| CUIT International Equity Fund |
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Investment Objective
The CUIT International Equity Fund seeks long-term capital appreciation.
Investment Type
Invests in 150-200 securities of leading companies located primarily in developed foreign markets, which exhibit strong growth prospects and which are perceived to be undervalued on a fundamental basis.
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 International Equity Fund.
Strategy
Stocks will generally be above $1.5 billion in market capitalization, and will be selected based upon two complementary styles of investing: 1) a concentrated, low turnover approach of investing in regional and global leaders in industries with high and sustainable earnings and 2) a more diversified portfolio of intrinsically undervalued companies with strong management and sustainability of earnings. For the entire fund portfolio, emphasis is placed on individual stock research and selection. Up to 15% of the portfolio can be invested in emerging markets.
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 International Equity Fund is a long-term investment and is expected to fluctuate over the short term. The potential investment return of this fund may be slightly higher than the return of the U.S. equity market over time as a result of perceived greater market inefficiencies. The index used in evaluating the performance of this fund is the Morgan Stanley Capital International (MSCI), Europe, Australasia, Far East (EAFE) Index.
Comparison to Other CBIS Funds
The International Equity Fund is an aggressive investment. This fund serves a complementary role to other CBIS equity investment options.
Minimum Investment
Class A: $25,000 minimum initial investment
Class B: $5 million
$1,000 minimum subsequent investment.
Trust Management Fees
Class A: 1.40% - effective January 1, 2003
Class B: 1.00% |
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