CRA Shares (CRAIX)
The flagship Community Reinvestment Act (CRA) Qualified Investment Fund CRA Share Class (Ticker: CRAIX), launched in 1999, is a vehicle to help banks meet the investment test 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 3/31/17):
- Approximately 400 bank shareholders across the country
- The Fund's shareholders have been through 1,166 CRA exams
The Fund has invested over $6.6 billion in community development initiatives on behalf of its shareholders in all 50 states, Puerto Rico and the U.S. Virgin Islands
|Morningstar Ratings (as of 3/31/17; based on risk-adjusted return)|
|Fund Name||Morningstar Category||
|3 YR||5 YR||10 YR|
CRA Share Class
|Minimum Initial Investment||$500,000|
|Benchmark||Bloomberg Barclays Aggregate|
|Month-End Data (as of 4/28/17)|
|30-Day SEC Yield||1.81%|
|Total Net Assets (all share classes)||$ 2,003,299,659.00|
|Fund Average Annual Returns (as of 3/31/17) - LATEST MONTH|
|Fund Average Annual Returns (as of 3/31/17) - 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.
Carefully consider the risks, investment objectives, charges and expenses of the Fund before investing. 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.
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