Current asset allocation by mission-alignment

Private Investments – 2026

Private Impact

ADM Impact Credit Fund, ADM Capital Group
Ambienta, Ambienta Environmental Investments
CIM Enterprise Loan Fund, Community Investment Management
Conservation Forestry Capital III, Conservation Resources
CVI Clean Energy Fund AB CarVal
G2VP I, G2 Venture Partners
GEEREF, Global Energy Efficiency and Renewable Energy Fund
Generation Capital, Generate Capital
Liberation Capital
Lyme Forest Fund IV, Lyme Timber Company
Meadowlark Lands I, Clear Frontier
New Energy Capital I, New Energy Capital
New Energy Capital II, New Energy Capital
North Sky Cap – Alliance II North Sky Capital
North Sky Cap – Cleantech Growth North Sky Capital
REAF II https://www.berkeley-energy.com/energy-funds/
RRG Sustainable Water Impact Fund https://renewablegroup.com/sustainability
Sustainable Asset Fund I Vision Ridge Partners
Sustainable Asset Fund II Vision Ridge Partners
Sustainable Asset Fund III Vision Ridge Partners
Sunwealth – Impact Debt Fund, Sunwealth
Sunwealth – Solar Justice Fund Sunwealth
True Green Capital Fund III, True Green Capital
Virtu Evergreen Fund, Virtu Investments
Vita Green Impact Fund, Vita
.
Private with Negative Screens
Private Real Estate Portfolio – American Realty Advisors

Public Security Investments Strategy, Portfolios, and Managers

The Franciscan Sisters of Mary manage their public securities portfolios with a disciplined strategy guided by Modern Portfolio Theory, emphasizing diversification to achieve a prudent balance of risk and return within a conservative to moderate risk tolerance. The core portfolio is composed of institutional-quality, market rate public securities that serve to meet both the financial and mission-related objectives of the Congregation. Asset allocation targets are optimized to maintain safety, provide liquidity for operational needs, and generate a desired rate of return. Strategic rebalancing is prompted when asset class exposures drift outside defined thresholds to ensure alignment with investment objectives.

Equities within the core portfolio are managed using a customized indexing approach,
allowing FSM to gain broad market exposure while applying social responsibility guidelines
rooted in Catholic and Franciscan values. This passive investment method integrates both
positive and negative screening criteria—favoring companies with strong ESG performance
and excluding those misaligned with FSM’s mission. By using customized passive strategies
rather than traditional active management, FSM achieves cost efficiency and transparency
while maintaining alignment between its investment practices and its mission of
compassionate care of creation.

● Four Customized Index Equity Portfolios (Positive and Negative Screens) – Managed
by Aperio by Blackrock
● One Core Fixed Income Portfolio (Positive and Negative Screens) – Managed by Nuveen
● One Intermediate Fixed Income Portfolio (Negative Screen and Impact)– Managed by Community Capital Management