Aquinas Investment Advisers of Dallas is hoping to persuade investors to make some changes to its four mutual funds. The changes are all aimed at expanding the now $200 million socially-responsible fund family which is managed according to screens based on Catholic values. Aquinas is a subsidiary of The Catholic Foundation, a registered investment adviser that manages money for religious groups.
In a preliminary proxy statement filed with the SEC on August 25, Aquinas is asking shareholders of all four no-load funds to approve the installation of a 25 basis point 12b-1 distribution and service program. It is also seeking approval of a new management agreement for one of the four funds - the $24 million small-cap fund. In late July, the funds' board approved shifting the fund from a balanced to a small-cap fund.