Community Capital Management’s CRA Qualified Investment Fund Exceeds $2 Billion in Assets
Growth signifies the increasing demand for market-rate fixed income impact investments.
Ft. Lauderdale, FL, May 8, 2017: Community Capital Management, Inc. (CCM), a leading fixed income impact investing manager, today announced that its flagship CRA Qualified Investment Fund (tickers: CRAIX/CRANX/CRATX) has exceeded $2 billion in assets.
“We are excited and proud to share with our clients and industry partners that the CRA Qualified Investment Fund has reached another important milestone, surpassing $2 billion in assets,” said David Sand, chief investment strategist of CCM. “Reaching this level is a testament to the increasing demand for impact investments and the many investors specifically looking for fixed income impact investments.”
CCM manages $2.4 billion in assets – including the CRA Qualified Investment Fund, the CCM Alternative Income Fund (ticker: CCMNX) and separately managed accounts. CCM incorporates the environmental and social aspects of ESG investing into its investment philosophy by proactively seeking market-rate bonds that positively contribute to economic and sustainable impact. This includes a variety of impact initiatives such as affordable housing, small business development, gender lens, renewable energy, fossil fuel free, and many more. A benefit of the Fund is the ability for institutional shareholders to customize their investments to support specific geographies or impact initiatives and to receive detailed quarterly reports on impact metrics and outcomes.
“Launched in 1999, the CRA Qualified Investment Fund was initially created for banks looking to receive positive consideration on the investment test portion of their Community Reinvestment Act exam. We continue to work with hundreds of banks across the country and have seen a large amount of recent growth from non-financial investors – foundations, religious organizations, and millennials – looking for a diversified, liquid market-rate bond strategy with positive environmental and social impacts,” said Alyssa Greenspan, president and chief operating officer of CCM. “We have additionally seen a substantial increase in assets through platforms such as Morgan Stanley, Merrill Lynch, UBS, and First Affirmative, as these firms and others offer impact investing platforms for their clients.”
Sand added: “As a pioneer in impact investing, we continuously look for ways to innovate our research and product offerings to show how capital can be used to advance a mission or align with personal values. One recent example is a bond that helped finance the nation’s first LEED Platinum designation for a collegiate stadium at UNT’s Apogee Stadium. This is a great model of how we focus upon the ultimate use of proceeds – conducting meticulous due diligence and tracking the underlying impact – for all impact investments as this bond is not formally labeled “green” but has positive environmental features. We are enthusiastic to see more bonds coming to market with positive environmental and social benefits and look forward to the Fund growing to $3 billion and beyond.”
Community Capital Management, Inc.
Community Capital Management, Inc. is an investment adviser registered 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 $2.4 billion in assets as of 3/31/17. CCM’s flagship intermediate fixed impact investing strategy is available as a separate account or via a mutual fund. Other products managed by CCM include a liquid alternative income fund and customized separate account strategies. For more information, please visit www.ccminvests.com.
Investing involves risk including the loss of principal. Bond and bond funds are subject to interest rate risk and will decline in value as interest rates rise. The CRA Qualified Investment Fund is not diversified. The Funds are distributed by SEI Investments Distribution Co. (SIDCO) which is not affiliated with Community Capital Management.
Carefully consider the risks, investment objectives, charges and expenses of the Fund before investing. The prospectuses contain this and other important information. Call 866-202-3573 for a prospectus. Please read the prospectus carefully before investing. As of 3/31/17, the UNT investment represented 0.06% of the CRA Fund’s holdings. Holdings are subject to change.
Community Capital Management, Inc. is an investment adviser registered with the Securities and Exchange Commission under the Investment Advisers Act of 1940.