CRA Qualified Investment Fund Background

Community Capital Management, Inc. (CCM) is the registered investment adviser to the CRA Qualified Investment Fund (the “Fund”).  The flagship CRA Shares (CRAIX) was launched in 1999 as a vehicle to help banks meet the requirements of the CRA.  The CRA, created in 1977, mandates that banks make capital available to the low- and moderate-income communities in which they serve.  In 2007, due to increased demand from non-financial institutions interested in the Fund’s impact investing strategy, two new share classes were introduced – the Institutional Shares (CRANX) and the Retail Shares (CRATX). 

Investment Objective

The Fund’s 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 CRA of 1977.

Investment Philosophy

The Fund invests primarily in government-related subsectors of the bond market traditionally excluded from the major bond market indices.  The belief is that these government-related subsectors are chronically undervalued and may offer a relative yield advantage, and an opportunity to generate above-average, risk-adjusted returns with lower volatility and lower credit risk than the Fund’s benchmark (Barclays Aggregate Bond Index)

What's New

  • February 2015: CCM issues 2014 Annual Impact Report.  Download a copy of the report here.  The report includes a yearly review of the firm's impact metrics.  A webinar on the report is being held on Tuesday, February 24 at 2pm ET.  Speakers include Barbara VanScoy, chief impact investment officer, and David Sand, chief investment strategist. Webinar registration is available here.

  • December 2014: Webinar Replay Now Available: CRA Fund Shareholder Communication.  Speakers included Barbara VanScoy, Co-Founder and Chief Impact Investment Officer, Community Capital Management and Jessica Botelho, Associate Director, Shareholder Relations, Community Capital Management. To listen the replay, please click here.

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.