Community Capital Management Liquid Alternative Fund Celebrates 3-Year Anniversary with 4-Star Morningstar Rating

Ft. Lauderdale (June 13, 2016) – Community Capital Management, Inc. (CCM), a leading fixed income impact investing manager, is celebrating the third anniversary of its CCM Alternative Income Fund (Ticker: CCMNX).

Launched on May 31, 2013, the Fund’s investment objective is to seek to provide (1) a high level of current income consistent with the preservation of capital and (2) reduced correlation to conventional stock and bond markets.  In seeking to achieve its investment objective, the Fund’s goals look to provide:

 

Objective

Actual

Income (SEC 30-Day Yield)

> 3-month Treasury bills plus 4%

4.90%

Volatility/Standard Deviation

2.0% to 4.0%

3.70%

Total Return (full market cycle)

5% to 9%

-0.63%; 2.08% (1 yr/3 yr)

Correlation to S&P 500

0.0 to 0.50

0.42

Correlation to Barclays Aggregate

0.0 to 0.50

0.01

All data from 5/31/13 (Fund inception) to 5/31/16.  As of 3/31/16, the Fund returned -5.11% for the 1-year and 0.73% since inception.  Performance quoted is past performance and does not guarantee future results.  Current performance may be lower or higher than performance data quoted.  An investor’s investment return and principal value will fluctuate, so that your shares, when redeemed, may be worth more or less than your initial cost.  To obtain the most recent month-end standard performance, call 877-272-1977.  Performance reflects fee waivers, which if not in effect, would have decreased performance.  The total annual fund operating expenses is 2.89%.  The total annual fund operating expenses after fee waivers and expense reimbursement (other than acquired fund fees and expenses and dividend expenses and prime broker fees on securities sold short) is 1.60%.  Waivers are contractual and in effect until 9/30/16. The unsubsidized 30-day yield is 4.68% (5/31/16).  For current performance for CCMNX, please visit www.ccmalternativeincome.com.

“In this historically low-yield environment, we feel that investors need a higher yielding investment option that looks to avoid excessive market or interest rate risk,” said David Sand, chief investment strategist and chief impact investment officer at CCM. “We are equally proud of the Fund being one of the first liquid alternative funds to incorporate impact investment criteria.”

“Building upon CCM’s expertise in niche impact sectors of the government bond market, we are excited to celebrate the Fund’s three-year anniversary with a 4-Star Overall Morningstar Rating and top-quartile ranking in the Multialternative category based on risk-adjusted returns,” said Todd Cohen, chief executive officer and chief investment officer of CCM.  “I am so proud of our investment team, who has assembled a heavily hedged portfolio that generated a 30-Day SEC Yield close to 5% at the end of May. Given the Fund’s historical yield, low volatility and low correlation to the broader equity and fixed income markets, we believe we have built an excellent solution for income-oriented investors.”

The Fund is available on a variety of platforms including Charles Schwab, NFS/Fidelity, Envestnet, Pershing, LPL, FolioFN and TD Ameritrade. The minimum investment is $1,000.

About Community Capital Management, Inc.
Community Capital Management, Inc. (CCM) is an independently-owned registered investment adviser with the Securities and Exchange Commission.  Headquartered in Fort Lauderdale, Florida with offices in Charlotte, North Carolina and Boston, Massachusetts, the firm was founded in 1998 and currently manages over $2 billion in assets as of 3/31/16.  CCM’s flagship intermediate fixed income impact investing strategy is available as a separate account or via a mutual fund. Other products managed by CCM include a liquidk alternative income fund and customized separate account strategies. For more information, please visit www.ccmfixedincome.com
 

The CCM Alternative Income Fund is distributed by SEI Investments Distribution Co. (SIDCo), which is not affiliated with Community Capital Management.  Investing involves risk, including possible loss of principal.  Bond and bond funds will decrease in value as interest rates rise.  High yield bonds involve greater risks of default or downgrade and are more volatile than investment grade securities, due to the speculative nature of their investments.  The Fund uses investment techniques that are different from the risks ordinarily associated with equity investments. Such techniques and strategies include hedging risks, merger arbitrage risks, derivative risks, short sale risks, leverage risks, commodities risk, and foreign investment risks, which may increase volatility and may increase costs and lower performance. Commodities can be highly volatile and the use of leverage may accelerate the velocity of potential losses.  There is no guarantee the objectives or goals will be achieved.

Carefully consider the risks, investment objectives, charges and expenses of the Fund before investing.  The prospectus contains this and other important information.  Call 866-202-3573 for a prospectus. Please read it carefully before investing.

Community Capital Management, Inc. is a Florida-based investment adviser registered with the Securities and Exchange Commission under the Investment Advisers Act of 1940. 

© 2016 Morningstar.  All Rights Reserved.  The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely.  Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information.

Please note, some of the Morningstar proprietary calculations, including the Morningstar Rating, are not customarily calculated based on adjusted historical returns.  The evaluation of this investment does not affect the retail mutual fund data published by Morningstar.  For each retail mutual fund with at least a three-year history, Morningstar calculates a Morningstar Rating based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a fund’s monthly performance (including the effects of sales charges, loads, adn redemption fees), placing more emphasis on downward variations and rewarding consistent performance.  The top 10% of funds in each category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars and the bottom 10% receive 1 star. (Each share class is counted as a fraction of one fund within this scale and rated separately, which may cause slight variations in the distribution percentages.)  The Overall Morningstar Rating for a retail mutual fund is derived from a weighted average of the performance figures associated with its three-, five- and ten-year (if applicable) Morningstar Rating metrics.  This investment’s independent Morningstar Rating metrics is then compared against the retail mutual fund universe breakpoints to determine its hypothetical rating.  As of 5/31/16, the CCM Alternative Income Fund was rated against 250 Multialternative funds over the last three years.  With respect to these Multialternative funds, the CCM Alternative Income Fund received a Morningstar Rating of 4 stars for the three-year period.  The Fund was rated in the 22nd percentile.

 

###