Community Capital Management Assumes Advisory Role for Impact Mortgage ETF

ETF Aims to Reduce the Racial Wealth Gap by Supporting Affordable Housing for Minority and Low- and Moderate-Income Families 

Ft. Lauderdale, FL, March 19, 2024: Community Capital Management, LLC (CCM), a leading impact and environmental, social, and governance (ESG) investing manager, is excited to announce it is now the advisor for the exchange-traded fund (ETF) it previously sub-advised for Impact Shares. The CCM Affordable Housing MBS ETF (NYSE: OWNS) was launched in 2021 and invests in agency mortgage-backed securities (MBS) backed by pools of mortgage loans made to minority families, low- and moderate-income (LMI) families, and/or families that live in persistent poverty areas.

Investments in OWNS includes home loans in census tracts where more than 50% of the population is non-white and at least 40% of the population is living at or below the poverty line. Additionally, OWNS includes loans in counties where 20% or more of the population has lived in poverty for more than 20 years and loans to minority borrowers or loans originated in a census tract where more than 50% of the population is a minority.

“OWNS offers investors a capital markets solution for bridging the racial wealth gap to help address the affordable housing crisis in the U.S. and looks to make a positive impact on the well-being of individuals, families, and communities,” said Alyssa Greenspan, CEO and president of CCM. “Since OWNS’ inception, CCM has invested more than $100 million in impact MBS with an estimated average of $38,000 in wealth generation over the length on each mortgage’s investment period through December 31, 2023.”

“Homeownership is one of the largest sources of wealth among families, with the median value of a primary residence worth about 10 times the median value of financial assets held by families[1], and its benefits are far-reaching from enhancing childhood development to increasing employment in local communities to mental and physical well-being,” said David Sand, chief impact strategist at CCM. “A hallmark of CCM’s strategy is the ability to geographically target, providing customized impact solutions to our clients. Affordable housing for LMI and minority borrowers has been a primary focus for CCM since its inception in 1999 and we are excited to assume its advisory role.”

Greenspan added: “We are thrilled to have had catalytic seed investors, including banks, insurance companies, and community foundations, help launch OWNS in 2021, and are excited to share its positive impact outcomes with new investors. OWNS enables all types of investors the opportunity to provide capital to help reduce the racial wealth gap through affordable homeownership.”

Community Capital Management, LLC

Founded in 1998, Community Capital Management, LLC (CCM) is an investment adviser registered with the Securities and Exchange Commission. The firm’s mission seeks to deliver superior risk-adjusted returns through investment strategies that contribute to positive environmental and social outcomes. For more information, please visit: www.ccminvests.com.

 Carefully consider OWNS’ investment objectives, risk factors, charges, and expenses before investing. This and additional information can be found in its prospectus, which may be obtained by calling 844-448-3383, or by visiting www.ccminvests.com. Read the prospectus carefully before investing.

Shares of any ETF are bought and sold at market price (not NAV), may trade at a discount or premium to NAV and are not individually redeemed from the Fund. Brokerage commissions will reduce returns.

Investing involves risk, including the possible loss of principal. Bonds and bond funds are subject to interest rate risk and will decline in value as interest rates rise. Mortgage-backed securities are subject to prepayment and extension risk and therefore react differently to changes in interest rates than other bonds. Small movements in interest rates may quickly and significantly reduce the value of certain mortgage-backed securities. This Fund is non-diversified. As an actively managed Fund, it does not seek to replicate a specified index.

OWNS is distributed by SEI Investments Distribution Co., with is not affiliated with Community Capital Management, LLC (CCM), the Investment Adviser for the Fund.

Community Capital Management, LLC (CCM) is an investment adviser registered with the Securities and Exchange Commission under the Investment Advisers Act of 1940. Registration as an investment adviser does not imply a certain level of skill or training. The verbal and written communications of an investment adviser provide you with information you need to determine whether to hire or retain the adviser. Past performance is not indicative of future results. CCM has distinct investment processes and procedures relating to the management of investment portfolios for institutional clients. The firm’s strategies are customized, rather than model-based, and utilize an innovative approach to fixed income by combining the positive societal outcomes of impact and environmental, social, and governance (ESG) investing with rigorous financial analysis, an inherent focus on risk management, and transparent research. Bonds are subject to interest rate risk and will decline in value as interest rates rise. Different types of investments involve varying degrees or risk, and there can be no assurance that any specific investment will either be suitable or profitable for a client’s investment portfolio. A sustainable investment strategy that incorporates ESG criteria may result in lower or higher returns than an investment strategy that does not include such criteria. Impact figures mentioned are approximate values. Opinions, estimates, forecasts, and statements of market trends are based on current market conditions and are subject to change without notice. Third party links, trademarks, service marks, logos and trade names included in this content are the property of their respective owners. The inclusion of a third party link is provided for reference and does not imply an endorsement or, association with, or adoption of the site or party by us. Acceptance of this material constitutes your acknowledgement and agreement that the Advisor does not make any express or implied representation or warranty as to the accuracy or completeness of the information contained herein and shall have no liability to the recipient or its representatives relating to or arising from the use of the information contained herein or any omissions there from. For a full list of relevant disclosures, please visit https://www.ccminvests.com/regulatory-disclosures/

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[1] https://www.nar.realtor/blogs/economists-outlook/single-family-homeowners-typically-accumulated-225K-in-housing-wealth-over-10-years