Our family of mutual funds offers investors a convenient option that fully leverages the Knights’ Catholic investment approach.
I Shares (formerly Institutional Shares) are available at a minimum investment of $25,000.
|Fund||Benchmark||Gross Expense Ratio||Net Expense Ratio||Ticker|
|Limited Duration Fund||Bloomberg Barclays 1-3 Year U.S. Government/Credit Index||1.22 %||0.50 %||KCLIX|
|Core Bond Fund||Bloomberg Barclays U.S. Aggregate Bond Index||1.19 %||0.50 %||KCCIX|
|Large Cap Growth Fund||Russell 1000 Growth Index||1.61 %||0.90 %||KCGIX|
|Large Cap Value Fund||Russell 1000 Value Index||1.62 %||0.90 %||KCVIX|
|Small Cap Fund||Russell 2000 Index||1.49 %||1.05 %||KCSIX|
|International Equity Fund||FTSE All-World Ex-U.S. Index||1.71 %||1.10 %||KCIIX|
Investor Shares are available at a minimum investment of $1,000.
|Fund||Benchmark||Gross Expense Ratio||Net Expense Ratio||Ticker|
|Limited Duration Fund||Bloomberg Barclays 1-3 Year U.S. Government/Credit Index||1.67 %||0.95 %||KCLVX|
|Core Bond Fund||Bloomberg Barclays U.S. Aggregate Bond Index||1.64 %||0.95 %||KCCVX|
|Large Cap Growth Fund||Russell 1000 Growth Index||2.06 %||1.35 %||KCGVX|
|Large Cap Value Fund||Russell 1000 Value Index||2.07 %||1.35 %||KCVVX|
|Small Cap Fund||Russell 2000 Index||1.94 %||1.50 %||KCSVX|
|International Equity Fund||FTSE All-World Ex-U.S. Index||2.16 %||1.55 %||KCIVX|
For Catholic investors looking for a comprehensive solution, we offer model portfolios with allocations to our screened strategies for diversification and USCCB compliance. Our portfolio team will help you select the model portfolio that is most appropriate for your institution’s needs and will provide ongoing asset allocation services to help you stay on track with financial goals.
Neither asset allocation nor diversification guarantees profit or protects against losses in declining markets.
The net expense ratio presented represents the Fund’s Total Annual Fund Operating Expenses After Fee Reductions and/or Expense Reimbursements as presented in the prospectus dated March 1, 2016. Knights of Columbus Asset Advisors LLC has contractually agreed to waive fees and reimburse expenses to the extent necessary to keep Total Annual Fund Operating Expenses (excluding interest, taxes, brokerage commissions, acquired fund fees and expenses and extraordinary expenses (collectively, “excluded expenses”)) from exceeding the percentage of the for the Fund’s Institutional Shares’ average daily net assets presented in the table until February 28, 2017 (the “contractual expense limit”). In addition, if at any point Total Annual Fund Operating Expenses (not including excluded expenses) are below the contractual expense limit, the Knights of Columbus Asset Advisors LLC may receive from a Fund the difference between the Total Annual Fund Operating Expenses (not including excluded expenses) and the contractual expense limit to recover all or a portion of its prior fee waivers or expense reimbursements made during the preceding three year period during which this agreement was in place. This agreement may be terminated: (i) by the Board of Trustees (the “Board”) of The Advisors’ Inner Circle Fund III (the “Trust”), for any reason at any time; or (ii) by Knights of Columbus Asset Advisors LLC, upon ninety (90) days’ prior written notice to the Trust, effective as of the close of business on February 28, 2017.
The U.S. Government/Credit Index is the non-securitized component of the U.S. Aggregate Index and was the first macro index launched by Barclays Capital. The U.S. Government/Credit Index includes Treasuries (i.e., public obligations of the U.S. Treasury that have remaining maturities of more than one year), government-related issues (i.e., agency, sovereign, supranational, and local authority debt), and corporates. The U.S. Government/Credit Index was launched on January 1, 1979, with index history backfilled to 1973, and is a subset of the U.S. Aggregate Index. The 1-3 year index includes all medium and larger issues of U.S. government, investment-grade corporate, and investment-grade international dollar-denominated bonds that have maturities of between 1 and 3 years and are publicly issued.
The Bloomberg Barclays US Aggregate Bond Index is a broad-based flagship benchmark that measures the investment grade, US dollar-denominated,fixed-rate taxable bond market. The index includes Treasuries, government-related and corporate securities, MBS (agency fixed-rate and hybrid ARM pass-throughs), ABS and CMBS (agency and non-agency). Provided the necessary inclusion rules are met, US Aggregate eligible securities also contribute to the multi-currency Global Aggregate Index and the US Universal Index, which includes high yield and emerging markets debt. The US Aggregate Index was created in 1986 with history backfilled to January 1, 1976.
The Russell 1000 Growth Index measures the performance of the large-cap growth segment of the U.S. equity universe. It includes those Russell 1000 companies with higher price-to-book ratios and higher forecasted growth values. The Russell 1000 Growth Index is constructed to provide a comprehensive and unbiased barometer for the large-cap growth segment. The Index is completely reconstituted annually to ensure new and growing equities are included and that the represented companies continue to reflect growth characteristics.
The Russell 1000 Value Index measures the performance of the large-cap value segment of the U.S. equity universe. It includes those Russell 1000 companies with lower price-to-book ratios and lower expected growth values. The Russell 1000 Value Index is constructed to provide a comprehensive and unbiased barometer for the large-cap value segment. The Index is completely reconstituted annually to ensure new and growing equities are included and that the represented companies continue to reflect value characteristics.
The Russell 2000 Index measures the performance of the small-cap segment of the U.S. equity universe. The Russell 2000 Index is a subset of the Russell 3000® Index representing approximately 10% of the total market capitalization of that index. It includes approximately 2000 of the smallest securities based on a combination of their market cap and current index membership. The Russell 2000 is constructed to provide a comprehensive and unbiased small-cap barometer and is completely reconstituted annually to ensure larger stocks do not distort the performance and characteristics of the true small-cap opportunity set.
The FTSE All-World ex US Index is one of a number of indexes designed to help investors benchmark their international investments. The index comprises Large and Mid cap stocks providing coverage of Developed and Emerging Markets excluding the US. The index is derived from the FTSE Global Equity Index Series (GEIS), which covers 98% of the world’s investable market capitalization.