The CCM Community Impact Bond Fund* (the 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 while investing in well-researched bonds that have direct and measurable positive societal impacts.
The Fund’s impact criteria primarily focus on the use of bond proceeds and documentation of their expected environmental and social outcomes, with most bonds qualifying under the Community Reinvestment Act (CRA) of 1977. An additional offering is customization whereby shareholder meeting minimum requirements can tailor their capital to support specific geographies, impact themes, or impact initiatives, a benefit accompanied by customized impact reporting. The Fund invests in securities that we consider to be fossil fuel free. If we invest in a bond whose use of proceeds will be used to finance activities or projects in clean and renewable energy, or other activities that may contribute to the transition to a more sustainable economy, we may invest in those bonds even if the issuer’s revenue or profits are partially derived from the fossil fuel sector.
| Asset Class | Fixed Income |
| Ticker | CRATX |
| Inception | 3/2/07 |
| Dividends | Monthly |
| Benchmark | Bloomberg Intermediate U.S. Aggregate Index |
| Expense Ratio | 0.79% |
| Strategy | Intermediate Core |
| Month-End Data as of 10/31/2023 | |
|---|---|
| NAV | $9.16 |
| Distribution | 0.022140 |
| 30-Day SEC Yield | n/a |
| Total Fund Assets | $3.2 billion |
| Impact and ESG Highlights | |
|---|---|
| Impact Targeting (in CRATX) | No |
| Impact Reporting | Yes |
| YTD | 1-YR | 5-YR | 10-YR | Since Inception | ||
| CRATX | -2.52 | -0.57 | -0.63 | 0.30 | 2.87 | |
| Bloomberg Intermediate U.S. Aggregate Index | -1.28 | 1.22 | 0.28 | 0.89 | 3.55 |
| 3Q23 | YTD | 1-YR | 5-YR | 10-YR | Since Inception | |
| CRATX | -2.45 | -1.33 | -0.60 | -0.52 | 0.46 | 1.83 |
| Bloomberg Intermediate U.S. Aggregate Index | -1.89 | -0.30 | 1.42 | 0.42 | 1.06 | 2.51 |
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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