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Matrix Advisor Services
866-935-6824
MatrixAdvisorServices@broadridge.com

Michael Hlavin, Vice President, Sales
847-562-0743
Michael.Hlavin@broadridge.com

Jeff Allen, Vice President, Sales
720-264-3745
Jeffrey.Allen@broadridge.com

A collective investment trust (CIT) is an institutional-only investment structure that is exclusively available to certain types of tax-exempt retirement plans. CITs are sponsored by banks or trust companies (e.g., Matrix Trust Company) that act as trustee and are responsible for the CIT’s management. The structure of each CIT allows for the combination of assets from different retirement plan accounts into a single fund with a specific investment strategy or objective, thereby leveraging the benefits of economies of scale. CITs may invest in a wide range of active or passive vehicles, including equities, fixed income, mutual funds, exchange traded funds (ETFs), and other CITs.

See if Matrix Trust Company CIT Offerings and Services are right for you.

CITs have many distinguishing characteristics. They are:

  • Uniquely institutional, since only tax-exempt retirement plans are allowed to invest

  • Flexible because they are able to leverage a broad scope of investment types

  • Often associated with lower operational expenses compared to mutual funds

  • Free of proprietary product requirements

  • Free of redemption fees

CITs Characteristics

CITs are:

  • Bank/trust company maintained, pooled funds that are an investment option available to participants in tax qualified, employer sponsored retirement plans
  • Institutional-only investment vehicles created specifically for qualified retirement plans, including defined contribution plans
  • Similar to mutual funds in that they are composed of pooled assets invested with a specific philosophy or strategy
  • Valued daily
  • Subject to applicable state banking, DOL (Department of Labor) regulations, and reporting requirements

CITs are not:

  • Mutual funds registered under the Investment Company Act of 1940, as amended, each of which have a prospectus
  • Securities required to be registered under the Securities Act of 1933, as amended, or the applicable securities laws of any state
  • Traded on an exchange or “over the counter”

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