CCM Expands Its Strategy Offerings With Two New Equity Mutual Funds
Join live webinar on June 26th to learn more.
Ft. Lauderdale, FL, June 5, 2019: Community Capital Management, Inc. (CCM), an experienced impact/ESG investing manager, is pleased to officially introduce its two new equity funds, the Quaker Small/Mid-Cap Impact Value Fund (QSVIX/QUSVX) and the Quaker Impact Growth Fund (QAGIX/QUSVX). These funds are the third and fourth open-end mutual funds managed by CCM and reflect the increased demand the firm has seen over the last few years for impact/Environmental, Social and Governance (ESG) investing solutions.
“Six years ago, we launched our first ESG multi-strategy mutual fund seeking to deliver market neutral income,” said CCM’s Chief Impact Strategist, David Sand. “Since that time, our equity team has shown adept at navigating the equity space, specifically the small- to mid-cap value space utilizing CCM’s impact lens. Realizing the limited number of impact funds in this value space, we are excited to introduce QSVIX to current and prospective clients.”
The Quaker Small/Mid-Cap Impact Value Fund employs a disciplined, investment methodology focusing on securities of companies with experienced and trusted management teams. CCM’s equity team, led by Andrew Cowen, believes these companies are currently trading at prices that are not reflective of the current and potential free-cashflow of the business.
Cowen commented: “Through the Quaker Small/Mid-Cap Impact Value Fund, we are now able to focus solely on the value approach to equity investing that we’ve employed in our multi-strategy fund for the past six years and are proud of the new Fund’s demonstrable results since we took over management in January 2018. It’s Institutional Share Class (QSVIX) posted a 1-year return as of 3/31/19 of 8.92%, outperforming its benchmark, the Russell 2500® Value Index, which posted a return of 1.84% for the same time period.”
CCM’s Quaker Impact Growth Fund seeks to provide long-term growth of capital. The Fund focuses on U.S. equities that are attractively valued relative to their earnings growth potential and has also delivered attractive risk-adjusted performance since its debut on CCM’s platform. It’s Institutional Share Class returned 8.35% for the trailing 1-year period ending 3/31/19, slightly underperforming its benchmark, the S&P 500 Index, which returned 9.50% for the same time frame.
Sand adds, “We are so pleased with the interest level for these funds and equally proud of their employment of impact/ESG criteria given our expertise in the industry. Also, by extending our capabilities in impact/ESG reporting to these equity funds, we join few others in the industry who are willing to provide such transparency into the investment process.”
CCM is keeping the Quaker name as the Quakers were credited with bringing the concept of values-based investing to the new world. CCM invites those interested in learning more to a live webinar on June 26th at 2:30pm ET. Click here to register for the webinar.
Performance data quoted represents past performance; past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Current performance of the fund may be lower or higher than the performance quoted. Performance data current to the most recent month end is available by calling us toll free at 800.220.8888. Returns over one year are annualized.
CCM’s Quaker Small/Mid-Cap Impact Value Fund Institutional Share Class (QSVIX) as of 3/31/19 posted a 1-year return of 8.92%, while the Russell 2500® Value Index posted a return of 1.84% for the same time period and since inception the Fund was 5.88% and the benchmark was -0.70%. The gross expense is 2.22% and the net expense is 1.36 with an inception date 01/01/18.
The Adviser has contractually agreed to waive all or a portion of its investment advisory fees and/or pay/reimburse expense in order to prevent total annual fund operating expenses from exceeding 1.30% of the Fund’s average daily, net assets from May 1, 2019 through April 30, 2020. Pursuant to its expense limitation agreement with the Fund, the Adviser is entitled to recoup any fees that it waived and/or Fund expenses that it paid for a period of three years following such fee waivers and expense payments, to the extent that such recoupment by the Adviser will not cause the Fund to exceed any applicable expense limitation that was in place for the Fund when the fees were waived or expenses were paid. These waivers and reimbursements may be terminated at any time with respect to the Fund by its Board of Trustees upon sixty (60) days’ written notice to the Adviser without payment of any penalty and shall automatically terminate upon the termination of the Fund’s advisory contract with the Adviser.
CCM’s Quaker Impact Growth Fund Institutional Share Class (QAGIX) as of 3/31/19 returned 8.35% for the trailing 1-year period, compared to its benchmark, the S&P 500 Index, which returned 9.50% for the same time frame and since inception the Fund was 6.35% and the benchmark was 6.88%. The annual expense for the is 2.03% with an inception date 01/01/18.
Community Capital Management, Inc. is an investment adviser registered with the Securities and Exchange Commission. Headquartered in Fort Lauderdale with employees in Boston, Charlotte, the New York City area, and Southern California, the firm was founded in 1998 and manages approximately $2.5 billion in assets as of 05/31/2019. The firm believes a fully integrated portfolio – one that includes environmental, social and governance (ESG) factors – aiming to deliver strong financial performance while simultaneously having positive long-term economic and sustainable impact. For more information, please visit: www.ccminvests.com.
The Russell 2500® Value Index measures the performance of those Russell 2500 companies with lower price-to-book ratios and lower forecasted growth values. You cannot invest directly in an index.
The S&P 500® Total Return Index is a widely recognized, unmanaged index consisting of the approximately 500 largest companies in the United States as measured by market capitalization. You cannot invest directly in an index.
Effective September 6, 2018 the Fund’s name changed from Quaker Strategic Growth Fund to Quaker Impact Growth Fund and Quaker Small Cap Value Fund to Quaker Small/Mid-Cap Impact Value Fund.
There’s no guarantee that a strategy will be successful. Mutual fund investing involves risk including the possible loss of principal. The Quaker Impact Growth Fund invests in foreign securities which involve greater volatility and political, economic and currency risks and differences in account methods. Equity securities are subject to price fluctuation and possible loss of principal. Small- and mid-cap stocks involve greater risks and volatility than large-cap stocks. Small- and mid-cap stocks involve greater risks and volatility than large-cap stocks. The Fund invests in smaller companies (generally less than $1.5 billion market capitalization). The Quaker Small/Mid-Cap Impact Value Fund’s smaller companies can be riskier investments than larger companies. The Fund invests in companies that appear to be “undervalued” in the marketplace (i.e. trading at prices below the company’s true worth). If the Fund’s perceptions of value are wrong, the securities purchased may not perform as expected, reducing the Fund’s return.
Consider a fund’s investment objectives, risks, charges, and expenses carefully before investing. The Statutory, and where available, the Summary Prospectuses contain this and other important information and are available for download at www.ccminvests.com or by calling 800.220.8888. Read carefully before investing.
Source: Fund data provided by Quaker Funds.
The Quaker Funds are distributed by Foreside Fund Services, LLC