Objective
Replicate as closely as possible, before expenses, the performance of the S&P500® Index
Strategy
Counter the impact of screens by overweighting select holdings so that the Fund’s broad quantitative characteristics match those of the S&P 500 as closely as possible
| Fund Facts | |
|---|---|
| Asset Manager |
|
| Benchmark | S&P500® |
| Blended Benchmark | – |
| Fund Inception Date | 2/1/1995 |
| Mimimum Investment | $3M |
| Expense Ratio | Class A: 1.06%; Class B: 0.71% |
Additional Facts
Fee waivers and reimbursements are contractual and in effect until 02/28/25.
Annual Average Total Returns
(%) as of
| Trailing | 3 Months | 1 Year | 3 Years | 5 Years | 10 Years |
|---|---|---|---|---|---|
| CRQSX (Inception Date: 2/1/1995) | 10.50 | 29.97 | 15.18 | 13.14 | |
| S&P500® | 10.56 | 29.88 | 15.05 | 12.96 | |
| Russell 1000 | 9.78 | 26.45 | 26.21 | 18.43 | 16.54 |
| Calendar Year | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|
| CUIT Value Equity Fund Class A | 23.06 | -11.58 | 16.53 | 13.98 | -3.58 | 9.57 |
| CUIT Value Equity Fund Class B | 23.5 | -11.27 | 16.96 | 14.41 | -3.26 | 9.97 |
| Russell 1000 Value Index | 26.54 | -8.27 | 13.66 | 17.34 | -3.83 | 13.45 |
- Returns are presented net of fees and include the reinvestment of income and past performance is not indicative of future results. Net of fees includes management fees, operating expenses, and fee reductions and/or expense reimbursements. See the fund prospectus for additional information.
- Since inception performance for each benchmark index is calculated based on the inception date of each corresponding Fund share class and reflects no deduction for fees, expenses or taxes.
- Performance data quoted represents past performance and does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth less than their original cost and current performance may be higher or lower that the performance quoted. For performance current to the most recent month end, please call 1-866-348-6466.
- Indices are unmanaged and do not include the effect of fees. One cannot invest in an index.
- Performance data shown prior to 12/03/2021 is that of the funds of the Catholic United Investment Trust (the “Predecessor Funds”). The Predecessor Funds were managed by the Adviser using investment objectives, strategies, policies and restrictions that were in all material respects equivalent. The performance information has been adjusted to reflect Fund expenses which may result in higher or lower performance.
Characteristics as of 03/31/2024
Source: FactSet, eVestment
The securities identified and described do not represent all of the securities purchased, sold or recommended for investor accounts. The reader should not assume that an investment in the securities identified was or will be profitable. For a complete list of securities offered during the period, please contact CBIS.
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Q4 2020 Performance Review
12-Month Review
- Stock selection was the primary driver of outperformance with positive relative results in Communication Services and Information Technology driving overall fund underperformance. Sector allocation had a slight negative effect due to overweights to underperforming sectors such as Energy and Financials.
- Energy has been a consistent overweight in the portfolio for some time and the same holdings have been positive contributors in some quarters and detractors in others.
- Most of the detractors in Health Care are on the restricted list and cannot be owned in the portfolio.
3-Month Review
- Both sector allocation and stock selection contributed to outperformance.
- Underweight to the underperforming sectors (Consumer Staples, Utilities) and overweight to the best performing sectors (Financials, Energy) were responsible for the position sector allocation effect.
- Financials holdings provided the strongest positive contribution.
- Stock selection in Health Care was another strong positive contributor, but in this sector, not holding a number of names due to restrictions was the primary reason for the positive impact.
- In Industrials, which detracted from relative performance, it was also the case that not holding certain names was the main reason for the negative impact.
Current Positioning
- Positioning generally does not change much quarter to quarter or even annually in terms of sector exposures and other portfolio characteristics.
- Overweights in Communications Services, Information Technology, and Financials are consistent with in recent quarters — as are the underweights to Health Care, Consumer Staples, Real Estate, and Utilities.
All attribution is based on gross portfolio performance.