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Investment Objective
The CUIT Balanced Fund seeks capital appreciation and current income.
Investment Type
Invests in the stocks of large U.S. companies perceived to be undervalued, corporate, U.S. government and agency bonds and mortgage-backed securities. Equity holdings are diversified across industry sectors, and fixed income instruments are rated at least "BBB" or its equivalent.
Fund Trust
The Catholic United Investment Trust (CUIT) was founded in 1983 as a not-for-profit trust with an independent Board of Trustees and engages CBIS to advise on and administer the Balanced Fund.
Strategy
The investment managers' strategy is to invest in both stocks and bonds, maintaining on average a 60% equity and 40% fixed income allocation. In the equity portion of the portfolio, managers invest in large-capitalization, high-quality companies that sell at reasonable prices relative to their future earnings potential. In the fixed income portion of the portfolio, managers combine economic and fundamental research to capture inefficiencies across the yield curve and in the valuation of market sectors and securities.
Socially Responsible Investing
CBIS' goal is to reflect the basic beliefs shared by our Participants by virtue of their adherence to Catholic moral teachings. All investments offered through CBIS are guided by the Socially Responsible Investment principles outlined in our commitment paper "Commitment to Socially Responsible Investing."
Investment Return
The Balanced Fund is a long-term investment and its share value is expected to fluctuate. The total return of the fund will be affected by the performance of broad equity markets and changes in the U.S. interest rates. The indices used in evaluating the performance of this fund are 60% S&P 500 Index, 40% Barclays Aggregate Bond Index.
Comparison to Other CBIS Funds
The Balanced Fund is a moderate-risk investment with less risk and potential return than the aggressive funds, but more risk and potential return than the conservative funds. It is the least aggressive of the funds in the moderate category.
Minimum Investment
$25,000 minimum initial investment.
$1,000 minimum subsequent investment.
Trust Management Fees
.80% - effective January 1, 2003
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