Objective

Long-term capital appreciation

Strategy

The Magnus 75/25 Fund has a target allocation of 75% of capital to five CUIT funds invested in return-seeking asset classes and 25% 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 75/25 Fund.

RISK-REDUCING
25.00%
CUIT Short Bond
6.25%
CUIT Opportunistic Bond
6.25%
CUIT Intermediate Diversified Bond
12.50%
RETURN SEEKING
75.00%
CUIT Value Equity
7.50%
CUIT Growth Equity
7.50%
CUIT Core Index Equity
30.00%
CUIT Small Cap Index Equity
11.25%
CUIT International Equity
18.75%
Fund Facts
Blended Benchmark
  • Bloomberg Barclays Aggregate Bond Index 25.00%
  • Russell 3000 Index 56.25%
  • MSCI All Country World Index ex US 18.75%
Fund Inception Date July 2, 2018
Mimimum Investment Class A: No minimum and Class B: $25 million
Expense Ratio Class A: 0.65%; Class B: 0.45%

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 06/30/2019

Equity Statistics
  Fund Index
Statistics Fund Index
Weighted Median Market Cap $42.8B $57.5B
Price/Book 2.4x 2.4x
Price/Earnings 18.9x 18.4x
Return on Equity 19.7% 19.1%
5-year Earnings Growth 13.4% 12.5%
Beta 1.1% 1.0%
Active Share 43.9 N/A
# of Securities 1,594 5,157
Equity Market Sector Analysis %
  Fund Index
Communication Services 8.5 8.6
Consumer Discretionary 11.6 10.6
Consumer Staples 6.8 7.3
Energy 4.8 5.3
Financials 15.7 15.7
Health care 10.7 12.6
Industrials 11.5 10.6
Information Technology 20.2 18.2
Materials 4.0 4.2
Real Estate 3.0 3.8
Utilities 2.2 3.3
Cash 1.2 0.0
Fixed Income Market Sector Analysis %
  Fund Index
Treasuries 23.3 39.3
Agencies 2.4 2.6
Industrials 17.5 15.3
Finance 15.0 8.0
Utilities 1.7 1.8
Supranational 0.0 1.4
Sovereign 0.0 1.0
MBS 10.7 27.3
CMO 1.1 0.0
CMBS 11.7 2.0
ABS 11.7 0.5
Municipals 1.6 0.9
Covered Bonds 0.0 0.0
Merger/Arbitrage 2.0 0.0
Cash 1.3 0.0
Fixed Income Statistics
  Fund Index
Statistics Fund Index
Average Maturity (years) 5.7 7.9
Effective Duration (years) 4.0 5.7
Average Quality A+ AA
Yield-to-Maturity 2.8 2.5
Current Yield 3.3 3.1
# of Securities 1,100 10,493
Effective Duration %
  Fund Index
<1 Year 18.7 2.3
1-3 Years 32.0 32.3
3-5 Years 25.8 31.2
5-7 Years 7.5 11.5
7-10 Years 8.1 6.9
10-20 Years 7.9 15.0
>20 Years 0.0 0.8
Credit Quality %
  Fund Index
AAA 50.5 72.3
AA 5.8 3.3
A 15.2 10.4
BBB 21.6 13.0
Below BBB 3.7 1.0
Merger/Arbitrage 2.0 0.0
Cash 1.3 0.0
Please review our important disclosures.