CRA Investors
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.*
| Fund Basics | |
|---|---|
| Ticker/NAV | |
| CUSIP | 204029102 |
| 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 4/30/13) | |
|---|---|
| NAV | 11.13 |
| Distribution | 0.019018 |
| 30-Day SEC Yield | 1.94% |
| Total Net Assets (all share classes) | $1,533,799,403 |
| Effective Duration | 4.75 |
| Fund Average Annual Returns (as of 4/30/13) - Latest Month | |||||
|---|---|---|---|---|---|
| YTD | 1-YR | 5-YR | 10-YR | Since Inception | |
| CRA Shares | 0.43% | 2.68% | 4.73% | 4.10% | 5.09% |
| Benchmark | 0.89% | 3.68% | 5.72% | 5.04% | 6.12% |
| Fund Average Annual Returns (as of 3/31/13) - Latest Quarter | ||||||
|---|---|---|---|---|---|---|
| 1Q13 | YTD | 1-YR | 5-YR | 10-YR | Since Inception | |
| CRA Shares | -0.19% | -0.19% | 3.10% | 4.46% | 4.08% | 5.07% |
| Benchmark | -0.12% | -0.12% | 3.77% | 5.47% | 5.02% | 6.08% |
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 3/31/13) | |
|---|---|
| Multifamily Agency MBS 1 | 47.0% |
| Single Family Agency MBS | 27.2% |
| Taxable Municipal Bonds 2 | 19.7% |
| Small Business Administration Pools/Loans | 2.3% |
| Money Markets | 2.3% |
| Other 3 | 1.5% |
|
Quality Compostition (as of 3/31/13) 4 |
|
|---|---|
|
Government/Agency 5 |
79.2% |
| AAA | 7.3% |
| AA | 11.2% |
| A | 2.0% |
| BBB | 0.2% |
| CCC | 0.1% |
| Top Ten Holdings (as of 3/31/13) 6 | |
|---|---|
| Dreyfus Treasury | 2.21% |
| GNMA 2.25% | 1.57% |
| FN 5.0% | 1.29% |
| FN 4.5% | 1.08% |
| GNMA 4.5% | 0.99% |
| FN 6.0% | 0.99% |
| FN 2.45% | 0.97% |
| UTAH HSG CORP | 0.83% |
| GNMA 2.04% | 0.81% |
| FN 2.77% | 0.81% |
1- Includes 0.19% in Community Reinvestment Fund (CRF) bonds (non-agency MBS).
4- As of 3/31/13, a total of 0.03% of the Fund's assets were rated BB and 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).
CRAIX Documents
-
1Q13 Fact Sheet -
Application
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Prospectus
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Annual Report
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Semi-Annual Report
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Proxy Voting Record
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Prospectus XBRL
The Interactive Data (SBRL) file includes certain information contained in the Fund’s prospectus The XBRL File may only be viewed with an Interactive Data Viewer. The SEC provides a viewer for XBRL files.
