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Sustainable & Responsible Mutual Fund Chart

Fund Profile:
CRA Qualified Investment - CRA Download as PDF for Printing PDF Download

Jump to: General Fund Information | Fund Institution Information | Account Minimums | Methodology | Proxy Voting Information | Specific Screening Information by Category | Performance Data


General Fund Information - [Return to Top]

Ticker: CRAIX

Assets under management (AUM): $2003.3M (in US$ millions) - See other performance data below

General Fund Type: Bond (Fixed Income)

Specific Sizes or Types of Investments: --

Financial Objective: A high level of current income consistent with the preservation of capital.

Specific ESG Focus: All fund assets support vital community development activities such as affordable housing, environmentally sustainable initiatives, affordable healthcare, job creation programs, small business development, healthy communities and neighborhood revitalization.

To invest, call: (877) 272-1977

 


Institution Name:
Community Capital Management

Mutual Funds Description: Community Capital Management, Inc. ("CCM") was established in 1998 and is an SEC Registered Investment Advisor. CCM manages the CRA Qualified Investment Fund which invests in high credit quality, market-rate fixed-income securities that finance community and economic development. The core economic activities supported by these investments include affordable homeownership and rental housing, environmentally sustainable initiatives, job creation and training programs, and neighborhood revitalization projects.

Contact info:
2500 Weston Rd.
Weston, FL 33331
United States
Phone: (954)217-7999
Fax: (954)385-9299
Email: jhorwitz@ccminvests.com
Web: 2500 Weston Rd. (Opens in a new window)

 

Account Minimums - [Return to Top]

Minimum Account: Varies

Minimum IRA: Varies

 

Methodology - [Return to Top]

Screening Venue: In-house

Screening Party: Portfolio Management Team

Screening Database Used: None

Screening Process: Investments must meet the �community development/reinvestment� guidelines as determined by the Community Reinvestment Act (�CRA�). The CRA Qualified Investment Fund is a bond fund that invests in debt and mortgage related securities. We do not invest in companies. We utilize a proactive screen by which 100% of the portfolio is in community investments.

 

Proxy Voting Information - [Return to Top]

Proxy Voting Guidelines or Policies: Not available because all holdings are debt and mortgage related securities.

Proxy Voting Records: N/A

 

Specific Screening Information by Category - [Return to Top]

Environment

  • Climate / Clean Technology: Positive Investment
  • Pollution / Toxics: Positive Investment
  • Other Environmental: Positive Investment

Social

  • Community Development: Positive Investment
  • Diversity & Equal Employment Opportunity: Positive Investment

Governance

    Products

    • Alcohol: Restricted/Exclusionary Investment
    • Animal Welfare: Restricted/Exclusionary Investment
    • Defense/Weapons: Restricted/Exclusionary Investment
    • Gambling: Restricted/Exclusionary Investment
    • Tobacco: Restricted/Exclusionary Investment

    Other


      Performance Data - [Return to Top]

      Data provided by: Bloomberg logo - Information current as of April 30, 2017

      Year-to-date rate of return: 1.28%

      1-year rate of return: -0.03%

      3-year rate of return: 2.09%

      5-year rate of return: 1.32%

      10-year rate of return: 3.24%

      Previous year rate of return: 0.62%

      Management fee: 0.3%

      Expense ratio: 0.91%

      Standard deviation: 2.58%

      Benchmark used: Barclays Capital US Aggregate | External link (Opens in a new window)

      Disclaimer: The CRA Qualified Investment Fund CRA Shares is distributed by SEI Investments Distribution Co., which is not affiliated with Community Capital Management. Investing involves risk, including possible loss of principal. Carefully consider the Fund's investment objectives, risk, and charges and expenses. This and other information can be found in the Fund's prospectus which can be obtained by calling 866.202.3573. Please read the prospectus carefully before investing.


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