CDCDX: Community Development A

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CDCDX Community Development A


Profile

CDCDX - Profile

Vitals

  • YTD Return 2.6%
  • 3 Yr Annualized Return 1.0%
  • 5 Yr Annualized Return N/A
  • Net Assets $64 M
  • Holdings in Top 10 44.1%

52 WEEK LOW AND HIGH

$10.00
$9.60
$10.02

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.43%

SALES FEES

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

BROKERAGE FEES

  • Turnover 14.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $1,000,000
  • IRA N/A

Fund Classification


Distributions

  • YTD Total Return 2.6%
  • 3 Yr Annualized Total Return 1.0%
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.69%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    The Community Development Fund
  • Fund Family Name
    Community Development Fund
  • Inception Date
    Apr 29, 2016
  • Shares Outstanding
    6396946
  • Share Class
    A
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Kevin Hendrickson

Fund Description

The fund will invest primarily in securities issued or guaranteed as to principal and interest by the U.S. government or by its agencies, instrumentalities or sponsored enterprises and other investment grade fixed income securities. It will invest at least 90% of its net assets in debt securities and other debt instruments that the adviser believes will be CRA-qualifying.


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Categories

Performance

CDCDX - Performance

Return Ranking - Trailing

Period CDCDX Return Category Return Low Category Return High Rank in Category (%)
YTD 2.6% -2.4% 8.6% 67.49%
1 Yr 4.0% -2.7% 11.0% 69.46%
3 Yr 1.0%* -1.9% 3.4% 60.23%
5 Yr N/A* -15.1% 1.8% N/A
10 Yr N/A* -2.1% 1.5% N/A

* Annualized

Return Ranking - Calendar

Period CDCDX Return Category Return Low Category Return High Rank in Category (%)
2019 3.4% -0.4% 4.9% 57.21%
2018 -2.2% -3.4% -0.7% 71.96%
2017 -0.3% -2.3% 0.9% 47.06%
2016 N/A -9.3% 1.4% N/A
2015 N/A -4.5% 3.3% N/A

Total Return Ranking - Trailing

Period CDCDX Return Category Return Low Category Return High Rank in Category (%)
YTD 2.6% -2.4% 8.6% 67.49%
1 Yr 4.0% -2.7% 11.0% 69.46%
3 Yr 1.0%* -1.3% 4.8% 69.89%
5 Yr N/A* -15.1% 3.6% N/A
10 Yr N/A* -2.1% 3.7% N/A

* Annualized

Total Return Ranking - Calendar

Period CDCDX Return Category Return Low Category Return High Rank in Category (%)
2019 3.4% -0.2% 4.9% 60.70%
2018 -2.2% -3.4% 3.0% 80.95%
2017 -0.3% -1.9% 2.8% 57.65%
2016 N/A -9.3% 1.5% N/A
2015 N/A -4.5% 3.3% N/A

NAV & Total Return History


Holdings

CDCDX - Holdings

Concentration Analysis

CDCDX Category Low Category High CDCDX % Rank
Net Assets 64 M 1.31 M 25.5 B 93.14%
Number of Holdings 56 2 15554 92.65%
Net Assets in Top 10 25.7 M 0 7.2 B 86.76%
Weighting of Top 10 44.06% 0.0% 100.0% 28.79%

Top 10 Holdings

  1. Fidelity Instl Short-Interm Govt II 8.82%
  2. FHLMC CMO 3.13% 5.82%
  3. Pool Wa0500, 3.48% 4.53%
  4. Pool Wa3207, 3.60% 4.11%
  5. FHLMC Multifamily Structured Pass-Through Certificates: 2.86% 4.00%
  6. Pool Tba, 3.00% 3.79%
  7. FRESB MORTGAGE TRUST 3.88 3.63%
  8. FRESB MORTGAGE TRUST 2.42 3.59%
  9. Pool Ra1853, 3.00% 3.04%
  10. Pool Am5197, 4.20% 2.73%

Asset Allocation

Weighting Return Low Return High CDCDX % Rank
Bonds
99.58% 0.00% 140.64% 16.67%
Other
0.42% -36.30% 18.06% 8.82%
Stocks
0.00% -0.16% 11.35% 75.00%
Preferred Stocks
0.00% 0.00% 0.01% 77.94%
Convertible Bonds
0.00% 0.00% 0.24% 78.92%
Cash
0.00% -40.55% 100.00% 86.76%

Bond Sector Breakdown

Weighting Return Low Return High CDCDX % Rank
Securitized
95.02% 0.00% 99.75% 14.71%
Municipal
4.98% 0.00% 15.90% 1.96%
Derivative
0.00% 0.00% 10.87% 80.88%
Cash & Equivalents
0.00% 0.00% 100.00% 100.00%
Corporate
0.00% 0.00% 6.26% 84.80%
Government
0.00% 0.00% 100.00% 95.10%

Bond Geographic Breakdown

Weighting Return Low Return High CDCDX % Rank
US
99.58% 0.00% 139.29% 16.67%
Non US
0.00% 0.00% 5.41% 82.84%

Expenses

CDCDX - Expenses

Operational Fees

CDCDX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.43% 0.03% 5.18% 16.92%
Management Fee 0.30% 0.00% 0.85% 30.88%
12b-1 Fee 0.25% 0.00% 1.00% 46.85%
Administrative Fee N/A 0.01% 0.45% N/A

Sales Fees

CDCDX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 1.00% 4.75% N/A
Deferred Load N/A 1.00% 5.50% N/A

Trading Fees

CDCDX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A N/A N/A N/A

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.

CDCDX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 14.00% 0.00% 420.00% 17.26%

Distributions

CDCDX - Distributions

Dividend Yield Analysis

CDCDX Category Low Category High CDCDX % Rank
Dividend Yield 0.00% 0.00% 2.41% 82.35%

Dividend Distribution Analysis

CDCDX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Quarterly Monthly Monthly

Net Income Ratio Analysis

CDCDX Category Low Category High CDCDX % Rank
Net Income Ratio 1.69% 0.34% 2.99% 78.82%

Capital Gain Distribution Analysis

CDCDX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Dividend Payout History

View More +

Fund Manager Analysis

CDCDX - Fund Manager Analysis

Managers

Kevin Hendrickson


Start Date

Tenure

Tenure Rank

Oct 16, 2019

0.54

0.5%

Kevin Hendrickson, CFA, is a senior member of the structured products team for MetLife Investment Management, LLC’s public fixed income team. Mr. Hendrickson has been with MetLife Investment Management, LLC and its predecessor firms since 2007. Prior to becoming a portfolio manager in 2019, he was responsible for trading core based products with a focus on mortgage- and asset-backed securities.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 29.55 7.96 5.26