CCM Alternative Income Fund (CCMNX)

The Fund seeks to provide a total return generated primarily from income and secondarily from capital appreciation. The Fund invests in a portfolio of well-researched securities across multiple asset classes and hedges the portfolio’s stock and bond market-related risk. Security selection focuses on relative value and incorporates a multi-dimensional approach to assessing impact. For investment-grade bonds, the team looks for positively impactful use of proceeds. For stocks, the team considers environmental, social, and governance factors.

Asset Class Liquid Alternative
Ticker CCMNX
Inception 5/31/13
Dividends Monthly
Benchmark FTSE 3-Month T-Bill Index
Expense Ratio (gross) 1.85**
Morningstar Category Multialterative
MONTH-END DATA as of 08/31/2020
NAV 7.39
Distribution 0.044673
30-Day SEC Yield 7.07
Unsubsidized 30-Day Yield 7.07
Total Fund Assets $26 million

Impact and ESG Highlights
Impact Targeting No
Impact Reporting Yes
Fossil Fuel Free No
Average Annual Returns % (as of 08/31/2020)
Average Annual Returns % (as of 06/30/2020)
  YTD 1-YR 5-YR Since Inception
CCMNX -17.98 -16.32 -0.75 0.12
Morningstar Category -2.56 0.53 1.80 N/A
FTSE 3-Month Treasury Bill Index 0.55 1.18 1.15 0.80
  2Q20 YTD 1-YR 5-YR Since Inception
CCMNX 9.30 -20.54 -17.48 -1.59 -0.32
Morningstar Category 4.87 -5.36 -2.99 0.73 N/A
FTSE 3-Month Treasury Bill Index 0.14 0.52 1.56 1.15 0.82

**The Advisor has contractually agreed to waive fees and reimburse expenses until February 29, 2020 so that Total Annual Fund Operating Expenses After Waivers and Expense Reimbursements will not exceed 1.85% of the Fund’s average daily net assets. The Advisor may not recoup waived fees and reimbursed expenses.

3-month and YTD returns are not annualized. Performance quoted is past performance and does not guarantee future results. Current performance may be lower or higher than the 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.

Mutual fund 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.  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 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 risks, investment objectives, charges and expenses of the Fund before investing. The prospectus contains this and other important information. The prospectus is available via the link above. Please read the prospectus carefully before investing.  The CCM Alternative Income Fund is distributed by SEI Investments Distribution Co. (SIDCO), 1 Freedom Valley Drive, Oaks, PA 19456, which is not affiliated with Community Capital Management or any other affiliate.