CRA Shares (CRAIX)
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 6/30/15):
- Over 380 bank shareholders across the country
- Out of over 1,000 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
|Minimum Initial Investment||$500,000|
|Month-End Data (as of 7/31/15)|
|30-Day SEC Yield||1.88%|
|Total Net Assets (all share classes)||$1,681,025,541|
|Fund Average Annual Returns (as of 7/31/15) - LATEST MONTH|
|Fund Average Annual Returns (as of 6/30/15) - LATEST QUARTER|
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.