Morningstar Retirement and Alta Trust Launch Six Multi-Manager CIT Portfolios
Morningstar Retirement and Alta Trust Company launched six Foundation Series Collective Investment Trust portfolios designed for retirement plans of all sizes. The portfolios draw on funds from nine asset managers—including PIMCO, Columbia Threadneedle and Invesco—and integrate with recordkeepers’ stable value offerings without additional custom builds.
1. Launch of Foundation Series CITs
Morningstar Retirement partnered with Alta Trust Company to introduce six multi-manager Collective Investment Trust portfolios aimed at broadening access to institutional-quality retirement solutions. Alta Trust serves as trustee, sponsor and administrator, while Morningstar leads portfolio design, curation and oversight.
2. Multi-Manager Structure and Asset Managers
Each portfolio draws from a defined universe of funds offered by nine leading asset managers—Columbia Threadneedle, Federated Hermes, First Eagle, Guggenheim, Heitman, Invesco, MFS, Neuberger Berman and PIMCO—providing diversification and independent oversight distinct from single-manager offerings.
3. Simplified Implementation for Recordkeepers
The Foundation Series CITs employ Morningstar’s managed accounts framework to eliminate bespoke build work and support existing stable value funds, enabling recordkeepers to offer customizable, professionally managed investment lineups without added operational demands.
4. Availability and Next Steps
The six portfolios are now open for fund intake, allowing plan sponsors of all sizes to adopt institutional-grade, multi-manager investment solutions with streamlined onboarding and ongoing oversight provided by Morningstar Retirement and Alta Trust.