Community Reinvestment Act Qualified Investment Fund Retail Class
CRATX
NASDAQ- -
USD
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- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- Weston, IL 33331 Weston IL United States of America 33331
- IPO Date
- Mar 2, 2007
- CIK
- 0001078195
- Website
- ccminvests.com
- Similar Companies
- Business
- CCM Community Impact Bond Fund Retail Shares (CRATX) is an open-end investment company that provides a high level of current income consistent with capital preservation through an investment-grade, intermediate-duration bond strategy focused on positive societal impact. The fund invests at least 80% of its net assets in bonds, including debt securities and other instruments meeting the adviser's impact criteria, primarily emphasizing the use of bond proceeds for environmental and social outcomes, with most qualifying under the Community Reinvestment Act (CRA) of 1977; key sectors encompass agency mortgage-backed securities (31.26%), agency commercial mortgage-backed securities (28.20%), taxable municipals (13.18%), corporate bonds (12.79%), U.S. Treasury securities (8.32%), non-agency asset-backed securities (3.26%), and others, financing initiatives such as affordable housing, seniors and veterans care, environmental sustainability, enterprise development, education, and workforce homeownership programs. It offers monthly distributions, customized impact targeting and reporting for qualifying shareholders in related share classes (with retail shares providing quarterly financial and impact updates), and maintains fossil fuel-free investments while allowing select transition-related bonds. Launched on March 2, 2007, by Community Capital Management, LLC (founded 1998 and headquartered in Westwood, Massachusetts), the Retail Shares (CRATX) targets individual investors alongside CRA Shares (CRAIX, launched 1999 for banks) and Institutional Shares (CRANX), serving nearly 400 banks nationwide, faith-based organizations, endowments, foundations, healthcare entities, non-profits, public funds, and high-net-worth individuals. The fund operates principally in the United States, with impact allocations across all states (e.g., significant exposure in California, New York, Texas, Florida, and national/multi-state projects totaling $571.3 million as of June 30, 2025) and Puerto Rico, supporting over 2,500 holdings with $3.7 billion in total assets, an effective duration of 4.35 years, and a 30-day SEC yield of 3.16% for CRATX (expense ratio 0.77%). In March 2021, the fund rebranded from CRA Qualified Investment Fund to CCM Community Impact Bond Fund across share classes to better reflect its expanded impact focus. Recent developments include the 2024 launch of a first-time homebuyer initiative, enabling targeted investments in bonds financing mortgage loans to low- and moderate-income (LMI) individuals and workforce buyers, along with down-payment assistance programs, attracting $333 million by September 2024 to support hundreds of loans. Portfolio management updates feature Alex Alario joining as portfolio manager in October 2024, complementing the team led by Andy Kaufman (Chief Investment Officer since 2015) and Elliot Gilfarb (Head of Fixed Income since 2012), amid assets growing to $3.82 billion. The fund continues to emphasize intermediate core bond diversification, with top holdings including Comcast Corporation, U.S. Treasury Notes, Bank of America, and Prologis as of late 2025.