Assets under management (AUM): $2140M (in US$ 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
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.
Minimum Account: $2,500
Screening Venue: In-house
Portfolio Management Team
Screening Database Used:
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 Guidelines or Policies: Not applicable
Proxy Voting Records: Not applicable
- Climate / Clean Technology: Positive Investment
- Pollution / Toxics: Positive Investment
- Other Environmental: Positive Investment - The fund utilizes a positive screen for investments that support environmentally sustainable initiatives.
- Community Development: Positive Investment - The fund utilizes a positive screen for investments that support community developed initiatives.
- Diversity & Equal Employment Opportunity: Positive Investment
- Alcohol: No Investment
- Animal Welfare: No Investment
- Defense/Weapons: No Investment
- Gambling: No Investment
- Tobacco: No Investment
Year-to-date rate of return: 4.2%
1-year rate of return: 6.01%
3-year rate of return: 1.42%
5-year rate of return: 2.26%
10-year rate of return: 2.71%
Previous year rate of return: 0.3%
Management fee: 0.3%
Expense ratio: 0.81%
Standard deviation: 2.4%
Benchmark used: Barclays Capital US Aggregate | External link (Opens in a new window)
Disclaimer: The CRA Qualified Investment Fund is distributed by SEI Investments Distribution Co. (SIDCo), 1 Freedom Valley Dr., Oaks, PA 19456. SIDCo is not affiliated with Community Capital Management. Investing involves risk, including possible loss of principal. Bonds and bond funds are subject to interest rate risk and will decline in value as interest rates rise. Carefully consider the fund's investment objectives, risks, 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 carefully before investing.