CRAIX

About CRAIX

The CCM Community Impact Bond Fund CRA Shares is an investment-grade mutual fund specializing in intermediate-duration fixed income securities. Its primary objective is to provide a high level of current income while preserving capital. Distinctively, the fund invests in bonds that are expected to generate tangible positive social and environmental impacts, with the majority of its holdings qualifying under the Community Reinvestment Act (CRA) of 1977. This makes it particularly relevant for institutions and banks looking to meet regulatory requirements for community development initiatives. The fund's portfolio consists mainly of U.S. government-backed and investment-grade corporate bonds, diversified across sectors including government, corporate, and securitized debt. Shareholders benefit from highly customized reporting, especially important for bank clients targeting specific assessment areas for CRA compliance. The CCM Community Impact Bond Fund has become one of the largest mutual funds dedicated to community development investing in the United States, underscoring its significant role in directing capital toward projects that support affordable housing, economic development, and other social impact themes. It is categorized within the intermediate core bond sector, offering both regular income and measurable societal benefits to its investors.