Objective

Long-term capital appreciation

Strategy

The Magnus ®60/40 Alpha Plus Fund has a target allocation of 60% of capital to five CUIT funds invested in return-seeking asset classes and 40% of capital to three CUIT funds invested in risk-reducing asset classes. Five of the eight underlying CUIT funds employ multiple managers as sub-advisers. These managers are chosen for their expertise and complementary styles. CBIS allocates a separate strategic share of investment capital to each manager with the objective of improving the risk-adjusted returns for each of the CUIT funds and in turn, the Magnus ®60/40 Alpha Plus Fund.

RISK-REDUCING
40.00%
CUIT Short Bond
10.00%
CUIT Opportunistic Bond
10.00%
CUIT Intermediate Diversified Bond
20.00%
RETURN-SEEKING
60%
CUIT Value Equity
12.00%
CUIT Growth Equity
12.00%
CUIT Core Index Equity
15.00%
CUIT Small Cap Index Equity
6.00%
CUIT International Equity
12.00%
CUIT International Small Cap Equity
3.00%
Fund Facts
Blended Benchmark
  • Bloomberg Barclays Aggregate Bond Index 40.00%
  • Russell 3000 Index 45.00%
  • MSCI All Country World Index ex US 15.00%
Fund Inception Date July 2, 2018
Mimimum Investment Class A: No minimum and Class B: $25 million
Expense Ratio Class A: 0.71%; Class B: 0.54%

Magnus® Fees

CBIS has voluntarily agreed to waive its fees and/or reimburse expenses as necessary to prevent the total expense ratio of each of the Funds from exceeding the Total Expense Ratio (as defined in the footnote below) for each Fund, respectively. This information is presented in this manner, as compared to the CUIT Fund Series Offering Memorandum, because each Fund is a “fund-of-funds” with a single Total Expense Ratio (as defined in the footnote below). Each Fund, as a “fund-of-funds,” bears a proportionate share of the expenses incurred by the Underlying Funds in which it invests; this proportionate share is included in the Total Expense Ratio (as defined in the footnote below) disclosed above.

Total Expense Ratio, which is borne by the Funds and all the classes thereof, includes: the management fee paid to CBIS pursuant to the management contract between CUIT and CBIS; costs associated with the holding of Board meetings; expenses relating to the issuance, registration, and qualification of Shares of the Funds in the appropriate states (so-called blue sky registrations); fees and expenses of the custodian; auditing fees; fees and expenses of legal counsel; license fees paid to providers of investment indices; expenses related to transfer agency, shareholder servicing and fund accounting; broker’s commissions and issue and transfer taxes charged in connection with securities transactions of the Funds; the proportionate shares of the expenses incurred by the Underlying Funds in which the Funds invest; and fees associated with the benchmark indices and performance analytics software used to assess Fund performance.

Characteristics as of 06/30/2020

Equity Statistics
  Fund Index
Weighted Median Market Cap $65.2B $67.6B
Price/Book 2.6x 2.5x
Price/Earnings 20.4x 20.3x
Return on Equity 22.0% 20.0%
Dividend Yield 1.9% 2.2%
5-year Earnings Growth 17.4% 16.0%
Beta 1.0 0.0
Active Share 38.1 N/A
# of Securities 1,499 5,378
Fund Size $799.6 MM
Equity Market Sector Analysis %
  Fund Index
Communication Services 9.4 9.3
Consumer Discretionary 12.4 11.6
Consumer Staples 6.7 7.2
Energy 2.5 3.2
Financials 11.8 12.4
Health care 11.9 13.8
Industrials 10.1 9.4
Information Technology 25.5 22.7
Materials 3.9 3.9
Real Estate 2.4 3.4
Utilities 2.2 3.1
Cash 1.3 0.0
Fixed Income Market Sector Analysis %
  Fund Index
Treasuries 18.8 37.2
Agencies 2.4 2.4
Industrials 22.5 16.9
Finance 16.4 8.4
Utilities 2.0 2.1
Supranational 0.0 1.4
Sovereign 0.0 1.1
MBS 12.5 26.8
CMO 1.8 0.0
CMBS 8.4 2.2
ABS 8.4 0.4
Municipals 1.2 1.0
Covered Bonds 0.0 0.0
Merger/Arbitrage 2.7 0.0
Cash 2.9 0.0
Fixed Income Statistics
  Fund Index
Average Maturity (years) 7.9 8.0
Effective Duration (years) 5.0 6.0
Average Quality A+ AA
Yield-to-Maturity 2.2% 1.3%
Current Yield 3.2% 2.2%
# of Securities 1,189 11,609
Effective Duration %
  Fund Index
<1 Year 18.7 7.1
1-3 Years 31.3 33.9
3-5 Years 18.2 22.7
5-7 Years 6.5 10.5
7-10 Years 9.7 7.4
10-20 Years 14.7 13.8
>20 Years 0.9 4.5
Credit Quality %
  Fund Index
AAA 43.8 69.8
AA 5.6 3.6
A 18.6 12.4
BBB 25.7 14.3
Below BBB 6.3 0.0

 

Source: FactSet
Credit Quality: Cash is included in AAA
Effective Duration: Cash is included in <1 Year

Please review our important disclosures.