The CCM Alternative Income Fund investment objective is to seek to provide (1) a high level of current income consistent with the preservation of capital and (2) reduced correlation to conventional stock and bond markets while considering environmental, social and governance (ESG) factors. The Fund seeks to achieve its objective by utilizing a multi-strategy approach to portfolio construction that attempts to generate a high level of current income and an absolute (or positive) return in various market cycles by employing strategies that exploit disparities or inefficiencies in markets. At the same time, the Fund seeks to provide lower correlation to the traditional stock and bond markets by utilizing various asset allocation or hedging strategies designed to reduce such correlation.
| Asset Class | Liquid Alternative |
| Ticker | CCMNX |
| Inception | 5/31/13 |
| Dividends | Monthly |
| Benchmark | FTSE 3-Month T-Bill Index |
| Secondary Benchmark | Bloomberg U.S. Aggregate Bond Index |
| Expense Ratio (gross) | 2.13** |
| Morningstar Category | Multialternative |
| Min. Initial Investment | $1,000 |
| Month-End Data as of 02/28/2023 | |
|---|---|
| NAV | $8.31 |
| Distribution | 0.023128 |
| 30-Day SEC Yield | 4.40 |
| Unsubsidized 30-Day Yield | 4.40 |
| Total Fund Assets | $23 million |
| Impact and ESG Highlights | |
|---|---|
| Impact Targeting | No |
| Impact Reporting | Yes |
| YTD | 1-YR | 5-YR | Since Inception | ||
| CCMNX | 1.98 | 0.06 | 2.61 | 2.44 | |
| Morningstar Category | 1.67 | 0.83 | 1.89 | N/A | |
| FTSE 3-Month Treasury Bill Index | 0.72 | 2.22 | 1.35 | 0.83 |
| 4Q22 | YTD | 1-YR | 5-YR | Since Inception | |
| CCMNX | 2.66 | -3.31 | -3.31 | 1.82 | 2.28 |
| Morningstar Category | 2.42 | -2.07 | -2.07 | 1.39 | N/A |
| FTSE 3-Month Treasury Bill Index | 0.87 | 1.50 | 1.50 | 1.25 | 0.77 |
**The Advisor has contractually agreed to waive fees and reimburse expenses until September 30, 2022 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. If at any time the Fund’s Total Annual Fund Operating Expenses for a year is less than 1.85%, the Advisor may recoup any waived or reimbursed amounts from the Fund within three years from the date on which such waiver or reimbursement was made by the Advisor, provided such reimbursement does not cause the Fund to exceed the expense limitations that were in effect at the time of the waiver or reimbursement.
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.
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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.
The FTSE 3 Month US T Bill Index Series is intended to track the daily performance of 3 month US Treasury bills. The indexes are designed to operate as a reference rate for a series of funds.
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.
