,639,027
Catholic Responsible Investments Small-Cap Fund
Average Quarterly Notional Value Long	$	6,679,238

The following tables are the exposure by type of risk on derivatives held throughout the year:


Catholic Responsible Investments Short Duration Bond Fund Statements of Assets and Liabilities Location		Asset Derivatives		Liability Derivatives


Interest Risk Futures contracts	Unrealized appreciation (depreciation) on futures contracts*	$	15,896	$	659,248


		$	15,896	$	659,248

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Catholic Responsible Investments Bond Fund Statements of Assets and Liabilities Location		Asset Derivatives		Liability Derivatives


Interest Risk Futures contracts	Unrealized appreciation (depreciation) on futures contracts*	$	—	$	(7,031,414)


		$	—	$	(7,031,414)


Catholic Responsible Investments Opportunistic Bond Fund Statements of Assets and Liabilities Location		Asset Derivatives		Liability Derivatives


Interest Risk Futures contracts	Unrealized appreciation (depreciation) on futures contracts*	$	—	$	(1,764,368)


		$	—	$	(1,764,368)


Catholic Responsible Investments Equity Index Fund Statements of Assets and Liabilities Location		Asset Derivatives		Liability Derivatives


Equity Risk Futures contracts	Unrealized appreciation (depreciation) on futures contracts*	$	—	$	(164,030)


		$	—	$	(164,030)


Catholic Responsible Investments Small-Cap Fund Statements of Assets and Liabilities Location		Asset Derivatives		Liability Derivatives


Equity Risk Futures contracts	Unrealized appreciation (depreciation) on futures contracts*	$	—	$	(541,285)


		$	—	$	(541,285)

*	Unrealized appreciation (depreciation) on Futures Contracts is included in distributable earnings (accumulated losses).

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The effect of derivative instruments on the Statements of Operations for the period ended April 30, 2024, was as follows:


Catholic Responsible Investments Short Duration Bond Fund	Net Realized Gain (Loss)*			Change in Unrealized Appreciation (Depreciation)**


Interest Risk Futures contracts	$	(101,953	)	$	(412,720	)


	$	(101,953)		$	(412,720)


Catholic Responsible Investments Bond Fund	Net Realized Gain (Loss)*			Change in Unrealized Appreciation (Depreciation)**


Interest Risk Futures contracts	$	(602,714	)	$	1,060,009


	$	(602,714)		$	1,060,009


Catholic Responsible Investments Opportunistic Bond Fund	Net Realized Gain (Loss)*			Change in Unrealized Appreciation (Depreciation)**


Interest Risk Futures contracts	$	(166,780	)	$	(193,404	)


	$	(166,780)		$	(193,404)


Catholic Responsible Investments Equity Index Fund	Net Realized Gain (Loss)*			Change in Unrealized Appreciation (Depreciation)**


Equity Risk Futures contracts	$	1,700,977		$	(91,342	)


	$	1,700,977		$	(91,342)


Catholic Responsible Investments Small-Cap Fund	Net Realized Gain (Loss)*			Change in Unrealized Appreciation (Depreciation)**


Equity Risk Futures contracts	$	1,115,153		$	(393,920	)


	$	1,115,153		$	(393,920)

*	Futures contracts are included in net realized gain (loss) on Futures Contracts.

**	Futures contracts are included in change in unrealized appreciation (depreciation) on Futures Contracts.

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Cash — Idle cash may be swept into various time deposit accounts and money market sweep accounts and is classified as cash on the Statements of Assets and Liabilities. The Funds maintain cash in bank deposit accounts which, at times, may exceed United States federally insured limits. Amounts invested are available on the same business day.

Expenses — Expenses of the Trust that can be directly attributed to a particular Fund are borne by that Fund. Expenses which cannot be directly attributed to a Fund are apportioned among the Funds of the Trust based on the number of funds and/or relative net assets.

Classes — Class specific expenses are borne by that class of shares. Income, realized and unrealized gains/losses and non class-specific expenses are allocated to the respective class on the basis of relative daily net assets.

Dividends and Distributions to Shareholders — The Catholic Responsible Investments Magnus 45/55 Fund, Catholic Responsible Investments Magnus 60/40 Beta Plus Fund, Catholic Responsible Investments Magnus 60/40 Alpha Plus Fund and Catholic Responsible Investments Magnus 75/25 Fund distribute their net investment income and make distributions of their net realized capital gains, if any, at least annually. The Catholic Responsible Investments Ultra Short Bond Fund, Catholic Responsible Investments Short Duration Bond Fund, Catholic Responsible Investments Opportunistic Bond Fund and Catholic Responsible Investments Bond Fund distribute their net investment income monthly and make distributions of their net realized capital gains, if any, at least annually. The Catholic Responsible Investments Equity Index Fund, Catholic Responsible Investments Multi- Style US Equity Fund, Catholic Responsible Investments International Equity Fund, Catholic Responsible Investments Small-Cap Fund and Catholic Responsible Investments International Small-Cap Fund distribute their net investment income quarterly and make distributions or their net realized capital gains, if any, at least annually. All distributions are recorded on ex-dividend date.

Investments in REITs — Dividend income from Real Estate Investment Trusts (“REIT”) is recorded based on the income included in distributions received from the REIT investments using published REIT reclassifications, including some management estimates when actual amounts are not available. Distributions received in excess of this estimated amount are recorded as a reduction of the cost of investments or reclassified to capital gains. The actual amounts of income, return of capital, and capital gains are only determined by each REIT after its fiscal year-end, and may differ from the estimated amounts.

Redemption Fees — A redemption fee of 2.00% of the value of the shares sold will be imposed on shares of the Catholic Responsible Investments Opportunistic Bond Fund, Catholic Responsible Investments Bond Fund, Catholic Responsible Investments Equity Index Fund, Catholic Responsible Investments Multi-Style US Equity Fund, Catholic Responsible Investments International Equity Fund, Catholic Responsible Investments Small-Cap Fund and Catholic Responsible Investments International Small-Cap Fund redeemed within 30 days or less after their date of purchase (subject to certain exceptions as discussed below in “Redemption Fees”). Such fees are retained by the Funds for the benefit of the remaining shareholders and are recorded as additions to fund capital.

Securities Lending — Each Fund may lend portfolio securities to brokers, dealers and other financial organizations that meet capital and other credit requirements or other criteria established by the Board. These loans, if and when made, may not exceed 33 ¹⁄₃% of the total asset value of the Fund (including the loan collateral). Each Fund will not lend portfolio securities to its Adviser or its affiliates unless it has applied for and received specific authority to do so from the SEC. Loans of portfolio securities will be fully collateralized by cash, letters of credit or U.S. Government securities, and the collateral will be maintained in an amount equal to at least 100% of the current market value of the loaned securities by marking to market daily, although the borrower will be required to deliver collateral of 102% and 105% of the market value of borrowed securities for domestic and foreign issuers, respectively. Any gain or loss in the market price of the securities loaned that might occur during the term of the loan would be for the account of the Fund. The investment of cash collateral subjects a Fund to market risk. A Fund remains obligated to return all collateral to the borrower under the terms of its securities lending arrangements even if the value of the investments made with the collateral has declined. Accordingly, if the value of a security in which the cash collateral has been invested declines, the loss would be borne by

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the Fund, and the Fund may be required to liquidate other investments in order to return collateral to the borrower at the end of a loan. The following table discloses the securities on loan as of April 30, 2024:


	Market Value Securities on Loan		Cash Collateral for Securities on Loan

Catholic Responsible Investments Bond Fund	$	884,629	$	902,396
Catholic Responsible Investments Opportunistic Bond Fund		99,584		101,750
Catholic Responsible Investments Small-Cap Fund		3,804,349		3,884,406
Catholic Responsible Investments Multi-Style US Equity Fund		6,466,352		6,652,379
Catholic Responsible Investments International Equity Fund		25,121,752		25,576,890
Catholic Responsible Investments International Small Cap Fund		1,088,157		1,143,422

Repurchase Agreements — A repurchase agreement is an agreement in which one party sells securities to another party in return for cash with an agreement to repurchase equivalent securities at an agreed-upon price and on an agreed-upon future date. A Fund may enter into repurchase agreements with financial institutions and follow certain procedures designed to minimize the risks inherent in such agreements. These procedures include effecting repurchase transactions only with large, well-capitalized and well-established financial institutions deemed creditworthy by the Adviser. The repurchase agreements entered into by a Fund will provide that the underlying collateral shall have a value equal to at least 102% of the resale price stated in the agreement at all times. The Adviser monitors compliance with this requirement as well as the ongoing financial condition and creditworthiness of the counterparty. Under all repurchase agreements entered into by a Fund, the Fund’s custodian or its agent must take possession of the underlying collateral. In the event of a default or bankruptcy by a selling financial institution, a Fund will seek to liquidate such collateral. However, the exercising of each Fund’s right to liquidate such collateral could involve certain costs or delays and, to the extent that proceeds from any sale upon a default of the obligation to repurchase were less than the repurchase price, the Fund could suffer a loss. At times, the investments of each of the Funds in repurchase agreements may be substantial when, in the view of the Adviser, liquidity or other considerations so warrant.

3. Transactions with Affiliates:

Certain officers of the Trust are also employees of SEI Investments Global Funds Services (the “Administrator”), a wholly owned subsidiary of SEI Investments Company, and/or SEI Investments Distribution Co. (the “Distributor”). Such officers are paid no fees by the Trust, other than the Chief Compliance Officer (“CCO”) as described below, for serving as officers of the Trust.

A portion of the services provided by the CCO and his staff, whom are employees of the Administrator, are paid for by the Trust as incurred. The services include regulatory oversight of the Trust’s Advisors and service providers as required by SEC regulations. The CCO’s services and fees have been approved by and are reviewed by the Board.

The Magnus Funds invest solely in underlying CRI funds.

4. Administration, Distribution, Shareholder Servicing, Transfer Agent and Custody Agreements:

The Funds and the Administrator are parties to an Administration Agreement under which the Administrator provides management and administrative services to the Funds. For these services, the Administrator is paid an asset-based fee, which will vary depending on the number of share classes and the average daily net assets of the Funds.

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For the period ended April 30, 2024, the Funds were charged the following for these services:


		Administration Fees
Catholic Responsible Investments Ultra Short Bond Fund		$2,713
Catholic Responsible Investments Short Duration Bond Fund		40,187
Catholic Responsible Investments Bond Fund		193,663
Catholic Responsible Investments Opportunistic Bond Fund		57,833
Catholic Responsible Investments Equity Index Fund		342,069
Catholic Responsible Investments Small-Cap Fund		48,636
Catholic Responsible Investments Multi-Style US Equity Fund		82,484
Catholic Responsible Investments International Equity Fund		135,705
Catholic Responsible Investments International Small-Cap Fund		8,171

The Trust and the Distributor are parties to a Distribution Agreement. The Distributor receives no fees under the agreement.

The Funds have adopted a shareholder servicing plan that provides that the Funds may pay financial intermediaries for shareholder services in an annual amount not to exceed 0.15% based on the average daily net assets of the Funds’ Investor Shares. The Funds do not pay these service fees on shares purchased directly. In addition to payments made directly to financial intermediaries by the Funds, the Adviser or its affiliates may, at their own expense, pay financial intermediaries for these and other services to the Funds’ shareholders. For the period ended April 30, 2024, these amounts can be found on the Statement of Operations under Shareholder Servicing Fees.

Atlantic Shareholder Services, LLC serves as the Transfer Agent and dividend disbursing agent for the Funds under a transfer agency agreement.

Brown Brothers Harriman & Co. serves as custodian (the “Custodian”) for the Funds. The Custodian plays no role in determining the investment policies of the Funds or which securities are to be purchased and sold by the Funds.

5. Investment Advisory and Sub-Advisory Agreements:

The Trust and the Adviser have entered into an investment advisory agreement (the “Advisory Agreement”). Pursuant to the Advisory Agreement, the Adviser provides investment advisory services to the Funds and oversees the investment sub-advisory services provided to the Funds. Pursuant to separate sub-advisory agreements (the “Sub-Advisory Agreements” and, together with the Advisory Agreement, the “Investment Advisory Agreements”) with the Adviser, and under the supervision of the Adviser and the Board, one or more Sub-Advisers are responsible for the day-to-day investment management of all or a distinct portion of the assets of the Funds. The Adviser pays each Fund’s Sub-Advisers out of the fee it receives from such Fund.

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After its initial two year term, the continuance of each Investment Advisory Agreement with respect to each Fund must be specifically approved at least annually: (i) by the vote of a majority of the outstanding voting securities of that Fund or by the Trustees; and (ii) by the vote of a majority of the Trustees who are not parties to such Investment Advisory Agreement or “interested persons” (as defined under the 1940 Act) of any party thereto, cast in person at a meeting called for the purpose of voting on such approval. The Advisory Agreement will terminate automatically in the event of its assignment and is terminable at any time without penalty by the Board or, with respect to a Fund, by a majority of the outstanding voting securities of that Fund, or by the Adviser on not less than 30 days’ nor more than 60 days’ written notice to the Trust. Each Sub-Advisory Agreement will terminate automatically in the event of its assignment or in the event of the termination of the Advisory Agreement and is terminable at any time without penalty by the Board or, with respect to a Fund, by a majority of the outstanding voting securities of that Fund, or by the Adviser or Sub-Adviser on not less than 30 days’ nor more than 60 days’ written notice to the other party.

For its services under the Advisory Agreement, the Adviser is entitled to a fee, which is calculated daily and paid monthly, at the following annual rates based on the average daily net assets of each Fund:


		Advisory Fee
Catholic Responsible Investments Ultra Short Bond Fund		0.25%
Catholic Responsible Investments Short Duration Bond Fund		0.30%
Catholic Responsible Investments Bond Fund		0.30%
Catholic Responsible Investments Opportunistic Bond Fund		0.35%
Catholic Responsible Investments Equity Index Fund		0.06%
Catholic Responsible Investments Small-Cap Fund		0.20%
Catholic Responsible Investments Multi-Style US Equity Fund		0.60%
Catholic Responsible Investments International Equity Fund		0.74%
Catholic Responsible Investments International Small-Cap		0.96%
Catholic Responsible Investments Magnus 45/55 Fund		N/A
Catholic Responsible Investments Magnus 60/40 Alpha Plus Fund		N/A
Catholic Responsible Investments Magnus 60/40 Beta Plus Fund		N/A
Catholic Responsible Investments Magnus 75/25 Fund		N/A

The Magnus Funds do not pay an advisory fee due to the fact their sole investments are in CRI underlying funds.

For each Fund, the Adviser has contractually agreed to waive fees and reimburse expenses to the extent necessary to keep the Fund’s total annual Fund operating expenses (excluding shareholder servicing fees, interest, taxes, brokerage commissions and other costs and expenses relating to the securities that are purchased and sold by the Fund, dividend and interest expenses on securities sold short, acquired fund fees and expenses, fees and expenses incurred in connection with tax reclaim recovery services, other expenditures which are capitalized in accordance with generally accepted accounting principles, and other non-routine expenses (collectively, “excluded expenses”)) for each of that Fund’s share class(es) from exceeding certain levels as set forth below until February 28, 2025 (each, a “contractual expense limit”). In addition, the Adviser may receive from a Fund the difference between the total annual Fund operating expenses (not including excluded expenses) and the Fund’s contractual expense limit to recoup all or a portion of its prior fee waivers or expense reimbursements made during the rolling three-year period preceding the date of the recoupment if at any point total annual Fund operating expenses (not including excluded expenses) are below the contractual expense limit (i) at the time of the fee waiver and/or expense reimbursement and (ii) at the time of the recoupment. This agreement may

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be terminated: (i) by the Board, for any reason at any time; or (ii) by the Adviser, upon ninety (90) days’ prior written notice to the Trust, effective as of the close of business on February 28, 2025.


		Contractual Expense Limit
Catholic Responsible Investments Ultra Short Bond Fund		0.35%
Catholic Responsible Investments Short Duration Bond Fund		0.35%
Catholic Responsible Investments Bond Fund		0.37%
Catholic Responsible Investments Opportunistic Bond Fund		0.41%
Catholic Responsible Investments Equity Index Fund		0.09%
Catholic Responsible Investments Small-Cap Fund		0.31%
Catholic Responsible Investments Multi-Style US Equity Fund		0.69%
Catholic Responsible Investments International Equity Fund		0.84%
Catholic Responsible Investments International Small-Cap		1.15%
Catholic Responsible Investments Magnus 45/55 Fund		N/A
Catholic Responsible Investments Magnus 60/40 Alpha Plus Fund		N/A
Catholic Responsible Investments Magnus 60/40 Beta Plus Fund		N/A
Catholic Responsible Investments Magnus 75/25 Fund		N/A

As of April 30, 2024, the Adviser may seek as reimbursement of previously reduced fees for the Funds as follows:


	Expiring 2025		Expiring 2026		Total
Catholic Responsible Investments Ultra Short Bond Fund	$	120,451	$	119,892	$	240,343
Catholic Responsible Investments Short Duration Bond Fund		99,614		108,877		208,491
Catholic Responsible Investments Opportunistic Bond Fund		142,603		135,821		278,424
Catholic Responsible Investments Equity Index Fund		599,749		646,140		1,245,889
Catholic Responsible Investments International Small-Cap Fund		159,201		112,207		271,408
Catholic Responsible Investments Magnus 45/55 Fund		153,066		150,449		303,515
Catholic Responsible Investments Magnus 60/40 Alpha Plus Fund		280,525		233,501		514,026
Catholic Responsible Investments Magnus 60/40 Beta Plus Fund		195,740		181,672		377,412
Catholic Responsible Investments Magnus 75/25 Fund		171,575		182,270		353,845

During the period ended April 30, 2024, the Funds did not recapture any previously waived fees and/or reimbursed expenses.

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6. Investment Transactions:

For the period ended April 30, 2024, the purchases and sales of investment securities other than short-term investments and in-kind transactions, were as follows:


	U.S. Government		Other		Total
Catholic Responsible Investments Ultra Short Bond Fund
Purchases	$	—	$	1,294,410	$	1,294,410
Sales		—		2,740,302		2,740,302
Catholic Responsible Investments Short Duration Bond Fund
Purchases		35,324,425		69,825,188		105,149,613
Sales		29,519,836		75,019,417		104,539,253
Catholic Responsible Investments Bond Fund
Purchases		631,467,411		237,781,380		869,248,791
Sales		558,619,315		305,547,963		864,167,278
Catholic Responsible Investments Opportunistic Bond Fund
Purchases		199,418,937		142,955,659		342,374,596
Sales		168,297,467		134,914,899		303,212,366
Catholic Responsible Investments Equity Index Fund
Purchases		—		531,394,656		531,394,656
Sales		—		558,681,569		558,681,569
Catholic Responsible Investments Small-Cap Fund
Purchases		—		150,813,000		150,813,000
Sales		—		138,046,414		138,046,414
Catholic Responsible Investments Multi-Style US Equity Fund
Purchases		—		226,757,842		226,757,842
Sales		—		243,403,127		243,403,127
Catholic Responsible Investments International Equity Fund
Purchases		—		566,913,710		566,913,710
Sales		—		573,189,159		573,189,159
Catholic Responsible Investments International Small-Cap Fund
Purchases		—		52,438,750		52,438,750
Sales		—		49,899,299		49,899,299
Catholic Responsible Investments Magnus 45/55 Fund
Purchases		—		3,377,838		3,377,838
Sales		—		5,072,291		5,072,291
Catholic Responsible Investments Magnus 60/40 Alpha Plus Fund
Purchases		—		54,215,187		54,215,187
Sales		—		15,479,840		15,479,840
Catholic Responsible Investments Magnus 60/40 Beta Plus Fund
Purchases		—		25,264,021		25,264,021
Sales		—		23,244,439		23,244,439
Catholic Responsible Investments Magnus 75/25 Fund
Purchases		—		12,159,012		12,159,012
Sales		—		11,742,755		11,742,755

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7. Federal Tax Information:

The amount and character of income and capital gain distributions to be paid, if any, are determined in accordance with Federal income tax regulations, which may differ from U.S. GAAP. As a result, net investment income (loss) and net realized gain/(loss) on investment transactions for a reporting period may differ significantly from distributions during the period. The book/tax differences may be temporary or permanent. The permanent differences are primarily related to non-deductible organization costs and redemption-in-kind. To the extent these differences are permanent in nature, they are charged or credited to distributable earnings (accumulated losses) or paid-in capital as appropriate, in the period that the difference arises.

The tax character of dividends and distributions declared during the fiscal period ended October 31, 2022 and the year ended October 31, 2023, were as follows:


	Ordinary Income		Long-Term Capital Gain		Return of Capital		Total
Catholic Responsible Investments Ultra Short Bond Fund
2023		$2,767,156		$—		$—		$2,767,156
2022		422,750		—		—		422,750
Catholic Responsible Investments Short Duration Bond Fund
2023		15,562,537		—		—		15,562,537
2022		7,441,449		—		—		7,441,449
Catholic Responsible Investments Bond Fund
2023		72,490,356		—		—		72,490,356
2022		37,408,985		—		—		37,408,985
Catholic Responsible Investments Opportunistic Bond Fund
2023		23,163,030		—		—		23,163,030
2022		9,891,170		—		—		9,891,170
Catholic Responsible Investments Equity Index Fund
2023		45,202,137		—		—		45,202,137
2022		34,703,700		—		—		34,703,700
Catholic Responsible Investments Small-Cap Fund
2023		6,741,444		15,813,737		—		22,555,181
2022		4,675,712		—		—		4,675,712
Catholic Responsible Investments Multi-Style US Equity Fund
2023		3,903,550		—		—		3,903,550
2022		2,413,760		—		—		2,413,760
Catholic Responsible Investments International Equity Fund
2023		20,009,691		—		—		20,009,691
2022		16,356,456		—		—		16,356,456
Catholic Responsible Investments International Small-Cap Fund
2023		1,762,029		—		—		1,762,029
2022		1,201,904		—		—		1,201,904
Catholic Responsible Investments Magnus 45/55 Fund
2023		1,753,798		—		—		1,753,798
2022		76,301		—		—		76,301
Catholic Responsible Investments Magnus 60/40 Alpha Plus Fund
2023		17,053,393		—		—		17,053,393
2022		918,825		—		—		918,825
Catholic Responsible Investments Magnus 60/40 Beta Plus Fund
2023		7,127,888		—		—		7,127,888
2022		305,435		—		—		305,435
Catholic Responsible Investments Magnus 75/25 Fund
2023		5,754,881		—		—		5,754,881
2022		207,489		—		—		207,489

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As of October 31, 2023, the components of distributable earnings (accumulated losses) on a tax basis were as follows:


	Undistributed Ordinary Income		Undistributed Long-Term Capital Gain		Capital Loss Carryforwards			Unrealized Appreciation (Depreciation)			Other Temporary Differences			Total Distributable Earnings (Accumulated Losses)
Catholic Responsible Investments Ultra Short Bond Fund	$	169,557	$	627	$	—		$	31,410		$	—		$	201,594
Catholic Responsible Investments Short Duration Bond Fund		7,868		—		(18,934,991	)		(11,892,366	)		(22	)		(30,819,511	)
Catholic Responsible Investments Bond Fund		158,783		—		(148,816,431	)		(202,467,275	)		83,745			(351,041,178	)
Catholic Responsible Investments Opportunistic Bond Fund		40,806		—		(35,147,398	)		(21,178,604	)		2			(56,285,194	)
Catholic Responsible Investments Equity Index Fund		2,906,723		—		(33,817,157	)		1,096,266,142			2			1,065,355,710
Catholic Responsible Investments Small-Cap Fund		399,600		—		(17,935,999	)		10,212,257			—			(7,324,142	)
Catholic Responsible Investments Multi-Style US Equity Fund		146,316		—		(29,837,860	)		27,289,413			—			(2,402,131	)
Catholic Responsible Investments International Equity Fund		4,790,246		—		(17,599,098	)		57,714,292			(2	)		44,905,438
Catholic Responsible Investments International Small-Cap Fund		425,513		—		(6,818,114	)		(5,174,204	)		148			(11,566,657	)
Catholic Responsible Investments Magnus 45/55 Fund		2,529,761		—		(1,237,732	)		(243,750	)		(1	)		1,048,278
Catholic Responsible Investments Magnus 60/40 Alpha Plus Fund		19,703,168		—		—			25,654,727			(2	)		45,357,893
Catholic Responsible Investments Magnus 60/40 Beta Plus Fund		8,277,805		—		(343,012	)		20,757,274			—			28,692,067
Catholic Responsible Investments Magnus 75/25 Fund		4,733,463		7,134		—			17,643,406			1			22,384,004

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For Federal income tax purposes, capital loss carryforwards may be carried forward and applied against future capital gains. Losses carried forward are as follows:


	Short-Term Loss		Long-Term Loss		Total
Catholic Responsible Investments Short Duration Bond Fund	$	7,208,832	$	11,726,159	$	18,934,991
Catholic Responsible Investments Bond Fund		65,518,908		83,297,523		148,816,431
Catholic Responsible Investments Opportunistic Bond Fund		17,714,623		17,432,775		35,147,398
Catholic Responsible Investments Equity Index Fund		26,361,406		7,455,751		33,817,157
Catholic Responsible Investments Small-Cap Fund		5,086,113		12,849,886		17,935,999
Catholic Responsible Investments Multi-Style US Equity Fund		11,484,295		18,353,565		29,837,860
Catholic Responsible Investments International Equity Fund		15,237,643		2,361,455		17,599,098
Catholic Responsible Investments International Small-Cap Fund		4,027,382		2,790,732		6,818,114
Catholic Responsible Investments Magnus 45/55 Fund		670,857		566,875		1,237,732
Catholic Responsible Investments Magnus 60/40 Beta Plus Fund		—		343,012		343,012

During the year ended October 31, 2023, the Catholic Responsible Investments Ultra Short Bond Fund utilized $15,684, the Catholic Responsible Investments Magnus 45/55 Fund utilized $229,963 and the Catholic Responsible Investments Magnus 60/40 Alpha Plus Fund utilized $705,213, respectively, of capital loss carryforward to offset capital gains.

The differences between book and tax-basis unrealized appreciation and depreciation are attributable primarily to the tax deferral of losses on wash sales, passive foreign investment companies and perpetual bonds. The federal tax cost and aggregate gross unrealized appreciation and depreciation on investments held by the Funds at April 30, 2024, were as follows:


	Federal Tax Cost		Aggregate Gross Unrealized Appreciation		Aggregate Gross Unrealized Depreciation			Net Unrealized Appreciation (Depreciation)
Catholic Responsible Investments Ultra Short Bond Fund	$	58,151,516	$	29,904	$	(6,371	)	$	23,533
Catholic Responsible Investments Short Duration Bond Fund		481,805,146		1,177,659		(6,919,821	)		(5,742,162	)
Catholic Responsible Investments Bond Fund		2,075,293,984		4,690,984		(141,163,157	)		(136,472,173	)
Catholic Responsible Investments Opportunistic Bond Fund		579,105,492		2,258,943		(11,132,149	)		(8,873,206	)
Catholic Responsible Investments Equity Index Fund		1,835,549,185		1,775,603,023		(53,350,809	)		1,722,252,214
Catholic Responsible Investments Small-Cap Fund		416,546,452		134,817,630		(54,521,142	)		80,296,488
Catholic Responsible Investments Multi-Style US Equity Fund		659,224,914		175,738,805		(25,103,428	)		150,635,377
Catholic Responsible Investments International Equity Fund		1,148,429,287		304,425,959		(52,992,454	)		251,433,505
Catholic Responsible Investments International Small-Cap Fund		78,736,289		14,591,270		(6,729,631	)		7,861,639
Catholic Responsible Investments Magnus 45/55 Fund		112,497,128		16,076,278		(3,805,771	)		12,270,507
Catholic Responsible Investments Magnus 60/40 Alpha Plus Fund		1,052,349,416		198,093,813		(33,272,581	)		164,821,232
Catholic Responsible Investments Magnus 60/40 Beta Plus Fund		383,690,080		86,180,597		(12,537,834	)		73,642,763
Catholic Responsible Investments Magnus 75/25 Fund		235,859,653		61,565,724		(6,054,298	)		55,511,426

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8. Concentration of Shareholders:

At April 30, 2024, the percentage of total shares outstanding held by Institutional Class shareholders for each Fund, which are comprised of individual shareholders and omnibus accounts that are held on behalf of various individual shareholders was as follows:


	No. of Shareholders	% Ownership
Catholic Responsible Investments Ultra Short Bond Fund	3	20
Catholic Responsible Investments Short Duration Bond Fund	3	41
Catholic Responsible Investments Bond Fund	2	20
Catholic Responsible Investments Opportunistic Bond Fund	4	42
Catholic Responsible Investments Equity Index Fund	3	24
Catholic Responsible Investments Small-Cap Fund	4	75
Catholic Responsible Investments Multi-Style US Equity Fund	4	58
Catholic Responsible Investments International Equity Fund	3	31
Catholic Responsible Investments International Small-Cap Fund	4	75
Catholic Responsible Investments Magnus 45/55 Fund	5	70
Catholic Responsible Investments Magnus 60/40 Alpha Plus Fund	5	44
Catholic Responsible Investments Magnus 60/40 Beta Plus Fund	6	44
Catholic Responsible Investments Magnus 75/25 Fund	7	52

In the normal course of business, the Funds enter into contracts that provide general indemnifications. The Funds’ maximum exposure under these arrangements is dependent on future claims that may be made against the Funds and, therefore, cannot be established; however, based on experience, the risk of loss from such claim is considered remote.

9. Concentration of Risks:

The foregoing is not intended to be a complete discussion of the risks associated with investing in a Fund. Please review each Fund’s prospectus for additional disclosures regarding the principal risks associated with investing in a particular Fund.

As with all mutual funds, there is no guarantee that the Funds will achieve their investment objectives. You could lose money by investing in the Funds. A Fund share is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any government agency. The principal risk factors affecting shareholders’ investments in the Funds are set forth below.

Fixed Income Market Risk — The prices of the Fund’s fixed income securities respond to economic developments, particularly interest rate changes, as well as to perceptions about the creditworthiness of individual issuers, including governments and their agencies. Generally, the Fund’s fixed income securities will decrease in value if interest rates rise and vice versa. In a low interest rate environment, risks associated with rising rates are heightened. Declines in dealer market-making capacity as a result of structural or regulatory changes could decrease liquidity and/or increase volatility in the fixed income markets. Broad movements in financial markets may adversely affect the price of the Fund’s investments, regardless of how well the companies in which the Fund invests perform. In addition, the impact of any epidemic, pandemic or natural disaster, or widespread fear that such events may occur, could negatively affect the global economy, as well as the economies of individual countries, the financial performance of individual companies and sectors, and the markets in general in significant and unforeseen ways. Any such impact could adversely affect the prices and liquidity of the securities and other instruments in which the Fund invests, which in turn could negatively impact the Fund’s performance and cause losses on your investment in the Fund.

Equity Risk — The risk that stock prices will fall over short or extended periods of time, sometimes rapidly and unpredictably. The value of equity securities will fluctuate in response to factors affecting a particular company, as well as broader market and economic conditions. Broad movements in financial markets may adversely affect the price of the Fund’s investments, regardless of how well the companies in which the Fund invests perform. In addition, the impact of any epidemic, pandemic or natural disaster, or widespread fear that such events may occur, could negatively affect the global economy, as well as the economies of individual countries, the financial performance of individual companies and sectors, and the markets in general in significant and unforeseen ways. Any such impact could adversely affect

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the prices and liquidity of the securities and other instruments in which the Fund invests, which in turn could negatively impact the Fund’s performance and cause losses on your investment in the Fund. Moreover, in the event of a company’s bankruptcy, claims of certain creditors, including bondholders, will have priority over claims of common stock holders such as the Fund.

Derivatives Risk — Futures contracts, forward contracts, options and swaps are subject to market risk, leverage risk, correlation risk and liquidity risk. Many over-the-counter (“OTC”) derivative instruments will not have liquidity beyond the counterparty to the instrument. Leverage risk is the risk that a small percentage of assets invested in derivatives can have a disproportionately larger impact on the Fund’s performance. Correlation risk is the risk that changes in the value of the derivative may not correlate perfectly with the underlying asset, rate or index. Forward contracts and swap agreements are also subject to credit risk and valuation risk. Valuation risk is the risk that the derivative may be difficult to value and/or may be valued incorrectly. Credit risk is described elsewhere in this section. Each of these risks could cause the Fund to lose more than the principal amount invested in a derivative instrument. Some derivatives have the potential for unlimited loss, regardless of the size of an initial investment. The other parties to certain derivative contracts present the same types of credit risk as issuers of fixed income securities. The use of derivatives may also increase the amount of taxes payable by shareholders. Both U.S. and non-U.S. regulators have adopted and implemented regulations governing derivatives markets, the ultimate impact of which remains unclear.

Foreign Currency Risk — Because non-U.S. securities are usually denominated in currencies other than the dollar, the value of a Fund’s portfolio may be influenced by currency exchange rates and exchange control regulations. The currencies of emerging market countries may experience significant declines against the U.S. dollar, and devaluation may occur subsequent to investments in these currencies by a Fund. Inflation and rapid fluctuations in inflation rates have had, and may continue to have, negative effects on the economies and securities markets of certain emerging market countries.

Investments in Underlying Funds Risk — The value of an investment in the Funds is based primarily on the prices of the Underlying Funds in which the Funds invest. In turn, the price of each Underlying Fund is based on the value of its assets. Each Fund, and thus its shareholders, bears its own direct expenses in addition to bearing a proportionate share of expenses of the Underlying Funds, which may make owning shares of such Fund more costly than owning shares of the Underlying Funds directly. Before investing in the Funds, investors should assess the risks associated with the Underlying Funds and the types of investments made by those Underlying Funds. These risks include any combination of the risks described elsewhere in this section, although a Fund’s exposure to a particular risk will be proportionate to the Fund’s overall asset allocation and Underlying Fund allocation.

10. In-Kind Transfers of Securities:

The Funds may issue or redeem shares in-kind. These securities and cash, if any, are transferred at their current value on the date of such transactions. Any recognized gain is included on the Statements of Operations under Net Realized Gain (Loss) on Investments. There were no in-kind transfers during the period ended April 30, 2024.

Due to the Funds’ reorganization on December 6, 2021, the Funds received contributions in-kind of investment securities. The securities were received in a tax-free transaction at their current fair value including unrealized appreciation/ depreciation as noted in the table below on the date of the transactions. The Funds made an accounting policy election to carryforward the historical cost basis of the securities transferred given the tax-free nature of the transaction. As a result of this contribution, the following units of the Fund were issued for assets valued at:

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	Units Issued		Securities At Value		Cash		Income Receivable		Other		Total Assets		Unrealized Appreciation (Depreciation)
Catholic Responsible Investments Ultra Short Bond Fund		6,167,174	$	50,062,171	$	11,592,443	$	47,908	$	—	$	61,702,522	$	(24,654	)
Catholic Responsible Investments Short Duration Bond Fund		53,069,668		508,549,766		19,311,957		2,597,565		—		530,459,288		(151,761	)
Catholic Responsible Investments Bond Fund		177,862,008		1,708,891,087		62,494,447		6,506,080		1,029,109		1,778,920,723		49,389,396
Catholic Responsible Investments Opportunistic Bond Fund		52,152,969		502,844,264		16,260,246		2,412,933		2,167		521,519,610		1,978,291
Catholic Responsible Investments Equity Index Fund		333,201,648		3,327,560,433		380,171		3,833,324		27,536		3,331,801,464		1,349,580,320
Catholic Responsible Investments Small-Cap Fund		51,612,440		515,226,417		485,709		417,745		—		516,129,871		108,362,292
Catholic Responsible Investments Multi-Style US Equity Fund		79,868,550		798,383,041		16,731		444,471		6,437		798,850,680		82,513,106
Catholic Responsible Investments International Equity Fund		130,018,252		1,262,019,716		37,303,994		962,979		13,670		1,300,300,359		277,330,531
Catholic Responsible Investments International Small-Cap Fund		7,670,860		72,842,536		3,793,960		74,782		—		76,711,278		4,831,673
Catholic Responsible Investments Magnus 45/55 Fund		9,158,563		91,564,944		1,439		—		—		91,566,383		11,952,648
Catholic Responsible Investments Magnus 60/40 Alpha Plus Fund		118,573,471		1,185,789,677		114,685		—		—		1,185,904,362		188,485,112
Catholic Responsible Investments Magnus 60/40 Beta Plus Fund		32,272,630		352,671,372		17,874		—		—		352,689,246		67,719,305
Catholic Responsible Investments Magnus 75/25 Fund		30,470,066		304,697,617		4,988		—		—		304,702,605		52,259,822

11. Subsequent Events:

The Funds have evaluated the need for additional disclosures and/or adjustments resulting from subsequent events through the date the financial statements were issued. Based on this evaluation, no additional disclosures and/or adjustments, other than that listed below, were required to the financial statements as of April 30, 2024.

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DISCLOSURE OF FUND EXPENSES

All mutual funds have operating expenses. As a shareholder of a mutual fund, your investment is affected by these ongoing costs, which include (among others) costs for Fund management, administrative services, and shareholder reports like this one. It is important for you to understand the impact of these costs on your investment returns. Operating expenses such as these are deducted from the mutual fund’s gross income and directly reduce your final investment return. These expenses are expressed as a percentage of the mutual fund’s average net assets; this percentage is known as the mutual fund’s expense ratio.

The following examples use the expense ratio and are intended to help you understand the ongoing costs (in dollars) of investing in your Fund and to compare these costs with those of other mutual funds. The examples are based on an investment of $1,000 made at the beginning of the period shown and held for the entire period from November 1, 2023 to April 30, 2024.

The table on the next page illustrates your Fund’s costs in two ways:

• Actual Fund Return. This section helps you to estimate the actual expenses after fee waivers that your Fund incurred over the period. The “Expenses Paid During Period” column shows the actual dollar expense cost incurred by a $1,000 investment in the Fund, and the “Ending Account Value” number is derived from deducting that expense cost from the Fund’s gross investment return.

You can use this information, together with the actual amount you invested in the Fund, to estimate the expenses you paid over that period. Simply divide your ending starting account value by $1,000 to arrive at a ratio (for example, an $8,600 account value divided by $1,000 = 8.6), then multiply that ratio by the number shown for your Fund under “Expenses Paid During Period.”

• Hypothetical 5% Return. This section helps you compare your Fund’s costs with those of other mutual funds. It assumes that the Fund had an annual 5% return before expenses during the year, but that the expense ratio (Column 3) for the period is unchanged. This example is useful in making comparisons because the Securities and Exchange Commission requires all mutual funds to make this 5% calculation. You can assess your Fund’s comparative cost by comparing the hypothetical result for your Fund in the “Expenses Paid During Period” column with those that appear in the same charts in the shareholder reports for other mutual funds.

Note: Because the return is set at 5% for comparison purposes — NOT your Fund’s actual return — the account values shown may not apply to your specific investment.

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	Beginning Account Value 11/1/23		Ending Account Value 4/30/24		Annualized Expense Ratios			Expenses Paid During Period^*
Catholic Responsible Investments Ultra Short Bond Fund
Actual Fund Return
Institutional	$	1,000.00	$	1,026.40		0.35	%		$1.76
Hypothetical 5% Return
Institutional	$	1,000.00	$	1,023.12		0.35	%		$1.76
Catholic Responsible Investments Short Duration Bond Fund
Actual Fund Return
Institutional	$	1,000.00	$	1,029.90		0.35	%		$1.77
Hypothetical 5% Return
Institutional	$	1,000.00	$	1,023.12		0.35	%		$1.76
Catholic Responsible Investments Bond Fund
Actual Fund Return
Institutional	$	1,000.00	$	1,054.30		0.35	%		$1.79
Investor		1,000.00		1,053.40		0.50	%		2.55
Hypothetical 5% Return
Institutional	$	1,000.00	$	1,023.12		0.35	%		$1.76
Investor		1,000.00		1,022.38		0.50	%		2.51
Catholic Responsible Investments Opportunistic Bond Fund
Actual Fund Return
Institutional	$	1,000.00	$	1,043.60		0.41	%		$2.08
Investor		1,000.00		1,042.80		0.56	%		2.84
Hypothetical 5% Return
Institutional	$	1,000.00	$	1,022.83		0.41	%		$2.06
Investor		1,000.00		1,022.08		0.56	%		2.82
Catholic Responsible Investments Equity Index Fund
Actual Fund Return
Institutional	$	1,000.00	$	1,211.70		0.09	%		$0.49
Hypothetical 5% Return
Institutional	$	1,000.00	$	1,024.42		0.09	%		$0.45
Catholic Responsible Investments Small-Cap Fund
Actual Fund Return
Institutional	$	1,000.00	$	1,182.60		0.28	%		$1.52
Hypothetical 5% Return
Institutional	$	1,000.00	$	1,023.47		0.28	%		$1.41
Catholic Responsible Investments Multi-Style US Equity Fund
Actual Fund Return
Institutional	$	1,000.00	$	1,195.00		0.65	%		$3.55
Investor		1,000.00		1,194.10		0.80	%		4.36
Hypothetical 5% Return
Institutional	$	1,000.00	$	1,021.63		0.65	%		$3.27
Investor		1,000.00		1,020.89		0.80	%		4.02
Catholic Responsible Investments International Equity Fund
Actual Fund Return
Institutional	$	1,000.00	$	1,191.10		0.80	%		$4.36
Investor		1,000.00		1,190.80		0.95	%		5.17
Hypothetical 5% Return
Institutional	$	1,000.00	$	1,020.89		0.80	%		$4.02
Investor		1,000.00		1,020.14		0.95	%		4.77
Catholic Responsible Investments International Small-Cap Fund
Actual Fund Return
Institutional	$	1,000.00	$	1,194.70		1.15	%		$6.28
Hypothetical 5% Return
Institutional	$	1,000.00	$	1,019.15		1.15	%		$5.77

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	Beginning Account Value 11/1/23		Ending Account Value 4/30/24		Annualized Expense Ratios			Expenses Paid During Period^*
Catholic Responsible Investments Magnus 45/55 Fund
Actual Fund Return
Institutional	$	1,000.00	$	1,114.40		—	%		$–
Investor		1,000.00		1,113.50		0.15	%		0.79
Hypothetical 5% Return
Institutional	$	1,000.00	$	1,024.86		—	%		$–
Investor		1,000.00		1,024.12		0.15	%		0.75
Catholic Responsible Investments Magnus 60/40 Alpha Plus Fund
Actual Fund Return
Institutional	$	1,000.00	$	1,137.50		—	%		$–
Investor		1,000.00		1,136.60		0.15	%		0.80
Hypothetical 5% Return
Institutional	$	1,000.00	$	1,024.86		—	%		$–
Investor		1,000.00		1,024.12		0.15	%		0.75
Catholic Responsible Investments Magnus 60/40 Beta Plus Fund
Actual Fund Return
Institutional	$	1,000.00	$	1,138.20		—	%		$–
Investor		1,000.00		1,137.40		0.15	%		0.80
Hypothetical 5% Return
Institutional	$	1,000.00	$	1,024.86		—	%		$–
Investor		1,000.00		1,024.12		0.15	%		0.75
Catholic Responsible Investments Magnus 75/25 Fund
Actual Fund Return
Institutional	$	1,000.00	$	1,160.00		—	%		$–
Investor		1,000.00		1,159.20		0.15	%		0.81
Hypothetical 5% Return
Institutional	$	1,000.00	$	1,024.86		—	%		$–
Investor		1,000.00		1,024.12		0.15	%		0.75

*	Expenses are equal to the Fund’s annualized expense ratio multiplied by the average account value over the period, multiplied by 182/366 (to reflect the one-half year period.)

128

NOTES

Catholic Responsible Investments Funds

Investment Adviser:

Christian Brothers Investment Services, Inc.

125 S. Wacker Drive

Suite 2400

Chicago, Illinois 60606

Administrator:

SEI Investments Global Fund Services

One Freedom Valley Drive

Oaks, Pennsylvania 19456

Distributor:

SEI Investments Distribution Co.

One Freedom Valley Drive

Oaks, Pennsylvania 19456

Legal Counsel:

Morgan, Lewis & Bockius LLP

2222 Market Street

Philadelphia, Pennsylvania 19103

This information must be preceded or accompanied by a current prospectus for the Funds described.

CRI-SA-001-0300

(b)	Not applicable

Item 2.

Code of Ethics.

Not required for semi-annual report.

Item 3.

Audit Committee Financial Expert.

Not required for semi-annual report.

Item 4.

Principal Accountant Fees and Services.

Not required for semi-annual report.

Item 5.

Audit Committee of Listed Registrants.

Not applicable to open-end management investment companies.

Item 6.

Schedule of Investments.

Schedule of Investments is included as part of the Report to Shareholders filed under Item 1 of this form.

Item 7.

Disclosure of Proxy Voting Policies and Procedures for
Closed-End Management Investment Companies.

Not applicable to open-end management investment companies.

Item 8.

Portfolio Managers of Closed-End Management Investment Companies.

Not applicable to open-end management investment companies.

Item 9.

Purchases of Equity Securities by Closed-End Management
Investment Company and Affiliated Purchasers.

Not applicable to open-end management investment companies.

Item 10.

Submission of Matters to a Vote of Security Holders.

There have been no material changes to the registrant’s procedures by which shareholders may recommend nominees to the registrant’s board of trustees during the period covered by the report.

Item 11.

Controls and Procedures.

(a) The registrant’s principal executive and principal financial officers, or persons performing similar functions, have concluded that the registrant’s disclosure controls and procedures, as defined in Rule 30a-3(c) under the Act (17 CFR § 270.30a-3(c)) as of a date within 90 days of the filing date of the report, are effective based on the evaluation of these controls and procedures required by Rule 30a-3(b) under the Act (17 CFR § 270.30a-3(b)) and Rules 13a-15(b) or 15d-15(b) under the Securities Exchange Act of 1934 (17 CFR § 240.13a-15(b) or 240.15d-15(b)).

(b) There were no changes in the registrant’s internal control over financial reporting (as defined in Rule 30a-3(d) under the Act (17 CFR § 270.30a-3(d)) that occurred during the period covered by this report that have materially affected, or are reasonably likely to materially affect, the registrant’s internal control over financial reporting.

Item 12.

Disclosure of Securities Lending Activities for Closed-End
Management Investment Companies.

Not applicable to open-end management investment companies.

Item 18.

Recovery of Erroneously Awarded Compensation.

(a) Not applicable.

(b) Not applicable.

Item 19.

Exhibits.

(a)(1) Not required for semi-annual report.

(a)(2) Separate certifications for the principal executive officer and the principal financial officer of the registrant as required by Rule 30a-2(a) under the Investment Company Act of 1940, as amended (17 CFR§ 270.30a-2(a)) are filed herewith.

(b) Officer certifications as required by Rule 30a-2(b) under the Investment Company Act of 1940, as amended (17 CFR § 270.30a-2(b)) also accompany this filing as an exhibit.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.


(Registrant)		Catholic Responsible Investments Funds

By:		/s/ Michael Beattie
		Michael Beattie, Principal Executive Officer

Date:		July 8, 2024

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.


By:		/s/ Michael Beattie
		Michael Beattie, Principal Executive Officer

Date:		July 8, 2024

By:		/s/ Andrew Metzger
		Andrew Metzger, Principal Financial Officer

Date:		July 8, 2024

Catholic Responsible Investments Funds N-CSRSCertified semi-annual shareholder report (management investment company)