In the News
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There's more pain to come for some popular big dividend-paying stock
Yahoo Finance, December 2, 2016
'Dividend Aristocrats' may get messy and overvalued, warns portfolio manager
Yahoo! Finance, June 14, 2016
Beware of ESG Risks
TheStreet.com, August 20, 2014
Evaluating liquid alts? History offers some lessons
Investment News, August 19, 2014
Can a Socially Responsible Alt Thrive?
Mutualfundwire.com, March 7, 2014
Alternative Income Fund with an Impact and ESG Focus
DailyAlts, March 20, 2014
The VIX us a trademarked ticker symbol for the Chicago Board Options Exchange Market Volatility Index, a popular measure of the implied volatility of S&P 500 index options. It is often referred to as the fear index or fear gauge as it represents one measure of the market's expectation of stock market volatility over the next 30-day period.The Dow Jones Utility Average (DJUA) is a price-weighted average of 15 utility stocks traded in the United States. The DJUA began in 1929.
The S&P 500 is a stock market index based on the market capitalizations of 500 large companies having common stock listed on the NYSE or NASDAQ. The S&P 500 Dividend Aristocrats Index measures the performance of S&P 500 companies that have increased dividends every year for the last 25 consecutive years. The index treats each constituent as a distinct investment opportunity without regard to its size by equally weighting each company. The S&P High Yield Dividend Aristocrats Index is comprised of the 50 highest dividend yielding constituents of the stocks of the S&P Composite 1500 Index that have increased dividends every year for at least 25 consecutive years. These stocks have both capital growth and dividend income characteristics, as opposed to stocks that are pure yield, or pure capital oriented.
Index returns are for illustrative purposes only and do not represent actual fund performance. Index performance returns do not reflect any management fees, transaction costs or expenses. Indices are unmanaged and one cannot invest directly in an index. Past performance does not guarantee future results.
The price-earnings ratio (P/E Ratio) is the ratio for valuing a company that measures its current share price relative to its per-share earnings.
Performance quoted represents past performance and is not a guarantee of future results. Past performance is no guarantee of future results. Current performance may be lower or higher than 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. Click here for standard and month-end performance for the CRA Qualified Investment Fund. Click here for standard and month-end performance for the CCM Alternative Income Fund.
The Funds are distributed by SEI Investments Distribution Co., which is not affiliated with Community Capital Management (the investment advisor to the Fund) or Badge Investment Partners LLC (the sub-advisor). Investing involves risk, including possible loss of principal. Bonds and bond funds will decrease in value as interest rates rise. In addition, the CCM Alternative Income Fund is also subject to the following risks: High yield bonds involve greater risks of default or downgrade and are more volatile than investment grade securities, due to the speculative nature of their investments. The Fund uses investment techniques that are different from the risks ordinarily associated with equity investments. Such techniques and strategies include hedging risks, merger arbitrage risks, derivative risks, short sale risks, leverage risks, commodities risk, and foreign investment risks, which may increase volatility and may increase costs and lower performance. Commodities can be highly volatile and the use of leverage may accelerate the velocity of potential losses.
There is no guarantee that any securities referenced will have the desired impact discussed. A company may reduce or eliminate its dividend, causing losses to investors. Holdings are subject to change. The top 10 Fund holdings as of 3/31/17 are as follows: Long Positions are FHA 023-98146 ST. FRANCIS: 6.34%; GMAC CAP(ALLY) PFD 8.125%: 4.10%; NEE 7.3 09/01/67: 3.80%; ENERCARE INC: 3.68%; PIMCO DYNAMIC CREDIT INCO: 2.90%; CIM 8 PERP PFD 03/30/24: 2.86%; USDA GRAND PRA 12/1/2047: 2.86%; MACQUARIE INFRASTRUCTURE: 2.86%; WASHOE HWY-BABS: 2.75%; CRESTWOOD EQUITY PARTNERS: 2.68%. Short positions are: US 10YR NOTE FUT JUN17: -12.44%; JUN 17 CBT 5YR DSF: -9.26%; US LONG BOND(CBT) JUN17: -7.78%; JUN 17 CBT 10YR DSF: -7.07%; US 2YR NOTE (CBT) JUN17: -5.58%; RUSSELL 2000 MINI JUN 17: -2.68%; S&P500 EMINI FUT JUN17: -2.66%; EXXON MOBIL CORP: -2.02%; SPDR S&P DIVD ETF: -1.99%; US 5YR NOTE (CBT) JUN17: -1.90%
Carefully consider the Funds’ investment objectives, risks, charges, and expenses. This and other information can be found in the CCMNX prospectus and the CRA Fund prospectus. Please read carefully before investing.
This website provides links to third party websites. Community Capital Management is not responsible for the content or condition of third party websites. Community Capital Management does not endorse the views, products, or services or third party websites. Information on funds other than the CRA Qualified Investment Fund or the CCM Alternative Income Fund is provided strictly for illustrative purposes and should not be deemed an offer to sell or a solicitation of an offer to buy shares of any funds other than the CRA Qualified Investment Fund or the CCM Alternative Income Fund.