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IFA launches Catholic values target date and risk-based funds


Investing for Catholics (IFC), a division of wealth management firm, Index Fund Advisors (IFA), has launched two new funds aimed at Catholic investors who want to align their retirement investment strategies with their ethical values.

IFC debuted the the IFC Target Date and IFC Risk-Based Collective Funds at the annual Catholic Diocesan Fiscal Managers Conference (DFMC) in Atlanta, fresh on the heels of Pope Francis' historic visit to the United States.
"The IFC Target Date funds are thoughtfully designed to invoke the simplicity of low-cost, easy-to-use managed solutions, with one major differentiator – the stock funds used in the IFC funds closely match the guidelines for socially responsible investing as laid out by the United States Conference of Catholic Bishops (USCCB)," says IFC Vice President, Mary Brunson (pictured). "This distinction makes the funds an excellent default investment for plans, and marks a significant advancement for Catholic retirement".
The IFC Risk-based Funds are designed to complement the Target Date Fund lineup, while providing a suitable investment alternative for Catholic defined benefit plans. The funds are available for investment by eligible qualified retirement plan trusts only. These include 403(b) church plans.
"Index Fund Advisors is proud to offer these new Target Date Funds, through our Investing for Catholics division," says Mark Hebner, President and CEO of Index Fund Advisors. "The fiduciary standard of care that IFA is known for and the values-based investing products that IFC offers are fully aligned with one another in terms of delivering what's ethically in the best interest of our clients."
IFC developed the daily valued funds in collaboration with their trustee and sponsor Hand Benefits & Trust, a BPAS Company, and based them on IFC's prudent and socially responsible investment strategies. The new funds are scheduled to go live on 1 January, 2016, and will be accessible to employees of Catholic organisations through their retirement platforms. Reporting for quarterly holdings and monthly performance returns will be available through Morningstar.

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