Preserve capital while providing current income in excess of cash market yields with moderate emphasis on capital appreciation.
Focuses on sector allocation and security selection, coupled with a top-down macroeconomic risk management process; aimed at minimizing downside risk while maximizing income potential.
|Benchmark||Bloomberg Barclays 1-3 Year Treasury Index|
|Fund Inception Date||January 1, 1985|
|Mimimum Investment||No minimum investment required|
The Fund’s benchmark was changed to the Barclays Capital 1-3 Year Treasury Index effective July 1, 2016. The benchmark performance shown reflects the linked performance of the following benchmarks for each applicable period: ML 1-3 Yr Treasury Index effective 7/1/01; ML 1-5 Yr G/C Index effective 4/1/98; 50% LB Intermediate Government /50% LB 1-3 Yr Government effective 5/1/96; LB 1-3 Yr Government in prior periods.
Annual Average Total Returns
(%) as of 06/30/2020
|Trailing||3 Months||1 Year||3 Years||5 Years||10 Years|
|CUIT Short Bond Fund||2.51||3.25||2.68||2.25||2.06|
|Bloomberg Barclays 1-3 Year Treasury Index**||0.25||4.14||2.70||1.86||1.34|
|CUIT Short Bond Fund||4.14||1.41||1.71||1.99||0.81||1.37|
|Bloomberg Barclays 1-3 Year Treasury Index**||3.59||1.56||0.42||0.86||0.54||0.62|
Source: BNY Mellon, SS&C
** Effective July 1, 2016, the benchmark for the CUIT Short Bond Fund (SBF) was changed to the Bloomberg Barclays 1-3 Year Treasury Index. For periods prior to July 1, 2016, the applicable benchmarks were: ML 1-3 Yr Treasury Index effective 7/1/01; ML 1-5 Yr G/C Index effective 4/1/98; 50% LB Intermediate Government /50% LB 1-3 Yr Government effective 5/1/96; LB 1-3 Yr Government in prior periods. The benchmark performance shown for SBF in this presentation reflects the linked performance of these benchmarks for each applicable period.
Characteristics as of 06/30/2020
|Average Maturity (Yrs)||2.2||1.9|
|Effective Duration (Yrs)||1.9||1.9|
|# of Securities||229||94|
|< 1 Year||24.9||3.6|
|1 - 3 Years||59.5||96.4|
|3 - 5 Years||14.1||0.0|
|> 20 years||0.0||0.0|
|Market Sector Analysis||Fund||Index|
|Treasury and Gov’t Related||28.3||100.0|
Source: FactSet, eVestment
Credit Quality: Cash is included in AAA
Effective Duration: Cash is included in <1 Year
Fund Fact SheetPDF