Introduction

Since its founding in 1981, CBIS’ unwavering mission has been to help Catholic institutions achieve their financial goals through the socially responsible management of their investments. Our focus has always been on you, our participants, never on crafting a corporate strategy to maximize a stock price or on abstract growth ambitions that serve executive compensation targets more than client needs. Our strategy as a firm is centered on understanding your needs as socially responsible Catholic institutional investors and doing all we can to meet them. This desire to serve is at the heart of both our everyday activities and our long-term strategy. It has informed and energized all our initiatives over our near-30-year history.

The investment industry, like the financial markets, is in a continuous state of change and evolution. That has been the case since 1981 and it is certainly true today. To stay relevant and competitive, and to best meet your needs, we must navigate these changes with an informed and clear understanding of how they impact your investment choices. Staying static is not an option. We must continuously evaluate the investment industry’s stream of innovations, avoiding those that serve their makers more than their clients. We must embrace those ideas that give you a better way to manage your portfolio risks and achieve your targeted returns. And when participants express a desire to be served in a new or different way, we must look for a way to prudently and effectively respond. During 2010, we worked hard to develop new products and implement new capabilities. And we believe we significantly broadened our ability to be of service to you.