Catholic Equity Fund Unveiled

April 23, 2002 ( - Catholic Financial Services Corporation (CFSC) launched the restructured, enhanced index fund, The Catholic Equity Fund with the consolidation of three funds from The Catholic Funds family.

The Catholic Equity Fund seeks to obtain a total return that is equal to the total return of the S&P 500 Index, less the fund’s operating expenses.

At the same time, the company will use its power as a shareholder to persuade corporate management to act consistent with Catholic values.

The Catholic Equity Fund is sub-advised by Mellon Equity Associates.

Daniel J. Steininger, Chairman, The Catholic Funds, Inc said in a media release that, “the Funds will invest in accordance with two specific core Catholic values,” excluding companies that do not act in accordance with the church’s stance on the issue of abortion. The group also excludes companies whose business practices are inconsistent with the dignity and primacy of the human person.

Wisconsin-based CFSC is the distributor and adviser for The Catholic Funds and is owned by a consortium of four Catholic fraternal societies: Catholic Knights, Catholic Order of Foresters, Catholic Knights of America and Catholic Union of Texas.