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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 9.24  /  0.43 %
  • Total Assets 3.2 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 High / Moderate
  • Min. Initial Investment 100,000
  • Status Open
  • TTM Yield 2.98%
  • Effective Duration 4.63 years

USD | NAV as of Dec 05, 2023 | 1-Day Return as of Dec 05, 2023, 11:12 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
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Portfolio Holdings CRANX

More CRANX Holdings
  • Current Portfolio Date
  • Equity Holdings 0
  • Bond Holdings 2057
  • Other Holdings 26
  • % Assets in Top 10 Holdings 8.6
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

First American Government Obligs X

1.68
52,378,285
Cash and Equivalents

Ccmtristate Fl.Cd 11/1/20

1.33
41,567,021
Cash and Equivalents

United States Treasury Notes 4%

1.06
32,898,226
Government

United States Treasury Notes 3.5%

1.05
32,805,664
Government

Prologis, L.P. 4.625%

1.04
32,540,898
Corporate

Bank of America Corporation 6.204%

0.97
30,181,698
Corporate

Comcast Corporation 4.65%

0.79
24,606,555
Corporate

American Express Company 4.05%

0.78
24,304,450
Corporate

United States Treasury Notes 3.625%

0.77
23,966,797
Government

Fnma Pass-Thru I 5%

0.76
23,714,067
Securitized