The CCM Community Impact Bond* CRA Shares (f/k/a the CRA Qualified Investment Fund CRA Shares) was launched in 1999 to help banks meet the investment test requirements of the CRA. The Fund is one of the nation’s largest mutual funds of community development investments.
Clients include nearly 400 banks nationwide – from large, national banks to local, community banks – with each bank shareholder receiving customized and extensive CRA reporting for their earmarked investments. The Fund offers CRA targeting where bank shareholders can direct their capital to support specific assessment areas and receive customized CRA reporting for each investment earmarked, noting the primary purpose is community development. The Fund seeks to preserve capital, deliver attractive risk-adjusted returns, and serve as the ballast in a portfolio. To learn more about the earmarking process, download our CRA overview and watch our video on CRA investing for banks.
| Asset Class | Fixed Income |
| Ticker | CRAIX |
| Inception | 8/30/99 |
| Dividends | Monthly |
| Benchmark | Bloomberg Intermediate U.S. Aggregate Index |
| Expense Ratio | 0.88% |
| Strategy | Intermediate Core |
| Month-End Data as of 02/28/2023 | |
|---|---|
| NAV | $9.33 |
| Distribution | 0.018502 |
| 30-Day SEC Yield | 2.58 |
| Total Fund Assets | $3.2 billion |
| CRA Highlights as of 12/31/2022 | |
|---|---|
| Bank Shareholders | >390 |
| CRA Exams | >1,650 |
| CCM Impact | $13.8 billion |
| YTD | 1-YR | 5-YR | 10-YR | Since Inception | ||
| CRAIX | 0.50 | -7.90 | -0.25 | 0.27 | 3.02 | |
| Bloomberg Intermediate U.S. Aggregate Index | 0.23 | -7.22 | 0.66 | 1.02 | 3.72 |
| 4Q22 | YTD | 1-YR | 5-YR | 10-YR | Since Inception | |
| CRAIX | 0.72 | -10.20 | -10.20 | -0.64 | 0.21 | 3.02 |
| Bloomberg Intermediate U.S. Aggregate Index | 1.72 | -9.51 | -9.51 | 0.31 | 1.00 | 3.74 |
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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Latest Insights
CRA Investment Strategy Overview
Read our CRA Investment Strategy Overview to learn more about the Fund, it's investment objective, earmarking process, and extensive CRA reporting.
LEARN MORECRA Investing Survey: 7th Edition
Download our most recent CRA Investing Survey to hear from banks about CRA investing requirements, innovative CRA investments, and latest regulatory updates.
LEARN MORECommunity Investor Newsletter
Check out our latest Community Investor Newsletter featuring CRA hot topics, recent CRA-related publications, and highlights of CRA investments.
LEARN MORE*Effective March 1, 2021 the Fund’s name changed from CRA Qualified Investment Fund to CCM Community Impact Bond Fund.
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. The Fund is non-diversified.
The Bloomberg 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, CMBS) constraint. You cannot invest directly in an index.
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 Community Impact Bond 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.
