Long-term capital appreciation by attempting to replicate the performance of the S&P SmallCap 600 Index, a commonly used index of domestic small-capitalization stocks.
Closely track the benchmark Index, while seeking replacements for screened stocks among companies with similar market capitalizations in the same or a related industry. The Fund’s share price closely tracks the performance of the S&P SmallCap 600 Index.
|Benchmark||S&P SmallCap 600 Index|
|Fund Inception Date||December 29, 2006|
|Mimimum Investment||Class A: No minimum; Class B: $3 million|
|Expense Ratio||Class A: 0.58%; Class B: 0.29%|
Effective November 1, 2017, the benchmark for the CUIT Small Cap Equity Index Fund was changed to the S&P SmallCap 600 Index. For periods prior to November 1, 2017, the benchmark was the Russell 2000 Index.
The S&P SmallCap 600 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 Small Capitalization 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 SmallCap 600 Index.
Annual Average Total Returns
(%) as of 03/31/2020
|Trailing||3 Months||1 Year||3 Years||5 Years||10 Years|
|CUIT Small Capitalization Equity Index Fund Class A||-32.68||-26.13||-5.66||-1.10||6.14|
|CUIT Small Capitalization Equity Index Fund Class B||-32.62||-25.94||-5.38||-0.81||6.46|
|S&P SmallCap 600 Index §||-32.64||-25.89||-5.23||-0.62||6.70|
|CUIT Small Capitalization Equity Index Fund Class A||22.24||-8.90||14.43||20.60||-4.75||4.46|
|CUIT Small Capitalization Equity Index Fund Class B||22.58||-8.63||14.81||20.97||-4.53||4.81|
|S&P SmallCap 600 Index §||22.78||-8.48||15.22||21.31||-4.41||4.90|
Source: BNY Mellon, SS&C
Characteristics as of 03/31/2020
|Weighted Median Market Cap||$1.4B||$1.4B|
|Return on Equity||9.4%||9.4%|
|5-year Earnings Growth||10.7%||10.5%|
|10 Largest Holdings||6.4%||6.4%|
|# of Equity Securities||595||601|
|Market Sector Analysis||Fund||Index|
|Top Ten Holdings||%|
|LHC Group, Inc.||0.8|
|Cogent Communications Holdings, Inc.||0.6|
|Momenta Pharmaceuticals, Inc.||0.6|
|Strategic Education, Inc.||0.6|
|Community Bank System, Inc.||0.6|
|American States Water Company||0.6|
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