CCM Community Impact Bond Fund
Retail Shares (CRATX)

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.

Fund Facts
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 4/30/2024
NAV $9.14
Distribution 0.023124
30-Day SEC Yield 3.25
Total Fund Assets $3.4 billion
Impact and ESG Highlights
Impact Targeting (in CRATX) No
Impact Reporting Yes
Average Annual Returns % as of 4/30/2024
Average Annual Returns % as of 3/28/2024
  YTD 1-YR 5-YR 10-YR Since Inception
CRATX -2.12 -0.85 -0.60 0.67 1.95
Bloomberg Intermediate U.S. Aggregate Index -2.29 -2.45 0.20 1.19 2.61
  1Q24 YTD 1-YR 5-YR 10-YR Since Inception
CRATX -0.23 -0.23 1.49 -0.19 0.94 2.07
Bloomberg Intermediate U.S. Aggregate Index -0.42 -0.42 2.30 0.60 1.45 2.74

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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*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.

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