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Who manages the Fund?

April 26, 2017fund manages

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Who manages the Fund?

2 Answers

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MCCF contracts with the Northland Institute, a Minnesota nonprofit corporation, to provide all necessary fund management services. Since MCCF has no full-time staff, most expenses are related directly the level of Fund loan activity.

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The Catholic Communal Fund fixed income investments are professionally managed by Hudson Canyon Investment Counselors LLC. Funds allocated to equity are invested in the FMC Select Fund, a mutual fund that seeks total return principally through capital appreciation and to a limited degree through current income, and in the FMC Strategic Value Fund, a mutual fund that seeks long term capital appreciation. Both Funds are advised by First Manhattan Co. Fees, Policies & Procedures.