Objective

Long-term capital appreciation

Strategy

The Magnus 60/40 Beta Plus Fund has a target allocation of 60% of capital to three CUIT funds invested in return-seeking asset classes and 40% of capital to three CUIT funds invested in risk-reducing asset classes. A full 45% of the target allocation of fund capital is to equity index funds. Among the actively managed funds, three of the four employ multiple managers as sub-advisers. 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 Beta Plus Fund.

RISK-REDUCING
40.00%
CUIT Short Bond
10.00%
CUIT Opportunistic Bond
10.00%
CUIT Intermediate Diversified Bond
20.00%
RETURN SEEKING
60.00%
CUIT Core Index Equity
36.00%
CUIT Small Cap Index Equity
9.00%
CUIT International Equity
15.00%
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: 0.54%; Class B: 0.37%

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.

Please review our important disclosures.