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CRA Shares (CRAIX)

CRA Fund CRA Shares The flagship Community Reinvestment Act (CRA) Qualified Investment Fund CRA Shares (Ticker: 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 which they serve. The CRA Fund is 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.  To learn more, please contact Jamie Horwitz. If you are a bank shareholder and have questions, please contact Jessica Botelho.

CRA Fund Highlights (as of 9/30/15):

  • Over 380 bank shareholders across the country
  • Out of 1,025 CRA exams, every shareholder has earned positive consideration for their investment in the Fund*
  • The Fund has invested over $5.7 billion in community development initiatives on behalf of its shareholders in all 50 states, Puerto Rico and the U.S. Virgin Islands
Fund Basics
CUSIP 20368N103
Inception Date 8/30/99
Dividend Frequency Monthly
Liquidity Daily
Expense Ratio 0.94%
Minimum Initial Investment $500,000
Benchmark Barclays Aggregate
Month-End Data (as of 9/30/15)
NAV $10.83
Distribution 0.019943
30-Day SEC Yield 1.96%
Total Net Assets (all share classes) $1,708,977,321
Effective Duration 4.63
Fund Average Annual Returns (as of 9/30/15) - LATEST MONTH
  YTD 1-YR 5-YR 10-YR Since Inception
CRA Shares 2.16% 3.63% 2.43% 3.70% 4.48%
Benchmark 1.13% 2.94% 3.10% 4.64% 5.44%
Fund Average Annual Returns (as of 9/30/15) - LATEST QUARTER
  3Q15 YTD 1-YR 5-YR 10-YR Since Inception
CRA Shares 1.47% 2.16% 3.63% 2.43% 3.70% 4.48%


1.13% 2.94% 3.10% 4.64% 5.44%

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. 

* As of September 30, 2015. CRA exams conducted by FDIC, OCC, and FRB.  These regulators have not approved or disapproved of the Fund.
Mutual fund investing involves risk including the loss of principal.  Bond 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 risks, investment objectives, charges and expenses of the Fund before investing. Mutual fund investing involves risk including the loss of principal. The prospectus contains this and other important information. The prospectus is available via the link above.  Please read the prospectus carefully before investing.  The CRA Qualified Investment Fund is distributed by SEI Investments Distribution Co. (SIDCO), 1 Freedom Valley Drive, Oaks, PA 19456, which is not affiliated with Community Capital Management or any other affiliate.

CRAIX Documents

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