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COLUMBIA: Are KoCAA investments available to individuals as well as institutions? MINOPOLI: Investments are currently available to institutions, including dioceses, parishes, schools, religious orders and hospitals. Later this year, we plan to begin COLUMBIA: Over the past five offering our mutual funds to indiyears, how has KoCAA grown and vidual Knights, their families and — Mother Agnes Mary Donovan, developed? other investors through the Order’s General Superior of the Sisters of Life MINOPOLI: We began trading six well-established field force. mutual funds in 2015 with seed We firmly believe that our mucapital from the General Account tual fund family can complement and some of the Knights of the excellent annuity program that Columbus charitable entities. By the Knights has had for many the end of 2019, we had grown to nearly $800 million across years. For example, a member will be able to meet with his nine strategies, including active and passive equity, fixed in- field agent to talk about life insurance and long-term care, come, global real estate, and long/short equity funds. With and also discuss other retirement investment needs. A blend the acquisition of the institutional business of Boston Advi- of guaranteed income from our fixed annuities can meld well sors, our equity subadvisor, in late 2019, new products and with the potential growth of our mutual funds as the member relationships have added $1.6 billion in assets to KoCAA. ages through retirement. We have more than 300 discrete shareholders in the mutual The Knights of Columbus remains first a protection comfunds, and about 60 more in other strategies. We are honored pany focused on life insurance, long-term care, disability and to have been entrusted with assets from more than two dozen annuity needs for our members and families. However, we dioceses, roughly 15 religious orders, and perhaps most proudly, also recognize the need for investment vehicles and hope to more than 100 state and local Knights of Columbus councils. make Catholic investments available to all. of the Knights of Columbus — enhance the charitable mission of the Order. We seek to provide not only strong performance and competitive fees, but also compliance with Catholic teachings and support for charitable causes and the Church.
24 ♌ C O L U M B I A ♌
MARCH 2020
“John Cardinal O’Connor founded the Sisters of Life nearly 30 years ago to protect and enhance the sacredness of human life. As our community grows, Knights of Columbus Asset Advisors ensures that we do not invest in companies that advance a culture of death, so that we can focus on our mission to build a new culture of life.�