CCM Community Impact Bond Fund
Institutional Shares (CRANX)

The CCM Community Impact Bond Fund* Institutional Shares (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, impact themes, or impact initiatives, a benefit accompanied by impact reporting.

Fund Facts
Asset Class Fixed Income
Ticker CRANX
Inception 3/2/07
Dividends Monthly
Benchmark Bloomberg Intermediate U.S. Aggregate Index
Expense Ratio 0.45%
Strategy Type Intermediate Core
Month-End Data as of 07/31/2022
NAV $9.87
Distribution 0.016806
30-Day SEC Yield 2.12
Total Fund Assets $3.3 billion
Impact and ESG Highlights
Impact Targeting Yes
Impact Reporting Yes
Fossil Fuel Free Yes
Average Annual Returns % as of 07/31/2022
Average Annual Returns % as of 06/30/2022
Monthly
Quarterly
Monthly
Quarterly
Monthly
Quarterly
  YTD 1-YR 5-YR 10-YR Since Inception
CRANX -5.22 -6.41 0.88 1.22 2.74
Bloomberg Intermediate U.S. Aggregate Index 5.48 6.58 1.22 1.50 3.02
  2Q22 YTD 1-YR 5-YR 10-YR Since Inception
CRANX -2.94 -7.01 -7.71 0.56 1.12 2.63
Bloomberg Intermediate U.S. Aggregate Index -2.93 -7.48 -7.91 0.88 1.38 2.89

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

Fixed Income Customization

Clients can customize their investment in the CCM Community Impact Bond Fund to focus on specific geographies, impact themes, or impact initiatives.

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Impact Investor Newsletter

Check out our latest Impact Investor Newsletter featuring impact investing hot topics, recent publications, highlights of impact investments, and upcoming events.

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How to Align your Impact Objectives

Watch our new video on how investor’s capital can align with their impact goals within the liquid fixed income segment of their portfolios.

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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.

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.

2021 Annual Impact Report

To learn more about CCM's impact, read our 2021 Annual Impact Report

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