Regulatory Disclosures

The CRA Qualified Investment 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. The Quaker Funds are distributed by Foreside Fund Services, LLC.

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.

Community Capital Management, Inc. (“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 and equity by combining the positive 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.  Stocks will fluctuate in response to factors that may affect a single company, industry, sector, or the market as a whole and may perform worse than the market. A sustainable investment strategy which incorporates ESG criteria may result in lower or higher returns than an investment strategy that does not include such criteria.

Any of the securities identified and described herein are for illustrative purposes only.  Their selection was based upon nonperformance-based objective criteria, including, but not limited to, the security’s social and/or environmental attributes. It should not be assumed that the recommendations made in the future will be profitable or will equal the performance of the securities identified. Impact figures mentioned are approximate values. 

Performance reports contained herein should not be construed as a recommendation to purchase or sell any particular securities.  Market conditions can vary widely over time and can result in a loss of portfolio value. The results portrayed included the reinvestment of dividends, interest and other earnings.  Any index information provided herein does not reflect the impact of fees; you cannot invest directly in an index.  Performance for periods greater than 1-year are annualized.  Portfolio data typically obtained from several sources including eVestment Alliance and Bloomberg. Benchmark data primarily obtained from Barclays Live unless otherwise indicated. 

The Core Fixed Income Composite is comprised of all actively managed fixed income accounts that invest mainly in investment grade securities with community development as their primary purpose. The Bloomberg Barclays Intermediate Aggregate Bond Index covers the U.S. investment grade fixed rate bond market, with index components for government and corporate securities, mortgage pass-thru securities, and asset-backed securities. The Bloomberg Barclays Intermediate U.S. Aggregate Index is the Intermediate component of the U.S. Aggregate Index. Securities must have a maturity from 1 up to (but not including) 10 years for all sectors except for Securitized (MBS, ABS, CMBS), which does not have a maximum weighted average maturity (MBS) or remaining average life (ABS, CMBX) constraint.  Returns are calculated in U.S. dollars.  Returns noted herein as gross do not include effect of management fees. If included, returns would be lower. Gross returns will be reduced by management fees. For example, a 1% annual fee from an account with a ten-year annualized growth rate of 10% will produce a net result of 8.95%. Actual performance results may vary from this example. For a more detailed description of fees and expenses, see Form ADV Part 2A. 

CCM claims compliance with the Global Investment Performance Standards (GIPS®). To receive a complete list and description of CCM’s composites and/or a presentation that adheres to the GIPS® standards, contact Alyssa Greenspan, CFA at 954.315.0419 or agreenspan@ccminvests.com, or write CCM: 2500 Weston Road, Suite 101, Weston, Florida 33331.