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Retail Investors

The CRA Qualified Investment Fund Retail Shares (Ticker: CRATX) were created due to demand from individual investors and their advisors interested in the Fund’s impact investing strategy. In this share class, individual investors have the opportunity to invest in a mutual fund that proactively screens for investments that support community development such as affordable housing, job creation, small business development, and environmentally sustainable initiatives.

Fund Basics
Ticker/NAV
CUSIP 204029300
Inception Date 3/2/07
Dividend Frequency Monthly
Liquidity Daily
Expense Ratio 0.83%
Minimum Initial Investment $2,500
Benchmark Barclays Aggregate
Month-End Data (as of 3/31/14)
NAV $10.55
Distibution 0.019851
30-Day SEC Yield 2.13%
Total Net Assets (all share classes) $1,525,875,010
Effective Duration 4.91
Fund Average Annual Returns (as of 3/31/14) - Latest Month
  YTD 1-YR 5-YR 10-YR Since Inception
Retail Shares 1.13% -2.27% 3.15% 3.48% 3.71%
Benchmark 1.84% -0.10% 4.80% 4.46% 5.65%
Fund Average Annual Returns (as of 3/31/14) - Latest Quarter
  1Q14 1-YR 5-YR 10-YR Since Inception
Retail Shares  1.13% -2.27 3.15% 3.48% 3.71%
Benchmark 1.84% -0.10 4.80% 4.46% 5.65%

3-month and YTD returns are not annualized. Retail Shares inception date: 3/2/07. Performance prior to March 31, 2007 is that of the CRA Shares (CRAIX). Expenses for the Retail Shares are lower than the CRA Shares. 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 Composition (as of 3/31/14)
Multifamily Agency MBS 1 48.0%
Single Family Agency MBS 23.8%
Taxable Municipal Bonds 2 20.8%
Small Business Administration Pools/Loans 3.9%
Money Markets 2.2%
Other 3 1.3%
Quality Composition (as of 3/31/14) 4
Government/Agency 5 78.2%
AAA 7.4%
AA 12.7%
A 1.7%

 

Top Ten Holdings (as of 3/31/14) 6
Dreyfus Treas 2.12%
GN AC6885 1.19%
GNR 2012-111 AB 1.12%
FN 890230 1.08%
G2 783417 0.87%
FN 890226 0.82%
FNMA 30 YR TBA APRIL 4% 0.71%
KY HSG-B-TXBL (3%) 0.70%
G2 783418 0.69%
FN 467315 0.68%

 

1- Includes 0.16% in Community Reinvestment Fund (CRF) bonds (non-agency MBS).
2- Includes 1.2% in Alternative Minimum Tax Bonds and 0.4% in Tax-Exempt Muncicipal Bonds.
3- Other includes  0.9% in U.S. Government and  0.4% in U.S. Credit.
4- As of 3/31/14, 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(highest) to D (lowest).
5- Govt./Agency includes mortgage backed-securities and asset-backed securities that are issued by the U.S. Government and government agencies.
6- Holdings are subject to change.
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) which is not affiliated with Community Capital Management or any other affiliate.

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