Trust for Credit Unions Ultr-Sht Dur Gov  TCUUX
  Morningstar Report
Overall Morningstar
Rating™
What is this?
As of 2009-10-31
Out of
Ultrashort Bond Funds
Rating derived from a weighted average of the fund's 3, 5, 10-year rating which are based on risk-adjusted performance.
Morningstar®
Style Box™
What is this?
   Avg Duration
   ---
   Avg Credit Quality
   ---
As of 2009-09-30
Day Change
$ 0.00
  
NAV (2009-11-20)
$ 9.63
  
YTD Return % (2009-11-20)
2.41%
  
Total Assets ($ mil)
380
View Data Definitions
  Performance    
Growth of $10,000 Fund: Trust for Credit Unions Ultr-Sht Dur Gov
(from 1999-01-01 to 2009-10-31) Category: Ultrashort Bond
Index: BarCap US Agg Bond TR USD
Total Annualized Returns % 1yr, 3yr and 5yr Returns as of 2009-11-20
Inception date: 1991-07-10 10yr and Inception Returns as of 2009-10-31
YTD Returns as of 2009-11-20
YTD 1 Year 3 Year 5 Year 10 Year Since Inception
Fund 2.41 3.39 4.20 3.97 4.12 4.65
+/- Category -5.06 -1.17 3.43 2.14 1.05 ---
+/- BarCap US Agg Bond TR USD -4.50 -9.10 -2.25 -1.30 --- ---
Standardized Annual Returns %   more on standardized returns
Quarter-End (as of 2009-09-30) 1.98 3.76 4.32 3.94 4.13 4.66
Month-End (as of 2009-10-31) 2.22 3.65 4.23 3.94 4.12 4.65
After Tax Returns % (as of 2009-09-30 )  
On Distribution --- 2.96 2.96 2.67 2.58 ---
On Distribution & Sale of Shares --- 2.37 2.86 2.61 2.58 ---
Morningstar Rating --- --- ---
# of compared funds covered (3 yrs : out of 114 funds), (5 yrs : out of 101 funds), (10 yrs : out of 51 funds). Ratings are based on risk-adjusted performance. The maximum initial sales fee is none, the maximum deferred sales fee is none, and the maximum redemption sales fee is none.
The performance quoted represents past performance and does not guarantee future results. The investment return and principal value of an investment will fluctuate thus an investor's shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted herein.
  Portfolio Profile    
Sector Breakdown %
US Government 41.05
US Treasuries 4.02
TIPS 0.00
US Agency 37.03
Mortgage 30.63
Mortgage Pass-Thru 24.40
Mortgage CMO 6.23
Mortgage ARM 0.00
Credit 0.00
US Corporate 0.00
Asset-Backed 0.00
Convertible 0.00
Municipal 0.00
Corporate Inflation-Protected 0.00
Foreign 1.93
Foreign Corp 1.93
Foreign Govt 0.00
Cash 26.39
Bond Quality % of Bonds
AAA ---
AA ---
A ---
BBB ---
BB ---
B ---
Below B ---
Not Rated ---
 
Asset Allocation
% of Net Assets
Cash 26.4
Stocks 0.0
Bonds 73.6
Other 0.0
Foreign Stocks 0.0
(as a % of Assets)
Data through 2009-09-30 Data through 2009-09-30
 
Holding Status
Total Number of Stock Holdings Turnover % 179
Total Number of Bond Holdings 289 30 Day SEC Yield % 4.57
% of Assets in Top 10 Holdings 44.49 ending as of 2009-09-30
View Data Definitions
Top 10 Holdings Maturity
Date		 Amount
$000		 Value
$000		 % of Net
Assets
FHLMC 2% 2011-03-16 71,500 71,923 17.92
FHLMC 2.05% 2011-03-09 28,000 28,184 7.02
United States Treas Nts 1% 2011-09-30 16,100 16,113 4.02
FNMA 2040-01-01 11,000 11,488 2.86
FNMA 2011-04-01 9,800 9,874 2.46
FNMA 2011-03-02 9,000 9,038 2.25
FNMA FRN 2034-04-01 8,500 8,787 2.19
Sri Lanka Rep 2024-11-01 7,750 7,750 1.93
FNMA FRN 2029-08-01 7,546 7,732 1.93
FHLMC 2011-07-27 7,600 7,654 1.91
Data through 2009-09-30
  Other Information
Fund Inception: 1991-07-10
Portfolio Manager  (Start Date)
Jonathan A. Beinner  (1991-07-10)
Jonathan Beinner is the Chief Investment Officer and Co-Head of US and Global Fixed Income at Goldman Sachs Asset Management (GSAM). He is a member of the Investment Management Division's operating group. Jonathan joined GSAM in 1990, and is responsible for overseeing over $200 billion in fixed income assets - including multi-sector portfolios, single-sector portfolios, and fixed income hedge funds. Jonathan is also responsible for overseeing GSAM's over $150 billion in money market assets. He was named a managing director in 1997 and a partner in 2004. Jonathan graduated summa cum laude and received two B.S. degrees from the University of Pennsylvania in 1988.
Mark Van Wyk  (1994-12-31)
Wyk is the vice president with GSAM and joined it in 1994 and specializes in U.S. government and financial derivatives. He worked with an options trading firm prior to joining GSAM.
Peter Dion  (1995-12-31)
Dion is a vice president and portfolio manager with Goldman Sachs Asset Management, his employer since 1992. He specializes in asset-backed and commercial mortgage-backed securities. From 1994 to 1995 he was an associate portfolio manager. He became a portfolio manager in 1995.
James McCarthy  (1995-12-31)
McCarthy is managing director and portfolio manager with Goldman Sachs Asset Management, his employer since 1995. Prior to that, he worked for four at Nomura Securities where he was an assistant vice president and and adjustable rate mortgage trader.
Tom Kenny  (2000-12-31)
Kenny is a manager director of GSAM and joined it in 1999 as a senior portfolio manager. Previously, he spent 13 years at Franklin Templeton where he was a portfolio manager of high yield municipal and municipal funds, director of Municipal Research and director of the Municipal Bond Department. He became Co-Head of the U.S. and Global Fixed Income Teams in 2002. Kenny holds the Chartered Financial Analyst designation.
Thomas D. Teles  (2000-12-31)
Tom is a managing director on the Fixed Income Portfolio Management team and serves as head of the Mortgage & Asset-Backed Securities team. He is also a member of the Fixed Income Strategy Group (FISG), which oversees all Global Fixed Income and Currency portfolios. Tom joined Goldman Sachs in 1997 as an associate with FICC in New York, where he worked in the Research Department, and then as a mortgage trader. He joined Goldman Sachs Asset Management in 2000. Tom became managing director in 2003 and a partner in 2006. Prior to joining the firm, Tom worked as assistant investment officer at Travelers Insurance Group from 1994 to 1997. Tom earned a BA from the University of Maryland in 1992 and an MBA from the University of Chicago in 1994. Tom and his wife, Sharon, have one daughter and reside in New York City.
Stephen Warren  (2003-12-31)
Warren joined GSAM in 2003 as a member of the mortgage-backed securities team. Warren was previously a portfolio manager responsible for asset-backed securities and U.S. government bonds for the investment adviser from 1993 to 1997. From 1997 to 2003, he worked as a principal and chief investment officer at Integrity Capital Management, a quantitative hedge fund, and then as a managing director at Urbanfetch, an Internet company.
Sales Charge %
(taken from prospectus dated 2009-08-31)
Front: None
Deferred: None
Expense Ratio % 0.35
based on net assets
(taken from annual report dated 2009-08-31)
Correspondence Information
Trust for Credit Unions
4900 Sears Tower
Chicago,  IL  60606-6303
United States
Telephone:
800-342-5828
Data on this page does not include the fund's short positions (if any).
Show Data Definitions

© Copyright 2009 Morningstar, Inc. All rights reserved. Morningstar, the Morningstar logo, Morningstar.com, Morningstar Tools are either trademark or service marks of Morningstar, Inc.
Past performance is no guarantee of future results.
Returns will vary and shares may be worth more or less than their original cost when sold.