Preserve capital, provide current income and maintain liquidity.
Liquidity will be maintained by investing in highly rated securities with short maturities and by constraining the average portfolio maturity to less than 90 days; credit and default risk are further minimized by diversifying among issuers; the Fund attempts to maintain a stable net asset value of $1.00 per unit.
|Benchmark||Bloomberg Barclays U.S. Short Treasury Bills (1-3M) Index|
|Fund Inception Date||January 1, 1985 (renamed from RCT Money Market Fund on June 30, 2006)|
|Mimimum Investment||No minimum investment required|
|Expense Ratio||0.35% (reflects partial waiver of the Trust Management Fee)|
Effective April 1, 2017, the benchmark for the CUIT Money Market Fund was changed to the Bloomberg Barclays U.S. Short Treasury Bills (1-3 Month) Index. For periods prior to April 1, 2017, the applicable benchmark was the Merrill Lynch 91-Day Treasury Bill Index.
Annual Average Total Returns
(%) as of 03/31/2020
|Trailing||3 Months||1 Year||3 Years||5 Years||10 Years|
|CUIT Money Market Fund +||0.36||1.97||1.68||1.11||0.56|
|Bloomberg Barclays U.S. Short T-Bills (1-3M) Index ±||0.47||2.08||1.74||1.14||0.61|
|CUIT Money Market Fund +||2.20||1.74||0.93||0.31||0.02||0.05|
|Bloomberg Barclays US Short Treasury - Bills (1-3M) Index±||2.21||1.82||0.81||0.33||0.05||0.04|
Source: BNY Mellon, SS&C
+ The CUIT Money Market Fund changed its investment approach from overnight repurchase agreements, to actively managed effective 8/1/01.
± Effective April 1, 2017, the benchmark for the CUIT Money Market Fund was changed to the Bloomberg Barclays U.S. Short Treasury Bills (1-3 Month) Index. For periods prior to April 1, 2017, the applicable benchmark was the Merrill Lynch 91-Day Treasury Bill Index.
Characteristics as of 03/31/2020
|Effective Duration (Yrs)||0.3||0.1|
|0 to 7 Days||16.6|
|8 to 29 Days||14.4|
|30 to 59 Days||29.5|
|60 to 89 Days||12.0|
|90 to 179 Days||18.1|
|180 and Over||9.4|
|Market Sector Analysis||Fund||Index|
|U.S. Government & Agencies||31.1||100.0|
|Certificates of Deposit||8.7||0.0|
|A-1+ or higher||82.4||100.0|
|Less than A-1||1.4||0.0|
Credit Quality: Cash is included in A-1+ or higher
Maturity Distribution: Cash is included in 0 to 7 Days
Fund Fact SheetPDF