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 | 0.84% |
| Minimum Initial Investment | $2,500 |
| Benchmark | Barclays Aggregate |
| Month-End Data (as of 4/30/13) | |
|---|---|
| NAV | $11.12 |
| Distibution | 0.019937 |
| 30-Day SEC Yield | 2.04% |
| 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 | |
| Retail Shares | 0.56% | 2.88% | 4.85% | 4.15% | 4.78% |
| 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 | |
| Retail Shares | -0.16% | -0.16% | 3.12% | 4.56% | 4.12% | 4.73% |
| Benchmark | -0.12% | -0.12% | 3.77% | 5.47% | 5.02% | 6.08% |
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 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% |
2- Includes 2.46% in Alternative Minimum Tax bonds.
3- Other: 1.0% in U.S. Government; 0.5% in U.S. Credit; 0.05 in Tax-Exempt Municipals.
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(highest) to D (lowest).
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.
CRATX Fund Documents
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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.
