Global X S&P 500 Catholic Values Custom ETF

Global X S&P 500 Catholic Values Custom ETF (CATH) is an index fund that owns S&P 500 companies left after removing businesses tied to activities the US Conference of Catholic Bishops' investment guidelines oppose. These include abortion, contraceptives, military contracting and gambling. It then reweights the remaining stocks so its sector mix matches the S&P 500's. The trade-off is cost: its 0.29% expense ratio is the highest among similar funds, which average 0.08%.

• Over the year to Oct 27, 2026, CATH returned +10.8%, 9th of 9 among similar funds.
• Its 5-year annualized return was +11.3% and its 10-year +14.8%.
• In the 2020 COVID crash it fell 34% and regained its old high 4.5 months after the low.
• Its worst full calendar year was 2022 (-20.0%); its best was 2019 (+30.6%).
• The deepest fall in its price history was 34% (Feb 19, 2020 to Mar 23, 2020), recovered by Aug 6, 2020.

As of Jul 31, 2026, the fund held 445 securities; the ten largest made up 39.18% of assets.

By sector

• Over the three months to Jul 31, 2026, investors added a net $141.4M (creations minus redemptions, per the N-PORT report).
• Monthly total returns reported for that quarter: +0.33%, -1.47%, +4.30%.

CATH tracks the S&P 500 Catholic Values Index, which is run by Standard & Poor's Financial Services LLC. The index starts with the S&P 500. It then removes companies whose activities conflict with the Socially Responsible Investment Guidelines of the United States Conference of Catholic Bishops. As of December 31, 2025, the screens covered abortion, contraceptives, human embryonic stem cells, adult entertainment, controversial weapons, military contracting, gambling, tobacco, cannabis and child labor. That left 445 companies.

Next, the index reweights the remaining companies so its sector exposures match the S&P 500's. As a result, the fund still looks a lot like the broad market. As of July 31, 2026, technology made up 34.8% of the portfolio. NVIDIA (7.9%), Apple (7.4%) and Microsoft (5.6%) were the largest holdings, and the top 10 made up about 39% of assets.

The adviser, Global X Management Company, generally uses replication, which means buying the index's stocks in about the same proportions as the index. It can use a representative sample instead when buying every stock is impractical. The fund doesn't try to beat the index or move to cash in falling markets. It may lend securities worth up to one-third of its total assets. Turnover was 9.79%, which is low. The objective and the index can be changed without a shareholder vote.

• CATH charges 0.29% a year, versus an average of 0.08% for the similar funds below (9th of 9, cheapest first).
• Using the prospectus's standard example, $10,000 invested would cost about $30 in the first year and $368 over 10 years (assuming a 5% annual return).

It holds about 445 large US companies with sector weights matched to the S&P 500, so it can serve as a broad US stock holding for investors who want Catholic values screens.

CATH tends to fall about as far as the broad market. It launched in April 2016, so it has no 2008 record. In the 2020 COVID crash it dropped 34% between February 19 and March 23, 2020, and recovered by August 6, 2020. In the 2022 bear market it fell 26.3%. It took until December 19, 2023, to recover, about 14 months after the October 12, 2022 low. Its worst calendar year was 2022, at -20.05%. Anyone who had to sell shares during those stretches would have locked in losses.

Income is small. The trailing 12-month yield was 0.74% as of October 27, 2026, paid twice a year. The fund costs 0.29% a year, which works out to $368 over ten years on $10,000 in the SEC's standard example. That is well above plain S&P 500 funds. Past results don't predict future ones, and a plan should look at the whole portfolio, not one fund.

Matched by holdings overlap from the latest N-PORT reports.