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CRANX CRA Qualified Investment Institutional

  • Fund
  • CRANX
  • Price as of: Aug 08, 2016
  • $10.88
  • - $0.00
  • - 0.00%
  • Category
  • Total Bond Market

CRANX - Profile

Vitals

  • YTD Return 1.7%
  • 3 Yr Annualized Return 3.4%
  • 5 Yr Annualized Return 2.9%
  • Net Assets $1.92 B
  • Holdings in Top 10 8.1%

52 WEEK LOW AND HIGH

$10.88
$10.70
$10.96

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.47%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 24.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$500,000

IRA

N/A

Investment Themes

CATEGORY

Total Bond Market
  • Fund Type Open End Mutual Fund
  • Investment Style Intermediate Government

Distributions

  • YTD Total Return 1.7%
  • 3 Yr Annualized Total Return 3.4%
  • 5 Yr Annualized Total Return 2.9%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.34%
DIVIDENDS
  • Dividend Yield 0.3%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name CRA Qualified Investment Fund
  • Fund Family Name Community Capital Management
  • Inception Date Mar 02, 2007
  • Shares Outstanding N/A
  • Share Class Inst
  • Currency USD
  • Domiciled Country United States
  • Manager Julie Egan

Fund Description

The fund will normally invest at least 90% of its net assets in debt securities and other debt instruments that the advisor believes will be CRA-qualifying. Such securities would include single-family, multi-family and economic development loan-backed securities. It may also invest up to 25% of its net assets in investment grade securities that are rated in the second or third highest rating categories. The fund is non-diversified.

CRANX - Performance

Return Ranking - Trailing

Period CRANX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 1.7% -29.9% 209.8% 44.45% 4
1 Yr 3.9% -15.9% 20.3% 42.80% 3
3 Yr 3.4% * -6.4% 10.4% 38.86% 2
5 Yr 2.9% * -3.4% 9.0% 50.13% 3
10 Yr 4.3% * -1.1% 10.2% 50.71% 3

* Annualized


Return Ranking - Calendar

Period CRANX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 -0.6% -51.0% 6.6% 7.88% 1
2014 N/A -0.4% 2.9% N/A N/A
2013 N/A -4.9% -0.8% N/A N/A
2012 N/A 0.8% 13.9% N/A N/A
2011 N/A -1.7% 3.8% N/A N/A

Total Return Ranking - Trailing

Period CRANX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 1.7% -8.1% 209.8% 45.13% 4
1 Yr 3.9% -19.0% 20.3% 32.71% 2
3 Yr 3.4% * -7.1% 10.4% 32.76% 2
5 Yr 2.9% * -4.3% 9.0% 45.01% 3
10 Yr 4.3% * -1.1% 10.2% 49.37% 3

* Annualized


Total Return Ranking - Calendar

Period CRANX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 -0.6% -51.0% 6.6% 7.89% 1
2014 N/A -0.3% 4.5% N/A N/A
2013 N/A -4.6% 0.6% N/A N/A
2012 N/A 1.4% 15.7% N/A N/A
2011 N/A -0.9% 5.5% N/A N/A

NAV & Total Return History

CRANX - Holdings

Filings data as of: Jun 30, 2016

Concentration Analysis

CRANX Category Low Category High CRANX % Rank Quintile
Net Assets 1.92 B 319 K 169 B 8.60% 2
Number of Holdings 985 1 17404 4.98% 1
Net Assets in Top 10 156 M -36 B 21.5 B 12.46% 3
Weighting of Top 10 8.1% 0.0% 1826.2% 29.20% 5

Top 10 Holdings

  1. FNMA 3.5% 1.16%
  2. GNMA 4.85% 0.99%
  3. FNMA 3.5% 0.91%
  4. FNMA 3.5% 0.85%
  5. FNMA 3.5% 0.77%
  6. FNMA 3.5% 0.73%
  7. FNMA 3.5% 0.72%
  8. GNMA CMO 2.35% 0.65%
  9. FNMA 3.5% 0.64%
  10. GNMA 3.1% 0.63%

Asset Allocation

Weighting Category Low Category High CRANX % Rank Quintile
Bonds
94.15% -175.98% 181.87% 8.49% 2
Cash
4.76% -82.73% 275.92% 20.55% 4
Other
1.09% -15.97% 117.15% 8.70% 2
Convertible Bonds
0.00% 0.00% 18.40% 5.29% 5
Preferred Stocks
0.00% -0.07% 17.65% 7.78% 5
Stocks
0.00% -5.60% 98.06% 5.39% 5

Bond Sector Breakdown

Weighting Category Low Category High CRANX % Rank Quintile
Securitized
75.05% 0.00% 275.57% 1.07% 1
Municipal
18.49% 0.00% 106.20% 1.07% 1
Corporate
3.25% 0.00% 502.59% 29.25% 5
Cash & Equivalents
1.52% -63.55% 811.66% 26.30% 5
Government
0.61% -990.83% 129.84% 26.14% 5
Derivative
0.00% -895.14% 18.41% 2.14% 4

Bond Geographic Breakdown

Weighting Category Low Category High CRANX % Rank Quintile
US
94.15% -513.97% 163.91% 2.14% 1
Non US
0.00% -5.42% 399.20% 27.31% 5

CRANX - Expenses

Operational Fees

CRANX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 0.47% 0.00% 42.51% 12.37% 1
Management Fee 0.30% 0.00% 2.15% 3.56% 2
12b-1 Fee N/A 0.00% 1.00% N/A N/A
Administrative Fee 0.06% 0.00% 0.63% 3.13% 2

Sales Fees

CRANX Fees (% of AUM) Category Low Category High CRANX Rank Quintile
Front Load N/A 0.00% 5.75% N/A N/A
Deferred Load N/A 0.15% 5.50% N/A N/A

Trading Fees

CRANX Fees (% of AUM) Category Low Category High CRANX Rank Quintile
Max Redemption Fee N/A 0.25% 2.00% N/A N/A

Turnover Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

CRANX Fees (% of AUM) Category Low Category High CRANX Rank Quintile
Turnover 24.00% 0.00% 1944.00% 15.42% 1

CRANX - Distributions

Dividend Yield Analysis

CRANX Category Low Category High CRANX % Rank Quintile
Dividend Yield 0.3% 0.00% 1.30% 14.56% 2

Dividend Distribution Analysis

CRANX Category Low Category High Category Mode
Dividend Distribution Frequency Monthly Annually Monthly Annually

Dividend Payout History


Net Income Ratio Analysis

CRANX Category Low Category High CRANX % Rank Quintile
Net Income Ratio 2.34% -1.76% 17.13% 11.65% 2

Capital Gain Distribution Analysis

CRANX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Daily Annually

CRANX - Managers

Julie Egan

Manager

Start Date

Dec 31, 2009

Tenure

6.59

Tenure Rank

4.4%

Julie is Director of Municipal Research, Portfolio Manager of Community Capital Management primarily responsible for municipal credit analysis and research. She also works with the portfolio management team in structuring new deals on behalf of clients. Julie was previously a Senior Municipal Research Analyst and Director at Evergreen Asset Management Corporation, Wachovia's asset management arm and currently Wells Cap. Prior to that, she was a Senior Municipal Research Analyst for John Nuveen & Company, Inc. in Chicago. Julie began her investment career in 1986 and holds a BBA in Finance from Kent State University and an MBA from Case Western Reserve University. She has been a consistent nominee for Smith's All-Star Municipal Analyst Team (Housing) and was elected to the 2012 All Star First Team in Housing. Julie serves on the Board of the National Federation of Municipal Bond Analysts and the Southern Municipal Finance Society. She also served as President for the Southern Municipal Finance Society from 2008 to 2010 and 2012. Julie is an associate member of the CFA Institute and the CFA North Carolina Society. Julie holds her FINRA Licenses: Series 6 & 63.


Elliot Gilfarb

Manager

Start Date

Oct 01, 2012

Tenure

3.83

Tenure Rank

6.0%

Elliot is a Senior Portfolio Manager and oversees the management of the firm’s separate accounts. His responsibilities include performing detailed portfolio analysis in addition to attribution and holdings analytics, creating quarterly and monthly performance client reports, and working with the portfolio managers in the evaluation and pricing of fixed income securities. Elliot formerly worked as a Financial Advisor at Morgan Stanley. He holds a BS in Finance from The University of Florida, is a CFA charterholder, and is a member of the CFA Society of South Florida. Elliot holds his FINRA Licenses: Series 7, 63 & 66.


Andy Kaufman

Manager

Start Date

Oct 30, 2015

Tenure

0.75

Tenure Rank

8.5%

Andy Kaufman is a Senior Portfolio Manager primarily responsible for security selection, tactical fixed income asset allocation and yield curve positioning. He also works with the portfolio management team on cash flow modeling, scenario analysis and return forecasts. Andy began his career at BlackRock Financial Management in New York City where he spent ten years as a fixed income analyst and portfolio manager. He joined BlackRock in the Portfolio Risk and Quantitative Analysis Group as an alternative investment portfolio analyst and quickly advanced to the Portfolio Management Group where he was ultimately responsible for managing $200 billion in separate account portfolios. After BlackRock, Andy relocated to south Florida and joined Mercantil Commercebank as a portfolio manager where he was solely responsible for the bank’s MBS and CMBS portfolio totaling $1.75 billion. He holds a BS in Finance from The Pennsylvania State University.


Tenure Analysis

Category Low

0.0

Category High

27.6

Category Average

5.91

Category Mode

1.6