Investment Policy of the Sisters of the Presentation


The socially responsible investment program of the Christian Brothers Investment
Services, Inc., CBIS, includes both principled purchasing decisions and active ownership
strategies. The focus is not exclusively on screening companies from our investment
portfolios (although we do exclude some) but on engaging the companies we invest in
to become better corporate citizens. We follow a multi-strategy approach – stock
screening, proxy voting, corporate dialogues and shareholder resolutions – that we
believe mitigates risk and minimizes the potential impact of SRI on investment
management and performance.

To further our active ownership efforts, we also work closely with the larger SRI
community, a network composed of hundreds of other socially responsible investors.
Together, over time, we believe we have achieved significant progress with many
companies. Indeed, our collaboration with other faith-based investors has allowed us
to leverage our influence to promote progress and change.



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