• Revitalizing America

  • A Leader in Fixed Income Impact Investing

  • Positively Impacting
    Families and Communities in Need

  • Specialists in Managing Green Bond Portfolios

CRA QUALIFIED INVESTMENT FUND

Community Capital Management (CCM) is the registered investment adviser to the CRA Qualified Investment Fund, a market-rate bond fund that invests in high credit quality fixed income securities whose proceeds are designed to positively impact communities throughout the United States.  

The CRA Fund offers investors three share classes:

Fund Share Class CRA
(CRAIX)
Institutional
(CRANX)
Retail
(CRATX)
Overall Morningstar Rating*
(as of 12/31/16) out of 255 funds

*Based on risk-adjusted return within the Intermediate Government Category.                                                                                          Check the firm’s background on FINRA's BrokerCheck


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.  The Fund is non-diversified.

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 it carefully before investing.

© 2016 Morningstar. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. 

 

 

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 ten-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. The CRA Qualified Investment Fund was rated against the following numbers of U.S.-domiciled Intermediate Government funds over the following time periods: 255 funds in the last three years, 240 funds in the last five years, and 176 funds in the last ten years. With respect to these Intermediate Government funds, the CRA Qualified Investment Fund CRA share class received a Morningstar Rating of three stars, three stars, and two stars for the three-, five-, and ten-year periods, respectively. The CRA Qualified Investment Fund Institutional share class received a Morningstar Rating of four stars, four stars, and three stars for the three-, five-, and ten-year periods, respectively.  The CRA Qualified Investment Fund Retail share class received a Morningstar Rating of three stars, for the three-, five-, and ten-year periods.