CCM Community Impact Bond Fund
CRA Shares (CRAIX)

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, read our 2023 perspective, How CRAIX can help your Bank with its CRA Investments.

Fund Facts
Asset Class Fixed Income
Ticker CRAIX
Inception 8/30/99
Dividends Monthly
Benchmark Bloomberg Intermediate U.S. Aggregate Index
Expense Ratio 0.89%
Strategy Intermediate Core
Month-End Data as of 1/31/2024
NAV $9.43
Distribution 0.026396
30-Day SEC Yield 2.85
Total Fund Assets $3.4 billion
CRA Highlights as of 12/31/2023
Bank Shareholders >390
CRA Exams >1,675
CCM Impact $15 billion
Average Annual Returns % as of 1/31/2024
Average Annual Returns % as of 12/31/2023
Monthly
Quarterly
Monthly
Quarterly
Monthly
Quarterly
  YTD 1-YR 5-YR 10-YR Since Inception
CRAIX 0.07 1.58 0.02 0.83 3.05
Bloomberg Intermediate U.S. Aggregate Index 0.00 2.76 0.97 1.50 3.78
  4Q23 YTD 1-YR 5-YR 10-YR Since Inception
CRAIX 5.37 4.00 4.00 0.13 0.97 3.06
Bloomberg Intermediate U.S. Aggregate Index 5.50 5.18 5.18 1.14 1.62 3.80

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

How CRAIX Can Help Your Bank

Read our 2023 perspective, How CRAIX Can Help Your Bank With its CRA Investments, to learn more about the Fund, its earmarking process, and its extensive CRA reporting.

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CRA Investing Survey: 8th Edition

Download our most recent CRA Investing Survey to hear from banks about CRA investing requirements, innovative CRA investments, and latest regulatory updates.

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Community Investor Newsletter

Check out our latest Community Investor Newsletter featuring CRA hot topics, recent CRA-related publications, and highlights of CRA investments.

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*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. There is no guarantee the objective of the Fund will be achieved. This fund involves impact and ESG Risk. The Adviser may select or exclude securities of certain companies for reasons other than performance and, as a result, the Fund may underperform other funds that do not use an impact and ESG screening process. Impact and ESG investing is qualitative and subjective by nature. There is no guarantee that impact and ESG criteria used by the Adviser will reflect beliefs or values of any particular investor.

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.

2022 Annual Impact Report

To learn more about CCM's impact, read our 2022 Annual Impact Report

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