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Morningstar

CCM Community Impact Bond Institutional CRANX

Morningstar Medalist Rating
Medalist Rating as of | See Community Capital Investment Hub
  • NAV / 1-Day Return 9.17  /  −0.33 %
  • Total Assets 3.4 Bil
  • Adj. Expense Ratio
    0.440%
  • Expense Ratio 0.440%
  • Distribution Fee Level Below Average
  • Share Class Type Institutional
  • Category Intermediate Core Bond
  • Credit Quality / Interest Rate Sensitivity —
  • Min. Initial Investment 100,000
  • Status Open
  • TTM Yield 3.08%
  • Effective Duration —

USD | NAV as of Apr 18, 2024 | 1-Day Return as of Apr 18, 2024, 10:16 PM GMT+0

Morningstar’s Analysis CRANX

Will CRANX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable CRANX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the CRANX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of CRANX’s parent organization’s priorities and whether they’re in line with investors’ interests.

Weakness in CCM Community Impact Bond Institutional's Process and People Pillar ratings limits this strategy to a Morningstar Medalist Rating of Negative.

null Morningstar Manager Research

Morningstar Manager Research

Summary

The portfolio maintains a cost advantage over competitors, priced within the second-cheapest fee quintile among peers.

by Morningstar Manager Research
Rated on Published on

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Portfolio Holdings CRANX

More CRANX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 10.7
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Comcast Corporation 4.65%

1.48 51.3 Mil
Corporate

Bank of America Corp. 6.204%

1.44 49.7 Mil
Corporate

Alphabet Inc. 1.1%

1.24 42.8 Mil
Corporate

Ccmtristate Fl.Cd 11/1/20

1.23 42.7 Mil
Cash and Equivalents

United States Treasury Notes 4%

1.07 37.1 Mil
Government

American Express Company 4.05%

1.01 35.0 Mil
Corporate

Prologis, L.P. 4.625%

0.99 34.2 Mil
Corporate

United States Treasury Notes 3.5%

0.97 33.7 Mil
Government

United States Treasury Notes 4.875%

0.95 32.9 Mil
Government

United States Treasury Notes 4.5%

0.84 29.1 Mil
Government