A substantial majority of index changes are attributable to corporate actions occurring throughout the year. KLD removes companies on a discretionary basis from time to time, either for concerns related to exclusionary screens or for problematic ESG or Catholic values performance.

KLD Research & Analytics created the CV400 in 1998 as a custom index. KLD recently had the opportunity to make it broadly available, and in 2007 KLD implemented new guidelines and relaunched the index as a benchmark for Catholic investors.

KLD maintains the Index at 400 companies at all times. Additions are made at the same time as removals.

The CV400 is based on KLD’s Domini 400 SocialSM Index with additional screens for Catholic Values set forth in the United States Conference of Catholic Bishops’ Socially Responsible Investment Guidelines (USCCB SRI Guidelines). For more details please see the Methodology section of this website.

The Index Committee maintains the Index at 400 companies at all times, adding a company at the same time that another is removed. Companies may be removed from the CV400 due to corporate actions, involvement in business activities that violate Catholic teachings or poor ESG performance. KLD endeavors to keep turnover on the Index at a rate consistent with turnover on the S&P 500.

KLD Indexes is an independent index provider and does not manage any funds or money. However, KLD Indexes are licensed as investable products for individuals and institutions. The CV400 is currently not licensed as an investable product. KLD looks forward to licensing the Index so individual and institutional investors have the opportunity to invest in companies whose business is aligned with the moral and social teachings of the church.

Turnover or sales revenue is the (total) amount of money generated by your business, not just the profit.

KLD provides advance notification of additions to or removals from its indexes to index licensees. KLD publishes prior month changes on www.KLDIndexes.com in the middle of every month. Please contact indexes@kld.com for more information.

In the summer, the lake "stratifies" or develops layers of different temperatures that do not mix. Perhaps you've noticed the effect? have you ever kicked into a cooler layer while swimming at the warm surface? As fall nights chill the lake's surface, the top layer of water cools, becomes heavier, and eventually sinks. Water that was at the bottom of the lake is displaced? it rises to the top, bringing with it lots of bottom nutrients.

We have found that most employees want to perform well at their jobs but lack the skills and confidence to do so. When supported by management, a structured training initiative shows that the company is committed to its employees and will undoubtedly increase their morale and loyalty.

The CV400’s universe is the S&P 500 and Russell 3000, covering 98% of the U.S. equity market. 

Companies must have a minimum market capitalization of $200 million to be added to the index. However, KLD does not automatically remove a company from the index if its market capitalization drops below $200 million.

Companies involved in certain types of business activities are automatically disqualified from consideration for the CV400. These include tobacco, abortion, contraceptive products, fetal/embryonic stem cell research and human cloning. Companies with significant involvement in other industries are also disqualified from consideration. These include alcohol, military weapons, firearms, gambling and pornography.

Yes. The CV400 contains 400 U.S. companies that pass ESG screens and reflect the general market behavior of stocks of the average Catholic investor. The CV400 is not meant to be the 400 best companies nor is it the only 400 companies that meet the ESG performance or United States Conference of Catholic Bishops’ Socially Responsible Investment Guidelines (USCCB SRI Guidelines) criteria.

Arbitrator Altman has already determined that "Any employees who have been displaced as a result of their NTE status shall be reinstated retroactively with back pay, benefits and interest, as required under the Back Pay Act." DFAS-Charleston will calculate the amount.

Turnover is the money paid or payable to the Insured for goods sold and delivered and for services rendered in the course of business at the premises.

In the child care industry nationwide, the employee turnover rate is about 33%. Here at St Luke, we consistently maintain a staff of about 22 individuals with an average stay of approximately four years. Most of our staff is employed part time (about 20 hours wkly) and are students. This impacts turnover rates at the Center.