TCUUX: Trust For Credit Unions Ultra-Short Duration Portfolio - MutualFunds.com

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Trust For Credit Unions U-S Dur TCU

TCUUX - Snapshot

Vitals

  • YTD Return 0.5%
  • 3 Yr Annualized Return 1.8%
  • 5 Yr Annualized Return 1.2%
  • Net Assets $1.85 B
  • Holdings in Top 10 16.5%

52 WEEK LOW AND HIGH

$9.43
$9.26
$9.43

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.26%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 25.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $0
  • IRA N/A

Fund Classification


Compare TCUUX to Popular U.S. Ultrashort Bond Duration Funds and ETFs

Overview

Income Profile

Income Risk

Returns Profile

Allocations

Expenses

About

$10.04

0.00%

$21.65 B

1.43%

$0.14

0.10%

-

$110.69

+0.01%

$19.96 B

0.90%

$1.00

0.21%

-

$10.10

0.00%

$17.44 B

1.33%

$0.13

0.40%

-

$10.05

0.00%

$16.42 B

1.54%

$0.15

0.10%

-

TCUUX - Profile

Distributions

  • YTD Total Return 0.5%
  • 3 Yr Annualized Total Return 1.8%
  • 5 Yr Annualized Total Return 1.2%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.39%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Trust For Credit Unions Ultra-Short Duration Portfolio
  • Fund Family Name
    Trust for Credit Unions
  • Inception Date
    Jul 10, 1991
  • Shares Outstanding
    84708229
  • Share Class
    No Load
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Jason Haley

Fund Description

Under normal circumstances, the fund invests substantially all of its assets (and at least 80%, measured at the time of purchase) in fixed-income securities. It is expected that a substantial portion of its assets will be invested in mortgage-related securities. The fund's target duration is approximately that of the ICE BofAML US 3-Month Treasury Bill Index and its maximum duration is that of a One-Year U.S. Treasury Security.


TCUUX - Performance

Return Ranking - Trailing

Period TCUUX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.5% -7.9% 1.8% 21.90%
1 Yr 1.8% -7.9% 3.4% 33.80%
3 Yr 1.8%* -1.2% 2.9% 73.82%
5 Yr 1.2%* 0.3% 3.3% 89.63%
10 Yr 0.7%* 0.0% 2.2% 85.57%

* Annualized

Return Ranking - Calendar

Period TCUUX Return Category Return Low Category Return High Rank in Category (%)
2019 0.1% -0.3% 2.5% 74.36%
2018 -0.7% -2.5% 0.4% 75.00%
2017 -0.4% -1.8% 100.0% 93.42%
2016 -0.3% -1.0% 1.3% 88.89%
2015 -0.3% -2.6% 0.0% 37.50%

Total Return Ranking - Trailing

Period TCUUX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.5% -7.9% 1.8% 21.90%
1 Yr 1.8% -7.9% 3.4% 30.99%
3 Yr 1.8%* -1.2% 2.9% 70.16%
5 Yr 1.2%* 0.3% 3.3% 87.80%
10 Yr 0.7%* 0.0% 2.2% 84.54%

* Annualized

Total Return Ranking - Calendar

Period TCUUX Return Category Return Low Category Return High Rank in Category (%)
2019 0.1% -0.3% 2.5% 74.36%
2018 -0.7% -51.1% 2.0% 79.17%
2017 -0.4% -1.8% 2.7% 94.08%
2016 -0.3% -1.0% 2.9% 88.89%
2015 -0.3% -2.6% 1.9% 45.83%

NAV & Total Return History


TCUUX - Holdings

Concentration Analysis

TCUUX Category Low Category High TCUUX % Rank
Net Assets 1.85 B 24.8 K 21.7 B 42.66%
Number of Holdings 222 1 1804 66.36%
Net Assets in Top 10 312 M -1.5 B 12.2 B 33.64%
Weighting of Top 10 16.49% 0.1% 100.0% 59.72%

Top 10 Holdings

  1. FHLMC CMO 0.47% 2.65%
  2. FHLMC CMO 0.47% 2.22%
  3. Government National Mortgage Association 0.68% 1.75%
  4. FHLMC CMO 0.48% 1.72%
  5. Government National Mortgage Association 0.66% 1.69%
  6. GNMA CMO 0.6% 1.60%
  7. Federal Home Loan Mortgage Corporation 0.67% 1.59%
  8. FHLMC CMO 0.5% 1.59%
  9. Government National Mortgage Association 0.7% 1.36%
  10. Federal Home Loan Mortgage Corporation 0.52% 1.33%

Asset Allocation

Weighting Return Low Return High TCUUX % Rank
Bonds
67.20% 0.00% 100.00% 65.90%
Cash
32.80% -0.14% 100.00% 26.27%
Stocks
0.00% 0.00% 20.31% 85.71%
Preferred Stocks
0.00% 0.00% 0.12% 85.71%
Other
0.00% -9.11% 16.96% 83.41%
Convertible Bonds
0.00% 0.00% 13.88% 95.85%

Bond Sector Breakdown

Weighting Return Low Return High TCUUX % Rank
Securitized
61.19% 0.00% 95.67% 12.90%
Cash & Equivalents
32.80% 0.00% 100.00% 26.73%
Corporate
5.88% 0.00% 99.89% 80.65%
Government
0.12% 0.00% 100.00% 71.89%
Derivative
0.00% 0.00% 17.05% 85.71%
Municipal
0.00% 0.00% 83.27% 94.47%

Bond Geographic Breakdown

Weighting Return Low Return High TCUUX % Rank
US
67.20% 0.00% 100.00% 37.33%
Non US
0.00% 0.00% 70.15% 97.24%

TCUUX - Expenses

Operational Fees

TCUUX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.26% 0.08% 3.37% 88.04%
Management Fee 0.10% 0.00% 1.19% 4.59%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee 0.05% 0.01% 0.40% 18.39%

Sales Fees

TCUUX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.50% 3.75% N/A
Deferred Load N/A 0.25% 5.00% N/A

Trading Fees

TCUUX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 1.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

TCUUX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 25.00% 0.00% 303.00% 10.45%

TCUUX - Distributions

Dividend Yield Analysis

TCUUX Category Low Category High TCUUX % Rank
Dividend Yield 0.00% 0.00% 4.04% 89.91%

Dividend Distribution Analysis

TCUUX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Monthly Monthly Monthly

Net Income Ratio Analysis

TCUUX Category Low Category High TCUUX % Rank
Net Income Ratio 1.39% -0.20% 3.48% 91.98%

Capital Gain Distribution Analysis

TCUUX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Dividend Payout History

View More +

TCUUX - Fund Manager Analysis

Managers

Jason Haley


Start Date

Tenure

Tenure Rank

May 12, 2017

3.47

3.5%

Mr. Haley joined ALM First in 2008. He has more than 16 of investment industry experience. Mr. Haley oversees ALM First’s Investment Management Group and is responsible for leading the investment process and investment theme development for the firm, including management of ALM First’s model portfolio strategies. Prior to joining ALM First, Mr. Haley worked for Cantor Fitzgerald LP, where he provided institutional clients with fixed-income products, portfolio analytics and strategies.

Robert Perry


Start Date

Tenure

Tenure Rank

May 12, 2017

3.47

3.5%

PMr. Perry joined ALM First in 2010 and has more than 28 years of experience in the banking and bank consulting business. He leads ALM First’s ALM and Investment Strategy Groups and is responsible for the development of asset liability and investment portfolio themes for the firm. Before joining ALM First, Mr. Perry previously served as Managing Director of the ALM and Investment Strategy division of DataTech Management and Chief Investment Officer for First Coastal Bank. Previously, Mr. Perry was a Principal and Product Portfolio Manager at Smith Breeden Associates, Inc., where he managed Smith Breeden’s Enhanced Cash and Enhanced Equity strategies. Before that, he was an interest rate risk analyst for Centura Bank, and secretary to the asset/liabiity management committee. He also served as a director for Community First Financial Group, a multi-bank holding company located in Indianapolis, Indiana.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.04 30.85 5.49 4.72
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