The CCM Community Impact Bond* (f/k/a the CRA Qualified Investment Fund) is an investment grade, intermediate duration bond fund that seeks to preserve capital, deliver attractive risk-adjusted returns, and serve as the ballast in a portfolio.
The Fund invests in well-researched, fossil fuel free bonds that have direct and measurable positive environmental and societal impacts, with most bonds qualifying under the Community Reinvestment Act (CRA) of 1977. The Fund offers impact customization where shareholders meeting minimum requirements can direct their capital to support specific geographies or impact themes, a benefit accompanied by impact reporting.
CRAIX was launched in August 1999 to help banks garner positive consideration on the investment test portion of their CRA exams.
CRANX was launched in March 2007 in response to institutional investor demand for a core fixed income impact investment fund.
*Effective March 1, 2021 the Fund’s name changed from CRA Qualified Investment Fund to CCM Community Impact Bond Fund.