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
33.75%
CUIT Small Cap Index Equity
7.50%
CUIT International Equity
15.00%
CUIT International Small Cap Equity
3.75%
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: 0.67%; Class B: 0.47%

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 03/31/2020

Equity Statistics
  Fund Index
Statistics Fund Index
Weighted Median Market Cap $43.2B $59.9B
Price/Book 1.9x 2.0x
Price/Earnings 15.5x 15.7x
Return on Equity 20.8% 20.3%
Dividend Yield 2.3% 2.6%
5-year Earnings Growth 15.9% 15.2%
Beta 1.0 0.0
Active Share 42.8 N/A
# of Securities 1,537 5,385
Fund Size $160.3 MM
Equity Market Sector Analysis %
  Fund Index
Communication Services 8.7 9.2
Consumer Discretionary 11.2 10.5
Consumer Staples 7.2 7.9
Energy 2.3 3.1
Financials 13.5 13.4
Health care 12.1 14.4
Industrials 11.2 9.6
Information Technology 22.9 20.9
Materials 3.8 3.7
Real Estate 3.0 3.7
Utilities 2.4 3.6
Cash 1.8 0.0
Fixed Income Market Sector Analysis %
  Fund Index
Treasuries 15.4 41.8
Agencies 1.7 2.5
Industrials 19.1 14.1
Finance 17.9 7.5
Utilities 1.6 1.8
Supranational 0.0 1.4
Sovereign 0.0 1.0
MBS 16.2 26.6
CMO 1.1 0.0
CMBS 11.0 2.1
ABS 8.9 0.4
Municipals 1.2 0.9
Covered Bonds 0.0 0.0
Merger/Arbitrage 2.3 0.0
Cash 3.4 0.0
Fixed Income Statistics
  Fund Index
Statistics Fund Index
Average Maturity (years) 7.6 7.6
Effective Duration (years) 5.0 5.6
Average Quality A+ AA
Yield-to-Maturity 3.2 1.6
Current Yield 3.5 2.4
# of Securities 1,148 11,152
Effective Duration %
  Fund Index
<1 Year 13.2 7.8
1-3 Years 37.3 39.8
3-5 Years 20.7 17.4
5-7 Years 5.7 10.6
7-10 Years 8.8 7.0
10-20 Years 12.2 13.1
>20 Years 2.1 4.2
Credit Quality %
  Fund Index
AAA 47.6 73.8
AA 5.0 3.3
A 20.2 10.5
BBB 22.2 12.1
Below BBB 5.0 0.3

 

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

Please review our important disclosures.