The Catholic United Investment Trust (CUIT) 2014 Semiannual Report is now available. The report provides details on the schedule of investments, financial statements, and financial highlights for each of the CUIT Funds for the 6-month period ended 6/30/2014. As you review the report, we hope that you will agree that our performance for the period has been solid across the CUIT product line, providing competitive, risk-adjusted returns. We believe that through our Catholic Responsible Investing™ approach, these returns have helped support your long-term mission while deeply embracing Catholic beliefs. As we look forward, it is our view that you can expect to see increased market volatility that will require a prudent investment approach and rigorous monitoring.