Collective Investment Trust Services

Manage retirement plan assets in a cost-effective collective investment trust.

Collective Investment Trusts (CITs) remain a popular choice with advisers because of the lower marketing and distribution costs and fewer legal, administrative, and regulatory obligations as compared to other vehicles. Whether you’re launching a new strategy as a CIT or converting an existing fund to a CIT, UMB has the infrastructure and skills to support you.

Experience, service and support

Benefit from our team’s technical experience, our state-of-the-art systems and our commitment to outstanding client service and allow us to build a solution customized to your needs.

Unified back-office support

We handle the behind-the-scenes functions, from fund accounting, administration, trustee, transfer agency, and custody* services to regulatory compliance and tax reporting, so you can focus on serving your clients.

Strength and stability

With UMB, you receive the benefits of a large financial institution paired with our nimble, single-point-of-contact service approach.

Connect with our experienced fund administration team today

Key services to support your collective investment trust

Trust sponsorship

Fiduciary and investment oversight

Fund accounting and administration

Transfer agent services

Custody

Trustee services

Cash sweep

Optional securities lending services

Platform Connectivity

Audited financial statements

Regulatory filings

5500 schedules for defined benefit plan customers

Benefits of a collective investment trust

Lower expenses than mutual funds

Fewer legal and marketing fees

No requirement to produce a prospectus

Separate board of trustees not required

No SEC registration and state qualification fees

Shorter start-up time

Year-end 2025 numbers update: Interval and tender-offer funds reach $239 billion as structural test begins

In December 2025, UMB Fund Services and FUSE Research Network published Interval and Tender-Offer Funds Moving Mainstream: $200 Billion and Beyond, our latest analysis of the unlisted closed-end fund market. The figures in that report ran through the second quarter...

Read Now
Evaluating a potential mutual fund to ETF conversion

Converting from mutual funds to ETFs offers an enticing opportunity for fund managers to appeal to investors’ evolving preferences. However, it’s a step that demands careful thought and preparation. When considering a mutual fund to ETF conversion, fund managers need...

Read Now
Using tax blockers with interval and tender-offer funds

In the context of interval and tender-offer funds, tax blockers are tax-paying corporate entities used to transform “bad income” into “good income.” Interval and tender-offer funds are particularly attractive for investments in asset classes such as real estate, private equity...

Read Now
Comparing ’34 Act funds to private funds and registered funds

So-called ’34 Act funds are of increasing interest to asset managers, based on our conversations with clients planning future fund launches. Funds of this structure are purpose-built to accommodate scale—without the portfolio constraints imposed by the ’40 Act. In our...

Read Now
What private fund managers should know about presenting to a ‘40 Act fund’s board

Facing the fund board Over years of working with private fund managers first entering the registered fund space, when it comes to the Investment Company Act of 1940, I have often made the point that you can’t manage the ’40...

Read Now

Collective Investment Trusts in Focus: Market Developments and Trends

Collective Investment Trusts (CITs) are accelerating in adoption, proving to be one of the fastest-growing vehicles in the retirement space. This report uncovers the latest market insights, emerging trends, and strategic opportunities that are redefining how asset managers and plan sponsors approach growth. Discover what’s driving the momentum and what’s next for CITs.

Access report