Catholic Financial Services hired Mellon Equity Associates as subadviser to the Catholic New Equity Fund, which it is creating by merging three equity mutual funds, according to an SEC proxy filing. The company is seeking shareholder approval. It is merging the $5.7 million Catholic Equity Income Fund, subadvised by Todd Investment Advisors; the $6.3 million Catholic Large-Cap Growth Fund, subadvised by Peregrine Capital Management; and the $5.0 million Catholic Disciplined Capital Appreciation Fund, sub-advised by Vantage Global Advisors.
The new all-cap domestic equity fund’s investments will be selected using a screen that focuses on Catholic values, such as respect for life and avoidance of military products.
