CRA Qualified Investment Fund

Scorecard
3 / 5 Stars
Lipper
1 1 4 1 4
Zacks Investment Research
5 (Strong Sell)
Standard & Poor's
2 / 5 Stars
TheStreet.com
D (Sell)

#60 in Intermediate-Term Government

U.S. News evaluated 75 Intermediate Government Funds. Our list highlights the top-rated funds for long-term investors based on the ratings of leading fund industry researchers.

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Performance

The fund has returned 2.25 percent over the past year, 2.38 percent over the past three years, 3.27 percent over the past five years, and 3.83 percent over the past decade.

Trailing Returns Updated 06.30.2014
Year to date 3.0%
1 Year 2.3%
3 Years (Annualized) 2.4%
5 Years (Annualized) 3.3%
10 Years (Annualized) 3.8%

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Summary

The investment seeks to provide (1) a high level of current income consistent with the preservation of capital and (2) investments that will be deemed to be qualified under the Community Reinvestment Act of 1977, as amended (the "CRA"). The fund will normally invest at least 90% of 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 net assets in investment grade securities that are rated in the second or third highest rating categories. The fund is non-diversified.

Fees

Fees are Low compared to funds in the same category.
CRA Qualified Investment Fund has an expense ratio of 0.93 percent.

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Risk

Risk is Average compared to funds in the same category according to Morningstar.

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See Also:

Top Community Capital Management Funds