nbsp;On Monday, March 18, a press release requesting comments on proposed revisions to the CRA Interagency Questions and Answers was issued. If you have any questions on the proposed revisions, please email Barbara VanScoy. We will be publishing a white paper and hosting a webinar once the comments are finalized.
The Community Reinvestment Act (CRA) Qualified Investment Fund CRA Shares (Ticker: CRAIX) were created to help banks garner positive consideration on the Investment Test portion of their CRA exams. The CRA, created in 1977, mandates that banks make capital available to the low- and moderate-income communities which they serve.
Out of approximately 800 CRA exams, every shareholder has earned positive consideration for their investment in the Fund.*
|Minimum Initial Investment||$500,000|
|Month-End Data (as of 11/29/13)|
|30-Day SEC Yield||2.01%|
|Total Net Assets (all share classes)||$1,571,349,856|
|Fund Average Annual Returns (as of 10/31/13) - Latest Month|
|Fund Average Annual Returns (as of 9/30/13) - Latest Quarter|
CRA Shares inception date: 8/30/99. 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.
|Portfolio Compostition (as of 9/30/13)|
|Multifamily Agency MBS 1||47.5%|
|Single Family Agency MBS||24.7%|
|Taxable Municipal Bonds 2||20.4%|
|Small Business Administration Pools/Loans||3.0%|
Quality Compostition (as of 9/30/13) 4
|Top Ten Holdings (as of 9/30/13) 6|
|Invesco Short Term||2.80%|
1- Includes 0.15% in Community Reinvestment Fund (CRF) bonds (non-agency MBS).
4- As of 9/30/13, a total of 0.001% were not rated. All rated securities are rated by S&P, Moody's, and/or Fitch. If a security is rated by more than one of these organizations, the lowest rating assigned is shown. Ratings are measured on a scale that generally ranges from AAA (highes) to D (lowest).