Long-term capital appreciation
Track the S&P 500 and 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.
|Benchmark||S&P 500 Index|
|Fund Inception Date||Class A: January 1, 1995; Class B: March 1, 2000|
|Mimimum Investment||Class A: No minimum; Class B: $3 million|
|Expense Ratio||Class A: 0.39%; Class B: 0.19%|
The S&P 500 Index is a product of S&P Dow Jones Indices LLC or its affiliates (“SPDJI”), and has been licensed for use by CBIS. Standard & Poor’s® and S&P® are registered trademarks of Standard & Poor’s Financial Services LLC (“S&P”); Dow Jones® is a registered trademark of Dow Jones Trademark Holdings LLC (“Dow Jones”); and these trademarks have been licensed for use by SPDJI and sublicensed for certain purposes by CBIS. The CUIT Core Equity Index Fund is not sponsored, endorsed, sold or promoted by SPDJI, Dow Jones, S&P, or their respective affiliates and none of such parties make any representation regarding the advisability of investing in such product(s) nor do they have any liability for any errors, omissions, or interruptions of the S&P 500 Index.
Annual Average Total Returns
(%) as of 03/31/2020
|Trailing||3 Months||1 Year||3 Years||5 Years||10 Years|
|CUIT Core Equity Index Fund Class A||-19.75||-6.92||5.35||6.55||10.25|
|CUIT Core Equity Index Fund Class B||-19.71||-6.72||5.57||6.77||10.47|
|S&P 500 Index||-19.60||-6.98||5.10||6.73||10.53|
|CUIT Core Equity Index Fund Class A||32.05||-4.62||22.64||11.27||0.29||13.99|
|CUIT Core Equity Index Fund Class B||32.33||-4.42||22.87||11.51||0.50||14.19|
|Standard & Poor's 500 Index ++||31.49||-4.38||21.83||11.96||1.38||13.69|
Source: BNY Mellon, SS&C
++ “S&P 500” is a registered trademark of McGraw-Hill Companies, Inc. (“McGraw-Hill”). The CUIT Core Equity Index Fund is not sponsored, endorsed, sold or promoted by Standard & Poor’s and Standard & Poor’s makes no representation regarding the advisability of investing in the Fund.
Characteristics as of 03/31/2020
|Weighted Median Market Cap||$94.7B||$118.7B|
|Return on Equity||25.7%||25.0%|
|5-year Earnings Growth||18.0%||17.0%|
|10 Largest Holdings||27.7%||25.2%|
|# of Equity Securities||463||505|
|Market Sector Analysis||Fund||Index|
|Top Ten Holdings||%|
|Berkshire Hathaway Inc.||2.2|
|JPMorgan Chase & Co.||1.3|
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.
Fund Fact SheetPDF