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 1,200 CRA exams (as of 12/31/17).
- 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.
FUND FACTS & PERFORMANCE
|TICKER||Morningstar Category as of 2/28/18*||OVERALL||3 YEAR||5 YEAR||10 YEAR|
|Benchmark||Bloomberg Barclays Intermediate U.S. Aggregate|
|MONTH-END DATA as of 2/28/18|
|30-Day SEC Yield||2.26%|
|Total Fund Assets||$2,098,577,544|
|Bloomberg Barclays US Aggregate Bond Index||-2.09%||0.51%||1.71%||3.60%||4.91%|
|Bloomberg Barclays Intermediate US Aggregate Bond Index||-1.50%||0.10%||1.39%||3.17%||4.57%|
|Bloomberg Barclays U.S. Aggregate Bond Index||0.46%||3.54%||3.54%||2.10%||4.01%||4.18%|
*As of 12/31/17; 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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The Morningstar RatingTM for funds, or “star rating”, is calculated for managed products (including mutual funds, variable annuity and variable life subaccounts, exchange-traded funds, closed-end funds, and separate accounts) with at least a three-year history. Exchange-traded funds and open-ended mutual funds are considered a single population for comparative purposes. It is calculated based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a managed product’s monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance. The top 10% of products in each product category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. The Overall Morningstar Rating for a managed product is derived from a weighted average of the performance figures associated with its three-, five-, and 10-year (if applicable) Morningstar Rating metrics. The weights are: 100% three- year rating for 36-59 months of total returns, 60% five-year rating/40% three-year rating for 60-119 months of total returns, and 50% 10-year rating/30% five-year rating/20% three-year rating for 120 or more months of total returns. While the 10-year overall star rating formula seems to give the most weight to the 10-year period, the most recent three-year period actually has the greatest impact because it is included in all three rating periods.