The CCM Community Impact Bond Fund* Retail 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 or impact themes, a benefit accompanied by impact reporting.
| Asset Class | Fixed Income |
| Ticker | CRATX |
| Inception | 3/2/07 |
| Dividends | Monthly |
| Benchmark | Bloomberg Intermediate U.S. Aggregate Index |
| Expense Ratio | 0.80% |
| Strategy | Intermediate Core |
| Month-End Data as of 05/31/2022 | |
|---|---|
| NAV | $9.82 |
| Distribution | 0.012336 |
| 30-Day SEC Yield | 1.67 |
| Total Fund Assets | $3.3 billion |
| Impact and ESG Highlights | |
|---|---|
| Impact Targeting | No |
| Impact Reporting | Yes |
| Fossil Fuel Free | Yes |
| YTD | 1-YR | 5-YR | 10-YR | Since Inception | ||
| CRATX | -6.15 | -6.93 | 0.39 | 0.88 | 2.36 | |
| Bloomberg Intermediate U.S. Aggregate Index | -6.30 | -6.69 | 1.09 | 1.52 | 2.99 |
| 1Q22 | YTD | 1-YR | 5-YR | 10-YR | Since Inception | |
| CRATX | -4.37 | -4.37 | -4.61 | 1.05 | 1.26 | 2.52 |
| Bloomberg Intermediate U.S. Aggregate Index | -4.69 | -4.69 | -4.38 | 1.67 | 1.81 | 3.14 |
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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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.
