Kitchen updates such as tile flooring, refacing old cabinets and updating appliances to energy-efficient models will see a substantial return--approximately 84.5 percent in the San Francisco area, for instance, according to Remodeling magazine's Cost vs. Value Report for 2009â2010.
What is a 'Collective Investment Fund'. A collective investment fund (CIF), also known as a collective investment trust, is operated by a bank or trust company and handles a group of pooled trust accounts. Collective investment funds groups assets from individuals and organizations to develop a larger, diversified portfolio.
Low Cost. Free from some of the regulatory requirements, a collective trust can focus on just the investing part. As a result the cost can be kept low. The expense ratio on the BlackRock EAFE Equity Index Collective Trust in my 401k plan is 0.10%. Itâs not necessarily lower than the expense ratio of an institutional share class of the equivalent fund from Vanguard, but itâs still pretty low.