INVESTMENT OBJECTIVE AND WHY INVEST
The CCM Small/Mid-Cap Impact Value Fund* (the Fund), previously the Quaker Small/Mid-Cap Impact Value Fund, seeks to provide long-term growth of capital. The Fund seeks to provide long-term growth of capital by investing in a concentrated, benchmark-agnostic portfolio of well-researched equities that are trading at valuations that do not reflect their full potential. The determination of value goes beyond just price—it is also a function of a company’s fundamentals, which are analyzed along multiple dimensions, including an assessment of its environmental, social, and governance (ESG) opportunities and risks.
|Benchmark||Russell 2500® Value Index|
|Gross Expense Ratio||2.66%|
|Net Expense Ratio**||1.83%|
|Estimated 2021 Capital Gains||None|
|Month-End Data as of 12/31/2021|
|Total Funds Assets||$21 million|
|Impact Classification as of 09/30/2021|
|Strong Positive Impact||25.2|
|Moderate Positive Impact||13.1|
Our impact and ESG classification divides investments into four categories: Strong Positive Impact, Moderate Positive Impact, Neutral Impact, and Negative Impact, read more our Impact and ESG policy at https:// www.ccminvests.com/impact/impact-esg-policy/
|CCM Small/Mid-Cap Impact Value Fund||35.53||35.53||10.71||5.97|
|Russell 2500® Value Index||27.78||27.78||18.31||9.75|
|CCM Small/Mid-Cap Impact Value Fund||11.27||35.53||35.53||10.71||5.97|
|Russell 2500® Value Index||6.36||27.78||27.78||18.31||9.75|
+Inception as of January 1, 2018
Performance data quoted represents past performance; past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Current performance of the fund may be lower or higher than the performance quoted. Performance data current to the most recent month end is available by calling us toll free at 888-272-0007. Returns over one year are annualized.
The Adviser has contractually agreed to waive all or a portion of its investment advisory fees and/or pay/reimburse expenses (excluding any Rule 12b-1 fees, taxes, interest, acquired fund fees and expenses, short sale dividend and interest expenses, brokerage fees, certain insurance costs, and nonroutine expenses or costs, including, but not limited to, those relating to reorganizations, litigation, conducting shareholder meetings, liquidations and other extraordinary expenses) in order to prevent total annual fund operating expenses from exceeding 1.30% of the Fund’s average daily, net assets through October 30, 2020. Pursuant to its expense limitation agreement with the Fund, the Adviser is entitled to recoup any fees that it waived and/or Fund expenses that it paid for a period of three years following such fee waivers and expense payments, to the extent that such recoupment by the Adviser will not cause the Fund to exceed any applicable expense limitation that was in place for the Fund when the fees were waived or expenses were paid. These waivers and reimbursements may be terminated at any time with respect to the Fund by its Board of Trustees upon sixty (60) days’ written notice to the Adviser without payment of any penalty and shall automatically terminate upon the termination of the Fund’s advisory contract with the Adviser.
The Russell 2500® Value Index measures the performance of those Russell 2500 companies with lower price-to-book ratios and lower forecasted growth values. You cannot invest directly in an index. The Fund’s returns after January 1, 2018 reflect the Adviser’s investment philosophy and strategies.
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There’s no guarantee that a strategy will be successful. Mutual fund investing involves risk including the possible loss of principal. The Fund invests in smaller companies (generally less than $1.5 billion market capitalization). Smaller companies can be riskier investments than larger companies. The Fund invests in companies that appear to be “undervalued” in the marketplace (i.e. trading at prices below the company’s true worth). If the Fund’s perceptions of value are wrong, the securities purchased may not perform as expected, reducing the Fund’s return.
Fund holdings, sector allocations, and asset allocations are subject to change and are not recommendations to buy or sell any security. Consider a fund’s investment objectives, risks, charges, and expenses carefully before investing. The Statutory, and where available, the Summary Prospectuses contain this and other important information and are available for download at www.ccminvests.com or by calling 888-272-0007. Read carefully before investing.
Source: Fund data provided by Quaker Investment Trust. The CCM Funds are distributed by Foreside Fund Services, LLC.
*Effective October 28, 2020 the Fund’s name changed from Quaker Small/Mid-Cap Impact Value Fund to CCM Small/Mid-Cap Impact Value Fund. Impact/ESG investing is qualitative and subjective by nature. There is no guarantee that Impact/ESG criteria used by the Adviser will reflect beliefs or values of any particular investor. Common stock risks include the financial risk of selecting individual companies that do not perform as anticipated, the risk that the stock markets in which the Fund invests may experience periods of turbulence and instability, and the general risk that domestic and global economies may go through periods of decline and cyclical change. Recent Market Events Risk – The effects of COVID-19 may lead to a substantial economic downturn or recession in the U.S. and global economies, the recovery from which is uncertain and may last for an extended period of time. As a result of this significant volatility, many of the risks discussed herein associated with an investment in the Fund may be increased.
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/ESG screening process. Impact/ESG investing is qualitative and subjective by nature. There is no guarantee that impact/ESG criteria used by the Adviser will reflect beliefs or values of any particular investor.