Performance quoted is past performance and is not a guarantee of 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. For standard and month-end performance for each share class of the CCM Community Impact Bond Fund, click on their respective links: CRAIX, CRANX or CRATX. Click here for standard and month-end performance for the CCM Alternative Income Fund.
The VIX us a trademarked ticker symbol for the Chicago Board Options Exchange Market Volatility Index, a popular measure of the implied volatility of S&P 500 index options. It is often referred to as the fear index or fear gauge as it represents one measure of the market’s expectation of stock market volatility over the next 30-day period. The Dow Jones Utility Average (DJUA) is a price-weighted average of 15 utility stocks traded in the United States. The DJUA began in 1929.
The S&P 500 is a stock market index based on the market capitalizations of 500 large companies having common stock listed on the NYSE or NASDAQ. The S&P 500 Dividend Aristocrats Index measures the performance of S&P 500 companies that have increased dividends every year for the last 25 consecutive years. The index treats each constituent as a distinct investment opportunity without regard to its size by equally weighting each company. The S&P High Yield Dividend Aristocrats Index is comprised of the 50 highest dividend yielding constituents of the stocks of the S&P Composite 1500 Index that have increased dividends every year for at least 25 consecutive years. These stocks have both capital growth and dividend income characteristics, as opposed to stocks that are pure yield, or pure capital oriented.
Index returns are for illustrative purposes only and do not represent actual fund performance. Index performance returns do not reflect any management fees, transaction costs or expenses. Indices are unmanaged and one cannot invest directly in an index. Past performance does not guarantee future results.
The price-earnings ratio (P/E Ratio) is the ratio for valuing a company that measures its current share price relative to its per-share earnings.
Community Capital Management is an investment adviser registered with the Securities and Exchange Commission under the Investment Advisers Act of 1940. The CCM Community Impact Bond Fund and CCM Alternative Income Fund are distributed by SEI Investments Distribution Co. (SIDCo), 1 Freedom Valley Dr., Oaks, PA 19456. SIDCo is not affiliated with Community Capital Management. Investing involves risk, including possible loss of principal. Bonds and bond funds are subject to interest rate risk and will decline 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 CCM Alternative Income 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.
Carefully consider the Funds’ investment objectives, risks, charges, and expenses. This and other information can be found in the Funds’ prospectuses which can be obtained by calling 866-202-3573. Please read them carefully before investing. The expense ratio of the CRA Fund Institutional Shares (CRANX) is 0.46% and the expense ratio of the CRA Fund Retail Shares (CRATX) is 0.81% as of 03/31/21. Expenses for other share classes will vary.
There is no guarantee that any securities referenced will have the desired impact discussed. A company may reduce or eliminate its dividend, causing losses to investors. Holdings are subject to change. The top 10 CCM Community Impact Bond Fund holdings as of 03/31/21 are as follows:
The top ten long holdings for the CCM Alternative Income Fund as of 03/31/21 are as follows: MET 9 1/4 04/08/38 (9.25%), WASHOE HWY-BABS (7.97%), FHR 2106 S IO (7.94%), MIAMI SPL OBLIG-CAP A (7.50%), FHA PL 034-35272 (6.95%), TUOLUMNE WIND-B-TUOLU (6.92%), BEDFORD PK VLG-B-TXBL (6.57%), FHA 023-98146 ST. FRANCIS (6.51%), AURA 2019-5B (6.50%), GNR 2010-68 SD IO (6.47%). Holdings are subject to change. Current and future holdings are subject to risk.
This website provides links to third party websites. Community Capital Management is not responsible for the content or condition of third party websites. Community Capital Management does not endorse the views, products, or services of third party websites. Information on funds other than the CCM Community Impact Bond Fund or the CCM Alternative Income Fund is provided strictly for illustrative purposes and should not be deemed an offer to sell or a solicitation of an offer to buy shares of any funds other than the CCM Community Impact Bond Fund or the CCM Alternative Income Fund.