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)

SEI Investments

One Freedom Valley Drive

Oaks, PA 19456

(Address of principal executive offices) (Zip code)

SEI Investments

One Freedom Valley Drive

Oaks, PA 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, 2026

Date of reporting period: April 30, 2026

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.

Catholic Responsible Investments Funds

Catholic Responsible Investments Ultra Short Bond Fund

Institutional Class Shares - CRHSX

Semi-Annual Shareholder Report: April 30, 2026

This semi-annual shareholder report contains important information about Institutional Class Shares of the Catholic Responsible Investments Ultra Short Bond Fund (the "Fund") for the period from November 1, 2025 to April 30, 2026. You can find additional information about the Fund at https://cbisonline.com/us/legal-financial/. You can also request this information by contacting us at 866-348-6466.

What were the Fund costs for the last six months?

(based on a hypothetical $10,000 investment)

Table Summary
Fund Name	Costs of a $10,000 investment	Costs paid as a percentage of a $10,000 investment
Catholic Responsible Investments Ultra Short Bond Fund, Institutional Class Shares	$18	0.35%

Key Fund Statistics as of April 30, 2026

Table Summary
	Total Net Assets	Number of Holdings	Total Advisory Fees Paid	Portfolio Turnover Rate
	$96,300,730	148	$72,057	10%

What did the Fund invest in?

Asset Weightings^{Footnote Reference*}

Table Summary
Value	Value
Mortgage-Backed Securities	1.7%
Commercial Paper	12.3%
Asset-Backed Securities	14.6%
Repurchase Agreements	15.1%
Corporate Obligations	19.2%
U.S. Treasury Obligations	37.0%

Footnote	Description
Footnote^*	Percentages are calculated based on total net assets.

Top Ten Holdings

Table Summary
Holding Name	Coupon Rate	Maturity Date	Percentage of Total Net Assets^{Footnote Reference(A)}
U.S. Treasury Bills	3.763%	05/14/26	5.1%
U.S. Treasury Bills	3.646%	06/11/26	5.0%
U.S. Treasury Bills	3.633%	07/23/26	3.5%
U.S. Treasury Bills	3.623%	05/26/26	3.0%
U.S. Treasury Bills	3.636%	06/16/26	3.0%
U.S. Treasury Bills	3.651%	05/05/26	3.0%
U.S. Treasury Bills	3.623%	05/28/26	3.0%
U.S. Treasury Bills	3.600%	05/19/26	2.1%
U.S. Treasury Bills	3.781%	05/21/26	2.0%
U.S. Treasury Bills	3.599%	09/03/26	1.9%

Footnote	Description
Footnote^(A)	Repurchase Agreements and Short-Term Investments are not shown in the top ten chart.

Material Fund Changes

There were no material changes during the reporting period.

Changes in and Disagreements with Accountants

There were no changes in or disagreements with accountants during the reporting period.

Additional Information

For additional information about the Fund, including its prospectus, financial information, holdings, and proxy voting information, call or visit:

866-348-6466
https://cbisonline.com/us/legal-financial/

Householding

Rule 30e-1 of the Investment Company Act of 1940, as amended, permits funds to transmit only one copy of a proxy statement, annual report or semi-annual report to shareholders (who need not be related) with the same residential, commercial or electronic address, provided that the shareholders have consented in writing and the reports are addressed either to each shareholder individually or to the shareholders as a group. This process is known as “householding” and is designed to reduce the duplicate copies of materials that shareholders receive and to lower printing and mailing costs for funds. Once implemented, if you would like to discontinue householding for your accounts, please call toll-free at 866-348-6466 to request individual copies of these documents. Once the Fund receives notice to stop householding, we will begin sending individual copies 30 days after receiving your request.

CRHSX-SAR-2026

Catholic Responsible Investments Funds

Catholic Responsible Investments Short Duration Bond Fund

Institutional Class Shares - CRDSX

Semi-Annual Shareholder Report: April 30, 2026

This semi-annual shareholder report contains important information about Institutional Class Shares of the Catholic Responsible Investments Short Duration Bond Fund (the "Fund") for the period from November 1, 2025 to April 30, 2026. You can find additional information about the Fund at https://cbisonline.com/us/legal-financial/. You can also request this information by contacting us at 866-348-6466.

What were the Fund costs for the last six months?

(based on a hypothetical $10,000 investment)

Table Summary
Fund Name	Costs of a $10,000 investment	Costs paid as a percentage of a $10,000 investment
Catholic Responsible Investments Short Duration Bond Fund, Institutional Class Shares	$17	0.35%

Key Fund Statistics as of April 30, 2026

Table Summary
	Total Net Assets	Number of Holdings	Total Advisory Fees Paid	Portfolio Turnover Rate
	$574,796,238	487	$772,233	30%

What did the Fund invest in?

Asset Weightings^{Footnote Reference*}

Table Summary
Value	Value
Futures Contracts	-0.1%
U.S. Government Agency Obligations	0.1%
Bank Loan Obligation	0.2%
Sovereign Debt	1.0%
Repurchase Agreements	1.8%
Municipal Bonds	5.4%
Mortgage-Backed Securities	11.5%
Asset-Backed Securities	19.9%
U.S. Treasury Obligations	20.3%
Corporate Obligations	39.2%

Footnote	Description
Footnote^*	Percentages are calculated based on total net assets.

Top Ten Holdings

Table Summary
Holding Name	Coupon Rate	Maturity Date	Percentage of Total Net Assets^{Footnote Reference(A)}
U.S. Treasury Notes	4.250%	01/15/28	3.2%
U.S. Treasury Notes	0.625%	12/31/27	3.1%
U.S. Treasury Notes	3.625%	08/15/28	3.0%
U.S. Treasury Notes	1.250%	06/30/28	2.9%
U.S. Treasury Notes	3.875%	07/15/28	2.6%
U.S. Treasury Notes	3.500%	11/15/28	2.3%
U.S. Treasury Notes	3.125%	08/31/27	1.6%
U.S. Treasury Notes	3.375%	09/15/28	1.5%
JPMorgan Chase, SOFR + 1.330%	6.070%	10/22/27	0.9%
Norfolk Southern	2.300%	05/15/31	0.8%

Footnote	Description
Footnote^(A)	Repurchase Agreements are not shown in the top ten chart.

Material Fund Changes

There were no material changes during the reporting period.

Changes in and Disagreements with Accountants

There were no changes in or disagreements with accountants during the reporting period.

Additional Information

For additional information about the Fund, including its prospectus, financial information, holdings, and proxy voting information, call or visit:

866-348-6466
https://cbisonline.com/us/legal-financial/

Householding

CRDSX-SAR-2026

Catholic Responsible Investments Funds

Catholic Responsible Investments Bond Fund

Institutional Class Shares - CRBSX

Semi-Annual Shareholder Report: April 30, 2026

This semi-annual shareholder report contains important information about Institutional Class Shares of the Catholic Responsible Investments Bond Fund (the "Fund") for the period from November 1, 2025 to April 30, 2026. You can find additional information about the Fund at https://cbisonline.com/us/legal-financial/. You can also request this information by contacting us at 866-348-6466.

What were the Fund costs for the last six months?

(based on a hypothetical $10,000 investment)

Table Summary
Fund Name	Costs of a $10,000 investment	Costs paid as a percentage of a $10,000 investment
Catholic Responsible Investments Bond Fund, Institutional Class Shares	$17	0.35%

Key Fund Statistics as of April 30, 2026

Table Summary
	Total Net Assets	Number of Holdings	Total Advisory Fees Paid	Portfolio Turnover Rate
	$2,559,154,820	1,467	$3,775,138	34%

What did the Fund invest in?

Asset Weightings^{Footnote Reference*}

Table Summary
Value	Value
Futures Contracts	-0.1%
U.S. Government Agency Obligation	0.0%
Bank Loan Obligations	0.1%
Short-Term Investment	0.4%
Sovereign Debt	1.3%
Municipal Bonds	3.1%
Asset-Backed Securities	10.9%
Mortgage-Backed Securities	27.4%
U.S. Treasury Obligations	27.7%
Corporate Obligations	28.0%

Footnote	Description
Footnote^*	Percentages are calculated based on total net assets.

Top Ten Holdings

Table Summary
Holding Name	Coupon Rate	Maturity Date	Percentage of Total Net Assets^{Footnote Reference(A)}
U.S. Treasury Notes	3.875%	08/15/34	3.1%
U.S. Treasury Notes	3.625%	10/31/30	1.9%
U.S. Treasury Notes	3.500%	01/15/29	1.7%
U.S. Treasury Notes	4.000%	11/15/35	1.5%
U.S. Treasury Notes, USBMMY3M + 0.099%	3.742%	01/31/28	1.4%
U.S. Treasury Notes, USBMMY3M + 0.190%	3.833%	10/31/27	1.4%
U.S. Treasury Notes	4.250%	08/15/35	1.2%
U.S. Treasury Inflation Indexed Bond	2.375%	02/15/56	0.9%
U.S. Treasury Notes	4.375%	01/31/32	0.7%
U.S. Treasury Notes	3.500%	03/15/29	0.7%

Footnote	Description
Footnote^(A)	Short-Term Investments are not shown in the top ten chart.

Material Fund Changes

There were no material changes during the reporting period.

Changes in and Disagreements with Accountants

There were no changes in or disagreements with accountants during the reporting period.

Additional Information

For additional information about the Fund, including its prospectus, financial information, holdings, and proxy voting information, call or visit:

866-348-6466
https://cbisonline.com/us/legal-financial/

Householding

CRBSX-SAR-2026

Catholic Responsible Investments Funds

Catholic Responsible Investments Bond Fund

Investor Class Shares - CRBVX

Semi-Annual Shareholder Report: April 30, 2026

This semi-annual shareholder report contains important information about Investor Class Shares of the Catholic Responsible Investments Bond Fund (the "Fund") for the period from November 1, 2025 to April 30, 2026. You can find additional information about the Fund at https://cbisonline.com/us/legal-financial/. You can also request this information by contacting us at 866-348-6466.

What were the Fund costs for the last six months?

(based on a hypothetical $10,000 investment)

Table Summary
Fund Name	Costs of a $10,000 investment	Costs paid as a percentage of a $10,000 investment
Catholic Responsible Investments Bond Fund, Investor Class Shares	$25	0.50%

Key Fund Statistics as of April 30, 2026

Table Summary
	Total Net Assets	Number of Holdings	Total Advisory Fees Paid	Portfolio Turnover Rate
	$2,559,154,820	1,467	$3,775,138	34%

What did the Fund invest in?

Asset Weightings^{Footnote Reference*}

Table Summary
Value	Value
Futures Contracts	-0.1%
U.S. Government Agency Obligation	0.0%
Bank Loan Obligations	0.1%
Short-Term Investment	0.4%
Sovereign Debt	1.3%
Municipal Bonds	3.1%
Asset-Backed Securities	10.9%
Mortgage-Backed Securities	27.4%
U.S. Treasury Obligations	27.7%
Corporate Obligations	28.0%

Footnote	Description
Footnote^*	Percentages are calculated based on total net assets.

Top Ten Holdings

Table Summary
Holding Name	Coupon Rate	Maturity Date	Percentage of Total Net Assets^{Footnote Reference(A)}
U.S. Treasury Notes	3.875%	08/15/34	3.1%
U.S. Treasury Notes	3.625%	10/31/30	1.9%
U.S. Treasury Notes	3.500%	01/15/29	1.7%
U.S. Treasury Notes	4.000%	11/15/35	1.5%
U.S. Treasury Notes, USBMMY3M + 0.099%	3.742%	01/31/28	1.4%
U.S. Treasury Notes, USBMMY3M + 0.190%	3.833%	10/31/27	1.4%
U.S. Treasury Notes	4.250%	08/15/35	1.2%
U.S. Treasury Inflation Indexed Bond	2.375%	02/15/56	0.9%
U.S. Treasury Notes	4.375%	01/31/32	0.7%
U.S. Treasury Notes	3.500%	03/15/29	0.7%

Footnote	Description
Footnote^(A)	Short-Term Investments are not shown in the top ten chart.

Material Fund Changes

There were no material changes during the reporting period.

Changes in and Disagreements with Accountants

There were no changes in or disagreements with accountants during the reporting period.

Additional Information

For additional information about the Fund, including its prospectus, financial information, holdings, and proxy voting information, call or visit:

866-348-6466
https://cbisonline.com/us/legal-financial/

Householding

CRBVX-SAR-2026

Catholic Responsible Investments Funds

Catholic Responsible Investments Opportunistic Bond Fund

Institutional Class Shares - CROSX

Semi-Annual Shareholder Report: April 30, 2026

This semi-annual shareholder report contains important information about Institutional Class Shares of the Catholic Responsible Investments Opportunistic Bond Fund (the "Fund") for the period from November 1, 2025 to April 30, 2026. You can find additional information about the Fund at https://cbisonline.com/us/legal-financial/. You can also request this information by contacting us at 866-348-6466.

What were the Fund costs for the last six months?

(based on a hypothetical $10,000 investment)

Table Summary
Fund Name	Costs of a $10,000 investment	Costs paid as a percentage of a $10,000 investment
Catholic Responsible Investments Opportunistic Bond Fund, Institutional Class Shares	$20	0.41%

Key Fund Statistics as of April 30, 2026

Table Summary
	Total Net Assets	Number of Holdings	Total Advisory Fees Paid	Portfolio Turnover Rate
	$756,184,805	404	$1,231,347	78%

What did the Fund invest in?

Asset Weightings^{Footnote Reference*}

Table Summary
Value	Value
U.S. Government Agency Obligation	0.0%
Short-Term Investment	0.1%
Bank Loan Obligations	0.3%
Sovereign Debt	1.5%
Municipal Bonds	2.1%
Asset-Backed Securities	19.7%
Corporate Obligations	23.0%
U.S. Treasury Obligations	25.7%
Mortgage-Backed Securities	26.5%

Footnote	Description
Footnote^*	Percentages are calculated based on total net assets.

Top Ten Holdings

Table Summary
Holding Name	Coupon Rate	Maturity Date	Percentage of Total Net Assets^{Footnote Reference(A)}
U.S. Treasury Notes	3.875%	04/30/31	7.3%
U.S. Treasury Notes, USBMMY3M + 0.099%	3.742%	01/31/28	6.6%
U.S. Treasury Notes, USBMMY3M + 0.190%	3.833%	10/31/27	6.6%
U.S. Treasury Notes, USBMMY3M + 0.159%	3.802%	07/31/27	2.4%
U.S. Treasury Notes	3.625%	10/31/30	1.1%
GNMA	6.000%	01/20/56	0.9%
GNMA	6.000%	07/20/54	0.8%
Madison Park Funding XXXVI, Ser 2025-36A, Cl D1RR, TSFR3M + 2.550%	6.223%	04/15/35	0.8%
GNMA	5.500%	07/20/55	0.7%
GNMA	5.500%	06/20/55	0.7%

Footnote	Description
Footnote^(A)	Short-Term Investments are not shown in the top ten chart.

Material Fund Changes

There were no material changes during the reporting period.

Changes in and Disagreements with Accountants

There were no changes in or disagreements with accountants during the reporting period.

Additional Information

For additional information about the Fund, including its prospectus, financial information, holdings, and proxy voting information, call or visit:

866-348-6466
https://cbisonline.com/us/legal-financial/

Householding

CROSX-SAR-2026

Catholic Responsible Investments Funds

Catholic Responsible Investments Opportunistic Bond Fund

Investor Class Shares - CROVX

Semi-Annual Shareholder Report: April 30, 2026

This semi-annual shareholder report contains important information about Investor Class Shares of the Catholic Responsible Investments Opportunistic Bond Fund (the "Fund") for the period from November 1, 2025 to April 30, 2026. You can find additional information about the Fund at https://cbisonline.com/us/legal-financial/. You can also request this information by contacting us at 866-348-6466.

What were the Fund costs for the last six months?

(based on a hypothetical $10,000 investment)

Table Summary
Fund Name	Costs of a $10,000 investment	Costs paid as a percentage of a $10,000 investment
Catholic Responsible Investments Opportunistic Bond Fund, Investor Class Shares	$28	0.56%

Key Fund Statistics as of April 30, 2026

Table Summary
	Total Net Assets	Number of Holdings	Total Advisory Fees Paid	Portfolio Turnover Rate
	$756,184,805	404	$1,231,347	78%

What did the Fund invest in?

Asset Weightings^{Footnote Reference*}

Table Summary
Value	Value
U.S. Government Agency Obligation	0.0%
Short-Term Investment	0.1%
Bank Loan Obligations	0.3%
Sovereign Debt	1.5%
Municipal Bonds	2.1%
Asset-Backed Securities	19.7%
Corporate Obligations	23.0%
U.S. Treasury Obligations	25.7%
Mortgage-Backed Securities	26.5%

Footnote	Description
Footnote^*	Percentages are calculated based on total net assets.

Top Ten Holdings

Table Summary
Holding Name	Coupon Rate	Maturity Date	Percentage of Total Net Assets^{Footnote Reference(A)}
U.S. Treasury Notes	3.875%	04/30/31	7.3%
U.S. Treasury Notes, USBMMY3M + 0.099%	3.742%	01/31/28	6.6%
U.S. Treasury Notes, USBMMY3M + 0.190%	3.833%	10/31/27	6.6%
U.S. Treasury Notes, USBMMY3M + 0.159%	3.802%	07/31/27	2.4%
U.S. Treasury Notes	3.625%	10/31/30	1.1%
GNMA	6.000%	01/20/56	0.9%
GNMA	6.000%	07/20/54	0.8%
Madison Park Funding XXXVI, Ser 2025-36A, Cl D1RR, TSFR3M + 2.550%	6.223%	04/15/35	0.8%
GNMA	5.500%	07/20/55	0.7%
GNMA	5.500%	06/20/55	0.7%

Footnote	Description
Footnote^(A)	Short-Term Investments are not shown in the top ten chart.

Material Fund Changes

There were no material changes during the reporting period.

Changes in and Disagreements with Accountants

There were no changes in or disagreements with accountants during the reporting period.

Additional Information

For additional information about the Fund, including its prospectus, financial information, holdings, and proxy voting information, call or visit:

866-348-6466
https://cbisonline.com/us/legal-financial/

Householding

CROVX-SAR-2026

Catholic Responsible Investments Funds

Catholic Responsible Investments Equity Index Fund

Institutional Class Shares - CRQSX

Semi-Annual Shareholder Report: April 30, 2026

This semi-annual shareholder report contains important information about Institutional Class Shares of the Catholic Responsible Investments Equity Index Fund (the "Fund") for the period from November 1, 2025 to April 30, 2026. You can find additional information about the Fund at https://cbisonline.com/us/legal-financial/. You can also request this information by contacting us at 866-348-6466.

What were the Fund costs for the last six months?

(based on a hypothetical $10,000 investment)

Table Summary
Fund Name	Costs of a $10,000 investment	Costs paid as a percentage of a $10,000 investment
Catholic Responsible Investments Equity Index Fund, Institutional Class Shares	$5	0.09%

Key Fund Statistics as of April 30, 2026

Table Summary
	Total Net Assets	Number of Holdings	Total Advisory Fees Paid	Portfolio Turnover Rate
	$4,792,630,713	429	$990,174	20%

What did the Fund invest in?

Asset/Sector Weightings^{Footnote Reference*}

Table Summary
Value	Value
Rights	0.0%
Futures Contracts	0.0%
Short-Term Investment	0.0%
Materials	2.0%
Real Estate	2.3%
Utilities	2.6%
Energy	3.6%
Consumer Staples	5.6%
Health Care	6.0%
Industrials	8.3%
Consumer Discretionary	9.9%
Communication Services	11.6%
Financials	12.4%
Information Technology	35.3%

Footnote	Description
Footnote^*	Percentages are calculated based on total net assets.

Top Ten Holdings

Table Summary
Holding Name			Percentage of Total Net Assets^{Footnote Reference(A)}
NVIDIA			7.9%
Apple			6.6%
Microsoft			5.1%
Amazon.com			4.2%
Alphabet, Cl A			3.8%
Broadcom			3.2%
Alphabet, Cl C			3.0%
Meta Platforms, Cl A			2.2%
Tesla			1.7%
Berkshire Hathaway, Cl B			1.5%

Footnote	Description
Footnote^(A)	Short-Term Investments are not shown in the top ten chart.

Material Fund Changes

There were no material changes during the reporting period.

Changes in and Disagreements with Accountants

There were no changes in or disagreements with accountants during the reporting period.

Additional Information

For additional information about the Fund, including its prospectus, financial information, holdings, and proxy voting information, call or visit:

866-348-6466
https://cbisonline.com/us/legal-financial/

Householding

CRQSX-SAR-2026

Catholic Responsible Investments Funds

Catholic Responsible Investments Small-Cap Fund

Institutional Class Shares - CRSSX

Semi-Annual Shareholder Report: April 30, 2026

This semi-annual shareholder report contains important information about Institutional Class Shares of the Catholic Responsible Investments Small-Cap Fund (the "Fund") for the period from November 1, 2025 to April 30, 2026. You can find additional information about the Fund at https://cbisonline.com/us/legal-financial/. You can also request this information by contacting us at 866-348-6466.

What were the Fund costs for the last six months?

(based on a hypothetical $10,000 investment)

Table Summary
Fund Name	Costs of a $10,000 investment	Costs paid as a percentage of a $10,000 investment
Catholic Responsible Investments Small-Cap Fund, Institutional Class Shares	$15	0.28%

Key Fund Statistics as of April 30, 2026

Table Summary
	Total Net Assets	Number of Holdings	Total Advisory Fees Paid	Portfolio Turnover Rate
	$632,198,302	572	$573,639	22%

What did the Fund invest in?

Asset/Sector Weightings^{Footnote Reference*}

Table Summary
Value	Value
Rights	0.0%
Futures Contracts	0.0%
Short-Term Investment	0.6%
Utilities	2.1%
Consumer Staples	2.9%
Communication Services	4.1%
Materials	4.8%
Energy	5.8%
Real Estate	6.5%
Health Care	10.6%
Consumer Discretionary	12.9%
Information Technology	14.1%
Industrials	17.8%
Financials	18.2%

Footnote	Description
Footnote^*	Percentages are calculated based on total net assets.

Top Ten Holdings

Table Summary
Holding Name			Percentage of Total Net Assets^{Footnote Reference(A)}
Viavi Solutions			0.7%
Sanmina			0.7%
FormFactor			0.6%
Molina Healthcare			0.6%
Semtech			0.6%
Primoris Services			0.6%
Element Solutions			0.6%
Argan			0.6%
Viasat			0.5%
Match Group			0.5%

Footnote	Description
Footnote^(A)	Short-Term Investments are not shown in the top ten chart.

Material Fund Changes

There were no material changes during the reporting period.

Changes in and Disagreements with Accountants

There were no changes in or disagreements with accountants during the reporting period.

Additional Information

For additional information about the Fund, including its prospectus, financial information, holdings, and proxy voting information, call or visit:

866-348-6466
https://cbisonline.com/us/legal-financial/

Householding

CRSSX-SAR-2026

Catholic Responsible Investments Funds

Catholic Responsible Investments Multi-Style US Equity Fund

Institutional Class Shares - CRTSX

Semi-Annual Shareholder Report: April 30, 2026

This semi-annual shareholder report contains important information about Institutional Class Shares of the Catholic Responsible Investments Multi-Style US Equity Fund (the "Fund") for the period from November 1, 2025 to April 30, 2026. You can find additional information about the Fund at https://cbisonline.com/us/legal-financial/. You can also request this information by contacting us at 866-348-6466.

What were the Fund costs for the last six months?

(based on a hypothetical $10,000 investment)

Table Summary
Fund Name	Costs of a $10,000 investment	Costs paid as a percentage of a $10,000 investment
Catholic Responsible Investments Multi-Style US Equity Fund, Institutional Class Shares	$34	0.67%

Key Fund Statistics as of April 30, 2026

Table Summary
	Total Net Assets	Number of Holdings	Total Advisory Fees Paid	Portfolio Turnover Rate
	$728,953,190	294	$2,225,708	21%

What did the Fund invest in?

Asset/Sector Weightings^{Footnote Reference*}

Table Summary
Value	Value
Short-Term Investment	0.6%
Real Estate	0.9%
Utilities	2.0%
Energy	3.6%
Consumer Staples	4.5%
Materials	5.4%
Health Care	5.5%
Consumer Discretionary	7.2%
Communication Services	8.8%
Industrials	11.5%
Financials	14.2%
Information Technology	33.6%

Footnote	Description
Footnote^*	Percentages are calculated based on total net assets.

Top Ten Holdings

Table Summary
Holding Name			Percentage of Total Net Assets^{Footnote Reference(A)}
NVIDIA			6.3%
Apple			5.2%
Amazon.com			4.6%
Microsoft			4.4%
Broadcom			3.7%
Meta Platforms, Cl A			3.0%
Alphabet, Cl C			2.1%
Alphabet, Cl A			2.1%
Visa, Cl A			1.9%
GE Vernova			1.8%

Footnote	Description
Footnote^(A)	Short-Term Investments are not shown in the top ten chart.

Material Fund Changes

There were no material changes during the reporting period.

Changes in and Disagreements with Accountants

There were no changes in or disagreements with accountants during the reporting period.

Additional Information

For additional information about the Fund, including its prospectus, financial information, holdings, and proxy voting information, call or visit:

866-348-6466
https://cbisonline.com/us/legal-financial/

Householding

CRTSX-SAR-2026

Catholic Responsible Investments Funds

Catholic Responsible Investments Multi-Style US Equity Fund

Investor Class Shares - CRTVX

Semi-Annual Shareholder Report: April 30, 2026

This semi-annual shareholder report contains important information about Investor Class Shares of the Catholic Responsible Investments Multi-Style US Equity Fund (the "Fund") for the period from November 1, 2025 to April 30, 2026. You can find additional information about the Fund at https://cbisonline.com/us/legal-financial/. You can also request this information by contacting us at 866-348-6466.

What were the Fund costs for the last six months?

(based on a hypothetical $10,000 investment)

Table Summary
Fund Name	Costs of a $10,000 investment	Costs paid as a percentage of a $10,000 investment
Catholic Responsible Investments Multi-Style US Equity Fund, Investor Class Shares	$42	0.82%

Key Fund Statistics as of April 30, 2026

Table Summary
	Total Net Assets	Number of Holdings	Total Advisory Fees Paid	Portfolio Turnover Rate
	$728,953,190	294	$2,225,708	21%

What did the Fund invest in?

Asset/Sector Weightings^{Footnote Reference*}

Table Summary
Value	Value
Short-Term Investment	0.6%
Real Estate	0.9%
Utilities	2.0%
Energy	3.6%
Consumer Staples	4.5%
Materials	5.4%
Health Care	5.5%
Consumer Discretionary	7.2%
Communication Services	8.8%
Industrials	11.5%
Financials	14.2%
Information Technology	33.6%

Footnote	Description
Footnote^*	Percentages are calculated based on total net assets.

Top Ten Holdings

Table Summary
Holding Name			Percentage of Total Net Assets^{Footnote Reference(A)}
NVIDIA			6.3%
Apple			5.2%
Amazon.com			4.6%
Microsoft			4.4%
Broadcom			3.7%
Meta Platforms, Cl A			3.0%
Alphabet, Cl C			2.1%
Alphabet, Cl A			2.1%
Visa, Cl A			1.9%
GE Vernova			1.8%

Footnote	Description
Footnote^(A)	Short-Term Investments are not shown in the top ten chart.

Material Fund Changes

There were no material changes during the reporting period.

Changes in and Disagreements with Accountants

There were no changes in or disagreements with accountants during the reporting period.

Additional Information

For additional information about the Fund, including its prospectus, financial information, holdings, and proxy voting information, call or visit:

866-348-6466
https://cbisonline.com/us/legal-financial/

Householding

CRTVX-SAR-2026

Catholic Responsible Investments Funds

Catholic Responsible Investments International Equity Fund

Institutional Class Shares - CRLSX

Semi-Annual Shareholder Report: April 30, 2026

This semi-annual shareholder report contains important information about Institutional Class Shares of the Catholic Responsible Investments International Equity Fund (the "Fund") for the period from November 1, 2025 to April 30, 2026. You can find additional information about the Fund at https://cbisonline.com/us/legal-financial/. You can also request this information by contacting us at 866-348-6466.

What were the Fund costs for the last six months?

(based on a hypothetical $10,000 investment)

Table Summary
Fund Name	Costs of a $10,000 investment	Costs paid as a percentage of a $10,000 investment
Catholic Responsible Investments International Equity Fund, Institutional Class Shares	$41	0.80%

Key Fund Statistics as of April 30, 2026

Table Summary
	Total Net Assets	Number of Holdings	Total Advisory Fees Paid	Portfolio Turnover Rate
	$2,362,084,915	324	$8,094,203	27%

What did the Fund invest in?

Asset/Country Weightings^{Footnote Reference*}

Table Summary
Value	Value
Other Countries	16.8%
Short-Term Investment	1.9%
India	2.7%
Ireland	3.0%
Canada	4.0%
Singapore	4.1%
China	5.4%
South Korea	6.3%
Netherlands	6.5%
France	8.4%
Japan	8.6%
Taiwan	9.3%
Germany	9.5%
United Kingdom	11.3%

Footnote	Description
Footnote^*	Percentages are calculated based on total net assets.

Top Ten Holdings

Table Summary
Holding Name			Percentage of Total Net Assets^{Footnote Reference(A)}
Taiwan Semiconductor Manufacturing			4.4%
Siemens Energy			3.7%
Taiwan Semiconductor Manufacturing ADR			2.5%
Samsung Electronics			2.4%
Tencent Holdings			2.3%
SK Hynix			1.9%
Seagate Technology Holdings			1.8%
ASML Holding, Cl G			1.5%
Kering			1.5%
ASML Holding			1.5%

Footnote	Description
Footnote^(A)	Short-Term Investments are not shown in the top ten chart.

Material Fund Changes

There were no material changes during the reporting period.

Changes in and Disagreements with Accountants

There were no changes in or disagreements with accountants during the reporting period.

Additional Information

For additional information about the Fund, including its prospectus, financial information, holdings, and proxy voting information, call or visit:

866-348-6466
https://cbisonline.com/us/legal-financial/

Householding

CRLSX-SAR-2026

Catholic Responsible Investments Funds

Catholic Responsible Investments International Equity Fund

Investor Class Shares - CRLVX

Semi-Annual Shareholder Report: April 30, 2026

This semi-annual shareholder report contains important information about Investor Class Shares of the Catholic Responsible Investments International Equity Fund (the "Fund") for the period from November 1, 2025 to April 30, 2026. You can find additional information about the Fund at https://cbisonline.com/us/legal-financial/. You can also request this information by contacting us at 866-348-6466.

What were the Fund costs for the last six months?

(based on a hypothetical $10,000 investment)

Table Summary
Fund Name	Costs of a $10,000 investment	Costs paid as a percentage of a $10,000 investment
Catholic Responsible Investments International Equity Fund, Investor Class Shares	$49	0.95%

Key Fund Statistics as of April 30, 2026

Table Summary
	Total Net Assets	Number of Holdings	Total Advisory Fees Paid	Portfolio Turnover Rate
	$2,362,084,915	324	$8,094,203	27%

What did the Fund invest in?

Asset/Country Weightings^{Footnote Reference*}

Table Summary
Value	Value
Other Countries	16.8%
Short-Term Investment	1.9%
India	2.7%
Ireland	3.0%
Canada	4.0%
Singapore	4.1%
China	5.4%
South Korea	6.3%
Netherlands	6.5%
France	8.4%
Japan	8.6%
Taiwan	9.3%
Germany	9.5%
United Kingdom	11.3%

Footnote	Description
Footnote^*	Percentages are calculated based on total net assets.

Top Ten Holdings

Table Summary
Holding Name			Percentage of Total Net Assets^{Footnote Reference(A)}
Taiwan Semiconductor Manufacturing			4.4%
Siemens Energy			3.7%
Taiwan Semiconductor Manufacturing ADR			2.5%
Samsung Electronics			2.4%
Tencent Holdings			2.3%
SK Hynix			1.9%
Seagate Technology Holdings			1.8%
ASML Holding, Cl G			1.5%
Kering			1.5%
ASML Holding			1.5%

Footnote	Description
Footnote^(A)	Short-Term Investments are not shown in the top ten chart.

Material Fund Changes

There were no material changes during the reporting period.

Changes in and Disagreements with Accountants

There were no changes in or disagreements with accountants during the reporting period.

Additional Information

For additional information about the Fund, including its prospectus, financial information, holdings, and proxy voting information, call or visit:

866-348-6466
https://cbisonline.com/us/legal-financial/

Householding

CRLVX-SAR-2026

Catholic Responsible Investments Funds

Catholic Responsible Investments International Small-Cap Fund

Institutional Class Shares - CRNSX

Semi-Annual Shareholder Report: April 30, 2026

This semi-annual shareholder report contains important information about Institutional Class Shares of the Catholic Responsible Investments International Small-Cap Fund (the "Fund") for the period from November 1, 2025 to April 30, 2026. You can find additional information about the Fund at https://cbisonline.com/us/legal-financial/. You can also request this information by contacting us at 866-348-6466.

What were the Fund costs for the last six months?

(based on a hypothetical $10,000 investment)

Table Summary
Fund Name	Costs of a $10,000 investment	Costs paid as a percentage of a $10,000 investment
Catholic Responsible Investments International Small-Cap Fund, Institutional Class Shares	$60	1.15%

Key Fund Statistics as of April 30, 2026

Table Summary
	Total Net Assets	Number of Holdings	Total Advisory Fees Paid	Portfolio Turnover Rate
	$122,170,032	474	$518,391	33%

What did the Fund invest in?

Asset/Country Weightings^{Footnote Reference*}

Table Summary
Value	Value
Futures Contracts	0.4%
Other Countries	23.3%
Short-Term Investment	0.8%
Switzerland	2.5%
Germany	2.6%
South Korea	2.8%
India	3.1%
Italy	3.3%
Sweden	3.6%
Australia	4.2%
Taiwan	4.3%
Exchange-Traded Fund	4.6%
United Kingdom	7.0%
Canada	7.2%
Japan	23.8%

Footnote	Description
Footnote^*	Percentages are calculated based on total net assets.

Top Ten Holdings

Table Summary
Holding Name			Percentage of Total Net Assets^{Footnote Reference(A)}
iShares MSCI EAFE Small-Capital ETF			2.7%
PrairieSky Royalty			1.2%
Viscofan			1.0%
IMI			0.9%
iShares Core MSCI Emerging Markets ETF			0.9%
Buzzi			0.9%
Glory			0.8%
Horiba			0.8%
MISUMI Group			0.8%
SpareBank 1 SMN			0.7%

Footnote	Description
Footnote^(A)	Short-Term Investments are not shown in the top ten chart.

Material Fund Changes

There were no material changes during the reporting period.

Changes in and Disagreements with Accountants

There were no changes in or disagreements with accountants during the reporting period.

Additional Information

For additional information about the Fund, including its prospectus, financial information, holdings, and proxy voting information, call or visit:

866-348-6466
https://cbisonline.com/us/legal-financial/

Householding

CRNSX-SAR-2026

Catholic Responsible Investments Funds

Catholic Responsible Investments Magnus 45/55 Fund

Institutional Class Shares - CMNSX

Semi-Annual Shareholder Report: April 30, 2026

This semi-annual shareholder report contains important information about Institutional Class Shares of the Catholic Responsible Investments Magnus 45/55 Fund (the "Fund") for the period from November 1, 2025 to April 30, 2026. You can find additional information about the Fund at https://cbisonline.com/us/legal-financial/. You can also request this information by contacting us at 866-348-6466.

What were the Fund costs for the last six months?

(based on a hypothetical $10,000 investment)

Table Summary
Fund Name	Costs of a $10,000 investment	Costs paid as a percentage of a $10,000 investment
Catholic Responsible Investments Magnus 45/55 Fund, Institutional Class Shares	$2	0.04%^{Footnote Reference†}

Footnote	Description
Footnote†	The expense ratios do not include expenses of the underlying affiliated investment companies.

Key Fund Statistics as of April 30, 2026

Table Summary
	Total Net Assets	Number of Holdings	Total Advisory Fees Paid	Portfolio Turnover Rate
	$182,793,648	8	$-	3%

What did the Fund invest in?

Sector Weightings^{Footnote Reference*}

Table Summary
Value	Value
Open-End Mutual Funds	99.6%

Footnote	Description
Footnote^*	Percentages are calculated based on total net assets.

Top Holdings

Table Summary
Holding Name			Percentage of Total Net Assets
Catholic Responsible Investments Bond Fund, Cl Institutional Shares^{Footnote Reference**}			26.2%
Catholic Responsible Investments Equity Index Fund, Cl Institutional Shares^{Footnote Reference**}			23.5%
Catholic Responsible Investments Opportunistic Bond Fund, Cl Institutional Shares^{Footnote Reference**}			13.1%
Catholic Responsible Investments Short Duration Bond Fund, Cl Institutional Shares^{Footnote Reference**}			13.1%
Catholic Responsible Investments International Equity Fund, Cl Institutional Shares^{Footnote Reference**}			9.2%
Catholic Responsible Investments Multi-Style US Equity Fund, Cl Institutional Shares^{Footnote Reference**}			7.2%
Catholic Responsible Investments Small-Cap Fund, Cl Institutional Shares^{Footnote Reference**}			5.0%
Catholic Responsible Investments International Small-Cap Fund, Cl Institutional Shares^{Footnote Reference**}			2.3%

Footnote	Description
Footnote^**	Affiliated Investment.

Material Fund Changes

There were no material changes during the reporting period.

Changes in and Disagreements with Accountants

There were no changes in or disagreements with accountants during the reporting period.

Additional Information

For additional information about the Fund, including its prospectus, financial information, holdings, and proxy voting information, call or visit:

866-348-6466
https://cbisonline.com/us/legal-financial/

Householding

CMNSX-SAR-2026

Catholic Responsible Investments Funds

Catholic Responsible Investments Magnus 45/55 Fund

Investor Class Shares - CMNVX

Semi-Annual Shareholder Report: April 30, 2026

This semi-annual shareholder report contains important information about Investor Class Shares of the Catholic Responsible Investments Magnus 45/55 Fund (the "Fund") for the period from November 1, 2025 to April 30, 2026. You can find additional information about the Fund at https://cbisonline.com/us/legal-financial/. You can also request this information by contacting us at 866-348-6466.

What were the Fund costs for the last six months?

(based on a hypothetical $10,000 investment)

Table Summary
Fund Name	Costs of a $10,000 investment	Costs paid as a percentage of a $10,000 investment
Catholic Responsible Investments Magnus 45/55 Fund, Investor Class Shares	$10	0.19%^{Footnote Reference†}

Footnote	Description
Footnote†	The expense ratios do not include expenses of the underlying affiliated investment companies.

Key Fund Statistics as of April 30, 2026

Table Summary
	Total Net Assets	Number of Holdings	Total Advisory Fees Paid	Portfolio Turnover Rate
	$182,793,648	8	$-	3%

What did the Fund invest in?

Sector Weightings^{Footnote Reference*}

Table Summary
Value	Value
Open-End Mutual Funds	99.6%

Footnote	Description
Footnote^*	Percentages are calculated based on total net assets.

Top Holdings

Table Summary
Holding Name			Percentage of Total Net Assets
Catholic Responsible Investments Bond Fund, Cl Institutional Shares^{Footnote Reference**}			26.2%
Catholic Responsible Investments Equity Index Fund, Cl Institutional Shares^{Footnote Reference**}			23.5%
Catholic Responsible Investments Opportunistic Bond Fund, Cl Institutional Shares^{Footnote Reference**}			13.1%
Catholic Responsible Investments Short Duration Bond Fund, Cl Institutional Shares^{Footnote Reference**}			13.1%
Catholic Responsible Investments International Equity Fund, Cl Institutional Shares^{Footnote Reference**}			9.2%
Catholic Responsible Investments Multi-Style US Equity Fund, Cl Institutional Shares^{Footnote Reference**}			7.2%
Catholic Responsible Investments Small-Cap Fund, Cl Institutional Shares^{Footnote Reference**}			5.0%
Catholic Responsible Investments International Small-Cap Fund, Cl Institutional Shares^{Footnote Reference**}			2.3%

Footnote	Description
Footnote^**	Affiliated Investment.

Material Fund Changes

There were no material changes during the reporting period.

Changes in and Disagreements with Accountants

There were no changes in or disagreements with accountants during the reporting period.

Additional Information

For additional information about the Fund, including its prospectus, financial information, holdings, and proxy voting information, call or visit:

866-348-6466
https://cbisonline.com/us/legal-financial/

Householding

CMNVX-SAR-2026

Catholic Responsible Investments Funds

Catholic Responsible Investments Magnus 60/40 Alpha Plus Fund

Institutional Class Shares - CMPSX

Semi-Annual Shareholder Report: April 30, 2026

This semi-annual shareholder report contains important information about Institutional Class Shares of the Catholic Responsible Investments Magnus 60/40 Alpha Plus Fund (the "Fund") for the period from November 1, 2025 to April 30, 2026. You can find additional information about the Fund at https://cbisonline.com/us/legal-financial/. You can also request this information by contacting us at 866-348-6466.

What were the Fund costs for the last six months?

(based on a hypothetical $10,000 investment)

Table Summary
Fund Name	Costs of a $10,000 investment	Costs paid as a percentage of a $10,000 investment
Catholic Responsible Investments Magnus 60/40 Alpha Plus Fund, Institutional Class Shares	$1	0.02%^{Footnote Reference†}

Footnote	Description
Footnote†	The expense ratios do not include expenses of the underlying affiliated investment companies.

Key Fund Statistics as of April 30, 2026

Table Summary
	Total Net Assets	Number of Holdings	Total Advisory Fees Paid	Portfolio Turnover Rate
	$1,637,083,222	8	$-	3%

What did the Fund invest in?

Sector Weightings^{Footnote Reference*}

Table Summary
Value	Value
Open-End Mutual Funds	99.9%

Footnote	Description
Footnote^*	Percentages are calculated based on total net assets.

Top Holdings

Table Summary
Holding Name			Percentage of Total Net Assets
Catholic Responsible Investments Multi-Style US Equity Fund, Cl Institutional Shares^{Footnote Reference**}			24.6%
Catholic Responsible Investments Bond Fund, Cl Institutional Shares^{Footnote Reference**}			18.8%
Catholic Responsible Investments Equity Index Fund, Cl Institutional Shares^{Footnote Reference**}			15.8%
Catholic Responsible Investments International Equity Fund, Cl Institutional Shares^{Footnote Reference**}			12.2%
Catholic Responsible Investments Opportunistic Bond Fund, Cl Institutional Shares^{Footnote Reference**}			9.4%
Catholic Responsible Investments Short Duration Bond Fund, Cl Institutional Shares^{Footnote Reference**}			9.3%
Catholic Responsible Investments Small-Cap Fund, Cl Institutional Shares^{Footnote Reference**}			6.7%
Catholic Responsible Investments International Small-Cap Fund, Cl Institutional Shares^{Footnote Reference**}			3.1%

Footnote	Description
Footnote^**	Affiliated Investment.

Material Fund Changes

There were no material changes during the reporting period.

Changes in and Disagreements with Accountants

There were no changes in or disagreements with accountants during the reporting period.

Additional Information

For additional information about the Fund, including its prospectus, financial information, holdings, and proxy voting information, call or visit:

866-348-6466
https://cbisonline.com/us/legal-financial/

Householding

CMPSX-SAR-2026

Catholic Responsible Investments Funds

Catholic Responsible Investments Magnus 60/40 Alpha Plus Fund

Investor Class Shares - CMPVX

Semi-Annual Shareholder Report: April 30, 2026

This semi-annual shareholder report contains important information about Investor Class Shares of the Catholic Responsible Investments Magnus 60/40 Alpha Plus Fund (the "Fund") for the period from November 1, 2025 to April 30, 2026. You can find additional information about the Fund at https://cbisonline.com/us/legal-financial/. You can also request this information by contacting us at 866-348-6466.

What were the Fund costs for the last six months?

(based on a hypothetical $10,000 investment)

Table Summary
Fund Name	Costs of a $10,000 investment	Costs paid as a percentage of a $10,000 investment
Catholic Responsible Investments Magnus 60/40 Alpha Plus Fund, Investor Class Shares	$9	0.17%^{Footnote Reference†}

Footnote	Description
Footnote†	The expense ratios do not include expenses of the underlying affiliated investment companies.

Key Fund Statistics as of April 30, 2026

Table Summary
	Total Net Assets	Number of Holdings	Total Advisory Fees Paid	Portfolio Turnover Rate
	$1,637,083,222	8	$-	3%

What did the Fund invest in?

Sector Weightings^{Footnote Reference*}

Table Summary
Value	Value
Open-End Mutual Funds	99.9%

Footnote	Description
Footnote^*	Percentages are calculated based on total net assets.

Top Holdings

Table Summary
Holding Name			Percentage of Total Net Assets
Catholic Responsible Investments Multi-Style US Equity Fund, Cl Institutional Shares^{Footnote Reference**}			24.6%
Catholic Responsible Investments Bond Fund, Cl Institutional Shares^{Footnote Reference**}			18.8%
Catholic Responsible Investments Equity Index Fund, Cl Institutional Shares^{Footnote Reference**}			15.8%
Catholic Responsible Investments International Equity Fund, Cl Institutional Shares^{Footnote Reference**}			12.2%
Catholic Responsible Investments Opportunistic Bond Fund, Cl Institutional Shares^{Footnote Reference**}			9.4%
Catholic Responsible Investments Short Duration Bond Fund, Cl Institutional Shares^{Footnote Reference**}			9.3%
Catholic Responsible Investments Small-Cap Fund, Cl Institutional Shares^{Footnote Reference**}			6.7%
Catholic Responsible Investments International Small-Cap Fund, Cl Institutional Shares^{Footnote Reference**}			3.1%

Footnote	Description
Footnote^**	Affiliated Investment.

Material Fund Changes

There were no material changes during the reporting period.

Changes in and Disagreements with Accountants

There were no changes in or disagreements with accountants during the reporting period.

Additional Information

For additional information about the Fund, including its prospectus, financial information, holdings, and proxy voting information, call or visit:

866-348-6466
https://cbisonline.com/us/legal-financial/

Householding

CMPVX-SAR-2026

Catholic Responsible Investments Funds

Catholic Responsible Investments Magnus 60/40 Beta Plus Fund

Institutional Class Shares - CMMSX

Semi-Annual Shareholder Report: April 30, 2026

This semi-annual shareholder report contains important information about Institutional Class Shares of the Catholic Responsible Investments Magnus 60/40 Beta Plus Fund (the "Fund") for the period from November 1, 2025 to April 30, 2026. You can find additional information about the Fund at https://cbisonline.com/us/legal-financial/. You can also request this information by contacting us at 866-348-6466.

What were the Fund costs for the last six months?

(based on a hypothetical $10,000 investment)

Table Summary
Fund Name	Costs of a $10,000 investment	Costs paid as a percentage of a $10,000 investment
Catholic Responsible Investments Magnus 60/40 Beta Plus Fund, Institutional Class Shares	$2	0.03%^{Footnote Reference†}

Footnote	Description
Footnote†	The expense ratios do not include expenses of the underlying affiliated investment companies.

Key Fund Statistics as of April 30, 2026

Table Summary
	Total Net Assets	Number of Holdings	Total Advisory Fees Paid	Portfolio Turnover Rate
	$679,898,008	7	$-	6%

What did the Fund invest in?

Sector Weightings^{Footnote Reference*}

Table Summary
Value	Value
Open-End Mutual Funds	99.9%

Footnote	Description
Footnote^*	Percentages are calculated based on total net assets.

Top Holdings

Table Summary
Holding Name			Percentage of Total Net Assets
Catholic Responsible Investments Equity Index Fund, Cl Institutional Shares^{Footnote Reference**}			40.7%
Catholic Responsible Investments Bond Fund, Cl Institutional Shares^{Footnote Reference**}			18.7%
Catholic Responsible Investments International Equity Fund, Cl Institutional Shares^{Footnote Reference**}			12.2%
Catholic Responsible Investments Opportunistic Bond Fund, Cl Institutional Shares^{Footnote Reference**}			9.3%
Catholic Responsible Investments Short Duration Bond Fund, Cl Institutional Shares^{Footnote Reference**}			9.3%
Catholic Responsible Investments Small-Cap Fund, Cl Institutional Shares^{Footnote Reference**}			6.7%
Catholic Responsible Investments International Small-Cap Fund, Cl Institutional Shares^{Footnote Reference**}			3.1%

Footnote	Description
Footnote^**	Affiliated Investment.

Material Fund Changes

There were no material changes during the reporting period.

Changes in and Disagreements with Accountants

There were no changes in or disagreements with accountants during the reporting period.

Additional Information

For additional information about the Fund, including its prospectus, financial information, holdings, and proxy voting information, call or visit:

866-348-6466
https://cbisonline.com/us/legal-financial/

Householding

CMMSX-SAR-2026

Catholic Responsible Investments Funds

Catholic Responsible Investments Magnus 60/40 Beta Plus Fund

Investor Class Shares - CMMVX

Semi-Annual Shareholder Report: April 30, 2026

This semi-annual shareholder report contains important information about Investor Class Shares of the Catholic Responsible Investments Magnus 60/40 Beta Plus Fund (the "Fund") for the period from November 1, 2025 to April 30, 2026. You can find additional information about the Fund at https://cbisonline.com/us/legal-financial/. You can also request this information by contacting us at 866-348-6466.

What were the Fund costs for the last six months?

(based on a hypothetical $10,000 investment)

Table Summary
Fund Name	Costs of a $10,000 investment	Costs paid as a percentage of a $10,000 investment
Catholic Responsible Investments Magnus 60/40 Beta Plus Fund, Investor Class Shares	$9	0.18%^{Footnote Reference†}

Footnote	Description
Footnote†	The expense ratios do not include expenses of the underlying affiliated investment companies.

Key Fund Statistics as of April 30, 2026

Table Summary
	Total Net Assets	Number of Holdings	Total Advisory Fees Paid	Portfolio Turnover Rate
	$679,898,008	7	$-	6%

What did the Fund invest in?

Sector Weightings^{Footnote Reference*}

Table Summary
Value	Value
Open-End Mutual Funds	99.9%

Footnote	Description
Footnote^*	Percentages are calculated based on total net assets.

Top Holdings

Table Summary
Holding Name			Percentage of Total Net Assets
Catholic Responsible Investments Equity Index Fund, Cl Institutional Shares^{Footnote Reference**}			40.7%
Catholic Responsible Investments Bond Fund, Cl Institutional Shares^{Footnote Reference**}			18.7%
Catholic Responsible Investments International Equity Fund, Cl Institutional Shares^{Footnote Reference**}			12.2%
Catholic Responsible Investments Opportunistic Bond Fund, Cl Institutional Shares^{Footnote Reference**}			9.3%
Catholic Responsible Investments Short Duration Bond Fund, Cl Institutional Shares^{Footnote Reference**}			9.3%
Catholic Responsible Investments Small-Cap Fund, Cl Institutional Shares^{Footnote Reference**}			6.7%
Catholic Responsible Investments International Small-Cap Fund, Cl Institutional Shares^{Footnote Reference**}			3.1%

Footnote	Description
Footnote^**	Affiliated Investment.

Material Fund Changes

There were no material changes during the reporting period.

Changes in and Disagreements with Accountants

There were no changes in or disagreements with accountants during the reporting period.

Additional Information

For additional information about the Fund, including its prospectus, financial information, holdings, and proxy voting information, call or visit:

866-348-6466
https://cbisonline.com/us/legal-financial/

Householding

CMMVX-SAR-2026

Catholic Responsible Investments Funds

Catholic Responsible Investments Magnus 75/25 Fund

Institutional Class Shares - CMUSX

Semi-Annual Shareholder Report: April 30, 2026

This semi-annual shareholder report contains important information about Institutional Class Shares of the Catholic Responsible Investments Magnus 75/25 Fund (the "Fund") for the period from November 1, 2025 to April 30, 2026. You can find additional information about the Fund at https://cbisonline.com/us/legal-financial/. You can also request this information by contacting us at 866-348-6466.

What were the Fund costs for the last six months?

(based on a hypothetical $10,000 investment)

Table Summary
Fund Name	Costs of a $10,000 investment	Costs paid as a percentage of a $10,000 investment
Catholic Responsible Investments Magnus 75/25 Fund, Institutional Class Shares	$2	0.04%^{Footnote Reference†}

Footnote	Description
Footnote†	The expense ratios do not include expenses of the underlying affiliated investment companies.

Key Fund Statistics as of April 30, 2026

Table Summary
	Total Net Assets	Number of Holdings	Total Advisory Fees Paid	Portfolio Turnover Rate
	$174,191,189	8	$-	5%

What did the Fund invest in?

Sector Weightings^{Footnote Reference*}

Table Summary
Value	Value
Open-End Mutual Funds	99.6%

Footnote	Description
Footnote^*	Percentages are calculated based on total net assets.

Top Holdings

Table Summary
Holding Name			Percentage of Total Net Assets
Catholic Responsible Investments Equity Index Fund, Cl Institutional Shares^{Footnote Reference**}			34.9%
Catholic Responsible Investments Multi-Style US Equity Fund, Cl Institutional Shares^{Footnote Reference**}			15.1%
Catholic Responsible Investments International Equity Fund, Cl Institutional Shares^{Footnote Reference**}			14.9%
Catholic Responsible Investments Bond Fund, Cl Institutional Shares^{Footnote Reference**}			11.5%
Catholic Responsible Investments Small-Cap Fund, Cl Institutional Shares^{Footnote Reference**}			8.1%
Catholic Responsible Investments Opportunistic Bond Fund, Cl Institutional Shares^{Footnote Reference**}			5.7%
Catholic Responsible Investments Short Duration Bond Fund, Cl Institutional Shares^{Footnote Reference**}			5.7%
Catholic Responsible Investments International Small-Cap Fund, Cl Institutional Shares^{Footnote Reference**}			3.8%

Footnote	Description
Footnote^**	Affiliated Investment.

Material Fund Changes

There were no material changes during the reporting period.

Changes in and Disagreements with Accountants

There were no changes in or disagreements with accountants during the reporting period.

Additional Information

For additional information about the Fund, including its prospectus, financial information, holdings, and proxy voting information, call or visit:

866-348-6466
https://cbisonline.com/us/legal-financial/

Householding

CMUSX-SAR-2026

Catholic Responsible Investments Funds

Catholic Responsible Investments Magnus 75/25 Fund

Investor Class Shares - CMUVX

Semi-Annual Shareholder Report: April 30, 2026

This semi-annual shareholder report contains important information about Investor Class Shares of the Catholic Responsible Investments Magnus 75/25 Fund (the "Fund") for the period from November 1, 2025 to April 30, 2026. You can find additional information about the Fund at https://cbisonline.com/us/legal-financial/. You can also request this information by contacting us at 866-348-6466.

What were the Fund costs for the last six months?

(based on a hypothetical $10,000 investment)

Table Summary
Fund Name	Costs of a $10,000 investment	Costs paid as a percentage of a $10,000 investment
Catholic Responsible Investments Magnus 75/25 Fund, Investor Class Shares	$10	0.19%^{Footnote Reference†}

Footnote	Description
Footnote†	The expense ratios do not include expenses of the underlying affiliated investment companies.

Key Fund Statistics as of April 30, 2026

Table Summary
	Total Net Assets	Number of Holdings	Total Advisory Fees Paid	Portfolio Turnover Rate
	$174,191,189	8	$-	5%

What did the Fund invest in?

Sector Weightings^{Footnote Reference*}

Table Summary
Value	Value
Open-End Mutual Funds	99.6%

Footnote	Description
Footnote^*	Percentages are calculated based on total net assets.

Top Holdings

Table Summary
Holding Name			Percentage of Total Net Assets
Catholic Responsible Investments Equity Index Fund, Cl Institutional Shares^{Footnote Reference**}			34.9%
Catholic Responsible Investments Multi-Style US Equity Fund, Cl Institutional Shares^{Footnote Reference**}			15.1%
Catholic Responsible Investments International Equity Fund, Cl Institutional Shares^{Footnote Reference**}			14.9%
Catholic Responsible Investments Bond Fund, Cl Institutional Shares^{Footnote Reference**}			11.5%
Catholic Responsible Investments Small-Cap Fund, Cl Institutional Shares^{Footnote Reference**}			8.1%
Catholic Responsible Investments Opportunistic Bond Fund, Cl Institutional Shares^{Footnote Reference**}			5.7%
Catholic Responsible Investments Short Duration Bond Fund, Cl Institutional Shares^{Footnote Reference**}			5.7%
Catholic Responsible Investments International Small-Cap Fund, Cl Institutional Shares^{Footnote Reference**}			3.8%

Footnote	Description
Footnote^**	Affiliated Investment.

Material Fund Changes

There were no material changes during the reporting period.

Changes in and Disagreements with Accountants

There were no changes in or disagreements with accountants during the reporting period.

Additional Information

For additional information about the Fund, including its prospectus, financial information, holdings, and proxy voting information, call or visit:

866-348-6466
https://cbisonline.com/us/legal-financial/

Householding

CMUVX-SAR-2026

(b)

Not applicable.

Item 2. Code of Ethics.

Not applicable for semi-annual report.

Item 3. Audit Committee Financial Expert.

Not applicable for semi-annual report.

Item 4. Principal Accountant Fees and Services.

Not applicable for semi-annual report.

Item 5. Audit Committee of Listed Registrants.

Not applicable to open-end management investment companies.

Item 6. Schedule of Investments.

(a)

The Schedules of Investments are included as part of the Financial Statements and Other Information filed under Item 7 of this form.

(b)

Not applicable.

Item 7. Financial Statements and Financial Highlights for Open-End Management Investment Companies.

Financial statements and financial highlights are filed herein.

CATHOLIC RESPONSIBLE INVESTMENTS

APRIL 30, 2026

TABLE OF CONTENTS

Financial Statements (Form N-CSRS Item 7)
Schedules of Investments	1
Statements of Assets and Liabilities	114
Statements of Operations	118
Statements of Changes in Net Assets	121
Financial Highlights	128
Notes to Financial Statements	133
Other Information (Form N-CSRS Items 8-11)	165

CATHOLIC RESPONSIBLE INVESTMENTS ULTRA SHORT BOND FUND

April 30, 2026 (Unaudited)

SCHEDULE OF INVESTMENTS

U.S. TREASURY OBLIGATIONS — 37.0%

	Face Amount		Value
U.S. Treasury Bills
3.781%, 05/21/26(A)	$	1,975,000	$	1,971,075
3.763%, 05/14/26(A)		4,875,000		4,868,693
3.667%, 10/29/26(A)		1,000,000		982,026
3.651%, 05/05/26(A)		2,850,000		2,848,879
3.646%, 06/11/26(A)		4,850,000		4,830,115
3.643%, 06/04/26(A)		1,875,000		1,868,632
3.636%, 06/16/26(A)		2,875,000		2,861,782
3.633%, 07/23/26(A)		3,425,000		3,396,592
3.623%, 05/26/26(A)		2,875,000		2,867,842
3.623%, 05/28/26(A)		2,850,000		2,842,369
3.600%, 05/19/26(A)		2,000,000		1,996,409
3.599%, 09/03/26(A)		1,900,000		1,876,341
3.589%, 08/27/26(A)		1,425,000		1,408,225
3.553%, 07/16/26(A)		1,000,000		992,429

Total U.S. Treasury Obligations
(Cost $35,612,012)				35,611,409

CORPORATE OBLIGATIONS — 19.2%

CONSUMER DISCRETIONARY — 0.8%
American Honda Finance MTN
4.377%, SOFRINDX + 0.720%, 10/05/26(C)	$	472,000	$	472,579
Hyundai Capital America
4.875%, 06/23/27(D)		275,000		276,075
				748,654
ENERGY — 0.5%
Enbridge
1.600%, 10/04/26		500,000		494,749

FINANCIALS — 15.1%
American Express
5.389%, SOFR + 0.970%, 07/28/27(C)		475,000		476,185
ANZ New Zealand Int'l
1.250%, 06/22/26(D)		700,000		697,219
Athene Global Funding
4.691%, SOFRINDX + 1.030%, 08/27/26(C)(D)		350,000		350,358
4.606%, SOFR + 0.950%, 04/19/27(C)(D)		300,000		300,616
Australia & New Zealand Banking Group
4.485%, SOFR + 0.810%, 01/18/27(C)(D)		900,000		903,186
Banco Santander
6.527%, H15T1Y + 1.650%, 11/07/27(C)		400,000		404,518

CORPORATE OBLIGATIONS — continued

	Face Amount		Value
FINANCIALS — continued
Bank of New York Mellon MTN
3.442%, TSFR3M + 1.331%, 02/07/28(C)	$	475,000	$	472,228
Bank of Nova Scotia
2.700%, 08/03/26		500,000		498,306
1.300%, 09/15/26		500,000		494,904
Canadian Imperial Bank of Commerce
4.878%, SOFR + 1.220%, 10/02/26(C)		500,000		501,940
CNO Global Funding
1.750%, 10/07/26(D)		775,000		766,537
Credit Agricole MTN
4.125%, 01/10/27(D)		750,000		749,618
Goldman Sachs Group
4.578%, SOFR + 0.920%, 10/21/27(C)		550,000		550,973
JPMorgan Chase Bank
5.110%, 12/08/26		475,000		477,851
4.658%, SOFR + 1.000%, 12/08/26(C)		525,000		527,048
Lloyds Banking Group
3.750%, 01/11/27		600,000		598,368
MassMutual Global Funding II MTN
4.396%, SOFR + 0.740%, 04/09/27(C)(D)		500,000		501,364
Met Tower Global Funding MTN
1.250%, 09/14/26(D)		500,000		494,810
Metropolitan Life Global Funding I MTN
1.875%, 01/11/27(D)		475,000		467,763
Morgan Stanley
3.625%, 01/20/27		500,000		498,285
3.125%, 07/27/26		700,000		698,174
Nationwide Building Society
1.500%, 10/13/26(D)		475,000		469,539
PNC Financial Services Group
5.300%, SOFR + 1.342%, 01/21/28(C)		475,000		478,040
Royal Bank of Canada MTN
1.400%, 11/02/26		600,000		592,145
State Street
4.993%, 03/18/27		500,000		503,649
Wells Fargo Bank
5.450%, 08/07/26		475,000		476,276
Westpac Banking MTN
4.600%, 10/20/26		600,000		602,061
				14,551,961

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

CATHOLIC RESPONSIBLE INVESTMENTS ULTRA SHORT BOND FUND

April 30, 2026 (Unaudited)

CORPORATE OBLIGATIONS — continued

	Face Amount		Value
HEALTH CARE — 0.5%
Providence St. Joseph Health Obligated Group
2.746%, 10/01/26	$	500,000	$	496,618

INDUSTRIALS — 1.0%
Caterpillar Financial Services MTN
4.500%, 01/07/27		225,000		225,715
4.057%, SOFR + 0.400%, 01/10/28(C)		475,000		475,010
John Deere Capital
4.500%, 01/08/27		225,000		225,750
				926,475
INFORMATION TECHNOLOGY — 0.5%
Oracle
2.650%, 07/15/26		500,000		498,208

MATERIALS — 0.2%
Glencore Funding
4.408%, SOFRINDX + 0.750%, 10/01/26(C)(D)		250,000		250,344

UTILITIES — 0.6%
Georgia Power
3.937%, SOFRINDX + 0.280%, 09/15/26(C)		550,000		549,426

Total Corporate Obligations
(Cost $18,523,911)				18,516,435

REPURCHASE AGREEMENTS — 15.1%

Citi Treasury
3.640%, dated 04/30/26, to be repurchased on 05/01/26, repurchase price $4,900,495 (collateralized by various U.S. Treasury Obligations, par values $100 - $4,917,300, 0.000% - 3.750%, 09/24/2026 - 04/30/2028; with total market value $4,998,053)	$	4,900,000	$	4,900,000

REPURCHASE AGREEMENTS — continued

	Face Amount		Value
Gold Triparty Mortgage
3.650%, dated 04/30/26, to be repurchased on 05/01/26, repurchase price $4,800,487 (collateralized by various U.S. Treasury Obligations, par values $51,839 - $7,106,612, 3.200% - 5.000%, 09/01/2033 - 06/15/2057; with total market value $4,896,000)	$	4,800,000	$	4,800,000
Socgen Triparty Treasury
3.640%, dated 04/30/26, to be repurchased on 05/01/26, repurchase price $4,800,485 (collateralized by a U.S. Treasury Obligation, par value $5,736,600, 3.625%, 08/15/2043; with total market value $4,896,017)		4,800,000		4,800,000

Total Repurchase Agreements
(Cost $14,500,000)				14,500,000

ASSET-BACKED SECURITIES — 14.6%

Automotive — 11.8%
Ally Auto Receivables Trust, Ser 2022-3, Cl A4
5.070%, 10/16/28	$	279,829	$	280,025
ARI Fleet Lease Trust, Ser 2023-B, Cl A2
6.050%, 07/15/32 (D)		77,149		77,519
ARI Fleet Lease Trust, Ser 2024-A, Cl A2
5.300%, 11/15/32 (D)		119,557		120,019
ARI Fleet Lease Trust, Ser 2026-A, Cl A1
3.812%, 01/15/27 (D)		214,990		214,943
BMW Vehicle Lease Trust, Ser 2024-1, Cl A3
4.980%, 03/25/27		30,722		30,748
BMW Vehicle Lease Trust, Ser 2025-1, Cl A2B
4.035%, SOFR30A + 0.390%, 09/27/27 (C)		97,126		97,175
CarMax Auto Owner Trust, Ser 2022-4, Cl A3
5.340%, 08/16/27		13,505		13,513
Chesapeake Funding II, Ser 2023-1A, Cl A1
5.650%, 05/15/35 (D)		164,543		164,642

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

CATHOLIC RESPONSIBLE INVESTMENTS ULTRA SHORT BOND FUND

April 30, 2026 (Unaudited)

ASSET-BACKED SECURITIES — continued

	Face Amount		Value
Chesapeake Funding II, Ser 2023-1A, Cl A2
4.890%, SOFR30A + 1.250%, 05/15/35 (C)(D)	$	27,972	$	27,980
Chesapeake Funding II, Ser 2023-2A, Cl A1
6.160%, 10/15/35 (D)		34,438		34,679
Citizens Auto Receivables Trust, Ser 2023-1, Cl A3
5.840%, 01/18/28 (D)		66,131		66,348
Enterprise Fleet Financing, Ser 2023-2, Cl A2
5.560%, 04/22/30 (D)		181,725		182,347
Enterprise Fleet Financing, Ser 2024-3, Cl A2
5.310%, 04/20/27 (D)		15,763		15,793
Enterprise Fleet Financing, Ser 2025-4, Cl A1
4.103%, 10/20/26 (D)		75,173		75,195
Enterprise Fleet Financing, Ser 2026-1, Cl A1
3.849%, 02/22/27 (D)		220,445		220,446
Ford Credit Auto Lease Trust, Ser 2025-A, Cl A2B
4.050%, SOFR30A + 0.410%, 08/15/27 (C)		166,233		166,249
Ford Credit Auto Owner Trust, Ser 2022-C, Cl A4
4.590%, 12/15/27		424,625		424,933
Ford Credit Auto Owner Trust, Ser 2025-A, Cl A2B
4.050%, SOFR30A + 0.410%, 12/15/27 (C)		283,865		283,957
Ford Credit Auto Owner Trust, Ser 2025-C, Cl A1
3.993%, 12/15/26		137,067		137,086
GM Financial Automobile Leasing Trust, Ser 2024-1, Cl A3
5.090%, 03/22/27		30,342		30,362
GM Financial Automobile Leasing Trust, Ser 2025-2, Cl A2B
4.140%, SOFR30A + 0.500%, 07/20/27 (C)		76,700		76,754
GM Financial Consumer Automobile Receivables Trust, Ser 2023-3, Cl A3
5.450%, 06/16/28		139,659		140,399
GMF Floorplan Owner Revolving Trust Series, Ser 2025-1A, Cl A2
4.240%, SOFR30A + 0.600%, 03/15/29 (C)(D)		1,195,000		1,197,294

ASSET-BACKED SECURITIES — continued

	Face Amount		Value
Honda Auto Receivables 2025-4 Owner Trust, Ser 2025-4, Cl A2A
4.040%, 06/15/28	$	210,000	$	210,069
Honda Auto Receivables Owner Trust, Ser 2023-2, Cl A3
4.930%, 11/15/27		254,984		255,713
Honda Auto Receivables Owner Trust, Ser 2025-2, Cl A2B
4.120%, SOFR30A + 0.480%, 01/18/28 (C)		98,860		98,905
Hyundai Auto Lease Securitization Trust, Ser 2025-B, Cl A2A
4.580%, 09/15/27 (D)		187,681		188,067
Hyundai Auto Receivables Trust, Ser 2024-C, Cl A2B
4.040%, SOFR30A + 0.400%, 09/15/27 (C)		46,037		46,042
Hyundai Auto Receivables Trust, Ser 2025-A, Cl A2B
3.980%, SOFR30A + 0.340%, 12/15/27 (C)		484,428		484,492
Hyundai Auto Receivables Trust, Ser 2025-B, Cl A2B
4.020%, SOFR30A + 0.380%, 08/15/28 (C)		154,229		154,260
Hyundai Auto Receivables Trust, Ser 2025-C, Cl A2B
3.990%, SOFR30A + 0.350%, 07/17/28 (C)		807,371		807,095
Hyundai Auto Receivables Trust, Ser 2025-D, Cl A1
4.039%, 11/16/26		95,359		95,370
Hyundai Auto Receivables Trust, Ser 2025-D, Cl A2A
4.030%, 11/15/28		465,000		465,110
Mercedes-Benz Auto Lease Trust, Ser 2024-A, Cl A3
5.320%, 01/18/28		163,594		164,470
Mercedes-Benz Auto Lease Trust, Ser 2025-A, Cl A2B
4.160%, SOFR30A + 0.520%, 04/17/28 (C)		116,283		116,371
Mercedes-Benz Auto Receivables Trust, Ser 2025-1, Cl A2A
4.500%, 02/15/28		163,463		163,580
Nissan Auto Lease Trust, Ser 2024-B, Cl A2A
5.050%, 06/15/27		64,486		64,589

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

CATHOLIC RESPONSIBLE INVESTMENTS ULTRA SHORT BOND FUND

April 30, 2026 (Unaudited)

ASSET-BACKED SECURITIES — continued

	Face Amount		Value
Nissan Auto Lease Trust, Ser 2024-B, Cl A2B
4.050%, SOFR30A + 0.410%, 06/15/27 (C)	$	257,945	$	257,971
Nissan Auto Receivables Owner Trust, Ser 2023-A, Cl A3
4.910%, 11/15/27		71,463		71,615
Nissan Auto Receivables Owner Trust, Ser 2025-A, Cl A2B
4.090%, SOFR30A + 0.450%, 02/15/28 (C)		276,475		276,631
Porsche Financial Auto Securitization Trust, Ser 2023-2A, Cl A3
5.790%, 01/22/29 (D)		248,282		249,823
Porsche Innovative Lease Owner Trust, Ser 2024-2A, Cl A3
4.350%, 10/20/27 (D)		301,336		301,564
Porsche Innovative Lease Owner Trust, Ser 2025-1A, Cl A2B
4.140%, SOFR30A + 0.500%, 12/20/27 (C)(D)		48,356		48,381
Santander Drive Auto Receivables Trust, Ser 2025-2, Cl A2
4.710%, 06/15/28		89,025		89,079
SBNA Auto Lease Trust, Ser 2024-A, Cl A4
5.240%, 01/22/29 (D)		124,071		124,209
SBNA Auto Lease Trust, Ser 2024-B, Cl A4
5.550%, 12/20/28 (D)		105,000		105,602
Volkswagen Auto Lease Trust, Ser 2024-A, Cl A3
5.210%, 06/21/27		372,264		373,456
Volkswagen Auto Lease Trust, Ser 2025-B, Cl A2B
4.010%, SOFR30A + 0.370%, 04/20/28 (C)		332,737		332,871
Volkswagen Auto Lease Trust, Ser 2026-A, Cl A1
3.828%, 03/22/27		261,177		261,201
Volkswagen Auto Loan Enhanced Trust, Ser 2025-2, Cl A1
4.030%, 11/20/26		47,656		47,661
Wheels Fleet Lease Funding, Ser 2026-1A, Cl A1
3.959%, 04/19/27 (D)		950,000		950,095

ASSET-BACKED SECURITIES — continued

	Face Amount		Value
World Omni Automobile Lease Securitization Trust, Ser 2025-A, Cl A2B
4.030%, SOFR30A + 0.390%, 12/15/27 (C)	$	453,636	$	453,734
				11,336,432
Credit Card — 0.5%
CARDS II Trust, Ser 2024-1A, Cl A
4.326%, SOFR + 0.680%, 07/15/29 (C)(D)		280,000		280,244
Evergreen Credit Card Trust, Ser 2024-1A, Cl A
4.333%, SOFR + 0.680%, 07/15/28 (C)(D)		170,000		170,149
				450,393
Other Asset-Backed Securities — 2.3%
Amur Equipment Finance Receivables XII, Ser 2023-1A, Cl A2
6.090%, 12/20/29 (D)		144,864		145,627
Auxilior Term Funding, Ser 2023-1A, Cl A2
6.180%, 12/15/28 (D)		27,015		27,054
Barings Equipment Finance, Ser 2025-B, Cl A1
4.080%, 11/06/26 (D)		107,275		107,292
Cbam, Ser 2018-7A, Cl A
5.037%, TSFR3M + 1.362%, 07/20/31 (C)(D)		43,523		43,532
CCG Receivables Trust, Ser 2023-2, Cl A2
6.280%, 04/14/32 (D)		62,962		63,526
CCG Receivables Trust, Ser 2025-2, Cl A1
4.120%, 10/14/26 (D)		39,558		39,563
CNH Equipment Trust, Ser 2022-C, Cl A3
5.150%, 04/17/28		113,228		113,647
Daimler Trucks Retail Trust, Ser 2023-1, Cl A3
5.900%, 03/15/27		156,499		156,837
Daimler Trucks Retail Trust, Ser 2024-1, Cl A3
5.490%, 12/15/27		94,548		95,062
DLLAA, Ser 2025-1A, Cl A2
4.700%, 10/20/27 (D)		73,890		74,059
HPEFS Equipment Trust, Ser 2025-2A, Cl A1
4.153%, 10/20/26 (D)		88,718		88,738
John Deere Owner Trust, Ser 2023-A, Cl A3
5.010%, 11/15/27		86,341		86,542

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

CATHOLIC RESPONSIBLE INVESTMENTS ULTRA SHORT BOND FUND

April 30, 2026 (Unaudited)

ASSET-BACKED SECURITIES — continued

	Face Amount		Value
Kubota Credit Owner Trust, Ser 2026-1A, Cl A1
3.802%, 03/15/27 (D)	$	334,881	$	334,833
MMAF Equipment Finance, Ser 2019-B, Cl A5
2.290%, 11/12/41 (D)		315,736		315,062
PFS Financing, Ser 2025-A, Cl A
4.290%, SOFR30A + 0.650%, 01/15/29 (C)(D)		285,000		285,303
SCF Equipment Leasing, Ser 2025-2A, Cl A1
4.100%, 11/20/26 (D)		113,172		113,188
Volvo Financial Equipment Series, Ser 2025-2A, Cl A1
4.073%, 10/15/26 (D)		85,467		85,487
Volvo Financial Equipment Series, Ser 2025-2A, Cl A2
3.960%, 06/15/28 (D)		120,000		119,921
				2,295,273
Total Asset-Backed Securities
(Cost $14,083,620)				14,082,098

COMMERCIAL PAPER — 12.3%

Bank of America
0.000%, 09/04/26(B)	$	700,000	$	700,217
Barclays
3.801%, 07/30/26(A)		475,000		470,304
3.800%, 07/08/26(A)		500,000		496,309
Barton
3.766%, 05/01/26(A)		600,000		599,938
Caisse
3.744%, 06/17/26(A)		600,000		596,981
Chariot FDG LLC
3.864%, 06/03/26(A)		600,000		597,844
Chariot LLC
3.855%, 06/10/26(A)		475,000		472,938
Deaco
3.834%, 06/08/26(A)		650,000		647,309
Deaconess HSI
3.918%, 07/06/26(A)		475,000		471,586
Fairway
3.771%, 08/19/26(A)		600,000		592,852
Gotham
3.753%, 05/19/26(A)		475,000		474,062
HSBC INC
3.839%, 07/02/26(A)		519,000		515,439
Kenvue Inc
3.784%, 05/12/26(A)		475,000		474,422
3.777%, 06/23/26(A)		700,000		696,128
Loyds MKTS
3.760%, 05/19/26(A)		500,000		499,015

COMMERCIAL PAPER — continued

	Face Amount		Value
National
0.000%, 12/04/26(B)	$	700,000	$	700,000
RWJ Barnabas Health Inc
3.866%, 05/18/26(A)		850,000		848,449
Svenska Handelbanken AB
0.000%, 12/18/26(B)		700,000		701,099
Swedbank AB
3.917%, 09/18/26(A)		700,000		689,640
Thunder
3.731%, 06/11/26(A)		600,000		597,322

Total Commercial Paper
(Cost $11,842,125)				11,841,854

MORTGAGE-BACKED SECURITIES — 1.7%

Agency Mortgage-Backed Obligations — 1.7%
FHLMC, Ser 2026-431, Cl LB
4.000%, 04/25/27	$	934,140	$	932,629
FNMA, Ser 2012-70, Cl BW
1.750%, 06/25/27		718,295		709,127
				1,641,756
Total Mortgage-Backed Securities
(Cost $1,643,748)				1,641,756
Total Investments in Securities— 99.9%
(Cost $96,205,416)			$	96,193,552

Percentages are based on Net Assets of $96,300,730.

(A)

Interest rate represents the security's effective yield at the time of purchase.

(B)

No interest rate available.

(C)

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.

(D)

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, 2026 was $13,956,213 and represented 14.5% of Net Assets.

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

CATHOLIC RESPONSIBLE INVESTMENTS ULTRA SHORT BOND FUND

April 30, 2026 (Unaudited)

Cl — Class

FHLMC — Federal Home Loan Mortgage Corporation

FNMA — Federal National Mortgage Association

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

MTN — Medium Term Note

Ser — Series

SOFRINDX — Secured Overnight Financing Rate Index

SOFR30A — Secured Overnight Financing Rate 30-day Average

TSFR3M — Term Secured Overnight Financing Rate 3 Month

SOFR — Secured Overnight Financing Rate

As of April 30, 2026, 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 accounting principles generally accepted in the United States of America.

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, 2026 (Unaudited)

SCHEDULE OF INVESTMENTS

CORPORATE OBLIGATIONS — 39.2%

	Face Amount		Value
COMMUNICATION SERVICES — 1.6%
Alphabet
1.100%, 08/15/30	$	3,000,000	$	2,637,565
AT&T
4.400%, 04/30/31		1,350,000		1,335,000
2.750%, 06/01/31		975,000		890,022
Comcast
5.100%, 06/01/29		1,150,000		1,173,828
NTT Finance
5.104%, 07/02/27(A)		1,150,000		1,158,857
Sprint Capital
6.875%, 11/15/28		550,000		580,583
T-Mobile USA
3.750%, 04/15/27		600,000		597,573
Verizon Communications
7.750%, 12/01/30		775,000		872,574
				9,246,002
CONSUMER DISCRETIONARY — 3.2%
AutoZone
5.125%, 06/15/30		965,000		983,033
BMW US Capital
4.650%, 03/19/31(A)		2,275,000		2,260,901
Daimler Truck Finance North America
5.125%, 09/25/27(A)		1,155,000		1,164,112
5.000%, 01/15/27(A)		325,000		326,732
Element Fleet Management
5.643%, 03/13/27(A)		980,000		989,640
ERAC USA Finance
4.700%, 04/30/31(A)		1,375,000		1,372,606
General Motors Financial
5.400%, 05/08/27		1,000,000		1,010,236
4.200%, 10/27/28		1,025,000		1,016,600
Hyatt Hotels
5.750%, 01/30/27		750,000		756,592
5.250%, 06/30/29		1,150,000		1,168,186
Hyundai Capital America MTN
5.950%, 09/21/26(A)		750,000		754,515
5.275%, 06/24/27(A)		400,000		403,144
5.250%, 01/08/27(A)		750,000		754,334
4.250%, 01/08/29(A)		900,000		890,373
Mercedes-Benz Finance North America
4.125%, 03/10/28(A)		2,275,000		2,263,723
O'Reilly Automotive
5.750%, 11/20/26		850,000		856,471
Trustees of Dartmouth College
4.273%, 06/01/30		350,000		349,249
YMCA of Greater New York
5.184%, 08/01/30		500,000		498,035
				17,818,482

CORPORATE OBLIGATIONS — continued

	Face Amount		Value
CONSUMER STAPLES — 0.6%
Coca-Cola Consolidated
5.250%, 06/01/29	$	290,000	$	296,503
Coty
5.600%, 01/15/31(A)		220,000		214,014
Keurig Dr Pepper
5.100%, 03/15/27		480,000		482,500
4.600%, 05/15/30		1,200,000		1,191,535
Maple Parent Holdings
5.050%, 03/26/31(A)		195,000		195,376
Mars
4.600%, 03/01/28(A)		1,200,000		1,206,955
				3,586,883
ENERGY — 1.3%
Abu Dhabi Future Energy PJSC Masdar MTN
4.875%, 05/21/30		500,000		500,901
Columbia Pipelines Holding
6.055%, 08/15/26(A)		290,000		290,970
Enbridge
5.900%, 11/15/26		720,000		725,868
Energy Transfer
6.050%, 12/01/26		925,000		933,750
Equinor
4.500%, 09/03/30		345,000		346,162
Hess
4.300%, 04/01/27		1,750,000		1,751,369
ONEOK
5.550%, 11/01/26		1,325,000		1,331,705
Var Energi
5.875%, 05/22/30(A)		1,840,000		1,900,259
				7,780,984
FINANCIALS — 21.0%
ABN AMRO Bank
6.339%, H15T1Y + 1.650%, 09/18/27(A)(B)		1,200,000		1,208,273
African Development Bank
4.125%, 02/25/27		2,000,000		2,002,962
3.500%, 09/18/29		500,000		492,320
American Express
5.389%, SOFR + 0.970%, 07/28/27(B)		550,000		551,381
5.098%, SOFR + 1.000%, 02/16/28(B)		650,000		653,839
American National Global Funding MTN
4.875%, 01/23/31(A)		585,000		575,479
Andina de Fomento MTN
4.251%, 02/03/31		2,400,000		2,338,220
Arab Energy Fund
1.483%, 10/06/26(A)		2,930,000		2,894,043

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

CATHOLIC RESPONSIBLE INVESTMENTS SHORT DURATION BOND FUND

April 30, 2026 (Unaudited)

CORPORATE OBLIGATIONS — continued

	Face Amount		Value
FINANCIALS — continued
Arab Petroleum Investments
5.428%, 05/02/29(A)	$	1,500,000	$	1,535,838
Ares Capital
7.000%, 01/15/27		900,000		911,648
Asian Infrastructure Investment Bank
4.875%, 09/14/26		500,000		501,803
4.289%, SOFRINDX + 0.620%, 08/16/27(B)		2,000,000		2,009,029
Athene Global Funding
5.583%, 01/09/29(A)		875,000		887,031
5.339%, 01/15/27(A)		1,000,000		1,005,983
Aviation Capital Group
4.875%, 01/28/33(A)		1,350,000		1,308,309
4.800%, 10/24/30(A)		1,225,000		1,216,603
Bank of America MTN
5.933%, SOFR + 1.340%, 09/15/27(B)		1,500,000		1,507,816
5.819%, SOFR + 1.570%, 09/15/29(B)		1,450,000		1,491,928
5.162%, SOFR + 1.000%, 01/24/31(B)		775,000		789,403
3.705%, TSFR3M + 1.774%, 04/24/28(B)		1,000,000		993,245
Bank of New York Mellon
4.026%, SOFR + 0.634%, 01/22/30(B)		755,000		747,144
Barclays
6.496%, SOFR + 1.880%, 09/13/27(B)		500,000		503,630
5.829%, SOFR + 2.210%, 05/09/27(B)		550,000		550,131
BNP Paribas
2.591%, SOFR + 1.228%, 01/20/28(A)(B)		625,000		616,636
1.675%, SOFR + 0.912%, 06/30/27(A)(B)		1,000,000		995,303
BPCE
6.612%, SOFR + 1.980%, 10/19/27(A)(B)		1,125,000		1,136,316
5.203%, 01/18/27(A)		1,150,000		1,158,488
CaixaBank
6.684%, SOFR + 2.080%, 09/13/27(A)(B)		750,000		756,083
Canadian Imperial Bank of Commerce
5.237%, 06/28/27		845,000		854,881
Central American Bank for Economic Integration
3.750%, 01/22/29(A)		450,000		445,086

CORPORATE OBLIGATIONS — continued

	Face Amount		Value
FINANCIALS — continued
Citibank
4.876%, SOFR + 0.712%, 11/19/27(B)	$	1,500,000	$	1,505,088
Citigroup
5.174%, SOFR + 1.364%, 02/13/30(B)		1,150,000		1,167,458
Citizens Bank
4.575%, SOFR + 2.000%, 08/09/28(B)		600,000		600,876
Clearinghouse Community Development Financial Institution
7.000%, 10/15/30(A)		1,000,000		994,795
Corebridge Global Funding
5.200%, 01/12/29(A)		380,000		385,634
4.900%, 12/03/29(A)		925,000		928,261
Credit Agricole
5.230%, SOFR + 1.130%, 01/09/29(A)(B)		1,250,000		1,262,604
Credit Agricole Corporate & Investment Bank MTN
4.570%, 08/25/30		2,000,000		1,973,805
Danske Bank
5.427%, H15T1Y + 0.950%, 03/01/28(A)(B)		1,350,000		1,361,517
4.420%, H15T1Y + 0.850%, 09/12/31(A)(B)		875,000		860,142
Equitable Financial Life Global Funding
1.800%, 03/08/28(A)		1,350,000		1,282,805
European Investment Bank
2.375%, 05/24/27		2,500,000		2,459,680
F&G Global Funding
4.650%, 09/08/28(A)		495,000		488,652
Fifth Third Bancorp
1.707%, SOFR + 0.685%, 11/01/27(B)		2,500,000		2,466,546
Fortitude Global Funding
4.625%, 10/06/28(A)		185,000		183,205
Goldman Sachs Bank USA NY
5.414%, SOFR + 0.750%, 05/21/27(B)		1,150,000		1,150,588
Goldman Sachs Group
6.484%, SOFR + 1.770%, 10/24/29(B)		3,125,000		3,262,643
4.594%, SOFR + 0.990%, 04/20/30(B)		1,175,000		1,172,390
4.387%, SOFR + 1.510%, 06/15/27(B)		500,000		499,936
4.223%, TSFR3M + 1.563%, 05/01/29(B)		1,000,000		993,388
3.850%, 01/26/27		1,175,000		1,172,488

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

CATHOLIC RESPONSIBLE INVESTMENTS SHORT DURATION BOND FUND

April 30, 2026 (Unaudited)

CORPORATE OBLIGATIONS — continued

	Face Amount		Value
FINANCIALS — continued
2.640%, SOFR + 1.114%, 02/24/28(B)	$	625,000	$	615,847
Horace Mann Educators
4.700%, 10/01/30		1,300,000		1,281,131
HPS Corporate Lending Fund
5.300%, 06/05/27		885,000		881,441
HSBC Holdings
5.887%, SOFR + 1.570%, 08/14/27(B)		1,410,000		1,415,414
4.398%, SOFR + 0.990%, 03/10/30(B)		1,375,000		1,365,748
ING Groep
6.083%, SOFR + 1.560%, 09/11/27(B)		735,000		738,993
Inter-American Development Bank
3.802%, 11/12/30		1,000,000		977,787
2.000%, 07/23/26		1,000,000		995,813
Inter-American Investment
4.125%, 02/15/28		500,000		500,968
Intercontinental Exchange
3.625%, 09/01/28		1,300,000		1,280,282
International Bank for Reconstruction & Development MTN
1.123%, 12/12/26(C)		2,500,000		2,460,073
0.510%, 03/31/28(B)		1,000,000		983,168
0.000%, 03/31/27(D)		2,500,000		2,408,928
International Finance Facility for Immunisation MTN
4.125%, 10/29/27		1,000,000		1,001,427
Jackson National Life Global Funding
5.550%, 07/02/27(A)		595,000		601,010
JPMorgan Chase
6.087%, SOFR + 1.570%, 10/23/29(B)		1,000,000		1,036,789
6.070%, SOFR + 1.330%, 10/22/27(B)		5,000,000		5,041,538
5.571%, SOFR + 0.930%, 04/22/28(B)		1,150,000		1,162,937
4.979%, SOFR + 0.930%, 07/22/28(B)		980,000		986,612
4.347%, SOFR + 0.840%, 01/22/32(B)		1,875,000		1,846,036
3.702%, TSFR3M + 1.422%, 05/06/30(B)		825,000		805,619
KBC Group
5.796%, H15T1Y + 2.100%, 01/19/29(A)(B)		295,000		300,961

CORPORATE OBLIGATIONS — continued

	Face Amount		Value
FINANCIALS — continued
KEB Hana Bank MTN
4.276%, SOFR + 0.600%, 10/21/28(A)(B)	$	425,000	$	426,321
Kreditanstalt fuer Wiederaufbau
1.000%, 10/01/26		750,000		741,269
Lincoln Financial Global Funding
4.625%, 08/18/30(A)		165,000		163,856
Lloyds Banking Group
5.985%, H15T1Y + 1.480%, 08/07/27(B)		750,000		752,769
5.087%, H15T1Y + 0.850%, 11/26/28(B)		1,200,000		1,210,401
Lseg US Finance
4.875%, 03/28/27(A)		1,000,000		1,005,462
M&T Bank MTN
7.413%, SOFR + 2.800%, 10/30/29(B)		1,400,000		1,491,847
4.833%, SOFR + 0.930%, 01/16/29(B)		1,000,000		1,003,915
Morgan Stanley MTN
5.652%, SOFR + 1.010%, 04/13/28(B)		1,150,000		1,162,882
5.449%, SOFR + 1.630%, 07/20/29(B)		205,000		208,766
Morgan Stanley Bank
4.952%, SOFR + 1.080%, 01/14/28(B)		1,150,000		1,154,544
Morgan Stanley Private Bank
4.213%, SOFR + 0.762%, 02/08/30(B)		1,205,000		1,191,868
Nationwide Building Society
6.557%, SOFR + 1.910%, 10/18/27(A)(B)		1,125,000		1,136,168
NLG Global Funding
4.350%, 09/15/30(A)		645,000		633,388
Nordea Bank Abp
5.375%, 09/22/27(A)		600,000		608,163
Pacific Life Global Funding II
4.450%, 05/01/28(A)		1,200,000		1,202,455
PNC Bank
4.050%, 07/26/28		1,375,000		1,364,211
PNC Financial Services Group
6.615%, SOFRINDX + 1.730%, 10/20/27(B)		750,000		757,807
1.150%, 08/13/26		1,000,000		991,823
Principal Life Global Funding II
4.950%, 11/27/29(A)		1,175,000		1,186,448
RGA Global Funding
5.448%, 05/24/29(A)		590,000		603,475
Rocket Mortgage
2.875%, 10/15/26(A)		1,330,000		1,317,582

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

CATHOLIC RESPONSIBLE INVESTMENTS SHORT DURATION BOND FUND

April 30, 2026 (Unaudited)

CORPORATE OBLIGATIONS — continued

	Face Amount		Value
FINANCIALS — continued
Royal Bank of Canada MTN
4.696%, SOFR + 1.060%, 08/06/31(B)	$	1,275,000	$	1,274,053
Skandinaviska Enskilda Banken
5.125%, 03/05/27(A)		950,000		957,958
Swedbank
5.083%, 05/21/30(A)		1,455,000		1,478,035
Truist Financial MTN
4.123%, SOFR + 1.368%, 06/06/28(B)		1,000,000		996,397
UBS
4.864%, SOFR + 0.720%, 01/10/28(B)		1,175,000		1,179,496
Wells Fargo MTN
6.303%, SOFR + 1.790%, 10/23/29(B)		1,450,000		1,509,251
5.707%, SOFR + 1.070%, 04/22/28(B)		1,150,000		1,163,769
5.244%, SOFR + 1.110%, 01/24/31(B)		775,000		790,045
Westpac New Zealand
5.132%, 02/26/27(A)		1,000,000		1,007,940
WLB Asset II D Pte
6.500%, 12/21/26(A)		978,522		950,583
WLB Asset VI Pte
7.250%, 12/21/27(A)		987,888		1,021,837
WLB Asset VII Pte
5.880%, 07/30/29(A)		462,500		461,206
				120,605,864
HEALTH CARE — 1.7%
Ascension Health
4.078%, 11/15/28		820,000		816,379
CVS Pass-Through Trust
6.036%, 12/10/28		1,177,038		1,185,265
Elevance Health
5.150%, 06/15/29		220,000		223,984
Icon Investments Six DAC
5.809%, 05/08/27		265,000		267,275
Lifespan
4.650%, 05/15/31		485,000		482,579
PeaceHealth Obligated Group
4.335%, 11/15/28		380,000		378,204
Royalty Pharma
1.750%, 09/02/27		1,275,000		1,230,783
RWJBH Corporate Services
4.000%, 07/01/28		1,820,000		1,808,048
Smith & Nephew
5.150%, 03/20/27		515,000		517,888
Stryker
4.700%, 02/10/28		1,200,000		1,207,440

CORPORATE OBLIGATIONS — continued

	Face Amount		Value
HEALTH CARE — continued
Zoetis
4.150%, 08/17/28	$	1,300,000	$	1,294,038
				9,411,883
INDUSTRIALS — 1.5%
AerCap Ireland Capital DAC
6.100%, 01/15/27		1,000,000		1,010,857
4.875%, 04/01/28		925,000		930,447
Howmet Aerospace
3.900%, 04/15/29		440,000		433,741
Norfolk Southern
2.300%, 05/15/31		5,130,000		4,615,533
Penske Truck Leasing Lp
5.350%, 01/12/27(A)		485,000		488,024
Waste Management
4.950%, 07/03/27		1,150,000		1,160,561
				8,639,163
INFORMATION TECHNOLOGY — 2.0%
Apple
3.000%, 06/20/27		2,000,000		1,979,454
Broadcom
5.050%, 04/15/30		1,175,000		1,198,912
Cadence Design Systems
4.300%, 09/10/29		760,000		757,944
Fidelity National Information Services
4.550%, 03/10/29		1,080,000		1,075,930
Flex
6.000%, 01/15/28		550,000		562,091
Foundry JV Holdco
5.500%, 01/25/31(A)		1,175,000		1,205,473
International Business Machines
4.300%, 02/03/31		2,275,000		2,243,031
Open Text
6.900%, 12/01/27(A)		1,295,000		1,324,259
Oracle
4.950%, 02/04/31		900,000		880,463
2.300%, 03/25/28		650,000		620,507
				11,848,064
MATERIALS — 0.2%
Anglo American Capital
4.625%, 03/19/31(A)		1,375,000		1,360,122

REAL ESTATE — 1.6%
Bridge Housing
3.250%, 07/15/30		2,000,000		1,846,768
Community Preservation
2.867%, 02/01/30		250,000		232,566
Cousins Properties
5.250%, 07/15/30‡		1,200,000		1,219,441

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

CATHOLIC RESPONSIBLE INVESTMENTS SHORT DURATION BOND FUND

April 30, 2026 (Unaudited)

CORPORATE OBLIGATIONS — continued

	Face Amount		Value
REAL ESTATE — continued
ERP Operating
4.150%, 12/01/28‡	$	1,000,000	$	994,736
Extra Space Storage
5.700%, 04/01/28‡		1,225,000		1,249,866
Host Hotels & Resorts
2.900%, 12/15/31‡		500,000		447,337
Realty Income
4.700%, 12/15/28‡		1,250,000		1,258,977
SBA Tower Trust
4.831%, 10/15/29‡(A)		1,955,000		1,960,718
				9,210,409
UTILITIES — 4.5%
AEP Texas
3.950%, 06/01/28		1,200,000		1,188,472
Alliant Energy Finance
5.400%, 06/06/27(A)		910,000		916,132
CenterPoint Energy Resources
1.750%, 10/01/30		1,525,000		1,354,707
Consumers 2023 Securitization Funding
5.550%, 03/01/28		445,463		448,550
Continental Wind
6.000%, 02/28/33(A)		787,179		798,991
ContourGlobal Power Holdings
6.750%, 02/28/30(A)		250,000		253,750
Emera US Finance
3.550%, 06/15/26		1,025,000		1,023,381
ENEL Finance International
4.375%, 09/30/30(A)		1,350,000		1,328,032
FirstEnergy
2.650%, 03/01/30		1,450,000		1,346,681
FirstEnergy Pennsylvania Electric
4.550%, 03/15/31(A)		1,375,000		1,366,880
Georgia Power
4.850%, 03/15/31		1,200,000		1,215,191
4.650%, 05/16/28		1,175,000		1,183,467
Hanwha Futureproof
4.750%, 04/30/28(A)		500,000		503,691
ITC Holdings
4.950%, 09/22/27(A)		1,200,000		1,205,865
MidAmerican Energy
3.650%, 04/15/29		2,000,000		1,964,312
New York State Electric & Gas
2.150%, 10/01/31(A)		895,000		781,578
Niagara Mohawk Power
4.647%, 10/03/30(A)		1,325,000		1,321,635
PG&E Recovery Funding
4.838%, 06/01/33		3,402,118		3,435,790

CORPORATE OBLIGATIONS — continued

	Face Amount		Value
UTILITIES — continued
San Diego Gas & Electric
4.950%, 08/15/28	$	1,000,000	$	1,013,393
Solar Star Funding
5.375%, 06/30/35(A)		486,274		486,148
Texas Electric Market Stabilization Funding N
4.265%, 08/01/34(A)		1,855,029		1,832,878
XPLR Infrastructure Operating Partners LP
7.250%, 01/15/29(A)		1,016,000		1,056,622
				26,026,146
Total Corporate Obligations
(Cost $225,201,559)				225,534,002

U.S. TREASURY OBLIGATIONS — 20.3%

U.S. Treasury Notes
4.250%, 01/15/28	$	18,330,000	$	18,437,403
3.875%, 07/15/28		14,900,000		14,893,598
3.625%, 08/15/28		17,475,000		17,372,607
3.500%, 11/15/28		13,150,000		13,021,068
3.375%, 09/15/28		8,725,000		8,621,391
3.125%, 08/31/27		9,175,000		9,088,626
1.875%, 06/30/26		680,000		677,968
1.250%, 06/30/28		17,785,000		16,816,551
0.625%, 12/31/27		18,850,000		17,866,265

Total U.S. Treasury Obligations
(Cost $117,057,444)				116,795,477

ASSET-BACKED SECURITIES — 19.9%

Automotive — 11.3%
Ally Auto Receivables Trust, Ser 2026-1, Cl A4
4.020%, 06/15/31	$	1,375,000	$	1,357,917
Americredit Automobile Receivables Trust, Ser 2023-1, Cl A3
5.620%, 11/18/27		42,318		42,353
ARI Fleet Lease Trust, Ser 2023-B, Cl A2
6.050%, 07/15/32 (A)		61,719		62,015
ARI Fleet Lease Trust, Ser 2025-B, Cl A3
4.600%, 03/15/34 (A)		260,000		261,340
ARI Fleet Lease Trust, Ser 2026-A, Cl A2
3.960%, 11/15/34 (A)		1,145,000		1,140,969

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

CATHOLIC RESPONSIBLE INVESTMENTS SHORT DURATION BOND FUND

April 30, 2026 (Unaudited)

ASSET-BACKED SECURITIES — continued

	Face Amount		Value
Bank of America Auto Trust, Ser 2023-1A, Cl A3
5.530%, 02/15/28 (A)	$	228,339	$	229,543
Bank of America Auto Trust, Ser 2023-2A, Cl A3
5.740%, 06/15/28 (A)		446,851		449,783
BMW Vehicle Owner Trust, Ser 2023-A, Cl A3
5.470%, 02/25/28		113,375		113,910
BofA Auto Trust, Ser 2024-1A, Cl A4
5.310%, 06/17/30 (A)		1,235,000		1,250,850
BofA Auto Trust, Ser 2025-1A, Cl A4
4.470%, 11/20/31 (A)		450,000		451,087
Capital One Prime Auto Receivables Trust, Ser 2025-1, Cl A3
3.850%, 07/15/30		325,000		322,709
Capital One Prime Auto Receivables Trust, Ser 2025-1, Cl A4
3.920%, 02/18/31		340,000		337,058
Carmax Auto Owner Trust, Ser 2022-3, Cl B
4.690%, 02/15/28		800,000		801,194
CarMax Auto Owner Trust, Ser 2023-1, Cl A3
4.750%, 10/15/27		50,759		50,802
Carmax Auto Owner Trust, Ser 2023-3, Cl A3
5.280%, 05/15/28		306,607		308,054
CarMax Auto Owner Trust, Ser 2024-4, Cl A2A
4.670%, 12/15/27		123,836		123,909
Carmax Auto Owner Trust, Ser 2025-3, Cl A3
4.350%, 07/15/30		501,000		502,392
CarMax Auto Owner Trust, Ser 2026-1, Cl A4
4.180%, 03/15/32		350,000		348,288
Chesapeake Funding II, Ser 2023-1A, Cl A1
5.650%, 05/15/35 (A)		180,997		181,107
Citizens Auto Receivables Trust, Ser 2023-2, Cl A3
5.830%, 02/15/28 (A)		309,996		311,304
Citizens Auto Receivables Trust, Ser 2024-1, Cl A3
5.110%, 04/17/28 (A)		238,759		239,652
Enterprise Fleet Financing, Ser 2023-2, Cl A2
5.560%, 04/22/30 (A)		239,876		240,698

ASSET-BACKED SECURITIES — continued

	Face Amount		Value
Enterprise Fleet Financing, Ser 2023-3, Cl A2
6.400%, 03/20/30 (A)	$	852,225	$	859,632
Enterprise Fleet Financing, Ser 2024-1, Cl A3
5.160%, 09/20/30 (A)		355,000		359,007
Enterprise Fleet Financing, Ser 2025-2, Cl A3
4.410%, 06/20/29 (A)		1,010,000		1,011,568
Enterprise Fleet Financing, Ser 2025-4, Cl A3
4.110%, 12/20/29 (A)		1,009,000		1,003,473
Flagship Credit Auto Trust, Ser 2023-3, Cl A3
5.440%, 04/17/28 (A)		53,940		53,963
Ford Credit Auto Lease Trust, Ser 2025-B, Cl A3
4.230%, 12/15/28		2,450,000		2,453,941
Ford Credit Auto Lease Trust, Ser 2026-A, Cl A3
4.000%, 07/15/29		525,000		523,017
Ford Credit Auto Lease Trust, Ser 2026-A, Cl A4
4.080%, 02/15/30		800,000		795,362
Ford Credit Auto Owner Trust, Ser 2024-C, Cl A3
4.070%, 07/15/29		550,000		550,310
Ford Credit Auto Owner Trust, Ser 2024-D, Cl A3
4.610%, 08/15/29		1,566,000		1,575,436
Ford Credit Auto Owner Trust, Ser 2025-C, Cl A4
3.980%, 01/15/32		1,070,000		1,056,617
Ford Credit Floorplan Master Owner Trust A, Ser 2024-1, Cl A1
5.290%, 04/15/29 (A)		1,200,000		1,213,591
Ford Credit Floorplan Master Owner Trust, Ser 2023-1, Cl A1
4.920%, 05/15/28 (A)		730,000		730,272
Foursight Capital Automobile Receivables Trust, Ser 2023-2, Cl A2
5.990%, 05/15/28 (A)		10,650		10,658
GLS Auto Select Receivables Trust, Ser 2023-2A, Cl A2
6.370%, 06/15/28 (A)		19,272		19,291
GM Financial Automobile Leasing Trust, Ser 2026-1, Cl A4
3.980%, 01/22/30		225,000		223,879

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

CATHOLIC RESPONSIBLE INVESTMENTS SHORT DURATION BOND FUND

April 30, 2026 (Unaudited)

ASSET-BACKED SECURITIES — continued

	Face Amount		Value
GM Financial Automobile Leasing Trust, Ser 2026-1, Cl B
4.120%, 01/22/30	$	195,000	$	193,740
GM Financial Consumer Automobile Receivables Trust, Ser 2023-2, Cl A3
4.470%, 02/16/28		108,782		108,912
GM Financial Consumer Automobile Receivables Trust, Ser 2023-3, Cl A3
5.450%, 06/16/28		688,985		692,626
GM Financial Consumer Automobile Receivables Trust, Ser 2023-4, Cl A4
5.710%, 02/16/29		500,000		508,990
GM Financial Consumer Automobile Receivables Trust, Ser 2024-1, Cl A3
4.850%, 12/18/28		315,022		316,250
GM Financial Consumer Automobile Receivables Trust, Ser 2025-2, Cl B
4.620%, 05/16/31		405,000		406,524
Gm Financial Consumer Automobile Receivables Trust, Ser 2025-3, Cl A3
4.180%, 08/16/30		2,000,000		2,001,955
GM Financial Consumer Automobile Receivables Trust, Ser 2025-4, Cl A3
3.840%, 02/18/31		220,000		218,474
GM Financial Consumer Automobile Receivables Trust, Ser 2025-4, Cl A4
3.930%, 04/16/32		200,000		197,537
GM Financial Consumer Automobile Receivables Trust, Ser 2026-1, Cl A4
3.970%, 06/16/32		975,000		962,944
GMF Floorplan Owner Revolving Trust, Ser 2024-1A, Cl A1
5.130%, 03/15/29 (A)		2,275,000		2,296,018
Honda Auto Receivables Owner Trust, Ser 2023-2, Cl A3
4.930%, 11/15/27		386,340		387,441
Honda Auto Receivables Owner Trust, Ser 2023-4, Cl A3
5.670%, 06/21/28		981,636		989,900
Honda Auto Receivables Owner Trust, Ser 2024-1, Cl A4
5.170%, 05/15/30		880,000		890,076

ASSET-BACKED SECURITIES — continued

	Face Amount		Value
Honda Auto Receivables Owner Trust, Ser 2025-2, Cl A3
4.150%, 10/15/29	$	460,000	$	460,099
Hyundai Auto Lease Securitization Trust, Ser 2025-C, Cl A3
4.360%, 07/17/28 (A)		1,450,000		1,453,760
Hyundai Auto Lease Securitization Trust, Ser 2026-A, Cl A4
4.010%, 12/17/29 (A)		645,000		640,205
Hyundai Auto Lease Securitization Trust, Ser 2026-B, Cl A4
4.230%, 03/15/30 (A)		2,275,000		2,270,962
Hyundai Auto Receivables Trust, Ser 2023-B, Cl A3
5.480%, 04/17/28		614,343		617,243
Hyundai Auto Receivables Trust, Ser 2025-D, Cl A4
4.070%, 03/15/32		540,000		536,432
Hyundai Auto Receivables Trust, Ser 2025-D, Cl B
4.360%, 03/15/32		595,000		592,493
Hyundai Floorplan Master Owner Trust, Ser 2025-1A, Cl A
4.010%, 10/15/30 (A)		2,165,000		2,149,034
M&T Bank Auto Receivables Trust, Ser 2024-1A, Cl A3
5.220%, 02/17/32 (A)		876,066		883,879
Mercedes-Benz Auto Lease Trust, Ser 2024-A, Cl A3
5.320%, 01/18/28		1,704,108		1,713,155
Mercedes-Benz Auto Receivables Trust, Ser 2023-1, Cl A3
4.510%, 11/15/27		103,077		103,191
Nissan Auto Lease Trust, Ser 2025-B, Cl A3
4.320%, 11/15/28		2,250,000		2,256,066
Nissan Auto Receivables Owner Trust, Ser 2025-A, Cl A3
4.490%, 12/17/29		1,410,000		1,417,514
Porsche Financial Auto Securitization Trust, Ser 2023-2A, Cl A3
5.790%, 01/22/29 (A)		91,864		92,433
Santander Drive Auto Receivables Trust, Ser 2022-2, Cl C
3.760%, 07/16/29		533,190		532,993

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

CATHOLIC RESPONSIBLE INVESTMENTS SHORT DURATION BOND FUND

April 30, 2026 (Unaudited)

ASSET-BACKED SECURITIES — continued

	Face Amount		Value
SFS Auto Receivables Securitization Trust, Ser 2023-1A, Cl A3
5.470%, 10/20/28 (A)	$	350,051	$	351,476
SFS Auto Receivables Securitization Trust, Ser 2024-1A, Cl A3
4.950%, 05/21/29 (A)		185,612		186,449
Tesla Auto Lease Trust, Ser 2024-A, Cl A3
5.300%, 06/21/27 (A)		248,868		249,269
Tesla Auto Lease Trust, Ser 2024-B, Cl A3
4.820%, 10/20/27 (A)		412,080		412,927
Tesla Electric Vehicle Trust, Ser 2023-1, Cl A3
5.380%, 06/20/28 (A)		211,025		212,419
Toyota Auto Receivables Owner Trust, Ser 2025-C, Cl A3
4.110%, 03/15/30		865,000		865,118
Toyota Auto Receivables Owner Trust, Ser 2026-A, Cl A4
3.970%, 07/15/31		580,000		573,977
Toyota Lease Owner Trust, Ser 2024-B, Cl A4
4.250%, 01/22/29 (A)		1,500,000		1,501,941
Toyota Lease Owner Trust, Ser 2025-B, Cl A4
3.970%, 01/22/30 (A)		675,000		669,795
Toyota Lease Owner Trust, Ser 2026-A, Cl A3
3.820%, 02/20/29 (A)		670,000		665,500
Toyota Lease Owner Trust, Ser 2026-A, Cl A4
3.870%, 06/20/30 (A)		750,000		740,481
USAA Auto Owner Trust, Ser 2023-A, Cl A3
5.580%, 05/15/28 (A)		246,653		247,829
Volkswagen Auto Lease Trust, Ser 2024-A, Cl A3
5.210%, 06/21/27		238,249		239,012
Volkswagen Auto Lease Trust, Ser 2025-A, Cl A4
4.560%, 03/20/30		2,250,000		2,262,390
Volkswagen Auto Lease Trust, Ser 2025-B, Cl A4
4.000%, 05/20/30		1,770,000		1,770,045
Volkswagen Auto Loan Enhanced Trust, Ser 2024-1, Cl A3
4.630%, 07/20/29		710,000		714,770

ASSET-BACKED SECURITIES — continued

	Face Amount		Value
Volkswagen Auto Loan Enhanced Trust, Ser 2025-1, Cl A3
4.500%, 08/20/29	$	1,338,000	$	1,344,269
Volkswagen Auto Loan Enhanced Trust, Ser 2025-2, Cl A4
4.050%, 09/20/32		890,000		881,205
Wheels Fleet Lease Funding 1, Ser 2023-1A, Cl A
5.800%, 04/18/38 (A)		299,049		300,259
Wheels Fleet Lease Funding 1, Ser 2023-2A, Cl A
6.460%, 08/18/38 (A)		363,748		366,461
Wheels Fleet Lease Funding 1, Ser 2025-2A, Cl A1
4.410%, 05/18/40 (A)		1,350,000		1,353,078
Wheels Fleet Lease Funding, Ser 2026-1A, Cl A3
4.390%, 04/18/39 (A)		380,000		379,094
World Omni Auto Receivables Trust, Ser 2025-B, Cl A4
4.530%, 08/15/31		730,000		733,014
World Omni Auto Receivables Trust, Ser 2026-A, Cl A3
3.860%, 05/15/31		700,000		694,995
				65,173,570
Other Asset-Backed Securities — 8.6%
AGL CLO 33, Ser 2024-33A, Cl A1
5.022%, TSFR3M + 1.350%, 07/21/37 (A)(B)		2,150,000		2,151,623
AGL CLO 7, Ser 2025-7A, Cl BR2
5.273%, TSFR3M + 1.600%, 10/15/38 (A)(B)		3,260,000		3,258,292
Amur Equipment Finance Receivables XI, Ser 2022-2A, Cl A2
5.300%, 06/21/28 (A)		7,916		7,921
Amur Equipment Finance Receivables XIII, Ser 2024-1A, Cl A2
5.380%, 01/21/31 (A)		123,248		124,166
Amur Equipment Finance Receivables XIII, Ser 2024-1A, Cl B
5.370%, 01/21/31 (A)		190,000		192,561
Amur Equipment Finance Receivables XV, Ser 2025-1A, Cl A2
4.700%, 09/22/31 (A)		885,955		891,163
Auxilior Term Funding, Ser 2023-1A, Cl A2
6.180%, 12/15/28 (A)		23,192		23,225

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

CATHOLIC RESPONSIBLE INVESTMENTS SHORT DURATION BOND FUND

April 30, 2026 (Unaudited)

ASSET-BACKED SECURITIES — continued

	Face Amount		Value
Bain Capital Credit CLO, Ser 2026-2A, Cl AR3
4.655%, TSFR3M + 0.980%, 07/19/34 (A)(B)	$	2,205,000	$	2,201,616
Barings Equipment Finance, Ser 2026-A, Cl A4
4.240%, 11/13/45 (A)		460,000		455,080
Beechwood Park CLO, Ser 2025-1A, Cl B2RR
5.130%, TSFR3M + 1.450%, 01/17/35 (A)(B)		1,000,000		999,886
Benefit Street Partners CLO 44, Ser 2025-44A, Cl A1
4.893%, TSFR3M + 1.220%, 01/15/39 (A)(B)		2,250,000		2,250,556
Blue Owl Asset Leasing Trust, Ser 2024-1A, Cl A2
5.050%, 03/15/29 (A)		86,813		87,081
CCG Receivables Trust, Ser 2023-1, Cl A2
5.820%, 09/16/30 (A)		48,743		48,835
Centersquare Issuer, Ser 2025-1A, Cl A2
5.500%, 03/26/55 (A)		1,050,000		1,015,646
CIFC Funding, Ser 2024-5A, Cl AR
5.090%, TSFR3M + 1.410%, 07/17/37 (A)(B)		1,275,000		1,275,987
CNH Equipment Trust, Ser 2023-A, Cl A3
4.810%, 08/15/28		390,789		392,227
CNH Equipment Trust, Ser 2026-A, Cl A3
4.000%, 05/15/31		295,000		292,930
CNH Equipment Trust, Ser 2026-A, Cl A4
4.140%, 07/15/33		440,000		435,946
Dell Equipment Finance Trust, Ser 2023-3, Cl A3
5.930%, 04/23/29 (A)		104,232		104,344
Dext ABS, Ser 2023-2, Cl A2
6.560%, 05/15/34 (A)		44,435		44,504
DLLAA, Ser 2023-1A, Cl A3
5.640%, 02/22/28 (A)		261,260		263,373
DLLAD, Ser 2023-1A, Cl A3
4.790%, 01/20/28 (A)		259,658		260,408
DLLMT, Ser 2023-1A, Cl A3
5.340%, 03/22/27 (A)		263,232		263,790
DLLST, Ser 2024-1A, Cl A3
5.050%, 08/20/27 (A)		111,114		111,428
GreatAmerica Leasing Receivables, Ser 2024-1, Cl A3
4.980%, 01/18/28 (A)		489,155		491,568

ASSET-BACKED SECURITIES — continued

	Face Amount		Value
John Deere Owner Trust, Ser 2023-A, Cl A3
5.010%, 11/15/27	$	193,132	$	193,582
John Deere Owner Trust, Ser 2025-B, Cl A3
4.170%, 12/17/29		1,660,000		1,659,395
Kubota Credit Owner Trust, Ser 2024-2A, Cl A3
5.260%, 11/15/28 (A)		1,950,000		1,969,839
Kubota Credit Owner Trust, Ser 2026-1A, Cl A4
3.980%, 01/15/32 (A)		725,000		713,735
Madison Park Funding XLVI, Ser 2025-46A, Cl B1RR
5.173%, TSFR3M + 1.500%, 10/15/34 (A)(B)		2,175,000		2,174,691
Mosaic Solar Loan Trust, Ser 2020-1A, Cl B
3.100%, 04/20/46 (A)		104,943		89,922
Neuberger Berman Loan Advisers CLO 38, Ser 2025-38A, Cl AR2
4.635%, TSFR3M + 0.960%, 10/20/36 (A)(B)		2,000,000		1,996,412
NYCTL Trust, Ser 2025-A, Cl A
4.840%, 11/10/38 (A)		1,105,954		1,099,059
OHA Credit Funding 16-R, Ser 2025-16RA, Cl B
5.225%, TSFR3M + 1.550%, 10/20/38 (A)(B)		2,175,000		2,175,239
OHA Credit Funding 23, Ser 2025-23A, Cl A1
4.900%, TSFR3M + 1.190%, 01/20/39 (A)(B)		1,700,000		1,697,329
PFS Financing, Ser 2024-B, Cl A
4.950%, 02/15/29 (A)		2,050,000		2,063,004
Progress Residential Trust, Ser 2024-SFR3, Cl A
3.000%, 06/17/41 (A)		950,096		898,749
Progress Residential Trust, Ser 2025-SFR1, Cl A
3.400%, 02/17/42 (A)		776,052		736,827
Rad Clo 25, Ser 2024-25A, Cl A1
5.135%, TSFR3M + 1.460%, 07/20/37 (A)(B)		2,200,000		2,203,533
SCF Equipment Leasing, Ser 2025-1A, Cl A2
4.820%, 07/22/30 (A)		51,057		51,163
SCF Equipment Leasing, Ser 2025-2A, Cl A3
4.330%, 06/20/36 (A)		910,000		904,025

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

CATHOLIC RESPONSIBLE INVESTMENTS SHORT DURATION BOND FUND

April 30, 2026 (Unaudited)

ASSET-BACKED SECURITIES — continued

	Face Amount		Value
Sunnova Helios XI Issuer, Ser 2023-A, Cl A
5.300%, 05/20/50 (A)	$	848,335	$	797,690
Sunnova Helios XII Issuer, Ser 2023-B, Cl A
5.300%, 08/22/50 (A)		827,261		755,068
Sunnova Hestia I Issuer, Ser 2023-GRID1, Cl 1A
5.750%, 12/20/50 (A)		1,367,766		1,331,308
Switch ABS Issuer, Ser 2025-1A, Cl A2
5.036%, 03/25/55 (A)		1,000,000		969,888
Switch ABS Issuer, Ser 2025-2A, Cl A21
5.121%, 10/25/55 (A)		1,090,000		1,074,415
Tesla Sustainable Energy Trust, Ser 2024-1A, Cl A2
5.080%, 06/21/50 (A)		1,047,511		1,049,381
T-Mobile US Trust, Ser 2024-2A, Cl A
4.250%, 05/21/29 (A)		1,900,000		1,900,836
Trinity Rail Leasing, Ser 2026-1A, Cl A
5.350%, 04/19/56 (A)		1,200,000		1,197,039
Vivint Solar Financing V, Ser 2018-1A, Cl A
4.730%, 04/30/48 (A)		389,071		381,222
Vivint Solar Financing V, Ser 2018-1A, Cl B
7.370%, 04/30/48 (A)		81,943		80,567
Vivint Solar Financing VII, Ser 2020-1A, Cl B
3.220%, 07/31/51 (A)		812,138		721,105
Volvo Financial Equipment Series, Ser 2025-2A, Cl A4
4.060%, 06/15/33 (A)		748,000		740,739
				49,269,918
Total Asset-Backed Securities
(Cost $114,500,978)				114,443,488

MORTGAGE-BACKED SECURITIES — 11.5%

Agency Mortgage-Backed Obligations — 4.3%
FHLMC
5.000%, 07/01/35	$	72,016	$	72,739
4.500%, 12/01/40		2,245,317		2,233,158
FHLMC Multifamily ML Certificates, Ser 2023-ML18, Cl XCA, IO
1.505%, 09/25/37 (B)		16,685,505		1,735,616
FHLMC, Ser 2003-2690, Cl TZ
4.500%, 10/15/33		718,035		718,867

MORTGAGE-BACKED SECURITIES — continued

	Face Amount		Value
FHLMC, Ser 2017-4750, Cl PA
3.000%, 07/15/46	$	346,642	$	336,048
FHLMC, Ser 2022-5243, Cl A
5.000%, 12/25/48		1,771,348		1,788,238
FHLMC, Ser 2023-5290, Cl DE
5.000%, 11/25/44		1,739,522		1,760,031
FNMA
5.000%, 03/01/34		55,070		55,346
4.500%, 12/01/40		2,024,913		2,011,360
3.500%, 11/01/34		90,928		90,527
FNMA, Ser 2009-62, Cl WA
5.590%, 08/25/39 (B)		9,571		9,635
FNMA, Ser 2011-17, Cl ZM
3.500%, 03/25/31		827,071		812,913
FNMA, Ser 2013-104, Cl TY
3.000%, 10/25/33		1,717,202		1,651,306
FNMA, Ser 2013-43, Cl MB
3.500%, 05/25/33		671,298		653,417
FNMA, Ser 2017-12, Cl KE
3.000%, 03/25/47		331,646		317,812
FNMA, Ser 2017-19, Cl EA
3.000%, 03/25/47		785,023		754,182
FNMA, Ser 2017-87, Cl P
3.000%, 02/25/46		731,271		711,114
FNMA, Ser 2019-18, Cl A
3.500%, 05/25/49		368,112		353,956
FNMA, Ser 2022-29, Cl MG
4.500%, 11/25/42		883,952		883,562
FNMA, Ser 2022-72, Cl CB
5.250%, 07/25/39		2,496,919		2,502,459
FNMA, Ser 2022-76, Cl HC
5.000%, 12/25/43		1,572,544		1,587,792
FNMA, Ser 2024-58, Cl BA
5.000%, 09/25/53		1,565,311		1,578,520
GNMA, Ser 2017-99, Cl WA
4.946%, 12/20/32 (B)		81,224		81,109
GNMA, Ser 2022-177, Cl LA
3.500%, 01/20/52		70,789		70,165
GNMA, Ser 2023-146, Cl CT
5.000%, 10/20/34		660,461		660,821
GNMA, Ser 2023-49, Cl A
4.500%, 07/20/48		1,086,289		1,077,043
				24,507,736
Non-Agency Mortgage-Backed Obligations — 7.2%
A&D Mortgage Trust, Ser 2025-NQM5, Cl A1
5.120%, 12/25/70 (A)(C)		2,182,459		2,175,235
A&D Mortgage Trust, Ser 2026-NQM1, Cl A1
4.912%, 02/25/71 (A)(B)		480,810		477,148

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

CATHOLIC RESPONSIBLE INVESTMENTS SHORT DURATION BOND FUND

April 30, 2026 (Unaudited)

MORTGAGE-BACKED SECURITIES — continued

	Face Amount		Value
Angel Oak Mortgage Trust, Ser 2024-5, Cl A1
4.950%, 07/25/68 (A)(C)	$	769,006	$	766,181
Angel Oak Mortgage Trust, Ser 2024-8, Cl A1
5.338%, 05/27/69 (A)(C)		289,148		289,683
Angel Oak Mortgage Trust, Ser 2024-9, Cl A1
5.138%, 09/25/69 (A)(C)		1,030,876		1,030,625
BANK, Ser 2018-BN10, Cl ASB
3.641%, 02/15/61		131,747		131,054
BANK5 2026-5YR20, Ser 5YR20, Cl A1
4.300%, 02/15/59		791,241		782,648
BANK5 2026-5YR20, Ser 5YR20, Cl A3
5.104%, 02/15/59		1,250,000		1,269,329
BBCMS Mortgage Trust, Ser 2024-C28, Cl A1
4.910%, 09/15/57		577,105		579,718
BBCMS Mortgage Trust, Ser 2024-C30, Cl A1
4.902%, 11/15/57		924,200		928,535
BBCMS Mortgage Trust, Ser 2025-C32, Cl A1
4.968%, 02/15/62		267,814		268,585
BBCMS Trust, Ser 2015-SRCH, Cl A2
4.197%, 08/10/35 (A)		1,500,000		1,457,512
Benchmark Mortgage Trust, Ser V20, Cl A3
5.184%, 02/15/59		1,200,000		1,221,540
BRAVO Residential Funding Trust, Ser 2024-NQM5, Cl A1
5.803%, 06/25/64 (A)(C)		1,154,696		1,161,785
BX Commercial Mortgage Trust, Ser 2022-AHP, Cl A
4.645%, TSFR1M + 0.990%, 01/17/39 (A)(B)		484,087		483,935
BX Commercial Mortgage Trust, Ser 2022-AHP, Cl AS
5.145%, TSFR1M + 1.490%, 01/17/39 (A)(B)		2,459,790		2,459,021
BX Commercial Mortgage Trust, Ser 2022-AHP, Cl B
5.495%, TSFR1M + 1.840%, 01/17/39 (A)(B)		1,721,853		1,721,315
BX Trust, Ser 2022-CLS, Cl B
6.300%, 10/13/27 (A)		2,200,000		2,193,626
CHI Commercial Mortgage Trust, Ser SFT, Cl A
5.665%, 04/15/42 (A)(B)		250,000		253,533

MORTGAGE-BACKED SECURITIES — continued

	Face Amount		Value
CHI Commercial Mortgage Trust, Ser SFT, Cl XA, IO
0.310%, 04/15/42 (A)(B)	$	975,000	$	7,963
COLT Mortgage Loan Trust, Ser 2026-1, Cl A1
4.758%, 02/25/71 (A)(B)		755,297		749,958
COLT Mortgage Loan Trust, Ser 2026-3, Cl A1
5.119%, 05/25/71 (A)(B)		150,000		150,105
COLT, Ser 2025-1, Cl A1
5.699%, 01/25/70 (A)(C)		523,171		526,706
Deephaven Residential Mortgage Trust, Ser 2026-INV1, Cl A1
4.797%, 12/25/70 (A)(B)		317,055		315,143
EFMT, Ser 2025-NQM5, Cl A1
5.033%, 11/25/70 (A)(B)		1,826,850		1,822,026
FREMF Mortgage Trust, Ser 2019-K89, Cl B
4.437%, 01/25/51 (A)(B)		1,400,000		1,383,677
FREMF Mortgage Trust, Ser 2019-K94, Cl B
4.100%, 07/25/52 (A)(B)		1,262,000		1,228,599
GCAT Trust, Ser 2024-NQM2, Cl A1
6.085%, 06/25/59 (A)(C)		606,546		610,957
GCAT Trust, Ser 2025-NQM5, Cl A1
4.981%, 08/25/70 (A)(B)		899,543		895,986
GSR Mortgage Loan Trust, Ser 2004-9, Cl 3A1
4.918%, 08/25/34 (B)		7,084		6,817
HOMES Trust, Ser 2025-NQM4, Cl A1
5.220%, 08/25/70 (A)(B)		2,136,421		2,137,019
Hudson Yards Mortgage Trust, Ser 2016-10HY, Cl A
2.835%, 08/10/38 (A)		1,000,000		994,341
MAC Trust, Ser 2025-801B, Cl A
5.355%, TSFR1M + 1.700%, 10/15/40 (A)(B)		250,000		249,735
MFA Trust, Ser 2025-NQM5, Cl A1
5.186%, 11/25/70 (A)(B)		2,085,131		2,085,910
Morgan Stanley Residential Mortgage Loan Trust, Ser 2024-3, Cl A1
6.000%, 07/25/54 (A)(B)		148,554		148,480
Morgan Stanley Residential Mortgage Loan Trust, Ser 2025-NQM1, Cl A1
5.738%, 11/25/69 (A)(B)		771,235		778,399

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

CATHOLIC RESPONSIBLE INVESTMENTS SHORT DURATION BOND FUND

April 30, 2026 (Unaudited)

MORTGAGE-BACKED SECURITIES — continued

	Face Amount		Value
New Residential Mortgage Loan Trust, Ser 2026-NQM1, Cl A1
4.824%, 11/25/65 (A)(B)	$	319,287	$	316,907
New Residential Mortgage Loan Trust, Ser 2026-NQM2, Cl A1
4.743%, 12/25/65 (A)(B)		561,262		556,132
New Residential Mortgage Loan Trust, Ser 2026-NQM4, Cl A1
5.003%, 02/25/66 (A)(B)		701,169		698,755
OBX Trust, Ser 2024-NQM13, Cl A1
5.116%, 06/25/64 (A)		187,858		188,053
OBX Trust, Ser 2024-NQM15, Cl A1
5.316%, 10/25/64 (A)(C)		348,425		349,164
OBX Trust, Ser 2024-NQM7, Cl A1
6.243%, 03/25/64 (A)(C)		400,537		403,847
Sequoia Mortgage Trust, Ser 2013-2, Cl A
1.874%, 02/25/43 (B)		64,257		55,870
SHOPS Commercial Mortgage Trust, Ser CSTL, Cl A
4.971%, 05/15/39 (A)(B)		500,000		500,000
SLG Office Trust, Ser OMA, Cl C
5.452%, 04/15/41 (A)(B)		250,000		251,017
STWD Mortgage Trust, Ser 2021-LIH, Cl D
6.074%, TSFR1M + 2.419%, 11/15/36 (A)(B)		450,000		449,438
Verus Securitization Trust, Ser 2024-4, Cl A1
6.218%, 06/25/69 (A)(C)		574,673		580,593
Verus Securitization Trust, Ser 2026-R2, Cl A1
5.389%, 10/25/67 (A)(B)		640,402		641,513
Wells Fargo Commercial Mortgage Trust, Ser 2024-C63, Cl A1
4.894%, 08/15/57		664,023		666,776
Wells Fargo Commercial Mortgage Trust, Ser 609M, Cl A
5.197%, TSFR1M + 1.542%, 08/15/42 (A)(B)		2,250,000		2,250,000
				41,650,894
Total Mortgage-Backed Securities
(Cost $64,964,696)				66,158,630

MUNICIPAL BONDS — 5.4%

	Face Amount		Value
California — 1.1%
California Community Choice Financing Authority, RB
6.125%, 04/01/30	$	1,420,000	$	1,470,986
5.950%, 08/01/29		825,000		840,388
California Health Facilities Financing Authority, RB
3.690%, 06/01/31		250,000		242,123
California State Public Works Board, Ser D, RB
3.770%, 11/01/26		135,000		134,889
City & County of San Francisco California, GO
3.700%, 06/15/26		1,500,000		1,499,669
City of Oakland California, GO
4.005%, 07/15/27		250,000		250,073
San Francisco City & County Public Utilities Commission Wastewater Revenue, RB
4.655%, 10/01/27		1,400,000		1,411,830
				5,849,958
Colorado — 0.2%
Broomfield Urban Renewal Authority, TA
4.700%, 12/01/28		800,000		811,075
Denver City & County Housing Authority, RB
4.125%, 06/01/28		500,000		500,437
				1,311,512
Hawaii — 0.1%
State of Hawaii Department of Business Economic Development & Tourism, Ser A-2, RB
3.242%, 01/01/31		562,108		554,088

Illinois — 0.2%
Village of Deerfield Illinois, Ser B, GO
4.000%, 12/01/28		1,250,000		1,245,852

Indiana — 0.3%
City of Fort Wayne Indiana, RB
10.750%, 12/01/29 (E)		117,179		12
Indiana Housing & Community Development Authority, Ser C-2, RB
6.250%, 01/01/54		1,500,000		1,568,455
				1,568,467
Iowa — 0.2%
Iowa Finance Authority, RB
7.000%, 11/01/27 (A)		250,000		251,766
6.250%, 07/01/54		700,000		732,170
				983,936

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

CATHOLIC RESPONSIBLE INVESTMENTS SHORT DURATION BOND FUND

April 30, 2026 (Unaudited)

MUNICIPAL BONDS — continued

	Face Amount		Value
Louisiana — 0.1%
Louisiana Local Government Environmental Facilities & Community Development Authority, RB
3.615%, 02/01/29	$	255,187	$	254,600
Maryland — 0.5%
Maryland Department of Housing & Community Development, RB
6.250%, 09/01/56		1,285,000		1,362,155
Maryland Department of Housing & Community Development, Ser D, RB
6.000%, 03/01/55		1,300,000		1,359,310
Montgomery County Housing Opportunities Commission, RB
4.412%, 12/01/27		350,000		352,540
				3,074,005
Nebraska — 0.0%
City of North Platte Nebraska Combined Utilities Revenue, Ser B, RB
3.956%, 12/15/29		250,000		247,383
New Hampshire — 0.6%
New Hampshire Business Finance Authority, RB
3.970%, 02/01/29 (A)(B)		2,500,000		2,500,000
3.840%, 07/01/33 (A)(B)		850,000		850,000
New Hampshire Housing Finance Authority, Ser D, RB
6.250%, 01/01/57		715,000		759,648
				4,109,648
New Jersey — 0.5%
Jersey City Municipal Utilities Authority, Ser B, RB
4.800%, 05/01/26		450,000		450,000
Jersey City Redevelopment Agency, RB
4.500%, 12/09/26		750,000		750,640
New Jersey Economic Development Authority, RB
4.984%, 03/01/27		1,000,000		1,006,232
New Jersey Transportation Trust Fund Authority, Ser BB, RB
4.608%, 06/15/26		510,000		510,341
				2,717,213
New York — 0.2%
New York State Energy Research & Development Authority, Ser A, RB
6.222%, 04/01/40		475,000		483,501

MUNICIPAL BONDS — continued

	Face Amount		Value
5.822%, 04/01/27	$	665,000	$	666,475
				1,149,976
Oklahoma — 0.1%
Oklahoma Development Finance Authority, Ser C, RB
5.450%, 08/15/28		600,000		608,222
Oregon — 0.3%
Warm Springs Reservation Confederated Tribe, Ser S, RB
2.370%, 11/01/27 (A)		1,000,000		968,386
2.165%, 11/01/26 (A)		500,000		494,366
				1,462,752
Pennsylvania — 0.4%
Philadelphia Authority for Industrial Development, Ser A, RB
6.350%, 04/15/28		1,890,000		1,948,763
Redevelopment Authority of the City of Philadelphia, RB
4.132%, 11/01/30		550,000		546,915
				2,495,678
South Dakota — 0.3%
South Dakota Housing Development Authority, Ser H, RB
6.009%, 05/01/54		1,480,000		1,535,394
South Dakota Housing Development Authority, Ser E, RB
5.460%, 05/01/53		185,000		187,783
				1,723,177
Texas — 0.1%
Hidalgo County Drain District No. 1, GO
3.939%, 09/01/26		500,000		499,825

West Virginia — 0.2%
Tobacco Settlement Finance Authority, RB
2.351%, 06/01/28		1,000,000		957,006

Total Municipal Bonds
(Cost $30,833,698)				30,813,298

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

CATHOLIC RESPONSIBLE INVESTMENTS SHORT DURATION BOND FUND

April 30, 2026 (Unaudited)

REPURCHASE AGREEMENTS — 1.8%

	Face Amount		Value
Barclays Capital 3.640%, dated 04/30/26, to be repurchased on 05/01/26, repurchase price $5,100,516 (collateralized by a U.S. Treasury Obligation, par value $5,133,200, 3.750%%, 05/15/2028; with total market value $5,202,016). "	$	5,100,000	$	5,100,000
Socgen Triparty Treasury 3.640%, dated 04/30/26, to be repurchased on 05/01/26, repurchase price $5,100,516 (collateralized by a U.S. Treasury Obligation, par value $10,954,600, 1.250%, 05/15/2050; with total market value $5,202,033). "		5,100,000		5,100,000

Total Repurchase Agreements
(Cost $10,200,000)				10,200,000

SOVEREIGN DEBT — 1.0%

CANADA — 0.2%
CDP Financial MTN
1.000%, 05/26/26(A)	$	1,000,000	$	998,021

IRELAND — 0.4%
BB Blue Financing DAC
4.395%, 09/20/29		2,395,833		2,328,187

JAPAN — 0.1%
Japan Bank for International Cooperation
1.625%, 01/20/27		500,000		491,877
Japan International Cooperation Agency
4.250%, 05/22/30		230,000		230,325

				722,202
NETHERLANDS — 0.1%
Nederlandse Waterschapsbank
4.500%, 01/16/30(A)		250,000		253,716

SOVEREIGN DEBT — continued

	Face Amount		Value
SOUTH KOREA — 0.0%
Korea Electric Power
4.875%, 01/31/27(A)	$	250,000	$	251,138

SWEDEN — 0.2%
Kommuninvest I Sverige
4.625%, 09/29/28(A)		1,000,000		1,015,087

Total Sovereign Debt
(Cost $5,596,781)				5,568,351

BANK LOAN OBLIGATION — 0.2%

ECOLOGICAL SERVICES & EQUIPMENT — 0.2%
Terraform Power Operating Specified Refinancing Term Loan
5.700%, TSFR1M + 2.500%, 05/21/29(B)	$	1,487,123	$	1,474,572

Total Bank Loan Obligation
(Cost $1,487,123)				1,474,572

U.S. GOVERNMENT AGENCY OBLIGATIONS — 0.1%

Export-Import Bank of the United States
2.628%, 11/12/26	$	416,873	$	414,788
United States International Development Finance
1.790%, 10/15/29		217,705		207,461

Total U.S. Government Agency Obligations
(Cost $628,433)				622,249
Total Investments in Securities— 99.4%
(Cost $570,470,712)			$	571,610,067

Percentages are based on Net Assets of $574,796,238.

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

CATHOLIC RESPONSIBLE INVESTMENTS SHORT DURATION BOND FUND

April 30, 2026 (Unaudited)

A list of the open futures contracts held by the Fund at April 30, 2026, is as follows:

Type of Contract	Number of Contracts		Expiration Date	Notional Amount			Value			Unrealized Appreciation/ (Depreciation)
Long Contracts
U.S. 2-Year Treasury Notes		478	Jun-2026	$	99,800,959		$	99,005,750		$	(795,209	)

Short Contracts
U.S. 5-Year Treasury Notes		(295)	Jun-2026		(32,234,873	)		(31,811,602	)		423,271
				$	67,566,086		$	67,194,148		$	(371,938	)

‡	Real Estate Investment Trust.
(A)	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, 2026 was $188,101,635 and represented 32.7% of Net Assets.
(B)	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.
(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)	Zero coupon security.
(E)	Security in default and no interest is being accrued.

ABS — Asset-Backed Security

Cl — Class

CLO — Collateralized Loan Obligation

DAC — Designated Activity Company

FHLMC — Federal Home Loan Mortgage Corporation

FNMA — Federal National Mortgage Association

FREMF— Freddie Mac Multi-Family

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

LP — Limited Partnership

MTN — Medium Term Note

PJSC — Public Joint-Stock Company

RB — Revenue Bond

Ser — Series

SOFRINDX — Secured Overnight Financing Rate Index

TA — Tax Allocation

TSFR1M — Term Secured Overnight Financing Rate 1 Month

TSFR3M — Term Secured Overnight Financing Rate 3 Month

SOFR — Secured Overnight Financing Rate

The following is a summary of the inputs used as of April 30, 2026, in valuing the Fund’s investments carried at market value:

Investments in Securities	Level 1		Level 2		Level 3		Total
Corporate Obligations	$	—	$	225,534,002	$	—	$	225,534,002
U.S. Treasury Obligations		—		116,795,477		—		116,795,477
Asset-Backed Securities		—		114,443,488		—		114,443,488
Mortgage- Backed Securities		—		66,158,630		—		66,158,630
Municipal Bonds		—		30,813,298		—		30,813,298
Repurchase Agreements		—		10,200,000		—		10,200,000
Sovereign Debt		—		5,568,351		—		5,568,351
Bank Loan Obligation		1,474,572		—		—		1,474,572
U.S.		—		622,249		—		622,249
Total Investments in Securities	$	1,474,572	$	570,135,495	$	—	$	571,610,067

Other Financial Instruments	Level 1			Level 2		Level 3		Total
Futures Contracts*
Unrealized Appreciation	$	423,271		$	–	$	–	$	423,271
Unrealized Depreciation		(795,209	)		–		–		(795,209	)
Total Other Financial Instruments	$	(371,938	)	$	–	$	–	$	(371,938	)

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 BOND FUND

APRIL 30, 2026 (Unaudited)

SCHEDULE OF INVESTMENTS

CORPORATE OBLIGATIONS — 28.0%

	Face Amount		Value
COMMUNICATION SERVICES — 2.0%
Alphabet
5.650%, 02/15/56	$	2,330,000	$	2,285,327
5.350%, 11/15/45		2,900,000		2,813,529
1.100%, 08/15/30		5,000,000		4,395,941
AT&T
6.200%, 10/30/56		1,651,000		1,635,860
4.350%, 06/15/45		3,065,000		2,460,829
3.550%, 09/15/55		1,238,000		797,256
2.550%, 12/01/33		150,000		126,818
CCO Holdings
4.500%, 05/01/32(A)		975,000		856,117
Charter Communications Operating
6.100%, 06/01/29		1,630,000		1,683,531
5.125%, 07/01/49		1,230,000		940,008
4.200%, 03/15/28		630,000		623,455
Comcast
4.650%, 02/15/33		2,500,000		2,470,334
Cox Communications
5.950%, 09/01/54(B)		1,390,000		1,197,304
1.800%, 10/01/30(B)		650,000		566,534
HUT 8 DC
6.192%, 11/15/42(B)		437,000		441,073
Meta Platforms
6.300%, 05/15/56		2,660,000		2,656,356
5.625%, 11/15/55		745,000		684,849
4.450%, 08/15/52		3,050,000		2,369,066
Omnicom Group
5.000%, 06/02/33		630,000		618,074
Prosus
4.850%, 07/06/27(B)		500,000		500,722
3.680%, 01/21/30(B)		200,000		192,226
QTS Fayetteville I Dc1-2
5.700%, 04/15/36(B)		4,560,000		4,435,173
Rogers Communications
3.800%, 03/15/32		1,705,000		1,593,159
Telecom Italia Capital
7.200%, 07/18/36		175,000		190,913
Time Warner Cable
6.750%, 06/15/39		800,000		793,567
Verizon Communications
5.875%, 11/30/55		1,210,000		1,169,368
4.400%, 11/01/34		3,130,000		2,977,260
3.875%, 03/01/52		3,500,000		2,554,543
3.550%, 03/22/51		895,000		623,551
2.850%, 09/03/41		2,500,000		1,759,327
2.650%, 11/20/40		2,390,000		1,675,458
1.500%, 09/18/30		2,500,000		2,202,072
				50,289,600

CORPORATE OBLIGATIONS — continued

	Face Amount		Value
CONSUMER DISCRETIONARY — 0.9%
Alimentation Couche-Tard
3.625%, 05/13/51(B)	$	5,000,000	$	3,492,221
Amazon.com
5.800%, 03/13/56		1,687,000		1,663,122
5.650%, 03/13/46		1,620,000		1,597,642
AutoNation
4.450%, 01/15/29		637,000		631,955
Block Financial
5.375%, 09/15/32		820,000		800,259
Carnival
5.750%, 03/15/30(B)		1,571,000		1,593,382
eBay
4.250%, 03/06/29		725,000		721,821
Ford Motor Credit
7.350%, 11/04/27		525,000		541,042
5.303%, 09/06/29		1,130,000		1,126,737
General Motors
6.250%, 04/15/35		1,070,000		1,121,176
5.625%, 04/15/30		597,000		614,648
General Motors Financial
4.750%, 04/06/29		1,075,000		1,077,239
Genuine Parts
4.950%, 08/15/29		830,000		828,915
Hasbro
4.650%, 03/12/31		435,000		431,515
Nissan Motor Acceptance MTN
5.625%, 09/29/28(B)		917,000		911,575
5.550%, 09/13/29(B)		665,000		651,048
Polaris
5.600%, 03/01/31		420,000		418,993
PVH
5.500%, 06/13/30		902,000		914,997
Starbucks
4.450%, 08/15/49		2,500,000		2,039,544
Stellantis Financial Services US
4.950%, 09/15/28(B)		1,260,000		1,255,493
Trustees of Dartmouth College
4.273%, 06/01/30		1,000,000		997,856
				23,431,180
CONSUMER STAPLES — 0.6%
Albertsons
5.750%, 03/31/34(B)		956,000		930,602
Anheuser-Busch InBev Worldwide
5.450%, 01/23/39		2,020,000		2,055,478
Campbell's
4.550%, 03/21/31		986,000		957,220
Coca-Cola
1.450%, 06/01/27		25,000		24,342

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

CATHOLIC RESPONSIBLE INVESTMENTS BOND FUND

APRIL 30, 2026 (Unaudited)

CORPORATE OBLIGATIONS — continued

	Face Amount		Value
CONSUMER STAPLES — continued
JBS
6.250%, 03/01/56	$	924,000	$	893,549
Mather Foundation
2.675%, 10/01/31		2,500,000		2,250,951
McCormick
4.150%, 02/15/29		395,000		391,248
PepsiCo
3.900%, 07/18/32		3,000,000		2,913,278
2.875%, 10/15/49		5,000,000		3,223,318
RELX Capital
3.000%, 05/22/30		50,000		47,188
Sysco
2.400%, 02/15/30		2,500,000		2,303,031
				15,990,205
ENERGY — 1.2%
APA
6.750%, 02/15/55		860,000		878,905
BP Capital Markets America
3.060%, 06/17/41		2,250,000		1,696,321
Cameron LNG
3.701%, 01/15/39(B)		1,995,000		1,690,539
Chevron USA
4.687%, 04/15/30		870,000		880,412
CVR Energy
7.500%, 02/15/31(B)		650,000		658,269
Energy Transfer
6.500%, 02/01/42		835,000		871,730
Helmerich & Payne
5.500%, 12/01/34		620,000		612,382
Hess Midstream Operations
5.875%, 03/01/28(B)		1,690,000		1,706,670
Kinder Morgan Energy Partners
5.500%, 03/01/44		370,000		350,939
Kinetik Holdings
6.625%, 12/15/28(B)		610,000		622,216
Kodiak Gas Services
5.875%, 04/01/31(B)		755,000		760,482
MPLX
5.500%, 02/15/49		2,350,000		2,131,945
ONEOK
6.250%, 10/15/55		615,000		605,360
5.400%, 10/15/35		2,630,000		2,627,712
Patterson-UTI Energy
7.150%, 10/01/33		1,525,000		1,652,535
Puget Energy
7.250%, H15T5Y + 2.848%, 09/15/56(B)(C)		1,545,000		1,554,520
SM Energy
6.625%, 04/15/34(B)		880,000		892,145

CORPORATE OBLIGATIONS — continued

	Face Amount		Value
ENERGY — continued
Sweihan PV Power PJSC
3.625%, 01/31/49(B)	$	2,235,325	$	1,827,754
Targa Resources
6.125%, 05/15/55		664,000		652,665
6.050%, 05/15/56		302,000		293,226
Topaz Solar Farms
5.750%, 09/30/39(B)		5,416,854		5,405,912
TransCanada PipeLines
4.625%, 03/01/34		1,345,000		1,302,593
Williams
5.950%, 03/15/56		726,000		713,228
				30,388,460
FINANCIALS — 15.7%
African Development Bank
5.750%, H15T5Y + 1.575%(C)(D)		5,000,000		4,887,018
4.125%, 02/25/27		2,500,000		2,503,702
3.500%, 09/18/29		1,000,000		984,640
Ally Financial
5.548%, SOFR + 1.780%, 07/31/33(C)		1,272,000		1,264,151
American Express
4.456%, SOFR + 0.867%, 02/10/32(C)		1,795,000		1,776,367
3.550%, H15T5Y + 2.854%(C)(D)		675,000		668,616
American Honda Finance
4.450%, 01/08/31		353,000		347,278
American National Global Funding MTN
5.250%, 06/03/30(B)		575,000		575,566
American National Group
6.000%, 07/15/35		485,000		475,604
Andina de Fomento MTN
4.251%, 02/03/31		2,400,000		2,338,220
Anglo American Capital
5.750%, 04/05/34(B)		1,765,000		1,820,994
3.875%, 03/16/29(B)		420,000		412,506
2.625%, 09/10/30(B)		500,000		458,180
Antares Holdings
6.350%, 10/23/29(B)		720,000		717,545
Apollo Debt Solutions BDC
5.875%, 08/30/30		349,000		345,963
5.700%, 01/23/31(B)		285,000		280,276
Apollo Global Management
5.700%, 03/30/36		1,060,000		1,063,960
5.150%, 08/12/35		410,000		399,103
Arab Energy Fund
5.428%, 05/02/29		2,750,000		2,815,704
Arab Petroleum Investments
5.428%, 05/02/29(B)		1,500,000		1,535,839

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

CATHOLIC RESPONSIBLE INVESTMENTS BOND FUND

APRIL 30, 2026 (Unaudited)

CORPORATE OBLIGATIONS — continued

	Face Amount		Value
FINANCIALS — continued
Ares Capital
7.000%, 01/15/27	$	487,000	$	493,403
5.800%, 03/08/32(A)		1,275,000		1,266,518
2.875%, 06/15/28		1,320,000		1,259,866
Ares Strategic Income Fund
5.700%, 03/15/28		570,000		570,453
Arthur J Gallagher
6.500%, 02/15/34		1,510,000		1,628,437
Asian Infrastructure Investment Bank
4.500%, 01/16/30		1,200,000		1,221,222
4.286%, SOFRINDX + 0.620%, 08/16/27(C)		1,000,000		1,004,514
Athene Global Funding
5.380%, 01/07/30(B)		810,000		813,677
4.830%, 05/09/28(B)		300,000		299,250
Atlas Warehouse Lending
6.250%, 01/15/30(B)		445,000		457,476
4.950%, 11/15/30(B)		625,000		614,533
Avolon Holdings Funding
4.950%, 10/15/32(B)		837,000		815,937
4.950%, 01/15/28(B)		709,000		711,549
4.200%, 04/15/29(B)		451,000		442,822
Bacardi-Martini BV
5.550%, 02/01/30(B)		1,080,000		1,101,373
Bain Capital Specialty Finance
5.950%, 03/01/31		548,000		530,988
5.950%, 03/15/30(A)		350,000		343,085
Banco Bilbao Vizcaya Argentaria
4.968%, 05/08/31		1,400,000		1,400,000
4.150%, 03/03/29		1,200,000		1,185,529
Banco Santander
5.437%, 04/15/36		800,000		795,090
Bank of America
5.518%, SOFR + 1.738%, 10/25/35(C)		2,055,000		2,070,259
4.477%, SOFR + 0.870%, 04/23/30(C)		2,242,000		2,235,527
4.456%, SOFR + 0.870%, 02/06/32(C)		2,238,000		2,207,369
4.330%, TSFR3M + 1.782%, 03/15/50(C)		1,430,000		1,166,273
4.083%, TSFR3M + 3.412%, 03/20/51(C)		1,702,000		1,327,251
2.676%, U.S. SOFR + 1.930%, 06/19/41(C)		2,700,000		1,939,986
Bank of Montreal
5.004%, SOFRINDX + 0.670%, 01/27/29(C)		575,000		579,858
Bank of New York Mellon
4.942%, SOFR + 0.887%, 02/11/31(C)		480,000		486,617

CORPORATE OBLIGATIONS — continued

	Face Amount		Value
FINANCIALS — continued
4.540%, SOFR + 0.895%, 04/23/32(C)	$	768,000	$	765,004
Bank of Nova Scotia
4.338%, SOFR + 1.090%, 09/15/31(C)		1,248,000		1,231,105
Barclays
5.690%, SOFR + 1.740%, 03/12/30(C)		1,240,000		1,272,469
5.674%, SOFR + 1.490%, 03/12/28(C)		3,130,000		3,158,865
5.207%, SOFR + 1.506%, 02/24/37(C)		542,000		526,763
2.894%, H15T1Y + 1.300%, 11/24/32(C)		1,000,000		895,005
Barings BDC
5.200%, 09/15/28		630,000		617,822
BGC Group
6.150%, 04/02/30		305,000		312,356
Blackstone Private Credit Fund
5.950%, 05/15/31		340,000		334,348
2.625%, 12/15/26		2,845,000		2,803,576
Blackstone Reg Finance
4.950%, 02/15/36		750,000		728,889
Blue Owl Capital
2.875%, 06/11/28		2,700,000		2,532,798
Blue Owl Credit Income
7.750%, 01/15/29		2,670,000		2,751,471
6.600%, 09/15/29		555,000		556,678
Blue Owl Technology Finance II
6.750%, 04/04/29(A)		585,000		586,362
BMW US Capital
5.000%, 03/19/33(B)		1,460,000		1,453,518
BNP Paribas
5.283%, SOFR + 1.280%, 11/19/30(B)(C)		675,000		686,696
5.176%, SOFR + 1.520%, 01/09/30(B)(C)		1,465,000		1,486,011
4.375%, 05/12/26(B)		250,000		249,997
1.675%, SOFR + 0.912%, 06/30/27(B)(C)		2,950,000		2,936,144
Bush Foundation
2.754%, 10/01/50		1,000,000		610,750
CaixaBank MTN
4.885%, SOFR + 1.360%, 07/03/31(B)(C)		845,000		846,167
4.818%, SOFR + 1.210%, 04/22/32(B)(C)		883,000		877,587
Canadian Imperial Bank of Commerce
4.857%, SOFR + 1.030%, 03/30/29(C)		1,475,000		1,485,643

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

CATHOLIC RESPONSIBLE INVESTMENTS BOND FUND

APRIL 30, 2026 (Unaudited)

CORPORATE OBLIGATIONS — continued

	Face Amount		Value
FINANCIALS — continued
Cantor Fitzgerald
7.200%, 12/12/28(B)	$	750,000	$	781,654
Capital Impact Partners
5.999%, 08/01/35		2,500,000		2,569,463
Capital One Financial
7.624%, SOFR + 3.070%, 10/30/31(C)		775,000		855,328
6.377%, SOFR + 2.860%, 06/08/34(C)		1,115,000		1,178,659
5.268%, SOFR + 2.370%, 05/10/33(C)		1,320,000		1,323,426
4.927%, SOFR + 2.057%, 05/10/28(C)		675,000		677,946
4.722%, SOFR + 1.150%, 01/30/32(C)		918,000		907,096
Carlyle Secured Lending
5.750%, 02/15/31		510,000		493,977
CGI
4.950%, 03/14/30		1,270,000		1,273,034
Charles Schwab
4.000%, H15T5Y + 3.168%(C)(D)		4,910,000		4,901,960
Citibank
4.876%, SOFR + 0.712%, 11/19/27(C)		4,250,000		4,264,416
Citigroup
8.125%, 07/15/39		785,000		982,391
4.643%, SOFR + 1.143%, 05/07/28(C)		2,085,000		2,088,737
4.450%, 09/29/27		1,920,000		1,920,707
Citizens Bank
4.575%, SOFR + 2.000%, 08/09/28(C)		940,000		941,406
Clearinghouse Community Development Financial Institution
7.000%, 10/15/30(B)		1,000,000		994,795
Clearway Energy Operating
5.750%, 01/15/34(B)		1,000,000		1,000,220
CNH Industrial Capital
4.750%, 03/21/28		505,000		507,542
4.500%, 10/16/30		524,000		517,962
CNO Global Funding MTN
4.375%, 09/08/28(B)		658,000		652,131
Commonwealth Bank of Australia NY
4.423%, 03/14/28		585,000		587,966
Conservation Fund A Nonprofit
3.474%, 12/15/29		2,116,000		2,019,321
Continental Resources
2.875%, 04/01/32(B)		1,350,000		1,189,123

CORPORATE OBLIGATIONS — continued

	Face Amount		Value
FINANCIALS — continued
Corebridge Financial
6.875%, H15T5Y + 3.846%, 12/15/52(C)	$	765,000	$	776,480
6.375%, H15T5Y + 2.646%, 09/15/54(C)		2,045,000		2,033,447
Credit Agricole
4.656%, SOFR + 1.170%, 01/12/32(B)(C)		1,955,000		1,930,343
Credit Agricole Corporate & Investment Bank MTN
4.570%, 08/25/30		1,500,000		1,480,354
Crescent Energy Finance
8.375%, 01/15/34(B)		760,000		803,122
7.625%, 04/01/32(B)		400,000		411,871
Danske Bank MTN
4.999%, H15T1Y + 0.980%, 03/27/32(B)(C)		1,615,000		1,620,193
Deutsche Bank NY
5.297%, SOFR + 1.720%, 05/09/31(C)		1,270,000		1,283,891
5.060%, SOFR + 1.410%, 04/14/32(C)		404,000		403,564
4.950%, SOFR + 1.300%, 08/04/31(C)		665,000		662,833
DNB Bank
4.832%, SOFR + 1.130%, 03/30/32(B)(C)		2,000,000		1,997,034
Element Fleet Management
5.037%, 03/25/30(B)		177,000		178,903
4.641%, 11/24/30(B)		1,135,000		1,126,492
ERAC USA Finance
5.250%, 04/30/36(B)		1,230,000		1,228,491
European Investment Bank
3.750%, 02/14/33		2,500,000		2,432,449
0.875%, 05/17/30		3,500,000		3,095,857
0.625%, 10/21/27		5,000,000		4,767,577
F&G Global Funding
4.650%, 09/08/28(B)		210,000		207,307
4.500%, 01/09/29(B)		1,380,000		1,353,231
Federation des Caisses Desjardins du Quebec
4.565%, 08/26/30(B)		760,000		758,295
Fidelity National Information Services
4.800%, 03/10/31		640,000		636,677
Fifth Third Bank
4.967%, SOFR + 0.810%, 01/28/28(C)		430,000		431,269
Ford Foundation
2.815%, 06/01/70		8,285,000		4,617,501
2.415%, 06/01/50		2,500,000		1,470,574

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

CATHOLIC RESPONSIBLE INVESTMENTS BOND FUND

APRIL 30, 2026 (Unaudited)

CORPORATE OBLIGATIONS — continued

	Face Amount		Value
FINANCIALS — continued
Fortitude Global Funding
4.625%, 10/06/28(B)	$	640,000	$	633,789
Foundry JV Holdco
6.200%, 01/25/37(B)		2,375,000		2,501,280
FS KKR Capital
6.125%, 01/15/30		565,000		547,489
GA Global Funding Trust
5.500%, 04/01/32(B)		608,000		605,470
4.400%, 09/23/27(B)		560,000		556,881
Glencore Funding
6.375%, 10/06/30(B)		390,000		413,420
5.893%, 04/04/54(A)(B)		2,270,000		2,236,255
5.508%, 04/01/36(B)		1,585,000		1,597,181
5.186%, 04/01/30(B)		505,000		513,110
Global Payments
4.875%, 11/15/30		1,567,000		1,540,406
Goldman Sachs Group
5.150%, 05/22/45		2,235,000		2,028,785
5.094%, SOFR + 1.340%, 04/20/34(C)		1,235,000		1,232,067
5.049%, SOFR + 1.210%, 07/23/30(C)		682,000		689,862
4.939%, SOFR + 1.330%, 10/21/36(C)		1,628,000		1,580,080
4.387%, SOFR + 1.510%, 06/15/27(C)		2,500,000		2,499,679
4.148%, SOFR + 0.710%, 01/21/29(C)		2,109,000		2,093,127
4.017%, TSFR3M + 1.635%, 10/31/38(C)		2,310,000		2,020,932
Goldman Sachs Private Credit
6.150%, 06/16/31(B)		432,000		428,392
Golub Capital BDC
7.050%, 12/05/28		82,000		84,343
6.000%, 07/15/29		810,000		812,250
2.500%, 08/24/26		3,530,000		3,498,011
Golub Capital Private Credit Fund
5.450%, 08/15/28(B)		195,000		193,354
HA Sustainable Infrastructure Capital
7.125%, H15T5Y + 3.478%, 11/15/56(C)		875,000		883,337
6.375%, 07/01/34		2,500,000		2,560,767
HAT Holdings I
3.750%, 09/15/30(B)		1,000,000		925,362
Hercules Capital
5.350%, 02/10/29		569,000		561,253
HPS Corporate Lending Fund
5.450%, 01/14/28		857,000		854,531
5.450%, 11/15/30		60,000		58,084

CORPORATE OBLIGATIONS — continued

	Face Amount		Value
FINANCIALS — continued
HSBC Holdings
5.130%, SOFR + 1.040%, 11/19/28(C)	$	505,000	$	509,261
4.675%, SOFR + 1.210%, 03/10/32(C)		1,638,000		1,619,081
Huntington Bancshares
5.272%, SOFR + 1.276%, 01/15/31(C)		285,000		289,680
Hyundai Capital America
6.100%, 09/21/28(B)		1,005,000		1,037,584
5.150%, 03/27/30(B)		985,000		995,663
5.000%, 04/07/31(B)		692,000		693,840
ING Groep
5.420%, SOFRINDX + 1.610%, 03/23/37(C)		1,440,000		1,437,987
Inter-American Development Bank
3.966%, SOFRINDX + 0.300%, 02/15/29(C)		2,500,000		2,501,500
3.937%, SOFRINDX + 0.280%, 04/12/27(C)		1,500,000		1,500,881
3.500%, 04/12/33		2,500,000		2,388,845
1.125%, 01/13/31		2,500,000		2,190,817
Inter-American Investment
4.125%, 02/15/28		2,500,000		2,504,838
International Bank for Reconstruction & Development
2.410%, 11/02/29(E)		4,000,000		3,957,038
1.745%, 07/31/33(E)		2,500,000		2,560,738
1.123%, 12/12/26(E)		3,500,000		3,444,102
0.750%, 08/26/30		2,500,000		2,178,879
0.000%, 03/31/27(F)		2,500,000		2,408,928
0.000%, 03/31/28(C)(G)		1,000,000		983,168
International Development Association
4.500%, 02/12/35(B)		1,425,000		1,436,155
4.375%, 11/27/29(B)		2,125,000		2,150,098
Jackson National Life Global Funding
4.700%, 06/05/28(B)		946,000		944,854
4.550%, 09/09/30(B)		925,000		909,030
Jefferies Financial Group
5.500%, 02/15/36		465,000		447,520
5.125%, 04/28/31		1,090,000		1,074,857
JPMorgan Chase
7.625%, 10/15/26		75,000		76,179
5.294%, SOFR + 1.460%, 07/22/35(C)		1,205,000		1,218,334
5.148%, SOFR + 1.260%, 04/23/37(C)		803,000		798,918
4.032%, TSFR3M + 1.722%, 07/24/48(C)		830,000		654,939

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

CATHOLIC RESPONSIBLE INVESTMENTS BOND FUND

APRIL 30, 2026 (Unaudited)

CORPORATE OBLIGATIONS — continued

	Face Amount		Value
FINANCIALS — continued
3.328%, U.S. SOFR + 1.580%, 04/22/52(C)	$	2,075,000	$	1,413,111
2.956%, TSFR3M + 2.515%, 05/13/31(C)		975,000		909,899
2.522%, U.S. SOFR + 2.040%, 04/22/31(C)		725,000		670,518
KBC Group
4.454%, H15T1Y + 0.850%, 09/23/31(B)(C)		634,000		623,955
KEB Hana Bank MTN
4.259%, SOFR + 0.600%, 10/21/28(B)(C)		1,425,000		1,429,430
KeyCorp MTN
2.250%, 04/06/27		4,865,000		4,778,157
Kreditanstalt fuer Wiederaufbau
4.375%, 02/28/34		2,500,000		2,513,923
1.750%, 09/14/29		2,500,000		2,329,587
Liberty Utilities Finance GP 1
2.050%, 09/15/30(B)		2,500,000		2,246,275
Lincoln Financial Global Funding
4.625%, 05/28/28(B)		825,000		825,809
Lincoln National
5.350%, 11/15/35		1,250,000		1,215,411
Lloyds Banking Group
4.241%, H15T1Y + 0.600%, 02/10/30(C)		859,000		850,691
Low Income Investment Fund
3.711%, 07/01/29		2,500,000		2,430,615
LPL Holdings
5.150%, 06/15/30		585,000		588,992
Lseg US Finance
5.250%, 03/23/36(B)		508,000		505,947
LYB International Finance III
5.125%, 01/15/31		320,000		322,008
3.375%, 10/01/40		1,255,000		922,468
2.250%, 10/01/30		100,000		89,701
M&T Bank MTN
5.385%, SOFR + 1.610%, 01/16/36(C)		2,050,000		2,042,646
5.179%, SOFR + 1.400%, 07/08/31(C)		590,000		597,128
4.833%, SOFR + 0.930%, 01/16/29(C)		2,500,000		2,509,788
Macquarie Airfinance Holdings
5.200%, 03/27/28(B)		600,000		602,530
Main Street Capital
6.500%, 06/04/27		815,000		824,281
Manulife Financial
4.986%, 12/11/35		835,000		821,541
Marex Group
6.404%, 11/04/29		542,000		558,575

CORPORATE OBLIGATIONS — continued

	Face Amount		Value
FINANCIALS — continued
5.829%, 05/08/28	$	374,000	$	377,546
Markel Group
6.000%, 05/16/54		1,080,000		1,055,745
Massachusetts Higher Education Assistance
2.673%, 07/01/31		500,000		439,305
Mastercard
1.900%, 03/15/31		2,500,000		2,230,078
Mercedes-Benz Finance North America
4.250%, 03/10/29(B)		1,608,000		1,596,935
Methanex US Operations
6.250%, 03/15/32(B)		640,000		658,543
Mitsubishi HC Finance America
5.150%, 10/24/29(B)		1,105,000		1,120,605
Mitsubishi UFJ Financial Group
4.847%, H15T1Y + 0.920%, 04/21/32(C)		689,000		688,203
Mizuho Financial Group
5.778%, H15T1Y + 1.650%, 07/06/29(C)		1,000,000		1,026,859
5.748%, H15T1Y + 1.900%, 07/06/34(C)		1,650,000		1,717,902
4.711%, H15T1Y + 0.920%, 07/08/31(C)		1,450,000		1,448,992
Morgan Stanley
5.466%, SOFR + 1.730%, 01/18/35(C)		1,585,000		1,615,050
5.230%, SOFR + 1.108%, 01/15/31(C)		850,000		864,091
4.809%, SOFRINDX + 1.180%, 04/16/32(C)		1,175,000		1,172,126
4.493%, SOFR + 0.950%, 01/16/32(C)		947,000		931,721
4.431%, TSFR3M + 1.890%, 01/23/30(C)		475,000		472,695
3.217%, U.S. SOFR + 1.485%, 04/22/42(C)		1,610,000		1,220,524
2.239%, SOFR + 1.178%, 07/21/32(C)		1,700,000		1,495,742
Morgan Stanley Private Bank
4.465%, SOFR + 1.020%, 11/19/31(C)		1,660,000		1,637,279
MSD Investment
6.250%, 05/31/30		270,000		267,152
6.125%, 02/05/31(B)		193,000		188,275
National Bank of Canada
4.500%, 10/10/29		935,000		934,570
National Community Renaissance of California
3.270%, 12/01/32		1,000,000		877,685

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

CATHOLIC RESPONSIBLE INVESTMENTS BOND FUND

APRIL 30, 2026 (Unaudited)

CORPORATE OBLIGATIONS — continued

	Face Amount		Value
FINANCIALS — continued
Nationwide Building Society
5.127%, 07/29/29(B)	$	1,075,000	$	1,093,782
NatWest Group
5.808%, H15T1Y + 1.950%, 09/13/29(C)		3,355,000		3,447,923
5.778%, H15T1Y + 1.500%, 03/01/35(C)		1,910,000		1,980,589
1.642%, H15T1Y + 0.900%, 06/14/27(C)		1,750,000		1,743,901
NatWest Markets MTN
4.893%, 03/27/31(B)		2,215,000		2,227,474
NHP Foundation
6.000%, 12/01/33		1,000,000		1,058,038
NLG Global Funding
5.400%, 01/23/30(B)		310,000		316,579
4.350%, 09/15/30(B)		1,230,000		1,207,857
Norinchukin Bank
5.356%, 03/10/36(B)		776,000		771,180
North Haven Private Income Fund
5.125%, 09/25/28(B)		335,000		326,534
Oaktree Strategic Credit Fund
8.400%, 11/14/28		1,480,000		1,554,805
Oberlin College
2.874%, 10/01/51		1,000,000		615,157
OMERS Finance Trust
4.000%, 04/19/52		500,000		391,455
OneMain Financial Issuance Trust
6.625%, 05/15/29		290,000		294,813
Pacific Life Global Funding II
4.850%, 02/10/30(B)		1,205,000		1,213,956
PacifiCorp
4.250%, 03/15/29		825,000		817,349
Panther Escrow Issuer
7.125%, 06/01/31(B)		780,000		784,373
Preservation of Affordable Housing
5.435%, 06/01/36		1,000,000		968,665
Pricoa Global Funding I
4.750%, 08/26/32(B)		638,000		632,808
Prologis Targeted US Logistics Fund
4.625%, 03/15/33‡(B)		1,380,000		1,341,766
Protective Life
4.700%, 01/15/31(B)		620,000		614,542
Prudential Financial
5.125%, H15T5Y + 3.162%, 03/01/52(C)		3,250,000		3,167,566
4.350%, 02/25/50		1,573,000		1,263,117
3.935%, 12/07/49		1,051,000		788,343

CORPORATE OBLIGATIONS — continued

	Face Amount		Value
FINANCIALS — continued
RGA Global Funding
4.600%, 11/25/30(B)	$	1,019,000	$	1,011,537
Rockefeller Foundation
2.492%, 10/01/50		2,000,000		1,203,368
Rocket
6.500%, 08/01/29(B)		443,000		451,279
Royal Bank of Canada MTN
4.498%, SOFR + 0.890%, 08/06/29(C)		2,070,000		2,071,666
RWE Finance US
6.250%, 04/16/54(B)		2,000,000		2,005,353
5.875%, 04/16/34(B)		1,000,000		1,034,804
5.125%, 09/18/35(B)		1,075,000		1,047,038
Salvation Army
4.528%, 09/01/48		1,500,000		1,278,093
Sammons Financial Group Global Funding
4.950%, 06/12/30(B)		1,370,000		1,372,863
Santander Holdings USA
5.353%, SOFR + 1.940%, 09/06/30(C)		2,125,000		2,147,433
Santander UK Group Holdings
5.136%, SOFRINDX + 1.578%, 09/22/36(C)		570,000		552,075
SBL Holdings
7.200%, 10/30/34(B)		835,000		772,072
5.900%, 09/26/28(A)(B)		175,000		167,474
SiriusPoint
7.000%, 04/05/29		569,000		595,981
Sitios Latinoamerica
6.000%, 11/25/29(B)		655,000		669,109
Sixth Street Lending Partners
6.500%, 03/11/29		765,000		782,560
Societe Generale
5.512%, SOFR + 1.650%, 05/22/31(B)(C)		617,000		630,042
5.250%, 02/19/27(B)		200,000		201,446
SoftBank
4.699%, 07/09/30(B)		612,000		608,351
Sompo Holdings
5.411%, H15T1Y + 2.130%, 04/22/37(B)(C)		885,000		870,921
Standard Chartered MTN
4.529%, H15T1Y + 0.950%, 06/05/32(B)(C)		2,270,000		2,221,863
Starwood Property Trust
7.250%, 04/01/29‡(B)		750,000		777,187
6.500%, 10/15/30‡(B)		263,000		270,505
5.250%, 10/15/28‡(B)		720,000		716,558

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

CATHOLIC RESPONSIBLE INVESTMENTS BOND FUND

APRIL 30, 2026 (Unaudited)

CORPORATE OBLIGATIONS — continued

	Face Amount		Value
FINANCIALS — continued
State Street
4.558%, SOFR + 0.914%, 04/23/32(C)	$	1,072,000	$	1,066,810
Sumisho Air Lease
4.500%, 03/24/29(B)		1,931,000		1,919,410
Svenska Handelsbanken
4.375%, 05/23/28(B)		1,075,000		1,077,642
Synchrony Financial
5.935%, SOFRINDX + 2.130%, 08/02/30(C)		540,000		550,874
5.450%, SOFR + 1.680%, 03/06/31(C)		360,000		360,925
4.947%, SOFR + 1.530%, 02/25/32(C)		230,000		224,707
Toronto-Dominion Bank
5.146%, H15T5Y + 1.500%, 09/10/34(C)		4,125,000		4,147,102
4.866%, 04/22/33		1,275,000		1,267,815
4.568%, 12/17/26		9,100,000		9,127,738
Truist Bank
4.632%, H15T5Y + 1.150%, 09/17/29(C)		2,735,000		2,716,374
4.420%, SOFR + 0.770%, 07/24/28(C)		1,250,000		1,248,847
Turkcell Iletisim Hizmetleri
7.650%, 01/24/32(A)(B)		1,025,000		1,070,434
UBS Group
5.125%, H15T5Y + 4.855%(C)(D)		4,090,000		4,091,624
4.844%, SOFR + 1.290%, 11/06/33(B)(C)		1,892,000		1,863,977
3.875%, H15T5Y + 3.098%(A)(B)(C)(D)		2,970,000		2,969,993
UniCredit MTN
7.296%, USISDA05 + 4.914%, 04/02/34(B)(C)		2,400,000		2,531,886
Unum Group
6.750%, 12/15/28		465,000		486,386
US Bancorp
5.300%, TSFR3M + 3.176%(C)(D)		1,860,000		1,853,903
4.839%, SOFR + 1.600%, 02/01/34(C)		1,438,000		1,422,238
US Bank
4.507%, SOFR + 0.690%, 10/22/27(C)		1,155,000		1,156,139
USAA Capital
2.125%, 05/01/30(B)		5,000,000		4,573,810
Vmed O2 UK Financing I
6.750%, 01/15/33(B)		1,960,000		1,791,612

CORPORATE OBLIGATIONS — continued

	Face Amount		Value
FINANCIALS — continued
Wells Fargo
4.182%, SOFR + 0.740%, 01/23/30(C)	$	1,295,000	$	1,283,533
Western Union
4.750%, 06/15/29		645,000		640,757
Western-Southern Global Funding
4.700%, 12/10/32(B)		1,445,000		1,411,084
WK Kellogg Foundation Trust
2.443%, 10/01/50(B)		2,500,000		1,454,594
WLB Asset II D Pte
6.500%, 12/21/26(B)		2,446,306		2,376,458
WLB Asset VI Pte
7.250%, 12/21/27(B)		1,481,832		1,532,756
WLB Asset VII Pte
5.880%, 07/30/29(B)		462,500		461,206
WSP Global
5.714%, 09/18/36(B)		1,399,000		1,390,476
ZF North America Capital
7.500%, 03/24/31(B)		985,000		987,144
7.125%, 04/14/30(B)		320,000		320,758
				397,868,115
HEALTH CARE — 0.2%
Cardinal Health
5.000%, 11/15/29		1,550,000		1,572,538
Cigna Group
7.875%, 05/15/27		651,000		673,184
Elevance Health
4.000%, 09/15/28		1,370,000		1,358,466
Molina Healthcare
6.500%, 02/15/31(B)		1,100,000		1,117,772
				4,721,960
INDUSTRIALS — 0.7%
AerCap Ireland Capital DAC
4.125%, 02/28/29		1,250,000		1,234,474
3.300%, 01/30/32		1,855,000		1,695,539
3.000%, 10/29/28		225,000		216,806
Aviation Capital Group
5.125%, 04/10/30(B)		620,000		624,093
4.250%, 04/30/29(B)		263,000		259,308
Canadian Pacific Railway
4.000%, 03/15/29		495,000		489,453
Daimler Truck Finance North America
4.650%, 10/12/30(B)		905,000		900,278
Family Forest Impact Foundation
5.500%, 07/01/32		1,250,000		1,229,936
Fedex Freight Holding
4.650%, 03/15/31(B)		940,000		927,044

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

CATHOLIC RESPONSIBLE INVESTMENTS BOND FUND

APRIL 30, 2026 (Unaudited)

CORPORATE OBLIGATIONS — continued

	Face Amount		Value
INDUSTRIALS — continued
GE Vernova
5.500%, 02/04/56	$	760,000	$	729,074
Georgia-Pacific
4.900%, 05/15/33(B)		1,017,000		1,014,183
Hexcel
4.900%, 05/15/31		390,000		390,231
Mileage Plan IP
5.021%, 10/20/29(B)		1,871,000		1,851,626
Nature Conservancy
3.957%, 03/01/52		2,485,000		1,929,157
Norfolk Southern
2.300%, 05/15/31		3,500,000		3,148,999
Southwest Airlines
5.250%, 11/15/35		2,590,000		2,456,184
4.375%, 11/15/28		483,000		479,466
Union Pacific Railroad Pass Through Trust
6.176%, 01/02/31		5,608		5,829
5.082%, 01/02/29		8,314		8,392
United Airlines Holdings
4.875%, 03/01/29		1,455,000		1,437,489
				21,027,561
INFORMATION TECHNOLOGY — 1.3%
Analog Devices
4.250%, 06/15/28		1,155,000		1,154,707
Apple
3.000%, 06/20/27		1,750,000		1,732,022
Arrow Electronics
5.150%, 08/21/29		845,000		854,010
Core Scientific Finance I
7.750%, 05/15/31(B)		1,015,000		1,012,608
Flex
5.375%, 11/13/35		2,410,000		2,395,646
Gartner
5.600%, 11/20/35		1,553,000		1,465,210
Hewlett Packard Enterprise
5.250%, 04/01/33		1,200,000		1,203,457
Intel
6.125%, 05/15/56		1,305,000		1,295,876
International Business Machines
5.800%, 02/03/56		2,620,000		2,483,456
Jabil
4.200%, 02/01/29		498,000		492,131
Kyndryl Holdings
6.350%, 02/20/34		1,500,000		1,456,638
3.150%, 10/15/31		1,725,000		1,463,906
Microchip Technology
5.050%, 02/15/30		610,000		616,193
NXP BV
4.300%, 08/19/28		625,000		623,311

CORPORATE OBLIGATIONS — continued

	Face Amount		Value
INFORMATION TECHNOLOGY — continued
Oracle
6.700%, 02/04/56	$	2,235,000	$	2,060,015
5.950%, 09/26/55		1,443,000		1,208,851
5.375%, 09/27/54		2,410,000		1,855,096
3.900%, 05/15/35		2,445,000		2,069,662
3.600%, 04/01/40		495,000		356,940
Roper Technologies
4.250%, 09/15/28		325,000		322,616
Salesforce
6.550%, 03/15/56		2,135,000		2,120,006
5.550%, 03/15/36		1,126,000		1,123,344
2.900%, 07/15/51		2,134,000		1,237,394
TD SYNNEX
4.300%, 01/17/29		625,000		618,314
Tyco Electronics Group
4.625%, 02/01/30		1,025,000		1,034,953
VMware
1.400%, 08/15/26		525,000		520,969
				32,777,331
MATERIALS — 0.6%
Air Products and Chemicals
4.800%, 03/03/33		1,500,000		1,513,343
Alcoa Nederland Holding BV
7.125%, 03/15/31(B)		1,030,000		1,064,501
Amcor Flexibles North America
5.125%, 03/12/36		575,000		561,157
Dow Chemical
5.600%, 02/15/54		250,000		218,137
5.150%, 02/15/34(A)		4,000,000		3,942,393
Eastman Chemical
4.500%, 02/20/31		1,510,000		1,483,569
FMG Resources August 2006 Pty
6.125%, 04/15/32(B)		2,500,000		2,583,511
Freeport-McMoRan
5.250%, 09/01/29		1,532,000		1,544,476
Inversiones CMPC
6.125%, 06/23/33(B)		1,060,000		1,069,676
Mosaic
4.350%, 01/15/29		381,000		378,852
Smurfit Kappa Treasury ULC
5.438%, 04/03/34		2,250,000		2,287,982
Westlake
6.375%, 11/15/55		850,000		840,541
				17,488,138
REAL ESTATE — 0.6%
Camden Property Trust
4.900%, 02/28/36‡		635,000		617,216
Community Preservation
2.867%, 02/01/30		2,400,000		2,232,639

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

CATHOLIC RESPONSIBLE INVESTMENTS BOND FUND

APRIL 30, 2026 (Unaudited)

CORPORATE OBLIGATIONS — continued

	Face Amount		Value
REAL ESTATE — continued
Cousins Properties
4.875%, 03/01/33‡	$	390,000	$	377,415
EPR Properties
4.750%, 11/15/30‡		959,000		942,392
Equinix Europe 2 Financing
4.600%, 11/15/30‡		266,000		264,463
ERP Operating
4.150%, 12/01/28‡		3,672,000		3,652,670
Extra Space Storage
5.700%, 04/01/28‡		250,000		255,075
Host Hotels & Resorts
5.700%, 07/01/34‡		1,525,000		1,556,383
4.250%, 12/15/28‡		255,000		252,526
Mid-America Apartments
4.650%, 01/15/33‡		1,183,000		1,164,244
Omega Healthcare Investors
5.200%, 07/01/30‡		900,000		906,797
Prologis
4.900%, 06/15/36‡		840,000		820,698
Realty Income
4.750%, 04/15/33‡		730,000		721,055
Simon Property Group
4.300%, 01/15/31‡		963,000		950,045
				14,713,618
UTILITIES — 4.2%
Alabama Power
3.700%, 12/01/47		1,845,000		1,363,209
American Water Capital
5.200%, 04/01/36		1,776,000		1,778,348
Avangrid
3.800%, 06/01/29		2,500,000		2,438,444
California Buyer
6.375%, 02/15/32(B)		1,675,000		1,664,695
CenterPoint Energy Houston Electric
3.350%, 04/01/51		2,600,000		1,774,288
Consolidated Edison of New York
4.450%, 03/15/44		965,000		824,650
Continental Wind
6.000%, 02/28/33(B)		1,997,466		2,027,441
ContourGlobal Power Holdings
6.750%, 02/28/30(B)		500,000		507,500
Dominion Energy
2.250%, 08/15/31		4,650,000		4,115,787
Dominion Energy South Carolina
6.250%, 10/15/53		1,170,000		1,229,379
DTE Electric
3.650%, 03/01/52		1,256,000		904,503

CORPORATE OBLIGATIONS — continued

	Face Amount		Value
UTILITIES — continued
Edison International
5.000%, 05/05/28	$	415,000	$	414,577
Entergy Arkansas
5.750%, 01/15/56		490,000		478,134
Entergy Mississippi
5.800%, 04/15/55		2,125,000		2,081,703
Essential Utilities
4.800%, 08/15/27		570,000		572,071
Exelon
4.950%, 03/15/36		1,170,000		1,135,090
Georgia Power
3.250%, 03/15/51		3,368,000		2,261,151
Hanwha Futureproof
4.750%, 04/30/28(B)		1,000,000		1,007,382
Interstate Power and Light
4.100%, 09/26/28		790,000		784,524
MidAmerican Energy
5.850%, 09/15/54		975,000		977,463
5.300%, 02/01/55		1,050,000		974,781
4.250%, 07/15/49		2,055,000		1,648,564
3.950%, 08/01/47		2,500,000		1,940,899
2.700%, 08/01/52		2,588,000		1,560,618
National Rural Utilities Cooperative Finance
4.150%, 12/15/32		6,720,000		6,534,371
New York State Electric & Gas
5.850%, 08/15/33(B)		2,500,000		2,614,078
5.300%, 08/15/34(B)		1,000,000		1,010,732
5.050%, 08/15/35(B)		1,400,000		1,381,456
2.150%, 10/01/31(B)		3,740,000		3,266,034
NextEra Energy Capital Holdings
4.685%, 09/01/27		720,000		723,168
4.625%, 07/15/27		100,000		100,346
Niagara Mohawk Power
5.783%, 09/16/52(B)		3,586,000		3,469,898
1.960%, 06/27/30(B)		3,500,000		3,149,833
NRG Energy
7.000%, 03/15/33(B)		3,135,000		3,407,892
NSTAR Electric
4.850%, 03/01/30		370,000		374,595
Oncor Electric Delivery
4.150%, 06/01/32		2,500,000		2,428,961
Pacific Gas and Electric
6.700%, 04/01/53		5,000,000		5,205,092
6.100%, 01/15/29		646,000		667,629
5.000%, 06/04/28		315,000		317,806
4.950%, 07/01/50		2,315,000		1,922,715
PECO Energy
4.150%, 10/01/44		1,015,000		829,131
3.000%, 09/15/49		1,810,000		1,167,191

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

CATHOLIC RESPONSIBLE INVESTMENTS BOND FUND

APRIL 30, 2026 (Unaudited)

CORPORATE OBLIGATIONS — continued

	Face Amount		Value
UTILITIES — continued
PG&E Recovery Funding
5.536%, 07/15/47	$	1,250,000	$	1,249,730
5.529%, 06/01/49		2,500,000		2,470,717
5.231%, 06/01/42		1,000,000		999,104
Public Service Electric and Gas MTN
5.125%, 03/15/53		1,250,000		1,141,333
4.650%, 03/15/33		2,595,000		2,579,033
3.100%, 03/15/32		4,500,000		4,140,434
Public Service of New Hampshire
4.400%, 07/01/28		580,000		581,084
San Diego Gas & Electric
5.950%, 03/15/56		420,000		418,336
4.950%, 08/15/28		1,000,000		1,013,393
2.950%, 08/15/51		2,500,000		1,568,018
SCE Recovery Funding
5.112%, 12/15/47		800,000		737,024
Sempra
6.550%, H15T5Y + 2.138%, 04/01/55(C)		2,055,000		2,076,113
Solar Star Funding
5.375%, 06/30/35(B)		907,711		907,476
3.950%, 06/30/35(B)		788,659		746,667
Southern
3.750%, H15T5Y + 2.915%, 09/15/51(C)		1,450,000		1,444,009
Southern California Edison
5.150%, 06/01/29		795,000		804,391
3.650%, 06/01/51		3,000,000		2,034,985
3.450%, 02/01/52		2,530,000		1,641,595
2.750%, 02/01/32		2,500,000		2,224,492
Union Electric
3.900%, 04/01/52		2,195,000		1,640,739
Virginia Electric and Power
4.950%, 03/15/36		683,000		666,440
Wisconsin Power and Light
3.950%, 09/01/32		2,500,000		2,386,118
XPLR Infrastructure Operating Partners
7.750%, 04/15/34(B)		570,000		597,409
				107,104,769
Total Corporate Obligations
(Cost $729,932,225)				715,800,937

U.S. TREASURY OBLIGATIONS — 27.7%

U.S. Treasury Bonds
5.000%, 05/15/45	$	4,100,000	$	4,118,899
4.875%, 08/15/45		5,676,000		5,607,116

U.S. TREASURY OBLIGATIONS — continued

	Face Amount		Value
4.750%, 11/15/43	$	5,420,000	$	5,306,942
4.750%, 02/15/45		5,460,000		5,319,234
4.750%, 11/15/53		1,475,000		1,416,346
4.750%, 05/15/55		7,500,000		7,214,165
4.750%, 02/15/56		3,996,000		3,847,912
4.625%, 05/15/44		19,110,000		18,382,924
4.625%, 11/15/44		6,230,000		5,977,636
4.625%, 02/15/46		5,093,000		4,866,202
4.625%, 05/15/54		2,420,000		2,280,661
4.625%, 02/15/55		16,455,000		15,505,920
4.625%, 11/15/55		11,080,000		10,453,019
4.500%, 02/15/44		13,528,000		12,827,292
4.500%, 11/15/54		2,960,000		2,733,259
4.250%, 08/15/54		965,000		854,515
4.125%, 08/15/44		11,220,000		10,092,110
4.125%, 08/15/53		14,912,000		12,921,890
3.875%, 05/15/43		2,100,000		1,845,867
3.625%, 05/15/53		165,000		130,601
3.375%, 08/15/42		6,970,000		5,784,283
3.000%, 02/15/49		615,000		443,929
3.000%, 08/15/52		4,522,000		3,176,528
2.875%, 05/15/43		5,705,000		4,345,383
2.500%, 02/15/45		14,955,000		10,386,715
2.500%, 02/15/46		870,000		594,149
2.500%, 05/15/46		210,000		142,857
2.375%, 02/15/42		870,000		629,730
2.250%, 08/15/46		1,805,000		1,165,142
2.250%, 02/15/52		5,235,000		3,114,007
2.000%, 11/15/41		1,305,000		895,964
2.000%, 02/15/50		4,745,000		2,730,414
2.000%, 08/15/51		6,755,000		3,797,313
1.875%, 02/15/41		935,000		643,105
1.875%, 02/15/51		325,000		178,242
1.875%, 11/15/51		3,200,000		1,735,125
1.750%, 08/15/41		9,530,000		6,325,910
1.625%, 11/15/50		12,805,000		6,599,727
1.375%, 08/15/50		12,530,000		6,053,067
1.250%, 05/15/50		17,155,000		8,044,087
1.125%, 08/15/40		3,465,000		2,146,405
U.S. Treasury Inflation Indexed Bond
2.375%, 02/15/56		25,893,658		24,037,226
U.S. Treasury Notes
4.375%, 01/31/32		18,555,000		18,805,058
4.250%, 06/30/31		17,325,000		17,486,745
4.250%, 03/31/33		2,925,000		2,933,227
4.250%, 08/15/35		30,829,800		30,560,638
4.125%, 10/31/29		4,590,000		4,615,281
4.125%, 07/31/31		5,825,000		5,844,341
4.125%, 11/30/31		8,020,000		8,033,471
4.125%, 02/15/36		18,770,000		18,374,962
4.000%, 04/30/32		2,080,000		2,065,781
4.000%, 11/15/35		38,393,000		37,264,688

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

CATHOLIC RESPONSIBLE INVESTMENTS BOND FUND

APRIL 30, 2026 (Unaudited)

U.S. TREASURY OBLIGATIONS — continued

	Face Amount		Value
3.875%, 04/30/30	$	3,345,000	$	3,332,195
3.875%, 07/31/30		450,000		447,943
3.875%, 03/31/31		6,511,000		6,467,763
3.875%, 12/31/32		4,670,000		4,585,174
3.875%, 08/15/34		80,830,000		78,436,674
3.833%, USBMMY3M + 0.190%, 10/31/27(C)		34,550,000		34,603,159
3.750%, 05/31/30		1,235,000		1,224,145
3.750%, 01/31/31		15,426,000		15,250,047
3.742%, USBMMY3M + 0.099%, 01/31/28(C)		36,010,000		36,012,595
3.625%, 10/31/30		49,880,000		49,106,470
3.625%, 09/30/31		13,155,000		12,869,290
3.500%, 01/15/29		43,565,000		43,112,333
3.500%, 03/15/29		18,870,000		18,662,135
3.500%, 09/30/29		4,595,000		4,530,024
3.500%, 02/28/31		6,519,000		6,373,850
1.625%, 05/15/31		8,150,000		7,257,002
1.375%, 11/15/31		13,895,000		12,029,488
1.250%, 08/15/31		2,695,000		2,336,123
1.125%, 02/15/31		2,385,000		2,087,527

Total U.S. Treasury Obligations
(Cost $737,418,295)				709,379,947

MORTGAGE-BACKED SECURITIES — 27.4%

Agency Mortgage-Backed Obligations — 19.2%
FHLMC
7.000%, 11/01/32	$	104,495	$	110,341
7.000%, 10/01/32		3,315		3,500
7.000%, 09/01/32		6,350		6,706
7.000%, 07/01/32		1,396		1,474
7.000%, 06/01/32		27,328		28,856
6.646%, RFUCCT1Y + 1.790%, 10/01/41 (C)		3,423		3,551
6.630%, RFUCCT1Y + 1.630%, 05/01/44 (C)		679		699
6.535%, RFUCCT1Y + 2.035%, 09/01/37 (C)		1,475		1,518
6.500%, 09/01/55		860,050		891,927
6.500%, 01/01/38		540		574
6.500%, 11/01/37		1,005		1,007
6.500%, 09/01/37		10,002		10,313
6.500%, 08/01/37		1,811		1,903
6.500%, 12/01/32		37,558		39,077
6.500%, 12/01/31		919		954
6.486%, RFUCCT1Y + 1.788%, 08/01/42 (C)		2,054		2,143
6.424%, RFUCCT1Y + 1.876%, 01/01/42 (C)		22,998		23,985
6.376%, RFUCCT1Y + 1.960%, 04/01/40 (C)		948		977

MORTGAGE-BACKED SECURITIES — continued

	Face Amount		Value
6.344%, RFUCCT1Y + 1.650%, 04/01/43 (C)	$	24,100	$	24,822
6.289%, RFUCCT1Y + 1.609%, 10/01/44 (C)		24,120		25,003
6.288%, RFUCCT1Y + 1.607%, 11/01/44 (C)		176,109		182,611
6.262%, RFUCCT1Y + 1.615%, 11/01/44 (C)		19,105		19,810
6.255%, RFUCCT1Y + 1.630%, 07/01/44 (C)		16,022		16,490
6.248%, RFUCCT1Y + 1.623%, 12/01/45 (C)		67,072		69,392
6.247%, RFUCCT1Y + 1.775%, 11/01/39 (C)		36,404		37,622
6.220%, RFUCCT1Y + 1.630%, 01/01/45 (C)		9,465		9,815
6.203%, RFUCCT1Y + 1.619%, 05/01/46 (C)		10,052		10,410
6.080%, RFUCCT1Y + 1.612%, 01/01/44 (C)		17,410		18,011
6.039%, RFUCCT1Y + 1.655%, 08/01/44 (C)		182,630		189,184
6.000%, 07/01/55		1,137,240		1,161,506
6.000%, 04/01/55		1,238,033		1,265,197
6.000%, 08/01/54		2,924,309		2,986,700
6.000%, 05/01/39		24,452		25,670
6.000%, 04/01/39		13,065		13,557
6.000%, 02/01/39		9,630		10,108
6.000%, 09/01/38		6,725		7,042
6.000%, 06/01/38		2,610		2,688
6.000%, 11/01/36		17,004		17,849
6.000%, 12/01/33		5,883		6,065
5.982%, RFUCCT1Y + 1.703%, 04/01/38 (C)		55,760		57,741
5.972%, RFUCCT1Y + 1.630%, 02/01/45 (C)		39,446		40,837
5.948%, RFUCCT1Y + 1.630%, 01/01/45 (C)		72,110		74,342
5.907%, RFUCCT1Y + 1.630%, 12/01/44 (C)		26,678		27,561
5.873%, RFUCCT1Y + 1.630%, 02/01/45 (C)		93,513		96,766
5.849%, RFUCCT1Y + 1.724%, 04/01/36 (C)		4,628		4,737
5.837%, RFUCCT1Y + 1.630%, 02/01/45 (C)		7,948		8,234
5.500%, 06/01/55		1,101,984		1,108,781
5.500%, 12/01/54		3,495,277		3,517,458
5.500%, 06/01/53		1,397,363		1,418,727
5.500%, 06/01/37		294		298
5.500%, 01/01/35		47,221		48,260
5.000%, 10/01/55		1,706,434		1,695,510
5.000%, 06/01/53		4,049,345		4,012,552
5.000%, 04/01/34		3,359		3,380

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

CATHOLIC RESPONSIBLE INVESTMENTS BOND FUND

APRIL 30, 2026 (Unaudited)

MORTGAGE-BACKED SECURITIES — continued

	Face Amount		Value
4.500%, 09/01/53	$	3,387,358	$	3,277,284
4.500%, 09/01/48		500,074		490,576
4.500%, 03/01/47		342,885		337,713
4.500%, 03/01/46		61,159		60,285
4.500%, 11/01/45		123,511		121,860
4.500%, 02/01/45		474,173		463,148
4.500%, 10/01/44		18,339		18,042
4.500%, 08/01/44		320,089		315,514
4.500%, 07/01/44		84,056		82,855
4.500%, 03/01/44		8,183		8,066
4.500%, 01/01/44		74,267		73,206
4.500%, 12/01/43		59,743		58,772
4.500%, 11/01/43		6,715		6,673
4.500%, 05/01/42		31,984		31,253
4.500%, 09/01/41		102,318		101,678
4.500%, 07/01/41		13,777		13,691
4.500%, 05/01/41		28,507		28,328
4.500%, 04/01/40		39,299		39,054
4.500%, 12/01/33		11,311		11,332
4.500%, 06/01/31		8,925		8,939
4.500%, 06/01/26		2		2
4.250%, 09/01/42		819,944		794,177
4.169%, SOFR30A + 2.279%, 09/01/52 (C)		698,439		690,982
4.000%, 01/01/52		840,949		795,524
4.000%, 05/01/46		541,584		518,218
4.000%, 07/01/34		38,378		37,816
4.000%, 10/01/31		20,111		19,927
3.500%, 07/01/52		7,649,617		7,029,197
3.500%, 04/01/52		9,442,216		8,660,531
3.500%, 02/01/52		412,217		377,656
3.500%, 01/01/52		2,402,820		2,202,188
3.500%, 04/01/51		2,174,727		1,991,106
3.500%, 04/01/37		272,816		264,645
3.000%, 06/01/52		5,131,862		4,514,063
3.000%, 03/01/52		1,063,547		946,034
3.000%, 11/01/50		1,450,750		1,281,593
3.000%, 02/01/50		5,886,210		5,217,166
2.500%, 01/01/54		8,504,504		7,165,562
2.500%, 10/01/53		965,753		812,823
2.500%, 05/01/52		2,212,300		1,883,107
2.500%, 07/01/50		3,945,312		3,375,488
2.500%, 01/01/36		672,453		637,457
2.000%, 06/01/52		4,136,544		3,324,380
2.000%, 04/01/52		1,603,763		1,285,839
2.000%, 03/01/52		3,946,681		3,214,742
2.000%, 01/01/52		1,184,092		961,864
2.000%, 04/01/51		2,990,324		2,412,968
2.000%, 12/01/50		3,042,465		2,490,675
2.000%, 11/01/50		1,105,936		906,131
2.000%, 09/01/50		10,520,129		8,522,150
2.000%, 07/01/50		4,455,615		3,655,602
2.000%, 02/01/42		1,410,748		1,219,781

MORTGAGE-BACKED SECURITIES — continued

	Face Amount		Value
FHLMC Mscr Trust Mn6, Ser MN6, Cl B1
12.895%, SOFR30A + 9.250%, 05/25/43 (B)(C)	$	3,290,000	$	3,780,427
FHLMC Multiclass Certificates, Ser 2024-P016, Cl A2
4.606%, 09/25/33 (C)		2,500,000		2,505,274
FHLMC Multifamily ML Certificates
1.219%, 07/25/41 (B)(C)		9,630,044		837,118
FHLMC Multifamily ML Certificates, Ser ML08, Cl AUS
1.877%, 07/25/37		1,576,499		1,276,763
FHLMC Multifamily Structured Credit Risk, Ser MN4, Cl B1
13.145%, SOFR30A + 9.500%, 05/25/52 (B)(C)		3,290,000		3,899,170
FHLMC Multifamily Structured Credit Risk, Ser MN5, Cl B1
13.145%, SOFR30A + 9.500%, 11/25/42 (B)(C)		3,290,000		3,786,050
FHLMC Multifamily Variable Rate Certificate, Ser M069, Cl A
4.013%, 04/15/37		1,190,000		1,163,507
FHLMC Multifamily Variable Rate Certificate, Ser ML-14
4.050%, 08/25/38		673,193		632,622
FHLMC STACR REMIC Trust, Ser 2022-DNA5, Cl M1B
8.145%, SOFR30A + 4.500%, 06/25/42 (B)(C)		1,310,000		1,359,531
FHLMC STACR REMIC Trust, Ser 2022-DNA6, Cl M1B
7.345%, SOFR30A + 3.700%, 09/25/42 (B)(C)		4,670,000		4,826,865
FHLMC STACR REMIC Trust, Ser 2022-DNA6, Cl M2
9.395%, SOFR30A + 5.750%, 09/25/42 (B)(C)		3,120,000		3,317,434
FHLMC STACR REMIC Trust, Ser 2022-HQA2, Cl M2
9.645%, SOFR30A + 6.000%, 07/25/42 (B)(C)		2,090,000		2,208,135
FHLMC STACR REMIC Trust, Ser 2023-DNA1, Cl M2
9.146%, SOFR30A + 5.500%, 03/25/43 (B)(C)		4,740,000		5,065,875
FHLMC STACR REMIC Trust, Ser 2023-DNA2, Cl M1A
5.745%, SOFR30A + 2.100%, 04/25/43 (B)(C)		1,131,882		1,145,975

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

CATHOLIC RESPONSIBLE INVESTMENTS BOND FUND

APRIL 30, 2026 (Unaudited)

MORTGAGE-BACKED SECURITIES — continued

	Face Amount		Value
FHLMC STACR REMIC Trust, Ser 2026-DNA2, Cl M2
5.245%, SOFR30A + 1.600%, 03/25/46 (B)(C)	$	2,120,000	$	2,125,869
FHLMC Structured Pass-Through Certificates, Ser 2002-41, Cl 2A
4.565%, 07/25/32 (C)		15,100		14,143
FHLMC Structured Pass-Through Certificates, Ser 2002-48, Cl 1A
4.263%, 07/25/33 (C)		133,351		128,395
FHLMC Structured Pass-Through Certificates, Ser 2002-51, Cl 1A
6.500%, 09/25/43 (C)		101,356		103,384
FHLMC Structured Pass-Through Certificates, Ser 2002-51, Cl 2A
7.500%, 08/25/42 (C)		38,010		37,572
FHLMC Structured Pass-Through Certificates, Ser 2003-54, Cl 3A
7.000%, 02/25/43		293,955		301,312
FHLMC Structured Pass-Through Certificates, Ser 2003-57, Cl 1A2
7.000%, 07/25/43		15,764		16,534
FHLMC, Ser 1998-2084, Cl ZC
6.500%, 08/15/28		8,956		9,089
FHLMC, Ser 2001-2295, Cl BD
6.000%, 03/15/31		4,428		4,536
FHLMC, Ser 2003-2676, Cl PZ
5.500%, 09/15/33		22,976		23,704
FHLMC, Ser 2005-2944, Cl OH
5.500%, 03/15/35		106,079		110,077
FHLMC, Ser 2005-2957, Cl VZ
5.000%, 02/15/35		25,482		25,736
FHLMC, Ser 2006-3143, Cl BC
5.500%, 02/15/36		77,003		78,966
FHLMC, Ser 2006-3185, Cl GT
6.000%, 07/15/26		438		436
FHLMC, Ser 2007-3330, Cl GZ
5.500%, 06/15/37		2,192		2,261
FHLMC, Ser 2013-299, Cl F1
4.254%, SOFR30A + 0.614%, 01/15/43 (C)		106,208		104,944
FHLMC, Ser 2013-4283, Cl EW
4.500%, 12/15/43 (C)		83,226		82,489
FHLMC, Ser 2014-4319, Cl MA
4.500%, 03/15/44 (C)		156,442		155,042
FHLMC, Ser 2015-4440, Cl ZD
2.500%, 02/15/45		2,875,661		2,565,373

MORTGAGE-BACKED SECURITIES — continued

	Face Amount		Value
FNMA
7.000%, 12/01/37	$	147	$	155
7.000%, 08/01/32		65,971		69,591
7.000%, 11/01/29		13,152		13,874
6.506%, RFUCCT1Y + 1.815%, 07/01/41 (C)		25,514		26,484
6.500%, 04/01/55		446,237		463,509
6.500%, 01/01/54		756,261		784,163
6.500%, 01/01/49		4,352		4,549
6.500%, 10/01/39		25,738		27,245
6.500%, 08/01/39		11,509		12,230
6.500%, 10/01/38		8,697		9,241
6.500%, 03/01/38		2,575		2,729
6.500%, 02/01/38		2,502		2,628
6.500%, 12/01/37		9,776		10,387
6.500%, 11/01/37		618		648
6.500%, 03/01/35		100,261		103,995
6.500%, 05/01/33		1,217		1,262
6.500%, 12/01/32		4,564		4,745
6.500%, 08/01/32		11,389		11,808
6.413%, RFUCCT1Y + 1.556%, 06/01/44 (C)		26,807		27,763
6.413%, RFUCCT1Y + 1.790%, 06/01/38 (C)		2,862		2,976
6.380%, RFUCCT1Y + 1.691%, 11/01/36 (C)		4,123		4,209
6.360%, RFUCCT1Y + 1.610%, 10/01/47 (C)		27,076		27,897
6.358%, RFUCCT1Y + 1.601%, 10/01/48 (C)		73,640		76,371
6.337%, RFUCCT1Y + 1.685%, 06/01/42 (C)		4,392		4,526
6.330%, RFUCCT1Y + 1.580%, 09/01/44 (C)		972		1,007
6.303%, RFUCCT1Y + 1.590%, 07/01/44 (C)		67,732		70,328
6.299%, RFUCCT1Y + 1.698%, 04/01/44 (C)		48,550		50,690
6.284%, RFUCCT1Y + 1.580%, 04/01/44 (C)		77,178		79,882
6.272%, H15T1Y + 2.299%, 08/01/34 (C)		5,633		5,770
6.261%, RFUCCT1Y + 1.653%, 05/01/46 (C)		16,025		16,651
6.258%, RFUCCT1Y + 1.567%, 05/01/45 (C)		142,723		147,572
6.253%, RFUCCT1Y + 1.460%, 05/01/35 (C)		15,409		15,864
6.246%, RFUCCT1Y + 1.782%, 12/01/39 (C)		5,982		6,164
6.199%, RFUCCT1Y + 1.470%, 06/01/35 (C)		1,904		1,949
6.171%, RFUCCT1Y + 1.580%, 09/01/47 (C)		78,707		81,452

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

CATHOLIC RESPONSIBLE INVESTMENTS BOND FUND

APRIL 30, 2026 (Unaudited)

MORTGAGE-BACKED SECURITIES — continued

	Face Amount		Value
6.157%, RFUCCT1Y + 1.566%, 05/01/44 (C)	$	35,946	$	37,200
6.156%, RFUCCT1Y + 1.577%, 10/01/44 (C)		76,010		78,868
6.124%, H15T1Y + 1.999%, 09/01/34 (C)		323		330
6.118%, RFUCCT1Y + 1.580%, 11/01/44 (C)		8,926		9,276
6.107%, RFUCCT1Y + 1.567%, 08/01/43 (C)		2,166		2,240
6.096%, RFUCCT1Y + 1.553%, 01/01/45 (C)		14,722		15,253
6.078%, RFUCCT1Y + 1.620%, 11/01/48 (C)		149,210		154,681
6.000%, 07/01/39		37,636		38,848
6.000%, 05/01/38		20,563		21,564
6.000%, 08/01/37		46,259		48,071
6.000%, 07/01/37		15,215		15,915
6.000%, 03/01/37		6,498		6,814
6.000%, 09/01/36		31,614		32,690
6.000%, 03/01/36		3,412		3,492
6.000%, 11/01/35		6,608		6,803
6.000%, 07/01/35		2,754		2,860
6.000%, 04/01/35		28,573		29,526
6.000%, 04/01/34		6,931		7,121
6.000%, 03/01/34		100,223		103,176
6.000%, 12/01/33		1,764		1,814
6.000%, 11/01/33		1,990		2,031
6.000%, 12/01/32		2,171		2,227
5.975%, RFUCCT1Y + 1.600%, 12/01/44 (C)		16,102		16,705
5.935%, RFUCCT1Y + 1.564%, 01/01/44 (C)		5,516		5,633
5.855%, RFUCCT1Y + 1.590%, 12/01/44 (C)		68,370		70,791
5.830%, RFUCCT1Y + 1.580%, 02/01/44 (C)		9,576		9,931
5.795%, RFUCCT1Y + 1.551%, 02/01/44 (C)		6,448		6,677
5.500%, 11/01/55		994,080		1,003,231
5.500%, 09/01/53		1,604,577		1,629,110
5.500%, 02/01/38		1,931		1,931
5.500%, 04/01/37		65,489		66,483
5.500%, 09/01/36		5,610		5,699
5.500%, 10/01/35		30,572		31,393
5.500%, 04/01/35		85,328		87,519
5.500%, 11/01/33		3,350		3,402
5.500%, 06/01/33		18,728		19,202
5.500%, 11/01/29		1,686		1,696
5.000%, 11/01/54		1,835,160		1,827,389
5.000%, 03/01/49		145,911		146,098
5.000%, 12/01/48		115,193		115,756
5.000%, 08/01/40		9,724		9,851
5.000%, 09/01/39		25,893		25,991

MORTGAGE-BACKED SECURITIES — continued

	Face Amount		Value
4.500%, 03/01/52	$	276,938	$	267,502
4.500%, 06/01/48		215,568		211,558
4.500%, 07/01/47		64,300		63,612
4.500%, 02/01/46		437,682		434,290
4.500%, 09/01/45		35,900		35,344
4.500%, 02/01/45		155,109		152,704
4.500%, 10/01/44		18,970		18,676
4.500%, 09/01/43		5,690		5,602
4.500%, 01/01/43		378,612		374,726
4.500%, 07/01/42		139,486		138,445
4.500%, 01/01/42		40,057		39,758
4.500%, 12/01/41		21,805		21,616
4.500%, 11/01/41		18,896		18,739
4.500%, 09/01/41		9,464		9,323
4.500%, 08/01/41		11,159		11,052
4.500%, 05/01/41		706,481		699,876
4.500%, 06/01/36		14,722		14,612
4.500%, 09/01/31		21,554		21,559
4.500%, 06/01/31		5,939		5,929
4.500%, 01/01/31		47,701		47,572
4.500%, 08/01/26		261		261
4.000%, 01/01/57		4,932,504		4,642,454
4.000%, 10/01/52		2,122,922		2,003,039
4.000%, 08/01/52		1,017,702		959,163
4.000%, 04/01/52		1,294,863		1,226,621
4.000%, 10/01/51		1,167,253		1,095,334
4.000%, 04/01/48		1,291,610		1,231,239
4.000%, 03/01/46		2,767,096		2,649,796
4.000%, 01/01/37		228,383		223,899
4.000%, 11/01/35		40,217		39,471
4.000%, 01/01/35		671,000		659,407
4.000%, 10/01/34		276,177		272,759
4.000%, 06/01/34		370,086		364,354
4.000%, 03/01/34		146,745		144,539
4.000%, 11/01/33		245,718		242,275
4.000%, 10/01/33		30,476		29,899
4.000%, 10/01/32		23,710		23,420
4.000%, 09/01/31		68,784		68,111
4.000%, 12/01/30		97,745		96,867
4.000%, 11/01/30		71,577		70,919
3.704%, SOFR30A + 2.238%, 10/01/52 (C)		2,706,986		2,655,694
3.500%, 05/01/52		3,497,261		3,196,680
3.500%, 04/01/52		5,881,104		5,419,323
3.500%, 03/01/52		1,472,463		1,345,727
3.500%, 01/01/52		1,659,032		1,520,586
3.500%, 11/01/51		974,201		893,678
3.500%, 04/01/37		240,550		231,640
3.500%, 02/01/31		223,124		220,302
3.500%, 12/01/29		69,476		68,773
3.000%, 05/01/52		820,812		729,159
3.000%, 04/01/52		2,526,916		2,247,093
3.000%, 03/01/52		1,295,961		1,151,252

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

CATHOLIC RESPONSIBLE INVESTMENTS BOND FUND

APRIL 30, 2026 (Unaudited)

MORTGAGE-BACKED SECURITIES — continued

	Face Amount		Value
3.000%, 01/01/52	$	2,452,022	$	2,148,572
3.000%, 11/01/51		1,768,253		1,564,766
3.000%, 08/01/50		1,392,478		1,256,886
3.000%, 07/01/50		887,010		790,171
3.000%, 04/01/50		1,331,628		1,187,230
2.500%, 04/01/52		3,938,785		3,357,986
2.500%, 03/01/52		1,402,054		1,201,806
2.500%, 02/01/52		4,822,817		4,105,248
2.500%, 01/01/52		3,835,603		3,227,861
2.500%, 10/01/51		1,888,180		1,583,278
2.500%, 08/01/51		2,638,923		2,259,895
2.500%, 07/01/51		2,315,139		1,953,441
2.500%, 02/01/51		1,539,491		1,316,143
2.500%, 01/01/51		1,014,742		869,012
2.500%, 11/01/50		4,819,079		4,130,289
2.500%, 10/01/50		6,362,109		5,442,995
2.500%, 07/01/50		7,739,416		6,621,429
2.500%, 03/01/43		1,485,763		1,331,209
2.500%, 06/01/42		2,427,923		2,175,178
2.500%, 10/01/41		1,085,215		975,786
2.500%, 05/01/41		717,533		644,658
2.000%, 04/01/52		1,185,257		953,702
2.000%, 03/01/52		1,694,475		1,362,998
2.000%, 12/01/51		1,425,014		1,147,443
2.000%, 11/01/51		5,794,029		4,672,760
2.000%, 10/01/51		2,799,855		2,290,040
2.000%, 09/01/51		1,372,840		1,120,302
2.000%, 08/01/51		1,516,038		1,223,867
2.000%, 02/01/51		985,335		803,629
2.000%, 01/01/51		2,610,147		2,136,501
2.000%, 12/01/50		423,083		346,313
2.000%, 10/01/50		1,461,091		1,184,120
2.000%, 08/01/50		610,981		500,117
1.500%, 10/01/50		1,566,730		1,206,485
FNMA Grantor Trust, Ser 2000-T6, Cl A1
7.500%, 11/25/40		10,063		10,055
FNMA Grantor Trust, Ser 2001-T1, Cl A1
7.500%, 10/25/40		86,247		86,594
FNMA Grantor Trust, Ser 2001-T10, Cl A1
7.000%, 12/25/41		53,228		53,534
FNMA Grantor Trust, Ser 2001-T12, Cl A1
6.500%, 08/25/41		1,839		1,854
FNMA Grantor Trust, Ser 2001-T3, Cl A1
7.500%, 11/25/40		5,161		5,191
FNMA Grantor Trust, Ser 2001-T4, Cl A1
7.500%, 07/25/41		26,894		27,322

MORTGAGE-BACKED SECURITIES — continued

	Face Amount		Value
FNMA Grantor Trust, Ser 2001-T7, Cl A1
7.500%, 02/25/41	$	1,243	$	1,273
FNMA Grantor Trust, Ser 2001-T8, Cl A1
7.500%, 07/25/41		3,002		3,078
FNMA Grantor Trust, Ser 2004-T1, Cl 1A2
6.500%, 01/25/44		740		756
FNMA REMIC Trust, Ser 2001-W3, Cl A
4.536%, 09/25/41 (C)		45,234		45,385
FNMA REMIC Trust, Ser 2002-W6, Cl 2A
7.500%, 06/25/42 (C)		3,614		3,627
FNMA REMIC Trust, Ser 2002-W6, Cl 2A1
7.000%, 06/25/42 (C)		3,614		3,607
FNMA REMIC Trust, Ser 2003-W4, Cl 3A
4.395%, 10/25/42 (C)		42,636		42,920
FNMA REMIC Trust, Ser 2003-W4, Cl 4A
5.013%, 10/25/42 (C)		15,309		15,544
FNMA Trust, Ser 2003-W2, Cl 1A3
7.500%, 07/25/42		5,166		5,392
FNMA Trust, Ser 2004-W2, Cl 2A2
7.000%, 02/25/44		6,241		6,433
FNMA Trust, Ser 2004-W2, Cl 5A
7.500%, 03/25/44		1,996		2,057
FNMA, Ser 2001-2, Cl ZK
6.500%, 02/25/31		15,126		15,497
FNMA, Ser 2001-79, Cl BA
7.000%, 03/25/45		5,442		5,474
FNMA, Ser 2002-33, Cl A1
7.000%, 06/25/32		44,258		44,721
FNMA, Ser 2007-104, Cl ZE
6.000%, 08/25/37		10,772		11,140
FNMA, Ser 2007-21, Cl MT
5.750%, 03/25/37		2,333		2,383
FNMA, Ser 2009-11, Cl MP
7.000%, 03/25/49		3,716		3,986
FNMA, Ser 2010-136, Cl BA
3.500%, 12/25/30		82,066		80,709
FNMA, Ser 2010-49, Cl ZJ
4.500%, 05/25/40		30,353		30,191
FNMA, Ser 2012-132, Cl IK, IO
3.000%, 12/25/32		1,123,100		70,921

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

CATHOLIC RESPONSIBLE INVESTMENTS BOND FUND

APRIL 30, 2026 (Unaudited)

MORTGAGE-BACKED SECURITIES — continued

	Face Amount		Value
FNMA, Ser 2013-128, Cl CF
4.360%, SOFR30A + 0.714%, 12/25/43 (C)	$	188,378	$	186,998
FNMA, Ser 2014-1, Cl KF
4.360%, SOFR30A + 0.714%, 02/25/44 (C)		273,330		271,183
FNMA, Ser 2020-61, Cl NI, IO
3.500%, 09/25/50		2,533,707		408,784
FNMA, Ser 2025-114, Cl AE
4.500%, 01/25/56		961,493		949,570
FNMA, Ser M1G, Cl A2
1.517%, 11/25/30 (C)		1,925,000		1,705,059
FNMA, Ser M3G, Cl A2
1.286%, 01/25/31 (C)		2,000,000		1,754,864
GNMA
7.000%, 12/15/29		289		297
6.500%, 05/15/29		391		400
6.000%, 01/20/56		12,390,182		12,661,308
6.000%, 01/20/55		7,522,899		7,696,706
6.000%, 12/20/54		5,091,130		5,206,707
6.000%, 09/20/54		10,585,873		10,824,110
6.000%, 07/20/54		10,536,820		10,779,021
6.000%, 06/20/54		4,367,367		4,475,766
6.000%, 05/20/54		5,001,167		5,118,548
6.000%, 04/20/54		9,031,066		9,297,597
6.000%, 02/20/54		7,658,790		7,861,274
6.000%, 12/20/53		2,736,965		2,807,673
6.000%, 11/20/53		4,897,089		5,061,304
6.000%, 10/20/53		3,258,881		3,344,552
5.500%, 07/20/55		11,509,672		11,613,013
5.500%, 06/20/55		10,593,405		10,678,042
5.500%, 05/20/55		8,219,524		8,292,924
5.500%, 09/20/54		2,963,101		2,993,353
5.500%, 02/20/53		1,356,646		1,375,104
5.000%, 12/20/53		7,715,672		7,671,657
5.000%, 02/20/53		503,430		501,960
5.000%, 11/20/52		3,317,449		3,310,695
4.500%, 12/20/52		1,829,215		1,778,954
4.500%, 10/20/52		3,901,553		3,796,274
4.500%, 09/20/52		844,592		820,835
4.500%, 08/20/52		6,060,623		5,898,875
4.000%, 09/20/52		1,712,538		1,615,885
4.000%, 08/20/52		8,259,435		7,776,173
4.000%, 04/20/52		88,544		83,460
4.000%, 03/20/52		89,879		84,755
4.000%, 02/20/52		1,283,635		1,210,923
4.000%, 01/20/52		972,233		917,212
4.000%, 12/20/48		1,075,128		1,016,083
3.500%, 08/20/52		11,167,297		10,185,347
3.500%, 07/20/52		1,499,953		1,367,895
3.500%, 04/20/52		3,531,508		3,217,867
3.500%, 03/20/52		1,586,222		1,447,014
3.500%, 02/20/52		1,151,267		1,051,118

MORTGAGE-BACKED SECURITIES — continued

	Face Amount		Value
3.500%, 01/20/52	$	1,218,115	$	1,111,780
3.500%, 06/20/51		1,192,354		1,091,034
3.500%, 01/20/50		739,023		679,203
3.500%, 10/20/49		2,244,058		2,025,076
3.000%, 03/20/52		311,567		277,714
3.000%, 01/20/52		2,576,655		2,297,830
3.000%, 12/20/51		4,466,362		3,984,524
3.000%, 10/20/51		1,485,542		1,324,175
3.000%, 07/20/51		2,079,372		1,854,590
3.000%, 05/20/51		960,191		855,896
2.500%, 03/20/53		3,229,547		2,769,020
2.500%, 07/20/52		1,188,271		1,020,124
2.500%, 04/20/52		2,063,641		1,770,030
2.500%, 03/20/52		2,622,832		2,249,665
2.500%, 08/20/51		1,275,567		1,093,146
2.500%, 05/20/51		662,309		567,926
2.500%, 03/20/51		2,318,092		1,986,578
2.500%, 12/20/50		1,286,156		1,083,853
2.000%, 10/20/51		1,430,458		1,177,425
2.000%, 01/20/51		1,825,415		1,502,518
2.000%, 12/20/50		1,327,313		1,081,631
2.000%, 11/20/50		2,852,090		2,347,585
GNMA, Ser 2012-98, Cl BM
4.873%, 08/20/42 (C)		124,201		126,071
GNMA, Ser 2015-142, Cl KI, IO
4.500%, 04/20/45		1,591,461		254,588
GNMA, Ser 2016-84, Cl IB, IO
4.500%, 11/16/45		1,611,619		305,390
GNMA, Ser 2017-H17, Cl FQ
5.047%, TSFR12M + 0.985%, 09/20/67 (C)		575,527		579,993
GNMA, Ser 2017-H22, Cl FH
4.514%, TSFR12M + 0.935%, 11/20/67 (C)		344,052		345,691
GNMA, Ser 2017-H24, Cl FQ
4.527%, TSFR12M + 0.915%, 11/20/67 (C)		449,845		452,171
GNMA, Ser 2018-H04, Cl FK
4.246%, TSFR12M + 0.755%, 03/20/68 (C)		695,057		697,249
GNMA, Ser 2018-H05, Cl CF
4.266%, TSFR12M + 0.775%, 03/20/68 (C)		800,227		803,171
GNMA, Ser 2018-H05, Cl FE
4.276%, TSFR12M + 0.785%, 02/20/68 (C)		198,145		198,613
GNMA, Ser 2019-20, Cl IC, IO
5.000%, 02/20/49		1,487,776		310,351
GNMA, Ser 2019-H09, Cl FG
5.025%, TSFR12M + 1.065%, 05/20/69 (C)		247,019		250,450

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

CATHOLIC RESPONSIBLE INVESTMENTS BOND FUND

APRIL 30, 2026 (Unaudited)

MORTGAGE-BACKED SECURITIES — continued

	Face Amount		Value
GNMA, Ser 2019-H16, Cl CF
4.479%, TSFR1M + 0.814%, 10/20/69 (C)	$	270,556	$	270,679
GNMA, Ser 2020-H01, Cl FV
4.429%, TSFR1M + 0.764%, 01/20/70 (C)		3,252,495		3,263,318
GNMA, Ser 2020-H02, Cl FB
4.379%, TSFR1M + 0.714%, 01/20/70 (C)		450,747		449,482
GNMA, Ser 2022-H04, Cl FG
4.190%, SOFR30A + 0.550%, 02/20/67 (C)		585,507		585,566
GNMA, Ser 2022-H08, Cl FE
4.423%, SOFR30A + 0.750%, 03/20/72 (C)		1,889,449		1,894,627
GNMA, Ser 2022-H11, Cl EF
4.610%, SOFR30A + 0.970%, 05/20/72 (C)		2,260,542		2,282,773
GNMA, Ser 2023-H04, Cl FC
4.490%, SOFR30A + 0.850%, 01/20/73 (C)		1,890,902		1,901,053
GNMA, Ser 2023-H13, Cl FJ
5.060%, SOFR30A + 1.420%, 02/20/73 (C)		1,164,521		1,193,084
GNMA, Ser 29, Cl AE
3.500%, 05/16/64 (C)		2,859,176		2,731,757
				489,824,642
Non-Agency Mortgage-Backed Obligations — 8.2%
ALA Trust, Ser OANA, Cl A
5.398%, TSFR1M + 1.743%, 06/15/40 (B)(C)		310,000		311,163
Angel Oak Mortgage Trust, Ser 2025-5, Cl A1
5.573%, 04/25/70 (B)(E)		1,510,443		1,518,566
Angel Oak Mortgage Trust, Ser 2025-7, Cl A1
5.509%, 06/25/70 (B)(E)		6,058,352		6,087,584
Angel Oak Mortgage Trust, Ser 2025-8, Cl A1
5.410%, 07/25/70 (B)(E)		2,676,061		2,690,159
AREIT, Ser 2025-CRE11, Cl A
5.218%, TSFR1M + 1.550%, 07/25/43 (B)(C)		1,830,000		1,832,923
Bank, Ser BN19, Cl A3
3.183%, 08/15/61		925,000		877,523
BANK5, Ser 5YR10, Cl D
4.000%, 10/15/57 (B)		2,100,000		1,846,957
BANK5, Ser 5YR12, Cl D
4.000%, 12/15/57 (B)		1,160,000		1,016,470
Barclays Commercial Mortgage Trust, Ser 2019-C4, Cl C
3.469%, 08/15/52		1,300,000		1,073,783

MORTGAGE-BACKED SECURITIES — continued

	Face Amount		Value
BBCMS Mortgage Trust, Ser 2018-TALL, Cl A
4.574%, TSFR1M + 0.919%, 03/15/37 (B)(C)	$	1,840,000	$	1,738,800
BBCMS Mortgage Trust, Ser 2023-C19, Cl C
6.612%, 04/15/56 (C)		540,000		505,452
BBCMS Mortgage Trust, Ser C17, Cl C
5.450%, 09/15/55 (C)		2,200,000		2,069,234
BBCMS Mortgage Trust, Ser C32, Cl D
4.500%, 02/15/62 (B)		2,725,000		2,199,282
BBCMS Mortgage Trust, Ser C39, Cl C
6.111%, 12/15/58 (C)		1,825,000		1,788,720
BBCMS Trust, Ser 2015-SRCH, Cl A2
4.197%, 08/10/35 (B)		1,000,000		971,675
Benchmark Mortgage Trust, Ser 2019-B10, Cl E
3.000%, 03/15/62 (B)		1,260,000		797,833
Benchmark Mortgage Trust, Ser 2022-B35, Cl D
2.500%, 05/15/55 (B)		3,265,000		1,940,118
Benchmark Mortgage Trust, Ser B10, Cl C
3.750%, 03/15/62		1,260,000		1,029,826
Benchmark Mortgage Trust, Ser V7, Cl A3
6.228%, 05/15/56 (C)		400,000		416,378
BFLD Commercial Mortgage Trust, Ser 660F, Cl A
5.155%, TSFR1M + 1.500%, 11/15/42 (B)(C)		725,000		725,453
BINOM Mortgage Loan Trust, Ser 2026-NQM1, Cl A3
5.466%, 02/25/66 (B)(E)		1,620,000		1,613,843
BMO Mortgage Trust, Ser 2023-C7, Cl C
7.360%, 12/15/56 (C)		2,250,000		2,313,066
BMO Mortgage Trust, Ser 5C4, Cl C
7.252%, 05/15/57 (C)		1,900,000		1,940,451
BMO Mortgage Trust, Ser 5C5, Cl D
4.500%, 02/15/57 (B)		2,000,000		1,778,356
BRAVO Residential Funding Trust, Ser 2024-NQM7, Cl M1
6.384%, 10/27/64 (B)(C)		3,060,000		3,090,296
BRAVO Residential Funding Trust, Ser 2026-NQM4, Cl A3
5.641%, 03/25/66 (B)(E)		2,481,582		2,482,658

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

CATHOLIC RESPONSIBLE INVESTMENTS BOND FUND

APRIL 30, 2026 (Unaudited)

MORTGAGE-BACKED SECURITIES — continued

	Face Amount		Value
BRCK Trust, Ser 830B, Cl B
5.357%, 12/10/42 (B)(C)	$	2,970,000	$	2,962,370
BSPDF, Ser 2026-FL3, Cl A
5.111%, TSFR1M + 1.450%, 09/18/43 (B)(C)		1,900,000		1,899,992
BX Commercial Mortgage Trust, Ser 2022-AHP, Cl AS
5.145%, TSFR1M + 1.490%, 01/17/39 (B)(C)		2,459,790		2,459,022
BX Commercial Mortgage Trust, Ser VLT9, Cl A
5.355%, TSFR1M + 1.700%, 03/15/45 (B)(C)		1,830,000		1,826,569
BX Trust, Ser 2022-CLS, Cl B
6.300%, 10/13/27 (B)		2,100,000		2,093,915
BX Trust, Ser 2024-VLT4, Cl A
5.146%, TSFR1M + 1.491%, 06/15/41 (B)(C)		657,258		655,204
BX Trust, Ser ARIA, Cl C
5.701%, 12/13/42 (B)(C)		5,265,000		5,281,079
BX Trust, Ser DELC, Cl A
5.205%, TSFR1M + 1.550%, 12/15/42 (B)(C)		375,000		375,352
BX Trust, Ser VLT7, Cl A
5.355%, TSFR1M + 1.700%, 07/15/44 (B)(C)		1,540,000		1,538,075
Century Plaza Towers, Ser 2019-CPT, Cl A
2.865%, 11/13/39 (B)		675,000		624,927
Century Plaza Towers, Ser 2019-CPT, Cl B
3.097%, 11/13/39 (B)(C)		733,000		669,590
Century Plaza Towers, Ser 2019-CPT, Cl C
3.097%, 11/13/39 (B)(C)		500,000		449,382
Century Plaza Towers, Ser 2019-CPT, Cl E
3.097%, 11/13/39 (B)(C)		2,000,000		1,693,329
CHI Commercial Mortgage Trust, Ser 110W, Cl A
5.102%, 12/13/40 (B)(C)		6,900,000		6,861,565
CHI Commercial Mortgage Trust, Ser SFT, Cl A
5.665%, 04/15/42 (B)(C)		155,000		157,191
COMM Mortgage Trust, Ser 2022-HC, Cl A
2.819%, 01/10/39 (B)		1,390,000		1,353,279
COMM Mortgage Trust, Ser 2022-HC, Cl C
3.376%, 01/10/39 (B)		1,570,000		1,500,634
COMM Mortgage Trust, Ser CBM, Cl A2
5.867%, 12/10/41 (B)(C)		180,000		180,169

MORTGAGE-BACKED SECURITIES — continued

	Face Amount		Value
Connecticut Avenue Securities Trust, Ser 2022-R02, Cl 2B1
8.145%, SOFR30A + 4.500%, 01/25/42 (B)(C)	$	3,170,000	$	3,242,308
Connecticut Avenue Securities Trust, Ser 2022-R02, Cl 2M2
6.645%, SOFR30A + 3.000%, 01/25/42 (B)(C)		2,158,744		2,185,616
Connecticut Avenue Securities Trust, Ser 2022-R05, Cl 2B1
8.145%, SOFR30A + 4.500%, 04/25/42 (B)(C)		2,960,000		3,055,282
Connecticut Avenue Securities Trust, Ser 2023-R03, Cl 2M2
7.545%, SOFR30A + 3.900%, 04/25/43 (B)(C)		1,300,000		1,358,848
CSAIL 2021-C20 Commercial Mortgage Trust, Ser C20, Cl AS
3.076%, 03/15/54 (C)		1,180,000		1,046,976
CSAIL Commercial Mortgage Trust, Ser 2019-C16, Cl C
4.237%, 06/15/52 (C)		1,900,000		1,792,808
CSMC OA, Ser 2014-USA, Cl A2
3.953%, 09/15/37 (B)		1,230,000		1,145,276
CSMC Trust, Ser 2021-NQM5, Cl M1
2.168%, 05/25/66 (B)(C)		1,310,000		844,306
DC Commercial Mortgage Trust, Ser DC, Cl A
6.314%, 09/12/40 (B)		820,000		837,398
DC Commercial Mortgage Trust, Ser DC, Cl C
7.379%, 09/12/40 (B)(C)		1,030,000		1,040,659
DLIC Re-REMIC Trust, Ser FRR1, Cl A111
2.238%, 04/27/53 (B)(C)		1,770,000		1,534,901
DLIC Re-REMIC Trust, Ser FRR1, Cl A120
2.590%, 09/27/53 (B)(C)		1,770,000		1,534,736
DLIC Re-REMIC Trust, Ser FRR1, Cl B104
1.867%, 12/27/52 (B)(C)		1,770,000		1,530,434
Extended Stay America Trust, Ser ESH, Cl A
4.955%, TSFR1M + 1.300%, 10/15/42 (B)(C)		216,705		216,975
Extended Stay America Trust, Ser ESH2, Cl A
4.855%, TSFR1M + 1.200%, 02/15/43 (B)(C)		771,029		771,752
FASST, Ser 2022-S4, Cl A2A
3.000%, 01/25/57 (B)		2,686,840		2,767,630

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

CATHOLIC RESPONSIBLE INVESTMENTS BOND FUND

APRIL 30, 2026 (Unaudited)

MORTGAGE-BACKED SECURITIES — continued

	Face Amount		Value
FREMF Mortgage Trust, Ser 2017-K69, Cl C
3.854%, 10/25/49 (B)(C)	$	2,788,000	$	2,727,795
FREMF Mortgage Trust, Ser 2018-K83, Cl C
4.423%, 11/25/51 (B)(C)		2,890,000		2,838,432
GAM RE-REMIC Trust, Ser 2021-FRR2, Cl AK74, PO
0.000%, 09/27/51 (B)		2,400,000		2,174,608
GS Mortgage Securities Trust, Ser 2013-PEMB, Cl A
3.668%, 03/05/33 (B)(C)		110,000		87,451
GS Mortgage-Backed Securities Trust, Ser 2020-NQM1, Cl B1
5.143%, 09/27/60 (B)(C)		1,120,000		1,079,389
Hudson Yards Mortgage Trust, Ser 2016-10HY, Cl A
2.835%, 08/10/38 (B)		1,750,000		1,740,097
Hudson Yards Mortgage Trust, Ser 2019-55HY, Cl A
2.943%, 12/10/41 (B)(C)		1,000,000		937,572
INT Commercial Mortgage Trust, Ser PLAZA, Cl A
5.042%, 11/05/37 (B)(C)		800,000		799,195
Jackson Park Trust, Ser 2019-LIC, Cl A
2.766%, 10/14/39 (B)		1,000,000		916,921
JP Morgan Chase Commercial Mortgage Securities Trust, Ser BMS, Cl A
5.255%, TSFR1M + 1.600%, 01/15/42 (B)(C)		840,000		838,950
JP Morgan Mortgage Trust Series, Ser 2025-NQM4, Cl A1F
4.845%, SOFR30A + 1.200%, 03/25/66 (B)(C)		2,740,948		2,738,342
JP Morgan Mortgage Trust, Ser 2026-ACES1, Cl A2
5.161%, 04/25/66 (B)(C)		1,610,000		1,591,220
JPMBB Commercial Mortgage Securities Trust, Ser 2015-C28, Cl C
4.427%, 10/15/48 (C)		767,816		757,849
MAD Commercial Mortgage Trust, Ser 11MD, Cl C
5.818%, 10/15/42 (B)(C)		870,000		876,133
NW RE-REMIC TRUST, Ser 2021-FRR1, Cl AK88
2.769%, 12/18/51 (B)(C)		2,500,000		2,260,194
NXPA Re-REMIC Trust, Ser FRR1, Cl A, PO
0.000%, 12/27/49 (B)		4,170,000		3,999,776

MORTGAGE-BACKED SECURITIES — continued

	Face Amount		Value
NYC Commercial Mortgage Trust, Ser 11X, Cl D
6.846%, TSFR1M + 3.191%, 10/15/40 (B)(C)	$	1,000,000	$	1,003,125
NYC Commercial Mortgage Trust, Ser 300P, Cl A
4.879%, 07/13/42 (B)(C)		2,550,000		2,536,539
OBX Trust, Ser 2022-NQM1, Cl M1
3.504%, 11/25/61 (B)(C)		1,010,000		748,920
One Bryant Park Trust, Ser 2019-OBP, Cl A
2.516%, 09/15/54 (B)		3,385,000		3,133,191
Onslow Bay Mortgage Loan Trust, Ser 2021-NQM4, Cl M1
3.248%, 10/25/61 (B)		1,750,000		1,246,529
OWS Real Estate Finance, Ser MARG2, Cl A
7.750%, TSFR1M + 4.000%, 08/15/34 (B)(C)		4,540,000		4,541,430
PENN Commercial Mortgage Trust, Ser P11, Cl A
5.522%, 08/10/42 (B)(C)		2,200,000		2,234,653
PMT Loan Trust, Ser 2025-INV11, Cl A36
4.995%, SOFR30A + 1.350%, 11/25/56 (B)(C)		5,087,653		5,110,119
PTCM Re-REMIC Trust, Ser FRR1, Cl A157
3.864%, 07/25/60 (B)(C)		1,505,000		1,320,600
PTCM Re-REMIC Trust, Ser FRR1, Cl A162
3.985%, 02/25/61 (B)(C)		1,759,800		1,534,704
PTCM Re-REMIC Trust, Ser FRR1, Cl A169
4.980%, 03/25/62 (B)(C)		765,000		706,166
RFM Reremic Trust, Ser 2024-FRR2, Cl A123
2.015%, 02/27/54 (B)(C)		2,800,000		2,342,648
SBAP, Ser 2007-20C, Cl 1
5.230%, 03/01/27		237		233
SFAVE Commercial Mortgage Securities Trust, Ser 2015-5AVE, Cl A1
3.872%, 01/05/43 (B)(C)		915,000		797,798
SFAVE Commercial Mortgage Securities Trust, Ser 2015-5AVE, Cl A2B
4.144%, 01/05/43 (B)(C)		4,647,000		4,066,179
SHOPS Commercial Mortgage Trust, Ser CSTL, Cl A
4.971%, 05/15/39 (B)(C)		1,000,000		1,000,000

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

CATHOLIC RESPONSIBLE INVESTMENTS BOND FUND

APRIL 30, 2026 (Unaudited)

MORTGAGE-BACKED SECURITIES — continued

	Face Amount		Value
SLG Office Trust, Ser 2021-OVA, Cl C
2.851%, 07/15/41 (B)	$	2,500,000	$	2,212,461
SLG Office Trust, Ser OMA, Cl A
4.965%, 04/15/41 (B)(C)		6,060,000		6,081,894
SLG Office Trust, Ser OMA, Cl C
5.452%, 04/15/41 (B)(C)		4,870,000		4,889,438
STWD Mortgage Trust, Ser 2021-LIH, Cl AS
5.026%, TSFR1M + 1.371%, 11/15/36 (B)(C)		1,000,000		998,299
TCO Commercial Mortgage Trust, Ser DPM, Cl A
4.898%, TSFR1M + 1.243%, 12/15/39 (B)(C)		510,000		510,000
Vendee Mortgage Trust, Ser 2011-2, Cl DZ
3.750%, 10/15/41		1,106,985		1,032,982
Verus Securitization Trust, Ser 2021-1, Cl A1
0.815%, 01/25/66 (B)(C)		2,956,566		2,695,294
Verus Securitization Trust, Ser 2021-2, Cl M1
2.187%, 02/25/66 (B)(C)		2,910,000		2,425,312
Verus Securitization Trust, Ser 2021-4, Cl M1
2.195%, 07/25/66 (B)(C)		1,400,000		1,003,141
Verus Securitization Trust, Ser 2021-5, Cl A2
1.218%, 09/25/66 (B)(C)		1,644,907		1,426,289
Verus Securitization Trust, Ser 2021-5, Cl A3
1.373%, 09/25/66 (B)(C)		1,632,723		1,419,285
Verus Securitization Trust, Ser 2021-R3, Cl M1
2.411%, 04/25/64 (B)(C)		2,745,000		2,530,085
Verus Securitization Trust, Ser 2024-3, Cl A2
6.642%, 04/25/69 (B)(E)		1,534,126		1,547,650
Verus Securitization Trust, Ser 2024-9, Cl M1
6.198%, 11/25/69 (B)(C)		1,820,000		1,824,764
Verus Securitization Trust, Ser 2025-1, Cl A2
5.773%, 01/25/70 (B)(E)		1,698,068		1,704,459
Verus Securitization Trust, Ser 2025-1, Cl A3
5.976%, 01/25/70 (B)(E)		1,512,342		1,519,039
Verus Securitization Trust, Ser 2025-2, Cl A3
5.662%, 03/25/70 (B)(E)		2,505,374		2,510,356
Verus Securitization Trust, Ser 2025-3, Cl A1
5.623%, 05/25/70 (B)(E)		989,435		996,871

MORTGAGE-BACKED SECURITIES — continued

	Face Amount		Value
Verus Securitization Trust, Ser 2025-8, Cl A1
4.869%, 09/25/70 (B)(C)	$	851,528	$	848,708
Verus Securitization Trust, Ser 2026-1, Cl A3
5.218%, 01/25/71 (B)(E)		3,174,953		3,162,626
Verus SecuritizationTrust, Ser 2026-4, Cl A3
5.476%, 04/25/71 (B)(E)		4,205,000		4,194,952
WB Commercial Mortgage Trust, Ser 2024-HQ, Cl A
6.134%, 03/15/40 (B)(C)		500,000		500,613
Wells Fargo Commercial Mortgage Trust, Ser 2019-C52, Cl C
3.561%, 08/15/52		1,100,000		936,800
Wells Fargo Commercial Mortgage Trust, Ser 2022-C62, Cl A4
4.000%, 04/15/55 (C)		420,000		400,039
Wells Fargo Commercial Mortgage Trust, Ser 2024-SVEN, Cl A
6.011%, 06/10/37 (B)		1,800,000		1,834,384
Wells Fargo Commercial Mortgage Trust, Ser 609M, Cl A
5.197%, TSFR1M + 1.542%, 08/15/42 (B)(C)		500,000		500,000
Wells Fargo Commercial Mortgage Trust, Ser C66, Cl C
6.251%, 04/15/59 (C)		765,000		764,571
WHARF Commercial Mortgage Trust, Ser DC, Cl D
6.833%, 07/15/40 (B)(C)		1,000,000		1,036,900
				212,338,088
Total Mortgage-Backed Securities
(Cost $719,296,095)				702,162,730

ASSET-BACKED SECURITIES — 10.9%

Automotive — 7.3%
Ally Auto Receivables Trust, Ser 2025-1, Cl A3
3.960%, 03/15/30	$	355,000	$	354,402
Ally Auto Receivables Trust, Ser 2026-1, Cl A3
3.920%, 10/15/30		305,000		303,018
American Credit Acceptance Receivables Trust, Ser 2023-4, Cl D
7.650%, 09/12/30 (B)		1,155,000		1,185,497

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

CATHOLIC RESPONSIBLE INVESTMENTS BOND FUND

APRIL 30, 2026 (Unaudited)

ASSET-BACKED SECURITIES — continued

	Face Amount		Value
American Credit Acceptance Receivables Trust, Ser 2024-1, Cl D
5.860%, 05/13/30 (B)	$	4,560,000	$	4,609,079
American Credit Acceptance Receivables Trust, Ser 2025-2, Cl C
5.110%, 04/14/31 (B)		525,000		528,190
American Credit Acceptance Receivables Trust, Ser 2025-4, Cl D
5.250%, 09/12/31 (B)		3,980,000		3,974,918
American Credit Acceptance Receivables Trust, Ser 2026-1, Cl C
4.550%, 01/12/33 (B)		1,490,000		1,482,094
American Credit Acceptance Receivables Trust, Ser 2026-1, Cl D
5.100%, 01/12/33 (B)		2,465,000		2,449,009
American Credit Acceptance Receivables Trust, Ser 2026-2, Cl C
4.850%, 05/10/32 (B)		765,000		763,413
AutoNation Finance Trust, Ser 2025-1A, Cl A3
4.620%, 11/13/29 (B)		370,000		371,543
AutoNation Finance Trust, Ser 2026-1A, Cl A3
4.030%, 08/12/30 (B)		285,000		283,983
Avis Budget Rental Car Funding AESOP, Ser 2026-1A, Cl A
4.280%, 08/20/30 (B)		425,000		420,708
Avis Budget Rental Car Funding, Ser 2024-1A, Cl A
5.360%, 06/20/30 (B)		1,495,000		1,525,058
Avis Budget Rental Car Funding, Ser 2025-2A, Cl A
5.120%, 08/20/31 (B)		550,000		557,529
BMW Vehicle Lease Trust, Ser 2024-2, Cl A3
4.180%, 10/25/27		512,432		512,741
BMW Vehicle Lease Trust, Ser 2025-1, Cl A3
4.430%, 06/26/28		285,000		286,074
BofA Auto Trust, Ser 2025-1A, Cl A3
4.350%, 11/20/29 (B)		255,000		255,604
Bridgecrest Lending Auto Securitization Trust, Ser 2024-3, Cl B
5.370%, 10/16/28		579,281		580,616

ASSET-BACKED SECURITIES — continued

	Face Amount		Value
Bridgecrest Lending Auto Securitization Trust, Ser 2025-2, Cl A3
4.780%, 12/15/28	$	820,000	$	822,130
Bridgecrest Lending Auto Securitization Trust, Ser 2025-2, Cl D
5.620%, 03/17/31		7,915,000		8,011,759
Bridgecrest Lending Auto Securitization Trust, Ser 2025-3, Cl A3
4.660%, 01/15/29		370,000		370,987
Bridgecrest Lending Auto Securitization Trust, Ser 2026-1, Cl A3
4.040%, 12/17/29		305,000		304,393
Bridgecrest Lending Auto Securitization Trust, Ser 2026-2, Cl D
5.190%, 02/17/32		2,860,000		2,857,886
CarMax Auto Owner Trust, Ser 2024-3, Cl A3
4.890%, 07/16/29		784,080		789,046
CarMax Auto Owner Trust, Ser 2024-4, Cl A3
4.600%, 10/15/29		1,475,000		1,482,461
CarMax Auto Owner Trust, Ser 2025-2, Cl A3
4.480%, 03/15/30		480,000		482,114
CarMax Auto Owner Trust, Ser 2025-4, Cl A3
3.970%, 12/16/30		455,000		452,291
CarMax Auto Owner Trust, Ser 2026-2, Cl A3
4.220%, 06/16/31		395,000		394,950
CarMax Select Receivables Trust, Ser 2025-A, Cl A3
4.770%, 09/17/29		745,000		750,015
Carvana Auto Receivables Trust, Ser 2024-P4, Cl A3
4.640%, 01/10/30		210,608		211,332
Carvana Auto Receivables Trust, Ser 2025-P2, Cl A4
4.750%, 06/10/31		1,005,000		1,011,398
Carvana Auto Receivables Trust, Ser 2025-P3, Cl A3
4.040%, 11/11/30		580,000		577,718
Consumer Portfolio Services Auto Trust, Ser 2025-B, Cl D
5.560%, 07/15/31 (B)		2,505,000		2,528,754
Consumer Portfolio Services Auto Trust, Ser 2025-D, Cl D
5.450%, 02/17/32 (B)		2,745,000		2,764,756

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

CATHOLIC RESPONSIBLE INVESTMENTS BOND FUND

APRIL 30, 2026 (Unaudited)

ASSET-BACKED SECURITIES — continued

	Face Amount		Value
CPS Auto Receivables Trust, Ser 2024-B, Cl D
6.420%, 07/15/30 (B)	$	2,965,000	$	3,026,171
CPS Auto Receivables Trust, Ser 2026-B, Cl D
5.200%, 07/15/32 (B)		4,430,000		4,416,717
Credit Acceptance Auto Loan Trust, Ser 2024-3A, Cl A
4.680%, 09/15/34 (B)		2,275,000		2,278,968
Credit Acceptance Auto Loan Trust, Ser 2025-1A, Cl A
5.020%, 03/15/35 (B)		925,000		929,829
Credit Acceptance Auto Loan Trust, Ser 2025-2A, Cl B
4.870%, 01/15/36 (B)		375,000		375,832
Credit Acceptance Auto Loan Trust, Ser 2026-1A, Cl A
4.650%, 04/15/36 (B)		445,000		444,273
Drive Auto Receivables Trust, Ser 2024-2, Cl B
4.520%, 07/16/29		765,000		766,419
Drive Auto Receivables Trust, Ser 2025-2, Cl D
4.900%, 12/15/32		3,905,000		3,886,378
Drive Auto Receivables Trust, Ser 2025-S1, Cl R2
6.260%, 06/16/29 (B)		4,311,969		4,338,382
Enterprise Fleet Financing, Ser 2024-3, Cl A4
5.060%, 03/20/31 (B)		840,000		850,745
Enterprise Fleet Financing, Ser 2025-1, Cl A3
4.820%, 02/20/29 (B)		335,000		337,636
Enterprise Fleet Financing, Ser 2025-3, Cl A3
4.460%, 09/20/29 (B)		865,000		867,382
Exeter Automobile Receivables Trust, Ser 2022-5A, Cl D
7.400%, 02/15/29		2,827,667		2,866,725
Exeter Automobile Receivables Trust, Ser 2023-4A, Cl D
6.950%, 12/17/29		1,100,000		1,121,624
Exeter Automobile Receivables Trust, Ser 2024-1A, Cl D
5.840%, 06/17/30		4,215,000		4,268,724
Exeter Automobile Receivables Trust, Ser 2024-2A, Cl D
5.920%, 02/15/30		2,850,000		2,894,907
Exeter Automobile Receivables Trust, Ser 2024-4A, Cl C
5.480%, 08/15/30		700,000		706,707
Exeter Automobile Receivables Trust, Ser 2025-2A, Cl A3
4.740%, 01/16/29		904,493		905,845

ASSET-BACKED SECURITIES — continued

	Face Amount		Value
Exeter Automobile Receivables Trust, Ser 2025-4A, Cl A3
4.390%, 09/17/29	$	145,000	$	145,263
Exeter Automobile Receivables Trust, Ser 2025-5A, Cl D
5.160%, 03/15/32		2,685,000		2,692,581
Exeter Automobile Receivables Trust, Ser 2026-1A, Cl D
5.000%, 05/17/32		2,045,000		2,024,729
Exeter Automobile Receivables Trust, Ser 2026-2A, Cl A3
4.450%, 05/15/30		560,000		561,588
Exeter Automobile Receivables Trust, Ser 2026-2A, Cl D
5.510%, 08/16/32		4,400,000		4,429,095
Exeter Select Automobile Receivables Trust, Ser 2025-1, Cl A3
4.690%, 04/15/30		210,000		210,914
First Investors Auto Owner Trust, Ser 2025-1A, Cl C
4.750%, 12/15/31 (B)		725,000		724,528
First Investors Auto Owner Trust, Ser 2026-1A, Cl A3
4.500%, 05/15/31 (B)		865,000		864,512
Flagship Credit Auto Trust, Ser 2021-2, Cl D
1.590%, 06/15/27 (B)		1,730,004		1,720,345
Ford Credit Auto Lease Trust, Ser 2025-A, Cl A3
4.720%, 06/15/28		420,000		421,733
Ford Credit Auto Owner Trust, Ser 2024-B, Cl A3
5.100%, 04/15/29		974,186		981,493
GLS Auto Receivables Issuer Trust, Ser 2023-1A, Cl D
7.010%, 01/16/29 (B)		1,327,839		1,346,121
GLS Auto Receivables Issuer Trust, Ser 2023-2A, Cl D
6.310%, 03/15/29 (B)		2,341,000		2,381,254
GLS Auto Receivables Issuer Trust, Ser 2024-1A, Cl D
5.950%, 12/17/29 (B)		1,210,000		1,230,839
GLS Auto Receivables Issuer Trust, Ser 2024-3A, Cl B
5.080%, 01/16/29 (B)		365,000		366,233
GLS Auto Receivables Issuer Trust, Ser 2024-4A, Cl A3
4.750%, 07/17/28 (B)		192,352		192,544
GLS Auto Receivables Issuer Trust, Ser 2025-1A, Cl D
5.610%, 11/15/30 (B)		6,100,000		6,196,938

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

CATHOLIC RESPONSIBLE INVESTMENTS BOND FUND

APRIL 30, 2026 (Unaudited)

ASSET-BACKED SECURITIES — continued

	Face Amount		Value
GLS Auto Receivables Issuer Trust, Ser 2025-2A, Cl C
5.110%, 01/15/31 (B)	$	310,000	$	312,018
GLS Auto Receivables Issuer Trust, Ser 2025-3A, Cl D
5.160%, 06/16/31 (B)		2,020,000		2,021,274
GLS Auto Receivables Issuer Trust, Ser 2025-4A, Cl A3
4.290%, 07/16/29 (B)		280,000		279,990
GLS Auto Receivables Issuer Trust, Ser 2025-4A, Cl D
5.130%, 08/15/31 (B)		4,600,000		4,591,765
GLS Auto Receivables Issuer Trust, Ser 2026-1A, Cl A3
3.970%, 11/15/29 (B)		335,000		333,667
GLS Auto Receivables Issuer Trust, Ser 2026-1A, Cl D
5.020%, 12/15/31 (B)		4,800,000		4,770,380
GLS Auto Receivables Issuer Trust, Ser 2026-2A, Cl B
4.630%, 09/16/30 (B)		395,000		394,960
GLS Auto Select Receivables Trust, Ser 2024-4A, Cl A2
4.430%, 12/17/29 (B)		194,964		195,301
GLS Auto Select Receivables Trust, Ser 2025-1A, Cl A2
4.710%, 04/15/30 (B)		274,917		275,848
GLS Auto Select Receivables Trust, Ser 2025-3A, Cl A2
4.460%, 10/15/30 (B)		298,909		299,047
GLS Auto Select Receivables Trust, Ser 2025-4A, Cl A2
4.170%, 02/18/31 (B)		283,187		282,600
GLS Auto Select Receivables Trust, Ser 2026-1A, Cl A2
4.050%, 02/17/32 (B)		265,000		264,074
GM Financial Automobile Leasing Trust, Ser 2025-1, Cl A3
4.660%, 02/21/28		570,000		572,517
GM Financial Automobile Leasing Trust, Ser 2025-3, Cl A3
4.170%, 08/21/28		810,000		810,590
Hertz Vehicle Financing III, Ser 2023-2A, Cl A
5.570%, 09/25/29 (B)		2,000,000		2,038,524
Hertz Vehicle Financing III, Ser 2024-1A, Cl A
5.440%, 01/25/29 (B)		1,115,000		1,129,038
Hertz Vehicle Financing, Ser 2022-2A, Cl A
2.330%, 06/26/28 (B)		1,235,000		1,210,919

ASSET-BACKED SECURITIES — continued

	Face Amount		Value
Hyundai Auto Lease Securitization Trust, Ser 2026-A, Cl A3
3.970%, 12/15/28 (B)	$	840,000	$	837,084
Hyundai Auto Receivables Trust, Ser 2025-B, Cl A3
4.360%, 12/17/29		360,000		361,275
LAD Auto Receivables Trust, Ser 2024-3A, Cl A3
4.520%, 03/15/29 (B)		288,654		289,226
LAD Auto Receivables Trust, Ser 2025-1A, Cl A3
4.690%, 07/16/29 (B)		910,000		912,818
LAD Auto Receivables Trust, Ser 2025-2A, Cl A3
4.250%, 01/15/30 (B)		970,000		969,870
M&T Bank Auto Receivables Trust, Ser 2025-1A, Cl A3
4.730%, 06/17/30 (B)		290,000		291,886
NextGear Floorplan Master Owner Trust, Ser 2025-2A, Cl A2
4.230%, 10/15/30 (B)		500,000		497,159
NextGear Floorplan Master Owner Trust, Ser 2026-1A, Cl A2
4.070%, 02/15/31 (B)		1,445,000		1,434,172
Octane Receivables Trust, Ser 2023-1A, Cl C
6.370%, 09/20/29 (B)		895,000		903,542
Octane Receivables Trust, Ser 2023-2A, Cl C
6.240%, 06/20/31 (B)		3,580,000		3,616,374
Octane Receivables Trust, Ser 2024-2A, Cl D
6.190%, 07/20/32 (B)		1,560,000		1,588,495
Octane Receivables Trust, Ser 2024-3A, Cl D
5.860%, 10/20/31 (B)		1,950,000		1,969,548
Octane Receivables Trust, Ser 2024-RPT1, Cl R1
6.680%, 02/22/30		1,824,000		1,824,000
Octane Receivables Trust, Ser 2025-1A, Cl A2
4.250%, 02/20/31 (B)		930,000		929,634
PenFed Auto Receivables Owner Trust, Ser 2024-A, Cl A3
4.700%, 06/15/29 (B)		273,344		274,074
Santander Drive Auto Receivables Trust, Ser 2023-1, Cl C
5.090%, 05/15/30		3,038,014		3,055,295

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

CATHOLIC RESPONSIBLE INVESTMENTS BOND FUND

APRIL 30, 2026 (Unaudited)

ASSET-BACKED SECURITIES — continued

	Face Amount		Value
Santander Drive Auto Receivables Trust, Ser 2024-2, Cl D
6.280%, 08/15/31	$	3,730,000	$	3,832,166
Santander Drive Auto Receivables Trust, Ser 2024-3, Cl D
5.970%, 10/15/31		3,200,000		3,268,310
Santander Drive Auto Receivables Trust, Ser 2024-4, Cl A3
4.850%, 01/16/29		2,036		2,040
Santander Drive Auto Receivables Trust, Ser 2025-2, Cl A3
4.670%, 08/15/29		690,000		692,254
Santander Drive Auto Receivables Trust, Ser 2025-4, Cl A3
4.170%, 04/15/30		595,000		594,690
Santander Drive Auto Receivables Trust, Ser 2025-4, Cl D
4.950%, 01/15/32		1,050,000		1,044,943
Santander Drive Auto Receivables Trust, Ser 2026-1, Cl D
4.750%, 04/15/32		1,575,000		1,551,682
SBNA Auto Lease Trust, Ser 2024-C, Cl A3
4.560%, 02/22/28 (B)		113,089		113,258
SBNA Auto Receivables Trust, Ser 2024-A, Cl D
6.040%, 04/15/30 (B)		2,155,000		2,190,560
SFS Auto Receivables Securitization Trust, Ser 2024-3A, Cl A3
4.550%, 06/20/30 (B)		250,570		251,400
SFS Auto Receivables Securitization Trust, Ser 2025-1A, Cl A3
4.750%, 07/22/30 (B)		285,000		286,618
SFS Auto Receivables Securitization Trust, Ser 2025-2A, Cl A3
4.440%, 12/20/30 (B)		1,000,000		1,002,516
Stellantis Financial Underwritten Enhanced Lease Trust 2025-C, Ser 2025-CA, Cl A3
4.110%, 04/20/29 (B)		1,645,000		1,638,374
Stellantis Financial Underwritten Enhanced Lease Trust, Ser 2025-BA, Cl A3
4.270%, 01/22/29 (B)		930,000		930,441

ASSET-BACKED SECURITIES — continued

	Face Amount		Value
Tesla Auto Lease Trust, Ser 2024-A, Cl A3
5.300%, 06/21/27 (B)	$	248,868	$	249,269
Tesla Electric Vehicle Trust, Ser 2023-1, Cl A4
5.380%, 02/20/29 (B)		900,000		910,689
Toyota Auto Receivables Owner Trust, Ser 2026-B, Cl A2A
4.040%, 02/15/29		510,000		509,933
Toyota Lease Owner Trust, Ser 2025-B, Cl A3
3.960%, 11/20/28 (B)		680,000		677,505
USB Auto Owner Trust, Ser 2025-1A, Cl A3
4.490%, 06/17/30 (B)		145,000		145,457
Veros Auto Receivables Trust, Ser 2026-1, Cl A
4.530%, 08/15/28 (B)		169,368		169,401
Westlake Automobile Receivables Trust, Ser 2023-1A, Cl D
6.790%, 11/15/28 (B)		1,925,000		1,954,907
Westlake Automobile Receivables Trust, Ser 2023-2A, Cl D
7.010%, 11/15/28 (B)		2,340,000		2,370,844
Westlake Automobile Receivables Trust, Ser 2024-1A, Cl D
6.020%, 10/15/29 (B)		2,010,000		2,048,580
Westlake Automobile Receivables Trust, Ser 2024-2A, Cl D
5.910%, 04/15/30 (B)		1,005,000		1,023,742
Westlake Automobile Receivables Trust, Ser 2024-3A, Cl A3
4.710%, 04/17/28 (B)		480,000		480,775
Westlake Automobile Receivables Trust, Ser 2025-1A, Cl A3
4.750%, 08/15/28 (B)		1,310,000		1,314,742
Westlake Automobile Receivables Trust, Ser 2025-1A, Cl D
5.540%, 11/15/30 (B)		3,570,000		3,614,823
Westlake Automobile Receivables Trust, Ser 2025-2A, Cl A3
4.510%, 05/15/29 (B)		285,000		285,886
Westlake Automobile Receivables Trust, Ser 2025-3A, Cl A3
4.220%, 06/15/29 (B)		430,000		430,414

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

CATHOLIC RESPONSIBLE INVESTMENTS BOND FUND

APRIL 30, 2026 (Unaudited)

ASSET-BACKED SECURITIES — continued

	Face Amount		Value
Westlake Automobile Receivables Trust, Ser 2026-1A, Cl A3
4.010%, 07/16/29 (B)	$	625,000	$	623,608
Westlake Automobile Receivables Trust, Ser 2026-1A, Cl D
4.750%, 07/15/31 (B)		3,100,000		3,072,326
Wheels Fleet Lease Funding 1, Ser 2024-2A, Cl A1
4.870%, 06/21/39 (B)		295,912		297,879
Wheels Fleet Lease Funding 1, Ser 2024-3A, Cl A1
4.800%, 09/19/39 (B)		529,251		532,390
Wheels Fleet Lease Funding 1, Ser 2025-3A, Cl A1
4.080%, 09/18/40 (B)		535,000		532,492
World Omni Auto Receivables Trust, Ser 2024-C, Cl A3
4.430%, 12/17/29		499,670		500,885
World Omni Auto Receivables Trust, Ser 2025-C, Cl A3
4.080%, 11/15/30		1,060,000		1,056,658
World Omni Select Auto Trust, Ser 2024-A, Cl A3
4.980%, 02/15/30		356,197		357,328
				186,126,189
Credit Card — 0.0%
Mission Lane Credit Card Master Trust, Ser 2024-B, Cl A
5.880%, 01/15/30 (B)		610,000		611,350
Mission Lane Credit Card Master Trust, Ser 2026-A, Cl A
4.950%, 07/15/32 (B)		575,000		574,820
				1,186,170
Other Asset-Backed Securities — 3.6%
Affirm Asset Securitization Trust, Ser 2025-X1, Cl D
6.110%, 04/15/30 (B)		3,200,000		3,220,686
Affirm Master Trust, Ser 2025-2A, Cl A
4.670%, 07/15/33 (B)		1,120,000		1,123,385
AGL CLO, Ser 2025-11A, Cl CR
5.623%, TSFR3M + 1.950%, 10/15/38 (B)(C)		2,750,000		2,753,979
Applebee's Funding, Ser 2025-1A, Cl A2
6.720%, 06/07/55 (B)		1,895,000		1,899,000
BHG Securitization Trust, Ser 2025-2CON, Cl A
4.840%, 09/17/36 (B)		395,390		395,377
BHG Securitization Trust, Ser 2026-1CON, Cl C
5.680%, 06/17/36 (B)		2,655,000		2,646,661

ASSET-BACKED SECURITIES — continued

	Face Amount		Value
Bluepeak ABS Issuer, Ser 2025-1A, Cl A2
5.858%, 12/20/55 (B)	$	1,575,000	$	1,592,666
CBAMR, Ser 2025-11RA, Cl CR
5.475%, TSFR3M + 1.800%, 03/20/38 (B)(C)		3,410,000		3,405,669
CIFC Funding, Ser 2025-3A, Cl CR2
5.480%, TSFR3M + 1.800%, 01/16/38 (B)(C)		2,285,000		2,283,492
Compass Datacenters Issuer II, Ser 2024-2A, Cl A1
5.022%, 08/25/49 (B)		290,000		289,688
Compass Datacenters Issuer III, Ser 2025-1A, Cl A3
5.852%, 02/25/50 (B)		460,000		462,865
Compass Datacenters Issuer III, Ser 2026-1A, Cl A21
4.897%, 02/25/56 (B)		2,120,000		2,100,065
Compass Datacenters Issuer III, Ser 2026-1A, Cl A22
5.289%, 02/25/56 (B)		1,170,000		1,163,101
Consolidated Communications, Ser 2025-1A, Cl B
6.506%, 05/20/55 (B)		1,290,000		1,311,891
Crockett Partners Equipment IIA, Ser 2024-1C, Cl A
6.050%, 01/20/31 (B)		450,979		455,702
CyrusOne Data Centers Issuer I, Ser 2025-1A, Cl A2
5.910%, 02/20/50 (B)		675,000		678,170
Foundation Finance Trust, Ser 2025-3A, Cl D
5.710%, 08/15/52 (B)		2,280,000		2,258,982
Golub Capital Partners CLO, Ser 2025-78A, Cl C
5.672%, TSFR3M + 2.000%, 04/21/39 (B)(C)		3,115,000		3,082,504
GoodLeap Sustainable Home Solutions Trust, Ser 2021-5CS, Cl B
2.560%, 10/20/48 (B)		1,988,544		1,103,045
GoodLeap Sustainable Home Solutions Trust, Ser 2023-1GS, Cl A
5.520%, 02/22/55 (B)		1,395,422		1,294,736
GreenSky Home Improvement Issuer Trust, Ser 2024-2, Cl A4
5.150%, 10/27/59 (B)		56,217		56,405
GreenSky Home Improvement Trust, Ser 2024-1, Cl A3
5.550%, 06/25/59 (B)		365,000		370,579

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

CATHOLIC RESPONSIBLE INVESTMENTS BOND FUND

APRIL 30, 2026 (Unaudited)

ASSET-BACKED SECURITIES — continued

	Face Amount		Value
Hotwire Funding, Ser 2024-1A, Cl A2
5.893%, 06/20/54 (B)	$	1,820,000	$	1,842,068
Iskandar Enterprise, Ser 2026-1A, Cl A21
5.049%, 04/17/56 (B)		1,710,000		1,706,638
MetroNet Infrastructure Issuer, Ser 2025-2A, Cl A2
5.400%, 08/20/55 (B)		9,375,000		9,449,225
MetroNet Infrastructure Issuer, Ser 2026-1A, Cl A2
5.273%, 04/20/56 (B)		1,090,000		1,092,897
Mosaic Solar Loan Trust, Ser 2022-1A, Cl B
3.160%, 01/20/53 (B)		917,693		615,302
MVW Owner Trust, Ser 2024-1A, Cl C
6.200%, 02/20/43 (B)		479,032		486,293
New Economy Assets, Ser 2021-1, Cl A1
1.910%, 10/20/61 (B)		1,090,000		915,600
OWN Equipment Fund I, Ser 2024-2M, Cl A
5.700%, 12/20/32 (B)		682,531		685,412
Pagaya Ai Debt Grantor Trust, Ser 2025-6, Cl D
5.268%, 04/15/33 (B)		3,499,677		3,476,815
Pagaya AI Debt Grantor Trust, Ser 2025-R3, Cl D
5.655%, 01/18/33 (B)		5,605,405		5,587,719
Pagaya AI Debt Trust, Ser 2024-10, Cl D
6.429%, 06/15/32 (B)		1,841,470		1,850,360
Pagaya AI Debt Trust, Ser 2025-1, Cl D
6.282%, 07/15/32 (B)		1,454,046		1,457,973
Pagaya AI Debt Trust, Ser 2025-4, Cl D
6.572%, 01/17/33 (B)		2,894,897		2,909,445
PK ALIFT Loan Funding 7, Ser 2025-2, Cl A
4.750%, 03/15/43 (B)		237,875		235,309
Reach Abs Trust, Ser 2026-1A, Cl A
4.320%, 02/15/33 (B)		339,371		339,261
Renew, Ser 2024-2A, Cl A
5.326%, 11/20/60 (B)		906,511		872,958
Republic Finance Issuance Trust, Ser 2024-A, Cl A
5.910%, 08/20/32 (B)		405,000		406,683
SCF Equipment Leasing, Ser 2025-2A, Cl A3
4.330%, 06/20/36 (B)		920,000		913,960

ASSET-BACKED SECURITIES — continued

	Face Amount		Value
SCF Equipment Trust, Ser 2025-1A, Cl A3
5.110%, 11/21/33 (B)	$	615,000	$	622,817
SEB Funding, Ser 2024-1A, Cl A2
7.386%, 04/30/54 (B)		30,000		30,447
SEB Funding, Ser 2026-1A, Cl A2
6.665%, 01/30/56 (B)		1,380,000		1,368,400
Shentel Issuer, Ser 2025-1A, Cl A2
5.640%, 12/20/55 (B)		1,140,000		1,152,428
Sierra Timeshare Receivables Funding, Ser 2024-1A, Cl C
5.940%, 01/20/43 (B)		595,492		600,517
Sierra Timeshare Receivables Funding, Ser 2024-2A, Cl A
5.140%, 06/20/41 (B)		513,038		515,483
SMB Private Education Loan Trust, Ser 2018-A, Cl A2A
3.500%, 02/15/36 (B)		133,631		133,174
SMB Private Education Loan Trust, Ser 2023-B, Cl A1A
4.990%, 10/16/56 (B)		1,070,279		1,068,974
SoFi Consumer Loan Program Trust, Ser 2025-2, Cl A
4.820%, 06/25/34 (B)		156,734		157,218
Sunnova Helios XI Issuer, Ser 2023-A, Cl A
5.300%, 05/20/50 (B)		848,335		797,690
Sunnova Helios XII Issuer, Ser 2023-B, Cl A
5.300%, 08/22/50 (B)		827,261		755,068
Sunnova Hestia I Issuer, Ser 2023-GRID1, Cl 1A
5.750%, 12/20/50 (B)		1,004,453		977,679
Sunnova Hestia II Issuer, Ser 2024-GRID1, Cl 1A
5.630%, 07/20/51 (B)		1,013,083		975,465
Sunrun Julius Issuer, Ser 2023-2A, Cl A1
6.600%, 01/30/59 (B)		1,196,939		1,202,464
Tesla Sustainable Energy Trust, Ser 2024-1A, Cl A3
5.290%, 06/20/50 (B)		1,335,000		1,329,572
Trinity Rail Leasing, Ser 2026-1A, Cl A
5.350%, 04/19/56 (B)		1,200,000		1,197,039
United States Small Business Administration, Ser 2006-20F, Cl 1
5.820%, 06/01/26		80		80

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

CATHOLIC RESPONSIBLE INVESTMENTS BOND FUND

APRIL 30, 2026 (Unaudited)

ASSET-BACKED SECURITIES — continued

	Face Amount		Value
United States Small Business Administration, Ser 2006-20G, Cl 1
6.070%, 07/01/26	$	206	$	206
United States Small Business Administration, Ser 2006-20H, Cl 1
5.700%, 08/01/26		139		139
United States Small Business Administration, Ser 2007-20D, Cl 1
5.320%, 04/01/27		756		759
United States Small Business Administration, Ser 2007-20E, Cl 1
5.310%, 05/01/27		472		472
United States Small Business Administration, Ser 2007-20F, Cl 1
5.710%, 06/01/27		1,015		1,021
Vivint Solar Financing V, Ser 2018-1A, Cl B
7.370%, 04/30/48 (B)		163,887		161,134
Vivint Solar Financing VII, Ser 2020-1A, Cl A
2.210%, 07/31/51 (B)		1,112,988		1,033,354
Volofin Finance Designated Activity, Ser 2024-1A, Cl A
5.935%, 06/15/37 (B)		307,040		310,617
Wendy's Funding, Ser 2025-1A, Cl A2I
5.422%, 12/15/55 (B)		2,244,375		2,212,492
Zayo Issuer, Ser 2025-1A, Cl B
6.088%, 03/20/55 (B)		1,320,000		1,330,611
Zayo Issuer, Ser 2025-2A, Cl A2
5.953%, 06/20/55 (B)		1,305,000		1,325,452
Zayo Issuer, Ser 2025-2A, Cl B
6.586%, 06/20/55 (B)		3,510,000		3,583,983
				91,637,321
Total Asset-Backed Securities
(Cost $278,632,701)				278,949,680

MUNICIPAL BONDS — 3.1%

Alaska — 0.1%
City of Port Lions Alaska, RB
7.500%, 10/01/52	$	3,025,000	$	3,130,793

California — 1.0%
California Community Choice Financing Authority, RB
6.125%, 04/01/30		1,500,000		1,553,858

MUNICIPAL BONDS — continued

	Face Amount		Value
California Health Facilities Financing Authority, RB
3.034%, 06/01/34	$	1,865,000	$	1,657,271
2.984%, 06/01/33		3,090,000		2,790,200
California Statewide Communities Development Authority, RB
2.682%, 02/01/39		500,000		384,440
City & County of San Francisco California, GO
5.770%, 06/15/45		1,500,000		1,539,143
3.700%, 06/15/26		2,500,000		2,499,449
City & County of San Francisco California Community Facilities District No. 2014-1, Special Tax
6.332%, 09/01/51		1,250,000		1,276,420
3.482%, 09/01/50		2,500,000		1,764,534
City of Los Angeles California, Ser A, GO
5.000%, 09/01/42		2,500,000		2,406,802
4.750%, 09/01/38		2,000,000		1,951,906
City of Los Angeles Department of Airports Customer Facility Charge Revenue, RB
3.258%, 05/15/30		2,250,000		2,165,636
3.158%, 05/15/29		1,000,000		969,927
Regents of the University of California Medical Center Pooled Revenue, RB
4.563%, 05/15/53		600,000		506,093
San Jose Financing Authority, RB
4.662%, 05/01/37		500,000		482,699
State of California, GO
7.625%, 03/01/40		40,000		47,396
7.550%, 04/01/39		100,000		118,282
7.500%, 04/01/34		675,000		773,672
7.300%, 10/01/39		625,000		715,090
				23,602,818
Connecticut — 0.1%
Connecticut Green Bank, RB
2.900%, 11/15/35		2,500,000		2,201,080

District of Columbia — 0.1%
District of Columbia, RB
2.932%, 04/01/33		1,590,000		1,367,183

Hawaii — 0.0%
City & County of Honolulu Hawaii, Ser D, RB
4.970%, 07/01/35		840,000		858,477

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

CATHOLIC RESPONSIBLE INVESTMENTS BOND FUND

APRIL 30, 2026 (Unaudited)

MUNICIPAL BONDS — continued

	Face Amount		Value
State of Hawaii Department of Business Economic Development & Tourism, Ser A-2, RB
3.242%, 01/01/31	$	562,108	$	554,089
				1,412,566
Illinois — 0.2%
Metropolitan Water Reclamation District of Greater Chicago, GO
5.720%, 12/01/38		1,180,000		1,205,557
State of Illinois, GO
5.100%, 06/01/33		1,614,216		1,639,569
				2,845,126
Iowa — 0.0%
Iowa Finance Authority, RB
7.000%, 11/01/27 (B)		415,000		417,931

Maryland — 0.2%
County of Montgomery Maryland, RB
4.800%, 04/01/38		2,500,000		2,433,394
Maryland Economic Development, RB
5.942%, 05/31/57		2,250,000		2,237,351
5.433%, 05/31/56		500,000		478,859
				5,149,604
Minnesota — 0.1%
Minnesota Housing Finance Agency, Ser D, RB
5.947%, 08/01/54		1,200,000		1,185,438
5.897%, 08/01/49		1,400,000		1,391,414
				2,576,852
Nebraska — 0.1%
City of North Platte Nebraska Combined Utilities Revenue, Ser B, RB
5.674%, 12/15/46		1,000,000		989,213
5.548%, 12/15/42		1,525,000		1,526,218
				2,515,431
New Hampshire — 0.3%
New Hampshire Business Finance Authority, RB
5.876%, 12/01/35		1,500,000		1,573,129
5.694%, 11/01/45		1,000,000		976,526
3.970%, 02/01/29 (B)(C)		5,500,000		5,500,000
3.840%, 07/01/33 (B)(C)		850,000		850,000
				8,899,655
New Jersey — 0.1%
New Jersey Housing & Mortgage Finance Agency, Ser C, RB
3.100%, 11/01/40		3,100,000		2,455,576

MUNICIPAL BONDS — continued

	Face Amount		Value
New Jersey Turnpike Authority, RB
7.414%, 01/01/40	$	275,000	$	322,013
7.102%, 01/01/41		925,000		1,057,212
				3,834,801
New York — 0.4%
City of New York New York, Ser D-1, GO
5.114%, 10/01/54		2,000,000		1,790,215
5.094%, 10/01/49		1,000,000		904,153
New York City Housing Development, Ser D, RB
5.884%, 02/01/55		1,250,000		1,232,008
5.448%, 08/01/54		850,000		798,918
New York City Housing Development, Ser G, RB
5.881%, 08/01/45		1,120,000		1,120,565
New York State Energy Research & Development Authority, Ser A, RB
4.871%, 04/01/37		1,447,000		1,342,879
New York Transportation Development, RB
6.971%, 06/30/51		2,500,000		2,493,380
United Nations Development, Ser A, RB
6.536%, 08/01/55		400,000		420,004
				10,102,122
Ohio — 0.3%
American Municipal Power, RB
7.499%, 02/15/50		2,280,000		2,607,583
American Municipal Power, Sub-Ser, RB
6.449%, 02/15/44		1,740,000		1,813,876
American Municipal Power, Ser E-RMKT, RB
6.270%, 02/15/50		710,000		723,237
Columbus-Franklin County Finance Authority, Ser S, RB
7.750%, 01/15/30 (B)		700,000		698,285
Toledo-Lucas County Port Authority, Ser D-2, RB
5.850%, 11/15/44 (B)		1,335,000		1,328,982
				7,171,963
Oregon — 0.0%
State of Oregon, GO
5.832%, 05/01/45		1,000,000		1,032,764

Pennsylvania — 0.1%
Redevelopment Authority of the City of Philadelphia, RB
5.566%, 11/01/45		1,250,000		1,233,063

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

CATHOLIC RESPONSIBLE INVESTMENTS BOND FUND

APRIL 30, 2026 (Unaudited)

MUNICIPAL BONDS — continued

	Face Amount		Value
Redevelopment Authority of the City of Philadelphia, Ser A, RB
5.226%, 09/01/40	$	610,000	$	606,258
				1,839,321
South Dakota — 0.0%
South Dakota Housing Development Authority, Ser E, RB
5.460%, 05/01/53		220,000		223,309

Tennessee — 0.0%
Metropolitan Government of Nashville & Davidson County Tennessee Water & Sewer Revenue, RB
2.942%, 07/01/43		500,000		374,800

Wisconsin — 0.0%
Public Finance Authority, RB
6.250%, 06/01/31 (B)		223,432		224,912
Public Finance Authority, Ser A, RB
5.292%, 07/01/29		550,000		551,526
				776,438
Total Municipal Bonds
(Cost $80,807,919)				79,474,557

SOVEREIGN DEBT — 1.3%

BRAZIL — 0.0%
Brazilian Government International Bond
5.500%, 02/04/33	$	1,000,000	$	985,000

CANADA — 0.6%
CDP Financial MTN
1.000%, 05/26/26(B)		2,500,000		2,495,053
Export Development Canada
4.750%, 06/05/34		5,000,000		5,143,066
OMERS Finance Trust
4.000%, 04/19/52(B)		3,345,000		2,616,146
3.500%, 04/19/32		5,000,000		4,757,872

				15,012,137
ECUADOR — 0.1%
Amazon Conservation DAC
6.034%, 01/16/42(B)		2,000,000		2,024,600

SOVEREIGN DEBT — continued

	Face Amount		Value
FRANCE — 0.1%
Caisse d'Amortissement de la Dette Sociale MTN
2.125%, 01/26/32(B)	$	2,500,000	$	2,213,054

IRELAND — 0.2%
BB Blue Financing DAC
4.395%, 09/20/37		2,395,833		2,316,878
GPS Blue Financing DAC
5.645%, 11/09/41(B)		2,500,000		2,454,000
				4,770,878
JAPAN — 0.1%
Japan Bank for International Cooperation
4.375%, 10/05/27		1,000,000		1,004,424
Japan International Cooperation Agency
4.250%, 05/22/30		470,000		470,663
				1,475,087
MEXICO — 0.0%
Mexico Government International Bond
5.375%, 03/22/33		860,000		843,316

NETHERLANDS — 0.1%
Nederlandse Waterschapsbank
4.500%, 01/16/30(B)		1,000,000		1,014,864
4.375%, 02/28/29(B)		500,000		504,890
1.000%, 05/28/30(B)		2,500,000		2,214,026
				3,733,780
RUSSIA — 0.0%
Serbia International Bond
6.000%, 06/12/34(B)		850,000		873,657

SOUTH KOREA — 0.1%
Korea Electric Power
4.287%, SOFR + 0.620%, 11/12/28(B)(C)		1,000,000		1,001,730
4.125%, 11/12/30(B)		1,000,000		987,950
				1,989,680
Total Sovereign Debt
(Cost $34,349,365)				33,921,189

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

CATHOLIC RESPONSIBLE INVESTMENTS BOND FUND

APRIL 30, 2026 (Unaudited)

BANK LOAN OBLIGATIONS — 0.1%

	Face Amount		Value
ECOLOGICAL SERVICES & EQUIPMENT — 0.1%
Terraform Power Operating Specified Refinancing Term Loan
5.700%, TSFR1M + 2.500%, 05/21/29(C)	$	1,487,123	$	1,474,572
Vistra Zero Operating Company Term Loan
5.668%, 03/20/31		995,000		991,268
				2,465,840
Total Bank Loan Obligations
(Cost $2,478,511)				2,465,840

U.S. GOVERNMENT AGENCY OBLIGATION — 0.0%

United States International Development Finance
1.790%, 10/15/29	$	217,705	$	207,461

U.S. GOVERNMENT AGENCY OBLIGATION — continued

	Face Amount		Value
Total U.S. Government Agency Obligation
(Cost $210,081)				207,461

SHORT-TERM INVESTMENT — 0.4%
	Shares
State Street Institutional U.S. Government Money Market Fund, Institutional Class, 3.570%, (H)
(Cost $9,337,655)		9,337,655	$	9,337,655
Total Short-Term Investment
(Cost $9,337,655)				9,337,655
Total Investments in Securities— 98.9%
(Cost $2,592,462,847)			$	2,531,699,996

Percentages are based on Net Assets of $2,559,154,820.

A list of the open futures contracts held by the Fund at April 30, 2026, is as follows:

Type of Contract	Number of Contracts		Expiration Date	Notional Amount		Value		Unrealized Appreciation/ (Depreciation)
Long Contracts
U.S. 5-Year Treasury Notes		1,172	Jun-2026	$	128,008,785	$	126,383,719	$	(1,625,066	)

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

CATHOLIC RESPONSIBLE INVESTMENTS BOND FUND

APRIL 30, 2026 (Unaudited)

‡	Real Estate Investment Trust.
(A)	This security or a partial position of this security is on loan at April 30, 2026. The total market value of securities on loan at April 30, 2026 was $9,145,228.
(B)	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, 2026 was $649,794,623 and represented 25.4% of Net Assets.
(C)	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.
(D)	Perpetual security with no stated maturity date.
(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.
(F)	Zero coupon security.
(G)	No interest rate available.
(H)	This security was purchased with cash collateral received from securities lending. The total was of such securities as of April 30, 2026, was $9,337,655.

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

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

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

USISDA05 — US Mid-Market Swap Rate 5 Year

The following is a summary of the inputs used as of April 30, 2026, in valuing the Fund’s investments and other financial instruments carried at market value:

Investments in Securities	Level 1		Level 2		Level 3		Total
Corporate Obligations	$	—	$	715,800,937	$	—	$	715,800,937
U.S. Treasury Obligations		—		709,379,947		—		709,379,947
Mortgage-Backed Securities		—		702,162,730		—		702,162,730
Asset-Backed Securities		—		278,949,680		—		278,949,680
Municipal Bonds		—		79,474,557		—		79,474,557
Sovereign Debt		—		33,921,189		—		33,921,189
Short-Term Investment		9,337,655		—		—		9,337,655
Bank Loan Obligations		—		2,465,840		—		2,465,840
U.S. Government Agency Obligation		—		207,461		—		207,461
Total Investments in Securities	$	9,337,655	$	2,522,362,341	$	—	$	2,531,699,996

Other Financial Instruments	Level 1			Level 2		Level 3		Total
Futures Contracts*
Unrealized Depreciation	$	(1,625,066	)	$	—	$	—	$	(1,625,066	)
Total Other Financial Instruments	$	(1,625,066	)	$	—	$	—	$	(1,625,066	)

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, 2026 (Unaudited)

SCHEDULE OF INVESTMENTS

MORTGAGE-BACKED SECURITIES — 26.5%

	Face Amount		Value
Agency Mortgage-Backed Obligations — 11.3%
FHLMC Mscr Trust Mn6, Ser MN6, Cl B1
12.895%, SOFR30A + 9.250%, 05/25/43 (A)(B)	$	1,710,000	$	1,964,903
FHLMC Multiclass Certificates, Ser 2024-P016, Cl A2
4.769%, 09/25/33 (A)		2,500,000		2,505,274
FHLMC Multifamily ML Certificates, Ser 2023-ML18, Cl XCA, IO
1.505%, 09/25/37 (A)		22,886,983		2,380,690
FHLMC Multifamily Structured Credit Risk, Ser MN4, Cl B1
13.145%, SOFR30A + 9.500%, 05/25/52 (A)(B)		1,710,000		2,026,620
FHLMC Multifamily Structured Credit Risk, Ser MN5, Cl B1
13.145%, SOFR30A + 9.500%, 11/25/42 (A)(B)		1,710,000		1,967,825
FHLMC STACR REMIC Trust, Ser 2022-DNA5, Cl M1B
8.145%, SOFR30A + 4.500%, 06/25/42 (A)(B)		680,000		705,711
FHLMC STACR REMIC Trust, Ser 2022-DNA6, Cl M1B
7.345%, SOFR30A + 3.700%, 09/25/42 (A)(B)		2,420,000		2,501,288
FHLMC STACR REMIC Trust, Ser 2022-DNA6, Cl M2
9.395%, SOFR30A + 5.750%, 09/25/42 (A)(B)		1,610,000		1,711,881
FHLMC STACR REMIC Trust, Ser 2022-HQA2, Cl M2
9.645%, SOFR30A + 6.000%, 07/25/42 (A)(B)		1,080,000		1,141,046
FHLMC STACR REMIC Trust, Ser 2023-DNA1, Cl M2
9.146%, SOFR30A + 5.500%, 03/25/43 (A)(B)		2,420,000		2,586,375
FHLMC STACR REMIC Trust, Ser 2023-DNA2, Cl M1A
5.745%, SOFR30A + 2.100%, 04/25/43 (A)(B)		585,126		592,411
FHLMC STACR REMIC Trust, Ser 2026-DNA2, Cl M2
5.245%, SOFR30A + 1.600%, 03/25/46 (A)(B)		1,110,000		1,113,073
FNMA
5.136%, 07/01/29 (A)		1,000,000		1,006,996
GNMA
6.000%, 01/20/56		6,428,213		6,568,877
6.000%, 12/20/54		2,464,200		2,520,141

MORTGAGE-BACKED SECURITIES — continued

	Face Amount		Value
6.000%, 09/20/54	$	5,180,438	$	5,297,044
6.000%, 07/20/54		5,651,063		5,780,959
6.000%, 06/20/54		2,382,200		2,441,327
6.000%, 05/20/54		2,722,385		2,786,281
6.000%, 04/20/54		4,300,019		4,426,924
6.000%, 02/20/54		1,679,645		1,724,052
6.000%, 12/20/53		3,578,730		3,671,183
6.000%, 11/20/53		4,401,713		4,538,087
6.000%, 10/20/53		3,647,604		3,743,494
5.500%, 07/20/55		5,607,720		5,658,069
5.500%, 06/20/55		5,491,621		5,535,497
5.500%, 05/20/55		4,265,002		4,303,088
5.500%, 09/20/54		416,630		420,884
5.000%, 02/20/53		503,430		501,960
5.000%, 11/20/52		654,760		653,427
4.500%, 12/20/52		730,149		710,087
4.500%, 10/20/52		341,058		331,855
4.500%, 08/20/52		300,676		292,652
4.000%, 09/20/52		816,574		770,488
3.500%, 12/20/52		194,780		177,194
3.500%, 04/20/52		513,280		467,694
3.000%, 12/20/51		400,022		356,867
				85,882,224
Non-Agency Mortgage-Backed Obligations — 15.2%
AREIT, Ser 2025-CRE11, Cl A
5.218%, TSFR1M + 1.550%, 07/25/43 (A)(B)		940,000		941,501
Aventura Mall Trust, Ser AVM, Cl D
4.249%, 07/05/40 (A)(B)		1,200,000		1,163,873
BANK, Ser BNK45, Cl E
4.000%, 02/15/56 (B)		1,837,000		1,334,395
BBCMS Mortgage Trust, Ser 2018-TALL, Cl A
4.574%, TSFR1M + 0.919%, 03/15/37 (A)(B)		1,670,000		1,578,150
BBCMS Mortgage Trust, Ser 2018-TALL, Cl C
4.973%, TSFR1M + 1.318%, 03/15/37 (A)(B)		2,400,000		2,184,000
BBCMS Mortgage Trust, Ser 2024-5C25, Cl C
6.643%, 03/15/57 (A)		925,000		940,320
BBCMS Mortgage Trust, Ser C32, Cl D
4.500%, 02/15/62 (B)		1,000,000		807,200
BBCMS Mortgage Trust, Ser CHRS, Cl D
4.409%, 08/05/38 (A)(B)		1,500,000		1,350,277
BBCMS Mortgage Trust, Ser TALL, Cl D
5.301%, TSFR1M + 1.646%, 03/15/37 (A)(B)		1,000,000		890,000

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

CATHOLIC RESPONSIBLE INVESTMENTS OPPORTUNISTIC BOND FUND

APRIL 30, 2026 (Unaudited)

MORTGAGE-BACKED SECURITIES — continued

	Face Amount		Value
BBCMS Trust, Ser SRCH, Cl B
4.498%, 08/10/35 (B)	$	1,000,000	$	955,064
Benchmark Mortgage Trust, Ser V13, Cl C
5.908%, 02/15/58 (A)		1,750,000		1,738,036
Benchmark Mortgage Trust, Ser V6, Cl D
4.000%, 03/15/57		1,200,000		1,079,545
BMO Mortgage Trust, Ser 2023-C7, Cl C
7.360%, 12/15/56 (A)		250,000		257,044
BMO Mortgage Trust, Ser 5C5, Cl D
4.500%, 02/15/57 (B)		1,400,000		1,244,946
BMO Mortgage Trust, Ser 5C8, Cl D
4.500%, 12/15/57 (B)		1,200,000		1,073,161
BPR Trust, Ser 2023-BRK2, Cl A
7.147%, 10/05/38 (A)(B)		2,100,000		2,161,836
BPR Trust, Ser 2023-BRK2, Cl C
8.630%, 10/05/38 (A)(B)		1,500,000		1,561,891
BRCK Trust, Ser 830B, Cl B
5.357%, 12/10/42 (A)(B)		600,000		598,505
BRCK Trust, Ser 830B, Cl C
5.658%, 12/10/42 (A)(B)		600,000		599,711
BRCK Trust, Ser 830B, Cl D
6.409%, 12/10/42 (A)(B)		2,000,000		1,996,754
BSPDF, Ser 2026-FL3, Cl A
5.111%, TSFR1M + 1.450%, 09/18/43 (A)(B)		980,000		979,996
BX Commercial Mortgage Trust, Ser 2022-AHP, Cl AS
5.145%, TSFR1M + 1.490%, 01/17/39 (A)(B)		2,459,790		2,459,021
BX Commercial Mortgage Trust, Ser VLT9, Cl A
5.355%, TSFR1M + 1.700%, 03/15/45 (A)(B)		940,000		938,237
BX Trust, Ser 2022-CLS, Cl B
6.300%, 10/13/27 (B)		2,200,000		2,193,626
Cantor Commercial Real Estate Lending, Ser 2019-CF2, Cl E
2.500%, 11/15/52 (B)		2,000,000		1,436,385
Century Plaza Towers, Ser 2019-CPT, Cl A
2.865%, 11/13/39 (B)		530,000		490,684
Century Plaza Towers, Ser 2019-CPT, Cl B
3.097%, 11/13/39 (A)(B)		1,000,000		913,492
CFCRE Commercial Mortgage Trust, Ser 2016-C6, Cl AM
3.502%, 11/10/49 (A)		3,005,000		2,953,494

MORTGAGE-BACKED SECURITIES — continued

	Face Amount		Value
CHI Commercial Mortgage Trust, Ser 110W, Cl A
5.102%, 12/13/40 (A)(B)	$	1,100,000	$	1,093,959
CHI Commercial Mortgage Trust, Ser SFT, Cl A
5.665%, 04/15/42 (A)(B)		500,000		507,067
CHI Commercial Mortgage Trust, Ser SFT, Cl XA, IO
0.310%, 04/15/42 (A)(B)		1,975,000		16,131
CHNGE Mortgage Trust, Ser 2022-NQM1, Cl A3
5.820%, 06/25/67 (B)(C)		668,999		666,949
Citigroup Commercial Mortgage Trust, Ser 2016-P6, Cl AS
4.032%, 12/10/49 (A)		1,400,000		1,335,284
COMM Mortgage Trust, Ser 2022-HC, Cl A
2.819%, 01/10/39 (B)		386,000		375,802
COMM Mortgage Trust, Ser 2022-HC, Cl C
3.376%, 01/10/39 (B)		500,000		477,909
Connecticut Avenue Securities Trust, Ser 2022-R02, Cl 2B1
8.145%, SOFR30A + 4.500%, 01/25/42 (A)(B)		1,630,000		1,667,180
Connecticut Avenue Securities Trust, Ser 2022-R02, Cl 2M2
6.645%, SOFR30A + 3.000%, 01/25/42 (A)(B)		1,122,166		1,136,135
Connecticut Avenue Securities Trust, Ser 2022-R05, Cl 2B1
8.145%, SOFR30A + 4.500%, 04/25/42 (A)(B)		1,530,000		1,579,251
Connecticut Avenue Securities Trust, Ser 2023-R03, Cl 2M2
7.545%, SOFR30A + 3.900%, 04/25/43 (A)(B)		670,000		700,329
CSAIL Commercial Mortgage Trust, Ser C20, Cl C
3.829%, 03/15/54 (A)		1,200,000		1,014,972
CSMC OA, Ser 2014-USA, Cl A2
3.953%, 09/15/37 (B)		1,000,000		931,129
DC Commercial Mortgage Trust, Ser DC, Cl C
7.379%, 09/12/40 (A)(B)		530,000		535,485
DLIC Re-REMIC Trust, Ser FRR1, Cl CK57
1.155%, 08/27/49 (A)(B)		1,565,000		1,547,378
Fashion Show Mall, Ser SHOW, Cl C
6.276%, 10/10/41 (A)(B)		2,300,000		2,307,860
FIVE Mortgage Trust, Ser 2023-V1, Cl C
6.559%, 02/10/56 (A)		2,223,000		2,223,119

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

CATHOLIC RESPONSIBLE INVESTMENTS OPPORTUNISTIC BOND FUND

APRIL 30, 2026 (Unaudited)

MORTGAGE-BACKED SECURITIES — continued

	Face Amount		Value
FIVE Mortgage Trust, Ser V1, Cl D
6.559%, 02/10/56 (A)(B)	$	384,000	$	367,381
GAM RE-REMIC Trust, Ser 2021-FRR2, Cl AK74, PO
0.000%, 09/27/51 (B)		1,500,000		1,359,130
GS Mortgage Securities Trust, Ser GS8, Cl B
3.953%, 11/10/50 (A)		675,000		630,745
Hudson Yards Mortgage Trust, Ser 2016-10HY, Cl A
2.835%, 08/10/38 (B)		1,000,000		994,341
Hudson Yards Mortgage Trust, Ser 2019-55HY, Cl D
3.041%, 12/10/41 (A)(B)		1,500,000		1,351,740
Hudson Yards Mortgage Trust, Ser SPRL, Cl D
6.551%, 01/13/40 (A)(B)		2,000,000		2,050,268
JP Morgan Mortgage Trust Series, Ser 2025-NQM4, Cl A1F
4.845%, SOFR30A + 1.200%, 03/25/66 (A)(B)		1,402,346		1,401,012
JP Morgan Mortgage Trust, Ser 2026-ACES1, Cl A2
5.161%, 04/25/66 (A)(B)		830,000		820,318
JPMBB Commercial Mortgage Securities Trust, Ser 2015-C28, Cl C
4.427%, 10/15/48 (A)		259,899		256,525
JPMDB Commercial Mortgage Securities Trust, Ser 2017-C5, Cl AS
3.858%, 03/15/50 (A)		2,340,000		2,155,075
Life Mortgage Trust, Ser 2021-BMR, Cl C
4.870%, TSFR1M + 1.214%, 03/15/38 (A)(B)		80,100		79,349
MAD Commercial Mortgage Trust, Ser 11MD, Cl C
5.818%, 10/15/42 (A)(B)		2,730,000		2,749,461
MAD Commercial Mortgage Trust, Ser 11MD, Cl D
6.571%, 10/15/42 (A)(B)		1,800,000		1,819,452
Morgan Stanley Capital I Trust, Ser 2018-L1, Cl C
4.926%, 10/15/51 (A)		2,455,000		2,235,014
MSWF Commercial Mortgage Trust, Ser 1, Cl D
4.000%, 05/15/56 (B)		1,550,000		1,234,257
NJ Trust, Ser GSP, Cl A
6.697%, 01/06/29 (A)(B)		1,500,000		1,549,982

MORTGAGE-BACKED SECURITIES — continued

	Face Amount		Value
NXPA Re-REMIC Trust, Ser FRR1, Cl A, PO
0.000%, 12/27/49 (B)	$	1,565,000	$	1,501,115
NYC Commercial Mortgage Trust, Ser 11X, Cl D
6.846%, TSFR1M + 3.191%, 10/15/40 (A)(B)		500,000		501,563
NYMT Loan Trust Series, Ser 2024-BPL2, Cl A1
6.509%, 05/25/39 (B)(C)		1,580,000		1,586,196
One Bryant Park Trust, Ser 2019-OBP, Cl A
2.516%, 09/15/54 (B)		1,000,000		925,610
OWS Real Estate Finance, Ser MARG2, Cl A
7.750%, TSFR1M + 4.000%, 08/15/34 (A)(B)		2,310,000		2,310,728
PMT Loan Trust, Ser 2025-INV11, Cl A36
4.995%, SOFR30A + 1.350%, 11/25/56 (A)(B)		2,625,592		2,637,187
RFM Reremic Trust, Ser FRR1, Cl AK55, PO
0.000%, 03/28/49 (B)		1,640,000		1,634,967
RFM Reremic Trust, Ser FRR1, Cl AK64
2.747%, 03/01/50 (A)(B)		2,100,000		2,036,284
RIDE Trust, Ser SHRE, Cl D
6.972%, 02/14/47 (A)(B)		1,310,000		1,323,901
SFAVE Commercial Mortgage Securities Trust, Ser 2015-5AVE, Cl A1
3.872%, 01/05/43 (A)(B)		242,500		211,472
SFAVE Commercial Mortgage Securities Trust, Ser 2015-5AVE, Cl A2B
4.144%, 01/05/43 (A)(B)		1,500,000		1,312,726
SHOPS Commercial Mortgage Trust, Ser CSTL, Cl A
4.971%, 05/15/39 (A)(B)		500,000		500,000
SLG Office Trust, Ser OMA, Cl A
4.965%, 04/15/41 (A)(B)		2,500,000		2,509,223
STWD Mortgage Trust, Ser 2021-LIH, Cl AS
5.026%, TSFR1M + 1.371%, 11/15/36 (A)(B)		715,000		713,784
STWD Mortgage Trust, Ser 2021-LIH, Cl D
6.074%, TSFR1M + 2.419%, 11/15/36 (A)(B)		450,000		449,438
SUMIT Mortgage Trust, Ser 2022-BVUE, Cl A
2.789%, 02/12/41 (B)		660,000		604,014

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

CATHOLIC RESPONSIBLE INVESTMENTS OPPORTUNISTIC BOND FUND

APRIL 30, 2026 (Unaudited)

MORTGAGE-BACKED SECURITIES — continued

	Face Amount		Value
UBS Commercial Mortgage Trust, Ser 2017-C3, Cl C
4.496%, 08/15/50 (A)	$	1,500,000	$	1,417,762
Verus Securitization Trust, Ser 2021-1, Cl A1
0.815%, 01/25/66 (A)(B)		492,251		448,758
Verus Securitization Trust, Ser 2025-11, Cl A3
5.270%, 11/25/70 (B)(C)		2,126,385		2,113,890
Verus Securitization Trust, Ser 2025-12, Cl A3
5.367%, 12/25/70 (B)(C)		2,182,298		2,177,452
Verus Securitization Trust, Ser 2025-12, Cl M1
5.760%, 12/25/70 (A)(B)		1,000,000		990,869
Verus Securitization Trust, Ser 2025-3, Cl A1
5.623%, 05/25/70 (B)(C)		357,210		359,897
Verus Securitization Trust, Ser 2025-3, Cl A3
5.928%, 05/25/70 (B)(C)		1,394,277		1,400,011
Verus Securitization Trust, Ser 2026-1, Cl A3
5.218%, 01/25/71 (B)(C)		642,782		640,287
Verus Securitization Trust, Ser 2026-1, Cl M1
5.670%, 01/25/71 (A)(B)		1,660,000		1,634,364
Wells Fargo Commercial Mortgage Trust, Ser 2016-C35, Cl C
4.176%, 07/15/48 (A)		2,000,000		1,986,557
Wells Fargo Commercial Mortgage Trust, Ser 2019-C49, Cl D
3.000%, 03/15/52 (B)		1,500,000		1,215,571
Wells Fargo Commercial Mortgage Trust, Ser 2024-SVEN, Cl A
6.011%, 06/10/37 (B)		1,500,000		1,528,653
Wells Fargo Commercial Mortgage Trust, Ser 609M, Cl A
5.197%, TSFR1M + 1.542%, 08/15/42 (A)(B)		500,000		500,000
Wells Fargo Commercial Mortgage Trust, Ser C50, Cl D
3.000%, 05/15/52 (B)		2,000,000		1,597,339
				114,760,751
Total Mortgage-Backed Securities
(Cost $197,797,829)				200,642,975

U.S. TREASURY OBLIGATIONS — 25.7%

	Face Amount		Value
U.S. Treasury Inflation Indexed Bond
2.375%, 02/15/56	$	3,912,282	$	3,631,792
U.S. Treasury Notes
4.125%, 02/15/36		505,000		494,426
3.875%, 03/31/28		2,385,000		2,384,441
3.875%, 04/15/29		3,775,000		3,771,461
3.875%, 03/31/31		2,910,000		2,890,676
3.875%, 04/30/31		55,250,000		54,883,106
3.833%, USBMMY3M + 0.190%, 10/31/27(A)		49,770,000		49,846,577
3.802%, USBMMY3M + 0.159%, 07/31/27(A)		18,470,000		18,487,632
3.742%, USBMMY3M + 0.099%, 01/31/28(A)		49,850,000		49,853,593
3.625%, 10/31/30		8,220,000		8,092,526

Total U.S. Treasury Obligations
(Cost $194,412,345)				194,336,230

CORPORATE OBLIGATIONS — 23.0%

COMMUNICATION SERVICES — 0.8%
Alphabet
1.100%, 08/15/30	$	2,500,000	$	2,197,971
Charter Communications Operating
6.100%, 06/01/29		810,000		836,601
4.200%, 03/15/28		310,000		306,779
QTS Fayetteville I Dc1-2
5.700%, 04/15/36(B)		1,850,000		1,799,308
Verizon Communications
1.500%, 09/18/30		1,000,000		880,829
				6,021,488
CONSUMER DISCRETIONARY — 0.4%
Ford Motor Credit
5.303%, 09/06/29		560,000		558,383
General Motors Financial
3.600%, 06/21/30		1,625,000		1,552,350
YMCA of Greater New York
5.184%, 08/01/30		500,000		498,035
				2,608,768
ENERGY — 0.4%
Expand Energy
5.375%, 03/15/30		620,000		626,411
Patterson-UTI Energy
3.950%, 02/01/28		1,525,000		1,499,608
Topaz Solar Farms
5.750%, 09/30/39(B)		750,000		748,485
				2,874,504

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

CATHOLIC RESPONSIBLE INVESTMENTS OPPORTUNISTIC BOND FUND

APRIL 30, 2026 (Unaudited)

CORPORATE OBLIGATIONS — continued

	Face Amount		Value
FINANCIALS — 15.3%
African Development Bank
5.750%, H15T5Y + 1.575%(A)(D)	$	1,000,000	$	977,404
4.125%, 02/25/27		1,000,000		1,001,481
Aircastle
5.000%, 09/15/30(B)		1,735,000		1,734,356
American Express
3.550%, H15T5Y + 2.854%(A)(D)		360,000		356,595
Andina de Fomento MTN
4.251%, 02/03/31		1,000,000		974,258
Anglo American Capital
3.875%, 03/16/29(B)		200,000		196,431
2.625%, 09/10/30(B)		200,000		183,272
Arab Energy Fund
1.483%, 10/06/26		500,000		493,864
Arab Petroleum Investments
5.428%, 05/02/29(B)		1,000,000		1,023,892
Ares Capital
7.000%, 01/15/27		240,000		243,155
5.800%, 03/08/32(E)		665,000		660,576
2.875%, 06/15/28		650,000		620,389
Ares Strategic Income Fund
5.700%, 03/15/28		2,105,000		2,106,674
Asian Development Bank MTN
1.750%, 08/14/26		750,000		745,532
Athene Global Funding
5.583%, 01/09/29(B)		2,485,000		2,519,168
Avolon Holdings Funding
5.375%, 05/30/30(B)		3,925,000		3,975,667
Bank of America
6.110%, 01/29/37		1,240,000		1,301,648
Barclays
5.690%, SOFR + 1.740%, 03/12/30(A)		1,910,000		1,960,005
5.674%, SOFR + 1.490%, 03/12/28(A)		760,000		767,009
Blue Owl Capital
2.875%, 06/11/28		810,000		759,839
Blue Owl Credit Income
7.750%, 01/15/29		955,000		984,390
BNP Paribas
5.176%, SOFR + 1.520%, 01/09/30(A)(B)		2,390,000		2,424,783
Charles Schwab
4.000%, H15T5Y + 3.168%(A)(D)		2,560,000		2,555,808
Citadel Finance
5.150%, 02/14/31(B)		2,750,000		2,684,966

CORPORATE OBLIGATIONS — continued

	Face Amount		Value
FINANCIALS — continued
Citibank
4.876%, SOFR + 0.712%, 11/19/27(A)	$	2,000,000	$	2,006,784
4.377%, SOFR + 0.712%, 11/19/27(A)		1,500,000		1,501,190
Citizens Bank
4.575%, SOFR + 2.000%, 08/09/28(A)		520,000		520,778
Clearinghouse Community Development Financial Institution
7.000%, 10/15/30(B)		1,000,000		994,795
Conservation Fund A Nonprofit
3.474%, 12/15/29		3,000,000		2,862,932
Corebridge Financial
6.875%, H15T5Y + 3.846%, 12/15/52(A)		4,123,000		4,183,930
Credit Agricole Corporate & Investment Bank MTN
4.570%, 08/25/30		2,000,000		1,973,806
Enel Finance International
5.125%, 06/26/29(B)		2,000,000		2,029,664
European Investment Bank
3.250%, 11/15/27		700,000		693,156
2.375%, 05/24/27		1,253,000		1,232,792
Fifth Third Bancorp
1.707%, SOFR + 0.685%, 11/01/27(A)		503,000		496,269
Foundry JV Holdco
5.900%, 01/25/33(B)		3,000,000		3,122,502
Goldman Sachs Group
4.387%, SOFR + 1.510%, 06/15/27(A)		1,000,000		999,872
Golub Capital BDC
2.500%, 08/24/26		1,610,000		1,595,410
Inter-American Development Bank
3.951%, SOFRINDX + 0.280%, 04/12/27(A)		1,000,000		1,000,587
3.802%, 11/12/30		1,000,000		977,787
International Bank for Reconstruction & Development
1.123%, 12/12/26(C)		2,500,000		2,460,073
0.000%, 03/31/27(F)		2,500,000		2,408,928
0.000%, 03/31/28(A)(G)		1,000,000		983,168
International Development Association
4.000%, 06/11/30(B)		450,000		449,221
International Finance Facility for Immunisation MTN
4.125%, 10/29/27		1,000,000		1,001,427

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

CATHOLIC RESPONSIBLE INVESTMENTS OPPORTUNISTIC BOND FUND

APRIL 30, 2026 (Unaudited)

CORPORATE OBLIGATIONS — continued

	Face Amount		Value
FINANCIALS — continued
JPMorgan Chase
6.070%, SOFR + 1.330%, 10/22/27(A)	$	5,000,000	$	5,041,538
KEB Hana Bank MTN
4.276%, SOFR + 0.600%, 10/21/28(A)(B)		425,000		426,321
Kreditanstalt fuer Wiederaufbau
1.750%, 09/14/29		1,000,000		931,835
Liberty Utilities Finance GP 1
2.050%, 09/15/30(B)		1,000,000		898,510
LPL Holdings
5.150%, 06/15/30		3,190,000		3,211,769
M&T Bank MTN
4.833%, SOFR + 0.930%, 01/16/29(A)		1,000,000		1,003,915
Mars
4.650%, 04/20/31(B)		1,000,000		1,006,368
National Rural Utilities Cooperative Finance
1.350%, 03/15/31		789,000		676,714
NHP Foundation
5.850%, 12/01/28		250,000		256,952
Oaktree Strategic Credit Fund
8.400%, 11/14/28		1,415,000		1,486,208
PNC Financial Services Group
1.150%, 08/13/26		500,000		495,912
Prudential Financial
5.700%, US0003M + 2.665%, 09/15/48(A)		2,115,000		2,104,328
5.700%, 12/14/36		1,240,000		1,290,441
5.125%, H15T5Y + 3.162%, 03/01/52(A)		1,535,000		1,496,231
Repsol E&P Capital Markets US
5.204%, 09/16/30(B)		1,000,000		1,012,378
4.805%, 09/16/28(B)		1,305,000		1,309,472
Santander Holdings USA
5.353%, SOFR + 1.940%, 09/06/30(A)		785,000		793,623
South Bow USA Infrastructure Holdings
5.026%, 10/01/29		1,580,000		1,590,319
Starwood Property Trust
7.250%, 04/01/29‡(B)		500,000		518,125
6.000%, 04/15/30‡(B)		360,000		364,204
5.250%, 10/15/28‡(B)		180,000		179,140
Swedbank
1.538%, 11/16/26(B)		2,000,000		1,971,933
Toronto-Dominion Bank
5.146%, H15T5Y + 1.500%, 09/10/34(A)		2,935,000		2,948,815
4.568%, 12/17/26		4,820,000		4,834,692

CORPORATE OBLIGATIONS — continued

	Face Amount		Value
FINANCIALS — continued
Truist Bank
4.632%, H15T5Y + 1.150%, 09/17/29(A)	$	2,000,000	$	1,986,380
Truist Financial MTN
7.161%, SOFR + 2.446%, 10/30/29(A)		1,965,000		2,084,654
UBS Group
5.125%, H15T5Y + 4.855%(A)(D)		2,140,000		2,140,850
3.875%, H15T5Y + 3.098%(A)(B)(D)		1,590,000		1,589,996
US Bancorp
5.300%, TSFR3M + 3.176%(A)(D)		985,000		981,771
USAA Capital
2.125%, 05/01/30(B)		2,500,000		2,286,905
Volkswagen Group of America Finance
5.350%, 03/27/30(B)		2,165,000		2,194,530
WLB Asset II D Pte
6.500%, 12/21/26(B)		978,522		950,583
WLB Asset VI Pte
7.250%, 12/21/27(B)		987,888		1,021,837
WLB Asset VII Pte
5.880%, 07/30/29(B)		462,500		461,206
				116,294,688
HEALTH CARE — 0.1%
CVS Pass-Through Trust
6.036%, 12/10/28		757,954		763,252

INDUSTRIALS — 1.4%
Aviation Capital Group
6.375%, 07/15/30(B)		1,300,000		1,371,012
Mileage Plan IP
5.021%, 10/20/29(B)		3,205,000		3,181,018
Norfolk Southern
2.300%, 05/15/31		5,000,000		4,498,570
Southwest Airlines
5.250%, 11/15/35		1,340,000		1,270,767
				10,321,367
INFORMATION TECHNOLOGY — 0.9%
Apple
3.000%, 06/20/27		1,415,000		1,400,464
Arrow Electronics
5.150%, 08/21/29		1,900,000		1,920,259
International Business Machines
4.950%, 02/03/36		1,340,000		1,305,656
Oracle
5.500%, 08/03/35		670,000		638,325
2.875%, 03/25/31		1,000,000		888,914

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

CATHOLIC RESPONSIBLE INVESTMENTS OPPORTUNISTIC BOND FUND

APRIL 30, 2026 (Unaudited)

CORPORATE OBLIGATIONS — continued

	Face Amount		Value
INFORMATION TECHNOLOGY — continued
Salesforce
5.550%, 03/15/36	$	650,000	$	648,204
				6,801,822
MATERIALS — 0.5%
Alcoa Nederland Holding BV
7.125%, 03/15/31(B)		685,000		707,945
Freeport-McMoRan
5.250%, 09/01/29		810,000		816,596
Smurfit Kappa Treasury ULC
5.200%, 01/15/30		2,250,000		2,292,060
				3,816,601
REAL ESTATE — 0.4%
Bridge Housing
3.250%, 07/15/30		2,250,000		2,077,614
ERP Operating
4.150%, 12/01/28‡		1,000,000		994,736
				3,072,350
UTILITIES — 2.8%
Avangrid
3.800%, 06/01/29		2,000,000		1,950,755
California Buyer
6.375%, 02/15/32(B)		675,000		670,847
CenterPoint Energy
7.000%, H15T5Y + 3.254%, 02/15/55(A)		1,500,000		1,547,223
Comision Federal de Electricidad
5.700%, 01/24/30(B)		525,000		530,250
Consumers 2023 Securitization Funding
5.550%, 03/01/28		253,825		255,584
Continental Wind
6.000%, 02/28/33(B)		787,179		798,992
Hanwha Futureproof
4.750%, 04/30/28(B)		500,000		503,691
MidAmerican Energy
3.650%, 04/15/29		1,000,000		982,156
New York State Electric & Gas
2.150%, 10/01/31(B)		1,000,000		873,271
NextEra Energy Capital Holdings
6.700%, H15T5Y + 2.364%, 09/01/54(A)		3,008,000		3,086,196
NRG Energy
4.955%, 04/30/31(B)		1,000,000		993,058
PG&E Recovery Funding
4.838%, 06/01/33		2,169,718		2,191,193
San Diego Gas & Electric
4.950%, 08/15/28		1,000,000		1,013,393
Sempra
6.625%, H15T5Y + 2.354%, 04/01/55(A)		2,029,000		2,042,807

CORPORATE OBLIGATIONS — continued

	Face Amount		Value
UTILITIES — continued
Solar Star Funding
5.375%, 06/30/35(B)	$	1,556,077	$	1,555,673
3.950%, 06/30/35(B)		606,661		574,359
XPLR Infrastructure Operating Partners
7.750%, 04/15/34(B)		285,000		298,704
XPLR Infrastructure Operating Partners LP
7.250%, 01/15/29(B)		1,016,000		1,056,622
				20,924,774
Total Corporate Obligations
(Cost $173,158,841)				173,499,614

ASSET-BACKED SECURITIES — 19.7%

Automotive — 9.2%
American Credit Acceptance Receivables Trust, Ser 2023-1, Cl D
6.350%, 04/12/29 (B)	$	1,776,884	$	1,791,692
American Credit Acceptance Receivables Trust, Ser 2024-1, Cl D
5.860%, 05/13/30 (B)		1,630,000		1,647,500
American Credit Acceptance Receivables Trust, Ser 2025-4, Cl D
5.250%, 09/12/31 (B)		1,515,000		1,513,160
American Credit Acceptance Receivables Trust, Ser 2026-1, Cl D
5.100%, 01/12/33 (B)		935,000		929,006
Bridgecrest Lending Auto Securitization Trust, Ser 2025-2, Cl D
5.620%, 03/17/31		3,055,000		3,092,389
Bridgecrest Lending Auto Securitization Trust, Ser 2026-2, Cl D
5.190%, 02/17/32		1,095,000		1,094,275
Carvana Auto Receivables Trust, Ser 2021-N2, Cl C
1.070%, 03/10/28		72,107		70,924
Consumer Portfolio Services Auto Trust, Ser 2025-A, Cl D
5.660%, 04/15/31 (B)		3,520,000		3,562,141
Consumer Portfolio Services Auto Trust, Ser 2025-B, Cl D
5.560%, 07/15/31 (B)		3,415,000		3,447,476
Consumer Portfolio Services Auto Trust, Ser 2025-D, Cl D
5.450%, 02/17/32 (B)		1,035,000		1,042,510

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

CATHOLIC RESPONSIBLE INVESTMENTS OPPORTUNISTIC BOND FUND

APRIL 30, 2026 (Unaudited)

ASSET-BACKED SECURITIES — continued

	Face Amount		Value
CPS Auto Receivables Trust, Ser 2022-C, Cl D
6.450%, 04/15/30 (B)	$	325,241	$	327,718
CPS Auto Receivables Trust, Ser 2023-B, Cl D
6.340%, 07/16/29 (B)		1,955,000		1,991,516
CPS Auto Receivables Trust, Ser 2023-D, Cl D
7.800%, 01/15/30 (B)		3,555,000		3,680,911
CPS Auto Receivables Trust, Ser 2026-A, Cl D
4.980%, 06/15/32 (B)		2,175,000		2,150,920
CPS Auto Receivables Trust, Ser 2026-B, Cl D
5.200%, 07/15/32 (B)		1,685,000		1,680,079
Drive Auto Receivables Trust, Ser 2025-2, Cl D
4.900%, 12/15/32		1,460,000		1,453,137
Drive Auto Receivables Trust, Ser 2025-S1, Cl R2
6.260%, 06/16/29 (B)		1,656,017		1,666,067
Exeter Automobile Receivables Trust, Ser 2023-1A, Cl D
6.690%, 06/15/29		1,259,476		1,273,204
Exeter Automobile Receivables Trust, Ser 2024-1A, Cl D
5.840%, 06/17/30		1,005,000		1,017,813
Exeter Automobile Receivables Trust, Ser 2024-5A, Cl D
5.060%, 02/18/31		1,110,000		1,115,858
Exeter Automobile Receivables Trust, Ser 2025-3A, Cl D
5.570%, 10/15/31		2,040,000		2,058,345
Exeter Automobile Receivables Trust, Ser 2025-5A, Cl D
5.160%, 03/15/32		3,375,000		3,382,939
Exeter Automobile Receivables Trust, Ser 2026-1A, Cl D
5.000%, 05/17/32		780,000		772,329
Exeter Automobile Receivables Trust, Ser 2026-2A, Cl D
5.510%, 08/16/32		1,685,000		1,696,276
Flagship Credit Auto Trust, Ser 2022-1, Cl D
3.640%, 03/15/28 (B)		1,000,000		981,037
GLS Auto Receivables Issuer Trust, Ser 2021-1A, Cl E
3.140%, 01/18/28 (B)		864,917		864,501
GLS Auto Receivables Issuer Trust, Ser 2022-3A, Cl D
6.420%, 06/15/28 (B)		324,997		327,683
GLS Auto Receivables Issuer Trust, Ser 2023-2A, Cl D
6.310%, 03/15/29 (B)		430,000		437,380

ASSET-BACKED SECURITIES — continued

	Face Amount		Value
GLS Auto Receivables Issuer Trust, Ser 2025-2A, Cl D
5.590%, 01/15/31 (B)	$	1,001,000	$	1,015,223
GLS Auto Receivables Issuer Trust, Ser 2025-4A, Cl D
5.130%, 08/15/31 (B)		1,740,000		1,737,020
GLS Auto Receivables Issuer Trust, Ser 2026-1A, Cl D
5.020%, 12/15/31 (B)		2,295,000		2,281,019
GLS Auto Receivables Issuer Trust, Ser 2026-2A, Cl D
5.380%, 01/15/32 (B)		1,300,000		1,299,811
Octane Receivables Trust, Ser 2023-1A, Cl D
7.760%, 03/20/30 (B)		1,080,000		1,114,201
Octane Receivables Trust, Ser 2023-2A, Cl D
7.380%, 06/20/31 (B)		3,779,000		3,878,852
Octane Receivables Trust, Ser 2023-3A, Cl D
7.580%, 09/20/29 (B)		1,000,000		1,031,608
Octane Receivables Trust, Ser 2024-1A, Cl D
6.430%, 10/21/30 (B)		1,295,000		1,321,113
Octane Receivables Trust, Ser 2024-RPT1, Cl R1
6.680%, 02/22/30		3,875,000		3,875,000
Santander Drive Auto Receivables Trust, Ser 2025-1, Cl D
5.430%, 03/17/31		600,000		605,416
Santander Drive Auto Receivables Trust, Ser 2025-4, Cl D
4.950%, 01/15/32		400,000		398,105
Tesla Auto Lease Trust, Ser 2024-A, Cl A3
5.300%, 06/21/27 (B)		248,868		249,269
Tesla Auto Lease Trust, Ser 2024-B, Cl A3
4.820%, 10/20/27 (B)		824,160		825,854
Tesla Electric Vehicle Trust, Ser 2023-1, Cl A3
5.380%, 06/20/28 (B)		408,436		411,133
Westlake Automobile Receivables Trust, Ser 2024-1A, Cl D
6.020%, 10/15/29 (B)		1,685,000		1,717,349
Westlake Automobile Receivables Trust, Ser 2025-1A, Cl D
5.540%, 11/15/30 (B)		1,435,000		1,453,020

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

CATHOLIC RESPONSIBLE INVESTMENTS OPPORTUNISTIC BOND FUND

APRIL 30, 2026 (Unaudited)

ASSET-BACKED SECURITIES — continued

	Face Amount		Value
Westlake Automobile Receivables Trust, Ser 2026-1A, Cl D
4.750%, 07/15/31 (B)	$	1,175,000	$	1,164,560
				69,447,339
Other Asset-Backed Securities — 10.5%
Affirm Asset Securitization Trust, Ser 2024-X2, Cl D
6.080%, 12/17/29 (B)		710,000		713,520
Affirm Asset Securitization Trust, Ser 2025-X1, Cl D
6.110%, 04/15/30 (B)		1,215,000		1,222,815
AGL CLO 13, Ser 2025-13A, Cl CR
5.475%, TSFR3M + 1.800%, 10/20/34 (A)(B)		1,765,000		1,765,989
AGL CLO 16, Ser 2025-16A, Cl DR
6.075%, TSFR3M + 2.400%, 01/20/35 (A)(B)		3,100,000		2,994,671
AGL CLO, Ser 2025-11A, Cl CR
5.623%, TSFR3M + 1.950%, 10/15/38 (A)(B)		1,655,000		1,657,395
Antares CLO, Ser 2025-1A, Cl A2R
5.367%, TSFR3M + 1.700%, 07/25/37 (A)(B)		2,795,000		2,782,051
Barings Private Credit CLO, Ser 2024-1A, Cl A1AR
5.303%, TSFR3M + 1.630%, 10/15/36 (A)(B)		3,255,000		3,249,558
CIFC Funding, Ser 2025-3A, Cl CR2
5.480%, TSFR3M + 1.800%, 01/16/38 (A)(B)		895,000		894,409
CLI Funding VI, Ser 2020-1A, Cl A
2.080%, 09/18/45 (B)		875,429		822,507
Commonbond Student Loan Trust, Ser 2021-AGS, Cl B
1.400%, 03/25/52 (B)		347,227		267,711
Compass Datacenters Issuer III, Ser 2025-1A, Cl A3
5.852%, 02/25/50 (B)		240,000		241,495
Compass Datacenters Issuer III, Ser 2026-1A, Cl A21
4.897%, 02/25/56 (B)		1,090,000		1,079,750
Compass Datacenters Issuer III, Ser 2026-1A, Cl A22
5.289%, 02/25/56 (B)		600,000		596,462
Consolidated Communications, Ser 2025-1A, Cl B
6.506%, 05/20/55 (B)		660,000		671,200

ASSET-BACKED SECURITIES — continued

	Face Amount		Value
Foundation Finance Trust, Ser 2021-1A, Cl D
4.960%, 05/15/41 (B)	$	632,898	$	627,260
Foundation Finance Trust, Ser 2023-2A, Cl C
7.310%, 06/15/49 (B)		1,173,551		1,218,123
Foundation Finance Trust, Ser 2025-3A, Cl D
5.710%, 08/15/52 (B)		2,290,000		2,269,024
Golub Capital Partners Clo 45M, Ser 2024-45A, Cl A1R
5.295%, TSFR3M + 1.620%, 07/20/37 (A)(B)		3,400,000		3,387,257
Golub Capital Partners Clo 47M, Ser 2024-47A, Cl A1AR
5.278%, TSFR3M + 1.620%, 08/05/37 (A)(B)		1,385,000		1,380,396
Golub Capital Partners CLO, Ser 2025-78A, Cl C
5.672%, TSFR3M + 2.000%, 04/21/39 (A)(B)		1,230,000		1,217,169
Hardee's Funding, Ser 2021-1A, Cl A2
2.865%, 06/20/51 (B)		1,309,688		1,222,279
Home Equity Loan Trust, Ser 2006-HSA2, Cl AI3
4.469%, 03/25/36 (A)		40,889		679
Hotwire Funding, Ser 2024-1A, Cl A2
5.893%, 06/20/54 (B)		500,000		506,065
Iskandar Enterprise, Ser 2026-1A, Cl A21
5.049%, 04/17/56 (B)		880,000		878,270
Madison Park Funding XXXVI, Ser 2025-36A, Cl D1RR
6.223%, TSFR3M + 2.550%, 04/15/35 (A)(B)		6,000,000		5,746,284
MetroNet Infrastructure Issuer, Ser 2025-2A, Cl A2
5.400%, 08/20/55 (B)		4,235,000		4,268,567
Montauk Park CLO, Ser 2026-1A, Cl D1
6.870%, TSFR3M + 3.150%, 04/24/39 (A)(B)		2,315,000		2,315,000
Mosaic Solar Loan Trust, Ser 2022-1A, Cl B
3.160%, 01/20/53 (B)		917,693		615,302
Mosaic Solar Loan Trust, Ser 2023-2A, Cl C
8.180%, 09/22/53 (B)		1,000,000		127,995
MVW Owner Trust, Ser 2024-1A, Cl C
6.200%, 02/20/43 (B)		564,245		572,839

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

CATHOLIC RESPONSIBLE INVESTMENTS OPPORTUNISTIC BOND FUND

APRIL 30, 2026 (Unaudited)

ASSET-BACKED SECURITIES — continued

	Face Amount		Value
MVW Owner Trust, Ser 2024-2A, Cl C
4.920%, 03/20/42 (B)	$	416,964	$	410,443
Neuberger Berman Loan Advisers CLO 35, Ser 2025-35A, Cl DR
6.825%, TSFR3M + 3.150%, 01/19/33 (A)(B)		3,200,000		3,164,755
OHA Credit Funding 17-R, Ser 2026-17RA, Cl D1
5.975%, TSFR3M + 2.300%, 04/20/39 (A)(B)		1,930,000		1,919,746
Pagaya AI Debt Grantor Trust And Pagaya AI Debt Trust, Ser 2024-6, Cl C
7.068%, 11/15/31 (B)		881,928		882,917
Pagaya AI Debt Grantor Trust, Ser 2024-11, Cl D
6.307%, 07/15/32 (B)		620,854		623,656
Pagaya AI Debt Grantor Trust, Ser 2024-9, Cl D
6.174%, 03/15/32 (B)		791,311		794,159
Pagaya AI Debt Grantor Trust, Ser 2025-3, Cl D
6.988%, 12/15/32 (B)		959,805		966,488
Pagaya AI Debt Grantor Trust, Ser 2025-5, Cl D
5.865%, 03/15/33 (B)		719,972		719,818
Pagaya AI Debt Grantor Trust, Ser 2025-R2, Cl D
5.802%, 10/15/32 (B)		1,244,528		1,236,749
Pagaya AI Debt Grantor Trust, Ser 2025-R3, Cl D
5.655%, 01/18/33 (B)		2,122,883		2,116,152
Pagaya AI Debt Trust, Ser 2024-10, Cl D
6.429%, 06/15/32 (B)		720,575		724,012
Pagaya AI Debt Trust, Ser 2025-1, Cl D
6.282%, 07/15/32 (B)		577,092		578,617
Pagaya AI Debt Trust, Ser 2025-4, Cl D
6.572%, 01/17/33 (B)		1,119,960		1,125,547
Pagaya Point of Sale Holdings Grantor Trust, Ser 2025-1, Cl D
6.739%, 01/20/34 (B)		760,000		763,495
Pagaya Point of Sale Holdings Grantor Trust, Ser 2025-2, Cl D
5.799%, 07/20/33 (B)		1,085,000		1,084,621
ServiceMaster Funding, Ser 2020-1, Cl A2I
2.841%, 01/30/51 (B)		937,960		893,094

ASSET-BACKED SECURITIES — continued

	Face Amount		Value
Sierra Timeshare Receivables Funding, Ser 2025-3A, Cl C
4.980%, 08/22/44 (B)	$	981,672	$	971,422
SoFi Consumer Loan Program Trust, Ser 2025-4, Cl D
5.270%, 08/25/35 (B)		2,345,000		2,327,893
SoFi Consumer Loan Program Trust, Ser 2026-1, Cl D
5.060%, 12/26/35 (B)		2,175,000		2,148,247
Sunnova Helios XI Issuer, Ser 2023-A, Cl A
5.300%, 05/20/50 (B)		848,335		797,690
Sunnova Helios XII Issuer, Ser 2023-B, Cl A
5.300%, 08/22/50 (B)		827,261		755,068
Sunrun Neptune Issuer, Ser 2024-1A, Cl A
6.270%, 02/01/55 (B)		1,208,005		1,198,773
Switch ABS Issuer, Ser 2025-2A, Cl A21
5.121%, 10/25/55 (B)		1,090,000		1,074,415
Tesla Sustainable Energy Trust, Ser 2024-1A, Cl A3
5.290%, 06/20/50 (B)		865,000		861,483
Trinity Rail Leasing, Ser 2025-1A, Cl A
5.090%, 10/19/55 (B)		245,930		242,245
Trinity Rail Leasing, Ser 2026-1A, Cl A
5.350%, 04/19/56 (B)		600,000		598,519
Vivint Solar Financing V, Ser 2018-1A, Cl B
7.370%, 04/30/48 (B)		81,943		80,567
Wendy's Funding, Ser 2025-1A, Cl A2I
5.422%, 12/15/55 (B)		1,157,100		1,140,663
Westgate Resorts, Ser 2023-1A, Cl C
7.490%, 12/20/37 (B)		908,165		924,767
Westlake Automobile Receivables Trust, Ser 2025-2A, Cl D
5.080%, 05/15/31 (B)		245,000		245,571
Zayo Issuer, Ser 2025-1A, Cl B
6.088%, 03/20/55 (B)		680,000		685,466
Zayo Issuer, Ser 2025-2A, Cl B
6.586%, 06/20/55 (B)		1,800,000		1,837,940
				79,207,040
Total Asset-Backed Securities
(Cost $150,052,258)				148,654,379

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

CATHOLIC RESPONSIBLE INVESTMENTS OPPORTUNISTIC BOND FUND

APRIL 30, 2026 (Unaudited)

MUNICIPAL BONDS — 2.1%

	Face Amount		Value
Alaska — 0.1%
City of Port Lions Alaska, RB
7.000%, 10/01/32	$	380,000	$	399,267

Arizona — 0.1%
Arizona Industrial Development Authority, RB
4.809%, 10/01/30		500,000		504,183

California — 0.7%
California Community Choice Financing Authority, RB
6.125%, 04/01/30		1,420,000		1,470,986
5.950%, 08/01/29		825,000		840,388
City & County of San Francisco California, GO
3.700%, 06/15/26		2,500,000		2,499,449
City of Los Angeles Department of Airports Customer Facility Charge Revenue, RB
3.258%, 05/15/30		1,000,000		962,505
				5,773,328
Hawaii — 0.1%
State of Hawaii Department of Business Economic Development & Tourism, Ser A-2, RB
3.242%, 01/01/31		562,108		554,089

Illinois — 0.2%
Village of Deerfield Illinois, Ser B, GO
4.000%, 12/01/28		1,250,000		1,245,852

Indiana — 0.0%
City of Fort Wayne Indiana, RB
10.750%, 12/01/29 (H)		234,358		23

Iowa — 0.1%
Iowa Finance Authority, RB
7.000%, 11/01/27 (B)		415,000		417,931

Maryland — 0.0%
Montgomery County Housing Opportunities Commission, GO
4.482%, 12/01/29		250,000		252,647

New Hampshire — 0.4%
New Hampshire Business Finance Authority, RB
3.970%, 02/01/29 (A)(B)		2,500,000		2,500,000
3.840%, 07/01/33 (A)(B)		850,000		850,000
				3,350,000

MUNICIPAL BONDS — continued

	Face Amount		Value
New York — 0.2%
New York State Energy Research & Development Authority, Ser A, RB
5.822%, 04/01/28	$	500,000	$	500,507
4.621%, 04/01/27		820,000		820,401
				1,320,908
Pennsylvania — 0.1%
Redevelopment Authority of the City of Philadelphia, Ser A, RB
5.226%, 09/01/40		275,000		273,313
Redevelopment Authority of the City of Philadelphia, RB
4.132%, 11/01/30		550,000		546,915
				820,228
South Dakota — 0.0%
South Dakota Housing Development Authority, Ser E, RB
5.460%, 05/01/53		180,000		182,708

Wisconsin — 0.1%
Public Finance Authority, RB
6.250%, 06/01/31 (B)		223,432		224,912
Public Finance Authority, Ser A, RB
5.292%, 07/01/29		500,000		501,387
				726,299
Total Municipal Bonds
(Cost $15,677,112)				15,547,463

SOVEREIGN DEBT — 1.5%

CANADA — 0.4%
CDP Financial MTN
1.000%, 05/26/26(B)	$	1,000,000	$	998,021
OMERS Finance Trust
3.500%, 04/19/32		2,000,000		1,903,149

				2,901,170
FINLAND — 0.1%
Kuntarahoitus
3.625%, 10/09/29(B)		1,000,000		987,370

IRELAND — 0.3%
BB Blue Financing DAC
4.395%, 09/20/29		2,395,833		2,328,187

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

CATHOLIC RESPONSIBLE INVESTMENTS OPPORTUNISTIC BOND FUND

APRIL 30, 2026 (Unaudited)

SOVEREIGN DEBT — continued

	Face Amount		Value
JAPAN — 0.5%
Japan Bank for International Cooperation
4.375%, 10/05/27	$	2,046,000	$	2,055,051
1.625%, 01/20/27		1,500,000		1,475,632
Japan International Cooperation Agency
4.250%, 05/22/30		230,000		230,325

				3,761,008
NETHERLANDS — 0.2%
Nederlandse Waterschapsbank
4.375%, 02/28/29(B)		400,000		403,912
1.000%, 05/28/30(B)		1,000,000		885,610

				1,289,522
SOUTH KOREA — 0.0%
Korea Electric Power
4.875%, 01/31/27(B)		250,000		251,138

Total Sovereign Debt
(Cost $11,538,300)				11,518,395

BANK LOAN OBLIGATIONS — 0.3%

ECOLOGICAL SERVICES & EQUIPMENT — 0.3%
Terraform Power Operating Specified Refinancing Term Loan
5.700%, TSFR1M + 2.500%, 05/21/29(A)	$	1,487,123	$	1,474,572
Vistra Zero Operating Company Term Loan
5.668%, 03/20/31		995,000		991,268
				2,465,840
Total Bank Loan Obligations
(Cost $2,478,581)				2,465,840

U.S. GOVERNMENT AGENCY OBLIGATION — 0.0%

United States International Development Finance
1.790%, 10/15/29	$	174,164	$	165,969

Total U.S. Government Agency Obligation
(Cost $168,065)				165,969

SHORT-TERM INVESTMENT — 0.1%

	Shares		Value
State Street Institutional U.S. Government Money Market Fund, Institutional Class, 3.570%, (I)
(Cost $676,260)		676,260	$	676,260
Total Short-Term Investment
(Cost $676,260)				676,260
Total Investments in Securities— 98.9%
(Cost $745,959,591)			$	747,507,125

Percentages are based on Net Assets of $756,184,805.

‡	Real Estate Investment Trust.
(A)	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.
(B)	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, 2026 was $299,260,010 and represented 39.6% of Net Assets.
(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)	Perpetual security with no stated maturity date.
(E)	This security or a partial position of this security is on loan at April 30, 2026. The total market value of securities on loan at April 30, 2026 was $661,929.
(F)	Zero coupon security.
(G)	No interest rate available.
(H)	Security in default and no interest is being accrued.
(I)	This security was purchased with cash collateral received from securities lending. The total was of such securities as of April 30, 2026, was $676,260.

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

CATHOLIC RESPONSIBLE INVESTMENTS OPPORTUNISTIC BOND FUND

APRIL 30, 2026 (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

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

IO — Interest Only

MTN — Medium Term Note

RB — Revenue Bond

REMIC — Real Estate Mortgage Investment Conduit

Ser — Series

SOFRINDX — Secured Overnight Financing Rate Index

TSFR1M — Term Secured Overnight Financing Rate 1 Month

TSFR3M — Term Secured Overnight Financing Rate 3 Month

US0003M — ICE LIBOR USD 1 Month

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

The following is a summary of the inputs used as of April 30, 2026, in valuing the Fund’s investments carried at market value:

Investments in Securities	Level 1		Level 2		Level 3		Total
Mortgage-Backed Securities	$	—	$	200,642,975	$	—	$	200,642,975
U.S. Treasury Obligations		—		194,336,230		—		194,336,230
Corporate Obligations		—		173,499,614		—		173,499,614
Asset-Backed Securities		—		148,654,379		—		148,654,379
Municipal Bonds		—		15,547,463		—		15,547,463
Sovereign Debt		—		11,518,395		—		11,518,395
Bank Loan Obligations		—		2,465,840		—		2,465,840
Short-Term Investment		676,260		—		—		676,260
U.S. Government Agency Obligation		—		165,969		—		165,969
Total Investments in Securities	$	676,260	$	746,830,865	$	—	$	747,507,125

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, 2026 (Unaudited)

SCHEDULE OF INVESTMENTS

COMMON STOCK — 99.6%#

	Shares		Value
COMMUNICATION SERVICES — 11.6%
Alphabet, Cl A		467,129	$	179,751,239
Alphabet, Cl C		378,291		144,484,465
AT&T		728,821		19,044,093
Charter Communications, Cl A *		6,666		1,101,023
Comcast, Cl A		316,105		8,547,479
EchoStar, Cl A *(A)		13,405		1,650,692
Electronic Arts		22,343		4,521,553
Fox, Cl A		15,586		989,555
Fox, Cl B, Cl B		10,942		623,913
Meta Platforms, Cl A		174,422		106,730,566
Netflix *		340,756		31,898,169
News, Cl A		28,632		753,594
News, Cl B, Cl B		9,437		287,640
Omnicom Group		25,688		1,970,751
Paramount Skydance, Cl B		24,080		246,579
TKO Group Holdings, Cl A		5,132		955,014
T-Mobile US		46,347		9,060,838
Trade Desk, Cl A *		34,100		804,419
Verizon Communications		434,365		20,862,551
Walt Disney		151,301		15,697,479
Warner Bros Discovery *		223,327		6,040,995
				556,022,607
CONSUMER DISCRETIONARY — 9.9%
Airbnb, Cl A *		32,790		4,602,404
Amazon.com *		761,596		201,868,636
Aptiv *		16,437		990,494
AutoZone *		1,283		4,752,270
Best Buy		15,095		913,097
Booking Holdings		62,384		10,502,970
Carnival		89,022		2,359,973
Carvana, Cl A *		10,948		4,333,218
Chipotle Mexican Grill, Cl A *		100,800		3,426,192
Darden Restaurants		8,913		1,787,591
Deckers Outdoor *		10,989		1,123,076
Domino's Pizza		2,406		816,644
DoorDash, Cl A *		28,939		4,880,562
DR Horton		20,857		3,209,058
eBay		34,991		3,620,869
Expedia Group		9,058		2,249,735
Ford Motor		303,317		3,664,069
Garmin		12,701		3,189,729
General Motors		70,016		5,383,530
Genuine Parts		10,769		1,154,760
Hasbro		10,300		987,152
Hilton Worldwide Holdings		17,750		5,752,242
Home Depot		77,066		25,339,301
Lennar, Cl A		16,723		1,510,087
Lowe's		43,425		10,369,456
Lululemon Athletica *		8,264		1,137,953
Marriott International, Cl A		17,026		6,158,134

COMMON STOCK — continued

	Shares		Value
CONSUMER DISCRETIONARY— continued
McDonald's		55,130	$	16,185,617
NIKE, Cl B		92,235		4,091,545
Norwegian Cruise Line Holdings *		35,271		641,227
NVR *		216		1,364,228
O'Reilly Automotive *		65,126		6,473,524
Pool		2,538		541,406
PulteGroup		14,874		1,819,983
Ralph Lauren, Cl A		2,992		1,073,051
Ross Stores		25,039		5,703,634
Royal Caribbean Cruises		19,477		5,137,254
Starbucks		88,197		9,289,790
Tapestry		18,750		2,719,500
Tesla *		217,720		83,088,484
TJX		85,965		13,475,014
Tractor Supply		40,880		1,434,888
Ulta Beauty *		3,434		1,845,706
Versigent *		—		12
Williams-Sonoma		9,242		1,674,743
Yum! Brands		21,494		3,431,517
				476,074,325
CONSUMER STAPLES — 5.6%
Archer-Daniels-Midland		100,549		7,494,922
Brown-Forman, Cl B		51,473		1,326,459
Bunge Global		38,431		4,883,427
Campbell's (A)		61,987		1,288,710
Casey's General Stores		3,865		3,177,610
Clorox		9,406		907,115
Coca-Cola		447,138		35,216,589
Colgate-Palmolive		92,484		7,894,434
Conagra Brands		101,610		1,458,104
Constellation Brands, Cl A		26,975		4,223,746
Costco Wholesale		39,733		40,310,320
Dollar General		17,040		1,974,595
Dollar Tree *		14,316		1,390,227
Estee Lauder, Cl A		19,117		1,466,465
General Mills		141,460		4,994,953
Hershey		26,607		4,941,984
Hormel Foods		108,317		2,325,566
J M Smucker		25,893		2,538,291
Kenvue		169,281		2,967,496
Keurig Dr Pepper		239,490		7,041,006
Kimberly-Clark		36,371		3,579,997
Kraft Heinz		185,656		4,206,965
Kroger		46,242		3,147,693
McCormick		41,861		2,128,213
Molson Coors Beverage, Cl B		32,528		1,390,247
Mondelez International, Cl A		190,428		11,699,896
Monster Beverage *		116,808		9,002,393
PepsiCo		170,588		27,036,492
Sysco		37,418		2,795,499

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

CATHOLIC RESPONSIBLE INVESTMENTS EQUITY INDEX FUND

APRIL 30, 2026 (Unaudited)

COMMON STOCK — continued

	Shares		Value
CONSUMER STAPLES— continued
Target		45,315	$	5,879,621
Tyson Foods, Cl A		63,277		4,054,157
Walmart		429,484		56,661,824
				269,405,016
ENERGY — 3.6%
APA		27,452		1,118,120
Baker Hughes, Cl A		76,531		5,331,915
Chevron		149,796		28,957,012
ConocoPhillips		94,844		11,929,478
Coterra Energy		58,739		2,109,317
Devon Energy		47,980		2,464,733
Diamondback Energy		15,026		3,089,796
EOG Resources		42,004		5,904,502
EQT Corporation		48,300		2,901,864
Expand Energy Corporation		18,438		1,883,442
Exxon Mobil		340,792		52,594,429
Halliburton		64,813		2,741,590
Kinder Morgan		151,514		4,980,265
Marathon Petroleum		22,837		5,670,199
Occidental Petroleum		55,687		3,373,518
ONEOK		48,700		4,502,802
Phillips 66		31,192		5,588,047
SLB Limited		115,742		6,583,405
Targa Resources		16,618		4,322,009
Texas Pacific Land		4,483		1,988,973
Valero Energy		24,579		6,208,164
Williams		94,547		7,214,882
				171,458,462
FINANCIALS — 12.4%
Aflac		42,126		4,788,462
Allstate		29,715		6,455,881
American Express		41,969		13,558,086
American International Group		41,526		3,106,145
Ameriprise Financial		7,068		3,355,816
Aon, Cl A		16,605		5,174,948
Apollo Global Management		35,946		4,626,969
Arch Capital Group *		27,663		2,613,047
Ares Management, Cl A		15,948		1,872,295
Arthur J Gallagher		19,893		4,105,915
Assurant		3,877		916,019
Bank of America		513,669		27,460,745
Bank of New York Mellon		57,698		7,752,880
Berkshire Hathaway, Cl B *		155,142		73,475,251
Blackstone		57,958		7,278,366
Block, Cl A *		42,400		2,989,624
Brown & Brown		22,704		1,365,646
Capital One Financial		48,392		9,257,294
Cboe Global Markets		8,101		2,431,029
Charles Schwab		129,888		11,902,936
Chubb		49,311		16,124,697
Cincinnati Financial		12,078		1,975,961

COMMON STOCK — continued

	Shares		Value
FINANCIALS— continued
Citigroup		135,280	$	17,313,134
Citizens Financial Group		32,949		2,143,332
CME Group, Cl A		27,915		8,034,495
Coinbase Global, Cl A *		17,266		3,242,037
Corpay *		5,416		1,659,842
Erie Indemnity, Cl A		1,967		430,635
Everest Group		3,151		1,124,151
FactSet Research Systems		2,872		653,610
Fidelity National Information Services		40,127		1,867,109
Fifth Third Bancorp		69,626		3,534,216
Fiserv *		41,675		2,610,939
Franklin Resources		23,760		712,087
Global Payments		18,465		1,328,741
Globe Life		6,163		950,951
Goldman Sachs Group		26,501		24,480,829
Hartford Insurance Group		22,653		3,099,157
Huntington Bancshares		157,151		2,633,851
Interactive Brokers Group, Cl A		34,500		2,742,750
Intercontinental Exchange		43,963		6,950,111
Invesco		34,386		901,257
Jack Henry & Associates		5,587		859,001
JPMorgan Chase		212,157		66,453,937
KeyCorp		72,567		1,604,456
Loews		13,080		1,472,939
M&T Bank		11,754		2,569,777
Marsh & McLennan		37,478		6,285,435
Mastercard, Cl A		68,139		34,268,466
MetLife		42,629		3,414,583
Moody's		11,877		5,485,392
Morgan Stanley		111,534		21,257,265
MSCI, Cl A		5,688		3,363,940
Nasdaq		34,717		3,190,840
Northern Trust		14,425		2,399,455
PayPal Holdings		71,299		3,574,932
PNC Financial Services Group		31,267		6,972,541
Principal Financial Group		15,339		1,547,859
Progressive		50,942		10,253,606
Prudential Financial		26,916		2,640,729
Raymond James Financial		13,579		2,149,827
Regions Financial		67,180		1,917,989
Robinhood Markets, Cl A *		61,226		4,462,763
S&P Global		23,689		10,215,408
State Street		21,604		3,301,955
Synchrony Financial		26,861		2,046,808
T Rowe Price Group		16,923		1,741,038
Travelers		25,502		7,781,680
Truist Financial		97,734		5,033,301
US Bancorp		120,338		6,818,351
Visa, Cl A		140,464		46,330,646
W R Berkley		23,017		1,538,226
Wells Fargo		239,435		19,688,740

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

CATHOLIC RESPONSIBLE INVESTMENTS EQUITY INDEX FUND

APRIL 30, 2026 (Unaudited)

COMMON STOCK — continued

	Shares		Value
FINANCIALS— continued
Willis Towers Watson		7,361	$	1,885,888
				591,529,019
HEALTH CARE — 6.0%
Align Technology *		16,873		2,969,817
Baxter International		143,200		2,517,456
Boston Scientific *		240,462		13,853,016
Cardinal Health		53,973		10,410,312
Cencora, Cl A		37,319		11,494,625
Centene *		61,400		3,296,566
Cigna Group		45,084		13,100,509
CVS Health		156,839		13,063,120
DaVita *		17,610		2,732,015
Dexcom *		69,713		4,151,409
Edwards Lifesciences *		111,934		9,346,489
Elevance Health		34,755		13,082,477
Henry Schein *		55,530		4,141,983
Humana		21,195		5,011,346
IDEXX Laboratories *		14,912		8,362,650
Insulet *		19,839		3,415,085
Intuitive Surgical *		44,171		20,213,091
Medtronic		217,543		17,614,457
Quest Diagnostics		40,323		7,830,727
ResMed		40,590		8,678,548
STERIS		32,747		7,102,169
Stryker		57,269		18,047,180
West Pharmaceutical Services		91,589		27,255,971
Zimmer Biomet Holdings		77,336		6,374,806
Zoetis, Cl A		427,236		49,119,323
				283,185,147
INDUSTRIALS — 8.3%
A O Smith		8,656		535,287
Allegion		10,774		1,481,210
AMETEK		35,022		8,247,681
Automatic Data Processing		38,765		8,215,854
Axon Enterprise *		6,109		2,454,352
Broadridge Financial Solutions		9,038		1,391,671
Builders FirstSource *		8,572		677,959
Carrier Global		90,186		6,057,794
Caterpillar		46,045		40,985,115
CH Robinson Worldwide		9,183		1,669,561
Cintas		31,389		5,483,972
Comfort Systems USA		4,338		7,983,005
Copart *		68,992		2,284,325
CSX		143,982		6,541,102
Cummins		18,910		12,688,799
Deere		28,365		16,731,663
Delta Air Lines		50,300		3,419,897
Dover		21,323		4,827,740
EMCOR Group		6,946		6,193,540
Equifax		9,321		1,621,295

COMMON STOCK — continued

	Shares		Value
INDUSTRIALS— continued
Expeditors International of Washington		10,375	$	1,534,359
Fastenal		147,058		6,607,316
FedEx		18,146		7,318,463
GE Vernova		25,454		27,578,391
Generac Holdings *		6,197		1,606,448
Howmet Aerospace		41,653		10,123,345
Hubbell, Cl B		8,241		4,187,829
IDEX		10,570		2,302,675
Illinois Tool Works		36,849		9,507,410
Ingersoll Rand		46,259		3,694,244
JB Hunt Transport Services		5,785		1,455,101
Johnson Controls International		78,171		11,415,311
Lennox International		2,885		1,543,158
Masco		22,791		1,636,850
Nordson		9,390		2,708,546
Norfolk Southern		17,385		5,490,705
Old Dominion Freight Line		14,245		3,026,065
Otis Worldwide		44,981		3,503,120
PACCAR		73,234		8,700,199
Parker-Hannifin		15,538		14,130,568
Paychex		24,980		2,313,897
Pentair		16,050		1,295,396
Quanta Services		17,897		13,024,900
Republic Services, Cl A		24,697		5,167,106
Rockwell Automation		14,913		6,098,075
Rollins		26,670		1,486,319
Snap-on		9,049		3,469,387
Southwest Airlines		38,071		1,443,652
Stanley Black & Decker		15,987		1,249,544
Trane Technologies		25,621		12,619,367
Uber Technologies *		159,300		11,885,373
Union Pacific		45,936		12,378,833
United Airlines Holdings *		25,042		2,253,780
United Parcel Service, Cl B		57,208		6,224,230
United Rentals		6,956		6,676,647
Veralto		19,196		1,693,087
Verisk Analytics, Cl A		10,789		1,990,463
Vertiv Holdings, Cl A		36,107		11,860,788
Waste Management		42,046		9,777,797
Westinghouse Air Brake Technologies		25,572		6,901,627
WW Grainger		6,029		7,001,779
Xylem		34,066		4,025,239
				398,399,211
INFORMATION TECHNOLOGY — 35.3%
Accenture, Cl A		48,161		8,606,852
Adobe *		31,778		7,820,566
Advanced Micro Devices *		128,692		45,620,027
Akamai Technologies *		11,154		1,148,639
Amphenol, Cl A		106,605		15,699,718

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

CATHOLIC RESPONSIBLE INVESTMENTS EQUITY INDEX FUND

APRIL 30, 2026 (Unaudited)

COMMON STOCK — continued

	Shares		Value
INFORMATION TECHNOLOGY— continued
Analog Devices		41,900	$	16,854,694
Apple		1,165,495		316,257,068
Applied Materials		66,507		26,236,346
AppLovin, Cl A *		20,979		9,363,977
Arista Networks *		85,051		14,689,158
Autodesk *		16,412		3,889,644
Broadcom		372,209		155,371,203
Cadence Design Systems *		22,121		7,290,860
CDW		10,079		1,379,916
Ciena *		12,912		6,812,113
Cisco Systems		343,150		31,398,225
Cognizant Technology Solutions, Cl A		37,001		1,957,353
Coherent *		18,249		5,834,388
Crowdstrike Holdings, Cl A *		19,516		8,699,257
Datadog, Cl A *		25,413		3,359,344
Dell Technologies, Cl C		26,218		5,478,251
EPAM Systems *		4,277		486,637
F5 *		4,375		1,417,063
Fair Isaac *		1,836		1,881,900
First Solar *		8,307		1,677,100
Fortinet *		48,970		4,128,661
Gartner *		5,454		809,864
Gen Digital		42,648		822,680
GoDaddy, Cl A *		10,439		906,001
Hewlett Packard Enterprise		107,919		3,104,830
HP		71,023		1,481,540
Intel *		372,966		35,237,828
International Business Machines		79,671		18,402,408
Intuit		21,542		8,369,067
Jabil		9,169		3,094,446
Keysight Technologies *		15,279		5,346,275
KLA		11,357		19,878,725
Lam Research		104,978		27,069,627
Lumentum Holdings *		6,002		5,415,725
Microchip Technology		41,928		3,895,531
Micron Technology		89,664		46,370,634
Microsoft		600,282		244,782,994
Monolithic Power Systems		4,110		6,635,225
Motorola Solutions		12,824		5,630,121
NetApp		15,333		1,698,436
NVIDIA		1,903,830		379,947,353
NXP Semiconductors		19,483		5,720,014
ON Semiconductor *		30,500		3,074,705
Oracle		136,276		21,993,584
Palo Alto Networks *		66,360		11,899,675
PTC *		9,212		1,255,596
Qnity Electronics		16,216		2,280,872
QUALCOMM		82,819		14,872,636
Roper Technologies		8,252		2,927,892
Salesforce		74,436		13,140,187

COMMON STOCK — continued

	Shares		Value
INFORMATION TECHNOLOGY— continued
Sandisk *		11,974	$	13,129,611
Seagate Technology Holdings		18,851		12,698,787
ServiceNow *		80,943		7,148,076
Skyworks Solutions		11,689		820,217
Super Micro Computer *		39,000		1,068,600
Synopsys *		15,126		7,299,808
TE Connectivity		24,799		5,248,956
Teradyne		14,881		5,111,177
Texas Instruments		73,681		20,710,255
Trimble *		18,400		1,238,688
Tyler Technologies *		3,331		1,136,337
VeriSign		6,389		1,716,469
Western Digital		28,814		12,520,259
Workday, Cl A *		16,489		2,018,254
Zebra Technologies, Cl A *		3,808		861,598
				1,692,150,523
MATERIALS — 2.0%
Air Products and Chemicals		17,237		5,171,962
Albemarle		13,205		2,597,423
Amcor		35,807		1,362,098
Avery Dennison		5,984		980,957
Ball		20,768		1,268,509
CF Industries Holdings		12,397		1,539,707
Corteva		57,439		4,653,133
CRH		51,888		6,144,577
Dow		55,528		2,248,329
DuPont de Nemours		31,665		1,445,824
Ecolab		19,734		5,142,680
Freeport-McMoRan		119,551		6,907,657
International Flavors & Fragrances		19,867		1,394,663
International Paper		40,830		1,242,049
Linde		40,649		20,370,840
LyondellBasell Industries, Cl A		19,895		1,484,167
Martin Marietta Materials		4,669		2,890,438
Mosaic		24,566		571,651
Newmont		101,529		11,278,857
Nucor		17,717		3,991,463
Packaging Corp of America		6,919		1,476,861
PPG Industries		17,372		1,884,862
Sherwin-Williams		17,847		5,739,774
Smurfit WestRock		40,441		1,552,530
Steel Dynamics		10,627		2,429,970
Vulcan Materials		10,229		3,086,498
				98,857,479
REAL ESTATE — 2.3%
American Tower ‡		36,241		6,621,593
AvalonBay Communities ‡		10,961		2,005,863
BXP ‡		11,372		664,807
Camden Property Trust ‡		8,005		840,685
CBRE Group, Cl A *		33,561		4,790,162

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

CATHOLIC RESPONSIBLE INVESTMENTS EQUITY INDEX FUND

APRIL 30, 2026 (Unaudited)

COMMON STOCK — continued

	Shares		Value
REAL ESTATE— continued
CoStar Group *		32,800	$	1,135,208
Crown Castle International ‡		33,708		2,992,596
Digital Realty Trust ‡		36,197		7,273,425
Equinix ‡		10,497		11,366,466
Equity Residential ‡		26,582		1,737,931
Essex Property Trust ‡		4,989		1,313,155
Extra Space Storage ‡		16,431		2,355,055
Federal Realty Investment Trust ‡		6,078		674,050
Host Hotels & Resorts ‡		49,491		1,045,745
Invitation Homes ‡		43,700		1,257,249
Iron Mountain ‡		22,902		2,885,423
Kimco Realty ‡		52,155		1,232,944
Mid-America Apartment Communities ‡		9,050		1,169,079
Prologis ‡		104,650		14,862,393
Public Storage ‡		12,228		3,698,359
Realty Income ‡		123,230		7,916,295
Regency Centers ‡		12,787		995,468
SBA Communications, Cl A ‡		8,248		1,824,458
Simon Property Group ‡		39,100		7,965,061
UDR ‡		23,283		846,104
Welltower ‡		91,699		19,929,861
Weyerhaeuser ‡		55,769		1,367,456
				110,766,891
UTILITIES — 2.6%
Alliant Energy		19,900		1,461,257
American Water Works		15,109		1,940,298
Atmos Energy		20,232		3,843,675
CenterPoint Energy		67,086		2,928,304
CMS Energy		23,737		1,821,577
Consolidated Edison		47,649		5,312,387
Constellation Energy		25,164		7,876,332
Dominion Energy		149,467		9,640,622
Edison International		32,887		2,285,318
Entergy		75,118		8,857,163

COMMON STOCK — continued

	Shares		Value
UTILITIES— continued
Eversource Energy		37,469	$	2,649,058
Exelon		158,013		7,267,018
FirstEnergy		67,557		3,210,309
NextEra Energy		282,988		27,698,865
NRG Energy		16,441		2,557,891
PG&E		199,600		3,317,352
Pinnacle West Capital		9,266		961,070
Public Service Enterprise Group		53,946		4,405,230
Sempra		102,824		9,780,619
Southern		186,643		18,048,378
				125,862,723
Total Common Stock
(Cost $1,826,989,743)				4,773,711,403

RIGHTS — 0.0%
	Number of Rights
Abiomed(B)(C)
Expires		5,594	—

TPG(B)(C)
Expires		95,481	—

Total Rights
(Cost $–)			—

SHORT-TERM INVESTMENT — 0.0%
	Shares
State Street Institutional U.S. Government Money Market Fund, Institutional Class, 3.570%, (D)
(Cost $1,659,126)		1,659,126	$	1,659,126
Total Short-Term Investment
(Cost $1,659,126)				1,659,126
Total Investments in Securities— 99.6%
(Cost $1,828,648,869)			$	4,775,370,529

Percentages are based on Net Assets of $4,792,630,713.

A list of the open futures contracts held by the Fund at April 30, 2026, is as follows:

Type of Contract	Number of Contracts		Expiration Date	Notional Amount		Value		Unrealized Appreciation/ (Depreciation)
Long Contracts
S&P 500 Index E-Mini		44	Jun-2026	$	15,147,878	$	15,936,250	$	788,372

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

CATHOLIC RESPONSIBLE INVESTMENTS EQUITY INDEX FUND

APRIL 30, 2026 (Unaudited)

*	Non-income producing security.
‡	Real Estate Investment Trust.
#	More narrow industries are utilized for compliance purposes, whereas broad sectors are utilized for reporting purposes.
(A)	This security or a partial position of this security is on loan at April 30, 2026. The total market value of securities on loan at April 30, 2026 was $1,623,193.
(B)	Level 3 security in accordance with fair value hierarchy.
(C)	Expiration Date or Rate unavailable.
(D)	This security was purchased with cash collateral received from securities lending. The total was of such securities as of April 30, 2026, was $1,659,126.

Cl — Class

The following is a summary of the inputs used as of April 30, 2026, 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
Total Common Stock	$	4,773,711,403	$	—	$	—		$	4,773,711,403
Short-Term Investment		1,659,126		—		—			1,659,126
Rights		—		—		—	#		—
Total Investments in Securities	$	4,775,370,529	$	—	$	—		$	4,775,370,529

Other Financial Instruments	Level 1		Level 2		Level 3		Total
Futures Contracts*
Unrealized Appreciation	$	788,372	$	—	$	—	$	788,372
Total Other Financial Instruments	$	788,372	$	—	$	—	$	788,372

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 Notes to Financial Statements.

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

CATHOLIC RESPONSIBLE INVESTMENTS SMALL-CAP FUND

April 30, 2026 (Unaudited)

SCHEDULE OF INVESTMENTS

COMMON STOCK — 99.8%

	Shares		Value
COMMUNICATION SERVICES — 4.1%
Angi, Cl A *		1‌	$	7‌
Cable One *		2,453‌		224,425‌
Cargurus, Cl A *		30,500‌		1,112,030‌
Cinemark Holdings		39,720‌		1,172,534‌
Cogent Communications Holdings		22,982‌		520,542‌
DoubleVerify Holdings, Cl Rights *		54,376‌		599,224‌
Gogo *		41,859‌		174,971‌
IAC *		26,804‌		1,194,386‌
Iridium Communications		40,671‌		1,589,016‌
John Wiley & Sons, Cl A		15,145‌		619,885‌
Lumen Technologies *		366,362‌		3,238,640‌
Madison Square Garden Sports *		6,941‌		2,377,015‌
Match Group		88,632‌		3,316,610‌
QuinStreet *		21,436‌		273,523‌
Scholastic (A)		7,600‌		306,736‌
Shenandoah Telecommunications		23,180‌		364,621‌
Shutterstock		9,155‌		148,036‌
Sphere Entertainment *		10,324‌		1,470,654‌
Telephone and Data Systems		38,414‌		1,730,935‌
TripAdvisor *		46,350‌		515,876‌
Uniti Group *		67,328‌		796,487‌
Versant Media Group		56,460‌		2,269,127‌
Yelp, Cl A *		21,964‌		606,206‌
Ziff Davis *		15,898‌		727,493‌
ZoomInfo Technologies, Cl A *		100,985‌		631,156‌
				25,980,135‌
CONSUMER DISCRETIONARY — 12.9%
Abercrombie & Fitch, Cl A *		350‌		29,873‌
Academy Sports & Outdoors		25,035‌		1,372,919‌
Acushnet Holdings		10,352‌		1,002,281‌
Adient *		29,446‌		619,838‌
ADT		199,150‌		1,499,600‌
Advance Auto Parts		23,442‌		1,395,033‌
American Eagle Outfitters		59,512‌		1,036,699‌
Asbury Automotive Group *		7,299‌		1,486,733‌
BJ's Restaurants *		9,990‌		383,616‌
Boot Barn Holdings *		11,630‌		1,993,964‌
Brinker International *		17,053‌		2,596,149‌
Buckle		11,322‌		629,616‌
Callaway Golf *		53,891‌		824,532‌
CarMax *		53,252‌		2,093,336‌
Carter's		13,716‌		495,422‌
Cavco Industries *		2,914‌		1,477,398‌
Century Communities		9,505‌		532,470‌
Champion Homes *		20,769‌		1,583,221‌
Cheesecake Factory		19,215‌		1,208,047‌
Covista *		13,952‌		1,607,549‌

COMMON STOCK — continued
	Shares		Value
CONSUMER DISCRETIONARY— continued
Cracker Barrel Old Country Store (A)		10,924‌	$	342,140‌
Dana		42,163‌		1,536,841‌
Dauch *		88,632‌		506,089‌
Dorman Products *		10,442‌		1,174,829‌
Dream Finders Homes, Cl A *		10,815‌		157,899‌
Ethan Allen Interiors		8,745‌		186,618‌
Etsy *		37,675‌		2,424,010‌
Fox Factory Holding *		15,748‌		279,527‌
Frontdoor *		28,884‌		1,982,309‌
Gentherm *		11,494‌		345,969‌
G-III Apparel Group		13,991‌		436,379‌
Green Brick Partners *		11,451‌		772,255‌
Group 1 Automotive		4,429‌		1,580,577‌
Installed Building Products		8,518‌		2,457,869‌
Kohl's		42,133‌		597,024‌
Kontoor Brands		19,203‌		1,408,732‌
Laureate Education, Cl A *		53,482‌		1,609,541‌
La-Z-Boy, Cl Z		15,521‌		539,200‌
LCI Industries		9,085‌		1,083,114‌
Leggett & Platt		50,963‌		553,968‌
LGI Homes *		7,627‌		373,494‌
Life Time Group Holdings *		62,475‌		1,674,955‌
LKQ		96,102‌		3,034,901‌
M/I Homes *		9,818‌		1,290,969‌
MarineMax *		10,220‌		293,723‌
Marriott Vacations Worldwide		13,415‌		966,014‌
Matthews International, Cl A		15,796‌		450,818‌
Meritage Homes		25,080‌		1,688,887‌
Mister Car Wash *		55,108‌		390,165‌
Mohawk Industries *		19,502‌		2,058,631‌
Monro		14,844‌		260,661‌
National Vision Holdings *		31,573‌		733,125‌
OneSpaWorld Holdings		44,134‌		1,088,344‌
Oxford Industries		6,798‌		291,226‌
Papa John's International		15,664‌		566,880‌
Patrick Industries		12,494‌		1,161,942‌
Perdoceo Education		25,025‌		849,349‌
Phinia		14,235‌		1,027,055‌
Pursuit Attractions and Hospitality *		11,308‌		475,841‌
Sabre *		217,407‌		397,855‌
Sally Beauty Holdings *		36,499‌		517,556‌
Shake Shack, Cl A *		16,676‌		1,708,623‌
Signet Jewelers		15,275‌		1,359,933‌
Six Flags Entertainment *		46,424‌		871,843‌
Sonic Automotive, Cl A		5,584‌		439,740‌
Sonos *		46,476‌		689,239‌
Standard Motor Products		7,868‌		294,027‌
Steven Madden		27,269‌		1,024,224‌
Strategic Education		9,803‌		768,555‌
Stride *		16,913‌		1,643,267‌

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

CATHOLIC RESPONSIBLE INVESTMENTS SMALL-CAP FUND

April 30, 2026 (Unaudited)

COMMON STOCK — continued
	Shares		Value
CONSUMER DISCRETIONARY— continued
Tri Pointe Homes *		31,718‌	$	1,487,257‌
Under Armour, Cl A *		85,438‌		537,405‌
Under Armour, Cl C *		59,998‌		364,188‌
United Parks & Resorts *		11,114‌		391,769‌
Upbound Group, Cl A		19,619‌		387,671‌
Urban Outfitters *		20,202‌		1,421,009‌
Versigent *		26,672‌		932,720‌
Victoria's Secret *		30,869‌		1,599,940‌
Wendy's (A)		59,349‌		413,069‌
Winmark		1,114‌		423,866‌
Winnebago Industries		10,638‌		346,905‌
Wolverine World Wide		31,659‌		538,836‌
XPEL *		9,482‌		451,533‌
				81,531,196‌
CONSUMER STAPLES — 2.9%
Andersons		12,852‌		1,009,396‌
Cal-Maine Foods		16,818‌		1,299,359‌
Central Garden & Pet *		3,075‌		113,837‌
Central Garden & Pet, Cl A *		19,170‌		643,345‌
Chefs' Warehouse *		14,695‌		1,140,332‌
Edgewell Personal Care		17,540‌		395,527‌
Energizer Holdings		22,897‌		448,323‌
Fresh Del Monte Produce		13,779‌		577,202‌
Freshpet *		19,855‌		1,337,830‌
Grocery Outlet Holding *		52,605‌		416,106‌
Inter Parfums		6,869‌		626,590‌
J & J Snack Foods		6,696‌		590,989‌
John B Sanfilippo & Son		3,412‌		279,067‌
Lamb Weston Holdings		54,169‌		2,359,060‌
National Beverage *		10,135‌		346,820‌
PriceSmart		9,783‌		1,535,148‌
Reynolds Consumer Products		20,592‌		431,814‌
Simply Good Foods *		34,427‌		460,289‌
Tootsie Roll Industries		9,181‌		387,622‌
United Natural Foods *		25,444‌		1,272,709‌
Vita Coco *		18,194‌		1,200,622‌
Vital Farms *		16,755‌		228,706‌
WD-40		5,063‌		1,063,027‌
				18,163,720‌
ENERGY — 5.8%
Archrock		70,210‌		2,720,637‌
Atlas Energy Solutions, Cl A		38,474‌		668,678‌
Bristow Group		10,613‌		521,417‌
Cactus, Cl A		28,613‌		1,594,316‌
California Resources		31,302‌		2,136,674‌
Comstock Resources *		35,315‌		615,187‌
Core Laboratories		23,141‌		339,016‌
Crescent Energy, Cl A		102,180‌		1,374,324‌
CVR Energy *		15,254‌		505,518‌
Dorian LPG		15,862‌		611,480‌
Helix Energy Solutions Group *		65,196‌		674,779‌

COMMON STOCK — continued
	Shares		Value
ENERGY— continued
Helmerich & Payne		42,582	‌$	1,719,461‌
Innovex International *		19,017‌		528,102‌
International Seaways		16,187‌		1,342,712‌
Kinetik Holdings, Cl A (A)		19,928‌		1,007,161‌
Kodiak Gas Services		34,024‌		2,306,827‌
Liberty Energy, Cl A		64,482‌		2,178,847‌
Magnolia Oil & Gas, Cl A		72,609‌		2,195,696‌
Noble		50,402‌		2,572,014‌
Northern Oil and Gas		45,824‌		1,244,580‌
Par Pacific Holdings *		19,628‌		1,288,971‌
Patterson-UTI Energy		144,335‌		1,763,774‌
REX American Resources *		12,246‌		593,931‌
RPC		52,004‌		409,792‌
SM Energy		87,043‌		2,700,944‌
Talos Energy *		59,975‌		954,802‌
Tidewater *		18,283‌		1,633,220‌
World Kinect		30,693‌		827,790‌
				37,030,650‌
FINANCIALS — 18.2%
Acadian Asset Management		9,936‌		669,190‌
Adamas Trust ^{^‡}		31,358‌		281,595‌
Ameris Bancorp		24,110‌		2,055,377‌
AMERISAFE		7,124‌		215,857‌
Apollo Commercial Real Estate Finance ^‡		49,359‌		539,987‌
Arbor Realty Trust ^‡(A)		73,596‌		581,408‌
ARMOUR Residential REIT ^‡		42,020‌		737,031‌
Artisan Partners Asset Management, Cl A		26,455‌		990,475‌
Assured Guaranty		16,265‌		1,332,103‌
Atlantic Union Bankshares		53,230‌		2,004,110‌
Axos Financial *		21,280‌		2,052,243‌
Banc of California		50,402‌		944,029‌
BancFirst		7,807‌		871,339‌
Bancorp *		15,902‌		951,417‌
Bank of Hawaii		14,937‌		1,187,641‌
BankUnited		27,835‌		1,293,771‌
Banner		12,802‌		856,582‌
Beacon Financial Corporation		31,469‌		897,820‌
BGC Group, Cl A		136,353‌		1,531,244‌
Blackstone Mortgage Trust, Cl A ^‡		59,552‌		1,130,892‌
Bread Financial Holdings		16,557‌		1,403,702‌
Capitol Federal Financial		44,671‌		343,073‌
Cathay General Bancorp		25,230‌		1,413,637‌
Central Pacific Financial		9,863‌		328,241‌
City Holding		5,413‌		665,582‌
Cohen & Steers		10,348‌		727,361‌
Community Financial System		19,779‌		1,253,197‌
Customers Bancorp *		11,939‌		910,588‌
CVB Financial		62,637‌		1,275,916‌
Dime Community Bancshares		15,340‌		550,553‌

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

CATHOLIC RESPONSIBLE INVESTMENTS SMALL-CAP FUND

April 30, 2026 (Unaudited)

COMMON STOCK — continued
	Shares		Value
FINANCIALS— continued
Donnelley Financial Solutions *	9,986‌	$	502,296‌
Eagle Bancorp	15,132‌		391,162‌
Ellington Financial ^‡	46,862‌		620,922‌
Employers Holdings	8,631‌		363,538‌
Enact Holdings	10,872‌		464,561‌
Encore Capital Group *	8,382‌		693,778‌
Enova International *	9,280‌		1,572,125‌
EVERTEC	24,035‌		709,753‌
EZCORP, Cl A *	22,049‌		722,766‌
FB Financial	15,156‌		819,485‌
First BanCorp Puerto Rico	58,413‌		1,418,268‌
First Bancorp Southern Pines	15,568‌		898,896‌
First Commonwealth Financial	38,497‌		708,730‌
First Financial Bancorp	38,846‌		1,176,257‌
First Hawaiian	46,063‌		1,256,599‌
First Interstate BancSystem, Cl A	33,025‌		1,172,057‌
Franklin BSP Realty Trust ^‡	30,757‌		279,889‌
Fulton Financial	71,882‌		1,551,932‌
Genworth Financial, Cl A *	149,947‌		1,318,034‌
Goosehead Insurance, Cl A *	11,055‌		495,153‌
HA Sustainable Infrastructure Capital	47,937‌		2,010,957‌
Hanmi Financial	11,176‌		334,274‌
HCI Group	4,036‌		619,809‌
Heritage Financial	15,492‌		426,340‌
Hilltop Holdings	15,668‌		590,214‌
Hope Bancorp	48,195‌		600,028‌
Horace Mann Educators	15,283‌		694,460‌
Independent Bank	18,614‌		1,451,706‌
Jackson Financial, Cl A	27,244‌		3,154,038‌
Kemper	22,052‌		742,932‌
Lakeland Financial	9,482‌		573,851‌
Lincoln National	63,468‌		2,399,725‌
MarketAxess Holdings	13,956‌		2,193,744‌
Merchants Bancorp	11,051‌		514,314‌
Mercury General	9,982‌		971,348‌
Moelis, Cl A	27,782‌		1,809,164‌
National Bank Holdings, Cl A	16,922‌		722,569‌
Navient	39,285‌		362,993‌
NBT Bancorp	19,642‌		858,159‌
NCR Atleos *	27,755‌		1,231,767‌
NMI Holdings, Cl A *	28,547‌		1,105,054‌
Northwest Bancshares	54,866‌		758,797‌
OFG Bancorp	16,248‌		746,758‌
Palomar Holdings *	9,950‌		1,197,781‌
Park National	6,037‌		1,039,511‌
Pathward Financial	8,172‌		709,656‌
Payoneer Global *	113,503‌		565,245‌
PennyMac Mortgage Investment Trust ^‡	32,760‌		399,017‌
Piper Sandler	25,380‌		2,213,136‌

COMMON STOCK — continued
	Shares		Value
FINANCIALS— continued
PJT Partners		9,126‌	$	1,393,905‌
PRA Group *		19,748‌		430,309‌
Preferred Bank		4,268‌		404,308‌
ProAssurance *		23,030‌		568,841‌
PROG Holdings		14,813‌		530,750‌
Provident Financial Services		49,041‌		1,112,250‌
Radian Group		50,869‌		1,822,636‌
Redwood Trust ^‡		67,612‌		375,923‌
Renasant		35,531‌		1,417,332‌
Rithm Capital ^‡		208,704‌		2,041,125‌
S&T Bancorp		14,057‌		620,335‌
Safety Insurance Group		5,607‌		421,422‌
Seacoast Banking Corp of Florida		36,364‌		1,144,375‌
ServisFirst Bancshares		18,868‌		1,502,270‌
Sezzle *		6,413‌		510,475‌
Simmons First National, Cl A		66,639‌		1,416,745‌
SiriusPoint *		39,034‌		913,786‌
Southside Bancshares		10,448‌		345,097‌
Stellar Bancorp		17,166‌		644,755‌
StepStone Group, Cl A		30,801‌		1,629,373‌
Stewart Information Services		11,351‌		794,456‌
StoneX Group *		26,308‌		2,789,437‌
Tompkins Financial		4,757‌		400,872‌
Triumph Financial *		8,503‌		575,483‌
Trupanion *		15,718‌		377,075‌
TrustCo Bank NY		6,742‌		320,919‌
Trustmark		22,156‌		983,062‌
Two Harbors Investment ^‡		51,485‌		595,681‌
United Community Banks		45,278‌		1,509,116‌
United Fire Group		8,205‌		330,826‌
Victory Capital Holdings, Cl A		17,823‌		1,399,284‌
Virtu Financial, Cl A		29,966‌		1,488,112‌
Virtus Investment Partners		2,391‌		348,010‌
WaFd		28,483‌		1,008,298‌
Walker & Dunlop		12,793‌		644,128‌
Westamerica BanCorp		9,266‌		507,962‌
Western Union		119,334‌		1,084,746‌
WisdomTree		43,163‌		733,771‌
World Acceptance *		1,078‌		158,638‌
WSFS Financial		20,053‌		1,443,214‌
				114,868,611‌
HEALTH CARE — 10.6%
Acadia Healthcare *		38,550‌		998,252‌
ACADIA Pharmaceuticals *		59,752‌		1,341,432‌
AdaptHealth, Cl A *		51,431‌		674,260‌
Addus HomeCare *		7,011‌		679,296‌
ADMA Biologics *		107,718‌		1,104,110‌
Alkermes *		77,007‌		2,595,906‌
AMN Healthcare Services *		20,285‌		415,234‌
Apellis Pharmaceuticals *		43,504‌		1,781,489‌

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

CATHOLIC RESPONSIBLE INVESTMENTS SMALL-CAP FUND

April 30, 2026 (Unaudited)

COMMON STOCK — continued
	Shares		Value
HEALTH CARE— continued
Arcus Biosciences *		42,215	$	1,076,483‌
Artivion *		18,256‌		654,112‌
Avanos Medical *		23,872‌		587,729‌
BrightSpring Health Services *		51,744‌		2,482,160‌
Catalyst Pharmaceuticals *		62,778‌		1,765,945‌
Certara *		61,401‌		376,388‌
Collegium Pharmaceutical *		20,814‌		702,056‌
Concentra Group Holdings Parent		45,632‌		1,025,350‌
CONMED		13,064‌		478,926‌
CorVel *		13,155‌		755,886‌
Embecta		23,057‌		210,972‌
Enovis *		25,317‌		593,430‌
Glaukos *		23,030‌		3,308,720‌
Harmony Biosciences Holdings *		25,241‌		789,034‌
HealthStream		10,404‌		215,987‌
ICU Medical *		10,373‌		1,236,462‌
Indivior Pharmaceuticals *		54,140‌		1,991,269‌
Innoviva *		43,697‌		1,004,594‌
Inspire Medical Systems *		10,707‌		601,091‌
Integer Holdings *		14,182‌		1,255,249‌
Integra LifeSciences Holdings *		37,279‌		392,921‌
Krystal Biotech *		11,266‌		2,954,621‌
LeMaitre Vascular		8,562‌		939,680‌
LifeStance Health Group *		87,971‌		665,940‌
Ligand Pharmaceuticals *		9,196‌		2,110,022‌
Merit Medical Systems *		23,546‌		1,605,366‌
Molina Healthcare *		19,920‌		3,876,830‌
National HealthCare		4,871‌		844,096‌
Neogen *		94,303‌		886,448‌
NeoGenomics *		59,829‌		554,017‌
Omnicell *		19,181‌		794,477‌
Pacira BioSciences *		25,775‌		657,005‌
Phibro Animal Health, Cl A		12,077‌		642,255‌
Prestige Consumer Healthcare *		27,289‌		1,536,916‌
Privia Health Group *		48,136‌		1,196,180‌
Progyny *		34,016‌		632,017‌
PTC Therapeutics *		36,112‌		2,349,447‌
RadNet *		28,451‌		1,608,904‌
Select Medical Holdings		41,480‌		680,687‌
STAAR Surgical *		23,443‌		617,957‌
Supernus Pharmaceuticals *		29,630‌		1,422,240‌
Tandem Diabetes Care *		30,843‌		602,210‌
Teleflex		17,652‌		2,187,259‌
TG Therapeutics *		60,238‌		2,034,840‌
TransMedics Group *		13,537‌		1,364,394‌
UFP Technologies *		3,196‌		612,449‌
US Physical Therapy		6,536‌		465,494‌
Vericel *		30,053‌		1,043,741‌
Waystar Holding *		47,928‌		1,024,461‌
				67,004,696‌

COMMON STOCK — continued
	Shares		Value
INDUSTRIALS — 17.8%
AAR *		14,657‌	$	1,617,693‌
ABM Industries		22,001‌		897,641‌
Alamo Group		4,050‌		702,432‌
Albany International, Cl A		12,061‌		700,020‌
Allegiant Travel *		6,063‌		458,605‌
American Woodmark *		5,472‌		239,017‌
Apogee Enterprises		8,037‌		292,547‌
ArcBest		8,571‌		1,093,402‌
Arcosa		18,414‌		2,328,819‌
Argan		5,241‌		3,511,365‌
Armstrong World Industries		16,192‌		2,758,955‌
Astec Industries		8,610‌		559,822‌
Atmus Filtration Technologies		30,602‌		1,940,167‌
AZZ		11,210‌		1,603,478‌
Boise Cascade		13,908‌		1,102,487‌
Brady, Cl A		16,384‌		1,340,539‌
Casella Waste Systems, Cl A *		25,424‌		2,014,852‌
CoreCivic *		40,150‌		821,469‌
CSG Systems International		10,580‌		850,738‌
CSW Industrials		6,184‌		1,800,781‌
Deluxe		16,903‌		526,528‌
DNOW *		79,237‌		1,068,907‌
DXP Enterprises *		4,857‌		829,333‌
Enerpac Tool Group, Cl A		19,822‌		695,752‌
EnPro Industries		7,963‌		2,321,613‌
Enviri *		35,229‌		693,659‌
ESCO Technologies		9,723‌		3,149,766‌
Everus Construction Group *		19,353‌		2,853,139‌
Federal Signal		22,831‌		2,811,181‌
Forward Air *		12,021‌		253,162‌
Franklin Electric		14,372‌		1,439,931‌
Gates Industrial *		95,310‌		2,440,889‌
GEO Group *		53,830‌		996,393‌
Gibraltar Industries *		11,126‌		434,248‌
Granite Construction		16,331‌		2,238,490‌
Greenbrier		11,613‌		570,431‌
Griffon		14,799‌		1,349,225‌
Hayward Holdings *		74,907‌		1,124,354‌
Healthcare Services Group *		28,111‌		601,857‌
Heartland Express		24,115‌		322,659‌
Hertz Global Holdings *(A)		64,008‌		407,091‌
HNI		28,098‌		1,026,701‌
Hub Group, Cl A		22,744‌		996,870‌
Insperity		16,299‌		579,755‌
Insteel Industries		7,243‌		189,622‌
Interface, Cl A		22,705‌		633,015‌
JBT Marel		20,012‌		2,363,417‌
JetBlue Airways *		134,715‌		627,098‌
Kadant		4,422‌		1,296,221‌
Kennametal		28,609‌		1,107,454‌
Korn Ferry		19,597‌		1,302,025‌
Legalzoom.com *		55,464‌		357,743‌

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

CATHOLIC RESPONSIBLE INVESTMENTS SMALL-CAP FUND

April 30, 2026 (Unaudited)

COMMON STOCK — continued
	Shares		Value
INDUSTRIALS— continued
Lindsay		3,939‌	$	441,050‌
Liquidity Services *		10,272‌		366,197‌
Lyft, Cl A *		149,509‌		2,115,552‌
ManpowerGroup		21,423‌		648,474‌
Marten Transport		21,764‌		328,201‌
Masterbrand *		47,711‌		428,445‌
Matson		11,707‌		2,042,052‌
Mercury Systems *		20,622‌		1,627,282‌
MillerKnoll		30,717‌		493,929‌
Mueller Water Products, Cl A		58,714‌		1,637,533‌
MYR Group *		5,843‌		2,365,305‌
OPENLANE *		44,639‌		1,403,450‌
Paycom Software		18,660‌		2,365,342‌
Pitney Bowes		57,143‌		883,431‌
Powell Industries		10,818‌		2,999,507‌
Primoris Services		20,300‌		3,677,345‌
Proto Labs *		8,982‌		582,123‌
Quanex Building Products		21,855‌		435,789‌
Resideo Technologies *		54,260‌		2,244,736‌
Robert Half		39,131‌		1,041,276‌
Rush Enterprises, Cl A		22,769‌		1,685,589‌
RXO *		67,150‌		1,340,986‌
Schneider National, Cl B		18,712‌		581,756‌
SkyWest *		15,057‌		1,236,481‌
Standex International		4,550‌		1,242,150‌
Sun Country Airlines Holdings *		20,075‌		317,185‌
Sunrun *		87,143‌		1,109,330‌
Tennant		6,820‌		566,333‌
Trinity Industries		30,104‌		981,691‌
UniFirst		5,699‌		1,456,151‌
Upwork *		51,950‌		537,683‌
Verra Mobility, Cl A *		59,908‌		888,436‌
Vestis *		51,079‌		496,488‌
VSE		10,877‌		1,867,363‌
Werner Enterprises		23,742‌		875,368‌
WillScot Holdings		71,285‌		1,613,892‌
Worthington Enterprises		11,731‌		636,641‌
Zurn Elkay Water Solutions		55,735‌		2,895,991‌
				112,699,891‌
INFORMATION TECHNOLOGY — 14.1%
A10 Networks		27,518‌		734,180‌
ACI Worldwide *		38,704‌		1,672,787‌
ACM Research, Cl A *		20,675‌		1,068,691‌
Adeia		42,395‌		1,350,281‌
Alarm.com Holdings *		18,727‌		831,666‌
Alpha & Omega Semiconductor *		11,002‌		477,817‌
Arlo Technologies *		45,264‌		635,959‌
Axcelis Technologies *		11,526‌		1,603,382‌
Badger Meter		11,707‌		1,415,493‌
Benchmark Electronics		14,650‌		1,202,032‌

COMMON STOCK — continued
	Shares		Value
INFORMATION TECHNOLOGY— continued
BlackLine *		20,588‌	$	643,375‌
Box, Cl A *		55,486‌		1,342,761‌
Calix *		24,990‌		1,088,564‌
Cleanspark *		105,080‌		1,316,652‌
Clear Secure, Cl A		34,506‌		1,842,275‌
Cohu *		18,405‌		871,477‌
Corsair Gaming *		31,424‌		213,369‌
CTS		11,614‌		663,159‌
Diebold Nixdorf *		13,969‌		1,072,959‌
Digi International *		15,342‌		859,766‌
Diodes *		17,225‌		1,845,659‌
DXC Technology *		63,736‌		721,492‌
Enphase Energy *		49,197‌		1,621,533‌
ePlus		10,085‌		854,099‌
Everforth *		16,046‌		338,571‌
Extreme Networks *		55,242‌		1,220,296‌
FormFactor *		29,385‌		3,994,303‌
Grid Dynamics Holdings *		33,769‌		192,146‌
Harmonic *		50,846‌		581,170‌
Ichor Holdings *		13,669‌		901,744‌
Impinj *		10,511‌		1,523,254‌
Insight Enterprises *		12,133‌		884,496‌
Itron *		17,196‌		1,441,025‌
Knowles *		34,171‌		1,065,793‌
Kulicke & Soffa Industries		19,836‌		1,695,978‌
Life360 *		30,768‌		1,325,793‌
LiveRamp Holdings *		24,341‌		711,487‌
MARA Holdings *(A)		152,532‌		1,828,859‌
MaxLinear, Cl A *		31,359‌		2,218,649‌
Mirion Technologies, Cl A *		97,940‌		1,934,315‌
N-able *		44,724‌		231,670‌
Napco Security Technologies		14,745‌		689,329‌
NCR Voyix *		58,458‌		402,776‌
NetScout Systems *		27,129‌		914,247‌
OSI Systems *		6,101‌		1,750,499‌
PC Connection		4,665‌		297,347‌
PDF Solutions *		12,050‌		516,342‌
Penguin Solutions *		18,350‌		558,023‌
Photronics *		22,176‌		1,097,268‌
Plexus *		10,429‌		2,613,299‌
Power Integrations		21,022‌		1,528,510‌
Progress Software *		15,816‌		440,476‌
Q2 Holdings *		24,862‌		1,261,747‌
Qorvo *		31,674‌		2,984,324‌
RingCentral, Cl A		30,186‌		1,214,081‌
Rogers *		7,217‌		979,708‌
Sanmina *		21,044‌		4,583,804‌
ScanSource *		7,390‌		303,877‌
Semtech *		35,270‌		3,705,114‌
SolarEdge Technologies *		23,779‌		1,019,168‌
Sprinklr, Cl A *		49,334‌		242,723‌
SPS Commerce *		14,872‌		834,617‌

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

CATHOLIC RESPONSIBLE INVESTMENTS SMALL-CAP FUND

April 30, 2026 (Unaudited)

COMMON STOCK — continued
	Shares		Value
INFORMATION TECHNOLOGY— continued
Teradata *		35,274‌	$	929,470‌
Ultra Clean Holdings *		17,823‌		1,392,867‌
Veeco Instruments *		22,639‌		1,128,554‌
Viasat *		52,549‌		3,463,505‌
Viavi Solutions *		88,965‌		4,661,766‌
Vishay Intertechnology		50,355‌		1,458,784‌
				89,011,202‌
MATERIALS — 4.8%
Alpha Metallurgical Resources *		4,349‌		810,871‌
Balchem		12,159‌		1,965,138‌
Celanese, Cl A		42,737‌		2,895,859‌
Century Aluminum *		20,177‌		1,199,321‌
Chemours		59,517‌		1,603,983‌
Eastman Chemical		42,839‌		3,131,103‌
Element Solutions		85,407‌		3,637,484‌
FMC		49,753‌		765,201‌
Hawkins		7,864‌		1,316,827‌
HB Fuller		20,391‌		1,234,063‌
Ingevity *		14,463‌		1,101,936‌
Innospec		9,308‌		709,828‌
Kaiser Aluminum		6,028‌		1,027,352‌
Koppers Holdings		7,335‌		299,488‌
Materion		7,785‌		1,430,961‌
Metallus *		14,039‌		270,110‌
Minerals Technologies		11,777‌		847,237‌
O-I Glass, Cl I *		67,628‌		616,091‌
Quaker Chemical		5,181‌		704,046‌
Sensient Technologies		15,950‌		1,812,558‌
Stepan		8,085‌		404,493‌
Sylvamo		12,449‌		531,946‌
Warrior Met Coal		19,737‌		1,773,370‌
Worthington Steel		12,173‌		467,808‌
				30,557,074‌
REAL ESTATE — 6.5%
Acadia Realty Trust ^‡		54,242‌		1,172,712‌
American Assets Trust ^‡		17,781‌		368,778‌
Apple Hospitality REIT ^‡		82,604‌		1,112,676‌
Broadstone Net Lease, Cl A ^‡		71,041‌		1,406,612‌
Centerspace ^‡		6,287‌		429,213‌
Curbline Properties ^‡		38,455‌		1,061,358‌
Cushman & Wakefield *		89,865‌		1,261,705‌
DiamondRock Hospitality ^‡		76,495‌		780,249‌
Douglas Emmett ^‡		71,656‌		774,601‌
Easterly Government Properties, Cl A ^‡		17,056‌		399,281‌
Essential Properties Realty Trust ^‡		78,799‌		2,476,653‌
eXp World Holdings		49,646‌		308,798‌
Four Corners Property Trust ^‡		41,204‌		1,053,586‌
Getty Realty ^‡		20,670‌		684,590‌
Global Net Lease ^‡		102,812‌		982,883‌

COMMON STOCK — continued
	Shares		Value
REAL ESTATE— continued
Highwoods Properties ^‡		41,273‌	$	1,003,347‌
Innovative Industrial Properties, Cl A ^‡		10,524‌		570,927‌
JBG SMITH Properties ^‡		36,144‌		542,160‌
Kennedy-Wilson Holdings		53,761‌		585,995‌
LTC Properties ^‡		17,884‌		683,526‌
LXP Industrial Trust ^‡		22,180‌		1,129,426‌
Macerich ^‡		108,761‌		2,363,377‌
Marcus & Millichap		10,105‌		280,818‌
Millrose Properties ^‡		57,888‌		1,775,425‌
NexPoint Residential Trust ^‡		14,684‌		424,221‌
Outfront Media ^‡		55,519‌		1,712,761‌
Pebblebrook Hotel Trust ^‡		60,707‌		852,933‌
Phillips Edison ^‡		47,231‌		1,897,033‌
Ryman Hospitality Properties ^‡		23,655‌		2,485,904‌
Safehold ^‡		17,153‌		274,791‌
Saul Centers ^‡		4,662‌		160,513‌
SL Green Realty ^‡		33,615‌		1,425,612‌
St. Joe		14,960‌		965,967‌
Sunstone Hotel Investors ^‡		76,873‌		754,893‌
Tanger ^‡		43,218‌		1,602,523‌
Terreno Realty ^‡		39,114‌		2,550,233‌
Urban Edge Properties ^‡		47,290‌		1,036,597‌
Veris Residential ^‡		30,533‌		579,211‌
Whitestone REIT, Cl B ^‡		16,934‌		320,730‌
Xenia Hotels & Resorts ^‡		35,658‌		580,156‌
				40,832,774‌
UTILITIES — 2.1%
American States Water		17,438‌		1,312,907‌
Avista		34,582‌		1,421,320‌
California Water Service Group		26,860‌		1,134,566‌
Chesapeake Utilities		10,540‌		1,329,305‌
Clearway Energy, Cl A		13,868‌		560,683‌
Clearway Energy, Cl C		34,710‌		1,400,896‌
H2O America		16,894‌		949,274‌
Hawaiian Electric Industries *		72,402‌		1,091,098‌
MDU Resources Group		88,014‌		1,982,956‌
Middlesex Water		9,432‌		479,900‌
Northwest Natural Holding		17,921‌		949,813‌
Unitil		7,674‌		402,578‌
				13,015,296‌

Total Common Stock
(Cost $447,061,305)				630,695,245

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

CATHOLIC RESPONSIBLE INVESTMENTS SMALL-CAP FUND

April 30, 2026 (Unaudited)

RIGHTS — 0.0%

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

Total Rights				‌
(Cost $123)				—

SHORT-TERM INVESTMENT — 0.6%
	Shares		Value
State Street Institutional U.S. Government Money Market Fund, Institutional Class, 3.570%, (D)
(Cost $3,964,229)	3,964,229‌	$	3,964,229‌
Total Short-Term Investment
(Cost $3,964,229)			3,964,229
Total Investments in Securities— 100.4%
(Cost $451,025,657)		$	634,659,474‌

Percentages are based on Net Assets of $632,198,302.

A list of the open futures contracts held by the Fund at April 30, 2026, is as follows:

Unrealized

Number of

Expiration

Appreciation/

Type of Contract

Contracts

Date

Notional Amount

Value

(Depreciation)

Long Contracts

Russell 2000 Index E-Mini

Jun-2026

1,582,525

1,684,680

102,155

Non-income producing security.

^‡

Real Estate Investment Trust.

(A)

This security or a partial position of this security is on loan at April 30, 2026. The total market value of securities on loan at April 30, 2026 was $3,860,009.

(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, 2026, was $3,964,229.

Cl — Class

CVR — Contingent Value Rights

LME — London Metal Exchange

L.P. — Limited Partnership

REIT — Real Estate investment Trust

Ser — Series

USD — U.S. Dollar

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

CATHOLIC RESPONSIBLE INVESTMENTS SMALL-CAP FUND

April 30, 2026 (Unaudited)

The following is a summary of the inputs used as of April 30, 2026, in valuing the Fund’s investments carried at market value:

Investments in Securities

Level 1

Level 2

Level 3^

Total

Common Stock

Total Common Stock

630,695,245‌

—‌

630,695,245‌

Short-Term Investment

3,964,229‌

—‌

3,964,229‌

Rights

—‌

—

—‌

Total Investments in Securities

634,659,474‌

—‌

634,659,474‌

Other Financial Instruments

Level 1

Level 2

Level 3

Total

Futures Contracts*

Unrealized Appreciation

102,155‌

–‌

102,155‌

Total Other Financial Instruments

102,155‌

–‌

102,155‌

#	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 MULTI-STYLE US EQUITY FUND

APRIL 30, 2026 (Unaudited)

SCHEDULE OF INVESTMENTS

COMMON STOCK — 97.2%#

	Shares		Value
COMMUNICATION SERVICES — 8.8%
Alphabet, Cl A		38,875‌	$	14,959,100‌
Alphabet, Cl C		39,288‌		15,005,659‌
Comcast, Cl A		1,426‌		38,559‌
Meta Platforms, Cl A		35,215‌		21,548,410‌
Netflix *		60,793‌		5,690,833‌
Spotify Technology *		102‌		45,548‌
TKO Group Holdings, Cl A		1,070‌		199,116‌
T-Mobile US		14,017‌		2,740,323‌
Walt Disney		37,390‌		3,879,213‌
				64,106,761‌
CONSUMER DISCRETIONARY — 7.2%
Airbnb, Cl A *		305‌		42,810‌
Amazon.com *		125,529‌		33,272,716‌
Aptiv *		18,080‌		1,089,501‌
AutoZone *		55‌		203,722‌
Booking Holdings		16,750‌		2,820,030‌
Carvana, Cl A *		468‌		185,234‌
Cava Group *		16,191‌		1,512,401‌
Chipotle Mexican Grill, Cl A *		50,777‌		1,725,910‌
Domino's Pizza		131‌		44,464‌
DoorDash, Cl A *		462‌		77,916‌
eBay		437‌		45,221‌
General Motors		2,375‌		182,614‌
Hilton Worldwide Holdings		908‌		294,256‌
Home Depot		7,136‌		2,346,317‌
Lowe's		903‌		215,627‌
Marriott International, Cl A		3,654‌		1,321,615‌
McDonald's		1,739‌		510,553‌
NIKE, Cl B		1,543‌		68,447‌
O'Reilly Automotive *		28,724‌		2,855,166‌
Ross Stores		843‌		192,027‌
Royal Caribbean Cruises		455‌		120,011‌
Starbucks		1,300‌		136,929‌
Tesla *		5,574‌		2,127,206‌
TJX		2,566‌		402,220‌
Toll Brothers		800‌		113,712‌
Tractor Supply		1,049‌		36,820‌
Ulta Beauty *		183‌		98,359‌
Versigent *		—‌		12‌
Viking Holdings *		897‌		73,473‌
Yum! Brands		1,100‌		175,615‌
				52,290,904‌
CONSUMER STAPLES — 4.5%
Casey's General Stores		1,405‌		1,155,121‌
Coca-Cola		72,687‌		5,724,828‌
Coca-Cola Europacific Partners		16,167‌		1,528,913‌
Colgate-Palmolive		2,641‌		225,436‌
Costco Wholesale		4,249‌		4,310,738‌
elf Beauty *		642‌		41,069‌
Estee Lauder, Cl A		1,155‌		88,600‌

COMMON STOCK — continued
	Shares		Value
CONSUMER STAPLES— continued
Kenvue	1,194‌	$	20,931‌
Keurig Dr Pepper	3,700‌		108,780‌
McCormick	672‌		34,165‌
Mondelez International, Cl A	2,991‌		183,767‌
Monster Beverage *	35,734‌		2,754,019‌
PepsiCo	2,072‌		328,391‌
Sysco	42,502‌		3,175,324‌
Target	818‌		106,135‌
Tyson Foods, Cl A	703‌		45,041‌
Unilever ADR	80,260‌		4,733,735‌
US Foods Holding *	76,612‌		7,162,456‌
Walmart	9,387‌		1,238,427‌
			32,965,876‌
ENERGY — 3.6%
Baker Hughes, Cl A	2,462‌		171,528‌
Cenovus Energy	146,664‌		4,288,456‌
Chevron	4,674‌		903,531‌
ConocoPhillips	42,375‌		5,329,927‌
Diamondback Energy	25,516‌		5,246,855‌
EOG Resources	948‌		133,260‌
EQT Corporation	2,712‌		162,937‌
Exxon Mobil	7,779‌		1,200,533‌
Marathon Petroleum	21,057‌		5,228,242‌
Phillips 66	837‌		149,949‌
SLB Limited	45,432‌		2,584,172‌
Targa Resources	907‌		235,893‌
Valero Energy	829‌		209,389‌
Williams	4,313‌		329,125‌
			26,173,797‌
FINANCIALS — 14.2%
Allstate	11,051‌		2,400,940‌
American Express	12,633‌		4,081,091‌
American International Group	2,421‌		181,091‌
Aon, Cl A	9,036‌		2,816,070‌
Apollo Global Management	28,245‌		3,635,696‌
Ares Management, Cl A	1,155‌		135,597‌
Axis Capital Holdings	689‌		69,183‌
Bank of America	16,591‌		886,955‌
Bank of New York Mellon	2,291‌		307,842‌
Berkshire Hathaway, Cl B *	19,639‌		9,301,030‌
Blackstone	571‌		71,706‌
Block, Cl A *	5,796‌		408,676‌
Capital One Financial	13,176‌		2,520,643‌
Cboe Global Markets	86‌		25,808‌
Charles Schwab	30,845‌		2,826,636‌
Chubb	1,526‌		499,002‌
Citigroup	5,760‌		737,165‌
Corebridge Financial	1,035‌		28,504‌
Corpay *	7,389‌		2,264,507‌
East West Bancorp	1,003‌		126,849‌
Equitable Holdings	4,048‌		170,826‌

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

CATHOLIC RESPONSIBLE INVESTMENTS MULTI-STYLE US EQUITY FUND

APRIL 30, 2026 (Unaudited)

COMMON STOCK — continued
	Shares		Value
FINANCIALS— continued
Everest Group	5,196‌	$	1,853,725‌
Fifth Third Bancorp	2,694‌		136,747‌
Figure Technology Solutions, Cl A *	2,150‌		75,465‌
Fiserv *	590‌		36,964‌
Global Payments	955‌		68,722‌
Goldman Sachs Group	4,403‌		4,067,359‌
Huntington Bancshares	191,230‌		3,205,015‌
Intercontinental Exchange	19,931‌		3,150,892‌
Invesco	2,343‌		61,410‌
JPMorgan Chase	39,001‌		12,216,283‌
KeyCorp	4,342‌		96,002‌
LPL Financial Holdings	10,818‌		3,614,618‌
Marsh & McLennan	2,646‌		443,761‌
Mastercard, Cl A	12,529‌		6,301,085‌
MetLife	3,733‌		299,013‌
Moody's	21,515‌		9,936,703‌
Morgan Stanley	27,677‌		5,274,959‌
MSCI, Cl A	216‌		127,745‌
Popular	331‌		49,759‌
Progressive	611‌		122,982‌
Robinhood Markets, Cl A *	828‌		60,353‌
S&P Global	715‌		308,329‌
Tradeweb Markets, Cl A	1,913‌		216,647‌
US Bancorp	7,628‌		432,202‌
Visa, Cl A	41,769‌		13,777,087‌
Voya Financial	1,688‌		138,348‌
Wells Fargo	48,067‌		3,952,549‌
Western Alliance Bancorp	795‌		64,824‌
Willis Towers Watson	660‌		169,092‌
			103,754,457‌
HEALTH CARE — 5.5%
Boston Scientific *	3,907‌		225,082‌
BrightSpring Health Services *	1,002‌		48,066‌
Cardinal Health	22,961‌		4,428,718‌
Cencora, Cl A	21,206‌		6,531,660‌
Centene *	71,215‌		3,823,533‌
Cigna Group	285‌		82,815‌
CVS Health	47,957‌		3,994,339‌
Edwards Lifesciences *	2,588‌		216,098‌
Elevance Health	558‌		210,042‌
Guardant Health *	1,770‌		154,132‌
Humana	7,842‌		1,854,163‌
IDEXX Laboratories *	4,300‌		2,411,440‌
Intuitive Surgical *	787‌		360,139‌
Medtronic	1,787‌		144,693‌
Natera *	764‌		157,506‌
Quest Diagnostics	26,027‌		5,054,443‌
Stryker	25,636‌		8,078,673‌
Veeva Systems, Cl A *	5,617‌		876,084‌

COMMON STOCK — continued
	Shares		Value
HEALTH CARE— continued
West Pharmaceutical Services	4,551	$	1,354,332‌
			40,005,958‌
INDUSTRIALS — 11.5%
Allegion	7,699‌		1,058,459‌
AMETEK	50,688‌		11,937,024‌
API Group *	2,132‌		97,475‌
Axon Enterprise *	350‌		140,616‌
Canadian National Railway	1,347‌		151,039‌
Carrier Global	2,047‌		137,497‌
Caterpillar	1,168‌		1,039,648‌
CH Robinson Worldwide	31,096‌		5,653,564‌
Cintas	843‌		147,281‌
Comfort Systems USA	20‌		36,805‌
Copart *	60,677‌		2,009,015‌
CSX	8,842‌		401,692‌
Cummins	7,179‌		4,817,181‌
Deere	832‌		490,772‌
Dover	495‌		112,073‌
Equifax	457‌		79,491‌
Esab	1,237‌		121,560‌
FedEx	11,434‌		4,611,447‌
GE Vernova	11,870‌		12,860,670‌
Howmet Aerospace	1,167‌		283,628‌
Hubbell, Cl B	8,543‌		4,341,296‌
Ingersoll Rand	1,357‌		108,370‌
Johnson Controls International	1,354‌		197,725‌
Madison Air Solutions, Cl A *	969‌		36,996‌
Middleby *	872‌		122,394‌
Mueller Industries	5,755‌		779,400‌
Old Dominion Freight Line	12,805‌		2,720,166‌
PACCAR	2,828‌		335,966‌
Parker-Hannifin	479‌		435,612‌
Pentair	1,051‌		84,826‌
Quanta Services	100‌		72,777‌
QXO *(A)	223,136‌		4,478,339‌
Republic Services, Cl A	200‌		41,844‌
Saia *	660‌		296,221‌
SiteOne Landscape Supply *	271‌		34,160‌
StandardAero *	192,592‌		4,787,837‌
Stanley Black & Decker	665‌		51,976‌
Trane Technologies	377‌		185,688‌
TransUnion	20,066‌		1,424,686‌
Uber Technologies *	56,750‌		4,234,117‌
United Airlines Holdings *	22,461‌		2,021,490‌
United Rentals	6,956‌		6,676,647‌
Veralto	312‌		27,518‌
Verisk Analytics, Cl A	6,489‌		1,197,156‌
Vertiv Holdings, Cl A	1,206‌		396,159‌
Waste Connections	453‌		74,618‌
Waste Management	627‌		145,809‌

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

CATHOLIC RESPONSIBLE INVESTMENTS MULTI-STYLE US EQUITY FUND

APRIL 30, 2026 (Unaudited)

COMMON STOCK — continued
	Shares		Value
INDUSTRIALS— continued
Westinghouse Air Brake
Technologies	9,268‌	$	2,501,341‌
WW Grainger	180‌		209,043‌
			84,207,114‌
INFORMATION TECHNOLOGY — 33.6%
Accenture, Cl A	1,433‌		256,091‌
Adobe *	652‌		160,457‌
Advanced Micro Devices *	14,804‌		5,247,870‌
Akamai Technologies *	677‌		69,718‌
Amphenol, Cl A	82,339‌		12,126,065‌
Analog Devices	20,797‌		8,365,801‌
Apple	138,978‌		37,711,680‌
Applied Materials	15,798‌		6,232,153‌
AppLovin, Cl A *	707‌		315,570‌
Arista Networks *	2,748‌		474,607‌
Autodesk *	326‌		77,262‌
Broadcom	63,969‌		26,702,580‌
Cadence Design Systems *	600‌		197,754‌
Ciena *	1,073‌		566,093‌
Cisco Systems	10,687‌		977,861‌
Coherent *	410‌		131,081‌
Crowdstrike Holdings, Cl A *	2,367‌		1,055,090‌
Dell Technologies, Cl C	20,914‌		4,369,980‌
Descartes Systems Group *	1,595‌		115,015‌
First Solar *	226‌		45,627‌
Flex *	42,928‌		3,930,058‌
HubSpot *	70‌		15,523‌
Intel *	13,568‌		1,281,905‌
Intuit	9,963‌		3,870,626‌
Jabil	503‌		169,757‌
Keysight Technologies *	8,797‌		3,078,158‌
KLA	219‌		383,327‌
Lam Research	2,127‌		548,468‌
Lumentum Holdings *	355‌		320,324‌
Marvell Technology	18,358‌		3,031,824‌
Microchip Technology	48,258‌		4,483,651‌
Micron Technology	17,852‌		9,232,340‌
Microsoft	79,173‌		32,285,166‌
Monolithic Power Systems	153‌		247,005‌
Motorola Solutions	326‌		143,124‌
NVIDIA	230,299‌		45,960,771‌
NXP Semiconductors	21,029‌		6,173,904‌
ON Semiconductor *	300‌		30,243‌
Oracle	40,724‌		6,572,446‌
PTC *	188‌		25,624‌
Qnity Electronics	561‌		78,910‌
QUALCOMM	545‌		97,871‌
Salesforce	1,898‌		335,054‌
Sandisk *	208‌		228,074‌
Seagate Technology Holdings	2,163‌		1,457,083‌
ServiceNow *	21,286‌		1,879,767‌

COMMON STOCK — continued
	Shares		Value
INFORMATION TECHNOLOGY— continued
Snowflake, Cl A *	8,864	$	1,209,670‌
Taiwan Semiconductor
Manufacturing ADR	21,875‌		8,663,813‌
TE Connectivity	1,761‌		372,733‌
Teradyne	389‌		133,610‌
Texas Instruments	5,807‌		1,632,232‌
Trimble *	15,752‌		1,060,425‌
Western Digital	729‌		316,765‌
			244,448,606‌
MATERIALS — 5.4%
Agnico Eagle Mines	286‌		53,828‌
Ball	1,387‌		84,718‌
CF Industries Holdings	374‌		46,451‌
Corteva	1,230‌		99,642‌
CRH	54,890‌		6,500,074‌
Ecolab	8,807‌		2,295,104‌
Franco-Nevada	847‌		195,098‌
Freeport-McMoRan	56,571‌		3,268,672‌
International Paper	2,735‌		83,199‌
Kinross Gold	172,502‌		5,216,461‌
Linde	22,014‌		11,032,096‌
LyondellBasell Industries, Cl A	1,005‌		74,973‌
Martin Marietta Materials	3,315‌		2,052,217‌
Mosaic	2,236‌		52,032‌
Newmont	29,521‌		3,279,488‌
Packaging Corp of America	384‌		81,965‌
Reliance	7,223‌		2,618,338‌
RPM International	88‌		8,966‌
Sherwin-Williams	520‌		167,237‌
Steel Dynamics	10,246‌		2,342,850‌
West Fraser Timber	1,062‌		67,235‌
			39,620,644‌
REAL ESTATE — 0.9%
American Tower ^‡	24,159‌		4,414,091‌
AvalonBay Communities ^‡	386‌		70,638‌
BXP ^‡	604‌		35,310‌
CBRE Group, Cl A *	1,121‌		160,000‌
CubeSmart ^‡	896‌		36,270‌
Equinix ^‡	304‌		329,180‌
Equity LifeStyle Properties ^‡	231‌		14,620‌
Essex Property Trust ^‡	281‌		73,962‌
Federal Realty Investment Trust ^‡	600‌		66,540‌
Prologis ^‡	1,034‌		146,849‌
Public Storage ^‡	463‌		140,035‌
Rexford Industrial Realty ^‡	1,571‌		56,383‌
Simon Property Group ^‡	480‌		97,781‌
Sun Communities ^‡	281‌		35,923‌
Welltower ^‡	2,653‌		576,603‌
			6,254,185‌

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

CATHOLIC RESPONSIBLE INVESTMENTS MULTI-STYLE US EQUITY FUND

APRIL 30, 2026 (Unaudited)

COMMON STOCK — continued
	Shares		Value

UTILITIES — 2.0%
Alliant Energy		3,942‌	$	289,461‌
Atmos Energy		856‌		162,623‌
CenterPoint Energy		47,164‌		2,058,709‌
CMS Energy		1,254‌		96,232‌
Consolidated Edison		1,941‌		216,402‌
Constellation Energy		197‌		61,661‌
Entergy		33,964‌		4,004,695‌
Exelon		1,055‌		48,519‌
FirstEnergy		101,149‌		4,806,601‌
NextEra Energy		5,751‌		562,908‌
NRG Energy		9,338‌		1,452,806‌
PG&E		13,294‌		220,946‌
Sempra		2,716‌		258,346‌
Southern		3,472‌		335,742‌
				14,575,651‌
Total Common Stock				‌
(Cost $465,306,256)				708,403,953

SHORT-TERM INVESTMENT — 0.6%

State Street Institutional U.S. Government Money Market Fund, Institutional Class, 3.570% (B)
(Cost $4,518,484)		4,518,484‌	$	4,518,484‌

Total Short-Term Investment				‌
(Cost $4,518,484)				4,518,484

Total Investments in Securities— 97.8%
(Cost $469,824,740)			$	712,922,437‌

Percentages are based on Net Assets of $728,953,190.

Non-income producing security.

^‡

Real Estate Investment Trust.

More narrow industries are utilized for compliance purposes, whereas broad sectors are utilized for reporting purposes.

(A)

This security or a partial position of this security is on loan at April 30, 2026. The total market value of securities on loan at April 30, 2026 was $4,375,677.

(B)

This security was purchased with cash collateral received from securities lending. The total was of such securities as of April 30, 2026, was $4,518,484.

ADR — American Depositary Receipt

Cl — Class

As of April 30, 2026, 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 accounting principles generally accepted in the United States of America.

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, 2026 (Unaudited)

SCHEDULE OF INVESTMENTS

COMMON STOCK — 95.9%#

	Shares		Value
AUSTRALIA — 0.2%
Materials — 0.2%
Sandfire Resources *		367,531	$	4,434,187

AUSTRIA — 0.5%
Financials — 0.5%
Erste Group Bank		101,933		11,257,423

BELGIUM — 0.7%
Consumer Staples — 0.4%
Anheuser-Busch InBev		123,567		9,332,136

Materials — 0.3%
Syensqo		101,295		6,716,385

				16,048,521
BERMUDA — 0.9%
Financials — 0.9%
Arch Capital Group *		218,447		20,634,504

BRAZIL — 1.9%
Consumer Discretionary — 0.1%
Cogna Educacao		1,295,690		722,948
Cyrela Brazil Realty Empreendimentos e Participacoes		87,400		410,301
Vibra Energia		257,400		1,724,473
				2,857,722
Energy — 0.1%
Brava Energia		200,100		765,074
Petroleo Brasileiro - Petrobras ADR, Cl A		98,035		1,948,936
				2,714,010
Financials — 1.0%
Banco BTG Pactual		328,400		3,917,151
NU Holdings, Cl A *		1,176,237		17,031,912
Pagseguro Digital, Cl A		170,511		1,708,520
				22,657,583
Industrials — 0.2%
Localiza Rent a Car		324,086		3,007,735
Movida Participacoes		278,100		674,821
				3,682,556
Materials — 0.5%
Gerdau ADR		459,128		2,098,215
Suzano		473,100		4,176,087

COMMON STOCK — continued

	Shares		Value
BRAZIL — continued
Materials— continued
Vale		400,500	$	6,536,741
				12,811,043
Utilities — 0.0%
Cia de Saneamento de Minas Gerais Copasa MG		37,600		408,873

				45,131,787
CANADA — 4.0%
Consumer Discretionary — 0.2%
Gildan Activewear		68,500		4,242,561

Energy — 0.5%
ARC Resources		103,100		2,440,586
Gibson Energy, Cl Common Subs. Receipt		120,400		2,631,622
TC Energy		105,884		7,085,383
				12,157,591
Industrials — 2.3%
Canadian Pacific Kansas City (CAD)		132,303		11,483,562
Canadian Pacific Kansas City (USD)		278,348		24,205,142
Stantec		88,500		8,066,498
Waste Connections		68,421		11,270,307
				55,025,509
Information Technology — 0.9%
Shopify, Cl A *		113,150		13,705,859
Shopify, Cl A *		58,600		7,098,647
				20,804,506
Materials — 0.1%
Agnico Eagle Mines		14,300		2,683,601

				94,913,768
CHILE — 0.0%
Industrials — 0.0%
Latam Airlines Group		36,393,422		862,456

CHINA — 5.4%
Communication Services — 2.5%
G-bits Network Technology Xiamen, Cl A		28,700		1,716,756
Giant Network Group, Cl A		303,200		1,460,535
Kuaishou Technology, Cl B		44,400		247,128
Tencent Holdings		892,492		54,194,412
Weibo ADR (A)		108,122		909,306
				58,528,137

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

CATHOLIC RESPONSIBLE INVESTMENTS INTERNATIONAL EQUITY FUND

April 30, 2026 (Unaudited)

COMMON STOCK — continued

	Shares		Value
CHINA — continued
Consumer Discretionary — 0.9%
Alibaba Group Holding ADR		37,651	$	4,965,414
H World Group ADR		12,678		654,692
Li Ning		558,000		1,452,504
TAL Education Group ADR *		126,951		1,411,695
Yum China Holdings		270,464		13,103,981
				21,588,286
Consumer Staples — 0.0%
Guangdong Haid Group, Cl A		94,195		688,924

Energy — 0.1%
PetroChina, Cl H		1,598,000		2,464,544

Financials — 0.9%
China Construction Bank, Cl H		8,240,921		9,300,867
China Galaxy Securities, Cl H		1,330,500		1,418,475
China International Capital, Cl H		444,400		1,160,007
China Life Insurance, Cl H		903,000		3,330,684
New China Life Insurance, Cl H		282,000		1,851,667
People's Insurance Group of China, Cl H		1,411,000		965,276
PICC Property & Casualty, Cl H		236,000		426,234
Ping An Insurance Group of China, Cl H		368,500		2,994,728
				21,447,938
Health Care — 0.1%
Jointown Pharmaceutical Group, Cl A		1,067,279		808,916
Sinopharm Group, Cl H		690,000		1,641,084
				2,450,000
Industrials — 0.4%
Contemporary Amperex Technology, Cl A		37,393		2,400,306
COSCO SHIPPING Holdings, Cl H		906,700		1,668,529
Harbin Electric, Cl H		408,000		1,217,987
JD Logistics *		488,100		950,468
Sieyuan Electric, Cl A		14,400		412,376
Yutong Bus, Cl A		441,500		2,287,725
				8,937,391
Information Technology — 0.0%
Zhongji Innolight, Cl A		10,200		1,287,983

Materials — 0.5%
Asia - Potash International Investment Guangzhou, Cl A *		204,200		1,623,014
China Hongqiao Group		846,500		3,582,705
China Lumena New Materials *(B)		15,350		—

COMMON STOCK — continued

	Shares		Value
CHINA — continued
Materials— continued
Jiangxi Copper, Cl H		203,000	$	964,597
Tianqi Lithium, Cl A *		83,700		986,945
Zangge Mining, Cl A		71,400		941,400
Zijin Mining Group, Cl H		612,000		2,841,676
				10,940,337
				128,333,540
COLUMBIA — 0.0%
Financials — 0.0%
Grupo Cibest ADR		12,536		854,830

DENMARK — 0.3%
Consumer Staples — 0.1%
Carlsberg, Cl B		14,064		1,904,621

Health Care — 0.2%
Ascendis Pharma *		17,314		3,971,485

				5,876,106
FRANCE — 8.4%
Consumer Discretionary — 1.9%
Hermes International		43		82,221
Kering		128,401		35,306,737
LVMH Moet Hennessy Louis Vuitton		18,330		9,787,037
				45,175,995
Consumer Staples — 0.6%
Danone		55,253		4,326,745
L'Oreal		21,985		9,463,846
				13,790,591
Energy — 0.4%
Gaztransport Et Technigaz		36,011		8,756,779

Financials — 2.0%
BNP Paribas		183,893		19,302,817
Societe Generale		337,217		27,132,065
Worldline *(A)		3,834,341		1,130,516
				47,565,398
Health Care — 0.3%
Abivax *		14,398		1,664,828
Ipsen		28,951		5,683,114
				7,347,942
Industrials — 2.5%
Alstom *		1,110,280		22,298,851
Cie de Saint-Gobain		206,256		18,887,457
Elis (A)		135,481		4,184,247
Rexel		220,841		9,335,302

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

CATHOLIC RESPONSIBLE INVESTMENTS INTERNATIONAL EQUITY FUND

April 30, 2026 (Unaudited)

COMMON STOCK — continued

	Shares		Value
FRANCE — continued
Industrials— continued
Schneider Electric		11,624	$	3,696,962
				58,402,819
Information Technology — 0.4%
Capgemini		76,537		9,303,384

Materials — 0.3%
Air Liquide		40,332		8,672,593

				199,015,501
GERMANY — 9.5%
Communication Services — 0.9%
Deutsche Telekom		581,400		18,769,964
Scout24		43,785		3,643,772
				22,413,736
Financials — 1.5%
Deutsche Bank		372,352		11,562,685
Deutsche Boerse		50,310		15,427,085
Hannover Rueck		28,139		8,497,925
				35,487,695
Industrials — 4.7%
Daimler Truck Holding		347,237		17,504,933
Deutsche Lufthansa		753,588		6,453,769
Siemens Energy		412,185		87,306,247
				111,264,949
Information Technology — 2.0%
Infineon Technologies		291,969		19,626,394
Nemetschek		78,972		5,728,381
SAP		130,148		21,839,756
				47,194,531
Materials — 0.3%
LANXESS		304,389		6,483,308

Utilities — 0.1%
E.ON		96,805		2,148,415
RWE		1,067		77,651
				2,226,066
				225,070,285
GREECE — 0.5%
Consumer Discretionary — 0.0%
FF Group *		8,921		—

Financials — 0.5%
National Bank of Greece		723,101		11,453,964

				11,453,964

COMMON STOCK — continued

	Shares		Value
HONG KONG — 1.1%
Consumer Discretionary — 0.0%
Geely Automobile Holdings		365,000	$	1,085,398

Consumer Staples — 0.0%
WH Group		75,534		92,367

Financials — 1.0%
AIA Group		1,294,400		14,208,652
Prudential		612,163		9,212,094
				23,420,746
Information Technology — 0.1%
Lenovo Group		1,122,000		1,686,907

				26,285,418
HUNGARY — 0.1%
Industrials — 0.1%
Wizz Air Holdings *(A)		181,670		2,208,123

INDIA — 2.7%
Consumer Discretionary — 0.3%
Bajaj Auto		13,318		1,407,110
Eicher Motors		17,683		1,330,555
Mahindra & Mahindra		46,849		1,536,519
Maruti Suzuki India		5,801		818,410
TVS Motor		38,645		1,431,098
				6,523,692
Consumer Staples — 0.1%
Varun Beverages		489,006		2,663,615

Energy — 0.1%
Bharat Petroleum		172,974		550,780
Oil & Natural Gas		432,358		1,370,631
				1,921,411
Financials — 1.3%
Bank of India		957,684		1,420,914
BSE		32,148		1,241,700
HDFC Bank ADR		187,772		4,771,287
ICICI Bank ADR		568,694		15,121,574
IIFL Finance		104,469		508,361
Karur Vysya Bank		259,766		806,429
LIC Housing Finance		198,063		1,163,700
Muthoot Finance		61,714		2,236,255
REC		247,409		928,946
South Indian Bank		3,104,948		1,297,229
Union Bank of India		890,286		1,565,871
				31,062,266

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

CATHOLIC RESPONSIBLE INVESTMENTS INTERNATIONAL EQUITY FUND

April 30, 2026 (Unaudited)

COMMON STOCK — continued

	Shares		Value
INDIA — continued
Industrials — 0.0%
Gujarat Pipavav Port		336,771	$	555,004


Information Technology — 0.2%
Infosys ADR (A)		131,497		1,638,453
Persistent Systems		30,183		1,542,151
Tech Mahindra		109,987		1,719,267
				4,899,871
Materials — 0.6%
APL Apollo Tubes		210,091		4,236,370
Chambal Fertilisers and Chemicals		159,448		737,253
Hindalco Industries		288,633		3,171,092
National Aluminium		682,943		2,889,618
Navin Fluorine International		13,227		954,495
Vedanta		432,549		1,242,186
Vedanta Aluminium Metal *(B)		432,549		729,878
Vedanta Iron & Steel *(B)		432,549		729,878
				14,690,770
Utilities — 0.1%
PTC India		172,283		379,359
Talwandi Sabo Power *(B)		432,549		729,878
				1,109,237
				63,425,866
INDONESIA — 0.2%
Consumer Staples — 0.0%
Indofood Sukses Makmur		1,000,600		390,182

Energy — 0.0%
Adaro Andalan Indonesia		733,300		491,409

Financials — 0.1%
Bank Central Asia		7,563,300		2,564,263

Industrials — 0.1%
Astra International		6,150,300		2,130,704

				5,576,558
IRELAND — 3.0%
Financials — 1.0%
AIB Group		1,173,874		13,523,782
Aon, Cl A		33,808		10,536,263
				24,060,045
Health Care — 0.9%
Medtronic		247,487		20,039,022

Industrials — 0.7%
Experian		268,334		9,804,330

COMMON STOCK — continued

	Shares		Value
IRELAND — continued
Industrials— continued
Ryanair Holdings		287,351	$	7,535,415
				17,339,745
Materials — 0.4%
Smurfit WestRock		238,889		9,170,949

				70,609,761
ISRAEL — 0.4%
Information Technology — 0.4%
Nice ADR *(A)		67,260		6,861,865
Wix.com *		38,164		2,850,469
				9,712,334
				9,712,334
ITALY — 1.6%
Consumer Discretionary — 0.2%
PRADA		1,044,900		4,655,250

Financials — 1.2%
Banca Monte dei Paschi di Siena (A)		408,442		4,351,644
Generali		98,088		4,393,264
UniCredit		249,948		19,306,670
				28,051,578
Utilities — 0.2%
Enel		518,969		6,056,216

				38,763,044
JAPAN — 8.6%
Communication Services — 1.4%
KDDI		551,500		9,016,405
Nintendo		454,000		22,187,919
TV Asahi Holdings		96,100		1,986,686
				33,191,010
Financials — 1.6%
Sompo Holdings		573,600		21,326,330
Sumitomo Mitsui Financial Group		173,900		6,134,367
Tokio Marine Holdings		203,100		9,292,421
				36,753,118
Health Care — 0.7%
Hoya		91,800		17,126,672

Industrials — 2.9%
FANUC		291,400		12,859,722
Kajima		182,200		7,114,301
Mitsubishi Electric		450,800		18,073,734
Obayashi		303,800		7,135,708
Organo		28,500		2,877,255

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

CATHOLIC RESPONSIBLE INVESTMENTS INTERNATIONAL EQUITY FUND

April 30, 2026 (Unaudited)

COMMON STOCK — continued

	Shares		Value
JAPAN — continued
Industrials— continued
SMC		41,700	$	20,486,011
				68,546,731
Information Technology — 1.9%
Keyence		25,300		11,593,140
Renesas Electronics		1,604,200		32,410,119
				44,003,259
Materials — 0.1%
Toyo Seikan Group Holdings		137,200		2,842,897

				202,463,687
JERSEY — 0.1%
Industrials — 0.1%
Rosebank Industries *		425,221		2,137,892

MALAYSIA — 0.2%
Consumer Staples — 0.0%
SD Guthrie		448,500		700,164

Industrials — 0.1%
Zetrix Ai		7,867,400		1,629,311

Materials — 0.1%
Press Metal Aluminium Holdings		525,200		1,141,375

				3,470,850
MEXICO — 0.4%
Consumer Staples — 0.1%
Arca Continental		138,900		1,665,579

Energy — 0.0%
Vista Energy ADR *		9,139		679,210

Financials — 0.2%
Gentera		669,600		1,745,502
Grupo Financiero Banorte, Cl O		210,300		2,286,136
				4,031,638
Materials — 0.1%
Grupo Mexico		237,500		2,597,148

				8,973,575
NETHERLANDS — 6.5%
Communication Services — 0.2%
Universal Music Group (A)		201,423		4,221,193

COMMON STOCK — continued

	Shares		Value
NETHERLANDS — continued
Consumer Staples — 0.6%
Heineken		156,095	$	12,145,739
JBS *		70,394		1,127,315
				13,273,054
Financials — 1.1%
Adyen *		12,589		14,198,847
ASR Nederland		34,995		2,656,839
ING Groep		343,007		9,922,009
				26,777,695
Health Care — 0.6%
Koninklijke Philips		545,587		14,384,003

Information Technology — 4.0%
ASM International		25,111		24,552,904
ASML Holding		23,807		34,396,470
ASML Holding, Cl G		24,576		35,364,618
				94,313,992
				152,969,937
NEW ZEALAND — 0.1%
Health Care — 0.1%
Fisher & Paykel Healthcare		118,728		2,549,964

POLAND — 0.2%
Consumer Discretionary — 0.0%
LPP		234		1,413,068

Energy — 0.1%
ORLEN		44,482		1,632,756

Financials — 0.1%
Powszechny Zaklad Ubezpieczen		104,607		1,838,006

				4,883,830
QATAR — 0.0%
Communication Services — 0.0%
Ooredoo QPSC		232,327		874,918

RUSSIA — 0.0%
Financials — 0.0%
Sberbank of Russia PJSC ADR (B)		55,964		—

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

CATHOLIC RESPONSIBLE INVESTMENTS INTERNATIONAL EQUITY FUND

April 30, 2026 (Unaudited)

COMMON STOCK — continued

	Shares		Value
SAUDI ARABIA — 0.1%
Energy — 0.0%
Saudi Arabian Oil		181,838	$	1,348,731

Financials — 0.1%
Banque Saudi Fransi		120,056		619,187
Riyad Bank		140,072		775,693
				1,394,880
				2,743,611
SINGAPORE — 4.1%
Communication Services — 0.0%
JOYY ADR		12,965		764,805

Consumer Discretionary — 2.0%
Sea ADR *		396,947		33,692,861
Trip.com Group		233,800		12,622,946
				46,315,807
Financials — 0.3%
United Overseas Bank		264,200		7,519,737

Information Technology — 1.8%
Seagate Technology Holdings		62,582		42,157,738

				96,758,087
SOUTH AFRICA — 0.4%
Financials — 0.0%
Old Mutual		251,411		205,028

Materials — 0.4%
Gold Fields		83,491		3,527,865
Impala Platinum Holdings		328,314		4,590,282
Sasol *		81,583		1,131,082
				9,249,229
				9,454,257
SOUTH KOREA — 6.3%
Communication Services — 0.1%
KT		26,647		1,097,828
LG Uplus		76,888		824,450
				1,922,278
Consumer Discretionary — 0.2%
Hankook Tire & Technology		15,126		608,687
Hyundai Mobis		5,889		1,703,210
Hyundai Motor		107		38,783
Kia		26,561		2,739,548
Youngone		14,225		797,605
				5,887,833
Energy — 0.1%
HD Hyundai		7,656		1,625,490

COMMON STOCK — continued

	Shares		Value
SOUTH KOREA — continued
Financials — 0.5%
DB Insurance		10,093	$	1,148,518
Hana Financial Group		36,808		3,197,936
KIWOOM Securities		3,993		1,088,692
Samsung Securities		16,837		1,233,720
Shinhan Financial Group		34,495		2,342,512
Woori Financial Group		85,100		1,940,633
				10,952,011
Industrials — 0.3%
GS Holdings		12,303		683,312
HD Korea Shipbuilding & Offshore Engineering		3,953		1,237,794
Hyosung Heavy Industries		897		2,416,349
KEPCO Engineering & Construction		3,252		419,739
LX International		23,830		863,615
Samsung E&A		27,005		978,040
				6,598,849
Information Technology — 5.0%
BH		32,122		757,975
LG Innotek		3,410		1,333,159
Samsung Electro-Mechanics		3,844		2,205,246
Samsung Electronics GDR		3,858		14,576,441
Samsung Electronics		369,163		55,591,403
SK Hynix		50,197		44,764,113
				119,228,337
Materials — 0.1%
Han Kuk Carbon		59,016		1,980,487

Utilities — 0.0%
Korea Electric Power		23,059		690,891

				148,886,176
SPAIN — 0.3%
Consumer Discretionary — 0.3%
Industria de Diseno Textil (A)		117,956		7,056,127

Utilities — 0.0%
Iberdrola		1,489		34,891

				7,091,018
SWEDEN — 2.4%
Communication Services — 1.1%
Spotify Technology *		57,392		25,628,398

Consumer Discretionary — 0.2%
Electrolux, Cl B *(A)		924,176		5,156,229

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

CATHOLIC RESPONSIBLE INVESTMENTS INTERNATIONAL EQUITY FUND

April 30, 2026 (Unaudited)

COMMON STOCK — continued

	Shares		Value
SWEDEN — continued
Industrials — 0.6%
Atlas Copco, Cl A		723,914	$	13,883,126

Information Technology — 0.5%
Hexagon, Cl B (A)		1,087,924		11,860,912

				56,528,665
SWITZERLAND — 2.1%
Consumer Staples — 0.0%
Nestle		375		37,931

Financials — 0.9%
UBS Group		473,017		20,913,118

Health Care — 0.5%
Alcon		102,739		7,662,843
Galderma Group		17,311		3,628,483
				11,291,326
Industrials — 0.7%
ABB		171,922		17,372,583

				49,614,958
TAIWAN — 9.3%
Consumer Discretionary — 0.0%
Pou Chen		600,000		490,598

Financials — 0.1%
KGI Financial Holding		1,711,000		1,166,130

Industrials — 0.2%
Eva Airways		1,159,000		1,227,448
Evergreen Marine Taiwan		371,000		2,373,349
Wan Hai Lines		413,000		972,393
				4,573,190
Information Technology — 9.0%
Accton Technology		74,000		5,419,509
Asia Vital Components		35,087		3,212,330
ASPEED Technology		6,772		3,640,442
Chroma ATE		46,000		3,143,196
Delta Electronics		85,000		5,960,665
Elite Material		25,000		3,725,116
Global Unichip		11,000		1,520,887
Gold Circuit Electronics		119,000		5,386,650
Hon Hai Precision Industry		561,000		3,963,476
Innodisk		21,000		851,116
King Slide Works		5,000		634,342
King Yuan Electronics		137,000		1,339,505
MPI		12,000		1,926,765
Nanya Technology *		118,000		835,366

COMMON STOCK — continued

	Shares		Value
TAIWAN — continued
Information Technology— continued
Taiwan Semiconductor Manufacturing		1,506,000	$	104,549,334
Taiwan Semiconductor Manufacturing ADR		150,198		59,487,420
Taiwan Surface Mounting Technology		162,000		868,238
Wistron		404,000		1,779,273
Wiwynn		18,000		2,702,530
WPG Holdings		154,000		493,462
WT Microelectronics		152,000		987,608
				212,427,230
				218,657,148
THAILAND — 0.1%
Consumer Discretionary — 0.0%
Com7, Cl F		1,343,400		943,437

Energy — 0.0%
PTT Exploration & Production		182,400		866,008

Financials — 0.1%
Kasikornbank		75,700		450,519
Kiatnakin Phatra Bank		242,800		589,072
				1,039,591
				2,849,036
TÜRKIYE — 0.3%
Consumer Staples — 0.0%
Ulker Biskuvi Sanayi		320,286		878,249

Energy — 0.1%
Turkiye Petrol Rafinerileri		254,556		1,530,337

Industrials — 0.1%
Enka Insaat ve Sanayi		611,772		1,418,402
Turk Hava Yollari AO		239,681		1,631,872
				3,050,274
Real Estate — 0.1%
Emlak Konut Gayrimenkul
Yatirim Ortakligi ‡		4,147,958		1,892,096

				7,350,956
UNITED ARAB EMIRATES — 0.1%
Communication Services — 0.0%
Emirates Telecommunications Group PJSC		67,489		341,772

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

CATHOLIC RESPONSIBLE INVESTMENTS INTERNATIONAL EQUITY FUND

April 30, 2026 (Unaudited)

COMMON STOCK — continued

	Shares		Value
UNITED ARAB EMIRATES — continued
Real Estate — 0.1%
Emaar Properties PJSC		683,909	$	2,202,307

				2,544,079
UNITED KINGDOM — 11.3%
Communication Services — 0.2%
Zegona Communications		167,694		3,997,720

Consumer Discretionary — 1.5%
Berkeley Group Holdings		106,373		4,624,935
Compass Group		151,647		4,285,092
InterContinental Hotels Group		47,599		6,805,760
SSP Group		6,788,216		14,668,227
WH Smith		676,187		4,743,432
				35,127,446
Consumer Staples — 1.2%
Diageo		712,562		14,387,380
Unilever		222,511		12,957,566
				27,344,946
Energy — 0.4%
BP		1,209,037		9,557,128
Shell (EUR)		1,553		70,083
Shell (GBP)		1,668		75,732
				9,702,943
Financials — 3.4%
3i Group		620,021		21,532,727
Barclays		3,696,549		21,697,570
Lloyds Banking Group		10,402,930		14,120,926
NatWest Group		1,822,772		14,517,835
Standard Chartered		334,642		8,509,661
				80,378,719
Health Care — 0.6%
Smith & Nephew		907,824		14,027,823

Industrials — 1.5%
Balfour Beatty		370,425		4,110,328
IMI		97,717		3,716,639
RELX (EUR)		468,069		17,129,109
Smiths Group		185,349		6,390,332
Weir Group		84,550		3,060,251
				34,406,659
Information Technology — 0.5%
Halma		79,231		4,761,259
Sage Group		670,466		7,985,205
				12,746,464
Materials — 0.7%
Linde		33,433		16,754,614
Rio Tinto		535		53,818
				16,808,432

COMMON STOCK — continued

	Shares		Value
UNITED KINGDOM — continued
Real Estate — 0.3%
Segro ‡		816,337	$	7,721,500

Utilities — 1.0%
National Grid		1,085,047		19,395,759
SSE		115,781		4,139,659
				23,535,418
				265,798,070
UNITED STATES — 1.6%
Consumer Discretionary — 0.6%
Carnival		528,525		14,011,198

Industrials — 0.9%
Ferguson Enterprises		76,285		20,422,257

Materials — 0.1%
Anglogold Ashanti		31,933		2,959,957

				37,393,412
Total Common Stock
(Cost $1,644,290,190)				2,264,462,102

PREFERRED STOCK — 0.0%

BRAZIL — 0.0%
Consumer Discretionary — 0.0%
Cyrela Brazil Realty Empreendimentos e Participacoes*(C)		16,442		70,818

Industrials — 0.0%
Localiza Rent a Car(C)		14,049		124,463
				195,281
Total Preferred Stock
(Cost $174,398)				195,281

SHORT-TERM INVESTMENT — 1.9%

State Street Institutional U.S. Government Money Market Fund, Institutional Class, 3.570%, (D)
(Cost $45,628,749)		45,628,749	$	45,628,749
Total Short-Term Investment
(Cost $45,628,749)				45,628,749
Total Investments in Securities— 97.8%
(Cost $1,690,093,337)			$	2,310,286,132

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

CATHOLIC RESPONSIBLE INVESTMENTS INTERNATIONAL EQUITY FUND

April 30, 2026 (Unaudited)

Percentages are based on Net Assets of $2,362,084,915.

Non-income producing security.

‡

Real Estate Investment Trust.

More narrow industries are utilized for compliance purposes, whereas broad sectors are utilized for reporting purposes.

(A)

This security or a partial position of this security is on loan at April 30, 2026. The total market value of securities on loan at April 30, 2026 was $43,659,768.

(B)

Level 3 security in accordance with fair value hierarchy.

(C)

There is currently no rate available.

(D)

This security was purchased with cash collateral received from securities lending. The total was of such securities as of April 30, 2026, was $45,628,749.

ADR — American Depositary Receipt

CAD — Canadian Dollar

Cl — Class

EUR — Euro

GBP — British Pound

GDR — Global Depositary Receipt

PJSC — Public Joint-Stock Company

QPSC — Qatari Joint-Stock Company

USD — U.S. Dollar

The following is a summary of the inputs used as of April 30, 2026, in valuing the Fund’s investments carried at market value:

Investments in Securities	Level 1		Level 2		Level 3^			Total
Common Stock
Australia	$	–	$	4,434,187	$	–		$	4,434,187
Austria		–		11,257,423		–			11,257,423
Belgium		–		16,048,521		–			16,048,521
Bermuda		20,634,504		–		–			20,634,504
Brazil		45,131,787		–		–			45,131,787
Canada		94,913,768		–		–			94,913,768
Chile		862,456		–		–			862,456
China		24,021,737		104,311,803		–	#		128,333,540
Columbia		854,830		–		–			854,830
Denmark		3,971,485		1,904,621		–			5,876,106
France		–		199,015,501		–			199,015,501
Germany		–		225,070,285		–			225,070,285
Greece		–		11,453,964		–			11,453,964
Hong Kong		–		26,285,418		–			26,285,418
Hungary		–		2,208,123		–			2,208,123
India		21,531,314		39,704,918		2,189,634			63,425,866
Indonesia		881,591		4,694,967		–			5,576,558
Ireland		39,746,234		30,863,527		–			70,609,761
Israel		9,712,334		–		–			9,712,334
Italy		–		38,763,044		–			38,763,044
Japan		–		202,463,687		–			202,463,687
Jersey		2,137,892		–		–			2,137,892
Malaysia		700,164		2,770,686		–			3,470,850
Mexico		8,973,575		–		–			8,973,575
Netherlands		36,491,933		116,478,004		–			152,969,937
New Zealand		–		2,549,964		–			2,549,964
Poland		–		4,883,830		–			4,883,830
Qatar		–		874,918		–			874,918
Russia		–		–		–	#		–
Saudi Arabia		–		2,743,611		–			2,743,611

Investments in Securities	Level 1		Level 2		Level 3		Total
Singapore	$	76,615,404	$	20,142,683	$	–	$	96,758,087
South Africa		–		9,454,257		–		9,454,257
South Korea		–		148,886,176		–		148,886,176
Spain		–		7,091,018		–		7,091,018
Sweden		25,628,398		30,900,267		–		56,528,665
Switzerland		–		49,614,958		–		49,614,958
Taiwan		60,459,813		158,197,335		–		218,657,148
Thailand		–		2,849,036		–		2,849,036
Türkiye		878,249		6,472,707		–		7,350,956
United Arab Emirates		341,772		2,202,307		–		2,544,079
United Kingdom		16,754,614		249,043,456		–		265,798,070
United States		34,433,455		2,959,957		–		37,393,412
Total Common Stock		525,677,309		1,736,595,159		2,189,634		2,264,462,102

Preferred Stock
Brazil		–		195,281		–		195,281
Total Preferred Stock		–		195,281		–		195,281
Short-Term Investment		45,628,749		–		–		45,628,749
Total Investments in Securities	$	571,306,058	$	1,736,790,440	$	2,189,634	$	2,310,286,132

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, 2026 (Unaudited)

SCHEDULE OF INVESTMENTS
COMMON STOCK — 87.3%
	Shares		Value
AUSTRALIA — 4.2%
Consumer Staples — 0.1%
Inghams Group		93,796	$	127,847

Energy — 0.1%
Beach Energy		82,686		70,139

Financials — 0.5%
Helia Group		16,861		65,525
Steadfast Group		169,309		520,042
				585,567
Health Care — 0.4%
Ansell		23,091		442,345
Regis Healthcare		14,682		69,984
				512,329
Industrials — 0.8%
Emeco Holdings *		105,260		85,954
Mader Group		7,063		38,186
Monadelphous Group		33,843		686,418
Service Stream		60,900		85,740
Ventia Services Group Pty		17,849		68,617
Virgin Australia Holdings *		33,619		52,450
				1,017,365
Information Technology — 0.3%
Bravura Solutions		54,754		84,487
IRESS		14,491		71,238
Technology One		11,274		231,984
				387,709
Materials — 2.0%
Catalyst Metals *		32,187		123,221
Hillgrove Resources *		1,146,098		32,960
Metals X *		306,699		309,990
Ora Banda Mining *		50,993		49,785
Orora		134,497		128,228
Perenti		359,093		485,352
Perseus Mining		198,677		795,128
Ramelius Resources		91,499		226,782
Regis Resources		9,969		51,045
Sandfire Resources *		6,375		76,913
Vault Minerals		23,072		76,867
West African Resources *		19,401		42,185
Westgold Resources		11,005		43,642
				2,442,098
				5,143,054
AUSTRIA — 1.3%
Financials — 0.9%
BAWAG Group		3,474		594,620

COMMON STOCK — continued
	Shares		Value
AUSTRIA — continued
Financials— continued
Vienna Insurance Group Wiener Versicherung Gruppe		6,957	$	523,562
				1,118,182
Industrials — 0.4%
Frequentis		842		72,573
Palfinger		3,623		149,010
Porr Ag		4,284		196,358
				417,941
				1,536,123
BELGIUM — 1.0%
Industrials — 0.6%
Ackermans & van Haaren		568		187,238
Azelis Group		14,278		189,079
Deme Group		1,536		350,329
				726,646
Materials — 0.4%
Titan		8,775		471,436

				1,198,082
BERMUDA — 0.6%
Financials — 0.6%
Lancashire Holdings		96,132		749,763

BRAZIL — 0.5%
Industrials — 0.1%
Marcopolo		73,810		94,366

Utilities — 0.4%
Cia De Sanena Do Parana		56,500		465,957

				560,323
CANADA — 7.2%
Communication Services — 0.3%
Cogeco		1,644		76,251
Quebecor, Cl B		7,532		316,421
				392,672
Consumer Discretionary — 0.8%
Aritzia *		5,825		613,570
BRP		650		36,299
Linamar		4,498		300,362
				950,231
Energy — 2.0%
Freehold Royalties		28,600		378,013
Parex Resources		20,290		426,640
PHX Energy Services		4,509		40,780
PrairieSky Royalty		56,800		1,431,789

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

CATHOLIC RESPONSIBLE INVESTMENTS INTERNATIONAL SMALL-CAP FUND

April 30, 2026 (Unaudited)

COMMON STOCK — continued
	Shares		Value
CANADA — continued
Energy— continued
Precision Drilling *		1,072	$	99,789
Total Energy Services		6,546		113,116
				2,490,127
Financials — 0.5%
AGF Management, Cl B		3,434		40,872
Onex		7,100		597,013
				637,885
Health Care — 0.6%
Extendicare, Cl Trust Units		33,509		738,079

Industrials — 0.6%
Finning International		8,063		589,308
MDA Space *		3,617		110,389
				699,697
Information Technology — 0.0%
Docebo *		3,262		62,240

Materials — 1.9%
Andean Precious Metals *		10,932		50,198
B2Gold		32,964		148,703
Capstone Copper *		12,793		106,397
Cascades		23,881		188,788
First Majestic Silver		4,230		83,164
Fortuna Mining *		15,585		149,999
Hudbay Minerals		14,215		328,143
IAMGOLD *		6,663		111,907
K92 Mining *		2,583		47,367
Major Drilling Group International, Cl Common Subs. Receipt *		25,500		293,575
OceanaGold		9,166		283,243
Orla Mining		2,792		36,513
Rio2, Cl Common Subs. Receipt *		34,000		64,448
Silvercorp Metals		7,188		86,239
Torex Gold Resources		5,380		221,113
Wesdome Gold Mines *		5,200		92,225
				2,292,022
Real Estate — 0.5%
Colliers International Group		1,920		200,309
Primaris REIT ^‡		25,658		355,717
				556,026
				8,818,979
CHINA — 1.3%
Communication Services — 0.2%
Newborn Town *		160,000		188,641
XD		8,800		70,751
				259,392

COMMON STOCK — continued
	Shares		Value
CHINA — continued
Consumer Discretionary — 0.5%
Atour Lifestyle Holdings ADR		4,542	$	173,686
Chervon Holdings		74,900		155,465
JNBY Design		81,000		221,260
				550,411
Consumer Staples — 0.0%
Shanghai Chicmax Cosmetic, Cl H		5,500		32,998

Financials — 0.2%
Bairong, Cl B *		72,500		65,115
FinVolution Group ADR		20,303		100,703
				165,818
Health Care — 0.0%
Biocytogen Pharmaceuticals Beijing, Cl H *		6,500		43,478

Industrials — 0.1%
Jiangxi Guoke Military Industry Group, Cl A		4,400		40,983
Lonking Holdings		214,000		91,084
				132,067
Materials — 0.2%
Fufeng Group		318,000		266,604

Real Estate — 0.1%
Greentown Service Group		130,000		76,163
Onewo, Cl H		33,800		73,175
				149,338
				1,600,106
COLOMBIA — 0.1%
Materials — 0.1%
Grupo Argos		8,438		36,727
Mineros		19,232		72,054
				108,781
				108,781
DENMARK — 1.0%
Financials — 0.0%
Jyske Bank		389		54,129

Health Care — 0.6%
ALK-Abello		17,930		671,269

Industrials — 0.4%
Cadeler *		17,666		121,166
D/S Norden		2,467		116,685

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

CATHOLIC RESPONSIBLE INVESTMENTS INTERNATIONAL SMALL-CAP FUND

April 30, 2026 (Unaudited)

COMMON STOCK — continued
	Shares		Value
DENMARK — continued
Industrials— continued
Per Aarsleff Holding		2,233	$	259,944
				497,795
				1,223,193
FINLAND — 0.8%
Consumer Discretionary — 0.1%
Puuilo		3,836		58,497

Industrials — 0.5%
Metso		37,679		650,546

Materials — 0.2%
Huhtamaki		8,030		256,858

				965,901
FRANCE — 2.0%
Consumer Discretionary — 0.2%
Elior Group		36,712		113,902
Valeo		13,853		174,283
				288,185
Energy — 0.9%
Gaztransport Et Technigaz		1,970		479,044
Technip Energies		12,432		587,826
				1,066,870
Financials — 0.1%
Pluxee		6,544		92,940

Industrials — 0.2%
Elis		9,549		294,915

Information Technology — 0.1%
Vusion		444		63,299

Real Estate — 0.1%
Carmila, Strike Price 866859 ^‡		6,889		137,525

Utilities — 0.4%
Rubis SCA		11,408		469,934

				2,413,668
GERMANY — 2.6%
Communication Services — 0.5%
CTS Eventim & KGaA		8,898		587,000

Consumer Discretionary — 0.1%
HUGO BOSS		1,053		44,631
TUI		13,099		97,430
				142,061

COMMON STOCK — continued
	Shares		Value
GERMANY — continued
Energy — 0.1%
Friedrich Vorwerk Group		895	$	76,732

Industrials — 0.1%
Cewe Stiftung & KGAA		383		42,417
KION Group		820		42,775
				85,192
Information Technology — 1.2%
Adesso		583		39,871
AIXTRON		6,458		356,647
Atoss Software		3,618		336,132
Bechtle		16,453		559,680
Innoscripta		464		36,853
IONOS Group *		6,895		212,130
				1,541,313
Real Estate — 0.6%
TAG Immobilien		45,379		790,956

				3,223,254
GREECE — 0.1%
Industrials — 0.1%
Global Ship Lease, Cl A		2,370		95,748

HONG KONG — 1.1%
Consumer Discretionary — 0.1%
TCL Electronics Holdings		40,000		77,286

Consumer Staples — 0.2%
China Foods		498,000		236,258
First Pacific		88,000		61,735
				297,993
Financials — 0.6%
Bank of East Asia		246,200		430,747
Dah Sing Banking Group		60,400		97,192
Dah Sing Financial Holdings		48,000		252,569
				780,508
Materials — 0.1%
Lee & Man Paper Manufacturing		338,000		146,217

Real Estate — 0.1%
China Overseas Property Holdings		115,000		58,562

				1,360,566

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

CATHOLIC RESPONSIBLE INVESTMENTS INTERNATIONAL SMALL-CAP FUND

April 30, 2026 (Unaudited)

COMMON STOCK — continued
	Shares		Value
HUNGARY — 0.6%
Communication Services — 0.6%
Magyar Telekom Telecommunications ADR		90,450	$	715,378

INDIA — 3.1%
Communication Services — 0.1%
Tips Music		18,637		128,098

Consumer Discretionary — 0.0%
Sansera Engineering		2,309		61,616

Consumer Staples — 0.2%
Avanti Feeds		13,011		191,515

Financials — 0.7%
Karur Vysya Bank		71,662		222,471
LIC Housing Finance		13,969		82,073
Multi Commodity Exchange of India		10,676		336,358
South Indian Bank		576,908		241,029
				881,931
Health Care — 0.9%
Acutaas Chemicals		7,083		194,711
Ajanta Pharma		6,286		187,509
Indegene		26,511		140,257
Sai Life Sciences *		49,091		555,006
				1,077,483
Industrials — 0.7%
Dcx Systems *		21,411		45,743
eClerx Services		8,280		125,319
Force Motors		1,435		302,793
Nava		60,176		421,252
				895,107
Information Technology — 0.0%
Premier Energies		3,827		41,287

Materials — 0.3%
Godawari Power and Ispat		60,287		189,301
Gulf Oil Lubricants India		4,381		45,628
National Aluminium		27,216		115,154
				350,083
Real Estate — 0.1%
Mindspace Business Parks REIT ^‡		14,034		69,181

COMMON STOCK — continued
	Shares		Value
INDIA — continued
Utilities — 0.1%
PTC India		36,375	$	80,096

				3,776,397
INDONESIA — 0.6%
Consumer Staples — 0.4%
Dharma Satya Nusantara		651,600		66,200
Indofood Sukses Makmur		29,100		11,348
Japfa Comfeed Indonesia		881,500		126,292
Perusahaan Perkebunan London Sumatra Indonesia		1,064,100		106,041
Triputra Agro Persada		1,157,100		140,356
				450,237
Energy — 0.1%
Adaro Andalan Indonesia		172,600		115,665
Elnusa		1,529,500		70,004
				185,669
Materials — 0.1%
Aneka Tambang		485,900		105,447

Real Estate — 0.0%
Kawasan Industri Jababeka		4,026,500		41,870

				783,223
ISRAEL — 0.9%
Consumer Discretionary — 0.1%
Global-e Online, Cl E *		3,529		110,705

Energy — 0.0%
Delek Group		156		53,535

Financials — 0.1%
Harel Insurance Investments & Financial Services		1,951		120,630

Industrials — 0.1%
El Al Israel Airlines		32,784		147,148

Information Technology — 0.6%
Camtek *		650		124,748
Ituran Location and Control		9,410		542,016
				666,764
				1,098,782
ITALY — 3.3%
Consumer Discretionary — 0.6%
De' Longhi		17,610		684,436
OVS		18,601		110,641
				795,077

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

CATHOLIC RESPONSIBLE INVESTMENTS INTERNATIONAL SMALL-CAP FUND

April 30, 2026 (Unaudited)

COMMON STOCK — continued
	Shares		Value
ITALY — continued
Consumer Staples — 0.1%
NewPrinces *		7,531	$	149,092

Energy — 0.1%
Saipem		12,525		67,826

Financials — 0.5%
Azimut Holding		13,264		562,966
Credito Emiliano		2,190		38,791
				601,757
Industrials — 0.8%
Interpump Group		20,123		847,913
Maire		3,504		64,766
TREVI - Finanziaria Industriale *(A)		286,720		104,364
				1,017,043
Information Technology — 0.3%
Reply		510		56,517
Sesa		818		82,782
Technoprobe *		12,887		279,549
				418,848
Materials — 0.9%
Buzzi		19,058		1,042,962

				4,092,605
JAPAN — 23.8%
Communication Services — 0.2%
DeNA		3,600		58,687
Dentsu Group *		3,900		73,974
NexTone		9,100		85,824
Toei		1,400		51,575
				270,060
Consumer Discretionary — 3.3%
Aucnet		5,400		41,536
Chiyoda Co.		5,300		32,765
Doutor Nichires Holdings		5,900		104,124
Foster Electric		15,700		298,694
Greens		4,400		64,942
Happinet		10,200		174,366
Joshin Denki		3,700		68,669
JTEKT		15,200		185,466
Mazda Motor		19,500		125,400
McDonald's Holdings Japan		8,800		455,991
Mitsubishi Motors		62,100		121,168
Noritsu Koki		9,100		121,023
Open House Group		3,100		182,272
PIA		3,700		82,525
Round One		6,700		36,356
Shimamura		29,400		614,247

COMMON STOCK — continued
	Shares		Value
JAPAN — continued
Consumer Discretionary— continued
Stanley Electric		37,000	$	721,433
Tay Two		10,900		9,710
Tosho		12,900		68,676
Toyoda Gosei		7,400		218,142
Toyota Boshoku		5,200		73,502
Workman		4,700		213,842
				4,014,849
Consumer Staples — 1.7%
Chubu Shiryo		18,100		194,484
Earth		1,500		43,847
Ezaki Glico		5,700		205,993
H2O Retailing		7,200		105,547
Kameda Seika		7,800		71,014
Lion		27,800		271,687
Megmilk Snow Brand		2,500		50,187
San-A, Cl A		30,700		644,031
Showa Sangyo		15,900		311,424
UMIOS		18,600		157,118
Valor Holdings		1,700		40,018
				2,095,350
Energy — 0.0%
Itochu Enex		3,600		43,764

Financials — 2.7%
Credit Saison		5,800		160,500
Hachijuni Nagano Bank		44,100		596,910
Hyakugo Bank		20,200		229,644
Juroku Financial Group		10,500		137,823
Kyoto Financial Group		15,100		416,982
Shizuoka Financial Group		33,000		578,781
Tokyo Century		14,000		192,132
Tokyo Kiraboshi Financial Group		2,700		200,743
TOMONY Holdings		23,800		134,268
Traders Holdings		12,100		80,735
Yamaguchi Financial Group		7,100		121,882
Zenkoku Hosho		23,400		470,644
				3,321,044
Health Care — 0.2%
Kidswell Bio *		49,300		69,284
Seed		28,300		96,461
Tokai		3,200		53,664
				219,409
Industrials — 7.4%
ALSOK		53,600		405,034
ARCHION *(A)		15,700		30,357
Daihen		900		88,955
Daiseki		22,600		604,631
Glory		38,800		986,018

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

CATHOLIC RESPONSIBLE INVESTMENTS INTERNATIONAL SMALL-CAP FUND

April 30, 2026 (Unaudited)

COMMON STOCK — continued
	Shares		Value
JAPAN — continued
Industrials— continued
Hamakyorex		5,900	$	64,661
Hitachi Construction Machinery		3,400		118,897
Hoshizaki		20,700		672,407
Ichiken		3,700		65,804
Japan Elevator Service Holdings		36,500		368,919
Kamigumi		16,100		531,602
Kanamoto		11,200		329,835
Luckland		5,300		48,486
Mabuchi Motor		13,700		128,814
MEITEC Group Holdings		40,300		806,346
MISUMI Group		40,500		931,358
Nankai Electric Railway		8,700		164,787
NGK Insulators		15,200		480,780
Nishi-Nippon Railroad		17,700		323,921
NSK		19,400		157,423
NTN		30,600		74,631
Sanko Gosei		16,800		92,887
Sato Holdings		17,300		229,791
Sumitomo Warehouse		10,200		245,572
Taikisha		27,100		601,363
TOTO		2,600		91,246
TRE Holdings		5,600		57,279
World Holdings		2,300		37,671
YAMABIKO		10,900		271,190
				9,010,665
Information Technology — 4.2%
Alps Alpine		11,100		166,410
Anritsu		30,900		808,099
Change Holdings		8,500		49,041
Cybozu		16,600		221,017
DTS		115,300		750,678
Ferrotec Holdings		3,700		178,212
Horiba		6,800		945,905
Japan Material		15,400		177,138
Maruwa		1,800		849,519
Oki Electric Industry		16,400		354,451
Siix		24,900		203,881
SUMCO		4,300		68,539
Sumida		6,100		52,185
Wacom		60,400		277,738
				5,102,813
Materials — 2.2%
Aica Kogyo		10,900		243,821
Artience		3,900		97,184
Fuji Seal International		27,500		434,170
Kobe Steel		8,600		105,885
Konoshima Chemical		3,300		38,402
Lintec		4,100		132,552
Mitsui Chemicals		10,100		123,093

COMMON STOCK — continued
	Shares		Value
JAPAN — continued
Materials— continued
MORESCO		9,500	$	104,265
Nihon Parkerizing		43,000		395,059
Nippon Chemical Industrial		2,000		43,047
Nippon Kayaku		16,000		177,281
Nippon Light Metal Holdings		17,500		320,198
Nippon Paper Industries		32,100		269,093
Oat Agrio		4,100		70,538
Sakata INX		4,500		67,103
Sekisui Kasei		17,100		49,535
				2,671,226
Real Estate — 1.7%
Global One Real Estate Investment ^‡		586		457,218
Kasumigaseki Capital		1,700		70,592
KDX Realty Investment ^‡		106		110,612
Leopalace21		39,100		162,767
NIPPON REIT Investment ^‡		152		86,939
Orix JREIT ^‡		1,239		784,332
Sekisui House Reit ^‡		738		401,110
				2,073,570
Utilities — 0.2%
Hokkaido Gas		31,300		165,176
RENOVA *		8,800		63,020
				228,196
				29,050,946
LUXEMBOURG — 0.3%
Energy — 0.3%
d'Amico International Shipping		28,649		268,853
Subsea 7		4,116		147,670
				416,523
				416,523
MALAYSIA — 0.8%
Materials — 0.1%
Malayan Cement		50,500		88,373

Real Estate — 0.7%
Eco World Development Group		232,300		120,797
Mah Sing Group		139,200		38,711
Sunway Real Estate Investment Trust ^‡		1,088,500		674,435
				833,943
				922,316
MEXICO — 0.2%
Financials — 0.2%
Gentera		88,300		230,179

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

CATHOLIC RESPONSIBLE INVESTMENTS INTERNATIONAL SMALL-CAP FUND

April 30, 2026 (Unaudited)

COMMON STOCK — continued
	Shares		Value
NETHERLANDS — 1.3%
Consumer Discretionary — 0.2%
Basic-Fit *		7,754	$	260,360

Industrials — 1.1%
Aalberts		16,706		634,279
Arcadis		13,595		581,943
Koninklijke Heijmans NorthV		673		68,057
Signify		2,095		47,624
				1,331,903
				1,592,263
NORWAY — 1.9%
Energy — 0.2%
Sea1 offshore		25,422		81,300
Solstad Offshore		12,001		84,757
				166,057
Financials — 0.7%
SpareBank 1 SMN		40,136		892,237

Industrials — 0.3%
Hoegh Autoliners		16,066		228,833
Wallenius Wilhelmsen, Cl B		10,745		137,688
				366,521
Information Technology — 0.6%
Atea		40,170		674,937
Kitron		6,015		64,661
				739,598
Materials — 0.1%
Elopak		39,104		150,277

				2,314,690
PHILIPPINES — 0.3%
Real Estate — 0.3%
AREIT ^‡		359,400		230,928
Robinsons Land		406,700		114,960
				345,888
				345,888
PORTUGAL — 0.4%
Consumer Staples — 0.4%
Sonae SGPS		224,999		514,917

SAUDI ARABIA — 0.5%
Consumer Staples — 0.0%
Al Majed for Oud		958		37,508

Industrials — 0.5%
Al Babtain Power & Telecommunication		20,025		356,350

COMMON STOCK — continued
	Shares		Value
SAUDI ARABIA — continued
Industrials— continued
Electrical Industries		38,876	$	188,833
				545,183
				582,691
SINGAPORE — 0.9%
Real Estate — 0.9%
Centurion		74,100		95,533
Digital Core REIT Management Pte ^‡		657,400		339,444
UOL Group		73,900		617,862
				1,052,839
				1,052,839
SOUTH AFRICA — 0.6%
Communication Services — 0.1%
Telkom SOC		14,134		50,917

Consumer Staples — 0.2%
AVI		37,726		225,226

Materials — 0.1%
Omnia Holdings		22,444		129,665

Real Estate — 0.2%
Redefine Properties ^‡		775,800		294,870

				700,678
SOUTH KOREA — 2.8%
Communication Services — 0.1%
NC		735		135,703

Consumer Discretionary — 0.3%
Kumho Tire *		33,403		132,032
LF		6,974		117,035
Youngone		2,213		124,084
				373,151
Financials — 0.5%
JB Financial Group		13,530		250,372
KIWOOM Securities		864		235,570
Seoul Guarantee Insurance		2,750		88,911
				574,853
Health Care — 0.1%
Seegene		8,175		135,972

Industrials — 1.0%
HD Construction Equipment		2,194		275,643
HD-Hyundai Marine Engine *		590		42,383
Korea Electric Terminal		4,467		276,427

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

100

CATHOLIC RESPONSIBLE INVESTMENTS INTERNATIONAL SMALL-CAP FUND

April 30, 2026 (Unaudited)

COMMON STOCK — continued
	Shares		Value
SOUTH KOREA — continued
Industrials— continued
S-1, Cl 1		11,096	$	646,330
				1,240,783
Information Technology — 0.3%
Cafe24 *		2,484		42,457
IsuPetasys		1,126		116,896
LG Innotek		421		164,592
				323,945
Materials — 0.5%
Han Kuk Carbon		4,511		151,382
Hansol Chemical		764		149,493
KCC		538		204,052
Unid		1,365		87,631
				592,558
				3,376,965
SPAIN — 1.7%
Consumer Discretionary — 0.0%
Gestamp Automocion		20,358		77,117

Consumer Staples — 1.2%
Distribuidora Internacional de Alimentacion *		3,808		175,767
Viscofan		17,953		1,264,696
				1,440,463
Financials — 0.2%
Linea Directa Aseguradora Cia de Seguros y Reaseguros		188,241		262,771

Materials — 0.3%
Vidrala		3,759		338,928

				2,119,279
SWEDEN — 3.6%
Communication Services — 0.1%
Hemnet Group		5,759		74,502

Consumer Discretionary — 0.2%
AcadeMedia		3,628		38,743
Clas Ohlson, Cl B		5,549		238,948
Nobia *		149,762		27,907
				305,598
Consumer Staples — 0.5%
AAK (A)		22,705		649,944

Financials — 0.1%
Hoist Finance		4,274		65,871

COMMON STOCK — continued
	Shares		Value
SWEDEN — continued
Health Care — 1.1%
Ambea		19,589	$	296,633
Asker Healthcare Group *		38,067		312,581
Attendo		38,693		446,732
Camurus *		2,596		150,083
Medcap *		2,308		119,692
				1,325,721
Industrials — 0.9%
Beijer Ref, Cl B (A)		35,624		503,664
Loomis, Cl B		4,967		230,833
NCC AB, Cl B		6,928		149,766
Peab, Cl B		28,192		273,329
				1,157,592
Information Technology — 0.0%
HMS Networks		692		40,247

Materials — 0.5%
Hexpol		73,802		601,263

Real Estate — 0.2%
Corem Property Group, Cl B		356,162		123,387
Platzer Fastigheter Holding, Cl B		10,604		79,178
				202,565
				4,423,303
SWITZERLAND — 2.5%
Financials — 0.4%
EFG International		5,450		117,156
Vontobel Holding		5,027		426,043
				543,199
Health Care — 0.1%
Dottikon Es Holding *		255		111,691

Industrials — 1.6%
Accelleron Industries		4,771		510,707
Bossard Holding		2,891		590,369
Bucher Industries		493		195,593
Montana Aerospace *		14,933		392,279
SFS Group		1,858		282,822
				1,971,770
Information Technology — 0.2%
Temenos		2,687		254,616

Real Estate — 0.2%
International Workplace Group		68,520		172,251
Intershop Holding		181		39,253
				211,504
				3,092,780

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

101

CATHOLIC RESPONSIBLE INVESTMENTS INTERNATIONAL SMALL-CAP FUND

April 30, 2026 (Unaudited)

COMMON STOCK — continued
	Shares		Value
TAIWAN — 4.3%
Consumer Discretionary — 0.1%
Depo Auto Parts Industries		30,000	$	118,856

Industrials — 0.4%
AcBel Polytech		36,000		54,803
Advanced Energy Solution Holding		2,000		71,668
Sincere Navigation		80,000		88,230
Sunonwealth Electric Machine Industry		9,000		41,700
United Integrated Services		7,000		213,558
				469,959
Information Technology — 3.2%
Airoha Technology		8,000		140,333
Arcadyan Technology		31,000		156,970
ASROCK		26,000		196,877
Chenbro Micom		5,000		181,720
Compeq Manufacturing		65,000		506,866
Elan Microelectronics		13,000		56,419
Genius Electronic Optical		5,000		81,229
Holtek Semiconductor *		26,000		44,746
ITE Technology		20,000		79,060
Kinsus Interconnect Technology		5,000		84,942
LandMark Optoelectronics		1,000		86,743
Macronix International *		34,000		169,929
MPI		3,000		481,691
Nanya Technology *		21,000		148,667
Phison Electronics		1,000		62,576
Pixart Imaging		27,000		180,351
Posiflex Technology		9,000		52,798
Powertech Technology		6,000		39,351
Sigurd Microelectronics		13,000		75,008
Sitronix Technology		18,000		131,990
Synnex Technology International		24,000		62,915
Thinking Electronic Industrial		43,000		240,162
Tripod Technology		5,000		72,036
Visual Photonics Epitaxy		20,000		222,812
Winbond Electronics		82,000		241,920
WNC		9,000		61,962
				3,860,073
Materials — 0.6%
Eternal Materials		240,000		604,335
Shiny Chemical Industrial		16,000		85,021
				689,356
Real Estate — 0.0%
Sakura Development		48,000		62,125

				5,200,369

COMMON STOCK — continued
	Shares		Value
THAILAND — 0.7%
Energy — 0.3%
Bangchak NVDR		116,600	$	127,877
IRPC NVDR		4,358,900		284,675
				412,552
Industrials — 0.2%
Regional Container Lines		288,200		271,866

Materials — 0.1%
TOA Paint Thailand		214,600		85,583

Real Estate — 0.0%
WHA NVDR		336,500		46,404

Utilities — 0.1%
Rojana Industrial Park		551,300		79,150

				895,555
TÜRKIYE — 0.3%
Financials — 0.0%
Turkiye Sinai Kalkinma Bankasi		198,282		50,943

Industrials — 0.0%
Ral Yatirim Holding *		6,806		50,570

Real Estate — 0.3%
Reysas Gayrimenkul Yatirim Ortakligi *^‡		494,055		331,303

				432,816
UNITED KINGDOM — 7.0%
Communication Services — 0.3%
4imprint Group		6,242		309,017

Consumer Discretionary — 1.4%
Currys		232,031		393,171
Domino's Pizza Group		178,871		471,289
Dunelm Group		6,940		70,916
Games Workshop Group		2,717		719,612
				1,654,988
Consumer Staples — 0.8%
Cranswick		617		45,104
Nomad Foods		58,189		565,597
Premier Foods		154,612		413,841
				1,024,542
Financials — 1.8%
Aberdeen Group		19,358		54,631
AJ Bell		59,866		423,012
Beazley		11,879		206,042

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

102

CATHOLIC RESPONSIBLE INVESTMENTS INTERNATIONAL SMALL-CAP FUND

April 30, 2026 (Unaudited)

COMMON STOCK — continued
	Shares		Value
UNITED KINGDOM — continued
Financials— continued
CMC Markets		20,281	$	101,803
Foresight Group Holdings		93,453		508,587
Man Group		30,734		106,048
OSB Group		23,267		167,026
Paragon Banking Group		54,280		552,079
Saga *		14,777		118,269
				2,237,497
Health Care — 0.2%
Convatec Group		100,952		289,107

Industrials — 2.1%
Balfour Beatty		12,068		133,909
Diploma		6,934		655,310
easyJet		34,679		165,753
Howden Joinery Group		31,623		333,165
IMI		28,808		1,095,704
Johnson Service Group		40,272		70,263
Stolt-Nielsen		3,628		117,780
				2,571,884
Materials — 0.4%
Capital		74,170		115,399
Elementis		187,556		377,192
				492,591
				8,579,626
UNITED STATES — 1.1%
Consumer Discretionary — 0.3%
Carnival ADR		13,330		352,579

Consumer Staples — 0.4%
Primo Brands, Cl A		20,639		420,623

Industrials — 0.4%
Cirrus Aircraft		14,800		72,387
Reliance Worldwide		197,549		467,832
				540,219
				1,313,421
Total Common Stock
(Cost $85,409,262)				106,621,970

EXCHANGE-TRADED FUNDS — 4.6%

INTERNATIONAL — 3.9%
iShares Core MSCI Emerging Markets ETF		13,720		1,076,883

EXCHANGE-TRADED FUNDS — continued
	Shares		Value
INTERNATIONAL — continued
iShares MSCI Canada ETF		6,948	$	407,153
iShares MSCI EAFE Small-Capital ETF		39,236		3,279,737
				4,763,773
UNITED STATES — 0.7%
VanEck Junior Gold Miners ETF		7,173		834,507

Total Exchange-Traded Funds
(Cost $5,000,333)				5,598,280

PREFERRED STOCK — 0.4%

BRAZIL — 0.4%
Utilities — 0.4%
Cia De Sanena Do Parana(B)		342,700		544,754
Total Preferred Stock
(Cost $488,838)				544,754

SHORT-TERM INVESTMENT — 0.8%

State Street Institutional U.S. Government Money Market Fund, Institutional Class, 3.570%, (C)
(Cost $971,429)		971,429	$	971,429
Total Short-Term Investment
(Cost $971,429)				971,429
Total Investments in Securities— 93.1%
(Cost $91,869,862)			$	113,736,433

Percentages are based on Net Assets of $122,170,032.

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

103

CATHOLIC RESPONSIBLE INVESTMENTS INTERNATIONAL SMALL-CAP FUND

April 30, 2026 (Unaudited)

A list of the open futures contracts held by the Fund at April 30, 2026, is as follows:

Type of Contract	Number of Contracts	Expiration Date	Notional Amount		Value		Unrealized Appreciation/ (Depreciation)
Long Contracts
CAD Currency	19	Jun-2026	$	1,397,280	$	1,401,250	$	3,970
MSCI EAFE Index	25	Jun-2026		3,588,868		3,807,625		218,757
MSCI Emerging Markets Index	22	Jun-2026		1,608,904		1,797,620		188,716
Russell 2000 Index E-Mini	1	Jun-2026		122,262		140,390		18,128
S&P TSX 60 Index	5	Jun-2026		1,390,562		1,457,792		67,230
			$	8,107,876	$	8,604,677	$	496,801

*	Non-income producing security.
‡	Real Estate Investment Trust.
(A)	This security or a partial position of this security is on loan at April 30, 2026. The total market value of securities on loan at April 30, 2026 was $923,208.
(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, 2026, was $971,429.

ADR — American Depositary Receipt

Cl — Class

EAFE — Europe, Australasia and Far East

ETF — Exchange-Traded Fund

MSCI — Morgan Stanley Capital International

NVDR — Non-Voting Depositary Receipt

Pty — Proprietary

REIT — Real Estate investment Trust

S&P— Standard & Poor's

Ser — Series

TSX — Toronto Stock Exchange

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

104

CATHOLIC RESPONSIBLE INVESTMENTS INTERNATIONAL SMALL-CAP FUND

April 30, 2026 (Unaudited)

The following is a summary of the inputs used as of April 30, 2026, in valuing the Fund’s investments and other financial instruments carried at market value:

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

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

Investments in Securities	Level 1		Level 2		Level 3		Total
Common Stock
Australia	$	193,580	$	4,949,474	$	–	$	5,143,054
Austria		–		1,536,123		–		1,536,123
Belgium		–		1,198,082		–		1,198,082
Bermuda		–		749,763		–		749,763
Brazil		560,323		–		–		560,323
Canada		8,818,979		–		–		8,818,979
China		547,313		1,052,793		–		1,600,106
Colombia		108,781		–		–		108,781
Denmark		–		1,223,193		–		1,223,193
Finland		58,497		907,404		–		965,901
France		–		2,413,668		–		2,413,668
Germany		376,003		2,847,251		–		3,223,254
Greece		95,748		–		–		95,748
Hong Kong		252,569		1,107,997		–		1,360,566
Hungary		–		715,378		–		715,378
India		–		3,776,397		–		3,776,397
Indonesia		401,216		382,007		–		783,223
Israel		777,469		321,313		–		1,098,782
Italy		–		4,092,605		–		4,092,605
Japan		1,894,637		27,156,309		–		29,050,946
Luxembourg		268,853		147,670		–		416,523
Malaysia		88,373		833,943		–		922,316
Mexico		230,179		–		–		230,179
Netherlands		–		1,592,263		–		1,592,263
Norway		1,356,104		958,586		–		2,314,690
Philippines		230,928		114,960		–		345,888
Portugal		–		514,917		–		514,917
Saudi Arabia		–		582,691		–		582,691
Singapore		–		1,052,839		–		1,052,839
South Africa		354,891		345,787		–		700,678
South Korea		–		3,376,965		–		3,376,965
Spain		262,771		1,856,508		–		2,119,279
Sweden		683,180		3,740,123		–		4,423,303
Switzerland		39,253		3,053,527		–		3,092,780
Taiwan		–		5,200,369		–		5,200,369
Thailand		207,027		688,528		–		895,555
Türkiye		331,303		101,513		–		432,816
United Kingdom		3,713,291		4,866,335		–		8,579,626
United States		773,202		540,219		–		1,313,421
Total Common Stock		22,624,470		83,997,500		–		106,621,970
Exchange-Traded Funds		5,598,280		–		–		5,598,280
Preferred Stock
Brazil		544,754		–		–		544,754
Total Preferred Stock		544,754		–		–		544,754
Short-Term Investment		971,429		–		–		971,429
Total Investments in Securities	$	29,738,933	$	83,997,500	$	–	$	113,736,433

Other Financial Instruments	Level 1		Level 2		Level 3		Total
Futures Contracts*
Unrealized Appreciation	$	496,801	$	–	$	–	$	496,801
Total Other Financial Instruments	$	496,801	$	–	$	–	$	496,801

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

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

105

CATHOLIC RESPONSIBLE INVESTMENTS MAGNUS 45/55 FUND

April 30, 2026 (Unaudited)

SCHEDULE OF INVESTMENTS
OPEN-END MUTUAL FUNDS — 99.6%
	Shares		Value
EQUITY — 35.7%
Catholic Responsible Investments Equity Index Fund, Cl Institutional Shares^†(A)		2,826,426	$	42,961,675
Catholic Responsible Investments Multi-Style US Equity Fund, Cl Institutional Shares^†		1,027,327		13,231,967
Catholic Responsible Investments Small-Cap Fund, Cl Institutional Shares^†		795,899		9,152,837
				65,346,479
FIXED INCOME — 52.4%
Catholic Responsible Investments Bond Fund, Cl Institutional Shares^†(A)		5,651,545		47,868,589
Catholic Responsible Investments Opportunistic Bond Fund, Cl Institutional Shares^†(A)		2,575,561		23,978,472
Catholic Responsible Investments Short Duration Bond Fund, Cl Institutional Shares^†(A)		2,470,306		23,863,159
				95,710,220
INTERNATIONAL — 11.5%
Catholic Responsible Investments International Equity Fund, Cl Institutional Shares^†		1,415,600		16,831,478
Catholic Responsible Investments International Small-Cap Fund, Cl Institutional Shares^†		356,152		4,256,020
				21,087,498
Total Open-End Mutual Funds
(Cost $152,753,251)				182,144,197
Total Investments in Securities— 99.6%
(Cost $152,753,251)			$	182,144,197

Percentages are based on Net Assets of $182,793,648.

†	Investment in Affiliated Security.
(A)	Represents greater than 10% of the Fund's total investments. For further financial information, please go to the Fund's website at https://cbisonline.com/us/legal-financial/.

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.

106

CATHOLIC RESPONSIBLE INVESTMENTS MAGNUS 45/55 FUND

April 30, 2026 (Unaudited)

The following is a summary of the Fund's transactions with affiliates for the period ended April 30, 2026:

Security Description	Value 10/31/2025		Purchases at Cost		Proceeds from Sales			Change in Unrealized Appreciation			Realized Gain (Loss)			Value 4/30/2026		Income		Capital Gains
Catholic Responsible Investments Equity Index Fund, Cl Institutional Shares	$	32,597,512	$	9,987,253	$	(1,606,757	)	$	1,450,895		$	532,772		$	42,961,675	$	248,805	$	—
Catholic Responsible Investments Multi-Style US Equity Fund, Cl Institutional Shares		10,006,515		3,373,358		(368,870	)		196,165			24,798			13,231,966		17,988		—
Catholic Responsible Investments Small-Cap Fund, Cl Institutional Shares		6,294,094		2,163,041		(372,581	)		909,601			158,682			9,152,837		155,509		—
Catholic Responsible Investments Bond Fund, Cl Institutional Shares		38,009,174		11,935,200		(1,307,127	)		(619,720	)		(148,937	)		47,868,590		956,497		—
Catholic Responsible Investments Opportunistic Bond Fund, Cl Institutional Shares		18,800,104		5,978,585		(653,564	)		(142,294	)		(4,359	)		23,978,472		489,233		—
Catholic Responsible Investments Short Duration Bond Fund, Cl Institutional Shares		18,750,510		5,954,123		(653,564	)		(164,520	)		(23,390	)		23,863,159		464,772		—
Catholic Responsible Investments International Equity Fund, Cl Institutional Shares		12,610,378		4,146,865		(208,786	)		505,451			(222,430	)		16,831,478		117,223		—
Catholic Responsible Investments International Small-Cap Fund, Cl Institutional Shares		3,071,339		1,203,636		(313,932	)		90,051			204,926			4,256,020		98,394		—
Totals:	$	140,139,626	$	44,742,061	$	(5,485,181	)	$	2,225,629		$	522,062		$	182,144,197	$	2,548,421	$	—

Amounts designated as “–” are $0.

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

107

CATHOLIC RESPONSIBLE INVESTMENTS MAGNUS 60/40 ALPHA PLUS FUND

April 30, 2026 (Unaudited)

SCHEDULE OF INVESTMENTS

OPEN-END MUTUAL FUNDS — 99.9%

	Shares		Value
EQUITY — 47.1%
Catholic Responsible Investments Equity Index Fund, Cl Institutional Shares^†(A)		16,984,870	$	258,170,028
Catholic Responsible Investments Multi-Style US Equity Fund, Cl Institutional Shares^†(A)		31,263,499		402,673,866
Catholic Responsible Investments Small-Cap Fund, Cl Institutional Shares^†		9,532,007		109,618,086
				770,461,980
FIXED INCOME — 37.5%
Catholic Responsible Investments Bond Fund, Cl Institutional Shares^†(A)		36,326,741		307,687,496
Catholic Responsible Investments Opportunistic Bond Fund, Cl Institutional Shares^†		16,518,002		153,782,597
Catholic Responsible Investments Short Duration Bond Fund, Cl Institutional Shares^†		15,832,305		152,940,066
				614,410,159
INTERNATIONAL — 15.3%
Catholic Responsible Investments International Equity Fund, Cl Institutional Shares^†(A)		16,861,002		200,477,309
Catholic Responsible Investments International Small-Cap Fund, Cl Institutional Shares^†		4,242,460		50,697,394
				251,174,703
Total Open-End Mutual Funds
(Cost $1,258,456,054)				1,636,046,842
Total Investments in Securities— 99.9%
(Cost $1,258,456,054)			$	1,636,046,842

Percentages are based on Net Assets of $1,637,083,222.

†	Investment in Affiliated Security.

(A)	Represents greater than 10% of the Fund's total investments. For further financial information, please go to the Fund's website at https://cbisonline.com/us/legal-financial/.

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.

108

CATHOLIC RESPONSIBLE INVESTMENTS MAGNUS 60/40 ALPHA PLUS FUND

April 30, 2026 (Unaudited)

The following is a summary of the Fund's transactions with affiliates for the period ended April 30, 2026:

Security Description	Value 10/31/2025		Purchases at Cost		Proceeds from Sales			Change in Unrealized Appreciation			Realized Gain (Loss)			Value 4/30/2026		Income		Capital Gains
Catholic Responsible Investments Equity Index Fund, Cl Institutional Shares	$	239,736,140	$	16,722,344	$	(9,719,753	)	$	6,875,844		$	4,555,453		$	258,170,028	$	1,620,774	$	—
Catholic Responsible Investments Multi-Style US Equity Fund, Cl Institutional Shares		374,275,413		34,980,897		(10,304,501	)		2,670,372			1,051,685			402,673,866		595,581		—
Catholic Responsible Investments Small-Cap Fund, Cl Institutional Shares		91,680,456		8,636,912		(4,537,147	)		11,553,998			2,283,867			109,618,086		2,078,616		—
Catholic Responsible Investments Bond Fund, Cl Institutional Shares		301,540,626		18,849,704		(7,973,524	)		(3,492,045	)		(1,237,264	)		307,687,497		6,599,430		—
Catholic Responsible Investments Opportunistic Bond Fund, Cl Institutional Shares		149,118,757		9,493,250		(3,986,762	)		(665,457	)		(177,191	)		153,782,597		3,368,112		—
Catholic Responsible Investments Short Duration Bond Fund, Cl Institutional Shares		148,717,458		9,325,541		(3,986,762	)		(964,566	)		(151,605	)		152,940,066		3,200,404		—
Catholic Responsible Investments International Equity Fund, Cl Institutional Shares		183,382,543		14,851,720		(1,494,242	)		6,739,170			(3,001,883	)		200,477,308		1,549,593		—
Catholic Responsible Investments International Small-Cap Fund, Cl Institutional Shares		44,693,700		5,961,162		(4,014,432	)		1,191,194			2,865,770			50,697,394		1,305,217		—
Totals:	$	1,533,145,093	$	118,821,530	$	(46,017,123	)	$	23,908,510		$	6,188,832		$	1,636,046,842	$	20,317,727	$	—

Amounts designated as “–” are $0.

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

109

CATHOLIC RESPONSIBLE INVESTMENTS MAGNUS 60/40 BETA PLUS FUND

April 30, 2026 (Unaudited)

SCHEDULE OF INVESTMENTS

OPEN-END MUTUAL FUNDS — 99.9%

	Shares		Value
EQUITY — 47.3%
Catholic Responsible Investments Equity Index Fund, Cl Institutional Shares^†(A)		18,191,303	$	276,507,808
Catholic Responsible Investments Small-Cap Fund, Cl Institutional Shares†		3,936,330		45,267,797
				321,775,605
FIXED INCOME — 37.3%
Catholic Responsible Investments Bond Fund, Cl Institutional Shares^†(A)		14,991,637		126,979,167
Catholic Responsible Investments Opportunistic Bond Fund, Cl Institutional Shares†		6,816,793		63,464,341
Catholic Responsible Investments Short Duration Bond Fund, Cl Institutional Shares†		6,533,687		63,115,419
				253,558,927
INTERNATIONAL — 15.3%
Catholic Responsible Investments International Equity Fund, Cl Institutional Shares^†(A)		6,961,725		82,774,913
Catholic Responsible Investments International Small-Cap Fund, Cl Institutional Shares†		1,753,791		20,957,800
				103,732,713
Total Open-End Mutual Funds
(Cost $497,596,479)				679,067,245
Total Investments in Securities— 99.9%
(Cost $497,596,479)			$	679,067,245

Percentages are based on Net Assets of $679,898,008.

†	Investment in Affiliated Security.
(A)	Represents greater than 10% of the Fund's total investments. For further financial information, please go to the Fund's website at https://cbisonline.com/us/legal-financial/.

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

110

CATHOLIC RESPONSIBLE INVESTMENTS MAGNUS 60/40 BETA PLUS FUND

April 30, 2026 (Unaudited)

The following is a summary of the Fund's transactions with affiliates for the period ended April 30, 2026:

Security Description	Value 10/31/2025		Purchases at Cost		Proceeds from Sales			Change in Unrealized Appreciation			Realized Gain (Loss)			Value 4/30/2026		Income		Capital Gains
Catholic Responsible Investments Equity Index Fund, Cl Institutional Shares	$	270,272,383	$	14,494,642	$	(20,734,464	)	$	8,263,089		$	4,212,157		$	276,507,807	$	1,753,470	$	—
Catholic Responsible Investments Small-Cap Fund, Cl Institutional Shares		39,821,437		3,055,429		(3,465,826	)		4,816,829			1,039,928			45,267,797		874,540		—
Catholic Responsible Investments Bond Fund, Cl Institutional Shares		131,226,819		5,943,376		(8,298,484	)		(836,085	)		(1,056,459	)		126,979,167		2,750,529		—
Catholic Responsible Investments Opportunistic Bond Fund, Cl Institutional Shares		64,937,489		3,000,376		(4,149,242	)		(254,961	)		(69,321	)		63,464,341		1,403,952		—
Catholic Responsible Investments Short Duration Bond Fund, Cl Institutional Shares		64,774,228		2,930,694		(4,149,242	)		(316,406	)		(123,856	)		63,115,418		1,334,272		—
Catholic Responsible Investments International Equity Fund, Cl Institutional Shares		79,741,715		5,087,241		(4,337,920	)		2,845,773			(561,895	)		82,774,914		646,200		—
Catholic Responsible Investments International Small-Cap Fund, Cl Institutional Shares		19,449,663		2,223,009		(2,441,843	)		526,929			1,200,043			20,957,801		547,011		—
Totals:	$	670,223,734	$	36,734,767	$	(47,577,021	)	$	15,045,168		$	4,640,597		$	679,067,245	$	9,309,974	$	—

Amounts designated as “–” are $0.

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

111

CATHOLIC RESPONSIBLE INVESTMENTS MAGNUS 75/25 FUND

April 30, 2026 (Unaudited)

SCHEDULE OF INVESTMENTS

OPEN-END MUTUAL FUNDS — 99.6%

	Shares		Value
EQUITY — 58.1%
Catholic Responsible Investments Equity Index Fund, Cl Institutional Shares^†(A)		3,996,575	$	60,747,947
Catholic Responsible Investments Multi-Style US Equity Fund, Cl Institutional Shares^†(A)		2,036,790		26,233,852
Catholic Responsible Investments Small-Cap Fund, Cl Institutional Shares^†		1,233,077		14,180,384
				101,162,183
FIXED INCOME — 22.9%
Catholic Responsible Investments Bond Fund, Cl Institutional Shares^†(A)		2,355,588		19,951,829
Catholic Responsible Investments Opportunistic Bond Fund, Cl Institutional Shares^†		1,070,248		9,964,009
Catholic Responsible Investments Short Duration Bond Fund, Cl Institutional Shares^†		1,025,384		9,905,209
				39,821,047
INTERNATIONAL — 18.6%
Catholic Responsible Investments International Equity Fund, Cl Institutional Shares^†(A)		2,179,535		25,914,676
Catholic Responsible Investments International Small-Cap Fund, Cl Institutional Shares^†		547,604		6,543,869
				32,458,545
Total Open-End Mutual Funds
(Cost $111,771,777)				173,441,775
Total Investments in Securities— 99.6%
(Cost $111,771,777)			$	173,441,775

Percentages are based on Net Assets of $174,191,189.

†	Investment in Affiliated Security.
(A)	Represents greater than 10% of the Fund's total investments. For further financial information, please go to the Fund's website at https://cbisonline.com/us/legal-financial/.

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.

112

CATHOLIC RESPONSIBLE INVESTMENTS MAGNUS 75/25 FUND

April 30, 2026 (Unaudited)

The following is a summary of the Fund's transactions with affiliates for the period ended April 30, 2026:

Security Description	Value 10/31/2025		Purchases at Cost		Proceeds from Sales			Change in Unrealized Appreciation			Realized Gain (Loss)			Value 4/30/2026		Income		Capital Gains
Catholic Responsible Investments Equity Index Fund, Cl Institutional Shares	$	59,718,178	$	2,372,958	$	(3,432,923	)	$	641,127		$	1,448,607		$	60,747,947	$	381,001	$	—
Catholic Responsible Investments Multi-Style US Equity Fund, Cl Institutional Shares		25,856,845		1,587,446		(231,015	)		(108,837	)		(870,587	)		26,233,852		38,776		—
Catholic Responsible Investments Small-Cap Fund, Cl Institutional Shares		12,578,899		775,076		(867,301	)		1,364,883			328,827			14,180,384		268,690		—
Catholic Responsible Investments Bond Fund, Cl Institutional Shares		20,742,591		651,628		(1,135,507	)		(292,261	)		(14,622	)		19,951,829		428,708		—
Catholic Responsible Investments Opportunistic Bond Fund, Cl Institutional Shares		10,254,462		330,082		(567,753	)		(55,209	)		2,427			9,964,009		218,622		—
Catholic Responsible Investments Short Duration Bond Fund, Cl Institutional Shares		10,224,729		319,114		(567,753	)		(69,630	)		(1,251	)		9,905,209		207,654		—
Catholic Responsible Investments International Equity Fund, Cl Institutional Shares		25,180,498		1,236,491		193,386			549,633			(1,245,332	)		25,914,676		200,282		—
Catholic Responsible Investments International Small-Cap Fund, Cl Institutional Shares		6,128,103		598,718		(704,093	)		90,656			430,485			6,543,869		168,401		—
Totals:	$	170,684,305	$	7,871,513	$	(7,312,959	)	$	2,120,362		$	78,554		$	173,441,775	$	1,912,134	$	—

Amounts designated as “–” are $0.

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

113

CATHOLIC RESPONSIBLE INVESTMENTS

APRIL 30, 2026 (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 $81,705,416, $560,270,712, $2,592,462,847 and $745,959,591)	$	81,693,552		$	561,410,067		$	2,531,699,996	*	$	747,507,125	*
Repurchase Agreements, at Value (Cost $14,500,000, $10,200,000, $– and $–)		14,500,000			10,200,000			–			–
Dividend and Interest Receivable		159,777			4,202,631			18,653,290			3,705,898
Cash and Cash Equivalents		61,079			865,942			31,125,961			19,190,281
Receivable for Investment Securities Sold		–			39,604			4,915,680			44,957,418
Receivable for Capital Shares Sold		–			129,547			529,455			3,750
Cash Pledged as Collateral for Futures Contracts		–			–			1,300,784			–
Variation Margin Receivable		–			31,453			201,437			–
Prepaid Expenses		12,286			22,143			38,308			21,797
Total Assets		96,426,694			576,901,387			2,588,464,911			815,386,269
Liabilities:
Payable for Capital Shares Redeemed		60,000			6,226			2,122,396			1,044,779
Payable Due to Adviser		11,848			128,412			632,317			206,616
Legal Fees Payable		9,632			19,264			38,527			28,895
Pricing Fees Payable		9,182			3,604			32,210			11,772
Audit Fees Payable		8,582			8,560			10,019			10,697
Transfer Agent Fees Payable		5,858			4,935			9,159			3,912
Mercer Non-Advisory Fees Payable		3,193			19,082			85,215			24,972
Chief Compliance Officer Fees Payable		1,722			3,445			6,889			5,167
Payable Due to Administrator		1,480			8,906			40,369			12,320
Printing Fees Payable		610			3,604			16,145			4,749
Payable for Investment Securities Purchased		–			1,865,698			16,892,011			57,085,585
Payable Upon Return of Securities Loaned		–			–			9,337,655			676,260
Shareholder Servicing Fees Payable		–			–			68,495			73,616
Other Accrued Expenses		13,857			33,413			18,684			12,124
Total Liabilities		125,964			2,105,149			29,310,091			59,201,464
Commitments and Contingencies †
Net Assets	$	96,300,730		$	574,796,238		$	2,559,154,820		$	756,184,805
Net Assets Consist of:
Paid-in Capital	$	96,356,539		$	594,272,702		$	2,793,002,587		$	788,319,322
Total Accumulated Losses		(55,809	)		(19,476,464	)		(233,847,767	)		(32,134,517	)
Net Assets	$	96,300,730		$	574,796,238		$	2,559,154,820		$	756,184,805
Institutional Shares:
Net Assets	$	96,300,730		$	574,796,238		$	2,435,803,432		$	650,850,546
Outstanding Shares of Beneficial Interest (Unlimited Authorization - No Par Value)		9,628,972			59,492,243			287,598,174			69,911,159
Net Asset Value, Offering and Redemption Price Per Share	$	10.00		$	9.66		$	8.47		$	9.31
Investor Shares:
Net Assets	$	N/A		$	N/A		$	123,351,388		$	105,334,259
Outstanding Shares of Beneficial Interest (Unlimited Authorization - No Par Value)		N/A			N/A			14,567,583			11,315,245
Net Asset Value, Offering and Redemption Price Per Share	$	N/A		$	N/A		$	8.47		$	9.31

* Includes Market Value of Securities on Loan	$	–		$	–		$	9,145,228		$	661,929

†	See Note 5 in the Notes to Financial Statements

Amounts designated as “—” are $0.

N/A – Not applicable.

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

114

CATHOLIC RESPONSIBLE INVESTMENTS

APRIL 30, 2026 (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 $1,828,648,869, $451,025,657, $469,824,740, $1,690,093,337 and $91,869,862)	$	4,775,370,529	*	$	634,659,474	*	$	712,922,437	*	$	2,310,286,132	*	$	113,736,433	*
Foreign Currency, at Value (Cost $–, $–, $–, $1,335,501 and $320,821)		–			–			–			1,286,490			322,744
Receivable for Investment Securities Sold		87,854,393			8,396,635			728,991			17,123,375			776,820
Cash and Cash Equivalents		15,541,880			1,478,024			21,734,589			87,372,256			8,454,569
Receivable for Capital Shares Sold		2,046,780			16,389			9,000			111,033			2,250
Dividend and Interest Receivable		1,932,162			166,693			165,434			5,386,601			545,303
Cash Pledged as Collateral for Futures Contracts		1,699,299			141,266			–			–			373,000
Variation Margin Receivable		166,650			36,000			–			–			165,002
Reclaim Receivable		15,945			–			49,634			3,291,655			244,372
Prepaid Expenses		52,909			14,877			21,972			35,027			11,945
Total Assets		4,884,680,547			644,909,358			735,632,057			2,422,319,589			124,632,438
Liabilities:
Payable for Investment Securities Purchased		88,817,012			8,205,928			806,423			11,637,024			1,097,429
Payable Upon Return of Securities Loaned		1,659,126			3,964,229			4,518,484			45,628,749			971,429
Payable for Capital Shares Redeemed		855,879			333,878			856,995			322,715			1,864
Rating Expense Payable		381,607			51,766			–			–			–
Payable Due to Adviser		164,406			100,345			365,734			1,387,553			99,360
Payable Due to Administrator		70,495			9,465			12,116			35,990			1,866
Mercer Non-Advisory Fees Payable		37,281			4,924			24,899			75,039			4,024
Printing Fees Payable		27,762			3,716			5,031			13,917			701
Legal Fees Payable		9,631			9,632			38,527			28,895			28,895
Transfer Agent Fees Payable		7,915			4,577			7,155			8,717			3,782
Audit Fees Payable		7,280			7,740			8,551			10,110			7,493
Pricing Fees Payable		6,094			2,601			2,672			4,357			2,448
Chief Compliance Officer Fees Payable		1,722			1,722			6,889			5,167			5,167
Shareholder Servicing Fees Payable		–			–			6,208			110,238			–
Unrealized Depreciation on Spot Currency Contracts		–			–			–			6,289			548
Accrued Foreign Capital Gains Tax on Appreciated Securities		–			–			–			906,663			166,042
Other Accrued Expenses		3,624			10,533			19,183			53,251			71,358
Total Liabilities		92,049,834			12,711,056			6,678,867			60,234,674			2,462,406
Commitments and Contingencies †
Net Assets	$	4,792,630,713		$	632,198,302		$	728,953,190		$	2,362,084,915		$	122,170,032
Net Assets Consist of:
Paid-in Capital	$	1,760,647,130		$	430,743,465		$	436,638,525		$	1,695,008,316		$	94,606,404
Total Distributable Earnings		3,031,983,583			201,454,837			292,314,665			667,076,599			27,563,628
Net Assets	$	4,792,630,713		$	632,198,302		$	728,953,190		$	2,362,084,915		$	122,170,032

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

115

CATHOLIC RESPONSIBLE INVESTMENTS

APRIL 30, 2026 (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
Institutional Shares:
Net Assets	$	4,792,630,713	$	632,198,302	$	682,156,593	$	2,186,465,511	$	122,170,032
Outstanding Shares of Beneficial Interest (Unlimited Authorization - No Par Value)		315,310,105		54,993,327		52,980,298		183,853,938		10,225,285
Net Asset Value, Offering and Redemption Price Per Share	$	15.20	$	11.50	$	12.88	$	11.89	$	11.95
Investor Shares:
Net Assets	$	N/A	$	N/A	$	46,796,597	$	175,619,404	$	N/A
Outstanding Shares of Beneficial Interest (Unlimited Authorization - No Par Value)		N/A		N/A		3,634,407		14,760,169		N/A
Net Asset Value, Offering and Redemption Price Per Share	$	N/A	$	N/A	$	12.88	$	11.90	$	N/A

* Includes Market Value of Securities on Loan	$	1,623,193	$	3,860,009	$	4,375,677	$	43,659,768	$	923,208

†	See Note 5 in the Notes to Financial Statements

Amounts designated as “—” are $0.

N/A – Not applicable.

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

116

CATHOLIC RESPONSIBLE INVESTMENTS

APRIL 30, 2026 (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 $152,753,251, $1,258,456,054, $497,596,479 and $111,771,777)	$	182,144,197	$	1,636,046,842	$	679,067,245	$	173,441,775
Cash and Cash Equivalents		660,285		1,165,790		717,747		758,697
Receivable for Investment Securities Sold		12,012		–		15,599		11,929
Due from Adviser		4,443		–		–		4,787
Dividend and Interest Receivable		1,700		2,900		1,850		1,953
Receivable for Capital Shares Sold		–		–		161,144		60,000
Prepaid Expenses		20,493		25,943		21,465		19,868
Total Assets		182,843,130		1,637,241,475		679,985,050		174,299,009
Liabilities:
Legal Fees Payable		9,632		9,632		9,632		9,632
Audit Fees Payable		7,491		7,423		7,467		7,491
Transfer Agent Fees Payable		6,508		7,528		10,215		6,583
Shareholder Servicing Fees Payable		6,470		59,006		24,891		5,323
Mercer Non-Advisory Fees Payable		5,632		52,991		22,135		5,629
Chief Compliance Officer Fees Payable		1,722		1,722		1,722		1,722
Printing Fees Payable		925		10,265		4,077		1,148
Pricing Fees Payable		42		41		41		41
Payable for Investment Securities Purchased		–		–		–		60,000
Other Accrued Expenses		11,060		9,645		6,862		10,251
Total Liabilities		49,482		158,253		87,042		107,820
Commitments and Contingencies †
Net Assets	$	182,793,648	$	1,637,083,222	$	679,898,008	$	174,191,189
Net Assets Consist of:
Paid-in Capital	$	151,719,347	$	1,223,774,573	$	490,280,726	$	107,720,852
Total Distributable Earnings		31,074,301		413,308,649		189,617,282		66,470,337
Net Assets	$	182,793,648	$	1,637,083,222	$	679,898,008	$	174,191,189
Institutional Shares:
Net Assets	$	139,528,168	$	1,200,130,805	$	498,098,278	$	140,363,959
Outstanding Shares of Beneficial Interest (Unlimited Authorization - No Par Value)		12,494,695		102,850,844		41,305,879		14,690,016
Net Asset Value, Offering and Redemption Price Per Share	$	11.17	$	11.67	$	12.06	$	9.56
Investor Shares:
Net Assets	$	43,265,480	$	436,952,417	$	181,799,730	$	33,827,230
Outstanding Shares of Beneficial Interest (Unlimited Authorization - No Par Value)		3,873,847		37,469,090		15,079,506		3,545,601
Net Asset Value, Offering and Redemption Price Per Share	$	11.17	$	11.66	$	12.06	$	9.54

†	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.

117

CATHOLIC RESPONSIBLE INVESTMENTS

FOR THE SIX MONTHS ENDED

APRIL 30, 2026 (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:
Interest Income	$	1,890,710		$	13,061,056		$	59,087,156		$	17,932,666
Income from Securities Lending, Net		–			1,653			44,245			15,876
Total Investment Income		1,890,710			13,062,709			59,131,401			17,948,542

Expenses:
Investment Advisory Fees		118,861			844,077			3,775,138			1,290,632
Administration Fees		9,000			53,258			241,906			73,520
Trustees' Fees		6,215			12,429			24,860			18,645
Chief Compliance Officer Fees		1,442			2,885			5,769			4,326
Shareholder Servicing Fees (Investor Shares)		–			–			89,776			72,287
Transfer Agent Fees		17,354			13,779			27,970			21,917
Pricing Fees		16,788			40,250			115,960			46,548
Registration Fees		11,098			14,726			28,498			19,616
Audit Fees		8,589			8,599			11,094			9,848
Legal Fees		7,944			15,887			31,774			23,831
Mercer Non-Advisory Fees		4,755			28,139			125,850			36,879
Custodian Fees		4,217			7,225			22,699			6,035
Printing Fees		712			4,386			19,737			5,811
Other Expenses		6,231			10,925			27,980			13,502

Total Expenses		213,206			1,056,565			4,549,011			1,643,397
Less:
Waiver of Investment Advisory Fees		(46,804	)		(71,844	)		–			(59,285	)
Net Expenses		166,402			984,721			4,549,011			1,584,112

Net Investment Income		1,724,308			12,077,988			54,582,390			16,364,430

Net Realized Gain (Loss) on:
Investments		(288	)		532,139			(1,785,950	)		(2,181,859	)
Futures Contracts		–			(93,449	)		1,048,166			1,583
Net Realized Gain (Loss)		(288	)		438,690			(737,784	)		(2,180,276	)
Net Change in Unrealized Appreciation (Depreciation) on:
Investments		(45,405	)		(4,494,484	)		(34,663,656	)		(2,279,428	)
Futures Contracts		–			(426,700	)		(2,851,609	)		4,506
Net Change in Unrealized Appreciation (Depreciation)		(45,405	)		(4,921,184	)		(37,515,265	)		(2,274,922	)
Net Realized and Unrealized Loss		(45,693	)		(4,482,494	)		(38,253,049	)		(4,455,198	)
Net Increase in Net Assets Resulting from Operations	$	1,678,615		$	7,595,494		$	16,329,341		$	11,909,232

Amounts designated as “—“ are $0.

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

118

CATHOLIC RESPONSIBLE INVESTMENTS

FOR THE SIX MONTHS ENDED

APRIL 30, 2026 (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	$	25,575,892		$	4,642,040		$	3,391,826		$	18,334,234		$	1,789,273
Interest Income		183,973			61,174			220,195			715,094			134,378
Income from Securities Lending, Net		824			6,560			1,099			93,338			1,220
Less: Foreign Taxes Withheld		(6,072	)		(4,984	)		(25,454	)		(1,615,199	)		(181,386	)
Total Investment Income		25,754,617			4,704,790			3,587,666			17,527,467			1,743,485

Expenses:
Investment Advisory Fees		1,333,315			573,639			2,225,708			8,094,203			561,291
Administration Fees		420,656			54,289			73,939			210,759			11,067
Trustees' Fees		6,215			6,215			24,860			18,645			18,646
Chief Compliance Officer Fees		1,442			1,442			5,769			4,326			4,326
Shareholder Servicing Fees (Investor Shares)		–			–			33,308			125,242			–
Rating Fees		331,071			51,766			–			–			–
Mercer Non-Advisory Fees		55,562			4,924			37,099			75,039			–
Custodian Fees		39,109			21,894			15,427			166,705			36,265
Printing Fees		35,207			4,660			6,013			16,699			946
Registration Fees		29,494			14,105			20,345			26,677			12,519
Transfer Agent Fees		25,173			14,242			20,973			26,841			11,275
Pricing Fees		13,763			4,859			4,843			8,860			4,617
Legal Fees		7,943			7,943			31,774			23,831			23,831
Audit Fees		7,593			7,779			8,603			10,258			7,501
Other Expenses		36,615			46,865			13,083			65,814			23,004

Total Expenses		2,343,158			814,622			2,521,744			8,873,899			715,288
Less:
Waiver of Investment Advisory Fees		(343,141	)		–			–			–			(42,900	)
Net Expenses		2,000,017			814,622			2,521,744			8,873,899			672,388

Net Investment Income		23,754,600			3,890,168			1,065,922			8,653,568			1,071,097

Net Realized Gain (Loss) on:

Investments		140,758,041			34,246,322			53,755,679			78,728,308			6,419,090
Futures Contracts		(263,975	)		339,420			–			–			597,368
Accrued Foreign Capital Gains Tax		–			–			–			(46,148	)		(34,539	)
Foreign Currency Transactions		–			–			–			(447,023	)		8,640
Net Realized Gain (Loss)		140,494,066			34,585,742			53,755,679			78,235,137			6,990,559
Net Change in Unrealized Appreciation (Depreciation) on:
Investments		111,120,325			57,242,599			(10,111,920	)		79,653,269			4,724,251
Futures Contracts		785,422			(14,365	)		–			–			463,623
Accrued Foreign Capital Gains Tax on Appreciated Securities		–			–			–			85,267			(6,068	)
Translation of Other Assets and Liabilities Denominated in Foreign Currencies		–			–			–			205,850			12,059
Net Change in Unrealized Appreciation (Depreciation)		111,905,747			57,228,234			(10,111,920	)		79,944,386			5,193,865
Net Realized and Unrealized Gain		252,399,813			91,813,976			43,643,759			158,179,523			12,184,424
Net Increase in Net Assets Resulting from Operations	$	276,154,413		$	95,704,144		$	44,709,681		$	166,833,091		$	13,255,521

Amounts designated as “—“ are $0.

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

119

CATHOLIC RESPONSIBLE INVESTMENTS

FOR THE SIX MONTHS ENDED

APRIL 30, 2026 (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	$	2,548,421		$	20,317,727	$	9,309,974		$	1,912,134
Interest Income		10,185			17,279		11,383			11,737
Total Investment Income		2,558,606			20,335,006		9,321,357			1,923,871

Expenses:
Shareholder Servicing Fees (Investor Shares)		30,477			313,232		130,079			28,375
Trustees' Fees		6,215			6,215		6,215			6,215
Chief Compliance Officer Fees		1,442			1,442		1,442			1,442
Registration Fees		20,057			26,657		18,081			20,230
Transfer Agent Fees		19,176			23,108		20,515			19,260
Mercer Non-Advisory Fees		8,070			78,094		33,004			8,304
Legal Fees		7,944			7,943		7,943			7,943
Audit Fees		7,502			7,532		7,513			7,503
Printing Fees		1,314			12,175		5,018			1,587
Custodian Fees		9			6		8			9
Other Expenses		5,845			16,108		8,309			6,525

Total Expenses		108,051			492,512		238,127			107,393
Less:
Waiver of Expenses		(44,456	)		–		(5,206	)		(45,766	)
Net Expenses		63,595			492,512		232,921			61,627

Net Investment Income		2,495,011			19,842,494		9,088,436			1,862,244
Net Realized Gain on:
Affiliated Investments		2,061,157			37,359,826		10,016,556			6,025,668
Net Realized Gain		2,061,157			37,359,826		10,016,556			6,025,668
Net Change in Unrealized Appreciation (Depreciation) on:
Affiliated Investments		2,225,628			23,908,509		15,045,168			2,120,362
Net Change in Unrealized Appreciation (Depreciation)		2,225,628			23,908,509		15,045,168			2,120,362
Net Realized and Unrealized Gain		4,286,785			61,268,335		25,061,724			8,146,030
Net Increase in Net Assets Resulting from Operations	$	6,781,796		$	81,110,829	$	34,150,160		$	10,008,274

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

120

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, 2026 (Unaudited)			Year Ended October 31, 2025			Six Months Ended April 30, 2026 (Unaudited)			Year Ended October 31, 2025
Operations:
Net Investment Income	$	1,724,308		$	3,819,060		$	12,077,988		$	22,811,964
Net Realized Gain (Loss)		(288	)		8,557			438,690			(476,568	)
Net Change in Unrealized Appreciation (Depreciation)		(45,405	)		(51,068	)		(4,921,184	)		4,448,388
Net Increase in Net Assets Resulting from Operations		1,678,615			3,776,549			7,595,494			26,783,784
Distributions:
Institutional Shares		(1,849,140	)		(3,921,312	)		(11,923,639	)		(22,543,307	)
Total Distributions		(1,849,140	)		(3,921,312	)		(11,923,639	)		(22,543,307	)
Capital Share Transactions:
Institutional:
Issued		41,208,289			119,150,736			43,566,196			88,325,052
Reinvestment of Dividends and Distributions		1,844,471			3,908,420			11,843,831			22,290,335
Redeemed		(41,930,650	)		(93,745,830	)		(23,353,029	)		(63,924,574	)
Net Institutional Share Transactions		1,122,110			29,313,326			32,056,998			46,690,813
Net Increase in Net Assets from Share Transactions		1,122,110			29,313,326			32,056,998			46,690,813
Total Increase in Net Assets		951,585			29,168,563			27,728,853			50,931,290
Net Assets:
Beginning of Year/Period		95,349,145			66,180,582			547,067,385			496,136,095
End of Year/Period	$	96,300,730		$	95,349,145		$	574,796,238		$	547,067,385
Shares Transactions:
Institutional:
Issued		4,110,274			11,874,457			4,470,045			9,101,283
Reinvestment of Dividends and Distributions		184,363			390,100			1,219,530			2,299,758
Redeemed		(4,183,190	)		(9,339,275	)		(2,397,949	)		(6,584,868	)
Net Institutional Shares Capital Share Transactions		111,447			2,925,282			3,291,626			4,816,173
Net Increase in Shares Outstanding from Share Transactions		111,447			2,925,282			3,291,626			4,816,173

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

121

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, 2026 (Unaudited)			Year Ended October 31, 2025			Six Months Ended April 30, 2026 (Unaudited)			Year Ended October 31, 2025
Operations:
Net Investment Income	$	54,582,390		$	106,010,240		$	16,364,430		$	34,095,111
Net Realized Gain (Loss)		(737,784	)		(13,968,368	)		(2,180,276	)		826,736
Net Change in Unrealized Appreciation (Depreciation)		(37,515,265	)		44,810,935			(2,274,922	)		4,365,710
Net Increase in Net Assets Resulting from Operations		16,329,341			136,852,807			11,909,232			39,287,557
Distributions:
Institutional Shares		(51,811,251	)		(99,733,069	)		(14,210,511	)		(30,103,785	)
Investor Shares		(2,491,760	)		(4,267,756	)		(2,091,100	)		(3,518,639	)
Total Distributions		(54,303,011	)		(104,000,825	)		(16,301,611	)		(33,622,424	)

Capital Share Transactions:
Institutional:
Issued		159,745,606			330,703,733			25,129,636			92,522,442
Reinvestment of Dividends and Distributions		48,603,963			92,074,107			13,976,219			28,798,610
Redeemed		(95,696,579	)		(283,500,633	)		(22,237,905	)		(119,726,202	)
Net Institutional Share Transactions		112,652,990			139,277,207			16,867,950			1,594,850
Investor:
Issued		8,814,876			54,231,896			14,198,356			30,656,056
Reinvestment of Dividends and Distributions		2,337,270			4,009,487			1,986,057			3,323,963
Redeemed		(5,652,961	)		(16,836,216	)		(3,649,996	)		(5,330,148	)
Net Investor Share Transactions		5,499,185			41,405,167			12,534,417			28,649,871
Net Increase in Net Assets from Share Transactions		118,152,175			180,682,374			29,402,367			30,244,721
Total Increase in Net Assets		80,178,505			213,534,356			25,009,988			35,909,854
Net Assets:
Beginning of Year/Period		2,478,976,315			2,265,441,959			731,174,817			695,264,963
End of Year/Period	$	2,559,154,820		$	2,478,976,315		$	756,184,805		$	731,174,817
Shares Transactions:
Institutional:
Issued		18,612,953			39,039,830			2,676,437			9,918,165
Reinvestment of Dividends and Distributions		5,681,584			10,857,184			1,494,821			3,092,424
Redeemed		(11,149,323	)		(33,550,872	)		(2,371,488	)		(12,853,262	)
Net Institutional Shares Capital Share Transactions		13,145,214			16,346,142			1,799,770			157,327
Investor:
Issued		1,026,599			6,421,612			1,514,782			3,277,477
Reinvestment of Dividends and Distributions		273,239			472,733			212,523			356,788
Redeemed		(659,017	)		(1,987,821	)		(390,544	)		(572,092	)
Net Investor Shares Capital Share Transactions		640,821			4,906,524			1,336,761			3,062,173
Net Increase in Shares Outstanding from Share Transactions		13,786,035			21,252,666			3,136,531			3,219,500

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

122

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, 2026 (Unaudited)			Year Ended October 31, 2025			Six Months Ended April 30, 2026 (Unaudited)			Year Ended October 31, 2025
Operations:
Net Investment Income	$	23,754,600		$	45,893,612		$	3,890,168		$	5,337,579
Net Realized Gain		140,494,066			91,564,206			34,585,742			18,788,766
Net Change in Unrealized Appreciation (Depreciation)		111,905,747			699,172,064			57,228,234			8,693,634
Net Increase in Net Assets Resulting from Operations		276,154,413			836,629,882			95,704,144			32,819,979
Distributions:
Institutional Shares		(138,706,436	)		(85,790,058	)		(28,686,958	)		(11,245,633	)
Total Distributions		(138,706,436	)		(85,790,058	)		(28,686,958	)		(11,245,633	)

Capital Share Transactions:
Institutional:
Issued		353,559,157			506,937,581			32,992,011			73,484,961
Reinvestment of Dividends and Distributions		132,709,192			81,061,158			26,343,810			10,305,663
Redeemed		(431,983,342	)		(702,726,159	)		(46,938,273	)		(112,124,483	)
Net Institutional Share Transactions		54,285,007			(114,727,420	)		12,397,548			(28,333,859	)
Net Increase (Decrease) in Net Assets from Share Transactions		54,285,007			(114,727,420	)		12,397,548			(28,333,859	)
Total Increase (Decrease) in Net Assets		191,732,984			636,112,404			79,414,734			(6,759,513	)
Net Assets:
Beginning of Year/Period		4,600,897,729			3,964,785,325			552,783,568			559,543,081
End of Year/Period	$	4,792,630,713		$	4,600,897,729		$	632,198,302		$	552,783,568
Shares Transactions:
Institutional:
Issued		24,472,513			39,042,333			3,115,533			7,986,710
Reinvestment of Dividends and Distributions		9,315,732			6,226,477			2,569,128			1,043,669
Redeemed		(29,894,321	)		(53,397,098	)		(4,439,047	)		(11,489,781	)
Net Institutional Shares Capital Share Transactions		3,893,924			(8,128,288	)		1,245,614			(2,459,402	)
Net Increase (Decrease) in Shares Outstanding from Share Transactions		3,893,924			(8,128,288	)		1,245,614			(2,459,402	)

Amounts designated as “—” are $0.

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

123

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, 2026 (Unaudited)			Year Ended October 31, 2025			Six Months Ended April 30, 2026 (Unaudited)			Year Ended October 31, 2025
Operations:
Net Investment Income	$	1,065,922		$	3,358,708		$	8,653,568		$	22,831,706
Net Realized Gain		53,755,679			37,199,509			78,235,137			72,058,468
Net Change in Unrealized Appreciation (Depreciation)		(10,111,920	)		93,360,874			79,944,386			278,551,488
Net Increase in Net Assets Resulting from Operations		44,709,681			133,919,091			166,833,091			373,441,662
Distributions:
Institutional Shares		(38,185,821	)		(52,592,309	)		(78,675,032	)		(113,341,163	)
Investor Shares		(2,367,687	)		(2,835,403	)		(6,452,160	)		(7,396,388	)
Total Distributions		(40,553,508	)		(55,427,712	)		(85,127,192	)		(120,737,551	)

Capital Share Transactions:
Institutional:
Issued		20,832,034			25,624,881			185,247,964			527,780,406
Reinvestment of Dividends and Distributions		36,977,040			48,227,466			75,784,425			104,741,107
Redeemed		(93,743,661	)		(243,165,364	)		(122,505,299	)		(330,357,687	)
Net Institutional Share Transactions		(35,934,587	)		(169,313,017	)		138,527,090			302,163,826
Investor:
Issued		984,315			2,827,545			6,045,483			68,260,498
Reinvestment of Dividends and Distributions		2,216,532			2,682,387			6,393,632			7,336,058
Redeemed		(2,288,795	)		(10,843,656	)		(7,451,218	)		(25,288,190	)
Net Investor Share Transactions		912,052			(5,333,724	)		4,987,897			50,308,366
Net Increase (Decrease) in Net Assets from Share Transactions		(35,022,535	)		(174,646,741	)		143,514,987			352,472,192
Total Increase (Decrease) in Net Assets		(30,866,362	)		(96,155,362	)		225,220,886			605,176,303
Net Assets:
Beginning of Year/Period		759,819,552			855,974,914			2,136,864,029			1,531,687,726
End of Year/Period	$	728,953,190		$	759,819,552		$	2,362,084,915		$	2,136,864,029
Shares Transactions:
Institutional:
Issued		1,680,190			2,302,701			16,128,055			51,732,174
Reinvestment of Dividends and Distributions		3,062,960			4,284,107			6,789,027			10,900,473
Redeemed		(7,415,845	)		(20,754,833	)		(10,607,416	)		(31,500,931	)
Net Institutional Shares Capital Share Transactions		(2,672,695	)		(14,168,025	)		12,309,666			31,131,716
Investor:
Issued		82,208			241,269			528,432			6,789,365
Reinvestment of Dividends and Distributions		183,671			238,450			571,985			761,641
Redeemed		(190,536	)		(918,739	)		(648,571	)		(2,423,438	)
Net Investor Shares Capital Share Transactions		75,343			(439,020	)		451,846			5,127,568
Net Increase (Decrease) in Shares Outstanding from Share Transactions		(2,597,352	)		(14,607,045	)		12,761,512			36,259,284

Amounts designated as “—” are $0.

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

124

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, 2026 (Unaudited)			Year Ended October 31, 2025			Six Months Ended April 30, 2026 (Unaudited)			Year Ended October 31, 2025
Operations:
Net Investment Income	$	1,071,097		$	2,167,015		$	2,495,011		$	3,926,719
Net Realized Gain		6,990,559			10,564,936			2,061,157			2,700,731
Net Change in Unrealized Appreciation (Depreciation)		5,193,865			9,148,399			2,225,628			8,281,688
Net Increase in Net Assets Resulting from Operations		13,255,521			21,880,350			6,781,796			14,909,138
Distributions:
Institutional Shares		(10,176,004	)		(2,954,118	)		(5,259,032	)		(2,954,275	)
Investor Shares		—			—			(1,871,850	)		(958,935	)
Total Distributions		(10,176,004	)		(2,954,118	)		(7,130,882	)		(3,913,210	)

Capital Share Transactions:
Institutional:
Issued		3,699,396			13,732,476			34,492,107			1,476,343
Reinvestment of Dividends and Distributions		9,767,281			2,811,381			4,792,634			2,954,275
Redeemed		(6,086,671	)		(30,048,677	)		(3,612,669	)		(7,760,952	)
Net Institutional Share Transactions		7,380,006			(13,504,820	)		35,672,072			(3,330,334	)
Investor:
Issued		N/A			N/A			6,617,519			5,111,614
Reinvestment of Dividends and Distributions		N/A			N/A			1,870,984			948,594
Redeemed		N/A			N/A			(1,767,487	)		(7,592,569	)
Net Investor Share Transactions		N/A			N/A			6,721,016			(1,532,361	)
Net Increase (Decrease) in Net Assets from Share Transactions		7,380,006			(13,504,820	)		42,393,088			(4,862,695	)
Total Increase in Net Assets		10,459,523			5,421,412			42,044,002			6,133,233
Net Assets:
Beginning of Year/Period		111,710,509			106,289,097			140,749,646			134,616,413
End of Year/Period	$	122,170,032		$	111,710,509		$	182,793,648		$	140,749,646
Shares Transactions:
Institutional:
Issued		317,183			1,289,899			3,131,545			143,883
Reinvestment of Dividends and Distributions		868,066			265,551			438,326			290,775
Redeemed		(511,171	)		(2,773,519	)		(326,551	)		(729,532	)
Net Institutional Shares Capital Share Transactions		674,078			(1,218,069	)		3,243,320			(294,874	)
Investor:
Issued		N/A			N/A			596,305			463,232
Reinvestment of Dividends and Distributions		N/A			N/A			171,041			93,274
Redeemed		N/A			N/A			(160,968	)		(730,447	)
Net Investor Shares Capital Share Transactions		N/A			N/A			606,378			(173,941	)
Net Increase (Decrease) in Shares Outstanding from Share Transactions		674,078			(1,218,069	)		3,849,698			(468,815	)

Amounts designated as “—” are $0.

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

125

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, 2026 (Unaudited)			Year Ended October 31, 2025			Six Months Ended April 30, 2026 (Unaudited)			Year Ended October 31, 2025
Operations:
Net Investment Income	$	19,842,494		$	34,007,939		$	9,088,436		$	13,618,756
Net Realized Gain		37,359,826			33,061,828			10,016,556			7,649,214
Net Change in Unrealized Appreciation (Depreciation)		23,908,509			118,299,710			15,045,168			59,733,164
Net Increase in Net Assets Resulting from Operations		81,110,829			185,369,477			34,150,160			81,001,134
Distributions:
Institutional Shares		(52,517,788	)		(34,294,145	)		(18,307,496	)		(11,291,383	)
Investor Shares		(18,576,961	)		(12,276,388	)		(6,143,804	)		(3,060,847	)
Total Distributions		(71,094,749	)		(46,570,533	)		(24,451,300	)		(14,352,230	)

Capital Share Transactions:
Institutional:
Issued		53,701,390			27,891,177			11,983,012			87,219,011
Reinvestment of Dividends and Distributions		52,289,991			34,294,146			18,307,495			11,291,383
Redeemed		(32,472,469	)		(65,279,658	)		(32,798,439	)		(24,007,126	)
Net Institutional Share Transactions		73,518,912			(3,094,335	)		(2,507,932	)		74,503,268
Investor:
Issued		12,300,727			23,113,856			8,815,822			87,048,025
Reinvestment of Dividends and Distributions		18,026,982			11,858,454			6,078,767			2,968,988
Redeemed		(10,868,862	)		(36,386,793	)		(13,067,029	)		(29,458,172	)
Net Investor Share Transactions		19,458,847			(1,414,483	)		1,827,560			60,558,841
Net Increase (Decrease) in Net Assets from Share Transactions		92,977,759			(4,508,818	)		(680,372	)		135,062,109
Total Increase in Net Assets		102,993,839			134,290,126			9,018,488			201,711,013
Net Assets:
Beginning of Year/Period		1,534,089,383			1,399,799,257			670,879,520			469,168,507
End of Year/Period	$	1,637,083,222		$	1,534,089,383		$	679,898,008		$	670,879,520
Shares Transactions:
Institutional:
Issued		4,695,999			2,488,640			1,026,536			8,740,145
Reinvestment of Dividends and Distributions		4,620,986			3,294,000			1,569,036			1,061,464
Redeemed		(2,835,119	)		(6,064,151	)		(2,789,007	)		(2,199,559	)
Net Institutional Shares Capital Share Transactions		6,481,866			(281,511	)		(193,435	)		7,602,050
Investor:
Issued		1,069,315			2,147,215			760,417			7,639,852
Reinvestment of Dividends and Distributions		1,593,240			1,138,905			520,838			278,801
Redeemed		(955,582	)		(3,288,364	)		(1,104,843	)		(2,785,117	)
Net Investor Shares Capital Share Transactions		1,706,973			(2,244	)		176,412			5,133,536
Net Increase (Decrease) in Shares Outstanding from Share Transactions		8,188,839			(283,755	)		(17,023	)		12,735,586

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

126

CATHOLIC RESPONSIBLE INVESTMENTS

STATEMENTS OF CHANGES IN NET ASSETS

	Catholic Responsible Investments Magnus 75/25 Fund
	Six Months Ended April 30, 2026 (Unaudited)			Year Ended October 31, 2025
Operations:
Net Investment Income	$	1,862,244		$	4,657,482
Net Realized Gain		6,025,668			40,550,391
Net Change in Unrealized Appreciation (Depreciation)		2,120,362			(19,315,064	)
Net Increase in Net Assets Resulting from Operations		10,008,274			25,892,809
Distributions:
Institutional Shares		(32,598,161	)		(6,347,464	)
Investor Shares		(12,587,363	)		(1,034,420	)
Total Distributions		(45,185,524	)		(7,381,884	)

Capital Share Transactions:
Institutional:
Issued		17,624,760			17,416,876
Reinvestment of Dividends and Distributions		32,593,550			6,347,465
Redeemed		(9,062,764	)		(210,967,952	)
Net Institutional Share Transactions		41,155,546			(187,203,611	)
Investor:
Issued		1,005,734			795,939
Reinvestment of Dividends and Distributions		12,587,363			1,034,420
Redeemed		(16,767,228	)		(1,080,964	)
Net Investor Share Transactions		(3,174,131	)		749,395
Net Increase (Decrease) in Net Assets from Share Transactions		37,981,415			(186,454,216	)
Total Increase (Decrease) in Net Assets		2,804,165			(167,943,291	)
Net Assets:
Beginning of Year/Period		171,387,024			339,330,315
End of Year/Period	$	174,191,189		$	171,387,024
Shares Transactions:
Institutional:
Issued		1,914,474			1,540,966
Reinvestment of Dividends and Distributions		3,508,908			587,776
Redeemed		(862,712	)		(19,442,757	)
Net Institutional Shares Capital Share Transactions		4,560,670			(17,314,015	)
Investor:
Issued		105,162			68,286
Reinvestment of Dividends and Distributions		1,357,606			95,779
Redeemed		(1,779,939	)		(92,922	)
Net Investor Shares Capital Share Transactions		(317,171	)		71,143
Net Increase (Decrease) in Shares Outstanding from Share Transactions		4,243,499			(17,242,872	)

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

127

CATHOLIC RESPONSIBLE INVESTMENTS

FINANCIAL HIGHLIGHTS

Selected Per Share Data & Ratios

For the Six Months Ended April 30, 2026 (Unaudited) and the Fiscal Years or Period Ended October 31,

For A Share Outstanding Throughout the Years or Periods

	Net Asset Value, Beginning of Year or Period		Net Investment Income*		Net Realized and Unrealized Gain (Loss)			Total from Operations			Distributions from Net Investment Income			Distributions from Net Realized Capital Gains			Total Distributions			Redemption Fees**			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
2026@	$	10.02	$	0.18	$	–		$	0.18		$	(0.19	)	$	(0.01	)	$	(0.20	)	$	–		$	10.00		1.77	%	$	96,301		0.35	%		0.45	%		3.63	%		10	%
2025	$	10.04	$	0.43	$	–		$	0.43		$	(0.42	)	$	(0.03	)	$	(0.45	)	$	–		$	10.02		4.34	%	$	95,349		0.35	%		0.47	%		4.28	%		96	%
2024	$	10.03	$	0.52	$	0.02		$	0.54		$	(0.50	)	$	(0.03	)	$	(0.53	)	$	–		$	10.04		5.38	%	$	66,181		0.35	%		0.54	%		5.16	%		118	%
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
2026@	$	9.73	$	0.21	$	(0.08	)	$	0.13		$	(0.20	)	$	–		$	(0.20	)	$	–		$	9.66		1.36	%	$	574,796		0.35	%		0.38	%		4.29	%		30	%
2025	$	9.66	$	0.43	$	0.06		$	0.49		$	(0.42	)	$	–		$	(0.42	)	$	–		$	9.73		5.31	%	$	547,067		0.35	%		0.38	%		4.42	%		50	%
2024	$	9.43	$	0.42	$	0.23		$	0.65		$	(0.42	)	$	–		$	(0.42	)	$	–		$	9.66		6.95	%	$	496,136		0.35	%		0.38	%		4.39	%		50	%
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
2026@	$	8.60	$	0.18	$	(0.13	)	$	0.05		$	(0.18	)	$	–		$	(0.18	)	$	–		$	8.47		0.58	%	$	2,435,803		0.35	%		0.35	%		4.34	%		34	%
2025	$	8.48	$	0.38	$	0.11		$	0.49		$	(0.37	)	$	–		$	(0.37	)	$	–		$	8.60		5.92	%	$	2,359,286		0.35	%		0.35	%		4.50	%		81	%
2024	$	7.94	$	0.37	$	0.53		$	0.90		$	(0.36	)	$	–		$	(0.36	)	$	–	#	$	8.48		11.46	%	$	2,188,958		0.35	%		0.35	%		4.39	%		97	%
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
2026@	$	8.59	$	0.18	$	(0.12	)	$	0.06		$	(0.18	)	$	–		$	(0.18	)	$	–		$	8.47		0.65	%	$	123,351		0.50	%		0.50	%		4.19	%		34	%
2025	$	8.48	$	0.37	$	0.10		$	0.47		$	(0.36	)	$	–		$	(0.36	)	$	–		$	8.59		5.76	%	$	119,690		0.50	%		0.50	%		4.35	%		81	%
2024	$	7.94	$	0.36	$	0.53		$	0.89		$	(0.35	)	$	–		$	(0.35	)	$	–	#	$	8.48		11.30	%	$	76,484		0.50	%		0.50	%		4.24	%		97	%
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	%

*	Per share data calculated using the average shares method.
**	See Note 2 in the Notes to Financial Statements.
†	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.
#	Amount represents less than $0.005 per share.
(1)	Commenced operations on December 6, 2021. All ratios for the period have been annualized.
(a)	Amount is less than $0.005 per share.
@	For the six month period ended April 30, 2026. All ratios for the period have been annualized.

Amounts designated as “—“ are $0.

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

128

CATHOLIC RESPONSIBLE INVESTMENTS

FINANCIAL HIGHLIGHTS

Selected Per Share Data & Ratios

For the Six Months Ended April 30, 2026 (Unaudited) and the Fiscal Years or Period Ended October 31,

For A Share Outstanding Throughout the Years or Periods

	Net Asset Value, Beginning of Year or Period		Net Investment Income*		Net Realized and Unrealized Gain (Loss)			Total from Operations			Distributions from Net Investment Income			Distributions from Net Realized Capital Gains			Total Distributions			Redemption Fees**			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 Opportunistic Bond Fund
Institutional Shares
2026@	$	9.36	$	0.21	$	(0.05	)	$	0.16		$	(0.21	)	$	–		$	(0.21	)	$	–		$	9.31		1.63	%	$	650,851		0.41	%		0.43	%		4.46	%		78	%
2025	$	9.29	$	0.45	$	0.06		$	0.51		$	(0.44	)	$	–		$	(0.44	)	$	–		$	9.36		5.75	%	$	637,747		0.41	%		0.42	%		4.82	%		160	%
2024	$	8.90	$	0.45	$	0.38		$	0.83		$	(0.44	)	$	–		$	(0.44	)	$	–	#	$	9.29		9.42	%	$	631,035		0.41	%		0.43	%		4.83	%		118	%
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
2026@	$	9.36	$	0.20	$	(0.05	)	$	0.15		$	(0.20	)	$	–		$	(0.20	)	$	–		$	9.31		1.55	%	$	105,334		0.56	%		0.58	%		4.32	%		78	%
2025	$	9.29	$	0.44	$	0.06		$	0.50		$	(0.43	)	$	–		$	(0.43	)	$	–		$	9.36		5.58	%	$	93,428		0.56	%		0.57	%		4.67	%		160	%
2024	$	8.90	$	0.43	$	0.39		$	0.82		$	(0.43	)	$	–		$	(0.43	)	$	–	#	$	9.29		9.25	%	$	64,230		0.56	%		0.58	%		4.68	%		118	%
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	%
Catholic Responsible Investments Equity Index Fund
Institutional Shares
2026@	$	14.77	$	0.08	$	0.81		$	0.89		$	(0.08	)	$	(0.38	)	$	(0.46	)	$	–		$	15.20		6.17	%	$	4,792,631		0.09	%		0.11	%		1.07	%		20	%
2025	$	12.41	$	0.15	$	2.48		$	2.63		$	(0.15	)	$	(0.12	)	$	(0.27	)	$	–		$	14.77		21.59	%	$	4,600,898		0.09	%		0.11	%		1.10	%		26	%
2024	$	9.14	$	0.14	$	3.27		$	3.41		$	(0.14	)	$	–		$	(0.14	)	$	–	#	$	12.41		37.46	%	$	3,964,785		0.09	%		0.10	%		1.26	%		24	%
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
2026@	$	10.28	$	0.07	$	1.69		$	1.76		$	(0.09	)	$	(0.45	)	$	(0.54	)	$	–		$	11.50		17.73	%	$	632,198		0.28	%		0.28	%		1.36	%		22	%
2025	$	9.96	$	0.10	$	0.43		$	0.53		$	(0.12	)	$	(0.09	)	$	(0.21	)	$	–		$	10.28		5.45	%	$	552,784		0.28	%		0.28	%		0.98	%		26	%
2024	$	7.79	$	0.14	$	2.16		$	2.30		$	(0.13	)	$	–		$	(0.13	)	$	–	#	$	9.96		29.49	%	$	559,543		0.28	%		0.28	%		1.51	%		28	%
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	%

*	Per share data calculated using the average shares method.
**	See Note 2 in the Notes to Financial Statements.
†	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.
#	Amount represents less than $0.005 per share.
(1)	Commenced operations on December 6, 2021. All ratios for the period have been annualized.
@	For the six month period ended April 30, 2026. All ratios for the period have been annualized.

Amounts designated as “—“ are $0.

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

129

CATHOLIC RESPONSIBLE INVESTMENTS

FINANCIAL HIGHLIGHTS

Selected Per Share Data & Ratios

For the Six Months Ended April 30, 2026 (Unaudited) and the Fiscal Years or Period Ended October 31,

For A Share Outstanding Throughout the Years or Periods

	Net Asset Value, Beginning of Year or Period		Net Investment Income*		Net Realized and Unrealized Gain (Loss)			Total from Operations			Distributions from Net Investment Income			Distributions from Net Realized Capital Gains			Total Distributions			Redemption Fees**			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 Multi-Style US Equity Fund
Institutional Shares
2026@	$	12.83	$	0.02	$	0.71		$	0.73		$	(0.02	)	$	(0.66	)	$	(0.68	)	$	–		$	12.88		6.00	%	$	682,157		0.67	%		0.67	%		0.30	%		21	%
2025	$	11.60	$	0.05	$	1.95		$	2.00		$	(0.06	)	$	(0.71	)	$	(0.77	)	$	–		$	12.83		18.35	%	$	714,148		0.67	%		0.67	%		0.42	%		41	%
2024	$	8.88	$	0.07	$	2.71		$	2.78		$	(0.06	)	$	–		$	(0.06	)	$	–	#	$	11.60		31.33	%	$	809,613		0.65	%		0.65	%		0.62	%		178	%
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
2026@	$	12.83	$	0.01	$	0.71		$	0.72		$	(0.01	)	$	(0.66	)	$	(0.67	)	$	–		$	12.88		5.91	%	$	46,797		0.82	%		0.82	%		0.15	%		21	%
2025	$	11.60	$	0.03	$	1.96		$	1.99		$	(0.05	)	$	(0.71	)	$	(0.76	)	$	–		$	12.83		18.17	%	$	45,672		0.82	%		0.82	%		0.27	%		41	%
2024	$	8.88	$	0.05	$	2.71		$	2.76		$	(0.04	)	$	–		$	(0.04	)	$	–	#	$	11.60		31.14	%	$	46,362		0.80	%		0.80	%		0.48	%		178	%
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
2026@	$	11.50	$	0.05	$	0.80		$	0.85		$	(0.09	)	$	(0.37	)	$	(0.46	)	$	–		$	11.89		7.69	%	$	2,186,466		0.80	%		0.80	%		0.80	%		27	%
2025	$	10.24	$	0.13	$	1.91		$	2.04		$	(0.19	)	$	(0.59	)	$	(0.78	)	$	–		$	11.50		21.58	%	$	1,972,286		0.80	%		0.80	%		1.25	%		46	%
2024	$	8.24	$	0.13	$	2.03		$	2.16		$	(0.16	)	$	–		$	(0.16	)	$	–	#	$	10.24		26.27	%	$	1,437,638		0.80	%		0.80	%		1.34	%		52	%
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
2026@	$	11.50	$	0.04	$	0.81		$	0.85		$	(0.08	)	$	(0.37	)	$	(0.45	)	$	–		$	11.90		7.61	%	$	175,619		0.95	%		0.95	%		0.65	%		27	%
2025	$	10.24	$	0.12	$	1.91		$	2.03		$	(0.18	)	$	(0.59	)	$	(0.77	)	$	–		$	11.50		21.39	%	$	164,578		0.95	%		0.95	%		1.12	%		46	%
2024	$	8.24	$	0.12	$	2.03		$	2.15		$	(0.15	)	$	–		$	(0.15	)	$	–	#	$	10.24		26.14	%	$	94,050		0.95	%		0.95	%		1.19	%		52	%
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
2026@	$	11.70	$	0.11	$	1.18		$	1.29		$	(0.24	)	$	(0.80	)	$	(1.04	)	$	–		$	11.95		11.74	%	$	122,170		1.15	%⁽²⁾		1.22	%⁽²⁾		1.83	%⁽³⁾		33	%
2025	$	9.87	$	0.21	$	1.91		$	2.12		$	(0.29	)	$	–		$	(0.29	)	$	–		$	11.70		21.73	%	$	111,711		1.15	%⁽²⁾		1.30	%⁽²⁾		1.96	%⁽³⁾		59	%
2024	$	8.00	$	0.16	$	1.91		$	2.07		$	(0.20	)	$	–		$	(0.20	)	$	–	#	$	9.87		25.88	%	$	106,289		1.15	%		1.34	%		1.69	%		135	%
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	%

*	Per share data calculated using the average shares method.
**	See Note 2 in the Notes to Financial Statements.
†	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.
#	Amount represents less than $0.005 per share.
(1)	Commenced operations on December 6, 2021. All ratios for the period have been annualized.
(2)	The Fund will also indirectly bear their prorated share of expenses of any underlying funds in which it invests. Such expenses are not included in the calculation of this ratio.
(3)	The net investment income ratio does not reflect the proportionate share of income and expenses of the underlying funds in which the Fund invests.
@	For the six month period ended April 30, 2026. All ratios for the period have been annualized.

Amounts designated as “—“ are $0.

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

130

CATHOLIC RESPONSIBLE INVESTMENTS

FINANCIAL HIGHLIGHTS

Selected Per Share Data & Ratios

For the Six Months Ended April 30, 2026 (Unaudited) and the Fiscal Years or Period Ended October 31,

For A Share Outstanding Throughout the Years or Periods

	Net Asset Value, Beginning of Year or Period		Net Investment Income*		Net Realized and Unrealized Gain (Loss)			Total from Operations			Distributions from Net Investment Income			Distributions from Net Realized Capital Gains			Total Distributions			Redemption Fees**		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
2026@	$	11.25	$	0.17	$	0.27		$	0.44		$	(0.30	)	$	(0.22	)	$	(0.52	)	$	–	$	11.17		4.08	%	$	139,528		0.04	%⁽¹⁾		0.10	%⁽¹⁾		3.13	%⁽²⁾		3	%
2025	$	10.37	$	0.31	$	0.88		$	1.19		$	(0.31	)	$	–		$	(0.31	)	$	–	$	11.25		11.80	%	$	104,041		0.02	%⁽¹⁾		0.11	%⁽¹⁾		2.98	%⁽²⁾		12	%
2024	$	8.87	$	0.29	$	1.46		$	1.75		$	(0.25	)	$	–		$	(0.25	)	$	–	$	10.37		19.91	%	$	98,975		–	%⁽¹⁾		0.11	%⁽¹⁾		2.96	%⁽²⁾		10	%
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	%⁽²⁾		8	%
2022⁽³⁾	$	10.00	$	0.15	$	(1.54	)	$	(1.39	)	$	(0.01	)	$	–		$	(0.01	)	$	–	$	8.60		(13.93	)%	$	42,017		–	%⁽¹⁾		0.20	%⁽¹⁾		1.75	%⁽²⁾		9	%
Investor Shares
2026@	$	11.23	$	0.16	$	0.29		$	0.45		$	(0.29	)	$	(0.22	)	$	(0.51	)	$	–	$	11.17		4.07	%	$	43,265		0.19	%⁽¹⁾		0.25	%⁽¹⁾		2.98	%⁽²⁾		3	%
2025	$	10.36	$	0.30	$	0.87		$	1.17		$	(0.30	)	$	–		$	(0.30	)	$	–	$	11.23		11.64	%	$	36,709		0.17	%⁽¹⁾		0.26	%⁽¹⁾		2.82	%⁽²⁾		12	%
2024	$	8.87	$	0.28	$	1.45		$	1.73		$	(0.24	)	$	–		$	(0.24	)	$	–	$	10.36		19.73	%	$	35,641		0.15	%⁽¹⁾		0.26	%⁽¹⁾		2.81	%⁽²⁾		10	%
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	%⁽²⁾		8	%
2022⁽³⁾	$	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	%⁽²⁾		9	%
Catholic Responsible Investments Magnus 60/40 Alpha Plus Fund
Institutional Shares
2026@	$	11.61	$	0.15	$	0.44		$	0.59		$	(0.27	)	$	(0.26	)	$	(0.53	)	$	–	$	11.67		5.19	%	$	1,200,131		0.02	%⁽¹⁾		0.02	%⁽¹⁾		2.58	%⁽²⁾		3	%
2025	$	10.57	$	0.26	$	1.14		$	1.40		$	(0.26	)	$	(0.10	)	$	(0.36	)	$	–	$	11.61		13.64	%	$	1,119,227		0.02	%⁽¹⁾		0.02	%⁽¹⁾		2.41	%⁽²⁾		11	%
2024	$	8.80	$	0.24	$	1.74		$	1.98		$	(0.21	)	$	–		$	(0.21	)	$	–	$	10.57		22.77	%	$	1,022,035		–	%⁽¹⁾		0.02	%⁽¹⁾		2.36	%⁽²⁾		8	%
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	%⁽²⁾		4	%
2022⁽³⁾	$	10.00	$	0.12	$	(1.68	)	$	(1.56	)	$	(0.01	)	$	–		$	(0.01	)	$	–	$	8.43		(15.63	)%	$	702,135		–	%⁽¹⁾		0.03	%⁽¹⁾		1.75	%⁽²⁾		9	%
Investor Shares
2026@	$	11.60	$	0.14	$	0.43		$	0.57		$	(0.25	)	$	(0.26	)	$	(0.51	)	$	–	$	11.66		5.10	%	$	436,952		0.17	%⁽¹⁾		0.17	%⁽¹⁾		2.43	%⁽²⁾		3	%
2025	$	10.56	$	0.24	$	1.14		$	1.38		$	(0.24	)	$	(0.10	)	$	(0.34	)	$	–	$	11.60		13.47	%	$	414,862		0.17	%⁽¹⁾		0.17	%⁽¹⁾		2.26	%⁽²⁾		11	%
2024	$	8.79	$	0.22	$	1.75		$	1.97		$	(0.20	)	$	–		$	(0.20	)	$	–	$	10.56		22.59	%	$	377,764		0.15	%⁽¹⁾		0.17	%⁽¹⁾		2.21	%⁽²⁾		8	%
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	%⁽²⁾		4	%
2022⁽³⁾	$	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	%⁽²⁾		9	%

*	Per share data calculated using the average shares method.
**	See Note 2 in the Notes to Financial Statements.
†	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 Fund will also indirectly bear their prorated share of expenses of any underlying funds in which is invests. Such expenses are not included in the calculation of this ratio.
(2)	Net investment income ratios do not reflect the proportionate share of income and expenses of the underlying funds in which the fund invests.
(3)	Commenced operations on December 6, 2021. All ratios for the period have been annualized.
@	For the six month period ended April 30, 2026. All ratios for the period have been annualized.

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

131

CATHOLIC RESPONSIBLE INVESTMENTS

FINANCIAL HIGHLIGHTS

Selected Per Share Data & Ratios

For the Six Months Ended April 30, 2026 (Unaudited) and the Fiscal Years or Period Ended October 31,

For A Share Outstanding Throughout the Years or Periods

	Net Asset Value, Beginning of Year or Period		Net Investment Income*		Net Realized and Unrealized Gain (Loss)			Total from Operations			Distributions from Net Investment Income			Distributions from Net Realized Capital Gains			Total Distributions			Redemption Fees**		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 60/40 Beta Plus Fund
Institutional Shares
2026@	$	11.90	$	0.16	$	0.44		$	0.60		$	(0.28	)	$	(0.16	)	$	(0.44	)	$	–	$	12.06		5.21	%	$	498,098		0.03	%⁽¹⁾		0.03	%⁽¹⁾		2.80	%⁽²⁾		6	%
2025	$	10.75	$	0.28	$	1.21		$	1.49		$	(0.28	)	$	(0.06	)	$	(0.34	)	$	–	$	11.90		14.21	%	$	493,699		0.02	%⁽¹⁾		0.04	%⁽¹⁾		2.52	%⁽²⁾		12	%
2024	$	8.88	$	0.26	$	1.85		$	2.11		$	(0.24	)	$	–		$	(0.24	)	$	–	$	10.75		23.92	%	$	364,271		–	%⁽¹⁾		0.03	%⁽¹⁾		2.53	%⁽²⁾		11	%
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	%⁽²⁾		8	%
2022⁽³⁾	$	10.00	$	0.15	$	(1.59	)	$	(1.44	)	$	(0.01	)	$	–		$	(0.01	)	$	–	$	8.55		(14.42	)%	$	274,863		–	%⁽¹⁾		0.06	%⁽¹⁾		1.82	%⁽²⁾		5	%
Investor Shares
2026@	$	11.89	$	0.15	$	0.45		$	0.60		$	(0.27	)	$	(0.16	)	$	(0.43	)	$	–	$	12.06		5.13	%	$	181,800		0.18	%⁽¹⁾		0.18	%⁽¹⁾		2.63	%⁽²⁾		6	%
2025	$	10.74	$	0.27	$	1.20		$	1.47		$	(0.26	)	$	(0.06	)	$	(0.32	)	$	–	$	11.89		14.03	%	$	177,181		0.17	%⁽¹⁾		0.19	%⁽¹⁾		2.44	%⁽²⁾		12	%
2024	$	8.88	$	0.24	$	1.84		$	2.08		$	(0.22	)	$	–		$	(0.22	)	$	–	$	10.74		23.74	%	$	104,898		0.15	%⁽¹⁾		0.18	%⁽¹⁾		2.36	%⁽²⁾		11	%
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	%⁽²⁾		8	%
2022⁽³⁾	$	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	%⁽²⁾		5	%
Catholic Responsible Investments Magnus 75/25 Fund
Institutional Shares
2026@	$	12.25	$	0.11	$	0.48		$	0.59		$	(0.24	)	$	(3.04	)	$	(3.28	)	$	–	$	9.56		6.15	%	$	140,364		0.04	%⁽¹⁾		0.10	%⁽¹⁾		2.24	%⁽²⁾		5	%
2025	$	10.87	$	0.22	$	1.45		$	1.67		$	(0.25	)	$	(0.04	)	$	(0.29	)	$	–	$	12.25		15.79	%	$	124,127		0.02	%⁽¹⁾		0.07	%⁽¹⁾		1.97	%⁽²⁾		18	%
2024	$	8.76	$	0.20	$	2.12		$	2.32		$	(0.19	)	$	(0.02	)	$	(0.21	)	$	–	$	10.87		26.69	%	$	298,182		–	%⁽¹⁾		0.06	%⁽¹⁾		1.99	%⁽²⁾		7	%
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	%⁽²⁾		5	%
2022⁽³⁾	$	10.00	$	0.12	$	(1.71	)	$	(1.59	)	$	(0.01	)	$	–		$	(0.01	)	$	–	$	8.40		(15.94	)%	$	188,299		–	%⁽¹⁾		0.08	%⁽¹⁾		1.40	%⁽²⁾		5	%
Investor Shares
2026@	$	12.23	$	0.11	$	0.47		$	0.58		$	(0.23	)	$	(3.04	)	$	(3.27	)	$	–	$	9.54		6.08	%	$	33,827		0.19	%⁽¹⁾		0.25	%⁽¹⁾		2.27	%⁽²⁾		5	%
2025	$	10.85	$	0.20	$	1.46		$	1.66		$	(0.24	)	$	(0.04	)	$	(0.28	)	$	–	$	12.23		15.59	%	$	47,260		0.17	%⁽¹⁾		0.22	%⁽¹⁾		1.81	%⁽²⁾		18	%
2024	$	8.75	$	0.18	$	2.12		$	2.30		$	(0.18	)	$	(0.02	)	$	(0.20	)	$	–	$	10.85		26.53	%	$	41,148		0.15	%⁽¹⁾		0.21	%⁽¹⁾		1.78	%⁽²⁾		7	%
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	%⁽²⁾		5	%
2022⁽³⁾	$	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	%⁽²⁾		5	%

*	Per share data calculated using the average shares method.
**	See Note 2 in the Notes to Financial Statements.
†	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 Fund will also indirectly bear their prorated share of expenses of any underlying funds in which is invests. Such expenses are not included in the calculation of this ratio.
(2)	Net investment income ratios do not reflect the proportionate share of income and expenses of the underlying funds in which the fund invests.
(3)	Commenced operations on December 6, 2021. All ratios for the period have been annualized.
@	For the six month period ended April 30, 2026. All ratios for the period have been annualized.

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

132

CATHOLIC RESPONSIBLE INVESTMENTS

APRIL 30, 2026 (Unaudited)

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&P 500^® 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.

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 by investing in other Catholic Responsible Investments Funds mutual funds (the “Underlying Funds”).

133

CATHOLIC RESPONSIBLE INVESTMENTS

APRIL 30, 2026 (Unaudited)

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 accounting principles generally accepted in the United States of America (“U.S. GAAP”) and are presented in U.S. dollars which is the functional currency of the Funds. Each Fund is 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. 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 year. Actual results could differ from those estimates and such differences could be material.

Security Valuation — The Funds record their investments at fair valuing using the following methodologies. 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. Securities of investment companies that are not exchange-traded (e.g., open-end mutual funds) are valued using such company’s end-of-business-day net asset value per share. Repurchase agreements are valued using the repurchase price to be paid.

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 Trust's Board of Trustees (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 Fair Value Committee (the “Committee”) meeting be called.

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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 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 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, 2026, 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 year. The Funds did not record any tax provision in the current year. 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, 2026, 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 period, 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 Statements of Operations, if applicable, once the amounts are due. The professional fees related to pursuing these tax reclaims are not subject to the Adviser’s expense limitation agreement.

Foreign Taxes — The Funds may be subject to taxes imposed by countries in which they invest. Such taxes are generally based on either income or gains earned or repatriated. The Funds accrue and apply such taxes to net investment income, net realized gains and net unrealized appreciation as income and/or capital gains are earned. For the period ended April 30, 2026, the Catholic Responsible Investments International Equity Fund and the Catholic Responsible Investments International Small-Cap Fund have accrued foreign tax in the amount of $991,930 and $159,974, respectively, presented on the Statements of Assets and Liabilities.

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 year, 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 Statements 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, 2026, the quarterly average notional value of futures contracts held was as follows (000):

Catholic Responsible Investments Short Duration Bond Fund
Average Quarterly Notional Value Long	$	90,938
Average Quarterly Notional Value Short	$	(30,576	)
Catholic Responsible Investments Bond Fund
Average Quarterly Notional Value Long	$	109,913
Catholic Responsible Investments Equity Index Fund
Average Quarterly Notional Value Long	$	19,072
Catholic Responsible Investments Small-Cap Fund
Average Quarterly Notional Value Long	$	4,575
Catholic Responsible Investments International Small-Cap Fund
Average Quarterly Notional Value Long	$	7,791

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The following tables are the exposure by type of risk on derivatives held throughout the year:

Catholic Responsible Investments Short Duration Bond Fund		Asset		Liability
Statements of Assets and Liabilities Location		Derivatives		Derivatives
Interest Risk
Futures contracts	Unrealized appreciation (depreciation) on futures contracts*	$	423,271	$	(795,209	)

		$	423,271	$	(795,209	)

Catholic Responsible Investments Bond Fund		Asset		Liability
Statements of Assets and Liabilities Location		Derivatives		Derivatives
Interest Risk
Futures contracts	Unrealized appreciation (depreciation) on futures contracts*	$	—	$	(1,625,066	)

		$	—	$	(1,625,066	)

Catholic Responsible Investments Equity Index Fund		Asset		Liability
Statements of Assets and Liabilities Location		Derivatives		Derivatives
Equity Risk
Futures contracts	Unrealized appreciation (depreciation) on futures contracts*	$	788,372	$	—

		$	788,372	$	—

Catholic Responsible Investments Small-Cap Fund		Asset		Liability
Statements of Assets and Liabilities Location		Derivatives		Derivatives
Equity Risk Futures contracts	Unrealized appreciation (depreciation) on futures contracts*	$	102,155	$	—

		$	102,155	$	—

Catholic Responsible Investments International Small-Cap Fund		Asset		Liability
Statements of Assets and Liabilities Location		Derivatives		Derivatives
Currency Risk
Futures contracts	Unrealized appreciation (depreciation) on futures contracts*	$	3,970	$	—

Equity Risk
Futures contracts	Unrealized appreciation (depreciation) on futures contracts*		492,831		—

		$	496,801	$	—

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, 2026, was as follows:

Catholic Responsible Investments Short Duration Bond Fund	Net Realized Gain (Loss)*			Change in Unrealized Appreciation (Depreciation)**
Interest Risk
Futures contracts	$	(93,449	)	$	(426,700	)

	$	(93,449	)	$	(426,700	)

Catholic Responsible Investments Bond Fund	Net Realized Gain (Loss)*		Change in Unrealized Appreciation (Depreciation)**
Interest Risk
Futures contracts	$	1,048,166	$	(2,851,609	)

	$	1,048,166	$	(2,851,609	)

Catholic Responsible Investments Opportunistic Bond Fund	Net Realized Gain (Loss)*		Change in Unrealized Appreciation (Depreciation)**
Interest Risk
Futures contracts	$	1,583	$	4,506

	$	1,583	$	4,506

Catholic Responsible Investments Equity Index Fund	Net Realized Gain (Loss)*			Change in Unrealized Appreciation (Depreciation)**
Equity Risk
Futures contracts	$	(263,975	)	$	785,422

	$	(263,975	)	$	785,422

Catholic Responsible Investments Small-Cap Fund	Net Realized Gain (Loss)*		Change in Unrealized Appreciation (Depreciation)**
Equity Risk
Futures contracts	$	339,420	$	(14,365	)

	$	339,420	$	(14,365	)

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Catholic Responsible Investments International Small-Cap Fund	Net Realized Gain (Loss)*			Change in Unrealized Appreciation (Depreciation)**
Currency Risk
Futures contracts	$	(34,450	)	$	6,216

Equity Risk
Futures contracts		562,918			457,407

	$	597,368		$	463,623

Futures contracts are included in net realized gain (loss) on Futures Contracts.

Futures contracts are included in change in net unrealized appreciation (depreciation) on Futures Contracts.

Cash and Cash Equivalents — 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.

Foreign Currency Translation — The books and records of the Funds are maintained in U.S. dollars. Investment securities and other assets and liabilities denominated in a foreign currency are translated into U.S. dollars on the date of valuation. The Funds do not isolate that portion of realized or unrealized gains and losses resulting from changes in the foreign exchange rate from fluctuations arising from changes in the market prices of the securities. These gains and losses are included in net realized and gains and losses on investments and net change in unrealized appreciation (depreciation) on investments on the Statements of Operations. Net realized and unrealized gains and losses on foreign currency transactions represent net foreign exchange gains or losses from foreign currency exchange contracts, disposition of foreign currencies, currency gains or losses realized between trade and settlement dates on securities transactions and the difference between the amount of the investment income and foreign withholding taxes recorded on the Funds' books and the U.S. dollar equivalent amounts actually received or paid.

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 Ultra Short Bond Fund, Catholic Responsible Investments Short Duration Bond Fund, Catholic Responsible Investments Bond Fund and Catholic Responsible Investments Opportunistic 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 Small-Cap Fund, Catholic Responsible Investments Multi-Style US Equity Fund, Catholic Responsible Investments International Equity 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. 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 distribute their net investment income and make distributions of 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.

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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 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. Income from securities lending is determined by the amount of interest earned on collateral, net of any rebate and securities lending agent fees. The following table discloses the securities on loan as of April 30, 2026:

	Market Value		Cash Collateral for
	Securities on Loan		Securities on Loan
Catholic Responsible Investments Bond Fund		9,145,228		9,337,655
Catholic Responsible Investments Opportunistic Bond Fund		661,929		676,260
Catholic Responsible Investments Equity Index Fund		1,623,193		1,659,126
Catholic Responsible Investments Small-Cap Fund		3,860,009		3,964,229
Catholic Responsible Investments Multi-Style US Equity Fund		4,375,677		4,518,484
Catholic Responsible Investments International Equity Fund		43,659,768		45,628,749
Catholic Responsible Investments International Small Cap Fund		923,208		971,429

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.

Segment Reporting — The Funds adopted FASB Accounting Standards Update 2023-07, Segment Reporting (Topic 280) - Improvements to Reportable Segment Disclosures (“ASU 2023-07”). Adoption of this standard impacted financial statement disclosures only and did not affect each Fund’s financial position or the results of its operations. An operating segment is defined in Topic 280 as a component of a public entity that engages in business activities from which it may recognize revenues and incur expenses, has operating results that are regularly reviewed by the public entity’s chief operating decision maker (“CODM”) to make decisions about resources to be allocated to the segment and assess its performance, and has discrete financial information available. Each Fund’s Principal Executive Officer and Principal Financial Officer act as each Fund’s CODM. Each Fund represents a single operating segment, as the CODM monitors the operating results of each Fund as a whole and each Fund’s long-term strategic asset allocation is predetermined in accordance with each Fund’s single investment objective which is executed by each Fund’s portfolio manager. The financial information in the form of each Fund’s schedule of investments, total returns, expense ratios and changes in net assets (i.e., changes in net assets resulting from operations, subscriptions and redemptions), which are used by the CODM to assess the segment’s performance versus each Fund’s comparative benchmarks and to make resource allocation decisions for each Fund’s single segment, is consistent with that presented within each Fund’s financial statements. Segment assets are reflected on the accompanying Statements of Assets and Liabilities as “Total Assets” and significant segment expenses are listed on the accompanying Statements of Operations.

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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 Catholic Responsible Investments 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.

For the period ended April 30, 2026, the Funds were charged the following for these services:

	Administration
	Fees
Catholic Responsible Investments Ultra Short Bond Fund	$	9,000
Catholic Responsible Investments Short Duration Bond Fund		53,258
Catholic Responsible Investments Bond Fund		241,906
Catholic Responsible Investments Opportunistic Bond Fund		73,520
Catholic Responsible Investments Equity Index Fund		420,656
Catholic Responsible Investments Small-Cap Fund		54,289
Catholic Responsible Investments Multi-Style US Equity Fund		73,939
Catholic Responsible Investments International Equity Fund		210,759
Catholic Responsible Investments International Small-Cap Fund		11,067

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, 2026, these amounts can be found on the Statements of Operations under Shareholder Servicing Fees.

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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.

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 Fund		0.96%
Catholic Responsible Investments Magnus 45/55 Fund		0.00%
Catholic Responsible Investments Magnus 60/40 Alpha Plus Fund		0.00%
Catholic Responsible Investments Magnus 60/40 Beta Plus Fund		0.00%
Catholic Responsible Investments Magnus 75/25 Fund		0.00%

The Magnus Funds do not pay an advisory fee due to the fact their sole investments are in underlying Catholic Responsible Investments 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 U.S. GAAP, 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, 2027 (each, a “contractual expense limit”).

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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 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, 2027.

		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 Fund		1.15%
Catholic Responsible Investments Magnus 45/55 Fund		0.06%*
Catholic Responsible Investments Magnus 60/40 Alpha Plus Fund		0.06%*
Catholic Responsible Investments Magnus 60/40 Beta Plus Fund		0.06%*
Catholic Responsible Investments Magnus 75/25 Fund		0.06%*

*Prior to March 1, 2026, the contractual expense limit for 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 was 0.03%. Prior to March 1, 2025, the contractual expense limit for 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 was 0.00%.

As of April 30, 2026, the Adviser may seek as reimbursement of previously reduced fees for the Funds as follows:

	Expiring		Expiring		Expiring
	2027		2028		2029		Total
Catholic Responsible Investments Ultra Short Bond Fund	$	123,750	$	116,396	$	102,553	$	342,699
Catholic Responsible Investments Short Duration Bond Fund		102,107		146,542		154,044		402,693
Catholic Responsible Investments Opportunistic Bond Fund		99,120		90,059		129,440		318,619
Catholic Responsible Investments Equity Index Fund		547,055		609,498		722,939		1,879,492
Catholic Responsible Investments International Small-Cap Fund		98,650		197,617		142,465		438,732
Catholic Responsible Investments Magnus 45/55 Fund		146,143		139,742		103,672		389,557
Catholic Responsible Investments Magnus 60/40 Alpha Plus Fund		189,350		180,360		—		369,710
Catholic Responsible Investments Magnus 60/40 Beta Plus Fund		165,612		154,578		35,701		355,891
Catholic Responsible Investments Magnus 75/25 Fund		191,629		147,281		102,838		441,748

During the period ended April 30, 2026, the Funds did not recapture any previously waived fees and/or reimbursed expenses.

143

CATHOLIC RESPONSIBLE INVESTMENTS

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The Adviser has entered into a sub-advisory agreement with each of its sub-advisers. Each sub-adviser makes investment decisions for the assets it has been allocated to manage. The Adviser oversees the sub-advisers for compliance with each Fund’s investment objective, policies, strategies and restrictions, and monitors each sub-adviser’s adherence to its investment style. The Board oversees the Adviser and the Sub-advisers, establishes policies that they must follow in their management activities, and oversees the hiring, termination, and replacement of Sub-advisers recommended by the Adviser.

The Adviser has engaged Mercer Investments LLC (“Mercer”) as the primary sub-adviser to each Fund. Mercer provides both sub-advisory and non-advisory services pursuant to a pair of agreements, each dated as of February 25, 2025. Under the sub-advisory agreement, Mercer assists the Adviser with the evaluation and selection of sub-advisers and the determination of portfolio allocations among such sub-advisers. Additionally, the Adviser has engaged the following sub-advisers to manage a portion of the assets of each Fund, as follows:

Fund	Sub-Adviser(s) managing a portion of Fund assets
Catholic Responsible Investments Ultra Short Bond Fund	Wellington Management Company LLP
Catholic Responsible Investments Short Duration Bond Fund	Teachers Advisors, LLC Wellington Management Company LLP
Catholic Responsible Investments Bond Fund	Brandywine Global Investment Management, LLC Loomis, Sayles & Company, L.P. Sun Life Capital Management (U.S.) LLC Teachers Advisors, LLC
Catholic Responsible Investments Opportunistic Bond Fund	Brandywine Global Investment Management, LLC Sun Life Capital Management (U.S.) LLC Teachers Advisors, LLC
Catholic Responsible Investments Equity Index Fund	RhumbLine Advisers
Catholic Responsible Investments Small-Cap Fund	RhumbLine Advisers
Catholic Responsible Investments Multi-Style US Equity Fund	Boston Partners Global Investors, Inc. Mar Vista Investment Partners, LLC T. Rowe Price Associates, Inc. William Blair Investment Management, LLC
Catholic Responsible Investments International Equity Fund	Causeway Capital Management LLC Principal Global Investors, LLC WCM Investment Management, LLC
Catholic Responsible Investments International Small-Cap Fund	Allspring Global Investments, LLC Lazard Asset Management LLC Parametric Portfolio Associates LLC

144

CATHOLIC RESPONSIBLE INVESTMENTS

APRIL 30, 2026 (Unaudited)

6. Investment Transactions:

For the period ended April 30, 2026, the purchases and sales of investment securities other than short-term investments and in-kind transactions, if applicable, were as follows:

	U.S. Government		Other		Total
Catholic Responsible Investments Ultra Short Bond Fund
Purchases	$	949,258	$	464,951	$	1,414,209
Sales		66,877		9,193,243		9,260,120
Catholic Responsible Investments Short Duration Bond Fund
Purchases		56,923,363		116,645,558		173,568,921
Sales		91,786,651		63,402,145		155,188,796
Catholic Responsible Investments Bond Fund
Purchases		461,233,153		459,956,313		921,189,466
Sales		532,957,341		284,581,504		817,538,845
Catholic Responsible Investments Opportunistic Bond Fund
Purchases		345,013,508		115,780,392		460,793,900
Sales		393,719,712		64,010,920		457,730,632
Catholic Responsible Investments Equity Index Fund
Purchases		—		924,294,527		924,294,527
Sales		—		990,748,475		990,748,475
Catholic Responsible Investments Small-Cap Fund
Purchases		—		125,085,419		125,085,419
Sales		—		132,943,031		132,943,031
Catholic Responsible Investments Multi-Style US Equity Fund
Purchases		—		154,562,695		154,562,695
Sales		—		238,335,811		238,335,811
Catholic Responsible Investments International Equity Fund
Purchases		—		592,842,621		592,842,621
Sales		—		574,791,944		574,791,944
Catholic Responsible Investments International Small-Cap Fund
Purchases		—		36,128,144		36,128,144
Sales		—		41,034,126		41,034,126
Catholic Responsible Investments Magnus 45/55 Fund
Purchases		—		44,742,060		44,742,060
Sales		—		4,753,190		4,753,190
Catholic Responsible Investments Magnus 60/40 Alpha Plus Fund
Purchases		—		118,821,530		118,821,530
Sales		—		39,867,618		39,867,618
Catholic Responsible Investments Magnus 60/40 Beta Plus Fund
Purchases		—		36,734,767		36,734,767
Sales		—		41,492,421		41,492,421
Catholic Responsible Investments Magnus 75/25 Fund
Purchases		—		7,871,514		7,871,514
Sales		—		9,084,055		9,084,055

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 GAAP amortization adjustments, reclass for REIT dividends, reclass of distributions, passive foreign investment company gain reclass, GAAP reclass for foreign tax, gains and losses on paydowns of mortgage and asset backed securities for tax purposes 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. During the fiscal year ended October 31, 2025, there were no permanent differences credited or charged to Paid-in Capital and Distributable Earnings.

145

CATHOLIC RESPONSIBLE INVESTMENTS

APRIL 30, 2026 (Unaudited)

The tax character of dividends and distributions declared during the fiscal year ended October 31, 2025 and the year ended October 31, 2024, were as follows:

	Ordinary Income		Long-Term Capital Gain		Return of Capital		Total
Catholic Responsible Investments Ultra Short Bond Fund
2025	$	3,902,838	$	18,474	$	—	$	3,921,312
2024		3,268,453		651		—		3,269,104
Catholic Responsible Investments Short Duration Bond Fund
2025		22,543,307		—		—		22,543,307
2024		20,954,065		—		—		20,954,065
Catholic Responsible Investments Bond Fund
2025		104,000,825		—		—		104,000,825
2024		89,772,527		—		—		89,772,527
Catholic Responsible Investments Opportunistic Bond Fund
2025		33,622,424		—		—		33,622,424
2024		28,728,404		—		—		28,728,404
Catholic Responsible Investments Equity Index Fund
2025		46,941,079		38,848,979		—		85,790,058
2024		46,433,637		—		—		46,433,637
Catholic Responsible Investments Small-Cap Fund
2025		5,958,977		5,286,656		—		11,245,633
2024		7,069,815		—		—		7,069,815
Catholic Responsible Investments Multi-Style US Equity Fund
2025		8,947,279		46,480,433		—		55,427,712
2024		4,407,296		—		—		4,407,296
Catholic Responsible Investments International Equity Fund
2025		33,279,772		87,457,779		—		120,737,551
2024		23,528,070		—		—		23,528,070
Catholic Responsible Investments International Small-Cap Fund
2025		2,954,118		—		—		2,954,118
2024		1,977,492		—		—		1,977,492
Catholic Responsible Investments Magnus 45/55 Fund
2025		3,913,210		—		—		3,913,210
2024		3,240,579		—		—		3,240,579
Catholic Responsible Investments Magnus 60/40 Alpha Plus Fund
2025		34,279,597		12,290,936		—		46,570,533
2024		25,058,053		244,810		—		25,302,863
Catholic Responsible Investments Magnus 60/40 Beta Plus Fund
2025		11,752,826		2,599,404		—		14,352,230
2024		10,623,460		—		—		10,623,460
Catholic Responsible Investments Magnus 75/25 Fund
2025		6,419,522		962,362		—		7,381,884
2024		5,427,018		606,084		—		6,033,102

146

CATHOLIC RESPONSIBLE INVESTMENTS

APRIL 30, 2026 (Unaudited)

As of October 31, 2025, 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	$	72,877	$	8,298	$	—		$	33,541		$	—		$	114,716
Catholic Responsible Investments Short Duration Bond Fund		49,199		—		(19,815,134	)		5,572,559			(954,943	)		(15,148,319	)
Catholic Responsible Investments Bond Fund		546,659		—		(166,721,268	)		(30,017,278	)		317,790			(195,874,097	)
Catholic Responsible Investments Opportunistic Bond Fund		121,871		—		(31,766,243	)		3,902,229			5			(27,742,138	)
Catholic Responsible Investments Equity Index Fund		8,839,463		108,998,485		—			2,776,697,658			—			2,894,535,606
Catholic Responsible Investments Small-Cap Fund		8,462,153		16,703,606		—			109,271,892			—			134,437,651
Catholic Responsible Investments Multi-Style US Equity Fund		—		39,405,729		—			248,752,763			—			288,158,492
Catholic Responsible Investments International Equity Fund		12,647,528		67,510,213		—			505,209,397			3,562			585,370,700
Catholic Responsible Investments International Small-Cap Fund		2,320,757		6,970,037		—			15,193,374			(57	)		24,484,111
Catholic Responsible Investments Magnus 45/55 Fund		3,113,698		2,968,388		—			25,341,301			—			31,423,387
Catholic Responsible Investments Magnus 60/40 Alpha Plus Fund		27,559,194		33,708,760		—			342,024,618			(3	)		403,292,569
Catholic Responsible Investments Magnus 60/40 Beta Plus Fund		13,095,399		6,713,914		—			160,109,109			—			179,918,422
Catholic Responsible Investments Magnus 75/25 Fund		3,505,195		40,618,999		—			57,523,389			4			101,647,587

147

CATHOLIC RESPONSIBLE INVESTMENTS

APRIL 30, 2026 (Unaudited)

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	$	6,863,348	$	12,951,786	$	19,815,134
Catholic Responsible Investments Bond Fund		55,721,041		111,000,227		166,721,268
Catholic Responsible Investments Opportunistic Bond Fund		14,927,032		16,839,211		31,766,243

During the year ended October 31, 2025, the Catholic Responsible Investments Short Duration Bond Fund utilized $1,091,029, the Catholic Responsible Investments Opportunistic Bond Fund utilized $2,096,881, the Catholic Responsible Investments International Small-Cap Equity Fund utilized $2,554,091 and the Catholic Responsible Investments Magnus 45/55 Fund utilized $175,047, 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, 2026, 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	$	96,205,416	$	13,663	$	(25,527	)	$	(11,864	)
Catholic Responsible Investments Short Duration Bond Fund		570,470,712		3,240,905		(2,101,550	)		1,139,355
Catholic Responsible Investments Bond Fund		2,592,462,847		13,716,424		(74,479,275	)		(60,762,851	)
Catholic Responsible Investments Opportunistic Bond Fund		745,959,591		6,012,282		(4,464,748	)		1,547,534
Catholic Responsible Investments Equity Index Fund		1,828,648,869		2,996,817,372		(50,095,712	)		2,946,721,660
Catholic Responsible Investments Small-Cap Fund		451,025,657		219,828,205		(36,194,387	)		183,633,818
Catholic Responsible Investments Multi-Style US Equity Fund		469,824,740		250,522,423		(7,424,726	)		243,097,697
Catholic Responsible Investments International Equity Fund		1,690,093,337		712,319,570		(92,126,775	)		620,192,795
Catholic Responsible Investments International Small-Cap Fund		91,869,862		26,421,031		(4,554,460	)		21,866,571
Catholic Responsible Investments Magnus 45/55 Fund		152,753,251		30,677,584		(1,286,638	)		29,390,946
Catholic Responsible Investments Magnus 60/40 Alpha Plus Fund		1,258,456,054		391,754,191		(14,163,403	)		377,590,788
Catholic Responsible Investments Magnus 60/40 Beta Plus Fund		497,596,479		184,914,824		(3,444,058	)		181,470,766
Catholic Responsible Investments Magnus 75/25 Fund		111,771,777		61,669,998		—			61,669,998

148

CATHOLIC RESPONSIBLE INVESTMENTS

APRIL 30, 2026 (Unaudited)

8. Concentration of Shareholders:

At April 30, 2026, the percentage of total shares outstanding over 5% held by each Class, 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, Institutional Class	2	18
Catholic Responsible Investments Short Duration Bond Fund, Institutional Class	4	50
Catholic Responsible Investments Bond Fund, Institutional Class	3	28
Catholic Responsible Investments Bond Fund, Investor Class	2	56
Catholic Responsible Investments Opportunistic Bond Fund, Institutional Class	4	54
Catholic Responsible Investments Opportunistic Bond Fund, Investor Class	1	71
Catholic Responsible Investments Equity Index Fund, Institutional Class	4	30
Catholic Responsible Investments Small-Cap Fund, Institutional Class	3	34
Catholic Responsible Investments Multi-Style US Equity Fund, Institutional Class	1	59
Catholic Responsible Investments Multi-Style US Equity Fund, Investor Class	5	34
Catholic Responsible Investments International Equity Fund, Institutional Class	3	34
Catholic Responsible Investments International Equity Fund, Investor Class	1	68
Catholic Responsible Investments International Small-Cap Fund, Institutional Class	4	76
Catholic Responsible Investments Magnus 45/55 Fund, Institutional Class	4	65
Catholic Responsible Investments Magnus 45/55 Fund, Investor Class	7	60
Catholic Responsible Investments Magnus 60/40 Alpha Plus Fund, Institutional Class	5	37
Catholic Responsible Investments Magnus 60/40 Alpha Plus Fund, Investor Class	N/A	N/A
Catholic Responsible Investments Magnus 60/40 Beta Plus Fund, Institutional Class	6	42
Catholic Responsible Investments Magnus 60/40 Beta Plus Fund, Investor Class	2	25
Catholic Responsible Investments Magnus 75/25 Fund, Institutional Class	8	84
Catholic Responsible Investments Magnus 75/25 Fund, Investor Class	5	78

9. Indemnifications:

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.

10. Concentration of Risks:

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.

Active Management Risk (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 Multi-Style US Equity Fund, Catholic Responsible Investments International Equity Fund and Catholic Responsible Investments International Small-Cap Fund) — Each Fund is subject to the risk that the Adviser’s or the sub-advisers’ judgments, as applicable, about the attractiveness, value, or potential appreciation of the Fund’s investments may prove to be incorrect. If the investments selected and strategies employed by a Fund fail to produce the intended results, an investment in the Fund could decline in value or the Fund could underperform in comparison to its benchmark index or other funds with similar objectives and investment strategies.

Adjustable Rate Mortgages Risk (Catholic Responsible Investments Short Duration Bond Fund, Catholic Responsible Investments Bond Fund and Catholic Responsible Investments Opportunistic Bond Fund) — Adjustable Rate Mortgages (“ARMs”) contain maximum and minimum rates beyond which the mortgage interest rate may not vary over the lifetime of the security. In addition, many ARMs provide for additional limitations on the maximum amount by which the mortgage interest rate may adjust for any single adjustment period. Alternatively, certain ARMs contain limitations on changes in the required monthly payment. In the event that a monthly payment is not sufficient to pay the interest accruing on an ARM, any excess interest is added to the principal balance of the mortgage loan, which is repaid through future monthly payments. If the monthly payment for such an instrument exceeds the sum of the interest accrued at the applicable mortgage interest rate and the principal payment required at such point to amortize the outstanding principal balance over the remaining term of the loan, the excess is used to reduce the then-outstanding principal balance of the ARM.

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CATHOLIC RESPONSIBLE INVESTMENTS

APRIL 30, 2026 (Unaudited)

In addition, certain ARMs may provide for an initial fixed, below-market or teaser interest rate. During this initial fixed-rate period, the payment due from the related mortgagor may be less than that of a traditional loan. However, after the teaser rate expires, the monthly payment required to be made by the mortgagor may increase dramatically when the interest rate on the mortgage loan adjusts. This increased burden on the mortgagor may increase the risk of delinquency or default on the mortgage loan and in turn, losses on the mortgage-backed securities into which that loan has been bundled.

Affiliated Fund Risk (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) — In managing each Fund, the Adviser will have authority to select and substitute Underlying Funds. The Adviser may be subject to potential conflicts of interest in selecting Underlying Funds because the fees paid to the Adviser by some Underlying Funds are higher than the fees paid by other underlying funds. However, the Adviser is a fiduciary to the Funds and is legally obligated to act in the Funds’ best interests when selecting Underlying Funds. If an Underlying Fund holds interests in an affiliated fund, a Fund may be prohibited from purchasing shares of that Underlying Fund.

Asset Allocation Risk (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 Fund is subject to asset allocation risk, which is the risk that the selection of the Underlying Funds and the allocation of the Fund’s assets among the various asset classes and market segments will cause the Fund to underperform other funds with a similar investment objective. The value of an investment in a Fund is based primarily on the prices of the Underlying Funds in which the Fund invests. In turn, the price of each Underlying Fund is based on the value of its assets. The ability of a Fund to meet its investment objective is directly related to its asset allocation among the Underlying Funds and its direct investments and the ability of the Underlying Funds to meet their investment objectives and for the direct investments to perform positively. If the Adviser’s asset allocation strategy does not work as intended, a Fund may not achieve its objective.

Asset-Backed Securities Risk (Catholic Responsible Investments Ultra Short Bond Fund, Catholic Responsible Investments Short Duration Bond Fund, Catholic Responsible Investments Bond Fund and Catholic Responsible Investments Opportunistic Bond Fund) — Asset-backed securities are securities backed by non-mortgage assets such as company receivables, truck and auto loans, leases and credit card receivables. Asset-backed securities may be issued as pass-through certificates, which represent undivided fractional ownership interests in the underlying pools of assets. Asset-backed securities may also be debt instruments, which are also known as collateralized obligations and are generally issued as the debt of a special purpose entity, such as a trust, organized solely for the purpose of owning such assets and issuing debt obligations. Repayment depends largely on the cash flows generated by the assets backing the securities. Asset-backed securities entail prepayment risk, which may vary depending on the type of asset, but is generally less than the prepayment risk associated with mortgage-backed securities, which is discussed below. Asset-backed securities present credit risks that are not presented by mortgage-backed securities. This is because asset-backed securities generally do not have the benefit of a security interest in collateral that is comparable in quality to mortgage assets. If the issuer of an asset-backed security defaults on its payment obligations, there is the possibility that, in some cases, a Fund will be unable to possess and sell the underlying collateral and that the Fund’s recoveries on repossessed collateral may not be available to support payments on the security. In the event of a default, a Fund may suffer a loss if it cannot sell collateral quickly and receive the amount it is owed.

Bank Loans Risk (Catholic Responsible Investments Short Duration Bond Fund, Catholic Responsible Investments Bond Fund and Catholic Responsible Investments Opportunistic Bond Fund) — Each Fund may purchase assignments of portions of bank loans from third parties or by investing in participations in bank loans. With respect to loans purchased by assignment, each Fund generally has a contractual relationship with the borrower and, therefore, direct rights against the borrower in the event of a default. With respect to participations, each Fund typically has a contractual right with the lender, generally a bank selling the participation, and, therefore, assumes the credit risk of the lender in addition to the credit risk of the borrower. In the event of an insolvency of the lender selling the participation, each Fund may be treated as a general creditor of the lender but may not have a senior claim to the lender’s loan to the borrower. Certain bank loans, including certain participations in bank loans, may be illiquid and each Fund may not be able to sell such loans quickly for a fair price. While a liquid secondary market for bank loans has increased over the years, particularly with respect to loans held directly, the secondary market for such instruments is not as liquid as for other types of investments. Loans continue to trade in an unregulated inter-dealer or inter-bank secondary market. Purchases and sales of bank loans are generally subject to the contractual restrictions that must be satisfied before a loan can be bought or sold. These restrictions may impede each Fund’s ability to buy or sell bank loans, may negatively impact the transaction price, may result in delayed settlement of bank loan transactions, and/or may delay each Fund’s ability to make timely redemptions of Fund shares. In addition, the lack of a highly liquid secondary market may have an adverse impact on the value of such investments and on each Fund’s ability to dispose of such investments quickly, particularly in response to a specific economic event or the sudden deterioration in the creditworthiness of the borrower. Additionally, in the event of an insolvency, a court could subordinate a bank loan to presently existing or future indebtedness of the borrower to take other action detrimental to the lenders.

150

CATHOLIC RESPONSIBLE INVESTMENTS

APRIL 30, 2026 (Unaudited)

Capital Gain Risk (Catholic Responsible Investments Equity Index Fund and Catholic Responsible Investments Small-Cap Fund) — A substantial portion of each Fund’s net asset value is attributable to net unrealized capital gains on portfolio securities. If a Fund realizes capital gains in excess of realized capital losses in any fiscal year, it makes capital gain distributions to shareholders. You may receive distributions that are attributable to appreciation of portfolio securities that happened before you made your investment. Unless you purchase shares through a tax-advantaged account (such as an IRA or 401(k) plan), these distributions will be taxable to you even though they economically represent a return of a portion of your investment. You should consult your tax adviser about your investment in the Funds.

Catholic Values Investing Risk (All Funds) — Each Fund considers the Adviser’s Catholic Responsible Investment criteria in its investment process and may choose not to purchase, or may sell, including at inopportune times which would result in losses to the Fund, otherwise profitable investments in companies which have been identified as being in conflict with the Adviser’s Catholic Responsible Investment criteria. This means that a Fund may underperform other similar mutual funds that do not consider these criteria when making investment decisions. In addition, there can be no guarantee that the activities of the companies identified by each Fund’s investment process will align (or be perceived to align) with the principles contained in the Adviser’s Catholic Responsible Investment criteria.

Collateralized Loan Obligations Risk (Catholic Responsible Investments Ultra Short Bond Fund, Catholic Responsible Investments Short Duration Bond Fund, Catholic Responsible Investments Bond Fund and Catholic Responsible Investments Opportunistic Bond Fund) — Collateralized loan obligations are investment vehicles typically collateralized by a pool of loans, which may include, among others, senior secured loans, senior unsecured loans, and subordinate corporate loans, including loans that may be rated below investment grade or equivalent unrated loans. Collateralized loan obligations are subject to the risks of substantial losses due to actual defaults by borrowers of the loans underlying the collateralized loan obligations, which will be greater during periods of economic or financial stress. Collateralized loan obligations may also lose value due to collateral defaults and disappearance of subordinate tranches, market anticipation of defaults, and investor aversion to collateralized loan obligation securities as a class. The Funds may invest in collateralized loan obligations that hold loans of non-creditworthy borrowers or in subordinate tranches of a collateralized loan obligation, which may absorb losses from underlying borrower defaults before senior tranches. Investments in such collateralized loan obligations present a greater risk of loss. In addition, collateralized loan obligations are subject to interest rate risk and credit risk.

Legislation such as the Dodd-Frank Wall Street Reform and Consumer Protection Act (the “Dodd-Frank Act”), which was signed into law on July 21, 2010, together with uncertainty about the nature and timing of regulations that will be promulgated to implement such legislation, may continue to create uncertainty in the credit and other financial markets. Given that all applicable final implementing rules and regulations have not yet been published or are not yet in effect, the potential impact of these actions on collateralized loan obligations that may be owned by the Funds is unknown. If existing transactions are not exempted from the new rules or regulations, compliance with those rules and regulations could impose significant costs on the issuers of collateralized loan obligations and ultimately adversely impact the holders (including the Funds) of those types of securities.

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Commercial Paper Risk (Catholic Responsible Investments Ultra Short Bond Fund) — Commercial paper is a short-term obligation with a maturity generally ranging from one to 270 days and is issued by U.S. or foreign companies or other entities in order to finance their current operations. Such investments are unsecured and usually discounted from their value at maturity. The value of commercial paper may be affected by changes in the credit rating or financial condition of the issuing entities and will tend to fall when interest rates rise and rise when interest rates fall. Asset-backed commercial paper may be issued by structured investment vehicles or other conduits that are organized to issue the commercial paper and to purchase trade receivables or other financial assets. The repayment of asset-backed commercial paper depends primarily on the cash collections received from such an issuer's underlying asset portfolio and the issuer's ability to issue new asset-backed commercial paper.

Corporate Fixed Income Securities Risk (Catholic Responsible Investments Ultra Short Bond Fund, Catholic Responsible Investments Short Duration Bond Fund, Catholic Responsible Investments Bond Fund and Catholic Responsible Investments Opportunistic Bond Fund) — The Funds may invest in corporate fixed income securities. Corporate fixed income securities are fixed income securities issued by public and private businesses. Corporate fixed income securities respond to economic developments, especially changes in interest rates, as well as perceptions of the creditworthiness and business prospects of individual issuers. Corporate fixed income securities are subject to the risk that the issuer may not be able to pay interest or, ultimately, to repay principal upon maturity. Interruptions or delays of these payments could adversely affect the market value of the security. In addition, due to lack of uniformly available information about issuers or differences in the issuers' sensitivity to changing economic conditions, it may be difficult to measure the credit risk of corporate securities.

Credit Risk (Catholic Responsible Investments Ultra Short Bond Fund, Catholic Responsible Investments Short Duration Bond Fund, Catholic Responsible Investments Bond Fund and Catholic Responsible Investments Opportunistic Bond Fund) — Credit risk is the risk that a decline in the credit quality of an investment could cause a Fund to lose money. A Fund could lose money if the issuer or guarantor of a portfolio security or a counterparty to a derivative contract fails to make timely payment or otherwise honor its obligations. Fixed income securities rated below investment grade (junk bonds) (described elsewhere in this section) involve greater risks of default or downgrade and are generally more volatile than investment grade securities. Discontinuation of these payments could substantially adversely affect the market value of the security.

Credit Spread Risk (Catholic Responsible Investments Short Duration Bond Fund, Catholic Responsible Investments Bond Fund and Catholic Responsible Investments Opportunistic Bond Fund) – Credit spread is the difference in yield between securities that results from differences in each security’s respective credit quality. Credit spreads may increase when market participants believe that bonds generally have a greater risk of default, which could result in a decline in the market values of a Fund’s debt securities.

Derivatives Risk (Catholic Responsible Investments Short Duration Bond Fund, Catholic Responsible Investments Bond Fund, Catholic Responsible Investments Opportunistic Bond Fund, Catholic Responsible Investments Multi-Style US Equity Fund, Catholic Responsible Investments International Equity Fund and Catholic Responsible Investments International Small-Cap Fund) – Derivatives are instruments that derive their value from an underlying security, financial asset or an index. Examples of derivative instruments include futures contracts, forward contracts, options and swaps. Changes in the market value of a security that is a reference asset for a derivative instrument may not be proportionate to changes in the market value of the derivative instrument itself. There may not be a liquid market for a Fund to sell a derivative instrument, which could result in difficulty in closing the position. Moreover, certain derivative instruments can magnify the extent of losses incurred due to changes in the market value of the securities to which they relate. Some derivative instruments are subject to counterparty risk. A default by the counterparty on its payments to a Fund will cause the value of your investment in the Fund to decrease. A Fund’s use of derivatives is also subject to credit risk, leverage risk, lack of availability risk, valuation risk, correlation risk and tax risk. Credit risk is described elsewhere in this section. Leverage risk is the risk that a small percentage of assets invested in derivatives can have a disproportionately larger impact on a Fund’s performance. A Fund’s counterparties to its derivative contracts present the same types of credit risk as issuers of fixed income securities. Lack of availability risk is the risk that suitable derivative transactions, such as roll-forward contracts, may not be available in all circumstances for risk management or other purposes. Valuation risk is the risk that a particular derivative may be valued incorrectly. Correlation risk is the risk that changes in the value of the derivative may not correlate perfectly with the underlying asset, rate or index. Tax risk is the risk that the use of derivatives may cause a Fund to realize higher amounts of short-term capital gains, thereby increasing the amount of taxes payable by some shareholders. These risks could cause a Fund to lose more than the principal amount invested. Some derivatives have the potential for unlimited loss, regardless of the size of a Fund’s initial investment. Derivatives are also subject to a number of other risks described elsewhere in the Funds’ prospectus.

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Derivatives transactions conducted outside of the U.S. may not be conducted in the same manner as those entered into on U.S. exchanges, and may be subject to different margin, exercise, settlement or expiration procedures. Derivatives transactions conducted outside the U.S. also are subject to the risks affecting foreign securities, currencies and other instruments, in addition to other risks.

Both U.S. and non-U.S. regulators have adopted and implemented regulations governing derivatives markets, including Rule 18f-4 under the Investment Company Act of 1940, as amended (the “1940 Act”). The ultimate impact of the regulations remains unclear. Additional regulation of derivatives may make derivatives more costly, limit their availability or utility, limit or restrict their use by a Fund, otherwise adversely affect their performance or disrupt markets. Additionally, regulation relating to the Funds’ use of derivatives and related instruments, including Rule 18f-4, could potentially limit or impact the Funds’ ability to invest in derivatives, limit the Funds’ ability to employ certain strategies that use derivatives and/or adversely affect the value of derivatives and the Funds’ performance.

Forward Contracts – A forward contract, also called a “forward,” involves a negotiated obligation to purchase or sell a specific security or currency at a future date (with or without delivery required), which may be any fixed number of days from the date of the contract agreed upon by the parties, at a price set at the time of the contract. Forward contracts are not traded on exchanges; rather, a bank or dealer will act as agent or as principal in order to make or take future delivery of a specified lot of a particular security or currency for a Fund’s account. Risks associated with forwards may include: (i) an imperfect correlation between the movement in prices of forward contracts and the securities or currencies underlying them; (ii) an illiquid market for forwards; (iii) difficulty in obtaining an accurate value for the forwards; and (iv) the risk that the counterparty to the forward contract will default or otherwise fail to honor its obligation. Because forwards require only a small initial investment in the form of a deposit or margin, they involve a high degree of leverage.

Futures Contracts – Futures contracts, or “futures,” provide for the future sale by one party and purchase by another party of a specified amount of a specific security or asset at a specified future time and at a specified price (with or without delivery required). The risks of futures include: (i) leverage risk; (ii) correlation or tracking risk; and (iii) liquidity risk. Because futures require only a small initial investment in the form of a deposit or margin, they involve a high degree of leverage. Accordingly, the fluctuation of the value of futures in relation to the underlying assets upon which they are based is magnified. Thus, a Fund may experience losses that exceed losses experienced by funds that do not use futures contracts and which may be unlimited, depending on the structure of the contract. There may be imperfect correlation, or even no correlation, between price movements of a futures contract and price movements of investments for which futures are used as a substitute, or which futures are intended to hedge.

Lack of correlation (or tracking) may be due to factors unrelated to the value of the investments being substituted or hedged, such as speculative or other pressures on the markets in which these instruments are traded. Consequently, the effectiveness of futures as a security substitute or as a hedging vehicle will depend, in part, on the degree of correlation between price movements in the futures and price movements in underlying securities or assets. While futures contracts are generally liquid instruments, under certain market conditions they may become illiquid. Futures exchanges may impose daily or intra-day price change limits and/or limit the volume of trading.

Additionally, government regulation may further reduce liquidity through similar trading restrictions. As a result, a Fund may be unable to close out its futures contracts at a time that is advantageous. If movements in the markets for security futures contracts or the underlying security decrease the value of a Fund’s positions in security futures contracts, the Fund may be required to have or make additional funds available to its brokerage firm as margin. If a Fund’s account is under the minimum margin requirements set by the exchange or the brokerage firm, its position may be liquidated at a loss, and the Fund will be liable for the deficit, if any, in its account. A Fund may also experience losses due to systems failures or inadequate system back-up or procedures at the brokerage firm(s) carrying the Fund’s positions. The successful use of futures depends upon a variety of factors, particularly the ability of the Adviser to predict movements of the underlying securities markets, which requires different skills than predicting changes in the prices of individual securities. There can be no assurance that any particular futures strategy adopted will succeed.

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Options – An option is a contract between two parties for the purchase and sale of a financial instrument for a specified price at any time during the option period. Unlike a futures contract, an option grants the purchaser, in exchange for a premium payment, a right (not an obligation) to buy or sell a financial instrument. An option on a futures contract gives the purchaser the right, in exchange for a premium, to assume a position in a futures contract at a specified exercise price during the term of the option. The seller of an uncovered call (buy) option assumes the risk of a theoretically unlimited increase in the market price of the underlying security above the exercise price of the option. The securities necessary to satisfy the exercise of the call option may be unavailable for purchase except at much higher prices. Purchasing securities to satisfy the exercise of the call option can itself cause the price of the securities to rise further, sometimes by a significant amount, thereby exacerbating the loss. The buyer of a call option assumes the risk of losing an entire premium in the call option without ever getting the opportunity to exercise the option. The seller (writer) of a put (sell) option that is covered (e.g., the writer has a short position in the underlying security) assumes the risk of an increase in the market price of the underlying security above the sales price (in establishing the short position) of the underlying security plus the premium received and gives up the opportunity for gain on the underlying security below the exercise price of the option. The seller of an uncovered put option assumes the risk of a decline in the market price of the underlying security below the exercise price of the option. The buyer of a put option assumes the risk of losing an entire premium in the put option without ever getting the opportunity to exercise the option. An option’s time value (i.e., the component of the option’s value that exceeds the in-the-money amount) tends to diminish over time. Even though an option may be in-the-money to the buyer at various times prior to its expiration date, the buyer’s ability to realize the value of an option depends on when and how the option may be exercised. For example, the terms of a transaction may provide for the option to be exercised automatically if it is in-the-money on the expiration date. Conversely, the terms may require timely delivery of a notice of exercise, and exercise may be subject to other conditions (such as the occurrence or non-occurrence of certain events, such as knock-in, knock-out or other barrier events) and timing requirements, including the “style” of the option.

Swap Agreements – Swaps are agreements whereby two parties agree to exchange payment streams calculated by reference to an underlying asset, such as a rate, index, currency, instrument or securities. Swaps typically involve credit risk, market risk, liquidity risk, funding risk, operational risk, legal and documentation risk, regulatory risk and/or tax risk. Interest rate swaps involve one party, in return for a premium, agreeing to make payments to another party to the extent that interest rates exceed or fall below a specified rate (a “cap” or “floor,” respectively). Swap agreements involve the risk that the party with whom a Fund has entered into the swap will default on its obligation to pay the Fund and the risk that the Fund will not be able to meet its obligations to the other party to the agreement. Certain derivatives, including swaps, may be subject to fees and expenses, and by investing in such derivatives indirectly through a Fund, a shareholder will bear the expenses of such derivatives in addition to expenses of the Fund.

Total return swaps are contracts that obligate a party to pay interest in exchange for payment by the other party of the total return generated by a security, a basket of securities, an index or an index component. Total return swaps give a Fund the right to receive the appreciation in the value of a specified security, index or other instrument in return for a fee paid to the counterparty, which will typically be an agreed upon interest rate. If the underlying asset in a total return swap declines in value over the term of the swap, a Fund may also be required to pay the dollar value of that decline to the counterparty.

A credit default swap enables a Fund to buy or sell protection against a defined credit event of an issuer or a basket of securities. The buyer of a credit default swap is generally obligated to pay the seller a periodic stream of payments over the term of the contract in return for a contingent payment upon the occurrence of a credit event with respect to an underlying reference obligation. If a Fund is a seller of protection and a credit event occurs (as defined under the terms of that particular swap agreement), the Fund will generally either: (i) pay to the buyer an amount equal to the notional amount of the swap and take delivery of the referenced obligation, other deliverable obligations, or underlying securities comprising a referenced index or (ii) pay a net settlement amount in the form of cash or securities equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising a referenced index. If a Fund is a buyer of protection and a credit event occurs (as defined under the terms of that particular swap agreement), the Fund will either: (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation, other deliverable obligations or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash or securities equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. Recovery values are calculated by market makers considering either industry standard recovery rates or entity specific factors and other considerations until a credit event occurs. If a credit event has occurred, the recovery value is generally determined by a facilitated auction whereby a minimum number of allowable broker bids, together with a specified valuation method, are used to calculate the settlement value.

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Credit default swaps involve special risks in addition to those mentioned above because they are difficult to value, are highly susceptible to liquidity and credit risk, and generally pay a return to the party that has paid the premium only in the event of an actual default by the issuer of the underlying obligation (as opposed to a credit downgrade or other indication of financial difficulty). Like a long or short position in a physical security, credit default swaps are subject to the same factors that cause changes in the market value of the underlying asset.

The Dodd-Frank Act created a new statutory framework that comprehensively regulated the OTC derivatives markets for the first time. Key Dodd-Frank Act provisions relating to OTC derivatives require rulemaking by the U.S. Securities and Exchange Commission (the “SEC”) and the Commodity Futures Trading Commission (the “CFTC”), not all of which has been proposed or finalized as of the date of the Funds’ prospectus. Prior to the Dodd-Frank Act, the OTC derivatives markets were traditionally traded on a bilateral basis (so-called “bilateral OTC transactions”). Under the Dodd-Frank Act, certain OTC derivatives transactions are now required to be centrally cleared and traded on exchanges or electronic trading platforms called swap execution facilities. Bilateral OTC transactions differ from exchange-traded or cleared derivatives transactions in several respects. Bilateral OTC transactions are transacted directly with dealers and not with a clearing corporation. As bilateral OTC transactions are entered into directly with a dealer, there is a risk of nonperformance by the dealer as a result of its insolvency or otherwise. Under regulations adopted by the CFTC and federal banking regulators (commonly referred to as “Margin Rules”), a Fund is required to post collateral (known as variation margin) to cover the mark-to-market exposure in respect of its uncleared swaps. These rules also mandate that collateral in the form of initial margin be posted to cover potential future exposure attributable to uncleared swap transactions for certain entities, which may include the Funds.

Duration Risk (Catholic Responsible Investments Ultra Short Bond Fund, Catholic Responsible Investments Short Duration Bond Fund, Catholic Responsible Investments Bond Fund and Catholic Responsible Investments Opportunistic Bond Fund) – Duration is a measure of the expected life of a fixed income security that is used to determine the sensitivity of a security's price to changes in interest rates. For example, if a fixed income security has a five-year duration, it will decrease in value by approximately 5% if interest rates rise 1% and increase in value by approximately 5% if interest rates fall 1%. Fixed income instruments with higher duration typically have higher risk and higher volatility. Longer-term fixed income securities in which a portfolio may invest are more volatile than shorter-term fixed income securities. A portfolio with a longer average portfolio duration is typically more sensitive to changes in interest rates than a portfolio with a shorter average portfolio duration.

Emerging Markets Securities Risk (Catholic Responsible Investments Short Duration Bond Fund, Catholic Responsible Investments Bond Fund, Catholic Responsible Investments Opportunistic Bond Fund, Catholic Responsible Investments Multi-Style US Equity Fund, Catholic Responsible Investments International Equity Fund and Catholic Responsible Investments International Small-Cap Fund) – Emerging market countries may be more likely to experience political turmoil or rapid changes in market or economic conditions than more developed countries. Emerging market countries often have less uniformity in accounting and reporting requirements and unreliable securities valuation. It is sometimes difficult to obtain and enforce court judgments in such countries and there is often a greater potential for nationalization and/or expropriation of assets by the government of an emerging market country. In addition, the financial stability of issuers (including governments) in emerging market countries may be more precarious than in other countries. As a result, there will tend to be an increased risk of price volatility associated with a Fund’s investments in emerging market countries, which may be magnified by currency fluctuations relative to the U.S. dollar.

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Equity Risk (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 and Catholic Responsible Investments International Small-Cap Fund) – Equity securities include common and preferred stocks, convertible securities, rights and warrants, depositary receipts, private placements, “new issues” and shares of exchange-traded funds (“ETFs”). Common stock represents an equity or ownership interest in an issuer. Preferred stock provides a fixed dividend that is paid before any dividends are paid to common stockholders, and which takes precedence over common stock in the event of a liquidation. Like common stock, preferred stocks represent partial ownership in a company, although preferred stock shareholders do not enjoy any of the voting rights of common stockholders. Also, unlike common stock, a preferred stock pays a fixed dividend that does not fluctuate, although the company does not have to pay this dividend if it lacks the financial ability to do so. Investments in equity securities in general are subject to market risks that may cause their prices to fluctuate over time. The value of securities convertible into equity securities, such as warrants or convertible debt, is also affected by prevailing interest rates, the credit quality of the issuer and any call provision. Fluctuations in the value of equity securities in which a Fund invests will cause the Fund’s NAV to fluctuate. A variety of factors can lead to volatility in local, regional, or global markets, including regulatory events, inflation, interest rates, government defaults, government shutdowns, war, regional conflicts, acts of terrorism, social unrest, the imposition of tariffs, trade disputes, and substantial economic downturn or recessions.

Fixed Income Market Risk (Catholic Responsible Investments Ultra Short Bond Fund, Catholic Responsible Investments Short Duration Bond Fund, Catholic Responsible Investments Bond Fund and Catholic Responsible Investments Opportunistic Bond Fund) — The prices of a 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, a Fund’s fixed income securities will decrease in value if interest rates rise and vice versa. Fixed income securities may have fixed, variable or floating rates. There is a risk that the current interest rate on floating and variable rate instruments may not accurately reflect existing market interest rates. Also, longer-term securities are generally more sensitive to changes in the level of interest rates, so the average maturity or duration of these securities affects risk. Changes in government policy, including the Federal Reserve’s decisions with respect to raising interest rates or terminating certain programs such as quantitative easing, could increase the risk that interest rates will rise. Rising interest rates may, in turn, increase volatility and reduce liquidity in the fixed income markets, and result in a decline in the value of the fixed income investments held by a Fund. These risks may be heightened in a low interest rate environment. In addition, reductions in dealer market-making capacity as a result of structural or regulatory changes could further decrease liquidity and/or increase volatility in the fixed income markets. In the case of foreign securities, price fluctuations will reflect international economic and political events, as well as changes in currency valuations relative to the U.S. dollar. As a result of these market conditions, a Fund’s value may fluctuate and/or the Fund may experience increased redemptions from shareholders, which may impact the Fund’s liquidity or force the Fund to sell securities into a declining or illiquid market. Broad movements in financial markets may adversely affect the price of a 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 a Fund invests, which in turn could negatively impact the Fund’s performance and cause losses on your investment in the Fund.

Floating Rate Securities Risk (Catholic Responsible Investments Ultra Short Bond Fund, Catholic Responsible Investments Short Duration Bond Fund, Catholic Responsible Investments Bond Fund and Catholic Responsible Investments Opportunistic Bond Fund) — Each Fund may invest in obligations with interest rates that are reset periodically. Although floating rate securities are generally less sensitive to interest rate changes than fixed rate instruments, the value of floating rate securities may decline if their interest rates do not rise as quickly, or as much, as general interest rates. Floating rate securities are issued by a wide variety of issuers and may be issued for a wide variety of purposes, including as a method of reconstructing cash flows. Issuers of floating rate securities may include, but are not limited to, financial companies, merchandising entities, bank holding companies, and other entities. In addition to the risks associated with the floating nature of interest payments, investors remain exposed to other underlying risks associated with the issuer of the floating rate security, such as credit risk.

Foreign Company Risk (Catholic Responsible Investments Short-Duration Bond Fund, Catholic Responsible Investments Bond Fund, Catholic Responsible Investments Opportunistic Bond Fund, Catholic Responsible Investments Multi-Style US Equity Fund, Catholic Responsible Investments International Equity Fund and Catholic Responsible Investments International Small-Cap Fund) — Investing in issuers located in foreign countries poses distinct risks because political and economic events unique to a country or region will affect those markets and their issuers. These events will not necessarily affect the U.S. economy or similar issuers located in the United States. More specifically, investing in foreign issuers includes risks of adverse changes in foreign economic, political, regulatory and other conditions, changes in currency exchange rates or exchange control regulations (including limitations on currency movements and exchanges), differing accounting, auditing, financial reporting and legal standards and practices, differing securities market structures, and higher transaction costs. In certain countries, legal remedies available to investors may be more limited than those available with respect to investments in the U.S. In addition, the securities of some foreign companies may be less liquid and, at times, more volatile than securities of comparable U.S. companies. A Fund may also experience more rapid or extreme changes in value as compared to a fund that invests solely in securities of U.S. companies because the securities markets of many foreign countries are relatively small and consist of a limited number of companies representing a small number of industries. Investing in foreign issuers also poses the risk that the cost of buying, selling and holding foreign securities, including brokerage, tax and custody costs, may be higher than the costs involved in domestic transactions. In addition, investments in foreign countries are generally denominated in a foreign currency. As a result, changes in the value of those currencies compared to the U.S. dollar may affect (positively or negatively) the value of a Fund's investments. These currency movements may happen separately from, and in response to, events that do not otherwise affect the value of the security in the issuer's home country. Additionally, periodic U.S. Government restrictions on investments in issuers from certain foreign countries may result in a Fund having to sell such prohibited securities at inopportune times. Such prohibited securities may have less liquidity as a result of such U.S. Government designation and the market price of such prohibited securities may decline, which may cause a Fund to incur losses.

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Foreign Currency Risk (Catholic Responsible Investments International Equity Fund and Catholic Responsible Investments International Small-Cap Fund) — 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.

Foreign Sovereign Debt Securities Risk (Catholic Responsible Investments Short-Duration Bond Fund, Catholic Responsible Investments Bond Fund and Catholic Responsible Investments Opportunistic Bond Fund) – The risks that (i) the governmental entity that controls the repayment of sovereign debt may not be willing or able to repay the principal and/or interest when it becomes due because of factors such as debt service burden, political constraints, cash flow problems and other national economic factors; (ii) governments may default on their debt securities, which may require holders of such securities to participate in debt rescheduling or additional lending to defaulting governments; and (iii) there is no bankruptcy proceeding by which defaulted sovereign debt may be collected in whole or in part. These risks are typically heightened with respect to emerging market countries.

Geographic Focus Risk (Catholic Responsible Investments Ultra Short Bond Fund, Catholic Responsible Investments Short Duration Bond Fund, Catholic Responsible Investments Opportunistic Bond Fund, Catholic Responsible Investments Multi-Style US Equity Fund and Catholic Responsible Investments International Small-Cap Fund) — To the extent that it focuses its investments in a particular country or geographic region, a Fund may be more susceptible to economic, political, regulatory or other events or conditions affecting issuers and countries within that country or geographic region. As a result, such Fund may be subject to greater price volatility and risk of loss than a fund holding more geographically diverse investments.

Investing in the United States Risk. A Fund that focuses its investments in the United States may be more susceptible to economic, political, regulatory or other events or conditions affecting issuers within the United States, and may be subject to greater price volatility and risk of loss, than a fund holding more geographically diverse investments.

Growth Investment Style Risk (Catholic Responsible Investments Multi-Style US Equity Fund and Catholic Responsible Investments International Small-Cap Fund) — The Fund may invest in securities of companies that the Adviser or a sub-adviser believes have superior prospects for robust and sustainable growth of revenues and earnings. An investment in growth stocks may be susceptible to rapid price swings, especially during periods of economic uncertainty. Growth stocks typically have little or no dividend income to cushion the effect of adverse market conditions. In addition, growth stocks may be particularly volatile in the event of earnings disappointments or other financial difficulties experienced by the issuer. In addition, these may be companies with new, limited or cyclical product lines, markets or financial resources, and the management of such companies may be dependent upon one or a few key people. The stocks of such companies can therefore be subject to more abrupt or erratic market movements than stocks of larger, more established companies or the stock market in general.

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High Yield Bond Risk (Catholic Responsible Investments Short Duration Bond Fund, Catholic Responsible Investments Bond Fund and Catholic Responsible Investments Opportunistic Bond Fund) — High yield, or “junk,” bonds are highly speculative securities that are usually issued by smaller, less creditworthy and/or highly leveraged (indebted) companies. Compared with investment-grade bonds, high yield bonds are considered to carry a greater degree of risk and are considered to be less likely to make payments of interest and principal. In particular, lower-quality high yield bonds (rated CCC, CC, C, or unrated securities judged to be of comparable quality) are subject to a greater degree of credit risk than higher-quality high yield bonds and may be near default. High yield bonds rated D are in default. Market developments and the financial and business conditions of the issuers of these securities generally influence their price and liquidity more than changes in interest rates, when compared to investment-grade debt securities.

Impact Investing Risk (Catholic Responsible Investments Short Duration Bond Fund, Catholic Responsible Investments Bond Fund and Catholic Responsible Investments Opportunistic Bond Fund) – Each Fund invests part of its portfolio in securities that align with a proprietary impact investing framework for public fixed-income markets, which may exclude securities of certain issuers for nonfinancial reasons. Because of this, the Funds may forgo some market opportunities available to funds that do not use these criteria.

Indexing Strategy/Index Tracking Risk (Catholic Responsible Investments Equity Index Fund and Catholic Responsible Investments Small-Cap Fund) – A Fund that is managed with an indexing investment strategy attempts to track the performance of an unmanaged index of securities, which differs from an actively-managed fund, which typically seeks to outperform a benchmark index. Such Fund generally will buy and will not sell a security included in the benchmark index as long as the security is part of the benchmark index regardless of any sudden or material decline in value or foreseeable material decline in value of the security, even though the Adviser or a sub-adviser may make a different investment decision for other actively managed accounts or portfolios that hold the security. As a result, such Fund's performance may be less favorable than that of a portfolio managed using an active investment strategy. The structure and composition of the benchmark index will affect the performance, volatility, and risk of the index (in absolute terms and by comparison with other indices) and, consequently, the performance, volatility, and risk of the Fund. Such Fund’s performance may not match the performance of the benchmark index for a number of reasons. For example, the Fund incurs a number of operating expenses, including taxes, not applicable to the index and incurs costs associated with buying and selling securities, especially when rebalancing the Fund’s securities holdings to reflect changes in the composition of the index. As discussed elsewhere in this section, the performance of a Fund managed pursuant to an indexing investment strategy may also be affected because of the impact of the Adviser’s Catholic Responsible Investment criteria on the portfolio holdings of the Fund. In addition, the Fund may not be fully invested at times, either as a result of cash flows into or out of the Fund or reserves of cash held by the Fund to meet redemptions. Changes in the composition of the index and regulatory requirements also may impact a Fund's ability to match the return of the index. Index tracking risk may be heightened during times of increased market volatility or other unusual market conditions.

Index Correlation Risk (Catholic Responsible Investments Multi-Style US Equity Fund) – Because a portion of the Fund weighs each sector and industry approximately the same as its index, the Fund’s ability to broadly reallocate this portion of its portfolio due to changes in outlook for a particular sector or industry is more limited than other actively-managed funds with greater flexibility to overweight or underweight certain sectors and industries due to changes in market conditions. As a result, the Fund’s performance may lag the performance of other actively-managed funds with more flexible investment programs.

Industry Concentration Risk (Catholic Responsible Investments Equity Index Fund and Catholic Responsible Investments Small-Cap Fund) – Each Fund will concentrate its investments (i.e., hold 25% or more of its total assets) in a particular industry or group of industries to approximately the same extent that its underlying index is so concentrated. Concentrating Fund investments in companies conducting business in the same industry will subject a Fund to a greater risk of loss as a result of adverse economic, business or other developments affecting that industry than if its investments were not so concentrated.

158

CATHOLIC RESPONSIBLE INVESTMENTS

APRIL 30, 2026 (Unaudited)

Inflation Protected Securities Risk (Catholic Responsible Investments Short Duration Bond Fund, Catholic Responsible Investments Bond Fund and Catholic Responsible Investments Opportunistic Bond Fund) – The value of inflation protected securities, generally will fluctuate in response to changes in “real” interest rates. Real interest rates represent nominal (or stated) interest rates reduced by the expected impact of inflation. The value of an inflation protected security generally decreases when real interest rates rise and generally increases when real interest rates fall. In addition, the principal value of an inflation protected security is periodically adjusted up or down along with the rate of inflation. If the measure of inflation falls, the principal value of the inflation protected security will be adjusted downwards, and consequently, the interest payable on the security will be reduced.

Initial Public Offering Risk (Catholic Responsible Investments Multi-Style US Equity Fund) — The Fund may invest in initial public offerings (“IPOs”). An IPO is a company’s first offering of stock to the public. IPO risk is the risk that the market value of IPO shares will fluctuate considerably due to factors such as the absence of a prior public market, unseasoned trading, the small number of shares available for trading and limited information about a company’s business model, quality of management, earnings growth potential, and other criteria used to evaluate its investment prospects. Accordingly, investments in IPO shares involve greater risks than investments in shares of companies that have traded publicly on an exchange for extended periods of time. Investments in IPO shares may also involve high transaction costs, and are subject to market risk and liquidity risk, which are described elsewhere in this section.

Because of the price volatility of IPO shares, the Fund may choose to hold IPO shares for a very short period of time. This may increase the turnover of the Fund’s portfolio and may lead to increased expenses to the Fund, such as commissions and transaction costs. By selling IPO shares, the Fund may realize taxable gains it will subsequently distribute to shareholders. In addition, the market for IPO shares can be speculative and/or inactive for extended periods of time. There is no assurance that the Fund will be able to obtain allocable portions of IPO shares. The limited number of shares available for trading in some IPOs may make it more difficult for the Fund to buy or sell significant amounts of shares without an unfavorable impact on prevailing prices. Investors in IPO shares can be affected by substantial dilution in the value of their shares, by sales of additional shares and by concentration of control in existing management and principal shareholders.

Interest Rate Risk (Catholic Responsible Investments Ultra Short Bond Fund, Catholic Responsible Investments Short Duration Bond Fund, Catholic Responsible Investments Bond Fund and Catholic Responsible Investments Opportunistic Bond Fund) — Interest rate risk is the risk that a change in interest rates will cause a fall in the value of fixed income securities, including U.S. Government securities, in which a Fund invests. In a low interest rate environment, the risk of a decline in value of a Fund’s portfolio securities associated with rising rates is heightened because there may be a greater likelihood of rates increasing, potentially rapidly. In a declining interest rate environment, a Fund generally will be required to invest available cash in instruments with lower interest rates than those of the current portfolio securities. Although U.S. Government securities are considered to be among the safest investments, they are not guaranteed against price movements due to changing interest rates. Obligations issued by some U.S. Government agencies are backed by the U.S. Treasury, whereas others are backed solely by the ability of the agency to borrow from the U.S. Treasury or by the agency’s own resources. Interest rate risk may be heightened for investments in emerging market countries.

Investment in Underlying Funds Risk (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) — 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.

159

CATHOLIC RESPONSIBLE INVESTMENTS

APRIL 30, 2026 (Unaudited)

Large-Capitalization Company Risk (Catholic Responsible Investments Equity Index Fund, Catholic Responsible Investments Multi-Style US Equity Fund and Catholic Responsible Investments International Equity Fund) — If valuations of large-capitalization companies appear to be greatly out of proportion to the valuations of small- or medium-capitalization companies, investors may migrate to the stocks of small- and medium-sized companies. Additionally, larger, more-established companies may be unable to respond quickly to new competitive challenges such as changes in technology and consumer tastes. Larger companies also may not be able to attain the high growth rates of successful smaller companies.

Liquidity Risk (Catholic Responsible Investments Short-Duration Bond Fund, Catholic Responsible Investments Bond Fund, Catholic Responsible Investments Opportunistic Bond Fund and Catholic Responsible Investments Multi-Style US Equity Fund) – An illiquid investment is an investment that a Fund reasonably expects cannot be sold or disposed of in current market conditions in 7 calendar days or less without the sale or disposition significantly changing the market value of the investment. Pursuant to Rule 22e-4 under the 1940 Act, a Fund may invest up to 15% of its net assets in illiquid investments. Certain restricted securities that may be resold to institutional investors under Rule 144A under the Securities Act of 1933 and Section 4(2) commercial paper may be deemed liquid under guidelines approved by the Board. The Trust has implemented a liquidity risk management program and related procedures to identify illiquid investments pursuant to Rule 22e-4.

Although the Funds will invest primarily in liquid, publicly traded securities, the Funds may make investments that trade in lower volumes or that otherwise may be illiquid. Also, the Funds may make investments that may become less liquid in response to market developments or adverse investor perceptions. Less liquid or illiquid investments may be difficult to value. An inability to sell one or more portfolio positions can adversely affect the Funds’ value or prevent the Funds from being able to take advantage of other investment opportunities.

Liquidity risk may also refer to the risk that the Funds will not be able to pay redemption proceeds within the allowable time period because of unusual market conditions, an unusually high volume of redemption requests or other reasons. Although the Funds retain the ability to meet redemption requests through in-kind exchanges, subject to certain conditions, the Funds may need to raise cash to meet redemption requests through sales of portfolio securities or permissible borrowings. If a Fund is forced to sell securities at an unfavorable time and/or under unfavorable conditions, the Fund may have to lower the selling price, sell other investments, or forgo another, more appealing investment opportunity. Such sales may adversely affect a Fund’s NAV.

Market Risk (Catholic Responsible Investments Opportunistic Bond Fund, Catholic Responsible Investments Multi-Style US Equity Fund and Catholic Responsible Investments International Small-Cap Fund) — The risk that the market value of an investment may move up and down, sometimes rapidly and unpredictably. A Fund’s NAV per share will fluctuate with the market prices of its portfolio securities. Market risk may affect a single issuer, an industry, a sector or the equity or bond market as a whole. Markets for securities in which a Fund invests may decline significantly in response to adverse issuer, political, geopolitical (including war and armed conflict), regulatory, market, economic or other developments that may cause broad changes in market value, public perceptions concerning these developments, and adverse investor sentiment or publicity. Similarly, 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 a Fund invests, which in turn could negatively impact the Fund’s performance and cause losses on your investment in the Fund. Recent examples of events that have led to fluctuations in the equity markets include pandemic risks related to COVID-19 and aggressive measures taken worldwide in response by governments and businesses, elevated inflation levels, problems in the banking sector and wars in Europe and in the Middle East.

Money Market Securities Risk (Catholic Responsible Investments Ultra Short Bond Fund) — The value of money market instruments may be affected by changing interest rates and by changes in the credit ratings of the investments. An investment in a money market fund is not a bank deposit and is not insured or guaranteed by any bank, the FDIC or any other government agency. A money market fund’s sponsor has no legal obligation to provide financial support to the fund, and there should be no expectation that the sponsor will provide financial support to the fund at any time. Certain money market funds float their net asset value while others seek to preserve the value of investments at a stable net asset value (typically, $1.00 per share). An investment in a money market fund, even an investment in a fund seeking to maintain a stable net asset value per share, is not guaranteed and it is possible for the Fund to lose money by investing in these and other types of money market funds. Under certain circumstances where a money market fund experiences heightened redemptions, it may be required to impose a mandatory liquidity fee on amounts the Fund redeems from the money market fund (i.e., impose a liquidity fee). In addition, a money market fund may impose a liquidity fee of up to 2% on amounts the Fund redeems from the money market fund during circumstances where the money market fund’s board of directors determines such fee would be in the money market fund’s best interests. These measures may result in an investment loss. Money market funds and the securities they invest in are subject to comprehensive regulations. The regulations governing money market funds were recently amended in July 2023, and their implementation and interpretation, as well as enforcement, may affect the manner of operation, performance and/or yield of money market funds.

160

CATHOLIC RESPONSIBLE INVESTMENTS

APRIL 30, 2026 (Unaudited)

Mortgage-Backed Securities Risk (Catholic Responsible Investments Ultra Short Bond Fund, Catholic Responsible Investments Short Duration Bond Fund, Catholic Responsible Investments Bond Fund and Catholic Responsible Investments Opportunistic Bond Fund) — Mortgage-backed securities are fixed income securities representing an interest in a pool of underlying mortgage loans. Mortgage-backed securities are sensitive to changes in interest rates, but may respond to these changes differently from other fixed income securities due to the possibility of prepayment of the underlying mortgage loans. As a result, it may not be possible to determine in advance the actual maturity date or average life of a mortgage-backed security. Rising interest rates tend to discourage refinancing, with the result that the average life and volatility of the security will increase, exacerbating its decrease in market price. When interest rates fall, however, mortgage-backed securities may not gain as much in market value because of the expectation of additional mortgage prepayments, which must be reinvested at lower interest rates.

Non-Diversification Risk (Catholic Responsible Investments Equity Index Fund and Catholic Responsible Investments Small-Cap Fund) —To the extent the Funds become non-diversified, the Funds may invest a relatively high percentage of their assets in a limited number of issuers. Therefore, when the Funds are non-diversified, the Funds’ performance may be more vulnerable to changes in the market value of a single issuer or group of issuers and more susceptible to risks associated with a single economic, political or regulatory occurrence than when the Funds’ invested assets are diversified.

Operational and Cybersecurity Risk (Catholic Responsible Investments Multi-Style US Equity Fund) — The Fund, its service providers, including the Adviser and Sub-Advisers, and other market participants increasingly depend on complex information technology and communications systems to conduct business functions. These systems are subject to a number of different threats or risks that could adversely affect the Fund and its shareholders, despite the efforts of the Fund and its service providers to adopt technologies, processes and practices intended to mitigate these risks.

For example, unauthorized third parties may attempt to improperly access, modify, disrupt the operations of or prevent access to these systems or data within them (a “cyber-attack”), whether systems of the Fund, its service providers, counterparties or other market participants. Power or communications outages, acts of god, information technology equipment malfunctions, operational errors and inaccuracies within software or data processing systems may also disrupt business operations or impact critical data. Market events also may occur at a pace that overloads current information technology and communication systems and processes of the Fund, its service providers or other market participants, impacting the ability to conduct the Fund’s operations. Cyber-attacks, disruptions or failures that affect the Fund’s service providers or counterparties may adversely affect the Fund and its shareholders, including by causing losses for the Fund or impairing Fund operations. For example, the Fund’s service providers’ assets or sensitive or confidential information may be misappropriated, data may be corrupted and operations may be disrupted (e.g., cyber-attacks or operational failures may cause the release of private shareholder information or confidential Fund information, interfere with the processing of shareholder transactions, impact the ability to calculate the Fund’s NAV and impede trading). In addition, cyber-attacks, disruptions or failures may cause reputational damage and subject the Fund’s service providers to regulatory fines, litigation costs, penalties or financial losses, reimbursement or other compensation costs and/or additional compliance costs. While the Fund and its service providers may establish business continuity and other plans and processes to address the possibility of cyber-attacks, disruptions or failures, there are inherent limitations in such plans and systems, including that they do not apply to third parties, such as other market participants, as well as the possibility that certain risks have not been identified or that unknown threats may emerge in the future. The Fund’s service providers may also incur substantial costs for cybersecurity risk management, including insurance, in order to prevent or mitigate future cyber security incidents, and the Fund and its shareholders could be negatively impacted as a result of such costs. The Fund, the Adviser and the Sub-Advisers have limited ability to prevent or mitigate cyber security incidents affecting third-party service providers and such third-party service providers may have limited indemnification obligations to the Fund, the Adviser or the Sub-Advisers. Issuers of securities in which the Fund invests are also subject to cyber security risks, and the value of these securities could decline if the issuers experience cyber-attacks or other cyber-failures. Similar types of operational and technology risks are also present for issuers of securities or other instruments in which the Fund invests, which could result in material adverse consequences for such issuers, and may cause the Fund’s investments to lose value. In addition, cyber-attacks involving the Fund’s counterparties could affect such counterparties’ ability to meet their obligations to the Fund, which may result in losses to the Fund and its shareholders. Furthermore, as a result of cyber-attacks, disruptions or failures, an exchange or market may close or issue trading halts on specific securities or the entire market, which may result in the Fund being, among other things, unable to buy or sell certain securities or unable to accurately price its investments. The Fund cannot directly control any cybersecurity plans and systems put in place by its service providers, Fund counterparties, issuers in which the Fund invests or securities markets and exchanges.

161

CATHOLIC RESPONSIBLE INVESTMENTS

APRIL 30, 2026 (Unaudited)

Portfolio Turnover Risk (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 and Catholic Responsible Investments Multi-Style US Equity Fund) — Due to its investment strategy, a Fund may buy and sell securities frequently. Such a strategy often involves higher expenses, including brokerage commissions, and may increase the amount of capital gains (in particular, short-term capital gains) realized by a Fund. Shareholders may pay tax on such capital gains.

Prepayment and Extension Risk (Catholic Responsible Investments Ultra Short Bond Fund, Catholic Responsible Investments Short Duration Bond Fund, Catholic Responsible Investments Bond Fund and Catholic Responsible Investments Opportunistic Bond Fund) — When interest rates fall, issuers of high interest debt obligations may pay off the debts earlier than expected (prepayment risk), and a Fund may have to reinvest the proceeds at lower yields. When interest rates rise, issuers of lower interest debt obligations may pay off the debts later than expected (extension risk), thus keeping a Fund’s assets tied up in lower interest debt obligations.

Quantitative Strategy Risk (Catholic Responsible Investments International Equity Fund) — A quantitative investment strategy generally involves the use of computers to implement a systematic or rules-based approach to selecting investments based on specific measurable factors. Due to the significant role technology plays in such strategies, they carry the risk of unintended or unrecognized issues or flaws in the design, coding, implementation or maintenance of the computer programs or technology used in the development and implementation of the quantitative strategy. These issues or flaws, which can be difficult to identify, may result in the implementation of a portfolio that is different from that which was intended, and could negatively impact investment returns. Such risks should be viewed as an inherent element of investing in an investment strategy that relies heavily upon quantitative models and computerization.

Repurchase Agreement Risk (Catholic Responsible Investments Ultra Short Bond Fund, Catholic Responsible Investments Short Duration Bond Fund, Catholic Responsible Investments Bond Fund and Catholic Responsible Investments Opportunistic Bond Fund) — Under a repurchase agreement, the seller of a security to a Fund agrees to repurchase the security at a mutually agreed-upon time and price. If the seller in a repurchase agreement transaction defaults on its obligation under the agreement, a Fund may suffer delays and incur costs or lose money in exercising its rights under the agreement.

Sector and Industry Focus Risk (Catholic Responsible Investments Multi-Style US Equity Fund) — Because the Fund may, from time to time, be more heavily invested in particular sectors or industries, the value of its shares may be especially sensitive to factors and economic risks that specifically affect those sectors or industries. As a result, the Fund’s share price may at times fluctuate more widely than the value of shares of a mutual fund that invests in a broader range of sectors or industries.

Small- and Mid-Capitalization Company Risk (Catholic Responsible Investments Multi-Style US Equity Fund and Catholic Responsible Investments International Equity Fund) — Investing in equity securities of small- and mid-capitalization companies often involves greater risk than is customarily associated with investments in larger capitalization companies. This increased risk may be due to the greater business risks of smaller size companies, limited markets and financial resources, narrow product lines and the frequent lack of depth of management. Stock prices of smaller companies may be based in substantial part on future expectations rather than current achievements. The securities of smaller companies are often traded over-the-counter (“OTC”) and, even if listed on a national securities exchange, may not be traded in volumes typical for that exchange. Consequently, the securities of smaller companies may be less liquid, may have limited market stability and may be subject to more severe, abrupt or erratic market movements than securities of larger, more established companies or the market averages in general. Further, smaller companies may have less publicly available information and, when available, it may be inaccurate or incomplete.

162

CATHOLIC RESPONSIBLE INVESTMENTS

APRIL 30, 2026 (Unaudited)

Small-Capitalization Company Risk (Catholic Responsible Investments Small-Cap Fund and Catholic Responsible Investments International Small-Cap Fund) — The small-capitalization companies in which a Fund invests may be more vulnerable to adverse business or economic events than larger, more established companies. In particular, investments in these small-sized companies may pose additional risks, including liquidity risk, because these companies tend to have limited product lines, markets and financial resources, and may depend upon a relatively small management group. Therefore, small-capitalization stocks may be more volatile than those of larger companies. These securities may be traded OTC or listed on an exchange.

U.S. Government Securities Risk (Catholic Responsible Investments Ultra Short Bond Fund, Catholic Responsible Investments Short Duration Bond Fund, Catholic Responsible Investments Bond Fund and Catholic Responsible Investments Opportunistic Bond Fund) — A Fund’s investment in U.S. government obligations may include securities issued or guaranteed as to principal and interest by the U.S. government, or its agencies or instrumentalities. Obligations issued by some U.S. government agencies are backed by the U.S. Treasury, whereas others are backed solely by the ability of the agency to borrow from the U.S. Treasury or by the agency’s own resources. There can be no assurance that the U.S. government would provide financial support to its agencies or instrumentalities (including government-sponsored enterprises) where it is not obligated to do so. In addition, U.S. government securities are not guaranteed against price movements due to changing interest rates.

Value Investment Style Risk (Catholic Responsible Investments Multi-Style US Equity Fund, Catholic Responsible Investments International Equity Fund and Catholic Responsible Investments International Small-Cap Fund) — Value investing focuses on companies with stocks that appear undervalued in light of factors such as the company’s earnings, book value, revenues or cash flow. If the Adviser’s or a sub-adviser’s assessment of a company’s value or prospects for exceeding earnings expectations or market conditions is wrong, a Fund could suffer losses or produce poor performance relative to other funds. In addition, “value stocks” can continue to be undervalued by the market for long periods of time.

When-Issued and Delayed Delivery Securities Risk (Catholic Responsible Investments Ultra Short Bond Fund) — When-issued and delayed delivery securities and forward commitments involve the risk that the security the Fund buys will lose value prior to its delivery. There also is the risk that the security will not be issued or that the other party to the transaction will not meet its obligation. If this occurs, the Fund may lose both the investment opportunity for the assets it set aside to pay for the security and any gain in the security’s price.

11. 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, 2026.

12. Recent Accounting Pronouncement:

In December 2023, the FASB issued Accounting Standards Update 2023-09 (“ASU 2023-09”), Income Taxes (Topic 740) Improvements to Income Tax Disclosures, which amends quantitative and qualitative income tax disclosure requirements in order to increase disclosure consistency, bifurcate income tax information by jurisdiction and remove information that is no longer beneficial. ASU 2023-09 is effective for annual periods beginning after December 15, 2024, and early adoption is permitted. Fund Management is evaluating the impacts of these changes on the Funds’ financial statements.

13. 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.

163

CATHOLIC RESPONSIBLE INVESTMENTS

APRIL 30, 2026 (Unaudited)

At a special meeting of shareholders held on June 4, 2026, shareholders of the Magnus Funds approved a material amendment to the Investment Advisory Agreement between the Trust, on behalf of each applicable Magnus Fund, and the Adviser.

The amendment provides, among other things, for an increase in the contractual advisory fee from 0.00% to 0.05% of the applicable Magnus Fund's average daily net assets. The amendment also is associated with the implementation of a dynamic asset allocation framework intended to enhance risk-adjusted returns.

At the same meeting, shareholders of the Catholic Responsible Investments Small-Cap Fund approved a material amendment to its Investment Advisory Agreement with the Adviser pursuant to which the contractual advisory fee will increase from 0.20% to 0.78% of the Fund's average daily net assets. The amendment is associated with the Fund's transition from a passive investment strategy to an actively managed strategy.

The changes will be effective on or around June 30, 2026.

These changes are not reflected in the financial statements as of April 30, 2026, but may affect each Fund's expenses in future periods.

164

CATHOLIC RESPONSIBLE INVESTMENTS

APRIL 30, 2026

OTHER INFORMATION (FORM N-CSRS ITEMS 8-11)

Item 8. Changes in and Disagreements with Accountants for Open-End Management Investment Companies.

Not applicable.

Item 9. Proxy Disclosures for Open-End Management Investment Companies.

There were no matters submitted to a vote of shareholders during the period covered by this report.

Item 10. Remuneration Paid to Directors, Officers, and Others of Open-End Management Investment Companies.

Included within the Statement(s) of Operations of the financial statements.

Item 11. Statement Regarding Basis for Approval of Investment Advisory Contract.

Pursuant to Section 15 of the Investment Company Act of 1940 (the “1940 Act”), the Funds’ sub-advisory agreements must be renewed at least annually after their initial two-year term: (i) by the vote of the Board of Trustees (the “Board” or the “Trustees”) of Catholic Responsible Investments Funds (the “Trust”) or by a vote of a majority of the shareholders of the Funds; and (ii) by the vote of a majority of the Trustees who are not parties to the agreements or “interested persons” of any party thereto, as defined in the 1940 Act (the “Independent Trustees”), cast in person at a meeting called for the purpose of voting on such renewal.

A Board meeting was held on November 18–19, 2025 to decide whether to renew the sub-advisory agreements (the “Agreements”) between Christian Brothers Investment Services, Inc. (the “Adviser”) and certain sub-advisers on behalf of the Funds shown in the following table (each, a “Sub-Adviser” and together, the “Sub-Advisers”), pursuant to which the Sub-Advisers serve as investment sub-advisers to the Funds, for additional one-year terms:

Sub-Adviser	Fund(s)

Mercer Investments LLC	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
	Catholic Responsible Investments Magnus 75/25 Fund
	Catholic Responsible Investments Ultra Short Bond Fund
	Catholic Responsible Investments Short Duration Bond Fund
	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
	Catholic Responsible Investments International Small-Cap Fund
RhumbLine Advisers	Catholic Responsible Investments Equity Index Fund
	Catholic Responsible Investments Small-Cap Fund
Sun Life Capital Management (U.S.) LLC	Catholic Responsible Investments Bond Fund
	Catholic Responsible Investments Opportunistic Bond Fund
Teachers Advisors, LLC	Catholic Responsible Investments Bond Fund
	Catholic Responsible Investments Opportunistic Bond Fund
	Catholic Responsible Investments Short-Duration Bond Fund
Mar Vista Investment Partners, LLC	Catholic Responsible Investments Multi-Style US Equity Fund
WCM Investment Management, LLC	Catholic Responsible Investments International Equity Fund

165

CATHOLIC RESPONSIBLE INVESTMENTS

APRIL 30, 2026

In preparation for the meeting, the Trustees requested that the Sub-Advisers furnish information necessary to evaluate the terms of the Agreements. Prior to the meeting, the Independent Trustees of the Funds met to review and discuss the information provided and submitted a request for additional information to the Sub-Advisers, and information was provided in response to this request. The Trustees used this information, as well as other information that the Adviser, Sub-Advisers and other service providers of the Funds presented or submitted to the Board at the meeting and other meetings held during the prior year, to help them decide whether to renew the Agreements for an additional year.

Specifically, the Board requested and received written materials from the Sub-Advisers and other service providers of the Funds regarding: (i) the nature, extent and quality of the Sub-Advisers’ services; (ii) the Sub-Advisers’ investment management personnel; (iii) the Sub-Advisers’ operations and information about their financial condition, capitalization, profitability or financial viability to sub-advise the Funds; (iv) the Sub-Advisers’ brokerage practices (including any soft dollar arrangements) and investment strategies; (v) the advisory fees paid by the Adviser to the Sub-Advisers and the Funds’ overall fees and operating expenses compared with peer groups of mutual funds; (vi) the level of the Sub-Advisers’ profitability from their relationships with the Funds, including both direct and indirect benefits accruing to the Sub-Advisers and their affiliates; (vii) the Sub-Advisers’ potential economies of scale; (viii) the Sub-Advisers’ compliance programs, including a description of material compliance matters and material compliance violations; (ix) the Sub-Advisers’ policies on and compliance procedures for personal securities transactions; and (x) the Funds’ performance attributable to the Sub-Advisers and overall performance compared with peer groups of mutual funds and the Funds’ benchmark indices.

Representatives from the Adviser and the Sub-Advisers, along with other Fund service providers, presented additional information and participated in question and answer sessions at the Board meeting to help the Trustees evaluate the Sub-Advisers’ services, fees and other aspects of the Agreements. The Independent Trustees received advice from independent counsel and met in executive sessions outside the presence of Fund management, the Adviser and the Sub-Advisers.

At the Board meeting, the Trustees, including all of the Independent Trustees, based on their evaluation of the information provided by the Adviser, the Sub-Advisers and other service providers of the Funds, renewed the Agreements. In considering the renewal of the Agreements, the Board considered various factors that they determined were relevant, including: (i) the nature, extent and quality of the services provided by the Sub-Advisers; (ii) the investment performance of the Funds and the Sub-Advisers; (iii) the costs of the services provided and profits realized by the Sub-Advisers from their relationships with the Funds, including both direct and indirect benefits accruing to the Sub-Advisers and their affiliates; (iv) the extent to which economies of scale are being realized by the Sub-Advisers; and (v) whether fee levels reflect such economies of scale for the benefit of Fund investors, as discussed in further detail below.

Nature, Extent and Quality of Services Provided by the Sub-Advisers

In considering the nature, extent and quality of the services provided by the Sub-Advisers, the Board reviewed the portfolio management services provided by the Sub-Advisers to the Funds, including the quality and continuity of the Sub-Advisers’ portfolio management personnel, the resources of the Sub-Advisers, and the Sub-Advisers’ compliance histories and compliance programs. The Trustees reviewed the terms of the Agreements. The Trustees also reviewed the Sub-Advisers’ investment and risk management approaches for the Funds. The Trustees considered that the Adviser supervises and monitors the performance of the Sub-Advisers. The most recent investment adviser registration forms (“Form ADV”) for the Sub-Advisers were available to the Board, as were the responses of the Sub-Advisers to a detailed series of questions which included, among other things, information about the investment advisory services provided by the Sub-Advisers to the Funds.

166

CATHOLIC RESPONSIBLE INVESTMENTS

APRIL 30, 2026

The Trustees also considered other services provided to the Funds by the Sub-Advisers such as selecting broker-dealers for executing portfolio transactions, monitoring adherence to the Funds’ investment restrictions, and monitoring compliance with various Fund policies and procedures and with applicable securities laws and regulations. Based on the factors above, as well as those discussed below, the Board concluded, within the context of its full deliberations, that the nature, extent and quality of the services provided to the Funds by the Sub-Advisers were sufficient to support renewal of the Agreements.

Investment Performance of the Funds and the Sub-Advisers

The Board was provided with regular reports regarding the Funds’ performance over various time periods. The Trustees also reviewed reports prepared by the Funds’ administrator comparing the Funds’ performance to their benchmark indices and peer groups of mutual funds as classified by Lipper, an independent provider of investment company data, over various periods of time. Representatives from the Sub-Advisers provided information regarding and led discussions of factors impacting the performance of the Funds, outlining current market conditions and explaining their expectations and strategies for the future. The Trustees determined that the Funds’ performance was satisfactory, or, where the Funds’ performance was materially below their benchmarks and/or peer groups, the Trustees were satisfied by the reasons for the underperformance and/or the steps taken by the Sub-Advisers in an effort to improve the performance of the Funds. Based on this information, the Board concluded, within the context of its full deliberations, that the investment results that the Sub-Advisers had been able to achieve for the Funds were sufficient to support renewal of the Agreements.

Costs of Sub-Advisory Services, Profitability and Economies of Scale

In considering the advisory fees payable by the Adviser to the Sub-Advisers, the Trustees reviewed, among other things, a report of the advisory fees paid to the Sub-Advisers. The Trustees also reviewed reports prepared by the Funds’ administrator comparing the Funds’ net and gross expense ratios and advisory fees to those paid by peer groups of mutual funds as classified by Lipper. The Trustees reviewed the management fees charged by the applicable Sub-Advisers to other clients with comparable mandates. The Trustees considered any differences in management fees and took into account the respective demands, resources and complexity associated with the Funds and other client accounts as well as the extensive regulatory, compliance and tax regimes to which the Funds are subject. The Trustees also considered that the Adviser, not the Funds, paid the Sub-Advisers pursuant to the sub-advisory agreements and that the fees payable to the Sub-Advisers reflected arms-length negotiations between the Adviser and the Sub-Advisers. The Trustees evaluated both the fee under the sub-advisory agreements and the portion of the fee under the advisory agreement retained by the Adviser. The Board concluded, within the context of its full deliberations, that the advisory fees were reasonable in light of the nature and quality of the services rendered by the Sub-Advisers.

The Trustees reviewed the costs of services provided by and the profits realized by the Sub-Advisers from their relationships with the Funds, including both direct benefits and indirect benefits, such as research and brokerage services received under soft dollar arrangements, accruing to the Sub-Advisers and their affiliates. The Trustees considered how the Sub-Advisers’ profitability was affected by factors such as their organizational structures and methods for allocating expenses. The Trustees concluded that the profit margins of the Sub-Advisers with respect to the management of the Funds were not unreasonable. The Board also considered the Sub-Advisers’ commitment to managing the Funds.

The Trustees considered the Sub-Advisers’ views relating to economies of scale in connection with the Funds as Fund assets grow and the extent to which the benefits of any such economies of scale are shared with the Funds and Fund shareholders. The Board considered the existence of any economies of scale and whether those were passed along to the Funds’ shareholders through a graduated advisory fee schedule or other means, including fee waivers. The Trustees recognized that economies of scale are difficult to identify and quantify and are rarely identifiable on a fund-by-fund basis. Based on this evaluation, the Board concluded that the advisory fees were reasonable in light of the information that was provided to the Trustees by the Sub-Advisers with respect to economies of scale.

167

CATHOLIC RESPONSIBLE INVESTMENTS

APRIL 30, 2026

Renewal of the Agreements

Based on the Board’s deliberations and its evaluation of the information described above and other factors and information it believed relevant in the exercise of its reasonable business judgment, the Board, including all of the Independent Trustees, with the assistance of Fund counsel and Independent Trustees’ counsel, unanimously concluded that the terms of the Agreements, including the fees payable thereunder, were fair and reasonable and agreed to renew the Agreements for another year. In its deliberations, the Board did not identify any absence of information as material to its decision, or any particular factor (or conclusion with respect thereto) or single piece of information that was all-important, controlling or determinative of its decision, but considered all of the factors together, and each Trustee may have attributed different weights to the various factors (and conclusions with respect thereto) and information.

168

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-001-0500

Item 8. Changes in and Disagreements with Accountants for Open-End Management Investment Companies.

Included under item 7.

Item 9. Proxy Disclosures for Open-End Management Investment Companies.

Included under item 7.

Item 10. Remuneration Paid to Directors, Officers, and Others of Open-End Management Investment Companies.

Included under item 7.

Item 11. Statement Regarding Basis for Approval of Investment Advisory Contract.

Included under item 7.

Item 12. Disclosure of Proxy Voting Policies and Procedures for Closed-End Management Investment Companies.

Not applicable to open-end management investment companies.

Item 13. Portfolio Managers of Closed-End Management Investment Companies.

Not applicable to open-end management investment companies.

Item 14. Purchases of Equity Securities by Closed-End Management Investment Company and Affiliated Purchasers.

Not applicable to open-end management investment companies.

Item 15. Submission of Matters to a Vote of Security Holders.

There have been no changes to the procedures by which shareholders may recommend nominees to the Registrant’s Board of Trustees during the period covered by this report.

Item 16. 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 Rule 13a-15(b) or Rule 15d-15(b) under the Securities Exchange Act of 1934 (17 CFR § 240.13a-15(b) or §240.15d-15(b)).

(b)

There has been no change 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 has materially affected, or is reasonably likely to materially affect, the Registrant’s internal control over financial reporting.

Item 17. 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 applicable.

(a)(2)

Not applicable.

(a)(3)

A separate certification for the principal executive officer and the principal financial officer of the Registrant, as required by Rule 30a-2(a) under the Act (17 CFR § 270.30a-2(a)), are filed herewith.

(a)(4)

Not applicable.

(a)(5)

Not applicable.

(b)

Officer certifications, as required by Rule 30a-2(b) under the Act (17 CFR § 270.30a-2(b)), also accompany this filing as exhibits.

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 6, 2026

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 6, 2026

By:	/s/ Andrew Metzger

Andrew Metzger, Principal Financial Officer

Date:

July 6, 2026

ATTACHMENTS / EXHIBITS

ATTACHMENTS / EXHIBITS

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Catholic Responsible Investments Funds

Catholic Responsible Investments Ultra Short Bond Fund

Institutional Class Shares - CRHSX

Semi-Annual Shareholder Report: April 30, 2026

What were the Fund costs for the last six months?

Key Fund Statistics as of April 30, 2026

What did the Fund invest in?

Asset WeightingsFootnote Reference*

Top Ten Holdings

Material Fund Changes

Changes in and Disagreements with Accountants

Additional Information

Householding

Catholic Responsible Investments Funds

Catholic Responsible Investments Short Duration Bond Fund

Institutional Class Shares - CRDSX

Semi-Annual Shareholder Report: April 30, 2026

What were the Fund costs for the last six months?

Key Fund Statistics as of April 30, 2026

What did the Fund invest in?

Asset WeightingsFootnote Reference*

Top Ten Holdings

Material Fund Changes

Changes in and Disagreements with Accountants

Additional Information

Householding

Catholic Responsible Investments Funds

Catholic Responsible Investments Bond Fund

Institutional Class Shares - CRBSX

Semi-Annual Shareholder Report: April 30, 2026

What were the Fund costs for the last six months?

Key Fund Statistics as of April 30, 2026

What did the Fund invest in?

Asset WeightingsFootnote Reference*

Top Ten Holdings

Material Fund Changes

Changes in and Disagreements with Accountants

Additional Information

Householding

Catholic Responsible Investments Funds

Catholic Responsible Investments Bond Fund

Investor Class Shares - CRBVX

Semi-Annual Shareholder Report: April 30, 2026

What were the Fund costs for the last six months?

Key Fund Statistics as of April 30, 2026

What did the Fund invest in?

Asset WeightingsFootnote Reference*

Top Ten Holdings

Material Fund Changes

Changes in and Disagreements with Accountants

Additional Information

Householding

Catholic Responsible Investments Funds

Catholic Responsible Investments Opportunistic Bond Fund

Institutional Class Shares - CROSX

Semi-Annual Shareholder Report: April 30, 2026

What were the Fund costs for the last six months?

Key Fund Statistics as of April 30, 2026

What did the Fund invest in?

Asset WeightingsFootnote Reference*

Top Ten Holdings

Material Fund Changes

Changes in and Disagreements with Accountants

Additional Information

Householding

Catholic Responsible Investments Funds

Catholic Responsible Investments Opportunistic Bond Fund

Investor Class Shares - CROVX

Semi-Annual Shareholder Report: April 30, 2026

What were the Fund costs for the last six months?

Key Fund Statistics as of April 30, 2026

What did the Fund invest in?

Asset WeightingsFootnote Reference*

Top Ten Holdings

Material Fund Changes

Changes in and Disagreements with Accountants

Additional Information

Householding

Catholic Responsible Investments Funds

Catholic Responsible Investments Equity Index Fund

Asset Weightings^{Footnote Reference*}

Asset Weightings^{Footnote Reference*}

Asset Weightings^{Footnote Reference*}

Asset Weightings^{Footnote Reference*}

Asset Weightings^{Footnote Reference*}

Asset Weightings^{Footnote Reference*}

Asset/Sector Weightings^{Footnote Reference*}

Asset/Sector Weightings^{Footnote Reference*}

Asset/Sector Weightings^{Footnote Reference*}

Asset/Sector Weightings^{Footnote Reference*}

Asset/Country Weightings^{Footnote Reference*}