WHAT IS CIT OR CIF?

Collective Investment Funds (CIF), also called Collective Investment Trusts(CIT), have been around since the 1927.

“Bank maintained”
funds, that work like
mutual funds.
Valued every day (NAV)
and traded through the National Securities Clearing Corporation (NSCC).
Exempt from registration under Investment Act of 1940 - right-sized requirements for retirement plans.
Available to qualified retirement trusts such as 401k, Profit Sharing,
Defined Benefit Plans, etc.*

CIF - A SOLUTION FOR RETIREMENT PLANS
TODAY AND BEYOND

Generally low cost advantage over mutual funds

Right-sized reporting and regulatory filing costs

Elgible for a wide range of
retirement plans like, 401k,
profit sharing, Keogh plans,
defined benefit plans & more

Additional fiduciary protection
with trust companies serving as
trustee and managers taking
3(38) fiduciary responsibility

$5.9 Defined Contribution Plans

$2 Annuity Reserve

$6.5 IRAs

$5.6 Government Plans

$3.0 Defined Benefits Plans

"Use of CITs in DC plans is booming... rises 68% since 2008."

"CITs assets equal about $1.5T as of Q3 2014, up from $607B in Q3 2014."

— PENSIONS & INVESTMENTS

Opportunity On the Rise
Employers and employees across the US contribute to their plans to meet the massive unfunded needs for their retirement years.

— MORNINGSTAR

CIF - A SOLUTION FOR RETIREMENT
PLANS TODAY AND BEYOND

COLLECTIVE INVESTMENT
TRUST FUNDS

  • Qualified Plans Only
  • Declaration of Trust
  • OCC and State Regulated
  • Trustee Held to ERISA Fiduciary Standards
  • Data Provided by Manager
  • Institutional Pricing
  • Pricing Flexibility
  • Pooled Vehicle
  • Daily Valued
  • NSCC Traded
  • Fact Sheets Available
  • Audited Annually

MUTUAL
FUNDS

  • All Investors
  • Prospectus
  • SEC Registered and Regulated
  • No ERISA Fiduciary Standards
  • Data Publicly Available
  • Institutional and Retail Pricing
  • No Pricing Flexibility

IMPORTANT CONSIDERATIONS FOR CITS AND CIFS

Today mutual funds have their own problematic issues
in qualified retirement plans including but not limited to,
short- term redemption fees, inappropriate share
classes, higher asset management fees and marketing
expenses such as 12 b-1 fees.

Source: 2016 survey results from GoBankingRates

The truth is that some mutual funds
set up their own CIFs to offer in the
qualified plan space because of
their great advantages.

Source: Alta Trust Company

“The range of investment strategies available in CIT
vehicles rivals the scope of any other type of vehicle,
at generally comparable if not lower cost to the plan.”

Source: 2015 Coalition of Collective Investment Trusts

The OUTCOME ORIENTED SOLUTION

Combine the benefits of the CIF structure with a Strategy to
address market risk

Not another product - a Solution to help participants achieve Outcomes in a new era of investing

LEARN ABOUT THIS
OUTCOME-ORIENTED STRATEGY
AVAILABLE FOR YOUR PLANS

SWAN CIFs