TUSI: ABS Focused Cash Parking Vehicle
TUSI offers a robust, low-volatility cash parking solution, focusing on investment-grade ABS and non-agency CMBS rather than traditional corporates. The fund maintains a short 0.5-year duration, minimizing interest rate risk and delivering a compelling -0.4% drawdown during April 2025's market turmoil. With a 4.45% SEC yield and high turnover, TUSI consistently generates incremental returns over T-bills, even in challenging environments.
TUSI: Excitement Says No, Portfolio Theory Says Yes
TUSI is designed as a low-risk, highly liquid ETF for near-cash savings, offering a 5.48% yield—ideal for short-term cash management, not long-term growth. The fund takes on slightly more credit and interest rate risk than Treasury-only ETFs, but compensates with a marginally higher yield. TUSI should be used as a parking bay for cash—providing quick access and better returns than idle cash, not as a vehicle for capital appreciation.
