CRA Qualified Investment Fund:
CRA Shares (CRAIX)

The CRA Fund (CRA Shares) was launched in 1999 as a vehicle to help banks meet the investment test requirements of the CRA. Its investment objective is to provide (1) a high level of current income consistent with the preservation of capital and (2) investments that will be deemed to be qualified under the Community Reinvestment Act (CRA) of 1977.  The CRA Act of 1977 is intended to encourage depository institutions to help meet the credit needs of their entire communities, including low- and moderate-income neighborhoods, and CRA regulators encourage institutions to make sustainable, responsible and impactful investments.

  • CRA Reporting: We provide 400+ bank clients with customized CRA reporting in over 1,300 CRA exams (as of 3/31/18).
  • Experience and Service: Since 1999, we have helped banks of all sizes nationwide with their CRA investments. We are always available to support our shareholders before, during, and after their CRA exams.
  • Liquidity: The CRA Fund is an open end mutual fund offering daily liquidity with no redemption fees.
  • Diversification: The CRA Fund is diversified both geographically and by product type. The portfolio is a mix of high credit quality bonds across multiple sectors of the bond market, while still meeting community development objectives.


TICKER Morningstar Category as of 3/31/18* OVERALL 3 YEAR 5 YEAR 10 YEAR
CRAIX Intermediate Government
(229 funds)

(229 Funds)

(219 funds)

(165 funds)
*Based on risk-adjusted return
Ticker CRAIX
Inception 8/30/99
Dividends Monthly
Benchmark Bloomberg Barclays Intermediate U.S. Aggregate Index
Expense Ratio 0.90%
MONTH-END DATA as of 3/29/18
NAV $10.37
Distribution 0.019772
30-Day SEC Yield 1.98%
Total Fund Assets $1,981,501,895
  YTD 1-YR 5-YR 10-YR Since Inception
CRAIX -1.07% 0.55% 0.88% 2.65% 3.93%
Morningstar Category -1.18% -0.06% 0.83% 2.78% N/A
Bloomberg Barclays Intermediate U.S. Aggregate Index -1.05% 0.51% 1.45% 3.18% 4.57%
  1Q18 YTD 1-YR 5-YR 10-YR Since Inception
CRAIX -1.07% -1.07% 0.55% 0.88% 2.65% 3.93%
Morningstar Category -1.18% -1.18% -0.06% 0.83% 2.78% N/A
Bloomberg Barclays Intermediate U.S. Aggregate Index -1.05% -1.05% 0.51% 1.45% 3.18% 4.57%

*As of 3/31/18; based on risk-adjusted returns
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. 

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.

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 CRA Qualified Investment 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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