TCUEX — Short Duration Portfolio

TCUEX Fund Overview

TCUEX — Short Duration Portfolio is a US mutual fund managed by Trust for Credit Unions, categorised as Short Bond. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.

• Type: US mutual fund
• Manager: Trust for Credit Unions
• Category: Short Bond
• Assets under management: $135.43M
• 1-year return: -5.7%
• Ticker: TCUEX
• SEC CIK: 0000825759
• SEC series ID: S000009984
• Share class ID: C000116694

TCUEX Investment Objective and Strategy

Short Duration Portfolio describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Trust for Credit Unions.

Investment objective

The Short Duration Portfolio seeks to achieve a high level of current income, consistent with relatively low volatility of principal, by investing in obligations authorized under the Federal Credit Union Act.

Principal investment strategy

In seeking to achieve its investment objective, the Portfolio will only invest in obligations that are authorized by the Federal Credit Union Act and the rules and regulations thereunder. During normal market conditions, the Portfolio intends to invest a substantial portion of its assets in mortgage-related securities that are securities issued or guaranteed as to the principal and interest by the U.S. government or by its agencies, instrumentalities or sponsored enterprises (U.S. Government Securities). Mortgage-related securities held by the Portfolio may include both adjustable rate and fixed rate mortgage pass-through securities, collateralized mortgage obligations and other multiclass mortgage-related securities, as well as other securities that are collateralized by or represent direct or indirect interests in mortgage-related securities or mortgage loans.

The Portfolio may also invest in: Other U.S. Government Securities and related custodial receipts Repurchase agreements secured with obligations authorized by the Federal Credit Union Act U.S. dollar denominated bank notes issued or guaranteed by banks with total assets exceeding $1 billion with weighted average maturities of less than 5 years, but only to the extent permitted under the Federal Credit Union Act and the rules and regulations thereunder The Portfolio will attempt, through the purchase of securities with short or negative durations, to limit the effect of interest rate fluctuations on the Portfolios NAV. Portfolio Duration (under normal interest rate conditions): The Portfolios target duration is equal to that of the BofA Merrill Lynch Two-Year U.S. Treasury Note Index and its maximum duration is that of a Three-Year U.S.

Treasury Security (the Portfolios duration approximates its price sensitivity to changes in interest rates). Over the past ten years, the duration of the BofA Merrill Lynch Two-Year U.S. Treasury Note Index and a Three-Year U.S. Treasury Security have been approximately 1.95 and 2.90, respectively. Expected Approximate Interest Rate Sensitivity: Two-Year U.S. Treasury Note Benchmark: The BofA Merrill Lynch Two-Year U.S. Treasury Note Index INVESTMENT ADVISERS INVESTMENT PHILOSOPHY: The Investment Advisor believes that: A portfolio of fixed income securities with wide risk-adjusted spreads properly matched to the duration of the market has the potential to produce a total return in excess of the market return The incremental return available from security selection, based on careful relative-value analysis and market research, has the potential to be significantly greater and more consistent than the incremental return from predicting the direction of interest rates Within the investment grade fixed income market, the spread sectors have the potential to offer the greatest opportunity for excess return through security selection A strong commitment to market research and experienced fixed income professionals has the potential to provide a better understanding of fixed income security relative value, with the goal being the identification of high credit quality investments that generate risk-adjusted returns in excess of the market return

TCUEX Performance

Total returns for TCUEX (as of 2026-10-01), from SEC filings.

TCUEX Risk Information

Risk metrics for TCUEX, derived from monthly returns in SEC filings.

• 1-year volatility (annualised): 3.4%

TCUEX Costs and Fees

TCUEX costs about $26 per $10,000 invested per year in fund expenses.

• Net expense ratio: 0.26%
• Gross expense ratio: 0.26%
• Portfolio turnover: 283%
• Brokerage commissions: 0.00 bps of average net assets (SEC N-CEN)

TCUEX Cashflows

Over the 12 months to 2023-02, Short Duration Portfolio had net inflows of $1.26B, from monthly SEC N-PORT filings.

TCUEX Debt Constituents

No individual debt constituents are reported in Short Duration Portfolio's latest SEC N-PORT filing.

TCUEX Prospectus and SEC Filings

Official Short Duration Portfolio filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.

• Prospectus (485BPOS) — filed 2022-12-28
• Prospectus (485BPOS) — filed 2021-12-22
• Prospectus supplement (497) — filed 2021-01-29
• Portfolio holdings (N-PORT) — filed 2023-04-25
• Portfolio holdings (N-PORT) — filed 2023-01-20
• Portfolio holdings (N-PORT) — filed 2022-10-28
• Annual census (N-CEN) — filed 2022-11-10
• Annual census (N-CEN) — filed 2021-11-12

Related Funds

Other Short Bond funds tracked on ABC INVEST:

• Lord Abbett Diversification Shares: Short Duration Completion Fund (LASDX)
• Sound Fixed Income ETF (SDFI)

Data Sources

ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.