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Case Study: Expressing religious values in investment portfolios
Consultant’s client needed a portfolio that adhered to the United States Conference of Catholic
Bishops Socially Responsible Investment (USCCB SRI) Guidelines. Aperio developed a
custom Catholic portfolio to track the Russell 3000.
Challenge
The client engaged a consultant to help find an investment portfolio that adhered to the United
States Conference of Catholic Bishops Socially Responsible Investment (USCCB SRI)
Guidelines. Client expressed concerns at the costs and performance issues of off-the-shelf
actively managed Catholic funds. The consultant reached out to Aperio to design a solution.
Aperio solution
Aperio optimized the securities that passed the USCCB SRI screens to create a portfolio with
low tracking error to the Russell 3000. Aperio worked with the consultant, client and information
provided by KLD to establish an appropriate set of screened names. Screened names were
then optimized to achieve a 0.59% tracking error to the Russell 3000 benchmark.
Aperio also implemented proxy voting to match the targeted value set.
Impact
Client achieved a custom Catholic Values portfolio with standard benchmark returns.
Please see disclosure on page 2
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Copyright © 2012 Aperio Group LLC
The information contained within this presentation was carefully compiled from sources Aperio believes to
be reliable, but we cannot guarantee accuracy. We provide this information with the understanding that
we are not engaged in rendering legal, accounting, or tax services. In particular, none of the examples
should be considered advice tailored to the needs of any specific investor. We recommend that all
investors seek out the services of competent professionals in any of the aforementioned areas.
With respect to the description of any investment strategies, simulations, or investment recommendations,
we cannot provide any assurances that they will perform as expected and as described in our materials.
Past performance is not indicative of future results. Every investment program has the potential for loss
as well as gain.
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Copyright © 2012 Aperio Group LLC